The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ARBOR REALTY TRUST INC COM 038923108 503 70,000 SH   SOLE NONE 70,000 0 0
AERCAP HOLDINGS NV SHS N00985106 155,276 4,622,672 SH   SOLE NONE 4,622,672 0 0
ALLERGAN PLC SHS G0177J108 155,110 671,212 SH   SOLE NONE 671,212 0 0
AMERICAN INTERNATIONAL GROUP I COM 026874784 153,145 2,895,538 SH   SOLE NONE 2,895,538 0 0
AFFILIATED MANAGERS GROUP INC COM 008252108 7,390 52,500 SH   SOLE NONE 52,500 0 0
ANTERO RESOURCES CORP COM 03674X106 7,295 280,800 SH   SOLE NONE 280,800 0 0
ARRIS INTERNATIONAL PLC SHS G0551A103 37,588 1,793,312 SH   SOLE NONE 1,793,312 0 0
ASHLAND INC COM 044209104 94,625 824,474 SH   SOLE NONE 824,474 0 0
ALTISOURCE PORTFOLIO SOLUTIONS REG SHS L0175J104 58,743 2,110,025 SH   SOLE NONE 2,110,025 0 0
AUTOZONE INC COM 053332102 10,161 12,800 SH   SOLE NONE 12,800 0 0
BERRY PLASTICS GROUP INC COM 08579W103 11,461 295,000 SH   SOLE NONE 295,000 0 0
BALL CORP COM 058498106 46,555 644,000 SH   SOLE NONE 644,000 0 0
FCB FINANCIAL HOLDINGS INC CL A 30255G103 12,969 381,455 SH   SOLE NONE 381,455 0 0
FCB FINANCIAL HOLDINGS INC CL A 30255G103 4,883 143,606 SH   SOLE NONE 143,606 0 0
BLUE BUFFALO PET PRODUCTS INC COM 09531U102 2,334 100,000 SH   SOLE NONE 100,000 0 0
CITIGROUP INC COM 172967424 35,112 828,318 SH   SOLE NONE 828,318 0 0
CHIMERA INVESTMENT CORP COM 16934Q208 87,864 5,596,438 SH   SOLE NONE 5,596,438 0 0
CONSOL ENERGY INC COM 20854P109 2,414 150,000 SH   SOLE NONE 150,000 0 0
COACH INC COM 189754104 6,111 150,000 SH   SOLE NONE 150,000 0 0
CANADIAN PACIFIC RAILWAY LTD COM 13645T100 11,269 87,500 SH   SOLE NONE 87,500 0 0
DELTA AIR LINES INC COM 247361702 42,222 1,159,000 SH   SOLE NONE 1,159,000 0 0
DISH NETWORK CORP CL A 25470M109 57,309 1,093,687 SH   SOLE NONE 1,093,687 0 0
DOW CHEMICAL CO/THE COM 260543103 98,699 1,985,500 SH   SOLE NONE 1,985,500 0 0
ELECTRONIC ARTS INC COM 285512109 39,494 521,300 SH   SOLE NONE 521,300 0 0
ECLIPSE RESOURCES CORP COM 27890G100 1,670 500,000 SH   SOLE NONE 500,000 0 0
ELLINGTON FINANCIAL LLC COM 288522303 20,984 1,225,000 SH   SOLE NONE 1,225,000 0 0
EASTMAN CHEMICAL CO COM 277432100 54,123 797,098 SH   SOLE NONE 797,098 0 0
ENTERPRISE PRODUCTS PARTNERS L COM 293792107 17,000 581,000 SH   SOLE NONE 581,000 0 0
E*TRADE FINANCIAL CORP COM 269246401 74,095 3,154,341 SH   SOLE NONE 3,154,341 0 0
ENERGY TRANSFER PARTNERS LP UNIT LTD PARTN 29273R109 51,556 1,354,254 SH   SOLE NONE 1,354,254 0 0
FACEBOOK INC CL A 30303M102 36,844 322,400 SH   SOLE NONE 322,400 0 0
FIRST DATA CORP COM CL A 32008D106 173,282 15,653,263 SH   SOLE NONE 15,653,263 0 0
FNF GROUP COM 31620R303 34,460 918,932 SH   SOLE NONE 918,932 0 0
ALPHABET INC CAP STK CL A 02079K305 184,936 262,869 SH   SOLE NONE 262,869 0 0
GULFPORT ENERGY CORP COM 402635304 6,530 208,900 SH   SOLE NONE 208,900 0 0
HI-CRUSH PARTNERS LP COM UNIT LTD 428337109 1,307 100,000 SH   SOLE NONE 100,000 0 0
HOLOGIC INC COM 436440101 3,460 100,000 SH   SOLE NONE 100,000 0 0
HRG GROUP INC COM 40434J100 61,751 4,497,546 SH   SOLE NONE 4,497,546 0 0
HRG GROUP INC COM 40434J100 79,716 5,806,000 SH   SOLE NONE 5,806,000 0 0
LANDCADIA HOLDINGS INC UNIT 12/31/2021T 51476W206 2,008 200,000 SH   SOLE NONE 200,000 0 0
LORAL SPACE & COMMUNICATIONS I COM 543881106 61,207 1,735,387 SH   SOLE NONE 1,735,387 0 0
LOWE'S COS INC COM 548661107 7,387 93,300 SH   SOLE NONE 93,300 0 0
MDC PARTNERS INC CL A SUB VTG 552697104 823 45,000 SH   SOLE NONE 45,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 66,297 2,929,590 SH   SOLE NONE 2,929,590 0 0
MICROSOFT CORP COM 594918104 78,434 1,532,820 SH   SOLE NONE 1,532,820 0 0
MOTOROLA SOLUTIONS INC COM 620076307 83,181 1,260,890 SH   SOLE NONE 1,260,890 0 0
MANITOWOC CO INC/THE COM 563571108 273 50,000 SH   SOLE NONE 50,000 0 0
MVC CAPITAL INC COM 553829102 965 120,000 SH   SOLE NONE 120,000 0 0
NORDIC AMERICAN OFFSHORE LTD SHS Y6366T112 7,536 1,600,000 SH   SOLE NONE 1,600,000 0 0
NAVIENT CORP COM 63938C108 164,959 13,804,067 SH   SOLE NONE 13,804,067 0 0
NABORS INDUSTRIES LTD SHS G6359F103 14,965 1,489,084 SH   SOLE NONE 1,489,084 0 0
NEW MEDIA INVESTMENT GROUP INC COM 64704V106 57,329 3,172,602 SH   SOLE NONE 3,172,602 0 0
NETFLIX INC COM 64110L106 34,076 372,500 SH   SOLE NONE 372,500 0 0
NORTHSTAR REALTY FINANCE CORP COM 66704R803 572 50,000 SH   SOLE NONE 50,000 0 0
NEW RESIDENTIAL INVESTMENT COR COM 64828T201 74,024 5,348,544 SH   SOLE NONE 5,348,544 0 0
ONEMAIN HOLDINGS INC COM 68268W103 73,482 3,220,063 SH   SOLE NONE 3,220,063 0 0
PERFORMANCE FOOD GROUP CO COM 71377A103 2,691 100,000 SH   SOLE NONE 100,000 0 0
PENNYMAC FINANCIAL SERVICES IN CL A 70932B101 30,884 2,472,697 SH   SOLE NONE 2,472,697 0 0
PENNYMAC MORTGAGE INVESTMENT T COM 70931T103 812 50,000 SH   SOLE NONE 50,000 0 0
PARATEK PHARMACEUTICALS INC COM 699374302 696 50,000 SH   SOLE NONE 50,000 0 0
PVH CORP COM 693656100 72,934 774,000 SH   SOLE NONE 774,000 0 0
PIONEER NATURAL RESOURCES CO COM 723787107 3,024 20,000 SH   SOLE NONE 20,000 0 0
PAYPAL HOLDINGS INC COM 70450Y103 46,780 1,281,300 SH   SOLE NONE 1,281,300 0 0
REALOGY HOLDINGS CORP COM 75605Y106 8,767 302,100 SH   SOLE NONE 302,100 0 0
SILVER WHEATON CORP COM 828336107 27,718 1,178,000 SH   SOLE NONE 1,178,000 0 0
NEW SENIOR INVESTMENT GROUP IN COM 648691103 45,534 4,263,462 SH   SOLE NONE 4,263,462 0 0
SOUTHWESTERN ENERGY CO COM 845467109 6,290 500,000 SH   SOLE NONE 500,000 0 0
SYNCHRONY FINANCIAL COM 87165B103 55,350 2,189,467 SH   SOLE NONE 2,189,467 0 0
THL CREDIT INC COM 872438106 362 32,516 SH   SOLE NONE 32,516 0 0
TERRAFORM POWER INC CL A COM 88104R100 4,129 378,845 SH   SOLE NONE 378,845 0 0
TJX COS INC/THE COM 872540109 13,515 175,000 SH   SOLE NONE 175,000 0 0
TRIBUNE MEDIA CO CL A 896047503 146,719 3,744,747 SH   SOLE NONE 3,744,747 0 0
TARGA RESOURCES CORP COM 87612G101 47,323 1,123,000 SH   SOLE NONE 1,123,000 0 0
TETRA TECHNOLOGIES INC COM 88162F105 1,274 200,000 SH   SOLE NONE 200,000 0 0
UNITED CONTINENTAL HOLDINGS IN COM 910047109 97,120 2,366,474 SH   SOLE NONE 2,366,474 0 0
UNITEDHEALTH GROUP INC COM 91324P102 69,725 493,800 SH   SOLE NONE 493,800 0 0
US FOODS HOLDING CORP COM 912008109 6,060 250,000 SH   SOLE NONE 250,000 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 101,831 1,222,900 SH   SOLE NONE 1,222,900 0 0
WILLIAMS PARTNERS LP COM UNIT LTD PAR 96949L105 35,121 1,013,900 SH   SOLE NONE 1,013,900 0 0
SHIRE PLC SPONSORED ADR 82481R106 37,571 204,100 SH   SOLE NONE 204,100 0 0