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 519 70,000 SH   SOLE NONE 70,000 0 0
AERCAP HOLDINGS NV SHS N00985106 156,268 4,059,955 SH   SOLE NONE 4,059,955 0 0
ALLERGAN PLC SHS G0177J108 124,626 541,122 SH   SOLE NONE 541,122 0 0
AMERICAN INTERNATIONAL GROUP I COM 026874784 142,276 2,397,644 SH   SOLE NONE 2,397,644 0 0
ARRIS INTERNATIONAL PLC SHS G0551A103 47,073 1,661,612 SH   SOLE NONE 1,661,612 0 0
ASHLAND GLOBAL HOLDINGS INC COM 044186104 77,801 670,987 SH   SOLE NONE 670,987 0 0
ALTISOURCE PORTFOLIO SOLUTIONS REG SHS L0175J104 71,897 2,219,030 SH   SOLE NONE 2,219,030 0 0
BERRY PLASTICS GROUP INC COM 08579W103 24,775 565,000 SH   SOLE NONE 565,000 0 0
BALL CORP COM 058498106 47,932 584,897 SH   SOLE NONE 584,897 0 0
BMC STOCK HOLDINGS INC COM 05591B109 1,617 91,200 SH   SOLE NONE 91,200 0 0
AUDENTES THERAPEUTICS INC COM 05070R104 816 45,800 SH   SOLE NONE 45,800 0 0
CHESAPEAKE ENERGY CORP COM 165167107 1,716 273,650 SH   SOLE NONE 273,650 0 0
CHIMERA INVESTMENT CORP COM 16934Q208 46,959 2,944,130 SH   SOLE NONE 2,944,130 0 0
CLIFFS NATURAL RESOURCES INC COM 18683K101 6,670 1,140,100 SH   SOLE NONE 1,140,100 0 0
CALLON PETROLEUM CO COM 13123X102 2,865 182,500 SH   SOLE NONE 182,500 0 0
CTRIP.COM INTERNATIONAL LTD AMERICAN DEP SHS 22943F100 8,629 185,300 SH   SOLE NONE 185,300 0 0
DELTA AIR LINES INC COM 247361702 38,431 976,400 SH   SOLE NONE 976,400 0 0
DISH NETWORK CORP CL A 25470M109 44,380 810,157 SH   SOLE NONE 810,157 0 0
DOW CHEMICAL CO/THE COM 260543103 80,740 1,557,777 SH   SOLE NONE 1,557,777 0 0
DELL TECHNOLOGIES INC - VMWARE COM CL V 24703L103 7,170 150,000 SH   SOLE NONE 150,000 0 0
ELECTRONIC ARTS INC COM 285512109 22,751 266,400 SH   SOLE NONE 266,400 0 0
ECLIPSE RESOURCES CORP COM 27890G100 1,496 454,700 SH   SOLE NONE 454,700 0 0
ELLINGTON FINANCIAL LLC COM 288522303 20,838 1,250,000 SH   SOLE NONE 1,250,000 0 0
EASTMAN CHEMICAL CO COM 277432100 48,601 718,097 SH   SOLE NONE 718,097 0 0
ENTERPRISE PRODUCTS PARTNERS L COM 293792107 21,966 794,996 SH   SOLE NONE 794,996 0 0
E*TRADE FINANCIAL CORP COM 269246401 58,622 2,013,135 SH   SOLE NONE 2,013,135 0 0
ENERGY TRANSFER PARTNERS LP UNIT LTD PARTN 29273R109 45,795 1,237,713 SH   SOLE NONE 1,237,713 0 0
FACEBOOK INC CL A 30303M102 35,672 278,100 SH   SOLE NONE 278,100 0 0
FIRST DATA CORP COM CL A 32008D106 170,478 12,954,273 SH   SOLE NONE 12,954,273 0 0
FIDELITY & GUARANTY LIFE COM 315785105 1,728 74,503 SH   SOLE NONE 74,503 0 0
FNF GROUP FNF GROUP COM 31620R303 31,474 852,732 SH   SOLE NONE 852,732 0 0
ALPHABET INC CAP STK CL A 02079K305 129,579 161,156 SH   SOLE NONE 161,156 0 0
GULFPORT ENERGY CORP COM 402635304 8,423 298,153 SH   SOLE NONE 298,153 0 0
HESS CORP COM 42809H107 52,918 986,900 SH   SOLE NONE 986,900 0 0
HRG GROUP INC COM 40434J100 64,502 4,108,392 SH   SOLE NONE 4,108,392 0 0
HRG GROUP INC COM 40434J100 86,319 5,498,000 SH   SOLE NONE 5,498,000 0 0
KADMON HOLDINGS INC COM 48283N106 679 92,500 SH   SOLE NONE 92,500 0 0
LIBERTY GLOBAL PLC LILAC LILAC SHS CL C G5480U153 15,192 541,605 SH   SOLE NONE 541,605 0 0
LORAL SPACE & COMMUNICATIONS I COM 543881106 62,225 1,591,034 SH   SOLE NONE 1,591,034 0 0
MDC PARTNERS INC CL A SUB VTG 552697104 1,983 185,000 SH   SOLE NONE 185,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 58,626 2,252,237 SH   SOLE NONE 2,252,237 0 0
MICROSOFT CORP COM 594918104 60,511 1,050,534 SH   SOLE NONE 1,050,534 0 0
MOTOROLA SOLUTIONS INC COM 620076307 78,356 1,027,210 SH   SOLE NONE 1,027,210 0 0
MVC CAPITAL INC COM 553829102 1,071 129,211 SH   SOLE NONE 129,211 0 0
NORDIC AMERICAN OFFSHORE LTD SHS G65772108 5,012 1,336,408 SH   SOLE NONE 1,336,408 0 0
NAVIENT CORP COM 63938C108 163,780 11,318,580 SH   SOLE NONE 11,318,580 0 0
NABORS INDUSTRIES LTD SHS G6359F103 20,012 1,645,692 SH   SOLE NONE 1,645,692 0 0
NEW MEDIA INVESTMENT GROUP INC COM 64704V106 46,226 2,982,293 SH   SOLE NONE 2,982,293 0 0
NEW RESIDENTIAL INVESTMENT COR COM 64828T201 40,668 2,944,797 SH   SOLE NONE 2,944,797 0 0
OLLIE'S BARGAIN OUTLET HOLDING COM 681116109 2,390 91,200 SH   SOLE NONE 91,200 0 0
ONEMAIN HOLDINGS INC COM 68268W103 96,327 3,112,338 SH   SOLE NONE 3,112,338 0 0
PANDORA MEDIA INC COM 698354107 39,019 2,722,900 SH   SOLE NONE 2,722,900 0 0
PDC ENERGY INC COM 69327R101 3,058 45,600 SH   SOLE NONE 45,600 0 0
PARSLEY ENERGY INC CL A 701877102 10,696 319,200 SH   SOLE NONE 319,200 0 0
PENNYMAC FINANCIAL SERVICES IN CL A 70932B101 39,336 2,312,500 SH   SOLE NONE 2,312,500 0 0
PENNYMAC MORTGAGE INVESTMENT T COM 70931T103 779 50,000 SH   SOLE NONE 50,000 0 0
PARATEK PHARMACEUTICALS INC COM 699374302 595 45,700 SH   SOLE NONE 45,700 0 0
PVH CORP COM 693656100 94,963 859,397 SH   SOLE NONE 859,397 0 0
PAYPAL HOLDINGS INC COM 70450Y103 48,197 1,176,400 SH   SOLE NONE 1,176,400 0 0
RICE ENERGY INC COM 762760106 10,444 400,000 SH   SOLE NONE 400,000 0 0
RYERSON HOLDING CORP COM 783754104 1,544 136,800 SH   SOLE NONE 136,800 0 0
NEW SENIOR INVESTMENT GROUP IN COM 648691103 35,392 3,066,911 SH   SOLE NONE 3,066,911 0 0
SS&C TECHNOLOGIES HOLDINGS INC COM 78467J100 22,611 703,300 SH   SOLE NONE 703,300 0 0
SYNCHRONY FINANCIAL COM 87165B103 47,773 1,706,167 SH   SOLE NONE 1,706,167 0 0
THL CREDIT INC COM 872438106 3,267 342,796 SH   SOLE NONE 342,796 0 0
TIME INC COM 887228104 13,083 903,500 SH   SOLE NONE 903,500 0 0
TRIBUNE MEDIA CO CL A 896047503 126,546 3,465,124 SH   SOLE NONE 3,465,124 0 0
TRINSEO SA SHS L9340P101 10,317 182,400 SH   SOLE NONE 182,400 0 0
UNITED CONTINENTAL HOLDINGS IN COM 910047109 107,972 2,057,793 SH   SOLE NONE 2,057,793 0 0
VALVOLINE INC COM 92047W101 8,703 370,500 SH   SOLE NONE 370,500 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 87,578 1,086,300 SH   SOLE NONE 1,086,300 0 0
WILLIAMS COS INC/THE COM 969457100 32,672 1,063,200 SH   SOLE NONE 1,063,200 0 0
WILLIAMS PARTNERS LP COM UNIT LTD PAR 96949L105 32,207 866,000 SH   SOLE NONE 866,000 0 0
UNITED STATES STEEL CORP COM 912909108 1,886 100,000 SH   SOLE NONE 100,000 0 0
GLOBAL EAGLE ENTERTAINMENT INC COM 37951D102 5,408 650,800 SH   SOLE NONE 650,800 0 0
SHIRE PLC SPONSORED ADR 82481R106 69,108 356,484 SH   SOLE NONE 356,484 0 0