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 522 70,000 SH   SOLE None 70,000 0 0
AERCAP HOLDINGS NV SHS N00985106 94,306 2,266,435 SH   SOLE None 2,266,435 0 0
ALLERGAN PLC SHS G0177J108 76,399 363,788 SH   SOLE None 363,788 0 0
AMERICAN INTERNATIONAL GROUP I COM 026874784 92,055 1,409,512 SH   SOLE None 1,409,512 0 0
AMAZON.COM INC COM 023135106 14,997 20,000 SH   SOLE None 20,000 0 0
ANADARKO PETROLEUM CORP COM 032511107 24,588 352,621 SH   SOLE None 352,621 0 0
ARRIS INTERNATIONAL PLC SHS G0551A103 41,863 1,389,412 SH   SOLE None 1,389,412 0 0
ASHLAND GLOBAL HOLDINGS INC COM 044186104 59,182 541,509 SH   SOLE None 541,509 0 0
ALTISOURCE PORTFOLIO SOLUTIONS REG SHS L0175J104 48,045 1,806,865 SH   SOLE None 1,806,865 0 0
BERRY PLASTICS GROUP INC COM 08579W103 20,899 428,865 SH   SOLE None 428,865 0 0
BALL CORP COM 058498106 49,561 660,200 SH   SOLE None 660,200 0 0
BLUEBIRD BIO INC COM 09609G100 3,085 50,000 SH   SOLE None 50,000 0 0
CHIMERA INVESTMENT CORP COM 16934Q208 1,021 60,000 SH   SOLE None 60,000 0 0
DELTA AIR LINES INC COM 247361702 3,719 75,600 SH   SOLE None 75,600 0 0
DISH NETWORK CORP CL A 25470M109 42,113 726,957 SH   SOLE None 726,957 0 0
DOW CHEMICAL CO/THE COM 260543103 77,997 1,363,100 SH   SOLE None 1,363,100 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 24,462 445,000 SH   SOLE None 445,000 0 0
ECLIPSE RESOURCES CORP COM 27890G100 668 250,000 SH   SOLE None 250,000 0 0
ELLINGTON FINANCIAL LLC COM 288522303 19,400 1,250,000 SH   SOLE None 1,250,000 0 0
EASTMAN CHEMICAL CO COM 277432100 32,244 428,713 SH   SOLE None 428,713 0 0
E TRADE FINANCIAL CORP COM 269246401 33,252 959,659 SH   SOLE None 959,659 0 0
ENERGY TRANSFER PARTNERS LP UNIT LTD PARTN 29273R109 30,068 839,661 SH   SOLE None 839,661 0 0
FACEBOOK INC CL A 30303M102 7,915 68,800 SH   SOLE None 68,800 0 0
FIRST DATA CORP COM CL A 32008D106 121,665 8,574,013 SH   SOLE None 8,574,013 0 0
FIDELITY & GUARANTY LIFE COM 315785105 7,830 330,381 SH   SOLE None 330,381 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 45,823 1,349,332 SH   SOLE None 1,349,332 0 0
ACUSHNET HOLDINGS CORP COM 005098108 1,421 72,100 SH   SOLE None 72,100 0 0
ALPHABET INC CAP STK CL A 02079K305 110,464 139,395 SH   SOLE None 139,395 0 0
GULFPORT ENERGY CORP COM 402635304 22,167 1,024,353 SH   SOLE None 1,024,353 0 0
HANCOCK HOLDING CO COM 410120109 1,293 30,000 SH   SOLE None 30,000 0 0
HESS CORP COM 42809H107 58,360 936,900 SH   SOLE None 936,900 0 0
HRG GROUP INC COM 40434J100 57,112 3,670,451 SH   SOLE None 3,670,451 0 0
HRG GROUP INC COM 40434J100 53,483 3,437,203 SH   SOLE None 3,437,203 0 0
LORAL SPACE & COMMUNICATIONS I COM 543881106 49,750 1,211,938 SH   SOLE None 1,211,938 0 0
MDC PARTNERS INC CL A SUB VTG 552697104 1,932 295,000 SH   SOLE None 295,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 45,442 1,576,190 SH   SOLE None 1,576,190 0 0
MICROSOFT CORP COM 594918104 49,937 803,620 SH   SOLE None 803,620 0 0
MVC CAPITAL INC COM 553829102 1,109 129,211 SH   SOLE None 129,211 0 0
NORDIC AMERICAN OFFSHORE LTD SHS G65772108 1,925 700,000 SH   SOLE None 700,000 0 0
NAVIENT CORP COM 63938C108 61,687 3,754,562 SH   SOLE None 3,754,562 0 0
NABORS INDUSTRIES LTD SHS G6359F103 4,761 290,300 SH   SOLE None 290,300 0 0
NEW MEDIA INVESTMENT GROUP INC COM 64704V106 42,806 2,677,051 SH   SOLE None 2,677,051 0 0
NEW RESIDENTIAL INVESTMENT COR COM 64828T201 11,770 748,727 SH   SOLE None 748,727 0 0
OM ASSET MANAGEMENT PLC SHS G67506108 1,740 120,000 SH   SOLE None 120,000 0 0
ONEMAIN HOLDINGS INC COM 68268W103 18,952 856,010 SH   SOLE None 856,010 0 0
PANDORA MEDIA INC COM 698354107 39,236 3,008,900 SH   SOLE None 3,008,900 0 0
PIONEER ENERGY SERVICES CORP COM 723664108 685 100,000 SH   SOLE None 100,000 0 0
PENNYMAC FINANCIAL SERVICES IN CL A 70932B101 26,972 1,619,916 SH   SOLE None 1,619,916 0 0
PENNYMAC MORTGAGE INVESTMENT T COM 70931T103 1,507 92,056 SH   SOLE None 92,056 0 0
PVH CORP COM 693656100 57,645 638,797 SH   SOLE None 638,797 0 0
PAYPAL HOLDINGS INC COM 70450Y103 35,243 892,900 SH   SOLE None 892,900 0 0
RENASANT CORP COM 75970E107 633 15,000 SH   SOLE None 15,000 0 0
SUCAMPO PHARMACEUTICALS INC CL A 864909106 678 50,000 SH   SOLE None 50,000 0 0
NEW SENIOR INVESTMENT GROUP IN COM 648691103 4,974 508,115 SH   SOLE None 508,115 0 0
SYNCHRONY FINANCIAL COM 87165B103 34,020 937,967 SH   SOLE None 937,967 0 0
THL CREDIT INC COM 872438106 1,101 110,000 SH   SOLE None 110,000 0 0
TIME INC COM 887228104 69,495 3,893,255 SH   SOLE None 3,893,255 0 0
TRIBUNE MEDIA CO CL A 896047503 62,693 1,792,248 SH   SOLE None 1,792,248 0 0
TESARO INC COM 881569107 3,362 25,000 SH   SOLE None 25,000 0 0
MAMMOTH ENERGY SERVICES INC COM 56155L108 1,520 100,000 SH   SOLE None 100,000 0 0
UNITED CONTINENTAL HOLDINGS IN COM 910047109 128,262 1,759,902 SH   SOLE None 1,759,902 0 0
UNITED BANKSHARES INC/WV COM 909907107 1,388 30,000 SH   SOLE None 30,000 0 0
VALLEY NATIONAL BANCORP COM 919794107 582 50,000 SH   SOLE None 50,000 0 0
VALVOLINE INC COM 92047W101 6,061 281,900 SH   SOLE None 281,900 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 77,306 934,100 SH   SOLE None 934,100 0 0
WIX.COM LTD SHS M98068105 1,114 25,000 SH   SOLE None 25,000 0 0
WILLIAMS COS INC/THE COM 969457100 28,334 909,900 SH   SOLE None 909,900 0 0
WILLIAMS PARTNERS LP COM UNIT LTD PAR 96949L105 27,382 720,000 SH   SOLE None 720,000 0 0
WILDHORSE RESOURCE DEVELOPMENT COM 96812T102 6,570 450,000 SH   SOLE None 450,000 0 0
ZYNGA INC CL A 98986T108 2,570 1,000,000 SH   SOLE None 1,000,000 0 0
GLOBAL EAGLE ENTERTAINMENT INC COM 37951D102 4,204 650,800 SH   SOLE None 650,800 0 0
SHIRE PLC SPONSORED ADR 82481R106 76,212 447,307 SH   SOLE None 447,307 0 0