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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AG MORTGAGE INVESTMENT TRUSTCOM0012281053,324200,000SH SOLENONE200,00000
ALTISOURCE PORTFOLIO SOLREG SHSL0175J104142,3171,016,478SH SOLENONE1,016,47800
AMERICAN INTERNATIONAL GROUPCOM NEW026874784282,3755,806,600SH SOLENONE5,806,60000
APOLLO INVESTMENT CORPCOM03761U1061,223150,000SH SOLENONE150,00000
ATLAS ENERGY LPCOM UNITS LP04930A104219,1304,011,167SH SOLENONE4,011,16700
ATLAS PIPELINE PARTNERS LPUNIT LP INT049392103166,9784,303,569SH SOLENONE4,303,56900
ATLAS RESOURCE PARTNERS LPCOM UNT LTD PR04941A10181,1193,873,883SH SOLENONE3,873,88300
ATLAS RESOURCE PARTNERS LPCOM UNT LTD PR04941A10120,295969,200SH SOLENONE969,20000
ATMEL CORPCOM04951310467,3189,048,095SH SOLENONE9,048,09500
BOSTON SCIENTIFIC CORPCOM101137107158,10713,467,416SH SOLENONE13,467,41600
CAESARS ENTERTAINMENT CORPCOM12768610361,1943,109,447SH SOLENONE3,109,44700
CAPITAL ONE FINANCIAL CORPCOM14040H105118,0201,716,900SH SOLENONE1,716,90000
CENTER BANCORP INCCOM1514081017,761545,000SH SOLENONE545,00000
CHIMERA INVESTMENT CORPCOM16934Q109187,97161,832,671SH SOLENONE61,832,67100
CITIGROUP INCCOM NEW172967424185,9053,832,300SH SOLENONE3,832,30000
COMCAST CORPCL A SPL20030N20051,7301,193,300SH SOLENONE1,193,30000
CROSSTEX ENERGY LPCOM22765U10246023,100SH SOLENONE23,10000
DENBURY RESOURCES INCCOM NEW24791620890,5354,917,727SH SOLENONE4,917,72700
DISH NETWORK CORPCL A25470M109158,0293,510,970SH SOLENONE3,510,97000
E*TRADE FINANCIAL CORPCOM NEW269246401126,7337,680,786SH SOLENONE7,680,78600
EASTMAN CHEMICAL COCOM277432100143,6851,844,481SH SOLENONE1,844,48100
ENERGY XXI BERMUDAUSD UNRS SHSG1008214072,0482,384,912SH SOLENONE2,384,91200
EXPRESS SCRIPTS HOLDING COCOM30219G108117,5931,902,798SH SOLENONE1,902,79800
FREEPORT-MCMORAN COPPERCOM35671D85794,3542,852,300SH SOLENONE2,852,30000
HALLIBURTON COCOM406216101175,3823,642,400SH SOLENONE3,642,40000
HARBINGER GROUP INCCOM41146A10651,8505,000,000SH SOLENONE5,000,00000
HARBINGER GROUP INCCOM41146A10613,6881,500,000SH SOLENONE1,500,00000
HCA HOLDINGS INCCOM40412C10181,8881,915,500SH SOLENONE1,915,50000
ISHARESMSCI CDA ETF4642865091,69960,000SH SOLENONE60,00000
JPMORGAN CHASE & COCOM46625H1002,47647,900SH SOLENONE47,90000
KINDER MORGAN INCCOM49456B101134,1613,771,759SH SOLENONE3,771,75900
KKR & CO LPCOM UNITS48248M10263,6683,093,665SH SOLENONE3,093,66500
KKR FINANCIAL HOLDINGS LLCCOM48248A306155,58015,061,010SH SOLENONE15,061,01000
LENNAR CORPCL A52605710443,6871,234,100SH SOLENONE1,234,10000
LIN MEDIA LLCCL A COM53277110212,174600,000SH SOLENONE600,00000
LINN ENERGY LLC-UNITSUNIT LTD LIAB53602010076,7642,961,583SH SOLENONE2,961,58300
LINNCO LLCCOMSHS LTD INT53578210617,481472,453SH SOLENONE472,45300
LORAL SPACE & COMMUNICATIONSCOM54388110651,120754,766SH SOLENONE754,76600
LYONDELLBASELL INDUSHS - A -N53745100138,6341,893,133SH SOLENONE1,893,13300
MCKESSON CORPCOM58155Q10388,704691,382SH SOLENONE691,38200
MERCK & CO. INC.COM58933Y1059,674203,200SH SOLENONE203,20000
METLIFE INCCOM59156R108138,5492,950,985SH SOLENONE2,950,98500
MOTOROLA SOLUTIONS INCCOM NEW620076307217,4323,661,701SH SOLENONE3,661,70100
NEW RESIDENTIAL INVESTMENTCOM64828T10237,8505,717,478SH SOLENONE5,717,47800
NEWCASTLE INVESTMENT CORPCOM65105M10835,6906,350,619SH SOLENONE6,350,61900
NYSE EURONEXTCOM629491101173,1174,123,799SH SOLENONE4,123,79900
OCWEN FINANCIAL CORPCOM NEW67574630916,302292,300SH SOLENONE292,30000
ORIENT EXPRESS HOTELS LTDCL AG6774310715,6411,205,022SH SOLENONE1,205,02200
PENN NATIONAL GAMING INCCOM70756910986,2221,557,487SH SOLENONE1,557,48700
PENNYMAC FINANCIAL SERVICECL A70932B10151,8532,759,600SH SOLENONE2,759,60000
PENNYMAC MORTGAGE INVESTMENTCOM70931T10349,3332,175,170SH SOLENONE2,175,17000
POLYCOM INCCOM73172K104102,9169,424,548SH SOLENONE9,424,54800
PVH CORPCOM69365610088,661747,000SH SOLENONE747,00000
QUALCOMM INCCOM747525103190,2532,826,100SH SOLENONE2,826,10000
REALOGY HOLDINGS CORPCOM75605Y10667,4301,567,420SH SOLENONE1,567,42000
RESOURCE AMERICA INCCL A7611952059,5701,191,733SH SOLENONE1,191,73300
RESOURCE CAPITAL CORPCOM76120W3025,9401,000,000SH SOLENONE1,000,00000
SANDRIDGE ENERGY INCCOM80007P307200,74134,256,163SH SOLENONE34,256,16300
SELECT SECTOR SPDRSBI MATERIALS81369Y1001,51236,000SH SOLENONE36,00000
SELECT SECTOR SPDRSBI INT-FINL81369Y6051,49375,000SH SOLENONE75,00000
SILVER BAY REALTY TRUST CORPCOM82735Q102764,882SH SOLENONE4,88200
SIRIUS XM RADIO INCCOM82967N108278,58571,893,003SH SOLENONE71,893,00300
SLM CORPCOM78442P106321,63912,917,228SH SOLENONE12,917,22800
SPRINT CORPCOM SER 185207U105219,49335,293,890SH SOLENONE35,293,89000
SUPERVALU INCCOM86853610341,5705,051,019SH SOLENONE5,051,01900
TEEKAY LNG PARTNERS LPPRTNRSP UNITSY8564M10588220,000SH SOLENONE20,00000
THERMO FISHER SCIENTIFIC INCCOM88355610256,706615,370SH SOLENONE615,37000
THL CREDIT INCCOM87243810623,1211,481,384SH SOLENONE1,481,38400
TRANSOCEAN LTDREG SHSH8817H100155,0183,483,545SH SOLENONE3,483,54500
TWO HARBORS INVESTMENT CORPCOM90187B101971100,000SH SOLENONE100,00000
UNITEDHEALTH GROUP INCCOM91324P10287,7171,224,933SH SOLENONE1,224,93300
VALIDUS HOLDINGS LTDCOM SHSG9319H10258,4261,579,928SH SOLENONE1,579,92800
WILLIAMS COS INCCOM96945710043,7241,202,538SH SOLENONE1,202,53800
WISDOMTREE TRJAPN HEDGE EQT97717W8511,67835,000SH SOLENONE35,00000
WPX ENERGY INCCOM98212B10340,7062,113,524SH SOLENONE2,113,52400
XL GROUP PLCSHSG98290102112,4943,650,037SH SOLENONE3,650,03700