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
AG MORTGAGE INVESTMENT TRUST COM 001228105 3,128 200,000 SH   SOLE NONE 200,000 0 0
ALTISOURCE PORTFOLIO SOL REG SHS L0175J104 146,743 925,063 SH   SOLE NONE 925,063 0 0
AMERICAN INTERNATIONAL GROUP COM NEW 026874784 298,443 5,846,100 SH   SOLE NONE 5,846,100 0 0
APOLLO INVESTMENT CORP COM 03761U106 1,271 150,000 SH   SOLE NONE 150,000 0 0
ASSURED GUARANTY LTD COM G0585R106 45,081 1,911,013 SH   SOLE NONE 1,911,013 0 0
ATLAS ENERGY LP COM UNITS LP 04930A104 157,976 3,371,947 SH   SOLE NONE 3,371,947 0 0
ATLAS PIPELINE PARTNERS LP UNIT LP INT 049392103 116,639 3,327,802 SH   SOLE NONE 3,327,802 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 87,060 4,250,994 SH   SOLE NONE 4,250,994 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 19,849 969,200 SH   SOLE NONE 969,200 0 0
BOSTON SCIENTIFIC CORP COM 101137107 102,568 8,533,099 SH   SOLE NONE 8,533,099 0 0
CAESARS ACQUISITION CO CL A 12768T103 39,623 3,285,473 SH   SOLE NONE 3,285,473 0 0
CAESARS ENTERTAINMENT CORP COM 127686103 113,840 5,285,071 SH   SOLE NONE 5,285,071 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 84,830 1,425,000 SH   SOLE NONE 1,425,000 0 0
CAPITAL ONE FINANCIAL CORP COM 14040H105 123,254 1,608,855 SH   SOLE NONE 1,608,855 0 0
CENTER BANCORP INC COM 151408101 10,224 545,000 SH   SOLE NONE 545,000 0 0
CHIMERA INVESTMENT CORP COM 16934Q109 192,589 62,125,420 SH   SOLE NONE 62,125,420 0 0
CITIGROUP INC COM NEW 172967424 204,495 3,924,300 SH   SOLE NONE 3,924,300 0 0
COBALT INTERNATIONAL ENERGY COM 19075F106 13,209 803,000 SH   SOLE NONE 803,000 0 0
COMCAST CORP CL A SPL 20030N200 59,522 1,193,300 SH   SOLE NONE 1,193,300 0 0
CROSSTEX ENERGY LP COM 22765U102 638 23,100 SH   SOLE NONE 23,100 0 0
DENBURY RESOURCES INC COM NEW 247916208 77,512 4,717,727 SH   SOLE NONE 4,717,727 0 0
DISH NETWORK CORP CL A 25470M109 227,340 3,925,070 SH   SOLE NONE 3,925,070 0 0
E*TRADE FINANCIAL CORP COM NEW 269246401 134,181 6,832,027 SH   SOLE NONE 6,832,027 0 0
EASTMAN CHEMICAL CO COM 277432100 167,112 2,070,781 SH   SOLE NONE 2,070,781 0 0
EBAY INC COM 278642103 46,920 854,800 SH   SOLE NONE 854,800 0 0
ELLINGTON FINANCIAL LLC COM 288522303 8,445 372,530 SH   SOLE NONE 372,530 0 0
ENERGY XXI BERMUDA USD UNRS SHS G10082140 46,566 1,720,860 SH   SOLE NONE 1,720,860 0 0
EXPRESS SCRIPTS HOLDING CO COM 30219G108 12,159 173,100 SH   SOLE NONE 173,100 0 0
FREEPORT-MCMORAN COPPER COM 35671D857 109,476 2,900,800 SH   SOLE NONE 2,900,800 0 0
GAMING AND LEISURE PROPERTIE COM 36467J108 112,879 2,221,587 SH   SOLE NONE 2,221,587 0 0
GANNETT CO COM 364730101 6,219 210,231 SH   SOLE NONE 210,231 0 0
GENERAL MOTORS CO COM 37045V100 42,766 1,046,400 SH   SOLE NONE 1,046,400 0 0
HALLIBURTON CO COM 406216101 179,777 3,542,400 SH   SOLE NONE 3,542,400 0 0
HARBINGER GROUP INC COM 41146A106 59,250 5,000,000 SH   SOLE NONE 5,000,000 0 0
HARBINGER GROUP INC COM 41146A106 17,775 1,500,000 SH   SOLE NONE 1,500,000 0 0
HCA HOLDINGS INC COM 40412C101 120,802 2,532,000 SH   SOLE NONE 2,532,000 0 0
INTERCONTINENTALEXCHANGE GRO COM 45866F104 96,214 427,770 SH   SOLE NONE 427,770 0 0
ISHARES MSCI MEXICO CAPPED MSCI MEX CAP ETF 464286822 5,100 75,000 SH   SOLE NONE 75,000 0 0
JPMORGAN CHASE & CO COM 46625H100 4,059 69,400 SH   SOLE NONE 69,400 0 0
KAR AUCTION SERVICES INC COM 48238T109 34,641 1,172,300 SH   SOLE NONE 1,172,300 0 0
KINDER MORGAN INC COM 49456B101 130,383 3,621,759 SH   SOLE NONE 3,621,759 0 0
KKR & CO LP COM UNITS 48248M102 39,931 1,640,540 SH   SOLE NONE 1,640,540 0 0
KKR FINANCIAL HOLDINGS LLC COM 48248A306 183,558 15,058,073 SH   SOLE NONE 15,058,073 0 0
LENNAR CORP CL A 526057104 16,813 425,000 SH   SOLE NONE 425,000 0 0
LIN MEDIA LLC CL A COM 532771102 17,226 600,000 SH   SOLE NONE 600,000 0 0
LINN ENERGY LLC UNIT LTD LIAB 536020100 78,589 2,552,419 SH   SOLE NONE 2,552,419 0 0
LORAL SPACE & COMMUNICATIONS COM 543881106 61,121 754,766 SH   SOLE NONE 754,766 0 0
LYONDELLBASELL INDU SHS - A - N53745100 152,294 1,897,033 SH   SOLE NONE 1,897,033 0 0
MCKESSON CORP COM 58155Q103 111,928 693,482 SH   SOLE NONE 693,482 0 0
METLIFE INC COM 59156R108 7,166 132,900 SH   SOLE NONE 132,900 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 222,973 3,303,301 SH   SOLE NONE 3,303,301 0 0
NEW RESIDENTIAL INVESTMENT COM 64828T102 51,810 7,755,999 SH   SOLE NONE 7,755,999 0 0
NEWCASTLE INVESTMENT CORP COM 65105M108 68,706 11,969,619 SH   SOLE NONE 11,969,619 0 0
PENNYMAC FINANCIAL SERVICE CL A 70932B101 48,431 2,759,600 SH   SOLE NONE 2,759,600 0 0
PENNYMAC MORTGAGE INVESTMENT COM 70931T103 57,508 2,504,701 SH   SOLE NONE 2,504,701 0 0
PVH CORP COM 693656100 64,882 477,000 SH   SOLE NONE 477,000 0 0
QUALCOMM INC COM 747525103 194,527 2,619,887 SH   SOLE NONE 2,619,887 0 0
REALOGY HOLDINGS CORP COM 75605Y106 92,367 1,867,140 SH   SOLE NONE 1,867,140 0 0
RESOURCE AMERICA INC CL A 761195205 4,377 467,600 SH   SOLE NONE 467,600 0 0
RESOURCE CAPITAL CORP COM 76120W302 5,930 1,000,000 SH   SOLE NONE 1,000,000 0 0
SANDRIDGE ENERGY INC COM 80007P307 246,033 40,532,663 SH   SOLE NONE 40,532,663 0 0
SILVER BAY REALTY TRUST CORP COM 82735Q102 78 4,882 SH   SOLE NONE 4,882 0 0
SIRIUS XM HOLDINGS INC COM 82968B103 273,941 78,493,003 SH   SOLE NONE 78,493,003 0 0
SLM CORP COM 78442P106 278,594 10,600,994 SH   SOLE NONE 10,600,994 0 0
SPRINT CORP COM SER 1 85207U105 436,008 40,558,858 SH   SOLE NONE 40,558,858 0 0
SUNEDISON INC COM 86732Y109 105,746 8,103,148 SH   SOLE NONE 8,103,148 0 0
SUPERVALU INC COM 868536103 26,706 3,663,319 SH   SOLE NONE 3,663,319 0 0
TEEKAY LNG PARTNERS LP PRTNRSP UNITS Y8564M105 854 20,000 SH   SOLE NONE 20,000 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 91,864 825,000 SH   SOLE NONE 825,000 0 0
THL CREDIT INC COM 872438106 15,388 933,170 SH   SOLE NONE 933,170 0 0
T-MOBILE US INC COM 872590104 102,270 3,040,145 SH   SOLE NONE 3,040,145 0 0
TRANSOCEAN LTD REG SHS H8817H100 142,455 2,882,545 SH   SOLE NONE 2,882,545 0 0
TWO HARBORS INVESTMENT CORP COM 90187B101 928 100,000 SH   SOLE NONE 100,000 0 0
UNITED CONTINENTAL HOLDINGS COM 910047109 44,552 1,177,700 SH   SOLE NONE 1,177,700 0 0
UNITEDHEALTH GROUP INC COM 91324P102 101,808 1,352,033 SH   SOLE NONE 1,352,033 0 0
WEYERHAEUSER CO COM 962166104 75,648 2,396,203 SH   SOLE NONE 2,396,203 0 0
WILLIAMS COS INC COM 969457100 21,214 550,000 SH   SOLE NONE 550,000 0 0
WPX ENERGY INC COM 98212B103 45,416 2,228,482 SH   SOLE NONE 2,228,482 0 0
XL GROUP PLC SHS G98290102 102,202 3,209,872 SH   SOLE NONE 3,209,872 0 0