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
AES CORP COM 00130H105 21 900 SH   SOLE NONE 900 0 0
ALPHABET INC CAP STK CL A 02079K305 105,158 60,000 SH   SOLE NONE 60,000 0 0
AMAZON.COM INC COM 023135106 37,455 11,500 SH   SOLE NONE 11,500 0 0
AMC NETWORKS INC CL A 00164V103 17,885 500,000 SH   SOLE NONE 500,000 0 0
ARBOR REALTY TRUST INC COM 038923108 33,026 2,329,082 SH   SOLE NONE 2,329,082 0 0
ASHLAND GLOBAL HOLDINGS INC COM 044186104 63,516 801,965 SH   SOLE NONE 801,965 0 0
ASPEN GROUP INC COM 04530L203 11,130 1,000,000 SH   SOLE NONE 1,000,000 0 0
ASSOCIATED CAPITAL GROUP CL A 045528106 302 8,600 SH   SOLE NONE 8,600 0 0
ATHENE HOLDING LTD CL A G0684D107 47,454 1,100,000 SH   SOLE NONE 1,100,000 0 0
B&G FOODS INC COM 05508R106 1,387 50,000 SH   SOLE NONE 50,000 0 0
BARINGS BDC INC COM 06759L103 15,285 1,661,461 SH   SOLE NONE 1,661,461 0 0
BRIGHAM MINERALS INC CL A COM 10918L103 4,258 387,429 SH   SOLE NONE 387,429 0 0
CHIMERA INVESTMENT CORP COM 16934Q208 34,824 3,397,500 SH   SOLE NONE 3,397,500 0 0
CIGNA CORP COM 125523100 88,477 425,000 SH   SOLE NONE 425,000 0 0
CITIGROUP INC COM 172967424 22,814 370,000 SH   SOLE NONE 370,000 0 0
COMCAST CORP CL A 20030N101 7,860 150,000 SH   SOLE NONE 150,000 0 0
DIAMEDICA THERAPEUTICS INC COM 25253X207 304 30,000 SH   SOLE NONE 30,000 0 0
ELLINGTON FINANCIAL INC COM 28852N109 11,278 760,000 SH   SOLE NONE 760,000 0 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 39,861 6,450,000 SH   SOLE NONE 6,450,000 0 0
ENTERPRISE PRODUCTS PARTNERS COM 293792107 9,795 500,000 SH   SOLE NONE 500,000 0 0
FACEBOOK INC CL A 30303M102 7,375 27,000 SH   SOLE NONE 27,000 0 0
FALCON MINERALS CORP CL A COM 30607B109 3,637 1,154,672 SH   SOLE NONE 1,154,672 0 0
FERRO CORP COM 315405100 48,584 3,320,869 SH   SOLE NONE 3,320,869 0 0
FIRST EAGLE ALTERNATIVE CAPI COM 26943B100 10,575 2,897,220 SH   SOLE NONE 2,897,220 0 0
FISERV INC COM 337738108 117,344 1,030,600 SH   SOLE NONE 1,030,600 0 0
GAMCO INVESTORS INC CL A COM 361438104 153 8,600 SH   SOLE NONE 8,600 0 0
GANNETT CO INC COM 36472T109 5,191 1,545,062 SH   SOLE NONE 1,545,062 0 0
GENERAL MOTORS CO COM 37045V100 15,615 375,000 SH   SOLE NONE 375,000 0 0
MAGNOLIA OIL & GAS CORP CL A 559663109 16,908 2,394,950 SH   SOLE NONE 2,394,950 0 0
MICROSOFT CORP COM 594918104 54,650 245,705 SH   SOLE NONE 245,705 0 0
MOTOROLA SOLUTIONS INC COM 620076307 17,006 100,000 SH   SOLE NONE 100,000 0 0
MP MATERIALS CORP COM CL A 553368101 78,044 2,426,000 SH   SOLE NONE 2,426,000 0 0
MR COOPER GROUP INC COM 62482R107 155,114 4,998,831 SH   SOLE NONE 4,998,831 0 0
NABORS INDUSTRIES LTD SHS G6359F137 582 10,000 SH   SOLE NONE 10,000 0 0
NAVIENT CORP COM 63938C108 32,455 3,305,000 SH   SOLE NONE 3,305,000 0 0
NEW SENIOR INVESTMENT GROUP COM 648691103 25,917 5,003,200 SH   SOLE NONE 5,003,200 0 0
OCWEN FINANCIAL CORP COM 675746606 25,413 879,037 SH   SOLE NONE 879,037 0 0
OWL ROCK CAPITAL CORP COM 69121K104 1,266 100,000 SH   SOLE NONE 100,000 0 0
PARSLEY ENERGY INC CL A 701877102 24,140 1,700,000 SH   SOLE NONE 1,700,000 0 0
SIERRA METALS INC COM 82639W106 3,771 1,135,858 SH   SOLE NONE 1,135,858 0 0
SUNOPTA INC COM 8676EP108 18,672 1,600,000 SH   SOLE NONE 1,600,000 0 0
SURGALIGN HOLDINGS INC COM 86882C105 4,181 1,909,049 SH   SOLE NONE 1,909,049 0 0
TRINITY INDUSTRIES INC COM 896522109 79,698 3,020,000 SH   SOLE NONE 3,020,000 0 0
VERTIV HOLDINGS CO COM CL A 92537N108 24,271 1,300,000 SH   SOLE NONE 1,300,000 0 0
WILLSCOT MOBILE MINI HOLDING COM CL A 971378104 15,062 650,085 SH   SOLE NONE 650,085 0 0
WPX ENERGY INC COM 98212B103 50,416 6,186,000 SH   SOLE NONE 6,186,000 0 0