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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 38,798 490,925 SH   DFND 1 490,925 0 0
AMAZON COM INC COM 023135106 12,980 21,865 SH   DFND 1 21,865 0 0
AMAZON COM INC COM 023135106 338,197 569,700 SH Call DFND 1 0 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 96,994 2,365,125 SH   DFND 1 2,365,125 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 2,329 125,000 SH   DFND 1 125,000 0 0
AMERICAN CAP MTG INVT CORP COM 02504A104 764 52,000 SH   DFND 1 52,000 0 0
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 2,312 135,000 SH   DFND 1 135,000 0 0
APPLE INC COM 037833100 44,254 406,030 SH   DFND 1 406,030 0 0
APPLE INC COM 037833100 178,515 1,637,900 SH Call DFND 1 0 0 0
BGC PARTNERS INC CL A 05541T101 2,049 226,400 SH   DFND 1 226,400 0 0
BANK AMER CORP COM 060505104 57,480 4,251,425 SH   DFND 1 4,251,425 0 0
CIGNA CORPORATION COM 125509109 41,518 302,520 SH   DFND 1 302,520 0 0
CYS INVTS INC COM 12673A108 2,035 250,000 SH   DFND 1 250,000 0 0
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 1,469 125,000 SH   DFND 1 125,000 0 0
CAPITALA FIN CORP COM 14054R106 1,794 149,500 SH   DFND 1 149,500 0 0
CAPSTEAD MTG CORP COM NO PAR 14067E506 1,039 105,000 SH   DFND 1 105,000 0 0
CARLYLE GROUP L P COM UTS LTD PTN 14309L102 1,182 70,000 SH   DFND 1 70,000 0 0
CHIMERA INVT CORP COM NEW 16934Q208 2,447 180,000 SH   DFND 1 180,000 0 0
CITIGROUP INC COM NEW 172967424 45,842 1,098,000 SH   DFND 1 1,098,000 0 0
COMMUNICATIONS SALES&LEAS IN COM 20341J104 756 33,940 SH   DFND 1 33,940 0 0
COMPASS DIVERSIFIED HOLDINGS SH BEN INT 20451Q104 1,409 90,000 SH   DFND 1 90,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 115,096 2,364,325 SH   DFND 1 2,364,325 0 0
ENDURANCE INTL GROUP HLDGS I COM 29272B105 60,274 5,724,025 SH   DFND 1 5,724,025 0 0
FIFTH STREET FINANCE CORP COM 31678A103 151 30,000 SH   DFND 1 30,000 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 2,390 500,000 SH   DFND 1 500,000 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 2,786 280,000 SH   DFND 1 280,000 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 1,817 325,000 SH   DFND 1 325,000 0 0
FRONTIER COMMUNICATIONS CORP PFD CONV SER-A 35906A207 2,924 28,000 SH   DFND 1 28,000 0 0
GAMESTOP CORP NEW CL A 36467W109 46,016 1,450,225 SH   DFND 1 1,450,225 0 0
GENERAL MTRS CO COM 37045V100 16,741 532,625 SH   DFND 1 532,625 0 0
GENWORTH FINL INC COM CL A 37247D106 43,481 15,926,775 SH   DFND 1 15,926,775 0 0
GILEAD SCIENCES INC COM 375558103 48,105 523,675 SH   DFND 1 523,675 0 0
GROUPON INC COM CL A 399473107 26,434 6,625,000 SH   DFND 1 6,625,000 0 0
HATTERAS FINL CORP COM 41902R103 2,860 200,000 SH   DFND 1 200,000 0 0
INTREXON CORP COM 46122T102 113,404 3,346,225 SH   DFND 1 3,346,225 0 0
IRIDIUM COMMUNICATIONS INC PERP PFD CNV B 46269C409 763 2,600 SH   DFND 1 2,600 0 0
JMP GROUP LLC COM 46629U107 1,569 300,000 SH   DFND 1 300,000 0 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 45,177 2,552,325 SH   DFND 1 2,552,325 0 0
JD COM INC SPON ADR CL A 47215P106 38,732 1,461,550 SH   DFND 1 1,461,550 0 0
KB HOME COM 48666K109 54,513 3,817,400 SH   DFND 1 3,817,400 0 0
LENNAR CORP CL A 526057104 92,635 1,915,525 SH   DFND 1 1,915,525 0 0
MGIC INVT CORP WIS COM 552848103 67,955 8,859,750 SH   DFND 1 8,859,750 0 0
MVC CAPITAL INC COM 553829102 1,064 142,600 SH   DFND 1 142,600 0 0
NATIONSTAR MTG HLDGS INC COM 63861C109 26,304 2,656,950 SH   DFND 1 2,656,950 0 0
NEW MEDIA INVT GROUP INC COM 64704V106 3,744 225,000 SH   DFND 1 225,000 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 2,021 173,750 SH   DFND 1 173,750 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 2,801 213,450 SH   DFND 1 213,450 0 0
OCI PARTNERS LP COM UNIT REP LP 67091N108 1,830 242,000 SH   DFND 1 242,000 0 0
ONEMAIN HLDGS INC COM 68268W103 72,321 2,636,550 SH   DFND 1 2,636,550 0 0
PANDORA MEDIA INC COM 698354107 54,377 6,075,575 SH   DFND 1 6,075,575 0 0
PENNYMAC MTG INVT TR COM 70931T103 1,910 140,000 SH   DFND 1 140,000 0 0
PENNYMAC FINL SVCS INC CL A 70932B101 18,770 1,596,075 SH   DFND 1 1,596,075 0 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 68,817 8,001,950 SH   DFND 1 8,001,950 0 0
PULTE GROUP INC COM 745867101 86,134 4,603,625 SH   DFND 1 4,603,625 0 0
QUOTIENT TECHNOLOGY INC COM 749119103 71,094 6,706,925 SH   DFND 1 6,706,925 0 0
RADIAN GROUP INC COM 750236101 21,602 1,742,075 SH   DFND 1 1,742,075 0 0
STARWOOD PPTY TR INC COM 85571B105 2,749 145,200 SH   DFND 1 145,200 0 0
TRI POINTE GROUP INC COM 87265H109 26,205 2,224,475 SH   DFND 1 2,224,475 0 0
TAYLOR MORRISON HOME CORP CL A 87724P106 34,360 2,433,425 SH   DFND 1 2,433,425 0 0
TRIANGLE CAP CORP COM 895848109 3,639 176,778 SH   DFND 1 176,778 0 0
TRIPLEPOINT VENTURE GROWTH B COM 89677Y100 1,200 114,266 SH   DFND 1 114,266 0 0
TWITTER INC COM 90184L102 33,599 2,030,099 SH   DFND 1 2,030,099 0 0
TWITTER INC COM 90184L102 65,505 3,958,000 SH Call DFND 1 0 0 0
UNITED CONTL HLDGS INC COM 910047109 98,376 1,643,425 SH   DFND 1 1,643,425 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 41,579 1,580,950 SH   DFND 1 1,580,950 0 0
VEREIT INC COM 92339V100 4,302 485,000 SH   DFND 1 485,000 0 0
ZIOPHARM ONCOLOGY INC COM 98973P101 40,577 5,468,521 SH   DFND 1 5,468,521 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 29,558 857,975 SH   DFND 1 857,975 0 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 49,206 6,104,900 SH   DFND 1 6,104,900 0 0
NXP SEMICONDUCTORS N V COM N6596X109 75,343 929,350 SH   DFND 1 929,350 0 0