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
ACTAVIS PLC SHS G0083B108 54,364 264,093 SH   SOLE NONE 264,093 0 0
ADT CORP/THE COM 00101J106 80,483 2,687,244 SH   SOLE NONE 2,687,244 0 0
ASSURED GUARANTY LTD COM G0585R106 57,044 2,252,913 SH   SOLE NONE 2,252,913 0 0
AMERICAN INTERNATIONAL GROUP COM NEW 026874784 286,712 5,733,100 SH   SOLE NONE 5,733,100 0 0
APOLLO INVESTMENT CORP COM 03761U106 1,247 150,000 SH   SOLE NONE 150,000 0 0
ANADARKO PETROLEUM CORP COM 032511107 19,524 230,349 SH   SOLE NONE 230,349 0 0
ATLAS PIPELINE PARTNERS LP UNT LP INT 049392103 107,809 3,357,502 SH   SOLE NONE 3,357,502 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 89,012 4,260,994 SH   SOLE NONE 4,260,994 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 20,247 969,200 SH   SOLE NONE 969,200 0 0
ALTISOURCE PORTFOLIO SOL REG SHS L0175J104 130,157 1,069,840 SH   SOLE NONE 1,069,840 0 0
ATLAS ENERGY LP COM UNITS LP 04930A104 165,951 3,855,740 SH   SOLE NONE 3,855,740 0 0
BOSTON SCIENTIFIC CORP COM 101137107 115,367 8,533,099 SH   SOLE NONE 8,533,099 0 0
CITIGROUP INC COM NEW 172967424 255,136 5,360,000 SH   SOLE NONE 5,360,000 0 0
CAESARS ACQUISITION CO CL A 12768T103 4,303 302,780 SH   SOLE NONE 302,780 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 93,291 1,510,300 SH   SOLE NONE 1,510,300 0 0
COBALT INTERNATIONAL ENERGY COM 19075F106 25,470 1,390,263 SH   SOLE NONE 1,390,263 0 0
CHIMERA INVESTMENT CORP COM 16934Q109 202,490 66,173,233 SH   SOLE NONE 66,173,233 0 0
COMCAST CORP CL A SPL 20030N200 24,507 502,600 SH   SOLE NONE 502,600 0 0
CENTER BANCORP INC COM 151408101 10,355 545,000 SH   SOLE NONE 545,000 0 0
CAPITAL ONE FINANCIAL CORP COM 14040H105 125,011 1,620,155 SH   SOLE NONE 1,620,155 0 0
CAESARS ENTERTAINMENT CORP COM 127686103 135,873 7,147,463 SH   SOLE NONE 7,147,463 0 0
DOLLAR GENERAL CORP COM 256677105 92,657 1,670,100 SH   SOLE NONE 1,670,100 0 0
DISH NETWORK COR CL A 25470M109 194,001 3,118,479 SH   SOLE NONE 3,118,479 0 0
DENBURY RESOURCES INC COM NEW 247916208 103,651 6,320,207 SH   SOLE NONE 6,320,207 0 0
EBAY INC COM 278642103 160,533 2,906,100 SH   SOLE NONE 2,906,100 0 0
ELLINGTON FINANCIAL LLC COM 288522303 8,874 372,530 SH   SOLE NONE 372,530 0 0
EASTMAN CHEMICAL CO COM 277432100 156,204 1,811,898 SH   SOLE NONE 1,811,898 0 0
ENLINK MIDSTREAM PARTNERS LP COM UNIT REP LTD 29336U107 703 23,100 SH   SOLE NONE 23,100 0 0
EXPRESS SCRIPTS HOLDING CO COM 30219G108 10,610 141,300 SH   SOLE NONE 141,300 0 0
E*TRADE FINANCIAL CORP COM NEW 269246401 135,404 5,882,027 SH   SOLE NONE 5,882,027 0 0
ENERGY XXI BERMUDA USD UNRS SHS G10082140 33,007 1,400,383 SH   SOLE NONE 1,400,383 0 0
FREEPORT-MCMORAN COPPER COM 35671D857 98,747 2,986,000 SH   SOLE NONE 2,986,000 0 0
GAMING AND LEISURE PROPERTIE COM 36467J108 117,117 3,212,209 SH   SOLE NONE 3,212,209 0 0
HALLIBURTON CO COM 406216101 208,741 3,544,600 SH   SOLE NONE 3,544,600 0 0
HCA HOLDINGS INC COM 40412C101 136,684 2,603,500 SH   SOLE NONE 2,603,500 0 0
HARBINGER GROUP INC COM 41146A106 65,361 5,344,300 SH   SOLE NONE 5,344,300 0 0
HARBINGER GROUP INC COM 41146A106 85,610 7,000,000 SH   SOLE NONE 7,000,000 0 0
INTERCONTINENTALEXCHANGE GRO COM 45866F104 85,101 430,170 SH   SOLE NONE 430,170 0 0
JPMORGAN CHASE & CO COM 46625H100 101,568 1,673,000 SH   SOLE NONE 1,673,000 0 0
KAR AUCTION SERVICES INC COM 48238T109 57,616 1,898,392 SH   SOLE NONE 1,898,392 0 0
KKR FINANCIAL HOLDINGS LLC COM 48248A306 157,461 13,609,426 SH   SOLE NONE 13,609,426 0 0
KINDER MORGAN INC COM 49456B101 108,892 3,351,559 SH   SOLE NONE 3,351,559 0 0
LIN MEDIA LLC CL A COM 532771102 28,393 1,071,448 SH   SOLE NONE 1,071,448 0 0
LINN ENERGY LLC-UNITS UNIT LTD LIAB 536020100 71,313 2,518,119 SH   SOLE NONE 2,518,119 0 0
LORAL SPACE & COMMUNICATIONS COM 543881106 54,240 766,866 SH   SOLE NONE 766,866 0 0
LYONDELLBASELL INDU SHS - A - N53745100 150,827 1,695,833 SH   SOLE NONE 1,695,833 0 0
MCKESSON CORP COM 58155Q103 125,538 710,982 SH   SOLE NONE 710,982 0 0
AG MORTGAGE INVESTMENT TRUST COM 001228105 3,502 200,000 SH   SOLE NONE 200,000 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 201,027 3,126,876 SH   SOLE NONE 3,126,876 0 0
NEWCASTLE INVESTMENT CORP COM 65105M108 56,612 12,045,019 SH   SOLE NONE 12,045,019 0 0
NEW MEDIA INVESTMENT GROUP COM 64704V106 58,658 3,905,330 SH   SOLE NONE 3,905,330 0 0
NATIONAL OILWELL VARCO INC COM 637071101 14,266 183,200 SH   SOLE NONE 183,200 0 0
NEW RESIDENTIAL INVESTMENT COM 64828T102 73,525 11,363,944 SH   SOLE NONE 11,363,944 0 0
OCWEN FINANCIAL CORP COM NEW 675746309 8,710 222,300 SH   SOLE NONE 222,300 0 0
PLATFORM SPECIALTY PRODUCTS COM NEW 72766Q105 5,080 266,666 SH   SOLE NONE 266,666 0 0
PENNYMAC FINANCIAL SERVICE CL A 70932B101 54,772 3,291,600 SH   SOLE NONE 3,291,600 0 0
PENNYMAC MORTGAGE INVESTMENT COM 70931T103 59,862 2,504,701 SH   SOLE NONE 2,504,701 0 0
PVH CORP COM 693656100 67,264 539,101 SH   SOLE NONE 539,101 0 0
QUALCOMM INC COM 747525103 158,791 2,013,587 SH   SOLE NONE 2,013,587 0 0
RESOURCE AMERICA INC CL A 761195205 3,414 398,349 SH   SOLE NONE 398,349 0 0
TRANSOCEAN LTD REG SHS H8817H100 98,494 2,382,545 SH   SOLE NONE 2,382,545 0 0
REALOGY HOLDINGS CORP COM 75605Y106 115,588 2,660,256 SH   SOLE NONE 2,660,256 0 0
RESOURCE CAPITAL CORP COM 76120W302 5,570 1,000,000 SH   SOLE NONE 1,000,000 0 0
SPRINT CORP COM SER 1 85207U105 397,334 43,235,421 SH   SOLE NONE 43,235,421 0 0
SILVER BAY REALTY TRUST CORP COM 82735Q102 76 4,882 SH   SOLE NONE 4,882 0 0
SANDRIDGE ENERGY INC COM 80007P307 293,193 47,751,363 SH   SOLE NONE 47,751,363 0 0
SIRIUS XM HOLDINGS INC COM 82968B103 275,252 86,016,228 SH   SOLE NONE 86,016,228 0 0
SLM CORP COM 78442P106 259,025 10,581,096 SH   SOLE NONE 10,581,096 0 0
SUNPOWER CORP COM 867652406 45,058 1,396,729 SH   SOLE NONE 1,396,729 0 0
SUNEDISON INC COM 86732Y109 140,721 7,469,248 SH   SOLE NONE 7,469,248 0 0
SUPERVALU INC COM 868536103 17,794 2,601,436 SH   SOLE NONE 2,601,436 0 0
THL CREDIT INC COM 872438106 12,878 933,170 SH   SOLE NONE 933,170 0 0
TEEKAY LNG PARTNERS LP PRTNRSP UNITS Y8564M105 827 20,000 SH   SOLE NONE 20,000 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 101,939 847,800 SH   SOLE NONE 847,800 0 0
TIME WARNER CABLE COM 88732J207 73,254 534,000 SH   SOLE NONE 534,000 0 0
TWO HARBORS INVESTMENT CORP COM 90187B101 1,025 100,000 SH   SOLE NONE 100,000 0 0
UNITED CONTINENTAL HOLDINGS COM 910047109 52,940 1,186,200 SH   SOLE NONE 1,186,200 0 0
UNITEDHEALTH GROUP INC COM 91324P102 111,698 1,362,333 SH   SOLE NONE 1,362,333 0 0
WPX ENERGY INC COM 98212B103 68,782 3,814,861 SH   SOLE NONE 3,814,861 0 0
WEYERHAEUSER CO COM 962166104 56,187 1,914,368 SH   SOLE NONE 1,914,368 0 0
XL GROUP PLC SHS G98290102 97,130 3,108,172 SH   SOLE NONE 3,108,172 0 0