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
Ashford Hospitality Prime Inc- PFD 044102507 1,289 64,679 SH   SOLE   64,679 0 0
Abbott Laboratories COM 002824100 12,762 262,554 SH   SOLE   262,554 0 0
AGCO Corp COM 001084102 647 9,607 SH   SOLE   9,607 0 0
Air Lease Corp COM 00912X302 2,269 60,760 SH   SOLE   60,760 0 0
Allergan PLC COM G0177J108 636 2,620 SH   SOLE   2,620 0 0
Allison Transmission Holdings COM 01973R101 1,732 46,196 SH   SOLE   46,196 0 0
Antero Resources Corporation COM 03674x106 5,359 248,002 SH   SOLE   248,002 0 0
Apple Inc COM 037833100 488 3,394 SH   SOLE   3,394 0 0
Atara Biotherapeutics Inc COM 046513107 317 22,700 SH   SOLE   22,700 0 0
Bank of America Corp COM 060505104 3,029 124,872 SH   SOLE   124,872 0 0
Barrick Gold Corp COM 067901108 12,152 763,806 SH   SOLE   763,806 0 0
Berkshire Hathaway Inc COM 084670702 628 3,713 SH   SOLE   3,713 0 0
Boeing Co/The COM 097023105 254 1,289 SH   SOLE   1,289 0 0
Cameco Corp COM 13321l108 7,946 873,262 SH   SOLE   873,262 0 0
CARBO Ceramics Inc COM 140781105 365 53,289 SH   SOLE   53,289 0 0
Caterpillar Inc COM 149123101 444 4,140 SH   SOLE   4,140 0 0
Cheniere Energy Inc COM 16411R208 8,431 173,097 SH   SOLE   173,097 0 0
Chesapeake Energy Corp COM 165167107 5,462 1,099,077 SH   SOLE   1,099,077 0 0
Chevron Corp COM 166764100 3,493 33,485 SH   SOLE   33,485 0 0
Colfax Corp COM 194014106 2,139 54,348 SH   SOLE   54,348 0 0
DISH Network Corp COM 25470M109 1,477 23,536 SH   SOLE   23,536 0 0
East West Bancorp Inc COM 27579R104 4,284 73,132 SH   SOLE   73,132 0 0
Enphase Energy Inc COM 29355A107 902 1,043,655 SH   SOLE   1,043,655 0 0
Freeport-McMoRan Inc COM 35671D857 4,657 387,766 SH   SOLE   387,766 0 0
General Electric Co COM 369604103 3,850 142,555 SH   SOLE   142,555 0 0
Goldcorp Inc COM 380956409 4,188 324,418 SH   SOLE   324,418 0 0
Green Brick Partners Inc COM 392709101 1,411 123,263 SH   SOLE   123,263 0 0
Heron Therapeutics, Inc COM 427746102 173 12,549 SH   SOLE   12,549 0 0
IDT Corporation COM 448947507 2,719 189,267 SH   SOLE   189,267 0 0
Intrepid Potash Inc COM 46121Y102 1,930 854,203 SH   SOLE   854,203 0 0
Kennedy-Wilson Holdings Inc COM 489398107 442 23,254 SH   SOLE   23,254 0 0
Keryx Biopharmaceuticals Inc COM 492515101 5,681 785,836 SH   SOLE   785,836 0 0
Kinross Gold Corp COM 496902404 1,111 273,168 SH   SOLE   273,168 0 0
Leucadia National Corp COM 527288104 6,709 256,492 SH   SOLE   256,492 0 0
Liberty Global PLC COM G5480U120 858 27,530 SH   SOLE   27,530 0 0
Liberty LiLAC Group - C COM G5480U153 273 12,769 SH   SOLE   12,769 0 0
Liberty Media Corp - Liberty F COM 531229854 5,550 151,576 SH   SOLE   151,576 0 0
Liberty SiriusXM Group - Cl C COM 531229607 920 22,076 SH   SOLE   22,076 0 0
Lions Gate Entertainment Corp COM 535919401 5,244 185,860 SH   SOLE   185,860 0 0
Lions Gate Entertainment Corp COM 535919500 1,127 42,903 SH   SOLE   42,903 0 0
Medicines Co/The COM 584688105 366 9,640 SH   SOLE   9,640 0 0
New Gold Inc COM 644535106 41 13,111 SH   SOLE   13,111 0 0
NMI Holdings Inc COM 629209305 4,587 400,634 SH   SOLE   400,634 0 0
Novagold Resources Inc COM 66987e206 5,089 1,116,103 SH   SOLE   1,116,103 0 0
Oaktree Capital Group LLC COM 674001201 1,351 29,000 SH   SOLE   29,000 0 0
Opko Health Inc COM 68375N103 360 54,805 SH   SOLE   54,805 0 0
Orexigen Therapeutics Inc COM 686164302 527 181,874 SH   SOLE   181,874 0 0
PBF Energy Inc COM 69318G106 10,695 480,459 SH   SOLE   480,459 0 0
Sears Holdings Corp COM 812350106 3,942 444,999 SH   SOLE   444,999 0 0
Sears Holdings Corp COM 812350106 6,467 730,000 SH Call SOLE   730,000 0 0
Starwood Property Trust, Inc COM 85571B105 1,944 86,863 SH   SOLE   86,863 0 0
SunOpta Inc. COM 8676ep108 352 34,562 SH   SOLE   34,562 0 0
Theravance Biopharma Inc COM G8807B106 4,811 120,777 SH   SOLE   120,777 0 0
Twenty-First Century Fox Inc COM 90130A200 846 30,366 SH   SOLE   30,366 0 0
Virtu Financial Inc COM 928254101 7,339 415,845 SH   SOLE   415,845 0 0
Wells Fargo & Co COM 949746101 367 6,637 SH   SOLE   6,637 0 0
Western Union Co/The COM 959802109 844 44,347 SH   SOLE   44,347 0 0
WMIH Corp COM 92936P100 611 488,816 SH   SOLE   488,816 0 0
Zedge, Inc. COM 98923t104 1,304 590,197 SH   SOLE   590,197 0 0
ZIOPHARM Oncology Inc COM 98973P101 182 29,414 SH   SOLE   29,414 0 0
NuStar Energy LP LP 67058H102 932 20,000 SH   SOLE   20,000 0 0
Plains GP Holdings LP LP 72651A207 2,210 84,492 SH   SOLE   84,492 0 0
Ashford Hospitality Prime Inc UNIT 044102101 1,334 129,641 SH   SOLE   129,641 0 0
Seritage Growth Properties UNIT 81752R100 1,110 26,476 SH   SOLE   26,476 0 0
Sears Holdings Corp Warrants WT 812350155 214 101,690 SH   SOLE   101,690 0 0
Tsakos Energy Navigation Ltd SHS G9108L108 4,461 929,435 SH   SOLE   929,435 0 0
Brookfield Property Partners L MLP G16249107 1,738 73,452 SH   SOLE   73,452 0 0