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
AXALTA COATING SYS LTD COM G0750C108 1,909 66,000 SH   SOLE   66,000 0 0
BONANZA CREEK ENERGY INC COM NEW 097793400 3,702 112,220 SH   SOLE   112,220 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 3,168 105,700 SH   SOLE   105,700 0 0
CENOVUS ENERGY INC COM 15135U109 1,152 115,000 SH   SOLE   115,000 0 0
CHEGG INC COM 163092109 2,374 160,000 SH   SOLE   160,000 0 0
CHESAPEAKE ENERGY CORP COM 165167107 860 200,000 SH   SOLE   200,000 0 0
CHUBB LIMITED COM H1467J104 2,929 20,550 SH   SOLE   20,550 0 0
CLIPPER RLTY INC COM 18885T306 7,933 740,740 SH   SOLE   740,740 0 0
COEUR MNG INC COM NEW 192108504 2,481 270,000 SH   SOLE   270,000 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 3,745 38,060 SH   SOLE   38,060 0 0
DYCOM INDS INC COM 267475101 859 10,000 SH   SOLE   10,000 0 0
ENTEGRIS INC COM 29362U104 865 30,000 SH   SOLE   30,000 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 6,253 312,654 SH   SOLE   312,654 0 0
FACEBOOK INC CL A 30303M102 2,221 13,000 SH   SOLE   13,000 0 0
GASTAR EXPL INC NEW COM 36729W202 18 20,000 SH   SOLE   20,000 0 0
GLOBAL PARTNER ACQUISITION C COM 37954X105 3,009 300,000 SH   SOLE   300,000 0 0
HILTON GRAND VACATIONS INC COM 43283X105 834 21,600 SH   SOLE   21,600 0 0
INDEPENDENCE CONTRACT DRIL I COM 453415309 2,271 597,502 SH   SOLE   597,502 0 0
INDUSTREA ACQUISITION CORP UNIT 07/21/2024 45579J203 1,264 125,000 SH   SOLE   125,000 0 0
INTERXION HOLDING N.V SHS N47279109 4,589 90,100 SH   SOLE   90,100 0 0
ISHARES TR INTRMD CR BD ETF 464288638 10,521 95,502 SH   DFND 1 95,502 0 0
KINDRED BIOSCIENCES INC COM 494577109 1,955 249,100 SH   SOLE   249,100 0 0
LAMB WESTON HLDGS INC COM 513272104 6,703 142,960 SH   SOLE   142,960 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 2,810 93,000 SH   SOLE   93,000 0 0
MICROSOFT CORP COM 594918104 3,598 48,300 SH   SOLE   48,300 0 0
MOHAWK INDS INC COM 608190104 4,171 16,850 SH   SOLE   16,850 0 0
MONARCH CASINO & RESORT INC COM 609027107 802 20,300 SH   SOLE   20,300 0 0
NATIONAL GEN HLDGS CORP COM 636220303 32,667 1,709,430 SH   SOLE   1,709,430 0 0
NEWMONT MINING CORP COM 651639106 5,852 156,000 SH   SOLE   156,000 0 0
NI HLDGS INC COM 65342T106 4,632 258,750 SH   SOLE   258,750 0 0
NOODLES & CO COM CL A 65540B105 395 89,800 SH   SOLE   89,800 0 0
PATTERSON UTI ENERGY INC COM 703481101 4,188 200,000 SH   SOLE   200,000 0 0
PAYPAL HLDGS INC COM 70450Y103 6,230 97,300 SH   SOLE   97,300 0 0
PEPSICO INC COM 713448108 2,199 19,735 SH   SOLE   19,735 0 0
PVH CORP COM 693656100 945 7,500 SH   SOLE   7,500 0 0
S&P GLOBAL INC COM 78409V104 828 5,300 SH   SOLE   5,300 0 0
SHERWIN WILLIAMS CO COM 824348106 2,728 7,620 SH   SOLE   7,620 0 0
SM ENERGY CO COM 78454L100 337 19,000 SH   SOLE   19,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 24,334 96,860 SH   SOLE   96,860 0 0
STANLEY BLACK & DECKER INC COM 854502101 4,559 30,200 SH   SOLE   30,200 0 0
WENDYS CO COM 95058W100 1,708 110,000 SH   SOLE   110,000 0 0
TPG PACE HLDGS CORP UNIT 99/99/9999 G89827102 515 50,000 SH   SOLE   50,000 0 0
ULTRA PETROLEUM CORP COM NEW 903914208 585 67,528 SH   SOLE   67,528 0 0
VIVEVE MED INC COM NEW 92852W204 1,057 201,648 SH   SOLE   201,648 0 0
VULCAN MATLS CO COM 929160109 2,153 18,000 SH   SOLE   18,000 0 0
WELLTOWER INC 6.50% PFD PREPET 95040Q203 278 4,360 SH   DFND 1 4,360 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 5,131 268,800 SH   SOLE   268,800 0 0
WHITING PETE CORP NEW COM 966387102 3,085 565,000 SH   SOLE   565,000 0 0
WPX ENERGY INC COM 98212B103 120 10,430 SH   DFND 1 10,430 0 0