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
AMERICAN EXPRESS CO COM 025816109 9,931 100,000 SH Put SOLE   0 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 13,080 219,535 SH   SOLE   219,535 0 0
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 8,338 249,111 SH   SOLE   249,111 0 0
BB&T CORP COM 054937107 5,676 114,160 SH   SOLE   114,160 0 0
BANK AMER CORP COM 060505104 33,677 1,140,812 SH   SOLE   1,140,812 0 0
BANKUNITED INC COM 06652K103 2,520 61,891 SH   SOLE   61,891 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 13,875 70,000 SH Put SOLE   0 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 33,113 1,034,122 SH   SOLE   1,034,122 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 32,660 1,020,000 SH Call SOLE   0 0 0
BOEING CO COM 097023105 1,563 5,300 SH   SOLE   5,300 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 3,150 168,805 SH   SOLE   168,805 0 0
CAPITAL ONE FINL CORP COM 14040H105 9,930 99,714 SH   SOLE   99,714 0 0
CARLYLE GROUP L P COM UTS LTD PTN 14309L102 15,549 679,000 SH   SOLE   679,000 0 0
CITIGROUP INC COM NEW 172967424 6,159 82,775 SH   SOLE   82,775 0 0
CITIZENS FINL GROUP INC COM 174610105 448 10,661 SH   SOLE   10,661 0 0
DISCOVER FINL SVCS COM 254709108 23,575 306,486 SH   SOLE   306,486 0 0
DISCOVER FINL SVCS COM 254709108 3,461 45,000 SH Call SOLE   0 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 5,781 116,615 SH   SOLE   116,615 0 0
ENCORE CAP GROUP INC COM 292554102 975 23,150 SH   SOLE   23,150 0 0
ENCORE CAP GROUP INC NOTE 2.875% 3/1 292554AH5 4,550 4,526,000 PRN   SOLE   4,526,000 0 0
FNB CORP PA COM 302520101 2,376 171,910 SH   SOLE   171,910 0 0
FIRST BANCORP P R COM NEW 318672706 463 90,762 SH   SOLE   90,762 0 0
GENERAL DYNAMICS CORP COM 369550108 875 4,300 SH   SOLE   4,300 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 5,726 22,475 SH   SOLE   22,475 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 637 2,500 SH Call SOLE   0 0 0
HUNTINGTON BANCSHARES INC COM 446150104 18,310 1,257,575 SH   SOLE   1,257,575 0 0
IBERIABANK CORP COM 450828108 2,333 30,100 SH   SOLE   30,100 0 0
ICICI BK LTD ADR 45104G104 6,562 674,398 SH   SOLE   674,398 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 16,586 352,000 SH   SOLE   352,000 0 0
JPMORGAN CHASE & CO COM 46625H100 2,560 23,942 SH   SOLE   23,942 0 0
KKR & CO L P DEL COM UNITS 48248M102 27,548 1,308,063 SH   SOLE   1,308,063 0 0
KKR & CO L P DEL COM UNITS 48248M102 21,060 1,000,000 SH Call SOLE   0 0 0
KEYCORP NEW COM 493267108 11,397 565,069 SH   SOLE   565,069 0 0
LOCKHEED MARTIN CORP COM 539830109 979 3,050 SH   SOLE   3,050 0 0
METLIFE INC COM 59156R108 6,544 129,440 SH   SOLE   129,440 0 0
NORTHROP GRUMMAN CORP COM 666807102 967 3,150 SH   SOLE   3,150 0 0
OCEANFIRST FINL CORP COM 675234108 2,196 83,650 SH   SOLE   83,650 0 0
OCH ZIFF CAP MGMT GROUP CL A 67551U105 4,159 1,663,400 SH   SOLE   1,663,400 0 0
PENNYMAC CORP NOTE 5.375% 5/0 70932AAB9 30,089 30,690,000 PRN   SOLE   30,690,000 0 0
POPULAR INC COM NEW 733174700 3,227 90,913 SH   SOLE   90,913 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 54,516 350,000 SH Put SOLE   0 0 0
RAYTHEON CO COM NEW 755111507 967 5,150 SH   SOLE   5,150 0 0
REGIONS FINL CORP NEW COM 7591EP100 5,450 315,396 SH   SOLE   315,396 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 3,266 40,000 SH Put SOLE   0 0 0
SLM CORP COM 78442P106 1,448 128,112 SH   SOLE   128,112 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 7,964 135,321 SH   SOLE   135,321 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 5,598 40,781 SH   SOLE   40,781 0 0
US BANCORP DEL COM NEW 902973304 850 15,856 SH   SOLE   15,856 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,014 7,950 SH   SOLE   7,950 0 0
VOYA FINL INC COM 929089100 23,540 475,854 SH   SOLE   475,854 0 0
WELLS FARGO CO NEW COM 949746101 41,575 685,260 SH   SOLE   685,260 0 0
WELLS FARGO CO NEW *W EXP 10/28/201 949746804 33,667 25,700 SH   SOLE   25,700 0 0
ATHENE HLDG LTD CL A G0684D107 2,231 43,150 SH   SOLE   43,150 0 0
LAZARD LTD SHS A G54050102 15,161 288,777 SH   SOLE   288,777 0 0
AGNC INVT CORP COM 00123Q104 2,108 104,383 SH   SOLE   104,383 0 0
ONEMAIN HLDGS INC COM 68268W103 6,225 239,500 SH   SOLE   239,500 0 0