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
ADOBE INC COM 00724F101 10,127 38,000 SH   SOLE NONE 38,000 0 0
AES CORP COM 00130H105 16 900 SH   SOLE NONE 900 0 0
ALPHABET INC CAP STK CL A 02079K305 128,281 109,000 SH   SOLE NONE 109,000 0 0
ALTISOURCE PORTFOLIO SOL REG SHS L1075J104 21,372 902,936 SH   SOLE NONE 902,936 0 0
AMAZON.COM INC COM 023135106 13,356 7,500 SH   SOLE NONE 7,500 0 0
AMC NETWORKS INC-A CL A 00164V103 45,769 806,356 SH   SOLE NONE 806,356 0 0
ARBOR REALTY TRUST INC COM 038923108 34,587 2,666,703 SH   SOLE NONE 2,666,703 0 0
ASHLAND GLOBAL HOLDINGS INC COM 044186104 59,892 766,563 SH   SOLE NONE 766,563 0 0
ASPEN GROUP INC COM NEW 04530L203 5,330 1,000,000 SH   SOLE NONE 1,000,000 0 0
ASSOCIATED CAPITAL GROUP CL A 045528106 340 8,600 SH   SOLE NONE 8,600 0 0
CENTENE CORP COM 15135B101 14,603 275,000 SH   SOLE NONE 275,000 0 0
CHIMERA INVESTMENT CORP COM NEW 16934Q208 90,374 4,822,500 SH   SOLE NONE 4,822,500 0 0
CHURCHILL CAPITAL CORP COM CL A 17142R103 538 40,000 SH   SOLE NONE 40,000 0 0
CIGNA CORP COM 125523100 87,647 545,000 SH   SOLE NONE 545,000 0 0
CITIGROUP INC COM NEW 172967424 47,636 765,600 SH   SOLE NONE 765,600 0 0
CVS HEALTH CORP COM 126650100 26,965 500,000 SH   SOLE NONE 500,000 0 0
DELTA AIR LINES INC COM NEW 247361702 6,456 125,000 SH   SOLE NONE 125,000 0 0
DOWDUPONT INC COM 26078J100 58,428 1,096,000 SH   SOLE NONE 1,096,000 0 0
ELLINGTON FINANCIAL INC COM 28852N109 20,764 1,160,000 SH   SOLE NONE 1,160,000 0 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 45,504 2,960,550 SH   SOLE NONE 2,960,550 0 0
FIRST DATA CORP COM CL A 32008D106 181,780 6,919,681 SH   SOLE NONE 6,919,681 0 0
FRONT YARD RESIDENTIAL CORP COM 35904G107 1,854 200,000 SH   SOLE NONE 200,000 0 0
FS KKR CAPITAL CORP COM 302635107 508 84,000 SH   SOLE NONE 84,000 0 0
GAMCO INVESTORS INC CL A COM 361438104 176 8,600 SH   SOLE NONE 8,600 0 0
GLOBAL EAGLE ENTERTAINMENT I COM 37951D102 2,199 3,100,000 SH   SOLE NONE 3,100,000 0 0
GRANITE POINT MORTGAGE TRUST COM 38741L107 132 7,107 SH   SOLE NONE 7,107 0 0
HESS CORP COM 42809H107 22,701 376,900 SH   SOLE NONE 376,900 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 709 50,000 SH   SOLE NONE 50,000 0 0
LORAL SPACE & COMMUNICATIONS COM 543881106 25,785 715,268 SH   SOLE NONE 715,268 0 0
MAGNOLIA OIL & GAS CORP CL A 559663109 20,945 1,745,429 SH   SOLE NONE 1,745,429 0 0
MARATHON PETROLEUM CORP COM 56585A102 29,925 500,000 SH   SOLE NONE 500,000 0 0
MCCLATCHY CO CL A NEW 579489303 1,522 304,417 SH   SOLE NONE 304,417 0 0
MICROSOFT CORP COM 594918104 28,978 245,705 SH   SOLE NONE 245,705 0 0
MR COOPER GROUP INC COM 62482R107 7,480 780,000 SH   SOLE NONE 780,000 0 0
MVC CAPITAL INC COM 553829102 15,044 1,658,623 SH   SOLE NONE 1,658,623 0 0
NABORS INDUSTRIES LTD SHS G6359F103 32,626 9,484,298 SH   SOLE NONE 9,484,298 0 0
NAVIENT CORP COM 63938C108 5,658 489,064 SH   SOLE NONE 489,064 0 0
NEW MEDIA INVESTMENT GROUP COM 64704V106 26,695 2,542,400 SH   SOLE NONE 2,542,400 0 0
NEW RESIDENTIAL INVESTMENT COM NEW 64828T201 8,455 500,000 SH   SOLE NONE 500,000 0 0
NEW SENIOR INVESTMENT GROUP COM 648691103 23,180 4,253,161 SH   SOLE NONE 4,253,161 0 0
NIELSEN HOLDINGS PLC SHS EUR G6518L108 62,186 2,627,200 SH   SOLE NONE 2,627,200 0 0
NRG ENERGY INC COM NEW 629377508 43,839 1,032,000 SH   SOLE NONE 1,032,000 0 0
OCWEN FINANCIAL CORP COM NEW 675746309 16,545 9,090,670 SH   SOLE NONE 9,090,670 0 0
PAR PACIFIC HOLDINGS INC COM NEW 69888T207 6,057 340,076 SH   SOLE NONE 340,076 0 0
PARSLEY ENERGY INC CL A 701877102 36,452 1,888,694 SH   SOLE NONE 1,888,694 0 0
PENNYMAC FINANCIAL SERVICES COM 70932M107 21,693 975,393 SH   SOLE NONE 975,393 0 0
RTI SURGICAL HDS INC COM 74975N105 1,190 198,000 SH   SOLE NONE 198,000 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 30,711 112,200 SH   SOLE NONE 112,200 0 0
THL CREDIT INC COM 872438106 18,264 2,784,100 SH   SOLE NONE 2,784,100 0 0
TRINITY INDUSTRIES INC COM 896522109 41,801 1,923,649 SH   SOLE NONE 1,923,649 0 0
TWIN RIVER WORLDWIDE HOLDING COM 90171V204 35,940 1,200,000 SH   SOLE NONE 1,200,000 0 0
TWO HARBORS INVESTMENT CORP COM NEW 90187B408 507 37,500 SH   SOLE NONE 37,500 0 0
UNITED CONTINENTAL HOLDINGS COM 910047109 92,609 1,160,802 SH   SOLE NONE 1,160,802 0 0
UNITEDHEALTH GROUP INC COM 91324P102 21,385 86,489 SH   SOLE NONE 86,489 0 0
WPX ENERGY INC COM 98212B103 51,522 3,930,000 SH   SOLE NONE 3,930,000 0 0