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 10,498 38,000 SH   SOLE NONE 38,000 0 0
AES CORP COM 00103H105 15 900 SH   SOLE NONE 900 0 0
ALPHABET INC CAP STK CL A 02079K305 133,104 109,000 SH   SOLE NONE 109,000 0 0
ALTISOURCE PORTFOLIO SOL REG SHS L0175J104 20,571 1,017,360 SH   SOLE NONE 1,017,360 0 0
AMAZON.COM INC COM 023135106 13,019 7,500 SH   SOLE NONE 7,500 0 0
AMC NETWORKS INC CL A 00164V103 21,630 440,000 SH   SOLE NONE 440,000 0 0
ARBOR REALTY TRUST INC COM 038923108 32,196 2,455,828 SH   SOLE NONE 2,455,828 0 0
ASHLAND GLOBAL HOLDINGS INC COM 044186104 59,642 774,063 SH   SOLE NONE 774,063 0 0
ASPEN GROUP INC COM 04530L203 5,190 1,000,000 SH   SOLE NONE 1,000,000 0 0
ASSOCIATED CAPITAL GROUP CL A 045528106 306 8,600 SH   SOLE NONE 8,600 0 0
CARNIVAL CORP UNIT 99/99/9999 143658300 26,882 615,000 SH   SOLE NONE 615,000 0 0
CENTENE CORP COM 15135B101 15,141 350,000 SH   SOLE NONE 350,000 0 0
CHIMERA INVESTMENT CORP COM 16934Q208 93,350 4,772,500 SH   SOLE NONE 4,772,500 0 0
CIGNA CORP COM 125523100 82,726 545,000 SH   SOLE NONE 545,000 0 0
CITIGROUP INC COM 172967424 52,888 765,600 SH   SOLE NONE 765,600 0 0
CLOUDFLARE INC CL A COM 18915M107 371 20,000 SH   SOLE NONE 20,000 0 0
CORTEVA INC COM 22052L104 10,259 366,400 SH   SOLE NONE 366,400 0 0
CROWDSTRIKE HOLDINGS INC CL A 22788C105 4,780 70,000 SH   SOLE NONE 70,000 0 0
DIAMONDBACK ENERGY INC COM 25278X109 17,982 200,000 SH   SOLE NONE 200,000 0 0
DOW INC COM 260557103 17,458 366,389 SH   SOLE NONE 366,389 0 0
DUPONT DE NEMOURS INC COM 26614N102 26,128 366,400 SH   SOLE NONE 366,400 0 0
DYNATRACE INC COM 268150109 653 35,000 SH   SOLE NONE 35,000 0 0
ELLINGTON FINANCIAL INC COM 28852N109 17,347 960,000 SH   SOLE NONE 960,000 0 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 46,049 3,520,550 SH   SOLE NONE 3,520,550 0 0
FALCON MINERALS CORP CL A COM 30607B109 4,600 800,000 SH   SOLE NONE 800,000 0 0
FALCON MINERALS CORP W EXP 07/21/202 30607B208 156 447,474 SH   SOLE NONE 447,474 0 0
FISERV INC COM 337738108 217,193 2,096,663 SH   SOLE NONE 2,096,663 0 0
GAMCO INVESTORS INC CL A COM 361438104 168 8,600 SH   SOLE NONE 8,600 0 0
GANNETT CO INC COM 36473H104 7,523 700,500 SH   SOLE NONE 700,500 0 0
GRANITE POINT MORTGAGE TRUST COM 38741L107 133 7,107 SH   SOLE NONE 7,107 0 0
GRAY TELEVISION INC COM 389375106 8,160 500,000 SH   SOLE NONE 500,000 0 0
HESS CORP COM 42809H107 24,422 403,800 SH   SOLE NONE 403,800 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 2,388 150,000 SH   SOLE NONE 150,000 0 0
MAGNOLIA OIL & GAS CORP CL A 559663109 23,568 2,123,276 SH   SOLE NONE 2,123,276 0 0
MARATHON PETROLEUM CORP COM 56585A102 20,048 330,000 SH   SOLE NONE 330,000 0 0
MCCLATCHY CO CL A 579489303 1,248 441,050 SH   SOLE NONE 441,050 0 0
MEDALLIA INC COM 584021109 549 20,000 SH   SOLE NONE 20,000 0 0
MICROSOFT CORP COM 594918104 34,160 245,705 SH   SOLE NONE 245,705 0 0
MR COOPER GROUP INC COM 62482R107 10,658 1,003,600 SH   SOLE NONE 1,003,600 0 0
MVC CAPITAL INC COM 553829102 15,223 1,710,501 SH   SOLE NONE 1,710,501 0 0
NABORS INDUSTRIES LTD SHS G6359F103 27,552 14,733,500 SH   SOLE NONE 14,733,500 0 0
NAVIENT CORP COM 63938C108 22,236 1,737,191 SH   SOLE NONE 1,737,191 0 0
NEW MEDIA INVESTMENT GROUP COM 64704V106 54,293 6,162,672 SH   SOLE NONE 6,162,672 0 0
NEW SENIOR INVESTMENT GROUP COM 648691103 28,411 4,253,161 SH   SOLE NONE 4,253,161 0 0
NRG ENERGY INC COM 629377508 40,867 1,032,000 SH   SOLE NONE 1,032,000 0 0
OCWEN FINANCIAL CORP COM 675746309 20,137 10,711,015 SH   SOLE NONE 10,711,015 0 0
PAR PACIFIC HOLDINGS INC COM 69888T207 2,286 100,000 SH   SOLE NONE 100,000 0 0
PARSLEY ENERGY INC CL A 701877102 35,090 2,088,694 SH   SOLE NONE 2,088,694 0 0
RTI SURGICAL HDS INC COM 74975N105 1,063 373,000 SH   SOLE NONE 373,000 0 0
SPDR GOLD SHARES GOLD SHS 78463V107 19,442 140,000 SH   SOLE NONE 140,000 0 0
SUNOPTA INC COM 8676EP108 1,643 912,800 SH   SOLE NONE 912,800 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 6,583 22,600 SH   SOLE NONE 22,600 0 0
THL CREDIT INC COM 872438106 19,399 2,852,744 SH   SOLE NONE 2,852,744 0 0
TRINITY INDUSTRIES INC COM 896522109 55,891 2,840,000 SH   SOLE NONE 2,840,000 0 0
TWIN RIVER WORLDWIDE HOLDING COM 90171V204 27,396 1,200,000 SH   SOLE NONE 1,200,000 0 0
TWO HARBORS INVESTMENT CORP COM 90187B408 492 37,500 SH   SOLE NONE 37,500 0 0
UNITED AIRLINES HOLDINGS INC COM 910047109 102,627 1,160,802 SH   SOLE NONE 1,160,802 0 0
UNITEDHEALTH GROUP INC COM 91324P102 30,751 141,500 SH   SOLE NONE 141,500 0 0
VICI PROPERTIES INC COM 925652109 18,956 836,895 SH   SOLE NONE 836,895 0 0
WELLS FARGO & CO COM 949746101 19,924 395,000 SH   SOLE NONE 395,000 0 0
WPX ENERGY INC COM 98212B103 68,157 6,436,000 SH   SOLE NONE 6,436,000 0 0