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
AES CORP COM 00130H105 16 900 SH   SOLE None 900 0 0
ALPHABET INC CAP ST K CL A 02079K305 87,936 60,000 SH   SOLE None 60,000 0 0
AMAZON.COM INC COM 023135106 36,210 11,500 SH   SOLE None 11,500 0 0
AMC NETWORKS INC CL A 00164V103 19,180 776,200 SH   SOLE None 776,200 0 0
ARBOR REALTY TRUST INC COM 038923108 26,715 2,329,082 SH   SOLE None 2,329,082 0 0
ASHLAND GLOBAL HOLDINGS INC COM 044186104 56,875 801,965 SH   SOLE None 801,965 0 0
ASPEN GROUP INC COM 04530L203 11,170 1,000,000 SH   SOLE None 1,000,000 0 0
ASSOCIATED CAPITAL GROUP CL A 045528106 311 8,600 SH   SOLE None 8,600 0 0
ATHENE HOLDING LTD CL A G0684D107 33,453 981,606 SH   SOLE None 981,606 0 0
BRIGHAM MINERALS INC CL A COM 10918L103 3,456 387,429 SH   SOLE None 387,429 0 0
CHIMERA INVESTMENT CORP COM 16934Q208 27,860 3,397,500 SH   SOLE None 3,397,500 0 0
CIGNA CORP COM 125523100 71,999 425,000 SH   SOLE None 425,000 0 0
CITIGROUP INC COM 172967424 15,951 370,000 SH   SOLE None 370,000 0 0
ELLINGTON FINANCIAL INC COM 28852N109 9,318 760,000 SH   SOLE None 760,000 0 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 27,275 5,032,200 SH   SOLE None 5,032,200 0 0
ENTERPRISE PRODUCTS PARTNERS COM 293792107 7,895 500,000 SH   SOLE None 500,000 0 0
FACEBOOK INC CL A 30303M102 7,071 27,000 SH   SOLE None 27,000 0 0
FALCON MINERALS CORP CL A COM 30607B109 2,307 945,648 SH   SOLE None 945,648 0 0
FERRO CORP COM 315405100 41,179 3,320,869 SH   SOLE None 3,320,869 0 0
FIRST EAGLE ALTERNATIVE CAPI COM 26943B100 7,091 2,859,100 SH   SOLE None 2,859,100 0 0
FISERV INC COM 337738108 106,203 1,030,600 SH   SOLE None 1,030,600 0 0
FORTRESS VALUE ACQ COM CL A 34962V106 8,148 600,000 SH   SOLE None 600,000 0 0
GAMCO INVESTORS INC CL A COM 361438104 100 8,600 SH   SOLE None 8,600 0 0
GANNETT CO INC COM 36472T109 1,374 1,056,600 SH   SOLE None 1,056,600 0 0
LEE ENTERPRISES COM 523768109 670 799,311 SH   SOLE None 799,311 0 0
MAGNOLIA OIL & GAS CORP CL A 559663109 13,674 2,644,950 SH   SOLE None 2,644,950 0 0
MICROSOFT CORP COM 594918104 51,679 245,705 SH   SOLE None 245,705 0 0
MOTOROLA SOLUTIONS INC COM 620076307 15,681 100,000 SH   SOLE None 100,000 0 0
MR COOPER GROUP INC COM 62482R107 103,810 4,650,967 SH   SOLE None 4,650,967 0 0
MVC CAPITAL INC COM 553829102 13,253 1,696,960 SH   SOLE None 1,696,960 0 0
NABORS INDUSTRIES LTD SHS G6359F137 244 10,000 SH   SOLE None 10,000 0 0
NAVIENT CORP COM 63938C108 26,871 3,180,000 SH   SOLE None 3,180,000 0 0
NEW SENIOR INVESTMENT GROUP COM 648691103 19,973 4,993,200 SH   SOLE None 4,993,200 0 0
OCWEN FINANCIAL CORP COM 675746606 18,565 879,037 SH   SOLE None 879,037 0 0
PARSLEY ENERGY INC CL A 701877102 17,784 1,900,000 SH   SOLE None 1,900,000 0 0
SIERRA METALS INC COM 82639W106 1,180 802,783 SH   SOLE None 802,783 0 0
SUNOPTA INC COM 8676EP108 11,628 1,567,069 SH   SOLE None 1,567,069 0 0
SURGALIGN HOLDINGS INC COM 86882C105 3,574 1,974,533 SH   SOLE None 1,974,533 0 0
TRINITY INDUSTRIES INC COM 896522109 58,890 3,020,000 SH   SOLE None 3,020,000 0 0
VERTIV HOLDINGS CO COM CL A 92537N108 19,052 1,100,000 SH   SOLE None 1,100,000 0 0
WPX ENERGY INC COM 98212B103 31,536 6,436,000 SH   SOLE None 6,436,000 0 0