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 23 900 SH   SOLE None 900 0 0
ALIBABA GROUP HOLDING SPONSORED ADS 01609W102 22,678 100,000 SH   SOLE None 100,000 0 0
ALPHABET INC CAP STK CL A 02079K305 146,507 60,000 SH   SOLE None 60,000 0 0
AMAZON.COM INC COM 023135106 34,402 10,000 SH   SOLE None 10,000 0 0
APOLLO STRATEGIC GROWTH CAPI SHS CL A G0411R106 200 20,000 SH   SOLE None 20,000 0 0
ARBOR REALTY TRUST INC COM 038923108 42,177 2,366,837 SH   SOLE None 2,366,837 0 0
ARCTOS NORTHSTAR ACQUISITION SHS CL A G0477L100 250 25,000 SH   SOLE None 25,000 0 0
ASHLAND GLOBAL HOLDINGS INC COM 044186104 76,297 871,965 SH   SOLE None 871,965 0 0
ASPEN GROUP INC COM 04530L203 14,781 2,267,073 SH   SOLE None 2,267,073 0 0
ATHENE HOLDING LTD CL A G0684D107 117,222 1,736,625 SH   SOLE None 1,736,625 0 0
BARINGS BDC INC COM 06759L103 11,947 1,131,338 SH   SOLE None 1,131,338 0 0
BAUSCH HEALTH COS INC COM 071734107 20,181 688,318 SH   SOLE None 688,318 0 0
CABOT OIL & GAS CORP COM 127097103 1,487 85,158 SH   SOLE None 85,158 0 0
CHIMERA INVESTMENT CORP COM 16934Q208 51,166 3,397,500 SH   SOLE None 3,397,500 0 0
CIGNA CORP COM 125523100 100,755 425,000 SH   SOLE None 425,000 0 0
CITIGROUP INC COM 172967424 26,885 380,000 SH   SOLE None 380,000 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 1,049 100,000 SH   SOLE None 100,000 0 0
D AND Z MEDIA ACQUISITION CO UNIT 99/99/9999 23305Q205 249 25,000 SH   SOLE None 25,000 0 0
DEVON ENERGY CORP COM 25179M103 91,075 3,120,069 SH   SOLE None 3,120,069 0 0
DIAMEDICA THERAPEUTICS INC COM 25253X207 223 50,000 SH   SOLE None 50,000 0 0
ELLINGTON FINANCIAL INC COM 28852N109 14,554 760,000 SH   SOLE None 760,000 0 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 71,620 6,737,500 SH   SOLE None 6,737,500 0 0
ENTERPRISE PRODUCTS PARTNERS COM 293792107 12,065 500,000 SH   SOLE None 500,000 0 0
FACEBOOK INC CL A 30303M102 7,650 22,000 SH   SOLE None 22,000 0 0
FALCON MINERALS CORP CL A COM 30607B109 8,328 1,639,338 SH   SOLE None 1,639,338 0 0
FERRO CORP COM 315405100 2,157 100,000 SH   SOLE None 100,000 0 0
FINANCE OF AMERICA COS INC COM CL A 31738L107 33,572 4,400,000 SH   SOLE None 4,400,000 0 0
FIRST EAGLE ALTERNATIVE CAPI COM 26943B100 9,696 2,126,300 SH   SOLE None 2,126,300 0 0
FISERV INC COM 337738108 110,161 1,030,600 SH   SOLE None 1,030,600 0 0
GANNETT CO INC COM 36472T109 8,482 1,545,062 SH   SOLE None 1,545,062 0 0
GENERAL MOTORS CO COM 37045V100 22,189 375,000 SH   SOLE None 375,000 0 0
ISHARES INC CORE MSCI EMKT 46434G103 836 12,485 SH   SOLE None 12,485 0 0
ISHARES TR CORE MSCI EURO 46434V738 1,286 22,459 SH   SOLE None 22,459 0 0
ISHARES TR MSCI LW CRB TG 46434V464 332 2,000 SH   SOLE None 2,000 0 0
ISHARES INC MSCI CDA ETF 464286509 467 12,531 SH   SOLE None 12,531 0 0
ISHARES TR MSCI EAFE ETF 464287465 5,814 73,706 SH   SOLE None 73,706 0 0
ISHARES INC MSCI JPN ETF 46434G822 1,128 16,695 SH   SOLE None 16,695 0 0
ISHARES INC MSCI PAC JP ETF 464286665 802 15,512 SH   SOLE None 15,512 0 0
ISHARES INC MSCI WORLD ETF 464286392 421 3,329 SH   SOLE None 3,329 0 0
ISHARES TR S&P 500 GRWT ETF 464287309 1,688 23,214 SH   SOLE None 23,214 0 0
JAWS MUSTANG ACQUISITION COR SHS CL A G50737108 252 25,000 SH   SOLE None 25,000 0 0
LIBERTY MEDIA ACQUISITION CO UNIT 01/22/2026 53073L203 106 10,000 SH   SOLE None 10,000 0 0
LITHIA MOTORS INC COM 536797103 47,251 137,500 SH   SOLE None 137,500 0 0
MICROSOFT CORP COM 594918104 66,561 245,705 SH   SOLE None 245,705 0 0
MOTOROLA SOLUTIONS INC COM 620076307 21,685 100,000 SH   SOLE None 100,000 0 0
MP MATERIALS CORP COM CL A 553368101 89,422 2,426,000 SH   SOLE None 2,426,000 0 0
MR COOPER GROUP INC COM 62482R107 140,472 4,249,000 SH   SOLE None 4,249,000 0 0
NAVIENT CORP COM 63938C108 33,881 1,752,744 SH   SOLE None 1,752,744 0 0
NEW SENIOR INVESTMENT GROUP COM 648691103 28,563 3,253,200 SH   SOLE None 3,253,200 0 0
NORTHERN GENESIS ACQUISITION UNIT 99/99/9999 66516U200 210 20,000 SH   SOLE None 20,000 0 0
NRG ENERGY INC COM 629377508 27,404 680,000 SH   SOLE None 680,000 0 0
OCWEN FINANCIAL CORP COM 675746606 14,049 453,502 SH   SOLE None 453,502 0 0
OWL ROCK CAPITAL CORP COM 69121K104 1,598 112,000 SH   SOLE None 112,000 0 0
PAYSAFE LTD ORD G6964L107 13,624 1,125,000 SH   SOLE None 1,125,000 0 0
PENNYMAC FINANCIAL SERVICES COM 70932M107 6,186 100,225 SH   SOLE None 100,225 0 0
PIONEER NATURAL RESOURCES CO COM 723787107 22,753 140,000 SH   SOLE None 140,000 0 0
PONTEM CORP SHS CL A G71707106 501 50,000 SH   SOLE None 50,000 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 1,393 27,196 SH   SOLE None 27,196 0 0
SIERRA METALS INC COM 82639W106 8,867 2,945,858 SH   SOLE None 2,945,858 0 0
SPARTAN ACQUISITION CORP III UNIT 99/99/9999 84677R205 101 10,000 SH   SOLE None 10,000 0 0
SUNOPTA INC COM 8676EP108 22,644 1,850,000 SH   SOLE None 1,850,000 0 0
SURGALIGN HOLDINGS INC COM 86882C105 1,543 1,110,000 SH   SOLE None 1,110,000 0 0
TRINITY INDUSTRIES INC COM 896522109 54,227 2,016,632 SH   SOLE None 2,016,632 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 805 11,972 SH   SOLE None 11,972 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 19,676 50,001 SH   SOLE None 50,001 0 0
VERTIV HOLDINGS CO COM CL A 92537N108 42,498 1,556,720 SH   SOLE None 1,556,720 0 0
WILLSCOT MOBILE MINI HOLDING COM CL A 971378104 41,805 1,500,000 SH   SOLE None 1,500,000 0 0