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
ADVANCED MERGER PARTNERS INC UNIT 99/99/9999 00777J208 500 50,000 SH   SOLE   50,000 0 0
AFRICAN GOLD ACQUISITION COR UNIT 99/99/9999 G0112R116 1,517 150,000 SH   SOLE   150,000 0 0
ALKURI GLOBAL ACQUISITION CO UNIT 01/01/2028 66981N202 205 20,000 SH   SOLE   20,000 0 0
ALTIMAR ACQUISITION CORP III UNIT 99/99/9999 G0370U124 253 25,000 SH   SOLE   25,000 0 0
AMC ENTMT HLDGS INC CL A COM 00165C104 69,433 1,225,000 SH Put SOLE   1,225,000 0 0
AMC NETWORKS INC CL A 00164V103 802 12,000 SH Call SOLE   0 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 1,139 110,000 SH Call SOLE   0 0 0
ANZU SPECIAL ACQUISITIN CORP UNIT 01/27/2026 03737A200 3,997 399,700 SH   SOLE   399,700 0 0
APA CORPORATION COM 03743Q108 1,237 57,198 SH   SOLE   57,198 0 0
APOLLO STRATEGIC GRWT CPTL I UNIT 99/99/9999 G0412A110 200 20,000 SH   SOLE   20,000 0 0
ARCTOS NORTHSTAR ACQUIS CORP UNIT 99/99/9999 G0477L118 1,500 150,000 SH   SOLE   150,000 0 0
ARES ACQUISITION CORPORATION UNIT 99/99/9999 G33032114 5,000 500,000 SH   SOLE   500,000 0 0
ARROWROOT ACQUISITION CORP UNIT 01/29/2026 04282M201 1,003 100,000 SH   SOLE   100,000 0 0
AUSTERLITZ ACQUISITION CORP UNIT 99/99/9999 G0633U119 1,007 100,000 SH   SOLE   100,000 0 0
AVIS BUDGET GROUP COM 053774105 24,566 315,400 SH Put SOLE   315,400 0 0
B RILEY PRINCIPAL 150 MERGER UNIT 99/99/9999 05601V202 101 10,000 SH   SOLE   10,000 0 0
BAUSCH HEALTH COS INC COM 071734107 1,759 60,000 SH Call SOLE   0 0 0
BLUERIVER ACQUISITION CORP UNIT 01/04/2026 G1261Q123 551 55,000 SH   SOLE   55,000 0 0
BORGWARNER INC COM 099724106 4,903 101,000 SH Call SOLE   0 0 0
BROADSCALE ACQUISITION CORP UNIT 02/02/2026 11134Y200 510 51,000 SH   SOLE   51,000 0 0
CAMPBELL SOUP CO COM 134429109 2,950 64,700 SH   SOLE   64,700 0 0
CARTESIAN GROWTH CORP UNIT 02/26/2028 G19276123 918 92,000 SH   SOLE   92,000 0 0
CATCHA INVESTMENT CORP UNIT 99/99/9999 G1962Y128 497 50,000 SH   SOLE   50,000 0 0
CC NEUBERGER PRINCIPAL HOLDN UNIT 99/99/9999 G1992N118 100 10,000 SH   SOLE   10,000 0 0
CENTRICUS ACQUISITION CORP UNIT 02/08/2028 G2072Q112 717 70,000 SH   SOLE   70,000 0 0
CERBERUS TELECOM ACQUISITION SHS CL A G2040C104 3,972 400,000 SH   SOLE   400,000 0 0
CHURCHILL CAPITAL CORP VII UNIT 99/99/9999 17144M201 501 50,000 SH   SOLE   50,000 0 0
CLARIM ACQUISITION CORP UNIT 99/99/9999 18049C207 497 50,000 SH   SOLE   50,000 0 0
CLEARWATER PAPER CORP COM 18538R103 468 16,163 SH   SOLE   16,163 0 0
CLIMATE REAL IMPACT SLUTINS UNIT 99/99/9999 187171202 101 10,000 SH   SOLE   10,000 0 0
COLICITY INC UNIT 02/24/2026 194170205 604 60,000 SH   SOLE   60,000 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 688 44,560 SH   SOLE   44,560 0 0
CONAGRA BRANDS INC COM 205887102 2,029 55,779 SH   SOLE   55,779 0 0
CONSTELLATION ACQUISITN CORP UNIT 99/99/9999 G2R18K121 400 40,000 SH   SOLE   40,000 0 0
CORAZON CAPITAL V838 MONOCER UNIT 03/24/2026 G24237110 1,000 100,000 SH   SOLE   100,000 0 0
COTY INC COM CL A 222070203 3,549 380,000 SH Put SOLE   380,000 0 0
CROWN PROPTECH ACQUISITIONS UNIT 99/99/9999 G25741128 497 50,000 SH   SOLE   50,000 0 0
D AND Z MEDIA ACQUISITION CO UNIT 99/99/9999 23305Q205 249 25,000 SH   SOLE   25,000 0 0
DECARBONIZATION PLUS ACQU II UNIT 01/19/2026 242794204 103 10,000 SH   SOLE   10,000 0 0
DHB CAPITAL CORP UNIT 03/31/2028 23291W208 500 50,000 SH   SOLE   50,000 0 0
DHC ACQUISITION CORP UNIT 02/25/2026 G2758T125 1,506 150,000 SH   SOLE   150,000 0 0
DIAMONDHEAD HOLDINGS CORP UNIT 01/21/2026 25278L204 100 10,000 SH   SOLE   10,000 0 0
DISH NETWORK CORPORATION CL A 25470M109 2,466 59,000 SH Put SOLE   59,000 0 0
DISH NETWORK CORPORATION NOTE 2.375% 3/1 25470MAD1 44,311 45,545,000 PRN   SOLE   45,545,000 0 0
DIVERSIFIED HEALTHCARE TR COM SH BEN INT 25525P107 575 137,619 SH   SOLE   137,619 0 0
DONNELLEY R R & SONS CO COM 257867200 228 36,263 SH   SOLE   36,263 0 0
ECP ENVIRONMENTAL GW OPT COR UNIT 03/01/2026 26829T209 203 20,000 SH   SOLE   20,000 0 0
EJF ACQUISITION CORP UNIT 03/10/2026 G2955B117 2,495 250,000 SH   SOLE   250,000 0 0
ELLINGTON FINANCIAL INC COM 28852N109 16,294 850,887 SH   SOLE   850,887 0 0
ELLINGTON RESIDENTIAL MTG RE COM SHS BEN INT 288578107 1,253 106,472 SH   SOLE   106,472 0 0
EQ HEALTH ACQUISITION CORP UNIT 02/02/2028 26886A200 349 35,000 SH   SOLE   35,000 0 0
EQT CORP COM 26884L109 1,190 53,472 SH   SOLE   53,472 0 0
ESM ACQUISITION CORPORATION UNIT 99/99/9999 G3195H120 1,000 100,000 SH   SOLE   100,000 0 0
FINTECH EVOLUTION ACQUIS GRO UNIT 99/99/9999 G3R19A112 1,497 150,000 SH   SOLE   150,000 0 0
FIRST RESERVE SUSTAINABLE GW UNIT 03/05/2026 336169206 500 50,000 SH   SOLE   50,000 0 0
FORD MTR CO DEL COM 345370860 3,455 232,500 SH Call SOLE   0 0 0
FORD MTR CO DEL COM 345370860 2,229 150,000 SH Put SOLE   150,000 0 0
FORTISTAR SUSTAINABLE SOL CO UNIT 01/14/2026 34962M205 103 10,000 SH   SOLE   10,000 0 0
FREEDOM ACQUISITION I CORP UNIT 99/99/9999 G3663X102 998 100,000 SH   SOLE   100,000 0 0
FTAC HERA ACQUISITION CORP UNIT 02/28/2026 G3728Y129 2,009 200,000 SH   SOLE   200,000 0 0
FUSION ACQUISITION CORP II UNIT 02/29/2028 36118N201 500 50,000 SH   SOLE   50,000 0 0
G SQUARED ASCEND I INC UNIT 99/99/9999 G4204R125 2,513 250,000 SH   SOLE   250,000 0 0
GAMING & HOSPITALITY ACQU CO UNIT 02/04/2028 364681205 399 40,000 SH   SOLE   40,000 0 0
GENERAL MTRS CO COM 37045V100 1,687 28,519 SH   SOLE   28,519 0 0
GENESIS ENERGY L P UNIT LTD PARTN 371927104 2,206 190,000 SH Call SOLE   0 0 0
GENESIS ENERGY L P UNIT LTD PARTN 371927104 581 50,000 SH Put SOLE   50,000 0 0
GOLDEN ARROW MERGER CORP UNIT 07/31/2026 380799205 1,491 150,000 SH   SOLE   150,000 0 0
GORES HLDGS VIII INC UNIT 02/01/2028 382863207 699 70,000 SH   SOLE   70,000 0 0
GORES HOLDINGS VII INC UNIT 02/12/2028 38286T200 704 70,000 SH   SOLE   70,000 0 0
GORES METROPOULOS II INC UNIT 01/31/2028 382873206 203 20,000 SH   SOLE   20,000 0 0
GORES TECHNOLOGY PARTNERS II UNIT 03/16/2028 38287L206 723 70,000 SH   SOLE   70,000 0 0
GORES TECHNOLOGY PARTNERS IN UNIT 03/16/2028 382870202 402 40,000 SH   SOLE   40,000 0 0
GREAT AJAX CORP COM 38983D300 5,084 391,699 SH   SOLE   391,699 0 0
GROUP NINE ACQUISITION CORP UNIT 01/15/2026 39947R203 287 28,529 SH   SOLE   28,529 0 0
HASBRO INC COM 418056107 1,920 20,318 SH   SOLE   20,318 0 0
HAYMAKER ACQUISITION CORP II UNIT 03/01/2026 42087R207 1,003 100,000 SH   SOLE   100,000 0 0
HERBALIFE NUTRITION LTD COM SHS G4412G101 2,637 50,000 SH Put SOLE   50,000 0 0
HUDSON EXECUTIVE INVES III UNIT 02/22/2026 44376L206 1,998 200,000 SH   SOLE   200,000 0 0
HUDSON EXECUTIVE INVS CORP I UNIT 01/31/2027 443760202 1,494 150,000 SH   SOLE   150,000 0 0
IBERE PHARMACEUTICALS UNIT 99/99/9999 G46843127 101 10,000 SH   SOLE   10,000 0 0
IMPAC MTG HLDGS INC COM NEW 45254P508 110 51,900 SH   SOLE   51,900 0 0
INDEPENDENCE HOLDINGS CORP UNIT 03/02/2026 G4761A119 1,798 180,000 SH   SOLE   180,000 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 23,038 65,000 SH Put SOLE   65,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 11,628 132,076 SH   SOLE   132,076 0 0
ISHARES TR IBOXX HI YD ETF 464288513 107,418 1,220,100 SH Put SOLE   1,220,100 0 0
ISHARES TR PFD AND INCM SEC 464288687 21,241 540,000 SH Put SOLE   540,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 16,056 70,000 SH Put SOLE   70,000 0 0
ISOS ACQUISITION CORPORATION UNIT 99/99/9999 G4962C120 408 40,000 SH   SOLE   40,000 0 0
ITIQUIRA ACQUISITION CORP UNIT 02/03/2026 G49773123 200 20,000 SH   SOLE   20,000 0 0
JACK CREEK INVESTMENT CORP UNIT 10/01/2023 G4989X107 3,518 350,000 SH   SOLE   350,000 0 0
JAWS MUSTANG ACQUISITION COR UNIT 99/99/9999 G50737116 503 50,000 SH   SOLE   50,000 0 0
KENSINGTON CAPITAL ACQUISITI UNIT 99/99/9999 49006L203 208 20,000 SH   SOLE   20,000 0 0
KERNEL GROUP HOLDINGS INC UNIT 99/99/9999 G5259L111 1,533 150,000 SH   SOLE   150,000 0 0
KHOSLA VENTURES ACQUISITION CL A 482504107 99 10,000 SH   SOLE   10,000 0 0
KINDER MORGAN INC DEL COM 49456B101 2,169 119,000 SH   SOLE   119,000 0 0
KISMET ACQUISITION THREE COR UNIT 99/99/9999 G5276C128 1,604 160,570 SH   SOLE   160,570 0 0
KISMET ACQUISITION TWO CORP UNIT 99/99/9999 G52807123 1,224 123,100 SH   SOLE   123,100 0 0
KOHLS CORP COM 500255104 6,062 109,995 SH   SOLE   109,995 0 0
KOHLS CORP COM 500255104 2,067 37,500 SH Call SOLE   0 0 0
KROGER CO COM 501044101 1,494 39,000 SH   SOLE   39,000 0 0
LAZARD GROWTH ACQUISITION CO UNIT 99/99/9999 G54035129 549 55,000 SH   SOLE   55,000 0 0
LEAR CORP COM NEW 521865204 4,825 27,528 SH   SOLE   27,528 0 0
LEAR CORP COM NEW 521865204 2,629 15,000 SH Call SOLE   0 0 0
LEO HOLDINGS III CORP UNIT 99/99/9999 G5463T116 1,008 100,000 SH   SOLE   100,000 0 0
LIVE OAK MOBILITY ACQUISI CO UNIT 03/01/2028 538126202 1,004 100,000 SH   SOLE   100,000 0 0
LUMEN TECHNOLOGIES INC COM 550241103 896 65,965 SH   SOLE   65,965 0 0
MASON INDUSTRIAL TECHNOLGY I UNIT 99/99/9999 57520Y205 2,518 250,000 SH   SOLE   250,000 0 0
MCAP ACQUISITION CORP UNIT 02/18/2030 55282T208 100 10,000 SH   SOLE   10,000 0 0
MFA FINL INC COM 55272X102 6,481 1,411,968 SH   SOLE   1,411,968 0 0
MISSION ADVANCEMENT CORP UNIT 99/99/9999 60501L200 999 100,000 SH   SOLE   100,000 0 0
MR COOPER GROUP INC COM 62482R107 13,018 393,763 SH   SOLE   393,763 0 0
NABORS INDS INC NEW NOTE 0.750% 1/1 62957HAB1 49,452 54,734,000 PRN   SOLE   54,734,000 0 0
NABORS INDUSTRIES LTD SHS G6359F137 1,869 16,360 SH   SOLE   16,360 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 18,631 1,759,306 SH   SOLE   1,759,306 0 0
NEW YORK MTG TR INC COM PAR $.02 649604501 1,446 323,426 SH   SOLE   323,426 0 0
NEWS CORP NEW CL A 65249B109 5,502 213,500 SH Put SOLE   213,500 0 0
NORDSTROM INC COM 655664100 4,049 110,714 SH   SOLE   110,714 0 0
NORTH ATLANTIC ACQUISITN COR UNIT 10/20/2025 G66139117 502 50,000 SH   SOLE   50,000 0 0
ONE EQUITY PARTNERS OPEN WTR UNIT 01/14/2026 68237L204 600 60,000 SH   SOLE   60,000 0 0
ORCHID IS CAP INC COM 68571X103 1,479 284,925 SH   SOLE   284,925 0 0
ORION ACQUISITION CORP UNIT 02/19/2026 68626A207 694 70,000 SH   SOLE   70,000 0 0
OYSTER ENTERPRISES ACQ CORP UNIT 01/20/2026 69242M203 435 43,574 SH   SOLE   43,574 0 0
PATHFINDER ACQUISITION CORP UNIT 02/17/2026 G04119114 737 74,187 SH   SOLE   74,187 0 0
PENNYMAC CORP NOTE 5.500%11/0 70932AAD5 1,272 1,230,000 PRN   SOLE   1,230,000 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 11,559 187,278 SH   SOLE   187,278 0 0
PERIDOT ACQUISITION CORP II UNIT 99/99/9999 G7008B113 3,497 350,000 SH   SOLE   350,000 0 0
PITNEY BOWES INC COM 724479100 2,631 300,000 SH Put SOLE   300,000 0 0
POWER & DIGITAL INFRA ACQ CO UNIT 99/99/9999 739190205 505 50,000 SH   SOLE   50,000 0 0
POWERED BRANDS UNIT 99/99/9999 G7209M124 1,001 100,000 SH   SOLE   100,000 0 0
PRIMAVERA CAPITAL ACQUIST CO UNIT 01/19/2026 G7255E125 102 10,000 SH   SOLE   10,000 0 0
PRIVETERRA ACQUISITION CORP UNIT 99/99/9999 74275N201 747 75,000 SH   SOLE   75,000 0 0
QUEENS GAMBIT GROWTH CAPITAL UNIT 01/19/2026 G7315C127 150 15,000 SH   SOLE   15,000 0 0
QURATE RETAIL INC COM SER A 74915M100 629 48,088 SH   SOLE   48,088 0 0
READY CAPITAL CORP COM 75574U101 2,202 138,745 SH   SOLE   138,745 0 0
REALOGY HLDGS CORP COM 75605Y106 532 29,208 SH   SOLE   29,208 0 0
REDFIN CORP COM 75737F108 3,171 50,000 SH Call SOLE   0 0 0
RMG ACQUISITION CORP III UNIT 02/08/2026 G76088114 500 50,000 SH   SOLE   50,000 0 0
RXR ACQUISITION CORP UNIT 01/01/2025 74981W206 499 50,000 SH   SOLE   50,000 0 0
SCIENCE STRATEGIC ACQ ALPHA UNIT 01/20/2026 808641203 99 10,000 SH   SOLE   10,000 0 0
SCION TECH GROWTH II UNIT 99/99/9999 G31070124 1,490 150,000 SH   SOLE   150,000 0 0
SCP & CO HEALTHCARE ACQUSTN UNIT 10/27/2025 784065203 252 25,000 SH   SOLE   25,000 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605 917 25,000 SH   SOLE   25,000 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605 3,119 85,000 SH Put SOLE   85,000 0 0
SILVER CREST ACQUISITION COR UNIT 12/15/2025 G81355110 502 50,000 SH   SOLE   50,000 0 0
SILVERBOX ENGAGED MERGER CO UNIT 03/31/2028 82836L200 1,000 100,000 SH   SOLE   100,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 216 1,658 SH   SOLE   1,658 0 0
SIMON PROPERTY GRP ACQ HOLDI UNIT 99/99/9999 82880R202 201 20,000 SH   SOLE   20,000 0 0
SLAM CORP UNIT 99/99/9999 G8210L113 798 80,000 SH   SOLE   80,000 0 0
SOCIAL LEVERAGE ACQUISN CORP UNIT 99/99/9999 83363K201 500 50,000 SH   SOLE   50,000 0 0
SPARTAN ACQUISITION CORP III UNIT 99/99/9999 84677R205 1,006 100,000 SH   SOLE   100,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 13,698 32,000 SH Put SOLE   32,000 0 0
SPDR SER TR S&P REGL BKG 78464A698 22,150 338,000 SH Put SOLE   338,000 0 0
SUPERNOVA PARTNERS ACQUISTN UNIT 99/99/9999 G8T86C113 200 20,000 SH   SOLE   20,000 0 0
SUSTAINABLE DEVELP ACQU I CO UNIT 02/04/2026 86934L202 509 50,000 SH   SOLE   50,000 0 0
TAILWIND INTERNATNAL ACQ COR UNIT 99/99/9999 G8662F127 1,500 150,000 SH   SOLE   150,000 0 0
TCW SPECIAL PURPOSE ACQU COR UNIT 99/99/9999 87301L205 1,496 150,000 SH   SOLE   150,000 0 0
THE MUSIC ACQUISITION CORP UNIT 99/99/9999 62752R209 1,526 150,000 SH   SOLE   150,000 0 0
THIMBLE POINT ACQUISITION CO UNIT 99/99/9999 88408P206 104 10,000 SH   SOLE   10,000 0 0
THUNDER BRIDGE CAP PRTNRS II UNIT 02/15/2028 88605T209 200 20,000 SH   SOLE   20,000 0 0
TISHMAN SPEYER INNOVATION CO UNIT 02/11/2026 88825H209 504 50,000 SH   SOLE   50,000 0 0
TITAN INTL INC ILL COM 88830M102 1,249 147,300 SH Put SOLE   147,300 0 0
TRIUMPH GROUP INC NEW COM 896818101 397 19,151 SH   SOLE   19,151 0 0
TUATARA CAPITAL ACQUISITN CO UNIT 99/99/9999 G9118J127 125 12,300 SH   SOLE   12,300 0 0
TWELVE SEAS INVESTMENT CO II UNIT 99/99/9999 90118T205 498 50,000 SH   SOLE   50,000 0 0
TWO COM CL A G9152V101 310 12,231 SH   SOLE   12,231 0 0
TZP STRATEGIES ACQUISTN CORP UNIT 01/06/2026 G91595127 629 63,327 SH   SOLE   63,327 0 0
UNITED STATES STL CORP NEW COM 912909108 873 36,359 SH   SOLE   36,359 0 0
USHG ACQUISITION CORP UNIT 99/99/9999 91748P209 258 25,750 SH   SOLE   25,750 0 0
VECTOR ACQUISITION CORP II CL A SHS G9460A104 1,986 200,000 SH   SOLE   200,000 0 0
VELOCITY ACQUISITION CORP UNIT 99/99/9999 92259E203 945 95,000 SH   SOLE   95,000 0 0
VIACOMCBS INC CL B 92556H206 5,974 132,172 SH   SOLE   132,172 0 0
VPC IMPACT ACQUISITION HLDG UNIT 03/05/2026 G9460L100 5,023 500,000 SH   SOLE   500,000 0 0
WARRIOR TECHNOLOGIES ACQUI C UNIT 03/31/2028 936273200 151 15,000 SH   SOLE   15,000 0 0
WESTERN ASSET MTG CAP CORP NOTE 6.750%10/0 95790DAA3 1,902 2,000,000 PRN   SOLE   2,000,000 0 0
WYNN RESORTS LTD COM 983134107 1,931 15,792 SH   SOLE   15,792 0 0
Z-WORK ACQUISITION CORP UNIT 99/99/9999 98880C201 618 61,786 SH   SOLE   61,786 0 0