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
ALLY FINL INC COM 02005N100 26,297 1,253,420 SH   DFND 1 2 3 4 5 1,253,420 0 0
ALLY FINL INC COM 02005N100 38,715 1,845,314 SH   DFND 1 2 3 4 8 1,845,314 0 0
ALLY FINL INC COM 02005N100 39,906 1,902,029 SH   DFND 1 2 3 4 1,902,029 0 0
AMERICAN CAP LTD COM 02503Y103 25,430 1,719,342 SH   DFND 1 2 3 4 1,719,342 0 0
AMERICAN CAP LTD COM 02503Y103 31,267 2,114,064 SH   DFND 1 2 3 4 5 2,114,064 0 0
AMERICAN CAP LTD COM 02503Y103 26,933 1,821,030 SH   DFND 1 2 3 4 8 1,821,030 0 0
APOLLO INVT CORP COM 03761U106 2,210 288,000 SH   DFND 1 2 3 288,000 0 0
APPLIED GENETIC TECHNOL CORP COM 03820J100 381 19,070 SH   DFND 1 2 3 19,070 0 0
AR CAP ACQUISITION CORP UNIT 10/06/2019 00191R208 2,421 243,382 SH   DFND 1 2 3 4 243,382 0 0
AR CAP ACQUISITION CORP UNIT 10/06/2019 00191R208 12,205 1,226,618 SH   DFND 1 2 3 4 5 1,226,618 0 0
ARES CAP CORP COM 04010L103 2,558 149,000 SH   DFND 1 2 3 149,000 0 0
BALL CORP COM 058498106 4,804 68,000 SH   DFND 1 2 3 4 6 68,000 0 0
BOULEVARD ACQUISITION CORP UNIT 02/19/2019 10157P203 1,018 100,000 SH   DFND 1 2 3 100,000 0 0
CAESARS ACQUISITION CO CL A 12768T103 514 75,564 SH   DFND 1 2 3 4 75,564 0 0
CAESARS ACQUISITION CO CL A 12768T103 8,806 1,295,087 SH   DFND 1 2 3 4 5 1,295,087 0 0
CARNIVAL CORP PAIRED CTF 143658300 26,854 561,300 SH   DFND 1 2 3 4 6 561,300 0 0
CHENIERE ENERGY INC COM NEW 16411R208 1,458 18,841 SH   DFND 1 2 3 4 18,841 0 0
CHENIERE ENERGY INC COM NEW 16411R208 40,697 525,805 SH   DFND 1 2 3 4 5 525,805 0 0
CIMAREX ENERGY CO COM 171798101 5,834 50,700 SH   DFND 1 2 3 4 6 50,700 0 0
CITIGROUP INC COM NEW 172967424 32,731 635,300 SH   DFND 1 2 3 4 6 635,300 0 0
COMVERSE INC COM 20585P105 2 94 SH   DFND 1 2 3 94 0 0
CONCHO RES INC COM 20605P101 6,005 51,800 SH   DFND 1 2 3 4 6 51,800 0 0
CONOCOPHILLIPS COM 20825C104 5,418 87,000 SH   DFND 1 2 3 4 6 87,000 0 0
CONSUMER PORTFOLIO SVCS INC COM 210502100 4,389 627,849 SH   DFND 1 2 3 4 5 627,849 0 0
D R HORTON INC COM 23331A109 1,015 35,600 SH   DFND 1 2 3 4 6 35,600 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 4,824 60,500 SH Put DFND 1 2 3 4 6 60,500 0 0
DEVON ENERGY CORP NEW COM 25179M103 5,718 94,800 SH   DFND 1 2 3 4 6 94,800 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 830 30,975 SH   DFND 1 2 3 4 30,975 0 0
DISNEY WALT CO COM DISNEY 254687106 2,549 24,299 SH   DFND 1 2 3 4 6 24,299 0 0
EOG RES INC COM 26875P101 5,658 61,700 SH   DFND 1 2 3 4 6 61,700 0 0
EXXON MOBIL CORP COM 30231G102 6,469 76,100 SH   DFND 1 2 3 4 6 76,100 0 0
FRISCHS RESTAURANTS INC COM 358748101 63 2,352 SH   DFND 1 2 3 4 2,352 0 0
FRISCHS RESTAURANTS INC COM 358748101 1,203 44,298 SH   DFND 1 2 3 4 5 44,298 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 387,165 10,500,825 SH   DFND 1 2 3 4 10,500,825 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 950 32,160 SH   DFND 1 2 3 4 32,160 0 0
HESS CORP COM 42809H107 6,407 94,400 SH   DFND 1 2 3 4 6 94,400 0 0
HOWARD HUGHES CORP COM 44267D107 478 3,081 SH   DFND 1 2 3 4 3,081 0 0
HRG GROUP INC COM 40434J100 411,774 32,994,740 SH   DFND 1 2 3 4 5 7 32,994,740 0 0
INNOCOLL AG SPONSORED ADR 45780Q103 2,086 277,777 SH   DFND 1 2 3 4 7 277,777 0 0
INTERNATIONAL GAME TECHNOLOG COM 459902102 14,189 815,000 SH   DFND 1 2 3 4 6 815,000 0 0
INTRAWEST RESORTS HLDGS INC COM 46090K109 235,774 27,038,250 SH   DFND 1 2 3 4 27,038,250 0 0
INVENTERGY GLOBAL INC COM 46123X102 325 500,000 SH   DFND 1 2 3 4 5 500,000 0 0
ISHARES MSCI STH KOR ETF 464286772 2,290 40,000 SH Put DFND 1 2 3 4 40,000 0 0
ISHARES TR US HLTHCARE ETF 464287762 4,136 26,800 SH   DFND 1 2 3 4 6 26,800 0 0
MARATHON PATENT GROUP INC COM NEW 56585W203 781 134,409 SH   DFND 1 2 3 4 5 134,409 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 730 40,000 SH Call DFND 1 2 3 40,000 0 0
MOHAWK INDS INC COM 608190104 966 5,200 SH   DFND 1 2 3 4 6 5,200 0 0
NATIONSTAR MTG HLDGS INC COM 63861C109 1,673,836 67,575,125 SH   DFND 1 2 3 4 67,575,125 0 0
NEW MTN FIN CORP COM 647551100 2,190 150,000 SH   DFND 1 2 3 150,000 0 0
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 820 45,224 SH   DFND 1 2 3 4 45,224 0 0
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 16,291 899,076 SH   DFND 1 2 3 4 5 899,076 0 0
NRG ENERGY INC COM NEW 629377508 0 3 SH   DFND 1 2 3 3 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 6,453 88,400 SH   DFND 1 2 3 4 6 88,400 0 0
OI S.A. SPN ADR NEW 670851302 1,304 800,000 SH   DFND 1 2 3 4 6 800,000 0 0
OPUS BK IRVINE CALIF COM 684000102 57,145 1,850,544 SH   DFND 1 2 3 4 1,850,544 0 0
OPUS BK IRVINE CALIF COM 684000102 117,120 3,792,730 SH   DFND 1 2 3 4 7 3,792,730 0 0
PENN NATL GAMING INC COM 707569109 2,472 157,823 SH   DFND 1 2 3 4 157,823 0 0
PENNANTPARK INVT CORP COM 708062104 441 48,649 SH   DFND 1 2 3 4 5 48,649 0 0
PENNANTPARK INVT CORP COM 708062104 22 2,521 SH   DFND 1 2 3 4 2,521 0 0
PIONEER NAT RES CO COM 723787107 5,575 34,100 SH   DFND 1 2 3 4 6 34,100 0 0
QUAD / GRAPHICS INC COM CL A 747301109 0 2 SH   DFND 1 2 3 2 0 0
ROUSE PPTYS INC COM 779287101 23 1,206 SH   DFND 1 2 3 4 1,206 0 0
ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS R 780097747 1,058 43,000 SH   DFND 1 2 3 43,000 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 1,051 14,000 SH   DFND 1 2 3 4 6 14,000 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 725 10,000 SH   DFND 1 2 3 4 6 10,000 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,003 41,600 SH   DFND 1 2 3 4 6 41,600 0 0
SOLAR CAP LTD COM 83413U100 212 10,444 SH   DFND 1 2 3 4 10,444 0 0
SOLAR CAP LTD COM 83413U100 4,124 203,746 SH   DFND 1 2 3 4 5 203,746 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 25,065 680,000 SH   DFND 1 2 3 4 6 680,000 0 0
SPRINGLEAF HLDGS INC COM 85172J101 3,801,859 73,437,500 SH   DFND 1 2 3 4 73,437,500 0 0
STATE NATL COS INC COM 85711T305 34,825 3,500,000 SH   DFND 1 2 3 4 5 8 3,500,000 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 4,974 300,000 SH   DFND 1 2 3 4 6 300,000 0 0
U S CONCRETE INC COM NEW 90333L201 400 11,815 SH   DFND 1 2 3 11,815 0 0
VERINT SYS INC COM 92343X100 8 122 SH   DFND 1 2 3 122 0 0
VISA INC COM CL A 92826C839 392 6,000 SH   DFND 1 2 3 4 6 6,000 0 0
VISTEON CORP COM NEW 92839U206 5,784 60,000 SH   DFND 1 2 3 4 6 60,000 0 0
WILLBROS GROUP INC DEL COM 969203108 150 45,350 SH   DFND 1 2 3 4 45,350 0 0
WL ROSS HLDG CORP UNIT 06/11/2019 92939D203 4,016 383,250 SH   DFND 1 2 3 4 5 383,250 0 0
WL ROSS HLDG CORP UNIT 06/11/2019 92939D203 1,224 116,750 SH   DFND 1 2 3 4 116,750 0 0