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 35,928 1,845,314 SH   DFND 1 2 3 4 7 1,845,314 0 0
ALLY FINL INC COM 02005N100 34,150 1,754,002 SH   DFND 1 2 3 4 1,754,002 0 0
AMERICAN CAP LTD COM 02503Y103 25,917 1,532,547 SH   DFND 1 2 3 4 1,532,547 0 0
AMERICAN CAP LTD COM 02503Y103 30,794 1,821,030 SH   DFND 1 2 3 4 7 1,821,030 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 941 3,487 SH   DFND 1 2 3 4 3,487 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 37,126 137,517 SH   DFND 1 2 3 4 5 137,517 0 0
CONSUMER PORTFOLIO SVCS INC COM 210502100 1,867 406,734 SH   DFND 1 2 3 4 5 406,734 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 545 30,975 SH   DFND 1 2 3 4 30,975 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 9,366 748,644 SH   DFND 1 2 3 4 748,644 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 888 32,160 SH   DFND 1 2 3 4 32,160 0 0
HOWARD HUGHES CORP COM 44267D107 353 3,081 SH   DFND 1 2 3 4 3,081 0 0
HRG GROUP INC COM 40434J100 518,017 32,994,740 SH   DFND 1 2 3 4 5 6 32,994,740 0 0
INNOCOLL HLDGS PLC SHS G4783X105 23,737 4,085,469 SH   DFND 1 2 3 4 6 4,085,469 0 0
INTRAWEST RESORTS HLDGS INC COM 46090K109 438,560 27,038,250 SH   DFND 1 2 3 4 27,038,250 0 0
INVENTERGY GLOBAL INC COM NEW 46123X409 75 50,000 SH   DFND 1 2 3 4 50,000 0 0
MARATHON PATENT GROUP INC COM NEW 56585W203 378 134,409 SH   DFND 1 2 3 4 134,409 0 0
NATIONSTAR MTG HLDGS INC COM 63861C109 1,008,631 68,104,736 SH   DFND 1 2 3 4 68,104,736 0 0
NETLIST INC COM 64118P109 577 465,055 SH   DFND 1 2 3 4 465,055 0 0
NEW MEDIA INVT GROUP INC COM 64704V106 1,160 74,870 SH   DFND 1 2 3 4 74,870 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 7,161 518,545 SH   DFND 1 2 3 4 518,545 0 0
NEW SR INVT GROUP INC COM 648691103 1,995 172,848 SH   DFND 1 2 3 4 172,848 0 0
NEWCASTLE INVT CORP NEW COM PAR $0.01 65105M603 783 172,848 SH   DFND 1 2 3 4 172,848 0 0
NII HLDGS INC COM PAR $0.001 62913F508 3,690 1,108,012 SH   DFND 1 2 3 1,108,012 0 0
NRG ENERGY INC COM NEW 629377508 0 3 SH   DFND 1 2 3 3 0 0
ONEMAIN HLDGS INC COM 68268W103 2,272,891 73,437,500 SH   DFND 1 2 3 4 73,437,500 0 0
OPUS BK IRVINE CALIF COM 684000102 59,045 1,669,336 SH   DFND 1 2 3 4 1,669,336 0 0
OPUS BK IRVINE CALIF COM 684000102 121,013 3,421,339 SH   DFND 1 2 3 4 6 3,421,339 0 0
PARATEK PHARMACEUTICALS INC COM 699374302 5,644 433,804 SH   DFND 1 2 3 4 433,804 0 0
PENN NATL GAMING INC COM 707569109 2,429 179,018 SH   DFND 1 2 3 4 179,018 0 0
QUAD / GRAPHICS INC COM CL A 747301109 8 282 SH   DFND 1 2 3 282 0 0
SITO MOBILE LTD COM NEW 82988R203 2,033 461,954 SH   DFND 1 2 3 4 461,954 0 0
STATE NATL COS INC COM 85711T305 38,920 3,500,000 SH   DFND 1 2 3 4 5 7 3,500,000 0 0
U S CONCRETE INC COM NEW 90333L201 268 5,815 SH   DFND 1 2 3 5,815 0 0
VANGUARD INDEX FDS REIT ETF 922908553 12,395 142,900 SH Put DFND 1 2 3 4 5 142,900 0 0
VERINT SYS INC COM 92343X100 5 122 SH   DFND 1 2 3 122 0 0
WILLBROS GROUP INC DEL COM 969203108 85 45,350 SH   DFND 1 2 3 4 45,350 0 0
WMIH CORP COM 92936P100 332 142,223 SH   DFND 1 2 3 4 5 142,223 0 0
WMIH CORP COM 92936P100 37 15,916 SH   DFND 1 2 3 15,916 0 0
WMIH CORP COM 92936P100 10 4,076 SH   DFND 1 2 3 4 4,076 0 0