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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AG MTG INVT TR INC COM NEW 001228501 BBG001V0PK00 235,047 44,265 SH   SOLE 1 44,265 0 0
AMC ENTMT HLDGS INC CL A COM 00165C104 BBG001SZYYL4 24,641,001 6,054,300 SH Put SOLE 1 6,054,300 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 BBG005P7Q907 19,334,400 1,520,000 SH Put SOLE 1 1,520,000 0 0
ANYWHERE REAL ESTATE INC COM 75605Y106 BBG001SSDCC1 803,057 125,674 SH   SOLE 1 125,674 0 0
ARCTOS NORTHSTAR ACQUIS CORP *W EXP 99/99/999 G0477L126   1,586 37,498 SH   SOLE 1 37,498 0 0
ARES ACQUISITION CORPORATION *W EXP 02/02/202 G33032122   21,351 45,788 SH   SOLE 1 45,788 0 0
ARES MANAGEMENT CORPORATION CL A COM STK 03990B101 BBG0068KVVC7 793,904 11,600 SH   SOLE 1 11,600 0 0
ARES MANAGEMENT CORPORATION CL A COM STK 03990B101 BBG0068KVVC7 7,870,600 115,000 SH Put SOLE 1 115,000 0 0
ARROWROOT ACQUISITION CORP *W EXP 03/02/202 04282M110   570 49,999 SH   SOLE 1 49,999 0 0
AXOS FINANCIAL INC COM 05465C100 BBG001SLZ724 787,332 20,600 SH Put SOLE 1 20,600 0 0
BAUSCH HEALTH COS INC COM 071734107 BBG001S7WDP0 2,279,640 363,000 SH   SOLE 1 363,000 0 0
BIOTE CORP *W EXP 05/26/202 090683111   7,468 24,999 SH   SOLE 1 24,999 0 0
BLUERIVER ACQUISITION CORP *W EXP 01/04/202 G1261Q115   291 18,332 SH   SOLE 1 18,332 0 0
CARS COM INC COM 14575E105 BBG001SP6HB5 688,500 50,000 SH Put SOLE 1 50,000 0 0
COMPASS INC CL A 20464U100 BBG00J5SXTJ1 930,572 399,387 SH   SOLE 1 399,387 0 0
CONSTELLATION ACQUISITN CORP *W EXP 01/29/202 G2R18K113   400 13,333 SH   SOLE 1 13,333 0 0
CORAZON CAPITAL V838 MONOCER *W EXP 03/24/202 G24237128   850 33,333 SH   SOLE 1 33,333 0 0
D R HORTON INC COM 23331A109 BBG001S8M692 89 1 SH   SOLE 1 1 0 0
D R HORTON INC COM 23331A109 BBG001S8M692 4,457,000 50,000 SH Put SOLE 1 50,000 0 0
DHC ACQUISITION CORP *W EXP 02/25/202 G2758T117   750 49,998 SH   SOLE 1 49,998 0 0
DISH NETWORK CORPORATION NOTE 2.375% 3/1 25470MAD1   8,875,298 9,790,000 PRN   SOLE 1 9,790,000 0 0
ELLINGTON FINANCIAL INC COM 28852N109 BBG001SQ6V04 11,468,734 927,141 SH   SOLE   927,141 0 0
ELLINGTON RESIDENTIAL MTG RE COM SHS BEN INT 288578107 BBG004DFMB86 1,022,730 149,086 SH   SOLE   149,086 0 0
ESM ACQUISITION CORPORATION *W EXP 02/02/202 G3195H112   3,877 33,333 SH   SOLE 1 33,333 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 BBG006N7S6J1 4,138,200 110,000 SH Call SOLE 1 110,000 0 0
FIRST RESERVE SUSTAINABLE GW *W EXP 03/05/202 336169115   159 12,499 SH   SOLE 1 12,499 0 0
FREEDOM ACQUISITION I CORP *W EXP 03/02/202 G3663X128   4,998 24,999 SH   SOLE 1 24,999 0 0
FTAC HERA ACQUISITION CORP *W EXP 02/28/202 G3728Y111   1,375 49,999 SH   SOLE 1 49,999 0 0
GLOBALSTAR INC COM 378973408 BBG001SPN4X1 5,985,000 4,500,000 SH   SOLE 1 4,500,000 0 0
GLOBALSTAR INC COM 378973408 BBG001SPN4X1 17,312,344 13,016,800 SH Call SOLE 1 13,016,800 0 0
GOLDEN ARROW MERGER CORP *W EXP 07/31/202 380799114   415 49,999 SH   SOLE 1 49,999 0 0
GREAT AJAX CORP COM 38983D300 BBG008200KY7 1,986,377 273,983 SH   SOLE 1 273,983 0 0
IMPAC MTG HLDGS INC COM NEW 45254P508 BBG001S8MXK0 6,610 38,743 SH   SOLE 1 38,743 0 0
INDEPENDENCE HOLDINGS CORP *W EXP 03/31/202 G4761A127   220 35,999 SH   SOLE 1 35,999 0 0
INVESCO EXCH TRADED FD TR II SR LN ETF 46138G508 BBG001V0MBC0 6,159,000 300,000 SH Put SOLE 1 300,000 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 BBG001S9GN63 275,866,080 1,036,000 SH Put SOLE 1 1,036,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 BBG001ST0ZQ7 10,521,064 142,891 SH   SOLE 1 142,891 0 0
ISHARES TR IBOXX HI YD ETF 464288513 BBG001ST0ZQ7 54,486,200 740,000 SH Put SOLE 1 740,000 0 0
ISHARES TR US HOME CONS ETF 464288752 BBG001SQZTR8 9,090,750 150,000 SH Put SOLE 1 150,000 0 0
ITIQUIRA ACQUISITION CORP *W EXP 02/03/202 G49773115   80 10,000 SH   SOLE 1 10,000 0 0
JAWS MUSTANG ACQUISITION COR *W EXP 01/30/202 G50737124   812 12,499 SH   SOLE 1 12,499 0 0
KERNEL GROUP HOLDINGS INC *W EXP 02/02/202 G5259L129   428 75,000 SH   SOLE 1 75,000 0 0
KISMET ACQUISITION TWO CORP *W EXP 06/30/202 G52807115   265 41,032 SH   SOLE 1 41,032 0 0
LAZARD GROWTH ACQUISITION CO *W EXP 02/10/202 G54035111   66 10,998 SH   SOLE 1 10,998 0 0
LIVE OAK MOBILITY ACQUISI CO *W EXP 03/04/202 538126111   2,800 19,998 SH   SOLE 1 19,998 0 0
LOANDEPOT INC COM CL A 53946R106 BBG00B5Z6KL8 275,492 166,965 SH   SOLE 1 166,965 0 0
LOCAL BOUNTI CORP *W EXP 99/99/999 53960E114   3,032 18,398 SH   SOLE 1 18,398 0 0
MARATHON DIGITAL HOLDINGS IN COM 565788106 BBG001V0L7T2 5,130,000 1,500,000 SH Put SOLE 1 1,500,000 0 0
MASTERBRAND INC COMMON STOCK 57638P104 BBG01B9G4424 8,105,227 1,073,540 SH   SOLE 1 1,073,540 0 0
MFA FINL INC COM 55272X607 BBG001S86YS8 15,330,087 1,556,354 SH   SOLE 1 1,556,354 0 0
MR COOPER GROUP INC COM 62482R107 BBG002V09956 18,931,328 471,750 SH   SOLE 1 471,750 0 0
MR COOPER GROUP INC COM 62482R107 BBG002V09956 9,530,875 237,500 SH Call SOLE 1 237,500 0 0
NEW YORK MTG TR INC COM PAR $.02 649604501 BBG001SHHBR7 6,059,720 2,367,078 SH   SOLE 1 2,367,078 0 0
NORTH ATLANTIC ACQUISITN COR *W EXP 10/20/202 G66139125   337 16,666 SH   SOLE 1 16,666 0 0
OPENDOOR TECHNOLOGIES INC COM 683712103 BBG00SHY8ZR0 580,000 500,000 SH   SOLE 1 500,000 0 0
OPENDOOR TECHNOLOGIES INC COM 683712103 BBG00SHY8ZR0 348,000 300,000 SH Call SOLE 1 300,000 0 0
OPORTUN FINL CORP COM 68376D104 BBG001S8N4V1 3,738,744 678,538 SH   SOLE 1 678,538 0 0
ORCHID IS CAP INC COM NEW 68571X301 BBG001V18CW0 105,000 10,000 SH   SOLE 1 10,000 0 0
PATHFINDER ACQUISITION CORP *W EXP 02/19/202 G04119122   3,413 14,837 SH   SOLE 1 14,837 0 0
PAYPAL HLDGS INC COM 70450Y103 BBG0077VNXW5 142 2 SH   SOLE 1 2 0 0
PAYPAL HLDGS INC COM 70450Y103 BBG0077VNXW5 2,044,014 28,700 SH Call SOLE 1 28,700 0 0
PENNYMAC CORP NOTE 5.500% 3/1 70932AAF0   820,928 1,000,000 PRN   SOLE 1 1,000,000 0 0
PENNYMAC CORP NOTE 5.500%11/0 70932AAD5   1,127,051 1,250,000 PRN   SOLE 1 1,250,000 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 BBG00LMYX132 668,418 11,797 SH   SOLE 1 11,797 0 0
PENNYMAC MTG INVT TR COM 70931T103 BBG001T1MJR8 854,960 69,004 SH   SOLE 1 69,004 0 0
PERIDOT ACQUISITION CORP II *W EXP 04/30/202 G7008B121   3,269 69,999 SH   SOLE 1 69,999 0 0
POWERED BRANDS *W EXP 01/07/202 G7209M116   10 33,332 SH   SOLE 1 33,332 0 0
PRIVETERRA ACQUISITION CORP *W EXP 02/28/202 74275N110   1,140 24,999 SH   SOLE 1 24,999 0 0
REDFIN CORP COM 75737F108 BBG001V1F423 296,800 70,000 SH   SOLE 1 70,000 0 0
REDWOOD TR INC COM 758075402 BBG001SBHVP8 4,383,792 648,490 SH   SOLE 1 648,490 0 0
RITHM CAPITAL CORP COM NEW 64828T201 BBG003T1GM12 5,001,094 612,129 SH   SOLE 1 612,129 0 0
RITHM CAPITAL CORP COM NEW 64828T201 BBG003T1GM12 9,686,352 1,185,600 SH Call SOLE 1 1,185,600 0 0
RMG ACQUISITION CORP III *W EXP 02/08/202 G76088122   300 10,000 SH   SOLE 1 10,000 0 0
ROCKET COS INC COM CL A 77311W101 BBG00VY1MZN4 8,400,000 1,200,000 SH Call SOLE 1 1,200,000 0 0
SCION TECH GROWTH II *W EXP 01/28/202 G31070116   180 50,000 SH   SOLE 1 50,000 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605 BBG001S7T223 28,215,000 825,000 SH Put SOLE 1 825,000 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 BBG001S8H000 743,814 31,992 SH   SOLE 1 31,992 0 0
SLAM CORP *W EXP 02/23/202 G8210L121   1,760 19,999 SH   SOLE 1 19,999 0 0
SMARTRENT INC COM CL A 83193G107 BBG00Z0H9PZ1 1,428,186 587,731 SH   SOLE 1 587,731 0 0
SOCIAL LEVERAGE ACQUISN CORP *W EXP 02/17/202 83363K110   747 12,499 SH   SOLE 1 12,499 0 0
SPDR GOLD TR GOLD SHS 78463V107 BBG001SCPX28 7,192,736 42,400 SH Put SOLE 1 42,400 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 BBG001S72SM3 11,855 31 SH   SOLE 1 31 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 BBG001S72SM3 38,242,999 100,000 SH Put SOLE 1 100,000 0 0
SUSTAINABLE DEVELP ACQU I CO *W EXP 02/04/202 86934L111   1,000 25,000 SH   SOLE 1 25,000 0 0
TH INTERNATIONAL LIMITED *W EXP 09/28/202 G8656L114   3,003 25,000 SH   SOLE 1 25,000 0 0
TWELVE SEAS INVESTMENT CO II *W EXP 03/02/202 90118T114   262 16,666 SH   SOLE 1 16,666 0 0
TZP STRATEGIES ACQUISTN CORP *W EXP 01/06/202 G91595119   517 21,109 SH   SOLE 1 21,109 0 0
VPC IMPACT ACQUISITION HLDG *W EXP 03/05/202 G9460L118   3,737 124,999 SH   SOLE 1 124,999 0 0
VROOM INC NOTE 0.750% 7/0 92918VAB5   3,198,346 9,005,000 PRN   SOLE 1 9,005,000 0 0