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
ADIENT PLC ORD SHS G0084W101 2,696 46,000 SH   SOLE 1, 2, 3 46,000 0 0
AETNA INC NEW COM 00817Y108 18,564 149,700 SH   SOLE 1, 2, 3 149,700 0 0
AIR LEASE CORP CL A 00912X302 19,933 580,629 SH   SOLE 1, 2, 3 580,629 0 0
ALPHABET INC CAP STK CL C 02079K107 38,437 49,800 SH   SOLE 1, 2, 3 49,800 0 0
ANTERO RES CORP COM 03674X106 27,615 1,167,664 SH   SOLE 1, 2, 3 1,167,664 0 0
ARCH COAL INC CL A 039380407 19,833 254,100 SH   SOLE 1, 2, 3 254,100 0 0
AUTODESK INC COM 052769106 740 10,000 SH   SOLE 1, 2, 3 10,000 0 0
B/E AEROSPACE INC COM 073302101 5,310 88,221 SH   SOLE 1, 2, 3 88,221 0 0
BAKER HUGHES INC COM 057224107 14,098 217,000 SH   SOLE 1, 2, 3 217,000 0 0
CENTENNIAL RESOURCE DEV INC *W EXP 02/23/202 15136A110 1,987 235,336 SH   SOLE 1, 2, 3 235,336 0 0
CHENIERE ENERGY INC COM NEW 16411R208 10,689 258,000 SH   SOLE 1, 2, 3 258,000 0 0
CHENIERE ENERGY PTNRS LP HLD COM REP LLC IN 16411W108 1,365 61,000 SH   SOLE 1, 2, 3 61,000 0 0
CIT GROUP INC COM NEW 125581801 5,676 133,000 SH   SOLE 1, 2, 3 133,000 0 0
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 398 1,000,000 PRN   SOLE 1, 2, 3 1,000,000 0 0
COLONY CAP INC CL A 19624R106 18,347 906,032 SH   SOLE 1, 2, 3 906,032 0 0
COMPUTER SCIENCES CORP COM 205363104 6,125 103,080 SH   SOLE 1, 2, 3 103,080 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 6,267 114,000 SH   SOLE 1, 2, 3 114,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 22,501 457,439 SH   SOLE 1, 2, 3 457,439 0 0
FAIRMOUNT SANTROL HLDGS INC COM 30555Q108 19,815 1,680,688 SH   SOLE 1, 2, 3 1,680,688 0 0
GENWORTH FINL INC COM CL A 37247D106 403 105,900 SH   SOLE 1, 2, 3 105,900 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 20,898 87,273 SH   SOLE 1, 2, 3 87,273 0 0
GULFPORT ENERGY CORP COM NEW 402635304 28,953 1,337,928 SH   SOLE 1, 2, 3 1,337,928 0 0
HESS CORP COM 42809H107 9,032 145,000 SH   SOLE 1, 2, 3 145,000 0 0
HOUGHTON MIFFLIN HARCOURT CO COM 44157R109 109 10,000 SH   SOLE 1, 2, 3 10,000 0 0
KINDER MORGAN INC DEL COM 49456B101 6,648 321,000 SH   SOLE 1, 2, 3 321,000 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 20,527 239,300 SH   SOLE 1, 2, 3 239,300 0 0
MARATHON PETE CORP COM 56585A102 31,977 635,102 SH   SOLE 1, 2, 3 635,102 0 0
MBIA INC COM 55262C100 587 54,843 SH   SOLE 1, 2, 3 54,843 0 0
MICRON TECHNOLOGY INC COM 595112103 5,064 231,000 SH   SOLE 1, 2, 3 231,000 0 0
MONSANTO CO NEW COM 61166W101 14,971 142,300 SH   SOLE 1, 2, 3 142,300 0 0
NAVISTAR INTL CORP NEW NOTE 4.500%10/1 63934EAQ1 11,888 12,000,000 PRN   SOLE 1, 2, 3 12,000,000 0 0
NEWFIELD EXPL CO COM 651290108 3,558 87,842 SH   SOLE 1, 2, 3 87,842 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 13,298 891,280 SH   SOLE 1, 2, 3 891,280 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 6,574 433,939 SH   SOLE 1, 2, 3 433,939 0 0
PARSLEY ENERGY INC CL A 701877102 38,954 1,105,400 SH   SOLE 1, 2, 3 1,105,400 0 0
PATTERSON UTI ENERGY INC COM 703481101 1,615 60,000 SH   SOLE 1, 2, 3 60,000 0 0
PPG INDS INC COM 693506107 20,931 220,884 SH   SOLE 1, 2, 3 220,884 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 13,062 320,000 SH   SOLE 1, 2, 3 320,000 0 0
RADIAN GROUP INC COM 750236101 10,443 580,792 SH   SOLE 1, 2, 3 580,792 0 0
RANGE RES CORP COM 75281A109 5,116 148,904 SH   SOLE 1, 2, 3 148,904 0 0
RICE ENERGY INC COM 762760106 9,052 424,000 SH   SOLE 1, 2, 3 424,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 63,355 578,000 SH   SOLE 1, 2, 3 578,000 0 0
STARWOOD PPTY TR INC COM 85571B105 20,508 934,316 SH   SOLE 1, 2, 3 934,316 0 0
TEEKAY OFFSHORE PARTNERS L P PARTNERSHIP UN Y8565J101 3,122 617,034 SH   SOLE 1, 2, 3 617,034 0 0
UNITED CONTL HLDGS INC COM 910047109 18,740 257,135 SH   SOLE 1, 2, 3 257,135 0 0
VALIDUS HOLDINGS LTD COM SHS G9319H102 6,601 120,000 SH   SOLE 1, 2, 3 120,000 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 20,906 422,000 SH   SOLE 1, 2, 3 422,000 0 0
YAHOO INC COM 984332106 2,707 70,000 SH   SOLE 1, 2, 3 70,000 0 0