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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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
AIR LEASE CORP COM 00912x302 41,542 989,800 SH   SOLE   975,000 0 14,800
ALLIANCE RES PARTNER LP UT LTD COM 01877r108 10,616 578,534 SH   SOLE   568,187 0 10,347
ALPHABET INC CAP STK CLA COM 02079k305 10,163 9,000 SH   SOLE   9,000 0 0
AQUA METALS INC COM 03837j101 1,593 553,000 SH   SOLE   553,000 0 0
ATHENE HOLDING LTD COM USD COM g0684d107 10,250 233,796 SH   SOLE   233,796 0 0
BANK OF AMERICA CORP COM 060505104 8,457 300,000 SH   SOLE   300,000 0 0
CAESARS ENTERTAIN CORP COM 127686103 33,282 3,110,483 SH   SOLE   3,110,483 0 0
CARMAX INC COM 143130102 1,093 15,000 SH   SOLE   15,000 0 0
CASTLIGHT HEALTH INC CLB COM 14862q100 3,120 734,000 SH   SOLE   734,000 0 0
CATERPILLAR INC COM 149123101 27,270 201,000 SH   SOLE   201,000 0 0
CHEMOURS CO COM COM 163851108 15,167 341,900 SH   SOLE   341,900 0 0
COMCAST CORP NEW CLA COM 20030n101 13,042 397,500 SH   SOLE   397,500 0 0
D R HORTON INC COM COM 23331a109 15,785 385,000 SH   SOLE   385,000 0 0
DEERE AND COMPANY COM 244199105 22,374 160,045 SH   SOLE   160,045 0 0
DOWDUPONT INC COM 26078j100 7,910 120,000 SH   SOLE   120,000 0 0
ECO STIM ENERGY SOLUTIONS COM 27888d101 280 350,000 SH   SOLE   350,000 0 0
EMERSON ELECTRIC CO COM 291011104 16,352 236,505 SH   SOLE   236,505 0 0
EVEREST RE GROUP LTD COM g3223r108 9,219 40,000 SH   SOLE   40,000 0 0
FACEBOOK INC COM USD COM 30303m102 2,332 12,000 SH   SOLE   12,000 0 0
GARDNER DENVER HLDGS INC COM 36555p107 3,233 110,000 SH   SOLE   110,000 0 0
GCI LIBERTY INC COM CLASS A COM 36164v305 23,983 532,018 SH   SOLE   523,318 0 8,700
GENESIS ENERGY L P COM 371927104 6,463 295,000 SH   SOLE   266,000 0 29,000
HELIX ENERGY SOLUTIONS GROUP COM 42330p107 2,499 300,000 SH   SOLE   300,000 0 0
HI-CRUSH PARTNERS LP COM 428337109 1,417 120,079 SH   SOLE   120,079 0 0
HORNBECK OFFSHORE SVC 1.5 9/1/2019 CV NOTE 440543an6 2,550 3,000,000 PRN   SOLE   3,000,000 0 0
HUBBELL INC COM 443510607 26,224 248,000 SH   SOLE   248,000 0 0
ICHOR HOLDINGS SHS COM g4740b105 14,257 671,877 SH   SOLE   671,877 0 0
JPMORGAN CHASE AND CO COM 46625h100 4,168 40,000 SH   SOLE   40,000 0 0
KKR AND CO INC CL A COM 48251w104 1,243 50,000 SH   SOLE   50,000 0 0
LENNAR CORP CL A COM 526057104 10,269 195,600 SH   SOLE   195,600 0 0
LIBERTY BROADBAND CORP CL A COM 530307107 1,362 18,000 SH   SOLE   18,000 0 0
LIBERTY BROADBAND CORP CL C COM 530307305 2,726 36,000 SH   SOLE   36,000 0 0
LIBERTY MEDIA CORP BRAVES GRP CL C COM 531229888 635 24,553 SH   SOLE   24,553 0 0
LIBERTY MEDIA CORP FORMULA ONE CL A COM 531229870 636 18,000 SH   SOLE   18,000 0 0
LIBERTY MEDIA CORP FORMULA ONE CL C COM 531229854 1,337 36,000 SH   SOLE   36,000 0 0
LIBERTY MEDIA CORP SIRIUSXM A COM 531229409 3,244 72,000 SH   SOLE   72,000 0 0
LIBERTY MEDIA CORP SIRIUSXM C COM 531229607 6,532 144,000 SH   SOLE   144,000 0 0
LIQTECH INTL INC COM 53632a102 193 259,000 SH   SOLE   259,000 0 0
MACQUARIE INFRASTRUCTURE CORP COM 55608b105 43,783 1,037,511 SH   SOLE   1,031,618 0 5,893
MAGELLAN MIDSTREAM PRTNRS LP COM 559080106 3,592 52,000 SH   SOLE   52,000 0 0
MARTIN MARIETTA MATERIALS INC COM 573284106 20,770 93,000 SH   SOLE   93,000 0 0
MEDALLION FINL CORP COM 583928106 1,644 300,000 SH   SOLE   250,000 0 50,000
MELCO RESORTS AND ENTERTAINMENT COM 585464100 4,760 170,000 SH   SOLE   170,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 17,811 613,528 SH   SOLE   613,528 0 0
MICROSOFT CORP COM 594918104 9,861 100,000 SH   SOLE   100,000 0 0
NEW MEDIA INVESTMENT GROUP INC COM 64704v106 1,737 94,000 SH   SOLE   94,000 0 0
OXFORD LANE CAPITAL CORP COM 691543102 4,353 417,709 SH   SOLE   185,111 0 232,598
OXFORD SQUARE CAP CORP COM 69181v107 4,161 603,000 SH   SOLE   403,000 0 200,000
PARKER HANNIFIN CORP COM 701094104 2,182 14,000 SH   SOLE   14,000 0 0
SINCLAIR BROADCAST GROUP INC COM 829226109 1,929 60,000 SH   SOLE   60,000 0 0
SLM CORP COM COM 78442p106 15,458 1,350,000 SH   SOLE   1,350,000 0 0
SPX CORP COM USD COM 784635104 33,110 944,655 SH   SOLE   944,655 0 0
TRILOGY METALS INC COM 89621c105 18,294 10,277,412 SH   SOLE   10,187,412 0 90,000
UNITED RENTALS INC COM 911363109 23,324 158,000 SH   SOLE   158,000 0 0
VANGUARD INTL EQ INDEX FTSE ALL WORLD COM 922042775 1,814 35,000 SH   SOLE   0 0 35,000
VANGUARD INTL EQ INDEX FTSE EMERG MKTS COM 922042858 844 20,000 SH   SOLE   0 0 20,000
VULCAN MATERIALS CO COM 929160109 19,875 154,000 SH   SOLE   154,000 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 16,971 769,300 SH   SOLE   760,300 0 9,000
WMIH CORP COM 92936p100 484 361,472 SH   SOLE   361,472 0 0
WPX ENERGY INC PFD SER A CV PFD 98212b202 25,521 338,301 SH   SOLE   338,301 0 0
CALL (MLM) MARTIN MARIETTA AUG 17 230 CALL 3703499nj 352 550 SH Call SOLE   550 0 0
CALL (URI) UNITED RENTALS SEP 21 180 CALL 3556149uo 280 1,648 SH Call SOLE   1,648 0 0