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

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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
CITIGROUP INC COM NEW 172967424 11,571 245,000 SH   SOLE   0 245,000 0
DIREXION SHS ETF TR DLY S&P 500 BEAR 25459Y371 246 20,000 SH   SOLE   0 20,000 0
DYNEGY INC NEW DEL COM 26817R108 1,673 135,000 SH   SOLE   0 135,000 0
HOME BANCSHARES INC COM 436893200 23,407 1,124,778 SH   SOLE   0 1,124,778 0
ITT EDUCATIONAL SERVICES INC COM 45068B109 4 102,569 SH   SOLE   0 102,569 0
LAS VEGAS SANDS CORP COM 517834107 288 5,000 SH   SOLE   0 5,000 0
NEW YORK MTG TR INC COM PAR $.02 649604501 1,078 179,000 SH   SOLE   0 179,000 0
ONEMAIN HLDGS INC COM 68268W103 40,155 1,297,400 SH   SOLE   0 1,297,400 0
PACIRA PHARMACEUTICALS INC COM 695127100 4,757 139,000 SH   SOLE   0 139,000 0