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
ALPHABET INC CAP STK CL C 02079K107 1,290 1,700 SH   SOLE 1,700 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 6,061 255,098 SH   SOLE 255,098 0 0
APPLE INC COM 037833100 2,053 19,500 SH   SOLE 19,500 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 13,226 205,400 SH   SOLE 205,400 0 0
CHIMERA INVT CORP COM NEW 16934Q208 1,997 146,400 SH   SOLE 146,400 0 0
CME GROUP INC COM 12572Q105 1,087 12,000 SH   SOLE 12,000 0 0
COMERICA INC *W EXP 11/14/201 200340115 3,862 275,650 SH   SOLE 275,650 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 1,150 55,000 SH   SOLE 55,000 0 0
HFF INC CL A 40418F108 5,287 170,179 SH   SOLE 170,179 0 0
INDEPENDENT BK GROUP INC COM 45384B106 261 9,030 SH   SOLE 9,030 0 0
INGERSOLL-RAND PLC SHS G47791101 4,476 80,950 SH   SOLE 80,950 0 0
INTERDIGITAL INC COM 45867G101 215 5,000 SH   SOLE 5,000 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 3,346 31,000 SH   SOLE 31,000 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 452 7,500 SH   SOLE 7,500 0 0
MGIC INVT CORP WIS COM 552848103 5,498 622,697 SH   SOLE 622,697 0 0
MICROSOFT CORP COM 594918104 6,150 110,859 SH   SOLE 110,859 0 0
NUVEEN FLOATING RATE INCOME COM 67072T108 1,310 138,458 SH   SOLE 138,458 0 0
PIMCO DYNAMIC INCOME FD SHS 72201Y101 1,616 62,266 SH   SOLE 62,266 0 0
PIMCO MUNICIPAL INCOME FD COM 72200R107 489 31,600 SH   SOLE 31,600 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 6,521 294,000 SH   SOLE 294,000 0 0
REALOGY HLDGS CORP COM 75605Y106 8,716 237,700 SH   SOLE 237,700 0 0
SBA COMMUNICATIONS CORP COM 78388J106 4,919 46,813 SH   SOLE 46,813 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 2,896 72,000 SH   SOLE 72,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,961 10,510 SH   SOLE 10,510 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 175 19,600 SH   SOLE 19,600 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 534 100,000 SH   SOLE 100,000 0 0
TALLGRASS ENERGY GP LP SHS CL A 874696107 5,898 369,288 SH   SOLE 369,288 0 0
TIME WARNER INC COM NEW 887317303 2,878 44,500 SH   SOLE 44,500 0 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 4,221 155,000 SH   SOLE 155,000 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 218 2,590 SH   SOLE 2,590 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 2,384 28,000 SH   SOLE 28,000 0 0
WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 2,584 126,097 SH   SOLE 126,097 0 0
WESTERN ASSET MTG DEF OPPTY COM 95790B109 3,341 145,910 SH   SOLE 145,910 0 0