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
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 2,981 159,438 SH   SOLE 159,438 0 0
APPLE INC COM 037833100 2,725 25,000 SH   SOLE 25,000 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 1,598 22,500 SH   SOLE 22,500 0 0
COMERICA INC *W EXP 11/14/201 200340115 2,491 186,707 SH   SOLE 186,707 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 1,494 55,000 SH   SOLE 55,000 0 0
HFF INC CL A 40418F108 2,326 84,493 SH   SOLE 84,493 0 0
INDEPENDENT BK GROUP INC COM 45384B106 332 9,030 SH   SOLE 9,030 0 0
INGERSOLL-RAND PLC SHS G47791101 2,849 45,950 SH   SOLE 45,950 0 0
INTERDIGITAL INC COM 45867G101 288 5,000 SH   SOLE 5,000 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 3,716 33,815 SH   SOLE 33,815 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 534 7,500 SH   SOLE 7,500 0 0
MGIC INVT CORP WIS COM 552848103 7,269 947,697 SH   SOLE 947,697 0 0
NUVEEN FLOATING RATE INCOME COM 67072T108 1,461 141,181 SH   SOLE 141,181 0 0
PIMCO DYNAMIC INCOME FD SHS 72201Y101 1,936 70,466 SH   SOLE 70,466 0 0
PIMCO MUNICIPAL INCOME FD COM 72200R107 524 31,600 SH   SOLE 31,600 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 2,944 134,500 SH   SOLE 134,500 0 0
REALOGY HLDGS CORP COM 75605Y106 8,042 222,700 SH   SOLE 222,700 0 0
SBA COMMUNICATIONS CORP COM 78388J106 5,190 51,813 SH   SOLE 51,813 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 4,247 85,000 SH   SOLE 85,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,463 7,016 SH   SOLE 7,016 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 206 19,600 SH   SOLE 19,600 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 672 100,000 SH   SOLE 100,000 0 0
STELLUS CAP INVT CORP COM 858568108 201 19,153 SH   SOLE 19,153 0 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 3,525 125,000 SH   SOLE 125,000 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 2,359 28,000 SH   SOLE 28,000 0 0
WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 1,297 82,856 SH   SOLE 82,856 0 0
WESTERN ASSET MTG DEF OPPTY COM 95790B109 3,480 152,030 SH   SOLE 152,030 0 0