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 1,384 2,000 SH   SOLE 2,000 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 1,440 77,039 SH   SOLE 77,039 0 0
APPLE INC COM 037833100 2,390 25,000 SH   SOLE 25,000 0 0
ARMSTRONG FLOORING INC COM 04238R106 848 50,000 SH   SOLE 50,000 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 1,661 22,500 SH   SOLE 22,500 0 0
CME GROUP INC COM 12572Q105 974 10,000 SH   SOLE 10,000 0 0
COMERICA INC *W EXP 11/14/201 200340115 885 68,053 SH   SOLE 68,053 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 1,626 55,000 SH   SOLE 55,000 0 0
INDEPENDENT BK GROUP INC COM 45384B106 382 9,030 SH   SOLE 9,030 0 0
INGERSOLL-RAND PLC SHS G47791101 2,926 45,950 SH   SOLE 45,950 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 3,072 12,000 SH   SOLE 12,000 0 0
INTERDIGITAL INC COM 45867G101 285 5,000 SH   SOLE 5,000 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 3,636 32,415 SH   SOLE 32,415 0 0
L BRANDS INC COM 501797104 2,685 40,000 SH   SOLE 40,000 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 557 7,500 SH   SOLE 7,500 0 0
MGIC INVT CORP WIS COM 552848103 4,358 732,430 SH   SOLE 732,430 0 0
MICROSOFT CORP COM 594918104 2,303 45,000 SH   SOLE 45,000 0 0
NUVEEN FLOATING RATE INCOME COM 67072T108 1,540 145,981 SH   SOLE 145,981 0 0
PAYPAL HLDGS INC COM 70450Y103 1,095 30,000 SH   SOLE 30,000 0 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 2,678 140,000 SH   SOLE 140,000 0 0
PIMCO DYNAMIC INCOME FD SHS 72201Y101 4,365 157,638 SH   SOLE 157,638 0 0
PIMCO MUNICIPAL INCOME FD COM 72200R107 526 31,600 SH   SOLE 31,600 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 2,049 69,500 SH   SOLE 69,500 0 0
REALOGY HLDGS CORP COM 75605Y106 5,012 172,700 SH   SOLE 172,700 0 0
SBA COMMUNICATIONS CORP COM 78388J106 4,082 37,813 SH   SOLE 37,813 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 3,638 73,000 SH   SOLE 73,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,420 6,578 SH   SOLE 6,578 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 217 19,600 SH   SOLE 19,600 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 762 100,000 SH   SOLE 100,000 0 0
STELLUS CAP INVT CORP COM 858568108 375 34,153 SH   SOLE 34,153 0 0
TALLGRASS ENERGY GP LP SHS CL A 874696107 232 10,272 SH   SOLE 10,272 0 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 3,134 115,000 SH   SOLE 115,000 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 2,332 28,000 SH   SOLE 28,000 0 0
WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 1,673 122,856 SH   SOLE 122,856 0 0
WESTERN ASSET MTG DEF OPPTY COM 95790B109 3,734 156,280 SH   SOLE 156,280 0 0