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
ADVANCED MICRO DEV COM 007903107 360 135,000 SH   SOLE   135,000 0 0
ALCATEL-LUCENT COM 013904305 559 157,500 SH   SOLE   157,500 0 0
ALLY FINL INC COM 02005N100 1,252 53,000 SH   SOLE   53,000 0 0
AMERICAN RESIDENTIAL PPTY COM 02927E303 53 3,000 SH   SOLE   3,000 0 0
ANADARKO PETROLEUM COM 032511107 470 5,700 SH   SOLE   5,700 0 0
APOLLO INVT CORP COM 03761U106 616 83,000 SH   SOLE   83,000 0 0
APPLE INC COM 037833100 2,875 26,050 SH   SOLE   26,050 0 0
ARCH COAL INC COM 039380100 125 70,000 SH   SOLE   70,000 0 0
AVON PRODS COM 054303102 7 700 SH   SOLE   700 0 0
BP PLC COM 055622104 1,067 28,000 SH   SOLE   28,000 0 0
BAKER HUGHES INC COM 057224107 336 6,000 SH   SOLE   6,000 0 0
BANCO SANTANDER S.A. COM 05964H105 592 71,102 SH   SOLE   71,102 0 0
BANK OF AMERICA COM 060505104 1,115 62,300 SH   SOLE   62,300 0 0
BANK OF AMERICA WARRENTS COM 060505146 441 62,679 SH   SOLE   62,679 0 0
CBS COM 124857202 1,085 19,600 SH   SOLE   19,600 0 0
CIT GROUP COM 125581801 483 10,100 SH   SOLE   10,100 0 0
CALIFORNIA RES CORP COM 13057Q107 814 147,800 SH   SOLE   147,800 0 0
CARPENTER TECHNOLOGY COM 144285103 655 13,300 SH   SOLE   13,300 0 0
CHEGG INC COM 163092109 273 39,500 SH   SOLE   39,500 0 0
CISCO SYS COM 17275R102 120 4,300 SH   SOLE   4,300 0 0
CITIGROUP COM 172967424 1,477 27,300 SH   SOLE   27,300 0 0
CLIFFS NAT RES INC COM 18683K408 13 2,000 SH   SOLE   2,000 0 0
COLONY FINANCIAL INC CONV BD 3.875 19624RAB2 102 100,000 PRN   SOLE   100,000 0 0
CONTINENTAL RESOURCES INC COM 212015101 510 13,300 SH   SOLE   13,300 0 0
DIEBOLD INC COM 253651103 589 17,000 SH   SOLE   17,000 0 0
DIREXION DAILY S&P500 BEAR 3X S&P BEAR 3X 25459Y371 1,236 60,000 SH   SOLE   60,000 0 0
DIREXION DAILY FINL BEAR 3X SH FINL BEAR 3X 25459Y447 215 17,000 SH   SOLE   17,000 0 0
EBAY INC COM 278642103 191 3,400 SH   SOLE   3,400 0 0
ELLINGTON FINANCIAL LLC COM 288522303 980 49,100 SH   SOLE   49,100 0 0
FIFTH STREET FINANCE CORP COM 31678A103 473 59,000 SH   SOLE   59,000 0 0
FIREEYE INC COM 31816Q101 284 9,000 SH   SOLE   9,000 0 0
FORD MOTOR COM 345370860 434 28,000 SH   SOLE   28,000 0 0
FREEPORT-MCMORAN COPPER COM 35671D857 818 35,000 SH   SOLE   35,000 0 0
GSV CAP CORP COM 36191J101 386 44,700 SH   SOLE   44,700 0 0
GENERAL ELECTRIC COM 369604103 1,266 50,100 SH   SOLE   50,100 0 0
GENWORTH FINL INC COM 37247D106 1,292 152,000 SH   SOLE   152,000 0 0
GOLDMAN SACHS GROUP COM 38141G104 184 950 SH   SOLE   950 0 0
GOLDMAN SACHS PFD 6.21 PFD 6.2 38144X500 10 400 SH   SOLE   400 0 0
GOPRO INC COM 38268T103 1,062 16,800 SH   SOLE   16,800 0 0
HALLIBURTON CO COM 406216101 802 20,400 SH   SOLE   20,400 0 0
INTL BUSINESS MACH COM 459200101 321 2,000 SH   SOLE   2,000 0 0
INVENSENSE INC COM 46123D205 862 53,000 SH   SOLE   53,000 0 0
JAKKS PAC INC COM 47012E106 330 48,500 SH   SOLE   48,500 0 0
MEDALLION FINL CORP COM 583928106 45 4,500 SH   SOLE   4,500 0 0
MORGAN STANLEY COM 617446448 225 5,800 SH   SOLE   5,800 0 0
NEWMONT MINING COM 651639106 1,066 56,400 SH   SOLE   56,400 0 0
NU SKIN ENTERPRISES INC COM 67018T105 57 1,300 SH   SOLE   1,300 0 0
OCH ZIFF CAP MGMT GROUP COM 67551U105 631 54,000 SH   SOLE   54,000 0 0
OCWEN FINL CORP COM 675746309 621 41,100 SH   SOLE   41,100 0 0
PROVINCE OF ONTARIO CONV BD 3.15 68323AAC8 262 250,000 PRN   SOLE   250,000 0 0
OWENS CORNING NEW COM 690742101 462 12,900 SH   SOLE   12,900 0 0
PACIFIC COAST OIL TR COM 694103102 223 43,500 SH   SOLE   43,500 0 0
PEABODY ENERGY CORP COM 704549104 402 52,000 SH   SOLE   52,000 0 0
PENNEY J C INC COM 708160106 1,023 157,800 SH   SOLE   157,800 0 0
PROSHR ULTRASHORT TR 20+ YRS T ULTSH 20 YRS 74347B201 2,088 45,000 SH   SOLE   45,000 0 0
PROSPECT CAPITAL CORP COM 74348T102 83 10,000 SH   SOLE   10,000 0 0
RAYONIER INC COM 754907103 293 10,500 SH   SOLE   10,500 0 0
RAYONIER ADVANCED MATLS I COM 75508B104 546 24,500 SH   SOLE   24,500 0 0
ROCKET FUEL INC COM 773111109 193 12,000 SH   SOLE   12,000 0 0
ST JOE CO COM 790148100 129 7,000 SH   SOLE   7,000 0 0
SANTANDER CONSUMER USA HD COM 80283M101 1,767 90,100 SH   SOLE   90,100 0 0
SILICON GRAPHICS INTL COR COM 82706L108 290 25,500 SH   SOLE   25,500 0 0
TRI POINTE HOMES INC COM 87265H109 1,110 72,800 SH   SOLE   72,800 0 0
TWITTER INC COM 90184L102 466 13,000 SH   SOLE   13,000 0 0
WALTER ENERGY INC COM 93317Q105 98 71,000 SH   SOLE   71,000 0 0
WALTER INVT MGMT CORP COM 93317W102 1,519 92,000 SH   SOLE   92,000 0 0
WHITING PETE CORP NEW COM 966387102 363 11,000 SH   SOLE   11,000 0 0
HERBALIFE LTD COM G4412G101 271 7,200 SH   SOLE   7,200 0 0
WEATHERFORD INTERNATIONAL COM G48833100 355 31,000 SH   SOLE   31,000 0 0
TRANSOCEAN INC COM H8817H100 330 18,000 SH   SOLE   18,000 0 0