Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	LEVEL 3 COMMUNICATIONS INC	1,930,211	$89.52M	16.6%	$22.20	—	COM NEW	52729N308
—	CHIMERA INVT CORP	3,944,275	$62.91M	11.7%	$13.69	—	COM NEW	16934Q208
SUI	SUN CMNTYS INC	293,657	$23.05M	4.3%	$68.47	—	COM	866674104
—	WEST CORP	1,034,345	$22.9M	4.3%	$23.48	—	COM	952355204
—	SPX CORP	600	$19.73M	3.7%	—	—	Call	784635104
EPD	ENTERPRISE PRODS PARTNERS L	679,022	$18.76M	3.5%	$51.23	—	COM	293792107
—	CYS INVTS INC	2,139,532	$18.66M	3.5%	$8.46	—	COM	12673A108
—	ANNALY CAP MGMT INC	1,361,822	$14.3M	2.7%	$12.54	—	COM	035710409
BKD	BROOKDALE SR LIVING INC	810,940	$14.15M	2.6%	$25.17	-31.5%	COM	112463104
SYK	STRYKER CORP	131,220	$14.11M	2.6%	$56.92	+84.3%	COM	863667101
—	TWO HBRS INVT CORP	1,307,654	$11.15M	2.1%	$10.07	—	COM	90187B101
GS	GOLDMAN SACHS GROUP INC	69,000	$11.13M	2.1%	$120.06	+11.4%	COM	38141G104
—	BARRICK GOLD CORP	582,197	$10.32M	1.9%	$14.59	—	COM	067901108
SLRC	SOLAR CAP LTD	479,013	$9.829M	1.8%	$6.98	+19.7%	COM	83413U100
—	MFA FINL INC	1,218,300	$9.113M	1.7%	$7.97	—	COM	55272X102
—	MVC CAPITAL INC	1,091,953	$9.052M	1.7%	$11.11	—	COM	553829102
NEM	NEWMONT MINING CORP	192,763	$7.574M	1.4%	$17.09	+90.7%	COM	651639106
—	SOLAR SR CAP LTD	462,777	$7.502M	1.4%	$16.13	—	COM	83416M105
—	ELLINGTON FINANCIAL LLC	442,344	$7.374M	1.4%	$22.62	—	COM	288522303
ARI	APOLLO COML REAL EST FIN INC	389,286	$6.373M	1.2%	$15.82	—	COM	03762U105
PNNT	PENNANTPARK INVT CORP	748,056	$5.625M	1.0%	$2.40	+2.0%	COM	708062104
—	ZAIS FINL CORP	377,284	$5.444M	1.0%	$17.26	—	COM	98886K108
—	ALLIED WRLD ASSUR COM HLDG A	128,340	$5.188M	1.0%	$55.85	—	SHS	H01531104
NMFC	NEW MTN FIN CORP	350,515	$4.823M	0.9%	$4.01	+25.2%	COM	647551100
FDUS	FIDUS INVT CORP	229,830	$4.722M	0.9%	$4.72	+17.7%	COM	316500107
—	THL CR INC	487,803	$4.649M	0.9%	$11.61	—	COM	872438106
PFLT	PENNANTPARK FLOATING RATE CA	348,278	$4.608M	0.9%	$4.26	+14.1%	COM	70806A106
—	SPX CORP	3,515	$4.51M	0.8%	—	—	Put	784635104
CMCSA	COMCAST CORP NEW	60,000	$3.98M	0.7%	$23.76	+12.0%	CL A	20030N101
SYF	SYNCHRONY FINL	140,362	$3.93M	0.7%	$25.00	-12.1%	COM	87165B103
CSCO	CISCO SYS INC	120,000	$3.806M	0.7%	$15.24	+51.4%	COM	17275R102
C	CITIGROUP INC	79,400	$3.75M	0.7%	$31.24	+9.3%	COM NEW	172967424
GSBD	GOLDMAN SACHS BDC INC	168,279	$3.663M	0.7%	$22.59	-7.5%	SHS	38147U107
STWD	STARWOOD PPTY TR INC	160,853	$3.622M	0.7%	$23.47	—	COM	85571B105
—	NUSTAR ENERGY LP	70,406	$3.491M	0.6%	$45.65	—	UNIT COM	67058H102
BXMT	BLACKSTONE MTG TR INC	111,249	$3.276M	0.6%	$27.85	—	COM CL A	09257W100
—	MEDLEY CAP CORP	426,351	$3.253M	0.6%	$8.74	—	COM	58503F106
—	FACTORSHARES TR	116,600	$3.253M	0.6%	$25.72	—	ISE CYBER SEC	30304R407
NEWT	NEWTEK BUSINESS SVCS CORP	226,647	$3.232M	0.6%	$14.05	-4.7%	COM NEW	652526203
ZBH	ZIMMER BIOMET HLDGS INC	22,100	$2.873M	0.5%	$67.30	+70.0%	COM	98956P102
PFE	PFIZER INC	84,247	$2.853M	0.5%	$16.46	+35.2%	COM	717081103
—	TCP CAP CORP	167,136	$2.738M	0.5%	$14.18	—	COM	87238Q103
GM	GENERAL MTRS CO	79,149	$2.515M	0.5%	$26.01	-0.6%	COM	37045V100
MSFT	MICROSOFT CORP	42,400	$2.442M	0.5%	$26.70	+88.3%	COM	594918104
—	GENERAL ELECTRIC CO	79,952	$2.368M	0.4%	$23.19	—	COM	369604103
EXC	EXELON CORP	70,000	$2.33M	0.4%	$15.41	+17.4%	COM	30161N101
TRGP	TARGA RES CORP	47,178	$2.317M	0.4%	$15.07	+91.7%	COM	87612G101
—	ENERGY TRANSFER PRTNRS L P	61,380	$2.271M	0.4%	$52.20	—	UNIT LTD PARTN	29273R109
—	TC PIPELINES LP	38,000	$2.167M	0.4%	$48.29	—	UT COM LTD PRT	87233Q108
XOM	EXXON MOBIL CORP	23,240	$2.028M	0.4%	$53.69	+9.0%	COM	30231G102
KGC	KINROSS GOLD CORP	463,352	$1.951M	0.4%	$4.62	+4.3%	COM NO PAR	496902404
—	BUCKEYE PARTNERS L P	26,963	$1.931M	0.4%	$69.06	—	UNIT LTD PARTN	118230101
AXP	AMERICAN EXPRESS CO	30,000	$1.921M	0.4%	$50.49	+11.6%	COM	025816109
—	FIREEYE INC	119,800	$1.765M	0.3%	$18.30	—	COM	31816Q101
—	MAGELLAN MIDSTREAM PRTNRS LP	24,600	$1.74M	0.3%	$54.51	—	COM UNIT RP LP	559080106
—	JPMORGAN CHASE & CO	70,200	$1.729M	0.3%	$23.69	—	*W EXP 10/28/201	46634E114
THC	TENET HEALTHCARE CORP	75,000	$1.7M	0.3%	$26.03	0.0%	COM NEW	88033G407
SYNA	SYNAPTICS INC	25,073	$1.469M	0.3%	$66.96	-17.9%	COM	87157D109
LLY	LILLY ELI & CO	18,000	$1.445M	0.3%	$42.21	+62.5%	COM	532457108
HRZN	HORIZON TECHNOLOGY FIN CORP	106,472	$1.444M	0.3%	$3.32	+37.6%	COM	44045A102
—	TRANSATLANTIC PETROLEUM LTD	1,179,026	$1.438M	0.3%	$5.37	—	SHS NEW	G89982113
AAPL	APPLE INC	1,700	$1.433M	0.3%	—	—	Call	037833100
ABBV	ABBVIE INC	22,000	$1.388M	0.3%	$26.55	+65.4%	COM	00287Y109
—	MB FINANCIAL INC NEW	35,000	$1.331M	0.2%	$26.80	—	COM	55264U108
RIG	TRANSOCEAN LTD	121,138	$1.291M	0.2%	$24.77	-57.3%	REG SHS	H8817H100
—	SOLARCITY CORP	500	$1.115M	0.2%	—	—	Put	83416T100
ZTS	ZOETIS INC	21,174	$1.101M	0.2%	$29.32	+60.6%	CL A	98978V103
QCOM	QUALCOMM INC	16,000	$1.096M	0.2%	$37.73	+24.3%	COM	747525103
—	PLAINS GP HLDGS L P	82,000	$1.061M	0.2%	$25.78	—	SHS A REP LTPN	72651A108
—	TPG SPECIALTY LENDING INC	55,220	$1M	0.2%	$16.14	—	COM	87265K102
ABT	ABBOTT LABS	22,000	$930K	0.2%	$28.85	+25.3%	COM	002824100
—	LAYNE CHRISTENSEN CO	1,000,000	$882K	0.2%	$0.70	—	NOTE 4.250%11/1	521050AB0
MDLZ	MONDELEZ INTL INC	20,000	$878K	0.2%	$23.16	+52.1%	CL A	609207105
—	BOARDWALK PIPELINE PARTNERS	49,796	$854K	0.2%	$30.20	—	UT LTD PARTNER	096627104
—	AMERICAN CAPITAL AGENCY CORP	42,933	$839K	0.2%	$20.16	—	COM	02503X105
—	ISTAR INC	75,000	$805K	0.1%	$11.29	—	COM	45031U101
—	SILVER BAY RLTY TR CORP	36,791	$645K	0.1%	$16.55	—	COM	82735Q102
—	COLONY STARWOOD HOMES	22,350	$641K	0.1%	$24.74	—	COM	19625X102
CFG	CITIZENS FINL GROUP INC	24,000	$593K	0.1%	$17.55	-8.3%	COM	174610105
—	NUVEEN QUALITY MUNCP INCOME	37,385	$563K	0.1%	$15.06	—	COM	67066V101
PMT	PENNYMAC MTG INVT TR	35,500	$553K	0.1%	$15.46	—	COM	70931T103
—	TOTAL S A	11,100	$529K	0.1%	$48.70	—	SPONSORED ADR	89151E109
EARN	ELLINGTON RESIDENTIAL MTG RE	36,573	$475K	0.1%	$15.62	—	COM SHS BEN INT	288578107
—	APOLLO INVT CORP	80,800	$469K	0.1%	$8.48	—	COM	03761U106
GLW	CORNING INC	1,500	$425K	0.1%	—	—	Call	219350105
—	INVESCO QUALITY MUNI INC TRS	30,674	$423K	0.1%	$11.12	—	COM	46133G107
KBR	KBR INC	27,000	$409K	0.1%	$26.54	-51.4%	COM	48242W106
MCD	MCDONALDS CORP	250	$398K	0.1%	—	—	Call	580135101
—	AMERICAN CAP LTD	1,800	$374K	0.1%	$14.80	—	Call	02503Y103
—	EATON VANCE MUN BD FD	25,500	$347K	0.1%	$11.29	—	COM	27827X101
—	CALUMET SPECIALTY PRODS PTNR	69,547	$314K	0.1%	$36.38	—	UT LTD PARTNER	131476103
COP	CONOCOPHILLIPS	7,200	$313K	0.1%	$39.96	-22.1%	COM	20825C104
VALE	VALE S A	53,100	$292K	0.1%	$13.15	—	ADR	91912E105
QCOM	QUALCOMM INC	150	$281K	0.1%	$37.73	+24.3%	Call	747525103
—	OCWEN FINL CORP	76,400	$280K	0.1%	$13.85	—	COM NEW	675746309
HTGC	HERCULES CAPITAL INC	20,000	$271K	0.1%	$11.24	+18.7%	COM	427096508
RITM	NEW RESIDENTIAL INVT CORP	19,646	$271K	0.1%	$15.02	—	COM NEW	64828T201
MSFT	MICROSOFT CORP	300	$242K	0.0%	$26.70	+88.3%	Call	594918104
—	PENNEY J C INC	25,000	$231K	0.0%	$8.62	—	COM	708160106
—	SEADRILL LIMITED	500,000	$220K	0.0%	$0.53	—	SHS	G7945E105
—	DELL TECHNOLOGIES INC.	4,458	$213K	0.0%	$47.78	—	COM CL V	24703L103
BKD	BROOKDALE SR LIVING INC	669	$192K	0.0%	$25.17	-31.5%	Call	112463104
—	VALE S A	37,500	$177K	0.0%	$12.16	—	ADR REPSTG PFD	91912E204
—	INVESCO MORTGAGE CAPITAL INC	10,000	$152K	0.0%	$16.57	—	COM	46131B100
—	LEVEL 3 COMMUNICATIONS INC	800	$126K	0.0%	$22.20	—	Call	52729N308
—	ZAIS GROUP HLDGS INC	54,355	$125K	0.0%	$9.16	—	COM	98887G106
GS	GOLDMAN SACHS GROUP INC	200	$96,000	0.0%	$120.06	+11.4%	Put	38141G104
GM	GENERAL MTRS CO	300	$60,000	0.0%	$26.01	-0.6%	Call	37045V100
—	OCWEN FINL CORP	400	$2,000	0.0%	$13.85	—	Call	675746309