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
BONANZA CREEK ENERGY INC COM NEW 097793400 1,555 56,110 SH   DFND 2 56,110 0 0
BOTTOMLINE TECH DEL INC COM 101388106 2,558 66,000 SH   DFND 2 66,000 0 0
BOTTOMLINE TECH DEL INC COM 101388106 1,938 50,000 SH Call DFND 2 50,000 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 2,268 87,850 SH   DFND 2 87,850 0 0
CHEGG INC COM 163092109 826 40,000 SH   DFND 2 40,000 0 0
CISCO SYS INC COM 17275R102 1,072 25,000 SH   SOLE   25,000 0 0
CISCO SYS INC COM 17275R102 1,072 25,000 SH   DFND 2 25,000 0 0
CLIPPER RLTY INC COM 18885T306 6,274 740,740 SH   SOLE   740,740 0 0
COEUR MNG INC COM NEW 192108504 1,000 125,000 SH   DFND 2 125,000 0 0
DOLLAR TREE INC COM 256746108 712 7,500 SH   SOLE   7,500 0 0
DYCOM INDS INC COM 267475101 1,184 11,000 SH   DFND 2 11,000 0 0
EQT CORP COM 26884L109 261 5,500 SH   DFND 2 5,500 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 1,977 100,000 SH   SOLE   100,000 0 0
EXXON MOBIL CORP COM 30231G102 448 6,000 SH   DFND 2 6,000 0 0
FACEBOOK INC CL A 30303M102 1,119 7,000 SH   SOLE   7,000 0 0
FUSION TELECOMM INTL INC COM NEW 36113B400 103 31,800 SH   DFND 2 31,800 0 0
GAIA INC NEW CL A 36269P104 388 25,000 SH   DFND 2 25,000 0 0
GASTAR EXPL INC NEW COM 36729W202 7 10,000 SH   DFND 2 10,000 0 0
GRAND CANYON ED INC COM 38526M106 2,780 26,500 SH   DFND 2 26,500 0 0
GUIDEWIRE SOFTWARE INC COM 40171V100 315 3,900 SH   DFND 2 3,900 0 0
HELIOS & MATHESON ANALYTICS COM NEW 42327L200 71 25,000 SH   DFND 2 25,000 0 0
INDEPENDENCE CONTRACT DRIL I COM 453415309 1,117 295,551 SH   DFND 2 295,551 0 0
INTERXION HOLDING N.V SHS N47279109 2,205 35,507 SH   DFND 2 35,507 0 0
INTERXION HOLDING N.V SHS N47279109 4,074 65,600 SH   SOLE   65,600 0 0
ISHARES TR MBS ETF 464288588 13,865 132,500 SH   DFND 1 132,500 0 0
ISHARES TR MBS ETF 464288588 1,831 17,500 SH   SOLE   17,500 0 0
ISHARES TR INTRMD CR BD ETF 464288638 858 8,000 SH   DFND 2 8,000 0 0
ISHARES TR INTRMD CR BD ETF 464288638 9,384 87,502 SH   DFND 1 87,502 0 0
KEYSIGHT TECHNOLOGIES INC COM 49338L103 262 5,000 SH   DFND 2 5,000 0 0
KINDRED BIOSCIENCES INC COM 494577109 885 102,321 SH   DFND 2 102,321 0 0
LAMB WESTON HLDGS INC COM 513272104 3,327 57,150 SH   SOLE   57,150 0 0
LAMB WESTON HLDGS INC COM 513272104 2,395 41,137 SH   DFND 2 41,137 0 0
LOWES COS INC COM 548661107 878 10,000 SH   SOLE   10,000 0 0
LULULEMON ATHLETICA INC COM 550021109 446 5,000 SH   DFND 2 5,000 0 0
MACYS INC COM 55616P104 1,338 45,000 SH   DFND 2 45,000 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 1,539 58,000 SH   SOLE   58,000 0 0
MICROSOFT CORP COM 594918104 4,408 48,300 SH   SOLE   48,300 0 0
MOSAIC ACQUISITION CORP UNIT 99/99/9999 G62848117 1,509 150,000 SH   DFND 2 150,000 0 0
NANOVIBRONIX INC COM 63008J108 724 152,061 SH   DFND 1 152,061 0 0
NATIONAL GEN HLDGS CORP COM 636220303 41,556 1,709,430 SH   SOLE   1,709,430 0 0
NATIONAL VISION HLDGS INC COM 63845R107 1,616 50,000 SH   DFND 2 50,000 0 0
NEBULA ACQUISITION CORP UNIT 03/12/2025 629076209 1,518 150,000 SH   DFND 2 150,000 0 0
NI HLDGS INC COM 65342T106 2,900 173,676 SH   DFND 2 173,676 0 0
NOODLES & CO COM CL A 65540B105 1,102 146,000 SH   DFND 2 146,000 0 0
PATTERSON UTI ENERGY INC COM 703481101 263 15,000 SH   DFND 2 15,000 0 0
PAYPAL HLDGS INC COM 70450Y103 3,922 51,700 SH   SOLE   51,700 0 0
PAYPAL HLDGS INC COM 70450Y103 2,276 30,000 SH   DFND 2 30,000 0 0
PLATINUM EAGLE ACQUISITIN CO UNIT 01/09/2023 G7126L126 508 50,000 SH   DFND 2 50,000 0 0
S&P GLOBAL INC COM 78409V104 1,013 5,300 SH   SOLE   5,300 0 0
S&P GLOBAL INC COM 78409V104 3,057 16,000 SH   DFND 2 16,000 0 0
SELECT ENERGY SVCS INC CL A COM 81617J301 1,931 153,040 SH   DFND 2 153,040 0 0
SHERWIN WILLIAMS CO COM 824348106 2,988 7,620 SH   SOLE   7,620 0 0
SKECHERS U S A INC CL A 830566105 2,139 55,000 SH   DFND 2 55,000 0 0
TWITTER INC COM 90184L102 2,176 75,000 SH   SOLE   75,000 0 0
VIVEVE MED INC COM NEW 92852W204 465 126,989 SH   DFND 2 126,989 0 0
VULCAN MATLS CO COM 929160109 913 8,000 SH   SOLE   8,000 0 0
WENDYS CO COM 95058W100 2,457 140,000 SH   SOLE   140,000 0 0
WENDYS CO COM 95058W100 3,247 185,000 SH   DFND 2 185,000 0 0
WPX ENERGY INC COM 98212B103 154 10,430 SH   DFND 1 10,430 0 0