FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Two Harbors Investment Corp.
 2. Date of Event Requiring Statement (Month/Day/Year)
12/19/2012		 3. Issuer Name and Ticker or Trading Symbol
Silver Bay Realty Trust Corp. [SBY]
(Last)
(First)
(Middle)
601 CARLSON PARKWAY, SUITE 1400		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

MINNETONKA, MN 55305		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common stock, par value $0.01 per share 17,824,647 (1)
I
See footnote

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Two Harbors Investment Corp.
601 CARLSON PARKWAY
SUITE 1400
MINNETONKA, MN 55305		     X    
TWO HARBORS OPERATING Co LLC
601 CARLSON PARKWAY
SUITE 1400
MINNETONKA, MN 55305		     X    
TWO HARBORS ASSET I, LLC
601 CARLSON PARKWAY
SUITE 1400
MINNETONKA, MN 55305		     X    

Signatures

/s/ Thomas Siering, President and Chief Executive Officer of Two Harbors Investment Corp. 12/19/2012
**Signature of Reporting Person Date
/s/ Thomas Siering, President and Chief Executive Officer of Two Harbors Operating Company LLC 12/19/2012
**Signature of Reporting Person Date
/s/ Thomas Siering, President and Chief Executive Officer of Two Harbors Asset I, LLC 12/19/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The securities are owned directly by Two Harbors Asset I, LLC and indirectly by Two Harbors Operating Company LLC and Two Harbors Investment Corp. Two Harbors Operating Company LLC is the parent company of Two Harbors Asset I, LLC and Two Harbors Investment Corp. is the parent company of Two Harbors Operating Company LLC.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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