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
AMERICAN AIRLS GROUP INC COM 02376R102 233,561 4,355,050 SH   SOLE N/A 4,355,050 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 26,495 2,927,632 SH   SOLE N/A 2,927,632 0 0
AXIALL CORP COM 05463D100 48,207 1,135,088 SH   SOLE N/A 1,135,088 0 0
CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 56,572 1,347,598 SH   SOLE N/A 1,347,598 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 158,464 3,221,474 SH   SOLE N/A 3,221,474 0 0
EASTMAN CHEM CO COM 277432100 36,022 474,852 SH   SOLE N/A 474,852 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 4,800 190,011 SH   SOLE N/A 190,011 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 3,255 190,011 SH   SOLE N/A 190,011 0 0
GENERAL MTRS CO COM 37045V100 512,437 14,678,800 SH   SOLE N/A 14,678,800 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 292,520 10,238,716 SH   SOLE N/A 10,238,716 0 0
GOOGLE INC CL A 38259P508 196,178 369,687 SH   SOLE N/A 369,687 0 0
GOOGLE INC CL C 38259P706 263,141 499,887 SH   SOLE N/A 499,887 0 0
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120 17,125 500,000 SH   SOLE N/A 500,000 0 0
HCA HOLDINGS INC COM 40412C101 367,727 5,010,582 SH   SOLE N/A 5,010,582 0 0
HD SUPPLY HLDGS INC COM 40416M105 38,464 1,304,309 SH   SOLE N/A 1,304,309 0 0
HUNTSMAN CORP COM 447011107 139,283 6,114,274 SH   SOLE N/A 6,114,274 0 0
KBR INC COM 48242W106 34,620 2,042,473 SH   SOLE N/A 2,042,473 0 0
LORILLARD INC COM 544147101 67,780 1,076,900 SH   SOLE N/A 1,076,900 0 0
MASCO CORP COM 574599106 115,930 4,600,409 SH   SOLE N/A 4,600,409 0 0
NXP SEMICONDUCTORS N V COM N6596X109 179,750 2,352,752 SH   SOLE N/A 2,352,752 0 0
OWENS CORNING NEW COM 690742101 101,495 2,834,260 SH   SOLE N/A 2,834,260 0 0
PRICELINE COM INC COM NEW 741503403 361,303 316,874 SH   SOLE N/A 316,874 0 0
RYLAND GROUP INC COM 783764103 34,325 890,159 SH   SOLE N/A 890,159 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 4,696 22,854 SH   SOLE N/A 22,854 0 0
TEREX CORP NEW COM 880779103 46,050 1,651,706 SH   SOLE N/A 1,651,706 0 0
TRIUMPH GROUP INC NEW COM 896818101 51,062 759,625 SH   SOLE N/A 759,625 0 0
UNITED CONTL HLDGS INC COM 910047109 329,036 4,919,067 SH   SOLE N/A 4,919,067 0 0
WHIRLPOOL CORP COM 963320106 329,086 1,698,595 SH   SOLE N/A 1,698,595 0 0