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
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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
ALLSTATE CORP COM 020002101 36,405 625,084 SH   SOLE N/A 625,084 0 0
APPLE INC COM 037833100 144,383 1,309,000 SH   SOLE N/A 1,309,000 0 0
AXIALL CORP COM 05463D100 3,403 216,883 SH   SOLE N/A 216,883 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 49,752 1,254,461 SH   SOLE N/A 1,254,461 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 272,676 6,077,033 SH   SOLE N/A 6,077,033 0 0
EAGLE MATERIALS INC COM 26969P108 53,001 774,637 SH   SOLE N/A 774,637 0 0
EASTMAN CHEM CO COM 277432100 50,658 782,729 SH   SOLE N/A 782,729 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 3,872 190,011 SH   SOLE N/A 190,011 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 2,512 190,011 SH   SOLE N/A 190,011 0 0
GENERAL MTRS CO COM 37045V100 386,817 12,885,294 SH   SOLE N/A 12,885,294 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 173,900 5,929,089 SH   SOLE N/A 5,929,089 0 0
GOOGLE INC CL C 38259P706 113,562 186,650 SH   SOLE N/A 186,650 0 0
HCA HOLDINGS INC COM 40412C101 274,902 3,553,537 SH   SOLE N/A 3,553,537 0 0
HD SUPPLY HLDGS INC COM 40416M105 64,922 2,268,416 SH   SOLE N/A 2,268,416 0 0
HUNTSMAN CORP COM 447011107 77,888 8,037,950 SH   SOLE N/A 8,037,950 0 0
INGERSOLL-RAND PLC SHS G47791101 35,009 689,566 SH   SOLE N/A 689,566 0 0
JETBLUE AIRWAYS CORP COM 477143101 115,830 4,494,750 SH   SOLE N/A 4,494,750 0 0
KBR INC COM 48242W106 8,776 526,787 SH   SOLE N/A 526,787 0 0
MYLAN N V SHS EURO N59465109 18,925 470,071 SH   SOLE N/A 470,071 0 0
NIKE INC CL B 654106103 44,208 359,500 SH Put SOLE N/A 359,500 0 0
NXP SEMICONDUCTORS N V COM N6596X109 199,749 2,294,123 SH   SOLE N/A 2,294,123 0 0
OWENS CORNING NEW COM 690742101 140,807 3,359,738 SH   SOLE N/A 3,359,738 0 0
PRICELINE GRP INC COM NEW 741503403 121,212 98,000 SH   SOLE N/A 98,000 0 0
RYLAND GROUP INC COM 783764103 24,328 595,842 SH   SOLE N/A 595,842 0 0
SOUTHWEST AIRLS CO COM 844741108 62,245 1,636,300 SH   SOLE N/A 1,636,300 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 4,380 22,854 SH   SOLE N/A 22,854 0 0
TEREX CORP NEW COM 880779103 29,660 1,653,306 SH   SOLE N/A 1,653,306 0 0
TRIUMPH GROUP INC NEW COM 896818101 35,410 841,494 SH   SOLE N/A 841,494 0 0
U S G CORP COM NEW 903293405 28,911 1,086,065 SH   SOLE N/A 1,086,065 0 0
UNITED CONTL HLDGS INC COM 910047109 24,999 471,243 SH   SOLE N/A 471,243 0 0
UNITED RENTALS INC COM 911363109 50,084 834,046 SH   SOLE N/A 834,046 0 0
WHIRLPOOL CORP COM 963320106 166,948 1,133,693 SH   SOLE N/A 1,133,693 0 0
WMIH CORP COM 92936P100 43,608 16,902,465 SH   SOLE N/A 16,902,465 0 0