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
APPLE INC COM 037833100 5,328 47,131 SH   SOLE   47,131 0 0
BANK AMER CORP COM 060505104 3,897 249,000 SH   SOLE   249,000 0 0
CAPITOL ACQUISITION CORP III UNIT 99/99/9999 14055M205 3,917 385,000 SH   SOLE   385,000 0 0
GUESS INC COM 401617105 884 60,492 SH   SOLE   60,492 0 0
HRG GROUP INC COM 40434J100 5,396 343,709 SH   SOLE   343,709 0 0
KEYCORP NEW COM 493267108 1,121 92,128 SH   SOLE   92,128 0 0
LAZARD LTD SHS A G54050102 1,996 54,900 SH   SOLE   54,900 0 0
LINDBLAD EXPEDITIONS HLDGS I *W EXP 07/08/202 535219117 127 65,242 SH   SOLE   65,242 0 0
LINDBLAD EXPEDITIONS HLDGS I COM 535219109 1,174 130,484 SH   SOLE   130,484 0 0
LOUISIANA PAC CORP COM 546347105 941 50,000 SH   SOLE   50,000 0 0
NEW SR INVT GROUP INC COM 648691103 2,316 200,700 SH   SOLE   200,700 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 3,843 291,800 SH   SOLE   291,800 0 0
NVR INC COM 62944T105 5,002 3,050 SH   SOLE   3,050 0 0
ORACLE CORP COM 68389X105 2,074 52,800 SH   SOLE   52,800 0 0
TOLL BROTHERS INC COM 889478103 926 31,000 SH   SOLE   31,000 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 6,735 125,325 SH   SOLE   125,325 0 0
YRC WORLDWIDE INC COM PAR $.01 984249607 3,113 252,658 SH   SOLE   252,658 0 0