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
ALLISON TRANSMISSION HLDGS I COM 01973R101 6,203 194,198 SH   SOLE   194,198 0 0
AMTRUST FINL SVCS INC COM 032359309 2,332 40,925 SH   SOLE   40,925 0 0
AON PLC SHS CL A G0408V102 39,868 414,769 SH   SOLE   414,769 0 0
AXALTA COATING SYS LTD COM G0750C108 3,459 125,240 SH   SOLE   125,240 0 0
BABCOCK & WILCOX CO NEW COM 05615F102 7,753 241,590 SH   SOLE   241,590 0 0
BALL CORP COM 058498106 4,080 57,760 SH   SOLE   57,760 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 7,566 52,428 SH   SOLE   52,428 0 0
CALPINE CORP COM NEW 131347304 37,903 1,657,343 SH   SOLE   1,657,343 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,131 14,355 SH   SOLE   14,355 0 0
CBS CORP NEW CL B 124857202 20,048 330,667 SH   SOLE   330,667 0 0
CF INDS HLDGS INC COM 125269100 2,235 7,877 SH   SOLE   7,877 0 0
CHEMTURA CORP COM NEW 163893209 41,699 1,528,003 SH   SOLE   1,528,003 0 0
CITIGROUP INC COM NEW 172967424 6,405 124,321 SH   SOLE   124,321 0 0
CLEAN HARBORS INC COM 184496107 1,664 29,310 SH   SOLE   29,310 0 0
CLEARWATER PAPER CORP COM 18538R103 33,043 506,019 SH   SOLE   506,019 0 0
COMMSCOPE HLDG CO INC COM 20337X109 42,287 1,481,675 SH   SOLE   1,481,675 0 0
CVS HEALTH CORP COM 126650100 3,760 36,429 SH   SOLE   36,429 0 0
DIAMOND RESORTS INTL INC COM 25272T104 4,166 124,607 SH   SOLE   124,607 0 0
DIGITALGLOBE INC COM NEW 25389M877 9,766 286,646 SH   SOLE   286,646 0 0
DISCOVER FINL SVCS COM 254709108 4,404 78,154 SH   SOLE   78,154 0 0
DISH NETWORK CORP CL A 25470M109 1,366 19,502 SH   SOLE   19,502 0 0
EASTMAN CHEM CO COM 277432100 1,223 17,655 SH   SOLE   17,655 0 0
ENZO BIOCHEM INC COM 294100102 353 119,607 SH   SOLE   119,607 0 0
ESTERLINE TECHNOLOGIES CORP COM 297425100 30,559 267,081 SH   SOLE   267,081 0 0
EXPEDIA INC DEL COM NEW 30212P303 1,559 16,560 SH   SOLE   16,560 0 0
GLOBE SPECIALTY METALS INC COM 37954N206 32,883 1,737,980 SH   SOLE   1,737,980 0 0
HD SUPPLY HLDGS INC COM 40416M105 36,905 1,184,548 SH   SOLE   1,184,548 0 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 4,122 219,141 SH   SOLE   219,141 0 0
HUNTSMAN CORP COM 447011107 17,855 805,348 SH   SOLE   805,348 0 0
IAC INTERACTIVECORP COM PAR $.001 44919P508 46,953 695,914 SH   SOLE   695,914 0 0
INNOPHOS HOLDINGS INC COM 45774N108 19,477 345,582 SH   SOLE   345,582 0 0
INSTALLED BLDG PRODS INC COM 45780R101 22,474 1,032,828 SH   SOLE   1,032,828 0 0
JASON INDS INC COM 471172106 1,669 235,724 SH   SOLE   235,724 0 0
KAR AUCTION SVCS INC COM 48238T109 54,720 1,442,647 SH   SOLE   1,442,647 0 0
KINDRED HEALTHCARE INC COM 494580103 26,263 1,103,952 SH   SOLE   1,103,952 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 13,305 267,120 SH   SOLE   267,120 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 8,085 157,084 SH   SOLE   157,084 0 0
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 23,841 816,768 SH   SOLE   816,768 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 5,121 121,908 SH   SOLE   121,908 0 0
LIBERTY TRIPADVISOR HLDGS IN COM SER A 531465102 297 9,351 SH   SOLE   9,351 0 0
LOEWS CORP COM 540424108 1,121 27,451 SH   SOLE   27,451 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,704 19,409 SH   SOLE   19,409 0 0
MARRIOTT INTL INC NEW CL A 571903202 1,706 21,234 SH   SOLE   21,234 0 0
METLIFE INC COM 59156R108 1,559 30,848 SH   SOLE   30,848 0 0
MYLAN N V SHS EURO N59465109 2,894 48,754 SH   SOLE   48,754 0 0
NATIONAL GEN HLDGS CORP COM 636220303 7,210 385,580 SH   SOLE   385,580 0 0
NEWS CORP NEW CL A 65249B109 35,437 2,213,400 SH   SOLE   2,213,400 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 726 9,949 SH   SOLE   9,949 0 0
OFS CAP CORP COM 67103B100 1,107 90,357 SH   SOLE   90,357 0 0
ORBITAL ATK INC COM 68557N103 59,733 779,505 SH   SOLE   779,505 0 0
OWENS ILL INC COM NEW 690768403 512 21,962 SH   SOLE   21,962 0 0
PENTAIR PLC SHS G7S00T104 14,970 238,041 SH   SOLE   238,041 0 0
PRINCIPAL FINL GROUP INC COM 74251V102 622 12,103 SH   SOLE   12,103 0 0
REALOGY HLDGS CORP COM 75605Y106 3,837 84,373 SH   SOLE   84,373 0 0
REPUBLIC AWYS HLDGS INC COM 760276105 64,020 4,656,014 SH   SOLE   4,656,014 0 0
RETRACTABLE TECHNOLOGIES INC COM 76129W105 122 31,346 SH   SOLE   31,346 0 0
ROCK-TENN CO CL A 772739207 1,438 22,295 SH   SOLE   22,295 0 0
ROUSE PPTYS INC COM 779287101 23,308 1,229,326 SH   SOLE   1,229,326 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 52,863 867,894 SH   SOLE   867,894 0 0
SIGMA DESIGNS INC COM 826565103 314 39,116 SH   SOLE   39,116 0 0
SIMON PPTY GROUP INC NEW COM 828806109 1,005 5,136 SH   SOLE   5,136 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 37,848 1,204,954 SH   SOLE   1,204,954 0 0
SIRIUS XM HLDGS INC COM 82968B103 1,566 410,038 SH   SOLE   410,038 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 9,977 206,089 SH   SOLE   206,089 0 0
SKECHERS U S A INC CL A 830566105 756 10,508 SH   SOLE   10,508 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,727 15,194 SH   SOLE   15,194 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 12,584 60,958 SH   SOLE   60,958 0 0
STATE STR CORP COM 857477103 4,563 62,054 SH   SOLE   62,054 0 0
STRAIGHT PATH COMMUNICATNS I CL B 862578101 1,295 64,994 SH   SOLE   64,994 0 0
SUNEDISON INC COM 86732Y109 614 25,588 SH   SOLE   25,588 0 0
TESORO CORP COM 881609101 5,037 55,174 SH   SOLE   55,174 0 0
TIME WARNER INC COM NEW 887317303 3,418 40,477 SH   SOLE   40,477 0 0
TOWER SEMICONDUCTOR LTD SHS NEW M87915274 412 24,254 SH   SOLE   24,254 0 0
TRIPADVISOR INC COM 896945201 1,029 12,377 SH   SOLE   12,377 0 0
VALERO ENERGY CORP NEW COM 91913Y100 1,944 30,563 SH   SOLE   30,563 0 0
VALHI INC NEW COM 918905100 376 36,731 SH   SOLE   36,731 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 2,643 54,354 SH   SOLE   54,354 0 0
VOYA FINL INC COM 929089100 55,328 1,283,420 SH   SOLE   1,283,420 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 8,062 95,207 SH   SOLE   95,207 0 0
WESTMORELAND COAL CO COM 960878106 5,207 194,577 SH   SOLE   194,577 0 0
WILLIAMS COS INC DEL COM 969457100 893 17,659 SH   SOLE   17,659 0 0
XENIA HOTELS & RESORTS INC COM 984017103 369 16,227 SH   SOLE   16,227 0 0