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
AERCAP HOLDINGS NV SHS N00985106 578 15,109 SH   SOLE   15,109 0 0
ALCOA INC COM 013817101 175 18,164 SH   SOLE   18,164 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 3,008 112,698 SH   SOLE   112,698 0 0
ALLY FINL INC COM 02005N100 1,859 91,220 SH   SOLE   91,220 0 0
AMTRUST FINL SVCS INC COM 032359309 2,818 44,743 SH   SOLE   44,743 0 0
AON PLC SHS CL A G0408V102 38,352 432,823 SH   SOLE   432,823 0 0
ARAMARK COM 03852U106 37,202 1,255,138 SH   SOLE   1,255,138 0 0
AXALTA COATING SYS LTD COM G0750C108 29,986 1,183,341 SH   SOLE   1,183,341 0 0
BABCOCK & WILCOX ENTERPRIS I COM 05614L100 2,634 156,780 SH   SOLE   156,780 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 8,610 66,029 SH   SOLE   66,029 0 0
BWX TECHNOLOGIES INC COM 05605H100 10,068 381,929 SH   SOLE   381,929 0 0
CALPINE CORP COM NEW 131347304 18,222 1,248,097 SH   SOLE   1,248,097 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,443 19,901 SH   SOLE   19,901 0 0
CBS CORP NEW CL B 124857202 10,290 257,893 SH   SOLE   257,893 0 0
CF INDS HLDGS INC COM 125269100 1,504 33,495 SH   SOLE   33,495 0 0
CHEMTURA CORP COM NEW 163893209 39,995 1,397,461 SH   SOLE   1,397,461 0 0
CITIGROUP INC COM NEW 172967424 7,757 156,368 SH   SOLE   156,368 0 0
CLEAN HARBORS INC COM 184496107 1,317 29,945 SH   SOLE   29,945 0 0
CLEARWATER PAPER CORP COM 18538R103 18,374 388,942 SH   SOLE   388,942 0 0
COMMSCOPE HLDG CO INC COM 20337X109 44,785 1,491,337 SH   SOLE   1,491,337 0 0
CVS HEALTH CORP COM 126650100 4,799 49,742 SH   SOLE   49,742 0 0
DIAMOND RESORTS INTL INC COM 25272T104 3,900 166,729 SH   SOLE   166,729 0 0
DISCOVER FINL SVCS COM 254709108 5,141 98,888 SH   SOLE   98,888 0 0
EASTMAN CHEM CO COM 277432100 1,143 17,655 SH   SOLE   17,655 0 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 3,246 53,183 SH   SOLE   53,183 0 0
ENZO BIOCHEM INC COM 294100102 372 117,195 SH   SOLE   117,195 0 0
ESTERLINE TECHNOLOGIES CORP COM 297425100 14,190 197,390 SH   SOLE   197,390 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 3,523 129,340 SH   SOLE   129,340 0 0
EXPEDIA INC DEL COM NEW 30212P303 1,994 16,945 SH   SOLE   16,945 0 0
GLOBE SPECIALTY METALS INC COM 37954N206 26,924 2,219,641 SH   SOLE   2,219,641 0 0
HD SUPPLY HLDGS INC COM 40416M105 32,220 1,125,789 SH   SOLE   1,125,789 0 0
HONEYWELL INTL INC COM 438516106 1,022 10,797 SH   SOLE   10,797 0 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 160 11,833 SH   SOLE   11,833 0 0
HUNTSMAN CORP COM 447011107 8,626 890,244 SH   SOLE   890,244 0 0
IAC INTERACTIVECORP COM PAR $.001 44919P508 36,023 551,913 SH   SOLE   551,913 0 0
IMS HEALTH HLDGS INC COM 44970B109 37,789 1,298,576 SH   SOLE   1,298,576 0 0
INNOPHOS HOLDINGS INC COM 45774N108 8,446 213,071 SH   SOLE   213,071 0 0
INSTALLED BLDG PRODS INC COM 45780R101 15,375 608,188 SH   SOLE   608,188 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 3,723 34,096 SH   SOLE   34,096 0 0
JASON INDS INC COM 471172106 338 77,269 SH   SOLE   77,269 0 0
KAR AUCTION SVCS INC COM 48238T109 47,459 1,336,881 SH   SOLE   1,336,881 0 0
KINDRED HEALTHCARE INC COM 494580103 17,089 1,085,026 SH   SOLE   1,085,026 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 5,717 133,145 SH   SOLE   133,145 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 13,324 324,811 SH   SOLE   324,811 0 0
LIBERTY INTERACTIVE CORP QVC GP COM SER A 53071M104 14,159 539,810 SH   SOLE   539,810 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 5,220 129,367 SH   SOLE   129,367 0 0
LIBERTY MEDIA CORP DELAWARE CL A 531229102 1,142 31,968 SH   SOLE   31,968 0 0
LOEWS CORP COM 540424108 581 16,071 SH   SOLE   16,071 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 688 8,255 SH   SOLE   8,255 0 0
MARRIOTT INTL INC NEW CL A 571903202 1,948 28,557 SH   SOLE   28,557 0 0
METLIFE INC COM 59156R108 1,886 40,001 SH   SOLE   40,001 0 0
NATIONAL GEN HLDGS CORP COM 636220303 6,663 345,428 SH   SOLE   345,428 0 0
NATIONSTAR MTG HLDGS INC COM 63861C109 5,346 385,458 SH   SOLE   385,458 0 0
NEWS CORP NEW CL A 65249B109 27,652 2,191,162 SH   SOLE   2,191,162 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 707 10,689 SH   SOLE   10,689 0 0
OFS CAP CORP COM 67103B100 862 84,155 SH   SOLE   84,155 0 0
OLIN CORP COM PAR $1 680665205 30,505 1,814,670 SH   SOLE   1,814,670 0 0
ORBITAL ATK INC COM 68557N103 55,180 767,773 SH   SOLE   767,773 0 0
PENTAIR PLC SHS G7S00T104 12,816 251,092 SH   SOLE   251,092 0 0
PHILLIPS 66 COM 718546104 1,666 21,681 SH   SOLE   21,681 0 0
REALOGY HLDGS CORP COM 75605Y106 2,530 67,226 SH   SOLE   67,226 0 0
REPUBLIC AWYS HLDGS INC COM 760276105 444 76,870 SH   SOLE   76,870 0 0
ROUSE PPTYS INC COM 779287101 14,364 921,973 SH   SOLE   921,973 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 45,371 921,609 SH   SOLE   921,609 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 3,160 51,639 SH   SOLE   51,639 0 0
SIMON PPTY GROUP INC NEW COM 828806109 963 5,242 SH   SOLE   5,242 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 30,846 1,218,239 SH   SOLE   1,218,239 0 0
SIRIUS XM HLDGS INC COM 82968B103 1,543 412,598 SH   SOLE   412,598 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 10,006 218,575 SH   SOLE   218,575 0 0
SKETCHERS U S A INC CL A 830566105 1,409 10,508 SH   SOLE   10,508 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,583 14,815 SH   SOLE   14,815 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 11,505 60,083 SH   SOLE   60,083 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 287 8,384 SH   SOLE   8,384 0 0
STATE STR CORP COM 857477103 5,261 78,279 SH   SOLE   78,279 0 0
STRAIGHT PATH COMMUNICATNS I CL B 862578101 1,592 39,388 SH   SOLE   39,388 0 0
SUNEDISON INC COM 86732Y109 467 65,025 SH   SOLE   65,025 0 0
TEEKAY CORPORATION COM Y8564W103 1,367 46,105 SH   SOLE   46,105 0 0
TESORO CORP COM 881609101 5,354 55,063 SH   SOLE   55,063 0 0
TIME WARNER INC COM NEW 887317303 943 13,719 SH   SOLE   13,719 0 0
TRIPADVISOR INC COM 896945201 790 12,532 SH   SOLE   12,532 0 0
VALERO ENERGY CORP NEW COM 91913Y100 1,850 30,784 SH   SOLE   30,784 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 2,365 54,354 SH   SOLE   54,354 0 0
VOYA FINL INC COM 929089100 46,881 1,209,212 SH   SOLE   1,209,212 0 0
VWR CORP COM 91843L103 16,081 625,962 SH   SOLE   625,962 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 9,468 113,935 SH   SOLE   113,935 0 0
WESTMORELAND COAL CO COM 960878106 2,827 200,626 SH   SOLE   200,626 0 0
XENIA HOTELS & RESORTS INC COM 984017103 1,067 61,136 SH   SOLE   61,136 0 0