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
ALLY FINL INC COM 02005N100 22,284 1,145,435 SH   SOLE 0 1,145,435 0 0
AMTRUST FINL SVCS INC COM 032359309 1,898 70,807 SH   SOLE 0 70,807 0 0
AON PLC SHS CL A G0408V102 37,148 330,295 SH   SOLE 0 330,295 0 0
ARAMARK COM 03852U106 21,918 576,384 SH   SOLE 0 576,384 0 0
AXALTA COATING SYS LTD COM G0750C108 18,877 667,864 SH   SOLE 0 667,864 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 5,287 36,592 SH   SOLE 0 36,592 0 0
BWX TECHNOLOGIES INC COM 05605H100 7,823 203,870 SH   SOLE 0 203,870 0 0
CALPINE CORP COM NEW 131347304 11,547 913,571 SH   SOLE 0 913,571 0 0
CAPITAL ONE FINL CORP COM 14040H105 249 3,481 SH   SOLE 0 3,481 0 0
CITIGROUP INC COM NEW 172967424 5,947 126,116 SH   SOLE 0 126,116 0 0
CLEARWATER PAPER CORP COM 18538R103 14,088 217,889 SH   SOLE 0 217,889 0 0
COLONY CAP INC CL A 19624R106 2,575 141,367 SH   SOLE 0 141,367 0 0
COMMERCEHUB INC COM SER A 20084V108 163 10,296 SH   SOLE 0 10,296 0 0
COMMERCEHUB INC COM SER C 20084V306 327 20,596 SH   SOLE 0 20,596 0 0
COMMSCOPE HLDG CO INC COM 20337X109 11,206 372,513 SH   SOLE 0 372,513 0 0
CONSOL ENERGY INC COM 20854P109 1,948 101,454 SH   SOLE 0 101,454 0 0
CVS HEALTH CORP COM 126650100 2,785 31,311 SH   SOLE 0 31,311 0 0
DISCOVER FINL SVCS COM 254709108 3,083 54,562 SH   SOLE 0 54,562 0 0
EAGLE PHARMACEUTICALS INC COM 269796108 1,305 18,648 SH   SOLE 0 18,648 0 0
EASTMAN CHEM CO COM 277432100 1,195 17,655 SH   SOLE 0 17,655 0 0
ECHOSTAR CORP CL A 278768106 522 11,920 SH   SOLE 0 11,920 0 0
ENCORE CAP GROUP INC COM 292554102 538 23,953 SH   SOLE 0 23,953 0 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 2,321 35,466 SH   SOLE 0 35,466 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 100 58,675 SH   SOLE 0 58,675 0 0
ENZO BIOCHEM INC COM 294100102 425 83,486 SH   SOLE 0 83,486 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 418 13,820 SH   SOLE 0 13,820 0 0
EXPEDIA INC DEL COM NEW 30212P303 1,937 16,592 SH   SOLE 0 16,592 0 0
FERROGLOBE PLC SHS G33856108 11,383 1,260,950 SH   SOLE 0 1,260,950 0 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 523 82,022 SH   SOLE 0 82,022 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,196 61,948 SH   SOLE 0 61,948 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 735 31,780 SH   SOLE 0 31,780 0 0
FORTIVE CORP COM 34959J108 940 18,469 SH   SOLE 0 18,469 0 0
GENERAL MTRS CO COM 37045V100 293 9,234 SH   SOLE 0 9,234 0 0
HD SUPPLY HLDGS INC COM 40416M105 19,973 625,079 SH   SOLE 0 625,079 0 0
HONEYWELL INTL INC COM 438516106 840 7,204 SH   SOLE 0 7,204 0 0
IAC INTERACTIVECORP COM 44919P508 33,680 539,078 SH   SOLE 0 539,078 0 0
IMS HEALTH HLDGS COM 44970B109 26,583 849,419 SH   SOLE 0 849,419 0 0
INSTALLED BLDG PRODS INC COM 45780R101 12,664 353,053 SH   SOLE 0 353,053 0 0
INTEGER HLDGS CORP COM 45826H109 393 18,157 SH   SOLE 0 18,157 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 13,467 108,421 SH   SOLE 0 108,421 0 0
KAR AUCTION SVCS INC COM 48238T109 23,060 534,442 SH   SOLE 0 534,442 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 3,080 90,111 SH   SOLE 0 90,111 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 5,628 170,971 SH   SOLE 0 170,971 0 0
LIBERTY INTERACTIVE CORP QVC GP COM SER A 53071M104 15,148 757,697 SH   SOLE 0 757,697 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 327 11,850 SH   SOLE 0 11,850 0 0
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 604 21,508 SH   SOLE 0 21,508 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 730 21,495 SH   SOLE 0 21,495 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 4,067 102,074 SH   SOLE 0 102,074 0 0
LOEWS CORP COM 540424108 431 10,482 SH   SOLE 0 10,482 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 206 2,560 SH   SOLE 0 2,560 0 0
MADISON SQUARE GARDEN CO NEW CL A 55825T103 2,313 13,670 SH   SOLE 0 13,670 0 0
MARRIOTT INTL INC NEW CL A 571903202 310 4,616 SH   SOLE 0 4,616 0 0
METLIFE INC COM 59156R108 1,393 31,393 SH   SOLE 0 31,393 0 0
NATIONAL GEN HLDGS CORP COM 636220303 3,559 160,023 SH   SOLE 0 160,023 0 0
NEWS CORP NEW CL A 65249B109 15,985 1,143,590 SH   SOLE 0 1,143,590 0 0
NEWS CORP NEW CL B NEW 65249B208 408 28,680 SH   SOLE 0 28,680 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 18,377 1,422,505 SH   SOLE 0 1,422,505 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 7,540 573,000 SH   SOLE 0 573,000 0 0
OFS CAP CORP COM 67103B100 581 44,567 SH   SOLE 0 44,567 0 0
OLIN CORP COM PAR $1 680665205 11,324 552,438 SH   SOLE 0 552,438 0 0
ORBITAL ATK INC COM 68557N103 27,925 366,597 SH   SOLE 0 366,597 0 0
PENTAIR PLC SHS G7S00T104 9,461 147,423 SH   SOLE 0 147,423 0 0
PHILLIPS 66 COM 718546104 801 9,947 SH   SOLE 0 9,947 0 0
QUINTILES TRANSNATIO HLDGS I COM 74876Y101 18,304 225,993 SH   SOLE 0 225,993 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 282 8,617 SH   SOLE 0 8,617 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 24,098 500,419 SH   SOLE 0 500,419 0 0
SIMON PPTY GROUP INC NEW COM 828806109 1,910 9,229 SH   SOLE 0 9,229 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 16,530 572,681 SH   SOLE 0 572,681 0 0
SIRIUS XM HLDGS INC COM 82968B103 1,721 412,598 SH   SOLE 0 412,598 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 6,297 117,502 SH   SOLE 0 117,502 0 0
SKECHERS U S A INC CL A 830566105 534 23,298 SH   SOLE 0 23,298 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,373 10,926 SH   SOLE 0 10,926 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 11,756 54,351 SH   SOLE 0 54,351 0 0
STATE STR CORP COM 857477103 1,880 27,043 SH   SOLE 0 27,043 0 0
SYNCHRONY FINL COM 87165B103 7,067 252,623 SH   SOLE 0 252,623 0 0
TESORO CORP COM 881609101 451 46,154 SH   SOLE 0 46,154 0 0
TOWER SEMICONDUCTOR LTD SHS NEW M87915274 973 64,128 SH   SOLE 0 64,128 0 0
TRIPADVISOR INC COM 896945201 712 11,264 SH   SOLE 0 11,264 0 0
VALERO ENERGY CORP NEW COM 91913Y100 1,499 28,281 SH   SOLE 0 28,281 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 2,734 52,605 SH   SOLE 0 52,605 0 0
VOYA FINL INC COM 929089100 24,303 843,954 SH   SOLE 0 843,954 0 0
VWR CORP COM 91843L103 15,731 555,116 SH   SOLE 0 555,116 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 5,218 64,833 SH   SOLE 0 64,833 0 0
WILLIS TOWERS WATSON PUB LTD SHS G96629103 5,966 45,006 SH   SOLE 0 45,006 0 0
XENIA HOTELS & RESORTS INC COM 984017103 410 27,133 SH   SOLE 0 27,133 0 0