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
ACI WORLDWIDE INC COM 004498101 911 40,000 SH   SOLE 0 40,000 0 0
ADIENT PLC ORD SHS G0084W101 3,297 39,258 SH   SOLE 0 39,258 0 0
ADVISORY BRD CO COM 00762W107 2,454 45,770 SH   SOLE 0 45,770 0 0
ALLY FINL INC COM 02005N100 8,816 363,396 SH   SOLE 0 363,396 0 0
AMTRUST FINL SVCS INC COM 032359309 6,628 100,055 SH   SOLE 0 100,055 0 0
ANDEAVOR COM 03349M105 4,489 43,518 SH   SOLE 0 43,518 0 0
AON PLC SHS CL A G0408V102 29,571 202,401 SH   SOLE 0 202,401 0 0
ARAMARK COM 03852U106 11,631 286,396 SH   SOLE 0 286,396 0 0
ATKORE INTL GROUP INC COM 047649108 10,784 552,743 SH   SOLE 0 552,743 0 0
AXALTA COATING SYS LTD COM G0750C108 14,973 517,736 SH   SOLE 0 517,736 0 0
BALL CORP COM 058498106 19,903 481,905 SH   SOLE 0 481,905 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4,008 21,862 SH   SOLE 0 21,862 0 0
CAESARS ENTMT CORP COM 127686103 334 25,000 SH   SOLE 0 25,000 0 0
CALPINE CORP COM NEW 131347304 821 55,685 SH   SOLE 0 55,685 0 0
CF CORP SHS CL A G20307107 503 44,922 SH   SOLE 0 44,922 0 0
CITIGROUP INC COM NEW 172967424 5,845 80,359 SH   SOLE 0 80,359 0 0
COLONY NORTHSTAR INC CL A COM 19625W104 20,212 1,609,238 SH   SOLE 0 1,609,238 0 0
COMMSCOPE HLDG CO INC COM 20337X109 6,951 209,303 SH   SOLE 0 209,303 0 0
DISCOVER FINL SVCS COM 254709108 1,415 21,940 SH   SOLE 0 21,940 0 0
ECHOSTAR CORP CL A 278768106 784 13,699 SH   SOLE 0 13,699 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 6,261 313,055 SH   SOLE 0 313,055 0 0
F M C CORP COM NEW 302491303 18,318 205,106 SH   SOLE 0 205,106 0 0
FERROGLOBE PLC SHS G33856108 18,776 1,426,729 SH   SOLE 0 1,426,729 0 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738902 4,460 249,044 SH Call SOLE 0 249,044 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 657 25,739 SH   SOLE 0 25,739 0 0
GENERAL MTRS CO COM 37045V100 288 7,120 SH   SOLE 0 7,120 0 0
GRAY TELEVISION INC COM 389375106 8,740 556,677 SH   SOLE 0 556,677 0 0
HALCON RES CORP COM PAR NEW 40537Q605 816 120,000 SH   SOLE 0 120,000 0 0
HD SUPPLY HLDGS INC COM 40416M105 18,332 508,244 SH   SOLE 0 508,244 0 0
HOUGHTON MIFFLIN HARCOURT CO COM 44157R109 12,420 1,030,677 SH   SOLE 0 1,030,677 0 0
IAC INTERACTIVECORP COM 44919P508 28,415 241,664 SH   SOLE 0 241,664 0 0
IHS MARKIT LTD SHS G47567105 9,864 223,764 SH   SOLE 0 223,764 0 0
ILG INC COM 44967H101 29,160 1,090,903 SH   SOLE 0 1,090,903 0 0
INSTALLED BLDG PRODS INC COM 45780R101 949 14,647 SH   SOLE 0 14,647 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 3,560 145,000 SH   SOLE 0 145,000 0 0
INTREPID POTASH INC COM 46121Y102 5,100 1,169,647 SH   SOLE 0 1,169,647 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 1,003 6,766 SH   SOLE 0 6,766 0 0
ISHARES TR RUS 2000 GRW ETF 464287648 2,757 15,408 SH   SOLE 0 15,408 0 0
KAR AUCTION SVCS INC COM 48238T109 13,884 290,822 SH   SOLE 0 290,822 0 0
KRATON CORPORATION COM 50077C106 7,909 195,577 SH   SOLE 0 195,577 0 0
LAYNE CHRISTENSEN CO COM 521050104 1,260 100,430 SH   SOLE 0 100,430 0 0
LIBERTY EXPEDIA HOLDINGS SER A COM 53046P109 1,644 30,963 SH   SOLE 0 30,963 0 0
LIBERTY INTERACTIVE CORP LBT VEN COM A NE 53071M856 2,612 45,393 SH   SOLE 0 45,393 0 0
LIBERTY MEDIA CORP DELAWARE COM SER A FRMLA 531229870 313 8,572 SH   SOLE 0 8,572 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 607 14,494 SH   SOLE 0 14,494 0 0
MADISON SQUARE GARDEN CO NEW CL A 55825T103 3,290 15,366 SH   SOLE 0 15,366 0 0
MDC PARTNERS INC CL A SUB VTG 552697104 1,919 174,473 SH   SOLE 0 174,473 0 0
MEDALLION FINL CORP COM 583928106 458 211,134 SH   SOLE 0 211,134 0 0
METLIFE INC COM 59156R108 1,010 19,447 SH   SOLE 0 19,447 0 0
MICRON TECHNOLOGY INC COM 595112103 393 10,000 SH   SOLE 0 10,000 0 0
MUELLER WTR PRODS INC COM SER A 624758108 8,486 662,973 SH   SOLE 0 662,973 0 0
NATIONAL GEN HLDGS CORP COM 636220303 207 10,854 SH   SOLE 0 10,854 0 0
NATUS MEDICAL INC DEL COM 639050103 13,880 370,133 SH   SOLE 0 370,133 0 0
NOMAD FOODS LTD USD ORD SHS G6564A105 14,363 985,782 SH   SOLE 0 985,782 0 0
OFS CAP CORP COM 67103B100 334 25,355 SH   SOLE 0 25,355 0 0
OLIN CORP COM PAR $1 680665205 13,161 384,268 SH   SOLE 0 384,268 0 0
OM ASSET MGMT PLC SHS G67506108 6,993 468,680 SH   SOLE 0 468,680 0 0
ORBITAL ATK INC COM 68557N103 29,332 220,279 SH   SOLE 0 220,279 0 0
PENTAIR PLC SHS G7S00T104 1,975 29,056 SH   SOLE 0 29,056 0 0
QUINTILES IMS HOLDINGS INC COM 74876Y101 26,930 283,266 SH   SOLE 0 283,266 0 0
RAMACO RES INC COM 75134P303 602 90,828 SH   SOLE 0 90,828 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 19,198 307,214 SH   SOLE 0 307,214 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 3,120 45,558 SH   SOLE 0 45,558 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 24,996 779,909 SH   SOLE 0 779,909 0 0
SIRIUS XM HLDGS INC COM 82968B103 2,140 387,598 SH   SOLE 0 387,598 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 3,842 63,041 SH   SOLE 0 63,041 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,098 9,031 SH   SOLE 0 9,031 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 10,748 42,783 SH   SOLE 0 42,783 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 876 22,000 SH   SOLE 0 22,000 0 0
SPX CORP COM 784635104 22,758 775,653 SH   SOLE 0 775,653 0 0
STATE STR CORP COM 857477103 1,279 13,387 SH   SOLE 0 13,387 0 0
TOWER SEMICONDUCTOR LTD SHS NEW M87915274 1,707 55,526 SH   SOLE 0 55,526 0 0
TRONOX LTD SHS CL A Q9235V101 1,794 85,000 SH   SOLE 0 85,000 0 0
VOYA FINL INC COM 929089100 24,465 613,304 SH   SOLE 0 613,304 0 0
WILLIS TOWERS WATSON PUB LTD SHS G96629103 2,551 16,538 SH   SOLE 0 16,538 0 0