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
ALPHABET INC CAP STK CL C 02079K107 3,625 2,556 SH   SOLE   2,556 0 0
AON PLC SHS CL A G0408V102 13,846 71,890 SH   SOLE   71,890 0 0
APPLE INC COM 037833100 1,779 4,876 SH   SOLE   4,876 0 0
BAUDAX BIO INC COM 07160F107 3,611 870,123 SH   SOLE   870,123 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 3,299 18,479 SH   SOLE   18,479 0 0
CHANGE HEALTHCARE INC COM 15912K100 534 47,717 SH   SOLE   47,717 0 0
CHEMOURS CO COM 163851108 1,339 87,233 SH   SOLE   87,233 0 0
CHURCHILL DOWNS INC COM 171484108 7,596 57,052 SH   SOLE   57,052 0 0
CITIGROUP INC COM NEW 172967424 750 14,685 SH   SOLE   14,685 0 0
CONCRETE PUMPING HLDGS INC COM 206704108 70 20,017 SH   SOLE   20,017 0 0
CUSTOMERS BANCORP INC COM 23204G100 247 20,546 SH   SOLE   20,546 0 0
DISCOVER FINL SVCS COM 254709108 317 6,327 SH   SOLE   6,327 0 0
F M C CORP COM NEW 302491303 3,298 33,101 SH   SOLE   33,101 0 0
GLOBAL SHIP LEASE INC NEW COM CL A Y27183600 46 10,917 SH   SOLE   10,917 0 0
GODADDY INC CL A 380237107 16,370 223,240 SH   SOLE   223,240 0 0
HD SUPPLY HLDGS INC COM 40416M105 8,031 231,778 SH   SOLE   231,778 0 0
HILTON GRAND VACATIONS INC COM 43283X105 596 30,461 SH   SOLE   30,461 0 0
HOUGHTON MIFFLIN HARCOURT CO COM 44157R109 664 366,867 SH   SOLE   366,867 0 0
IAC INTERACTIVECORP COM 44919P508 33,586 103,852 SH   SOLE   103,852 0 0
IHS MARKIT LTD SHS G47567105 12,741 168,749 SH   SOLE   168,749 0 0
INVESCO QQQ TR COM 46090E103 4,216 17,027 SH   SOLE   17,027 0 0
IQVIA HLDGS INC COM 46266C105 15,675 110,484 SH   SOLE   110,484 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 573 4,000 SH   SOLE   4,000 0 0
ISHARES TR RUS 2000 GRW ETF 464287648 3,188 15,410 SH   SOLE   15,410 0 0
ISTAR INC COM 45031U101 485 39,364 SH   SOLE   39,364 0 0
MADISON SQUARE GRDN ENTERTNM CL A 55826T102 227 3,026 SH   SOLE   3,026 0 0
MADISON SQUARE GRDN SPRT COR CL A 55825T103 444 3,026 SH   SOLE   3,026 0 0
MEDALLION FINL CORP COM 583928106 53 20,000 SH   SOLE   20,000 0 0
MICROSOFT CORP COM 594918104 8,501 41,772 SH   SOLE   41,772 0 0
NATURES SUNSHINE PRODS INC COM 639027101 127 14,141 SH   SOLE   14,141 0 0
BIGLARI HLDGS INC COM STK CL B 08986R309 1,581 22,923 SH   SOLE   22,923 0 0
NEWS CORP NEW CL A 65249B109 2,558 215,722 SH   SOLE   215,722 0 0
PERSPECTA INC COM 715347100 9,531 410,290 SH   SOLE   410,290 0 0
PLAYA HOTELS & RESORTS NV SHS N70544106 740 204,299 SH   SOLE   204,299 0 0
RAMACO RES INC COM 75134P303 46 21,585 SH   SOLE   21,585 0 0
RECRO PHARMA INC COM 75629F109 1,460 320,847 SH   SOLE   320,847 0 0
SCHMITT INDS INC ORE COM NEW 806870200 326 93,068 SH   SOLE   93,068 0 0
SPDR GOLD TR GOLD SHS 78463V107 767 4,582 SH   SOLE   4,582 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 12,306 39,908 SH   SOLE   39,908 0 0
SPX CORP COM 784635104 14,929 362,792 SH   SOLE   362,792 0 0
STATE STR CORP COM 857477103 397 6,246 SH   SOLE   6,246 0 0
VERTIV HOLDINGS CO COM CL A 92537N108 26,970 1,988,924 SH   SOLE   1,988,924 0 0
VOYA FINANCIAL INC COM 929089100 8,934 191,515 SH   SOLE   191,515 0 0
WILLIAMS COS INC COM 969457100 347 18,255 SH   SOLE   18,255 0 0
WILLSCOT CORP COM 971375126 17,723 1,442,070 SH   SOLE   1,442,070 0 0