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
Luxfer Holdings PLC -ADR Common 550678106 10,890 687,095 SH   SOLE 0 687,095 0 0
Anadarko Petroleum Corp Common 032511107 34,544 402,000 SH   SOLE 0 402,000 0 0
Apache Corp Common 037411105 36,047 430,000 SH   SOLE 0 430,000 0 0
Diamond Foods Inc Common 252603105 45,378 2,186,889 SH   SOLE 0 2,186,889 0 0
Freeport-McMoran Corp Common 35671D857 53,165 1,925,583 SH   SOLE 0 1,925,583 0 0
Gray Television Common 389375106 12,971 1,801,597 SH   SOLE 0 1,801,597 0 0
ICU Medical Common 44930G107 3,388 47,014 SH   SOLE 0 47,014 0 0
Macquarie Infrastructure Common 55608B105 25,929 485,106 SH   SOLE 0 485,106 0 0
Mcgraw Hil Financial Common 580645109 62,568 1,176,312 SH   SOLE 0 1,176,312 0 0
National Bank Hold -Cl A Common 633707104 24,186 1,227,700 SH   SOLE 0 1,227,700 0 0
Sandridge Energy Common 80007P307 61,533 12,927,158 SH   SOLE 0 12,927,158 0 0
T-Mobile Inc Common 872590104 65,904 2,656,348 SH   SOLE 0 2,656,348 0 0
Theravance inc Common 88338T104 58,450 1,516,994 SH   SOLE 0 1,516,994 0 0
Tronox Ltd Common Q9235V101 47,271 2,345,955 SH   SOLE 0 2,345,955 0 0
Vical Inc Common 925602104 4,352 1,390,546 SH   SOLE 0 1,390,546 0 0