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
SONY CORP-SPONSORED ADR Common 835699307 5,187 300,000 SH   SOLE   300,000 0 0
ANADARKO PETROLEUM CORP Common 032511107 44,998 567,301 SH   SOLE   567,301 0 0
APACHE CORP Common 037411105 53,283 620,000 SH   SOLE   620,000 0 0
BARRICK GOLD CORP Common 067901108 68,498 3,885,300 SH   SOLE   3,885,300 0 0
COOPER TIRE & RUBBER Common 216831107 63,664 2,648,240 SH   SOLE   2,648,240 0 0
DISH NETWORK CORP-A Common 25470M109 37,987 655,852 SH   SOLE   655,852 0 0
FREEPORT-MCMORAN COPPER Common 35671D857 72,672 1,925,583 SH   SOLE   1,925,583 0 0
FTD COS INC Common 30281V108 29,704 911,724 SH   SOLE   911,724 0 0
ICU MEDICAL INC Common 44930G107 4,779 75,014 SH   SOLE   75,014 0 0
MACQUARIE INFRASTRUCTURE CO Common 55608B108 26,404 485,106 SH   SOLE   485,106 0 0
MEADOWBROOK INSURANCE GROUP Common 58319P108 15,276 2,194,808 SH   SOLE   2,194,808 0 0
NATIONAL BANK HOLD-CL A Common 633707104 26,273 1,227,700 SH   SOLE   1,227,700 0 0
RADIOSHACK CORP Common 750438103 13,010 5,003,982 SH   SOLE   5,003,982 0 0
ROCKWOOD HOLDINGS INC Common 774415103 26,109 363,031 SH   SOLE   363,031 0 0
SANDRIDGE ENERGY INC Common 80007P307 83,379 13,736,283 SH   SOLE   13,736,283 0 0
THERAVANCE INC Common 88338T104 58,359 1,636,994 SH   SOLE   1,636,994 0 0
TRONOX LTD-CL A Common Q9235V101 54,121 2,345,955 SH   SOLE   2,345,955 0 0
VICAL INC Common 925602104 1,641 1,390,546 SH   SOLE   1,390,546 0 0
DYNEGY INC-CW17 Warrant 26817R116 6,343 4,664,219 SH   SOLE   4,664,219 0 0