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
ANADARKO PETROLEUM CORP Common 032511107 68,496 808,115 SH   SOLE   808,115 0 0
APACHE CORP Common 037411105 51,429 620,000 SH   SOLE   620,000 0 0
BARRICK GOLD CORP Common 067901108 56,794 3,185,300 SH   SOLE   3,185,300 0 0
COOPER TIRE & RUBBER Common 216831107 96,615 3,975,940 SH   SOLE   3,975,940 0 0
COTT CORPORATION Common 22163N106 51,256 6,051,504 SH   SOLE   6,051,504 0 0
DISH NETWORK CORP-A Common 25470M109 42,045 675,852 SH   SOLE   675,852 0 0
FAMILY DOLLAR STORES Common 307000109 5,892 101,563 SH   SOLE   101,563 0 0
FMC CORP Common 302491303 26,551 346,800 SH   SOLE   346,800 0 0
FREEPORT-MCMORAN COPPER Common 35671D857 66,159 2,000,583 SH   SOLE   2,000,583 0 0
FTD COS INC Common 30281V108 58,233 1,830,646 SH   SOLE   1,830,646 0 0
GENERAL MOTORS CO Common 37045V100 63,661 1,849,549 SH   SOLE   1,849,549 0 0
ICU MEDICAL INC Common 44930G107 4,492 75,014 SH   SOLE   75,014 0 0
MACQUARIE INFRASTRUCTURE CO Common 55608B105 27,782 485,106 SH   SOLE   485,106 0 0
MEADOWBROOK INSURANCE GROUP Common 58319P108 28,028 4,807,631 SH   SOLE   4,807,631 0 0
MOTORS LIQUIDATION COMPANY GUC TRUST Common 62010U101 621 21,510 SH   SOLE   21,510 0 0
NATIONAL BANK HOLD-CL A Common 633707104 25,196 1,255,415 SH   SOLE   1,255,415 0 0
RADIOSHACK CORP Common 750438103 20,563 9,699,748 SH   SOLE   9,699,748 0 0
SANDRIDGE ENERGY INC Common 80007P307 84,025 13,684,787 SH   SOLE   13,684,787 0 0
THERAVANCE INC Common 88338T104 59,762 1,931,554 SH   SOLE   1,931,554 0 0
TRONOX LTD-CL A Common Q9235V101 55,763 2,345,955 SH   SOLE   2,345,955 0 0
DYNEGY INC-CW17 Warrant 26817R116 8,162 4,664,219 SH   SOLE   4,664,219 0 0
GENERAL MOTORS-CW16 Warrant 37045V118 103 4,135 SH   SOLE   4,135 0 0
GENERAL MOTORS-CW19 Warrant 37045V126 72 4,135 SH   SOLE   4,135 0 0
SPDR GOLD TRUST Common 78463V107 20,575 166,450 SH   SOLE   166,450 0 0