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
ACCURIDE CORP NEW COM NEW 00439T206 2,458 478,198 SH   SOLE   478,198 0 0
AK STL HLDG CORP COM 001547108 4,400 1,173,350 SH   SOLE   1,173,350 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 5,387 215,038 SH   SOLE   215,038 0 0
ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 3,252 218,672 SH   SOLE   218,672 0 0
ALON USA ENERGY INC COM 020520102 2,220 217,426 SH   SOLE   217,426 0 0
ALPHA & OMEGA SEMICONDUCTOR SHS G6331P104 1,718 204,288 SH   SOLE   204,288 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 486 10,000 SH   SOLE   10,000 0 0
BAZAARVOICE INC COM 073271108 15,117 1,666,622 SH   SOLE   1,666,622 0 0
CENTURY ALUM CO COM 156431108 7,768 967,345 SH   SOLE   967,345 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 16,955 250,183 SH   SOLE   250,183 0 0
CHICOS FAS INC COM 168615102 6,231 374,032 SH   SOLE   374,032 0 0
CLIFFS NAT RES INC COM 18683K101 14,495 707,065 SH   SOLE   707,065 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 5,338 65,000 SH   SOLE   65,000 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 12,710 306,272 SH   SOLE   306,272 0 0
DELEK US HLDGS INC COM 246647101 2,088 99,000 SH   SOLE   99,000 0 0
DICE HLDGS INC COM 253017107 5,917 695,263 SH   SOLE   695,263 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 2,033 123,200 SH   SOLE   123,200 0 0
FACEBOOK INC CL A 30303M102 2,260 45,000 SH   SOLE   45,000 0 0
FORESTAR GROUP INC COM 346233109 3,104 144,178 SH   SOLE   144,178 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 1,241 37,503 SH   SOLE   37,503 0 0
GENERAL MTRS CO COM 37045V100 15,743 437,667 SH   SOLE   437,667 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 2,227 59,121 SH   SOLE   59,121 0 0
HCA HOLDINGS INC COM 40412C101 10,207 238,753 SH   SOLE   238,753 0 0
HEALTH MGMT ASSOC INC NEW CL A 421933102 12,050 941,439 SH   SOLE   941,439 0 0
HELMERICH & PAYNE INC COM 423452101 20,166 292,467 SH   SOLE   292,467 0 0
HOUSTON AMERN ENERGY CORP COM 44183U100 139 480,859 SH   SOLE   480,859 0 0
ICICI BK LTD ADR 45104G104 2,286 75,000 SH   SOLE   75,000 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 3,815 462,392 SH   SOLE   462,392 0 0
KIRBY CORP COM 497266106 17,263 199,461 SH   SOLE   199,461 0 0
LENNAR CORP CL A 526057104 2,427 68,567 SH   SOLE   68,567 0 0
LIFEPOINT HOSPITALS INC COM 53219L109 11,421 244,937 SH   SOLE   244,937 0 0
LOUISIANA PAC CORP COM 546347105 9,240 525,312 SH   SOLE   525,312 0 0
MARATHON PETE CORP COM 56585A102 20,925 325,334 SH   SOLE   325,334 0 0
MATERION CORP COM 576690101 12,467 388,874 SH   SOLE   388,874 0 0
MAXWELL TECHNOLOGIES INC COM 577767106 12,454 1,374,651 SH   SOLE   1,374,651 0 0
MBIA INC COM 55262C100 21,541 2,105,712 SH   SOLE   2,105,712 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 2,228 30,000 SH   SOLE   30,000 0 0
MERITOR INC COM 59001K100 14,690 1,868,992 SH   SOLE   1,868,992 0 0
PHILLIPS 66 COM 718546104 16,202 280,215 SH   SOLE   280,215 0 0
PIONEER ENERGY SVCS CORP COM 723664108 10,999 1,464,608 SH   SOLE   1,464,608 0 0
PROGRESSIVE WASTE SOLUTIONS COM 74339G101 15,770 612,914 SH   SOLE   612,914 0 0
PULTE GROUP INC COM 745867101 4,505 273,006 SH   SOLE   273,006 0 0
SOUTHERN COPPER CORP COM 84265V105 1,798 66,003 SH   SOLE   66,003 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 10,669 63,500 SH   SOLE   63,500 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 5,865 160,015 SH   SOLE   160,015 0 0
STANDARD PAC CORP NEW COM 85375C101 3,055 386,199 SH   SOLE   386,199 0 0
TECK RESOURCES LTD CL B 878742204 8,535 318,000 SH   SOLE   318,000 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 7,197 174,716 SH   SOLE   174,716 0 0
TERADATA CORP DEL COM 88076W103 2,606 47,000 SH   SOLE   47,000 0 0
TEREX CORP NEW COM 880779103 17,681 526,226 SH   SOLE   526,226 0 0
TESORO CORP COM 881609101 11,897 270,518 SH   SOLE   270,518 0 0
TWO HBRS INVT CORP COM 90187B101 1,923 198,000 SH   SOLE   198,000 0 0
UNIT CORP COM 909218109 10,150 218,316 SH   SOLE   218,316 0 0
UNITED CONTL HLDGS INC COM 910047109 1,309 42,633 SH   SOLE   42,633 0 0
UNITED STATES STL CORP NEW COM 912909108 35,198 1,709,453 SH   SOLE   1,709,453 0 0
VALERO ENERGY CORP NEW COM 91913Y100 18,826 551,284 SH   SOLE   551,284 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 4,689 116,831 SH   SOLE   116,831 0 0
VIVUS INC COM 928551100 21,807 2,344,880 SH   SOLE   2,344,880 0 0
WABASH NATL CORP COM 929566107 31,656 2,714,962 SH   SOLE   2,714,962 0 0
WALTER ENERGY INC COM 93317Q105 13,869 988,507 SH   SOLE   988,507 0 0
WESTERN REFNG INC COM 959319104 12,546 417,659 SH   SOLE   417,659 0 0
WILLBROS GROUP INC DEL COM 969203108 3,883 422,941 SH   SOLE   422,941 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 4,793 100,000 SH   SOLE   100,000 0 0
XYRATEX LTD COM G98268108 2,782 249,916 SH   SOLE   249,916 0 0