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
AMERICAN AIRLINES GROUP INC Common Stocks 02376R102 2,543 47,400 SH   SOLE   47,400 0 0
APPLE INC Common Stocks 37833100 5,630 51,000 SH   SOLE   51,000 0 0
BOOZ ALLEN HAMILTON HOLDINGS Common Stocks 99502106 3,672 138,400 SH   SOLE   138,400 0 0
BUCKEYE PARTNERS LP Miscellaneous Equities 118230101 4,169 55,100 SH   SOLE   55,100 0 0
CONCHO RESOURCES INC Common Stocks 20605P101 2,195 22,000 SH   SOLE   22,000 0 0
DELTA AIR LINES INC Common Stocks 247361702 1,132 23,000 SH   SOLE   23,000 0 0
GOODYEAR TIRE & RUBBER CO Common Stocks 382550101 7,800 273,000 SH   SOLE   273,000 0 0
HFF INC-CLASS A Common Stocks 40418F108 5,813 161,811 SH   SOLE   161,811 0 0
INGERSOLL-RAND PLC Common Stocks G47791101 1,645 25,950 SH   SOLE   25,950 0 0
MGIC INVESTMENT CORP Common Stocks 552848103 4,807 515,697 SH   SOLE   515,697 0 0
MICROSOFT CORP Common Stocks 594918104 7,426 159,859 SH   SOLE   159,859 0 0
OASIS PETROLEUM INC Common Stocks 674215108 2,382 144,000 SH   SOLE   144,000 0 0
PIONEER NATURAL RESOURCES CO Common Stocks 723787107 1,668 11,200 SH   SOLE   11,200 0 0
REALOGY HOLDINGS CORP Common Stocks 75605Y106 9,254 208,000 SH   SOLE   208,000 0 0
SBA COMMUNICATIONS CORP-CL A Common Stocks 78388J106 2,637 23,800 SH   SOLE   23,800 0 0
SOUTHWEST AIRLINES CO Common Stocks 844741108 6,983 165,000 SH   SOLE   165,000 0 0
TIME WARNER INC Common Stocks 887317303 6,578 77,000 SH   SOLE   77,000 0 0
TRIUMPH GROUP INC Common Stocks 896818101 3,597 53,500 SH   SOLE   53,500 0 0
TWENTY-FIRST CENTURY FOX - B Common Stocks 90130A200 4,759 129,000 SH   SOLE   129,000 0 0
USA TRUCK INC Common Stocks 902925106 9,576 337,180 SH   SOLE   337,180 0 0
WALGREENS BOOTS ALLIANCE INC Common Stocks 931427108 1,532 20,100 SH   SOLE   20,100 0 0
WELLS FARGO & CO Common Stocks 949746101 3,564 65,000 SH   SOLE   65,000 0 0
WESTERN UNION CO Common Stocks 959802109 667 37,200 SH   SOLE   37,200 0 0
AMERICAN INTERNATIONAL-CW21 Warrants 26874156 5,890 239,198 SH   SOLE   239,198 0 0
BANK OF AMERICA CORP-CW19 Warrants 60505146 1,247 177,061 SH   SOLE   177,061 0 0
CAPITAL ONE FINANCIAL C-CW18 Warrants 14040H139 421 10,240 SH   SOLE   10,240 0 0
COMERICA INC-CW18 Warrants 200340115 4,602 256,340 SH   SOLE   256,340 0 0
WELLS FARGO & CO-CW18 Warrants 949746119 2,183 102,197 SH   SOLE   102,197 0 0