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
COLLIERS INTL GROUP INC SUB VTG SHS 194693107 107,768 2,168,367 SH   SOLE NONE 2,168,367 0 0
AON PLC SHS CL A G0408V102 99,155 678,775 SH   SOLE NONE 678,775 0 0
CITIGROUP INC COM NEW 172967424 106,564 1,465,400 SH Call SOLE NONE 1,465,400 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 177,467 488,326 SH   SOLE NONE 488,326 0 0
CREDIT ACCEP CORP MICH COM 225310101 128,338 458,071 SH   SOLE NONE 458,071 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 167,057 2,638,714 SH   SOLE NONE 2,638,714 0 0
HCA HEALTHCARE INC COM 40412C101 33,519 421,200 SH   SOLE NONE 421,200 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 100,443 4,091,355 SH   SOLE NONE 4,091,355 0 0
ORACLE CORP COM 68389X105 65,487 1,355,000 SH   SOLE NONE 1,355,000 0 0
PRA GROUP INC COM 69354N106 67,792 2,366,214 SH   SOLE NONE 2,366,214 0 0
REALOGY HLDGS CORP COM 75605Y106 19,950 605,452 SH   SOLE NONE 605,452 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 49,269 1,069,434 SH   SOLE NONE 1,069,434 0 0
WELLS FARGO CO NEW *W EXP 10/28/201 949746101 126,079 2,286,520 SH   SOLE NONE 2,286,520 0 0