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 121,047 2,199,647 SH   SOLE NONE 2,199,647 0 0
AON PLC SHS CL A G0408V102 100,187 689,186 SH   SOLE NONE 689,186 0 0
CITIGROUP INC COM NEW 172967424 76,289 1,465,400 SH Call SOLE NONE 1,465,400 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 169,614 595,094 SH   SOLE NONE 595,094 0 0
CREDIT ACCEP CORP MICH COM 225310101 174,498 457,089 SH   SOLE NONE 457,089 0 0
CIGNA CORP NEW COM 125523100 27,711 145,848 SH Call SOLE NONE 145,848 0 0
CIGNA CORP NEW COM 125523100 1,368 7,200 SH Call SOLE NONE 7,200 0 0
CIGNA CORP NEW COM 125523100 3,329 17,520 SH Call SOLE NONE 17,520 0 0
CIGNA CORP NEW COM 125523100 133,853 704,487 SH   SOLE NONE 704,487 0 0
ENCORE CAP GROUP INC COM 292554102 16,736 712,164 SH   SOLE NONE 712,164 0 0
HCA HEALTHCARE INC COM 40412C101 53,096 426,647 SH   SOLE NONE 426,647 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 93,760 6,408,738 SH   SOLE NONE 6,408,738 0 0
ORACLE CORP COM 68389X105 63,366 1,403,445 SH   SOLE NONE 1,403,445 0 0
PRA GROUP INC COM 69354N106 42,481 1,743,164 SH   SOLE NONE 1,743,164 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 87,609 2,709,840 SH   SOLE NONE 2,709,840 0 0
WELLS FARGO CO NEW COM 949746101 37,082 804,566 SH   SOLE NONE 804,566 0 0