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
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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
CIGNA CORP NEW COM 125523100 19,742 130,000 SH Call SOLE NONE 130,000 0 0
CIGNA CORP NEW COM 125523100 73,652 485,000 SH Call SOLE NONE 485,000 0 0
CIGNA CORP NEW COM 125523100 100,987 665,000 SH Call SOLE NONE 665,000 0 0
CIGNA CORP NEW COM 125523100 20,501 135,000 SH Call SOLE NONE 135,000 0 0
CITIGROUP INC COM NEW 172967424 7,253 105,000 SH Call SOLE NONE 105,000 0 0
CITIGROUP INC COM NEW 172967424 101,230 1,465,400 SH Call SOLE NONE 1,465,400 0 0
CIGNA CORP NEW COM 125523100 165,269 1,088,297 SH   SOLE NONE 1,088,297 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107 182,682 2,434,143 SH   SOLE NONE 2,434,143 0 0
CREDIT ACCEP CORP MICH COM 225310101 234,260 507,814 SH   SOLE NONE 507,814 0 0
ENCORE CAP GROUP INC COM 292554102 25,334 760,221 SH   SOLE NONE 760,221 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 265,210 643,526 SH   SOLE NONE 643,526 0 0
HCA HEALTHCARE INC COM 40412C101 54,976 456,497 SH   SOLE NONE 456,497 0 0
ORACLE CORP COM 68389X105 78,911 1,433,971 SH   SOLE NONE 1,433,971 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 122,165 2,874,461 SH   SOLE NONE 2,874,461 0 0
AON PLC SHS CL A G0408V102 142,739 737,402 SH   SOLE NONE 737,402 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 5,868 412,112 SH   SOLE NONE 412,112 0 0
HUMANA INC COM 444859102 75,173 294,022 SH   SOLE NONE 294,022 0 0