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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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
CIGNA CORP NEW COM 125523100 26,577 130,000 SH Call SOLE NONE 130,000 0 0
CIGNA CORP NEW COM 125523100 99,153 485,000 SH Call SOLE NONE 485,000 0 0
CIGNA CORP NEW COM 125523100 135,953 665,000 SH Call SOLE NONE 665,000 0 0
CIGNA CORP NEW COM 125523100 27,599 135,000 SH Call SOLE NONE 135,000 0 0
CIGNA CORP NEW COM 125523100 8,178 40,000 SH Call SOLE NONE 40,000 0 0
CITIGROUP INC COM NEW 172967424 8,388 105,000 SH Call SOLE NONE 105,000 0 0
CITIGROUP INC COM NEW 172967424 117,071 1,465,400 SH Call SOLE NONE 1,465,400 0 0
CITIGROUP INC COM NEW 172967424 1,598 20,000 SH Call SOLE NONE 20,000 0 0
CIGNA CORP NEW COM 125523100 224,977 1,100,453 SH   SOLE NONE 1,100,453 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107 191,802 2,459,943 SH   SOLE NONE 2,459,943 0 0
CREDIT ACCEP CORP MICH COM 225310101 227,948 515,334 SH   SOLE NONE 515,334 0 0
ENCORE CAP GROUP INC COM 292554102 27,106 766,586 SH   SOLE NONE 766,586 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 315,648 650,714 SH   SOLE NONE 650,714 0 0
HCA HEALTHCARE INC COM 40412C101 68,016 460,187 SH   SOLE NONE 460,187 0 0
ORACLE CORP COM 68389X105 76,586 1,445,562 SH   SOLE NONE 1,445,562 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 116,594 2,909,759 SH   SOLE NONE 2,909,759 0 0
AON PLC SHS CL A G0408V102 154,828 743,364 SH   SOLE NONE 743,364 0 0
HUMANA INC COM 444859102 126,292 344,570 SH   SOLE NONE 344,570 0 0