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
AAR CORP COM 000361105 44,515 1,178,267 SH   SOLE   1,178,267 0 0
AAR CORP COM 000361105 8,642 228,757 SH   DFND   228,757 0 0
AVNET INC COM 053807103 18,869 480,115 SH   SOLE   480,115 0 0
BUFFALO WILD WINGS INC COM 119848109 104,897 992,399 SH   SOLE   992,399 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 11,418 634,700 SH   DFND   634,700 0 0
CF CORP SHS CL A G20307107 6,590 588,401 SH   DFND   588,401 0 0
CF CORP *W EXP 05/25/202 G20307115 2,034 963,968 SH   DFND   963,968 0 0
CRAFT BREW ALLIANCE INC COM 224122101 7,143 407,009 SH   DFND   407,009 0 0
DECKERS OUTDOOR CORP COM 243537107 10,004 146,237 SH   DFND   146,237 0 0
DECKERS OUTDOOR CORP COM 243537107 123,569 1,806,294 SH   SOLE   1,806,294 0 0
DXC TECHNOLOGY CO COM 23355L106 61,188 712,484 SH   SOLE   712,484 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 71,944 2,163,733 SH   SOLE   2,163,733 0 0
HEMISPHERE MEDIA GROUP INC CL A 42365Q103 159 13,325 SH   DFND   13,325 0 0
HORIZON GLOBAL CORP COM 44052W104 11,632 659,400 SH   DFND   659,400 0 0
IAC INTERACTIVECORP COM 44919P508 99,437 845,694 SH   SOLE   845,694 0 0
ITRON INC COM 465741106 30,508 393,900 SH   SOLE   393,900 0 0
LA QUINTA HLDGS INC COM 50420D108 4,919 281,079 SH   DFND   281,079 0 0
LINDBLAD EXPEDITIONS HLDGS I COM 535219109 4,166 389,336 SH   DFND   389,336 0 0
LINDBLAD EXPEDITIONS HLDGS I *W EXP 07/08/202 535219117 624 320,127 SH   DFND   320,127 0 0
RAYONIER ADVANCED MATLS INC COM 75508B104 6,224 454,300 SH   DFND   454,300 0 0
RENT A CTR INC NEW COM 76009N100 8,390 730,840 SH   DFND   730,840 0 0
SHUTTERFLY INC COM 82568P304 39,347 811,609 SH   SOLE   811,609 0 0
SOTHEBYS COM 835898107 35,842 777,321 SH   SOLE   777,321 0 0
TEREX CORP NEW COM 880779103 130,240 2,892,929 SH   SOLE   2,892,929 0 0
TRINITY PL HLDGS INC COM 89656D101 26,784 3,815,332 SH   SOLE   3,815,332 0 0
VIRTUS INVT PARTNERS INC COM 92828Q109 8,123 69,999 SH   DFND   69,999 0 0