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
AK STL HLDG CORP COM 001547108 761 170,300 SH   SOLE   170,300 0 0
ALASKA AIR GROUP INC COM 011659109 7,234 109,302 SH   SOLE   109,302 0 0
AMKOR TECHNOLOGY INC COM 031652100 443 50,100 SH   SOLE   50,100 0 0
BANK AMER CORP COM 060505104 4,617 300,000 SH   SOLE   300,000 0 0
CF INDS HLDGS INC COM 125269100 9,949 35,070 SH   SOLE   35,070 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 2,276 35,000 SH   SOLE   35,000 0 0
CVS HEALTH CORP COM 126650100 2,064 20,000 SH   SOLE   20,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 1,200 26,701 SH   SOLE   26,701 0 0
GENERAL MTRS CO COM 37045V100 525 14,000 SH   SOLE   14,000 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 948 35,000 SH   SOLE   35,000 0 0
JETBLUE AIRWAYS CORP COM 477143101 5,486 285,000 SH   SOLE   285,000 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 4,481 51,039 SH   SOLE   51,039 0 0
MARATHON PETE CORP COM 56585A102 2,560 25,000 SH   SOLE   25,000 0 0
MICRON TECHNOLOGY INC COM 595112103 35,586 1,311,700 SH   SOLE   1,311,700 0 0
MOLINA HEALTHCARE INC COM 60855R100 6,148 91,364 SH   SOLE   91,364 0 0
MYLAN N V SHS EURO N59465109 297 5,000 SH   SOLE   5,000 0 0
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 755 29,790 SH   SOLE   29,790 0 0
NXP SEMICONDUCTORS N V COM N6596X109 8,019 79,900 SH   SOLE   79,900 0 0
OCH ZIFF CAP MGMT GROUP CL A 67551U105 5,068 400,922 SH   SOLE   400,922 0 0
OCI PARTNERS LP COM UNIT REP LP 67091N108 1,188 73,539 SH   SOLE   73,539 0 0
OCI RES LP COM UNIT LTD 67081B106 228 10,100 SH   SOLE   10,100 0 0
PBF ENERGY INC CL A 69318G106 568 16,732 SH   SOLE   16,732 0 0
QUAD / GRAPHICS INC COM CL A 747301109 230 10,000 SH   SOLE   10,000 0 0
QUALCOMM INC COM 747525103 1,456 21,000 SH   SOLE   21,000 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 639 35,000 SH   SOLE   35,000 0 0
RENTECH NITROGEN PARTNERS L COM UNIT 760113100 3,349 222,362 SH   SOLE   222,362 0 0
RITE AID CORP COM 767754104 6,952 800,000 SH   SOLE   800,000 0 0
DONNELLEY R R & SONS CO COM 257867101 960 50,000 SH   SOLE   50,000 0 0
SANDISK CORP COM 80004C101 9,607 151,000 SH   SOLE   151,000 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 5,125 98,500 SH   SOLE   98,500 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 418 13,303 SH   SOLE   13,303 0 0
SOUTHWEST AIRLS CO COM 844741108 3,110 70,200 SH   SOLE   70,200 0 0
SPRINT CORP COM SER 1 85207U105 251 53,000 SH   SOLE   53,000 0 0
TESORO CORP COM 881609101 2,008 22,000 SH   SOLE   22,000 0 0
T MOBILE US INC COM 872590104 792 25,000 SH   SOLE   25,000 0 0
TRIPLE-S MGMT CORP CL B 896749108 298 15,000 SH   SOLE   15,000 0 0
TRONOX LTD SHS CL A Q9235V101 5,304 260,893 SH   SOLE   260,893 0 0
UNITED CONTL HLDGS INC COM 910047109 12,710 189,000 SH   SOLE   189,000 0 0
UNITED STATES STL CORP NEW COM 912909108 366 15,000 SH   SOLE   15,000 0 0
VALERO ENERGY CORP NEW COM 91913Y100 6,362 100,000 SH   SOLE   100,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 5,349 110,000 SH   SOLE   110,000 0 0
WESTERN DIGITAL CORP COM 958102105 6,644 73,000 SH   SOLE   73,000 0 0
WHITING PETE CORP NEW COM 966387102 309 10,000 SH   SOLE   10,000 0 0
WISDOMTREE TR INDIA ERNGS FD 97717W422 798 35,000 SH   SOLE   35,000 0 0