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
PROGRESSIVE CORP OHIO COM 743315103 19,914 275,100 SH   SOLE   275,100 0 0
BARCLAYS BK PLC IPATH B SHRT TRM 06746P621 2,362 156,200 SH   SOLE   156,200 0 0
BARRICK GOLD CORPORATION COM 067901108 5,932 319,100 SH   SOLE   319,100 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 7,889 134,900 SH   SOLE   134,900 0 0
JPMORGAN CHASE & CO COM 46625H100 367 2,630 SH   SOLE   2,630 0 0
PROSHARES TR SHORT S&P 500 NE 74347B425 528 22,000 SH   SOLE   22,000 0 0
PUBLIC STORAGE COM 74460D109 6,431 30,200 SH   SOLE   30,200 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 14,419 100,900 SH   SOLE   100,900 0 0