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
SPDR S&P 500 ETF TR CALL 78462F103 1,252,608 6,400,000 SH Call SOLE   6,400,000 0 0
CLIFFS NAT RES INC PUT 18683K101 3,763 250,000 SH Put SOLE   250,000 0 0
TWENTY FIRST CENTY FOX INC CALL 90130A101 212,310 6,040,100 SH Call SOLE   6,040,100 0 0
SPDR S&P 500 ETF TR PUT 78462F103 174,191 890,000 SH Put SOLE   890,000 0 0
AMC NETWORKS INC CL A 00164V103 228,020 3,708,245 SH   SOLE   3,708,245 0 0
AMC ENTMT HLDGS INC CL A COM 00165C104 49,574 1,993,345 SH   SOLE   1,993,345 0 0
ALTISOURCE ASSET MGMT CORP COM 02153X108 182,802 252,817 SH   SOLE   252,817 0 0
SIGNET JEWELERS LIMITED SHS G81276100 50,919 460,426 SH   SOLE   460,426 0 0
AMER RLTY CAP HEALTHCAR TR I COM 02917R108 4,876 447,769 SH   SOLE   447,769 0 0
APPLE INC COM 037833100 40,913 440,259 SH   SOLE   440,259 0 0
BJS RESTAURANTS INC COM 09180C106 111,821 3,203,119 SH   SOLE   3,203,119 0 0
CBS OUTDOOR AMERS INC COM 14987J106 27,778 850,000 SH   SOLE   850,000 0 0
CONSTELLATION BRANDS INC CALL 21036P108 22,033 250,000 SH Call SOLE   250,000 0 0
CONNS INC COM 208242107 145,496 2,945,868 SH   SOLE   2,945,868 0 0
CONSTELLATION BRANDS INC CL A 21036P108 156,621 1,777,159 SH   SOLE   1,777,159 0 0
GLORI ENERGY INC COM 379606106 3,748 345,128 SH   SOLE   345,128 0 0
GOOGLE INC CL A 38259P508 11,910 20,371 SH   SOLE   20,371 0 0
GOOGLE INC CL C 38259P706 11,687 20,315 SH   SOLE   20,315 0 0
HARBINGER GROUP INC COM 41146A106 30,396 2,393,402 SH   SOLE   2,393,402 0 0
HEMISPHERE MEDIA GROUP INC CL A 42365Q103 64,410 5,128,180 SH   SOLE   5,128,180 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 14,015 500,000 SH   SOLE   500,000 0 0
ISHARES CORE S&P500 ETF 464287200 17,452 88,588 SH   SOLE   88,588 0 0
SPDR GOLD TRUST CALL 78463V107 128,040 1,000,000 SH Call SOLE   1,000,000 0 0
KOHLS CORP COM 500255104 20,944 397,568 SH   SOLE   397,568 0 0
LAMAR ADVERTISING CO CL A 512815101 13,813 260,630 SH   SOLE   260,630 0 0
LYON WILLIAM HOMES CL A NEW 552074700 191,613 6,294,788 SH   SOLE   6,294,788 0 0
MADISON SQUARE GARDEN CO CL A 55826P100 304,626 4,877,924 SH   SOLE   4,877,924 0 0
MELCO CROWN ENTMT LTD ADR 585464100 211,116 5,911,965 SH   SOLE   5,911,965 0 0
NEXSTAR BROADCASTING GROUP I CL A 65336K103 82,018 1,589,197 SH   SOLE   1,589,197 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 21,524 1,238,446 SH   SOLE   1,238,446 0 0
RCS CAP CORP COM CL A 74937W102 60,603 2,952,547 SH   SOLE   2,952,547 0 0
SPECTRUM BRANDS HLDGS INC COM 84763R101 84,405 981,111 SH   SOLE   981,111 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 152,782 4,346,575 SH   SOLE   4,346,575 0 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 16,773 490,000 SH   SOLE   490,000 0 0
VOYA FINL INC COM 929089100 335,634 9,235,947 SH   SOLE   9,235,947 0 0
WL ROSS HLDG CORP UNIT 99/99/9999 92939D203 14,977 1,454,100 SH   SOLE   1,454,100 0 0
YAHOO INC COM 984332106 192,943 5,492,248 SH   SOLE   5,492,248 0 0
TOWER GROUP INTL LTD COM G8988C105 1,874 1,040,888 SH   SOLE   1,040,888 0 0
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 252,396 2,202,791 SH   SOLE   2,202,791 0 0
AT&T INC PUT 00206R102 35,360 1,000,000 SH Put SOLE   1,000,000 0 0
YANDEX N V SHS CLASS A N97284108 65,022 1,824,408 SH   SOLE   1,824,408 0 0