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
ALLIANCEBERNSTEIN HOLDING LP UNIT LTD PARTN 01881G106 2,448 94,099 SH   SOLE   94,099 0 0
ALLY FINL INC COM 02005N100 2,487 107,483 SH   SOLE   107,483 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 5,219 96,615 SH   SOLE   96,615 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/2021 026874156 925 38,874 SH   SOLE   38,874 0 0
AVIS BUDGET GROUP COM 053774105 1,475 26,870 SH   SOLE   26,870 0 0
BP PLC CALL 055622904 172 896 SH   SOLE   896 0 0
BANK AMER CORP *W EXP 01/16/2019 060505146 48 6,403 SH   SOLE   6,403 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 207 1 SH   SOLE   1 0 0
B2GOLD CORP COM 11777Q209 73 35,828 SH   SOLE   35,828 0 0
CF INDS HLDGS INC COM 125269100 251 900 SH   SOLE   900 0 0
CNA FINL CORP COM 126117100 3,247 85,374 SH   SOLE   85,374 0 0
CAPITAL SR LIVING CORP COM 140475104 9,032 425,455 SH   SOLE   425,455 0 0
CELANESE CORP DEL COM SER A 150870103 9,454 161,549 SH   SOLE   161,549 0 0
CITIGROUP INC COM NEW 172967424 10,908 210,493 SH   SOLE   210,493 0 0
CITIGROUP INC CALL 172967904 393 453 SH   SOLE   453 0 0
ENSCO PLC SHS CLASS A G3157S106 11,049 267,455 SH   SOLE   267,455 0 0
EXELON CORP COM 30161N101 6,668 195,597 SH   SOLE   195,597 0 0
GENWORTH FINL INC COM CL A 37247D106 2,413 184,234 SH   SOLE   184,234 0 0
HILLENBRAND INC COM 431571108 4,096 132,587 SH   SOLE   132,587 0 0
HYSTER YALE MATLS HANDLING I CL A 449172105 2,418 33,768 SH   SOLE   33,768 0 0
KINDER MORGAN INC DEL COM 49456B101 4,573 119,267 SH   SOLE   119,267 0 0
KINDER MORGAN INC DEL *W EXP 05/25/2017 49456B119 491 134,805 SH   SOLE   134,805 0 0
KINDER MORGAN MANAGEMENT LLC SHS 49455U100 11,441 121,517 SH   SOLE   121,517 0 0
KOPPERS HOLDINGS INC COM 50060P106 1,262 38,067 SH   SOLE   38,067 0 0
LEUCADIA NATL CORP COM 527288104 1,543 64,705 SH   SOLE   64,705 0 0
LIFETIME BRANDS INC COM 53222Q103 1,748 114,202 SH   SOLE   114,202 0 0
LOEWS CORP COM 540424108 4,305 103,348 SH   SOLE   103,348 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 316 14,780 SH   SOLE   14,780 0 0
MARKET VECTORS ETF TR JR GOLD MINERS E 57061R544 1,594 47,410 SH   SOLE   47,410 0 0
MORGAN STANLEY COM NEW 617446448 4,737 137,032 SH   SOLE   137,032 0 0
NL INDS INC COM NEW 629156407 29 3,968 SH   SOLE   3,968 0 0
NACCO INDS INC CL A 629579103 2,250 45,238 SH   SOLE   45,238 0 0
NATIONAL OILWELL VARCO INC COM 637071101 4,446 58,417 SH   SOLE   58,417 0 0
NATIONAL PRESTO INDS INC COM 637215104 931 15,343 SH   SOLE   15,343 0 0
NEW GOLD INC CDA COM 644535106 2,262 447,847 SH   SOLE   447,847 0 0
OPPENHEIMER HLDGS INC CL A NON VTG 683797104 637 31,454 SH   SOLE   31,454 0 0
ORACLE CORP COM 68389X105 9,909 258,859 SH   SOLE   258,859 0 0
PRECISION DRILLING CORP COM 2010 74022D308 7,250 671,879 SH   SOLE   671,879 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 7,651 65,835 SH   SOLE   65,835 0 0
SPDR SP 500 ETF TR PUT 78462F953 17 180 SH   SOLE   180 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 491 49,263 SH   SOLE   49,263 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 1,910 277,664 SH   SOLE   277,664 0 0
TIDEWATER INC COM 886423102 4,544 116,423 SH   SOLE   116,423 0 0
VOYA FINL INC COM 929089100 1,926 49,267 SH   SOLE   49,267 0 0
WELLPOINT INC COM 94973V107 4,821 40,306 SH   SOLE   40,306 0 0