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
BLACK STONE MINERALS L P COM UNIT 09225M101 2,269 127,393 SH   SOLE 127,393 0 0
CALLAWAY GOLF CO COM 131193104 20,121 1,733,075 SH   SOLE 1,733,075 0 0
CULLEN FROST BANKERS INC COM 229899109 13,923 193,540 SH   SOLE 193,540 0 0
FERRARI N V COM N3167Y103 19,677 379,340 SH   SOLE 379,340 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 12,868 603,289 SH   SOLE 603,289 0 0
HMS HLDGS CORP COM 40425J101 19,922 898,619 SH   SOLE 898,619 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 18,465 472,109 SH   SOLE 472,109 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 14,929 179,352 SH   SOLE 179,352 0 0
NATIONAL BEVERAGE CORP COM 635017106 6,854 155,600 SH Put SOLE 155,600 0 0
NATIONAL BEVERAGE CORP COM 635017106 12,995 295,000 SH Call SOLE 295,000 0 0
NEXSTAR BROADCASTING GROUP I CL A 65336K103 27,413 475,027 SH   SOLE 475,027 0 0
PINNACLE ENTMT INC NEW COM 72348Y105 15,963 1,293,601 SH   SOLE 1,293,601 0 0