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
APPLE INC COM 037833100 8,304 71,699 SH   SOLE   71,699 0 0
BARRICK GOLD CORP COM 067901108 545 34,030 SH   SOLE   34,030 0 0
ADOBE SYS INC COM 00724F101 23,793 231,114 SH   SOLE   231,114 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 210 4,599 SH   SOLE   4,599 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 3,442 33,489 SH   SOLE   33,489 0 0
ALBEMARLE CORP COM 012653101 4,311 50,085 SH   SOLE   50,085 0 0
TD AMERITRADE HLDG CORP COM 87236Y108 380 8,720 SH   SOLE   8,720 0 0
AON PLC SHS CL A G0408V102 14,679 131,617 SH   SOLE   131,617 0 0
ANADARKO PETE CORP COM 032511107 10,344 148,344 SH   SOLE   148,344 0 0
ASSOCIATED BANC CORP COM 045487105 879 35,604 SH   SOLE   35,604 0 0
ASCENA RETAIL GROUP INC COM 04351G101 130 20,950 SH   SOLE   20,950 0 0
AVON PRODS INC COM 054303102 68 13,510 SH   SOLE   13,510 0 0
BANK AMER CORP COM 060505104 1,129 51,065 SH   SOLE   51,065 0 0
BROOKFIELD BUSINESS PARTNERS UNIT LTD LP COM G16234109 5,726 238,324 SH   SOLE   238,324 0 0
BANK MONTREAL QUE COM 063671101 2,533 35,221 SH   SOLE   35,221 0 0
BANK N S HALIFAX COM 064149107 225 4,050 SH   SOLE   4,050 0 0
BROCADE COMMUNICATIONS SYS I COM 111621306 170 13,611 SH   SOLE   13,611 0 0
BANCORPSOUTH INC COM 059692103 393 12,660 SH   SOLE   12,660 0 0
CITIGROUP INC COM 172967424 569 9,570 SH   SOLE   9,570 0 0
CROWN HOLDINGS INC COM 228368106 2,702 51,400 SH   SOLE   51,400 0 0
CF INDS HLDGS INC COM 125269100 2,237 71,068 SH   SOLE   71,068 0 0
CHEMICAL FINL CORP COM 163731102 1,188 21,924 SH   SOLE   21,924 0 0
CONTINENTAL RESOURCES INC COM 212015101 693 13,444 SH   SOLE   13,444 0 0
CME GROUP INC COM 12572Q105 611 5,300 SH   SOLE   5,300 0 0
CINEMARK HOLDINGS INC COM 17243V102 657 17,130 SH   SOLE   17,130 0 0
CANADIAN NATL RY CO COM 136375102 666 9,900 SH   SOLE   9,900 0 0
COLUMBIA BKG SYS INC COM 197236102 837 18,730 SH   SOLE   18,730 0 0
COSTCO WHSL CORP NEW COM 22160K105 22,200 138,656 SH   SOLE   138,656 0 0
COTT CORP QUE COM 22163N106 6,537 577,000 SH   SOLE   577,000 0 0
CRESCENT PT ENERGY CORP COM 22576C101 7,923 582,900 SH   SOLE   582,900 0 0
CARTER INC COM 146229109 982 11,370 SH   SOLE   11,370 0 0
CUBESMART COM 229663109 13,778 514,674 SH   SOLE   514,674 0 0
CENOVUS ENERGY INC COM 15135U109 372 24,620 SH   SOLE   24,620 0 0
CORECIVIC INC COM 21871N101 237 9,685 SH   SOLE   9,685 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 60 10,756 SH   SOLE   10,756 0 0
DISCOVER FINL SVCS COM 254709108 373 5,170 SH   SOLE   5,170 0 0
DANAHER CORP DEL COM 235851102 3,213 41,280 SH   SOLE   41,280 0 0
DR PEPPER SNAPPLE GROUP INC COM 26138E109 5,503 60,692 SH   SOLE   60,692 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 164 14,222 SH   SOLE   14,222 0 0
DARDEN RESTAURANTS INC COM 237194105 1,309 17,996 SH   SOLE   17,996 0 0
DEVON ENERGY CORP NEW COM 25179M103 10,234 224,094 SH   SOLE   224,094 0 0
ELECTRONIC ARTS INC COM 285512109 621 7,890 SH   SOLE   7,890 0 0
ENERGEN CORP COM 29265N108 4,860 84,267 SH   SOLE   84,267 0 0
EOG RES INC COM 26875P101 3,408 33,710 SH   SOLE   33,710 0 0
ENERPLUS CORP COM 292766102 7,534 793,995 SH   SOLE   793,995 0 0
ELBIT SYS LTD ORD COM M3760D101 607 5,962 SH   SOLE   5,962 0 0
EXTRA SPACE STORAGE INC COM 30225T102 17,112 221,547 SH   SOLE   221,547 0 0
DIAMONDBACK ENERGY INC COM 25278X109 2,586 25,590 SH   SOLE   25,590 0 0
FACEBOOK INC CL A 30303M102 10,386 90,278 SH   SOLE   90,278 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 335 13,263 SH   SOLE   13,263 0 0
FNB CORP PA COM 302520101 1,080 67,385 SH   SOLE   67,385 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 505 5,480 SH   SOLE   5,480 0 0
FORTIVE CORP COM 34959J108 3,207 59,800 SH   SOLE   59,800 0 0
FULTON FINL CORP PA COM 360271100 207 11,010 SH   SOLE   11,010 0 0
GANNETT CO INC COM 36473H104 105 10,792 SH   SOLE   10,792 0 0
GODADDY INC CL A 380237107 4,746 135,790 SH   SOLE   135,790 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 4,356 174,380 SH   SOLE   174,380 0 0
GENWORTH FINL INC CL A 37247D106 112 29,295 SH   SOLE   29,295 0 0
ALPHABET INC CAP STK CL A 02079K305 8,203 10,351 SH   SOLE   10,351 0 0
GRANITE REAL ESTATE INVT TR UNIT 387437114 2,588 77,516 SH   SOLE   77,516 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 644 2,690 SH   SOLE   2,690 0 0
GRAY TELEVISION INC COM 389375106 6,453 594,776 SH   SOLE   594,776 0 0
HALLIBURTON CO COM 406216101 7,201 133,128 SH   SOLE   133,128 0 0
HUNTINGTON BANCSHARES INC COM 446150104 967 73,126 SH   SOLE   73,126 0 0
HANCOCK HLDG CO COM 410120109 1,282 29,738 SH   SOLE   29,738 0 0
HOMESTREET INC COM 43785V102 372 11,771 SH   SOLE   11,771 0 0
IBERIABANK CORP COM 450828108 592 7,063 SH   SOLE   7,063 0 0
ISHARES TR NA TEC-SFTWR ETF ETF 464287515 9,030 82,957 SH   SOLE   82,957 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1,070 73,290 SH   SOLE   73,290 0 0
ISHARES TR U.S. REAL ES ETF ETF 464287739 3,869 50,280 SH   SOLE   50,280 0 0
KRAFT HEINZ CO COM 500754106 1,422 16,290 SH   SOLE   16,290 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 20,693 307,745 SH   SOLE   307,745 0 0
LASALLE HOTEL PPTYS COM 517942108 814 26,722 SH   SOLE   26,722 0 0
MID AMER APT CMNTYS INC COM 59522J103 261 2,670 SH   SOLE   2,670 0 0
MB FINANCIAL INC NEW COM 55264U108 936 19,828 SH   SOLE   19,828 0 0
MFA FINL INC COM 55272X102 177 23,150 SH   SOLE   23,150 0 0
MANULIFE FINL CORP COM 56501R106 22,602 1,269,259 SH   SOLE   1,269,259 0 0
MGM RESORTS INTERNATIONAL COM 552953101 11,061 383,680 SH   SOLE   383,680 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 1,326 52,406 SH   SOLE   52,406 0 0
MARKETAXESS HLDGS INC COM 57060D108 258 1,755 SH   SOLE   1,755 0 0
MGIC INVT CORP WIS COM 552848103 570 55,930 SH   SOLE   55,930 0 0
NIKE INC CL B 654106103 2,542 50,010 SH   SOLE   50,010 0 0
NEW RESIDENTIAL INVT CORP COM 64828T201 1,383 87,990 SH   SOLE   87,990 0 0
NVR INC COM 62944T105 330 198 SH   SOLE   198 0 0
NEWELL BRANDS INC COM 651229106 7,764 173,892 SH   SOLE   173,892 0 0
NEXSTAR BROADCASTING GROUP I CALL CL A 65336K903 4,115 65,000 SH Call SOLE   65,000 0 0
NEXSTAR BROADCASTING GROUP I CL A CL A 65336K103 21,759 343,748 SH   SOLE   343,748 0 0
OASIS PETE INC NEW COM 674215108 7,824 516,769 SH   SOLE   516,769 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 17,433 1,788,214 SH   SOLE   1,788,214 0 0
OPEN TEXT CORP COM 683715106 5,016 81,220 SH   SOLE   81,220 0 0
BANK OF THE OZARKS INC COM 063904106 944 17,956 SH   SOLE   17,956 0 0
PACWEST BANCORP DEL COM 695263103 568 10,430 SH   SOLE   10,430 0 0
PAYLOCITY HLDG CORP COM 70438V106 852 28,380 SH   SOLE   28,380 0 0
PARSLEY ENERGY INC CL A 701877102 3,548 100,673 SH   SOLE   100,673 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 771 25,916 SH   SOLE   25,916 0 0
PROLOGIS INC COM 74340W103 5,979 113,259 SH   SOLE   113,259 0 0
PNC FINL SVCS GROUP INC COM 693475105 1,311 11,208 SH   SOLE   11,208 0 0
POTASH CORP SASK INC COM 73755L107 2,631 145,440 SH   SOLE   145,440 0 0
PUBLIC STORAGE COM 74460D109 4,689 20,980 SH   SOLE   20,980 0 0
PIONEER NAT RES CO COM 723787107 5,439 30,204 SH   SOLE   30,204 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 26,553 557,137 SH   SOLE   557,137 0 0
REGAL ENTMT GROUP CL A 758766109 648 31,460 SH   SOLE   31,460 0 0
RICE ENERGY INC COM 762760106 11,226 525,787 SH   SOLE   525,787 0 0
ROPER TECHNOLOGIES INC COM 776696106 35,233 192,445 SH   SOLE   192,445 0 0
SPIRIT AIRLS INC COM 848577102 240 4,140 SH   SOLE   4,140 0 0
STARBUCKS CORP COM 855244109 6,434 115,881 SH   SOLE   115,881 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 622 36,300 SH   SOLE   36,300 0 0
SANTANDER CONSUMER USA HDG I COM 80283M101 299 22,160 SH   SOLE   22,160 0 0
SCHWAB CHARLES CORP NEW COM 808513105 320 8,096 SH   SOLE   8,096 0 0
SHOPIFY INC CL A 82509L107 1,980 46,183 SH   SOLE   46,183 0 0
SITEONE LANDSCAPE SUPPLY INC COM 82982L103 4,293 123,602 SH   SOLE   123,602 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 22,078 368,219 SH   SOLE   368,219 0 0
U S SILICA HLDGS INC COM 90346E103 1,587 28,000 SH   SOLE   28,000 0 0
SLM CORP COM 78442P106 527 47,778 SH   SOLE   47,778 0 0
SIMON PPTY GROUP INC NEW COM 828806109 7,240 40,750 SH   SOLE   40,750 0 0
SANDSTORM GOLD LTD COM 80013R206 5,287 1,347,153 SH   SOLE   1,347,153 0 0
SUNTRUST BKS INC COM 867914103 261 4,760 SH   SOLE   4,760 0 0
STEEL DYNAMICS INC COM 858119100 244 6,855 SH   SOLE   6,855 0 0
SUNCOR ENERGY INC NEW COM 867224107 9,565 292,550 SH   SOLE   292,550 0 0
SUN CMNTYS INC COM 866674104 19,145 249,905 SH   SOLE   249,905 0 0
SOUTHWESTERN ENERGY CO COM 845467109 5,693 526,201 SH   SOLE   526,201 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 1,478 18,858 SH   SOLE   18,858 0 0
TORONTO DOMINION BK ONT COM 891160509 2,194 44,480 SH   SOLE   44,480 0 0
TECK RESOURCES LTD CL B 878742204 527 26,348 SH   SOLE   26,348 0 0
TJX COS INC NEW COM 872540109 2,161 28,760 SH   SOLE   28,760 0 0
TEEKAY CORPORATION COM Y8564W103 126 15,649 SH   SOLE   15,649 0 0
ISHARES TR 20 YR TR BD ETF ETF 464287432 16,312 136,930 SH   SOLE   136,930 0 0
TRIVAGO N V SPON ADS A SHS COM 89686D105 3,701 315,000 SH   SOLE   315,000 0 0
TESORO CORP COM 881609101 389 4,450 SH   SOLE   4,450 0 0
HOSTESS BRANDS INC CL A 44109J106 8,999 692,213 SH   SOLE   692,213 0 0
HOSTESS BRANDS INC W EXP 11/04/202 CL A 44109J114 350 200,000 SH   SOLE   200,000 0 0
TEXAS ROADHOUSE INC COM 882681109 1,338 27,737 SH   SOLE   27,737 0 0
TYLER TECHNOLOGIES INC COM 902252105 17,271 120,971 SH   SOLE   120,971 0 0
US BANCORP DEL COM 902973304 1,305 25,405 SH   SOLE   25,405 0 0
VISA INC CL A 92826C839 1,304 16,710 SH   SOLE   16,710 0 0
WASHINGTON FED INC COM 938824109 950 27,671 SH   SOLE   27,671 0 0
WASTE CONNECTIONS INC COM 94106B101 14,020 178,391 SH   SOLE   178,391 0 0
WPX ENERGY INC COM 98212B103 5,679 389,787 SH   SOLE   389,787 0 0
WINTRUST FINL CORP COM 97650W108 868 11,958 SH   SOLE   11,958 0 0
CIMAREX ENERGY CO COM 171798101 11,987 88,207 SH   SOLE   88,207 0 0
ZIONS BANCORPORATION COM 989701107 1,407 32,700 SH   SOLE   32,700 0 0