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
ACTUANT CORP CL A NEW 00508X203 9,212 355,000 SH   SOLE   355,000 0 0
ALLIANCE HOLDINGS GP LP COM UNITS LP 01861G100 5,943 211,500 SH   SOLE   211,500 0 0
ALLIANCE RES PARTNER LP UT LTD PART 01877R108 909 40,500 SH   SOLE   40,500 0 0
AVIS BUDGET GROUP COM 053774105 13,319 363,100 SH   SOLE   363,100 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 244 1 SH   SOLE   1 0 0
CF INDS HLDGS INC COM 125269100 11,018 350,000 SH   SOLE   350,000 0 0
CNX COAL RES LP COM UNIT RP LP 12592V100 6,388 350,000 SH   SOLE   350,000 0 0
CALATLANTIC GROUP INC COM 128195104 85 2,500 SH   SOLE   2,500 0 0
CAMECO CORP COM 13321L108 2,094 200,000 SH   SOLE   200,000 0 0
CAPITAL SR LIVING CORP COM 140475104 17,334 1,080,000 SH   SOLE   1,080,000 0 0
CINER RES LP COM UNIT LTD 172464109 7,192 248,000 SH   SOLE   248,000 0 0
CROSSAMERICA PARTNERS LP UT LTD PTN INT 22758A105 15,744 625,000 SH   SOLE   625,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 14,757 300,000 SH   SOLE   300,000 0 0
HERTZ GLOBAL HLDGS INC COM 42806J106 7,544 349,900 SH   SOLE   349,900 0 0
ICONIX BRAND GROUP INC COM 451055107 280 30,000 SH   SOLE   30,000 0 0
KOPPERS HOLDINGS INC COM 50060P106 14,709 365,000 SH   SOLE   365,000 0 0
NATIONAL OILWELL VARCO INC COM 637071101 4,774 127,500 SH   SOLE   127,500 0 0
NORTHERN DYNASTY MINERALS LT COM NEW 65510M204 414 200,000 SH   SOLE   200,000 0 0
OWENS ILL INC COM 690768403 3,360 193,000 SH   SOLE   193,000 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 2,341 72,500 SH   SOLE   72,500 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 181 5,000 SH   SOLE   5,000 0 0
US BANCORP DEL COM NEW 902973304 7,706 150,000 SH   SOLE   150,000 0 0
AXALTA COATING SYS LTD COM G0750C108 8,160 300,000 SH   SOLE   300,000 0 0
ENDO INTL PLC SHS G30401106 305 18,500 SH   SOLE   18,500 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 129 551 SH   SOLE   551 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 178 500 SH   SOLE   500 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 107 500 SH   SOLE   500 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 106 500 SH   SOLE   500 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 168 1,000 SH   SOLE   1,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 257 1,000 SH   SOLE   1,000 0 0
SPDR SP 500 ETF TR TR UNIT 78462F103 2 250 SH   SOLE   250 0 0
SPDR SP 500 ETF TR TR UNIT 78462F103 3 250 SH   SOLE   250 0 0
SPDR SP 500 ETF TR TR UNIT 78462F103 3 250 SH   SOLE   250 0 0
SPDR SP 500 ETF TR TR UNIT 78462F103 10 250 SH   SOLE   250 0 0
SPDR SP 500 ETF TR TR UNIT 78462F103 12 250 SH   SOLE   250 0 0
SPDR SP 500 ETF TR TR UNIT 78462F103 49 500 SH   SOLE   500 0 0
SPDR SP 500 ETF TR TR UNIT 78462F103 14 500 SH   SOLE   500 0 0
SPDR SP 500 ETF TR TR UNIT 78462F103 18 500 SH   SOLE   500 0 0