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 3,673 25,502 SH   SOLE   25,502 0 0
AMERIS BANCORP COM 03076K108 351 7,286 SH   SOLE   7,286 0 0
AERCAP HOLDINGS NV SHS N00985106 1,043 22,463 SH   SOLE   22,463 0 0
ALBEMARLE CORP COM 012653101 1,652 15,655 SH   SOLE   15,655 0 0
ALEXANDER & BALDWIN INC COM 014491104 966 23,340 SH   SOLE   23,340 0 0
ALLY FINL INC COM 02005N100 1,049 50,205 SH   SOLE   50,205 0 0
AMAZON INC COM 023135106 1,236 1,277 SH   SOLE   1,277 0 0
AON PLC CL A G0408V102 8,415 63,295 SH   SOLE   63,295 0 0
ARAMARK COM 03852U106 4,122 100,575 SH   SOLE   100,575 0 0
AVERY DENNISON CORP COM 053611109 7,697 87,097 SH   SOLE   87,097 0 0
AMERICAN EXPRESS CO COM 025816109 592 7,032 SH   SOLE   7,032 0 0
BANK AMER CORP COM 060505104 1,586 65,365 SH   SOLE   65,365 0 0
BROOKFIELD ASSET MGMT INC LTD VT SH COM 112585104 9,590 244,590 SH   SOLE   244,590 0 0
BANC OF CALIFORNIA INC COM 05990K106 789 36,685 SH   SOLE   36,685 0 0
BB&T CORP COM 054937107 3,876 85,361 SH   SOLE   85,361 0 0
BROOKFIELD BUSINESS PARTNERS UNIT LTD LP COM G16234109 6,189 229,004 SH   SOLE   229,004 0 0
BANK HAWAII CORP COM 062540109 818 9,863 SH   SOLE   9,863 0 0
POPULAR INC COM 733174700 727 17,425 SH   SOLE   17,425 0 0
CITIGROUP INC COM 172967424 1,197 17,905 SH   SOLE   17,905 0 0
CHEESECAKE FACTORY INC COM 163072101 1,585 31,513 SH   SOLE   31,513 0 0
CBOE HLDGS INC COM 12503M108 518 5,669 SH   SOLE   5,669 0 0
CITIZENS FINL GROUP INC COM 174610105 802 22,475 SH   SOLE   22,475 0 0
CHURCH & DWIGHT INC COM 171340102 3,779 72,840 SH   SOLE   72,840 0 0
CHIMERA INVT CORP COM 16934Q208 200 10,714 SH   SOLE   10,714 0 0
CONTINENTAL RESOURCES INC COM 212015101 7,495 231,813 SH   SOLE   231,813 0 0
CDN IMPERIAL BK M TORONTO COM 136069101 1,208 14,871 SH   SOLE   14,871 0 0
ERICA INC COM 200340107 3,503 47,825 SH   SOLE   47,825 0 0
CANADIAN NAT RES LTD COM 136385101 15,106 523,872 SH   SOLE   523,872 0 0
COSTCO WHSL CORP COM 22160K105 16,460 102,922 SH   SOLE   102,922 0 0
CANADIAN PAC RY LTD COM 13645T100 19,460 121,030 SH   SOLE   121,030 0 0
CALLON PETE CO DEL COM 13123X102 2,684 253,007 SH   SOLE   253,007 0 0
CAVCO INDS INC DEL COM 149568107 2,410 18,585 SH   SOLE   18,585 0 0
CAMPING WORLD HLDGS INC CL A 13462K109 23,960 776,665 SH   SOLE   776,665 0 0
DELTA AIR LINES INC DEL COM 247361702 13,383 249,026 SH   SOLE   249,026 0 0
DECKERS OUTDOOR CORP COM 243537107 2,522 36,940 SH   SOLE   36,940 0 0
DISCOVER FINL SVCS COM 254709108 1,238 19,910 SH   SOLE   19,910 0 0
D R HORTON INC COM 23331A109 1,175 34,000 SH   SOLE   34,000 0 0
DISNEY WALT CO DISNEY COM 254687106 1,598 15,040 SH   SOLE   15,040 0 0
DELPHI AUTOMOTIVE PLC COM G27823106 2,316 26,420 SH   SOLE   26,420 0 0
ELECTRONIC ARTS INC COM 285512109 2,474 23,400 SH   SOLE   23,400 0 0
ENERGEN CORP COM 29265N108 6,013 121,795 SH   SOLE   121,795 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 19,583 226,808 SH   SOLE   226,808 0 0
ENBRIDGE INC COM 29250N105 1,194 30,000 SH   SOLE   30,000 0 0
EOG RES INC COM 26875P101 1,574 17,392 SH   SOLE   17,392 0 0
EQT CORP COM 26884L109 11,396 194,509 SH   SOLE   194,509 0 0
ENERPLUS CORP COM 292766102 5,167 637,431 SH   SOLE   637,431 0 0
ELBIT SYS LTD ORD COM M3760D101 676 5,462 SH   SOLE   5,462 0 0
E TRADE FINANCIAL CORP COM 269246401 1,472 38,712 SH   SOLE   38,712 0 0
EAST WEST BANCORP INC COM 27579R104 711 12,139 SH   SOLE   12,139 0 0
EXTRA SPACE STORAGE INC COM 30225T102 2,360 30,254 SH   SOLE   30,254 0 0
DIAMONDBACK ENERGY INC COM 25278X109 12,353 139,100 SH   SOLE   139,100 0 0
FACEBOOK INC CL A 30303M102 33,531 222,087 SH   SOLE   222,087 0 0
FCB FINL HLDGS INC CL A 30255G103 835 17,479 SH   SOLE   17,479 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 225 8,975 SH   SOLE   8,975 0 0
FIFTH THIRD BANCORP COM 316773100 2,467 95,044 SH   SOLE   95,044 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 996 6,906 SH   SOLE   6,906 0 0
FNB CORP PA COM 302520101 919 64,910 SH   SOLE   64,910 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 557 5,560 SH   SOLE   5,560 0 0
FORTIVE CORP COM 34959J108 14,442 227,965 SH   SOLE   227,965 0 0
GOLDCORP INC COM 380956409 1,034 80,260 SH   SOLE   80,260 0 0
GODADDY INC CL A 380237107 9,814 231,350 SH   SOLE   231,350 0 0
ALPHABET INC CAP STK CL A 02079K305 2,591 2,787 SH   SOLE   2,787 0 0
HYATT HOTELS CORP CL A 448579102 1,393 24,785 SH   SOLE   24,785 0 0
HANCOCK HLDG CO COM 410120109 802 16,365 SH   SOLE   16,365 0 0
HEICO CORP COM 422806109 748 10,410 SH   SOLE   10,410 0 0
HEARTLAND FINL USA INC COM 42234Q102 282 5,997 SH   SOLE   5,997 0 0
IBERIABANK CORP COM 450828108 1,468 18,013 SH   SOLE   18,013 0 0
INTEL CORP COM 458140100 1,718 50,920 SH   SOLE   50,920 0 0
INVITATION HOMES INC COM 46187W107 776 35,887 SH   SOLE   35,887 0 0
ISHARES TR U.S. REAL ES ETF ETF 464287739 1,567 19,644 SH   SOLE   19,644 0 0
JPMORGAN CHASE & CO COM 46625H100 2,006 21,945 SH   SOLE   21,945 0 0
KEYCORP COM 493267108 3,014 160,825 SH   SOLE   160,825 0 0
KKR & CO L P DEL UNITS COM 48248M102 901 48,424 SH   SOLE   48,424 0 0
SPDR SERIES TRUST S&P REGL BKG COM 78464A698 1,647 29,966 SH   SOLE   29,966 0 0
LAMAR ADVERTISING CO CL A 512816109 21,920 297,942 SH   SOLE   297,942 0 0
LAZARD LTD A COM G54050102 371 8,000 SH   SOLE   8,000 0 0
LENNAR CORP CL A 526057104 1,137 21,320 SH   SOLE   21,320 0 0
LOWES COS INC COM 548661107 10,889 140,445 SH   SOLE   140,445 0 0
LPL FINL HLDGS INC COM 50212V100 551 12,979 SH   SOLE   12,979 0 0
MASTERCARD INCORPORATED CL A 57636Q104 1,277 10,515 SH   SOLE   10,515 0 0
MID AMER APT CMNTYS INC COM 59522J103 1,692 16,060 SH   SOLE   16,060 0 0
MBIA INC COM 55262C100 687 72,800 SH   SOLE   72,800 0 0
MOODYS CORP COM 615369105 799 6,570 SH   SOLE   6,570 0 0
MANULIFE FINL CORP COM 56501R106 2,335 124,623 SH   SOLE   124,623 0 0
MIDDLEBY CORP COM 596278101 2,399 19,745 SH   SOLE   19,745 0 0
MCCORMICK & CO INC NON VTG COM 579780206 1,603 16,443 SH   SOLE   16,443 0 0
MARKETAXESS HLDGS INC COM 57060D108 531 2,640 SH   SOLE   2,640 0 0
MARTIN MARIETTA MATLS INC COM 573284106 3,839 17,249 SH   SOLE   17,249 0 0
MORGAN STANLEY COM 617446448 1,206 27,060 SH   SOLE   27,060 0 0
MADISON SQUARE GARDEN CO CL A 55825T103 5,185 26,332 SH   SOLE   26,332 0 0
NATHANS FAMOUS INC COM 632347100 215 3,415 SH   SOLE   3,415 0 0
FIELD EXPL CO COM 651290108 7,984 280,537 SH   SOLE   280,537 0 0
BANK OF NT BUTTERFIELD&SON L COM G0772R208 851 24,956 SH   SOLE   24,956 0 0
NORTHERN TR CORP COM 665859104 882 9,072 SH   SOLE   9,072 0 0
NVIDIA CORP COM 67066G104 1,718 11,884 SH   SOLE   11,884 0 0
NVR INC COM 62944T105 1,229 510 SH   SOLE   510 0 0
HOME CO INC COM 645370107 439 38,309 SH   SOLE   38,309 0 0
ELL BRANDS INC COM 651229106 2,520 47,003 SH   SOLE   47,003 0 0
NEXPOINT RESIDENTIAL TR INC COM 65341D102 670 26,935 SH   SOLE   26,935 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 2,687 44,931 SH   SOLE   44,931 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 18,689 1,530,158 SH   SOLE   1,530,158 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 1,342 75,969 SH   SOLE   75,969 0 0
PARSLEY ENERGY INC CL A 701877102 11,567 416,836 SH   SOLE   416,836 0 0
PEPSICO INC COM 713448108 1,646 14,255 SH   SOLE   14,255 0 0
PENNYMAC FINL SVCS INC CL A 70932B101 414 24,800 SH   SOLE   24,800 0 0
PROLOGIS INC COM 74340W103 484 8,261 SH   SOLE   8,261 0 0
PLAYA HOTELS & RESORTS NV COM N70544106 18,010 1,507,109 SH   SOLE   1,507,109 0 0
PNC FINL SVCS GROUP INC COM 693475105 939 7,518 SH   SOLE   7,518 0 0
PATTERSON UTI ENERGY INC COM 703481101 3,873 191,817 SH   SOLE   191,817 0 0
PRAXAIR INC COM 74005P104 797 6,010 SH   SOLE   6,010 0 0
PAYPAL HLDGS INC COM 70450Y103 1,463 27,255 SH   SOLE   27,255 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 31,602 505,313 SH   SOLE   505,313 0 0
REGIONS FINL CORP COM 7591EP100 2,070 141,413 SH   SOLE   141,413 0 0
ROPER TECHNOLOGIES INC COM 776696106 13,189 56,966 SH   SOLE   56,966 0 0
SPRINT CORP SER 1 COM 85207U105 903 110,000 SH   SOLE   110,000 0 0
SIGNATURE BK YORK N Y COM 82669G104 1,069 7,450 SH   SOLE   7,450 0 0
STARBUCKS CORP COM 855244109 1,529 26,227 SH   SOLE   26,227 0 0
SANTANDER CONSUMER USA HDG I COM 80283M101 1,222 95,790 SH   SOLE   95,790 0 0
SCHWAB CHARLES CORP COM 808513105 1,260 29,340 SH   SOLE   29,340 0 0
SHOPIFY INC CL A 82509L107 1,829 21,050 SH   SOLE   21,050 0 0
SHERWIN WILLIAMS CO COM 824348106 954 2,718 SH   SOLE   2,718 0 0
SITEONE LANDSCAPE SUPPLY INC COM 82982L103 5,069 97,360 SH   SOLE   97,360 0 0
SVB FINL GROUP COM 78486Q101 1,203 6,842 SH   SOLE   6,842 0 0
SIX FLAGS ENTMT CORP COM 83001A102 37,372 626,942 SH   SOLE   626,942 0 0
U S SILICA HLDGS INC COM 90346E103 3,086 86,957 SH   SOLE   86,957 0 0
SUN LIFE FINL INC COM 866796105 625 17,500 SH   SOLE   17,500 0 0
SYNOVUS FINL CORP COM 87161C501 2,706 61,175 SH   SOLE   61,175 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B ADR 833635105 1,535 46,495 SH   SOLE   46,495 0 0
SILVER RUN ACQUISITION ADDED COM 82812A103 188 18,513 SH   SOLE   18,513 0 0
SANDSTORM GOLD LTD COM 80013R206 9,263 2,399,370 SH   SOLE   2,399,370 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 7,904 205,778 SH   SOLE   205,778 0 0
STATE STR CORP COM 857477103 435 4,850 SH   SOLE   4,850 0 0
CONSTELLATION BRANDS INC CL A 21036P108 2,263 11,683 SH   SOLE   11,683 0 0
SUNCOR ENERGY INC COM 867224107 2,707 92,696 SH   SOLE   92,696 0 0
SUN CMNTYS INC COM 866674104 45,320 516,821 SH   SOLE   516,821 0 0
CARROLS RESTAURANT GROUP INC COM 14574X104 12,108 988,384 SH   SOLE   988,384 0 0
TCF FINL CORP COM 872275102 203 12,751 SH   SOLE   12,751 0 0
TORONTO DOMINION BK ONT COM 891160509 826 16,410 SH   SOLE   16,410 0 0
TOLL BROTHERS INC COM 889478103 1,078 27,295 SH   SOLE   27,295 0 0
TPG PACE HLDGS CORP UNIT 99/99/9999 ADDED COM G89827102 205 20,000 SH   SOLE   20,000 0 0
TRANSCANADA CORP COM 89353D107 590 12,380 SH   SOLE   12,380 0 0
TRIVAGO N V SPON ADS A COM 89686D105 4,491 189,810 SH   SOLE   189,810 0 0
TRACTOR SUPPLY CO COM 892356106 7,715 142,312 SH   SOLE   142,312 0 0
TRAVELPORT WORLDWIDE LTD COM G9019D104 2,374 172,520 SH   SOLE   172,520 0 0
TWO HBRS INVT CORP COM 90187B101 816 82,302 SH   SOLE   82,302 0 0
AMERCO COM 023586100 1,823 4,981 SH   SOLE   4,981 0 0
UNIVEST CORP PA COM 915271100 386 12,882 SH   SOLE   12,882 0 0
VISA INC CL A 92826C839 3,300 35,190 SH   SOLE   35,190 0 0
VALLEY NATL BANCORP COM 919794107 1,259 106,630 SH   SOLE   106,630 0 0
VISTRA ENERGY CORP ADDED COM 92840M102 368 21,945 SH   SOLE   21,945 0 0
WESTERN ALLIANCE BANCORP COM 957638109 1,349 27,411 SH   SOLE   27,411 0 0
WASTE CONNECTIONS INC COM 94106B101 11,432 177,461 SH   SOLE   177,461 0 0
WELLS FARGO CO COM 949746101 1,591 28,715 SH   SOLE   28,715 0 0
WILLIS TOWERS WATSON PUB LTD COM G96629103 1,075 7,389 SH   SOLE   7,389 0 0
WPX ENERGY INC COM 98212B103 9,423 975,440 SH   SOLE   975,440 0 0
WINTRUST FINL CORP COM 97650W108 519 6,788 SH   SOLE   6,788 0 0
CIMAREX ENERGY CO COM 171798101 8,205 87,276 SH   SOLE   87,276 0 0
SPDR SERIES TRUST S&P RETAIL ETF ETF 78464A714 326 7,995 SH   SOLE   7,995 0 0
XYLEM INC COM 98419M100 4,246 76,600 SH   SOLE   76,600 0 0
ZIONS BANCORPORATION COM 989701107 1,045 23,790 SH   SOLE   23,790 0 0
ZTO EXPRESS CAYMAN INC SPONSORED ADR ADR 98980A105 1,296 92,815 SH   SOLE   92,815 0 0