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
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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
The Active Network Inc Common Stock 00506D100 757 100,000 SH   SOLE 0 100,000 0 0
Aetna Inc Common Stock 00817Y108 149,319 2,350,000 SH   SOLE 0 2,350,000 0 0
Aixtron SE Sponsored ADR 009606104 28,125 1,676,108 SH   SOLE 0 1,676,108 0 0
Alaska Air Group Common Stock 011659109 219,007 4,211,666 SH   SOLE 0 4,211,666 0 0
Angies List Inc. Common Stock 034754101 6,640 250,000 SH   SOLE 0 250,000 0 0
ARM Holdings PLC Sponsored ADR 042068106 30,263 835,300 SH   SOLE 0 835,300 0 0
Aruba Networks Inc. Common Stock 043176106 14,869 968,051 SH   SOLE 0 968,051 0 0
Ameristar Casinos, Inc. Common Stock 03070Q101 55,460 2,109,538 SH   SOLE 0 2,109,538 0 0
Atmel Corp Common Stock 049513104 17,433 2,375,000 SH   SOLE 0 2,375,000 0 0
Acuity Brands Inc Common Stock 00508Y102 28,803 381,395 SH   SOLE 0 381,395 0 0
Boyd Gaming Common Stock 103304101 93,888 8,308,700 SH   SOLE 0 8,308,700 0 0
Bally Technologies Common Stock 05874B107 53,697 951,740 SH   SOLE 0 951,740 0 0
Avis Budget Group Inc Common Stock 053774105 152,397 5,300,759 SH   SOLE 0 5,300,759 0 0
Churchill Downs Common Stock 171484108 98,718 1,251,977 SH   SOLE 0 1,251,977 0 0
Canadian Natural Resources Common Stock 136375102 21,195 750,000 SH   SOLE 0 750,000 0 0
Cree Inc. Common Stock 225447101 28,679 449,300 SH   SOLE 0 449,300 0 0
Salesforce.com Inc Common Stock 79466L302 24,512 642,000 SH   SOLE 0 642,000 0 0
Delta Airlines Inc Common Stock 247361702 249,285 13,323,600 SH   SOLE 0 13,323,600 0 0
Dover Motorsports Inc. Common Stock 260174107 1,451 671,931 SH   SOLE 0 671,931 0 0
Global Eagle Entertainment Inc Common Stock 37951D102 278,250 28,968,499 SH   SOLE 0 28,968,499 0 0
Eagle Materials Inc Common Stock 26969P108 4,480 67,600 SH   SOLE 0 67,600 0 0
Expedia Inc Common Stock 30212P303 76,625 1,273,900 SH   SOLE 0 1,273,900 0 0
Energy XXI Bermuda Common Stock G10082140 4,435 200,000 SH   SOLE 0 200,000 0 0
Facebook Inc Class A 30303M102 1,244 50,000 SH   SOLE 0 50,000 0 0
Freeport-McMoran Cooper Common Stock 35671D857 4,142 150,000 SH   SOLE 0 150,000 0 0
First Marblehead Corp Common Stock 320771108 714 600,000 SH   SOLE 0 600,000 0 0
Greenbrier Companies, Inc Common Stock 393657101 41,665 1,709,700 SH   SOLE 0 1,709,700 0 0
General Motors Common Stock 37045V100 8,612 258,550 SH   SOLE 0 258,550 0 0
Genesee & Wyoming Inc Class A 371559105 10,044 118,382 SH   SOLE 0 118,382 0 0
MarineMax Inc Common Stock 567908108 3,482 307,283 SH   SOLE 0 307,283 0 0
Isle of Capri Casinos Common Stock 464592104 13,916 1,855,528 SH   SOLE 0 1,855,528 0 0
Jive Software Inc Common Stock 47760A108 12,828 706,015 SH   SOLE 0 706,015 0 0
KLA-Tencor Corporation Common Stock 482480100 30,652 550,000 SH   SOLE 0 550,000 0 0
Lakes Entertainment Inc Common Stock 51206P109 4,636 1,316,914 SH   SOLE 0 1,316,914 0 0
US Airways Group Inc Common Stock 90341W108 8,210 500,000 SH   SOLE 0 500,000 0 0
Lone Pine Resources Inc Common Stock 54222A106 130 392,886 SH   SOLE 0 392,886 0 0
Masco Corp Common Stock 574599106 6,432 330,000 SH   SOLE 0 330,000 0 0
Magellan Health Services Inc Common Stock 559079207 17,617 314,148 SH   SOLE 0 314,148 0 0
MGM Resorts Intl Common Stock 552953101 54,729 3,702,900 SH   SOLE 0 3,702,900 0 0
Mueller Industries Inc. Common Stock 624756102 10,162 201,500 SH   SOLE 0 201,500 0 0
MTR Gaming Group Inc Common Stock 553769100 3,131 934,671 SH   SOLE 0 934,671 0 0
Melco Crown Entertainment Sponsored ADR 585464100 62,173 2,780,557 SH   SOLE 0 2,780,557 0 0
Newfield Exploration Co Common Stock 651290108 7,525 315,000 SH   SOLE 0 315,000 0 0
Owens Corning Common Stock 690742101 28,861 738,500 SH   SOLE 0 738,500 0 0
Orbitz Worldwide Inc Common Stock 68557K109 197,579 24,605,094 SH   SOLE 0 24,605,094 0 0
Priceline.com Common Stock 741503403 414,740 501,700 SH   SOLE 0 501,700 0 0
Pure Cycle Corp Common Stock 746228303 33,445 5,982,970 SH   SOLE 0 5,982,970 0 0
Penn National Gaming Common Stock 707569109 185,166 3,498,984 SH   SOLE 0 3,498,984 0 0
Pinnacle Enmt Common Stock 723456109 7,868 400,000 SH   SOLE 0 400,000 0 0
Pozen Inc Common Stock 73941U102 16,364 3,266,299 SH   SOLE 0 3,266,299 0 0
Ryman Hospitality Properties Common Stock 78377T107 2,731 70,000 SH   SOLE 0 70,000 0 0
Spirit Airlines Inc Common Stock 848577102 61,541 1,940,124 SH   SOLE 0 1,940,124 0 0
Stone Energy Corp Common Stock 861642106 8,702 395,000 SH   SOLE 0 395,000 0 0
Skilled Healthcare Group Class A 83066R107 3,705 554,715 SH   SOLE 0 554,715 0 0
Taro Pharmaceutical Industries Common Stock M8737E108 2,149 38,437 SH   SOLE 0 38,437 0 0
Tripadvisor Inc. Common Stock 896945201 194,168 3,189,887 SH   SOLE 0 3,189,887 0 0
Universal Health Services Class B 913903100 22,197 331,500 SH   SOLE 0 331,500 0 0
UnitedHealth Group Inc Common Stock 91324P102 114,590 1,750,000 SH   SOLE 0 1,750,000 0 0
United Rentals Inc. Common Stock 911363109 70,014 1,402,813 SH   SOLE 0 1,402,813 0 0
Valuevision Media Inc. Class A 92047K107 24,239 4,743,400 SH   SOLE 0 4,743,400 0 0
Wellcare Health Plans Common Stock 94946T106 27,775 500,000 SH   SOLE 0 500,000 0 0
Wellpoint Inc. Common Stock 94973V107 204,600 2,500,000 SH   SOLE 0 2,500,000 0 0