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
ADVANCED DRAIN SYS INC DEL COM 00790R104 33,697 1,402,300 SH   SOLE N/A 1,402,300 0 0
ALASKA AIR GROUP INC COM 011659109 366,511 4,552,364 SH   SOLE N/A 4,552,364 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 88,935 2,100,000 SH   SOLE N/A 2,100,000 0 0
ANADARKO PETE CORP COM 032511107 9,106 187,444 SH   SOLE N/A 187,444 0 0
ANGIES LIST INC COM 034754101 5,152 551,000 SH   SOLE N/A 551,000 0 0
APACHE CORP COM 037411105 4,002 90,000 SH   SOLE N/A 90,000 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 10,818 300,000 SH   SOLE N/A 300,000 0 0
AVIS BUDGET GROUP COM 053774105 50,293 1,385,869 SH   SOLE N/A 1,385,869 0 0
BOYD GAMING CORP COM 103304101 152,692 7,684,555 SH   SOLE N/A 7,684,555 0 0
CANADIAN PAC RY LTD COM 13645T100 89,505 701,450 SH   SOLE N/A 701,450 0 0
CHAMPIONS ONCOLOGY INC COM NEW 15870P307 2,975 833,333 SH   SOLE N/A 833,333 0 0
CHEGG INC COM 163092109 55,186 8,200,000 SH   SOLE N/A 8,200,000 0 0
CHURCHILL DOWNS INC COM 171484108 182,118 1,287,144 SH   SOLE N/A 1,287,144 0 0
CIGNA CORPORATION COM 125509109 146,587 1,001,753 SH   SOLE N/A 1,001,753 0 0
CLEAN HARBORS INC COM 184496107 68,931 1,655,000 SH   SOLE N/A 1,655,000 0 0
COMERICA INC COM 200340107 3,974 95,000 SH   SOLE N/A 95,000 0 0
CONTROLADORA VUELA CIA DE AV SPON ADR RP 10 21240E105 52,952 3,085,787 SH   SOLE N/A 3,085,787 0 0
COSTAR GROUP INC COM 22160N109 13,228 64,000 SH   SOLE N/A 64,000 0 0
CSX CORP COM 126408103 12,975 500,000 SH   SOLE N/A 500,000 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 48,647 1,050,000 SH   SOLE N/A 1,050,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 776,358 15,315,809 SH   SOLE N/A 15,315,809 0 0
DOVER MOTORSPORTS INC COM 260174107 1,566 671,931 SH   SOLE N/A 671,931 0 0
EAGLE MATERIALS INC COM 26969P108 13,644 225,781 SH   SOLE N/A 225,781 0 0
ELDORADO RESORTS INC COM 28470R102 28,069 2,551,710 SH   SOLE N/A 2,551,710 0 0
ENSIGN GROUP INC COM 29358P101 11,315 500,000 SH   SOLE N/A 500,000 0 0
EVINE LIVE INC CL A 300487105 7,552 4,242,900 SH   SOLE N/A 4,242,900 0 0
EXPEDIA INC DEL COM NEW 30212P303 471,450 3,792,840 SH   SOLE N/A 3,792,840 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 5,285 80,000 SH   SOLE N/A 80,000 0 0
FREEPORT-MCMORAN INC CL B 35671D857 5,416 800,000 SH   SOLE N/A 800,000 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 126,401 4,546,805 SH   SOLE N/A 4,546,805 0 0
GENERAL MTRS CO COM 37045V100 78,344 2,303,550 SH   SOLE N/A 2,303,550 0 0
GENESEE & WYO INC CL A 371559105 25,308 471,382 SH   SOLE N/A 471,382 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 286,043 28,981,072 SH   SOLE N/A 28,981,072 0 0
GOLDEN ENTMT INC COM 381013101 4,887 477,716 SH   SOLE N/A 477,716 0 0
GREENBRIER COS INC COM 393657101 13,775 422,275 SH   SOLE N/A 422,275 0 0
GRUBHUB INC COM 400110102 63,885 2,639,871 SH   SOLE N/A 2,639,871 0 0
HCA HOLDINGS INC COM 40412C101 72,197 1,067,529 SH   SOLE N/A 1,067,529 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 28,460 2,000,000 SH   SOLE N/A 2,000,000 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 10,250 40,000 SH   SOLE N/A 40,000 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 27,070 1,673,081 SH   SOLE N/A 1,673,081 0 0
INVESCO LTD SHS G491BT108 20,088 600,000 SH   SOLE N/A 600,000 0 0
INVESTMENT TECHNOLOGY GRP NE COM 46145F105 9,361 550,000 SH   SOLE N/A 550,000 0 0
MAKEMYTRIP LIMITED MAURITIUS SHS V5633W109 1,372 79,973 SH   SOLE N/A 79,973 0 0
MASONITE INTL CORP NEW COM 575385109 16,655 272,000 SH   SOLE N/A 272,000 0 0
MELCO CROWN ENTMT LTD ADR 585464100 1,680 100,000 SH   SOLE N/A 100,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 40,896 1,800,000 SH   SOLE N/A 1,800,000 0 0
MOELIS & CO CL A 60786M105 2,189 75,000 SH   SOLE N/A 75,000 0 0
NEWFIELD EXPL CO COM 651290108 6,593 202,500 SH   SOLE N/A 202,500 0 0
NORFOLK SOUTHERN CORP COM 655844108 38,066 450,000 SH   SOLE N/A 450,000 0 0
OWENS CORNING NEW COM 690742101 93,108 1,979,762 SH   SOLE N/A 1,979,762 0 0
PENN NATL GAMING INC COM 707569109 95,180 5,941,300 SH   SOLE N/A 5,941,300 0 0
PENNYMAC FINL SVCS INC CL A 70932B101 2,995 195,000 SH   SOLE N/A 195,000 0 0
PGT INC COM 69336V101 13,055 1,146,172 SH   SOLE N/A 1,146,172 0 0
PINNACLE ENTMT INC COM 723456109 69,352 2,228,528 SH   SOLE N/A 2,228,528 0 0
PLAINS GP HLDGS L P SHS A REP LTPN 72651A108 5,134 543,309 SH   SOLE N/A 543,309 0 0
POZEN INC COM 73941U102 26,389 3,863,699 SH   SOLE N/A 3,863,699 0 0
PRICELINE GRP INC COM NEW 741503403 167,854 131,655 SH   SOLE N/A 131,655 0 0
PROVIDENCE SVC CORP COM 743815102 7,041 150,066 SH   SOLE N/A 150,066 0 0
PURECYCLE CORP COM NEW 746228303 28,718 5,982,970 SH   SOLE N/A 5,982,970 0 0
Q2 HLDGS INC COM 74736L109 4,087 155,000 SH   SOLE N/A 155,000 0 0
QUNAR CAYMAN IS LTD SPNS ADR CL B 74906P104 144,855 2,746,586 SH   SOLE N/A 2,746,586 0 0
RITE AID CORP COM 767754104 53,601 6,836,922 SH   SOLE N/A 6,836,922 0 0
RMG NETWORKS HLDG CORP COM 74966K102 2,246 2,995,293 SH   SOLE N/A 2,995,293 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 36,875 4,110,955 SH   SOLE N/A 4,110,955 0 0
SERVICEMASTER GLOBAL HLDGS I COM 81761R109 36,788 937,500 SH   SOLE N/A 937,500 0 0
SOUTHWEST AIRLS CO COM 844741108 244,904 5,687,500 SH   SOLE N/A 5,687,500 0 0
STATE STR CORP COM 857477103 5,972 90,000 SH   SOLE N/A 90,000 0 0
STIFEL FINL CORP COM 860630102 8,260 195,000 SH   SOLE N/A 195,000 0 0
STONE ENERGY CORP COM 861642106 922 215,000 SH   SOLE N/A 215,000 0 0
TRIPADVISOR INC COM 896945201 143,424 1,682,390 SH   SOLE N/A 1,682,390 0 0
TRUECAR INC COM 89785L107 40,068 4,200,041 SH   SOLE N/A 4,200,041 0 0
UNITED CONTL HLDGS INC COM 910047109 368,072 6,423,600 SH   SOLE N/A 6,423,600 0 0
UNITED RENTALS INC COM 911363109 54,768 755,000 SH   SOLE N/A 755,000 0 0
VANTIV INC CL A 92210H105 3,476 73,300 SH   SOLE N/A 73,300 0 0
VIRGIN AMER INC COM VTG 92765X208 81,544 2,264,492 SH   SOLE N/A 2,264,492 0 0
VIRTUS INVT PARTNERS INC COM 92828Q109 5,286 45,000 SH   SOLE N/A 45,000 0 0
VISA INC COM CL A 92826C839 20,008 258,000 SH   SOLE N/A 258,000 0 0
WELLCARE HEALTH PLANS INC COM 94946T106 39,105 500,000 SH   SOLE N/A 500,000 0 0
WEX INC COM 96208T104 15,912 180,000 SH   SOLE N/A 180,000 0 0
WYNN RESORTS LTD COM 983134107 23,525 340,000 SH   SOLE N/A 340,000 0 0