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
ALCOA INC COM 013817101 97 10,431 SH   SOLE 0 10,431 0 0
ALLY FINL INC COM 02005N100 18,687 1,094,704 SH   SOLE 0 1,094,704 0 0
AMTRUST FINL SVCS INC COM 032359309 1,621 66,150 SH   SOLE 0 66,150 0 0
AON PLC SHS CL A G0408V102 37,203 340,593 SH   SOLE 0 340,593 0 0
ARAMARK COM 03852U106 22,425 670,992 SH   SOLE 0 670,992 0 0
AXALTA COATING SYS LTD COM G0750C108 19,312 727,934 SH   SOLE 0 727,934 0 0
BABCOCK & WILCOX ENTERPRIS I COM 05614L100 1,630 110,971 SH   SOLE 0 110,971 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 5,802 40,075 SH   SOLE 0 40,075 0 0
BWX TECHNOLOGIES INC COM 05605H100 9,070 253,555 SH   SOLE 0 253,555 0 0
CALPINE CORP COM NEW 131347304 8,297 562,535 SH   SOLE 0 562,535 0 0
CAPITAL ONE FINL CORP COM 14040H105 243 3,831 SH   SOLE 0 3,831 0 0
CITIGROUP INC COM NEW 172967424 4,986 117,620 SH   SOLE 0 117,620 0 0
CLEARWATER PAPER CORP COM 18538R103 16,460 251,802 SH   SOLE 0 251,802 0 0
COMMSCOPE HLDG CO INC COM 20337X109 14,795 476,791 SH   SOLE 0 476,791 0 0
CONSOL ENERGY INC COM 20854P109 1,777 110,447 SH   SOLE 0 110,447 0 0
CVS HEALTH CORP COM 126650100 3,284 34,300 SH   SOLE 0 34,300 0 0
DIAMOND RESORTS INTL INC COM 25272T104 36,024 1,202,410 SH   SOLE 0 1,202,410 0 0
DISCOVER FINL SVCS COM 254709108 3,202 59,758 SH   SOLE 0 59,758 0 0
EASTMAN CHEM CO COM 277432100 1,199 17,655 SH   SOLE 0 17,655 0 0
ECHOSTAR CORP CL A 278768106 517 13,035 SH   SOLE 0 13,035 0 0
ENCORE CAP GROUP INC COM 292554102 1,213 51,555 SH   SOLE 0 51,555 0 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 2,607 38,825 SH   SOLE 0 38,825 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 3,533 51,771 SH   SOLE 0 51,771 0 0
ENZO BIOCHEM INC COM 294100102 545 91,293 SH   SOLE 0 91,293 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 440 15,111 SH   SOLE 0 15,111 0 0
EXPEDIA INC DEL COM NEW 30212P303 1,764 16,592 SH   SOLE 0 16,592 0 0
FERROGLOBE PLC SHS G33856108 1,783 207,107 SH   SOLE 0 207,107 0 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 550 89,800 SH   SOLE 0 89,800 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 2,005 87,737 SH   SOLE 0 87,737 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 775 34,752 SH   SOLE 0 34,752 0 0
GENERAL MTRS CO COM 37045V100 283 10,009 SH   SOLE 0 10,009 0 0
GREATBATCH INC COM 39153L106 264 8,530 SH   SOLE 0 8,530 0 0
HD SUPPLU HLDGS INC COM 40416M105 22,627 649,818 SH   SOLE 0 649,818 0 0
HONEYWELL INTL INC COM 438516106 918 7,888 SH   SOLE 0 7,888 0 0
IAC INTERACTIVECORP COM 44919P508 30,672 544,793 SH   SOLE 0 544,793 0 0
IMS HEALTH HLDGS INC COM 44970B109 26,493 1,044,689 SH   SOLE 0 1,044,689 0 0
INSTALLED BLDG PRODS INC COM 45780R101 9,369 258,164 SH   SOLE 0 258,164 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 795 50,000 SH   SOLE 0 50,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 12,620 109,758 SH   SOLE 0 109,758 0 0
KAR AUCTION SVCS INC COM 48238T109 25,917 620,908 SH   SOLE 0 620,908 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 2,979 102,495 SH   SOLE 0 102,495 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 5,245 183,073 SH   SOLE 0 183,073 0 0
LIBERTY INTERACTIVE CORP QVC GP COM SER A 53071M104 26,719 1,053,183 SH   SOLE 0 1,053,183 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 467 14,487 SH   SOLE 0 14,487 0 0
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 755 23,236 SH   SOLE 0 23,236 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 738 23,528 SH   SOLE 0 23,528 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 4,124 111,250 SH   SOLE 0 111,250 0 0
LOEWS CORP COM 540424108 467 11,369 SH   SOLE 0 11,369 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 206 2,772 SH   SOLE 0 2,772 0 0
MADISON SQUARE GARDEN CO NEW CL A 55825T103 2,578 14,945 SH   SOLE 0 14,945 0 0
MARRIOTT INTL INC NEW CL A 571903202 338 5,081 SH   SOLE 0 5,081 0 0
METLIFE INC COM 59156R108 1,573 39,495 SH   SOLE 0 39,495 0 0
NATIONAL GEN HLDGS CORP COM 636220303 3,735 174,392 SH   SOLE 0 174,392 0 0
NATIONSTAR MTG HLDGS INC COM 63861C109 323 28,708 SH   SOLE 0 28,708 0 0
NEWS CORP NEW CL A 65249B109 13,929 1,227,249 SH   SOLE 0 1,227,249 0 0
NEWS CORP NEW CL B 65249B208 581 49,790 SH   SOLE 0 49,790 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 15,923 1,559,538 SH   SOLE 0 1,559,538 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 3,155 275,985 SH   SOLE 0 275,985 0 0
OFS CAP CORP COM 67103B100 626 48,740 SH   SOLE 0 48,740 0 0
OLIN CORP COM PAR $1 680665205 23,100 929,969 SH   SOLE 0 929,969 0 0
ORBITAL ATK INC COM 68557N103 29,363 344,874 SH   SOLE 0 344,874 0 0
PENTAIR PLC SHS G7S00T104 9,365 160,659 SH   SOLE 0 160,659 0 0
PHILLIPS 66 COM 718546104 1,269 15,989 SH   SOLE 0 15,989 0 0
QUINTILES TRANSNATIO HLDGS I COM 74876Y101 13,595 208,125 SH   SOLE 0 208,125 0 0
ROUSE PPTYS INC COM 779287101 663 36,323 SH   SOLE 0 36,323 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 29,041 573,374 SH   SOLE 0 573,374 0 0
SIMON PPTY GROUP INC NEW COM 828806109 1,776 8,186 SH   SOLE 0 8,186 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 14,051 470,570 SH   SOLE 0 470,570 0 0
SIRIUS XM HLDGS INC COM 82968B103 1,630 412,598 SH   SOLE 0 412,598 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 7,422 128,069 SH   SOLE 0 128,069 0 0
SKECHERS U S A INC CL A 830566105 692 23,298 SH   SOLE 0 23,298 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,514 11,973 SH   SOLE 0 11,973 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 12,447 59,422 SH   SOLE 0 59,422 0 0
STATE STR CORP COM 857477103 1,598 29,642 SH   SOLE 0 29,642 0 0
SYNCHRONY FINL COM 87165B103 10,183 402,804 SH   SOLE 0 402,804 0 0
TEEKAY CORPORATION COM Y8564W103 159 22,261 SH   SOLE 0 22,261 0 0
TESORO CORP COM 881609101 3,509 46,842 SH   SOLE 0 46,842 0 0
TOWER SEMICONDUCTOR LTD SHS NEW M87915274 391 31,459 SH   SOLE 0 31,459 0 0
TRIPADVISOR INC COM 896945201 724 11,264 SH   SOLE 0 11,264 0 0
VALERO ENERGY CORP NEW COM 91913Y100 1,442 28,281 SH   SOLE 0 28,281 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 2,937 52,605 SH   SOLE 0 52,605 0 0
VOYA FINL INC COM 929089100 22,778 919,940 SH   SOLE 0 919,940 0 0
VWR CORP COM 91843L103 15,803 546,811 SH   SOLE 0 546,811 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 5,900 70,855 SH   SOLE 0 70,855 0 0
WESTMORELAND COAL CO COM 960878106 139 14,578 SH   SOLE 0 14,578 0 0
WILLIS TOWERS WATSON PUB LTD SHS G96629103 8,114 65,275 SH   SOLE 0 65,275 0 0
XENIA HOTELS & RESORTS INC COM 984017103 501 29,862 SH   SOLE 0 29,862 0 0