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
ACUITY BRANDS INC COM 00508Y102 20,254 152,783 SH   SOLE N/A 152,783 0 0
AIXTRON SE SPONSORED ADR 009606104 29,316 1,798,509 SH   SOLE N/A 1,798,509 0 0
ALASKA AIR GROUP INC COM 011659109 219,389 2,351,182 SH   SOLE N/A 2,351,182 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 91,500 2,500,000 SH   SOLE N/A 2,500,000 0 0
ANADARKO PETE CORP COM 032511107 15,888 187,444 SH   SOLE N/A 187,444 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 8,353 130,000 SH   SOLE N/A 130,000 0 0
ATMEL CORP COM 049513104 11,077 1,325,000 SH   SOLE N/A 1,325,000 0 0
AVIS BUDGET GROUP COM 053774105 121,880 2,502,660 SH   SOLE N/A 2,502,660 0 0
BALLY TECHNOLOGIES INC COM 05874B107 63,072 951,740 SH   SOLE N/A 951,740 0 0
BOYD GAMING CORP COM 103304101 105,822 8,016,850 SH   SOLE N/A 8,016,850 0 0
CHEGG INC COM 163092109 7,000 1,000,000 SH   SOLE N/A 1,000,000 0 0
CHURCHILL DOWNS INC COM 171484108 117,461 1,286,544 SH   SOLE N/A 1,286,544 0 0
CONTROLADORA VUELA CIA DE AV SPON ADR RP 10 21240E105 1,162 140,000 SH   SOLE N/A 140,000 0 0
CREE INC COM 225447101 33,670 595,300 SH   SOLE N/A 595,300 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 188,669 5,445,000 SH   SOLE N/A 5,445,000 0 0
DOVER MOTORSPORTS INC COM 260174107 1,680 671,931 SH   SOLE N/A 671,931 0 0
EAGLE MATERIALS INC COM 26969P108 6,969 78,600 SH   SOLE N/A 78,600 0 0
ENERGY XXI (BERMUDA) LTD USD UNRS SHS G10082140 5,181 219,800 SH   SOLE N/A 219,800 0 0
EXPEDIA INC DEL COM NEW 30212P303 192,053 2,649,000 SH   SOLE N/A 2,649,000 0 0
FACEBOOK INC CL A 30303M102 8,434 140,000 SH   SOLE N/A 140,000 0 0
FIRST MARBLEHEAD CORP COM NEW 320771207 362 60,000 SH   SOLE N/A 60,000 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 12,401 375,000 SH   SOLE N/A 375,000 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 80,720 2,213,943 SH   SOLE N/A 2,213,943 0 0
GENERAL MTRS CO COM 37045V100 16,300 473,550 SH   SOLE N/A 473,550 0 0
GENESEE & WYO INC CL A 371559105 17,652 181,382 SH   SOLE N/A 181,382 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 456,605 28,968,499 SH   SOLE N/A 28,968,499 0 0
GREENBRIER COS INC COM 393657101 77,233 1,693,700 SH   SOLE N/A 1,693,700 0 0
GROUPON INC COM CL A 399473107 7,448 950,000 SH   SOLE N/A 950,000 0 0
INTERCONTINENTALEXCHANGE GRO COM 45866F104 9,397 47,500 SH   SOLE N/A 47,500 0 0
INVENSENSE INC COM 46123D205 23,490 992,402 SH   SOLE N/A 992,402 0 0
INVESCO LTD SHS G491BT108 18,500 500,000 SH   SOLE N/A 500,000 0 0
ISLE OF CAPRI CASINOS INC COM 464592104 11,225 1,463,467 SH   SOLE N/A 1,463,467 0 0
JPMORGAN CHASE & CO COM 46625H100 9,714 160,000 SH   SOLE N/A 160,000 0 0
KLA-TENCOR CORP COM 482480100 44,388 642,000 SH   SOLE N/A 642,000 0 0
LAKES ENTMNT INC COM 51206P109 6,585 1,316,914 SH   SOLE N/A 1,316,914 0 0
MAGELLAN HEALTH SVCS INC COM NEW 559079207 19,617 330,532 SH   SOLE N/A 330,532 0 0
MASCO CORP COM 574599106 6,330 285,000 SH   SOLE N/A 285,000 0 0
MELCO CROWN ENTMT LTD ADR 585464100 96,625 2,500,000 SH   SOLE N/A 2,500,000 0 0
MOLINA HEALTHCARE INC COM 60855R100 11,268 300,000 SH   SOLE N/A 300,000 0 0
MTR GAMING GROUP INC COM 553769100 14,323 2,792,000 SH   SOLE N/A 2,792,000 0 0
MUELLER INDS INC COM 624756102 12,386 413,000 SH   SOLE N/A 413,000 0 0
NEWFIELD EXPL CO COM 651290108 1,725 55,000 SH   SOLE N/A 55,000 0 0
ORBITZ WORLDWIDE INC COM 68557K109 129,360 16,500,000 SH   SOLE N/A 16,500,000 0 0
OWENS CORNING NEW COM 690742101 47,045 1,089,762 SH   SOLE N/A 1,089,762 0 0
PENN NATL GAMING INC COM 707569109 94,868 7,700,300 SH   SOLE N/A 7,700,300 0 0
PGT INC COM 69336V101 6,804 591,172 SH   SOLE N/A 591,172 0 0
PINNACLE ENTMT INC COM 723456109 9,480 400,000 SH   SOLE N/A 400,000 0 0
POZEN INC COM 73941U102 26,850 3,356,299 SH   SOLE N/A 3,356,299 0 0
PRICELINE COM INC COM NEW 741503403 108,224 90,800 SH   SOLE N/A 90,800 0 0
PURECYCLE CORP COM NEW 746228303 36,197 5,982,970 SH   SOLE N/A 5,982,970 0 0
REX ENERGY CORPORATION COM 761565100 3,181 170,000 SH   SOLE N/A 170,000 0 0
RMG NETWORKS HLDG CORP COM 74966K102 5,650 1,000,000 SH   SOLE N/A 1,000,000 0 0
SALESFORCE COM INC COM 79466L302 31,742 556,000 SH   SOLE N/A 556,000 0 0
SHERWIN WILLIAMS CO COM 824348106 1,774 9,000 SH   SOLE N/A 9,000 0 0
SILICON LABORATORIES INC COM 826919102 27,003 516,800 SH   SOLE N/A 516,800 0 0
SOUTHWEST AIRLS CO COM 844741108 113,682 4,815,000 SH   SOLE N/A 4,815,000 0 0
SPIRIT AIRLS INC COM 848577102 74,250 1,250,000 SH   SOLE N/A 1,250,000 0 0
STONE ENERGY CORP COM 861642106 34,648 825,536 SH   SOLE N/A 825,536 0 0
STRATASYS LTD SHS M85548101 8,163 76,940 SH   SOLE N/A 76,940 0 0
TRIPADVISOR INC COM 896945201 189,129 2,087,742 SH   SOLE N/A 2,087,742 0 0
UNITED RENTALS INC COM 911363109 88,751 934,813 SH   SOLE N/A 934,813 0 0
VALUEVISION MEDIA INC CL A 92047K107 17,313 3,562,300 SH   SOLE N/A 3,562,300 0 0
VEECO INSTRS INC DEL COM 922417100 41,321 985,465 SH   SOLE N/A 985,465 0 0
WELLPOINT INC COM 94973V107 9,955 100,000 SH   SOLE N/A 100,000 0 0