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
ABBOTT LABS COM 002824100 8,076 181,852 SH   SOLE   181,852 0 0
ACTIVISION BLIZZARD INC COM 00507V109 13,582 272,408 SH   SOLE   272,408 0 0
AERCAP HOLDINGS NV SHS N00985106 432 9,400 SH   SOLE   9,400 0 0
AIR LEASE CORP CL A 00912X302 4,203 108,456 SH   SOLE   108,456 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 15,980 148,192 SH   SOLE   148,192 0 0
ALPHABET INC CAP STK CL A 02079K305 12,392 14,617 SH   SOLE   14,617 0 0
ALPHABET INC CAP STK CL C 02079K107 12,460 15,020 SH   SOLE   15,020 0 0
ALTRIA GROUP INC COM 02209S103 914 12,800 SH   SOLE   12,800 0 0
AMAZON COM INC COM 023135106 5,238 5,908 SH   SOLE   5,908 0 0
AMERICAN EXPRESS CO COM 025816109 261 3,300 SH   SOLE   3,300 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 262 4,200 SH   SOLE   4,200 0 0
AMGEN INC COM 031162100 410 2,500 SH   SOLE   2,500 0 0
ANADARKO PETE CORP COM 032511107 9,117 147,048 SH   SOLE   147,048 0 0
ANTHEM INC COM 036752103 430 2,600 SH   SOLE   2,600 0 0
APPLE INC COM 037833100 21,198 147,560 SH   SOLE   147,560 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 6,326 757,600 SH   SOLE   757,600 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 1,408 185,000 SH   SOLE   185,000 0 0
BANCO SANTANDER SA ADR 05964H105 1,417 233,500 SH   SOLE   233,500 0 0
BANK AMER CORP COM 060505104 1,031 43,695 SH   SOLE   43,695 0 0
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 9,404 294,689 SH   SOLE   294,689 0 0
BARCLAYS PLC ADR 06738E204 1,388 123,500 SH   SOLE   123,500 0 0
BARRICK GOLD CORP COM 067901108 12,811 674,610 SH   SOLE   674,610 0 0
BERRY PLASTICS GROUP INC COM 08579W103 10,794 222,228 SH   SOLE   222,228 0 0
BIOGEN INC COM 09062X103 246 900 SH   SOLE   900 0 0
BOEING CO COM 097023105 424 2,400 SH   SOLE   2,400 0 0
BROADCOM LTD SHS Y09827109 11,826 54,012 SH   SOLE   54,012 0 0
CADENCE DESIGN SYSTEM INC COM 127387108 251 8,000 SH   SOLE   8,000 0 0
CALPINE CORP COM NEW 131347304 168 15,200 SH   SOLE   15,200 0 0
CAPITAL ONE FINL CORP COM 14040H105 234 2,700 SH   SOLE   2,700 0 0
CERAGON NETWORKS LTD ORD M22013102 1,194 365,000 SH   SOLE   365,000 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 6,101 18,639 SH   SOLE   18,639 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 5,523 100,000 SH   SOLE   100,000 0 0
CIENA CORP COM NEW 171779309 4,250 180,000 SH   SOLE   180,000 0 0
CIT GROUP INC COM NEW 125581801 6,075 141,500 SH   SOLE   141,500 0 0
CITIGROUP INC *W EXP 01/04/201 172967226 397 2,700,985 SH   SOLE   2,700,985 0 0
COCA COLA EUROPEAN PARTNERS SHS G25839104 4,153 110,192 SH   SOLE   110,192 0 0
COMCAST CORP NEW CL A 20030N101 27,085 720,525 SH   SOLE   720,525 0 0
COMMSCOPE HLDG CO INC COM 20337X109 7,508 180,000 SH   SOLE   180,000 0 0
CONAGRA BRANDS INC COM 205887102 15,179 376,274 SH   SOLE   376,274 0 0
CORNING INC COM 219350105 424 15,700 SH   SOLE   15,700 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 9,097 613,000 SH   SOLE   613,000 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 9,515 100,738 SH   SOLE   100,738 0 0
CURTISS WRIGHT CORP COM 231561101 256 2,800 SH   SOLE   2,800 0 0
CVR ENERGY INC COM 12662P108 251 12,500 SH   SOLE   12,500 0 0
DANAHER CORP DEL COM 235851102 2,917 34,110 SH   SOLE   34,110 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 25,186 548,007 SH   SOLE   548,007 0 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 271 9,300 SH   SOLE   9,300 0 0
DYCOM INDS INC COM 267475101 13,199 142,000 SH   SOLE   142,000 0 0
EAST WEST BANCORP INC COM 27579R104 5,150 99,779 SH   SOLE   99,779 0 0
EOG RES INC COM 26875P101 527 5,400 SH   SOLE   5,400 0 0
EQT CORP COM 26884L109 4,896 80,130 SH   SOLE   80,130 0 0
FACEBOOK INC CL A 30303M102 29,447 207,299 SH   SOLE   207,299 0 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 163 14,900 SH   SOLE   14,900 0 0
FINISAR CORP COM NEW 31787A507 5,605 205,000 SH   SOLE   205,000 0 0
FIRST BANCORP N C COM 318910106 3,242 110,675 SH   SOLE   110,675 0 0
FIRST DATA CORP NEW COM CL A 32008D106 164 10,600 SH   SOLE   10,600 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 3,786 25,000 SH   SOLE   25,000 0 0
GENERAL DYNAMICS CORP COM 369550108 15,567 83,157 SH   SOLE   83,157 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 310 17,349 SH   SOLE   17,349 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 253 1,100 SH   SOLE   1,100 0 0
HALLIBURTON CO COM 406216101 16,400 333,257 SH   SOLE   333,257 0 0
HERITAGE COMMERCE CORP COM 426927109 9,898 702,006 SH   SOLE   702,006 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 3,555 150,000 SH   SOLE   150,000 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 6,715 114,869 SH   SOLE   114,869 0 0
HOLLYFRONTIER CORP COM 436106108 258 9,100 SH   SOLE   9,100 0 0
HOST HOTELS & RESORTS INC COM 44107P104 1,400 75,000 SH   SOLE   75,000 0 0
HP INC COM 40434L105 211 11,800 SH   SOLE   11,800 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 253 6,200 SH   SOLE   6,200 0 0
HUMANA INC COM 444859102 15,411 74,758 SH   SOLE   74,758 0 0
HUNTER MARITIME ACQUISITION UNIT 99/99/9999 Y37828103 1,003 97,760 SH   SOLE   97,760 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 260 1,300 SH   SOLE   1,300 0 0
IAMGOLD CORP COM 450913108 8,468 2,116,990 SH   SOLE   2,116,990 0 0
ING GROEP N V SPONSORED ADR 456837103 276 18,300 SH   SOLE   18,300 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 9,497 158,630 SH   SOLE   158,630 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 9,398 170,000 SH   SOLE   170,000 0 0
JD COM INC SPON ADR CL A 47215P106 15,528 499,132 SH   SOLE   499,132 0 0
JPMORGAN CHASE & CO COM 46625H100 1,590 18,101 SH   SOLE   18,101 0 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 24 10,139,591 SH   SOLE   10,139,591 0 0
KINROSS GOLD CORP COM NO PAR 496902404 8,431 2,402,000 SH   SOLE   2,402,000 0 0
KRAFT HEINZ CO COM 500754106 23,021 253,503 SH   SOLE   253,503 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 1,752 50,000 SH   SOLE   50,000 0 0
MARATHON PETE CORP COM 56585A102 19,204 379,982 SH   SOLE   379,982 0 0
MARRIOTT INTL INC NEW CL A 571903202 13,507 143,412 SH   SOLE   143,412 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 11,611 760,864 SH   SOLE   760,864 0 0
MASIMO CORP COM 574795100 252 2,700 SH   SOLE   2,700 0 0
MASTERCARD INCORPORATED CL A 57636Q104 31,104 276,554 SH   SOLE   276,554 0 0
MCDONALDS CORP COM 580135101 7,902 60,965 SH   SOLE   60,965 0 0
META FINL GROUP INC COM 59100U108 4,168 47,100 SH   SOLE   47,100 0 0
MGM RESORTS INTERNATIONAL COM 552953101 8,762 319,797 SH   SOLE   319,797 0 0
MICRON TECHNOLOGY INC COM 595112103 18,366 635,506 SH   SOLE   635,506 0 0
MICROSEMI CORP COM 595137100 16,580 321,750 SH   SOLE   321,750 0 0
MOLSON COORS BREWING CO CL B 60871R209 13,093 136,801 SH   SOLE   136,801 0 0
MONDELEZ INTL INC CL A 609207105 4,717 109,500 SH   SOLE   109,500 0 0
MORGAN STANLEY COM NEW 617446448 428 10,000 SH   SOLE   10,000 0 0
MURPHY OIL CORP COM 626717102 429 15,000 SH   SOLE   15,000 0 0
NABORS INDUSTRIES LTD SHS G6359F103 14,690 1,123,919 SH   SOLE   1,123,919 0 0
NAVIENT CORPORATION COM 63938C108 167 11,300 SH   SOLE   11,300 0 0
NETFLIX INC COM 64110L106 4,804 32,500 SH   SOLE   32,500 0 0
NEWS CORP NEW CL A 65249B109 168 12,900 SH   SOLE   12,900 0 0
NOKIA CORP SPONSORED ADR 654902204 3,252 600,000 SH   SOLE   600,000 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 6,301 364,000 SH   SOLE   364,000 0 0
NXP SEMICONDUCTORS N V COM N6596X109 1,366 13,200 SH   SOLE   13,200 0 0
OCH ZIFF CAP MGMT GROUP CL A 67551U105 1,806 799,000 SH   SOLE   799,000 0 0
ON SEMICONDUCTOR CORP COM 682189105 183 11,800 SH   SOLE   11,800 0 0
PARK HOTELS RESORTS INC COM 700517105 13,491 525,562 SH   SOLE   525,562 0 0
PARKER HANNIFIN CORP COM 701094104 14,951 93,257 SH   SOLE   93,257 0 0
PATHEON N V SHS N6865W105 6,585 250,000 SH   SOLE   250,000 0 0
PINNACLE FOODS INC DEL COM 72348P104 14,219 245,700 SH   SOLE   245,700 0 0
PIONEER NAT RES CO COM 723787107 36,164 194,192 SH   SOLE   194,192 0 0
PRICELINE GRP INC COM NEW 741503403 13,247 7,442 SH   SOLE   7,442 0 0
PRIVATEBANCORP INC COM 742962103 6,939 116,882 SH   SOLE   116,882 0 0
PROCTER AND GAMBLE CO COM 742718109 11,070 123,200 SH   SOLE   123,200 0 0
PROGRESSIVE CORP OHIO COM 743315103 21,637 552,234 SH   SOLE   552,234 0 0
RANGE RES CORP COM 75281A109 16,063 552,002 SH   SOLE   552,002 0 0
RAYTHEON CO COM NEW 755111507 10,895 71,443 SH   SOLE   71,443 0 0
REGIONS FINL CORP NEW COM 7591EP100 169 11,600 SH   SOLE   11,600 0 0
RENASANT CORP COM 75970E107 2,522 63,546 SH   SOLE   63,546 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 654 11,731 SH   SOLE   11,731 0 0
REYNOLDS AMERICAN INC COM 761713106 1,449 23,000 SH   SOLE   23,000 0 0
RICE ENERGY INC COM 762760106 2,654 112,000 SH   SOLE   112,000 0 0
SALESFORCE COM INC COM 79466L302 10,688 129,562 SH   SOLE   129,562 0 0
SANTANDER CONSUMER USA HDG I COM 80283M101 428 32,100 SH   SOLE   32,100 0 0
SCHWAB CHARLES CORP NEW COM 808513105 13,549 332,000 SH   SOLE   332,000 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 418 9,100 SH   SOLE   9,100 0 0
SHERWIN WILLIAMS CO COM 824348106 22,677 73,107 SH   SOLE   73,107 0 0
SONY CORP ADR NEW 835699307 8,964 265,747 SH   SOLE   265,747 0 0
SOUTHSIDE BANCSHARES INC COM 84470P109 5,624 167,530 SH   SOLE   167,530 0 0
SOUTHWESTERN ENERGY CO COM 845467109 5,437 665,500 SH   SOLE   665,500 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,366 11,507 SH   SOLE   11,507 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 9,075 156,690 SH   SOLE   156,690 0 0
SPRINT CORP COM SER 1 85207U105 164 18,900 SH   SOLE   18,900 0 0
STAPLES INC COM 855030102 169 19,300 SH   SOLE   19,300 0 0
STMICROELECTRONICS N V NY REGISTRY 861012102 172 11,100 SH   SOLE   11,100 0 0
SVB FINL GROUP COM 78486Q101 19,954 107,227 SH   SOLE   107,227 0 0
SWIFT TRANSN CO CL A 87074U101 251 12,200 SH   SOLE   12,200 0 0
SYNCHRONY FINL COM 87165B103 6,754 196,900 SH   SOLE   196,900 0 0
TEEKAY CORPORATION COM Y8564W103 229 25,000 SH   SOLE   25,000 0 0
TEGNA INC COM 87901J105 420 16,400 SH   SOLE   16,400 0 0
TELEFONICA S A SPONSORED ADR 879382208 256 22,900 SH   SOLE   22,900 0 0
TENARIS S A SPONSORED ADR 88031M109 1,707 50,000 SH   SOLE   50,000 0 0
TESLA INC COM 88160R101 278 1,000 SH   SOLE   1,000 0 0
TIME WARNER INC COM NEW 887317303 4,448 45,523 SH   SOLE   45,523 0 0
TIMKEN CO COM 887389104 4,308 95,317 SH   SOLE   95,317 0 0
TOTAL SYS SVCS INC COM 891906109 4,544 85,000 SH   SOLE   85,000 0 0
TRANSOCEAN LTD REG SHS H8817H100 2,970 238,580 SH   SOLE   238,580 0 0
UNITED RENTALS INC COM 911363109 250 2,000 SH   SOLE   2,000 0 0
UNITED STATES STL CORP NEW COM 912909108 3,550 105,000 SH   SOLE   105,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 13,224 80,631 SH   SOLE   80,631 0 0
UNIVAR INC COM 91336L107 251 8,200 SH   SOLE   8,200 0 0
UNIVEST CORP PA COM 915271100 3,503 135,251 SH   SOLE   135,251 0 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 2,501 187,500 SH   SOLE   187,500 0 0
VISA INC COM CL A 92826C839 31,552 355,032 SH   SOLE   355,032 0 0
VISTEON CORP COM NEW 92839U206 263 2,690 SH   SOLE   2,690 0 0
VMWARE INC CL A COM 928563402 451 4,900 SH   SOLE   4,900 0 0
VULCAN MATLS CO COM 929160109 4,819 40,000 SH   SOLE   40,000 0 0
WESTERN ALLIANCE BANCORP COM 957638109 22,680 462,007 SH   SOLE   462,007 0 0
WESTERN REFNG INC COM 959319104 249 7,100 SH   SOLE   7,100 0 0
WHITING PETE CORP NEW COM 966387102 266 28,100 SH   SOLE   28,100 0 0
YAMANA GOLD INC COM 98462Y100 8,108 2,937,660 SH   SOLE   2,937,660 0 0
YUM BRANDS INC COM 988498101 2,115 33,100 SH   SOLE   33,100 0 0
ZAYO GROUP HLDGS INC COM 98919V105 10,757 326,965 SH   SOLE   326,965 0 0