Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	HRG GROUP INC	46,600,000	$768M	54.4%	$16.49	$12.48	—	COM	40434J100
XLU	SELECT SECTOR SPDR TR	1,565,746	$79.12M	5.6%	$50.53	$50.53	—	SBI INT-UTILS	81369Y886
—	ALTABA INC	855,085	$63.31M	4.5%	$74.04	$57.74	—	COM	021346101
—	FIESTA RESTAURANT GROUP INC	3,270,578	$60.51M	4.3%	$18.50	$20.66	—	COM	31660B101
NXPI	NXP SEMICONDUCTORS N V	393,814	$46.08M	3.3%	$117.00 *	$96.46	+11.2%	COM	N6596X109
—	TIME WARNER INC	388,163	$36.71M	2.6%	$94.58	$100.05	—	COM NEW	887317303
—	IAC INTERACTIVECORP	188,220	$29.43M	2.1%	$156.38	$125.23	—	COM	44919P508
—	ROCKWELL COLLINS INC	200,541	$27.04M	1.9%	$134.85	$133.20	—	COM	774341101
—	AETNA INC NEW	158,141	$26.73M	1.9%	$169.00	$180.39	—	COM	00817Y108
—	DELL TECHNOLOGIES INC	326,215	$23.88M	1.7%	$73.21	$65.27	—	COM CL V	24703L103
—	LIBERTY MEDIA CORP DELAWARE	539,905	$22.19M	1.6%	$41.10	$39.90	—	COM A SIRIUSXM	531229409
—	DISCOVERY COMMUNICATNS NEW	980,839	$19.15M	1.4%	$19.52	$19.52	—	COM SER C	25470F302
—	MONSANTO CO NEW	163,023	$19.02M	1.3%	$116.69	$116.78	—	COM	61166W101
—	LONESTAR RES US INC	3,978,488	$17.27M	1.2%	$4.34	$8.75	—	CL A VTG	54240F103
—	GCI LIBERTY INC	277,572	$14.67M	1.0%	$52.86	$52.86	—	COM CLASS A	36164V305
AXTA	AXALTA COATING SYS LTD	352,600	$10.64M	0.8%	$30.19 *	$31.37	-0.4%	COM	G0750C108
—	QUALITY CARE PPTYS INC	500,000	$9.715M	0.7%	$19.43	$16.26	—	COM	747545101
SBLK	STAR BULK CARRIERS CORP	786,038	$9.142M	0.6%	$11.63 *	$10.77	+10.4%	SHS PAR	Y8162K204
D	DOMINION ENERGY INC	111,128	$7.493M	0.5%	$67.43 *	$51.93	0.0%	COM	25746U109
—	LIBERTY MEDIA CORP DELAWARE	198,329	$5.809M	0.4%	$29.29	$32.72	—	COM SER A FRMLA	531229870
—	SINA CORP	55,400	$5.777M	0.4%	$104.28	$101.61	—	ORD	G81477104
—	ILG INC	176,533	$5.492M	0.4%	$31.11	$29.80	—	COM	44967H101
—	LIBERTY MEDIA CORP DELAWARE	128,118	$5.234M	0.4%	$40.85	$38.78	—	COM C SIRIUSXM	531229607
—	VMWARE INC	43,000	$5.215M	0.4%	$121.28	$121.28	—	CL A COM	928563402
—	LANDCADIA HLDGS INC	7,000,000	$5.145M	0.4%	$0.73	$0.55	—	*W EXP 06/01/202	51476W115
—	CIGNA CORPORATION	30,000	$5.032M	0.4%	$167.73	$167.73	—	COM	125509109
—	TIFFANY & CO NEW	50,000	$4.883M	0.3%	$97.66	$97.66	—	COM	886547108
BFH	ALLIANCE DATA SYSTEMS CORP	21,500	$4.577M	0.3%	$212.88 *	$167.48	+2.0%	COM	018581108
—	BUNGE LIMITED	54,000	$3.993M	0.3%	$73.94	$72.03	—	COM	G16962105
CMCSA	COMCAST CORP NEW	100,528	$3.435M	0.2%	$34.17 *	$31.64	+0.5%	CL A	20030N101
—	CONSOL ENERGY INC NEW	116,381	$3.372M	0.2%	$28.97	$28.97	—	COM	20854L108
—	LIBERTY INTERACTIVE CORP	114,463	$2.881M	0.2%	$25.17	$25.17	—	QVC GP COM SER A	53071M104
—	SOHU COM INC	92,500	$2.86M	0.2%	$30.92	$39.99	—	COM	83408W103
—	CLOUD PEAK ENERGY INC	960,806	$2.796M	0.2%	$2.91	$2.91	—	COM	18911Q102
BTU	PEABODY ENERGY CORP NEW	70,000	$2.555M	0.2%	$36.50 *	$34.66	0.0%	COM	704551100
CHTR	CHARTER COMMUNICATIONS INC N	7,729	$2.405M	0.2%	$311.17 *	$351.59	0.0%	CL A	16119P108
FCX	FREEPORT-MCMORAN INC	120,000	$2.108M	0.1%	$17.57 *	$16.68	+2.1%	CL B	35671D857
DXC	DXC TECHNOLOGY CO	20,000	$2.011M	0.1%	$100.55 *	$83.42	0.0%	COM	23355L106
REGN	REGENERON PHARMACEUTICALS	5,709	$1.966M	0.1%	$344.37	$345.90	0.0%	COM	75886F107
VZ	VERIZON COMMUNICATIONS INC	38,325	$1.833M	0.1%	$47.83 *	$32.75	+0.8%	COM	92343V104
—	TWENTY FIRST CENTY FOX INC	50,141	$1.824M	0.1%	$36.38	$35.65	—	CL B	90130A200
—	TWENTY FIRST CENTY FOX INC	49,692	$1.823M	0.1%	$36.69	$36.01	—	CL A	90130A101
—	NEW YORK REIT INC	83,227	$1.79M	0.1%	$21.51	$21.51	—	COM NEW	64976L208
HCA	HCA HEALTHCARE INC	18,436	$1.788M	0.1%	$96.98 *	$85.37	+5.8%	COM	40412C101
BIIB	BIOGEN INC	6,331	$1.733M	0.1%	$273.73 *	$312.93	-0.8%	COM	09062X103
HPQ	HP INC	78,223	$1.715M	0.1%	$21.92 *	$17.03	+1.9%	COM	40434L105
—	LABORATORY CORP AMER HLDGS	10,594	$1.714M	0.1%	$161.79	$161.11	—	COM NEW	50540R409
—	VIACOM INC NEW	54,880	$1.705M	0.1%	$31.07	$31.07	—	CL B	92553P201
—	EXPRESS SCRIPTS HLDG CO	24,251	$1.675M	0.1%	$69.07	$70.81	—	COM	30219G108
—	DISH NETWORK CORP	43,888	$1.663M	0.1%	$37.89	$40.09	—	CL A	25470M109
GOGL	GOLDEN OCEAN GROUP LTD	177,911	$1.414M	0.1%	$7.95	$8.12	—	SHS NEW	G39637205
TECH	BIO TECHNE CORP	9,270	$1.4M	0.1%	$151.02 *	$32.45	+4.7%	COM	09073M104
NPO	ENPRO INDS INC	18,081	$1.399M	0.1%	$77.37 *	$80.44	+2.6%	COM	29355X107
—	CABOT MICROELECTRONICS CORP	12,857	$1.377M	0.1%	$107.10	$103.51	—	COM	12709P103
CHE	CHEMED CORP NEW	5,046	$1.377M	0.1%	$272.89 *	$247.91	+4.1%	COM	16359R103
IEX	IDEX CORP	9,576	$1.365M	0.1%	$142.54 *	$121.26	+4.6%	COM	45167R104
—	MOBILE MINI INC	31,231	$1.359M	0.1%	$43.51	$43.51	—	COM	60740F105
AIT	APPLIED INDL TECHNOLOGIES IN	18,610	$1.357M	0.1%	$72.92 *	$60.61	+6.0%	COM	03820C105
—	AQUA AMERICA INC	38,321	$1.305M	0.1%	$34.05	$33.86	—	COM	03836W103
ENS	ENERSYS	18,801	$1.304M	0.1%	$69.36 *	$65.19	+1.1%	COM	29275Y102
ENSG	ENSIGN GROUP INC	49,070	$1.29M	0.1%	$26.29 *	$22.04	+5.3%	COM	29358P101
SXT	SENSIENT TECHNOLOGIES CORP	18,209	$1.285M	0.1%	$70.57 *	$72.90	-1.2%	COM	81725T100
ITT	ITT INC	26,109	$1.279M	0.1%	$48.99 *	$52.80	0.0%	COM	45073V108
SAH	SONIC AUTOMOTIVE INC	66,845	$1.267M	0.1%	$18.95 *	$19.72	+2.4%	CL A	83545G102
TGNA	TEGNA INC	101,879	$1.16M	0.1%	$11.39 *	$13.51	+1.1%	COM	87901J105
GME	GAMESTOP CORP NEW	83,503	$1.054M	0.1%	$12.62 *	$3.76	-4.5%	CL A	36467W109
ADT	ADT INC	125,000	$991K	0.1%	$7.93 *	$8.51	0.0%	COM	00090Q103
—	CVR REFNG LP LP	56,000	$731K	0.1%	$13.05	$13.66	—	COMUNIT REP LT	12663P107
TTEC	TTEC HLDGS INC	22,527	$692K	0.0%	$30.72 *	$37.11	0.0%	COM	89854H102
BBBY	OVERSTOCK COM INC DEL	15,000	$544K	0.0%	$36.27 *	$62.39	0.0%	COM	690370101
—	PORTOLA PHARMACEUTICALS INC	15,000	$490K	0.0%	$32.67	$32.67	—	COM	737010108
—	PANDORA MEDIA INC	75,000	$377K	0.0%	$5.03	$8.92	—	COM	698354107
—	AV HOMES INC	10,808	$200K	0.0%	$18.50	$18.50	—	COM	00234P102