Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CE	Celanese Corp	5,402,140	$388M	10.1%	$37.34	+45.4%	COM	150870103
UAL	United Continental Holdings In	6,772,190	$359M	9.4%	$31.81	+82.0%	COM	910047109
—	Entegris Inc	15,765,330	$230M	6.0%	$9.76	—	COM	29362u104
DAL	Delta Airlines Inc	5,153,690	$212M	5.5%	$14.99	+156.2%	COM	247361702
COF	Capital One Financial Co	2,280,930	$201M	5.2%	$47.00	+47.4%	COM	14040H105
C	Citigroup Inc.	3,540,773	$196M	5.1%	$35.98	+12.7%	COM	172967424
BRK/B	Berkshire Hathaway Inc	695,820	$94.71M	2.5%	$110.42	+29.2%	COM	084670702
—	Flextronics	7,906,300	$89.42M	2.3%	$7.74	—	COM	y2573f102
—	Google Inc. - Cl C	160,860	$83.73M	2.2%	$1096.44	—	COM	38259p706
—	Cigna Corp	457,600	$74.13M	1.9%	$73.20	—	COM	125509109
DCH	American Axle	3,280,470	$68.59M	1.8%	$15.63	+54.5%	COM	024061103
BIDU	Baidu, Inc.	336,300	$66.95M	1.7%	$113.40	—	COM	056752108
—	Apollo Global Management, LLC	2,983,174	$66.08M	1.7%	$24.28	—	COM	037612306
—	MDC Partners Inc.	3,293,899	$64.89M	1.7%	$22.56	—	COM	552697104
—	Google Inc. - Cl A	118,335	$63.91M	1.7%	$584.67	—	COM	38259p508
—	Direct TV Com	648,100	$60.14M	1.6%	$61.64	—	COM	25490a309
—	Time Warner Inc	663,411	$57.99M	1.5%	$57.82	—	COM	887317303
EBAY	Ebay	876,900	$52.82M	1.4%	$20.30	+9.4%	COM	278642103
LYV	Live Nation Entertainment, Inc	1,835,300	$50.45M	1.3%	$22.89	+19.3%	COM	538034109
BLMN	Bloomin' Brands Inc.	2,330,000	$49.74M	1.3%	$16.67	+4.3%	COM	094235108
—	Installed Building Products In	2,027,577	$49.63M	1.3%	$13.08	—	COM	45780r101
—	SeaWorld Entertainment Inc	2,637,864	$48.64M	1.3%	$18.46	—	COM	81282v100
AIG	American International Group,	750,300	$46.38M	1.2%	$32.70	+39.1%	COM	026874784
JPM	JP Morgan Chase & Co	681,600	$46.19M	1.2%	$36.24	+35.6%	COM	46625H100
—	Whiting Petroleum Corp	1,362,600	$45.78M	1.2%	$47.27	—	COM	966387102
—	China Lodging Group Ltd.	1,828,097	$44.64M	1.2%	$25.45	—	COM	16949n109
—	Viad Corp	1,582,288	$42.9M	1.1%	$26.99	—	COM	92552r406
—	Yahoo	1,038,600	$40.81M	1.1%	$37.91	—	COM	984332106
—	Michael Kors Holdings Limited	929,650	$39.13M	1.0%	$74.61	—	COM	g60754101
—	CNO Financial Group, Inc.	2,010,600	$36.9M	1.0%	$16.30	—	COM	12621e103
—	Rock-Tenn Co	602,132	$36.25M	0.9%	$75.45	—	COM	772739207
—	KKR & Co. L.P.	1,566,600	$35.8M	0.9%	$20.78	—	COM	48248m102
—	Priceline.com Incorporated	30,320	$34.91M	0.9%	$881.72	—	COM	741503403
LKQ	LKQ Corporation	1,064,900	$32.21M	0.8%	$23.61	+5.7%	COM	501889208
—	Beazer Homes USA, Inc.	1,595,300	$31.83M	0.8%	$16.89	—	COM	07556q881
—	The Ryland Group, Inc.	679,800	$31.52M	0.8%	$41.10	—	COM	783764103
—	Interoil Corporation	482,100	$29.02M	0.8%	$48.01	—	COM	460951106
—	Luxfer Holdings PLC	2,227,752	$28.96M	0.8%	$20.66	—	COM	550678106
—	Mistras Group, Inc.	1,515,252	$28.76M	0.8%	$21.01	—	COM	60649t107
EMN	Eastman Chemical Company	348,700	$28.53M	0.7%	$56.63	-3.1%	COM	277432100
—	Eaton Corp PLC	421,100	$28.42M	0.7%	$65.81	—	COM	g29183103
ALCO	Alico	596,581	$27.06M	0.7%	$36.45	+13.6%	COM	016230104
—	New Oriental Education & Techn	1,050,700	$25.76M	0.7%	$22.90	—	COM	647581107
HIG	The Hartford Financial Service	562,930	$23.4M	0.6%	$27.96	+19.1%	COM	416515104
—	Market Vectors India Small-Cap	541,850	$22.94M	0.6%	$45.29	—	COM	57061r551
—	Cameco Corp	1,604,000	$22.91M	0.6%	$14.05	—	COM	13321l108
ARW	Arrow Electronics Inc	373,600	$20.85M	0.5%	$56.77	+7.1%	COM	042735100
—	AP Alternative Assets LP	461,765	$17.32M	0.5%	$36.96	—	COM	b15y0c5
—	Valeant Pharmaceuticals Intern	77,200	$17.15M	0.4%	$129.54	—	COM	91911k102
OPY	Oppenheimer Hldgs	622,216	$16.35M	0.4%	$18.77	+32.9%	COM	683797104
—	Ply Gem Holdings Inc.	1,251,653	$14.76M	0.4%	$13.74	—	COM	72941w100
—	Sinclair Broadcast Group, Inc.	520,400	$14.52M	0.4%	$28.92	—	COM	829226109
—	Pandora Media Inc.	927,500	$14.41M	0.4%	$17.83	—	COM	698354107
—	First Citizens BancShares, Inc	54,000	$14.2M	0.4%	$220.98	—	COM	31946m103
—	Precision Castparts	70,800	$14.15M	0.4%	$227.77	—	COM	740189105
—	Bancolombia S.A. Adr	325,900	$14.01M	0.4%	$54.32	—	COM	05968l102
MCS	The Marcus Corporation	695,039	$13.33M	0.3%	$13.35	+49.9%	COM	566330106
TER	Teradyne Inc	689,400	$13.3M	0.3%	$15.29	+21.9%	COM	880770102
—	William Lyon Homes	517,900	$13.29M	0.3%	$25.67	—	COM	552074700
—	Walgreens Boots Alliance Inc	153,400	$12.95M	0.3%	$76.05	—	COM	931427108
—	Canadian Natural Resources	472,330	$12.82M	0.3%	$28.11	—	COM	2171573
—	SFX Entertainment Inc	2,345,128	$10.53M	0.3%	$4.49	—	COM	784178303
—	Stock Building Supply Holdings	515,618	$10.08M	0.3%	$17.36	—	COM	86101x104
—	Makemytrip Ltd.	498,400	$9.809M	0.3%	$19.68	—	COM	b552pc2
—	Sandridge Energy	11,120,467	$9.753M	0.3%	$1.71	—	COM	80007p307
KVHI	KVH Industries Inc	711,228	$9.566M	0.2%	$13.14	+3.6%	COM	482738101
REX	REX American Resources Corporation	123,800	$7.879M	0.2%	$10.10	+4.3%	COM	761624105
—	Diamondback Energy Inc	100,400	$7.568M	0.2%	$75.38	—	COM	25278x109
—	NTELOS Holdings Corp	1,636,606	$7.561M	0.2%	$4.21	—	COM	67020q305
—	CDW Corporation of Delaware	215,900	$7.401M	0.2%	$35.36	—	COM	12514g108
AVT	Avnet Inc	177,200	$7.285M	0.2%	$25.70	+35.2%	COM	053807103
—	Benefitfocus Inc	145,392	$6.375M	0.2%	$36.79	—	COM	08180d106
—	Comcast Corporation	102,500	$6.144M	0.2%	$43.84	—	COM	20030n200
—	Green Dot Corp	265,500	$5.076M	0.1%	$15.92	—	COM	39304d102
—	Accretive Health Inc	744,028	$4.092M	0.1%	$5.50	—	COM	00438v103
JOE	St Joe	246,600	$3.83M	0.1%	$16.76	0.0%	COM	790148100
—	USG Corporation	136,600	$3.796M	0.1%	$27.79	—	COM	903293405
—	Fairway Group Holdings Corp.	1,064,225	$3.789M	0.1%	$3.56	—	COM	30603d109
—	Ultra Petroleum	294,800	$3.691M	0.1%	$12.52	—	COM	903914109
FSLR	First Solar Inc	69,600	$3.27M	0.1%	$51.35	+8.8%	COM	336433107
—	21Vianet Group, Inc.	154,874	$3.178M	0.1%	$28.88	—	COM	90138a103
—	Yingli Green Energy Holding Co	2,227,263	$2.74M	0.1%	$1.23	—	COM	98584b103
—	Alibaba Group Holding Ltd.	31,200	$2.567M	0.1%	$88.85	—	COM	01609w102
—	Signature Group Holdings Inc	210,886	$2.394M	0.1%	$11.35	—	COM	75601w104
—	Capstone Turbine	5,494,862	$2.257M	0.1%	$0.41	—	COM	14067d102
—	Grana y Montero SAA	311,063	$2.184M	0.1%	$7.02	—	COM	38500p208
—	Penn West Petroleum Ltd.	1,260,081	$2.18M	0.1%	$1.65	—	COM	707887105
—	LinnCo LLC	224,800	$2.124M	0.1%	$9.45	—	COM	535782106
—	Goodrich Petroleum	1,028,800	$1.914M	0.1%	$1.86	—	COM	382410405
—	Silver Springs Network	149,700	$1.858M	0.0%	$8.94	—	COM	82817q103
EA	Electronic Arts	23,320	$1.551M	0.0%	$19.79	+202.1%	COM	285512109
ACIC	United Insurance Holdings Corp	95,900	$1.49M	0.0%	$13.21	0.0%	COM	910710102
—	Metabolix	370,753	$1.39M	0.0%	$3.75	—	COM	591018882
BBBY	Overstock. com	48,800	$1.1M	0.0%	$23.11	-2.1%	COM	690370101
—	Nutri Systems	42,100	$1.047M	0.0%	$19.98	—	COM	67069d108
—	Global Power Equipment	111,969	$869K	0.0%	$13.20	—	COM	37941p306
—	Zix Corporation (Custom Tracks)	163,860	$847K	0.0%	$3.93	—	COM	98974P100
—	Sigma Design	61,000	$728K	0.0%	$8.03	—	COM	826565103
—	Cosi Inc.	305,676	$614K	0.0%	$2.66	—	COM	22122p200
—	Meru Networks	372,596	$604K	0.0%	$1.44	—	COM	59047q103
—	Cutera	33,600	$520K	0.0%	$12.92	—	COM	232109108
—	Voltari Corp	82,051	$464K	0.0%	$5.66	—	COM	92870x309
—	Rocket Fuel Inc.	44,616	$366K	0.0%	$16.12	—	COM	773111109
—	Novacopper Inc	673,155	$337K	0.0%	$0.61	—	COM	66988k102
—	First Marblehead Corp	55,349	$319K	0.0%	$5.76	—	COM	320771207
—	Oclaro Inc	135,400	$306K	0.0%	$2.26	—	COM	67555n206
—	FuelCell Energy, Inc.	290,100	$283K	0.0%	$0.98	—	COM	35952H106
—	Seachange International	38,180	$268K	0.0%	$7.02	—	COM	811699107
CIEN	Ciena Corporation	9,408	$223K	0.0%	$22.84	0.0%	COM	171779309
AMSC	American Superconductor Corp	41,465	$217K	0.0%	$6.60	0.0%	COM	030111207
—	Diana Shipping Inc.	29,649	$209K	0.0%	$11.44	—	COM	y2066g104
—	Stereotaxis	127,480	$184K	0.0%	$1.44	—	COM	85916j409
—	Emcore Corp	27,612	$166K	0.0%	$5.43	—	COM	290846104
—	Magnum Hunter Resources Corp	70,450	$132K	0.0%	$2.67	—	COM	55973b102
—	JA Solar Hldgs	14,520	$124K	0.0%	$9.57	—	COM	466090206
—	Aware	24,600	$99,000	0.0%	$4.39	—	COM	05453n100
—	Active Power	15,074	$30,000	0.0%	$2.19	—	COM	00504w308
—	Cogentix Medical(Frmly Vision	15,360	$25,000	0.0%	$1.63	—	COM	19243a104
—	DecisionPoint Systems Inc	35,165	$7,000	0.0%	$0.43	—	COM	24345a101
—	Kior Inc	266,500	$1,000	0.0%	$0.01	—	COM	497217109