Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UAL	United Continental Holdings In	6,486,090	$371M	9.4%	$31.81	+77.3%	COM	910047109
CE	Celanese Corp	5,339,940	$321M	8.1%	$37.34	+39.1%	COM	150870103
DAL	Delta Airlines Inc	4,911,890	$221M	5.6%	$14.99	+163.9%	COM	247361702
—	Entegris Inc	15,765,330	$214M	5.4%	$9.76	—	COM	29362u104
C	Citigroup Inc.	3,350,773	$174M	4.4%	$35.98	+13.3%	COM	172967424
COF	Capital One Financial Co	2,246,730	$171M	4.3%	$47.00	+41.6%	COM	14040H105
—	KKR & Co. L.P.	5,939,460	$112M	2.8%	$19.43	—	COM	48248m102
—	Google Inc. - Cl C	160,860	$97.52M	2.5%	$606.25	—	COM	02079k107
BRK/B	Berkshire Hathaway Inc	682,820	$90.23M	2.3%	$110.42	+24.1%	COM	084670702
—	Amaya Inc.	3,820,400	$79.44M	2.0%	$20.79	—	COM	bt8j595
—	Apollo Global Management, LLC	4,168,344	$79.24M	2.0%	$22.78	—	COM	037612306
—	Cigna Corp	528,400	$74.83M	1.9%	$82.37	—	COM	125509109
—	Google Inc. - Cl A	113,935	$72.58M	1.8%	$637.05	—	COM	02079k305
—	Flextronics	6,874,700	$72.25M	1.8%	$7.74	—	COM	y2573f102
DCH	American Axle	3,280,470	$63.28M	1.6%	$15.63	+29.4%	COM	024061103
—	MDC Partners Inc.	3,293,899	$62.45M	1.6%	$22.56	—	COM	552697104
BLMN	Bloomin' Brands Inc.	2,949,700	$60.85M	1.5%	$16.64	-0.6%	COM	094235108
—	SeaWorld Entertainment Inc	3,457,064	$60.57M	1.5%	$18.24	—	COM	81282v100
—	Sinclair Broadcast Group, Inc.	1,990,500	$51.69M	1.3%	$26.74	—	COM	829226109
BIDU	Baidu, Inc.	336,300	$50.14M	1.3%	$113.40	—	COM	056752108
LYV	Live Nation Entertainment, Inc	1,971,800	$48.76M	1.2%	$23.09	+11.1%	COM	538034109
—	Installed Building Products In	1,754,877	$47.26M	1.2%	$13.08	—	COM	45780r101
—	Time Warner Inc	663,411	$46.9M	1.2%	$57.82	—	COM	887317303
—	China Lodging Group Ltd.	1,828,097	$46.87M	1.2%	$25.45	—	COM	16949n109
CC	The Chemours Company	4,781,230	$44.9M	1.1%	$7.40	0.0%	COM	163851108
AIG	American International Group,	750,300	$44.6M	1.1%	$32.70	+44.3%	COM	026874784
—	Viad Corp	1,629,488	$44.22M	1.1%	$26.99	—	COM	92552r406
—	Blackstone Group L.P.	1,250,000	$41.85M	1.1%	$33.48	—	COM	09253u108
JPM	JP Morgan Chase & Co	638,500	$40.02M	1.0%	$36.24	+36.9%	COM	46625H100
—	Priceline.com Incorporated	30,320	$37.61M	1.0%	$881.72	—	COM	741503403
ARW	Arrow Electronics Inc	644,000	$35.63M	0.9%	$56.25	-1.3%	COM	042735100
—	WestRock Company (Frmly RockTe	602,132	$35.36M	0.9%	$58.72	—	COM	96145d105
—	Yahoo	1,038,600	$33.8M	0.9%	$37.91	—	COM	984332106
—	PayPal Holdings, Inc.	924,100	$32.63M	0.8%	$35.31	—	COM	70450y103
LKQ	LKQ Corporation	987,200	$29.98M	0.8%	$23.61	+15.8%	COM	501889208
—	CNO Financial Group, Inc.	1,630,400	$28.91M	0.7%	$16.30	—	COM	12621e103
—	Luxfer Holdings PLC	2,227,752	$28.72M	0.7%	$20.66	—	COM	550678106
—	Beazer Homes USA, Inc.	1,595,300	$26.91M	0.7%	$16.89	—	COM	07556q881
HIG	The Hartford Financial Service	562,930	$25.78M	0.7%	$27.96	+32.3%	COM	416515104
ALCO	Alico	596,581	$25.26M	0.6%	$36.45	+1.0%	COM	016230104
EBAY	Ebay	924,100	$24.99M	0.6%	$20.49	+16.8%	COM	278642103
EMN	Eastman Chemical Company	348,700	$24.85M	0.6%	$56.63	-6.8%	COM	277432100
—	The Ryland Group, Inc.	535,400	$23.43M	0.6%	$41.10	—	COM	783764103
—	William Lyon Homes	978,898	$22.67M	0.6%	$24.49	—	COM	552074700
—	Cameco Corp	1,604,000	$22.07M	0.6%	$14.05	—	COM	13321l108
—	Market Vectors India Small-Cap	541,850	$21.73M	0.6%	$45.29	—	COM	57061r551
—	New Oriental Education & Techn	1,074,300	$21.73M	0.6%	$22.85	—	COM	647581107
—	AP Alternative Assets LP	576,034	$21.02M	0.5%	$36.87	—	COM	b15y0c5
—	Bancolombia S.A. Adr	614,700	$20.94M	0.5%	$44.80	—	COM	05968l102
—	SPDR S&P Oil & Gas Expl & Prod	561,500	$20.71M	0.5%	$36.89	—	COM	78464a730
—	Eaton Corp PLC	357,200	$19.75M	0.5%	$65.81	—	COM	g29183103
—	Makemytrip Ltd.	1,328,100	$19.11M	0.5%	$16.38	—	COM	b552pc2
—	Ply Gem Holdings Inc.	1,295,949	$17.94M	0.5%	$13.75	—	COM	72941w100
—	Valeant Pharmaceuticals Intern	77,200	$17.64M	0.4%	$129.54	—	COM	91911k102
—	Pandora Media Inc.	927,500	$16.82M	0.4%	$17.83	—	COM	698354107
—	Tuesday Morning	2,123,717	$16.78M	0.4%	$7.90	—	COM	899035505
—	The Fresh Market, Inc.	773,600	$16.76M	0.4%	$21.66	—	COM	35804h106
—	Interoil Corporation	482,100	$16.27M	0.4%	$48.01	—	COM	460951106
—	Precision Castparts	70,800	$16.26M	0.4%	$227.77	—	COM	740189105
—	Mistras Group, Inc.	1,101,385	$15.38M	0.4%	$21.01	—	COM	60649t107
—	Towers Watson & Company	126,000	$14.95M	0.4%	$118.61	—	COM	891894107
—	USG Corporation	489,400	$14.94M	0.4%	$29.76	—	COM	903293405
—	NTELOS Holdings Corp	1,636,606	$14.84M	0.4%	$4.21	—	COM	67020q305
—	First Citizens BancShares, Inc	64,000	$14.69M	0.4%	$222.32	—	COM	31946m103
—	Walgreens Boots Alliance Inc	153,400	$13.54M	0.3%	$76.05	—	COM	931427108
MCS	The Marcus Corporation	695,039	$13.18M	0.3%	$13.35	+46.6%	COM	566330106
—	Whiting Petroleum Corp	719,200	$13.13M	0.3%	$47.27	—	COM	966387102
—	NeuroDerm Ltd.	566,649	$13.09M	0.3%	$23.10	—	COM	bshz401
—	CDW Corporation of Delaware	331,400	$13.01M	0.3%	$36.72	—	COM	12514g108
ACIC	United Insurance Holdings Corp	995,588	$12.71M	0.3%	$11.28	-1.8%	COM	910710102
TER	Teradyne Inc	689,400	$12.42M	0.3%	$15.29	+12.8%	COM	880770102
—	Diamondback Energy Inc	166,200	$11.13M	0.3%	$72.05	—	COM	25278x109
—	TopBuild Corp.	332,305	$11.07M	0.3%	$33.32	—	COM	89055f103
—	Canadian Natural Resources	472,330	$10.17M	0.3%	$28.11	—	COM	2171573
—	Stock Building Supply Holdings	548,437	$10.05M	0.3%	$17.42	—	COM	86101x104
OPY	Oppenheimer Hldgs	507,368	$9.584M	0.2%	$18.77	+16.0%	COM	683797104
KVHI	KVH Industries Inc	711,228	$7.567M	0.2%	$13.14	-13.2%	COM	482738101
AVT	Avnet Inc	177,200	$7.402M	0.2%	$25.70	+28.3%	COM	053807103
REX	REX American Resources Corpora	123,800	$6.204M	0.2%	$10.10	-11.6%	COM	761624105
—	Comcast Corporation	102,500	$5.88M	0.1%	$43.84	—	COM	20030n200
—	Sandridge Energy	11,120,467	$5.55M	0.1%	$1.71	—	COM	80007p307
—	Benefitfocus Inc	145,392	$5.279M	0.1%	$36.79	—	COM	08180d106
—	Tarena International, Inc.	562,575	$4.776M	0.1%	$8.49	—	COM	876108101
—	Green Dot Corp	265,500	$4.577M	0.1%	$15.92	—	COM	39304d102
JOE	St Joe	246,600	$4.33M	0.1%	$16.76	+1.5%	COM	790148100
—	Grana y Montero SAA	914,005	$3.912M	0.1%	$5.21	—	COM	38500p208
—	LinnCo LLC	1,248,000	$3.682M	0.1%	$4.12	—	COM	535782106
FSLR	First Solar Inc	69,600	$3.361M	0.1%	$51.35	-9.9%	COM	336433107
—	3D Systems Corp	252,400	$3.289M	0.1%	$13.03	—	COM	88554d205
—	Accretive Health Inc	1,122,700	$3.054M	0.1%	$4.56	—	COM	00438v103
—	Fairway Group Holdings Corp.	1,064,225	$2.416M	0.1%	$3.56	—	COM	30603d109
—	21Vianet Group, Inc.	127,674	$2.307M	0.1%	$28.88	—	COM	90138a103
—	Ultra Petroleum	294,800	$2.291M	0.1%	$12.52	—	COM	903914109
—	Capstone Turbine	5,494,862	$2.161M	0.1%	$0.41	—	COM	14067d102
—	Signature Group Holdings Inc	210,886	$1.997M	0.1%	$11.35	—	COM	75601w104
—	Ambarella, Inc.	26,200	$1.917M	0.0%	$73.17	—	COM	g037ax101
—	Silver Springs Network	149,700	$1.729M	0.0%	$8.94	—	COM	82817q103
—	Yingli Green Energy Holding Co	2,227,263	$1.664M	0.0%	$1.23	—	COM	98584b103
EA	Electronic Arts	23,320	$1.534M	0.0%	$19.79	+244.3%	COM	285512109
—	Constellium N.V.	219,584	$1.401M	0.0%	$6.38	—	COM	b9b3dx4
—	SFX Entertainment Inc	2,595,028	$1.298M	0.0%	$4.11	—	COM	784178303
—	Quiksilver, Inc.	2,748,700	$1.261M	0.0%	$0.46	—	COM	74838c106
—	Nutri Systems	42,100	$1.174M	0.0%	$19.98	—	COM	67069d108
BBBY	Overstock. com	48,800	$953K	0.0%	$23.11	-10.0%	COM	690370101
—	Linn Energy LLC	265,400	$937K	0.0%	$3.53	—	COM	536020100
—	Goodrich Petroleum	1,028,800	$895K	0.0%	$1.86	—	COM	382410405
—	Penn West Petroleum Ltd.	1,260,081	$841K	0.0%	$1.65	—	COM	707887105
—	Metabolix	370,753	$775K	0.0%	$3.75	—	COM	591018882
—	Zix Corporation (Custom Tracks	163,860	$724K	0.0%	$3.93	—	COM	98974P100
—	Voltari Corp	82,051	$639K	0.0%	$5.66	—	COM	92870x309
—	Sigma Design	61,000	$630K	0.0%	$8.03	—	COM	826565103
—	Cutera	33,600	$501K	0.0%	$12.92	—	COM	232109108
—	Global Power Equipment	111,969	$462K	0.0%	$13.20	—	COM	37941p306
MTZ	MasTec Inc.	23,400	$387K	0.0%	$17.42	0.0%	COM	576323109
—	Oclaro Inc	135,400	$367K	0.0%	$2.26	—	COM	67555n206
—	Cosi Inc.	305,676	$330K	0.0%	$2.66	—	COM	22122p200
—	Novacopper Inc	673,155	$328K	0.0%	$0.61	—	COM	66988k102
—	Rocket Fuel Inc.	44,616	$268K	0.0%	$16.12	—	COM	773111109
—	FuelCell Energy, Inc.	290,100	$249K	0.0%	$0.98	—	COM	35952H106
—	Seachange International	38,180	$245K	0.0%	$7.02	—	COM	811699107
CIEN	Ciena Corporation	9,408	$216K	0.0%	$22.84	+1.8%	COM	171779309
—	First Marblehead Corp	55,349	$208K	0.0%	$5.76	—	COM	320771207
AMSC	American Superconductor Corp	41,465	$205K	0.0%	$6.60	-28.8%	COM	030111207
—	Emcore Corp	27,612	$189K	0.0%	$5.43	—	COM	290846104
—	Stereotaxis	127,480	$175K	0.0%	$1.44	—	COM	85916j409
—	JA Solar Hldgs	14,520	$117K	0.0%	$9.57	—	COM	466090206
—	Aware	24,600	$78,000	0.0%	$4.39	—	COM	05453n100
—	Magnum Hunter Resources Corp	70,450	$53,000	0.0%	$2.67	—	COM	55973b102
—	Active Power	15,074	$29,000	0.0%	$2.19	—	COM	00504w308
—	Cogentix Medical(Frmly Vision	15,360	$24,000	0.0%	$1.63	—	COM	19243a104
—	DecisionPoint Systems Inc	35,165	$2,000	0.0%	$0.43	—	COM	24345a101
—	Kior Inc	266,500	$1,000	0.0%	$0.01	—	COM	497217109