Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	IAC INTERACTIVECORP	149,491	$32.4M	7.4%	$63.93	—	COM	44919P508
—	SPX CORP	801,716	$26.7M	6.1%	$27.50	—	COM	784635104
IQV	IQVIA HLDGS INC	197,046	$25.57M	5.9%	$101.80	+18.0%	COM	46266C105
—	AON PLC	153,341	$23.58M	5.4%	$67.64	—	SHS CL A	G0408V102
VOYA	VOYA FINL INC	450,886	$22.4M	5.1%	$31.98	+38.8%	COM	929089100
FMC	F M C CORP	250,647	$21.85M	5.0%	$57.79	+6.5%	COM NEW	302491303
HGV	HILTON GRAND VACATIONS INC	627,914	$20.78M	4.8%	$39.78	-16.2%	COM	43283X105
—	CAESARS ENTMT CORP	1,964,693	$20.14M	4.6%	$12.41	—	COM	127686103
—	HD SUPPLY HLDGS INC	380,926	$16.3M	3.7%	$25.70	—	COM	40416M105
FLEX	FLEX LTD	1,158,296	$15.2M	3.5%	$13.53	-22.6%	ORD	Y2573F102
BALL	BALL CORP	311,522	$13.7M	3.1%	$35.61	+5.2%	COM	058498106
RHP	RYMAN HOSPITALITY PPTYS INC	155,211	$13.38M	3.1%	$72.54	—	COM	78377T107
—	WILLSCOT CORP	697,067	$11.96M	2.7%	$15.95	—	COM	971375126
HUN	HUNTSMAN CORP	431,897	$11.76M	2.7%	$30.63	-0.5%	COM	447011107
—	TRONOX LTD	975,714	$11.66M	2.7%	$20.28	—	SHS CL A	Q9235V101
—	IHS MARKIT LTD	209,099	$11.28M	2.6%	$42.24	—	SHS	G47567105
SPY	SPDR S&P 500 ETF TR	38,282	$11.13M	2.6%	$175.46	—	TR UNIT	78462F103
—	EXTENDED STAY AMER INC	521,483	$10.55M	2.4%	$17.85	—	UNIT 99/99/9999B	30224P200
—	PERSPECTA INC	402,489	$10.35M	2.4%	$20.55	—	COM	715347100
ATKR	ATKORE INTL GROUP INC	368,656	$9.78M	2.2%	$21.83	+10.4%	COM	047649108
—	PLAYA HOTELS & RESORTS NV	992,322	$9.556M	2.2%	$10.67	—	SHS	N70544106
NOMD	NOMAD FOODS LTD	463,237	$9.385M	2.2%	$10.97	+80.3%	USD ORD SHS	G6564A105
ARMK	ARAMARK	205,492	$8.84M	2.0%	$20.12	+32.2%	COM	03852U106
—	KRATON CORPORATION	168,899	$7.964M	1.8%	$32.42	—	COM	50077C106
AXTA	AXALTA COATING SYS LTD	271,986	$7.931M	1.8%	$31.78	-5.6%	COM	G0750C108
—	ALTABA INC	83,731	$5.704M	1.3%	$69.85	—	COM	021346101
BRK/B	BERKSHIRE HATHAWAY INC DEL	19,734	$4.225M	1.0%	$161.63	+26.9%	CL B NEW	084670702
MSGS	MADISON SQUARE GARDEN CO NEW	12,505	$3.943M	0.9%	$114.87	+93.3%	CL A	55825T103
C	CITIGROUP INC	53,365	$3.828M	0.9%	$37.92	+44.4%	COM NEW	172967424
—	BRIGHTSPHERE INVESTMNT GRP P	292,476	$3.627M	0.8%	$15.76	—	SHS	G1644T109
—	FIAT CHRYSLER AUTOMOBILES N	197,289	$3.455M	0.8%	$18.89	—	SHS	N31738102
ALLY	ALLY FINL INC	111,773	$2.956M	0.7%	$13.39	+61.1%	COM	02005N100
—	INTREPID POTASH INC	717,132	$2.575M	0.6%	$2.26	—	COM	46121Y102
OLN	OLIN CORP	99,500	$2.555M	0.6%	$18.68	+27.5%	COM PAR $1	680665205
—	DELL TECHNOLOGIES INC	25,692	$2.495M	0.6%	$84.59	—	COM CL V	24703L103
TDW	TIDEWATER INC NEW	60,000	$1.871M	0.4%	$31.49	0.0%	COM	88642R109
OPLN	KAR AUCTION SVCS INC	25,400	$1.516M	0.3%	$8.72	+164.8%	COM	48238T109
GSM	FERROGLOBE PLC	150,893	$1.233M	0.3%	$9.36	-17.1%	SHS	G33856108
—	TIVO CORP	97,959	$1.22M	0.3%	$12.45	—	COM	88870P106
MFIN	MEDALLION FINL CORP	176,361	$1.173M	0.3%	$2.66	+84.9%	COM	583928106
—	DISCOVER FINL SVCS	14,869	$1.137M	0.3%	$49.82	—	COM	254709108
STT	STATE STR CORP	11,018	$923K	0.2%	$47.79	+45.0%	COM	857477103
BRSL	INTERNATIONAL GAME TECHNOLOG	46,484	$918K	0.2%	$12.74	+8.6%	SHS USD	G4863A108
GLD	SPDR GOLD TRUST	7,542	$850K	0.2%	$119.47	—	GOLD SHS	78463V107
DHI	D R HORTON INC	17,242	$727K	0.2%	$39.68	+0.6%	COM	23331A109
—	ANDEAVOR	4,386	$673K	0.2%	$103.15	—	COM	03349M105
MU	MICRON TECHNOLOGY INC	13,355	$604K	0.1%	$38.01	+29.5%	COM	595112103
—	LIBERTY MEDIA CORP DELAWARE	13,029	$566K	0.1%	$31.37	—	COM A SIRIUSXM	531229409
—	FREDS INC	271,397	$554K	0.1%	$2.28	—	CL A	356108100
SATS	ECHOSTAR CORP	11,633	$539K	0.1%	$35.22	+8.1%	CL A	278768106
—	VOXX INTL CORP	91,573	$476K	0.1%	$5.54	—	CL A	91829F104
—	GLOBAL SHIP LEASE INC NEW	343,879	$378K	0.1%	$1.32	—	SHS A	Y27183105
—	ROSEHILL RES INC	17,990	$110K	0.0%	$6.11	—	CL A	777385105
—	OCWEN FINL CORP	25,861	$102K	0.0%	$3.95	—	COM NEW	675746309