Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
IBKR	INTERACTIVE BROKERS GROUP IN	621,464	$25.83M	12.3%	$41.56 *	$6.23	+34.9%	COM	45841N107
—	DIRECTV	163,855	$15.2M	7.2%	$92.79	$92.79	—	COM	25490A309
AAL	AMERICAN AIRLS GROUP INC	309,300	$12.35M	5.9%	$39.94 *	$42.36	+2.3%	COM	02376R102
TMUS	T MOBILE US INC	263,405	$10.21M	4.9%	$38.77 *	$31.24	+10.8%	COM	872590104
GLPI	GAMING & LEISURE PPTYS INC	223,266	$8.185M	3.9%	$36.66	$29.54	—	COM	36467J108
YELP	YELP INC	183,208	$7.883M	3.7%	$43.03 *	$48.07	-3.5%	CL A	985817105
GHC	GRAHAM HLDGS CO	6,500	$6.991M	3.3%	$1075.54 *	$489.32	+16.1%	COM	384637104
NVDA	NVIDIA CORP	255,611	$5.14M	2.4%	$20.11 *	$0.47	+12.1%	COM	67066G104
—	CHICOS FAS INC	297,725	$4.951M	2.4%	$16.63	$17.69	—	COM	168615102
—	BROADCOM CORP	93,000	$4.789M	2.3%	$51.49	$51.49	—	CL A	111320107
TSLA	TESLA MTRS INC	16,000	$4.292M	2.0%	$268.25 *	$15.24	+3.7%	COM	88160R101
—	GASLOG LTD	209,130	$4.172M	2.0%	$19.95	$20.27	—	SHS	G37585909
JPM	JPMORGAN CHASE & CO	58,000	$3.93M	1.9%	$67.76 *	$44.28	+11.0%	COM	46625H100
—	STARWOOD HOTELS&RESORTS WRLD	48,000	$3.892M	1.9%	$81.08	$81.08	—	COM	85590A401
—	HI-CRUSH PARTNERS LP	118,841	$3.647M	1.7%	$30.69	$30.91	—	COM UNIT LTD	428337109
—	DISH NETWORK CORP	51,642	$3.497M	1.7%	$67.72	$67.72	—	CL A	25470M109
SNN	SMITH & NEPHEW PLC	96,500	$3.276M	1.6%	$33.95	$36.17	—	SPDN ADR NEW	83175M205
—	DEALERTRACK TECHNOLOGIES INC	47,000	$2.951M	1.4%	$62.79	$62.79	—	COM	242309102
—	RCS CAP CORP	365,000	$2.796M	1.3%	$7.66	$11.88	—	COM CL A	74937W102
DAL	DELTA AIR LINES INC DEL	64,000	$2.629M	1.3%	$41.08 *	$37.13	+3.4%	COM NEW	247361702
PRGO	PERRIGO CO PLC	14,000	$2.588M	1.2%	$184.86 *	$190.62	0.0%	SHS	G97822103
IBM	INTERNATIONAL BUSINESS MACHS	15,500	$2.521M	1.2%	$162.65 *	$100.47	+2.5%	COM	459200101
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	91,000	$2.509M	1.2%	$27.57 *	$27.23	-3.5%	COM	874054109
—	BERKSHIRE HATHAWAY INC	17,000	$2.314M	1.1%	$136.12	$136.12	—	CL B	84670702
—	KING DIGITAL ENTMT PLC	158,830	$2.263M	1.1%	$14.25	$15.41	—	ORD SHS	G5258J109
—	EQUITY COMWLTH	86,872	$2.23M	1.1%	$25.67	$26.54	—	COM SH BEN INT	294628102
NYT	NEW YORK TIMES CO	162,700	$2.221M	1.1%	$13.65 *	$11.57	+7.8%	CL A	650111107
—	FAMILY DLR STORES INC	27,498	$2.167M	1.0%	$78.81	$79.21	—	COM	307000109
NWSA	NEWS CORP NEW	145,608	$2.124M	1.0%	$14.59 *	$13.49	+0.0%	CL A	65249B109
—	LEE ENTERPRISES INC	620,784	$2.067M	1.0%	$3.33	$3.68	—	COM	523768109
—	OM GROUP INC	60,890	$2.046M	1.0%	$33.60	$33.60	—	COM	670872100
—	ACTIVISION BLIZZARD INC	81,642	$1.977M	0.9%	$24.22	$22.53	—	COM	00507V109
—	APOLLO ED GROUP INC	133,000	$1.713M	0.8%	$12.88	$12.88	—	CL A	37604105
—	ALLERGAN PLC	5,200	$1.578M	0.8%	$303.46	$303.46	—	SHS	G0177J108
—	YAHOO INC	40,000	$1.572M	0.7%	$39.30	$41.59	—	COM	984332106
CMCSA	COMCAST CORP NEW	26,000	$1.564M	0.7%	$60.15 *	$22.52	+2.1%	CL A	20030N101
MDT	MEDTRONIC PLC	21,000	$1.556M	0.7%	$74.10 *	$58.10	+1.2%	SHS	G5960L103
BAC	BANK AMER CORP	90,000	$1.532M	0.7%	$17.02 *	$12.82	+2.4%	COM	060505104
EBAY	EBAY INC	25,100	$1.512M	0.7%	$60.24 *	$20.69	+7.3%	COM	278642103
ALLY	ALLY FINL INC	64,100	$1.438M	0.7%	$22.43 *	$17.11	-1.5%	COM	02005N100
ESNT	ESSENT GROUP LTD	51,090	$1.397M	0.7%	$27.34 *	$21.38	+7.6%	COM	G3198U102
NFLX	NETFLIX INC	1,800	$1.182M	0.6%	$656.67 *	$5.37	+55.9%	COM	64110L106
QSR	RESTAURANT BRANDS INTL INC	28,478	$1.088M	0.5%	$38.20 *	$39.85	-1.0%	COM	76131D103
—	DEAN FOODS CO NEW	66,710	$1.079M	0.5%	$16.17	$19.37	—	COM NEW	242370203
CNVAF	CNOVA N V	190,980	$1.056M	0.5%	$5.53 *	$6.63	-10.0%	SHS	N20947102
MBI	MBIA INC	171,302	$1.03M	0.5%	$6.01 *	$4.14	-4.9%	COM	55262C100
—	EMMIS COMMUNICATIONS CORP	1,003,866	$1.004M	0.5%	$1.00	$1.57	—	CL A	291525103
WFC	WELLS FARGO & CO NEW	17,500	$984K	0.5%	$56.23 *	$39.85	+3.8%	COM	949746101
—	CLIFFS NAT RES INC	218,011	$944K	0.4%	$4.33	$5.56	—	COM	18683K101
—	VIRGIN AMER INC	32,550	$894K	0.4%	$27.47	$37.61	—	COM VTG	92765X208
—	TIME WARNER INC	10,000	$874K	0.4%	$87.40	$85.40	—	COM NEW	887317303
—	GASTAR EXPL INC NEW	266,481	$823K	0.4%	$3.09	$2.41	—	COM	36729W202
HUM	HUMANA INC	4,000	$765K	0.4%	$191.25 *	$170.85	0.0%	COM	444859102
—	PENNEY J C INC	89,000	$754K	0.4%	$8.47	$6.47	—	COM	708160106
—	ATLAS FINANCIAL HOLDINGS INC	36,783	$729K	0.3%	$19.82	$16.31	—	SHS NEW	G06207115
—	NEW SR INVT GROUP INC	54,431	$728K	0.3%	$13.37	$16.45	—	COM	648691103
NMIH	NMI HLDGS INC	89,521	$718K	0.3%	$8.02	$8.86	-10.7%	CL A	629209305
—	BLUCORA INC	44,148	$713K	0.3%	$16.15	$13.80	—	COM	095229100
—	MICHAEL KORS HLDGS LTD	16,500	$694K	0.3%	$42.06	$42.06	—	SHS	G60754101
GM	GENERAL MTRS CO	20,000	$667K	0.3%	$33.35 *	$25.00	+11.4%	COM	37045V100
—	TORNIER N V	26,700	$667K	0.3%	$24.98	$25.47	—	SHS	N87237108
—	AMERICAN RLTY CAP PPTYS INC	78,986	$642K	0.3%	$8.13	$8.13	—	COM	02917T104
TRGP	TARGA RES CORP	6,734	$601K	0.3%	$89.25 *	$55.46	+4.9%	COM	87612G101
—	CLOUD PEAK ENERGY INC	125,048	$583K	0.3%	$4.66	$6.16	—	COM	18911Q102
—	PEABODY ENERGY CORP	266,135	$583K	0.3%	$2.19	$7.47	—	COM	704549104
—	TRANSCANADA CORP	14,000	$569K	0.3%	$40.64	$49.07	—	COM	89353D107
NUS	NU SKIN ENTERPRISES INC	12,000	$566K	0.3%	$47.17 *	$30.68	+24.3%	CL A	67018T105
LUV	SOUTHWEST AIRLS CO	17,000	$563K	0.3%	$33.12 *	$32.93	+5.1%	COM	844741108
—	ALTISOURCE PORTFOLIO SOLNS	17,000	$523K	0.2%	$30.76	$12.82	—	REG SHS	L0175J104
—	TEEKAY TANKERS LTD	74,100	$490K	0.2%	$6.61	$5.17	—	CL A	Y8565N102
SONY	SONY CORP	17,000	$483K	0.2%	$28.41	$20.45	—	ADR NEW	835699307
DHT	DHT HOLDINGS INC	59,000	$458K	0.2%	$7.76 *	$2.85	+22.4%	SHS NEW	Y2065G121
—	SEARS HOMETOWN & OUTLET STOR	45,821	$435K	0.2%	$9.49	$13.14	—	COM	812362101
—	GAIN CAP HLDGS INC	44,500	$425K	0.2%	$9.55	$9.73	—	COM	36268W100
MYGN	MYRIAD GENETICS INC	12,000	$408K	0.2%	$34.00	$35.48	-4.2%	COM	62855J104
—	ATLANTIC PWR CORP	130,000	$400K	0.2%	$3.08	$2.71	—	COM NEW	04878Q863
CLLS	CELLECTIS S A	10,400	$375K	0.2%	$36.06	$36.06	—	SPONSORED ADS	15117K103
TGNA	TEGNA INC	11,200	$359K	0.2%	$32.05 *	$18.83	0.0%	COM	87901J105
UAL	UNITED CONTL HLDGS INC	6,500	$345K	0.2%	$53.08 *	$57.29	+1.0%	COM	910047109
—	OCWEN FINL CORP	33,653	$343K	0.2%	$10.19	$8.40	—	COM NEW	675746309
GTN	GRAY TELEVISION INC	15,000	$335K	0.2%	$22.33 *	$9.58	+53.2%	COM	389375106
—	CARBONITE INC	28,200	$333K	0.2%	$11.81	$14.28	—	COM	141337105
—	SODASTREAM INTERNATIONAL LTD	13,620	$288K	0.1%	$21.15	$20.12	—	USD SHS	M9068E105
—	FRONTLINE LTD	118,000	$288K	0.1%	$2.44	$2.42	—	SHS	G3682E127
—	LIBERTY MEDIA CORP DELAWARE	8,000	$287K	0.1%	$35.88	$35.00	—	COM SER C	531229300
—	JUMEI INTL HLDG LTD	12,506	$286K	0.1%	$22.87	$14.23	—	SPONSORED ADR	48138L107
ANF	ABERCROMBIE & FITCH CO	13,000	$280K	0.1%	$21.54 *	$19.44	-9.2%	CL A	002896207
LPLA	LPL FINL HLDGS INC	6,000	$279K	0.1%	$46.50 *	$43.25	0.0%	COM	50212V100
C	CITIGROUP INC	5,000	$276K	0.1%	$55.20 *	$37.93	+6.9%	COM NEW	172967424
—	PALL CORP	2,000	$249K	0.1%	$124.50	$124.50	—	COM	696429307
—	GEEKNET INC	12,400	$247K	0.1%	$19.92	$19.92	—	COM NEW	36846Q203
IP	INTL PAPER CO	5,000	$238K	0.1%	$47.60 *	$32.75	-3.8%	COM	460146103
—	BOOKS-A-MILLION INC	77,114	$221K	0.1%	$2.87	$1.75	—	COM	098570104
—	TSAKOS ENERGY NAVIGATION LTD	22,000	$210K	0.1%	$9.55	$8.14	—	SHS	G9108L108
—	ROCK-TENN CO	3,400	$205K	0.1%	$60.29	$64.50	—	CL A	772739207
MU	MICRON TECHNOLOGY INC	10,000	$188K	0.1%	$18.80 *	$26.01	0.0%	COM	595112103
—	CALPINE CORP	10,000	$180K	0.1%	$18.00	$22.10	—	COM NEW	131347304
—	LUMENIS LTD	12,817	$176K	0.1%	$13.73	$13.73	—	SHS CL B	M6778Q121
—	JAKKS PAC INC	17,000	$168K	0.1%	$9.88	$6.76	—	COM	47012E106
—	CENTER COAST MLP & INFRSTR F	10,740	$164K	0.1%	$15.27	$15.27	—	COM SHS	151461100
—	ENERGY XXI LTD	57,342	$151K	0.1%	$2.63	$3.24	—	USD UNRS SHS	G10082140
—	INTELSAT S A	14,620	$145K	0.1%	$9.92	$17.31	—	COM	L5140P101
—	MCCLATCHY CO	128,800	$139K	0.1%	$1.08	$2.73	—	CL A	579489105
—	ATLAS ENERGY LP	24,613	$123K	0.1%	$5.00	$31.13	—	COM UNITS LP	04930A104
—	ORION ENERGY SYSTEMS INC	47,000	$118K	0.1%	$2.51	$4.44	—	COM	686275108
—	ORBITZ WORLDWIDE INC	10,000	$114K	0.1%	$11.40	$11.60	—	COM	68557K109
—	MAGICJACK VOCALTEC LTD	15,000	$111K	0.1%	$7.40	$8.07	—	SHS	M6787E101
—	CAREER EDUCATION CORP	32,500	$107K	0.1%	$3.29	$5.25	—	COM	141665109
EPM	EVOLUTION PETROLEUM CORP	12,144	$80,000	0.0%	$6.59 *	$4.37	-16.8%	COM	30049A107
—	GANNETT INC	5,600	$78,000	0.0%	$13.93	$31.90	—	COM	364730101
—	CENVEO INC	26,000	$55,000	0.0%	$2.12	$2.08	—	COM	15670S105
—	AEROPOSTALE	30,000	$49,000	0.0%	$1.63	$1.63	—	COM	7865108
ERII	ENERGY RECOVERY INC	10,314	$28,000	0.0%	$2.71 *	$4.54	-35.4%	COM	29270J100
GULTU	GULF COAST ULTRA DEEP RTY TR	34,527	$24,000	0.0%	$0.70	$1.25	—	ROYALTY TR UNT	40222T104
—	VERSO PAPER CORP	25,000	$17,000	0.0%	$0.68	$3.40	—	COM	92531L108