Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IBKR	INTERACTIVE BROKERS GROUP IN	664,373	$26.22M	12.2%	$6.44	+48.2%	COM	45841N107
AAL	AMERICAN AIRLS GROUP INC	324,305	$12.59M	5.8%	$42.21	-7.3%	COM	02376R102
—	TIME WARNER CABLE INC	67,800	$12.16M	5.6%	$179.37	—	COM	88732J207
—	CHICOS FAS INC	699,000	$10.99M	5.1%	$16.56	—	COM	168615102
NVDA	NVIDIA CORP	347,379	$8.563M	4.0%	$0.48	+8.7%	COM	67066G104
PRGO	PERRIGO CO PLC	49,400	$7.769M	3.6%	$185.47	-1.1%	SHS	G97822103
GLPI	GAMING & LEISURE PPTYS INC	254,261	$7.552M	3.5%	$29.56	—	COM	36467J108
BRK/B	BERKSHIRE HATHAWAY INC	53,000	$6.911M	3.2%	$137.00	0.0%	CL B	084670702
—	PRECISION CASTPARTS CORP	28,520	$6.551M	3.0%	$229.70	—	COM	740189105
—	CIGNA CORPORATION	41,250	$5.57M	2.6%	$135.03	—	COM	125509109
MU	MICRON TECHNOLOGY INC	357,899	$5.361M	2.5%	$17.04	-1.5%	COM	595112103
—	DISH NETWORK CORP	73,662	$4.297M	2.0%	$64.91	—	CL A	25470M109
—	CON-WAY INC	89,100	$4.228M	2.0%	$47.45	—	COM	205944101
—	BROADCOM CORP	78,600	$4.042M	1.9%	$51.49	—	CL A	111320107
—	LIFELOCK INC	428,748	$3.756M	1.7%	$8.76	—	COM	53224V100
GHC	GRAHAM HLDGS CO	6,500	$3.751M	1.7%	$489.32	+21.7%	COM	384637104
TSLA	TESLA MTRS INC	15,000	$3.726M	1.7%	$15.24	+11.5%	COM	88160R101
SNN	SMITH & NEPHEW PLC	88,000	$3.08M	1.4%	$36.17	—	SPDN ADR NEW	83175M205
—	VEREIT INC	398,147	$3.074M	1.4%	$7.72	—	COM	92339V100
JPM	JPMORGAN CHASE & CO	47,900	$2.92M	1.4%	$44.28	+12.1%	COM	46625H100
DAL	DELTA AIR LINES INC DEL	64,000	$2.872M	1.3%	$37.13	+6.5%	COM NEW	247361702
INTC	INTEL CORP	90,626	$2.731M	1.3%	$22.62	0.0%	COM	458140100
—	GASLOG LTD	274,425	$2.64M	1.2%	$17.74	—	SHS	G37585909
—	HERTZ GLOBAL HOLDINGS INC C	149,767	$2.506M	1.2%	$16.73	—	COM	42805T105
IBM	INTERNATIONAL BUSINESS MACHS	15,500	$2.247M	1.0%	$100.47	-5.1%	COM	459200101
—	EQUITY COMWLTH	79,000	$2.152M	1.0%	$26.54	—	COM SH BEN INT	294628102
CABO	CABLE ONE INC	5,050	$2.118M	1.0%	$366.69	0.0%	COM	12685J105
CMCSA	COMCAST CORP NEW	37,000	$2.105M	1.0%	$22.76	+2.6%	CL A	20030N101
—	TIME WARNER INC	30,000	$2.063M	1.0%	$74.31	—	COM NEW	887317303
NYT	NEW YORK TIMES CO	169,700	$2.004M	0.9%	$11.56	-1.1%	CL A	650111107
NWSA	NEWS CORP NEW	158,608	$2.002M	0.9%	$13.38	-8.6%	CL A	65249B109
GM	GENERAL MTRS CO	56,000	$1.681M	0.8%	$24.46	-1.2%	COM	37045V100
BAC	BANK AMER CORP	107,000	$1.667M	0.8%	$12.92	+4.0%	COM	060505104
GAP	GAP INC DEL	54,500	$1.553M	0.7%	$23.79	0.0%	COM	364760108
—	APOLLO ED GROUP INC	133,000	$1.471M	0.7%	$11.06	—	CL A	037604105
ALLY	ALLY FINL INC	64,100	$1.306M	0.6%	$17.11	-2.9%	COM	02005N100
—	CBS CORP NEW	32,708	$1.305M	0.6%	$39.90	—	CL B	124857202
—	LEE ENTERPRISES INC	625,194	$1.3M	0.6%	$3.68	—	COM	523768109
ESNT	ESSENT GROUP LTD	51,090	$1.27M	0.6%	$21.38	+15.0%	COM	G3198U102
—	VIRGIN AMER INC	36,770	$1.259M	0.6%	$37.23	—	COM VTG	92765X208
—	EMMIS COMMUNICATIONS CORP	1,012,366	$1.255M	0.6%	$1.57	—	CL A	291525103
—	MEDIA GEN INC NEW	87,000	$1.217M	0.6%	$13.99	—	COM	58441K100
MYGN	MYRIAD GENETICS INC	29,000	$1.168M	0.5%	$35.49	+0.0%	COM	62855J104
—	KING DIGITAL ENTMT PLC	83,600	$1.132M	0.5%	$15.41	—	ORD SHS	G5258J109
—	FINISH LINE INC	57,144	$1.103M	0.5%	$19.30	—	CL A	317923100
—	MICHAEL KORS HLDGS LTD	25,952	$1.096M	0.5%	$42.12	—	SHS	G60754101
MBI	MBIA INC	176,302	$1.072M	0.5%	$4.11	-31.7%	COM	55262C100
C	CITIGROUP INC	21,345	$1.059M	0.5%	$40.09	+1.6%	COM NEW	172967424
QSR	RESTAURANT BRANDS INTL INC	28,478	$1.023M	0.5%	$39.85	-0.5%	COM	76131D103
AAPL	APPLE INC	8,900	$982K	0.5%	$26.29	0.0%	COM	037833100
—	PENNEY J C INC	89,000	$827K	0.4%	$6.47	—	COM	708160106
PYPL	PAYPAL HLDGS INC	25,100	$779K	0.4%	$35.85	0.0%	COM	70450Y103
GNRC	GENERAC HLDGS INC	25,834	$777K	0.4%	$32.11	0.0%	COM	368736104
—	CAMERON INTERNATIONAL CORP C	12,551	$770K	0.4%	$61.35	—	COM	13342B105
WFC	WELLS FARGO & CO NEW	15,000	$770K	0.4%	$39.85	+3.1%	COM	949746101
—	ANNALY CAP MGMT INC	75,000	$740K	0.3%	$9.87	—	COM	035710409
HUM	HUMANA INC	4,000	$716K	0.3%	$170.85	-0.5%	COM	444859102
UAL	UNITED CONTL HLDGS INC	13,400	$711K	0.3%	$56.84	-0.7%	COM	910047109
NMIH	NMI HLDGS INC	89,521	$680K	0.3%	$8.86	-7.5%	CL A	629209305
—	WILLIAMS PARTNERS L P NEW	20,596	$657K	0.3%	$31.90	—	COM UNIT LTD PAR	96949L105
LUV	SOUTHWEST AIRLS CO	17,000	$647K	0.3%	$32.93	-0.6%	COM	844741108
EBAY	EBAY INC	25,100	$613K	0.3%	$20.69	+15.7%	COM	278642103
—	ATLAS FINANCIAL HOLDINGS INC	32,300	$598K	0.3%	$16.31	—	SHS NEW	G06207115
CNVAF	CNOVA N V	190,980	$577K	0.3%	$6.63	-29.6%	SHS	N20947102
—	CLIFFS NAT RES INC	218,011	$532K	0.2%	$5.56	—	COM	18683K101
—	NEW SR INVT GROUP INC	50,431	$528K	0.2%	$16.45	—	COM	648691103
LPLA	LPL FINL HLDGS INC	53,000	$504K	0.2%	$43.04	-0.1%	COM	50212V100
NUS	NU SKIN ENTERPRISES INC	12,000	$495K	0.2%	$30.68	-0.7%	CL A	67018T105
—	JUMEI INTL HLDG LTD	48,206	$476K	0.2%	$11.00	—	SPONSORED ADR	48138L107
—	GAIN CAP HLDGS INC	64,000	$466K	0.2%	$8.99	—	COM	36268W100
—	DEAN FOODS CO NEW	28,010	$463K	0.2%	$19.37	—	COM NEW	242370203
—	TRANSCANADA CORP	14,000	$442K	0.2%	$49.07	—	COM	89353D107
—	BARNES & NOBLE ED INC	31,500	$400K	0.2%	$12.70	—	COM	06777U101
—	OFFICE DEPOT INC	57,276	$368K	0.2%	$6.43	—	COM	676220106
—	CLOUD PEAK ENERGY INC	139,543	$367K	0.2%	$5.79	—	COM	18911Q102
—	SEARS HOMETOWN & OUTLET STOR	45,821	$367K	0.2%	$13.14	—	COM	812362101
—	ALTISOURCE PORTFOLIO SOLNS	15,000	$358K	0.2%	$12.82	—	REG SHS	L0175J104
DHT	DHT HOLDINGS INC	45,000	$334K	0.2%	$2.85	+22.1%	SHS NEW	Y2065G121
YELP	YELP INC	14,700	$318K	0.1%	$48.07	-42.3%	CL A	985817105
—	CREDIT SUISSE NASSAU BRH	13,000	$317K	0.1%	$24.38	—	INVRS VIX STERM	22542D795
WRLD	WORLD ACCEP CORP DEL	11,800	$317K	0.1%	$42.55	0.0%	COM	981419104
—	SUNEDISON INC	43,000	$309K	0.1%	$7.19	—	COM	86732Y109
—	ATMEL CORP	37,000	$299K	0.1%	$8.08	—	COM	049513104
—	TEEKAY TANKERS LTD	42,000	$290K	0.1%	$5.17	—	CL A	Y8565N102
—	COACH INC	10,000	$289K	0.1%	$28.90	—	COM	189754104
—	REPUBLIC AWYS HLDGS INC	48,500	$280K	0.1%	$5.77	—	COM	760276105
—	FRONTLINE LTD	103,000	$277K	0.1%	$2.42	—	SHS	G3682E127
—	LIBERTY MEDIA CORP DELAWARE	8,000	$276K	0.1%	$35.00	—	COM SER C	531229300
ANF	ABERCROMBIE & FITCH CO	13,000	$275K	0.1%	$19.44	-15.4%	CL A	002896207
—	GASTAR EXPL INC NEW	233,481	$269K	0.1%	$2.41	—	COM	36729W202
TRGP	TARGA RES CORP	5,000	$258K	0.1%	$55.46	-20.7%	COM	87612G101
TGNA	TEGNA INC	11,200	$251K	0.1%	$18.83	-10.0%	COM	87901J105
CLLS	CELLECTIS S A	9,400	$248K	0.1%	$36.06	—	SPONSORED ADS	15117K103
—	MAGICJACK VOCALTEC LTD	27,615	$246K	0.1%	$8.45	—	SHS	M6787E101
—	ATLANTIC PWR CORP	130,000	$242K	0.1%	$2.71	—	COM NEW	04878Q863
—	OCWEN FINL CORP	33,653	$226K	0.1%	$8.40	—	COM NEW	675746309
—	CHINA CORD BLOOD CORP	37,100	$223K	0.1%	$6.01	—	SHS	G21107100
GILD	GILEAD SCIENCES INC	2,100	$206K	0.1%	$77.50	0.0%	COM	375558103
—	AEROPOSTALE	310,900	$193K	0.1%	$0.62	—	COM	007865108
GTN	GRAY TELEVISION INC	15,000	$191K	0.1%	$9.58	+48.4%	COM	389375106
—	TSAKOS ENERGY NAVIGATION LTD	21,200	$172K	0.1%	$8.14	—	SHS	G9108L108
—	SODASTREAM INTERNATIONAL LTD	11,920	$164K	0.1%	$20.12	—	USD SHS	M9068E105
—	MCCLATCHY CO	154,800	$150K	0.1%	$2.43	—	CL A	579489105
—	ENERNOC INC	17,100	$135K	0.1%	$7.89	—	COM	292764107
—	CORENERGY INFRASTRUCTURE TR	27,100	$120K	0.1%	$4.43	—	COM	21870U205
—	INTREPID POTASH INC	18,919	$105K	0.0%	$5.55	—	COM	46121Y102
—	INTELSAT S A	14,620	$94,000	0.0%	$17.31	—	COM	L5140P101
—	ORION ENERGY SYSTEMS INC	47,000	$85,000	0.0%	$4.44	—	COM	686275108
—	FORESIGHT ENERGY LP	13,900	$74,000	0.0%	$5.32	—	COM UNT RP INT	34552U104
EPM	EVOLUTION PETROLEUM CORP	12,144	$67,000	0.0%	$4.37	-32.0%	COM	30049A107
—	ATLAS ENERGY LP	24,613	$55,000	0.0%	$31.13	—	COM UNITS LP	04930A104
—	CENVEO INC	26,000	$49,000	0.0%	$2.08	—	COM	15670S105
—	ENERGY XXI LTD	37,342	$39,000	0.0%	$3.24	—	USD UNRS SHS	G10082140
ESINQ	ITT EDUCATIONAL SERVICES INC	11,000	$38,000	0.0%	$3.70	0.0%	COM	45068B109
ERII	ENERGY RECOVERY INC	10,314	$22,000	0.0%	$4.54	-42.9%	COM	29270J100
—	RCS CAP CORP	22,477	$18,000	0.0%	$11.88	—	COM CL A	74937W102
—	PEABODY ENERGY CORP	11,000	$15,000	0.0%	$7.47	—	COM	704549104
CBKCQ	CHRISTOPHER & BANKS CORP	10,000	$11,000	0.0%	$2.49	0.0%	COM	171046105
GULTU	GULF COAST ULTRA DEEP RTY TR	34,527	$10,000	0.0%	$1.25	—	ROYALTY TR UNT	40222T104
—	VERSO CORP	25,000	$4,000	0.0%	$3.40	—	COM	92531L108