Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BAC	BANK AMER CORP	2,662,500	$35.33M	13.8%	$13.27 *	$11.21	+1.2%	COM	060505104
WMB	WILLIAMS COS INC DEL	1,215,920	$26.3M	10.2%	$21.63 *	$9.91	+20.7%	COM	969457100
—	E M C CORP MASS	886,208	$24.08M	9.4%	$27.17	$25.74	—	COM	268648102
GLPI	GAMING & LEISURE PPTYS INC	363,018	$12.52M	4.9%	$34.48	$29.10	—	COM	36467J108
C	CITIGROUP INC	254,845	$10.8M	4.2%	$42.39 *	$33.23	-0.4%	COM NEW	172967424
JPM	JPMORGAN CHASE & CO	162,000	$10.07M	3.9%	$62.14 *	$46.47	+4.0%	COM	46625H100
IBKR	INTERACTIVE BROKERS GROUP IN	251,051	$8.887M	3.5%	$35.40 *	$6.68	+33.6%	COM	45841N107
—	INGRAM MICRO INC	248,959	$8.659M	3.4%	$34.78	$34.91	—	CL A	457153104
—	WILLIAMS PARTNERS L P NEW	247,129	$8.561M	3.3%	$34.64	$21.12	—	COM UNIT LTD PAR	96949L105
SYF	SYNCHRONY FINL	282,833	$7.15M	2.8%	$25.28 *	$22.54	+3.0%	COM	87165B103
—	ALLERGAN PLC	30,750	$7.106M	2.8%	$231.09	$302.49	—	SHS	G0177J108
HUM	HUMANA INC	23,900	$4.299M	1.7%	$179.87 *	$163.08	+0.7%	COM	444859102
—	GNC HLDGS INC	168,663	$4.097M	1.6%	$24.29	$24.29	—	COM CL A	36191G107
M	MACYS INC	112,000	$3.764M	1.5%	$33.61 *	$42.12	-15.0%	COM	55616P104
TMUS	T MOBILE US INC	83,476	$3.612M	1.4%	$43.27 *	$38.00	+4.3%	COM	872590104
CABO	CABLE ONE INC	6,450	$3.299M	1.3%	$511.47 *	$380.78	+12.2%	COM	12685J105
—	GANNETT CO INC	202,159	$2.792M	1.1%	$13.81	$13.81	—	COM	36473H104
GM	GENERAL MTRS CO	98,000	$2.773M	1.1%	$28.30 *	$24.38	+1.7%	COM	37045V100
GAP	GAP INC DEL	129,300	$2.744M	1.1%	$21.22 *	$17.78	-15.1%	COM	364760108
—	CIGNA CORPORATION	21,000	$2.688M	1.0%	$128.00	$135.30	—	COM	125509109
IBM	INTERNATIONAL BUSINESS MACHS	15,700	$2.383M	0.9%	$151.78 *	$100.30	-5.2%	COM	459200101
—	INTERVAL LEISURE GROUP INC	125,393	$1.994M	0.8%	$15.90	$15.90	—	COM	46113M108
HE	HAWAIIAN ELEC INDUSTRIES	58,800	$1.928M	0.8%	$32.79	$32.95	0.0%	COM	419870100
BCS	BARCLAYS PLC	245,000	$1.862M	0.7%	$7.60	$7.85	—	ADR	06738E204
NYT	NEW YORK TIMES CO	153,700	$1.86M	0.7%	$12.10 *	$11.56	-2.9%	CL A	650111107
—	E TRADE FINANCIAL CORP	72,500	$1.703M	0.7%	$23.49	$23.49	—	COM NEW	269246401
—	DSW INC	80,000	$1.694M	0.7%	$21.18	$21.18	—	CL A	23334L102
SNN	SMITH & NEPHEW PLC	49,000	$1.682M	0.7%	$34.33	$36.17	—	SPDN ADR NEW	83175M205
MBI	MBIA INC	244,302	$1.669M	0.6%	$6.83 *	$3.79	-14.4%	COM	55262C100
TSLA	TESLA MTRS INC	7,810	$1.658M	0.6%	$212.29 *	$15.21	-0.4%	COM	88160R101
—	PINNACLE ENTMT INC NEW	143,000	$1.584M	0.6%	$11.08	$11.08	—	COM	72348Y105
NWSA	NEWS CORP NEW	127,403	$1.446M	0.6%	$11.35 *	$13.16	-18.2%	CL A	65249B109
—	BAKER HUGHES INC	31,454	$1.42M	0.6%	$45.15	$45.15	—	COM	057224107
—	CBS CORP NEW	26,008	$1.416M	0.6%	$54.44	$41.32	—	CL B	124857202
—	BED BATH & BEYOND INC	31,800	$1.374M	0.5%	$43.21	$48.28	—	COM	075896100
—	AMERICAN CAP LTD	84,100	$1.331M	0.5%	$15.83	$15.24	—	COM	02503Y103
MS	MORGAN STANLEY	48,395	$1.257M	0.5%	$25.97 *	$19.33	+2.9%	COM NEW	617446448
—	LEE ENTERPRISES INC	629,194	$1.202M	0.5%	$1.91	$3.68	—	COM	523768109
—	OFFICE DEPOT INC	359,081	$1.189M	0.5%	$3.31	$3.31	—	COM	676220106
AAPL	APPLE INC	12,100	$1.157M	0.5%	$95.62 *	$25.12	-10.0%	COM	037833100
—	ANNALY CAP MGMT INC	104,000	$1.151M	0.4%	$11.07	$9.72	—	COM	035710409
GHC	GRAHAM HLDGS CO	2,302	$1.127M	0.4%	$489.57 *	$489.32	-9.5%	COM	384637104
GOGO	GOGO INC	134,000	$1.124M	0.4%	$8.39 *	$9.96	0.0%	COM	38046C109
ESNT	ESSENT GROUP LTD	51,090	$1.114M	0.4%	$21.80 *	$21.38	-12.8%	COM	G3198U102
—	SPIRIT AIRLS INC	23,137	$1.038M	0.4%	$44.86	$39.85	—	COM	848577102
—	ON DECK CAP INC	196,975	$1.014M	0.4%	$5.15	$5.78	—	COM	682163100
—	MYLAN N V	23,200	$1.003M	0.4%	$43.23	$46.34	—	SHS EURO	N59465109
PRGO	PERRIGO CO PLC	10,780	$977K	0.4%	$90.63 *	$103.58	0.0%	SHS	G97822103
PYPL	PAYPAL HLDGS INC	25,000	$913K	0.4%	$36.52 *	$35.85	+6.4%	COM	70450Y103
—	HERTZ GLOBAL HOLDINGS INC C	80,700	$893K	0.3%	$11.07	$16.32	—	COM	42805T105
CMCSA	COMCAST CORP NEW	13,300	$867K	0.3%	$65.19 *	$23.14	+6.9%	CL A	20030N101
—	CREDIT SUISSE NASSAU BRH	34,000	$850K	0.3%	$25.00	$25.08	—	INVRS VIX STERM	22542D795
—	EQUITY COMWLTH	29,000	$845K	0.3%	$29.14	$26.63	—	COM SH BEN INT	294628102
—	TERRAFORM PWR INC	73,540	$802K	0.3%	$10.91	$9.08	—	CL A COM	88104R100
—	MALLINCKRODT PUB LTD CO	12,800	$778K	0.3%	$60.78	$73.45	—	SHS	G5785G107
NUS	NU SKIN ENTERPRISES INC	16,000	$739K	0.3%	$46.19 *	$29.43	+0.3%	CL A	67018T105
ALLY	ALLY FINL INC	43,100	$736K	0.3%	$17.08 *	$17.11	-22.8%	COM	02005N100
—	BOFI HLDG INC	41,520	$735K	0.3%	$17.70	$21.12	—	COM	05566U108
DDS	DILLARDS INC	12,000	$727K	0.3%	$60.58 *	$48.67	0.0%	CL A	254067101
MPLX	MPLX LP	21,577	$726K	0.3%	$33.65	$39.32	—	COM UNIT REP LTD	55336V100
—	MONSANTO CO NEW	7,000	$724K	0.3%	$103.43	$103.43	—	COM	61166W101
WFC	WELLS FARGO & CO NEW	15,000	$710K	0.3%	$47.33 *	$39.85	-6.6%	COM	949746101
—	DISH NETWORK CORP	13,400	$702K	0.3%	$52.39	$64.17	—	CL A	25470M109
—	VITAMIN SHOPPE INC	22,900	$700K	0.3%	$30.57	$31.77	—	COM	92849E101
—	HOLLYFRONTIER CORP	29,207	$694K	0.3%	$23.76	$23.76	—	COM	436106108
—	CALPINE CORP	46,000	$679K	0.3%	$14.76	$14.47	—	COM NEW	131347304
—	FIFTH STREET FINANCE CORP	137,244	$666K	0.3%	$4.85	$5.02	—	COM	31678A103
—	LINKEDIN CORP	3,500	$662K	0.3%	$189.14	$189.14	—	COM CL A	53578A108
INTC	INTEL CORP	20,100	$659K	0.3%	$32.79 *	$24.72	+1.6%	COM	458140100
—	DEPOMED INC	33,423	$656K	0.3%	$19.63	$18.67	—	COM	249908104
UAL	UNITED CONTL HLDGS INC	14,400	$591K	0.2%	$41.04 *	$56.58	-16.4%	COM	910047109
—	OCH ZIFF CAP MGMT GROUP	145,500	$553K	0.2%	$3.80	$3.80	—	CL A	67551U105
—	BARNES & NOBLE ED INC	53,135	$539K	0.2%	$10.14	$10.18	—	COM	06777U101
—	ALTISOURCE PORTFOLIO SOLNS	18,700	$521K	0.2%	$27.86	$20.74	—	REG SHS	L0175J104
—	EMMIS COMMUNICATIONS CORP	709,193	$516K	0.2%	$0.73	$1.57	—	CL A	291525103
NMIH	NMI HLDGS INC	93,521	$512K	0.2%	$5.47 *	$8.67	-34.5%	CL A	629209305
—	ENERGY TRANSFER PRTNRS L P	12,000	$457K	0.2%	$38.08	$32.34	—	UNIT LTD PARTN	29273R109
—	TIME WARNER INC	5,000	$368K	0.1%	$73.60	$74.31	—	COM NEW	887317303
—	CARMIKE CINEMAS INC	11,700	$352K	0.1%	$30.09	$30.09	—	COM	143436400
—	SEARS HOMETOWN & OUTLET STOR	51,264	$346K	0.1%	$6.75	$12.26	—	COM	812362101
SRPT	SAREPTA THERAPEUTICS INC	17,500	$334K	0.1%	$19.09 *	$18.47	0.0%	COM	803607100
—	PENNEY J C INC	35,900	$319K	0.1%	$8.89	$6.47	—	COM	708160106
EBAY	EBAY INC	13,000	$304K	0.1%	$23.38 *	$20.84	+3.1%	COM	278642103
—	BARNES & NOBLE INC	26,583	$302K	0.1%	$11.36	$8.71	—	COM	067774109
—	CLIFFS NAT RES INC	49,900	$283K	0.1%	$5.67	$5.67	—	COM	18683K101
—	POLYCOM INC	25,000	$281K	0.1%	$11.24	$11.24	—	COM	73172K104
TGNA	TEGNA INC	11,200	$260K	0.1%	$23.21 *	$18.83	-22.4%	COM	87901J105
—	TERRAFORM GLOBAL INC	78,900	$257K	0.1%	$3.26	$2.38	—	CL A	88104M101
—	CVR PARTNERS LP	30,430	$249K	0.1%	$8.18	$8.02	—	COM	126633106
—	GAIN CAP HLDGS INC	39,349	$249K	0.1%	$6.33	$8.99	—	COM	36268W100
—	MCCLATCHY CO	15,480	$226K	0.1%	$14.60	$2.43	—	CL A	579489105
GS	GOLDMAN SACHS GROUP INC	1,500	$223K	0.1%	$148.67 *	$127.90	0.0%	COM	38141G104
—	SOLARCITY CORP	9,000	$215K	0.1%	$23.89	$23.89	—	COM	83416T100
DB	DEUTSCHE BANK AG	15,000	$206K	0.1%	$13.73 *	$12.95	0.0%	NAMEN AKT	D18190898
—	PENNTEX MIDSTREAM PARTNERS L	12,450	$194K	0.1%	$15.58	$15.58	—	COM UNIT LTD	709311104
—	SANTANDER CONSUMER USA HDG I	18,000	$186K	0.1%	$10.33	$10.43	—	COM	80283M101
—	ENDO INTL PLC	11,500	$179K	0.1%	$15.57	$28.15	—	SHS	G30401106
—	ATLANTIC PWR CORP	71,100	$176K	0.1%	$2.48	$2.70	—	COM NEW	04878Q863
MANU	MANCHESTER UTD PLC NEW	10,813	$172K	0.1%	$15.91	$16.15	0.0%	ORD CL A	G5784H106
—	JUMEI INTL HLDG LTD	39,506	$163K	0.1%	$4.13	$11.00	—	SPONSORED ADR	48138L107
—	ASCENA RETAIL GROUP INC	22,000	$154K	0.1%	$7.00	$9.86	—	COM	04351G101
—	RITE AID CORP	20,000	$150K	0.1%	$7.50	$7.88	—	COM	767754104
—	OCWEN FINL CORP	57,553	$98,000	0.0%	$1.70	$5.93	—	COM NEW	675746309
—	LUBYS INC	18,900	$95,000	0.0%	$5.03	$4.87	—	COM	549282101
AMD	ADVANCED MICRO DEVICES INC	17,300	$89,000	0.0%	$5.14 *	$3.89	0.0%	COM	007903107
—	CLOUD PEAK ENERGY INC	41,500	$85,000	0.0%	$2.05	$5.79	—	COM	18911Q102
—	MAGICJACK VOCALTEC LTD	12,015	$76,000	0.0%	$6.33	$8.45	—	SHS	M6787E101
—	INTREPID POTASH INC	44,819	$65,000	0.0%	$1.45	$3.60	—	COM	46121Y102
—	FORTRESS INVESTMENT GROUP LL	13,200	$58,000	0.0%	$4.39	$5.08	—	CL A	34958B106
—	CENVEO INC	26,000	$21,000	0.0%	$0.81	$2.08	—	COM	15670S105