The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALLY FINL INC COM 02005N100 10,413 396,395 SH   SOLE 396,395 0 0
ALPHABET INC CAP STK CL C 02079k107 16,958 15,200 SH   SOLE 15,200 0 0
BAIDU INC SPON ADR REP A 056752108 7,193 29,600 SH   SOLE 29,600 0 0
BANC OF CALIFORNIA INC COM 05990K106 1,295 66,252 SH   SOLE 66,252 0 0
BANK OF THE OZARKS COM 063904106 4,314 95,775 SH   SOLE 95,775 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 3,102 11 SH   SOLE 11 0 0
BRIDGEPOINT ED INC COM 10807M105 317 48,587 SH   SOLE 48,587 0 0
CAREER EDUCATION CORP COM 141665109 13,356 825,977 SH   SOLE 825,977 0 0
EXPEDIA GROUP INC COM NEW 30212P303 5,288 43,999 SH   SOLE 43,999 0 0
FACEBOOK INC CL A 30303M102 11,433 58,834 SH   SOLE 58,834 0 0
HOSTESS BRANDS INC CL A 44109J106 4,359 320,541 SH   SOLE 320,541 0 0
HOSTESS BRANDS INC *W EXP 11/04/202 44109J114 746 436,486 SH   SOLE 436,486 0 0
JPMORGAN CHASE & CO COM 46625H100 3,118 29,922 SH   SOLE 29,922 0 0
LIBERTY EXPEDIA HOLDINGS SER A COM 53046P109 1,222 27,800 SH   SOLE 27,800 0 0
MIDSOUTH BANCORP INC COM 598039105 270 20,369 SH   SOLE 20,369 0 0
OPUS BK IRVINE CALIF COM 684000102 207 7,200 SH   SOLE 7,200 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 1,712 27,903 SH   SOLE 27,903 0 0
SYMANTEC CORP COM 871503108 1,360 65,842 SH   SOLE 65,842 0 0