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
ALASKA AIR GROUP INC COM 011659109 4,130 43,451 SH   SOLE   43,451 0 0
ALERE INC COM 01449J105 24,326 650,068 SH   SOLE   650,068 0 0
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 32,235 281,329 SH   SOLE   281,329 0 0
CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 37,898 239,288 SH   SOLE   239,288 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 10,743 316,247 SH   SOLE   316,247 0 0
HEMISPHERE MEDIA GROUP INC CL A 42365Q103 9,428 750,635 SH   SOLE   750,635 0 0
HIGHER ONE HLDGS INC COM 42983D104 5,682 1,491,339 SH   SOLE   1,491,339 0 0
INTERACTIVE BROKERS GROUP IN COM 45841N107 74,043 3,179,193 SH   SOLE   3,179,193 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 13,062 295,395 SH   SOLE   295,395 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 13,852 327,395 SH   SOLE   327,395 0 0
NEXSTAR BROADCASTING GROUP I CL A 65336K103 23,562 456,542 SH   SOLE   456,542 0 0
OCWEN FINL CORP COM NEW 675746309 1,024 27,604 SH   SOLE   27,604 0 0
PBF ENERGY INC CL A 69318G106 8,689 326,036 SH   SOLE   326,036 0 0
POST HLDGS INC COM 737446104 36,154 710,152 SH   SOLE   710,152 0 0
PRESTIGE BRANDS HLDGS INC COM 74112D101 26,857 792,485 SH   SOLE   792,485 0 0
QUALITY DISTR INC FLA COM 74756M102 826 55,584 SH   SOLE   55,584 0 0
UNITED RENTALS INC COM 911363109 41,530 396,548 SH   SOLE   396,548 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 28,111 222,890 SH   SOLE   222,890 0 0