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
THE ADT CORPORATION COM 00101J106 6,141 205,050 SH   SOLE   205,050 0 0
AEP INDS INC COM 001031103 34,360 926,140 SH   SOLE   926,140 0 0
AGCO CORP COM 001084102 10,246 185,756 SH   SOLE   185,756 0 0
ALTRIA GROUP INC COM 02209S103 797 21,300 SH   SOLE   21,300 0 0
AVIS BUDGET GROUP COM 053774105 7,675 157,589 SH   SOLE   157,589 0 0
BARRICK GOLD CORP COM 067901108 6,882 386,000 SH   SOLE   386,000 0 0
BROOKDALE SR LIVING INC COM 112463104 3,257 97,192 SH   SOLE   97,192 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 958 56,800 SH   SOLE   56,800 0 0
CAMPBELL SOUP CO COM 134429109 1,014 22,600 SH   SOLE   22,600 0 0
CHEMTURA CORP COM NEW 163893209 506 20,000 SH   SOLE   20,000 0 0
CHESAPEAKE ENERGY CORP COM 165167107 456 17,800 SH   SOLE   17,800 0 0
CLIFFS NAT RES INC COM 18683K101 7,147 349,311 SH   SOLE   349,311 0 0
COCA COLA CO COM 191216100 1,276 33,000 SH   SOLE   33,000 0 0
CONOCOPHILLIPS COM 20825C104 1,161 16,500 SH   SOLE   16,500 0 0
DANA HLDG CORP COM 235825205 9,373 402,772 SH   SOLE   402,772 0 0
DOW CHEM CO COM 260543103 1,871 38,500 SH   SOLE   38,500 0 0
EMERSON ELEC CO COM 291011104 1,336 20,000 SH   SOLE   20,000 0 0
EMERITUS CORP COM 291005106 1,132 36,000 SH   SOLE   36,000 0 0
FERRO CORP COM 315405100 4,093 299,632 SH   SOLE   299,632 0 0
GAMESTOP CORP NEW CL A 36467W109 8,216 199,900 SH   SOLE   199,900 0 0
GAP INC DEL COM 364760108 9,915 247,500 SH   SOLE   247,500 0 0
GENERAL ELECTRIC CO COM 369604103 9,688 374,200 SH   SOLE   374,200 0 0
GENERAL MTRS CO COM 37045V100 13,076 379,900 SH   SOLE   379,900 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101 5,479 539,300 SH   SOLE   539,300 0 0
HOME DEPOT INC COM 437076102 1,717 21,700 SH   SOLE   21,700 0 0
INTEL CORP COM 458140100 1,058 41,000 SH   SOLE   41,000 0 0
JOHNSON & JOHNSON COM 478160104 1,306 13,300 SH   SOLE   13,300 0 0
KLA-TENCOR CORP COM 482480100 1,106 16,000 SH   SOLE   16,000 0 0
LINEAR TECHNOLOGY CORP COM 535678106 1,349 27,700 SH   SOLE   27,700 0 0
MCDONALDS CORP COM 580135101 1,323 13,500 SH   SOLE   13,500 0 0
MICROSOFT CORP COM 594918104 1,435 35,000 SH   SOLE   35,000 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 11,451 178,113 SH   SOLE   178,113 0 0
OWENS ILL INC COM NEW 690768403 10,156 300,193 SH   SOLE   300,193 0 0
PEPSICO INC COM 713448108 1,144 13,700 SH   SOLE   13,700 0 0
PINNACLE ENTMT INC COM 723456109 8,718 367,846 SH   SOLE   367,846 0 0
PITNEY BOWES INC COM 724479100 988 38,000 SH   SOLE   38,000 0 0
PROCTER & GAMBLE CO COM 742718109 1,306 16,200 SH   SOLE   16,200 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 43,770 354,100 SH Call SOLE   354,100 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 9,500 116,399 SH   SOLE   116,399 0 0
TYCO INTERNATIONAL LTD SHS H89128104 1,128 26,600 SH   SOLE   26,600 0 0
TYSON FOODS INC CL A 902494103 8,862 201,371 SH   SOLE   201,371 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,227 10,500 SH   SOLE   10,500 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 304 6,400 SH   SOLE   6,400 0 0