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
ALLSTATE CORP COM 020002101 31,049 418,900 SH   SOLE   418,900 0 0
ANTHEM INC COM 036752103 575 4,000 SH   SOLE   4,000 0 0
ASSURED GUARANTY LTD COM G0585R106 33,468 886,100 SH   SOLE   886,100 0 0
BANK MONTREAL QUE COM 063671101 28,338 394,000 SH   SOLE   394,000 0 0
CAN-FITE BIOPHARMA LTD SPONSORED ADR 13471N102 1,895 796,500 SH   SOLE   796,500 0 0
CATERPILLAR INC DEL COM 149123101 445 4,800 SH   SOLE   4,800 0 0
CISCO SYS INC COM 17275R102 541 17,900 SH   SOLE   17,900 0 0
CLIFFS NAT RES INC COM 18683K101 230 27,400 SH   SOLE   27,400 0 0
CSX CORP COM 126408103 15,996 445,200 SH   SOLE   445,200 0 0
D R HORTON INC COM 23331A109 468 17,100 SH   SOLE   17,100 0 0
ENBRIDGE INC COM 29250N105 3,009 71,500 SH   SOLE   71,500 0 0
ENCANA CORP COM 292505104 29,214 2,488,900 SH   SOLE   2,488,900 0 0
HONEYWELL INTL INC COM 438516106 2,305 19,900 SH   SOLE   19,900 0 0
HUDBAY MINERALS INC COM 443628102 2,693 470,800 SH   SOLE   470,800 0 0
JPMORGAN CHASE & CO COM 46625H100 837 9,700 SH   SOLE   9,700 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 4,866 37,900 SH   SOLE   37,900 0 0
MAGNA INTL INC COM 559222401 35,749 823,700 SH   SOLE   823,700 0 0
MCKESSON CORP COM 58155Q103 23,891 170,100 SH   SOLE   170,100 0 0
MDC PARTNERS INC CL A SUB VTG 552697104 10,818 1,651,621 SH   SOLE   1,651,621 0 0
OWENS CORNING NEW COM 690742101 531 10,300 SH   SOLE   10,300 0 0
RAYONIER INC COM 754907103 484 18,200 SH   SOLE   18,200 0 0
REGIONS FINL CORP NEW COM 7591EP100 19,497 1,357,700 SH   SOLE   1,357,700 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 15,464 228,500 SH   SOLE   228,500 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 6,268 76,400 SH   SOLE   76,400 0 0
SEALED AIR CORP NEW COM 81211K100 15,885 350,350 SH   SOLE   350,350 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 27,776 563,200 SH   SOLE   563,200 0 0
VISA INC COM CL A 92826C839 1,248 16,000 SH   SOLE   16,000 0 0
WHIRLPOOL CORP COM 963320106 29,120 160,200 SH   SOLE   160,200 0 0