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 10,498 175,669 SH   SOLE   175,669 0 0
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 4,822 142,708 SH   SOLE   142,708 0 0
ALTISOURCE RESIDENTIAL CORP CL B 02153W100 1,940 100,000 SH   SOLE   100,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 26,400 471,345 SH   SOLE   471,345 0 0
AUTOZONE INC COM 053332102 6,474 10,457 SH   SOLE   10,457 0 0
BARRICK GOLD CORP COM 067901108 6,314 587,367 SH   SOLE   587,367 0 0
CDW CORP COM 12514G108 15,082 428,830 SH   SOLE   428,830 0 0
CIGNA CORPORATION COM 125509109 12,041 117,009 SH   SOLE   117,009 0 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 41,756 551,308 SH   SOLE   551,308 0 0
ECHOSTAR CORP CL A 278768106 28,976 551,919 SH   SOLE   551,919 0 0
ENDO INTL PLC SHS G30401106 33,142 459,535 SH   SOLE   459,535 0 0
GILEAD SCIENCES INC COM 375558103 5,888 62,461 SH   SOLE   62,461 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 2,917 102,117 SH   SOLE   102,117 0 0
HCA HOLDINGS INC COM 40412C101 11,607 158,155 SH   SOLE   158,155 0 0
HEWLETT PACKARD CO COM 428236103 16,468 410,362 SH   SOLE   410,362 0 0
MICRON TECHNOLOGY INC COM 595112103 6,265 178,957 SH   SOLE   178,957 0 0
MICROSOFT CORP COM 594918104 17,778 382,729 SH   SOLE   382,729 0 0
NVR INC COM 62944T105 11,534 9,044 SH   SOLE   9,044 0 0
POLYONE CORP COM 73179P106 17,392 458,783 SH   SOLE   458,783 0 0
ROCKWELL AUTOMATION INC COM 773903109 11,120 100,000 SH   SOLE   100,000 0 0
SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 7,414 98,500 SH   SOLE   98,500 0 0
STEWART INFORMATION SVCS COR COM 860372101 63,434 1,712,571 SH   SOLE   1,712,571 0 0
THERAVANCE BIOPHARMA INC COM G8807B106 13,934 933,881 SH   SOLE   933,881 0 0
TIME WARNER INC COM NEW 887317303 20,202 236,500 SH   SOLE   236,500 0 0
WRIGHT MED GROUP INC COM 98235T107 24,357 906,480 SH   SOLE   906,480 0 0