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
ABB LTD SPONSORED ADR 000375204 9,796 552,519 SH   SOLE   552,519 0 0
AIR PRODS & CHEMS INC COM 009158106 11,945 91,808 SH   SOLE   91,808 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 11,843 457,454 SH   SOLE   457,454 0 0
AMERICAN CAP LTD COM 02503Y103 10,763 780,517 SH   SOLE   780,517 0 0
ARMSTRONG WORLD INDS INC NEW COM 04247X102 10,525 230,155 SH   SOLE   230,155 0 0
BAXTER INTL INC COM 071813109 10,383 272,157 SH   SOLE   272,157 0 0
BRINKS CO COM 109696104 11,280 390,859 SH   SOLE   390,859 0 0
CABELAS INC COM 126804301 10,688 228,712 SH   SOLE   228,712 0 0
CANADIAN PAC RY LTD COM 13645T100 13,404 105,045 SH   SOLE   105,045 0 0
CBRE GROUP INC CL A 12504L109 16,763 484,755 SH   SOLE   484,755 0 0
CHENIERE ENERGY INC COM NEW 16411R208 6,275 168,469 SH   SOLE   168,469 0 0
CHICOS FAS INC COM 168615102 5,787 542,322 SH   SOLE   542,322 0 0
CITRIX SYS INC COM 177376100 8,131 107,476 SH   SOLE   107,476 0 0
CONAGRA FOODS INC COM 205887102 9,969 236,445 SH   SOLE   236,445 0 0
DARDEN RESTAURANTS INC COM 237194105 15,909 249,984 SH   SOLE   249,984 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 14,850 428,328 SH   SOLE   428,328 0 0
GANNETT CO INC COM 36473H104 1,947 119,546 SH   SOLE   119,546 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 7,302 513,151 SH   SOLE   513,151 0 0
HOWARD HUGHES CORP COM 44267D107 18,097 159,922 SH   SOLE   159,922 0 0
INTERPUBLIC GROUP COS INC COM 460690100 12,526 538,056 SH   SOLE   538,056 0 0
LPL FINL HLDGS INC COM 50212V100 9,748 228,548 SH   SOLE   228,548 0 0
MANITOWOC INC COM 563571108 5,331 347,269 SH   SOLE   347,269 0 0
MONDELEZ INTL INC CL A 609207105 10,930 243,755 SH   SOLE   243,755 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 7,781 113,678 SH   SOLE   113,678 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 7,976 401,016 SH   SOLE   401,016 0 0
PENTAIR PLC SHS G7S00T104 7,240 146,173 SH   SOLE   146,173 0 0
POLYCOM INC COM 73172K104 7,058 560,615 SH   SOLE   560,615 0 0
PROGRESSIVE WASTE SOLUTIONS COM 74339G101 7,871 334,221 SH   SOLE   334,221 0 0
SOTHEBYS COM 835898107 4,162 161,572 SH   SOLE   161,572 0 0
TEGNA INC COM 87901J105 6,102 239,092 SH   SOLE   239,092 0 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 7,636 280,425 SH   SOLE   280,425 0 0
VEREIT INC COM 92339V100 6,918 873,499 SH   SOLE   873,499 0 0
WILLIAMS COS INC DEL COM 969457100 5,709 222,157 SH   SOLE   222,157 0 0
ZOETIS INC CL A 98978V103 15,329 319,885 SH   SOLE   319,885 0 0