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
ALPHABET INC CAP STK CL A 02079K305 5,345 4,428 SH   SOLE   4,428 0 0
ALPHABET INC CAP STK CL A 02079K305 2,825 2,340 SH   OTR 1 0 2,340 0
ALTICE USA INC CL A 02156K103 3,492 192,519 SH   SOLE   192,519 0 0
ALTICE USA INC CL A 02156K103 2,619 144,383 SH   OTR 1 0 144,383 0
AMAZON COM INC COM 023135106 2,692 1,344 SH   SOLE   1,344 0 0
AMAZON COM INC COM 023135106 1,430 714 SH   OTR 1 0 714 0
AMERICAN AIRLS GROUP INC COM 02376R102 4,197 101,547 SH   SOLE   101,547 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 2,231 53,980 SH   OTR 1 0 53,980 0
BJS WHSL CLUB HLDGS INC COM 05550J101 1,377 51,428 SH   SOLE   51,428 0 0
BJS WHSL CLUB HLDGS INC COM 05550J101 1,033 38,572 SH   OTR 1 0 38,572 0
BRAEMAR HOTELS & RESORTS INC COM 10482B101 2,892 245,679 SH   SOLE   245,679 0 0
BRAEMAR HOTELS & RESORTS INC COM 10482B101 1,002 85,107 SH   OTR 1 0 85,107 0
CAESARS ENTMT CORP COM 127686103 5,769 562,872 SH   SOLE   562,872 0 0
CAESARS ENTMT CORP COM 127686103 2,988 291,491 SH   OTR 1 0 291,491 0
CBS CORP NEW CL B 124857202 5,660 98,520 SH   SOLE   98,520 0 0
CBS CORP NEW CL B 124857202 2,985 51,956 SH   OTR 1 0 51,956 0
CHURCHILL DOWNS INC COM 171484108 6,056 21,809 SH   SOLE   21,809 0 0
CHURCHILL DOWNS INC COM 171484108 3,285 11,828 SH   OTR 1 0 11,828 0
CONAGRA BRANDS INC COM 205887102 2,305 67,858 SH   SOLE   67,858 0 0
CONAGRA BRANDS INC COM 205887102 1,729 50,892 SH   OTR 1 0 50,892 0
DELTA AIR LINES INC DEL COM NEW 247361702 5,672 98,085 SH   SOLE   98,085 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 3,002 51,915 SH   OTR 1 0 51,915 0
ELDORADO RESORTS INC COM 28470R102 2,077 42,733 SH   SOLE   42,733 0 0
ELDORADO RESORTS INC COM 28470R102 981 20,195 SH   OTR 1 0 20,195 0
ENERGIZER HLDGS INC NEW COM 29272W109 2,398 40,890 SH   SOLE   40,890 0 0
ENERGIZER HLDGS INC NEW COM 29272W109 1,264 21,546 SH   OTR 1 0 21,546 0
FACEBOOK INC CL A 30303M102 4,031 24,511 SH   SOLE   24,511 0 0
FACEBOOK INC CL A 30303M102 2,136 12,989 SH   OTR 1 0 12,989 0
FACEBOOK INC CL A 30303M102 2,154 13,100 SH Call SOLE   13,100 0 0
FACEBOOK INC CL A 30303M102 1,135 6,900 SH Call OTR 1 0 6,900 0
GAMING & LEISURE PPTYS INC COM 36467J108 10,094 286,356 SH   SOLE   286,356 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 5,512 156,369 SH   OTR 1 0 156,369 0
HARLEY DAVIDSON INC COM 412822108 3,056 67,464 SH   SOLE   67,464 0 0
HARLEY DAVIDSON INC COM 412822108 1,626 35,891 SH   OTR 1 0 35,891 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 4,009 202,998 SH   SOLE   202,998 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 2,113 107,002 SH   OTR 1 0 107,002 0
MICHAEL KORS HLDGS LTD SHS G60754101 3,175 46,305 SH   SOLE   46,305 0 0
MICHAEL KORS HLDGS LTD SHS G60754101 1,673 24,403 SH   OTR 1 0 24,403 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 2,486 30,540 SH   SOLE   30,540 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 1,864 22,903 SH   OTR 1 0 22,903 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104 6,521 113,549 SH   SOLE   113,549 0 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104 3,311 57,661 SH   OTR 1 0 57,661 0
PAPA JOHNS INTL INC COM 698813102 4,545 88,635 SH   SOLE   88,635 0 0
PAPA JOHNS INTL INC COM 698813102 2,405 46,892 SH   OTR 1 0 46,892 0
PARTY CITY HOLDCO INC COM 702149105 3,989 294,420 SH   SOLE   294,420 0 0
PARTY CITY HOLDCO INC COM 702149105 2,108 155,580 SH   OTR 1 0 155,580 0
PAYPAL HLDGS INC COM 70450Y103 2,546 28,979 SH   SOLE   28,979 0 0
PAYPAL HLDGS INC COM 70450Y103 1,342 15,277 SH   OTR 1 0 15,277 0
PENN NATL GAMING INC COM 707569109 1,545 46,917 SH   SOLE   46,917 0 0
PENN NATL GAMING INC COM 707569109 814 24,730 SH   OTR 1 0 24,730 0
RLJ LODGING TR COM 74965L101 12,088 548,684 SH   SOLE   548,684 0 0
RLJ LODGING TR COM 74965L101 6,823 309,698 SH   OTR 1 0 309,698 0
SEAWORLD ENTMT INC COM 81282V100 1,684 53,579 SH   SOLE   53,579 0 0
SEAWORLD ENTMT INC COM 81282V100 955 30,388 SH   OTR 1 0 30,388 0
SOTHEBYS COM 835898107 4,859 98,788 SH   SOLE   98,788 0 0
SOTHEBYS COM 835898107 2,378 48,347 SH   OTR 1 0 48,347 0
SPIRIT AIRLS INC COM 848577102 2,634 56,071 SH   SOLE   56,071 0 0
SPIRIT AIRLS INC COM 848577102 1,396 29,722 SH   OTR 1 0 29,722 0
TEMPUR SEALY INTL INC COM 88023U101 1,693 32,000 SH Call SOLE   32,000 0 0
TEMPUR SEALY INTL INC COM 88023U101 1,217 23,000 SH Call OTR 1 0 23,000 0
TRIBUNE MEDIA CO CL A 896047503 4,187 108,953 SH   SOLE   108,953 0 0
TRIBUNE MEDIA CO CL A 896047503 2,461 64,048 SH   OTR 1 0 64,048 0
TYSON FOODS INC CL A 902494103 5,748 96,548 SH   SOLE   96,548 0 0
TYSON FOODS INC CL A 902494103 3,031 50,909 SH   OTR 1 0 50,909 0
WYNN RESORTS LTD COM 983134107 4,937 38,852 SH   SOLE   38,852 0 0
WYNN RESORTS LTD COM 983134107 2,606 20,507 SH   OTR 1 0 20,507 0
WYNN RESORTS LTD COM 983134107 855 6,700 SH Call SOLE   6,700 0 0
WYNN RESORTS LTD COM 983134107 472 3,700 SH Call OTR 1 0 3,700 0
ZILLOW GROUP INC CL C CAP STK 98954M200 1,739 39,294 SH   SOLE   39,294 0 0
ZILLOW GROUP INC CL C CAP STK 98954M200 916 20,706 SH   OTR 1 0 20,706 0