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
ALLERGAN PLC SHS G0177J108 2,416 7,963 SH   OTR 1 7,963 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 905 3,100 SH   OTR 1 3,100 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 5,600 688,800 SH   OTR 1 688,800 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 8,418 173,100 SH   OTR 1 173,100 0 0
ARCH CAP GROUP LTD ORD G0450A105 21,849 326,300 SH   OTR 1 326,300 0 0
AUTOZONE INC COM 053332102 19,500 29,240 SH   OTR 1 29,240 0 0
AXALTA COATING SYS LTD COM G0750C108 7,676 232,040 SH   OTR 1 232,040 0 0
BARCLAYS BANK PLC ADR PFD SR 5 06739H362 2,739 105,342 SH   OTR 2 105,342 0 0
BARCLAYS BANK PLC ADS7.75%PFD S4 06739H511 781 30,146 SH   OTR 2 30,146 0 0
BARCLAYS BANK PLC SP ADR 7.1%PF3 06739H776 5,280 203,221 SH   OTR 2 203,221 0 0
BARD C R INC COM 067383109 580 3,400 SH   OTR 1 3,400 0 0
BED BATH & BEYOND INC COM 075896100 11,230 162,800 SH   OTR 1 162,800 0 0
BERKLEY W R CORP COM 084423102 8,548 164,600 SH   OTR 1 164,600 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 14,060 103,300 SH   OTR 1 103,300 0 0
BOSTON PROPERTIES INC COM 101121101 557 4,600 SH   OTR 1 4,600 0 0
BUNGE LIMITED COM G16962105 8,306 94,600 SH   OTR 1 94,600 0 0
CABELAS INC COM 126804301 2,768 55,380 SH   OTR 1 55,380 0 0
CERNER CORP COM 156782104 1,133 16,400 SH   OTR 1 16,400 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 15,125 25,000 SH   OTR 1 25,000 0 0
CHURCH & DWIGHT INC COM 171340102 8,511 104,900 SH   OTR 1 104,900 0 0
CIT GROUP INC COM NEW 125581801 1,488 32,000 SH   OTR 2 32,000 0 0
CITIZENS FINL GROUP INC COM 174610105 563 20,600 SH   OTR 1 20,600 0 0
CLOROX CO DEL COM 189054109 8,436 81,100 SH   OTR 1 81,100 0 0
COLGATE PALMOLIVE CO COM 194162103 8,327 127,300 SH   OTR 1 127,300 0 0
CONSOLIDATED EDISON INC COM 209115104 5,776 99,800 SH   OTR 1 99,800 0 0
CONSTELLATION BRANDS INC CL A 21036P108 1,056 9,100 SH   OTR 1 9,100 0 0
COPART INC COM 217204106 4,038 113,800 SH   OTR 1 113,800 0 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 15,443 194,320 SH   OTR 1 194,320 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 4,259 165,000 SH   OTR 1 165,000 0 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 3,286 98,800 SH   OTR 1 98,800 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 6,651 214,000 SH   OTR 1 214,000 0 0
DOLLAR TREE INC COM 256746108 16,763 212,220 SH   OTR 1 212,220 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 7,945 112,500 SH   OTR 1 112,500 0 0
EBAY INC COM 278642103 9,048 150,200 SH   OTR 1 150,200 0 0
EDISON INTL COM 281020107 7,898 142,100 SH   OTR 1 142,100 0 0
EDWARDS LIFESCIENCES CORP COM 28176E108 6,808 47,800 SH   OTR 1 47,800 0 0
ENDO INTL PLC SHS G30401106 820 10,300 SH   OTR 1 10,300 0 0
ENERGIZER HLDGS INC COM 29266R108 566 4,300 SH   OTR 1 4,300 0 0
ENTERGY CORP NEW COM 29364G103 8,580 121,700 SH   OTR 1 121,700 0 0
EVERSOURCE ENERGY COM 30040W108 7,093 156,200 SH   OTR 1 156,200 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 3,554 39,964 SH   OTR 1 39,964 0 0
FISERV INC COM 337738108 27,591 333,100 SH   OTR 1 333,100 0 0
FITBIT INC CL A 33812L102 123,102 3,220,047 SH   SOLE   3,220,047 0 0
FMC TECHNOLOGIES INC COM 30249U101 4,805 115,800 SH   OTR 1 115,800 0 0
FOSSIL GROUP INC COM 34988V106 3,274 47,200 SH   OTR 1 47,200 0 0
GLOBALSTAR INC COM 378973408 8,766 4,154,400 SH   SOLE   4,154,400 0 0
GOOGLE INC CL A 38259P508 756 1,400 SH   OTR 1 1,400 0 0
GOOGLE INC CL C 38259P706 9,568 18,382 SH   OTR 1 18,382 0 0
HASBRO INC COM 418056107 2,438 32,600 SH   OTR 1 32,600 0 0
HCP INC COM 40414L109 7,903 216,700 SH   OTR 1 216,700 0 0
IDEXX LABS INC COM 45168D104 3,207 50,000 SH   OTR 1 50,000 0 0
IHS INC CL A 451734107 5,595 43,500 SH   OTR 1 43,500 0 0
ISHARES IBOXX HI YD ETF 464288513 34,721 391,000 SH Put OTR 3 391,000 0 0
ISHARES TR 20+ YR TR BD ETF 464287432 43,073 366,700 SH Put OTR 3 366,700 0 0
KIMBERLY CLARK CORP COM 494368103 8,308 78,400 SH   OTR 1 78,400 0 0
KIRBY CORP COM 497266106 3,925 51,200 SH   OTR 1 51,200 0 0
KLX INC COM 482539103 174 3,950 SH   OTR 1 3,950 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 15,490 127,782 SH   OTR 1 127,782 0 0
LKQ CORP COM 501889208 795 26,300 SH   OTR 1 26,300 0 0
LULULEMON ATHLETICA INC COM 550021109 2,129 32,600 SH   OTR 1 32,600 0 0
MARKEL CORP COM 570535104 19,697 24,600 SH   OTR 1 24,600 0 0
MCCORMICK & CO INC COM NON VTG 579780206 7,026 86,800 SH   OTR 1 86,800 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105 1,735 5,080 SH   OTR 1 5,080 0 0
MICHAEL KORS HLDGS LTD SHS G60754101 2,138 50,800 SH   OTR 1 50,800 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 2,130 115,900 SH   OTR 1 115,900 0 0
NORDSTROM INC COM 655664100 7,934 106,500 SH   OTR 1 106,500 0 0
NVR INC COM 62944T105 8,040 6,000 SH   OTR 1 6,000 0 0
PANERA BREAD CO CL A 69840W108 16,299 93,260 SH   OTR 1 93,260 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 3,415 210,700 SH   OTR 1 210,700 0 0
PLUM CREEK TIMBER CO INC COM 729251108 7,992 197,000 SH   OTR 1 197,000 0 0
POST HLDGS INC COM 737446104 1,114 20,650 SH   OTR 1 20,650 0 0
PREMIER INC CL A 74051N102 3,784 98,380 SH   OTR 1 98,380 0 0
QUALCOMM INC COM 747525103 72,552 1,158,418 SH   SOLE   1,158,418 0 0
RALPH LAUREN CORP CL A 751212101 1,853 14,000 SH   OTR 1 14,000 0 0
RAYONIER INC COM 754907103 4,568 178,800 SH   OTR 1 178,800 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 5,614 55,300 SH   OTR 1 55,300 0 0
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF T 780097713 19,589 772,148 SH   OTR 2 772,148 0 0
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 1,407 56,400 SH   OTR 2 56,400 0 0
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF M 780097796 1,358 54,500 SH   OTR 2 54,500 0 0
ROYAL BK SCOTLAND GROUP PLC SPON ADR SER H 780097879 5,429 213,067 SH   OTR 2 213,067 0 0
SALLY BEAUTY HLDGS INC COM 79546E104 7,306 231,360 SH   OTR 1 231,360 0 0
SBA COMMUNICATIONS CORP COM 78388J106 14,153 123,100 SH   OTR 1 123,100 0 0
SCHEIN HENRY INC COM 806407102 14,866 104,600 SH   OTR 1 104,600 0 0
SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 7,786 119,100 SH   OTR 1 119,100 0 0
SOUTHERN CO COM 842587107 8,112 193,600 SH   OTR 1 193,600 0 0
STERICYCLE INC COM 858912108 15,051 112,400 SH   OTR 1 112,400 0 0
SYSCO CORP COM 871829107 3,642 100,900 SH   OTR 1 100,900 0 0
URBAN OUTFITTERS INC COM 917047102 7,414 211,840 SH   OTR 1 211,840 0 0
VARIAN MED SYS INC COM 92220P105 12,548 148,800 SH   OTR 1 148,800 0 0
VERISK ANALYTICS INC COM 92345Y106 902 12,400 SH   OTR 1 12,400 0 0
WATERS CORP COM 941848103 4,570 35,600 SH   OTR 1 35,600 0 0
WHOLE FOODS MKT INC COM 966837106 1,282 32,500 SH   OTR 1 32,500 0 0
XCEL ENERGY INC COM 98389B100 8,199 254,800 SH   OTR 1 254,800 0 0
XL GROUP PLC SHS G98290102 5,788 155,600 SH   OTR 1 155,600 0 0