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
ADVANCED DRAIN SYS INC DEL COM 00790R104 28,840 1,255,000 SH   SOLE N/A 1,255,000 0 0
ALASKA AIR GROUP INC COM 011659109 281,013 4,702,364 SH   SOLE N/A 4,702,364 0 0
ALLEGIANT TRAVEL CO COM 01748X102 34,922 232,299 SH   SOLE N/A 232,299 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 221,224 4,125,000 SH   SOLE N/A 4,125,000 0 0
ANADARKO PETE CORP COM 032511107 9,277 112,444 SH   SOLE N/A 112,444 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 22,233 440,000 SH   SOLE N/A 440,000 0 0
ASHFORD HOSPITALITY PRIME IN COM 044102101 3,883 226,258 SH   SOLE N/A 226,258 0 0
BONANZA CREEK ENERGY INC COM 097793103 2,229 92,892 SH   SOLE N/A 92,892 0 0
BOYD GAMING CORP COM 103304101 106,880 8,363,055 SH   SOLE N/A 8,363,055 0 0
CANADIAN PAC RY LTD COM 13645T100 44,319 230,000 SH   SOLE N/A 230,000 0 0
CHEGG INC COM 163092109 51,825 7,500,000 SH   SOLE N/A 7,500,000 0 0
CHURCHILL DOWNS INC COM 171484108 122,608 1,286,544 SH   SOLE N/A 1,286,544 0 0
CIVITAS SOLUTIONS INC COM 17887R102 3,840 225,500 SH   SOLE N/A 225,500 0 0
CONTROLADORA VUELA CIA DE AV SPON ADR RP 10 21240E105 7,837 868,808 SH   SOLE N/A 868,808 0 0
COPA HOLDINGS SA CL A P31076105 12,955 125,000 SH   SOLE N/A 125,000 0 0
COSTAR GROUP INC COM 22160N109 9,218 50,200 SH   SOLE N/A 50,200 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 562,045 11,426,009 SH   SOLE N/A 11,426,009 0 0
DOVER MOTORSPORTS INC COM 260174107 1,754 671,931 SH   SOLE N/A 671,931 0 0
EAGLE MATERIALS INC COM 26969P108 10,614 139,600 SH   SOLE N/A 139,600 0 0
ELDORADO RESORTS INC COM 28470R102 15,177 3,747,305 SH   SOLE N/A 3,747,305 0 0
ELONG INC SPONSORED ADR 290138205 15,508 864,214 SH   SOLE N/A 864,214 0 0
EVINE LIVE INC CL A 300487105 23,476 3,562,300 SH   SOLE N/A 3,562,300 0 0
EXPEDIA INC DEL COM NEW 30212P303 294,902 3,454,800 SH   SOLE N/A 3,454,800 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 3,961 76,000 SH   SOLE N/A 76,000 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 12,614 540,000 SH   SOLE N/A 540,000 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 110,255 3,757,826 SH   SOLE N/A 3,757,826 0 0
GENERAL MTRS CO COM 37045V100 49,522 1,418,550 SH   SOLE N/A 1,418,550 0 0
GENESEE & WYO INC CL A 371559105 16,310 181,382 SH   SOLE N/A 181,382 0 0
GLOBAL EAGLE ACQUISITION COR COM 37951D102 394,432 28,981,072 SH   SOLE N/A 28,981,072 0 0
GREENBRIER COS INC COM 393657101 91,003 1,693,700 SH   SOLE N/A 1,693,700 0 0
INTERCONTINENTALEXCHANGE GRO COM 45866F104 12,609 57,500 SH   SOLE N/A 57,500 0 0
INVESCO LTD SHS G491BT108 19,760 500,000 SH   SOLE N/A 500,000 0 0
ISLE OF CAPRI CASINOS INC COM 464592104 7,825 934,839 SH   SOLE N/A 934,839 0 0
JPMORGAN CHASE & CO COM 46625H100 1,252 20,000 SH   SOLE N/A 20,000 0 0
LAKES ENTMNT INC COM NEW 51206P208 4,426 658,457 SH   SOLE N/A 658,457 0 0
LAS VEGAS SANDS CORP COM 517834107 8,724 150,000 SH   SOLE N/A 150,000 0 0
MAGELLAN HEALTH SVCS INC COM NEW 559079207 24,186 402,900 SH   SOLE N/A 402,900 0 0
MASONITE INTL CORP NEW COM 575385109 13,951 227,000 SH   SOLE N/A 227,000 0 0
MELCO CROWN ENTMT LTD ADR 585464100 113,119 4,453,519 SH   SOLE N/A 4,453,519 0 0
MUELLER INDS INC COM 624756102 14,100 413,000 SH   SOLE N/A 413,000 0 0
NEWFIELD EXPL CO COM 651290108 2,712 100,000 SH   SOLE N/A 100,000 0 0
ORBITZ WORLDWIDE INC COM 68557K109 135,795 16,500,000 SH   SOLE N/A 16,500,000 0 0
OWENS CORNING NEW COM 690742101 40,636 1,134,762 SH   SOLE N/A 1,134,762 0 0
PENN NATL GAMING INC COM 707569109 107,908 7,859,300 SH   SOLE N/A 7,859,300 0 0
PGT INC COM 69336V101 9,641 1,001,172 SH   SOLE N/A 1,001,172 0 0
PINNACLE ENTMT INC COM 723456109 24,241 1,089,466 SH   SOLE N/A 1,089,466 0 0
POZEN INC COM 73941U102 30,910 3,863,699 SH   SOLE N/A 3,863,699 0 0
PRICELINE COM INC COM NEW 741503403 106,040 93,000 SH   SOLE N/A 93,000 0 0
PROVIDENCE SVC CORP COM 743815102 2,529 69,400 SH   SOLE N/A 69,400 0 0
PURECYCLE CORP COM NEW 746228303 23,932 5,982,970 SH   SOLE N/A 5,982,970 0 0
QUNAR CAYMAN IS LTD SPNS ADR CL B 74906P104 72,821 2,561,416 SH   SOLE N/A 2,561,416 0 0
RITE AID CORP COM 767754104 51,481 6,845,922 SH   SOLE N/A 6,845,922 0 0
RMG NETWORKS HLDG CORP COM 74966K102 1,390 1,112,293 SH   SOLE N/A 1,112,293 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 39,054 3,067,900 SH   SOLE N/A 3,067,900 0 0
SOUTHWEST AIRLS CO COM 844741108 227,153 5,367,500 SH   SOLE N/A 5,367,500 0 0
SPIRIT AIRLS INC COM 848577102 83,138 1,100,000 SH   SOLE N/A 1,100,000 0 0
STATE STR CORP COM 857477103 3,925 50,000 SH   SOLE N/A 50,000 0 0
STIFEL FINL CORP COM 860630102 5,102 100,000 SH   SOLE N/A 100,000 0 0
STONE ENERGY CORP COM 861642106 37,146 2,200,600 SH   SOLE N/A 2,200,600 0 0
TRIPADVISOR INC COM 896945201 156,341 2,094,042 SH   SOLE N/A 2,094,042 0 0
TRUECAR INC COM 89785L107 3,915 170,951 SH   SOLE N/A 170,951 0 0
UNITED CONTL HLDGS INC COM 910047109 120,736 1,805,000 SH   SOLE N/A 1,805,000 0 0
UNITED RENTALS INC COM 911363109 96,380 944,813 SH   SOLE N/A 944,813 0 0
VANTIV INC CL A 92210H105 1,187 35,000 SH   SOLE N/A 35,000 0 0
VIGGLE INC COM NEW 92672V204 3,630 1,375,000 SH   SOLE N/A 1,375,000 0 0
VIRGIN AMER INC COM VTG 92765X208 93,042 2,264,492 SH   SOLE N/A 2,264,492 0 0
VIRTUS INVT PARTNERS INC COM 92828Q109 3,410 20,000 SH   SOLE N/A 20,000 0 0
VISA INC COM CL A 92826C839 15,732 60,000 SH   SOLE N/A 60,000 0 0
WELLCARE HEALTH PLANS INC COM 94946T106 41,030 500,000 SH   SOLE N/A 500,000 0 0
WEX INC COM 96208T104 4,748 48,000 SH   SOLE N/A 48,000 0 0