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
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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
TEGNA INC Equity 87901J105 2,573 193,048 SH   SOLE   193,048 0 0
ORBITAL ATK INC Equity 68557N103 15,334 115,153 SH   SOLE   115,153 0 0
GRAY TELEVISION INC Equity 389375106 4,507 287,055 SH   SOLE   287,055 0 0
DONNELLEY FINL SOLUTIONS INC Equity 25787G100 2,902 134,615 SH   SOLE   134,615 0 0
NATIONAL CINEMEDIA INC Equity 635309107 4,656 667,110 SH   SOLE   667,110 0 0
EXA CORP Equity 300614500 5,498 227,397 SH   SOLE   227,397 0 0
NXP SEMICONDUCTORS N V Equity N6596X109 54,432 481,315 SH   SOLE   481,315 0 0
B RILEY FINL INC Equity 05580M108 1,539 59,483 SH   SOLE   59,483 0 0
ADVISORY BRD CO Equity 00762W107 12,905 240,653 SH   SOLE   240,653 0 0
POTBELLY CORP Equity 73754Y100 12,352 996,130 SH   SOLE   996,130 0 0
KITE PHARMA INC Equity 49803L109 30,694 170,701 SH   SOLE   170,701 0 0
MMA CAP MGMT LLC Equity 55315D105 983 39,257 SH   SOLE   39,257 0 0
D R HORTON INC Equity 23331A109 7,551 189,097 SH   SOLE   189,097 0 0
OUTFRONT MEDIA INC Equity 69007J106 3,753 149,039 SH   SOLE   149,039 0 0
RICE ENERGY INC Equity 762760106 28,077 970,184 SH   SOLE   970,184 0 0
NEURODERM LTD Equity M74231107 16,446 422,771 SH   SOLE   422,771 0 0
LIBERTY GLOBAL PLC Equity G5480U138 11,029 464,167 SH   SOLE   464,167 0 0
TWENTY FIRST CENTY FOX INC Equity 90130A101 7,695 291,700 SH   SOLE   291,700 0 0
PARKWAY INC Equity 70156Q107 1,565 67,974 SH   SOLE   67,974 0 0
ATLANTICA YIELD PLC Equity G0751N103 6,451 327,454 SH   SOLE   327,454 0 0
HSN INC Equity 404303109 2,978 76,269 SH   SOLE   76,269 0 0
PACIFIC CONTINENTAL CORP Equity 69412V108 5,944 220,541 SH   SOLE   220,541 0 0
IMAX CORP Equity 45245E109 10,670 471,097 SH   SOLE   471,097 0 0
BERKSHIRE HATHAWAY INC DEL Equity 084670108 12,638 46 SH   SOLE   46 0 0
TTM TECHNOLOGIES INC Equity 87305R109 2,157 140,356 SH   SOLE   140,356 0 0
WESTERN REFNG LOGISTICS LP Equity 95931Q205 15,264 591,633 SH   SOLE   591,633 0 0
LORAL SPACE & COMMUNICATNS I Equity 543881106 8,902 179,831 SH   SOLE   179,831 0 0
STRAIGHT PATH COMMUNICATNS I Equity 862578101 11,160 61,769 SH   SOLE   61,769 0 0
FIRST POTOMAC RLTY TR Equity 33610F109 673 60,426 SH   SOLE   60,426 0 0
AMERISOURCEBERGEN CORP Equity 03073E105 3,437 41,532 SH   SOLE   41,532 0 0
NEXSTAR MEDIA GROUP INC Equity 65336K103 11,315 181,629 SH   SOLE   181,629 0 0
BEACON ROOFING SUPPLY INC Equity 073685109 4,299 83,883 SH   SOLE   83,883 0 0
BLACKHAWK NETWORK HLDGS INC Equity 09238E104 7,647 174,583 SH   SOLE   174,583 0 0
DRIVE SHACK INC Equity 262077100 3,212 889,804 SH   SOLE   889,804 0 0
AERCAP HOLDINGS NV Equity N00985106 8,153 159,526 SH   SOLE   159,526 0 0
DOMINION DIAMOND CORP Equity 257287102 15,702 1,107,326 SH   SOLE   1,107,326 0 0
KINGSWAY FINL SVCS INC Equity 496904202 4,581 750,927 SH   SOLE   750,927 0 0
MARCUS & MILLICHAP INC Equity 566324109 6,469 239,679 SH   SOLE   239,679 0 0
SILVER SPRING NETWORKS INC Equity 82817Q103 13,039 806,393 SH   SOLE   806,393 0 0
RESOURCE CAP CORP Equity 76120W708 14,651 1,359,095 SH   SOLE   1,359,095 0 0
INDUSTREA ACQUISITION CORP Equity 45579J203 2,780 275,000 SH   SOLE   275,000 0 0
ALPHABET INC Equity 02079K107 8,104 8,450 SH   SOLE   8,450 0 0
DARLING INGREDIENTS INC Equity 237266101 12,614 719,977 SH   SOLE   719,977 0 0
LEVEL 3 COMMUNICATIONS INC Equity 52729N308 72,044 1,351,918 SH   SOLE   1,351,918 0 0
TIME WARNER INC Equity 887317303 48,990 478,189 SH   SOLE   478,189 0 0
BARD C R INC Equity 067383109 58,896 183,763 SH   SOLE   183,763 0 0
VWR CORP Equity 91843L103 28,606 863,956 SH   SOLE   863,956 0 0
VISHAY PRECISION GROUP INC Equity 92835K103 8,297 340,035 SH   SOLE   340,035 0 0
KAPSTONE PAPER & PACKAGING C Equity 48562P103 2,696 125,470 SH   SOLE   125,470 0 0
AMERICAN INTL GROUP INC Equity 026874784 5,261 85,700 SH   SOLE   85,700 0 0
LIBERTY GLOBAL PLC Equity G5480U153 2,327 99,887 SH   SOLE   99,887 0 0