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
APPLE INC COM 037833100 1,865 16,100 SH   SOLE   16,100 0 0
AMERICAN CAP LTD COM 02503Y103 878 49,000 SH   SOLE   43,000 0 6,000
ALLERGAN PLC SHS G0177J108 3,917 18,650 SH   SOLE   15,500 0 3,150
ALLY FINL INC COM 02005N100 820 43,100 SH   SOLE   43,100 0 0
ALERE INC COM 01449J105 1,948 49,999 SH   SOLE   46,500 0 3,499
ADVANCED MICRO DEVICES INC COM 007903107 234 20,600 SH   SOLE   20,600 0 0
AMGEN INC COM 031162100 2,720 18,600 SH   SOLE   18,600 0 0
ABERCROMBIE & FITCH CO CL A 002896207 5,924 493,692 SH   SOLE   456,692 0 37,000
APOLLO ED GROUP INC CL A 037604105 1,443 145,712 SH   SOLE   137,712 0 8,000
ASCENA RETAIL GROUP INC COM 04351G101 136 22,000 SH   SOLE   22,000 0 0
ALTISOURCE PORTFOLIO SOLNS REG SHS L0175J104 495 18,600 SH   SOLE   13,100 0 5,500
ATLANTIC PWR CORP COM NEW 04878Q863 178 71,100 SH   SOLE   71,100 0 0
ACTIVISION BLIZZARD INC COM 00507V109 682 18,900 SH   SOLE   18,900 0 0
BANK AMER CORP COM 060505104 12,464 564,000 SH   SOLE   335,000 0 229,000
BATS GLOBAL MKTS INC COM 05491G109 1,296 38,685 SH   SOLE   32,685 0 6,000
BED BATH & BEYOND INC COM 075896100 1,292 31,800 SH   SOLE   24,800 0 7,000
BARCLAYS PLC ADR 06738E204 2,695 245,000 SH   SOLE   200,000 0 45,000
B/E AEROSPACE INC COM 073302101 1,826 30,340 SH   SOLE   30,340 0 0
BARNES & NOBLE ED INC COM 06777U101 638 55,608 SH   SOLE   43,000 0 12,608
BOFI HLDG INC COM 05566U108 891 31,198 SH   SOLE   20,598 0 10,600
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 652 4,000 SH   SOLE   4,000 0 0
CITIGROUP INC COM NEW 172967424 15,764 265,245 SH   SOLE   222,745 0 42,500
CABLE ONE INC COM 12685J105 4,010 6,450 SH   SOLE   5,300 0 1,150
MAGICJACK VOCALTEC LTD SHS M6787E101 82 12,015 SH   SOLE   12,015 0 0
CITIZENS FINL GROUP INC COM 174610105 570 16,000 SH   SOLE   16,000 0 0
CIGNA CORPORATION COM 125509109 2,801 21,000 SH   SOLE   16,000 0 5,000
CLOUD PEAK ENERGY INC COM 18911Q102 135 24,000 SH   SOLE   15,000 0 9,000
COLONY CAP INC CL A 19624R106 1,442 71,192 SH   SOLE   61,192 0 10,000
COMCAST CORP NEW CL A 20030N101 849 12,300 SH   SOLE   10,300 0 2,000
CENTENE CORP DEL COM 15135B101 4,182 74,000 SH   SOLE   65,000 0 9,000
CHINA CORD BLOOD CORP SHS G21107100 302 49,269 SH   SOLE   49,269 0 0
CONNS INC COM 208242107 266 21,000 SH   SOLE   16,000 0 5,000
CALPINE CORP COM NEW 131347304 526 46,000 SH   SOLE   46,000 0 0
CENTURYLINK INC COM 156700106 713 30,000 SH   SOLE   30,000 0 0
CENVEO INC COM NEW 15670S402 203 8,000 SH   SOLE   8,000 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 78 14,000 SH   SOLE   14,000 0 0
DILLARDS INC CL A 254067101 752 12,000 SH   SOLE   12,000 0 0
DSW INC CL A 23334L102 1,529 67,526 SH   SOLE   57,526 0 10,000
DELL TECHNOLOGIES INC COM CL V 24703L103 4,800 87,325 SH   SOLE   67,000 0 20,325
EMMIS COMMUNICATIONS CORP CL A 291525103 569 167,908 SH   SOLE   81,860 0 86,048
ENTELLUS MED INC COM 29363K105 241 12,700 SH   SOLE   12,700 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 892 29,500 SH   SOLE   26,500 0 3,000
E TRADE FINANCIAL CORP COM NEW 269246401 728 21,000 SH   SOLE   17,000 0 4,000
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 3,211 89,681 SH   SOLE   72,681 0 17,000
EVERBANK FINL CORP COM 29977G102 661 34,000 SH   SOLE   21,500 0 12,500
FACEBOOK INC CL A 30303M102 460 4,000 SH   SOLE   4,000 0 0
FELCOR LODGING TR INC COM 31430F101 401 50,000 SH   SOLE   45,000 0 5,000
FIDELITY & GTY LIFE COM 315785105 2,474 104,400 SH   SOLE   104,400 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 64 13,200 SH   SOLE   13,200 0 0
FITBIT INC CL A 33812L102 5,021 685,908 SH   SOLE   675,908 0 10,000
TWENTY FIRST CENTY FOX INC CL A 90130A101 1,901 67,800 SH   SOLE   67,800 0 0
FIFTH STREET FINANCE CORP COM 31678A103 737 137,244 SH   SOLE   94,244 0 43,000
FIRST SOLAR INC COM 336433107 225 7,000 SH   SOLE   7,000 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 34 10,000 SH   SOLE   10,000 0 0
GAIN CAP HLDGS INC COM 36268W100 260 39,449 SH   SOLE   39,449 0 0
GANNETT CO INC COM 36473H104 7,928 816,516 SH   SOLE   668,303 0 148,213
GRAHAM HLDGS CO COM 384637104 256 500 SH   SOLE   0 0 500
GILEAD SCIENCES INC COM 375558103 888 12,400 SH   SOLE   12,400 0 0
TERRAFORM GLOBAL INC CL A 88104M101 166 41,913 SH   SOLE   41,913 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 10,590 345,867 SH   SOLE   257,307 0 88,560
GENERAL MTRS CO COM 37045V100 3,414 98,000 SH   SOLE   82,000 0 16,000
GNC HLDGS INC COM CL A 36191G107 921 83,464 SH   SOLE   69,964 0 13,500
GENWORTH FINL INC COM CL A 37247D106 1,530 401,506 SH   SOLE   329,506 0 72,000
GOGO INC COM 38046C109 1,189 129,000 SH   SOLE   102,000 0 27,000
ALPHABET INC CAP STK CL C 02079K107 4,631 6,000 SH   SOLE   6,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 359 1,500 SH   SOLE   1,500 0 0
HARMAN INTL INDS INC INC 413086109 2,079 18,700 SH   SOLE   17,700 0 1,000
HAWAIIAN ELEC INDUSTRIES COM 419870100 1,468 44,400 SH   SOLE   30,900 0 13,500
HOLLYFRONTIER CORP COM 436106108 1,348 41,137 SH   SOLE   41,137 0 0
HERC HLDGS INC COM 42704L104 216 5,379 SH   SOLE   5,046 0 333
HUMANA INC COM 444859102 8,263 40,500 SH   SOLE   25,000 0 15,500
INTERACTIVE BROKERS GROUP IN COM 45841N107 12,044 329,891 SH   SOLE   277,518 0 52,373
INTERNATIONAL BUSINESS MACHS COM 459200101 2,606 15,700 SH   SOLE   12,700 0 3,000
INTERVAL LEISURE GROUP INC COM 46113M108 1,781 98,000 SH   SOLE   72,000 0 26,000
INFUSYSTEM HLDGS INC COM 45685K102 265 103,861 SH   SOLE   103,861 0 0
INTEL CORP COM 458140100 729 20,100 SH   SOLE   11,100 0 9,000
INVENSENSE INC COM 46123D205 215 16,800 SH   SOLE   7,800 0 9,000
INTREPID POTASH INC COM 46121Y102 66 31,819 SH   SOLE   819 0 31,000
INVESCO LTD SHS G491BT108 243 8,000 SH   SOLE   8,000 0 0
JETBLUE AIRWAYS CORP COM 477143101 2,998 133,700 SH   SOLE   133,700 0 0
PENNEY J C INC COM 708160106 298 35,900 SH   SOLE   19,900 0 16,000
JUMEI INTL HLDG LTD SPONSORED ADR 48138L107 69 13,800 SH   SOLE   3,800 0 10,000
JPMORGAN CHASE & CO COM 46625H100 13,806 160,000 SH   SOLE   129,000 0 31,000
NUVEEN PREFERRED SECURITIES COM 67072C105 816 87,638 SH   SOLE   77,638 0 10,000
KCG HLDGS INC CL A 48244B100 788 59,500 SH   SOLE   49,500 0 10,000
KKR & CO L P DEL COM UNITS 48248M102 1,385 90,000 SH   SOLE   85,000 0 5,000
LEE ENTERPRISES INC COM 523768109 1,677 578,384 SH   SOLE   340,400 0 237,984
LABORATORY CORP AMER HLDGS COM NEW 50540R409 539 4,200 SH   SOLE   4,200 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 769 35,000 SH   SOLE   35,000 0 0
LUBYS INC COM 549282101 81 18,900 SH   SOLE   10,900 0 8,000
SOUTHWEST AIRLS CO COM 844741108 249 5,000 SH   SOLE   5,000 0 0
LAS VEGAS SANDS CORP COM 517834107 214 4,000 SH   SOLE   4,000 0 0
MACYS INC COM 55616P104 3,456 96,500 SH   SOLE   62,000 0 34,500
MANCHESTER UTD PLC NEW ORD CL A G5784H106 161 11,313 SH   SOLE   11,313 0 0
MBIA INC COM 55262C100 2,454 229,302 SH   SOLE   167,000 0 62,302
MEDTRONIC PLC SHS G5960L103 520 7,300 SH   SOLE   7,300 0 0
MCCLATCHY CO CL A 579489105 204 15,480 SH   SOLE   14,580 0 900
MONSANTO CO NEW COM 61166W101 779 7,400 SH   SOLE   4,000 0 3,400
MPLX LP COM UNIT REP LTD 55336V100 678 19,577 SH   SOLE   12,587 0 6,990
MORGAN STANLEY COM NEW 617446448 1,918 45,395 SH   SOLE   16,395 0 29,000
MYLAN N V SHS EURO N59465109 4,464 117,007 SH   SOLE   101,007 0 16,000
NETFLIX INC COM 64110L106 929 7,500 SH   SOLE   7,500 0 0
ANNALY CAP MGMT INC COM 035710409 957 96,000 SH   SOLE   65,000 0 31,000
NATIONSTAR MTG HLDGS INC COM 63861C109 271 15,000 SH   SOLE   15,000 0 0
NU SKIN ENTERPRISES INC CL A 67018T105 669 14,000 SH   SOLE   11,000 0 3,000
NEWS CORP NEW CL A 65249B109 2,732 238,403 SH   SOLE   238,403 0 0
NXP SEMICONDUCTORS N V COM N6596X109 8,723 89,000 SH   SOLE   74,500 0 14,500
NEXSTAR BROADCASTING GROUP I CL A 65336K103 1,339 21,149 SH   SOLE   21,149 0 0
NEW YORK TIMES CO CL A 650111107 2,124 159,700 SH   SOLE   104,000 0 55,700
OAKTREE CAP GROUP LLC UNIT CL A 674001201 4,598 122,620 SH   SOLE   111,320 0 11,300
OCI PARTNERS LP COM UNIT REP LP 67091N108 793 95,000 SH   SOLE   71,000 0 24,000
OCWEN FINL CORP COM NEW 675746309 310 57,553 SH   SOLE   57,553 0 0
OFFICE DEPOT INC COM 676220106 1,623 359,081 SH   SOLE   216,081 0 143,000
ON DECK CAP INC COM 682163100 1,344 290,278 SH   SOLE   233,778 0 56,500
OPHTHOTECH CORP COM 683745103 1,226 253,870 SH   SOLE   212,870 0 41,000
OCH ZIFF CAP MGMT GROUP CL A 67551U105 2,374 717,338 SH   SOLE   637,364 0 79,974
PANDORA MEDIA INC COM 698354107 2,834 217,300 SH   SOLE   207,300 0 10,000
PENN NATL GAMING INC COM 707569109 648 47,000 SH   SOLE   47,000 0 0
PINNACLE ENTMT INC NEW COM 72348Y105 2,523 174,000 SH   SOLE   121,000 0 53,000
PERRIGO CO PLC SHS G97822103 814 9,780 SH   SOLE   4,780 0 5,000
PENNTEX MIDSTREAM PARTNERS L COM UNIT LTD 709311104 367 24,450 SH   SOLE   24,450 0 0
REYNOLDS AMERICAN INC COM 761713106 2,522 45,000 SH   SOLE   42,000 0 3,000
SPIRIT AIRLS INC COM 848577102 1,570 27,137 SH   SOLE   16,600 0 10,537
SANTANDER CONSUMER USA HDG I COM 80283M101 243 18,000 SH   SOLE   18,000 0 0
SEARS HOMETOWN & OUTLET STOR COM 812362101 396 84,322 SH   SOLE   73,789 0 10,533
SMITH & NEPHEW PLC SPDN ADR NEW 83175M205 1,474 49,000 SH   SOLE   45,000 0 4,000
ST JUDE MED INC COM 790849103 3,312 41,300 SH   SOLE   23,900 0 17,400
SYNCHRONY FINL COM 87165B103 9,859 271,833 SH   SOLE   206,833 0 65,000
SYNGENTA AG SPONSORED ADR 87160A100 3,288 41,600 SH   SOLE   41,600 0 0
TERRAFORM PWR INC CL A COM 88104R100 525 41,000 SH   SOLE   36,000 0 5,000
TEGNA INC COM 87901J105 240 11,200 SH   SOLE   11,200 0 0
TEAM HEALTH HOLDINGS INC COM 87817A107 7,169 165,000 SH   SOLE   154,000 0 11,000
T MOBILE US INC COM 872590104 9,921 172,505 SH   SOLE   150,005 0 22,500
TRONC INC COM 89703P107 264 19,000 SH   SOLE   19,000 0 0
TESLA MTRS INC COM 88160R101 7,637 35,737 SH   SOLE   29,742 0 5,995
TWITTER INC COM 90184L102 1,206 74,000 SH   SOLE   51,000 0 23,000
TIME WARNER INC COM NEW 887317303 25,494 264,100 SH   SOLE   231,000 0 33,100
UNDER ARMOUR INC CL C 904311206 378 15,000 SH   SOLE   15,000 0 0
UNITED CONTL HLDGS INC COM 910047109 1,049 14,400 SH   SOLE   13,400 0 1,000
CVR PARTNERS LP COM 126633106 507 84,430 SH   SOLE   78,430 0 6,000
VALERO ENERGY CORP NEW COM 91913Y100 342 5,000 SH   SOLE   5,000 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 2,589 178,299 SH   SOLE   155,199 0 23,100
VITAMIN SHOPPE INC COM 92849E101 330 13,900 SH   SOLE   2,000 0 11,900
WELLS FARGO & CO NEW COM 949746101 3,720 67,500 SH   SOLE   64,500 0 3,000
WHOLE FOODS MKT INC COM 966837106 2,409 78,326 SH   SOLE   72,326 0 6,000
WINDSTREAM HLDGS INC COM NEW 97382A200 264 36,000 SH   SOLE   36,000 0 0
WILLIAMS COS INC DEL COM 969457100 1,261 40,500 SH   SOLE   24,000 0 16,500
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 96949L105 2,752 72,363 SH   SOLE   49,200 0 23,163
CREDIT SUISSE NASSAU BRH INVRS VIX STERM 22542D795 1,590 34,000 SH   SOLE   27,000 0 7,000