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
AH BELO CORP-A COMM 001282102 355 77,195 SH   SOLE   355 0 0
ALERE INC COMM 01449J105 6,675 130,900 SH   SOLE   6,675 0 0
AMC NETWORKS INC COMM 00164V103 6,513 111,388 SH   SOLE   6,513 0 0
APPLE COMPUTER INC COMM 037833100 1,626 10,550 SH   SOLE   1,626 0 0
ARC LOGISTICS PARTNERS LP LTDP 03879N101 1,371 82,100 SH   SOLE   1,371 0 0
ASSOCIATED CAPITAL GROUP COMM 045528106 1,970 55,183 SH   SOLE   1,970 0 0
ATWOOD OCEANICS INC COMM 050095108 3,423 364,486 SH   SOLE   3,423 0 0
AUTOZONE INC COMM 053332102 2,976 5,000 SH   SOLE   2,976 0 0
AVISTA CORP COMM 05379B107 259 5,000 SH   SOLE   259 0 0
BANKRATE INC COMM 06647F102 454 32,559 SH   SOLE   454 0 0
BARD (C.R.) INC COMM 067383109 4,259 13,290 SH   SOLE   4,259 0 0
BERKSHIRE HATHAWAY INC CL A COMM 084670108 549 2 SH   SOLE   549 0 0
BROCADE COMMUNICATIONS SYS COMM 111621306 2,510 210,000 SH   SOLE   2,510 0 0
CABLE ONE INC COMM 12685J105 1,444 2,000 SH   SOLE   1,444 0 0
CALPINE CORPORATION COMM 131347304 295 20,000 SH   SOLE   295 0 0
CAMBIUM LEARNING GROUP INC COMM 13201A107 87 13,100 SH   SOLE   87 0 0
CARS.COM INC COMM 14575E105 2,875 108,056 SH   SOLE   2,875 0 0
CENTURYLINK INC COMM 156700106 2,561 135,500 SH   SOLE   2,561 0 0
CINCINNATI BELL INC COMM 171871502 1,844 92,899 SH   SOLE   1,844 0 0
CONSOLIDATED COMMUNICATIONS COMM 209034107 227 11,882 SH   SOLE   227 0 0
CYRUSONE INC REIT 23283R100 669 11,350 SH   SOLE   669 0 0
DISCOVERY COMMUNICATIONS-A COMM 25470F104 810 38,029 SH   SOLE   810 0 0
DISCOVERY COMMUNICATIONS-C COMM 25470F302 430 21,214 SH   SOLE   430 0 0
DOMINION DIAMOND CORP COMM 257287102 1,659 117,000 SH   SOLE   1,659 0 0
DR PEPPER SNAPPLE GROUP INC COMM 26138E109 769 8,697 SH   SOLE   769 0 0
EQUINIX INC COMM 29444U700 3,920 8,783 SH   SOLE   3,920 0 0
FIDELITY & GUARANTY LIFE COMM 315785105 776 25,000 SH   SOLE   776 0 0
FIRST POTOMAC REALTY TRUST REIT 33610F109 596 53,500 SH   SOLE   596 0 0
FORTRESS INVESTMENT GRP-CL A LTDP 34958B106 2,311 290,000 SH   SOLE   2,311 0 0
FORTUNE BRANDS HOME & SECURI COMM 34964C106 870 12,947 SH   SOLE   870 0 0
FRONTIER COMMUNICATIONS CORP SER B COMM 35906A306 459 38,900 SH   SOLE   459 0 0
GAMCO INVESTORS INC-A COMM 361438104 1,531 51,444 SH   SOLE   1,531 0 0
GANNETT CO INC COMM 36473H104 375 41,658 SH   SOLE   375 0 0
GENUINE PARTS CO COMM 372460105 1,597 16,700 SH   SOLE   1,597 0 0
GOGO INC COMM 38046C109 2,575 218,010 SH   SOLE   2,575 0 0
GRAY TELEVISION INC COMM 389375106 797 50,794 SH   SOLE   797 0 0
HAIN CELESTIAL GROUP INC COMM 405217100 2,058 50,000 SH   SOLE   2,058 0 0
HAWAIIAN TELCOM HOLDCO INC COMM 420031106 1,095 36,721 SH   SOLE   1,095 0 0
HI-CRUSH PARTNERS LP UNIT 428337109 192 20,192 SH   SOLE   192 0 0
HSN INC COMM 404303109 758 19,400 SH   SOLE   758 0 0
INTERXION HOLDING NV COMM N47279109 1,734 34,051 SH   SOLE   1,734 0 0
ISHARES RUSSELL 2000 COMM 464287655 17,782 120,000 SH   SOLE   17,782 0 0
KAR AUCTION SERVICES INC COMM 48238T109 431 9,021 SH   SOLE   431 0 0
KITE PHARMA INC COMM 49803L109 12,191 67,800 SH   SOLE   12,191 0 0
LATTICE SEMICONDUCTOR CORP COMM 518415104 328 63,000 SH   SOLE   328 0 0
LEVEL 3 COMMUNICATIONS INC COMM 52729N308 2,154 40,411 SH   SOLE   2,154 0 0
LGL GROUP INC COMM 50186A108 12 2,100 SH   SOLE   12 0 0
LGL GROUP INC WRNT 50186A108 148 26,300 SH   SOLE   148 0 0
LIONS GATE ENTERTAINMENT-B COMM 535919500 1,028 32,331 SH   SOLE   1,028 0 0
LUMOS NETWORKS CORP COMM 550283105 1,517 84,680 SH   SOLE   1,517 0 0
MADISON SQUARE GARD-A/NEW COMM 553573106 3,801 179,282 SH   SOLE   3,801 0 0
MADISON SQUARE GARDEN COMPANY (THE) CL A COMM 55825T103 2,067 9,653 SH   SOLE   2,067 0 0
MERCURY GENERAL CORP COMM 589400100 431 7,600 SH   SOLE   431 0 0
MICROSOFT CORP COMM 594918104 1,655 22,216 SH   SOLE   1,655 0 0
MONEYGRAM INTERNATIONAL INC COMM 60935Y208 957 59,386 SH   SOLE   957 0 0
MONSANTO CO COMM 61166W101 5,392 45,000 SH   SOLE   5,392 0 0
NEFF CORP-CLASS A COMM 640094207 250 10,000 SH   SOLE   250 0 0
NETWORK-1 SECURITY SOLUTIONS COMM 64121N109 2,183 566,908 SH   SOLE   2,183 0 0
NEURODERM LTD COMM M74231107 3,421 87,950 SH   SOLE   3,421 0 0
NEW YORK REIT INC REIT 64976L109 3,731 475,300 SH   SOLE   3,731 0 0
NEWS CORP/NEW-CL A COMM 65249B109 2,068 155,965 SH   SOLE   2,068 0 0
NEXSTAR BROADCASTING GROUP-A COMM 65336K103 3,402 54,613 SH   SOLE   3,402 0 0
NXP SEMICONDUCTORS NV COMM N6596X109 1,832 16,200 SH   SOLE   1,832 0 0
NXSTAGE MEDICAL INC COMM 67072V103 1,380 50,000 SH   SOLE   1,380 0 0
PARAMOUNT GOLD NEVADA CORP COMM 69924M109 24 15,000 SH   SOLE   24 0 0
PAREXEL INTERNATIONAL CORP COMM 699462107 1,057 12,000 SH   SOLE   1,057 0 0
PARKWAY INC REIT 70156Q107 3,685 160,000 SH   SOLE   3,685 0 0
PHIBRO ANIMAL HEALTH CORP-A COMM 71742Q106 1,215 32,790 SH   SOLE   1,215 0 0
RICE ENERGY INC COMM 762760106 5,051 174,549 SH   SOLE   5,051 0 0
ROLLINS INC COMM 775711104 346 7,500 SH   SOLE   346 0 0
ROSS STORES INC COMM 778296103 1,085 16,800 SH   SOLE   1,085 0 0
SCOTTS MIRACLE-GRO CO-CL A COMM 810186106 847 8,700 SH   SOLE   847 0 0
SCRIPPS E W CO OHIO CL A NEW COMM 811054402 1,535 80,322 SH   SOLE   1,535 0 0
SCRIPPS NETWORKS INTER-CL A COMM 811065101 3,018 35,142 SH   SOLE   3,018 0 0
SHENANDOAH TELECOMMUN CO COMM 82312B106 624 16,774 SH   SOLE   624 0 0
SPARTON CORP COMM 847235108 334 14,400 SH   SOLE   334 0 0
STRAIGHT PATH COMM-CL B COMM 862578101 903 5,000 SH   SOLE   903 0 0
TEGNA INC COMM 87901J105 3,374 253,105 SH   SOLE   3,374 0 0
TESCO CORP COMM 88157K101 193 35,393 SH   SOLE   193 0 0
TIME WARNER INC COMM 887317303 11,748 114,668 SH   SOLE   11,748 0 0
T-MOBILE US INC COMM 872590104 462 7,488 SH   SOLE   462 0 0
TOOTSIE ROLL INDS COMM 890516107 1,144 30,096 SH   SOLE   1,144 0 0
TRIBUNE MEDIA COMPANY COMM 896047503 6,129 150,000 SH   SOLE   6,129 0 0
VIACOM INC-CLASS A COMM 92553P102 2,570 70,025 SH   SOLE   2,570 0 0
VIACOM INC-CLASS B COMM 92553P201 3,586 128,804 SH   SOLE   3,586 0 0
VIACOM INC-CLASS B COMM 92553P201 1,392 50,000 SH   SOLE   1,392 0 0
VWR CORP COMM 91843L103 1,452 43,852 SH   SOLE   1,452 0 0
WEATHERFORD INTL PLC COMM G48833100 275 60,000 SH   SOLE   275 0 0
WEST CORP COMM 952355204 508 21,652 SH   SOLE   508 0 0
WESTERN REFINING LOGISTICS L UNIT 95931Q205 2,126 82,387 SH   SOLE   2,126 0 0
WGL HOLDINGS INC COMM 92924F106 2,526 30,000 SH   SOLE   2,526 0 0
WMI HLDGS CORP COMM 92936P100 163 171,499 SH   SOLE   163 0 0