The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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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 |
| AMERICAN AIRLS GROUP INC. | COM | 02376R102 | 13,117 | 369,701 | SH | SOLE | 369,701 | 0 | 0 | ||
| AXIALL CORP | COM | 05463D100 | 7,735 | 215,988 | SH | SOLE | 215,988 | 0 | 0 | ||
| BOYD GAMING CORP | COM | 103304101 | 5,930 | 583,625 | SH | SOLE | 583,625 | 0 | 0 | ||
| CITIGROUP INC | COM | 172967424 | 38,546 | 743,842 | SH | SOLE | 743,842 | 0 | 0 | ||
| CYS INVTS INC | COM | 12673A108 | 7,745 | 939,899 | SH | SOLE | 939,899 | 0 | 0 | ||
| DANA HLDG CORP | COM | 235825205 | 31,086 | 1,621,616 | SH | SOLE | 1,621,616 | 0 | 0 | ||
| FORD MTR CO DEL | COM PAR $0.01 | 345370860 | 8,484 | 573,654 | SH | SOLE | 573,654 | 0 | 0 | ||
| GAMING & LEISURE PPTYS INC | COM | 36467J108 | 27,849 | 901,273 | SH | SOLE | 901,273 | 0 | 0 | ||
| GENERAL MTRS CO | COM | 37045V100 | 36,552 | 1,144,411 | SH | SOLE | 1,144,411 | 0 | 0 | ||
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | 10,084 | 54,930 | SH | SOLE | 54,930 | 0 | 0 | ||
| GRAY TELEVISION INC | COM | 389375106 | 7,128 | 904,535 | SH | SOLE | 904,535 | 0 | 0 | ||
| ICONIX BRAND GROUP INC | NOTE 1.500% 3/1 | 451055AF4 | 7,650 | 6,000,000 | PRN | SOLE | 6,000,000 | 0 | 0 | ||
| ISHARES | RUSSELL 2000 ETF | 464287655 | 132 | 660,000 | SH | Call | SOLE | 660,000 | 0 | 0 | |
| INTERNATIONAL SPEEDWAY CORP | CL A | 460335201 | 16,283 | 514,648 | SH | SOLE | 514,648 | 0 | 0 | ||
| LOUISIANA PAC CORP | COM | 546347105 | 7,952 | 585,161 | SH | SOLE | 585,161 | 0 | 0 | ||
| MONARCH CASINO & RESORT INC | COM | 609027107 | 4,785 | 401,756 | SH | SOLE | 401,756 | 0 | 0 | ||
| MULTIMEDIA GAMES HLDG CO INC | COM | 625453105 | 1,089 | 30,235 | SH | SOLE | 30,235 | 0 | 0 | ||
| MGM RESORTS INTERNATIONAL | COM | 552953101 | 32,496 | 1,426,500 | SH | SOLE | 1,426,500 | 0 | 0 | ||
| M/I HOMES INC | COM | 55305B101 | 6,390 | 322,404 | SH | SOLE | 322,404 | 0 | 0 | ||
| NORCRAFT COS INC | COM | 65557Y105 | 19,775 | 1,239,788 | SH | SOLE | 1,239,788 | 0 | 0 | ||
| NCI BUILDING SYS INC | COM NEW | 628852204 | 14,554 | 750,202 | SH | SOLE | 750,202 | 0 | 0 | ||
| NEW HOME CO INC | COM | 645370107 | 11,154 | 826,195 | SH | SOLE | 826,195 | 0 | 0 | ||
| NEXSTAR BROADCASTING GROUP I | CL A | 65336K103 | 5,412 | 133,902 | SH | SOLE | 133,902 | 0 | 0 | ||
| PULTE GROUP INC | COM | 745867101 | 29,408 | 1,665,257 | SH | SOLE | 1,665,257 | 0 | 0 | ||
| PINNACLE ENTMT INC | COM | 723456109 | 1,763 | 70,250 | SH | SOLE | 70,250 | 0 | 0 | ||
| RYLAND GROUP INC | COM | 783764103 | 17,617 | 529,992 | SH | SOLE | 529,992 | 0 | 0 | ||
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 4,253 | 2,900,000 | SH | Put | SOLE | 2,900,000 | 0 | 0 | |
| SINCLAIR BROADCAST GROUP INC | CL A | 829226109 | 14,665 | 562,083 | SH | SOLE | 562,083 | 0 | 0 | ||
| SCIENTIFIC GAMES CORP | CL A | 80874P109 | 3,433 | 318,800 | SH | SOLE | 318,800 | 0 | 0 | ||
| SPEEDWAY MOTORSPORTS INC | COM | 847788106 | 6,869 | 402,652 | SH | SOLE | 402,652 | 0 | 0 | ||
| STRATEGIC HOTELS & RESORTS | COM | 86272T106 | 15,707 | 1,348,271 | SH | SOLE | 1,348,271 | 0 | 0 | ||
| WALTER ENERGY INC | COM | 93317Q105 | 1,304 | 557,330 | SH | SOLE | 557,330 | 0 | 0 | ||