Par Capital Management Activity Q4 1999-Q1 2022

Q1 2022
 Value Shares↓ Weighting
EXPE SellEXPEDIA GROUP INC$802,247
+0.7%
4,100,000
-7.0%
19.17%
-10.9%
BKNG BuyBOOKING HOLDINGS INC$402,440
+28.5%
171,364
+31.2%
9.62%
+13.7%
TRIP SellTRIPADVISOR INC$319,594
-5.0%
11,784,438
-4.6%
7.64%
-16.0%
WEX BuyWEX INC$304,273
+27.3%
1,705,090
+0.1%
7.27%
+12.6%
UBER BuyUBER TECHNOLOGIES INC$279,065
+56.5%
7,821,339
+83.9%
6.67%
+38.5%
SYF BuySYNCHRONY FINANCIAL$268,037
-23.0%
7,700,000
+2.7%
6.40%
-31.8%
LUV BuySOUTHWEST AIRLS CO$158,212
+84.7%
3,454,404
+72.7%
3.78%
+63.5%
UAL SellUNITED AIRLS HLDGS INC$143,716
-3.5%
3,100,000
-8.9%
3.43%
-14.6%
SABR SellSABRE CORP$139,024
+30.6%
12,163,107
-1.9%
3.32%
+15.5%
CARG BuyCARGURUS INC$122,742
+83.4%
2,890,767
+45.3%
2.93%
+62.2%
FB NewMETA PLATFORMS INCcl a$118,963535,0002.84%
DAL BuyDELTA AIR LINES INC DEL$118,710
+10.6%
3,000,000
+9.3%
2.84%
-2.1%
ALK BuyALASKA AIR GROUP INC$93,042
+12.5%
1,603,900
+1.0%
2.22%
-0.5%
SAVE NewSPIRIT AIRLS INC$89,3124,083,7632.13%
ALGT SellALLEGIANT TRAVEL CO$64,956
-31.8%
400,000
-21.5%
1.55%
-39.7%
SNCY SellSUN CTRY AIRLS HLDGS INC$57,405
-5.0%
2,192,712
-1.1%
1.37%
-15.9%
BALY SellBALLYS CORPORATION$55,296
-29.7%
1,798,819
-12.9%
1.32%
-37.8%
AAL SellAMERICAN AIRLS GROUP INC$55,298
-1.9%
3,030,000
-3.4%
1.32%
-13.1%
TRVG BuyTRIVAGO N V$52,123
+13.2%
22,085,827
+4.6%
1.25%
+0.2%
APLE BuyAPPLE HOSPITALITY REIT INC$50,237
+1397.8%
2,795,631
+1246.0%
1.20%
+1219.8%
GOOGL NewALPHABET INCcap stk cl a$33,29211,9200.80%
ULCC NewFRONTIER GROUP HLDGS INC$32,9472,907,9480.79%
TRUE SellTRUECAR INC$32,221
+11.4%
8,157,142
-4.1%
0.77%
-1.4%
JBLU BuyJETBLUE AWYS CORP$30,648
+7.6%
2,050,000
+2.5%
0.73%
-4.8%
VLRS SellCONTROLADORA VUELA COMP DE Aspon adr rp 10$27,285
-14.9%
1,500,000
-15.9%
0.65%
-24.7%
WBS NewWEBSTER FINL CORP$16,836300,0000.40%
GDOT SellGREEN DOT CORPcl a$13,740
-52.6%
500,000
-37.5%
0.33%
-58.1%
NewAVIDXCHANGE HOLDINGS INC$11,6731,450,0000.28%
PYPL NewPAYPAL HLDGS INC$11,565100,0000.28%
APSG NewAPOLLO STRATEGIC GROWTH CAPT$11,0541,111,0000.26%
MA NewMASTERCARD INCORPORATEDcl a$10,72130,0000.26%
TFC NewTRUIST FINL CORP$9,923175,0000.24%
AER NewAERCAP HOLDINGS NV$9,667192,2630.23%
TREE BuyLENDINGTREE INC NEW$7,575
+157.5%
63,300
+163.8%
0.18%
+129.1%
H NewHYATT HOTELS CORP$2,29124,0000.06%
CPA NewCOPA HOLDINGS SAcl a$7959,5000.02%
CHGG NewCHEGG INC$72620,0000.02%
SQ NewBLOCK INCcl a$7195,3000.02%
VGIIWS SellVIRGIN GROUP ACQUISIT CORP I*w exp 03/13/202$13
-80.6%
34,613
-56.7%
0.00%
-100.0%
RXRAW ExitRXR ACQUISITION CORP*w exp 03/08/202$0-20,0000.00%
OHPAW ExitORION ACQUISITION CORP*w exp 02/19/202$0-25,0000.00%
FRSGW ExitFIRST RESERVE SUSTAINABLE GW*w exp 03/05/202$0-25,000-0.00%
FSNBWS ExitFUSION ACQUISITION CORP II*w exp 02/29/202$0-33,333-0.00%
ATAQWS ExitALTIMAR ACQUISITION CORP III*w exp 08/03/202$0-25,000-0.00%
ExitPLANET LABS PBC*w exp 12/06/202$0-20,000-0.00%
WPCBWS ExitWARBURG PINCUS CAPTAL CORP I*w exp 99/99/999$0-100,000-0.00%
WPCAWS ExitWARBURG PINCUS CAPTAL CORP I*w exp 99/99/999$0-150,000-0.00%
ETSY ExitETSY INC$0-1,500-0.01%
ExitPLANET LABS PBC$0-100,000-0.02%
ATAQ ExitALTIMAR ACQUISITION CORP III$0-100,000-0.03%
ExitRXR ACQUISITION CORP$0-100,000-0.03%
ASZ ExitAUSTERLITZ ACQUISITION CORP$0-100,000-0.03%
OHPA ExitORION ACQUISITION CORP$0-100,000-0.03%
FSNB ExitFUSION ACQUISITION CORP II$0-99,999-0.03%
AUS ExitAUSTERLITZ ACQUISITION CORP$0-100,000-0.03%
FRSG ExitFIRST RESERVE SUSTAINABLE GW$0-100,000-0.03%
CND ExitCONCORD ACQUISITION CORP$0-100,000-0.03%
WPCA ExitWARBURG PINCUS CAPTAL CORP I-A$0-500,000-0.13%
WPCB ExitWARBURG PINCUS CAPTAL CORP I-B$0-750,000-0.20%
COF ExitCAPITAL ONE FINL CORP$0-60,000-0.24%
HLT ExitHILTON WORLDWIDE HLDGS INC$0-180,600-0.76%
LYFT ExitLYFT INC$0-1,017,000-1.17%
V ExitVISA INC$0-450,000-2.63%
Q4 2021
 Value Shares↓ Weighting
EXPE BuyEXPEDIA GROUP INC$796,553
+19.8%
4,407,666
+8.7%
21.51%
+34.8%
SYF BuySYNCHRONY FINANCIAL$347,925
-3.8%
7,500,000
+1.4%
9.39%
+8.3%
BKNG SellBOOKING HOLDINGS INC$313,253
-26.6%
130,564
-27.4%
8.46%
-17.4%
WEX BuyWEX INC$239,111
-3.0%
1,703,190
+21.7%
6.46%
+9.1%
UBER SellUBER TECHNOLOGIES INC$178,362
-15.9%
4,253,800
-10.2%
4.82%
-5.4%
UAL SellUNITED AIRLS HLDGS INC$148,935
-15.4%
3,401,893
-8.1%
4.02%
-4.8%
DAL SellDELTA AIR LINES INC DEL$107,310
-13.3%
2,745,900
-5.4%
2.90%
-2.4%
SABR SellSABRE CORP$106,490
-33.3%
12,397,007
-8.0%
2.88%
-24.9%
ALGT SellALLEGIANT TRAVEL CO$95,297
-12.9%
509,500
-8.9%
2.57%
-1.9%
ALK SellALASKA AIR GROUP INC$82,724
-12.2%
1,587,800
-1.2%
2.23%
-1.2%
LYFT NewLYFT INC$43,4561,017,0001.17%
GDOT BuyGREEN DOT CORPcl a$28,992
-21.7%
800,000
+8.8%
0.78%
-11.8%
TRUE SellTRUECAR INC$28,924
-27.3%
8,507,156
-11.0%
0.78%
-18.1%
HLT NewHILTON WORLDWIDE HLDGS INC$28,172180,6000.76%
NewVACASA INC$23,3592,807,5670.63%
NewGRAB HOLDINGS LIMITEDclass a ord$17,8252,500,0000.48%
APLE NewAPPLE HOSPITALITY REIT INC$3,354207,7010.09%
TREE NewLENDINGTREE INC NEW$2,94224,0000.08%
FSNB SellFUSION ACQUISITION CORP II$970
-0.1%
99,999
-0.0%
0.03%
+13.0%
NewPLANET LABS PBC$615100,0000.02%
WPCAWS BuyWARBURG PINCUS CAPTAL CORP I*w exp 99/99/999$150
+42.9%
150,000
+50.0%
0.00%
+33.3%
WPCBWS SellWARBURG PINCUS CAPTAL CORP I*w exp 99/99/999$99
-29.3%
100,000
-33.3%
0.00%0.0%
NewPLANET LABS PBC*w exp 12/06/202$3920,0000.00%
DMYQWS ExitDMY TECHNOLOGY GROUP INC IV*w exp 03/04/202$0-20,000-0.00%
AUSWS ExitAUSTERLITZ ACQUISITION CORP*w exp 02/19/202$0-25,000-0.00%
ASZWS ExitAUSTERLITZ ACQUISITION CORP*w exp 02/19/202$0-25,000-0.00%
ZIXI ExitZIX CORP$0-71,900-0.01%
DMYQU ExitDMY TECHNOLOGY GROUP INC IVunit 99/99/9999$0-100,000-0.02%
WU ExitWESTERN UN CO$0-100,000-0.05%
MA ExitMASTERCARD INCORPORATEDcl a$0-50,000-0.42%
RRR ExitRED ROCK RESORTS INCcl a$0-534,529-0.66%
ABNB ExitAIRBNB INC$0-200,000-0.80%
SAVE ExitSPIRIT AIRLS INC$0-1,300,000-0.81%
TFC ExitTRUIST FINL CORP$0-675,000-0.95%
PFSI ExitPENNYMAC FINL SVCS INC NEW$0-691,600-1.01%
GRPN ExitGROUPON INC$0-2,783,500-1.52%
Q3 2021
 Value Shares↓ Weighting
EXPE BuyEXPEDIA GROUP INC$664,789
+5.7%
4,056,066
+5.6%
15.95%
+3.6%
BKNG BuyBOOKING HOLDINGS INC$426,727
+30.0%
179,760
+19.8%
10.24%
+27.4%
TRIP BuyTRIPADVISOR INC$417,948
-10.4%
12,347,046
+6.7%
10.03%
-12.2%
WEX BuyWEX INC$246,596
+10.6%
1,400,000
+21.7%
5.92%
+8.3%
UBER BuyUBER TECHNOLOGIES INC$212,164
+28113.3%
4,735,800
+31472.0%
5.09%
+28177.8%
UAL SellUNITED AIRLS HLDGS INC$176,009
-22.4%
3,700,000
-14.6%
4.22%
-23.9%
SABR SellSABRE CORP$159,571
-16.0%
13,477,322
-11.5%
3.83%
-17.7%
DAL SellDELTA AIR LINES INC DEL$123,718
-13.0%
2,903,500
-11.7%
2.97%
-14.8%
ALGT SellALLEGIANT TRAVEL CO$109,371
-19.5%
559,500
-20.1%
2.62%
-21.1%
BALY SellBALLYS CORPORATION$103,561
-16.0%
2,065,434
-9.4%
2.48%
-17.7%
LUV SellSOUTHWEST AIRLS CO$102,860
-8.5%
2,000,000
-5.6%
2.47%
-10.4%
ALK SellALASKA AIR GROUP INC$94,205
-17.8%
1,607,600
-15.4%
2.26%
-19.5%
AAL BuyAMERICAN AIRLS GROUP INC$64,382
+4.6%
3,137,500
+8.1%
1.54%
+2.5%
GRPN BuyGROUPON INC$63,492
+7.4%
2,783,500
+103.2%
1.52%
+5.2%
TRVG BuyTRIVAGO N V$52,164
-18.4%
21,118,927
+9.3%
1.25%
-20.1%
TRUE SellTRUECAR INC$39,765
-27.2%
9,558,804
-1.1%
0.95%
-28.7%
TFC BuyTRUIST FINL CORP$39,589
+42.7%
675,000
+35.0%
0.95%
+39.7%
STT BuySTATE STR CORP$38,124
+12.6%
450,000
+9.4%
0.92%
+10.4%
GDOT BuyGREEN DOT CORPcl a$37,004
+21.5%
735,226
+13.1%
0.89%
+19.0%
SAVE SellSPIRIT AIRLS INC$33,722
-20.9%
1,300,000
-7.1%
0.81%
-22.5%
ABNB SellAIRBNB INC$33,550
-12.4%
200,000
-20.0%
0.80%
-14.2%
CND NewCONCORD ACQUISITION CORP$1,008100,0000.02%
ETSY NewETSY INC$3121,5000.01%
PCYO ExitPURE CYCLE CORP$0-31,000-0.01%
TRIP ExitTRIPADVISOR INCput$0-1,535,000-1.52%
Q2 2021
 Value Shares↓ Weighting
EXPE NewEXPEDIA GROUP INC$628,8293,841,11415.40%
TRIP NewTRIPADVISOR INC$466,35311,572,04611.42%
SYF NewSYNCHRONY FINANCIAL$359,0487,400,0008.79%
BKNG NewBOOKING HOLDINGS INC$328,214150,0008.04%
UAL NewUNITED AIRLS HLDGS INC$226,6774,335,0005.55%
WEX NewWEX INC$222,9851,150,0005.46%
SABR NewSABRE CORP$190,01915,225,9124.65%
DAL NewDELTA AIR LINES INC DEL$142,2733,288,8003.48%
ALGT NewALLEGIANT TRAVEL CO$135,800700,0003.33%
BALY NewBALLYS CORPORATION$123,3192,279,0443.02%
ALK NewALASKA AIR GROUP INC$114,5891,900,0002.81%
LUV NewSOUTHWEST AIRLS CO$112,4452,118,0002.75%
V NewVISA INC$105,219450,0002.58%
SNCY NewSUN CTRY AIRLS HLDGS INC$77,9242,216,3121.91%
SCHW NewSCHWAB CHARLES CORP$72,8101,000,0001.78%
TRVG NewTRIVAGO N V$63,94519,318,6831.57%
TRIP NewTRIPADVISOR INCput$61,8611,535,0001.52%
AAL NewAMERICAN AIRLS GROUP INC$61,5512,902,0001.51%
GRPN NewGROUPON INC$59,1081,369,5001.45%
TRUE NewTRUECAR INC$54,6299,668,8041.34%
CARG NewCARGURUS INC$52,1981,990,0001.28%
PFSI NewPENNYMAC FINL SVCS INC NEW$42,686691,6001.04%
SAVE NewSPIRIT AIRLS INC$42,6161,400,0001.04%
AXP NewAMERICAN EXPRESS CO$41,308250,0001.01%
ABNB NewAIRBNB INC$38,285250,0000.94%
VLRS NewCONTROLADORA VUELA COMP DE Aspon adr rp 10$34,2681,783,8560.84%
STT NewSTATE STR CORP$33,845411,3400.83%
JBLU NewJETBLUE AWYS CORP$33,5602,000,0000.82%
GDOT NewGREEN DOT CORPcl a$30,453650,0000.75%
TFC NewTRUIST FINL CORP$27,750500,0000.68%
RRR NewRED ROCK RESORTS INCcl a$22,717534,5290.56%
MA NewMASTERCARD INCORPORATEDcl a$18,25550,0000.45%
DFS NewDISCOVER FINL SVCS$13,693115,7610.34%
COF NewCAPITAL ONE FINL CORP$9,28160,0000.23%
WPCB NewWARBURG PINCUS CAPTAL CORP I$7,313750,0000.18%
WH NewWYNDHAM HOTELS & RESORTS INC$6,14585,0000.15%
WPCA NewWARBURG PINCUS CAPTAL CORP I$4,900500,0000.12%
VGII NewVIRGIN GROUP ACQUISIT CORP I$3,916400,0000.10%
WU NewWESTERN UN CO$2,297100,0000.06%
ASZ NewAUSTERLITZ ACQUISITION CORP$973100,0000.02%
DMYQU NewDMY TECHNOLOGY GROUP INC IVunit 99/99/9999$977100,0000.02%
FRSG NewFIRST RESERVE SUSTAINABLE GW$970100,0000.02%
FSNB NewFUSION ACQUISITION CORP II$967100,0000.02%
NewRXR ACQUISITION CORP$971100,0000.02%
ATAQ NewALTIMAR ACQUISITION CORP III$975100,0000.02%
OHPA NewORION ACQUISITION CORP$966100,0000.02%
AUS NewAUSTERLITZ ACQUISITION CORP$992100,0000.02%
UBER NewUBER TECHNOLOGIES INC$75215,0000.02%
ZIXI NewZIX CORP$50771,9000.01%
PCYO NewPURE CYCLE CORP$42831,0000.01%
WPCBWS NewWARBURG PINCUS CAPTAL CORP I*w exp 99/99/999$195150,0000.01%
WPCAWS NewWARBURG PINCUS CAPTAL CORP I*w exp 99/99/999$135100,0000.00%
VGIIWS NewVIRGIN GROUP ACQUISIT CORP I*w exp 03/13/202$10280,0000.00%
DMYQWS NewDMY TECHNOLOGY GROUP INC IV*w exp 03/04/202$2820,0000.00%
RXRAW NewRXR ACQUISITION CORP*w exp 03/08/202$2120,0000.00%
FSNBWS NewFUSION ACQUISITION CORP II*w exp 02/29/202$3333,3330.00%
FRSGW NewFIRST RESERVE SUSTAINABLE GW*w exp 03/05/202$2925,0000.00%
OHPAW NewORION ACQUISITION CORP*w exp 02/19/202$2425,0000.00%
ATAQWS NewALTIMAR ACQUISITION CORP III*w exp 08/03/202$2825,0000.00%
AUSWS NewAUSTERLITZ ACQUISITION CORP*w exp 02/19/202$3125,0000.00%
ASZWS NewAUSTERLITZ ACQUISITION CORP*w exp 02/19/202$4325,0000.00%
Q4 2020
 Value Shares↓ Weighting
FLEX ExitFLEX LTDord$0-9,910-0.00%
ZIXI ExitZIX CORP$0-71,900-0.02%
TCOM ExitTRIP COM GROUP LTDads$0-20,000-0.02%
DESP ExitDESPEGAR COM CORP$0-183,526-0.04%
MGP ExitMGM GROWTH PPTYS LLC$0-43,300-0.05%
MMYT ExitMAKEMYTRIP LIMITED MAURITIUS$0-131,288-0.08%
ANGI ExitANGI HOMESERVICES INC$0-200,000-0.08%
SKYW ExitSKYWEST INC$0-143,984-0.16%
EVER ExitEVERQUOTE INC$0-125,000-0.18%
CARG ExitCARGURUS INC$0-400,000-0.33%
CHGG ExitCHEGG INC$0-125,000-0.34%
GLPI ExitGAMING & LEISURE PPTYS INC$0-243,869-0.34%
PCYO ExitPURECYCLE CORP$0-1,000,000-0.34%
TREE ExitLENDINGTREE INC NEW$0-30,000-0.35%
VLRS ExitCONTROLADORA VUELA COMP DE Aspon adr rp 10$0-1,735,000-0.47%
CAR ExitAVIS BUDGET GROUP$0-521,850-0.52%
PENN ExitPENN NATL GAMING INC$0-201,300-0.56%
SAVE ExitSPIRIT AIRLS INC$0-1,000,000-0.61%
CVNA ExitCARVANA COcl a$0-80,000-0.68%
GRPN ExitGROUPON INC$0-940,775-0.73%
JBLU ExitJETBLUE AWYS CORP$0-2,000,000-0.86%
AAL ExitAMERICAN AIRLS GROUP INC$0-2,019,000-0.94%
RRR ExitRED ROCK RESORTS INCcl a$0-1,669,619-1.08%
SCHW ExitSCHWAB CHARLES CORP$0-900,000-1.24%
TRVG ExitTRIVAGO N V$0-21,229,796-1.25%
PFSI ExitPENNYMAC FINL SVCS INC NEW$0-761,600-1.68%
TRUE ExitTRUECAR INC$0-10,299,504-1.95%
BYD ExitBOYD GAMING CORP$0-1,704,537-1.98%
TRWH ExitTWIN RIV WORLDWIDE HLDGS INC$0-2,752,184-2.74%
ALK ExitALASKA AIR GROUP INC$0-2,060,625-2.86%
V ExitVISA INC$0-450,000-3.41%
LUV ExitSOUTHWEST AIRLS CO$0-2,563,800-3.65%
SABR ExitSABRE CORP$0-14,776,044-3.65%
DVA ExitDAVITA INC$0-1,216,385-3.95%
DAL ExitDELTA AIR LINES INC DEL$0-3,526,450-4.09%
WEX ExitWEX INC$0-868,000-4.57%
ALGT ExitALLEGIANT TRAVEL CO$0-1,255,535-5.70%
TRIP ExitTRIPADVISOR INC$0-8,415,258-6.25%
CHDN ExitCHURCHILL DOWNS INC$0-1,023,720-6.36%
SYF ExitSYNCHRONY FINANCIAL$0-6,575,000-6.52%
EXPE ExitEXPEDIA GROUP INC$0-2,523,617-8.77%
UAL ExitUNITED AIRLS HLDGS INC$0-7,638,291-10.06%
BKNG ExitBOOKING HOLDINGS INC$0-162,100-10.52%
Q3 2020
 Value Shares↓ Weighting
BKNG SellBOOKING HOLDINGS INC$277,301
-45.0%
162,100
-48.8%
10.52%
-45.6%
UAL BuyUNITED AIRLS HLDGS INC$265,431
+1.4%
7,638,291
+1.0%
10.06%
+0.2%
EXPE BuyEXPEDIA GROUP INC$231,390
+16.1%
2,523,617
+4.1%
8.77%
+14.7%
SYF BuySYNCHRONY FINANCIAL$172,068
+19.5%
6,575,000
+1.2%
6.52%
+18.0%
CHDN SellCHURCHILL DOWNS INC$167,706
+20.1%
1,023,720
-2.4%
6.36%
+18.6%
TRIP BuyTRIPADVISOR INC$164,855
+231.9%
8,415,258
+222.0%
6.25%
+227.8%
ALGT SellALLEGIANT TRAVEL CO$150,413
+8.4%
1,255,535
-1.2%
5.70%
+7.1%
WEX BuyWEX INC$120,626
-8.6%
868,000
+8.5%
4.57%
-9.7%
DAL BuyDELTA AIR LINES INC DEL$107,839
+9.3%
3,526,450
+0.3%
4.09%
+8.0%
DVA SellDAVITA INC$104,183
-37.1%
1,216,385
-41.8%
3.95%
-37.8%
SABR BuySABRE CORP$96,192
+156.3%
14,776,044
+217.3%
3.65%
+153.1%
LUV BuySOUTHWEST AIRLS CO$96,143
+10.4%
2,563,800
+0.6%
3.65%
+9.1%
ALK BuyALASKA AIR GROUP INC$75,481
+108.2%
2,060,625
+106.1%
2.86%
+105.6%
TRWH BuyTWIN RIV WORLDWIDE HLDGS INC$72,300
+17.9%
2,752,184
+0.0%
2.74%
+16.4%
BYD SellBOYD GAMING CORP$52,312
+7.9%
1,704,537
-26.5%
1.98%
+6.7%
PFSI SellPENNYMAC FINL SVCS INC NEW$44,264
+12.1%
761,600
-19.4%
1.68%
+10.7%
TRVG BuyTRIVAGO N V$32,906
-20.6%
21,229,796
+1.0%
1.25%
-21.5%
SCHW BuySCHWAB CHARLES CORP$32,607
+24.7%
900,000
+16.1%
1.24%
+23.1%
RRR BuyRED ROCK RESORTS INCcl a$28,550
+60.8%
1,669,619
+2.6%
1.08%
+59.0%
AAL SellAMERICAN AIRLS GROUP INC$24,814
-29.7%
2,019,000
-25.2%
0.94%
-30.5%
CVNA SellCARVANA COcl a$17,845
-59.7%
80,000
-78.3%
0.68%
-60.2%
PENN SellPENN NATL GAMING INC$14,635
-31.7%
201,300
-71.3%
0.56%
-32.5%
CAR NewAVIS BUDGET GROUP$13,735521,8500.52%
VLRS BuyCONTROLADORA VUELA COMP DE Aspon adr rp 10$12,509
+100.1%
1,735,000
+46.6%
0.47%
+97.5%
TREE SellLENDINGTREE INC NEW$9,207
-9.1%
30,000
-14.3%
0.35%
-10.3%
PCYO SellPURECYCLE CORP$9,010
-19.6%
1,000,000
-18.0%
0.34%
-20.5%
GLPI SellGAMING & LEISURE PPTYS INC$9,006
-33.3%
243,869
-37.5%
0.34%
-34.2%
MGP SellMGM GROWTH PPTYS LLC$1,212
-29.6%
43,300
-31.6%
0.05%
-30.3%
DVD ExitDOVER MOTORSPORTS INC$0-590,000-0.04%
PAGP ExitPLAINS GP HLDGS L Pltd partnr int a$0-120,000-0.04%
RDFN ExitREDFIN CORP$0-127,800-0.21%
ExitPENN NATL GAMING INCnote 2.750% 5/1$0-12,000,000-0.69%
Q2 2020
 Value Shares↓ Weighting
BKNG NewBOOKING HOLDINGS INC$503,886316,44419.34%
UAL NewUNITED AIRLS HLDGS INC$261,7077,561,59110.04%
EXPE NewEXPEDIA GROUP INC$199,2212,423,6177.65%
DVA NewDAVITA INC$165,5132,091,4006.35%
SYF NewSYNCHRONY FINANCIAL$144,0406,500,0005.53%
CHDN NewCHURCHILL DOWNS INC$139,6371,048,7205.36%
ALGT NewALLEGIANT TRAVEL CO$138,7711,270,6765.33%
WEX NewWEX INC$132,008800,0005.07%
DAL NewDELTA AIR LINES INC DEL$98,6523,517,0003.79%
LUV NewSOUTHWEST AIRLS CO$87,0912,548,0003.34%
V NewVISA INC$86,927450,0003.34%
TRWH NewTWIN RIV WORLDWIDE HLDGS INC$61,3262,751,2992.35%
TRIP NewTRIPADVISOR INC$49,6752,613,1001.91%
BYD NewBOYD GAMING CORP$48,4722,319,2371.86%
CVNA NewCARVANA COcl a$44,304368,5881.70%
TRVG NewTRIVAGO N V$41,42921,029,7961.59%
PFSI NewPENNYMAC FINL SVCS INC NEW$39,487944,9001.52%
SABR NewSABRE CORP$37,5314,656,4061.44%
ALK NewALASKA AIR GROUP INC$36,2601,000,0001.39%
AAL NewAMERICAN AIRLS GROUP INC$35,2892,700,0001.35%
TRUE NewTRUECAR INC$26,57310,299,5041.02%
SCHW NewSCHWAB CHARLES CORP$26,149775,0001.00%
JBLU NewJETBLUE AWYS CORP$21,8002,000,0000.84%
PENN NewPENN NATL GAMING INC$21,418701,3000.82%
NewPENN NATL GAMING INCnote 2.750% 5/1$18,05012,000,0000.69%
SAVE NewSPIRIT AIRLS INC$17,8001,000,0000.68%
RRR NewRED ROCK RESORTS INCcl a$17,7531,627,2480.68%
GRPN NewGROUPON INC$17,047940,7750.65%
GLPI NewGAMING & LEISURE PPTYS INC$13,496390,0560.52%
PCYO NewPURECYCLE CORP$11,2031,219,0000.43%
TREE NewLENDINGTREE INC NEW$10,13435,0000.39%
CARG NewCARGURUS INC$10,140400,0000.39%
CHGG NewCHEGG INC$8,408125,0000.32%
EVER NewEVERQUOTE INC$7,270125,0000.28%
VLRS NewCONTROLADORA VUELA COMP DE Aspon adr rp 10$6,2501,183,7000.24%
RDFN NewREDFIN CORP$5,356127,8000.21%
SKYW NewSKYWEST INC$4,697143,9840.18%
ANGI NewANGI HOMESERVICES INC$2,430200,0000.09%
MMYT NewMAKEMYTRIP LIMITED MAURITIUS$2,011131,2880.08%
MGP NewMGM GROWTH PPTYS LLC$1,72263,3000.07%
DESP NewDESPEGAR COM CORP$1,318183,5260.05%
PAGP NewPLAINS GP HLDGS L Pltd partnr int a$1,068120,0000.04%
DVD NewDOVER MOTORSPORTS INC$915590,0000.04%
TCOM NewTRIP COM GROUP LTDads$51820,0000.02%
ZIXI NewZIX CORP$49671,9000.02%
FLEX NewFLEX LTDord$1029,9100.00%
Q4 2019
 Value Shares↓ Weighting
FLEX ExitFLEX LTDord$0-9,910-0.00%
ZIXI ExitZIX CORP$0-71,900-0.01%
DVD ExitDOVER MOTORSPORTS INC$0-590,000-0.02%
CHGG ExitCHEGG INC$0-50,000-0.03%
MGM ExitMGM RESORTS INTERNATIONAL$0-70,000-0.03%
DESP ExitDESPEGAR COM CORP$0-183,526-0.04%
RLGY ExitREALOGY HLDGS CORP$0-350,000-0.04%
MMYT ExitMAKEMYTRIP LIMITED MAURITIUS$0-101,200-0.04%
EVER ExitEVERQUOTE INC$0-125,000-0.05%
PENN ExitPENN NATL GAMING INC$0-160,000-0.05%
IWM ExitISHARES TRput$0-200-0.06%
ANTM ExitANTHEM INC$0-20,000-0.08%
GSKY ExitGREENSKY INCcl a$0-812,871-0.10%
ABC ExitAMERISOURCEBERGEN CORP$0-75,000-0.11%
CAR ExitAVIS BUDGET GROUP INC$0-225,000-0.11%
TSG ExitSTARS GROUP INC$0-454,100-0.12%
TREE ExitLENDINGTREE INC NEW$0-26,400-0.14%
SEM ExitSELECT MED HLDGS CORP$0-567,708-0.16%
WBS ExitWEBSTER FINL CORP CONN$0-210,100-0.17%
HTZGQ ExitHERTZ GLOBAL HLDGS INCcall$0-8,000-0.20%
CAR ExitAVIS BUDGET GROUP INCput$0-4,547-0.22%
BCEI ExitBONANZA CREEK ENERGY INC$0-601,714-0.23%
VLRS ExitCONTROLADORA VUELA CIA DE AVspon adr rp 10$0-1,465,886-0.25%
GRUB ExitGRUBHUB INC$0-350,000-0.34%
QNST ExitQUINSTREET INC$0-1,767,697-0.38%
CVNA ExitCARVANA COcl a$0-345,000-0.39%
SKYW ExitSKYWEST INC$0-458,884-0.46%
PFSI ExitPENNYMAC FINL SVCS INC$0-950,000-0.50%
IGT ExitINTERNATIONAL GAME TECHNOLOG$0-2,132,747-0.52%
TRUE ExitTRUECAR INC$0-10,299,504-0.61%
EHTH ExitEHEALTH INC$0-531,142-0.61%
RRR ExitRED ROCK RESORTS INCcl a$0-1,771,257-0.62%
TRWH ExitTWIN RIV WORLDWIDE HLDGS INC$0-1,617,481-0.64%
BYD ExitBOYD GAMING CORP$0-2,424,195-1.00%
PCYO ExitPURECYCLE CORP$0-5,982,970-1.06%
FB ExitFACEBOOK INCcl a$0-357,800-1.10%
V ExitVISA INC$0-450,000-1.34%
TRVG ExitTRIVAGO N V$0-21,029,796-1.50%
TRIP ExitTRIPADVISOR INC$0-2,304,017-1.54%
SYF ExitSYNCHRONY FINL$0-2,795,000-1.65%
HTZGQ ExitHERTZ GLOBAL HLDGS INC$0-7,974,607-1.91%
WEX ExitWEX INC$0-725,000-2.54%
GRPN ExitGROUPON INC$0-56,645,000-2.61%
JBLU ExitJETBLUE AWYS CORP$0-9,978,600-2.89%
ALK ExitALASKA AIR GROUP INC$0-2,710,000-3.05%
DVA ExitDAVITA INC$0-4,159,000-4.11%
ALGT ExitALLEGIANT TRAVEL CO$0-1,625,000-4.21%
CHDN ExitCHURCHILL DOWNS INC$0-2,155,951-4.61%
BKNG ExitBOOKING HLDGS INC$0-157,864-5.36%
DAL ExitDELTA AIR LINES INC DEL$0-8,500,000-8.48%
UAL ExitUNITED AIRLINES HLDGS INC$0-14,046,389-21.50%
EXPE ExitEXPEDIA GROUP INC$0-9,534,627-22.19%
Q3 2019
 Value Shares↓ Weighting
EXPE BuyEXPEDIA GROUP INC$1,281,549
+1.3%
9,534,627
+0.3%
22.19%
+4.7%
UAL SellUNITED AIRLINES HLDGS INC$1,241,841
-5.8%
14,046,389
-6.8%
21.50%
-2.7%
DAL SellDELTA AIR LINES INC DEL$489,600
-12.8%
8,500,000
-14.1%
8.48%
-9.8%
JBLU BuyJETBLUE AWYS CORP$167,142
+3.0%
9,978,600
+13.7%
2.89%
+6.4%
HTZGQ BuyHERTZ GLOBAL HLDGS INC$110,369
+17.4%
7,974,607
+35.4%
1.91%
+21.4%
SYF BuySYNCHRONY FINL$95,282
+3.7%
2,795,000
+5.5%
1.65%
+7.2%
TRVG BuyTRIVAGO N V$86,432
-0.7%
21,029,796
+1.7%
1.50%
+2.7%
BYD BuyBOYD GAMING CORP$58,059
-8.7%
2,424,195
+2.8%
1.00%
-5.5%
TRWH BuyTWIN RIV WORLDWIDE HLDGS INC$36,927
-15.4%
1,617,481
+10.2%
0.64%
-12.6%
RRR BuyRED ROCK RESORTS INCcl a$35,965
+1.7%
1,771,257
+7.6%
0.62%
+5.2%
IGT BuyINTERNATIONAL GAME TECHNOLOG$30,306
+13.3%
2,132,747
+3.4%
0.52%
+17.2%
VLRS BuyCONTROLADORA VUELA CIA DE AVspon adr rp 10$14,674
+15.2%
1,465,886
+8.0%
0.25%
+19.2%
BCEI SellBONANZA CREEK ENERGY INC$13,472
-31.7%
601,714
-36.3%
0.23%
-29.4%
CAR NewAVIS BUDGET GROUP INCput$12,8504,5470.22%
HTZGQ BuyHERTZ GLOBAL HLDGS INCcall$11,336
+136.8%
8,000
+166.7%
0.20%
+145.0%
TSG SellSTARS GROUP INC$6,802
-21.0%
454,100
-9.9%
0.12%
-18.1%
GSKY BuyGREENSKY INCcl a$5,564
-37.4%
812,871
+12.4%
0.10%
-35.6%
PENN BuyPENN NATL GAMING INC$2,980
+106.2%
160,000
+113.3%
0.05%
+116.7%
MGM NewMGM RESORTS INTERNATIONAL$1,94070,0000.03%
CHGG NewCHEGG INC$1,49850,0000.03%
TPX ExitTEMPUR SEALY INTL INC$0-50,000-0.06%
SEMG ExitSEMGROUP CORPcl a$0-537,779-0.11%
Z ExitZILLOW GROUP INCcl c cap stk$0-155,000-0.12%
Q2 2019
 Value Shares↓ Weighting
UAL NewUNITED CONTL HLDGS INC$1,318,82515,063,68322.09%
EXPE NewEXPEDIA GROUP INC$1,265,0669,509,62721.19%
DAL NewDELTA AIR LINES INC DEL$561,3259,891,1909.40%
BKNG NewBOOKING HLDGS INC$295,949157,8644.96%
CHDN NewCHURCHILL DOWNS INC$248,0852,155,9514.16%
DVA NewDAVITA INC$233,9854,159,0003.92%
ALGT NewALLEGIANT TRAVEL CO$233,1881,625,0003.91%
GRPN NewGROUPON INC$202,78956,645,0003.40%
ALK NewALASKA AIR GROUP INC$173,1962,710,0002.90%
JBLU NewJETBLUE AWYS CORP$162,3168,778,6002.72%
WEX NewWEX INC$150,873725,0002.53%
TRIP NewTRIPADVISOR INC$106,6532,304,0171.79%
HTZGQ NewHERTZ GLOBAL HLDGS INC$93,9825,888,5761.57%
SYF NewSYNCHRONY FINL$91,8762,650,0001.54%
TRVG NewTRIVAGO N V$87,03720,673,7961.46%
V NewVISA INC$78,098450,0001.31%
FB NewFACEBOOK INCcl a$69,055357,8001.16%
BYD NewBOYD GAMING CORP$63,5572,359,1951.06%
PCYO NewPURECYCLE CORP$63,4195,982,9701.06%
TRUE NewTRUECAR INC$56,23510,299,5040.94%
EHTH NewEHEALTH INC$45,731531,1420.77%
TRWH NewTWIN RIV WORLDWIDE HLDGS INC$43,6501,467,2320.73%
RRR NewRED ROCK RESORTS INCcl a$35,3621,646,2570.59%
QNST NewQUINSTREET INC$28,0181,767,6970.47%
SKYW NewSKYWEST INC$27,840458,8840.47%
GRUB NewGRUBHUB INC$27,297350,0000.46%
IGT NewINTERNATIONAL GAME TECHNOLOG$26,7542,062,7470.45%
CVNA NewCARVANA COcl a$21,594345,0000.36%
PFSI NewPENNYMAC FINL SVCS INC$21,071950,0000.35%
BCEI NewBONANZA CREEK ENERGY INC$19,732945,0140.33%
VLRS NewCONTROLADORA VUELA CIA DE AVspon adr rp 10$12,7371,357,8890.21%
TREE NewLENDINGTREE INC NEW$11,08926,4000.19%
WBS NewWEBSTER FINL CORP CONN$10,036210,1000.17%
SEM NewSELECT MED HLDGS CORP$9,010567,7080.15%
GSKY NewGREENSKY INCcl a$8,891723,4000.15%
TSG NewSTARS GROUP INC$8,605504,1000.14%
CAR NewAVIS BUDGET GROUP INC$7,911225,0000.13%
Z NewZILLOW GROUP INCcl c cap stk$7,190155,0000.12%
SEMG NewSEMGROUP CORPcl a$6,453537,7790.11%
ABC NewAMERISOURCEBERGEN CORP$6,39575,0000.11%
ANTM NewANTHEM INC$5,64420,0000.10%
HTZGQ NewHERTZ GLOBAL HLDGS INCcall$4,7883,0000.08%
TPX NewTEMPUR SEALY INTL INC$3,66950,0000.06%
IWM NewISHARES TRput$3,1102000.05%
DESP NewDESPEGAR COM CORP$2,549183,5260.04%
RLGY NewREALOGY HLDGS CORP$2,534350,0000.04%
MMYT NewMAKEMYTRIP LIMITED MAURITIUS$2,510101,2000.04%
EVER NewEVERQUOTE INC$1,625125,0000.03%
PENN NewPENN NATL GAMING INC$1,44575,0000.02%
DVD NewDOVER MOTORSPORTS INC$1,227590,0000.02%
ZIXI NewZIX CORP$65471,9000.01%
FLEX NewFLEX LTDord$959,9100.00%
Q4 2018
 Value Shares↓ Weighting
DVD ExitDOVER MOTORSPORTS INC$0-671,931-0.02%
QNST ExitQUINSTREET INC$0-180,000-0.03%
DDE ExitDOVER DOWNS GAMING & ENTMT I$0-915,000-0.03%
MMYT ExitMAKEMYTRIP LIMITED MAURITIUS$0-101,200-0.03%
DESP ExitDESPEGAR COM CORP$0-183,526-0.04%
ABC ExitAMERISOURCEBERGEN CORP$0-50,000-0.05%
DKS ExitDICKS SPORTING GOODS INC$0-150,000-0.06%
VLRS ExitCONTROLADORA VUELA CIA DE AVspon adr rp 10$0-729,600-0.06%
GWR ExitGENESEE & WYO INCcl a$0-60,000-0.06%
SWN ExitSOUTHWESTERN ENERGY CO$0-1,100,000-0.06%
MLCO ExitMELCO RESORT ENTERTAINMENT Ladr$0-275,000-0.07%
TREE ExitLENDINGTREE INC NEW$0-26,400-0.07%
BMCH ExitBMC STK HLDGS INC$0-344,000-0.07%
CAR ExitAVIS BUDGET GROUP$0-204,000-0.08%
STAY ExitEXTENDED STAY AMER INCunit 99/99/9999b$0-475,000-0.11%
ExitCAESARS ENTMT CORPnote 5.000%10/0$0-5,933,044-0.11%
SEM ExitSELECT MED HLDGS CORP$0-617,408-0.13%
WBS ExitWEBSTER FINL CORP CONN$0-210,100-0.14%
CI ExitCIGNA CORPORATION$0-70,000-0.17%
PFSI ExitPENNYMAC FINL SVCS INCcl a$0-700,000-0.17%
TUESQ ExitTUESDAY MORNING CORP$0-4,568,600-0.17%
TVTY ExitTIVITY HEALTH INC$0-477,042-0.18%
SEMG ExitSEMGROUP CORPcl a$0-762,779-0.19%
ANGI ExitANGI HOMESERVICES INC$0-802,040-0.22%
ANTM ExitANTHEM INC$0-70,000-0.22%
EHTH ExitEHEALTH INC$0-711,517-0.23%
CVNA ExitCARVANA COcl a$0-346,163-0.24%
EXP ExitEAGLE MATERIALS INC$0-274,781-0.27%
WYNN ExitWYNN RESORTS LTD$0-185,000-0.27%
BCEI ExitBONANZA CREEK ENERGY INC$0-813,000-0.28%
YELP ExitYELP INCcl a$0-500,000-0.28%
GRPN ExitGROUPON INC$0-6,950,000-0.30%
AAP ExitADVANCE AUTO PARTS INC$0-180,000-0.35%
MGM ExitMGM RESORTS INTERNATIONAL$0-1,230,000-0.39%
SYF ExitSYNCHRONY FINL$0-1,110,000-0.40%
ORLY ExitO REILLY AUTOMOTIVE INC NEW$0-100,000-0.40%
TSG ExitSTARS GROUP INC$0-1,604,843-0.46%
RRR ExitRED ROCK RESORTS INCcl a$0-1,629,000-0.50%
HOME ExitAT HOME GROUP INC$0-1,428,500-0.52%
DOOR ExitMASONITE INTL CORP NEW$0-748,926-0.55%
CSGP ExitCOSTAR GROUP INC$0-115,000-0.56%
PENN ExitPENN NATL GAMING INC$0-1,859,904-0.70%
JBLU ExitJETBLUE AIRWAYS CORP$0-3,193,290-0.71%
V ExitVISA INC$0-450,000-0.78%
PCYO ExitPURECYCLE CORP$0-5,982,970-0.79%
FB ExitFACEBOOK INCcl a$0-457,800-0.86%
TRVG ExitTRIVAGO N V$0-13,105,000-0.93%
ENT ExitGLOBAL EAGLE ENTMT INC$0-28,981,072-0.94%
WMS ExitADVANCED DRAIN SYS INC DEL$0-2,737,000-0.97%
WMB ExitWILLIAMS COS INC DEL$0-3,432,100-1.07%
HTZGQ ExitHERTZ GLOBAL HLDGS INC$0-5,888,576-1.10%
HRI ExitHERC HLDGS INC$0-1,907,400-1.12%
DY ExitDYCOM INDS INC$0-1,183,200-1.15%
STMP ExitSTAMPS COM INC$0-461,817-1.20%
TPX ExitTEMPUR SEALY INTL INC$0-2,048,000-1.24%
CONN ExitCONNS INC$0-3,077,166-1.25%
TRIP ExitTRIPADVISOR INC$0-2,387,893-1.40%
OC ExitOWENS CORNING NEW$0-2,263,230-1.41%
TRUE ExitTRUECAR INC$0-8,968,152-1.45%
DVA ExitDAVITA INC$0-1,812,700-1.49%
WEX ExitWEX INC$0-685,000-1.58%
IGT ExitINTERNATIONAL GAME TECHNOLOG$0-8,075,694-1.83%
CZR ExitCAESARS ENTMT CORP$0-15,614,986-1.84%
WLL ExitWHITING PETE CORP NEW$0-3,218,750-1.96%
ALK ExitALASKA AIR GROUP INC$0-2,500,000-1.98%
GLPI ExitGAMING & LEISURE PPTYS INC$0-4,951,040-2.00%
CTRP ExitCTRIP COM INTL LTD$0-5,056,200-2.16%
ERI ExitELDORADO RESORTS INC$0-3,926,940-2.19%
CHDN ExitCHURCHILL DOWNS INC$0-693,966-2.21%
ALGT ExitALLEGIANT TRAVEL CO$0-1,583,000-2.30%
BYD ExitBOYD GAMING CORP$0-6,427,071-2.50%
BKNG ExitBOOKING HLDGS INC$0-138,505-3.15%
LUV ExitSOUTHWEST AIRLS CO$0-4,867,800-3.49%
MCK ExitMCKESSON CORP$0-3,300,000-5.02%
DAL ExitDELTA AIR LINES INC DEL$0-13,265,809-8.80%
EXPE ExitEXPEDIA GROUP INC$0-7,964,254-11.93%
UAL ExitUNITED CONTL HLDGS INC$0-15,624,152-15.97%
Q3 2018
 Value Shares↓ Weighting
UAL BuyUNITED CONTL HLDGS INC$1,391,487
+28.1%
15,624,152
+0.3%
15.97%
+30.7%
EXPE SellEXPEDIA GROUP INC$1,039,176
+7.8%
7,964,254
-0.7%
11.93%
+10.0%
DAL SellDELTA AIR LINES INC DEL$767,162
+15.9%
13,265,809
-0.7%
8.80%
+18.2%
MCK SellMCKESSON CORP$437,745
-21.4%
3,300,000
-21.0%
5.02%
-19.8%
BYD BuyBOYD GAMING CORP$217,556
+1.1%
6,427,071
+3.5%
2.50%
+3.1%
ALGT NewALLEGIANT TRAVEL CO$200,7241,583,0002.30%
CHDN SellCHURCHILL DOWNS INC$192,714
-22.6%
693,966
-17.4%
2.21%
-21.1%
ERI SellELDORADO RESORTS INC$190,849
-10.1%
3,926,940
-27.6%
2.19%
-8.2%
CTRP BuyCTRIP COM INTL LTD$187,939
+9765.6%
5,056,200
+12540.5%
2.16%
+10171.4%
GLPI SellGAMING & LEISURE PPTYS INC$174,524
-20.3%
4,951,040
-19.0%
2.00%
-18.6%
CZR BuyCAESARS ENTMT CORP$160,054
+9.9%
15,614,986
+14.7%
1.84%
+12.1%
IGT BuyINTERNATIONAL GAME TECHNOLOG$159,495
-1.3%
8,075,694
+16.1%
1.83%
+0.7%
DVA BuyDAVITA INC$129,844
+23.6%
1,812,700
+19.8%
1.49%
+26.1%
OC BuyOWENS CORNING NEW$122,825
-9.4%
2,263,230
+5.8%
1.41%
-7.5%
TRIP SellTRIPADVISOR INC$121,950
-21.9%
2,387,893
-14.8%
1.40%
-20.3%
CONN BuyCONNS INC$108,778
+8.7%
3,077,166
+1.5%
1.25%
+10.9%
STMP BuySTAMPS COM INC$104,463
+0.2%
461,817
+12.1%
1.20%
+2.3%
DY BuyDYCOM INDS INC$100,099
-2.1%
1,183,200
+9.4%
1.15%
-0.1%
HRI BuyHERC HLDGS INC$97,659
+8.3%
1,907,400
+19.2%
1.12%
+10.6%
WMB SellWILLIAMS COS INC DEL$93,319
-6.0%
3,432,100
-6.3%
1.07%
-4.1%
TRVG BuyTRIVAGO N V$80,727
+191.3%
13,105,000
+114.7%
0.93%
+197.1%
FB SellFACEBOOK INCcl a$75,290
-44.5%
457,800
-34.4%
0.86%
-43.3%
HOME BuyAT HOME GROUP INC$45,041
+23.9%
1,428,500
+53.9%
0.52%
+26.4%
RRR SellRED ROCK RESORTS INCcl a$43,413
-32.1%
1,629,000
-14.7%
0.50%
-30.7%
TSG BuySTARS GROUP INC$39,961
+11.4%
1,604,843
+62.4%
0.46%
+13.9%
SYF BuySYNCHRONY FINL$34,499
-1.3%
1,110,000
+6.0%
0.40%
+0.8%
GRPN BuyGROUPON INC$26,202
+25.1%
6,950,000
+42.7%
0.30%
+27.5%
YELP NewYELP INCcl a$24,600500,0000.28%
BCEI BuyBONANZA CREEK ENERGY INC$24,211
-15.1%
813,000
+8.0%
0.28%
-13.4%
WYNN BuyWYNN RESORTS LTD$23,506
+40.5%
185,000
+85.0%
0.27%
+43.6%
CVNA SellCARVANA COcl a$20,455
+34.0%
346,163
-5.6%
0.24%
+36.6%
EHTH SellEHEALTH INC$20,107
+11.8%
711,517
-12.6%
0.23%
+14.4%
ANTM NewANTHEM INC$19,18470,0000.22%
TVTY SellTIVITY HEALTH INC$15,337
-54.2%
477,042
-49.9%
0.18%
-53.3%
PFSI BuyPENNYMAC FINL SVCS INCcl a$14,630
+9.8%
700,000
+3.3%
0.17%
+12.0%
CI NewCIGNA CORPORATION$14,57870,0000.17%
STAY NewEXTENDED STAY AMER INCunit 99/99/9999b$9,609475,0000.11%
CAR BuyAVIS BUDGET GROUP$6,557
+23.0%
204,000
+24.4%
0.08%
+25.0%
BMCH SellBMC STK HLDGS INC$6,416
-60.3%
344,000
-55.6%
0.07%
-59.3%
MLCO BuyMELCO RESORT ENTERTAINMENT Ladr$5,816
+38.5%
275,000
+83.3%
0.07%
+42.6%
SWN SellSOUTHWESTERN ENERGY CO$5,621
-55.8%
1,100,000
-54.2%
0.06%
-54.5%
VLRS BuyCONTROLADORA VUELA CIA DE AVspon adr rp 10$5,443
+52.1%
729,600
+3.5%
0.06%
+55.0%
DDE NewDOVER DOWNS GAMING & ENTMT I$2,599915,0000.03%
ARLZ ExitARALEZ PHARMACEUTICALS INC$0-481,400-0.00%
PAGP ExitPLAINS GP HLDGS L Pltd partnr int a$0-350,000-0.09%
CSX ExitCSX CORP$0-388,000-0.28%
APC ExitANADARKO PETE CORP$0-500,000-0.41%
AAL ExitAMERICAN AIRLS GROUP INC$0-1,318,851-0.56%
SERV ExitSERVICEMASTER GLOBAL HLDGS I$0-1,072,500-0.72%
EVHC ExitENVISION HEALTHCARE CORP$0-1,850,000-0.92%
ZG ExitZILLOW GROUP INCcl a$0-1,693,600-1.14%
CHGG ExitCHEGG INC$0-4,621,948-1.44%
Z ExitZILLOW GROUP INCcl c cap stk$0-3,882,041-2.58%
GRUB ExitGRUBHUB INC$0-2,831,400-3.34%
Q2 2018
 Value Shares↓ Weighting
UAL NewUNITED CONTL HLDGS INC$1,085,98615,574,15212.22%
EXPE NewEXPEDIA GROUP INC$963,6778,017,94410.84%
DAL NewDELTA AIR LINES INC DEL$662,14213,365,8097.45%
MCK NewMCKESSON CORP$557,1454,176,5006.27%
GRUB NewGRUBHUB INC$297,0422,831,4003.34%
BKNG NewBOOKING HLDGS INC$280,762138,5053.16%
CHDN NewCHURCHILL DOWNS INC$249,050839,9662.80%
LUV NewSOUTHWEST AIRLS CO$247,6744,867,8002.79%
Z NewZILLOW GROUP INCcl c cap stk$229,2733,882,0412.58%
GLPI NewGAMING & LEISURE PPTYS INC$218,8526,113,1722.46%
BYD NewBOYD GAMING CORP$215,2076,209,1012.42%
ERI NewELDORADO RESORTS INC$212,1935,426,9402.39%
WLL NewWHITING PETE CORP NEW$169,6933,218,7501.91%
IGT NewINTERNATIONAL GAME TECHNOLOG$161,6346,955,0001.82%
TRIP NewTRIPADVISOR INC$156,2092,803,9691.76%
ALK NewALASKA AIR GROUP INC$150,9752,500,0001.70%
CZR NewCAESARS ENTMT CORP$145,66213,613,2571.64%
FB NewFACEBOOK INCcl a$135,596697,8001.52%
OC NewOWENS CORNING NEW$135,5002,138,2301.52%
WEX NewWEX INC$130,479685,0001.47%
CHGG NewCHEGG INC$128,4444,621,9481.44%
DVA NewDAVITA INC$105,0421,512,7001.18%
STMP NewSTAMPS COM INC$104,210411,8171.17%
DY NewDYCOM INDS INC$102,2601,082,0001.15%
ZG NewZILLOW GROUP INCcl a$101,1931,693,6001.14%
CONN NewCONNS INC$100,0553,031,9661.13%
WMB NewWILLIAMS COS INC DEL$99,2803,662,1001.12%
TPX NewTEMPUR SEALY INTL INC$98,4062,048,0001.11%
TRUE NewTRUECAR INC$90,4898,968,1521.02%
HTZGQ NewHERTZ GLOBAL HLDGS INC$90,3315,888,5761.02%
HRI NewHERC HLDGS INC$90,1441,600,0001.01%
EVHC NewENVISION HEALTHCARE CORP$81,4191,850,0000.92%
WMS NewADVANCED DRAIN SYS INC DEL$78,1412,737,0000.88%
ENT NewGLOBAL EAGLE ENTMT INC$73,03228,981,0720.82%
RRR NewRED ROCK RESORTS INCcl a$63,9521,909,0000.72%
SERV NewSERVICEMASTER GLOBAL HLDGS I$63,7821,072,5000.72%
PENN NewPENN NATL GAMING INC$62,4741,859,9040.70%
JBLU NewJETBLUE AIRWAYS CORP$60,6093,193,2900.68%
V NewVISA INC$59,603450,0000.67%
PCYO NewPURECYCLE CORP$57,1375,982,9700.64%
DOOR NewMASONITE INTL CORP NEW$53,810748,9260.60%
AAL NewAMERICAN AIRLS GROUP INC$50,0641,318,8510.56%
CSGP NewCOSTAR GROUP INC$47,452115,0000.53%
APC NewANADARKO PETE CORP$36,625500,0000.41%
HOME NewAT HOME GROUP INC$36,351928,5000.41%
TSG NewSTARS GROUP INC$35,866988,0430.40%
MGM NewMGM RESORTS INTERNATIONAL$35,7071,230,0000.40%
SYF NewSYNCHRONY FINL$34,9401,046,7420.39%
TVTY NewTIVITY HEALTH INC$33,499951,6830.38%
EXP NewEAGLE MATERIALS INC$28,844274,7810.32%
BCEI NewBONANZA CREEK ENERGY INC$28,516753,0000.32%
TRVG NewTRIVAGO N V$27,7176,105,0000.31%
ORLY NewO REILLY AUTOMOTIVE INC NEW$27,357100,0000.31%
CSX NewCSX CORP$24,747388,0000.28%
AAP NewADVANCE AUTO PARTS INC$24,426180,0000.28%
GRPN NewGROUPON INC$20,9424,870,2000.24%
SEMG NewSEMGROUP CORPcl a$19,375762,7790.22%
EHTH NewEHEALTH INC$17,986813,8560.20%
WYNN NewWYNN RESORTS LTD$16,734100,0000.19%
BMCH NewBMC STK HLDGS INC$16,163775,2000.18%
CVNA NewCARVANA COcl a$15,260366,8350.17%
TUESQ NewTUESDAY MORNING CORP$13,9344,568,6000.16%
WBS NewWEBSTER FINL CORP CONN$13,383210,1000.15%
PFSI NewPENNYMAC FINL SVCS INCcl a$13,319677,8000.15%
SWN NewSOUTHWESTERN ENERGY CO$12,7202,400,0000.14%
ANGI NewANGI HOMESERVICES INC$12,335802,0400.14%
SEM NewSELECT MED HLDGS CORP$11,206617,4080.13%
NewCAESARS ENTMT CORPnote 5.000%10/0$10,2415,933,0440.12%
PAGP NewPLAINS GP HLDGS L Pltd partnr int a$8,369350,0000.09%
TREE NewLENDINGTREE INC NEW$5,64426,4000.06%
CAR NewAVIS BUDGET GROUP$5,330164,0000.06%
DKS NewDICKS SPORTING GOODS INC$5,288150,0000.06%
GWR NewGENESEE & WYO INCcl a$4,87960,0000.06%
ABC NewAMERISOURCEBERGEN CORP$4,26450,0000.05%
MLCO NewMELCO RESORT ENTERTAINMENT Ladr$4,200150,0000.05%
DESP NewDESPEGAR COM CORP$3,849183,5260.04%
MMYT NewMAKEMYTRIP LIMITED MAURITIUS$3,658101,2000.04%
VLRS NewCONTROLADORA VUELA CIA DE AVspon adr rp 10$3,579704,6000.04%
QNST NewQUINSTREET INC$2,286180,0000.03%
CTRP NewCTRIP COM INTL LTD$1,90540,0000.02%
DVD NewDOVER MOTORSPORTS INC$1,512671,9310.02%
ARLZ NewARALEZ PHARMACEUTICALS INC$168481,4000.00%
Q4 2017
 Value Shares↓ Weighting
BV ExitBAZAARVOICE INC$0-60,000-0.00%
LC ExitLENDINGCLUB CORP$0-80,000-0.01%
WIX ExitWIX COM LTD$0-9,000-0.01%
GDDY ExitGODADDY INCcl a$0-17,000-0.01%
WEB ExitWEB COM GROUP INC$0-38,202-0.01%
PNK ExitPINNACLE ENTMT INC NEW$0-50,854-0.01%
RATE ExitBANKRATE INC DEL$0-79,000-0.01%
DVD ExitDOVER MOTORSPORTS INC$0-671,931-0.02%
CTRP ExitCTRIP COM INTL LTD$0-40,000-0.02%
PAGP ExitPLAINS GP HLDGS L Pltd partnr int a$0-100,000-0.02%
XON ExitINTREXON CORP$0-176,410-0.04%
DKS ExitDICKS SPORTING GOODS INC$0-150,000-0.05%
CVNA ExitCARVANA COcl a$0-411,000-0.07%
QTWO ExitQ2 HLDGS INC$0-165,000-0.08%
FB ExitFACEBOOK INCcl a$0-40,000-0.08%
FRC ExitFIRST REP BK SAN FRANCISCO C$0-80,000-0.10%
SYF ExitSYNCHRONY FINL$0-300,000-0.11%
PFSI ExitPENNYMAC FINL SVCS INCcl a$0-550,000-0.11%
EHTH ExitEHEALTH INC$0-450,858-0.12%
WBS ExitWEBSTER FINL CORP CONN$0-210,100-0.12%
PGTI ExitPGT INNOVATIONS INC$0-761,394-0.13%
SEM ExitSELECT MED HLDGS CORP$0-617,208-0.14%
CACQ ExitCAESARS ACQUISITION COcl a$0-560,719-0.14%
AAP ExitADVANCE AUTO PARTS INC$0-125,000-0.14%
TVTY ExitTIVITY HEALTH INC$0-340,000-0.16%
TUESQ ExitTUESDAY MORNING CORP$0-4,438,200-0.16%
BCEI ExitBONANZA CREEK ENERGY INC$0-436,900-0.16%
ARLZ ExitARALEZ PHARMACEUTICALS INC$0-6,400,000-0.17%
GRPN ExitGROUPON INC$0-3,370,200-0.20%
RAD ExitRITE AID CORP$0-9,000,000-0.20%
PRSC ExitPROVIDENCE SVC CORP$0-350,000-0.22%
BMCH ExitBMC STK HLDGS INC$0-975,200-0.24%
APC ExitANADARKO PETE CORP$0-500,000-0.28%
SEMG ExitSEMGROUP CORPcl a$0-877,600-0.29%
ORLY ExitO REILLY AUTOMOTIVE INC NEW$0-125,000-0.31%
EXP ExitEAGLE MATERIALS INC$0-274,781-0.33%
CSGP ExitCOSTAR GROUP INC$0-115,000-0.35%
TRVG ExitTRIVAGO N V$0-3,000,000-0.37%
CSX ExitCSX CORP$0-725,000-0.45%
STMP ExitSTAMPS COM INC$0-203,717-0.47%
CP ExitCANADIAN PAC RY LTD$0-246,450-0.47%
V ExitVISA INC$0-400,000-0.48%
PENN ExitPENN NATL GAMING INC$0-1,808,113-0.48%
PCYO ExitPURECYCLE CORP$0-5,982,970-0.51%
WLL ExitWHITING PETE CORP NEW$0-8,965,000-0.56%
SERV ExitSERVICEMASTER GLOBAL HLDGS I$0-1,072,500-0.57%
DOOR ExitMASONITE INTL CORP NEW$0-738,926-0.58%
WMS ExitADVANCED DRAIN SYS INC DEL$0-2,737,000-0.63%
JBLU ExitJETBLUE AIRWAYS CORP$0-3,193,290-0.67%
ZG ExitZILLOW GROUP INCcl a$0-1,617,910-0.74%
HRI ExitHERC HLDGS INC$0-1,329,000-0.74%
WMB ExitWILLIAMS COS INC DEL$0-2,335,000-0.80%
WEX ExitWEX INC$0-660,000-0.84%
TRUE ExitTRUECAR INC$0-4,828,447-0.87%
AAL ExitAMERICAN AIRLS GROUP INC$0-1,666,351-0.90%
CONN ExitCONNS INC$0-3,040,000-0.97%
DY ExitDYCOM INDS INC$0-1,000,000-0.98%
RRR ExitRED ROCK RESORTS INCcl a$0-3,948,000-1.04%
CHGG ExitCHEGG INC$0-6,241,298-1.05%
IGT ExitINTERNATIONAL GAME TECHNOLOG$0-3,832,599-1.07%
MGM ExitMGM RESORTS INTERNATIONAL$0-2,962,700-1.10%
ENT ExitGLOBAL EAGLE ENTMT INC$0-28,981,072-1.13%
TRIP ExitTRIPADVISOR INC$0-2,695,569-1.24%
HTZGQ ExitHERTZ GLOBAL HLDGS INC$0-5,888,576-1.50%
TPX ExitTEMPUR SEALY INTL INC$0-2,048,000-1.50%
Z ExitZILLOW GROUP INCcl c cap stk$0-3,882,041-1.77%
HCA ExitHCA HEALTHCARE INC$0-2,000,000-1.81%
OC ExitOWENS CORNING NEW$0-2,151,015-1.89%
CHDN ExitCHURCHILL DOWNS INC$0-813,165-1.90%
GLPI ExitGAMING & LEISURE PPTYS INC$0-4,646,797-1.95%
ALK ExitALASKA AIR GROUP INC$0-2,500,000-2.17%
ERI ExitELDORADO RESORTS INC$0-7,474,779-2.18%
BYD ExitBOYD GAMING CORP$0-9,256,701-2.74%
CAR ExitAVIS BUDGET GROUP$0-6,400,608-2.77%
PCLN ExitPRICELINE GRP INC$0-138,005-2.87%
CI ExitCIGNA CORPORATION$0-1,500,000-3.19%
LUV ExitSOUTHWEST AIRLS CO$0-5,625,200-3.58%
GRUB ExitGRUBHUB INC$0-5,989,700-3.58%
MCK ExitMCKESSON CORP$0-3,776,200-6.59%
DAL ExitDELTA AIR LINES INC DEL$0-13,112,809-7.18%
EXPE ExitEXPEDIA INC DEL$0-7,808,983-12.77%
UAL ExitUNITED CONTL HLDGS INC$0-19,930,359-13.79%
Q3 2017
 Value Shares↓ Weighting
UAL BuyUNITED CONTL HLDGS INC$1,213,360
-1.0%
19,930,359
+22.3%
13.79%
+0.1%
EXPE SellEXPEDIA INC DEL$1,124,025
-3.4%
7,808,983
-0.1%
12.77%
-2.3%
DAL BuyDELTA AIR LINES INC DEL$632,300
-9.9%
13,112,809
+0.4%
7.18%
-8.9%
MCK BuyMCKESSON CORP$580,062
+7.9%
3,776,200
+15.6%
6.59%
+9.2%
GRUB SellGRUBHUB INC$315,418
+7.7%
5,989,700
-10.8%
3.58%
+9.0%
LUV BuySOUTHWEST AIRLS CO$314,899
-9.8%
5,625,200
+0.1%
3.58%
-8.7%
CI SellCIGNA CORPORATION$280,410
-38.0%
1,500,000
-44.4%
3.19%
-37.2%
CAR SellAVIS BUDGET GROUP$243,607
+36.6%
6,400,608
-2.1%
2.77%
+38.2%
OC SellOWENS CORNING NEW$166,381
+1.7%
2,151,015
-12.0%
1.89%
+2.8%
MGM SellMGM RESORTS INTERNATIONAL$96,554
-21.8%
2,962,700
-24.9%
1.10%
-20.9%
IGT BuyINTERNATIONAL GAME TECHNOLOG$94,090
+37.5%
3,832,599
+2.5%
1.07%
+39.2%
RRR BuyRED ROCK RESORTS INCcl a$91,436
+64.4%
3,948,000
+67.1%
1.04%
+66.2%
DY BuyDYCOM INDS INC$85,880
+27.9%
1,000,000
+33.3%
0.98%
+29.4%
CONN BuyCONNS INC$85,576
+49.3%
3,040,000
+1.3%
0.97%
+50.9%
WEX BuyWEX INC$74,065
+9.3%
660,000
+1.5%
0.84%
+10.5%
WMB SellWILLIAMS COS INC DEL$70,073
-31.6%
2,335,000
-31.0%
0.80%
-30.8%
HRI BuyHERC HLDGS INC$65,294
+26.9%
1,329,000
+1.5%
0.74%
+28.4%
DOOR BuyMASONITE INTL CORP NEW$51,134
+42.6%
738,926
+55.6%
0.58%
+44.2%
WLL BuyWHITING PETE CORP NEW$48,949
+17.4%
8,965,000
+18.5%
0.56%
+18.8%
STMP BuySTAMPS COM INC$41,283
+305.6%
203,717
+210.0%
0.47%
+311.4%
CSX SellCSX CORP$39,339
-36.2%
725,000
-35.8%
0.45%
-35.4%
TRVG SellTRIVAGO N V$32,550
-77.9%
3,000,000
-51.9%
0.37%
-77.7%
ORLY BuyO REILLY AUTOMOTIVE INC NEW$26,921
+64.1%
125,000
+66.7%
0.31%
+66.3%
APC BuyANADARKO PETE CORP$24,425
+111.3%
500,000
+96.1%
0.28%
+113.8%
GRPN BuyGROUPON INC$17,525
+230.7%
3,370,200
+144.2%
0.20%
+231.7%
BCEI BuyBONANZA CREEK ENERGY INC$14,413
+55.3%
436,900
+49.3%
0.16%
+57.7%
AAP NewADVANCE AUTO PARTS INC$12,400125,0000.14%
PGTI SellPGT INNOVATIONS INC$11,383
-23.4%
761,394
-34.4%
0.13%
-22.8%
WBS BuyWEBSTER FINL CORP CONN$11,041
+32.1%
210,100
+31.3%
0.12%
+33.0%
EHTH BuyEHEALTH INC$10,771
+663.9%
450,858
+501.1%
0.12%
+662.5%
PFSI BuyPENNYMAC FINL SVCS INCcl a$9,790
+12.7%
550,000
+5.8%
0.11%
+13.3%
CVNA BuyCARVANA COcl a$6,033
+474.6%
411,000
+701.2%
0.07%
+475.0%
DKS NewDICKS SPORTING GOODS INC$4,052150,0000.05%
PAGP NewPLAINS GP HLDGS L Pltd partnr int a$2,187100,0000.02%
RATE SellBANKRATE INC DEL$1,102
-58.9%
79,000
-62.2%
0.01%
-56.7%
WEB NewWEB COM GROUP INC$95538,2020.01%
GDDY NewGODADDY INCcl a$74017,0000.01%
WIX BuyWIX COM LTD$647
+132.7%
9,000
+125.0%
0.01%
+133.3%
LC NewLENDINGCLUB CORP$48780,0000.01%
BV SellBAZAARVOICE INC$297
-33.4%
60,000
-33.3%
0.00%
-40.0%
BV ExitBAZAARVOICE INCput$0-30,000-0.00%
CCRN ExitCROSS CTRY HEALTHCARE INC$0-24,000-0.00%
NCI ExitNAVIGANT CONSULTING INC$0-12,000-0.00%
TWLO ExitTWILIO INCcl a$0-15,000-0.01%
VLRS ExitCONTROLADORA VUELA CIA DE AVspon adr rp 10$0-34,600-0.01%
HUBS ExitHUBSPOT INC$0-10,000-0.01%
OLLI ExitOLLIES BARGAIN OUTLT HLDGS I$0-76,665-0.04%
THC ExitTENET HEALTHCARE CORP$0-600,000-0.13%
TREE ExitLENDINGTREE INC NEW$0-82,469-0.16%
Q2 2017
 Value Shares↓ Weighting
UAL NewUNITED CONTL HLDGS INC$1,226,17716,294,71113.77%
EXPE NewEXPEDIA INC DEL$1,164,0427,814,98313.07%
DAL NewDELTA AIR LINES INC DEL$702,15713,065,8097.89%
MCK NewMCKESSON CORP$537,4213,266,2006.04%
CI NewCIGNA CORPORATION$451,9532,700,0005.08%
LUV NewSOUTHWEST AIRLS CO$349,1155,618,2003.92%
GRUB NewGRUBHUB INC$292,8616,717,0003.29%
PCLN NewPRICELINE GRP INC$258,141138,0052.90%
BYD NewBOYD GAMING CORP$229,6599,256,7012.58%
ALK NewALASKA AIR GROUP INC$224,4002,500,0002.52%
Z NewZILLOW GROUP INCcl c cap stk$190,2593,882,0412.14%
CAR NewAVIS BUDGET GROUP$178,3626,540,6082.00%
GLPI NewGAMING & LEISURE PPTYS INC$175,0454,646,7971.97%
HCA NewHCA HEALTHCARE INC$174,4002,000,0001.96%
OC NewOWENS CORNING NEW$163,6032,444,7621.84%
ERI NewELDORADO RESORTS INC$149,4967,474,7791.68%
CHDN NewCHURCHILL DOWNS INC$149,053813,1651.67%
TRVG NewTRIVAGO N V$147,4966,234,0001.66%
MGM NewMGM RESORTS INTERNATIONAL$123,4333,944,8001.39%
TPX NewTEMPUR SEALY INTL INC$109,3432,048,0001.23%
ENT NewGLOBAL EAGLE ENTMT INC$103,17328,981,0721.16%
TRIP NewTRIPADVISOR INC$102,9712,695,5691.16%
WMB NewWILLIAMS COS INC DEL$102,4983,385,0001.15%
TRUE NewTRUECAR INC$96,2314,828,4471.08%
AAL NewAMERICAN AIRLS GROUP INC$83,8511,666,3510.94%
ZG NewZILLOW GROUP INCcl a$79,0191,617,9100.89%
CHGG NewCHEGG INC$76,7066,241,2980.86%
JBLU NewJETBLUE AIRWAYS CORP$72,9033,193,2900.82%
IGT NewINTERNATIONAL GAME TECHNOLOG$68,4203,738,7760.77%
WEX NewWEX INC$67,776650,0000.76%
HTZGQ NewHERTZ GLOBAL HLDGS INC$67,7195,888,5760.76%
DY NewDYCOM INDS INC$67,140750,0000.75%
CSX NewCSX CORP$61,6531,130,0000.69%
CONN NewCONNS INC$57,3003,000,0000.64%
RRR NewRED ROCK RESORTS INCcl a$55,6262,362,0320.62%
WMS NewADVANCED DRAIN SYS INC DEL$55,0142,737,0000.62%
HRI NewHERC HLDGS INC$51,4701,309,0000.58%
PCYO NewPURECYCLE CORP$46,3685,982,9700.52%
SERV NewSERVICEMASTER GLOBAL HLDGS I$42,0311,072,5000.47%
WLL NewWHITING PETE CORP NEW$41,6837,565,0000.47%
CP NewCANADIAN PAC RY LTD$39,632246,4500.44%
PENN NewPENN NATL GAMING INC$38,6941,808,1130.44%
V NewVISA INC$37,512400,0000.42%
DOOR NewMASONITE INTL CORP NEW$35,863475,0000.40%
CSGP NewCOSTAR GROUP INC$30,314115,0000.34%
RAD NewRITE AID CORP$26,5509,000,0000.30%
EXP NewEAGLE MATERIALS INC$25,395274,7810.28%
SEMG NewSEMGROUP CORPcl a$23,695877,6000.27%
BMCH NewBMC STK HLDGS INC$21,308975,2000.24%
PRSC NewPROVIDENCE SVC CORP$17,714350,0000.20%
ORLY NewO REILLY AUTOMOTIVE INC NEW$16,40675,0000.18%
PGTI NewPGT INNOVATIONS INC$14,8661,161,3940.17%
TREE NewLENDINGTREE INC NEW$14,20182,4690.16%
TVTY NewTIVITY HEALTH INC$13,549340,0000.15%
THC NewTENET HEALTHCARE CORP$11,604600,0000.13%
APC NewANADARKO PETE CORP$11,562255,0000.13%
CACQ NewCAESARS ACQUISITION COcl a$10,682560,7190.12%
STMP NewSTAMPS COM INC$10,17865,7170.11%
SEM NewSELECT MED HLDGS CORP$9,474617,2080.11%
BCEI NewBONANZA CREEK ENERGY INC$9,282292,7000.10%
SYF NewSYNCHRONY FINL$8,946300,0000.10%
PFSI NewPENNYMAC FINL SVCS INCcl a$8,684520,0000.10%
ARLZ NewARALEZ PHARMACEUTICALS INC$8,6406,400,0000.10%
TUESQ NewTUESDAY MORNING CORP$8,4334,438,2000.10%
WBS NewWEBSTER FINL CORP CONN$8,355160,0000.09%
FRC NewFIRST REP BK SAN FRANCISCO C$8,00880,0000.09%
QTWO NewQ2 HLDGS INC$6,097165,0000.07%
FB NewFACEBOOK INCcl a$6,03940,0000.07%
GRPN NewGROUPON INC$5,2991,380,0000.06%
XON NewINTREXON CORP$4,250176,4100.05%
OLLI NewOLLIES BARGAIN OUTLT HLDGS I$3,26676,6650.04%
RATE NewBANKRATE INC DEL$2,683208,7940.03%
CTRP NewCTRIP COM INTL LTD$2,15440,0000.02%
DVD NewDOVER MOTORSPORTS INC$1,411671,9310.02%
EHTH NewEHEALTH INC$1,41075,0000.02%
CVNA NewCARVANA COcl a$1,05051,3000.01%
PNK NewPINNACLE ENTMT INC NEW$1,00550,8540.01%
HUBS NewHUBSPOT INC$65810,0000.01%
VLRS NewCONTROLADORA VUELA CIA DE AVspon adr rp 10$50334,6000.01%
BV NewBAZAARVOICE INC$44690,0000.01%
TWLO NewTWILIO INCcl a$43715,0000.01%
WIX NewWIX COM LTD$2784,0000.00%
CCRN NewCROSS CTRY HEALTHCARE INC$31024,0000.00%
NCI NewNAVIGANT CONSULTING INC$23712,0000.00%
BV NewBAZAARVOICE INCput$14730,0000.00%
Q4 2016
 Value Shares↓ Weighting
GOOGL ExitALPHABET INCcap stk cl a$0-750-0.01%
CSBR ExitCHAMPIONS ONCOLOGY INC$0-384,282-0.01%
MMYT ExitMAKEMYTRIP LIMITED MAURITIUS$0-54,973-0.02%
DOV ExitDOVER CORP$0-671,931-0.02%
SPWH ExitSPORTSMANS WHSE HLDGS INC$0-161,419-0.02%
CTRP ExitCTRIP COM INTL LTD$0-40,000-0.03%
RMGN ExitRMG NETWORKS HLDG CORP$0-2,177,434-0.03%
ExitSTONE ENERGY CORPnote 1.750% 3/0$0-4,509,000-0.04%
RRTS ExitROADRUNNER TRNSN SVCS HLDG I$0-330,000-0.04%
ABC ExitAMERISOURCEBERGEN CORP$0-33,198-0.04%
ETFC ExitE TRADE FINANCIAL CORP$0-105,000-0.04%
PNK ExitPINNACLE ENTMT INC NEW$0-313,428-0.06%
PIR ExitPIER 1 IMPORTS INC$0-1,000,000-0.06%
QTWO ExitQ2 HLDGS INC$0-165,000-0.07%
UNP ExitUNION PAC CORP$0-50,000-0.07%
H ExitHYATT HOTELS CORPput$0-100,000-0.07%
WBS ExitWEBSTER FINL CORP CONN$0-160,000-0.09%
FRC ExitFIRST REP BK SAN FRANCISCO C$0-80,000-0.09%
XHR ExitXENIA HOTELS & RESORTS INC$0-474,211-0.10%
CSX ExitCSX CORP$0-250,000-0.11%
PFSI ExitPENNYMAC FINL SVCS INCcl a$0-455,700-0.11%
ICE ExitINTERCONTINENTAL EXCHANGE IN$0-30,000-0.12%
CMA ExitCOMERICA INC$0-175,400-0.12%
NFX ExitNEWFIELD EXPL CO$0-202,500-0.13%
ITG ExitINVESTMENT TECHNOLOGY GRP NE$0-650,000-0.16%
SEMG ExitSEMGROUP CORPcl a$0-327,500-0.17%
W ExitWAYFAIR INCcl a$0-300,000-0.17%
APC ExitANADARKO PETE CORP$0-187,444-0.17%
PRSC ExitPROVIDENCE SVC CORP$0-250,066-0.18%
PGTI ExitPGT INC$0-1,146,172-0.18%
RRR ExitRED ROCK RESORTS INCcl a$0-535,000-0.18%
OLLI ExitOLLIES BARGAIN OUTLT HLDGS I$0-503,313-0.19%
SF ExitSTIFEL FINL CORP$0-350,000-0.19%
BMCH ExitBMC STK HLDGS INC$0-760,000-0.20%
TUESQ ExitTUESDAY MORNING CORP$0-2,288,000-0.20%
DOOR ExitMASONITE INTL CORP NEW$0-247,000-0.22%
CSGP ExitCOSTAR GROUP INC$0-85,000-0.27%
DKS ExitDICKS SPORTING GOODS INC$0-350,000-0.29%
V ExitVISA INC$0-285,000-0.34%
WLL ExitWHITING PETE CORP NEW$0-3,300,000-0.42%
WYNN ExitWYNN RESORTS LTD$0-315,668-0.44%
ARLZ ExitARALEZ PHARMACEUTICALS INC$0-6,400,000-0.45%
DVA ExitDAVITA INC$0-500,000-0.48%
SGMS ExitSCIENTIFIC GAMES CORPcl a$0-3,024,413-0.49%
PCYO ExitPURECYCLE CORP$0-5,982,970-0.50%
SERV ExitSERVICEMASTER GLOBAL HLDGS I$0-1,072,500-0.52%
AAL ExitAMERICAN AIRLS GROUP INC$0-997,099-0.53%
DY ExitDYCOM INDS INC$0-465,000-0.55%
IVZ ExitINVESCO LTD$0-1,225,000-0.55%
HRI ExitHERC HLDGS INC$0-1,299,000-0.63%
PENN ExitPENN NATL GAMING INC$0-3,344,013-0.66%
WEX ExitWEX INC$0-435,000-0.68%
CAR ExitAVIS BUDGET GROUP$0-1,385,869-0.68%
TRUE ExitTRUECAR INC$0-5,031,568-0.69%
EXP ExitEAGLE MATERIALS INC$0-620,781-0.69%
WCG ExitWELLCARE HEALTH PLANS INC$0-473,701-0.80%
ZG ExitZILLOW GROUP INCcl a$0-1,617,910-0.80%
VLRS ExitCONTROLADORA VUELA CIA DE AVspon adr rp 10$0-3,238,670-0.81%
JBLU ExitJETBLUE AIRWAYS CORP$0-3,392,490-0.84%
RAD ExitRITE AID CORP$0-7,936,922-0.88%
WMS ExitADVANCED DRAIN SYS INC DEL$0-2,540,000-0.88%
CHGG ExitCHEGG INC$0-8,702,598-0.89%
ERI ExitELDORADO RESORTS INC$0-4,665,000-0.95%
IGT ExitINTERNATIONAL GAME TECHNOLOG$0-2,750,000-0.97%
WMB ExitWILLIAMS COS INC DEL$0-2,460,000-1.09%
ISLE ExitISLE OF CAPRI CASINOS INC$0-3,741,900-1.20%
CP ExitCANADIAN PAC RY LTD$0-621,450-1.37%
GLPI ExitGAMING & LEISURE PPTYS INC$0-3,769,478-1.82%
Z ExitZILLOW GROUP INCcl c cap stk$0-3,882,041-1.94%
OC ExitOWENS CORNING NEW$0-2,589,762-2.00%
HCA ExitHCA HOLDINGS INC$0-2,000,000-2.18%
BYD ExitBOYD GAMING CORP$0-8,009,200-2.29%
MGM ExitMGM RESORTS INTERNATIONAL$0-6,657,000-2.50%
MCK ExitMCKESSON CORP$0-1,060,000-2.55%
PCLN ExitPRICELINE GRP INC$0-138,005-2.93%
TRIP ExitTRIPADVISOR INC$0-3,237,990-2.95%
CHDN ExitCHURCHILL DOWNS INC$0-1,418,586-3.00%
LUV ExitSOUTHWEST AIRLS CO$0-5,493,200-3.08%
GRUB ExitGRUBHUB INC$0-5,455,000-3.39%
ENT ExitGLOBAL EAGLE ENTMT INC$0-28,981,072-3.48%
ALK ExitALASKA AIR GROUP INC$0-4,552,364-4.33%
CI ExitCIGNA CORPORATION$0-3,017,739-5.68%
DAL ExitDELTA AIR LINES INC DEL$0-11,465,809-6.52%
EXPE ExitEXPEDIA INC DEL$0-7,100,027-11.97%
UAL ExitUNITED CONTL HLDGS INC$0-16,294,711-12.35%
Q3 2016
 Value Shares↓ Weighting
EXPE BuyEXPEDIA INC DEL$828,715
+19.1%
7,100,027
+8.5%
11.97%
+3.6%
LUV BuySOUTHWEST AIRLS CO$213,631
+2.8%
5,493,200
+3.7%
3.08%
-10.5%
TRIP BuyTRIPADVISOR INC$204,576
-0.5%
3,237,990
+1.3%
2.95%
-13.4%
PCLN BuyPRICELINE GRP INC$203,073
+19.0%
138,005
+1.0%
2.93%
+3.6%
MCK BuyMCKESSON CORP$176,755
-5.3%
1,060,000
+6.0%
2.55%
-17.6%
BYD BuyBOYD GAMING CORP$158,422
+13.2%
8,009,200
+5.3%
2.29%
-1.5%
GLPI SellGAMING & LEISURE PPTYS INC$126,089
-10.0%
3,769,478
-7.2%
1.82%
-21.7%
CP SellCANADIAN PAC RY LTD$94,895
+16.7%
621,450
-1.6%
1.37%
+1.5%
ISLE BuyISLE OF CAPRI CASINOS INC$83,370
+117.6%
3,741,900
+78.9%
1.20%
+89.3%
WMB BuyWILLIAMS COS INC DEL$75,596
+98.6%
2,460,000
+39.8%
1.09%
+72.8%
IGT SellINTERNATIONAL GAME TECHNOLOG$67,045
+8.1%
2,750,000
-16.9%
0.97%
-5.9%
ERI BuyELDORADO RESORTS INC$65,590
+21.5%
4,665,000
+31.3%
0.95%
+5.7%
CHGG BuyCHEGG INC$61,701
+41.8%
8,702,598
+0.0%
0.89%
+23.4%
RAD BuyRITE AID CORP$61,035
+11.1%
7,936,922
+8.2%
0.88%
-3.4%
JBLU BuyJETBLUE AIRWAYS CORP$58,487
+1077.3%
3,392,490
+1030.8%
0.84%
+930.5%
WCG SellWELLCARE HEALTH PLANS INC$55,466
-46.9%
473,701
-51.4%
0.80%
-53.8%
EXP BuyEAGLE MATERIALS INC$47,986
+1.8%
620,781
+1.6%
0.69%
-11.4%
WEX BuyWEX INC$47,019
+26.3%
435,000
+3.6%
0.68%
+9.9%
PENN SellPENN NATL GAMING INC$45,378
-13.8%
3,344,013
-11.3%
0.66%
-25.0%
HRI NewHERC HLDGS INC$43,7761,299,0000.63%
IVZ BuyINVESCO LTD$38,306
+63.0%
1,225,000
+33.2%
0.55%
+41.8%
DY NewDYCOM INDS INC$38,028465,0000.55%
SGMS SellSCIENTIFIC GAMES CORPcl a$34,085
-7.3%
3,024,413
-24.4%
0.49%
-19.3%
DVA SellDAVITA INC$33,035
-26.9%
500,000
-14.4%
0.48%
-36.4%
WYNN BuyWYNN RESORTS LTD$30,752
+11.0%
315,668
+3.3%
0.44%
-3.5%
WLL NewWHITING PETE CORP NEW$28,8423,300,0000.42%
DKS BuyDICKS SPORTING GOODS INC$19,852
+120.3%
350,000
+75.0%
0.29%
+91.3%
TUESQ BuyTUESDAY MORNING CORP$13,682
+6.2%
2,288,000
+24.7%
0.20%
-7.5%
SF BuySTIFEL FINL CORP$13,458
+31.7%
350,000
+7.7%
0.19%
+14.1%
OLLI BuyOLLIES BARGAIN OUTLT HLDGS I$13,192
+16.9%
503,313
+11.0%
0.19%
+2.1%
RRR NewRED ROCK RESORTS INCcl a$12,621535,0000.18%
PRSC BuyPROVIDENCE SVC CORP$12,161
+80.6%
250,066
+66.6%
0.18%
+57.1%
W NewWAYFAIR INCcl a$11,811300,0000.17%
SEMG NewSEMGROUP CORPcl a$11,580327,5000.17%
ITG SellINVESTMENT TECHNOLOGY GRP NE$11,141
-15.1%
650,000
-17.2%
0.16%
-26.1%
PFSI BuyPENNYMAC FINL SVCS INCcl a$7,751
+44.3%
455,700
+6.0%
0.11%
+25.8%
CSX BuyCSX CORP$7,625
+94.9%
250,000
+66.7%
0.11%
+69.2%
H NewHYATT HOTELS CORPput$4,922100,0000.07%
UNP SellUNION PAC CORP$4,877
-44.1%
50,000
-50.0%
0.07%
-51.7%
PIR NewPIER 1 IMPORTS INC$4,2401,000,0000.06%
ETFC NewE TRADE FINANCIAL CORP$3,058105,0000.04%
NewSTONE ENERGY CORPnote 1.750% 3/0$2,4354,509,0000.04%
RMGN SellRMG NETWORKS HLDG CORP$1,916
-23.7%
2,177,434
-15.8%
0.03%
-33.3%
SPWH SellSPORTSMANS WHSE HLDGS INC$1,698
-10.3%
161,419
-31.3%
0.02%
-19.4%
DOV NewDOVER CORP$1,660671,9310.02%
CSBR SellCHAMPIONS ONCOLOGY INC$646
-62.3%
384,282
-51.8%
0.01%
-67.9%
GOOGL NewALPHABET INCcap stk cl a$5837500.01%
FMD ExitFIRST MARBLEHEAD CORP$0-60,000-0.01%
MLCO ExitMELCO CROWN ENTMT LTDadr$0-100,000-0.02%
DVD ExitDOVER MOTORSPORTS INC$0-671,931-0.02%
LL ExitLUMBER LIQUIDATORS HLDGS INC$0-225,000-0.06%
GWR ExitGENESEE & WYO INCcl a$0-81,382-0.08%
PRTY ExitPARTY CITY HOLDCO INC$0-370,273-0.08%
HTZ ExitHERTZ GLOBAL HOLDINGS INC$0-2,000,000-0.37%
Q2 2016
 Value Shares↓ Weighting
EXPE NewEXPEDIA INC DEL$695,9176,546,72711.55%
UAL NewUNITED CONTL HLDGS INC$668,73516,294,71111.10%
DAL NewDELTA AIR LINES INC DEL$417,69911,465,8096.93%
CI NewCIGNA CORPORATION$386,2403,017,7396.41%
ALK NewALASKA AIR GROUP INC$265,3574,552,3644.40%
LUV NewSOUTHWEST AIRLS CO$207,7155,297,5003.45%
TRIP NewTRIPADVISOR INC$205,6313,197,9903.41%
ENT NewGLOBAL EAGLE ENTMT INC$192,43428,981,0723.19%
MCK NewMCKESSON CORP$186,6501,000,0003.10%
CHDN NewCHURCHILL DOWNS INC$179,2531,418,5862.98%
PCLN NewPRICELINE GRP INC$170,601136,6552.83%
GRUB NewGRUBHUB INC$169,4875,455,0002.81%
HCA NewHCA HOLDINGS INC$154,0202,000,0002.56%
MGM NewMGM RESORTS INTERNATIONAL$150,6486,657,0002.50%
Z NewZILLOW GROUP INCcl c cap stk$140,8403,882,0412.34%
GLPI NewGAMING & LEISURE PPTYS INC$140,1154,063,6612.32%
BYD NewBOYD GAMING CORP$139,9457,605,6852.32%
OC NewOWENS CORNING NEW$133,4252,589,7622.21%
WCG NewWELLCARE HEALTH PLANS INC$104,459973,7011.73%
CP NewCANADIAN PAC RY LTD$81,324631,4501.35%
WMS NewADVANCED DRAIN SYS INC DEL$69,5202,540,0001.15%
IGT NewINTERNATIONAL GAME TECHNOLOG$62,0363,310,3281.03%
VLRS NewCONTROLADORA VUELA CIA DE AVspon adr rp 10$60,5313,238,6701.00%
ZG NewZILLOW GROUP INCcl a$59,2961,617,9100.98%
RAD NewRITE AID CORP$54,9547,336,9220.91%
ERI NewELDORADO RESORTS INC$53,9703,551,8390.90%
PENN NewPENN NATL GAMING INC$52,6203,772,0130.87%
EXP NewEAGLE MATERIALS INC$47,122610,7810.78%
DVA NewDAVITA HEALTHCARE PARTNERS I$45,181584,3350.75%
CAR NewAVIS BUDGET GROUP$44,6671,385,8690.74%
CHGG NewCHEGG INC$43,5088,701,6130.72%
SERV NewSERVICEMASTER GLOBAL HLDGS I$42,6861,072,5000.71%
TRUE NewTRUECAR INC$39,4985,031,5680.66%
ISLE NewISLE OF CAPRI CASINOS INC$38,3162,091,5000.64%
WMB NewWILLIAMS COS INC DEL$38,0691,760,0000.63%
WEX NewWEX INC$37,241420,0000.62%
SGMS NewSCIENTIFIC GAMES CORPcl a$36,7604,000,0000.61%
PCYO NewPURECYCLE CORP$28,1805,982,9700.47%
AAL NewAMERICAN AIRLS GROUP INC$28,228997,0990.47%
WYNN NewWYNN RESORTS LTD$27,706305,6680.46%
IVZ NewINVESCO LTD$23,497920,0000.39%
HTZ NewHERTZ GLOBAL HOLDINGS INC$22,1402,000,0000.37%
V NewVISA INC$21,138285,0000.35%
ARLZ NewARALEZ PHARMACEUTICALS INC$21,1206,400,0000.35%
CSGP NewCOSTAR GROUP INC$18,58685,0000.31%
DOOR NewMASONITE INTL CORP NEW$16,337247,0000.27%
BMCH NewBMC STK HLDGS INC$13,543760,0000.22%
ITG NewINVESTMENT TECHNOLOGY GRP NE$13,125785,0000.22%
TUESQ NewTUESDAY MORNING CORP$12,8851,835,5170.21%
PGTI NewPGT INC$11,8061,146,1720.20%
OLLI NewOLLIES BARGAIN OUTLT HLDGS I$11,283453,3130.19%
SF NewSTIFEL FINL CORP$10,221325,0000.17%
APC NewANADARKO PETE CORP$9,981187,4440.17%
DKS NewDICKS SPORTING GOODS INC$9,012200,0000.15%
NFX NewNEWFIELD EXPL CO$8,946202,5000.15%
UNP NewUNION PAC CORP$8,725100,0000.14%
XHR NewXENIA HOTELS & RESORTS INC$7,957474,2110.13%
ICE NewINTERCONTINENTAL EXCHANGE IN$7,67930,0000.13%
CMA NewCOMERICA INC$7,214175,4000.12%
PRSC NewPROVIDENCE SVC CORP$6,735150,0660.11%
FRC NewFIRST REP BK SAN FRANCISCO C$5,59980,0000.09%
WBS NewWEBSTER FINL CORP CONN$5,432160,0000.09%
PFSI NewPENNYMAC FINL SVCS INCcl a$5,371430,0000.09%
PRTY NewPARTY CITY HOLDCO INC$5,150370,2730.08%
JBLU NewJETBLUE AIRWAYS CORP$4,968300,0000.08%
GWR NewGENESEE & WYO INCcl a$4,79781,3820.08%
QTWO NewQ2 HLDGS INC$4,623165,0000.08%
CSX NewCSX CORP$3,912150,0000.06%
LL NewLUMBER LIQUIDATORS HLDGS INC$3,470225,0000.06%
PNK NewPINNACLE ENTMT INC NEW$3,473313,4280.06%
ABC NewAMERISOURCEBERGEN CORP$2,63333,1980.04%
RMGN NewRMG NETWORKS HLDG CORP$2,5102,587,2930.04%
RRTS NewROADRUNNER TRNSN SVCS HLDG I$2,462330,0000.04%
SPWH NewSPORTSMANS WHSE HLDGS INC$1,894235,0000.03%
CSBR NewCHAMPIONS ONCOLOGY INC$1,713796,9000.03%
CTRP NewCTRIP COM INTL LTD$1,64840,0000.03%
DVD NewDOVER MOTORSPORTS INC$1,458671,9310.02%
MLCO NewMELCO CROWN ENTMT LTDadr$1,258100,0000.02%
MMYT NewMAKEMYTRIP LIMITED MAURITIUS$81754,9730.01%
FMD NewFIRST MARBLEHEAD CORP$29260,0000.01%
Q4 2015
 Value Shares↓ Weighting
FMD ExitFIRST MARBLEHEAD CORP$0-60,000-0.00%
MMYT ExitMAKEMYTRIP LIMITED MAURITIUS$0-79,973-0.02%
DVD ExitDOVER MOTORSPORTS INC$0-671,931-0.03%
MC ExitMOELIS & COcl a$0-100,000-0.06%
CMA ExitCOMERICA INC$0-65,000-0.06%
PFSI ExitPENNYMAC FINL SVCS INCcl a$0-170,000-0.06%
ANGI ExitANGIES LIST INC$0-551,000-0.06%
RMGN ExitRMG NETWORKS HLDG CORP$0-3,412,075-0.06%
ITG ExitINVESTMENT TECHNOLOGY GRP NE$0-275,000-0.08%
QTWO ExitQ2 HLDGS INC$0-155,000-0.08%
VNTV ExitVANTIV INCcl a$0-90,000-0.08%
MLCO ExitMELCO CROWN ENTMT LTDadr$0-295,400-0.09%
FCX ExitFREEPORT-MCMORAN COPPER & GO$0-425,000-0.09%
ExitSTONE ENERGY CORPnote 1.750% 3/0$0-5,000,000-0.09%
CSBR ExitCHAMPIONS ONCOLOGY INC$0-833,333-0.09%
STT ExitSTATE STR CORP$0-71,000-0.10%
SGY ExitSTONE ENERGY CORP$0-1,000,000-0.10%
VRTS ExitVIRTUS INVT PARTNERS INC$0-53,000-0.11%
GRUB ExitGRUBHUB INC$0-220,000-0.11%
GDEN ExitGOLDEN ENTMT INC$0-658,457-0.13%
SF ExitSTIFEL FINL CORP$0-150,000-0.13%
PRSC ExitPROVIDENCE SVC CORP$0-150,066-0.14%
NFX ExitNEWFIELD EXPL CO$0-202,500-0.14%
FRC ExitFIRST REP BK SAN FRANCISCO C$0-110,000-0.15%
APA ExitAPACHE CORP$0-250,000-0.21%
APAM ExitARTISAN PARTNERS ASSET MGMTcl a$0-300,000-0.22%
ENSG ExitENSIGN GROUP INC$0-250,000-0.22%
EVLV ExitEVINE LIVE INCcl a$0-4,242,900-0.23%
CSGP ExitCOSTAR GROUP INC$0-64,000-0.23%
ICE ExitINTERCONTINENTALEXCHANGE GRO$0-48,000-0.24%
APC ExitANADARKO PETE CORP$0-187,444-0.24%
EXP ExitEAGLE MATERIALS INC$0-190,781-0.28%
WEX ExitWEX INC$0-151,000-0.28%
CI ExitCIGNA CORPORATION$0-100,000-0.28%
PGTI ExitPGT INC$0-1,126,172-0.29%
SAVE ExitSPIRIT AIRLS INC$0-318,827-0.32%
IGT ExitINTERNATIONAL GAME TECHNOLOG$0-1,000,000-0.32%
DOOR ExitMASONITE INTL CORP NEW$0-272,000-0.35%
VLRS ExitCONTROLADORA VUELA CIA DE AVspon adr rp 10$0-1,102,487-0.35%
IVZ ExitINVESCO LTD$0-565,000-0.37%
WYNN ExitWYNN RESORTS LTD$0-338,500-0.38%
V ExitVISA INC$0-258,000-0.38%
POZN ExitPOZEN INC$0-3,863,699-0.48%
ERI ExitELDORADO RESORTS INC$0-2,852,335-0.54%
GWR ExitGENESEE & WYO INCcl a$0-461,382-0.58%
GBX ExitGREENBRIER COS INC$0-865,614-0.59%
CTRP ExitCTRIP COM INTL LTD$0-455,000-0.61%
PCYO ExitPURECYCLE CORP$0-5,982,970-0.62%
SERV ExitSERVICEMASTER GLOBAL HLDGS I$0-917,500-0.65%
SGMS ExitSCIENTIFIC GAMES CORPcl a$0-3,108,400-0.68%
MGM ExitMGM RESORTS INTERNATIONAL$0-1,760,000-0.68%
HTZ ExitHERTZ GLOBAL HOLDINGS INC$0-2,051,200-0.72%
WMS ExitADVANCED DRAIN SYS INC DEL$0-1,402,300-0.86%
RAD ExitRITE AID CORP$0-6,836,922-0.88%
TRUE ExitTRUECAR INC$0-8,225,324-0.90%
WCG ExitWELLCARE HEALTH PLANS INC$0-500,000-0.91%
URI ExitUNITED RENTALS INC$0-755,000-0.96%
PNK ExitPINNACLE ENTMT INC$0-1,522,300-1.09%
CHGG ExitCHEGG INC$0-8,000,000-1.22%
CAR ExitAVIS BUDGET GROUP$0-1,385,869-1.28%
CPA ExitCOPA HOLDINGS SAcl a$0-1,477,200-1.31%
GM ExitGENERAL MTRS CO$0-2,303,550-1.46%
VA ExitVIRGIN AMER INC$0-2,264,492-1.63%
QUNR ExitQUNAR CAYMAN IS LTDspns adr cl b$0-2,652,514-1.68%
OC ExitOWENS CORNING NEW$0-1,944,762-1.72%
AAL ExitAMERICAN AIRLS GROUP INC$0-2,100,000-1.72%
CP ExitCANADIAN PAC RY LTD$0-596,450-1.81%
CLH ExitCLEAN HARBORS INC$0-1,968,027-1.82%
PENN ExitPENN NATL GAMING INC$0-5,941,300-2.10%
TRIP ExitTRIPADVISOR INC$0-1,682,390-2.24%
GLPI ExitGAMING & LEISURE PPTYS INC$0-4,152,963-2.60%
BYD ExitBOYD GAMING CORP$0-7,684,555-2.64%
PCLN ExitPRICELINE COM INC$0-131,655-3.43%
CHDN ExitCHURCHILL DOWNS INC$0-1,286,544-3.63%
LUV ExitSOUTHWEST AIRLS CO$0-5,710,000-4.58%
UAL ExitUNITED CONTL HLDGS INC$0-5,380,000-6.02%
ENT ExitGLOBAL EAGLE ACQUISITION COR$0-28,981,072-7.02%
ALK ExitALASKA AIR GROUP INC$0-4,552,364-7.63%
EXPE ExitEXPEDIA INC DEL$0-3,759,800-9.33%
DAL ExitDELTA AIR LINES INC DEL$0-14,965,809-14.16%
Q3 2015
 Value Shares↓ Weighting
DAL BuyDELTA AIR LINES INC DEL$671,516
+32.2%
14,965,809
+21.0%
14.16%
+23.3%
UAL BuyUNITED CONTL HLDGS INC$285,409
+103.7%
5,380,000
+103.6%
6.02%
+90.0%
LUV BuySOUTHWEST AIRLS CO$217,208
+58.2%
5,710,000
+37.7%
4.58%
+47.6%
PCLN BuyPRICELINE COM INC$162,839
+67.6%
131,655
+56.0%
3.43%
+56.2%
BYD BuyBOYD GAMING CORP$125,258
+9.3%
7,684,555
+0.3%
2.64%
+1.9%
GLPI BuyGAMING & LEISURE PPTYS INC$123,343
-8.8%
4,152,963
+12.6%
2.60%
-14.9%
TRIP BuyTRIPADVISOR INC$106,024
-1.3%
1,682,390
+36.5%
2.24%
-7.9%
PENN SellPENN NATL GAMING INC$99,695
-15.7%
5,941,300
-7.8%
2.10%
-21.4%
CLH BuyCLEAN HARBORS INC$86,534
+67.3%
1,968,027
+104.5%
1.82%
+56.0%
CP BuyCANADIAN PAC RY LTD$85,632
+61.9%
596,450
+80.7%
1.81%
+51.0%
AAL SellAMERICAN AIRLS GROUP INC$81,543
-49.0%
2,100,000
-47.5%
1.72%
-52.4%
OC BuyOWENS CORNING NEW$81,505
+27.1%
1,944,762
+25.1%
1.72%
+18.6%
QUNR BuyQUNAR CAYMAN IS LTDspns adr cl b$79,761
-27.3%
2,652,514
+3.6%
1.68%
-32.2%
CPA BuyCOPA HOLDINGS SAcl a$61,939
-32.7%
1,477,200
+32.5%
1.31%
-37.3%
CAR BuyAVIS BUDGET GROUP$60,535
+255.9%
1,385,869
+259.2%
1.28%
+231.4%
CHGG BuyCHEGG INC$57,680
-1.9%
8,000,000
+6.7%
1.22%
-8.6%
PNK BuyPINNACLE ENTMT INC$51,515
+9.7%
1,522,300
+20.9%
1.09%
+2.3%
URI SellUNITED RENTALS INC$45,338
-37.7%
755,000
-9.1%
0.96%
-41.9%
TRUE BuyTRUECAR INC$42,854
-56.3%
8,225,324
+0.5%
0.90%
-59.3%
RAD SellRITE AID CORP$41,500
-27.4%
6,836,922
-0.1%
0.88%
-32.3%
MGM BuyMGM RESORTS INTERNATIONAL$32,472
+394.1%
1,760,000
+388.8%
0.68%
+359.7%
SGMS BuySCIENTIFIC GAMES CORPcl a$32,483
-31.9%
3,108,400
+1.3%
0.68%
-36.5%
SERV BuySERVICEMASTER GLOBAL HLDGS I$30,782
-6.2%
917,500
+1.1%
0.65%
-12.5%
CTRP NewCTRIP COM INTL LTD$28,747455,0000.61%
GBX SellGREENBRIER COS INC$27,795
-37.3%
865,614
-8.5%
0.59%
-41.5%
GWR BuyGENESEE & WYO INCcl a$27,258
-1.0%
461,382
+27.7%
0.58%
-7.7%
ERI SellELDORADO RESORTS INC$25,728
-12.9%
2,852,335
-24.4%
0.54%
-18.9%
WYNN BuyWYNN RESORTS LTD$17,981
+264.4%
338,500
+577.0%
0.38%
+238.4%
IVZ BuyINVESCO LTD$17,645
-7.7%
565,000
+10.8%
0.37%
-13.9%
VLRS BuyCONTROLADORA VUELA CIA DE AVspon adr rp 10$16,449
+26.0%
1,102,487
+0.9%
0.35%
+17.6%
IGT BuyINTERNATIONAL GAME TECHNOLOG$15,330
+395.8%
1,000,000
+474.4%
0.32%
+361.4%
SAVE SellSPIRIT AIRLS INC$15,081
-30.6%
318,827
-8.9%
0.32%
-35.2%
PGTI BuyPGT INC$13,829
-4.8%
1,126,172
+12.5%
0.29%
-11.2%
CI NewCIGNA CORPORATION$13,502100,0000.28%
WEX BuyWEX INC$13,113
+40.3%
151,000
+84.1%
0.28%
+30.8%
EXP BuyEAGLE MATERIALS INC$13,053
-9.8%
190,781
+0.6%
0.28%
-15.9%
ICE SellINTERCONTINENTALEXCHANGE GRO$11,280
-1.1%
48,000
-5.9%
0.24%
-7.8%
CSGP BuyCOSTAR GROUP INC$11,076
+1.9%
64,000
+18.5%
0.23%
-4.9%
APAM SellARTISAN PARTNERS ASSET MGMTcl a$10,569
-50.5%
300,000
-34.8%
0.22%
-53.8%
APA NewAPACHE CORP$9,790250,0000.21%
FRC BuyFIRST REP BK SAN FRANCISCO C$6,905
+9.6%
110,000
+10.0%
0.15%
+2.1%
SF BuySTIFEL FINL CORP$6,315
-8.9%
150,000
+25.0%
0.13%
-15.3%
GDEN NewGOLDEN ENTMT INC$5,952658,4570.13%
GRUB NewGRUBHUB INC$5,355220,0000.11%
VRTS BuyVIRTUS INVT PARTNERS INC$5,327
-6.3%
53,000
+23.3%
0.11%
-13.2%
SGY BuySTONE ENERGY CORP$4,960
-56.2%
1,000,000
+11.1%
0.10%
-59.0%
STT BuySTATE STR CORP$4,772
+7.4%
71,000
+23.1%
0.10%
+1.0%
CSBR NewCHAMPIONS ONCOLOGY INC$4,458833,3330.09%
NewSTONE ENERGY CORPnote 1.750% 3/0$4,2015,000,0000.09%
FCX BuyFREEPORT-MCMORAN COPPER & GO$4,118
-7.9%
425,000
+77.1%
0.09%
-13.9%
MLCO SellMELCO CROWN ENTMT LTDadr$4,065
-95.4%
295,400
-93.5%
0.09%
-95.7%
QTWO BuyQ2 HLDGS INC$3,832
+8.5%
155,000
+24.0%
0.08%
+1.2%
ITG NewINVESTMENT TECHNOLOGY GRP NE$3,669275,0000.08%
RMGN SellRMG NETWORKS HLDG CORP$2,866
-6.1%
3,412,075
-4.9%
0.06%
-13.0%
PFSI NewPENNYMAC FINL SVCS INCcl a$2,720170,0000.06%
CMA NewCOMERICA INC$2,67265,0000.06%
MC NewMOELIS & COcl a$2,626100,0000.06%
AHP ExitASHFORD HOSPITALITY PRIME IN$0-226,258-0.08%
LACO ExitLAKES ENTMNT INC$0-658,457-0.14%
MLI ExitMUELLER INDS INC$0-320,000-0.25%
THC ExitTENET HEALTHCARE CORP$0-392,700-0.51%
Q2 2015
 Value Shares↓ Weighting
DAL NewDELTA AIR LINES INC DEL$507,98712,365,80911.49%
EXPE NewEXPEDIA INC DEL$411,1343,759,8009.30%
ENT NewGLOBAL EAGLE ACQUISITION COR$377,33428,981,0728.53%
ALK NewALASKA AIR GROUP INC$293,3094,552,3646.63%
CHDN NewCHURCHILL DOWNS INC$160,8821,286,5443.64%
AAL NewAMERICAN AIRLS GROUP INC$159,7404,000,0003.61%
UAL NewUNITED CONTL HLDGS INC$140,0862,642,6323.17%
LUV NewSOUTHWEST AIRLS CO$137,2574,148,0003.10%
GLPI NewGAMING & LEISURE PPTYS INC$135,2343,688,8633.06%
PENN NewPENN NATL GAMING INC$118,1986,441,3002.67%
BYD NewBOYD GAMING CORP$114,5787,664,0552.59%
QUNR NewQUNAR CAYMAN IS LTDspns adr cl b$109,7572,561,4162.48%
TRIP NewTRIPADVISOR INC$107,3901,232,3902.43%
TRUE NewTRUECAR INC$98,1388,185,0002.22%
PCLN NewPRICELINE COM INC$97,17684,4002.20%
CPA NewCOPA HOLDINGS SAcl a$92,0881,115,0002.08%
MLCO NewMELCO CROWN ENTMT LTDadr$88,7974,523,5192.01%
GM NewGENERAL MTRS CO$76,7772,303,5501.74%
URI NewUNITED RENTALS INC$72,741830,1841.64%
OC NewOWENS CORNING NEW$64,1341,554,7621.45%
VA NewVIRGIN AMER INC$62,2282,264,4921.41%
CHGG NewCHEGG INC$58,8007,500,0001.33%
RAD NewRITE AID CORP$57,1636,845,9221.29%
CP NewCANADIAN PAC RY LTD$52,876330,0001.20%
CLH NewCLEAN HARBORS INC$51,716962,3371.17%
SGMS NewSCIENTIFIC GAMES CORPcl a$47,6753,067,9001.08%
PNK NewPINNACLE ENTMT INC$46,9511,259,4071.06%
GBX NewGREENBRIER COS INC$44,302945,6141.00%
WCG NewWELLCARE HEALTH PLANS INC$42,415500,0000.96%
WMS NewADVANCED DRAIN SYS INC DEL$41,1291,402,3000.93%
POZN NewPOZEN INC$39,8353,863,6990.90%
HTZ NewHERTZ GLOBAL HOLDINGS INC$37,1682,051,2000.84%
SERV NewSERVICEMASTER GLOBAL HLDGS I$32,824907,5000.74%
PCYO NewPURECYCLE CORP$31,1115,982,970</