Q1 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| New | n/an/a | $0 | – | 0 | – | 0.00% | – | |
| SB | Exit | SAFE BULKERS INC | $0 | – | -1,418,100 | – | -26.58% | – |
| SEMI | Exit | SUNEDISON SEMICONDUCTOR LTD | $0 | – | -404,699 | – | -73.42% | – |
Q4 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SEMI | Sell | SUNEDISON SEMICONDUCTOR LTD | $3,173,000 | -73.7% | 404,699 | -64.7% | 73.42% | +918.2% |
| SB | Sell | SAFE BULKERS INC | $1,149,000 | -81.8% | 1,418,100 | -38.1% | 26.58% | +604.4% |
| LILAK | Exit | LIBERTY GLOBAL PLC | $0 | – | -169,644 | – | -3.46% | – |
| AER | Exit | AERCAP HOLDINGS NV | $0 | – | -184,437 | – | -4.21% | – |
| RCL | Exit | ROYAL CARIBBEAN CRUISES LTD | $0 | – | -81,576 | – | -4.34% | – |
| MIC | Exit | MACQUARIE INFRASTRUCTURE COR | $0 | – | -104,200 | – | -4.64% | – |
| CHTR | Exit | CHARTER COMMUNICATIONS INC Dcl a new | $0 | – | -45,254 | – | -4.75% | – |
| CBPX | Exit | CONTINENTAL BLDG PRODS INC | $0 | – | -410,000 | – | -5.02% | – |
| AJRD | Exit | AEROJET ROCKETDYNE HLDGS INCcall | $0 | – | -560,000 | – | -5.40% | – |
| HDS | Exit | HD SUPPLY HLDGS INC | $0 | – | -408,306 | – | -6.97% | – |
| AXTA | Exit | AXALTA COATING SYS LTD | $0 | – | -540,713 | – | -8.17% | – |
| CAR | Exit | AVIS BUDGET GROUP | $0 | – | -342,778 | – | -8.93% | – |
| AL | Exit | AIR LEASE CORPcl a | $0 | – | -654,984 | – | -12.08% | – |
| VC | Exit | VISTEON CORP | $0 | – | -348,200 | – | -21.03% | – |
Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VC | Sell | VISTEON CORP | $35,252,000 | -36.5% | 348,200 | -34.2% | 21.03% | +5.5% |
| AL | Sell | AIR LEASE CORPcl a | $20,252,000 | -17.6% | 654,984 | -9.7% | 12.08% | +37.0% |
| CAR | Sell | AVIS BUDGET GROUP | $14,973,000 | -1.4% | 342,778 | -0.5% | 8.93% | +64.0% |
| AXTA | Buy | AXALTA COATING SYS LTD | $13,702,000 | +27.4% | 540,713 | +66.4% | 8.17% | +111.9% |
| SEMI | Sell | SUNEDISON SEMICONDUCTOR LTD | $12,086,000 | -45.8% | 1,146,638 | -11.2% | 7.21% | -9.9% |
| HDS | Sell | HD SUPPLY HLDGS INC | $11,686,000 | -19.7% | 408,306 | -1.3% | 6.97% | +33.5% |
| AJRD | New | AEROJET ROCKETDYNE HLDGS INCcall | $9,061,000 | – | 560,000 | – | 5.40% | – |
| CBPX | New | CONTINENTAL BLDG PRODS INC | $8,421,000 | – | 410,000 | – | 5.02% | – |
| CHTR | Sell | CHARTER COMMUNICATIONS INC Dcl a new | $7,958,000 | -51.0% | 45,254 | -52.3% | 4.75% | -18.5% |
| MIC | Sell | MACQUARIE INFRASTRUCTURE COR | $7,780,000 | -46.9% | 104,200 | -41.2% | 4.64% | -11.7% |
| RCL | Sell | ROYAL CARIBBEAN CRUISES LTD | $7,268,000 | -79.7% | 81,576 | -82.1% | 4.34% | -66.3% |
| AER | Buy | AERCAP HOLDINGS NV | $7,053,000 | -15.6% | 184,437 | +1.1% | 4.21% | +40.4% |
| LILAK | New | LIBERTY GLOBAL PLC | $5,809,000 | – | 169,644 | – | 3.46% | – |
| DDD | Exit | 3-D SYS CORP DEL | $0 | – | -50,000 | – | -0.35% | – |
| AAWW | Exit | ATLAS AIR WORLDWIDE HLDGS IN | $0 | – | -20,700 | – | -0.41% | – |
| DDD | Exit | 3-D SYS CORP DELput | $0 | – | -155,500 | – | -1.09% | – |
| VIPS | Exit | VIPSHOP HLDGS LTDsponsored adr | $0 | – | -260,000 | – | -2.08% | – |
| FOXA | Exit | TWENTY FIRST CENTY FOX INCcl a | $0 | – | -342,000 | – | -3.99% | – |
| FICO | Exit | FAIR ISAAC CORP | $0 | – | -125,100 | – | -4.08% | – |
| DSX | Exit | DIANA SHIPPING INC | $0 | – | -2,828,434 | – | -7.15% | – |
Q2 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VC | New | VISTEON CORP | $55,542,000 | – | 529,076 | – | 19.93% | – |
| RCL | New | ROYAL CARIBBEAN CRUISES LTD | $35,834,000 | – | 455,381 | – | 12.86% | – |
| AL | New | AIR LEASE CORPcl a | $24,583,000 | – | 725,162 | – | 8.82% | – |
| SEMI | New | SUNEDISON SEMICONDUCTOR LTD | $22,292,000 | – | 1,290,777 | – | 8.00% | – |
| DSX | New | DIANA SHIPPING INC | $19,940,000 | – | 2,828,434 | – | 7.15% | – |
| CHTR | New | CHARTER COMMUNICATIONS INC Dcl a new | $16,241,000 | – | 94,837 | – | 5.83% | – |
| CAR | New | AVIS BUDGET GROUP | $15,185,000 | – | 344,489 | – | 5.45% | – |
| MIC | New | MACQUARIE INFRASTRUCTURE COR | $14,650,000 | – | 177,297 | – | 5.26% | – |
| HDS | New | HD SUPPLY HLDGS INC | $14,557,000 | – | 413,800 | – | 5.22% | – |
| FICO | New | FAIR ISAAC CORP | $11,357,000 | – | 125,100 | – | 4.08% | – |
| FOXA | New | TWENTY FIRST CENTY FOX INCcl a | $11,130,000 | – | 342,000 | – | 3.99% | – |
| AXTA | New | AXALTA COATING SYS LTD | $10,751,000 | – | 325,000 | – | 3.86% | – |
| AER | New | AERCAP HOLDINGS NV | $8,354,000 | – | 182,437 | – | 3.00% | – |
| SB | New | SAFE BULKERS INC | $7,382,000 | – | 2,292,474 | – | 2.65% | – |
| VIPS | New | VIPSHOP HLDGS LTDsponsored adr | $5,785,000 | – | 260,000 | – | 2.08% | – |
| DDD | New | 3-D SYS CORP DELput | $3,035,000 | – | 155,500 | – | 1.09% | – |
| AAWW | New | ATLAS AIR WORLDWIDE HLDGS IN | $1,138,000 | – | 20,700 | – | 0.41% | – |
| DDD | New | 3-D SYS CORP DEL | $976,000 | – | 50,000 | – | 0.35% | – |
Q4 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SSP | Exit | SCRIPPS E W CO OHIOcl a new | $0 | – | -322,500 | – | -2.02% | – |
| TPH | Exit | TRI POINTE HOMES INC | $0 | – | -445,632 | – | -2.22% | – |
| AAL | Exit | AMERICAN AIRLS GROUP INC | $0 | – | -218,507 | – | -2.98% | – |
| DSX | Exit | DIANA SHIPPING INC | $0 | – | -1,127,505 | – | -3.87% | – |
| AER | Exit | AERCAP HOLDINGS NV | $0 | – | -263,057 | – | -4.13% | – |
| MIC | Exit | MACQUARIE INFRASTR CO LLCmembership int | $0 | – | -170,847 | – | -4.38% | – |
| 2100PS | Exit | GENCORP INC | $0 | – | -786,896 | – | -4.83% | – |
| DDD | Exit | 3-D SYS CORP DEL | $0 | – | -287,747 | – | -5.12% | – |
| CAR | Exit | AVIS BUDGET GROUP | $0 | – | -356,969 | – | -7.53% | – |
| AL | Exit | AIR LEASE CORPcl a | $0 | – | -698,384 | – | -8.72% | – |
| MEOH | Exit | METHANEX CORP | $0 | – | -381,273 | – | -9.78% | – |
| AER | Exit | AERCAP HOLDINGS NVcall | $0 | – | -665,000 | – | -10.45% | – |
| RCL | Exit | ROYAL CARIBBEAN CRUISES LTD | $0 | – | -434,487 | – | -11.23% | – |
| VC | Exit | VISTEON CORP | $0 | – | -608,901 | – | -22.75% | – |
Q3 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VC | Buy | VISTEON CORP | $59,216,000 | +9.9% | 608,901 | +9.7% | 22.75% | +28.3% |
| RCL | Sell | ROYAL CARIBBEAN CRUISES LTD | $29,237,000 | +0.6% | 434,487 | -16.9% | 11.23% | +17.4% |
| AER | New | AERCAP HOLDINGS NVcall | $27,199,000 | – | 665,000 | – | 10.45% | – |
| MEOH | Buy | METHANEX CORP | $25,469,000 | +85.9% | 381,273 | +72.0% | 9.78% | +117.1% |
| AL | Buy | AIR LEASE CORPcl a | $22,697,000 | -3.6% | 698,384 | +14.5% | 8.72% | +12.6% |
| CAR | Sell | AVIS BUDGET GROUP | $19,594,000 | -32.1% | 356,969 | -26.1% | 7.53% | -20.7% |
| DDD | Sell | 3-D SYS CORP DEL | $13,343,000 | -29.0% | 287,747 | -8.5% | 5.12% | -17.1% |
| 2100PS | Sell | GENCORP INC | $12,567,000 | -17.6% | 786,896 | -1.5% | 4.83% | -3.8% |
| MIC | Sell | MACQUARIE INFRASTR CO LLCmembership int | $11,395,000 | -12.9% | 170,847 | -18.5% | 4.38% | +1.7% |
| AER | Buy | AERCAP HOLDINGS NV | $10,759,000 | +26.1% | 263,057 | +41.2% | 4.13% | +47.2% |
| DSX | Sell | DIANA SHIPPING INC | $10,080,000 | -19.1% | 1,127,505 | -1.5% | 3.87% | -5.6% |
| AAL | Sell | AMERICAN AIRLS GROUP INC | $7,753,000 | -53.4% | 218,507 | -43.6% | 2.98% | -45.6% |
| TPH | New | TRI POINTE HOMES INC | $5,766,000 | – | 445,632 | – | 2.22% | – |
| SSP | Sell | SCRIPPS E W CO OHIOcl a new | $5,260,000 | -61.2% | 322,500 | -49.6% | 2.02% | -54.7% |
| NXST | Exit | NEXSTAR BROADCASTING GROUP Icl a | $0 | – | -56,500 | – | -0.96% | – |
| AXL | Exit | AMERICAN AXLE & MFG HLDGS IN | $0 | – | -459,700 | – | -2.86% | – |
| SPY | Exit | SPDR S&P 500 ETF TRput | $0 | – | -230,000 | – | -14.81% | – |
Q2 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VC | New | VISTEON CORP | $53,862,000 | – | 555,216 | – | 17.72% | – |
| SPY | New | SPDR S&P 500 ETF TRput | $45,016,000 | – | 230,000 | – | 14.81% | – |
| RCL | New | ROYAL CARIBBEAN CRUISES LTD | $29,068,000 | – | 522,801 | – | 9.56% | – |
| CAR | New | AVIS BUDGET GROUP | $28,844,000 | – | 483,236 | – | 9.49% | – |
| AL | New | AIR LEASE CORPcl a | $23,535,000 | – | 610,024 | – | 7.74% | – |
| DDD | New | 3-D SYS CORP DEL | $18,797,000 | – | 314,325 | – | 6.18% | – |
| AAL | New | AMERICAN AIRLS GROUP INC | $16,633,000 | – | 387,169 | – | 5.47% | – |
| 2100PS | New | GENCORP INC | $15,253,000 | – | 798,606 | – | 5.02% | – |
| MEOH | New | METHANEX CORP | $13,698,000 | – | 221,728 | – | 4.51% | – |
| SSP | New | SCRIPPS E W CO OHIOcl a new | $13,541,000 | – | 639,928 | – | 4.46% | – |
| MIC | New | MACQUARIE INFRASTR CO LLCmembership int | $13,079,000 | – | 209,694 | – | 4.30% | – |
| DSX | New | DIANA SHIPPING INC | $12,461,000 | – | 1,144,284 | – | 4.10% | – |
| AXL | New | AMERICAN AXLE & MFG HLDGS IN | $8,684,000 | – | 459,700 | – | 2.86% | – |
| AER | New | AERCAP HOLDINGS NV | $8,534,000 | – | 186,337 | – | 2.81% | – |
| NXST | New | NEXSTAR BROADCASTING GROUP Icl a | $2,916,000 | – | 56,500 | – | 0.96% | – |
Q4 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CLF | Exit | CLIFFS NAT RES INC | $0 | – | -100,700 | – | -0.87% | – |
| ISS | Exit | ISOFTSTONE HLDGS LTDsponsored ads | $0 | – | -427,700 | – | -0.89% | – |
| SLCA | Exit | U S SILICA HLDGS INC | $0 | – | -189,200 | – | -1.99% | – |
| HMTV | Exit | HEMISPHERE MEDIA GROUP INCcl a | $0 | – | -402,691 | – | -2.00% | – |
| Exit | EVRYWARE GLOBAL INC | $0 | – | -435,000 | – | -2.09% | – | |
| DSX | Exit | DIANA SHIPPING INC | $0 | – | -483,847 | – | -2.46% | – |
| Exit | XPO LOGISTICS INCnote 4.500%10/0 | $0 | – | -4,090,000 | – | -2.51% | – | |
| WPP | Exit | WAUSAU PAPER CORP | $0 | – | -492,676 | – | -2.70% | – |
| ASCMA | Exit | ASCENT CAP GROUP INC | $0 | – | -118,804 | – | -4.04% | – |
| GRA | Exit | GRACE W R & CO DEL NEW | $0 | – | -122,000 | – | -4.50% | – |
| KAR | Exit | KAR AUCTION SVCS INC | $0 | – | -440,000 | – | -5.23% | – |
| HTZ | Exit | HERTZ GLOBAL HOLDINGS INC | $0 | – | -653,850 | – | -6.11% | – |
| GNCIQ | Exit | GNC HLDGS INC | $0 | – | -309,200 | – | -7.12% | – |
| AXL | Exit | AMERICAN AXLE & MFG HLDGS IN | $0 | – | -874,700 | – | -7.27% | – |
| CAR | Exit | AVIS BUDGET GROUP | $0 | – | -616,694 | – | -7.50% | – |
| AL | Exit | AIR LEASE CORPcl a | $0 | – | -789,249 | – | -9.21% | – |
| 2100PS | Exit | GENCORP INC | $0 | – | -1,482,487 | – | -10.02% | – |
| RCL | Exit | ROYAL CARIBBEAN CRUISES LTD | $0 | – | -637,800 | – | -10.30% | – |
| MIC | Exit | MACQUARIE INFRASTR CO LLCmembership int | $0 | – | -584,717 | – | -13.20% | – |
Q3 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MIC | Sell | MACQUARIE INFRASTR CO LLCmembership int | $31,306,000 | -11.5% | 584,717 | -11.6% | 13.20% | +17.1% |
| 2100PS | Sell | GENCORP INC | $23,764,000 | -5.1% | 1,482,487 | -3.7% | 10.02% | +25.6% |
| AL | Buy | AIR LEASE CORPcl a | $21,831,000 | +1.2% | 789,249 | +0.9% | 9.21% | +33.8% |
| CAR | Sell | AVIS BUDGET GROUP | $17,779,000 | -0.2% | 616,694 | -0.5% | 7.50% | +32.1% |
| AXL | Buy | AMERICAN AXLE & MFG HLDGS IN | $17,249,000 | +21.3% | 874,700 | +14.6% | 7.27% | +60.5% |
| GNCIQ | Buy | GNC HLDGS INC | $16,892,000 | +25.1% | 309,200 | +1.2% | 7.12% | +65.5% |
| HTZ | Buy | HERTZ GLOBAL HOLDINGS INC | $14,489,000 | -4.5% | 653,850 | +6.8% | 6.11% | +26.3% |
| KAR | New | KAR AUCTION SVCS INC | $12,412,000 | – | 440,000 | – | 5.23% | – |
| GRA | Buy | GRACE W R & CO DEL NEW | $10,663,000 | +20.6% | 122,000 | +16.0% | 4.50% | +59.5% |
| ASCMA | Buy | ASCENT CAP GROUP INC | $9,578,000 | +25.3% | 118,804 | +21.3% | 4.04% | +65.8% |
| WPP | Buy | WAUSAU PAPER CORP | $6,400,000 | +34.1% | 492,676 | +17.6% | 2.70% | +77.4% |
| New | XPO LOGISTICS INCnote 4.500%10/0 | $5,956,000 | – | 4,090,000 | – | 2.51% | – | |
| DSX | New | DIANA SHIPPING INC | $5,840,000 | – | 483,847 | – | 2.46% | – |
| Buy | EVRYWARE GLOBAL INC | $4,959,000 | +36.2% | 435,000 | +45.0% | 2.09% | +80.1% | |
| HMTV | Sell | HEMISPHERE MEDIA GROUP INCcl a | $4,732,000 | -20.1% | 402,691 | -6.9% | 2.00% | +5.7% |
| SLCA | Sell | U S SILICA HLDGS INC | $4,711,000 | -40.7% | 189,200 | -50.5% | 1.99% | -21.5% |
| ISS | New | ISOFTSTONE HLDGS LTDsponsored ads | $2,104,000 | – | 427,700 | – | 0.89% | – |
| CLF | New | CLIFFS NAT RES INC | $2,064,000 | – | 100,700 | – | 0.87% | – |
| Exit | XPO LOGISTICS INCnote 4.500%10/0 | $0 | – | -3,090,000 | – | -1.19% | – | |
| HDB | Exit | HDFC BANK LTD | $0 | – | -155,242 | – | -1.79% | – |
| NWSA | Exit | NEWS CORPcl a | $0 | – | -370,000 | – | -1.80% | – |
| GOOGL | Exit | GOOGLE INCcl a | $0 | – | -9,232 | – | -2.59% | – |
| PSX | Exit | PHILLIPS 66 | $0 | – | -222,000 | – | -4.17% | – |
| LORL | Exit | LORAL SPACE & COMMUNICATNS I | $0 | – | -221,899 | – | -4.24% | – |
| AAPL | Exit | APPLE INC | $0 | – | -41,365 | – | -5.23% | – |
| SPY | Exit | SPDR S&P 500 ETF TRput | $0 | – | -281,300 | – | -14.38% | – |
Q2 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SPY | New | SPDR S&P 500 ETF TRput | $45,126,000 | – | 281,300 | – | 14.38% | – |
| MIC | New | MACQUARIE INFRASTR CO LLCmembership int | $35,374,000 | – | 661,817 | – | 11.27% | – |
| 2100PS | New | GENCORP INC | $25,032,000 | – | 1,539,487 | – | 7.98% | – |
| AL | New | AIR LEASE CORPcl a | $21,582,000 | – | 782,250 | – | 6.88% | – |
| RCL | New | ROYAL CARIBBEAN CRUISES LTD | $21,264,000 | – | 637,800 | – | 6.78% | – |
| CAR | New | AVIS BUDGET GROUP | $17,810,000 | – | 619,494 | – | 5.68% | – |
| AAPL | New | APPLE INC | $16,401,000 | – | 41,365 | – | 5.23% | – |
| HTZ | New | HERTZ GLOBAL HOLDINGS INC | $15,178,000 | – | 612,000 | – | 4.84% | – |
| AXL | New | AMERICAN AXLE & MFG HLDGS IN | $14,218,000 | – | 763,200 | – | 4.53% | – |
| GNCIQ | New | GNC HLDGS INC | $13,506,000 | – | 305,500 | – | 4.30% | – |
| LORL | New | LORAL SPACE & COMMUNICATNS I | $13,310,000 | – | 221,899 | – | 4.24% | – |
| PSX | New | PHILLIPS 66 | $13,078,000 | – | 222,000 | – | 4.17% | – |
| GRA | New | GRACE W R & CO DEL NEW | $8,841,000 | – | 105,200 | – | 2.82% | – |
| GOOGL | New | GOOGLE INCcl a | $8,128,000 | – | 9,232 | – | 2.59% | – |
| SLCA | New | U S SILICA HLDGS INC | $7,942,000 | – | 382,200 | – | 2.53% | – |
| ASCMA | New | ASCENT CAP GROUP INC | $7,644,000 | – | 97,909 | – | 2.44% | – |
| HMTV | New | HEMISPHERE MEDIA GROUP INCcl a | $5,923,000 | – | 432,310 | – | 1.89% | – |
| NWSA | New | NEWS CORPcl a | $5,643,000 | – | 370,000 | – | 1.80% | – |
| HDB | New | HDFC BANK LTD | $5,626,000 | – | 155,242 | – | 1.79% | – |
| WPP | New | WAUSAU PAPER CORP | $4,774,000 | – | 418,800 | – | 1.52% | – |
| New | XPO LOGISTICS INCnote 4.500%10/0 | $3,739,000 | – | 3,090,000 | – | 1.19% | – | |
| New | EVRYWARE GLOBAL INC | $3,642,000 | – | 300,000 | – | 1.16% | – |