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
AIR PRODS & CHEMS INC COM 009158106 3,405 26,688 SH   SOLE   26,688 0 0
AVIS BUDGET GROUP COM 053774105 3,210 73,491 SH   SOLE   73,491 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4,171 31,983 SH   SOLE   31,983 0 0
CANADIAN PAC RY LTD COM 13645T100 1,536 10,700 SH   SOLE   10,700 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 2,749 61,265 SH   SOLE   61,265 0 0
GENERAL ELECTRIC CO COM 369604103 2,571 101,950 SH   SOLE   101,950 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 2,303 13,254 SH   SOLE   13,254 0 0
HOWARD HUGHES CORP COM 44267D107 5,909 51,495 SH   SOLE   51,495 0 0
JETBLUE AIRWAYS CORP COM 477143101 2,812 109,110 SH   SOLE   109,110 0 0
MAGICJACK VOCALTEC LTD SHS M6787E101 2,922 327,964 SH   SOLE   327,964 0 0
MICRON TECHNOLOGY INC COM 595112103 2,718 181,420 SH   SOLE   181,420 0 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 4,647 367,320 SH   SOLE   367,320 0 0
READING INTERNATIONAL INC CL A 755408101 3,692 291,406 SH   SOLE   291,406 0 0
SODASTREAM INTERNATIONAL LTD USD SHS M9068E105 2,625 190,785 SH   SOLE   190,785 0 0
SPARK NETWORKS INC COM 84651P100 2,326 807,509 SH   SOLE   807,509 0 0
UNION PAC CORP COM 907818108 2,765 31,280 SH   SOLE   31,280 0 0