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
Expires:Oct 31, 2018
Estimated average burden
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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AMERICAN AIRLS GROUP INCCOM02376R102488,93013,355,099SH DFND413,355,09900
AMERICAN AIRLS GROUP INCCOM02376R102308,0908,415,456SH DFND4,8,118,415,45600
AMERICAN EXPRESS COCOM025816109125,0151,952,142SH DFND41,952,14200
AMERICAN EXPRESS COCOM0258161091,103,11517,225,400SH DFND4,517,225,40000
AMERICAN EXPRESS COCOM02581610953,783839,832SH DFND4,7839,83200
AMERICAN EXPRESS COCOM025816109131,7372,057,100SH DFND4,8,112,057,10000
AMERICAN EXPRESS COCOM025816109511,9767,994,634SH DFND4,107,994,63400
AMERICAN EXPRESS COCOM0258161097,693,886120,141,879SH DFND4,11120,141,87900
AMERICAN EXPRESS COCOM02581610989,6381,399,713SH DFND4,131,399,71300
APPLE INCCOM037833100122,5801,084,300SH DFND41,084,30000
APPLE INCCOM0378331001,152,40310,193,747SH DFND4,8,1110,193,74700
APPLE INCCOM037833100411,7633,642,305SH DFND4,103,642,30500
APPLE INCCOM03783310034,746307,350SH DFND4,11307,35000
BANK OF NEW YORK MELLON CORPCOM064058100278,2036,975,992SH DFND46,975,99200
BANK OF NEW YORK MELLON CORPCOM06405810071,5411,793,915SH DFND2,4,111,793,91500
BANK OF NEW YORK MELLON CORPCOM064058100245,6766,160,384SH DFND4,8,116,160,38400
BANK OF NEW YORK MELLON CORPCOM06405810021,935550,021SH DFND4,5,9550,02100
BANK OF NEW YORK MELLON CORPCOM064058100225,5775,656,400SH DFND4,115,656,40000
CHARTER COMMUNICATIONS INC NCL A16119P108716,6182,654,437SH DFND42,654,43700
CHARTER COMMUNICATIONS INC NCL A16119P1081,832,8416,789,054SH DFND4,8,116,789,05400
COCA COLA COCOM19121610033,856800,000SH DFND4800,00000
COCA COLA COCOM1912161003,397,58580,283,200SH DFND4,580,283,20000
COCA COLA COCOM19121610077,1921,824,000SH DFND4,61,824,00000
COCA COLA COCOM191216100609,88214,411,200SH DFND4,8,1114,411,20000
COCA COLA COCOM191216100773,54218,278,400SH DFND4,1018,278,40000
COCA COLA COCOM19121610011,844,996279,891,200SH DFND4,11279,891,20000
COCA COLA COCOM191216100150,3213,552,000SH DFND4,123,552,00000
COCA COLA COCOM19121610040,627960,000SH DFND4,13960,00000
COSTCO WHSL CORP NEWCOM22160K105660,8814,333,363SH DFND4,114,333,36300
DAVITA HEALTHCARE PARTNERS ICOM23918K1081,324,84120,052,088SH DFND420,052,08800
DAVITA HEALTHCARE PARTNERS ICOM23918K1081,223,18618,513,482SH DFND4,8,1118,513,48200
DEERE & COCOM244199105197,3692,312,467SH DFND4,8,112,312,46700
DEERE & COCOM24419910510,256120,165SH DFND4,10120,16500
DEERE & COCOM2441991051,505,99717,644,955SH DFND4,1117,709,39400
DEERE & COCOM24419910585,9881,007,474SH DFND4,121,007,47400
DELTA AIR LINES INC DELCOM NEW247361702249,3036,333,923SH DFND4,8,116,333,92300
GENERAL ELECTRIC COCOM36960410317,443588,900SH DFND4588,90000
GENERAL ELECTRIC COCOM36960410315,862535,532SH DFND4,5535,53200
GENERAL ELECTRIC COCOM369604103148,0504,998,302SH DFND4,8,114,998,30200
GENERAL ELECTRIC COCOM3696041031,05735,702SH DFND4,1035,70200
GENERAL ELECTRIC COCOM369604103125,8424,248,556SH DFND4,114,248,55600
GENERAL ELECTRIC COCOM3696041035,287178,510SH DFND4,12178,51000
GENERAL MTRS COCOM37045V100491,57315,472,853SH DFND415,472,85300
GENERAL MTRS COCOM37045V100790,66724,887,209SH DFND4,8,1124,887,20900
GENERAL MTRS COCOM37045V100266,9428,402,338SH DFND4,108,402,33800
GENERAL MTRS COCOM37045V10039,3191,237,600SH DFND4,111,237,60000
GOLDMAN SACHS GROUP INCCOM38141G104705,7124,375,968SH DFND4,8,114,375,96800
GOLDMAN SACHS GROUP INCCOM38141G1041,061,7296,583,551SH DFND4,116,583,55100
GRAHAM HLDGS COCOM38463710423,18548,165SH DFND4,100048,165
GRAHAM HLDGS COCOM38463710428,59859,410SH DFND4,110059,410
INTERNATIONAL BUSINESS MACHSCOM45920010113,42084,480SH DFND484,48000
INTERNATIONAL BUSINESS MACHSCOM45920010144,160278,000SH DFND1,2,4,11278,00000
INTERNATIONAL BUSINESS MACHSCOM459200101114,577721,288SH DFND4,5721,28800
INTERNATIONAL BUSINESS MACHSCOM45920010180,823508,800SH DFND4,8,11508,80000
INTERNATIONAL BUSINESS MACHSCOM459200101133,926843,100SH DFND4,10843,10000
INTERNATIONAL BUSINESS MACHSCOM45920010112,485,25878,597,782SH DFND4,1178,597,78200
INTERNATIONAL BUSINESS MACHSCOM45920010131,588198,853SH DFND4,12198,85300
JOHNSON & JOHNSONCOM47816010438,640327,100SH DFND4327,10000
KINDER MORGAN INC DELCOM49456B101462,60020,000,000SH DFND420,000,00000
KRAFT HEINZ COCOM50075410629,147,573325,634,818SH DFND4325,634,81800
LEE ENTERPRISES INCCOM52376810933388,863SH DFND4,588,86300
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM53122940966,7711,965,000SH DFND41,965,00000
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM531229409239,2127,039,780SH DFND4,8,117,039,78000
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM53122940931,717933,391SH DFND4,10933,39100
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM5312294094,099120,629SH DFND4,11120,62900
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM531229607131,9433,949,206SH DFND43,949,20600
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM531229607586,93817,567,720SH DFND4,8,1117,567,72000
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM53122960716,994508,654SH DFND4,10508,65400
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM5312296077,034210,529SH DFND4,11210,52900
LIBERTY MEDIA CORP DELAWARECOM C MEDIA GRP53122985489,7403,189,041SH DFND4,8,113,189,04100
LIBERTY MEDIA CORP DELAWARECOM A MEDIA GRP53122987037,1311,296,013SH DFND4,8,111,296,01300
M & T BK CORPCOM55261F10463,391546,000SH DFND4,8,11546,00000
M & T BK CORPCOM55261F10419,133164,795SH DFND4,10164,79500
M & T BK CORPCOM55261F104542,3324,671,245SH DFND4,114,671,24500
MASTERCARD INCCL A57636Q104502,2104,934,756SH DFND4,8,114,934,75600
MONDELEZ INTL INCCL A60920710525,374578,000SH DFND4578,00000
MOODYS CORPCOM6153691051,296,53711,973,928SH DFND4,8,1111,973,92800
MOODYS CORPCOM6153691051,374,70712,695,850SH DFND4,1112,695,85000
NOW INCCOM67011P10014,137659,694SH DFND4659,69400
NOW INCCOM67011P10024,9851,165,875SH DFND4,8,111,165,87500
PHILLIPS 66COM718546104491,5166,102,000SH DFND46,102,00000
PHILLIPS 66COM71854610462,990782,000SH DFND1,2,4,11782,00000
PHILLIPS 66COM718546104419,9075,213,000SH DFND4,55,213,00000
PHILLIPS 66COM71854610493,6801,163,000SH DFND4,101,163,00000
PHILLIPS 66COM7185461045,329,50266,163,892SH DFND4,1166,163,89200
PHILLIPS 66COM718546104101,9761,266,000SH DFND4,121,266,00000
PROCTER & GAMBLE COCOM74271810928,307315,400SH DFND4315,40000
RESTAURANT BRANDS INTL INCCOM76131D103376,1768,438,225SH DFND4,118,438,22500
SANOFISPONSORED ADR80105N10516,093421,400SH DFND4,8,11421,40000
SANOFISPONSORED ADR80105N10519,467509,742SH DFND4,5,9509,74200
SANOFISPONSORED ADR80105N1056,466169,300SH DFND4,10169,30000
SANOFISPONSORED ADR80105N105107,1392,805,433SH DFND4,112,805,43300
TORCHMARK CORPCOM89102710411,148174,489SH DFND2,4,11174,48900
TORCHMARK CORPCOM89102710464,6501,011,888SH DFND4,51,011,88800
TORCHMARK CORPCOM89102710491,9581,439,325SH DFND4,101,439,32500
TORCHMARK CORPCOM891027104238,1843,728,025SH DFND4,113,728,02500
TWENTY FIRST CENTY FOX INCCL A90130A101112,2084,632,867SH DFND44,632,86700
TWENTY FIRST CENTY FOX INCCL A90130A101104,6064,319,002SH DFND4,8,114,319,00200
US BANCORP DELCOM NEW90297330425,317590,275SH DFND4590,27500
US BANCORP DELCOM NEW902973304131,6723,070,000SH DFND1,2,4,113,070,00000
US BANCORP DELCOM NEW9029733041,022,12423,831,300SH DFND4,523,831,30000
US BANCORP DELCOM NEW90297330450,3961,175,000SH DFND4,61,175,00000
US BANCORP DELCOM NEW902973304543,81512,679,300SH DFND4,8,1112,679,30000
US BANCORP DELCOM NEW902973304180,3444,204,800SH DFND4,5,94,204,80000
US BANCORP DELCOM NEW902973304130,8153,050,000SH DFND4,103,050,00000
US BANCORP DELCOM NEW9029733041,489,03334,717,492SH DFND4,1134,717,49200
US BANCORP DELCOM NEW90297330474,8431,745,000SH DFND4,141,745,00000
U S G CORPCOM NEW903293405362,80714,035,088SH DFND2,4,1114,035,08800
U S G CORPCOM NEW903293405645,39524,966,928SH DFND4,1124,966,92800
UNITED CONTL HLDGS INCCOM910047109237,8474,533,013SH DFND4,8,114,533,01300
UNITED PARCEL SERVICE INCCL B9113121066,49659,400SH DFND459,40000
VERISIGN INCCOM92343E102394,8985,047,264SH DFND45,047,26400
VERISIGN INCCOM92343E102618,5257,905,481SH DFND4,8,117,905,48100
VERIZON COMMUNICATIONS INCCOM92343V104701,08713,487,628SH DFND413,487,62800
VERIZON COMMUNICATIONS INCCOM92343V10478,6611,513,300SH DFND4,8,111,513,30000
VERISK ANALYTICS INCCL A92345Y106127,0761,563,434SH DFND4,8,111,563,43400
VISA INCCOM CL A92826C83926,737323,300SH DFND4323,30000
VISA INCCOM CL A92826C839846,77910,239,160SH DFND4,8,1110,239,16000
WABCO HLDGS INCCOM92927K102195,9191,725,701SH DFND41,725,70100
WABCO HLDGS INCCOM92927K102186,4951,642,693SH DFND4,8,111,642,69300
WAL MART STORES INCCOM93114210368,226946,000SH DFND4,8,11946,00000
WAL MART STORES INCCOM931142103867,28412,025,574SH DFND4,1112,025,57400
WELLS FARGO & CO NEWCOM949746101331,0147,475,470SH DFND47,475,47000
WELLS FARGO & CO NEWCOM949746101728,40616,450,000SH DFND1,2,4,1116,450,00000
WELLS FARGO & CO NEWCOM949746101234,8395,303,500SH DFND2,4,115,303,50000
WELLS FARGO & CO NEWCOM949746101301,6736,812,857SH DFND3,4,56,812,85700
WELLS FARGO & CO NEWCOM9497461013,323,11775,047,819SH DFND4,575,047,81900
WELLS FARGO & CO NEWCOM94974610136,310820,000SH DFND4,6820,00000
WELLS FARGO & CO NEWCOM94974610175,2761,700,000SH DFND4,71,700,00000
WELLS FARGO & CO NEWCOM9497461011,605,38036,255,200SH DFND4,8,1136,255,20000
WELLS FARGO & CO NEWCOM949746101454,62310,267,000SH DFND4,5,910,267,00000
WELLS FARGO & CO NEWCOM9497461012,535,13157,252,270SH DFND4,1057,252,27000
WELLS FARGO & CO NEWCOM94974610111,284,618254,846,834SH DFND4,11254,846,83400
WELLS FARGO & CO NEWCOM949746101123,4532,788,000SH DFND4,122,788,00000
WELLS FARGO & CO NEWCOM94974610171,2781,609,720SH DFND4,131,609,72000
WELLS FARGO & CO NEWCOM949746101136,1883,075,600SH DFND4,143,075,60000
AXALTA COATING SYS LTDCOMG0750C10893,9693,324,000SH DFND43,324,00000
AXALTA COATING SYS LTDCOMG0750C108565,40020,000,000SH DFND4,8,1120,000,00000
LIBERTY GLOBAL PLCSHS CL AG5480U104286,3948,379,000SH DFND48,379,00000
LIBERTY GLOBAL PLCSHS CL AG5480U104403,38911,801,897SH DFND4,8,1111,801,89700
LIBERTY GLOBAL PLCSHS CL CG5480U120242,7447,346,968SH DFND4,8,117,346,96800
LIBERTY GLOBAL PLCLILAC SHS CL AG5480U13830,0641,089,669SH DFND41,089,66900
LIBERTY GLOBAL PLCLILAC SHS CL AG5480U13844,8391,625,185SH DFND4,8,111,625,18500
LIBERTY GLOBAL PLCLILAC SHS CL CG5480U15336,0171,284,020SH DFND4,8,111,284,02000