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 INCCOM02376R1021,061,82422,742,000SH DFND422,742,00000
AMERICAN AIRLS GROUP INCCOM02376R1021,064,66522,802,854SH DFND4,8,1122,802,85400
AMERICAN EXPRESS COCOM025816109144,6151,952,142SH DFND41,952,14200
AMERICAN EXPRESS COCOM0258161091,276,05817,225,400SH DFND4,517,225,40000
AMERICAN EXPRESS COCOM02581610962,215839,832SH DFND4,7839,83200
AMERICAN EXPRESS COCOM025816109152,3902,057,100SH DFND4,8,112,057,10000
AMERICAN EXPRESS COCOM025816109592,2427,994,634SH DFND4,107,994,63400
AMERICAN EXPRESS COCOM0258161098,900,110120,141,879SH DFND4,11120,141,87900
AMERICAN EXPRESS COCOM025816109103,6911,399,713SH DFND4,131,399,71300
APPLE INCCOM03783310082,232710,000SH DFND4710,00000
APPLE INCCOM037833100111,187960,000SH DFND1,2,4,11960,00000
APPLE INCCOM0378331001,021,3018,818,000SH DFND4,58,818,00000
APPLE INCCOM03783310078,873681,000SH DFND4,6681,00000
APPLE INCCOM0378331001,781,97715,385,747SH DFND4,8,1115,385,74700
APPLE INCCOM037833100208,5921,801,000SH DFND4,5,91,801,00000
APPLE INCCOM037833100419,0373,618,000SH DFND4,103,618,00000
APPLE INCCOM0378331002,752,33523,763,905SH DFND4,1123,763,90500
APPLE INCCOM03783310078,526678,000SH DFND4,12678,00000
APPLE INCCOM037833100109,334944,000SH DFND4,14944,00000
BANK OF NEW YORK MELLON CORPCOM064058100355,8837,511,249SH DFND47,511,24900
BANK OF NEW YORK MELLON CORPCOM06405810084,9961,793,915SH DFND2,4,111,793,91500
BANK OF NEW YORK MELLON CORPCOM064058100291,8796,160,384SH DFND4,8,116,160,38400
BANK OF NEW YORK MELLON CORPCOM06405810026,060550,021SH DFND4,5,9550,02100
BANK OF NEW YORK MELLON CORPCOM064058100268,0005,656,400SH DFND4,115,656,40000
CHARTER COMMUNICATIONS INC NCL A16119P108764,2662,654,437SH DFND42,654,43700
CHARTER COMMUNICATIONS INC NCL A16119P1081,954,7046,789,054SH DFND4,8,116,789,05400
COCA COLA COCOM19121610033,168800,000SH DFND4800,00000
COCA COLA COCOM1912161003,328,54180,283,200SH DFND4,580,283,20000
COCA COLA COCOM19121610075,6231,824,000SH DFND4,61,824,00000
COCA COLA COCOM191216100597,48814,411,200SH DFND4,8,1114,411,20000
COCA COLA COCOM191216100621,50214,990,400SH DFND4,1014,990,40000
COCA COLA COCOM19121610011,740,610283,179,200SH DFND4,11283,179,20000
COCA COLA COCOM191216100147,2663,552,000SH DFND4,123,552,00000
COCA COLA COCOM19121610039,802960,000SH DFND4,13960,00000
COSTCO WHSL CORP NEWCOM22160K105693,8154,333,363SH DFND4,114,333,36300
DAVITA HEALTHCARE PARTNERS ICOM23918K1081,287,34420,052,088SH DFND420,052,08800
DAVITA HEALTHCARE PARTNERS ICOM23918K1081,188,56618,513,482SH DFND4,8,1118,513,48200
DELTA AIR LINES INC DELCOM NEW247361702250,4405,091,277SH DFND45,091,27700
DELTA AIR LINES INC DELCOM NEW247361702389,0307,908,723SH DFND4,8,117,908,72300
DELTA AIR LINES INC DELCOM NEW2473617022,313,20947,025,995SH DFND4,1147,025,99500
GENERAL ELECTRIC COCOM36960410318,609588,900SH DFND4588,90000
GENERAL ELECTRIC COCOM36960410316,923535,532SH DFND4,5535,53200
GENERAL ELECTRIC COCOM369604103157,9464,998,302SH DFND4,8,114,998,30200
GENERAL ELECTRIC COCOM3696041031,12835,702SH DFND4,1035,70200
GENERAL ELECTRIC COCOM369604103134,2544,248,556SH DFND4,114,248,55600
GENERAL ELECTRIC COCOM3696041035,641178,510SH DFND4,12178,51000
GENERAL MTRS COCOM37045V100539,07415,472,853SH DFND415,472,85300
GENERAL MTRS COCOM37045V100867,07024,887,209SH DFND4,8,1124,887,20900
GENERAL MTRS COCOM37045V100292,7378,402,338SH DFND4,108,402,33800
GENERAL MTRS COCOM37045V10043,1181,237,600SH DFND4,111,237,60000
GOLDMAN SACHS GROUP INCCOM38141G1041,047,8264,375,968SH DFND4,8,114,375,96800
GOLDMAN SACHS GROUP INCCOM38141G1041,576,4316,583,551SH DFND4,116,583,55100
GRAHAM HLDGS COCOM38463710424,65848,165SH DFND4,100048,165
GRAHAM HLDGS COCOM38463710430,41559,410SH DFND4,110059,410
INTERNATIONAL BUSINESS MACHSCOM45920010114,02384,480SH DFND484,48000
INTERNATIONAL BUSINESS MACHSCOM45920010146,145278,000SH DFND1,2,4,11278,00000
INTERNATIONAL BUSINESS MACHSCOM459200101119,727721,288SH DFND4,5721,28800
INTERNATIONAL BUSINESS MACHSCOM45920010184,456508,800SH DFND4,8,11508,80000
INTERNATIONAL BUSINESS MACHSCOM45920010138,692233,100SH DFND4,10233,10000
INTERNATIONAL BUSINESS MACHSCOM45920010113,147,70079,207,782SH DFND4,1179,207,78200
INTERNATIONAL BUSINESS MACHSCOM45920010133,008198,853SH DFND4,12198,85300
JOHNSON & JOHNSONCOM47816010437,685327,100SH DFND4327,10000
KRAFT HEINZ COCOM50075410628,434,432325,634,818SH DFND4325,634,81800
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM53122940967,8321,965,000SH DFND41,965,00000
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM531229409243,0137,039,780SH DFND4,8,117,039,78000
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM53122940932,221933,391SH DFND4,10933,39100
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM5312294094,164120,629SH DFND4,11120,62900
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM531229607133,9573,949,206SH DFND43,949,20600
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM531229607595,89717,567,720SH DFND4,8,1117,567,72000
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM53122960717,254508,654SH DFND4,10508,65400
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM5312296077,141210,529SH DFND4,11210,52900
M & T BK CORPCOM55261F10485,411546,000SH DFND4,8,11546,00000
M & T BK CORPCOM55261F10425,779164,795SH DFND4,10164,79500
M & T BK CORPCOM55261F104730,7234,671,245SH DFND4,114,671,24500
MASTERCARD INCCL A57636Q104509,5144,934,756SH DFND4,8,114,934,75600
MONDELEZ INTL INCCL A60920710525,623578,000SH DFND4578,00000
MOSANTO CO NEWCOM61166W101345,6153,285,000SH DFND43,285,00000
MOSANTO CO NEWCOM61166W101500,4614,756,784SH DFND4,114,756,78400
MOODYS CORPCOM6153691051,128,78211,973,928SH DFND4,8,1111,973,92800
MOODYS CORPCOM6153691051,196,83812,695,850SH DFND4,1112,695,85000
PHILLIPS 66COM718546104527,2746,102,000SH DFND46,102,00000
PHILLIPS 66COM71854610467,573782,000SH DFND1,2,4,11782,00000
PHILLIPS 66COM718546104450,4555,213,000SH DFND4,55,213,00000
PHILLIPS 66COM718546104100,4951,163,000SH DFND4,101,163,00000
PHILLIPS 66COM7185461045,717,22266,163,892SH DFND4,1166,163,89200
PHILLIPS 66COM718546104109,3951,266,000SH DFND4,121,266,00000
PROCTER & GAMBLE COCOM74271810926,519315,400SH DFND4315,40000
RESTAURANT BRANDS INTL INCCOM76131D103402,1668,438,225SH DFND4,118,438,22500
SANOFISPONSORED ADR80105N10517,041421,400SH DFND4,8,11421,40000
SANOFISPONSORED ADR80105N10520,614509,742SH DFND4,5,9509,74200
SANOFISPONSORED ADR80105N1056,846169,300SH DFND4,10169,30000
SANOFISPONSORED ADR80105N105113,4522,805,433SH DFND4,112,805,43300
SIRIUS XM HLDGS INCCOM82968B103544,110122,272,000SH DFND4122,272,00000
SIRIUS XM HLDGS INCCOM82968B103197,43744,367,941SH DFND4,8,1144,367,94100
SOUTHWEST AIRLS COCOM8447411084358,722SH DFND4,5,98,72200
SOUTHWEST AIRLS COCOM8447411082,152,84143,195,053SH DFND4,1143,195,05300
TORCHMARK CORPCOM89102710412,870174,489SH DFND2,4,11174,48900
TORCHMARK CORPCOM89102710474,6371,011,888SH DFND4,51,011,88800
TORCHMARK CORPCOM891027104106,1651,439,325SH DFND4,101,439,32500
TORCHMARK CORPCOM891027104274,9793,728,025SH DFND4,113,728,02500
TWENTY FIRST CENTY FOX INCCL A90130A101129,9064,632,867SH DFND44,632,86700
TWENTY FIRST CENTY FOX INCCL A90130A101121,1054,319,002SH DFND4,8,114,319,00200
US BANCORP DELCOM NEW90297330430,322590,275SH DFND4590,27500
US BANCORP DELCOM NEW902973304157,7063,070,000SH DFND1,2,4,113,070,00000
US BANCORP DELCOM NEW9029733041,224,21423,831,300SH DFND4,523,831,30000
US BANCORP DELCOM NEW90297330460,3601,175,000SH DFND4,61,175,00000
US BANCORP DELCOM NEW902973304651,33612,679,300SH DFND4,8,1112,679,30000
US BANCORP DELCOM NEW902973304216,0014,204,800SH DFND4,5,94,204,80000
US BANCORP DELCOM NEW9029733041,940,11637,767,492SH DFND4,1137,767,49200
US BANCORP DELCOM NEW90297330489,6411,745,000SH DFND4,141,745,00000
U S G CORPCOM NEW903293405405,33314,035,088SH DFND2,4,1114,035,08800
U S G CORPCOM NEW903293405721,04524,966,928SH DFND4,1124,966,92800
UNITED CONTL HLDGS INCCOM910047109169,8962,331,169SH DFND42,331,16900
UNITED CONTL HLDGS INCCOM910047109413,1445,668,831SH DFND4,8,115,668,83100
UNITED CONTL HLDGS INCCOM9100471091,526,93520,951,353SH DFND4,1120,951,35300
UNITED PARCEL SERVICE INCCL B9113121066,81059,400SH DFND459,40000
VERISIGN INCCOM92343E102383,9455,047,264SH DFND45,047,26400
VERISIGN INCCOM92343E102601,3707,905,481SH DFND4,8,117,905,48100
VERIZON COMMUNICATIONS INCCOM92343V10450928SH DFND492800
VERISK ANALYTICS INCCL A92345Y106126,9041,563,434SH DFND4,8,111,563,43400
VISA INCCOM CL A92826C83925,224323,300SH DFND4323,30000
VISA INCCOM CL A92826C839798,85910,239,160SH DFND4,8,1110,239,16000
WABCO HLDGS INCCOM92927K102183,1831,725,701SH DFND41,725,70100
WABCO HLDGS INCCOM92927K102174,3721,642,693SH DFND4,8,111,642,69300
WAL MART STORES INCCOM93114210365,388946,000SH DFND4,8,11946,00000
WAL MART STORES INCCOM93114210330,932447,513SH DFND4,11447,51300
WELLS FARGO & CO NEWCOM949746101411,9737,475,470SH DFND47,475,47000
WELLS FARGO & CO NEWCOM949746101906,56016,450,000SH DFND1,2,4,1116,450,00000
WELLS FARGO & CO NEWCOM949746101292,2765,303,500SH DFND2,4,115,303,50000
WELLS FARGO & CO NEWCOM949746101375,4576,812,857SH DFND3,4,56,812,85700
WELLS FARGO & CO NEWCOM9497461014,135,88575,047,819SH DFND4,575,047,81900
WELLS FARGO & CO NEWCOM94974610145,190820,000SH DFND4,6820,00000
WELLS FARGO & CO NEWCOM94974610193,6871,700,000SH DFND4,71,700,00000
WELLS FARGO & CO NEWCOM9497461011,998,02436,255,200SH DFND4,8,1136,255,20000
WELLS FARGO & CO NEWCOM949746101565,81410,267,000SH DFND4,5,910,267,00000
WELLS FARGO & CO NEWCOM9497461013,073,83455,776,330SH DFND4,1055,776,33000
WELLS FARGO & CO NEWCOM94974610114,125,948256,322,774SH DFND4,11256,322,77400
WELLS FARGO & CO NEWCOM949746101153,6472,788,000SH DFND4,122,788,00000
WELLS FARGO & CO NEWCOM94974610188,7121,609,720SH DFND4,131,609,72000
WELLS FARGO & CO NEWCOM949746101169,4963,075,600SH DFND4,143,075,60000
AXALTA COATING SYS LTDCOMG0750C10890,4133,324,000SH DFND43,324,00000
AXALTA COATING SYS LTDCOMG0750C108544,00020,000,000SH DFND4,8,1120,000,00000
LIBERTY GLOBAL PLCSHS CL AG5480U104256,3148,379,000SH DFND48,379,00000
LIBERTY GLOBAL PLCSHS CL AG5480U104361,02011,801,897SH DFND4,8,1111,801,89700
LIBERTY GLOBAL PLCSHS CL CG5480U120218,2057,346,968SH DFND4,8,117,346,96800
LIBERTY GLOBAL PLCLILAC SHS CL AG5480U13823,9291,089,669SH DFND41,089,66900
LIBERTY GLOBAL PLCLILAC SHS CL AG5480U13835,6891,625,185SH DFND4,8,111,625,18500
LIBERTY GLOBAL PLCLILAC SHS CL CG5480U15327,1831,284,020SH DFND4,8,111,284,02000