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
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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 INCCOM02376R1021,032,52821,742,000SH DFND421,742,00000
AMERICAN AIRLS GROUP INCCOM02376R1021,115,93023,498,200SH DFND4,8,1123,498,20000
AMERICAN AIRLS GROUP INCCOM02376R10283,5731,759,800SH DFND4,111,759,80000
AMERICAN EXPRESS COCOM025816109176,5911,952,142SH DFND41,952,14200
AMERICAN EXPRESS COCOM0258161091,558,21017,225,400SH DFND4,517,225,40000
AMERICAN EXPRESS COCOM02581610975,971839,832SH DFND4,7839,83200
AMERICAN EXPRESS COCOM025816109186,0852,057,100SH DFND4,8,112,057,10000
AMERICAN EXPRESS COCOM025816109723,1957,994,634SH DFND4,107,994,63400
AMERICAN EXPRESS COCOM02581610910,868,034120,141,879SH DFND4,11120,141,87900
AMERICAN EXPRESS COCOM025816109126,6181,399,713SH DFND4,131,399,71300
APPLE INCCOM037833100109,425710,000SH DFND4710,00000
APPLE INCCOM037833100147,955960,000SH DFND1,2,4,11960,00000
APPLE INCCOM0378331002,150,12813,951,000SH DFND4,513,951,00000
APPLE INCCOM037833100104,956681,000SH DFND4,6681,00000
APPLE INCCOM0378331002,371,25115,385,747SH DFND4,8,1115,385,74700
APPLE INCCOM037833100468,2173,038,000SH DFND4,5,93,038,00000
APPLE INCCOM0378331001,842,96711,958,000SH DFND4,1011,958,00000
APPLE INCCOM03783310013,221,49885,787,035SH DFND4,1185,787,03500
APPLE INCCOM037833100104,493678,000SH DFND4,12678,00000
APPLE INCCOM037833100145,489944,000SH DFND4,14944,00000
BANK AMER CORPCOM060505104156,0946,160,000SH DFND46,160,00000
BANK AMER CORPCOM060505104301,54611,900,000SH DFND1,2,4,1111,900,00000
BANK AMER CORPCOM0605051043,547,600140,000,000SH DFND3,4,5140,000,00000
BANK AMER CORPCOM060505104141,9045,600,000SH DFND4,55,600,00000
BANK AMER CORPCOM06050510453,2142,100,000SH DFND4,62,100,00000
BANK AMER CORPCOM0605051047,900,505311,780,000SH DFND4,8,11311,780,00000
BANK AMER CORPCOM06050510414,190560,000SH DFND4,5,9560,00000
BANK AMER CORPCOM0605051044,132,954163,100,000SH DFND4,11163,100,00000
BANK AMER CORPCOM060505104709,52028,000,000SH DFND4,1228,000,00000
BANK AMER CORPCOM060505104248,3329,800,000SH DFND4,149,800,00000
BANK OF NEW YORK MELLON CORPCOM064058100398,2467,511,249SH DFND47,511,24900
BANK OF NEW YORK MELLON CORPCOM064058100113,8872,148,000SH DFND1,2,4,112,148,00000
BANK OF NEW YORK MELLON CORPCOM06405810095,1131,793,915SH DFND2,4,111,793,91500
BANK OF NEW YORK MELLON CORPCOM06405810024,230457,000SH DFND4,5457,00000
BANK OF NEW YORK MELLON CORPCOM06405810041,144776,000SH DFND4,6776,00000
BANK OF NEW YORK MELLON CORPCOM064058100326,6246,160,384SH DFND4,8,116,160,38400
BANK OF NEW YORK MELLON CORPCOM064058100388,0537,319,000SH DFND4,5,97,319,00000
BANK OF NEW YORK MELLON CORPCOM0640581001,162,41321,924,040SH DFND4,1121,924,04000
BANK OF NEW YORK MELLON CORPCOM064058100113,4632,140,000SH DFND4,122,140,00000
CHARTER COMMUNICATIONS INC NCL A16119P108617,9361,700,337SH DFND41,700,33700
CHARTER COMMUNICATIONS INC NCL A16119P1082,467,2786,789,054SH DFND4,8,116,789,05400
COCA COLA COCOM19121610036,008800,000SH DFND4800,00000
COCA COLA COCOM1912161003,613,54780,283,200SH DFND4,580,283,20000
COCA COLA COCOM19121610082,0981,824,000SH DFND4,61,824,00000
COCA COLA COCOM191216100648,64814,411,200SH DFND4,8,1114,411,20000
COCA COLA COCOM191216100674,71814,990,400SH DFND4,1014,990,40000
COCA COLA COCOM19121610012,745,896283,179,200SH DFND4,11283,179,20000
COCA COLA COCOM191216100159,8763,552,000SH DFND4,123,552,00000
COCA COLA COCOM19121610043,210960,000SH DFND4,13960,00000
COSTCO WHSL CORP NEWCOM22160K105711,9284,333,363SH DFND4,114,333,36300
DAVITA HEALTHCARE PARTNERS ICOM23918K1081,190,89420,052,088SH DFND420,052,08800
DAVITA HEALTHCARE PARTNERS ICOM23918K1081,099,51618,513,482SH DFND4,8,1118,513,48200
DELTA AIR LINES INC DELCOM NEW247361702337,2086,993,123SH DFND4,8,116,993,12300
DELTA AIR LINES INC DELCOM NEW2473617022,223,77546,117,272SH DFND4,1146,117,27200
GENERAL MTRS COCOM37045V100624,79415,472,853SH DFND415,472,85300
GENERAL MTRS COCOM37045V1001,004,94524,887,209SH DFND4,8,1124,887,20900
GENERAL MTRS COCOM37045V100339,2868,402,338SH DFND4,108,402,33800
GENERAL MTRS COCOM37045V100453,77411,237,600SH DFND4,1111,237,60000
GOLDMAN SACHS GROUP INCCOM38141G1041,037,9364,375,968SH DFND4,8,114,375,96800
GOLDMAN SACHS GROUP INCCOM38141G1041,561,5526,583,551SH DFND4,116,583,55100
GRAHAM HLDGS COCOM38463710428,18148,165SH DFND4,100048,165
GRAHAM HLDGS COCOM38463710434,76159,410SH DFND4,110059,410
INTERNATIONAL BUSINESS MACHSCOM4592001015,371,83337,026,698SH DFND4,1137,026,69800
JOHNSON & JOHNSONCOM47816010442,526327,100SH DFND4327,10000
KRAFT HEINZ COCOM50075410625,252,980325,634,818SH DFND4325,634,81800
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM531229409180,5104,308,117SH DFND44,308,11700
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM531229409326,4767,791,780SH DFND4,8,117,791,78000
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM53122940939,109933,391SH DFND4,10933,39100
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM53122940976,5541,827,072SH DFND4,111,827,07200
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM531229607299,4977,153,027SH DFND47,153,02700
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM531229607810,59919,359,910SH DFND4,8,1119,359,91000
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM53122960721,297508,654SH DFND4,10508,65400
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM531229607170,3864,069,394SH DFND4,114,069,39400
M & T BK CORPCOM55261F10487,928546,000SH DFND4,8,11546,00000
M & T BK CORPCOM55261F10426,539164,795SH DFND4,10164,79500
M & T BK CORPCOM55261F104752,2574,671,245SH DFND4,114,671,24500
MASTERCARD INCCL A57636Q104696,7884,934,756SH DFND4,8,114,934,75600
MONDELEZ INTL INCCL A60920710523,501578,000SH DFND4578,00000
MOSANTO CO NEWCOM61166W101393,6093,285,000SH DFND43,285,00000
MOSANTO CO NEWCOM61166W101669,6105,588,469SH DFND4,115,588,46900
MOODYS CORPCOM6153691051,666,89111,973,928SH DFND4,8,1111,973,92800
MOODYS CORPCOM6153691051,767,38912,695,850SH DFND4,1112,695,85000
PHILLIPS 66COM718546104559,0046,102,000SH DFND46,102,00000
PHILLIPS 66COM71854610471,639782,000SH DFND1,2,4,11782,00000
PHILLIPS 66COM718546104477,5635,213,000SH DFND4,55,213,00000
PHILLIPS 66COM718546104106,5421,163,000SH DFND4,101,163,00000
PHILLIPS 66COM7185461046,061,27466,163,892SH DFND4,1166,163,89200
PHILLIPS 66COM718546104115,9781,266,000SH DFND4,121,266,00000
PROCTER & GAMBLE COCOM74271810928,695315,400SH DFND4315,40000
RESTAURANT BRANDS INTL INCCOM76131D103539,0348,438,225SH DFND4,118,438,22500
SANOFISPONSORED ADR80105N10520,982421,400SH DFND4,8,11421,40000
SANOFISPONSORED ADR80105N10525,380509,742SH DFND4,5,9509,74200
SANOFISPONSORED ADR80105N1058,429169,300SH DFND4,10169,30000
SANOFISPONSORED ADR80105N105139,6832,805,433SH DFND4,112,805,43300
SIRIUS XM HLDGS INCCOM82968B103516,38493,547,788SH DFND493,547,78800
SIRIUS XM HLDGS INCCOM82968B103244,91144,367,941SH DFND4,8,1144,367,94100
SOUTHWEST AIRLS COCOM8447411084888,722SH DFND4,5,98,72200
SOUTHWEST AIRLS COCOM8447411082,667,48847,650,734SH DFND4,1147,650,73400
STORE CAP CORPCOM862121100463,12118,621,674SH DFND4,1118,621,67400
SYNCHRONY FINLCOM87165B103542,22617,463,000SH DFND417,463,00000
SYNCHRONY FINLCOM87165B103103,7073,340,000SH DFND4,8,113,340,00000
TORCHMARK CORPCOM89102710413,975174,489SH DFND2,4,11174,48900
TORCHMARK CORPCOM89102710481,0421,011,888SH DFND4,51,011,88800
TORCHMARK CORPCOM891027104115,2761,439,325SH DFND4,101,439,32500
TORCHMARK CORPCOM891027104298,5783,728,025SH DFND4,113,728,02500
US BANCORP DELCOM NEW90297330431,633590,275SH DFND4590,27500
US BANCORP DELCOM NEW902973304164,5213,070,000SH DFND1,2,4,113,070,00000
US BANCORP DELCOM NEW9029733041,277,11923,831,300SH DFND4,523,831,30000
US BANCORP DELCOM NEW90297330462,9681,175,000SH DFND4,61,175,00000
US BANCORP DELCOM NEW902973304679,48412,679,300SH DFND4,8,1112,679,30000
US BANCORP DELCOM NEW902973304225,3354,204,800SH DFND4,5,94,204,80000
US BANCORP DELCOM NEW9029733042,023,96037,767,492SH DFND4,1137,767,49200
US BANCORP DELCOM NEW90297330493,5151,745,000SH DFND4,141,745,00000
U S G CORPCOM NEW903293405458,24614,035,088SH DFND2,4,1114,035,08800
U S G CORPCOM NEW903293405815,17024,966,928SH DFND4,1124,966,92800
UNITED CONTL HLDGS INCCOM91004710996,8831,591,379SH DFND41,591,37900
UNITED CONTL HLDGS INCCOM910047109345,1185,668,831SH DFND4,8,115,668,83100
UNITED CONTL HLDGS INCCOM9100471091,275,51820,951,353SH DFND4,1120,951,35300
UNITED PARCEL SERVICE INCCL B9113121067,13359,400SH DFND459,40000
VERISIGN INCCOM92343E102536,9785,047,264SH DFND45,047,26400
VERISIGN INCCOM92343E102841,0647,905,481SH DFND4,8,117,905,48100
VERIZON COMMUNICATIONS INCCOM92343V10446928SH DFND492800
VERISK ANALYTICS INCCL A92345Y106130,0621,563,434SH DFND4,8,111,563,43400
VISA INCCOM CL A92826C83934,024323,300SH DFND4323,30000
VISA INCCOM CL A92826C8391,077,56910,239,160SH DFND4,8,1110,239,16000
WAL MART STORES INCCOM93114210373,920946,000SH DFND4,8,11946,00000
WAL MART STORES INCCOM93114210334,969447,513SH DFND4,11447,51300
WELLS FARGO & CO NEWCOM94974610199,2701,800,000SH DFND41,800,00000
WELLS FARGO & CO NEWCOM949746101907,21816,450,000SH DFND1,2,4,1116,450,00000
WELLS FARGO & CO NEWCOM949746101292,4885,303,500SH DFND2,4,115,303,50000
WELLS FARGO & CO NEWCOM949746101375,7296,812,857SH DFND3,4,56,812,85700
WELLS FARGO & CO NEWCOM9497461014,128,18874,853,819SH DFND4,574,853,81900
WELLS FARGO & CO NEWCOM94974610145,223820,000SH DFND4,6820,00000
WELLS FARGO & CO NEWCOM94974610193,7551,700,000SH DFND4,71,700,00000
WELLS FARGO & CO NEWCOM9497461011,999,47436,255,200SH DFND4,8,1136,255,20000
WELLS FARGO & CO NEWCOM949746101566,36410,269,523SH DFND4,5,910,269,52300
WELLS FARGO & CO NEWCOM9497461013,076,06555,776,330SH DFND4,1055,776,33000
WELLS FARGO & CO NEWCOM94974610113,665,802247,793,319SH DFND4,11247,793,31900
WELLS FARGO & CO NEWCOM949746101153,7582,788,000SH DFND4,122,788,00000
WELLS FARGO & CO NEWCOM94974610188,7761,609,720SH DFND4,131,609,72000
WELLS FARGO & CO NEWCOM949746101110,3002,000,000SH DFND4,142,000,00000
AXALTA COATING SYS LTDCOMG0750C10896,1303,324,000SH DFND43,324,00000
AXALTA COATING SYS LTDCOMG0750C108578,40020,000,000SH DFND4,8,1120,000,00000
LIBERTY GLOBAL PLCSHS CL AG5480U104284,1328,379,000SH DFND48,379,00000
LIBERTY GLOBAL PLCSHS CL AG5480U104400,20211,801,897SH DFND4,8,1111,801,89700
LIBERTY GLOBAL PLCSHS CL CG5480U120240,2467,346,968SH DFND4,8,117,346,96800
LIBERTY GLOBAL PLCLILAC SHS CL AG5480U13825,8911,089,669SH DFND41,089,66900
LIBERTY GLOBAL PLCLILAC SHS CL AG5480U13838,6141,625,185SH DFND4,8,111,625,18500
LIBERTY GLOBAL PLCLILAC SHS CL CG5480U15329,9181,284,020SH DFND4,8,111,284,02000