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
hours per response:23.8

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 INCCOM02376R1021,079,20620,742,000SH DFND420,742,00000
AMERICAN AIRLS GROUP INCCOM02376R1021,222,61123,498,200SH DFND4,8,1123,498,20000
AMERICAN AIRLS GROUP INCCOM02376R10291,5621,759,800SH DFND4,111,759,80000
AMERICAN EXPRESS COCOM025816109193,8671,952,142SH DFND41,952,14200
AMERICAN EXPRESS COCOM0258161091,710,65417,225,400SH DFND4,517,225,40000
AMERICAN EXPRESS COCOM02581610983,404839,832SH DFND4,7839,83200
AMERICAN EXPRESS COCOM025816109204,2912,057,100SH DFND4,8,112,057,10000
AMERICAN EXPRESS COCOM025816109793,9477,994,634SH DFND4,107,994,63400
AMERICAN EXPRESS COCOM02581610911,931,290120,141,879SH DFND4,11120,141,87900
AMERICAN EXPRESS COCOM025816109139,0051,399,713SH DFND4,131,399,71300
APPLE INCCOM037833100600,3863,547,753SH DFND43,547,75300
APPLE INCCOM037833100162,461960,000SH DFND1,2,4,11960,00000
APPLE INCCOM0378331002,360,92813,951,000SH DFND4,513,951,00000
APPLE INCCOM037833100115,246681,000SH DFND4,6681,00000
APPLE INCCOM0378331002,603,73015,385,747SH DFND4,8,1115,385,74700
APPLE INCCOM037833100514,1213,038,000SH DFND4,5,93,038,00000
APPLE INCCOM0378331002,023,65211,958,000SH DFND4,1011,958,00000
APPLE INCCOM03783310019,324,452114,190,462SH DFND4,11114,190,46200
APPLE INCCOM037833100114,738678,000SH DFND4,12678,00000
APPLE INCCOM037833100159,753944,000SH DFND4,14944,00000
BANK AMER CORPCOM060505104181,8436,160,000SH DFND46,160,00000
BANK AMER CORPCOM060505104351,28811,900,000SH DFND1,2,4,1111,900,00000
BANK AMER CORPCOM0605051044,132,800140,000,000SH DFND3,4,5140,000,00000
BANK AMER CORPCOM060505104165,3125,600,000SH DFND4,55,600,00000
BANK AMER CORPCOM06050510461,9922,100,000SH DFND4,62,100,00000
BANK AMER CORPCOM0605051049,203,746311,780,000SH DFND4,8,11311,780,00000
BANK AMER CORPCOM06050510416,531560,000SH DFND4,5,9560,00000
BANK AMER CORPCOM0605051044,814,712163,100,000SH DFND4,11163,100,00000
BANK AMER CORPCOM060505104826,56028,000,000SH DFND4,1228,000,00000
BANK AMER CORPCOM060505104289,2969,800,000SH DFND4,149,800,00000
BANK OF NEW YORK MELLON CORPCOM064058100404,5567,511,249SH DFND47,511,24900
BANK OF NEW YORK MELLON CORPCOM064058100115,6912,148,000SH DFND1,2,4,112,148,00000
BANK OF NEW YORK MELLON CORPCOM06405810096,6201,793,915SH DFND2,4,111,793,91500
BANK OF NEW YORK MELLON CORPCOM06405810024,614457,000SH DFND4,5457,00000
BANK OF NEW YORK MELLON CORPCOM06405810041,795776,000SH DFND4,6776,00000
BANK OF NEW YORK MELLON CORPCOM064058100331,7986,160,384SH DFND4,8,116,160,38400
BANK OF NEW YORK MELLON CORPCOM064058100394,2017,319,000SH DFND4,5,97,319,00000
BANK OF NEW YORK MELLON CORPCOM064058100207,6013,854,463SH DFND4,103,854,46300
BANK OF NEW YORK MELLON CORPCOM0640581001,543,56128,658,772SH DFND4,1128,658,77200
BANK OF NEW YORK MELLON CORPCOM064058100115,2602,140,000SH DFND4,122,140,00000
CHARTER COMMUNICATIONS INC NCL A16119P108571,2451,700,337SH DFND41,700,33700
CHARTER COMMUNICATIONS INC NCL A16119P1082,280,8516,789,054SH DFND4,8,116,789,05400
COCA COLA COCOM19121610036,704800,000SH DFND4800,00000
COCA COLA COCOM1912161003,683,39380,283,200SH DFND4,580,283,20000
COCA COLA COCOM19121610083,6851,824,000SH DFND4,61,824,00000
COCA COLA COCOM191216100661,18614,411,200SH DFND4,8,1114,411,20000
COCA COLA COCOM191216100687,76014,990,400SH DFND4,1014,990,40000
COCA COLA COCOM19121610012,992,262283,179,200SH DFND4,11283,179,20000
COCA COLA COCOM191216100162,9663,552,000SH DFND4,123,552,00000
COCA COLA COCOM19121610044,045960,000SH DFND4,13960,00000
COSTCO WHSL CORP NEWCOM22160K105806,5264,333,363SH DFND4,114,333,36300
DAVITA HEALTHCARE PARTNERS ICOM23918K1081,448,76320,052,088SH DFND420,052,08800
DAVITA HEALTHCARE PARTNERS ICOM23918K1081,337,59918,513,482SH DFND4,8,1118,513,48200
DELTA AIR LINES INC DELCOM NEW247361702391,6156,993,123SH DFND4,8,116,993,12300
DELTA AIR LINES INC DELCOM NEW2473617022,582,56746,117,272SH DFND4,1146,117,27200
GENERAL MTRS COCOM37045V100224,3325,472,853SH DFND45,472,85300
GENERAL MTRS COCOM37045V1001,020,12724,887,209SH DFND4,8,1124,887,20900
GENERAL MTRS COCOM37045V100344,4128,402,338SH DFND4,108,402,33800
GENERAL MTRS COCOM37045V100460,62911,237,600SH DFND4,1111,237,60000
GOLDMAN SACHS GROUP INCCOM38141G1041,114,8224,375,968SH DFND4,8,114,375,96800
GOLDMAN SACHS GROUP INCCOM38141G1041,677,2256,583,551SH DFND4,116,583,55100
GRAHAM HLDGS COCOM38463710426,89348,165SH DFND4,100048,165
GRAHAM HLDGS COCOM38463710433,17259,410SH DFND4,110059,410
INTERNATIONAL BUSINESS MACHSCOM459200101314,2112,048,045SH DFND4,112,048,04500
JOHNSON & JOHNSONCOM47816010445,702327,100SH DFND4327,10000
KRAFT HEINZ COCOM50075410625,321,363325,634,818SH DFND4325,634,81800
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM531229409170,8604,308,117SH DFND44,308,11700
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM531229409309,0227,791,780SH DFND4,8,117,791,78000
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM53122940937,018933,391SH DFND4,10933,39100
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM53122940972,4621,827,072SH DFND4,111,827,07200
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM531229607283,6897,153,027SH DFND47,153,02700
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM531229607767,81419,359,910SH DFND4,8,1119,359,91000
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM53122960720,173508,654SH DFND4,10508,65400
LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM531229607161,3924,069,394SH DFND4,114,069,39400
M & T BK CORPCOM55261F10493,361546,000SH DFND4,8,11546,00000
M & T BK CORPCOM55261F10428,178164,795SH DFND4,10164,79500
M & T BK CORPCOM55261F104798,7364,671,245SH DFND4,114,671,24500
MASTERCARD INCCL A57636Q104746,9254,934,756SH DFND4,8,114,934,75600
MONDELEZ INTL INCCL A60920710524,738578,000SH DFND4578,00000
MOSANTO CO NEWCOM61166W101432,8473,706,513SH DFND43,706,51300
MOSANTO CO NEWCOM61166W101934,5018,002,234SH DFND4,118,002,23400
MOODYS CORPCOM6153691051,767,47211,973,928SH DFND4,8,1111,973,92800
MOODYS CORPCOM6153691051,874,03412,695,850SH DFND4,1112,695,85000
PHILLIPS 66COM718546104617,2176,102,000SH DFND46,102,00000
PHILLIPS 66COM71854610479,099782,000SH DFND1,2,4,11782,00000
PHILLIPS 66COM718546104527,2955,213,000SH DFND4,55,213,00000
PHILLIPS 66COM718546104117,6371,163,000SH DFND4,101,163,00000
PHILLIPS 66COM7185461046,692,47866,163,892SH DFND4,1166,163,89200
PHILLIPS 66COM718546104128,0561,266,000SH DFND4,121,266,00000
PROCTER & GAMBLE COCOM74271810928,979315,400SH DFND4315,40000
RESTAURANT BRANDS INTL INCCOM76131D103518,7828,438,225SH DFND4,118,438,22500
SANOFISPONSORED ADR80105N10516,944394,049SH DFND4,8,11394,04900
SANOFISPONSORED ADR80105N10521,919509,742SH DFND4,5,9509,74200
SANOFISPONSORED ADR80105N1057,280169,300SH DFND4,10169,30000
SANOFISPONSORED ADR80105N105120,6342,805,433SH DFND4,112,805,43300
SIRIUS XM HLDGS INCCOM82968B103501,41693,547,788SH DFND493,547,78800
SIRIUS XM HLDGS INCCOM82968B103237,81244,367,941SH DFND4,8,1144,367,94100
SOUTHWEST AIRLS COCOM8447411085718,722SH DFND4,5,98,72200
SOUTHWEST AIRLS COCOM8447411083,118,74147,650,734SH DFND4,1147,650,73400
STORE CAP CORPCOM862121100484,90818,621,674SH DFND4,1118,621,67400
SYNCHRONY FINLCOM87165B103674,24617,463,000SH DFND417,463,00000
SYNCHRONY FINLCOM87165B103128,9573,340,000SH DFND4,8,113,340,00000
TEVA PHARMACEUTICAL INDS LTDSPONSORED ADR881624209349,43818,440,000SH DFND418,440,00000
TEVA PHARMACEUTICAL INDS LTDSPONSORED ADR8816242098,257435,721SH DFND4,11435,72100
TORCHMARK CORPCOM89102710415,828174,489SH DFND2,4,11174,48900
TORCHMARK CORPCOM89102710491,7881,011,888SH DFND4,51,011,88800
TORCHMARK CORPCOM891027104130,5611,439,325SH DFND4,101,439,32500
TORCHMARK CORPCOM891027104338,1693,728,025SH DFND4,113,728,02500
US BANCORP DELCOM NEW90297330431,627590,275SH DFND4590,27500
US BANCORP DELCOM NEW902973304164,4913,070,000SH DFND1,2,4,113,070,00000
US BANCORP DELCOM NEW9029733041,276,88123,831,300SH DFND4,523,831,30000
US BANCORP DELCOM NEW90297330462,9571,175,000SH DFND4,61,175,00000
US BANCORP DELCOM NEW902973304679,35712,679,300SH DFND4,8,1112,679,30000
US BANCORP DELCOM NEW902973304225,2934,204,800SH DFND4,5,94,204,80000
US BANCORP DELCOM NEW9029733042,130,51239,763,202SH DFND4,1139,763,20200
US BANCORP DELCOM NEW90297330493,4971,745,000SH DFND4,141,745,00000
U S G CORPCOM NEW903293405541,19314,035,088SH DFND2,4,1114,035,08800
U S G CORPCOM NEW903293405962,72524,966,928SH DFND4,1124,966,92800
UNITED CONTL HLDGS INCCOM910047109107,2591,591,379SH DFND41,591,37900
UNITED CONTL HLDGS INCCOM910047109382,0795,668,831SH DFND4,8,115,668,83100
UNITED CONTL HLDGS INCCOM9100471091,412,12120,951,353SH DFND4,1120,951,35300
UNITED PARCEL SERVICE INCCL B9113121067,07859,400SH DFND459,40000
VERISIGN INCCOM92343E102577,6095,047,264SH DFND45,047,26400
VERISIGN INCCOM92343E102904,7037,905,481SH DFND4,8,117,905,48100
VERIZON COMMUNICATIONS INCCOM92343V10449928SH DFND492800
VERISK ANALYTICS INCCL A92345Y106150,0901,563,434SH DFND4,8,111,563,43400
VISA INCCOM CL A92826C83936,863323,300SH DFND4323,30000
VISA INCCOM CL A92826C8391,167,46910,239,160SH DFND4,8,1110,239,16000
WAL MART STORES INCCOM93114210393,418946,000SH DFND4,8,11946,00000
WAL MART STORES INCCOM93114210344,192447,513SH DFND4,11447,51300
WELLS FARGO & CO NEWCOM949746101109,2061,800,000SH DFND41,800,00000
WELLS FARGO & CO NEWCOM949746101998,02216,450,000SH DFND1,2,4,1116,450,00000
WELLS FARGO & CO NEWCOM949746101321,7635,303,500SH DFND2,4,115,303,50000
WELLS FARGO & CO NEWCOM949746101413,3366,812,857SH DFND3,4,56,812,85700
WELLS FARGO & CO NEWCOM9497461014,541,38174,853,819SH DFND4,574,853,81900
WELLS FARGO & CO NEWCOM94974610149,749820,000SH DFND4,6820,00000
WELLS FARGO & CO NEWCOM949746101103,1391,700,000SH DFND4,71,700,00000
WELLS FARGO & CO NEWCOM9497461012,199,60336,255,200SH DFND4,8,1136,255,20000
WELLS FARGO & CO NEWCOM949746101623,05210,269,523SH DFND4,5,910,269,52300
WELLS FARGO & CO NEWCOM9497461013,383,95055,776,330SH DFND4,1055,776,33000
WELLS FARGO & CO NEWCOM94974610114,669,601241,793,319SH DFND4,11241,793,31900
WELLS FARGO & CO NEWCOM949746101169,1482,788,000SH DFND4,122,788,00000
WELLS FARGO & CO NEWCOM94974610197,6621,609,720SH DFND4,131,609,72000
WELLS FARGO & CO NEWCOM949746101121,3402,000,000SH DFND4,142,000,00000
AXALTA COATING SYS LTDCOMG0750C108107,5653,324,000SH DFND43,324,00000
AXALTA COATING SYS LTDCOMG0750C108647,20020,000,000SH DFND4,8,1120,000,00000
LIBERTY GLOBAL PLCSHS CL AG5480U104300,3038,379,000SH DFND48,379,00000
LIBERTY GLOBAL PLCSHS CL AG5480U104422,98011,801,897SH DFND4,8,1111,801,89700
LIBERTY GLOBAL PLCSHS CL CG5480U120248,6217,346,968SH DFND4,8,117,346,96800
LIBERTY GLOBAL PLCLILAC SHS CL AG5480U13821,9571,089,669SH DFND41,089,66900
LIBERTY GLOBAL PLCLILAC SHS CL AG5480U13832,7471,625,185SH DFND4,8,111,625,18500
LIBERTY GLOBAL PLCLILAC SHS CL CG5480U15325,5391,284,020SH DFND4,8,111,284,02000