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
ANIXTER INTL INC COM 035290105 10,631 139,875 SH   DFND   139,875 0 0
ANIXTER INTL INC COM 035290105 126,703 1,667,147 SH   DFND 3 1,667,147 0 0
ANIXTER INTL INC COM 035290105 39,997 526,277 SH   DFND 5 526,277 0 0
ARCHROCK INC COM 03957W106 16,958 1,615,000 SH   DFND   1,615,000 0 0
BABCOCK & WILCOX ENTERPRIS I COM 05614L100 2,840 500,000 SH   DFND   500,000 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06746L422 349 12,500 SH   DFND   12,500 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 3,202 100,000 SH   DFND   100,000 0 0
COVANTA HLDG CORP COM 22282E102 34,265 2,027,500 SH   DFND   2,027,500 0 0
COVANTA HLDG CORP COM 22282E102 184,576 10,921,682 SH   DFND 1 10,921,682 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 78,847 2,584,300 SH   DFND   2,584,300 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 4,233 47,554 SH   DFND   47,554 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 71,691 805,333 SH   DFND 5 805,333 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 79,406 892,000 SH   DFND 4 892,000 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 238 3,738 SH   DFND   3,738 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 76,968 1,206,968 SH   DFND 4 1,206,968 0 0
EXTERRAN CORP COM 30227H106 101,031 3,213,442 SH   DFND   3,213,442 0 0
GENIE ENERGY LTD CL B 372284208 841 193,000 SH   DFND   193,000 0 0
ISHARES INC CORE MSCI EMKT 46434G103 306 5,372 SH   DFND   5,372 0 0
KKR & CO L P DEL COM UNITS 48248M102 1,053 50,000 SH   DFND   50,000 0 0
NOVAGOLD RES INC COM NEW 66987E206 1,965 500,000 SH   DFND   500,000 0 0
PAR PACIFIC HOLDINGS INC COM NEW 69888T207 16,921 877,632 SH   DFND   877,632 0 0
PAR PACIFIC HOLDINGS INC COM NEW 69888T207 234,613 12,168,744 SH   DFND 2 12,168,744 0 0
PROSHARES TR ULTSHRT QQQ 74348A426 1,339 100,000 SH   DFND   100,000 0 0
PROSHARES TR ULTRASHRT S&P500 74347B383 1,745 42,500 SH   DFND   42,500 0 0
RYDEX ETF TRUST GUG S&P500EQWTTE 78355W817 398 2,785 SH   DFND   2,785 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 4,327 35,000 SH   DFND   35,000 0 0
TRILOGY METALS INC NEW COM 89621C105 55 49,999 SH   DFND   49,999 0 0
TURQUOISE HILL RES LTD COM 900435108 1,712 500,000 SH   DFND   500,000 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 1,002 7,303 SH   DFND   7,303 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 302 6,730 SH   DFND   6,730 0 0