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
AIR PRODS & CHEMS INC COM 009158106 3,704 25,682 SH   SOLE   25,682 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 2,135 39,809 SH   SOLE   39,809 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 3,467 61,900 SH   SOLE   61,900 0 0
AVIS BUDGET GROUP COM 053774105 4,868 73,393 SH   SOLE   73,393 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 3,554 23,667 SH   SOLE   23,667 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 4,111 83,564 SH   SOLE   83,564 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 2,543 13,119 SH   SOLE   13,119 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 3,522 141,225 SH   SOLE   141,225 0 0
HOWARD HUGHES CORP COM 44267D107 6,075 46,581 SH   SOLE   46,581 0 0
JETBLUE AIRWAYS CORP COM 477143101 3,641 229,555 SH   SOLE   229,555 0 0
MICRON TECHNOLOGY INC COM 595112103 4,504 128,640 SH   SOLE   128,640 0 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 4,460 192,065 SH   SOLE   192,065 0 0
READING INTERNATIONAL INC CL A 755408101 4,662 351,606 SH   SOLE   351,606 0 0
SPARK NETWORKS INC COM 84651P100 2,595 722,769 SH   SOLE   722,769 0 0
MAGICJACK VOCALTEC LTD SHS M6787E101 2,600 320,204 SH   SOLE   320,204 0 0
SODASTREAM INTERNATIONAL LTD USD SHS M9068E105 2,863 142,298 SH   SOLE   142,298 0 0