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 4,497 29,728 SH   SOLE   29,728 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 2,239 42,428 SH   SOLE   42,428 0 0
AVIS BUDGET GROUP COM 053774105 4,247 71,971 SH   SOLE   71,971 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 3,361 23,288 SH   SOLE   23,288 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 3,684 81,950 SH   SOLE   81,950 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 2,574 13,692 SH   SOLE   13,692 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 3,003 138,493 SH   SOLE   138,493 0 0
HOWARD HUGHES CORP COM 44267D107 7,817 50,425 SH   SOLE   50,425 0 0
JETBLUE AIRWAYS CORP COM 477143101 4,333 225,110 SH   SOLE   225,110 0 0
MICRON TECHNOLOGY INC COM 595112103 3,720 137,130 SH   SOLE   137,130 0 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 6,957 271,140 SH   SOLE   271,140 0 0
READING INTERNATIONAL INC CL A 755408101 4,991 371,106 SH   SOLE   371,106 0 0
SPARK NETWORKS INC COM 84651P100 3,077 761,709 SH   SOLE   761,709 0 0
MAGICJACK VOCALTEC LTD SHS M6787E101 2,312 338,014 SH   SOLE   338,014 0 0
SODASTREAM INTERNATIONAL LTD USD SHS M9068E105 3,074 151,705 SH   SOLE   151,705 0 0