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
ASCENT CAP GROUP INC COM 043632108 844 12,785 SH   SOLE   0 0 12,785
BERKSHIRE HATHAWAY INC DEL CL B 084670702 6,205 49,030 SH   SOLE   0 0 49,030
BROOKFIELD ASSET MGMT INC CL A 112585104 3,113 70,711 SH   SOLE   0 0 70,711
BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 2,928 141,125 SH   SOLE   0 0 141,125
BURGER KING WORLDWIDE INC COM 121220107 2,244 82,425 SH   SOLE   0 0 82,425
CONTINENTAL RESOURCES INC COM 212015101 5,264 33,310 SH   SOLE   0 0 33,310
CREDIT SUISSE NASSAU BRH SHS 22542D829 1,159 24,925 SH   SOLE   0 0 24,925
DISCOVERY COMMUNICATNS NEW COM 25470F104 1,749 23,545 SH   SOLE   0 0 23,545
DISH NETWORK CORP CL A 25470M109 2,930 45,025 SH   SOLE   0 0 45,025
DREAMWORKS ANIMATION SKG INC CL A 26153C103 4,542 195,275 SH   SOLE   0 0 195,275
HOWARD HUGHES CORP COM 44267D107 15,731 99,669 SH   SOLE   0 0 99,669
IAC INTERACTIVECORP COM 44919P508 2,051 29,625 SH   SOLE   0 0 29,625
ICAHN ENTERPRISES LP DEP U 451100101 11,250 112,847 SH   SOLE   0 0 112,847
IMPERIAL HLDGS INC COM 452834104 2,035 298,300 SH   SOLE   0 0 298,300
LANDS END INC NEW COM 51509F105 1,324 39,415 SH   SOLE   0 0 39,415
LIBERTY INTERACTIVE CORP COM 53071M104 4,902 166,950 SH   SOLE   0 0 166,950
LIBERTY INTERACTIVE CORP COM A 53071M880 10,265 139,090 SH   SOLE   0 0 139,090
LIBERTY MEDIA CORP DELAWARE CL A 531229102 11,759 86,033 SH   SOLE   0 0 86,033
LIVE NATION ENTERTAINMENT IN COM 538034109 3,339 135,225 SH   SOLE   0 0 135,225
MCEWEN MNG INC COM 58039P107 608 210,987 SH   SOLE   0 0 210,987
NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 271 20,300 SH   SOLE   0 0 20,300
NUVEEN PERFORMANCE PLUS MUN COM 67062P108 315 21,500 SH   SOLE   0 0 21,500
OAKTREE CAP GROUP LLC UNIT 674001201 3,460 69,200 SH   SOLE   0 0 69,200
PEPSICO INC COM 713448108 304 3,400 SH   SOLE   0 0 3,400
PIMCO DYNAMIC INCOME FD SHS 72201Y101 4,312 126,475 SH   SOLE   0 0 126,475
PINGTAN MARINE ENTERPRISE LT SHS G7114V102 127 49,769 SH   SOLE   0 0 49,769
PLATFORM SPECIALTY PRODS COR COM 72766Q105 2,993 106,775 SH   SOLE   0 0 106,775
ROUSE PPTYS INC COM 779287101 907 52,985 SH   SOLE   0 0 52,985
SEARS HLDGS CORP COM 812350106 5,712 142,938 SH   SOLE   0 0 142,938
SEARS HOMETOWN & OUTLET STOR COM 812362101 3,390 157,903 SH   SOLE   0 0 157,903
STARZ COM 85571Q102 2,494 83,719 SH   SOLE   0 0 83,719
TEMPLETON RUS AND EAST EUR F COM 88022F105 2,014 132,000 SH   SOLE   0 0 132,000
TEXAS PAC LD TR CTF 882610108 6,417 40,079 SH   SOLE   0 0 40,079
TRI POINTE HOMES INC COM 87265H109 1,728 109,925 SH   SOLE   0 0 109,925
WENDYS CO COM 95058W100 7,554 885,525 SH   SOLE   0 0 885,525