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
BERKSHIRE HATHAWAY INC DEL CL B 084670702 6,300 45,605 SH   SOLE   0 0 45,605
BROOKFIELD ASSET MGMT INC CL A 112585104 2,760 61,377 SH   SOLE   0 0 61,377
BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 2,631 139,275 SH   SOLE   0 0 139,275
BURGER KING WORLDWIDE INC COM 121220107 2,408 81,175 SH   SOLE   0 0 81,175
CONTINENTAL RESOURCES INC COM 212015101 4,362 65,620 SH   SOLE   0 0 65,620
CREDIT SUISSE NASSAU BRH INVRS VIX 22542D829 952 21,650 SH   SOLE   0 0 21,650
DISCOVERY COMMUNICATNS NEW COM 25470F104 877 23,195 SH   SOLE   0 0 23,195
DISCOVERY COMMUNICATNS NEW COM 25470F302 865 23,195 SH   SOLE   0 0 23,195
DISH NETWORK CORP CL A 25470M109 2,856 44,225 SH   SOLE   0 0 44,225
DREAMWORKS ANIMATION SKG INC CL A 26153C103 5,246 192,375 SH   SOLE   0 0 192,375
HOWARD HUGHES CORP COM 44267D107 14,707 98,044 SH   SOLE   0 0 98,044
IAC INTERACTIVECORP COM 44919P508 1,921 29,150 SH   SOLE   0 0 29,150
ICAHN ENTERPRISES LP DEP U 451100101 12,019 113,563 SH   SOLE   0 0 113,563
IMPERIAL HLDGS INC COM 452834104 2,204 338,800 SH   SOLE   0 0 338,800
LANDS END INC NEW COM 51509F105 1,568 38,134 SH   SOLE   0 0 38,134
LIBERTY INTERACTIVE CORP COM 53071M104 4,693 164,550 SH   SOLE   0 0 164,550
LIBERTY INTERACTIVE CORP COM 53071M880 5,144 135,516 SH   SOLE   0 0 135,516
LIBERTY MEDIA CORP DELAWARE CL A 531229102 3,930 83,294 SH   SOLE   0 0 83,294
LIBERTY MEDIA CORP DELAWARE COM 531229300 7,972 169,662 SH   SOLE   0 0 169,662
LIBERTY TRIPADVISOR HLDGS IN COM 531465102 4,594 135,516 SH   SOLE   0 0 135,516
LIVE NATION ENTERTAINMENT IN COM 538034109 3,034 126,300 SH   SOLE   0 0 126,300
MCEWEN MNG INC COM 58039P107 390 199,157 SH   SOLE   0 0 199,157
NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 292 22,000 SH   SOLE   0 0 22,000
NUVEEN PERFORMANCE PLUS MUN COM 67062P108 330 22,725 SH   SOLE   0 0 22,725
OAKTREE CAP GROUP LLC CL A 674001201 1,152 22,550 SH   SOLE   0 0 22,550
PAR PETE CORP COM 69888T207 2,204 130,800 SH   SOLE   0 0 130,800
PIMCO DYNAMIC INCOME FD SHS 72201Y101 3,628 114,950 SH   SOLE   0 0 114,950
PINGTAN MARINE ENTERPRISE LT SHS G7114V102 112 49,769 SH   SOLE   0 0 49,769
PLATFORM SPECIALTY PRODS COR COM 72766Q105 2,680 107,100 SH   SOLE   0 0 107,100
SEARS HLDGS CORP COM 812350106 3,588 142,223 SH   SOLE   0 0 142,223
SEARS HOMETOWN & OUTLET STOR COM 812362101 2,422 156,253 SH   SOLE   0 0 156,253
STARZ COM 85571Q102 2,726 82,406 SH   SOLE   0 0 82,406
TEMPLETON RUS AND EAST EUR F COM 88022F105 1,642 130,300 SH   SOLE   0 0 130,300
TEXAS PAC LD TR SUB CTF 882610108 7,593 39,454 SH   SOLE   0 0 39,454
TRI POINTE HOMES INC COM 87265H109 4,323 334,100 SH   SOLE   0 0 334,100
WENDYS CO COM 95058W100 7,208 872,600 SH   SOLE   0 0 872,600