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 NEW 084670702 6,603 45,755 SH   SOLE   0 0 45,755
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 3,139 58,560 SH   SOLE   0 0 58,560
CONTINENTAL RESOURCES INC COM 212015101 2,881 65,970 SH   SOLE   0 0 65,970
CREDIT SUISSE NASSAU BRH INVRS VIX MDTERM 22542D829 892 21,200 SH   SOLE   0 0 21,200
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 640 20,795 SH   SOLE   0 0 20,795
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 704 23,870 SH   SOLE   0 0 23,870
DISH NETWORK CORP CL A 25470M109 3,125 44,600 SH   SOLE   0 0 44,600
DREAMWORKS ANIMATION SKG INC CL A 26153C103 4,584 189,425 SH   SOLE   0 0 189,425
ECHOSTAR CORP CL A 278768106 3,244 62,725 SH   SOLE   0 0 62,725
GREEN BRICK PARTNERS INC COM 392709101 1,843 222,700 SH   SOLE   0 0 222,700
HOWARD HUGHES CORP COM 44267D107 15,269 98,500 SH   SOLE   0 0 98,500
ICAHN ENTERPRISES LP DEPOSITARY UNIT 451100101 10,291 114,779 SH   SOLE   0 0 114,779
IMPERIAL HLDGS INC COM 452834104 1,944 278,900 SH   SOLE   0 0 278,900
LANDS END INC NEW COM 51509F105 1,384 38,562 SH   SOLE   0 0 38,562
LIBERTY BROADBAND CORP COM SER A 530307107 1,471 26,020 SH   SOLE   0 0 26,020
LIBERTY BROADBAND CORP COM SER C 530307305 2,719 48,049 SH   SOLE   0 0 48,049
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 4,774 163,550 SH   SOLE   0 0 163,550
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 6,647 158,213 SH   SOLE   0 0 158,213
LIBERTY MEDIA CORP DELAWARE CL A 531229102 3,149 81,677 SH   SOLE   0 0 81,677
LIBERTY MEDIA CORP DELAWARE COM SER C 531229300 6,395 167,413 SH   SOLE   0 0 167,413
LIVE NATION ENTERTAINMENT IN COM 538034109 3,149 124,825 SH   SOLE   0 0 124,825
NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 253 18,500 SH   SOLE   0 0 18,500
NUVEEN PERFORMANCE PLUS MUN COM 67062P108 222 14,900 SH   SOLE   0 0 14,900
PAR PETE CORP COM NEW 69888T207 2,730 117,627 SH   SOLE   0 0 117,627
PINGTAN MARINE ENTERPRISE LT SHS G7114V102 100 49,769 SH   SOLE   0 0 49,769
PLATFORM SPECIALTY PRODS COR COM 72766Q105 2,746 107,025 SH   SOLE   0 0 107,025
RESTAURANT BRANDS INTL INC COM 76131D103 3,051 79,442 SH   SOLE   0 0 79,442
SEARS CDA INC COM 81234D109 1,859 201,607 SH   SOLE   0 0 201,607
SEARS HLDGS CORP COM 812350106 6,193 149,673 SH   SOLE   0 0 149,673
SEARS HLDGS CORP *W EXP 12/15/201 812350155 693 27,739 SH   SOLE   0 0 27,739
SEARS HOMETOWN & OUTLET STOR COM 812362101 1,000 129,541 SH   SOLE   0 0 129,541
STARZ COM SER A 85571Q102 2,805 81,519 SH   SOLE   0 0 81,519
TEMPLETON RUS AND EAST EUR F COM 88022F105 1,099 111,750 SH   SOLE   0 0 111,750
TEXAS PAC LD TR SUB CTF PROP I T 882610108 5,803 40,059 SH   SOLE   0 0 40,059
TRI POINTE HOMES INC COM 87265H109 5,163 334,625 SH   SOLE   0 0 334,625
WENDYS CO COM 95058W100 9,534 874,650 SH   SOLE   0 0 874,650