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
BROOKFIELD ASSET MGMT INC CL A 112585104 2,682 81,102 SH   SOLE   0 0 81,102
BERKSHIRE HATHAWAY INC DEL CL B 084670702 5,850 40,404 SH   SOLE   0 0 40,404
CONTINENTAL RESOURCES INC COM 212015101 1,727 38,138 SH   SOLE   0 0 38,138
DISNEY WALT CO COM 254687106 235 2,400 SH   SOLE   0 0 2,400
DISH NETWORK CORP CL A 25470M109 2,175 41,500 SH   SOLE   0 0 41,500
DREAMWORKS ANIMATION SKG INC CL A 26153C103 6,530 159,783 SH   SOLE   0 0 159,783
EMERGENT CAP INC COM 29102N105 1,067 317,498 SH   SOLE   0 0 317,498
GREEN BRICK PARTNERS INC COM 392709101 1,423 195,750 SH   SOLE   0 0 195,750
HOWARD HUGHES CORP COM 44267D107 10,151 88,793 SH   SOLE   0 0 88,793
ICAHN ENTERPRISES LP DPU 451100101 7,147 132,348 SH   SOLE   0 0 132,348
JOHNSON & JOHNSON COM 478160104 291 2,400 SH   SOLE   0 0 2,400
LIBERTY BROADBAND CORP COM A 530307107 1,018 17,133 SH   SOLE   0 0 17,133
LIBERTY BROADBAND CORP COM C 530307305 2,840 47,335 SH   SOLE   0 0 47,335
LIBERTY MEDIA CORP DELAWARE COM A MEDIA 531229870 339 17,693 SH   SOLE   0 0 17,693
LIBERTY MEDIA CORP DELAWARE COM C MEDIA 531229854 691 36,446 SH   SOLE   0 0 36,446
LIBERTY MEDIA CORP DELAWARE COM A SIRIUS 531229409 2,223 70,901 SH   SOLE   0 0 70,901
LIBERTY MEDIA CORP DELAWARE COM B SIRIUS 531229607 4,519 146,377 SH   SOLE   0 0 146,377
LIBERTY INTERACTIVE CORP COM A 53071M880 5,075 136,916 SH   SOLE   0 0 136,916
NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 253 16,800 SH   SOLE   0 0 16,800
NUVEEN PERFORMANCE PLUS MUN COM 67062P108 246 14,900 SH   SOLE   0 0 14,900
NAVIGATOR HOLDINGS LTD SHS Y62132108 971 84,400 SH   SOLE   0 0 84,400
PLATFORM SPECIALTY PRODS COR COM 72766Q105 2,236 251,850 SH   SOLE   0 0 251,850
PERSHING GOLD CORP COM 715302204 1,008 234,973 SH   SOLE   0 0 234,973
PINGTAN MARINE ENTERPRISE LT SHS G7114V102 53 49,769 SH   SOLE   0 0 49,769
ECHOSTAR CORP CL A 278768106 1,922 48,425 SH   SOLE   0 0 48,425
SEARS HLDGS CORP COM 812350106 1,623 119,217 SH   SOLE   0 0 119,217
SEARS HLDGS CORP WARR 812350155 95 23,667 SH   SOLE   0 0 23,667
SILVER WHEATON CORP COM 828336107 5,790 246,050 SH   SOLE   0 0 246,050
SEARS CDA INC COM 81234D109 500 168,511 SH   SOLE   0 0 168,511
STARZ COM A 85571Q102 2,102 70,243 SH   SOLE   0 0 70,243
TEXAS PAC LD TR SUB CTF 882610108 7,058 41,850 SH   SOLE   0 0 41,850