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
BARCLAYS PLC ADR 06738E204 4,397 577,794 SH   SOLE   577,794 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 21,483 100,778 SH   DFND 1 100,778 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 98,681 462,924 SH   SOLE   462,924 0 0
CENTURYLINK INC COM 156700106 18,392 1,563,927 SH   DFND 1 1,563,927 0 0
CENTURYLINK INC COM 156700106 98,663 8,389,723 SH   SOLE   8,389,723 0 0
CITIGROUP INC COM NEW 172967424 14,296 204,143 SH   DFND 1 204,143 0 0
CITIGROUP INC COM NEW 172967424 75,434 1,077,174 SH   SOLE   1,077,174 0 0
COMSTOCK RES INC COM 205768302 3,080 553,035 SH   SOLE   553,035 0 0
DELL TECHNOLOGIES INC CL C 24703L202 488 9,602 SH   SOLE   9,602 0 0
EMBRAER S A SPONSORED ADS 29082A107 4,174 207,370 SH   SOLE   207,370 0 0
GENERAL MTRS CO COM 37045v100 17,326 449,672 SH   DFND 1 449,672 0 0
GENERAL MTRS CO COM 37045v100 94,085 2,441,866 SH   SOLE   2,441,866 0 0
GOLDMAN SACHS ETF TR ACCES TREASURY 381430529 444,899 4,433,034 SH   SOLE   4,433,034 0 0
GOLDMAN SACHS ETF TR ACCES TREASURY 381430529 95,773 954,294 SH   DFND 1 954,294 0 0
HOWARD HUGHES CORP COM 44267D107 7,045 56,890 SH   SOLE   56,890 0 0
INTEL CORP COM 458140100 255 5,325 SH   DFND 1 5,325 0 0
JEFFERIES FINL GROUP INC COM 47233W109 78 4,043 SH   DFND 1 4,043 0 0
JEFFERIES FINL GROUP INC COM 47233W109 4,033 209,708 SH   SOLE   209,708 0 0
JOHNSON & JOHNSON COM 478160104 18,787 134,885 SH   DFND 1 134,885 0 0
JOHNSON & JOHNSON COM 478160104 90,341 648,626 SH   SOLE   648,626 0 0
JOHNSON CTLS INTL PLC SHS G51502105 9 217 SH   DFND 1 217 0 0
JOHNSON CTLS INTL PLC SHS G51502105 3,443 83,352 SH   SOLE   83,352 0 0
JPMORGAN CHASE & CO COM 46625H100 82,270 735,867 SH   SOLE   735,867 0 0
JPMORGAN CHASE & CO COM 46625H100 16,183 144,751 SH   DFND 1 144,751 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 25,142 947,682 SH   DFND 1 947,682 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 138,945 5,237,295 SH   SOLE   5,237,295 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 466 27,084 SH   DFND 1 27,084 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 5,464 317,885 SH   SOLE   317,885 0 0
MAGNA INTL INC COM 559222401 11,655 234,500 SH   DFND 1 234,500 0 0
MAGNA INTL INC COM 559222401 63,414 1,275,942 SH   SOLE   1,275,942 0 0
MBIA INC COM 55262C100 155 16,600 SH   SOLE   16,600 0 0
MERCK & CO INC COM 58933Y105 211 2,513 SH   DFND 1 2,513 0 0
MICROSOFT CORP COM 594918104 18,932 141,326 SH   DFND 1 141,326 0 0
MICROSOFT CORP COM 594918104 94,405 704,729 SH   SOLE   704,729 0 0
RESOLUTE FST PRODS INC COM 76117W109 6,148 853,860 SH   DFND 1 853,860 0 0
RESOLUTE FST PRODS INC COM 76117W109 33,642 4,672,434 SH   SOLE   4,672,434 0 0
SCHWAB STRATEGIC TR US AGGREGATE B 808524839 942 17,781 SH   DFND 1 17,781 0 0
SPX CORP COM 784635104 10,507 318,209 SH   DFND 1 318,209 0 0
SPX CORP COM 784635104 40,524 1,227,245 SH   SOLE   1,227,245 0 0
SPX FLOW INC COM 78469X107 13,659 326,311 SH   DFND 1 326,311 0 0
SPX FLOW INC COM 78469X107 75,129 1,794,761 SH   SOLE   1,794,761 0 0
TENNECO INC CL A VTG COM STK 880349105 14 1,229 SH   DFND 1 1,229 0 0
TENNECO INC CL A VTG COM STK 880349105 793 71,535 SH   SOLE   71,535 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 3,958 49,149 SH   DFND 1 49,149 0 0
VANGUARD MUN BD FD INC TAX EXEMPT BD 922907746 456 8,584 SH   DFND 1 8,584 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 114,397 7,005,311 SH   SOLE   7,005,311 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 20,376 1,247,785 SH   DFND 1 1,247,785 0 0