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 5,825 611,840 SH   SOLE   611,840 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 24,497 108,154 SH   DFND 1 108,154 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 107,229 473,419 SH   SOLE   473,419 0 0
CENTURYLINK INC COM 156700106 20,919 1,583,587 SH   DFND 1 1,583,587 0 0
CENTURYLINK INC COM 156700106 101,955 7,718,001 SH   SOLE   7,718,001 0 0
CITIGROUP INC COM NEW 172967424 16,263 203,565 SH   DFND 1 203,565 0 0
CITIGROUP INC COM NEW 172967424 81,124 1,015,447 SH   SOLE   1,015,447 0 0
COMSTOCK RES INC COM 205768302 3,336 405,371 SH   SOLE   405,371 0 0
DELL TECHNOLOGIES INC CL C 24703L202 41 805 SH   DFND 1 805 0 0
DELL TECHNOLOGIES INC CL C 24703L202 2,431 47,314 SH   SOLE   47,314 0 0
EMBRAER S A SPONSORED ADS 29082A107 4,575 234,719 SH   SOLE   234,719 0 0
GENERAL MTRS CO COM 37045v100 16,677 455,651 SH   DFND 1 455,651 0 0
GENERAL MTRS CO COM 37045v100 86,134 2,353,389 SH   SOLE   2,353,389 0 0
GOLDMAN SACHS ETF TR ACCES TREASURY 381430529 124,891 1,247,162 SH   DFND 1 1,247,162 0 0
GOLDMAN SACHS ETF TR ACCES TREASURY 381430529 562,378 5,615,921 SH   SOLE   5,615,921 0 0
HOWARD HUGHES CORP COM 44267D107 6,032 47,568 SH   SOLE   47,568 0 0
INTEL CORP COM 458140100 319 5,336 SH   DFND 1 5,336 0 0
JEFFERIES FINL GROUP INC COM 47233W109 94 4,387 SH   DFND 1 4,387 0 0
JEFFERIES FINL GROUP INC COM 47233W109 4,628 216,556 SH   SOLE   216,556 0 0
JOHNSON & JOHNSON COM 478160104 20,406 139,895 SH   DFND 1 139,895 0 0
JOHNSON & JOHNSON COM 478160104 93,149 638,576 SH   SOLE   638,576 0 0
JOHNSON CTLS INTL PLC SHS G51502105 3,046 74,826 SH   SOLE   74,826 0 0
JOHNSON CTLS INTL PLC SHS G51502105 9 217 SH   DFND 1 217 0 0
JPMORGAN CHASE & CO COM 46625H100 18,345 131,598 SH   DFND 1 131,598 0 0
JPMORGAN CHASE & CO COM 46625H100 82,114 589,050 SH   SOLE   589,050 0 0
LENNAR CORP CL B 526057302 53 1,180 SH   DFND 1 1,180 0 0
LENNAR CORP CL B 526057302 1,601 35,809 SH   SOLE   35,809 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 15,547 713,340 SH   DFND 1 713,340 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 101,266 4,646,294 SH   SOLE   4,646,294 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 527 27,084 SH   DFND 1 27,084 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 5,893 302,818 SH   SOLE   302,818 0 0
MAGNA INTL INC COM 559222401 12,804 233,477 SH   DFND 1 233,477 0 0
MAGNA INTL INC COM 559222401 64,276 1,172,065 SH   SOLE   1,172,065 0 0
MBIA INC COM 55262C100 182 19,575 SH   SOLE   19,575 0 0
MERCK & CO INC COM 58933Y105 230 2,528 SH   DFND 1 2,528 0 0
MICROSOFT CORP COM 594918104 16,543 104,901 SH   DFND 1 104,901 0 0
MICROSOFT CORP COM 594918104 77,783 493,234 SH   SOLE   493,234 0 0
RESOLUTE FST PRODS INC COM 76117W109 1,640 390,584 SH   DFND 1 390,584 0 0
RESOLUTE FST PRODS INC COM 76117W109 16,430 3,911,850 SH   SOLE   3,911,850 0 0
SCHWAB STRATEGIC TR US AGGREGATE B 808524839 1,276 23,887 SH   DFND 1 23,887 0 0
SPX FLOW INC COM 78469X107 10,477 214,392 SH   DFND 1 214,392 0 0
SPX FLOW INC COM 78469X107 54,839 1,122,149 SH   SOLE   1,122,149 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 4,600 57,065 SH   DFND 1 57,065 0 0
VANGUARD INDEX FDS VALUE ETF 922908744 262 2,188 SH   DFND 1 2,188 0 0
VANGUARD MUN BD FD INC TAX EXEMPT BD 922907746 565 10,561 SH   DFND 1 10,561 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 123,574 6,392,878 SH   SOLE   6,392,878 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 24,209 1,252,395 SH   DFND 1 1,252,395 0 0