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

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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
AUTONATION INC COM 05329W102 405,171 6,791,340 SH   SOLE   6,791,340 0 0
GAP INC DEL COM 364760108 105,224 4,260,063 SH   SOLE   4,260,063 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 87,550 636,170 SH   SOLE   636,170 0 0
LANDS END INC NEW COM 51509F105 157,484 6,718,592 SH   SOLE   6,718,592 0 0
SEARS CDA INC COM 81234D109 133,868 26,197,207 SH   SOLE   26,197,207 0 0
SEARS HLDGS CORP *W EXP 12/15/201 812350155 53,062 4,828,219 SH   SOLE   4,828,219 0 0
SEARS HLDGS CORP COM 812350106 459,230 22,336,105 SH   SOLE   22,336,105 0 0
SEARS HOMETOWN & OUTLET STOR COM 812362101 38,171 4,771,352 SH   SOLE   4,771,352 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 17,871 444,335 SH   SOLE   444,335 0 0