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
AGNICO EAGLE MINES LTD COM 008474108 12,002 435,785 SH   SOLE   435,785 0 0
AMERICAN EXPRESS CO COM 025816109 47,293 632,600 SH   SOLE   632,600 0 0
ANADARKO PETE CORP COM 032511107 64,946 755,800 SH   SOLE   755,800 0 0
ANADARKO PETE CORP COM 032511107 30,076 350,000 SH Put SOLE   350,000 0 0
AOL INC COM 00184X105 7,296 200,000 SH Put SOLE   200,000 0 0
ASA GOLD AND PRECIOUS MTLS L SHS G3156P103 13,881 1,093,000 SH   SOLE   1,093,000 0 0
ATHENAHEALTH INC COM 04685W103 8,473 100,000 SH Put SOLE   100,000 0 0
BARRICK GOLD CORP COM 067901108 7,889 501,200 SH   SOLE   501,200 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 321,857 1,909 SH   SOLE   1,909 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 453,796 4,054,648 SH   SOLE   4,054,648 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,679 15,000 SH Call SOLE   15,000 0 0
BIG LOTS INC COM 089302103 25,274 801,600 SH Put SOLE   801,600 0 0
CANADIAN NAT RES LTD COM 136385101 15,427 545,894 SH   SOLE   545,894 0 0
CARMAX INC COM 143130102 139,057 3,012,500 SH   SOLE   3,012,500 0 0
CHEMTURA CORP COM NEW 163893209 81,115 3,995,800 SH   SOLE   3,995,800 0 0
CISCO SYS INC COM 17275R102 102,333 4,205,182 SH   SOLE   4,205,182 0 0
CISCO SYS INC COM 17275R102 139,992 5,752,700 SH Call SOLE   5,752,700 0 0
CONOCOPHILLIPS COM 20825C104 45,375 750,000 SH   SOLE   750,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 15,568 140,800 SH   SOLE   140,800 0 0
CSX CORP COM 126408103 18,554 800,100 SH   SOLE   800,100 0 0
DECKERS OUTDOOR CORP COM 243537107 3,127 61,900 SH   SOLE   61,900 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 47,222 2,523,900 SH   SOLE   2,523,900 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 8,260 286,800 SH   SOLE   286,800 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 37,044 600,000 SH Put SOLE   600,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 18,522 300,000 SH Call SOLE   300,000 0 0
EXXON MOBIL CORP COM 30231G102 28,058 310,550 SH   SOLE   310,550 0 0
FAMILY DLR STORES INC COM 307000109 6,231 100,000 SH Put SOLE   100,000 0 0
FIRST SOLAR INC COM 336433107 4,481 100,000 SH Put SOLE   100,000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 9,321 602,500 SH   SOLE   602,500 0 0
GOLDCORP INC NEW COM 380956409 9,630 389,400 SH   SOLE   389,400 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 41,170 272,200 SH   SOLE   272,200 0 0
GREEN MTN COFFEE ROASTERS IN COM 393122106 149,157 1,983,000 SH   SOLE   1,983,000 0 0
GREEN MTN COFFEE ROASTERS IN COM 393122106 82,740 1,100,000 SH Put SOLE   1,100,000 0 0
HARRIS CORP DEL COM 413875105 17,311 351,500 SH   SOLE   351,500 0 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 70,407 1,316,026 SH   SOLE   1,316,026 0 0
ISHARES TR RUSSELL 2000 464287655 47,530 490,000 SH Call SOLE   490,000 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 21,095 525,000 SH   SOLE   525,000 0 0
LAMAR ADVERTISING CO CL A 512815101 41,073 946,600 SH   SOLE   946,600 0 0
LIQUIDITY SERVICES INC COM 53635B107 3,828 110,400 SH   SOLE   110,400 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 96,090 1,450,200 SH   SOLE   1,450,200 0 0
MACYS INC COM 55616P104 19,694 410,300 SH   SOLE   410,300 0 0
MGIC INVT CORP WIS COM 552848103 3,106 511,700 SH   SOLE   511,700 0 0
MICRON TECHNOLOGY INC COM 595112103 36,325 2,534,900 SH   SOLE   2,534,900 0 0
MORGAN STANLEY COM NEW 617446448 24,955 1,021,500 SH   SOLE   1,021,500 0 0
NEWMONT MINING CORP COM 651639106 33,560 1,120,550 SH   SOLE   1,120,550 0 0
NORFOLK SOUTHERN CORP COM 655844108 12,975 178,600 SH   SOLE   178,600 0 0
PETROLOGISTICS LP UNIT LTD PTH INT 71672U101 25,636 1,934,765 SH   SOLE   1,934,765 0 0
PHILIP MORRIS INTL INC COM 718172109 52,041 600,800 SH   SOLE   600,800 0 0
PHILLIPS 66 COM 718546104 39,095 663,637 SH   SOLE   663,637 0 0
SCHLUMBERGER LTD COM 806857108 32,749 457,000 SH   SOLE   457,000 0 0
SCHLUMBERGER LTD COM 806857108 7,166 100,000 SH Call SOLE   100,000 0 0
SENSATA TECHNOLOGIES HLDG BV SHS N7902X106 41,370 1,185,400 SH   SOLE   1,185,400 0 0
SMITH & WESSON HLDG CORP COM 831756101 3,825 383,300 SH   SOLE   383,300 0 0
SOUTHWEST AIRLS CO COM 844741108 24,180 1,875,900 SH   SOLE   1,875,900 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 54,227 455,268 SH   SOLE   455,268 0 0
THE ADT CORPORATION COM 00101J106 10,760 270,000 SH Put SOLE   270,000 0 0
TJX COS INC NEW COM 872540109 60,322 1,205,000 SH   SOLE   1,205,000 0 0
TRINITY INDS INC COM 896522109 3,844 100,000 SH Put SOLE   100,000 0 0
TRINITY INDS INC COM 896522109 2,464 64,100 SH Call SOLE   64,100 0 0
VANTIV INC CL A 92210H105 23,460 850,000 SH   SOLE   850,000 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 26,532 923,000 SH   SOLE   923,000 0 0
WAL-MART STORES INC COM 931142103 37,990 510,000 SH   SOLE   510,000 0 0
WALGREEN CO COM 931422109 72,713 1,645,100 SH   SOLE   1,645,100 0 0
WELLS FARGO & CO NEW COM 949746101 176,357 4,273,249 SH   SOLE   4,273,249 0 0
WEST MARINE INC COM 954235107 1,106 100,500 SH   SOLE   100,500 0 0