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
ALPHABET INC CAP STK CL A 02079K305 15,955 13,731 SH   DFND 01,02 13,731 0 0
ARGAN INC COM 04010E109 1,456 42,200 SH   DFND 01,02 42,200 0 0
ATLAS CORP SHS Y0436Q109 770,395 100,573,798 SH   DFND 01,02 100,573,798 0 0
BANK NOVA SCOTIA B C COM 064149107 9,985 247,100 SH   DFND 01,02 247,100 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 274 1 SH   DFND 01,02 1 0 0
BLACKBERRY LTD COM 09228F103 191,030 46,724,700 SH   DFND 01,02 46,724,700 0 0
BOOKING HLDGS INC COM 09857L108 8,743 6,500 SH   DFND 01,02 6,500 0 0
CALLAWAY GOLF CO COM 131193104 480 47,000 SH   DFND 01,02 47,000 0 0
CENTURYLINK INC COM 156700106 22,317 2,359,100 SH   DFND 01,02 2,359,100 0 0
CHEVRON CORP COM 166764100 11,274 155,800 SH   DFND 01,02 155,800 0 0
CIRRUS LOGIC INC COM 172755100 419 6,400 SH   DFND 01,02 6,400 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107 1,178 25,000 SH   DFND 01,02 25,000 0 0
CRESCENT CAP BDC INC COM 225655109 36,634 3,796,246 SH   DFND 01,02 3,796,246 0 0
CULP INC COM 230215105 563 78,000 SH   DFND 01,02 78,000 0 0
CVS HEALTH CORP COM 126650100 1,574 26,500 SH   DFND 01,02 26,500 0 0
DARLING INGREDIENTS INC COM 237266101 401 21,000 SH   DFND 01,02 21,000 0 0
DELEK US HLDGS INC COM 24665A103 628 40,000 SH   DFND 01,02 40,000 0 0
DIAMOND S SHIPPING INC COM Y20676105 12,116 1,034,681 SH   DFND 01,02 1,034,681 0 0
DINE BRANDS GLOBAL INC COM 254423106 672 23,500 SH   DFND 01,02 23,500 0 0
FITBIT INC CL A 33812L102 14,319 2,150,000 SH   DFND 01,02 2,150,000 0 0
FLIR SYS INC COM 302445101 606 19,000 SH   DFND 01,02 19,000 0 0
FORESCOUT TECHNOLOGIES INC COM 34553D101 584 18,500 SH   DFND 01,02 18,500 0 0
FRANKLIN RESOURCES INC COM 354613101 16,690 1,000,000 SH   DFND 01,02 1,000,000 0 0
FREIGHTCAR AMER INC COM 357023100 419 450,000 SH   DFND 01,02 450,000 0 0
GARRETT MOTION INC COM 366505105 429 150,000 SH   DFND 01,02 150,000 0 0
GCI LIBERTY INC COM CLASS A 36164V305 597 10,500 SH   DFND 01,02 10,500 0 0
GENERAL ELECTRIC CO COM 369604103 11,044 1,390,900 SH   DFND 01,02 1,390,900 0 0
GENERAL MTRS CO COM 37045V100 7,813 375,965 SH   DFND 01,02 375,965 0 0
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 546 13,500 SH   DFND 01,02 13,500 0 0
HELMERICH & PAYNE INC COM 423452101 3,543 226,400 SH   DFND 01,02 226,400 0 0
IROBOT CORP COM 462726100 796 19,500 SH   DFND 01,02 19,500 0 0
JACOBS ENGR GROUP INC COM 469814107 872 11,000 SH   DFND 01,02 11,000 0 0
JOHNSON & JOHNSON COM 478160104 9,614 73,400 SH   DFND 01,02 73,400 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 177,982 13,322,009 SH   DFND 01,02 13,322,009 0 0
KKR & CO INC CL A 48251W104 1,550 66,000 SH   DFND 01,02 66,000 0 0
KULICKE & SOFFA INDS INC COM 501242101 1,625 78,000 SH   DFND 01,02 78,000 0 0
LHC GROUP INC COM 50187A107 406 2,900 SH   DFND 01,02 2,900 0 0
LIBERTY TRIPADVISOR HLDGS INC COM SER A 531465102 369 204,000 SH   DFND 01,02 204,000 0 0
LORAL SPACE & COMMUNICATIONS INC COM 543881106 1,015 62,000 SH   DFND 01,02 62,000 0 0
MADISON SQUARE GARDEN CO CL A 55825T103 1,696 8,000 SH   DFND 01,02 8,000 0 0
MASTERCRAFT BOAT HLDGS INC COM 57637H103 11,627 1,599,333 SH   DFND 01,02 1,599,333 0 0
MICRON TECHNOLOGY INC COM 595112103 29,442 700,000 SH   DFND 01,02 700,000 0 0
MIDDLEBY CORP COM 596278101 824 14,500 SH   DFND 01,02 14,500 0 0
NETEASE INC SPONSORED ADS 64110W102 2,564 8,000 SH   DFND 01,02 8,000 0 0
NORTHWEST PIPE CO COM 667746101 1,218 55,000 SH   DFND 01,02 55,000 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 638 87,000 SH   DFND 01,02 87,000 0 0
PACIFIC BIOSCIENCES CALIF INC COM 69404D108 490 160,000 SH   DFND 01,02 160,000 0 0
PENN NATL GAMING INC COM 707569109 581 46,000 SH   DFND 01,02 46,000 0 0
RA PHARMACEUTICALS INC COM 74933V108 2,016 42,000 SH   DFND 01,02 42,000 0 0
RESOLUTE FST PRODS INC COM 76117W109 38,491 30,548,190 SH   DFND 01,02 30,548,190 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 1,718 43,500 SH   DFND 01,02 43,500 0 0
SIX FLAGS ENTMT CORP COM 83001A102 7,813 625,000 SH   DFND 01,02 625,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 4,765 99,700 SH   DFND 01,02 99,700 0 0
TIFFANY & CO COM 886547108 1,165 9,000 SH   DFND 01,02 9,000 0 0
TRANSALTA CORP COM 89346D107 1,110 215,000 SH   DFND 01,02 215,000 0 0
WABCO HLDGS INC COM 92927K102 1,187 8,800 SH   DFND 01,02 8,800 0 0