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 20,111 13,731 SH   DFND 01,02 13,731 0 0
ARGAN INC COM 04010E109 1,766 42,200 SH   DFND 01,02 42,200 0 0
ATLAS CORP SHS Y0436Q109 888,645 99,400,952 SH   DFND 01,02 99,400,952 0 0
BANK OF NOVA SCOTIA COM 064149107 10,236 247,100 SH   DFND 01,02 247,100 0 0
BERKSHIRE HATHAWAY INC CL A 084670108 320 1 SH   DFND 01,02 1 0 0
BLACKBERRY LTD COM 09228F103 213,947 46,724,700 SH   DFND 01,02 46,724,700 0 0
BOOKING HOLDINGS INC COM 09857L108 11,104 6,500 SH   DFND 01,02 6,500 0 0
CENTRAL EUROPEAN MEDIA ENTERPR CL A NEW G20045202 967 230,860 SH   DFND 01,02 230,860 0 0
CHEVRON CORP COM 166764100 11,210 155,800 SH   DFND 01,02 155,800 0 0
CIRRUS LOGIC INC COM 172755100 431 6,400 SH   DFND 01,02 6,400 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107 1,653 25,000 SH   DFND 01,02 25,000 0 0
CRESCENT CAPITAL BDC INC COM 225655109 48,288 3,796,246 SH   DFND 01,02 3,796,246 0 0
CROWN CASTLE INTL CORP COM 22822V101 665 4,000 SH   DFND 01,02 4,000 0 0
CULP INC COM 230215105 959 78,000 SH   DFND 01,02 78,000 0 0
CVS HEALTH CORP COM 126650100 1,547 26,500 SH   DFND 01,02 26,500 0 0
DARLING INGREDIENTS INC COM 237266101 756 21,000 SH   DFND 01,02 21,000 0 0
DELEK US HLDGS INC COM 24665A103 445 40,000 SH   DFND 01,02 40,000 0 0
DIAMOND S SHIPPING INC COM Y20676105 7,098 1,034,681 SH   DFND 01,02 1,034,681 0 0
DINE BRANDS GLOBAL INC COM 254423106 1,392 25,500 SH   DFND 01,02 25,500 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 939 30,000 SH   DFND 01,02 30,000 0 0
FITBIT INC CL A 33812L102 14,964 2,150,000 SH   DFND 01,02 2,150,000 0 0
FLIR SYS INC COM 302445101 681 19,000 SH   DFND 01,02 19,000 0 0
FRANKLIN RESOURCES INC COM 354613101 20,340 1,000,000 SH   DFND 01,02 1,000,000 0 0
FREIGHTCAR AMER INC COM 357023100 1,026 450,000 SH   DFND 01,02 450,000 0 0
GCI LIBERTY INC COM CLASS A 36164V305 902 11,000 SH   DFND 01,02 11,000 0 0
GENERAL ELECTRIC CO COM 369604103 8,665 1,390,900 SH   DFND 01,02 1,390,900 0 0
GENERAL MTRS CO COM 37045V100 11,125 375,965 SH   DFND 01,02 375,965 0 0
GILDAN ACTIVEWEAR INC COM 375916103 14,352 730,000 SH   DFND 01,02 730,000 0 0
GRAFTECH INTL LTD COM 384313508 5,823 852,628 SH   DFND 01,02 852,628 0 0
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 780 13,500 SH   DFND 01,02 13,500 0 0
HELMERICH & PAYNE INC COM 423452101 3,317 226,400 SH   DFND 01,02 226,400 0 0
IMMUNOMEDICS INC COM 452907108 722 8,500 SH   DFND 01,02 8,500 0 0
INNERWORKINGS INC COM 45773Y105 389 130,000 SH   DFND 01,02 130,000 0 0
IROBOT CORP COM 462726100 1,138 15,000 SH   DFND 01,02 15,000 0 0
JACOBS ENGR GROUP INC COM 469814107 1,020 11,000 SH   DFND 01,02 11,000 0 0
JOHNSON & JOHNSON COM 478160104 10,912 73,400 SH   DFND 01,02 73,400 0 0
KENNEDY-WILSON HOLDINGS INC COM 489398107 193,302 13,322,009 SH   DFND 01,02 13,322,009 0 0
KKR & CO INC COM 48251W104 1,545 45,000 SH   DFND 01,02 45,000 0 0
KULICKE & SOFFA INDS INC COM 501242101 1,746 78,000 SH   DFND 01,02 78,000 0 0
LHC GROUP INC COM 50187A107 616 2,900 SH   DFND 01,02 2,900 0 0
LIBERTY TRIPADVISOR HOLDINGS INC COM SER A 531465102 609 354,000 SH   DFND 01,02 354,000 0 0
LORAL SPACE & COMMUNICATIONS INC COM 543881106 1,589 87,000 SH   DFND 01,02 87,000 0 0
LUMEN TECHNOLOGIES INC COM 156700106 23,803 2,359,100 SH   DFND 01,02 2,359,100 0 0
MADISON SQUARE GARDEN SPRT CORP CL A 55825T103 1,204 8,000 SH   DFND 01,02 8,000 0 0
MADISON SQUARE GRDN ENTERTNMNT CL A 55826T102 548 8,000 SH   DFND 01,02 8,000 0 0
MASTERCRAFT BOAT HLDGS INC COM 57637H103 32,698 1,868,465 SH   DFND 01,02 1,868,465 0 0
MICRON TECHNOLOGY INC COM 595112103 32,872 700,000 SH   DFND 01,02 700,000 0 0
MIDDLEBY CORP COM 596278101 1,300 14,500 SH   DFND 01,02 14,500 0 0
NETEASE INC SPONSORED ADS 64110W102 6,586 14,500 SH   DFND 01,02 14,500 0 0
NORBORD INC COM NEW 65548P403 880 30,000 SH   DFND 01,02 30,000 0 0
NORTHWEST PIPE CO COM 667746101 1,450 55,000 SH   DFND 01,02 55,000 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 1,030 87,697 SH   DFND 01,02 87,697 0 0
RESOLUTE FST PRODS INC COM 76117W109 136,550 30,548,190 SH   DFND 01,02 30,548,190 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 1,915 33,500 SH   DFND 01,02 33,500 0 0
SAFETY INSURANCE GROUP INC COM 78648T100 455 6,600 SH   DFND 01,02 6,600 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 7,596 93,700 SH   DFND 01,02 93,700 0 0
TIFFANY & CO COM 886547108 2,178 18,800 SH   DFND 01,02 18,800 0 0
TRANSALTA CORP COM 89346D107 1,312 215,000 SH   DFND 01,02 215,000 0 0
U S SILICA HLDGS INC COM 90346E103 1,032 345,000 SH   DFND 01,02 345,000 0 0
ZEBRA TECHNOLOGIES CORP CL A 989207105 479 1,900 SH   DFND 01,02 1,900 0 0