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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ATS CORP COM 00217Y104   73,870,688 2,486,400 SH   DFND 1,2 2,486,400 0 0
AUTOHOME INC SP ADS RP CL A 05278C107   1,399,140 54,000 SH   DFND 1,2 54,000 0 0
BANK OF NOVA SCOTIA COM 064149107   19,271,765 359,100 SH   DFND 1,2 359,100 0 0
BERKSHIRE HATHAWAY INC CL A 084670108   679,871 1 SH   DFND 1,2 1 0 0
BLACKBERRY LTD COM 09228F103   176,619,366 46,724,700 SH   DFND 1,2 46,724,700 0 0
CAPRI HOLDINGS LTD SHS G1890L107   1,644,005 78,100 SH   DFND 1,2 78,100 0 0
CLEVELAND-CLIFFS INC COM 185899101   55,453,166 5,899,273 SH   DFND 1,2 5,899,273 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107   3,299,263 25,000 SH   DFND 1,2 25,000 0 0
CVS HEALTH CORP COM 126650100   121,741,680 2,712,000 SH   DFND 1,2 2,712,000 0 0
FRANCO-NEVADA CORP COM 351858105   1,950,772 16,800 SH   DFND 1,2 16,800 0 0
GARRETT MOTION INC COM 366505105   2,745,327 304,360 SH   DFND 1,2 304,360 0 0
GENERAL MTRS CO COM 37045V100   20,027,656 375,965 SH   DFND 1,2 375,965 0 0
GENTEX CORP COM 371901109   2,442,050 85,000 SH   DFND 1,2 85,000 0 0
HELMERICH & PAYNE INC COM 423452101   24,786,842 774,105 SH   DFND 1,2 774,105 0 0
JOHNSON & JOHNSON COM 478160104   10,615,842 73,400 SH   DFND 1,2 73,400 0 0
KENNEDY-WILSON HOLDINGS INC COM 489398107   133,220,090 13,322,009 SH   DFND 1,2 13,322,009 0 0
KKR & CO INC COM 48251W104   3,479,175 23,500 SH   DFND 1,2 23,500 0 0
KRAFT HEINZ CO COM 500754106   101,772,940 3,314,000 SH   DFND 1,2 3,314,000 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203   501,250 125,000 SH   DFND 1,2 125,000 0 0
MERCK & CO INC COM 58933Y105   17,201,821 172,900 SH   DFND 1,2 172,900 0 0
MGM RESORTS INTERNATIONAL COM 552953101   1,021,880 29,500 SH   DFND 1,2 29,500 0 0
MICRON TECHNOLOGY INC COM 595112103   6,732,800 80,000 SH   DFND 1,2 80,000 0 0
MOLSON COORS BEVERAGE CO CL B 60871R209   68,010,180 1,186,500 SH   DFND 1,2 1,186,500 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105   297,468,853 6,020,418 SH   DFND 1,2 6,020,418 0 0
ORLA MINING LTD COM 68634K106   310,910,577 56,817,229 SH   DFND 1,2 56,817,229 0 0
PFIZER INC COM 717081103   17,274,886 650,900 SH   DFND 1,2 650,900 0 0
REVANCE THERAPEUTICS INC COM 761330109   64,109 21,158 SH   DFND 1,2 21,158 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   27,997,086 141,700 SH   DFND 1,2 141,700 0 0
TFI INTL INC COM 87241L109   1,787,575 13,300 SH   DFND 1,2 13,300 0 0
UNDER ARMOUR INC CL A 904311107   52,261,704 6,311,800 SH   DFND 1,2 6,311,800 0 0
XERIS BIOPHARMA HOLDINGS INC COM 98422E103   472,142 139,687 SH   DFND 1,2 139,687 0 0