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
ADVANCE AUTO PARTS INC COM 00751Y106 796 5,000 SH   DFND 1,2,3 5,000 0 0
AMAZON COM INC COM 023135106 65,608 211,400 SH   DFND 1,2,3 211,400 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 96,991 1,808,520 SH   DFND 1,2,3 1,808,520 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 560 10,000 SH   DFND 1,2,3 10,000 0 0
ANTHEM INC COM 036752103 3,142 25,000 SH   DFND 1,2,3 25,000 0 0
APPLE INC COM 037833100 39,970 362,109 SH   DFND 1,2,3 362,109 0 0
APPLE INC COM 037833100 1,104 10,000 SH Call DFND 1,2,3 10,000 0 0
AUTOZONE INC COM 053332102 2,012 3,250 SH   DFND 1,2,3 3,250 0 0
BANK AMER CORP COM 060505104 24,770 1,384,550 SH   DFND 1,2,3 1,384,550 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 19,424 129,367 SH   DFND 1,2,3 129,367 0 0
BEST BUY INC COM 086516101 25,727 660,000 SH   DFND 1,2,3 660,000 0 0
BRIGGS & STRATTON CORP COM 109043109 31,804 1,557,508 SH   DFND 1,2,3 1,557,508 0 0
CADIZ INC COM NEW 127537207 26,394 2,356,578 SH   DFND 1,2,3 2,356,578 0 0
CELGENE CORP COM 151020104 3,020 27,000 SH   DFND 1,2,3 27,000 0 0
CF INDS HLDGS INC COM 125269100 127,411 467,494 SH   DFND 1,2,3 467,494 0 0
CIRRUS LOGIC INC COM 172755100 58,689 2,490,000 SH   DFND 1,2,3 2,490,000 0 0
CISCO SYS INC COM 17275R102 3,199 115,000 SH   DFND 1,2,3 115,000 0 0
CIT GROUP INC COM NEW 125581801 39,026 815,925 SH   DFND 1,2,3 815,925 0 0
CITIGROUP INC COM NEW 172967424 164,289 3,036,200 SH   DFND 1,2,3 3,036,200 0 0
COMCAST CORP NEW CL A 20030N101 4,061 70,000 SH   DFND 1,2,3 70,000 0 0
CONTROL4 CORP COM 21240D107 11,020 717,000 SH   DFND 1,2,3 717,000 0 0
CUMMINS INC COM 231021106 18,327 127,124 SH   DFND 1,2,3 127,124 0 0
CUMMINS INC COM 231021106 27,392 190,000 SH Call DFND 1,2,3 190,000 0 0
D R HORTON INC COM 23331A109 391,816 15,492,908 SH   DFND 1,2,3 15,492,908 0 0
D R HORTON INC COM 23331A109 2,529 100,000 SH Call DFND 1,2,3 100,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 199,942 4,064,692 SH   DFND 1,2,3 4,064,692 0 0
DISCOVER FINL SVCS COM 254709108 5,090 77,720 SH   DFND 1,2,3 77,720 0 0
DISNEY WALT CO COM DISNEY 254687106 8,006 85,000 SH   DFND 1,2,3 85,000 0 0
DOLLAR TREE INC COM 256746108 4,364 62,000 SH   DFND 1,2,3 62,000 0 0
ELECTRONIC ARTS INC COM 285512109 21,231 451,584 SH   DFND 1,2,3 451,584 0 0
EOG RES INC COM 26875P101 25,025 271,807 SH   DFND 1,2,3 271,807 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 62,250 2,010,000 SH   DFND 1,2,3 2,010,000 0 0
FACTSET RESH SYS INC COM 303075105 3,097 22,000 SH   DFND 1,2,3 22,000 0 0
FIRST AMERN FINL CORP COM 31847R102 96,750 2,853,973 SH   DFND 1,2,3 2,853,973 0 0
FORTUNE BRANDS HOME & SEC IN COM 34964C106 905 20,000 SH   DFND 1,2,3 20,000 0 0
FRONTLINE LTD SHS G3682E127 1,941 774,276 SH   DFND 1,2,3 774,276 0 0
GILEAD SCIENCES INC COM 375558103 2,828 30,000 SH   DFND 1,2,3 30,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 167,339 863,328 SH   DFND 1,2,3 863,328 0 0
HEWLETT PACKARD CO COM 428236103 81,990 2,043,100 SH   DFND 1,2,3 2,043,100 0 0
HOME DEPOT INC COM 437076102 6,393 60,900 SH   DFND 1,2,3 60,900 0 0
ICICI BK LTD ADR 45104G104 5,525 478,320 SH   DFND 1,2,3 478,320 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 3,152 31,100 SH   DFND 1,2,3 31,100 0 0
IPG PHOTONICS CORP COM 44980X109 5,649 75,400 SH   DFND 1,2,3 75,400 0 0
KB HOME COM 48666K109 3,310 200,000 SH Call DFND 1,2,3 200,000 0 0
KB HOME COM 48666K109 65,818 3,976,944 SH   DFND 1,2,3 3,976,944 0 0
KNIGHT TRANSN INC COM 499064103 43,740 1,299,477 SH   DFND 1,2,3 1,299,477 0 0
LENNAR CORP CL A 526057104 139,037 3,102,803 SH   DFND 1,2,3 3,102,803 0 0
LOUISIANA PAC CORP COM 546347105 14,416 870,505 SH   DFND 1,2,3 870,505 0 0
LOWES COS INC COM 548661107 3,247 47,200 SH   DFND 1,2,3 47,200 0 0
MASTERCARD INC CL A 57636Q104 258 3,000 SH   DFND 1,2,3 3,000 0 0
MICHAEL KORS HLDGS LTD SHS G60754101 3,380 45,000 SH   DFND 1,2,3 45,000 0 0
MICROSOFT CORP COM 594918104 5,093 109,650 SH   DFND 1,2,3 109,650 0 0
MOODYS CORP COM 615369105 2,970 31,000 SH   DFND 1,2,3 31,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 4,172 214,949 SH   DFND 1,2,3 214,949 0 0
NEWELL RUBBERMAID INC COM 651229106 7,640 200,584 SH   DFND 1,2,3 200,584 0 0
NIKE INC CL B 654106103 3,173 33,000 SH   DFND 1,2,3 33,000 0 0
PACCAR INC COM 693718108 292,727 4,304,169 SH   DFND 1,2,3 4,304,169 0 0
PALO ALTO NETWORKS INC COM 697435105 3,677 30,000 SH   DFND 1,2,3 30,000 0 0
PULTE GROUP INC COM 745867101 94,594 4,407,902 SH   DFND 1,2,3 4,407,902 0 0
QUANEX BUILDING PRODUCTS COR COM 747619104 66,414 3,536,400 SH   DFND 1,2,3 3,536,400 0 0
RYLAND GROUP INC COM 783764103 50,685 1,314,456 SH   DFND 1,2,3 1,314,456 0 0
SCHWAB CHARLES CORP NEW COM 808513105 3,291 109,000 SH   DFND 1,2,3 109,000 0 0
SIGNET JEWELERS LIMITED SHS G81276100 215,865 1,640,686 SH   DFND 1,2,3 1,640,686 0 0
SILVER WHEATON CORP COM 828336107 5,713 281,000 SH   DFND 1,2,3 281,000 0 0
SMUCKER J M CO COM NEW 832696405 3,029 30,000 SH   DFND 1,2,3 30,000 0 0
STOCK BLDG SUPPLY HLDGS INC COM 86101X104 25,680 1,676,262 SH   DFND 1,2,3 1,676,262 0 0
SWIFT TRANSN CO CL A 87074U101 55,731 1,946,587 SH   DFND 1,2,3 1,946,587 0 0
UNITED CONTL HLDGS INC COM 910047109 41,216 616,170 SH   DFND 1,2,3 616,170 0 0
UNITED PARCEL SERVICE INC CL B 911312106 3,446 31,000 SH   DFND 1,2,3 31,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 3,163 27,500 SH   DFND 1,2,3 27,500 0 0
V F CORP COM 918204108 3,371 45,000 SH   DFND 1,2,3 45,000 0 0
WELLS FARGO & CO NEW COM 949746101 119,693 2,183,388 SH   DFND 1,2,3 2,183,388 0 0
WHIRLPOOL CORP COM 963320106 83,865 432,874 SH   DFND 1,2,3 432,874 0 0