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
ACTIVISION BLIZZARD INC COM 00507V109 3,561 159,700 SH   DFND 1,2,3 159,700 0 0
ALON USA PARTNERS LP UT LTDPART INT 02052T109 19,592 1,092,685 SH   DFND 1,2,3 1,092,685 0 0
AMAZON COM INC COM 023135106 422 1,300 SH   DFND 1,2,3 1,300 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 10,139 236,010 SH   DFND 1,2,3 236,010 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 710 13,000 SH   DFND 1,2,3 13,000 0 0
APPLE INC COM 037833100 17,982 193,500 SH   DFND 1,2,3 193,500 0 0
APPLE INC COM 037833100 5,204 56,000 SH   DFND 2,3 56,000 0 0
AUTOZONE INC COM 053332102 1,180 2,200 SH   DFND 1,2,3 2,200 0 0
AVIS BUDGET GROUP COM 053774105 158,728 2,659,202 SH   DFND 1,2,3 2,659,202 0 0
BANK OF AMERICA CORPORATION COM 060505104 85,156 5,540,419 SH   DFND 1,2,3 5,540,419 0 0
BANK OF AMERICA CORPORATION COM 060505104 3,074 200,000 SH   DFND 2,3 200,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 28,754 227,200 SH   DFND 1,2,3 227,200 0 0
BEST BUY INC COM 086516101 8,822 284,500 SH   DFND 1,2,3 284,500 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 2,110 170,000 SH   DFND 2,3 170,000 0 0
BRIGGS & STRATTON CORP COM 109043109 29,742 1,453,643 SH   DFND 1,2,3 1,453,643 0 0
BRIGGS & STRATTON CORP COM 109043109 1,841 90,000 SH   DFND 2,3 90,000 0 0
CADIZ INC COM NEW 127537207 14,186 1,703,000 SH   DFND 1,2,3 1,703,000 0 0
CF INDS HLDGS INC COM 125269100 135,204 562,109 SH   DFND 1,2,3 562,109 0 0
CHEVRON CORP NEW COM 166764100 1,306 10,000 SH   DFND 2,3 10,000 0 0
CIRRUS LOGIC INC COM 172755100 35,929 1,580,000 SH   DFND 1,2,3 1,580,000 0 0
CIT GROUP INC COM NEW 125581801 36,252 792,226 SH   DFND 1,2,3 792,226 0 0
CITIGROUP INC COM NEW 172967424 25,010 531,000 SH   DFND 1,2,3 531,000 0 0
COLUMBUS MCKINNON CORP N Y COM 199333105 1,285 47,500 SH   DFND 1,2,3 47,500 0 0
COMCAST CORP NEW CL A 20030N101 1,127 21,000 SH   DFND 1,2,3 21,000 0 0
CONTROL4 CORP COM 21240D107 11,788 602,640 SH   DFND 1,2,3 602,640 0 0
CUMMINS INC COM 231021106 9,689 62,800 SH   DFND 1,2,3 62,800 0 0
D R HORTON INC COM 23331A109 363,713 14,797,096 SH   DFND 1,2,3 14,797,096 0 0
DANA HLDG CORP COM 235825205 68,091 2,788,327 SH   DFND 1,2,3 2,788,327 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 300,631 7,764,219 SH   DFND 1,2,3 7,764,219 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 5,808 150,000 SH   DFND 2,3 150,000 0 0
DISNEY WALT CO COM DISNEY 254687106 4,287 50,000 SH   DFND 2,3 50,000 0 0
EOG RES INC COM 26875P101 78,124 668,523 SH   DFND 1,2,3 668,523 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 56,238 2,273,178 SH   DFND 1,2,3 2,273,178 0 0
EXXON MOBIL CORP COM 30231G102 5,034 50,000 SH   DFND 2,3 50,000 0 0
FIRST AMERN FINL CORP COM 31847R102 78,180 2,813,242 SH   DFND 1,2,3 2,813,242 0 0
FORTUNE BRANDS HOME & SEC IN COM 34964C106 799 20,000 SH   DFND 1,2,3 20,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 44,372 265,000 SH   DFND 1,2,3 265,000 0 0
GOODRICH PETE CORP COM NEW 382410405 34,933 1,265,671 SH   DFND 1,2,3 1,265,671 0 0
GOOGLE INC CL A 38259P508 118,399 202,505 SH   DFND 1,2,3 202,505 0 0
GOOGLE INC CL A 38259P508 4,677 8,000 SH   DFND 2,3 8,000 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 2,203 50,000 SH   DFND 2,3 50,000 0 0
HESS CORP COM 42809H107 1,384 14,000 SH   DFND 2,3 14,000 0 0
HEWLETT PACKARD CO COM 428236103 1,010 30,000 SH   DFND 1,2,3 30,000 0 0
ICICI BK LTD ADR 45104G104 5,090 102,000 SH   DFND 1,2,3 102,000 0 0
INVENSENSE INC COM 46123D205 1,341 59,100 SH   DFND 1,2,3 59,100 0 0
IPG PHOTONICS CORP COM 44980X109 6,096 88,600 SH   DFND 1,2,3 88,600 0 0
KB HOME COM 48666K109 63,295 3,388,357 SH   DFND 1,2,3 3,388,357 0 0
KNIGHT TRANSN INC COM 499064103 30,488 1,282,627 SH   DFND 1,2,3 1,282,627 0 0
LAS VEGAS SANDS CORP COM 517834107 3,811 50,000 SH   DFND 2,3 50,000 0 0
LENNAR CORP CL A 526057104 2,771 66,000 SH   DFND 1,2,3 66,000 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 1,857 42,300 SH   DFND 1,2,3 42,300 0 0
LOUISIANA PAC CORP COM 546347105 11,610 773,000 SH   DFND 1,2,3 773,000 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 157,021 1,607,999 SH   DFND 1,2,3 1,607,999 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 3,906 40,000 SH   DFND 2,3 40,000 0 0
MASTERCARD INC CL A 57636Q104 514 7,000 SH   DFND 1,2,3 7,000 0 0
METHANEX CORP COM 59151K108 15,383 249,000 SH   DFND 1,2,3 249,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 3,960 150,000 SH   DFND 2,3 150,000 0 0
MICRON TECHNOLOGY INC COM 595112103 51,727 1,569,865 SH   DFND 1,2,3 1,569,865 0 0
MICROSOFT CORP COM 594918104 4,875 116,900 SH   DFND 1,2,3 116,900 0 0
NATIONAL BK HLDGS CORP CL A 633707104 3,803 190,705 SH   DFND 1,2,3 190,705 0 0
NATIONAL OILWELL VARCO INC COM 637071101 824 10,000 SH   DFND 1,2,3 10,000 0 0
NAVISTAR INTL CORP NEW COM 63934E108 55,493 1,480,595 SH   DFND 1,2,3 1,480,595 0 0
NEWELL RUBBERMAID INC COM 651229106 5,648 182,241 SH   DFND 1,2,3 182,241 0 0
NVR INC COM 62944T105 6,503 5,652 SH   DFND 1,2,3 5,652 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1,334 13,000 SH   DFND 2,3 13,000 0 0
PACCAR INC COM 693718108 201,811 3,212,009 SH   DFND 1,2,3 3,212,009 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 775 53,000 SH   DFND 1,2,3 53,000 0 0
PIONEER NAT RES CO COM 723787107 53,621 233,329 SH   DFND 1,2,3 233,329 0 0
PLATINUM GROUP METALS LTD COM NEW 72765Q205 1,505 1,275,000 SH   DFND 1,2,3 1,275,000 0 0
POLYONE CORP COM 73179P106 48,287 1,145,860 SH   DFND 1,2,3 1,145,860 0 0
POLYONE CORP COM 73179P106 2,107 50,000 SH   DFND 2,3 50,000 0 0
PULTE GROUP INC COM 745867101 126,380 6,268,861 SH   DFND 1,2,3 6,268,861 0 0
QUANEX BUILDING PRODUCTS COR COM 747619104 84,267 4,715,561 SH   DFND 1,2,3 4,715,561 0 0
RYLAND GROUP INC COM 783764103 156,121 3,958,442 SH   DFND 1,2,3 3,958,442 0 0
SANCHEZ ENERGY CORP COM 79970Y105 84,745 2,254,450 SH   DFND 1,2,3 2,254,450 0 0
SIGNET JEWELERS LIMITED SHS G81276100 231,664 2,094,799 SH   DFND 1,2,3 2,094,799 0 0
SIGNET JEWELERS LIMITED SHS G81276100 4,424 40,000 SH   DFND 2,3 40,000 0 0
STOCK BLDG SUPPLY HLDGS INC COM 86101X104 30,697 1,555,835 SH   DFND 1,2,3 1,555,835 0 0
SWIFT TRANSN CO CL A 87074U101 76,136 3,017,685 SH   DFND 1,2,3 3,017,685 0 0
TOLL BROTHERS INC COM 889478103 369 10,000 SH   DFND 1,2,3 10,000 0 0
UNITED CONTL HLDGS INC COM 910047109 77,398 1,884,535 SH   DFND 1,2,3 1,884,535 0 0
UNITED RENTALS INC COM 911363109 72,244 689,814 SH   DFND 1,2,3 689,814 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 23,560 481,511 SH   DFND 1,2,3 481,511 0 0
WELLPOINT INC COM 94973V107 5,381 50,000 SH   DFND 2,3 50,000 0 0
WELLS FARGO & CO NEW COM 949746101 156,400 2,975,652 SH   DFND 1,2,3 2,975,652 0 0
WHIRLPOOL CORP COM 963320106 147,602 1,060,205 SH   DFND 1,2,3 1,060,205 0 0