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
ADFITECH INC COM 00687B105 467 120,064 SH   SOLE 0 120,064 0 0
AEGON N V NY REGISTRY SH 007924103 35,070 5,187,858 SH   SOLE 0 5,187,858 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 38,231 1,757,751 SH   SOLE 0 1,757,751 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 19,350 570,623 SH   SOLE 0 570,623 0 0
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 28,539 769,463 SH   SOLE 0 769,463 0 0
BANK NEW YORK MELLON CORP COM 064058100 34,404 1,226,533 SH   SOLE 0 1,226,533 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 3,372 20 SH   SOLE 0 20 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 42,077 375,953 SH   SOLE 0 375,953 0 0
BP PLC SPONSORED ADR 055622104 24,615 589,712 SH   SOLE 0 589,712 0 0
CENVEO INC COM 15670S105 8,604 4,039,281 SH   SOLE 0 4,039,281 0 0
CISCO SYS INC COM 17275R102 11,710 481,180 SH   SOLE 0 481,180 0 0
CNA FINL CORP COM 126117100 43,491 1,333,262 SH   SOLE 0 1,333,262 0 0
CNO FINL GROUP INC COM 12621E103 40,090 3,093,399 SH   SOLE 0 3,093,399 0 0
COMCAST CORP NEW CL A 20030N101 6,613 158,393 SH   SOLE 0 158,393 0 0
COMCAST CORP NEW CL A SPL 20030N200 24,432 615,874 SH   SOLE 0 615,874 0 0
CROWN HOLDINGS INC COM 228368106 12,180 296,136 SH   SOLE 0 296,136 0 0
CST BRANDS INC COM 12646R105 112 3,631 SH   SOLE 0 3,631 0 0
DARLING INTL INC COM 237266101 11,039 591,605 SH   SOLE 0 591,605 0 0
EXCEL TR INC COM 30068C109 37,622 2,936,903 SH   SOLE 0 2,936,903 0 0
FAIRFAX FINL HLDGS LTD SUB VTG 303901102 14,433 36,998 SH   SOLE 0 36,998 0 0
GENERAL COMMUNICATION INC CL A 369385109 19,209 2,453,222 SH   SOLE 0 2,453,222 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101 9,637 1,245,093 SH   SOLE 0 1,245,093 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 51,673 1,671,199 SH   SOLE 0 1,671,199 0 0
HAWAIIAN TELCOM HOLDCO INC COM 420031106 623 24,762 SH   SOLE 0 24,762 0 0
HOOPER HOLMES INC COM 439104100 1,567 4,353,952 SH   SOLE 0 4,353,952 0 0
HUDSON PAC PPTYS INC COM 444097109 15,985 751,167 SH   SOLE 0 751,167 0 0
HUNTSMAN CORP COM 447011107 2,172 131,172 SH   SOLE 0 131,172 0 0
ISTAR FINL INC COM 45031U101 284 25,130 SH   SOLE 0 25,130 0 0
JEFFERIES GROUP INC NEW DBCV 3.875%11/0 472319AG7 360 325,000 SH   SOLE 0 325,000 0 0
JOHNSON & JOHNSON COM 478160104 16,298 189,821 SH   SOLE 0 189,821 0 0
JPMORGAN CHASE & CO COM 46625H100 45,430 860,578 SH   SOLE 0 860,578 0 0
KEMPER CORP DEL COM 488401100 13,378 390,586 SH   SOLE 0 390,586 0 0
L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 7,489 7,345,000 SH   SOLE 0 7,345,000 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 18,876 220,155 SH   SOLE 0 220,155 0 0
LEUCADIA NATL CORP COM 527288104 29,681 1,131,998 SH   SOLE 0 1,131,998 0 0
LIBERTY GLOBAL INC COM SER A DELETED 530555101 281 3,824 SH   SOLE 0 3,824 0 0
LIBERTY GLOBAL INC COM SER C DELETED 530555309 10,944 161,208 SH   SOLE 0 161,208 0 0
LIBERTY MEDIA CORP DELAWARE CL A 531229102 15,776 124,456 SH   SOLE 0 124,456 0 0
LIVE NATION ENTERTAINMENT IN NOTE 2.875% 7/1 538034AB5 4,321 4,277,000 SH   SOLE 0 4,277,000 0 0
LOEWS CORP COM 540424108 28,514 642,200 SH   SOLE 0 642,200 0 0
MERCK & CO INC NEW COM 58933Y105 25,210 542,724 SH   SOLE 0 542,724 0 0
METLIFE INC COM 59156R108 22,588 493,617 SH   SOLE 0 493,617 0 0
METLIFE INC UNIT 99/99/9999 59156R116 26,414 482,104 SH   SOLE 0 482,104 0 0
MICROSOFT CORP COM 594918104 42,068 1,217,765 SH   SOLE 0 1,217,765 0 0
MONTGOMERY STR INCOME SECS I COM 614115103 15 950 SH   SOLE 0 950 0 0
NASH FINCH CO COM 631158102 6,168 280,222 SH   SOLE 0 280,222 0 0
NAVISTAR INTL CORP NEW COM 63934E108 4,490 161,736 SH   SOLE 0 161,736 0 0
NAVISTAR INTL CORP NEW NOTE 3.000%10/1 63934EAL2 3,782 3,898,000 SH   SOLE 0 3,898,000 0 0
NEW ULM TELECOM INC COM 649060100 695 116,772 SH   SOLE 0 116,772 0 0
NEWCASTLE INVT CORP COM 65105M108 1,681 321,398 SH   SOLE 0 321,398 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 46,339 5,092,166 SH   SOLE 0 5,092,166 0 0
NUVEEN DIVER CURRENCY OPPOR COM 67090N109 6,439 574,420 SH   SOLE 0 574,420 0 0
OWENS ILL INC COM NEW 690768403 42,497 1,529,236 SH   SOLE 0 1,529,236 0 0
PARK OHIO HLDGS CORP COM 700666100 17,721 537,331 SH   SOLE 0 537,331 0 0
PARKWAY PPTYS INC COM 70159Q104 33,258 1,984,352 SH   SOLE 0 1,984,352 0 0
PENSKE AUTOMOTIVE GRP INC COM 70959W103 5,149 168,593 SH   SOLE 0 168,593 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 9,596 536,709 SH   SOLE 0 536,709 0 0
Q E P INC COM 74727K102 6,925 381,115 SH   SOLE 0 381,115 0 0
REDWOOD TR INC COM 758075402 129 7,595 SH   SOLE 0 7,595 0 0
ROCK-TENN CO CL A 772739207 34,895 349,367 SH   SOLE 0 349,367 0 0
SAFEWAY INC COM NEW 786514208 43,800 1,851,212 SH   SOLE 0 1,851,212 0 0
SANDRIDGE ENERGY INC COM 80007P307 8,242 1,731,448 SH   SOLE 0 1,731,448 0 0
SIERRA BANCORP COM 82620P102 11,387 769,369 SH   SOLE 0 769,369 0 0
STARZ COM SER A 85571Q102 4 175 SH   SOLE 0 175 0 0
SUPERVALU INC COM 868536103 4,691 754,247 SH   SOLE 0 754,247 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 13,920 301,952 SH   SOLE 0 301,952 0 0
TESORO CORP COM 881609101 25,917 495,357 SH   SOLE 0 495,357 0 0
THL CR INC COM 872438106 8 500 SH   SOLE 0 500 0 0
TORCHMARK CORP COM 891027104 12,324 189,192 SH   SOLE 0 189,192 0 0
TRAVELERS COMPANIES INC COM 89417E109 31,638 395,875 SH   SOLE 0 395,875 0 0
VALERO ENERGY CORP NEW COM 91913Y100 42,017 1,208,419 SH   SOLE 0 1,208,419 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 37,646 1,309,663 SH   SOLE 0 1,309,663 0 0
WELLS FARGO & CO NEW COM 949746101 37,058 897,939 SH   SOLE 0 897,939 0 0
XEROX CORP COM 984121103 29,345 3,235,358 SH   SOLE 0 3,235,358 0 0
XL GROUP PLC SHS G98290102 32,210 1,062,337 SH   SOLE 0 1,062,337 0 0