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
ABBVIE INC COM 00287Y109 3,014 32,529 SH   DFND 2 32,529 0 0
AETNA INC NEW COM 00817Y108 21,831 118,971 SH   DFND 1 118,971 0 0
ALTABA INC COM 021346101 74,973 1,024,085 SH   DFND 1 1,024,085 0 0
APPLIED INDL TECHNOLOGIES IN COM 03820C105 1,261 17,980 SH   DFND 2 17,980 0 0
AQUA AMERICA INC COM 03836W103 1,271 36,141 SH   DFND 2 36,141 0 0
AT&T INC COM 00206R102 7,026 218,802 SH   DFND 1 218,802 0 0
AXALTA COATING SYS LTD COM G0750C108 11,597 382,600 SH   DFND 1 382,600 0 0
BIOGEN INC COM 09062X103 3,505 12,075 SH   DFND 2 12,075 0 0
BIO TECHNE CORP COM 09073M104 1,234 8,342 SH   DFND 2 8,342 0 0
BOSTON SCIENTIFIC CORP COM 101137107 817 25,000 SH   DFND 1 25,000 0 0
BUNGE LIMITED COM G16962105 3,764 54,000 SH   DFND 1 54,000 0 0
CENTENE CORP DEL COM 15135B101 3,733 30,297 SH   DFND 2 30,297 0 0
CINEMARK HOLDINGS INC COM 17243V102 1,303 37,139 SH   DFND 2 37,139 0 0
COMCAST CORP NEW CL A 20030N101 3,735 113,845 SH   DFND 2 113,845 0 0
CONCHO RES INC COM 20605P101 5,534 40,000 SH   DFND 1 40,000 0 0
CROWN HOLDINGS INC COM 228368106 4,252 95,000 SH   DFND 1 95,000 0 0
CVR ENERGY INC COM 12662P108 370 10,000 SH   DFND 1 10,000 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 26,354 311,582 SH   DFND 1 311,582 0 0
DISCOVERY INC COM SER A 25470F104 4,629 168,311 SH   DFND 2 168,311 0 0
DISCOVERY INC COM SER C 25470F302 4,579 179,548 SH   DFND 2 179,548 0 0
DISCOVERY INC COM SER C 25470F302 22,510 882,755 SH   DFND 1 882,755 0 0
DISH NETWORK CORP CL A 25470M109 4,037 120,125 SH   DFND 2 120,125 0 0
DOMINION ENERGY INC COM 25746U109 4,598 67,441 SH   DFND 1 67,441 0 0
DR PEPPER SNAPPLE GROUP INC COM 26138E109 3,768 30,885 SH   DFND 1 30,885 0 0
DXC TECHNOLOGY CO COM 23355L106 3,627 45,000 SH   DFND 1 45,000 0 0
DXC TECHNOLOGY CO COM 23355L106 3,107 38,539 SH   DFND 2 38,539 0 0
EDUCATION RLTY TR INC COM NEW 28140H203 2,075 50,000 SH   DFND 1 50,000 0 0
ENBRIDGE ENERGY MANAGEMENT L SHS UNITS LLI 29250X103 4,225 411,821 SH   DFND 1 411,821 0 0
ENERSYS COM 29275Y102 1,172 15,695 SH   DFND 2 15,695 0 0
ENSIGN GROUP INC COM 29358P101 1,227 34,257 SH   DFND 2 34,257 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 3,615 46,824 SH   DFND 2 46,824 0 0
FIESTA RESTAURANT GROUP INC COM 31660B101 93,866 3,270,578 SH   SOLE   3,270,578 0 0
FREEPORT-MCMORAN INC CL B 35671D857 3,287 190,447 SH   DFND 2 190,447 0 0
GAMESTOP CORP NEW CL A 36467W109 1,384 95,011 SH   DFND 2 95,011 0 0
GCI LIBERTY INC COM CLASS A 36164V305 1,622 35,976 SH   DFND 1 35,976 0 0
HCA HEALTHCARE INC COM 40412C101 3,531 34,414 SH   DFND 2 34,414 0 0
HP INC COM 40434L105 3,656 161,129 SH   DFND 2 161,129 0 0
HRG GROUP INC COM 40434J100 609,994 46,600,000 SH   SOLE   46,600,000 0 0
IAC INTERACTIVECORP COM 44919P508 21,902 143,627 SH   DFND 1 143,627 0 0
IDEX CORP COM 45167R104 1,234 9,044 SH   DFND 2 9,044 0 0
ITT INC COM 45073V108 1,237 23,672 SH   DFND 2 23,672 0 0
KELLOGG CO COM 487836108 2,096 30,000 SH   DFND 1 30,000 0 0
LANDCADIA HLDGS INC *W EXP 06/01/202 51476W115 5,810 7,000,000 SH   SOLE   7,000,000 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 24,323 539,905 SH   DFND 1 539,905 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 5,346 117,862 SH   DFND 1 117,862 0 0
LIBERTY TRIPADVISOR HLDGS IN COM SER A 531465102 5,508 342,100 SH   DFND 1 342,100 0 0
LONESTAR RES US INC CL A VTG 54240F103 4,222 500,227 SH   DFND   500,227 0 0
LONESTAR RES US INC CL A VTG 54240F103 29,357 3,478,261 SH   SOLE   3,478,261 0 0
MANPOWERGROUP INC COM 56418H100 1,199 13,935 SH   DFND 2 13,935 0 0
MARRIOTT VACATIONS WRLDWDE C COM 57164Y107 5,648 50,000 SH   DFND 1 50,000 0 0
MEDIFAST INC COM 58470H101 1,371 8,561 SH   DFND 2 8,561 0 0
MSG NETWORK INC CL A 553573106 4,311 180,000 SH   DFND 1 180,000 0 0
NXP SEMICONDUCTORS N V COM N6596X109 46,746 427,805 SH   DFND 1 427,805 0 0
PNM RES INC COM 69349H107 1,190 30,586 SH   DFND 2 30,586 0 0
PRAXAIR INC COM 74005P104 2,435 15,400 SH   DFND 1 15,400 0 0
QUALITY CARE PPTYS INC COM 747545101 20,151 936,800 SH   DFND 1 936,800 0 0
REGENERON PHARMACEUTICALS COM 75886F107 4,077 11,819 SH   DFND 2 11,819 0 0
RENEWABLE ENERGY GROUP INC COM NEW 75972A301 6,039 338,328 SH   DFND 1 338,328 0 0
ROCKWELL COLLINS INC COM 774341101 12,930 96,003 SH   DFND 1 96,003 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 56,473 1,086,863 SH   DFND 2 1,086,863 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100 1,334 18,647 SH   DFND 2 18,647 0 0
SONIC AUTOMOTIVE INC CL A 83545G102 1,213 58,878 SH   DFND 2 58,878 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 12,035 44,364 SH   DFND 1 44,364 0 0
STAR BULK CARRIERS CORP SHS PAR Y8162K204 12,213 949,699 SH   DFND 1 949,699 0 0
STATE BK FINL CORP COM 856190103 9,239 276,608 SH   DFND 1 276,608 0 0
STRYKER CORP COM 863667101 1,517 8,983 SH   DFND 1 8,983 0 0
TITAN INTL INC ILL COM 88830M102 1,114 103,789 SH   DFND 2 103,789 0 0
TTEC HLDGS INC COM 89854H102 1,228 35,528 SH   DFND 2 35,528 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 4,576 92,080 SH   DFND 2 92,080 0 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 7,960 161,555 SH   DFND 1 161,555 0 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 4,582 92,997 SH   DFND 2 92,997 0 0
UNITEDHEALTH GROUP INC COM 91324P102 3,606 14,698 SH   DFND 2 14,698 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 3,746 74,465 SH   DFND 2 74,465 0 0
XL GROUP LTD COM G98294104 15,703 280,659 SH   DFND 1 280,659 0 0