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
CBRE Group Inc. CL A 12504L10 41,138 1,285,574 SH   DFND 1, 2 0 0 1,285,574
Clear Channel Outdoor Holdings CL A 18451C109 2,059 288,805 SH   DFND 1, 2 0 0 288,805
Franklin Resources Inc. COM 354613101 81,938 2,199,088 SH   DFND 1, 2 0 2,199,088 0
PPG Industries Inc. COM 693506107 77,552 884,390 SH   DFND 1, 2 0 884,390 0