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 14,679 475,200 SH   DFND 1,2,3 475,200 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 815 4,300 SH   DFND 1,2,3 4,300 0 0
ALCOA INC COM 013817101 725 75,000 SH   DFND 1,2,3 75,000 0 0
ALCOA INC COM 013817101 326 33,700 SH   DFND 2,3 33,700 0 0
AMAZON COM INC COM 023135106 101,252 197,800 SH   DFND 1,2,3 197,800 0 0
AMAZON COM INC COM 023135106 51 100 SH   DFND 2,3 100 0 0
AMEDICA CORP COM 023435100 108 345,096 SH   DFND 1,2,3 345,096 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 59,883 1,542,180 SH   DFND 1,2,3 1,542,180 0 0
ANALOGIC CORP COM PAR $0.05 032657207 738 9,000 SH   DFND 1,2,3 9,000 0 0
ANSYS INC COM 03662Q105 608 6,900 SH   DFND 1,2,3 6,900 0 0
APPLE INC COM 037833100 8,209 74,420 SH   DFND 1,2,3 74,420 0 0
AUTOZONE INC COM 053332102 4,633 6,400 SH   DFND 1,2,3 6,400 0 0
BANK AMER CORP COM 060505104 33,110 2,125,189 SH   DFND 1,2,3 2,125,189 0 0
BANK AMER CORP COM 060505104 242 15,550 SH   DFND 2,3 15,550 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 15,671 120,177 SH   DFND 1,2,3 120,177 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 293 2,250 SH   DFND 2,3 2,250 0 0
BLACKROCK INC COM 09247X101 1,249 4,200 SH   DFND 1,2,3 4,200 0 0
BRIGGS & STRATTON CORP COM 109043109 1,580 81,800 SH   DFND 1,2,3 81,800 0 0
CADIZ INC COM NEW 127537207 15,229 2,097,633 SH   DFND 1,2,3 2,097,633 0 0
CELGENE CORP COM 151020104 3,169 29,300 SH   DFND 1,2,3 29,300 0 0
CF INDS HLDGS INC COM 125269100 23,367 520,419 SH   DFND 1,2,3 520,419 0 0
CIRRUS LOGIC INC COM 172755100 9,920 314,834 SH   DFND 1,2,3 314,834 0 0
CIRRUS LOGIC INC COM 172755100 28 900 SH   DFND 2,3 900 0 0
CIT GROUP INC COM NEW 125581801 15,159 378,680 SH   DFND 1,2,3 378,680 0 0
CIT GROUP INC COM NEW 125581801 92 2,300 SH   DFND 2,3 2,300 0 0
CITIGROUP INC COM NEW 172967424 12,558 253,142 SH   DFND 1,2,3 253,142 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 3,262 52,100 SH   DFND 1,2,3 52,100 0 0
CONTROL4 CORP COM 21240D107 11,269 1,381,000 SH   DFND 1,2,3 1,381,000 0 0
CORE LABORATORIES N V COM N22717107 2,874 28,800 SH   DFND 1,2,3 28,800 0 0
COSTCO WHSL CORP NEW COM 22160K105 3,383 23,400 SH   DFND 1,2,3 23,400 0 0
CVS HEALTH CORP COM 126650100 1,476 15,300 SH   DFND 1,2,3 15,300 0 0
D R HORTON INC COM 23331A109 103,992 3,541,977 SH   DFND 1,2,3 3,541,977 0 0
D R HORTON INC COM 23331A109 410 13,950 SH   DFND 2,3 13,950 0 0
DANAHER CORP DEL COM 235851102 1,576 18,500 SH   DFND 1,2,3 18,500 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 38,059 848,200 SH   DFND 1,2,3 848,200 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 197 4,400 SH   DFND 2,3 4,400 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 69,526 2,578,855 SH   DFND 1,2,3 2,578,855 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 10,608 1,429,631 SH   DFND 1,2,3 1,429,631 0 0
DISCOVER FINL SVCS COM 254709108 3,084 59,320 SH   DFND 1,2,3 59,320 0 0
DISNEY WALT CO COM DISNEY 254687106 7,461 73,000 SH   DFND 1,2,3 73,000 0 0
DISNEY WALT CO COM DISNEY 254687106 603 5,900 SH   DFND 2,3 5,900 0 0
DOLLAR TREE INC COM 256746108 4,233 63,500 SH   DFND 1,2,3 63,500 0 0
ELECTRONIC ARTS INC COM 285512109 11,843 174,800 SH   DFND 1,2,3 174,800 0 0
EOG RES INC COM 26875P101 10,869 149,300 SH   DFND 1,2,3 149,300 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 31,488 1,192,268 SH   DFND 1,2,3 1,192,268 0 0
EXXON MOBIL CORP COM 30231G102 12,334 165,890 SH   DFND 1,2,3 165,890 0 0
FACEBOOK INC CL A 30303M102 2,967 33,000 SH   DFND 1,2,3 33,000 0 0
FIRST AMERN FINL CORP COM 31847R102 39,727 1,016,810 SH   DFND 1,2,3 1,016,810 0 0
FRONTLINE LTD SHS G3682E127 2,470 918,209 SH   DFND 1,2,3 918,209 0 0
GILEAD SCIENCES INC COM 375558103 4,536 46,200 SH   DFND 1,2,3 46,200 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 753 27,000 SH   DFND 1,2,3 27,000 0 0
GOLDCORP INC NEW COM 380956409 157 12,500 SH   DFND 2,3 12,500 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 78,048 449,174 SH   DFND 1,2,3 449,174 0 0
GOOGLE INC CL A 38259P508 16,498 25,844 SH   DFND 1,2,3 25,844 0 0
GOOGLE INC CL A 38259P508 96 150 SH   DFND 2,3 150 0 0
GOOGLE INC CL C 38259P706 12,108 19,900 SH   DFND 1,2,3 19,900 0 0
HCA HOLDINGS INC COM 40412C101 25 325 SH   DFND 2,3 325 0 0
HOME DEPOT INC COM 437076102 7,749 67,100 SH   DFND 1,2,3 67,100 0 0
HOME DEPOT INC COM 437076102 29 250 SH   DFND 2,3 250 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 2,984 28,900 SH   DFND 1,2,3 28,900 0 0
JUNIPER NETWORKS INC COM 48203R104 6,068 236,000 SH   DFND 1,2,3 236,000 0 0
JUNIPER NETWORKS INC COM 48203R104 401 15,600 SH   DFND 2,3 15,600 0 0
KB HOME COM 48666K109 22,448 1,656,700 SH   DFND 1,2,3 1,656,700 0 0
KNIGHT TRANSN INC COM 499064103 5,338 222,396 SH   DFND 1,2,3 222,396 0 0
LAUDER ESTEE COS INC CL A 518439104 3,308 41,000 SH   DFND 1,2,3 41,000 0 0
LENNAR CORP CL A 526057104 24,784 514,942 SH   DFND 1,2,3 514,942 0 0
LINKEDIN CORP COM CL A 53578A108 3,042 16,000 SH   DFND 1,2,3 16,000 0 0
LOUISIANA PAC CORP COM 546347105 53 3,742 SH   DFND 2,3 3,742 0 0
MASTERCARD INC CL A 57636Q104 7,417 82,300 SH   DFND 1,2,3 82,300 0 0
MASTERCARD INC CL A 57636Q104 117 1,300 SH   DFND 2,3 1,300 0 0
MICROSOFT CORP COM 594918104 3,304 74,650 SH   DFND 1,2,3 74,650 0 0
MOLSON COORS BREWING CO CL B 60871R209 1,453 17,500 SH   DFND 1,2,3 17,500 0 0
MOODYS CORP COM 615369105 1,444 14,700 SH   DFND 1,2,3 14,700 0 0
NATIONAL BK HLDGS CORP CL A 633707104 5,901 287,441 SH   DFND 1,2,3 287,441 0 0
NEWELL RUBBERMAID INC COM 651229106 7,378 185,806 SH   DFND 1,2,3 185,806 0 0
NIKE INC CL B 654106103 3,074 25,000 SH   DFND 1,2,3 25,000 0 0
NIKE INC CL B 654106103 43 350 SH   DFND 2,3 350 0 0
NIMBLE STORAGE INC COM 65440R101 13,537 561,253 SH   DFND 1,2,3 561,253 0 0
NIMBLE STORAGE INC COM 65440R101 27 1,100 SH   DFND 2,3 1,100 0 0
PALO ALTO NETWORKS INC COM 697435105 95 550 SH   DFND 2,3 550 0 0
PATTERSON UTI ENERGY INC COM 703481101 4,483 341,200 SH   DFND 1,2,3 341,200 0 0
PIONEER NAT RES CO COM 723787107 6,118 50,300 SH   DFND 1,2,3 50,300 0 0
POLYONE CORP COM 73179P106 185 6,300 SH   DFND 2,3 6,300 0 0
PRICELINE GRP INC COM NEW 741503403 4,205 3,400 SH   DFND 1,2,3 3,400 0 0
PULTE GROUP INC COM 745867101 18,960 1,004,756 SH   DFND 1,2,3 1,004,756 0 0
QUANEX BUILDING PRODUCTS COR COM 747619104 37,402 2,058,431 SH   DFND 1,2,3 2,058,431 0 0
REYNOLDS AMERICAN INC COM 761713106 23,822 538,096 SH   DFND 1,2,3 538,096 0 0
RYLAND GROUP INC COM 783764103 42,424 1,039,037 SH   DFND 1,2,3 1,039,037 0 0
SCHWAB CHARLES CORP NEW COM 808513105 7,160 250,700 SH   DFND 1,2,3 250,700 0 0
SCHWAB CHARLES CORP NEW COM 808513105 204 7,150 SH   DFND 2,3 7,150 0 0
SILVER WHEATON CORP COM 828336107 3,003 250,000 SH   DFND 1,2,3 250,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 3,123 17,000 SH   DFND 1,2,3 17,000 0 0
SMUCKER J M CO COM NEW 832696405 1,517 13,300 SH   DFND 1,2,3 13,300 0 0
SOLARCITY CORP COM 83416T100 1,435 33,600 SH   DFND 1,2,3 33,600 0 0
SOUTHWEST AIRLS CO COM 844741108 45,747 1,202,600 SH   DFND 1,2,3 1,202,600 0 0
STARBUCKS CORP COM 855244109 3,499 61,550 SH   DFND 1,2,3 61,550 0 0
STOCK BLDG SUPPLY HLDGS INC COM 86101X104 41,419 2,352,000 SH   DFND 1,2,3 2,352,000 0 0
SWIFT TRANSN CO CL A 87074U101 1,580 105,212 SH   DFND 1,2,3 105,212 0 0
TRIPADVISOR INC COM 896945201 2,521 40,000 SH   DFND 1,2,3 40,000 0 0
UNITED CONTL HLDGS INC COM 910047109 6,249 117,800 SH   DFND 1,2,3 117,800 0 0
UNITED PARCEL SERVICE INC CL B 911312106 3,257 33,000 SH   DFND 1,2,3 33,000 0 0
UNITED RENTALS INC COM 911363109 12,035 200,422 SH   DFND 1,2,3 200,422 0 0
V F CORP COM 918204108 3,069 45,000 SH   DFND 1,2,3 45,000 0 0
VIMPELCOM LTD SPONSORED ADR 92719A106 391 95,000 SH   DFND 1,2,3 95,000 0 0
VISA INC COM CL A 92826C839 3,170 45,500 SH   DFND 1,2,3 45,500 0 0
WELLS FARGO & CO NEW COM 949746101 53,984 1,051,294 SH   DFND 1,2,3 1,051,294 0 0
WHIRLPOOL CORP COM 963320106 1,546 10,500 SH   DFND 1,2,3 10,500 0 0