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 1,620 66,900 SH   DFND 1,2,3 66,900 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 988 6,200 SH   DFND 1,2,3 6,200 0 0
AGNICO EAGLE MINES LTD COM 008474108 426 15,000 SH   DFND 1,2,3 15,000 0 0
AMAZON COM INC COM 023135106 88,858 204,700 SH   DFND 1,2,3 204,700 0 0
AMEDICA CORP COM 023435100 172 300,000 SH   DFND 1,2,3 300,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 42,896 1,074,000 SH   DFND 1,2,3 1,074,000 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 1,007 112,500 SH   DFND 1,2,3 112,500 0 0
ANSYS INC COM 03662Q105 2,865 31,400 SH   DFND 1,2,3 31,400 0 0
APPLE INC COM 037833100 37,605 299,820 SH   DFND 1,2,3 299,820 0 0
AUTOZONE INC COM 053332102 3,134 4,700 SH   DFND 1,2,3 4,700 0 0
BANK AMER CORP COM 060505104 63,995 3,760,000 SH   DFND 1,2,3 3,760,000 0 0
BANK AMER CORP COM 060505104 321 18,850 SH   DFND 2,3 18,850 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 15,771 115,870 SH   DFND 1,2,3 115,870 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 306 2,250 SH   DFND 2,3 2,250 0 0
BLACKROCK INC COM 09247X101 1,453 4,200 SH   DFND 1,2,3 4,200 0 0
CADENCE DESIGN SYSTEM INC COM 127387108 1,848 94,000 SH   DFND 1,2,3 94,000 0 0
CADIZ INC COM NEW 127537207 16,857 1,939,776 SH   DFND 1,2,3 1,939,776 0 0
CELGENE CORP COM 151020104 3,391 29,300 SH   DFND 1,2,3 29,300 0 0
CF INDS HLDGS INC COM 125269100 84,150 1,309,111 SH   DFND 1,2,3 1,309,111 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 1,512 2,500 SH   DFND 1,2,3 2,500 0 0
CIRRUS LOGIC INC COM 172755100 1,702 50,000 SH   DFND 1,2,3 50,000 0 0
CIT GROUP INC COM NEW 125581801 18,599 400,059 SH   DFND 1,2,3 400,059 0 0
CIT GROUP INC COM NEW 125581801 107 2,300 SH   DFND 2,3 2,300 0 0
CITIGROUP INC COM NEW 172967424 48,755 882,596 SH   DFND 1,2,3 882,596 0 0
CITIGROUP INC COM NEW 172967424 127 2,300 SH   DFND 2,3 2,300 0 0
CLEAN ENERGY FUELS CORP COM 184499101 1,012 180,100 SH   DFND 1,2,3 180,100 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 1,588 26,000 SH   DFND 1,2,3 26,000 0 0
CONTROL4 CORP COM 21240D107 12,277 1,381,000 SH   DFND 1,2,3 1,381,000 0 0
CORE LABORATORIES N V COM N22717107 1,654 14,500 SH   DFND 1,2,3 14,500 0 0
COSTCO WHSL CORP NEW COM 22160K105 1,351 10,000 SH   DFND 1,2,3 10,000 0 0
D R HORTON INC COM 23331A109 119,601 4,371,393 SH   DFND 1,2,3 4,371,393 0 0
D R HORTON INC COM 23331A109 293 10,700 SH   DFND 2,3 10,700 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 19,513 475,000 SH   DFND 1,2,3 475,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 181 4,400 SH   DFND 2,3 4,400 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 52,454 1,739,181 SH   DFND 1,2,3 1,739,181 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 15,233 1,960,485 SH   DFND 1,2,3 1,960,485 0 0
DISCOVER FINL SVCS COM 254709108 1,551 26,920 SH   DFND 1,2,3 26,920 0 0
DISNEY WALT CO COM DISNEY 254687106 13,297 116,500 SH   DFND 1,2,3 116,500 0 0
DISNEY WALT CO COM DISNEY 254687106 622 5,450 SH   DFND 2,3 5,450 0 0
DOLLAR TREE INC COM 256746108 3,239 41,000 SH   DFND 1,2,3 41,000 0 0
ELECTRONIC ARTS INC COM 285512109 3,325 50,000 SH   DFND 1,2,3 50,000 0 0
ELECTRONIC ARTS INC COM 285512109 479 7,200 SH   DFND 2,3 7,200 0 0
EOG RES INC COM 26875P101 22,973 262,397 SH   DFND 1,2,3 262,397 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 47,486 1,802,795 SH   DFND 1,2,3 1,802,795 0 0
FACEBOOK INC CL A 30303M102 1,664 19,400 SH   DFND 1,2,3 19,400 0 0
FACTSET RESH SYS INC COM 303075105 1,625 10,000 SH   DFND 1,2,3 10,000 0 0
FIRST AMERN FINL CORP COM 31847R102 55,976 1,504,320 SH   DFND 1,2,3 1,504,320 0 0
FRONTLINE LTD SHS G3682E127 2,144 878,692 SH   DFND 1,2,3 878,692 0 0
GILEAD SCIENCES INC COM 375558103 3,512 30,000 SH   DFND 1,2,3 30,000 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 2,153 46,000 SH   DFND 1,2,3 46,000 0 0
GOLDCORP INC NEW COM 380956409 203 12,500 SH   DFND 2,3 12,500 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 197,623 946,517 SH   DFND 1,2,3 946,517 0 0
HALLIBURTON CO COM 406216101 2,386 55,400 SH   DFND 1,2,3 55,400 0 0
HCA HOLDINGS INC COM 40412C101 2,540 28,000 SH   DFND 1,2,3 28,000 0 0
HEWLETT PACKARD CO COM 428236103 23,903 796,488 SH   DFND 1,2,3 796,488 0 0
HOME DEPOT INC COM 437076102 5,945 53,500 SH   DFND 1,2,3 53,500 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 1,530 14,000 SH   DFND 1,2,3 14,000 0 0
JPMORGAN CHASE & CO COM 46625H100 5,644 83,300 SH   DFND 1,2,3 83,300 0 0
JUNIPER NETWORKS INC COM 48203R104 4,545 175,000 SH   DFND 1,2,3 175,000 0 0
JUNIPER NETWORKS INC COM 48203R104 377 14,500 SH   DFND 2,3 14,500 0 0
KB HOME COM 48666K109 30,959 1,865,000 SH   DFND 1,2,3 1,865,000 0 0
LAUDER ESTEE COS INC CL A 518439104 1,638 18,900 SH   DFND 1,2,3 18,900 0 0
LENNAR CORP CL A 526057104 79,820 1,563,870 SH   DFND 1,2,3 1,563,870 0 0
LINKEDIN CORP COM CL A 53578A108 1,653 8,000 SH   DFND 1,2,3 8,000 0 0
LOUISIANA PAC CORP COM 546347105 64 3,742 SH   DFND 2,3 3,742 0 0
MASTERCARD INC CL A 57636Q104 8,264 88,400 SH   DFND 1,2,3 88,400 0 0
MASTERCARD INC CL A 57636Q104 75 800 SH   DFND 2,3 800 0 0
MICROSOFT CORP COM 594918104 3,296 74,650 SH   DFND 1,2,3 74,650 0 0
MOODYS CORP COM 615369105 1,587 14,700 SH   DFND 1,2,3 14,700 0 0
MSCI INC COM 55354G100 1,533 24,900 SH   DFND 1,2,3 24,900 0 0
NATIONAL BK HLDGS CORP CL A 633707104 3,896 187,048 SH   DFND 1,2,3 187,048 0 0
NEWELL RUBBERMAID INC COM 651229106 7,357 178,968 SH   DFND 1,2,3 178,968 0 0
NIKE INC CL B 654106103 6,805 63,000 SH   DFND 1,2,3 63,000 0 0
NIMBLE STORAGE INC COM 65440R101 15,700 559,500 SH   DFND 1,2,3 559,500 0 0
PACCAR INC COM 693718108 2,444 38,300 SH   DFND 1,2,3 38,300 0 0
PALO ALTO NETWORKS INC COM 697435105 2,621 15,000 SH   DFND 1,2,3 15,000 0 0
PALO ALTO NETWORKS INC COM 697435105 96 550 SH   DFND 2,3 550 0 0
POLYONE CORP COM 73179P106 247 6,300 SH   DFND 2,3 6,300 0 0
PRICELINE GRP INC COM NEW 741503403 1,497 1,300 SH   DFND 1,2,3 1,300 0 0
PULTE GROUP INC COM 745867101 20,222 1,003,560 SH   DFND 1,2,3 1,003,560 0 0
QUANEX BUILDING PRODUCTS COR COM 747619104 61,861 2,886,644 SH   DFND 1,2,3 2,886,644 0 0
REYNOLDS AMERICAN INC COM 761713106 1,844 24,700 SH   DFND 1,2,3 24,700 0 0
RYLAND GROUP INC COM 783764103 45,688 985,292 SH   DFND 1,2,3 985,292 0 0
SCHWAB CHARLES CORP NEW COM 808513105 12,267 375,700 SH   DFND 1,2,3 375,700 0 0
SCHWAB CHARLES CORP NEW COM 808513105 206 6,300 SH   DFND 2,3 6,300 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 3,660 25,000 SH   DFND 1,2,3 25,000 0 0
SIGNET JEWELERS LIMITED SHS G81276100 3,569 27,830 SH   DFND 1,2,3 27,830 0 0
SILVER WHEATON CORP COM 828336107 2,740 158,000 SH   DFND 1,2,3 158,000 0 0
STARBUCKS CORP COM 855244109 1,662 31,000 SH   DFND 1,2,3 31,000 0 0
STOCK BLDG SUPPLY HLDGS INC COM 86101X104 45,982 2,352,000 SH   DFND 1,2,3 2,352,000 0 0
SWIFT TRANSN CO CL A 87074U101 3,557 156,900 SH   DFND 1,2,3 156,900 0 0
TRIPADVISOR INC COM 896945201 3,050 35,000 SH   DFND 1,2,3 35,000 0 0
UNDER ARMOUR INC CL A 904311107 1,627 19,500 SH   DFND 1,2,3 19,500 0 0
UNITED CONTL HLDGS INC COM 910047109 11,609 219,000 SH   DFND 1,2,3 219,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,512 15,600 SH   DFND 1,2,3 15,600 0 0
V F CORP COM 918204108 3,138 45,000 SH   DFND 1,2,3 45,000 0 0
VIMPELCOM LTD SPONSORED ADR 92719A106 919 185,000 SH   DFND 1,2,3 185,000 0 0
VISA INC COM CL A 92826C839 1,578 23,500 SH   DFND 1,2,3 23,500 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 4,791 390,500 SH   DFND 1,2,3 390,500 0 0
WELLS FARGO & CO NEW COM 949746101 184,369 3,278,256 SH   DFND 1,2,3 3,278,256 0 0
WHIRLPOOL CORP COM 963320106 7,493 43,300 SH   DFND 1,2,3 43,300 0 0
WHOLE FOODS MKT INC COM 966837106 1,187 30,100 SH   DFND 1,2,3 30,100 0 0
WINNEBAGO INDS INC COM 974637100 590 25,000 SH   DFND 1,2,3 25,000 0 0
WISDOMTREE INVTS INC COM 97717P104 1,704 77,600 SH   DFND 1,2,3 77,600 0 0
YAHOO INC COM 984332106 19,855 505,334 SH   DFND 1,2,3 505,334 0 0
YUM BRANDS INC COM 988498101 4,756 52,800 SH   DFND 1,2,3 52,800 0 0