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
ALON USA PARTNERS LP UT LTDPART INT 02052T109 21,658 1,300,000 SH   DFND 1,2,3 1,300,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 32,406 885,405 SH   DFND 1,2,3 885,405 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 8,745 523,311 SH   DFND 1,2,3 523,311 0 0
APOLLO ED GROUP INC CL A 037604105 30,291 884,660 SH   DFND 1,2,3 884,660 0 0
AUTOZONE INC COM 053332102 859 1,600 SH   DFND 1,2,3 1,600 0 0
AVIS BUDGET GROUP COM 053774105 153,363 3,149,146 SH   DFND 1,2,3 3,149,146 0 0
BANK OF AMERICA CORPORATION COM 060505104 197,320 11,472,083 SH   DFND 1,2,3 11,472,083 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 83,218 665,900 SH   DFND 1,2,3 665,900 0 0
BEST BUY INC COM 086516101 15,013 568,476 SH   DFND 1,2,3 568,476 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 437 38,000 SH   DFND 1,2,3 38,000 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 399 12,000 SH   DFND 1,2,3 12,000 0 0
BRIGGS & STRATTON CORP COM 109043109 30,936 1,390,388 SH   DFND 1,2,3 1,390,388 0 0
BRIGGS & STRATTON CORP COM 109043109 4,450 200,000 SH   DFND 2,3 200,000 0 0
CADIZ INC COM NEW 127537207 6,928 982,700 SH   DFND 1,2,3 982,700 0 0
CF INDS HLDGS INC COM 125269100 227,962 874,625 SH   DFND 1,2,3 874,625 0 0
CIT GROUP INC COM NEW 125581801 40,387 823,886 SH   DFND 1,2,3 823,886 0 0
CITIGROUP INC COM NEW 172967424 2,142 45,000 SH   DFND 2,3 45,000 0 0
COMCAST CORP NEW CL A 20030N101 901 18,000 SH   DFND 1,2,3 18,000 0 0
CUMMINS INC COM 231021106 13,990 93,900 SH   DFND 1,2,3 93,900 0 0
D R HORTON INC COM 23331A109 317,398 14,660,403 SH   DFND 1,2,3 14,660,403 0 0
DANA HLDG CORP COM 235825205 80,414 3,455,695 SH   DFND 1,2,3 3,455,695 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 420,659 12,140,225 SH   DFND 1,2,3 12,140,225 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 5,197 150,000 SH   DFND 2,3 150,000 0 0
DISCOVER FINL SVCS COM 254709108 21,879 376,000 SH   DFND 1,2,3 376,000 0 0
EAGLE MATERIALS INC COM 26969P108 45,617 514,516 SH   DFND 1,2,3 514,516 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 64,914 2,550,632 SH   DFND 1,2,3 2,550,632 0 0
EXXON MOBIL CORP COM 30231G102 4,103 42,000 SH   DFND 2,3 42,000 0 0
FIRST AMERN FINL CORP COM 31847R102 61,629 2,321,242 SH   DFND 1,2,3 2,321,242 0 0
FRANCO NEVADA CORP COM 351858105 1,834 40,000 SH   DFND 2,3 40,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 38,996 238,000 SH   DFND 1,2,3 238,000 0 0
GOODRICH PETE CORP COM NEW 382410405 42,536 2,688,740 SH   DFND 1,2,3 2,688,740 0 0
GOOGLE INC CL A 38259P508 166,101 149,035 SH   DFND 1,2,3 149,035 0 0
GOOGLE INC CL A 38259P508 8,916 8,000 SH   DFND 2,3 8,000 0 0
HEWLETT PACKARD CO COM 428236103 971 30,000 SH   DFND 1,2,3 30,000 0 0
IPG PHOTONICS CORP COM 44980X109 7,534 106,000 SH   DFND 1,2,3 106,000 0 0
JARDEN CORP COM 471109108 22,522 376,429 SH   DFND 1,2,3 376,429 0 0
JARDEN CORP COM 471109108 3,590 60,000 SH   DFND 2,3 60,000 0 0
KB HOME COM 48666K109 57,275 3,371,110 SH   DFND 1,2,3 3,371,110 0 0
KNIGHT TRANSN INC COM 499064103 36,407 1,574,037 SH   DFND 1,2,3 1,574,037 0 0
LAS VEGAS SANDS CORP COM 517834107 8,078 100,000 SH   DFND 2,3 100,000 0 0
LENNAR CORP CL A 526057104 56,233 1,419,307 SH   DFND 1,2,3 1,419,307 0 0
LOUISIANA PAC CORP COM 546347105 27,102 1,606,496 SH   DFND 1,2,3 1,606,496 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 196,204 2,206,023 SH   DFND 1,2,3 2,206,023 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 3,558 40,000 SH   DFND 2,3 40,000 0 0
MARTIN MARIETTA MATLS INC COM 573284106 43,105 335,840 SH   DFND 1,2,3 335,840 0 0
MASCO CORP COM 574599106 32,945 1,483,328 SH   DFND 1,2,3 1,483,328 0 0
MASTERCARD INC CL A 57636Q104 120 1,600 SH   DFND 1,2,3 1,600 0 0
MASTERCARD INC CL A 57636Q104 3,735 50,000 SH   DFND 2,3 50,000 0 0
METHANEX CORP COM 59151K108 1,624 25,400 SH   DFND 1,2,3 25,400 0 0
MGM RESORTS INTERNATIONAL COM 552953101 3,879 150,000 SH   DFND 2,3 150,000 0 0
MICRON TECHNOLOGY INC COM 595112103 8,323 351,758 SH   DFND 1,2,3 351,758 0 0
MICROSOFT CORP COM 594918104 451 11,000 SH   DFND 1,2,3 11,000 0 0
MONSTER BEVERAGE CORP COM 611740101 2,695 38,803 SH   DFND 1,2,3 38,803 0 0
NATIONAL BK HLDGS CORP CL A 633707104 3,827 190,705 SH   DFND 1,2,3 190,705 0 0
NAVISTAR INTL CORP NEW COM 63934E108 59,901 1,768,553 SH   DFND 1,2,3 1,768,553 0 0
NEWELL RUBBERMAID INC COM 651229106 5,449 182,241 SH   DFND 1,2,3 182,241 0 0
NVR INC COM 62944T105 6,483 5,652 SH   DFND 1,2,3 5,652 0 0
PACCAR INC COM 693718108 322,521 4,782,334 SH   DFND 1,2,3 4,782,334 0 0
PACCAR INC COM 693718108 3,372 50,000 SH   DFND 2,3 50,000 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 421 32,000 SH   DFND 1,2,3 32,000 0 0
PIONEER NAT RES CO COM 723787107 43,973 234,974 SH   DFND 1,2,3 234,974 0 0
PLATINUM GROUP METALS LTD COM NEW 72765Q205 1,282 1,275,000 SH   DFND 1,2,3 1,275,000 0 0
POLYONE CORP COM 73179P106 66,326 1,809,227 SH   DFND 1,2,3 1,809,227 0 0
POLYONE CORP COM 73179P106 1,833 50,000 SH   DFND 2,3 50,000 0 0
PULTE GROUP INC COM 745867101 148,685 7,748,040 SH   DFND 1,2,3 7,748,040 0 0
QUANEX BUILDING PRODUCTS COR COM 747619104 84,478 4,085,000 SH   DFND 1,2,3 4,085,000 0 0
ROCKET FUEL INC COM 773111109 343 8,000 SH   DFND 1,2,3 8,000 0 0
RYANAIR HLDGS PLC SPONSORED ADR 783513104 7,047 119,832 SH   DFND 1,2,3 119,832 0 0
RYLAND GROUP INC COM 783764103 185,414 4,643,464 SH   DFND 1,2,3 4,643,464 0 0
SAFE BULKERS INC COM Y7388L103 819 86,000 SH   DFND 1,2,3 86,000 0 0
SANCHEZ ENERGY CORP COM 79970Y105 71,090 2,399,274 SH   DFND 1,2,3 2,399,274 0 0
SIBANYE GOLD LTD SPONSORED ADR 825724206 3,037 364,545 SH   DFND 1,2,3 364,545 0 0
SIBANYE GOLD LTD SPONSORED ADR 825724206 1,249 150,000 SH   DFND 2,3 150,000 0 0
SIGNET JEWELERS LIMITED SHS G81276100 267,690 2,528,719 SH   DFND 1,2,3 2,528,719 0 0
SIGNET JEWELERS LIMITED SHS G81276100 4,234 40,000 SH   DFND 2,3 40,000 0 0
SILVER WHEATON CORP COM 828336107 145 6,400 SH   DFND 1,2,3 6,400 0 0
STATE STR CORP COM 857477103 4,910 70,600 SH   DFND 1,2,3 70,600 0 0
STOCK BLDG SUPPLY HLDGS INC COM 86101X104 24,521 1,206,764 SH   DFND 1,2,3 1,206,764 0 0
SWIFT TRANSN CO CL A 87074U101 90,429 3,653,700 SH   DFND 1,2,3 3,653,700 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 6,695 59,300 SH   DFND 1,2,3 59,300 0 0
UNITED CONTL HLDGS INC COM 910047109 24,814 556,000 SH   DFND 1,2,3 556,000 0 0
UNITED RENTALS INC COM 911363109 97,892 1,031,093 SH   DFND 1,2,3 1,031,093 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 23,024 484,005 SH   DFND 1,2,3 484,005 0 0
WELLPOINT INC COM 94973V107 4,978 50,000 SH   DFND 2,3 50,000 0 0
WELLS FARGO & CO NEW COM 949746101 142,072 2,856,285 SH   DFND 1,2,3 2,856,285 0 0
WHIRLPOOL CORP COM 963320106 197,219 1,319,545 SH   DFND 1,2,3 1,319,545 0 0