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 20,390 1,223,900 SH   DFND 1,2,3 1,223,900 0 0
ALTRIA GROUP INC COM 02209S103 2,303 60,000 SH   DFND 2,3 60,000 0 0
AMAZON COM INC COM 023135106 1,994 5,000 SH   DFND 2,3 5,000 0 0
ANADARKO PETE CORP COM 032511107 9,865 124,372 SH   DFND 1,2,3 124,372 0 0
APPLE INC COM 037833100 2,749 4,900 SH   DFND 1,2,3 4,900 0 0
APPLE INC COM 037833100 2,440 4,350 SH   DFND 2,3 4,350 0 0
AUTOZONE INC COM 053332102 574 1,200 SH   DFND 1,2,3 1,200 0 0
AVIS BUDGET GROUP COM 053774105 103,937 2,571,437 SH   DFND 1,2,3 2,571,437 0 0
BANK OF AMERICA CORPORATION COM 060505104 96,219 6,179,782 SH   DFND 1,2,3 6,179,782 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 75,994 640,975 SH   DFND 1,2,3 640,975 0 0
BEST BUY INC COM 086516101 78,327 1,964,067 SH   DFND 1,2,3 1,964,067 0 0
BRIGGS & STRATTON CORP COM 109043109 30,906 1,420,290 SH   DFND 1,2,3 1,420,290 0 0
CADIZ INC COM NEW 127537207 6,840 982,700 SH   DFND 1,2,3 982,700 0 0
CF INDS HLDGS INC COM 125269100 217,082 931,524 SH   DFND 1,2,3 931,524 0 0
CIT GROUP INC COM NEW 125581801 104,211 1,999,052 SH   DFND 1,2,3 1,999,052 0 0
CITIGROUP INC COM NEW 172967424 74,003 1,420,132 SH   DFND 1,2,3 1,420,132 0 0
CITIGROUP INC COM NEW 172967424 5,211 100,000 SH   DFND 2,3 100,000 0 0
D R HORTON INC COM 23331A109 294,049 13,174,252 SH   DFND 1,2,3 13,174,252 0 0
D R HORTON INC COM 23331A109 4,464 200,000 SH   DFND 2,3 200,000 0 0
DANA HLDG CORP COM 235825205 122,943 6,266,219 SH   DFND 1,2,3 6,266,219 0 0
DANA HLDG CORP COM 235825205 2,338 119,160 SH   DFND 2,3 119,160 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 363,465 13,231,336 SH   DFND 1,2,3 13,231,336 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 9,346 340,230 SH   DFND 2,3 340,230 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 7,389 153,169 SH   DFND 1,2,3 153,169 0 0
DISCOVER FINL SVCS COM 254709108 19,582 350,000 SH   DFND 1,2,3 350,000 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 62,228 2,045,632 SH   DFND 1,2,3 2,045,632 0 0
FIRST AMERN FINL CORP COM 31847R102 37,439 1,327,637 SH   DFND 1,2,3 1,327,637 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 7,277 256,500 SH   DFND 1,2,3 256,500 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 81,128 5,257,817 SH   DFND 1,2,3 5,257,817 0 0
FX ENERGY INC COM 302695101 1,215 331,886 SH   DFND 1,2,3 331,886 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 34,566 195,000 SH   DFND 1,2,3 195,000 0 0
GOODRICH PETE CORP COM NEW 382410405 37,827 2,222,485 SH   DFND 1,2,3 2,222,485 0 0
GOOGLE INC CL A 38259P508 221,564 197,700 SH   DFND 1,2,3 197,700 0 0
GOOGLE INC CL A 38259P508 6,724 6,000 SH   DFND 2,3 6,000 0 0
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 172 16,500 SH   DFND 1,2,3 16,500 0 0
ICICI BK LTD ADR 45104G104 249 6,700 SH   DFND 1,2,3 6,700 0 0
IPG PHOTONICS CORP COM 44980X109 2,724 35,100 SH   DFND 1,2,3 35,100 0 0
IPG PHOTONICS CORP COM 44980X109 4,657 60,000 SH   DFND 2,3 60,000 0 0
ISHARES CHINA LG-CAP ETF 464287184 4,002 104,300 SH   DFND 1,2,3 104,300 0 0
JARDEN CORP COM 471109108 60,934 993,213 SH   DFND 1,2,3 993,213 0 0
JARDEN CORP COM 471109108 2,147 35,000 SH   DFND 2,3 35,000 0 0
JPMORGAN CHASE & CO COM 46625H100 155,639 2,661,406 SH   DFND 1,2,3 2,661,406 0 0
KB HOME KB HOME 48666K109 86,068 4,708,310 SH   DFND 1,2,3 4,708,310 0 0
LAS VEGAS SANDS CORP COM 517834107 7,887 100,000 SH   DFND 2,3 100,000 0 0
LENNAR CORP CL A 526057104 42,904 1,084,534 SH   DFND 1,2,3 1,084,534 0 0
LOUISIANA PAC CORP COM 546347105 20,012 1,081,155 SH   DFND 1,2,3 1,081,155 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 164,718 2,051,798 SH   DFND 1,2,3 2,051,798 0 0
MASCO CORP COM 574599106 34,406 1,511,031 SH   DFND 1,2,3 1,511,031 0 0
MASTERCARD INC CL A 57636Q104 209 250 SH   DFND 1,2,3 250 0 0
MASTERCARD INC CL A 57636Q104 4,177 5,000 SH   DFND 2,3 5,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 1,999 85,000 SH   DFND 2,3 85,000 0 0
MICRON TECHNOLOGY INC COM 595112103 7,765 357,000 SH   DFND 1,2,3 357,000 0 0
MONSTER BEVERAGE CORP COM 611740101 2,773 40,923 SH   DFND 1,2,3 40,923 0 0
NATIONAL BK HLDGS CORP CL A 633707104 4,081 190,705 SH   DFND 1,2,3 190,705 0 0
NAVISTAR INTL CORP NEW COM 63934E108 100,148 2,622,373 SH   DFND 1,2,3 2,622,373 0 0
NEWELL RUBBERMAID INC COM 651229106 11,942 368,460 SH   DFND 1,2,3 368,460 0 0
NVR INC COM 62944T105 5,872 5,723 SH   DFND 1,2,3 5,723 0 0
OWENS ILL INC COM NEW 690768403 10,230 285,912 SH   DFND 1,2,3 285,912 0 0
PACCAR INC COM 693718108 165,931 2,804,310 SH   DFND 1,2,3 2,804,310 0 0
PIONEER NAT RES CO COM 723787107 86,809 471,611 SH   DFND 1,2,3 471,611 0 0
PLATINUM GROUP METALS LTD COM NEW 72765Q205 1,492 1,275,000 SH   DFND 1,2,3 1,275,000 0 0
POLYONE CORP COM 73179P106 84,461 2,389,275 SH   DFND 1,2,3 2,389,275 0 0
POLYONE CORP COM 73179P106 4,419 125,000 SH   DFND 2,3 125,000 0 0
PULTE GROUP INC COM 745867101 165,414 8,120,474 SH   DFND 1,2,3 8,120,474 0 0
QUALCOMM INC COM 747525103 1,782 24,000 SH   DFND 2,3 24,000 0 0
QUANEX BUILDING PRODUCTS COR COM 747619104 91,783 4,607,564 SH   DFND 1,2,3 4,607,564 0 0
RYANAIR HLDGS PLC SPONSORED ADR 783513104 5,759 122,725 SH   DFND 1,2,3 122,725 0 0
RYLAND GROUP INC COM 783764103 192,316 4,430,234 SH   DFND 1,2,3 4,430,234 0 0
SANCHEZ ENERGY CORP COM 79970Y105 59,848 2,441,761 SH   DFND 1,2,3 2,441,761 0 0
SIGNET JEWELERS LIMITED SHS G81276100 315,545 4,009,470 SH   DFND 1,2,3 4,009,470 0 0
SIGNET JEWELERS LIMITED SHS G81276100 2,278 28,940 SH   DFND 2,3 28,940 0 0
STOCK BLDG SUPPLY HLDGS INC COM 86101X104 4,846 265,970 SH   DFND 1,2,3 265,970 0 0
SWIFT TRANSN CO CL A 87074U101 167,644 7,548,143 SH   DFND 1,2,3 7,548,143 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 9,212 75,558 SH   DFND 1,2,3 75,558 0 0
UBS AG SHS NEW H89231338 3,080 159,989 SH   DFND 1,2,3 159,989 0 0
UNITED CONTL HLDGS INC COM 910047109 44,378 1,173,100 SH   DFND 1,2,3 1,173,100 0 0
UNITED RENTALS INC COM 911363109 101,963 1,308,057 SH   DFND 1,2,3 1,308,057 0 0
VALERO ENERGY CORP NEW COM 91913Y100 2,016 40,000 SH   DFND 1,2,3 40,000 0 0
VEECO INSTRS INC DEL COM 922417100 1,253 38,072 SH   DFND 1,2,3 38,072 0 0
WELLS FARGO & CO NEW COM 949746101 172,113 3,791,025 SH   DFND 1,2,3 3,791,025 0 0
WHIRLPOOL CORP COM 963320106 257,846 1,643,799 SH   DFND 1,2,3 1,643,799 0 0
XILINX INC COM 983919101 6,088 132,587 SH   DFND 1,2,3 132,587 0 0
YAHOO INC COM 984332106 3,235 80,000 SH   DFND 2,3 80,000 0 0