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
AMPCO-PITTSBURGH CORP COM 032037103 1,674 135,000 SH   DFND 01,02 135,000 0 0
ARGAN INC COM 04010E109 3,371 75,000 SH   DFND 01,02 75,000 0 0
BERKSHIRE HATHAWAY INC CL A 084670108 2,085 7 SH   DFND 01,02 7 0 0
BERKSHIRE HATHAWAY INC CL B NEW 084670702 1,589 8,000 SH   DFND 01,02 8,000 0 0
BLACKBERRY LTD COM 09228F103 522,234 46,724,700 SH   DFND 01,02 46,724,700 0 0
CARBO CERAMICS INC COM 140781105 3,054 300,000 SH   DFND 01,02 300,000 0 0
CARLISLE COS INC COM 142339100 216 1,900 SH   DFND 01,02 1,900 0 0
CENTENNIAL RESOURCE DEV INC CL A 15136A102 1,584 80,000 SH   DFND 01,02 80,000 0 0
CENTURYLINK INC COM 156700106 23,769 1,425,000 SH   DFND 01,02 1,425,000 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 13,710 850,000 SH   DFND 01,02 850,000 0 0
CRAY INC COM NEW 225223304 6,050 250,000 SH   DFND 01,02 250,000 0 0
CSX CORP COM 126408103 825 15,000 SH   DFND 01,02 15,000 0 0
DESTINATION MATERNITY CORP COM 25065D100 207 70,000 SH   DFND 01,02 70,000 0 0
ENSCO PLC SHS CLASS A G3157S106 83 14,080 SH   DFND 01,02 14,080 0 0
FLUOR CORP COM 343412102 1,343 26,000 SH   DFND 01,02 26,000 0 0
FREIGHTCAR AMER INC COM 357023100 2,559 150,000 SH   DFND 01,02 150,000 0 0
GENERAL DYNAMICS CORP COM 369550108 305 1,500 SH   DFND 01,02 1,500 0 0
HELMERICH & PAYNE INC COM 423452101 22,626 349,974 SH   DFND 01,02 349,974 0 0
INTL BUSINESS MACHS CORP COM 459200101 40,764 265,700 SH   DFND 01,02 265,700 0 0
INTREPID POTASH INC COM 46121Y102 79,167 16,666,667 SH   DFND 01,02 16,666,667 0 0
JACOBS ENGINEERING GROUP INC COM 469814107 2,308 35,000 SH   DFND 01,02 35,000 0 0
JOHNSON & JOHNSON COM 478160104 21,151 151,250 SH   DFND 01,02 151,250 0 0
K12 INC COM 48273U102 526 33,133 SH   DFND 01,02 33,133 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 213,785 12,321,921 SH   DFND 01,02 12,321,921 0 0
KULICKE & SOFFA INDS INC COM 501242101 2,336 96,000 SH   DFND 01,02 96,000 0 0
LEUCADIA NATL CORP COM 527288104 2,649 100,000 SH   DFND 01,02 100,000 0 0
MONSANTO CO NEW COM 61166W101 724 6,200 SH   DFND 01,02 6,200 0 0
MYR GROUP INC COM 55405W104 2,856 80,000 SH   DFND 01,02 80,000 0 0
NATIONAL OILWELL VARCO INC COM 637071101 231 6,400 SH   DFND 01,02 6,400 0 0
NETEASE INC SPONSORED ADR 64110W102 2,243 6,500 SH   DFND 01,02 6,500 0 0
NORTHWEST PIPE CO COM 667746101 3,445 180,000 SH   DFND 01,02 180,000 0 0
PENGROWTH ENERGY CORP COM 70706P104 2,554 3,200,000 SH   DFND 01,02 3,200,000 0 0
PFIZER INC COM 717081103 7,612 210,000 SH   DFND 01,02 210,000 0 0
POSCO SPONSORED ADR 693483109 14,990 191,879 SH   DFND 01,02 191,879 0 0
RESOLUTE FST PRODS INC COM 76117W109 336,030 30,548,190 SH   DFND 01,02 30,548,190 0 0
RPX CORP COM 74972G103 5,376 400,000 SH   DFND 01,02 400,000 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 2,059 15,000 SH   DFND 01,02 15,000 0 0
STRATASYS LTD SHS M85548101 1,796 90,000 SH   DFND 01,02 90,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 1,150 29,000 SH   DFND 01,02 29,000 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 255 1,344 SH   DFND 01,02 1,344 0 0
TURQUOISE HILL RES LTD COM 900435108 3,934 1,150,400 SH   DFND 01,02 1,150,400 0 0
U S G CORP COM NEW 903293405 59,017 1,530,522 SH   DFND 01,02 1,530,522 0 0
US BANCORP DEL COM NEW 902973304 1,244 23,200 SH   DFND 01,02 23,200 0 0
WELLS FARGO CO NEW COM 949746101 2,782 45,800 SH   DFND 01,02 45,800 0 0