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 765 254,119 SH   DFND 01,02 254,119 0 0
ARGAN INC COM 04010E109 3,452 86,000 SH   DFND 01,02 86,000 0 0
BANK N S HALIFAX COM 064149107 13,955 247,100 SH   DFND 01,02 247,100 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 340 1 SH   DFND 01,02 1 0 0
BLACKBERRY LTD COM 09228F103 300,006 46,724,700 SH   DFND 01,02 46,724,700 0 0
BLACKBERRY LTD DEBT 3.750% C10268AC1 506,362 500,000,000 PRN   DFND 01,02 500,000,000 0 0
CENTURYLINK INC COM 156700106 31,164 2,359,100 SH   DFND 01,02 2,359,100 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107 1,944 25,000 SH   DFND 01,02 25,000 0 0
CULP INC COM 230215105 736 54,000 SH   DFND 01,02 54,000 0 0
CVS HEALTH CORP COM 126650100 1,968 26,500 SH   DFND 01,02 26,500 0 0
DELEK US HLDGS INC COM 24665A103 1,676 50,000 SH   DFND 01,02 50,000 0 0
DIAMOND S SHIPPING INC COM Y20676105 17,269 1,034,681 SH   DFND 01,02 1,034,681 0 0
DINE BRANDS GLOBAL INC COM 254423106 1,670 20,000 SH   DFND 01,02 20,000 0 0
FITBIT INC CL A 33812L102 14,126 2,150,000 SH   DFND 01,02 2,150,000 0 0
FREIGHTCAR AMER INC COM 357023100 923 450,000 SH   DFND 01,02 450,000 0 0
GARRETT MOTION INC COM 366505105 1,097 110,000 SH   DFND 01,02 110,000 0 0
GENERAL ELECTRIC CO COM 369604103 15,522 1,390,900 SH   DFND 01,02 1,390,900 0 0
GENERAL MTRS CO COM 37045V100 13,760 375,965 SH   DFND 01,02 375,965 0 0
HELMERICH & PAYNE INC COM 423452101 10,281 226,400 SH   DFND 01,02 226,400 0 0
JACOBS ENGR GROUP INC COM 469814107 2,875 32,000 SH   DFND 01,02 32,000 0 0
JOHNSON & JOHNSON COM 478160104 21,401 146,800 SH   DFND 01,02 146,800 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 296,681 13,322,009 SH   DFND 01,02 13,322,009 0 0
KKR & CO INC CL A 48251W104 1,924 66,000 SH   DFND 01,02 66,000 0 0
KULICKE & SOFFA INDS INC COM 501242101 3,532 130,000 SH   DFND 01,02 130,000 0 0
LORAL SPACE & COMMUNICATIONS INC COM 543881106 1,696 52,500 SH   DFND 01,02 52,500 0 0
MADISON SQUARE GARDEN CO CL A 55825T103 2,352 8,000 SH   DFND 01,02 8,000 0 0
MASTERCRAFT BOAT HLDGS INC COM 57637H103 8,381 532,457 SH   DFND 01,02 532,457 0 0
MCDERMOTT INTL INC COM 580037703 441 655,400 SH   DFND 01,02 655,400 0 0
MICRON TECHNOLOGY INC COM 595112103 17,472 325,000 SH   DFND 01,02 325,000 0 0
MIDDLEBY CORP COM 596278101 810 7,400 SH   DFND 01,02 7,400 0 0
NETEASE INC SPONSORED ADS 64110W102 2,453 8,000 SH   DFND 01,02 8,000 0 0
NORTHWEST PIPE CO COM 667746101 2,826 85,000 SH   DFND 01,02 85,000 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 846 87,000 SH   DFND 01,02 87,000 0 0
PACIFIC BIOSCIENCES CALIF INC COM 69404D108 822 160,000 SH   DFND 01,02 160,000 0 0
PENN NATL GAMING INC COM 707569109 1,661 65,000 SH   DFND 01,02 65,000 0 0
RESOLUTE FST PRODS INC COM 76117W109 128,302 30,548,190 SH   DFND 01,02 30,548,190 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 2,361 37,000 SH   DFND 01,02 37,000 0 0
SEASPAN CORP SHS Y75638109 1,095,601 77,155,000 SH   DFND 01,02 77,155,000 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 3,470 25,400 SH   DFND 01,02 25,400 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 3,120 53,700 SH   DFND 01,02 53,700 0 0
TRANSALTA CORP COM 89346D107 1,530 215,000 SH   DFND 01,02 215,000 0 0
U S SILICA HLDGS INC COM 90346E103 1,322 215,000 SH   DFND 01,02 215,000 0 0