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
ALPHABET INC CAP STK CL A 02079K305 40,820 16,731 SH   DFND 01,02 16,731 0 0
ARGAN INC COM 04010E109 1,315 27,500 SH   DFND 01,02 27,500 0 0
ATLAS CORP SHARES Y0436Q109 1,423,043 99,932,826 SH   DFND 01,02 99,932,826 0 0
BANK NOVA SCOTIA COM 064149107 16,083 247,100 SH   DFND 01,02 247,100 0 0
BERKSHIRE HATHAWAY INC CL A 084670108 418 1 SH   DFND 01,02 1 0 0
BLACKBERRY LTD COM 09228F103 570,976 46,724,700 SH   DFND 01,02 46,724,700 0 0
BOOKING HOLDINGS INC COM 09857L108 7,651 3,500 SH   DFND 01,02 3,500 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 2,550 50,000 SH   DFND 01,02 50,000 0 0
BROOKFIELD ASSET MGMT REINS CL A EXCH LT VTG G16169107 18 343 SH   DFND 01,02 343 0 0
CHANGE HEALTHCARE INC COM 15912K100 805 35,000 SH   DFND 01,02 35,000 0 0
CHEVRON CORP COM 166764100 16,312 155,800 SH   DFND 01,02 155,800 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107 2,789 25,000 SH   DFND 01,02 25,000 0 0
CRESCENT CAPITAL BDC INC COM 225655109 70,800 3,796,246 SH   DFND 01,02 3,796,246 0 0
CVS HEALTH CORP COM 126650100 2,211 26,500 SH   DFND 01,02 26,500 0 0
DARLING INGREDIENTS INC COM 237266101 1,094 16,200 SH   DFND 01,02 16,200 0 0
DELEK US HOLDINGS INC COM 24665A103 1,513 70,000 SH   DFND 01,02 70,000 0 0
DENNY'S CORP COM 24869P104 2,061 125,000 SH   DFND 01,02 125,000 0 0
DIAMOND S SHIPPING INC COM Y20676105 10,316 1,034,681 SH   DFND 01,02 1,034,681 0 0
DINE BRANDS GLOBAL INC COM 254423106 2,272 25,500 SH   DFND 01,02 25,500 0 0
FACEBOOK INC CL A 30303M102 487 1,400 SH   DFND 01,02 1,400 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 1,738 40,000 SH   DFND 01,02 40,000 0 0
FRANKLIN RESOURCES INC COM 354613101 31,980 1,000,000 SH   DFND 01,02 1,000,000 0 0
GARRETT MOTION INC COM 366505105 874 109,900 SH   DFND 01,02 109,900 0 0
GENERAL ELECTRIC CO COM 369604103 18,722 1,390,900 SH   DFND 01,02 1,390,900 0 0
GENERAL MTRS CO COM 37045V100 22,246 375,965 SH   DFND 01,02 375,965 0 0
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 1,328 20,000 SH   DFND 01,02 20,000 0 0
H&R BLOCK INC COM 093671105 18,093 770,894 SH   DFND 01,02 770,894 0 0
HELMERICH & PAYNE INC COM 423452101 18,108 555,105 SH   DFND 01,02 555,105 0 0
IMAX CORP COM 45245E109 2,686 125,000 SH   DFND 01,02 125,000 0 0
IROBOT CORP COM 462726100 1,401 15,000 SH   DFND 01,02 15,000 0 0
JACOBS ENGR GROUP INC COM 469814107 1,468 11,000 SH   DFND 01,02 11,000 0 0
JOHNSON & JOHNSON COM 478160104 12,091 73,400 SH   DFND 01,02 73,400 0 0
KANSAS CITY SOUTHERN COM 485170302 680 2,400 SH   DFND 01,02 2,400 0 0
KENNEDY-WILSON HOLDINGS INC COM 489398107 264,708 13,322,009 SH   DFND 01,02 13,322,009 0 0
KKR & CO INC COM 48251W104 2,369 40,000 SH   DFND 01,02 40,000 0 0
KULICKE & SOFFA INDS INC COM 501242101 1,469 24,000 SH   DFND 01,02 24,000 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 1,108 6,380 SH   DFND 01,02 6,380 0 0
LIBERTY TRIPADVISOR HLDGS INC COM SER A 531465102 6,715 1,650,000 SH   DFND 01,02 1,650,000 0 0
LORAL SPACE & COM INC COM 543881106 2,563 66,000 SH   DFND 01,02 66,000 0 0
LUMEN TECHNOLOGIES INC COM 550241103 19,366 1,425,000 SH   DFND 01,02 1,425,000 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 1,340 56,200 SH   DFND 01,02 56,200 0 0
MASTERCRAFT BOAT HOLDINGS INC COM 57637H103 8,638 328,699 SH   DFND 01,02 328,699 0 0
MERCK & CO INC COM 58933Y105 13,446 172,900 SH   DFND 01,02 172,900 0 0
MICRON TECHNOLOGY INC COM 595112103 58,653 690,200 SH   DFND 01,02 690,200 0 0
MIDDLEBY CORP COM 596278101 2,508 14,500 SH   DFND 01,02 14,500 0 0
NORTHWEST PIPE CO COM 667746101 1,215 43,000 SH   DFND 01,02 43,000 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 735 13,500 SH   DFND 01,02 13,500 0 0
ORGANON & CO COMMON STOCK 68622V106 523 17,290 SH   DFND 01,02 17,290 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 2,188 160,000 SH   DFND 01,02 160,000 0 0
PFIZER INC COM 717081103 15,699 400,900 SH   DFND 01,02 400,900 0 0
RESOLUTE FST PRODS INC COM 76117W109 372,688 30,548,190 SH   DFND 01,02 30,548,190 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 2,801 43,500 SH   DFND 01,02 43,500 0 0
STRONGBRIDGE BIOPHARMA PLC SHS USD G85347105 572 193,107 SH   DFND 01,02 193,107 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 11,253 93,700 SH   DFND 01,02 93,700 0 0
UNDER ARMOUR INC CL C 904311206 2,209 119,000 SH   DFND 01,02 119,000 0 0
US SILICA HLDGS INC COM 90346E103 1,502 130,000 SH   DFND 01,02 130,000 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 4,452 11,313 SH   DFND 01,02 11,313 0 0
VIEMED HEALTHCARE INC COM 92663R105 1,073 150,000 SH   DFND 01,02 150,000 0 0
WW INTERNATIONAL INC COM 98262P101 2,891 80,000 SH   DFND 01,02 80,000 0 0