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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 5,299 35,800 SH   DFND 01,02 35,800 0 0
ALPHABET INC CAP STK CL A 02079K305 44,693 16,731 SH   DFND 01,02 16,731 0 0
ARGAN INC COM 04010E109 1,200 27,500 SH   DFND 01,02 27,500 0 0
ATLAS CORP SHARES Y0436Q109 1,518,717 99,981,389 SH   DFND 01,02 99,981,389 0 0
BANK OF NOVA SCOTIA COM 064149107 15,200 247,100 SH   DFND 01,02 247,100 0 0
BERKSHIRE HATHAWAY INC CL A 084670108 411 1 SH   DFND 01,02 1 0 0
BLACKBERRY LTD COM 09228F103 454,164 46,724,700 SH   DFND 01,02 46,724,700 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 2,675 50,000 SH   DFND 01,02 50,000 0 0
BROOKFIELD ASSET MGMT REINS CL A EXCH LT VTG G16169107 19 343 SH   DFND 01,02 343 0 0
CANNAE HLDGS INC COM 13765N107 1,244 40,000 SH   DFND 01,02 40,000 0 0
CHANGE HEALTHCARE INC COM 15912K100 705 33,700 SH   DFND 01,02 33,700 0 0
CHEVRON CORP COM 166764100 15,806 155,800 SH   DFND 01,02 155,800 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107 3,194 25,000 SH   DFND 01,02 25,000 0 0
CRESCENT CAPITAL BDC INC COM 225655109 72,318 3,796,246 SH   DFND 01,02 3,796,246 0 0
CVS HEALTH CORP COM 126650100 2,248 26,500 SH   DFND 01,02 26,500 0 0
DARLING INGREDIENTS INC COM 237266101 1,164 16,200 SH   DFND 01,02 16,200 0 0
DENNY'S CORP COM 24869P104 2,043 125,000 SH   DFND 01,02 125,000 0 0
DEVON ENERGY CORP COM 25179M103 412 11,600 SH   DFND 01,02 11,600 0 0
DINE BRANDS GLOBAL INC COM 254423106 2,068 25,500 SH   DFND 01,02 25,500 0 0
FACEBOOK INC CL A 30303M102 475 1,400 SH   DFND 01,02 1,400 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 1,813 40,000 SH   DFND 01,02 40,000 0 0
FRANKLIN RESOURCES INC COM 354613101 29,720 1,000,000 SH   DFND 01,02 1,000,000 0 0
GARRETT MOTION INC COM 366505105 809 109,900 SH   DFND 01,02 109,900 0 0
GENERAL ELECTRIC CO COM 369604301 17,906 173,862 SH   DFND 01,02 173,862 0 0
GENERAL MTRS CO COM 37045V100 19,810 375,965 SH   DFND 01,02 375,965 0 0
GRANITE REAL ESTATE INVESTMENT Unit 99/99/9999 387437114 1,418 20,000 SH   DFND 01,02 20,000 0 0
H&R BLOCK INC COM 093671105 28,022 1,120,894 SH   DFND 01,02 1,120,894 0 0
HELMERICH & PAYNE INC COM 423452101 15,210 555,105 SH   DFND 01,02 555,105 0 0
IMAX CORP COM 45245E109 2,373 125,000 SH   DFND 01,02 125,000 0 0
IROBOT CORP COM 462726100 1,176 15,000 SH   DFND 01,02 15,000 0 0
JACOBS ENGR GROUP INC COM 469814107 1,458 11,000 SH   DFND 01,02 11,000 0 0
JOHNSON & JOHNSON COM 478160104 11,849 73,400 SH   DFND 01,02 73,400 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 1,300 4,800 SH   DFND 01,02 4,800 0 0
KENNEDY-WILSON HOLDINGS INC COM 489398107 278,696 13,322,009 SH   DFND 01,02 13,322,009 0 0
KKR & CO INC COM 48251W104 2,435 40,000 SH   DFND 01,02 40,000 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 1,101 6,380 SH   DFND 01,02 6,380 0 0
LIBERTY TRIPADVISOR HLDGS INC COM SER A 531465102 5,099 1,650,000 SH   DFND 01,02 1,650,000 0 0
LORAL SPACE & COM INC COM 543881106 2,839 66,000 SH   DFND 01,02 66,000 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 998 56,200 SH   DFND 01,02 56,200 0 0
MASTERCRAFT BOAT HOLDINGS INC COM 57637H103 8,487 339,199 SH   DFND 01,02 339,199 0 0
MERCK & CO INC COM 58933Y105 12,987 172,900 SH   DFND 01,02 172,900 0 0
MICRON TECHNOLOGY INC COM 595112103 48,977 690,200 SH   DFND 01,02 690,200 0 0
MIDDLEBY CORP COM 596278101 2,472 14,500 SH   DFND 01,02 14,500 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 743 13,500 SH   DFND 01,02 13,500 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 1,797 160,000 SH   DFND 01,02 160,000 0 0
PFIZER INC COM 717081103 17,239 400,900 SH   DFND 01,02 400,900 0 0
PIONEER NAT RES CO COM 723787107 333 2,000 SH   DFND 01,02 2,000 0 0
PNM RES INC COM 69349H107 1,383 27,951 SH   DFND 01,02 27,951 0 0
PPD INC COM 69355F102 772 16,500 SH   DFND 01,02 16,500 0 0
RESOLUTE FST PRODS INC COM 76117W109 363,523 30,548,190 SH   DFND 01,02 30,548,190 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 2,661 43,500 SH   DFND 01,02 43,500 0 0
SOLITON INC COM 834251100 703 34,500 SH   DFND 01,02 34,500 0 0
STRONGBRIDGE BIOPHARMA PLC SHS USD G85347105 392 193,107 SH   DFND 01,02 193,107 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 10,462 93,700 SH   DFND 01,02 93,700 0 0
TRILLIUM THERAPEUTICS INC COM NEW 89620X506 5,991 341,000 SH   DFND 01,02 341,000 0 0
UNDER ARMOUR INC CL C 904311206 2,084 119,000 SH   DFND 01,02 119,000 0 0
U S SILICA HLDGS INC COM 90346E103 1,037 130,000 SH   DFND 01,02 130,000 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 3,142 7,963 SH   DFND 01,02 7,963 0 0
VIEMED HEALTHCARE INC COM 92663R105 830 150,000 SH   DFND 01,02 150,000 0 0
WW INTERNATIONAL INC COM 98262P101 1,461 80,000 SH   DFND 01,02 80,000 0 0
INTERNATIONAL SEAWAYS INC COM Y41053102 10,445 572,954 SH   DFND 01,02 572,954 0 0