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 HOLDING LTD SPONSORED ADS 01609W102 17,088 143,800 SH   DFND 01,02 143,800 0 0
ALPHABET INC CAP STK CL A 02079K305 48,470 16,731 SH   DFND 01,02 16,731 0 0
ARGAN INC COM 04010E109 1,065 27,500 SH   DFND 01,02 27,500 0 0
ATLAS CORP SHARES Y0436Q109 1,416,840 99,988,690 SH   DFND 01,02 99,988,690 0 0
BANK OF NOVA SCOTIA B C COM 064149107 17,535 247,100 SH   DFND 01,02 247,100 0 0
BERKSHIRE HATHAWAY INC CL A 084670108 451 1 SH   DFND 01,02 1 0 0
BLACKBERRY LTD COM 09228F103 436,876 46,724,700 SH   DFND 01,02 46,724,700 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 3,019 50,000 SH   DFND 01,02 50,000 0 0
BROOKFIELD ASSET MGMT REINS CL A EXCH LT VTG G16169107 21 343 SH   DFND 01,02 343 0 0
CANADIAN PAC RY LTD COM 13645T100 1,079 15,000 SH   DFND 01,02 15,000 0 0
CANNAE HLDGS INC COM 13765N107 1,406 40,000 SH   DFND 01,02 40,000 0 0
CASPER SLEEP INC COM 147626105 1,461 219,000 SH   DFND 01,02 219,000 0 0
CHANGE HEALTHCARE INC COM 15912K100 721 33,700 SH   DFND 01,02 33,700 0 0
CHEVRON CORP NEW COM 166764100 18,282 155,800 SH   DFND 01,02 155,800 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107 3,710 25,000 SH   DFND 01,02 25,000 0 0
CRESCENT CAPITAL BDC INC COM 225655109 58,766 3,338,999 SH   DFND 01,02 3,338,999 0 0
CVS HEALTH CORPORATION COM 126650100 2,733 26,500 SH   DFND 01,02 26,500 0 0
DARLING INGREDIENTS INC COM 237266101 1,122 16,200 SH   DFND 01,02 16,200 0 0
DENNY'S CORP COM 24869P104 1,999 125,000 SH   DFND 01,02 125,000 0 0
DEVON ENERGY CORP NEW COM 25179M103 511 11,600 SH   DFND 01,02 11,600 0 0
DINE BRANDS GLOBAL INC COM 254423106 1,931 25,500 SH   DFND 01,02 25,500 0 0
EOG RES INC COM 26875P101 355 4,000 SH   DFND 01,02 4,000 0 0
META PLATFORMS INC CL A 30303M102 471 1,400 SH   DFND 01,02 1,400 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 2,088 40,000 SH   DFND 01,02 40,000 0 0
FRANKLIN RESOURCES INC COM 354613101 33,470 1,000,000 SH   DFND 01,02 1,000,000 0 0
GARRETT MOTION INC COM 366505105 882 109,900 SH   DFND 01,02 109,900 0 0
GARRETT MOTION INC PFD CONV SER A 366505204 1,333 159,239 SH   DFND 01,02 159,239 0 0
GENERAL ELECTRIC CO COM NEW 369604301 16,423 173,862 SH   DFND 01,02 173,862 0 0
GENERAL MTRS CO COM 37045V100 22,035 375,965 SH   DFND 01,02 375,965 0 0
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 1,667 20,000 SH   DFND 01,02 20,000 0 0
BLOCK H & R INC COM 093671105 26,408 1,120,894 SH   DFND 01,02 1,120,894 0 0
HELMERICH & PAYNE INC COM 423452101 13,150 555,105 SH   DFND 01,02 555,105 0 0
IMAX CORP COM 45245E109 2,230 125,000 SH   DFND 01,02 125,000 0 0
INDEPENDENCE CONTRACT DRILLING COM 453415606 1,167 390,294 SH   DFND 01,02 390,294 0 0
INTERNATIONAL SEAWAYS INC COM Y41053102 8,411 572,954 SH   DFND 01,02 572,954 0 0
IROBOT CORP COM 462726100 987 15,000 SH   DFND 01,02 15,000 0 0
JACOBS ENGR GROUP INC COM 469814107 1,532 11,000 SH   DFND 01,02 11,000 0 0
JOHNSON & JOHNSON COM 478160104 12,554 73,400 SH   DFND 01,02 73,400 0 0
KENNEDY-WILSON HOLDINGS INC COM 489398107 318,130 13,322,009 SH   DFND 01,02 13,322,009 0 0
KKR & CO INC INC COM 48251W104 2,981 40,000 SH   DFND 01,02 40,000 0 0
LHC GROUP INC COM 50187A107 1,016 7,400 SH   DFND 01,02 7,400 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 1,028 6,380 SH   DFND 01,02 6,380 0 0
LIBERTY TRIPADVISOR HLGDS INC COM SER A 531465102 3,564 1,650,000 SH   DFND 01,02 1,650,000 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 2,096 100,000 SH   DFND 01,02 100,000 0 0
MASTERCRAFT BOAT HOLDINGS INC COM 57637H103 9,610 339,199 SH   DFND 01,02 339,199 0 0
MERCK & CO INC COM 58933Y105 13,251 172,900 SH   DFND 01,02 172,900 0 0
MICRON TECHNOLOGY INC COM 595112103 64,271 690,200 SH   DFND 01,02 690,200 0 0
MIDDLEBY CORP COM 596278101 2,853 14,500 SH   DFND 01,02 14,500 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 4,260 77,000 SH   DFND 01,02 77,000 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 1,954 160,000 SH   DFND 01,02 160,000 0 0
PFIZER INC COM 717081103 23,669 400,900 SH   DFND 01,02 400,900 0 0
PIONEER NAT RES CO COM 723787107 364 2,000 SH   DFND 01,02 2,000 0 0
RESOLUTE FST PRODS INC COM 76117W109 465,249 30,548,190 SH   DFND 01,02 30,548,190 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 2,637 43,500 SH   DFND 01,02 43,500 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 11,273 93,700 SH   DFND 01,02 93,700 0 0
TELESAT CORP CL A & CL B SHS 879512309 1,868 66,000 SH   DFND 01,02 66,000 0 0
TENCENT MUSIC ENTMT GROUP SPON ADS 88034P109 2,802 409,000 SH   DFND 01,02 409,000 0 0
UNDER ARMOUR INC CL C 904311206 2,146 119,000 SH   DFND 01,02 119,000 0 0
U S SILICA HOLDINGS INC COM 90346E103 1,221 130,000 SH   DFND 01,02 130,000 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 1,928 4,416 SH   DFND 01,02 4,416 0 0
VIEMED HEALTHCARE INC COM 92663R105 784 150,000 SH   DFND 01,02 150,000 0 0
WW INTL INC COM 98262P101 983 61,000 SH   DFND 01,02 61,000 0 0
XERIS BIOPHARMA HOLDINGS INC COM 98422E103 441 151,395 SH   DFND 01,02 151,395 0 0