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
AIR PRODS & CHEMS INC COM 009158106 18,042 141,416 SH   DFND 2,3,6 141,416 0 0
AIR PRODS & CHEMS INC COM 009158106 5,285 41,426 SH   DFND 3,4,6 41,426 0 0
AIR PRODS & CHEMS INC COM 009158106 274 2,145 SH   DFND 3,6 2,145 0 0
AIR PRODS & CHEMS INC COM 009158106 40,189 315,013 SH   DFND 5,6 315,013 0 0
APPLE INC COM 037833100 44,733 405,554 SH   DFND 2,3,6 405,554 0 0
APPLE INC COM 037833100 15,456 140,128 SH   DFND 3,4,6 140,128 0 0
APPLE INC COM 037833100 8,466 76,750 SH   DFND 3,6 76,750 0 0
APPLE INC COM 037833100 117,201 1,062,568 SH   DFND 5,6 1,062,568 0 0
ARAMARK COM 03852U106 9,188 310,000 SH   DFND 0,6 310,000 0 0
ARAMARK COM 03852U106 3,369 113,671 SH   DFND 2,3,6 113,671 0 0
ARAMARK COM 03852U106 749 25,280 SH   DFND 3,4,6 25,280 0 0
ARAMARK COM 03852U106 5,030 169,697 SH   DFND 5,6 169,697 0 0
ARAMARK COM 03852U106 40 1,352 SH   DFND 3,6 1,352 0 0
ARES CAP CORP COM 04010L103 2,591 178,907 SH   DFND 3,6 178,907 0 0
ARES COML REAL ESTATE CORP COM 04013V108 1,500 125,115 SH   DFND 3,6 125,115 0 0
ARES DYNAMIC CR ALLOCATION F COM 04014F102 124 8,865 SH   DFND 3,6 8,865 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 13,692 105,000 SH   DFND 0,6 105,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 13,692 105,000 SH   DFND 3,6 105,000 0 0
BOEING CO COM 097023105 37,319 284,990 SH   DFND 2,3,6 284,990 0 0
BOEING CO COM 097023105 9,538 72,838 SH   DFND 3,4,6 72,838 0 0
BOEING CO COM 097023105 498 3,800 SH   DFND 3,6 3,800 0 0
BOEING CO COM 097023105 67,222 513,342 SH   DFND 5,6 513,342 0 0
CSX CORP COM 126408103 134,500 5,000,000 SH   DFND 3,6 5,000,000 0 0
CVS HEALTH CORP COM 126650100 107,756 1,116,879 SH   DFND 2,3,6 1,116,879 0 0
CVS HEALTH CORP COM 126650100 7,125 73,848 SH   DFND 3,4,6 73,848 0 0
CVS HEALTH CORP COM 126650100 329 3,405 SH   DFND 3,6 3,405 0 0
CVS HEALTH CORP COM 126650100 77,750 805,868 SH   DFND 5,6 805,868 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 17,996 401,078 SH   DFND 0,6 401,078 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 808 18,000 SH   DFND 2,3,6 18,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 175 3,900 SH   DFND 3,4,6 3,900 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 47,967 1,069,022 SH   DFND 3,6 1,069,022 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 1,481 33,000 SH   DFND 5,6 33,000 0 0
DISNEY WALT CO COM DISNEY 254687106 12,264 120,000 SH   DFND 0,6 120,000 0 0
DISNEY WALT CO COM DISNEY 254687106 60,809 595,000 SH   DFND 2,3,6 595,000 0 0
DISNEY WALT CO COM DISNEY 254687106 24,773 242,400 SH   DFND 3,4,6 242,400 0 0
DISNEY WALT CO COM DISNEY 254687106 1,288 12,600 SH   DFND 3,6 12,600 0 0
DISNEY WALT CO COM DISNEY 254687106 107,310 1,050,000 SH   DFND 5,6 1,050,000 0 0
EOG RES INC COM 26875P101 1,092 15,000 SH   DFND 2,3,6 15,000 0 0
EOG RES INC COM 26875P101 2,548 35,000 SH   DFND 5,6 35,000 0 0
EOG RES INC COM 26875P101 7,280 100,000 SH   DFND 3,6 100,000 0 0
GOOGLE INC CL A 38259P508 50,909 79,749 SH   DFND 0,6 79,749 0 0
GOOGLE INC CL A 38259P508 62,135 97,334 SH   DFND 2,3,6 97,334 0 0
GOOGLE INC CL A 38259P508 14,384 22,532 SH   DFND 3,4,6 22,532 0 0
GOOGLE INC CL A 38259P508 2,506 3,926 SH   DFND 3,6 3,926 0 0
GOOGLE INC CL A 38259P508 107,858 168,959 SH   DFND 5,6 168,959 0 0
HOME DEPOT INC COM 437076102 9,817 85,000 SH   DFND 0,6 85,000 0 0
HOME DEPOT INC COM 437076102 43 371 SH   DFND 3,6 371 0 0
HOME DEPOT INC COM 437076102 5,374 46,529 SH   DFND 5,6 46,529 0 0
HOME DEPOT INC COM 437076102 3,600 31,168 SH   DFND 2,3,6 31,168 0 0
HOME DEPOT INC COM 437076102 801 6,932 SH   DFND 3,4,6 6,932 0 0
JARDEN CORP COM 471109108 8,798 180,000 SH   DFND 0,6 180,000 0 0
JARDEN CORP COM 471109108 3,226 66,003 SH   DFND 2,3,6 66,003 0 0
JARDEN CORP COM 471109108 718 14,679 SH   DFND 3,4,6 14,679 0 0
JARDEN CORP COM 471109108 38 785 SH   DFND 3,6 785 0 0
JARDEN CORP COM 471109108 4,816 98,533 SH   DFND 5,6 98,533 0 0
JPMORGAN CHASE & CO COM 46625H100 20,425 335,000 SH   DFND 0,6 335,000 0 0
JPMORGAN CHASE & CO COM 46625H100 51,481 844,370 SH   DFND 2,3,6 844,370 0 0
JPMORGAN CHASE & CO COM 46625H100 9,146 150,000 SH   DFND 3,6 150,000 0 0
JPMORGAN CHASE & CO COM 46625H100 95,761 1,570,630 SH   DFND 5,6 1,570,630 0 0
L BRANDS INC COM 501797104 10,816 120,000 SH   DFND 0,6 120,000 0 0
L BRANDS INC COM 501797104 3,966 44,002 SH   DFND 2,3,6 44,002 0 0
L BRANDS INC COM 501797104 882 9,785 SH   DFND 3,4,6 9,785 0 0
L BRANDS INC COM 501797104 47 523 SH   DFND 3,6 523 0 0
L BRANDS INC COM 501797104 5,921 65,690 SH   DFND 5,6 65,690 0 0
MCKESSON CORP COM 58155Q103 22,085 119,360 SH   DFND 2,3,6 119,360 0 0
MCKESSON CORP COM 58155Q103 4,894 26,450 SH   DFND 3,4,6 26,450 0 0
MCKESSON CORP COM 58155Q103 335 1,811 SH   DFND 3,6 1,811 0 0
MCKESSON CORP COM 58155Q103 37,446 202,379 SH   DFND 5,6 202,379 0 0
OLD REP INTL CORP COM 680223104 46,920 3,000,000 SH   DFND 3,6 3,000,000 0 0
PPG INDS INC COM 693506107 43,747 498,888 SH   DFND 2,3,6 498,888 0 0
PPG INDS INC COM 693506107 17,227 196,458 SH   DFND 3,4,6 196,458 0 0
PPG INDS INC COM 693506107 1,276 14,556 SH   DFND 3,6 14,556 0 0
PPG INDS INC COM 693506107 75,860 865,098 SH   DFND 5,6 865,098 0 0
ROPER INDS INC NEW COM 776696106 33,852 216,031 SH   DFND 2,3,6 216,031 0 0
ROPER INDS INC NEW COM 776696106 7,384 47,122 SH   DFND 3,4,6 47,122 0 0
ROPER INDS INC NEW COM 776696106 424 2,706 SH   DFND 3,6 2,706 0 0
ROPER INDS INC NEW COM 776696106 64,112 409,141 SH   DFND 5,6 409,141 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 21,525 325,000 SH   DFND 0,6 325,000 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 69,531 1,049,843 SH   DFND 2,3,6 1,049,843 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 21,674 327,246 SH   DFND 3,4,6 327,246 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 885 13,355 SH   DFND 3,6 13,355 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 93,355 1,409,556 SH   DFND 5,6 1,409,556 0 0
UNITED CONTL HLDGS INC COM 910047109 27,976 527,360 SH   DFND 0,6 527,360 0 0
UNITED CONTL HLDGS INC COM 910047109 578 10,900 SH   DFND 2,3,6 10,900 0 0
UNITED CONTL HLDGS INC COM 910047109 133 2,500 SH   DFND 3,4,6 2,500 0 0
UNITED CONTL HLDGS INC COM 910047109 31,790 599,240 SH   DFND 3,6 599,240 0 0
UNITED CONTL HLDGS INC COM 910047109 1,592 30,000 SH   DFND 5,6 30,000 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 25,330 142,000 SH   DFND 0,6 142,000 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 23,304 130,640 SH   DFND 2,3,6 130,640 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 3,787 21,232 SH   DFND 3,4,6 21,232 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 1,861 10,434 SH   DFND 3,6 10,434 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 37,138 208,194 SH   DFND 5,6 208,194 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 48,949 1,125,000 SH   DFND 0,6 1,125,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 49,795 1,144,445 SH   DFND 2,3,6 1,144,445 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 4,466 102,632 SH   DFND 3,4,6 102,632 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 382 8,778 SH   DFND 3,6 8,778 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 58,919 1,354,145 SH   DFND 5,6 1,354,145 0 0
VISA INC COM CL A 92826C839 105,326 1,512,000 SH   DFND 2,3,6 1,512,000 0 0
VISA INC COM CL A 92826C839 29,814 428,000 SH   DFND 3,4,6 428,000 0 0
VISA INC COM CL A 92826C839 836 12,000 SH   DFND 3,6 12,000 0 0
VISA INC COM CL A 92826C839 97,524 1,400,000 SH   DFND 5,6 1,400,000 0 0
WELLS FARGO & CO NEW COM 949746101 26,703 520,010 SH   DFND 2,3,6 520,010 0 0
WELLS FARGO & CO NEW COM 949746101 6,456 125,730 SH   DFND 3,4,6 125,730 0 0
WELLS FARGO & CO NEW COM 949746101 334 6,500 SH   DFND 3,6 6,500 0 0
WELLS FARGO & CO NEW COM 949746101 46,434 904,260 SH   DFND 5,6 904,260 0 0
WILLIAMS COS INC DEL COM 969457100 14,674 398,210 SH   DFND 2,3,6 398,210 0 0
WILLIAMS COS INC DEL COM 969457100 70,015 1,900,000 SH   DFND 3,6 1,900,000 0 0
WILLIAMS COS INC DEL COM 969457100 25,861 701,790 SH   DFND 5,6 701,790 0 0