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
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 534,067 24,453,614 SH   SOLE 1,2 23,738,831 0 714,783
AMERICAN INTL GROUP INC COM NEW 026874784 1,307,370 23,861,480 SH   SOLE 1 21,586,981 0 2,274,499
BANK AMER CORP *W EXP 01/16/201 060505146 79,384 13,523,749 SH   SOLE 1,2 12,110,049 0 1,413,700
BANK AMER CORP *W EXP 10/28/201 060505153 757 1,455,701 SH   SOLE 2 1,455,701 0 0
BANK AMER CORP COM 060505104 1,181,250 76,754,365 SH   SOLE 1 68,720,615 0 8,033,750
BERKSHIRE HATHAWAY INC DEL CL A 084670108 653 3 SH   SOLE   0 0 3
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 39,876 276,300 SH   SOLE   140,600 0 135,700
CANADIAN NAT RES LTD COM 136385101 722 23,500 SH   SOLE   0 0 23,500
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 16,580 753,300 SH   SOLE 1 718,000 0 35,300
LEUCADIA NATL CORP COM 527288104 307,512 13,795,971 SH   SOLE 1 12,029,153 0 1,766,818
LINCOLN NATL CORP IND *W EXP 07/10/201 534187117 8,972 181,610 SH   SOLE 1 181,610 0 0
SEARS CDA INC COM 81234D109 135,289 14,689,358 SH   SOLE 1,2 12,872,183 0 1,817,175
SEARS HLDGS CORP COM 812350106 1,075,432 25,989,173 SH   SOLE 1,2 21,144,273 0 4,844,900
SEARS HLDGS CORP *W EXP 12/15/201 812350155 160,407 6,416,295 SH   SOLE 1,2 5,531,200 0 885,095
ST JOE CO COM 790148100 459,327 24,748,198 SH   SOLE 1 23,819,602 0 928,596
WELLS FARGO & CO NEW COM 949746101 7,812 143,600 SH   SOLE   114,000 0 29,600
WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 26,544 1,295,465 SH   SOLE 1 1,267,065 0 28,400