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 COM NEW 026874784 3,850,854 86,148,865 SH   SOLE   83,551,807 0 2,597,058
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 442,851 24,279,115 SH   SOLE   23,499,931 0 779,184
BANK OF AMERICA CORPORATION COM 060505104 1,298,199 100,948,615 SH   SOLE   90,759,115 0 10,189,500
BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 54,078 9,904,428 SH   SOLE   8,490,728 0 1,413,700
BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,012 6 SH   SOLE   0 0 6
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 81,313 726,525 SH   SOLE   160,600 0 565,925
CHESAPEAKE ENERGY CORP COM 165167107 16,381 803,800 SH   SOLE   526,700 0 277,100
CITIGROUP INC COM NEW 172967424 2,752 57,360 SH   SOLE   0 0 57,360
GENWORTH FINL INC COM CL A 37247d106 12,268 1,075,200 SH   SOLE   1,063,700 0 11,500
HARTFORD FINL SVCS GROUP INC COM 416515104 1,648 53,300 SH   SOLE   4,300 0 49,000
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120 12,130 553,900 SH   SOLE   553,900 0 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 11,751 753,300 SH   SOLE   718,000 0 35,300
LEUCADIA NATL CORP COM 527288104 489,396 18,664,999 SH   SOLE   15,340,053 0 3,324,946
LINCOLN NATL CORP IND COM 534187109 1,663 45,600 SH   SOLE   3,700 0 41,900
LINCOLN NATL CORP IND *W EXP 07/10/201 534187117 5,547 205,810 SH   SOLE   205,810 0 0
SEARS HLDGS CORP COM 812350106 858,136 20,392,973 SH   SOLE   17,615,973 0 2,777,000
ST JOE CO COM 790148100 526,627 25,017,933 SH   SOLE   23,841,602 0 1,176,331
WELLS FARGO & CO NEW COM 949746101 6,248 151,400 SH   SOLE   120,000 0 31,400
WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 18,409 1,346,665 SH   SOLE   1,318,265 0 28,400