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
ALTRIA GROUP INC COM 02209S103 2,085 60,000 SH   DFND 2,3 60,000 0 0
AMAZON COM INC COM 023135106 1,563 5,000 SH   DFND 2,3 5,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,702 35,000 SH   DFND 2,3 35,000 0 0
ANADARKO PETE CORP COM 032511107 22,810 245,300 SH   DFND 1,2,3 245,300 0 0
AUTOZONE INC COM 053332102 254 600 SH   DFND 1,2,3 600 0 0
AVIS BUDGET GROUP COM 053774105 68,026 2,359,549 SH   DFND 1,2,3 2,359,549 0 0
BANK OF AMERICA CORPORATION COM 060505104 57,168 4,142,614 SH   DFND 1,2,3 4,142,614 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 62,252 548,425 SH   DFND 1,2,3 548,425 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 2,781 24,500 SH   DFND 2,3 24,500 0 0
BEST BUY INC COM 086516101 90,948 2,425,268 SH   DFND 1,2,3 2,425,268 0 0
BEST BUY INC COM 086516101 2,277 60,710 SH   DFND 2,3 60,710 0 0
BRIGGS & STRATTON CORP COM 109043109 19,586 967,888 SH   DFND 1,2,3 967,888 0 0
CADIZ INC COM NEW 127537207 5,022 982,700 SH   DFND 1,2,3 982,700 0 0
CF INDS HLDGS INC COM 125269100 116,227 551,283 SH   DFND 1,2,3 551,283 0 0
CIT GROUP INC COM NEW 125581801 104,615 2,145,075 SH   DFND 1,2,3 2,145,075 0 0
CIT GROUP INC COM NEW 125581801 2,438 50,000 SH   DFND 2,3 50,000 0 0
CITIGROUP INC COM NEW 172967424 34,709 715,510 SH   DFND 1,2,3 715,510 0 0
CITIGROUP INC COM NEW 172967424 3,396 70,000 SH   DFND 2,3 70,000 0 0
COACH INC COM 189754104 23,295 427,200 SH   DFND 1,2,3 427,200 0 0
COACH INC COM 189754104 1,725 31,630 SH   DFND 2,3 31,630 0 0
COLGATE PALMOLIVE CO COM 194162103 296 5,000 SH   DFND 1,2,3 5,000 0 0
D R HORTON INC COM 23331A109 195,826 10,078,555 SH   DFND 1,2,3 10,078,555 0 0
DANA HLDG CORP COM 235825205 110,564 4,840,821 SH   DFND 1,2,3 4,840,821 0 0
DANA HLDG CORP COM 235825205 2,416 105,760 SH   DFND 2,3 105,760 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 314,967 13,351,715 SH   DFND 1,2,3 13,351,715 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 6,450 273,430 SH   DFND 2,3 273,430 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 6,999 152,352 SH   DFND 1,2,3 152,352 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 71,725 2,573,548 SH   DFND 1,2,3 2,573,548 0 0
FIRST AMERN FINL CORP COM 31847R102 27,626 1,134,529 SH   DFND 1,2,3 1,134,529 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 6,194 256,500 SH   DFND 1,2,3 256,500 0 0
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 3,219 59,860 SH   DFND 2,3 59,860 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 155,211 9,200,400 SH   DFND 1,2,3 9,200,400 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 3,374 200,000 SH   DFND 2,3 200,000 0 0
FX ENERGY INC COM 302695101 3,545 1,033,651 SH   DFND 1,2,3 1,033,651 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 8,306 52,500 SH   DFND 1,2,3 52,500 0 0
GOOGLE INC CL A 38259P508 52,591 60,041 SH   DFND 1,2,3 60,041 0 0
GOOGLE INC CL A 38259P508 4,371 4,990 SH   DFND 2,3 4,990 0 0
GROUPON INC COM CL A 399473107 3,027 270,000 SH   DFND 2,3 270,000 0 0
ISHARES CHINA LG-CAP ETF 464287184 10,253 276,500 SH   DFND 1,2,3 276,500 0 0
JARDEN CORP COM 471109108 63,832 1,318,838 SH   DFND 1,2,3 1,318,838 0 0
JARDEN CORP COM 471109108 1,694 35,000 SH   DFND 2,3 35,000 0 0
JPMORGAN CHASE & CO COM 46625H100 105,317 2,037,470 SH   DFND 1,2,3 2,037,470 0 0
KB HOME COM 48666K109 68,054 3,776,573 SH   DFND 1,2,3 3,776,573 0 0
LENNAR CORP CL A 526057104 1,280 36,150 SH   DFND 1,2,3 36,150 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 1,349 17,000 SH   DFND 2,3 17,000 0 0
LOUISIANA PAC CORP COM 546347105 47,176 2,682,000 SH   DFND 1,2,3 2,682,000 0 0
MASCO CORP COM 574599106 31,887 1,498,442 SH   DFND 1,2,3 1,498,442 0 0
MASTERCARD INC CL A 57636Q104 2,489 3,700 SH   DFND 2,3 3,700 0 0
MICRON TECHNOLOGY INC COM 595112103 13,801 790,000 SH   DFND 1,2,3 790,000 0 0
MONSTER BEVERAGE CORP COM 611740101 2,138 40,923 SH   DFND 1,2,3 40,923 0 0
NATIONAL BK HLDGS CORP CL A 633707104 3,917 190,705 SH   DFND 1,2,3 190,705 0 0
NAVISTAR INTL CORP NEW COM 63934E108 77,768 2,131,788 SH   DFND 1,2,3 2,131,788 0 0
NAVISTAR INTL CORP NEW COM 63934E108 609 16,700 SH   DFND 2,3 16,700 0 0
NEWELL RUBBERMAID INC COM 651229106 9,900 360,000 SH   DFND 1,2,3 360,000 0 0
NVR INC COM 62944T105 5,148 5,601 SH   DFND 1,2,3 5,601 0 0
OSHKOSH CORP COM 688239201 60,915 1,243,670 SH   DFND 1,2,3 1,243,670 0 0
OSHKOSH CORP COM 688239201 2,449 50,000 SH   DFND 2,3 50,000 0 0
OWENS ILL INC COM NEW 690768403 5,316 177,066 SH   DFND 1,2,3 177,066 0 0
PACCAR INC COM 693718108 67,035 1,204,374 SH   DFND 1,2,3 1,204,374 0 0
PIONEER NAT RES CO COM 723787107 23,907 126,600 SH   DFND 1,2,3 126,600 0 0
POLYONE CORP COM 73179P106 84,722 2,754,163 SH   DFND 1,2,3 2,754,163 0 0
POLYONE CORP COM 73179P106 3,845 125,000 SH   DFND 2,3 125,000 0 0
PULTE GROUP INC COM 745867101 194,651 11,766,338 SH   DFND 1,2,3 11,766,338 0 0
PULTE GROUP INC COM 745867101 1,984 120,000 SH   DFND 2,3 120,000 0 0
QUALCOMM INC COM 747525103 1,616 24,000 SH   DFND 2,3 24,000 0 0
QUANEX BUILDING PRODUCTS COR COM 747619104 75,255 3,996,547 SH   DFND 1,2,3 3,996,547 0 0
RYANAIR HLDGS PLC SPONSORED ADR 783513104 5,908 118,775 SH   DFND 1,2,3 118,775 0 0
RYLAND GROUP INC COM 783764103 128,631 3,172,939 SH   DFND 1,2,3 3,172,939 0 0
SANCHEZ ENERGY CORP COM 79970Y105 17,536 664,000 SH   DFND 1,2,3 664,000 0 0
SIGNET JEWELERS LIMITED SHS G81276100 312,314 4,358,885 SH   DFND 1,2,3 4,358,885 0 0
SIGNET JEWELERS LIMITED SHS G81276100 1,879 26,220 SH   DFND 2,3 26,220 0 0
SIRIUS XM RADIO INC COM 82967N108 6,197 1,599,144 SH   DFND 1,2,3 1,599,144 0 0
STANLEY BLACK & DECKER INC COM 854502101 9,327 102,980 SH   DFND 1,2,3 102,980 0 0
SUNTRUST BKS INC COM 867914103 122,239 3,770,487 SH   DFND 1,2,3 3,770,487 0 0
SWIFT TRANSN CO CL A 87074U101 140,313 6,949,606 SH   DFND 1,2,3 6,949,606 0 0
TESORO CORP COM 881609101 5,058 115,000 SH   DFND 1,2,3 115,000 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 9,644 75,323 SH   DFND 1,2,3 75,323 0 0
UBS AG SHS NEW H89231338 26,305 1,285,742 SH   DFND 1,2,3 1,285,742 0 0
UNITED CONTL HLDGS INC COM 910047109 25,971 845,700 SH   DFND 1,2,3 845,700 0 0
UNITED RENTALS INC COM 911363109 46,256 793,552 SH   DFND 1,2,3 793,552 0 0
WELLS FARGO & CO NEW COM 949746101 142,740 3,454,492 SH   DFND 1,2,3 3,454,492 0 0
WHIRLPOOL CORP COM 963320106 204,473 1,396,294 SH   DFND 1,2,3 1,396,294 0 0
XILINX INC COM 983919101 12,349 263,578 SH   DFND 1,2,3 263,578 0 0
YAHOO INC COM 984332106 2,654 80,000 SH   DFND 2,3 80,000 0 0