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 AIRLS GROUP INC COM 02376R102 1,061,824 22,742,000 SH   DFND 4 22,742,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 1,064,665 22,802,854 SH   DFND 4,8,11 22,802,854 0 0
AMERICAN EXPRESS CO COM 025816109 144,615 1,952,142 SH   DFND 4 1,952,142 0 0
AMERICAN EXPRESS CO COM 025816109 1,276,058 17,225,400 SH   DFND 4,5 17,225,400 0 0
AMERICAN EXPRESS CO COM 025816109 62,215 839,832 SH   DFND 4,7 839,832 0 0
AMERICAN EXPRESS CO COM 025816109 152,390 2,057,100 SH   DFND 4,8,11 2,057,100 0 0
AMERICAN EXPRESS CO COM 025816109 592,242 7,994,634 SH   DFND 4,10 7,994,634 0 0
AMERICAN EXPRESS CO COM 025816109 8,900,110 120,141,879 SH   DFND 4,11 120,141,879 0 0
AMERICAN EXPRESS CO COM 025816109 103,691 1,399,713 SH   DFND 4,13 1,399,713 0 0
APPLE INC COM 037833100 82,232 710,000 SH   DFND 4 710,000 0 0
APPLE INC COM 037833100 111,187 960,000 SH   DFND 1,2,4,11 960,000 0 0
APPLE INC COM 037833100 1,021,301 8,818,000 SH   DFND 4,5 8,818,000 0 0
APPLE INC COM 037833100 78,873 681,000 SH   DFND 4,6 681,000 0 0
APPLE INC COM 037833100 1,781,977 15,385,747 SH   DFND 4,8,11 15,385,747 0 0
APPLE INC COM 037833100 208,592 1,801,000 SH   DFND 4,5,9 1,801,000 0 0
APPLE INC COM 037833100 419,037 3,618,000 SH   DFND 4,10 3,618,000 0 0
APPLE INC COM 037833100 2,752,335 23,763,905 SH   DFND 4,11 23,763,905 0 0
APPLE INC COM 037833100 78,526 678,000 SH   DFND 4,12 678,000 0 0
APPLE INC COM 037833100 109,334 944,000 SH   DFND 4,14 944,000 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 355,883 7,511,249 SH   DFND 4 7,511,249 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 84,996 1,793,915 SH   DFND 2,4,11 1,793,915 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 291,879 6,160,384 SH   DFND 4,8,11 6,160,384 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 26,060 550,021 SH   DFND 4,5,9 550,021 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 268,000 5,656,400 SH   DFND 4,11 5,656,400 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 764,266 2,654,437 SH   DFND 4 2,654,437 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 1,954,704 6,789,054 SH   DFND 4,8,11 6,789,054 0 0
COCA COLA CO COM 191216100 33,168 800,000 SH   DFND 4 800,000 0 0
COCA COLA CO COM 191216100 3,328,541 80,283,200 SH   DFND 4,5 80,283,200 0 0
COCA COLA CO COM 191216100 75,623 1,824,000 SH   DFND 4,6 1,824,000 0 0
COCA COLA CO COM 191216100 597,488 14,411,200 SH   DFND 4,8,11 14,411,200 0 0
COCA COLA CO COM 191216100 621,502 14,990,400 SH   DFND 4,10 14,990,400 0 0
COCA COLA CO COM 191216100 11,740,610 283,179,200 SH   DFND 4,11 283,179,200 0 0
COCA COLA CO COM 191216100 147,266 3,552,000 SH   DFND 4,12 3,552,000 0 0
COCA COLA CO COM 191216100 39,802 960,000 SH   DFND 4,13 960,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 693,815 4,333,363 SH   DFND 4,11 4,333,363 0 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 1,287,344 20,052,088 SH   DFND 4 20,052,088 0 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 1,188,566 18,513,482 SH   DFND 4,8,11 18,513,482 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 250,440 5,091,277 SH   DFND 4 5,091,277 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 389,030 7,908,723 SH   DFND 4,8,11 7,908,723 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 2,313,209 47,025,995 SH   DFND 4,11 47,025,995 0 0
GENERAL ELECTRIC CO COM 369604103 18,609 588,900 SH   DFND 4 588,900 0 0
GENERAL ELECTRIC CO COM 369604103 16,923 535,532 SH   DFND 4,5 535,532 0 0
GENERAL ELECTRIC CO COM 369604103 157,946 4,998,302 SH   DFND 4,8,11 4,998,302 0 0
GENERAL ELECTRIC CO COM 369604103 1,128 35,702 SH   DFND 4,10 35,702 0 0
GENERAL ELECTRIC CO COM 369604103 134,254 4,248,556 SH   DFND 4,11 4,248,556 0 0
GENERAL ELECTRIC CO COM 369604103 5,641 178,510 SH   DFND 4,12 178,510 0 0
GENERAL MTRS CO COM 37045V100 539,074 15,472,853 SH   DFND 4 15,472,853 0 0
GENERAL MTRS CO COM 37045V100 867,070 24,887,209 SH   DFND 4,8,11 24,887,209 0 0
GENERAL MTRS CO COM 37045V100 292,737 8,402,338 SH   DFND 4,10 8,402,338 0 0
GENERAL MTRS CO COM 37045V100 43,118 1,237,600 SH   DFND 4,11 1,237,600 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,047,826 4,375,968 SH   DFND 4,8,11 4,375,968 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,576,431 6,583,551 SH   DFND 4,11 6,583,551 0 0
GRAHAM HLDGS CO COM 384637104 24,658 48,165 SH   DFND 4,10 0 0 48,165
GRAHAM HLDGS CO COM 384637104 30,415 59,410 SH   DFND 4,11 0 0 59,410
INTERNATIONAL BUSINESS MACHS COM 459200101 14,023 84,480 SH   DFND 4 84,480 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 46,145 278,000 SH   DFND 1,2,4,11 278,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 119,727 721,288 SH   DFND 4,5 721,288 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 84,456 508,800 SH   DFND 4,8,11 508,800 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 38,692 233,100 SH   DFND 4,10 233,100 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 13,147,700 79,207,782 SH   DFND 4,11 79,207,782 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 33,008 198,853 SH   DFND 4,12 198,853 0 0
JOHNSON & JOHNSON COM 478160104 37,685 327,100 SH   DFND 4 327,100 0 0
KRAFT HEINZ CO COM 500754106 28,434,432 325,634,818 SH   DFND 4 325,634,818 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 67,832 1,965,000 SH   DFND 4 1,965,000 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 243,013 7,039,780 SH   DFND 4,8,11 7,039,780 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 32,221 933,391 SH   DFND 4,10 933,391 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 4,164 120,629 SH   DFND 4,11 120,629 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 133,957 3,949,206 SH   DFND 4 3,949,206 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 595,897 17,567,720 SH   DFND 4,8,11 17,567,720 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 17,254 508,654 SH   DFND 4,10 508,654 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 7,141 210,529 SH   DFND 4,11 210,529 0 0
M & T BK CORP COM 55261F104 85,411 546,000 SH   DFND 4,8,11 546,000 0 0
M & T BK CORP COM 55261F104 25,779 164,795 SH   DFND 4,10 164,795 0 0
M & T BK CORP COM 55261F104 730,723 4,671,245 SH   DFND 4,11 4,671,245 0 0
MASTERCARD INC CL A 57636Q104 509,514 4,934,756 SH   DFND 4,8,11 4,934,756 0 0
MONDELEZ INTL INC CL A 609207105 25,623 578,000 SH   DFND 4 578,000 0 0
MOSANTO CO NEW COM 61166W101 345,615 3,285,000 SH   DFND 4 3,285,000 0 0
MOSANTO CO NEW COM 61166W101 500,461 4,756,784 SH   DFND 4,11 4,756,784 0 0
MOODYS CORP COM 615369105 1,128,782 11,973,928 SH   DFND 4,8,11 11,973,928 0 0
MOODYS CORP COM 615369105 1,196,838 12,695,850 SH   DFND 4,11 12,695,850 0 0
PHILLIPS 66 COM 718546104 527,274 6,102,000 SH   DFND 4 6,102,000 0 0
PHILLIPS 66 COM 718546104 67,573 782,000 SH   DFND 1,2,4,11 782,000 0 0
PHILLIPS 66 COM 718546104 450,455 5,213,000 SH   DFND 4,5 5,213,000 0 0
PHILLIPS 66 COM 718546104 100,495 1,163,000 SH   DFND 4,10 1,163,000 0 0
PHILLIPS 66 COM 718546104 5,717,222 66,163,892 SH   DFND 4,11 66,163,892 0 0
PHILLIPS 66 COM 718546104 109,395 1,266,000 SH   DFND 4,12 1,266,000 0 0
PROCTER & GAMBLE CO COM 742718109 26,519 315,400 SH   DFND 4 315,400 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 402,166 8,438,225 SH   DFND 4,11 8,438,225 0 0
SANOFI SPONSORED ADR 80105N105 17,041 421,400 SH   DFND 4,8,11 421,400 0 0
SANOFI SPONSORED ADR 80105N105 20,614 509,742 SH   DFND 4,5,9 509,742 0 0
SANOFI SPONSORED ADR 80105N105 6,846 169,300 SH   DFND 4,10 169,300 0 0
SANOFI SPONSORED ADR 80105N105 113,452 2,805,433 SH   DFND 4,11 2,805,433 0 0
SIRIUS XM HLDGS INC COM 82968B103 544,110 122,272,000 SH   DFND 4 122,272,000 0 0
SIRIUS XM HLDGS INC COM 82968B103 197,437 44,367,941 SH   DFND 4,8,11 44,367,941 0 0
SOUTHWEST AIRLS CO COM 844741108 435 8,722 SH   DFND 4,5,9 8,722 0 0
SOUTHWEST AIRLS CO COM 844741108 2,152,841 43,195,053 SH   DFND 4,11 43,195,053 0 0
TORCHMARK CORP COM 891027104 12,870 174,489 SH   DFND 2,4,11 174,489 0 0
TORCHMARK CORP COM 891027104 74,637 1,011,888 SH   DFND 4,5 1,011,888 0 0
TORCHMARK CORP COM 891027104 106,165 1,439,325 SH   DFND 4,10 1,439,325 0 0
TORCHMARK CORP COM 891027104 274,979 3,728,025 SH   DFND 4,11 3,728,025 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 129,906 4,632,867 SH   DFND 4 4,632,867 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 121,105 4,319,002 SH   DFND 4,8,11 4,319,002 0 0
US BANCORP DEL COM NEW 902973304 30,322 590,275 SH   DFND 4 590,275 0 0
US BANCORP DEL COM NEW 902973304 157,706 3,070,000 SH   DFND 1,2,4,11 3,070,000 0 0
US BANCORP DEL COM NEW 902973304 1,224,214 23,831,300 SH   DFND 4,5 23,831,300 0 0
US BANCORP DEL COM NEW 902973304 60,360 1,175,000 SH   DFND 4,6 1,175,000 0 0
US BANCORP DEL COM NEW 902973304 651,336 12,679,300 SH   DFND 4,8,11 12,679,300 0 0
US BANCORP DEL COM NEW 902973304 216,001 4,204,800 SH   DFND 4,5,9 4,204,800 0 0
US BANCORP DEL COM NEW 902973304 1,940,116 37,767,492 SH   DFND 4,11 37,767,492 0 0
US BANCORP DEL COM NEW 902973304 89,641 1,745,000 SH   DFND 4,14 1,745,000 0 0
U S G CORP COM NEW 903293405 405,333 14,035,088 SH   DFND 2,4,11 14,035,088 0 0
U S G CORP COM NEW 903293405 721,045 24,966,928 SH   DFND 4,11 24,966,928 0 0
UNITED CONTL HLDGS INC COM 910047109 169,896 2,331,169 SH   DFND 4 2,331,169 0 0
UNITED CONTL HLDGS INC COM 910047109 413,144 5,668,831 SH   DFND 4,8,11 5,668,831 0 0
UNITED CONTL HLDGS INC COM 910047109 1,526,935 20,951,353 SH   DFND 4,11 20,951,353 0 0
UNITED PARCEL SERVICE INC CL B 911312106 6,810 59,400 SH   DFND 4 59,400 0 0
VERISIGN INC COM 92343E102 383,945 5,047,264 SH   DFND 4 5,047,264 0 0
VERISIGN INC COM 92343E102 601,370 7,905,481 SH   DFND 4,8,11 7,905,481 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 50 928 SH   DFND 4 928 0 0
VERISK ANALYTICS INC CL A 92345Y106 126,904 1,563,434 SH   DFND 4,8,11 1,563,434 0 0
VISA INC COM CL A 92826C839 25,224 323,300 SH   DFND 4 323,300 0 0
VISA INC COM CL A 92826C839 798,859 10,239,160 SH   DFND 4,8,11 10,239,160 0 0
WABCO HLDGS INC COM 92927K102 183,183 1,725,701 SH   DFND 4 1,725,701 0 0
WABCO HLDGS INC COM 92927K102 174,372 1,642,693 SH   DFND 4,8,11 1,642,693 0 0
WAL MART STORES INC COM 931142103 65,388 946,000 SH   DFND 4,8,11 946,000 0 0
WAL MART STORES INC COM 931142103 30,932 447,513 SH   DFND 4,11 447,513 0 0
WELLS FARGO & CO NEW COM 949746101 411,973 7,475,470 SH   DFND 4 7,475,470 0 0
WELLS FARGO & CO NEW COM 949746101 906,560 16,450,000 SH   DFND 1,2,4,11 16,450,000 0 0
WELLS FARGO & CO NEW COM 949746101 292,276 5,303,500 SH   DFND 2,4,11 5,303,500 0 0
WELLS FARGO & CO NEW COM 949746101 375,457 6,812,857 SH   DFND 3,4,5 6,812,857 0 0
WELLS FARGO & CO NEW COM 949746101 4,135,885 75,047,819 SH   DFND 4,5 75,047,819 0 0
WELLS FARGO & CO NEW COM 949746101 45,190 820,000 SH   DFND 4,6 820,000 0 0
WELLS FARGO & CO NEW COM 949746101 93,687 1,700,000 SH   DFND 4,7 1,700,000 0 0
WELLS FARGO & CO NEW COM 949746101 1,998,024 36,255,200 SH   DFND 4,8,11 36,255,200 0 0
WELLS FARGO & CO NEW COM 949746101 565,814 10,267,000 SH   DFND 4,5,9 10,267,000 0 0
WELLS FARGO & CO NEW COM 949746101 3,073,834 55,776,330 SH   DFND 4,10 55,776,330 0 0
WELLS FARGO & CO NEW COM 949746101 14,125,948 256,322,774 SH   DFND 4,11 256,322,774 0 0
WELLS FARGO & CO NEW COM 949746101 153,647 2,788,000 SH   DFND 4,12 2,788,000 0 0
WELLS FARGO & CO NEW COM 949746101 88,712 1,609,720 SH   DFND 4,13 1,609,720 0 0
WELLS FARGO & CO NEW COM 949746101 169,496 3,075,600 SH   DFND 4,14 3,075,600 0 0
AXALTA COATING SYS LTD COM G0750C108 90,413 3,324,000 SH   DFND 4 3,324,000 0 0
AXALTA COATING SYS LTD COM G0750C108 544,000 20,000,000 SH   DFND 4,8,11 20,000,000 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 256,314 8,379,000 SH   DFND 4 8,379,000 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 361,020 11,801,897 SH   DFND 4,8,11 11,801,897 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 218,205 7,346,968 SH   DFND 4,8,11 7,346,968 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 23,929 1,089,669 SH   DFND 4 1,089,669 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 35,689 1,625,185 SH   DFND 4,8,11 1,625,185 0 0
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 27,183 1,284,020 SH   DFND 4,8,11 1,284,020 0 0