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

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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
LANDS END INC NEW COM 51509F105 50,673 3,344,727 SH   SOLE 1 2,820,427 0 524,300
LEUCADIA NATL CORP COM 527288104 1,534 66,000 SH   SOLE   0 0 66,000
SEARS CDA INC COM 81234D109 34,567 20,333,775 SH   SOLE 1,2 17,525,771 0 2,808,004
SEARS HLDGS CORP COM 812350106 257,485 27,716,348 SH   SOLE 1,2 21,671,473 0 6,044,875
SEARS HLDGS CORP *W EXP 12/15/201 812350155 23,851 6,718,568 SH   SOLE 1,2 6,034,848 0 683,720
SEARS HOMETOWN & OUTLET STOR COM 812362101 3,651 776,850 SH   SOLE 1 640,300 0 136,550
SERITAGE GROWTH PPTYS CL A 81752R100 146,655 3,433,750 SH   SOLE 1 3,433,750 0 0
ST JOE CO COM 790148100 464,156 24,429,257 SH   SOLE 1 23,299,802 0 1,129,455