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 70,301 3,277,427 SH   SOLE 1 2,765,227 0 512,200
LEUCADIA NATL CORP COM 527288104 1,716 66,000 SH   SOLE   0 0 66,000
SEARS CDA INC COM 81234D109 28,050 20,777,978 SH   SOLE 1,2 17,525,771 0 3,252,207
SEARS HLDGS CORP COM 812350106 332,238 28,915,448 SH   SOLE 1,2 22,026,773 0 6,888,675
SEARS HLDGS CORP *W EXP 12/15/201 812350155 20,837 6,699,984 SH   SOLE 1,2 6,034,848 0 665,136
SEARS HOMETOWN & OUTLET STOR COM 812362101 3,030 776,850 SH   SOLE 1 640,300 0 136,550
SERITAGE GROWTH PPTYS CL A 81752R100 158,229 3,666,950 SH   SOLE 1 3,656,950 0 10,000
ST JOE CO COM 790148100 416,040 24,401,157 SH   SOLE 1 23,299,802 0 1,101,355
WASHINGTON PRIME GROUP NEW COM 93964W108 2,959 340,500 SH   SOLE 1 136,600 0 203,900