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 1,094,057 21,742,000 SH   DFND 4 21,742,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 1,182,429 23,498,200 SH   DFND 4,8,11 23,498,200 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 88,553 1,759,800 SH   DFND 4,11 1,759,800 0 0
AMERICAN EXPRESS CO COM 025816109 164,448 1,952,142 SH   DFND 4 1,952,142 0 0
AMERICAN EXPRESS CO COM 025816109 1,451,068 17,225,400 SH   DFND 4,5 17,225,400 0 0
AMERICAN EXPRESS CO COM 025816109 70,747 839,832 SH   DFND 4,7 839,832 0 0
AMERICAN EXPRESS CO COM 025816109 173,290 2,057,100 SH   DFND 4,8,11 2,057,100 0 0
AMERICAN EXPRESS CO COM 025816109 673,468 7,994,634 SH   DFND 4,10 7,994,634 0 0
AMERICAN EXPRESS CO COM 025816109 10,120,752 120,141,879 SH   DFND 4,11 120,141,879 0 0
AMERICAN EXPRESS CO COM 025816109 117,912 1,399,713 SH   DFND 4,13 1,399,713 0 0
APPLE INC COM 037833100 102,254 710,000 SH   DFND 4 710,000 0 0
APPLE INC COM 037833100 138,259 960,000 SH   DFND 1,2,4,11 960,000 0 0
APPLE INC COM 037833100 2,009,223 13,951,000 SH   DFND 4,5 13,951,000 0 0
APPLE INC COM 037833100 98,078 681,000 SH   DFND 4,6 681,000 0 0
APPLE INC COM 037833100 2,215,855 15,385,747 SH   DFND 4,8,11 15,385,747 0 0
APPLE INC COM 037833100 437,533 3,038,000 SH   DFND 4,5,9 3,038,000 0 0
APPLE INC COM 037833100 1,722,191 11,958,000 SH   DFND 4,10 11,958,000 0 0
APPLE INC COM 037833100 11,793,252 81,886,213 SH   DFND 4,11 81,886,213 0 0
APPLE INC COM 037833100 97,646 678,000 SH   DFND 4,12 678,000 0 0
APPLE INC COM 037833100 135,955 944,000 SH   DFND 4,14 944,000 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 383,224 7,511,249 SH   DFND 4 7,511,249 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 109,591 2,148,000 SH   DFND 1,2,4,11 2,148,000 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 91,526 1,793,915 SH   DFND 2,4,11 1,793,915 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 23,316 457,000 SH   DFND 4,5 457,000 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 39,592 776,000 SH   DFND 4,6 776,000 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 314,303 6,160,384 SH   DFND 4,8,11 6,160,384 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 373,415 7,319,000 SH   DFND 4,5,9 7,319,000 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 1,118,565 21,924,040 SH   DFND 4,11 21,924,040 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 109,183 2,140,000 SH   DFND 4,12 2,140,000 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 894,147 2,654,437 SH   DFND 4 2,654,437 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 2,286,893 6,789,054 SH   DFND 4,8,11 6,789,054 0 0
COCA COLA CO COM 191216100 35,880 800,000 SH   DFND 4 800,000 0 0
COCA COLA CO COM 191216100 3,600,702 80,283,200 SH   DFND 4,5 80,283,200 0 0
COCA COLA CO COM 191216100 81,806 1,824,000 SH   DFND 4,6 1,824,000 0 0
COCA COLA CO COM 191216100 646,342 14,411,200 SH   DFND 4,8,11 14,411,200 0 0
COCA COLA CO COM 191216100 672,319 14,990,400 SH   DFND 4,10 14,990,400 0 0
COCA COLA CO COM 191216100 12,700,587 283,179,200 SH   DFND 4,11 283,179,200 0 0
COCA COLA CO COM 191216100 159,307 3,552,000 SH   DFND 4,12 3,552,000 0 0
COCA COLA CO COM 191216100 43,056 960,000 SH   DFND 4,13 960,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 693,035 4,333,363 SH   DFND 4,11 4,333,363 0 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 1,298,573 20,052,088 SH   DFND 4 20,052,088 0 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 1,198,933 18,513,482 SH   DFND 4,8,11 18,513,482 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 375,810 6,993,123 SH   DFND 4,8,11 6,993,123 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 2,478,342 46,117,272 SH   DFND 4,11 46,117,272 0 0
GENERAL MTRS CO COM 37045V100 540,467 15,472,853 SH   DFND 4 15,472,853 0 0
GENERAL MTRS CO COM 37045V100 869,310 24,887,209 SH   DFND 4,8,11 24,887,209 0 0
GENERAL MTRS CO COM 37045V100 293,494 8,402,338 SH   DFND 4,10 8,402,338 0 0
GENERAL MTRS CO COM 37045V100 392,529 11,237,600 SH   DFND 4,11 11,237,600 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 971,027 4,375,968 SH   DFND 4,8,11 4,375,968 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,460,890 6,583,551 SH   DFND 4,11 6,583,551 0 0
GRAHAM HLDGS CO COM 384637104 28,882 48,165 SH   DFND 4,10 0 0 48,165
GRAHAM HLDGS CO COM 384637104 35,625 59,410 SH   DFND 4,11 0 0 59,410
INTERNATIONAL BUSINESS MACHS COM 459200101 8,319,845 54,084,673 SH   DFND 4,11 54,084,673 0 0
JOHNSON & JOHNSON COM 478160104 43,272 327,100 SH   DFND 4 327,100 0 0
KRAFT HEINZ CO COM 500754106 27,887,366 325,634,818 SH   DFND 4 325,634,818 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 180,855 4,308,117 SH   DFND 4 4,308,117 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 327,099 7,791,780 SH   DFND 4,8,11 7,791,780 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 39,184 933,391 SH   DFND 4,10 933,391 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 76,700 1,827,072 SH   DFND 4,11 1,827,072 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 298,281 7,153,027 SH   DFND 4 7,153,027 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 807,308 19,359,910 SH   DFND 4,8,11 19,359,910 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 21,211 508,654 SH   DFND 4,10 508,654 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 169,694 4,069,394 SH   DFND 4,11 4,069,394 0 0
M & T BK CORP COM 55261F104 88,425 546,000 SH   DFND 4,8,11 546,000 0 0
M & T BK CORP COM 55261F104 26,689 164,795 SH   DFND 4,10 164,795 0 0
M & T BK CORP COM 55261F104 756,508 4,671,245 SH   DFND 4,11 4,671,245 0 0
MASTERCARD INC CL A 57636Q104 599,326 4,934,756 SH   DFND 4,8,11 4,934,756 0 0
MONDELEZ INTL INC CL A 609207105 24,964 578,000 SH   DFND 4 578,000 0 0
MOSANTO CO NEW COM 61166W101 388,813 3,285,000 SH   DFND 4 3,285,000 0 0
MOSANTO CO NEW COM 61166W101 563,013 4,756,784 SH   DFND 4,11 4,756,784 0 0
MOODYS CORP COM 615369105 1,456,988 11,973,928 SH   DFND 4,8,11 11,973,928 0 0
MOODYS CORP COM 615369105 1,544,831 12,695,850 SH   DFND 4,11 12,695,850 0 0
PHILLIPS 66 COM 718546104 504,574 6,102,000 SH   DFND 4 6,102,000 0 0
PHILLIPS 66 COM 718546104 64,664 782,000 SH   DFND 1,2,4,11 782,000 0 0
PHILLIPS 66 COM 718546104 431,063 5,213,000 SH   DFND 4,5 5,213,000 0 0
PHILLIPS 66 COM 718546104 0 0 SH   DFND 4,8,11 0 0 0
PHILLIPS 66 COM 718546104 96,168 1,163,000 SH   DFND 4,10 1,163,000 0 0
PHILLIPS 66 COM 718546104 5,471,092 66,163,892 SH   DFND 4,11 66,163,892 0 0
PHILLIPS 66 COM 718546104 104,686 1,266,000 SH   DFND 4,12 1,266,000 0 0
PROCTER & GAMBLE CO COM 742718109 27,487 315,400 SH   DFND 4 315,400 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 527,727 8,438,225 SH   DFND 4,11 8,438,225 0 0
SANOFI SPONSORED ADR 80105N105 20,189 421,400 SH   DFND 4,8,11 421,400 0 0
SANOFI SPONSORED ADR 80105N105 24,422 509,742 SH   DFND 4,5,9 509,742 0 0
SANOFI SPONSORED ADR 80105N105 8,111 169,300 SH   DFND 4,10 169,300 0 0
SANOFI SPONSORED ADR 80105N105 134,408 2,805,433 SH   DFND 4,11 2,805,433 0 0
SIRIUS XM HLDGS INC COM 82968B103 511,706 93,547,788 SH   DFND 4 93,547,788 0 0
SIRIUS XM HLDGS INC COM 82968B103 242,693 44,367,941 SH   DFND 4,8,11 44,367,941 0 0
SOUTHWEST AIRLS CO COM 844741108 542 8,722 SH   DFND 4,5,9 8,722 0 0
SOUTHWEST AIRLS CO COM 844741108 2,961,017 47,650,734 SH   DFND 4,11 47,650,734 0 0
STORE CAP CORP COM 862121100 418,057 18,621,674 SH   DFND 4,11 18,621,674 0 0
SYNCHRONY FINL COM 87165B103 520,747 17,463,000 SH   DFND 4 17,463,000 0 0
TORCHMARK CORP COM 891027104 13,348 174,489 SH   DFND 2,4,11 174,489 0 0
TORCHMARK CORP COM 891027104 77,409 1,011,888 SH   DFND 4,5 1,011,888 0 0
TORCHMARK CORP COM 891027104 110,108 1,439,325 SH   DFND 4,10 1,439,325 0 0
TORCHMARK CORP COM 891027104 285,194 3,728,025 SH   DFND 4,11 3,728,025 0 0
US BANCORP DEL COM NEW 902973304 30,647 590,275 SH   DFND 4 590,275 0 0
US BANCORP DEL COM NEW 902973304 159,394 3,070,000 SH   DFND 1,2,4,11 3,070,000 0 0
US BANCORP DEL COM NEW 902973304 1,237,321 23,831,300 SH   DFND 4,5 23,831,300 0 0
US BANCORP DEL COM NEW 902973304 61,006 1,175,000 SH   DFND 4,6 1,175,000 0 0
US BANCORP DEL COM NEW 902973304 658,309 12,679,300 SH   DFND 4,8,11 12,679,300 0 0
US BANCORP DEL COM NEW 902973304 218,313 4,204,800 SH   DFND 4,5,9 4,204,800 0 0
US BANCORP DEL COM NEW 902973304 1,960,888 37,767,492 SH   DFND 4,11 37,767,492 0 0
US BANCORP DEL COM NEW 902973304 90,600 1,745,000 SH   DFND 4,14 1,745,000 0 0
U S G CORP COM NEW 903293405 407,298 14,035,088 SH   DFND 2,4,11 14,035,088 0 0
U S G CORP COM NEW 903293405 724,540 24,966,928 SH   DFND 4,11 24,966,928 0 0
UNITED CONTL HLDGS INC COM 910047109 119,751 1,591,379 SH   DFND 4 1,591,379 0 0
UNITED CONTL HLDGS INC COM 910047109 426,580 5,668,831 SH   DFND 4,8,11 5,668,831 0 0
UNITED CONTL HLDGS INC COM 910047109 1,576,589 20,951,353 SH   DFND 4,11 20,951,353 0 0
UNITED PARCEL SERVICE INC CL B 911312106 6,569 59,400 SH   DFND 4 59,400 0 0
VERISIGN INC COM 92343E102 469,194 5,047,264 SH   DFND 4 5,047,264 0 0
VERISIGN INC COM 92343E102 734,894 7,905,481 SH   DFND 4,8,11 7,905,481 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 41 928 SH   DFND 4 928 0 0
VERISK ANALYTICS INC CL A 92345Y106 131,907 1,563,434 SH   DFND 4,8,11 1,563,434 0 0
VISA INC COM CL A 92826C839 30,319 323,300 SH   DFND 4 323,300 0 0
VISA INC COM CL A 92826C839 960,228 10,239,160 SH   DFND 4,8,11 10,239,160 0 0
WABCO HLDGS INC COM 92927K102 8,058 63,195 SH   DFND 4,8,11 63,195 0 0
WAL MART STORES INC COM 931142103 71,593 946,000 SH   DFND 4,8,11 946,000 0 0
WAL MART STORES INC COM 931142103 33,868 447,513 SH   DFND 4,11 447,513 0 0
WELLS FARGO & CO NEW COM 949746101 133,594 2,411,000 SH   DFND 4 2,411,000 0 0
WELLS FARGO & CO NEW COM 949746101 911,495 16,450,000 SH   DFND 1,2,4,11 16,450,000 0 0
WELLS FARGO & CO NEW COM 949746101 293,867 5,303,500 SH   DFND 2,4,11 5,303,500 0 0
WELLS FARGO & CO NEW COM 949746101 377,500 6,812,857 SH   DFND 3,4,5 6,812,857 0 0
WELLS FARGO & CO NEW COM 949746101 4,158,400 75,047,819 SH   DFND 4,5 75,047,819 0 0
WELLS FARGO & CO NEW COM 949746101 45,436 820,000 SH   DFND 4,6 820,000 0 0
WELLS FARGO & CO NEW COM 949746101 94,197 1,700,000 SH   DFND 4,7 1,700,000 0 0
WELLS FARGO & CO NEW COM 949746101 2,008,901 36,255,200 SH   DFND 4,8,11 36,255,200 0 0
WELLS FARGO & CO NEW COM 949746101 579,422 10,457,000 SH   DFND 4,5,9 10,457,000 0 0
WELLS FARGO & CO NEW COM 949746101 3,090,566 55,776,330 SH   DFND 4,10 55,776,330 0 0
WELLS FARGO & CO NEW COM 949746101 13,883,299 250,555,844 SH   DFND 4,11 250,555,844 0 0
WELLS FARGO & CO NEW COM 949746101 154,483 2,788,000 SH   DFND 4,12 2,788,000 0 0
WELLS FARGO & CO NEW COM 949746101 89,195 1,609,720 SH   DFND 4,13 1,609,720 0 0
WELLS FARGO & CO NEW COM 949746101 110,820 2,000,000 SH   DFND 4,14 2,000,000 0 0
AXALTA COATING SYS LTD COM G0750C108 106,501 3,324,000 SH   DFND 4 3,324,000 0 0
AXALTA COATING SYS LTD COM G0750C108 640,800 20,000,000 SH   DFND 4,8,11 20,000,000 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 269,133 8,379,000 SH   DFND 4 8,379,000 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 379,077 11,801,897 SH   DFND 4,8,11 11,801,897 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 229,078 7,346,968 SH   DFND 4,8,11 7,346,968 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 23,722 1,089,669 SH   DFND 4 1,089,669 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 35,380 1,625,185 SH   DFND 4,8,11 1,625,185 0 0
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 27,491 1,284,020 SH   DFND 4,8,11 1,284,020 0 0