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
LANDS END INC NEW COM 51509F105 42,553 2,855,900 SH   SOLE 1 2,350,100 0 505,800
LEUCADIA NATL CORP COM 527288104 1,727 66,000 SH   SOLE   0 0 66,000
SEARS CDA INC COM 81234D109 17,294 21,562,974 SH   SOLE 1,2 17,525,771 0 4,037,203
SEARS HLDGS CORP COM 812350106 255,738 28,864,348 SH   SOLE 1,2 22,026,773 0 6,837,575
SEARS HLDGS CORP *W EXP 12/15/201 812350155 13,655 6,693,474 SH   SOLE 1,2 6,034,848 0 658,626
SEARS HOMETOWN & OUTLET STOR COM 812362101 2,097 776,850 SH   SOLE 1 640,300 0 136,550
SERITAGE GROWTH PPTYS CL A 81752R100 159,710 3,807,150 SH   SOLE 1 3,766,650 0 40,500
ST JOE CO COM 790148100 477,835 25,484,557 SH   SOLE 1 23,506,102 0 1,978,455
WASHINGTON PRIME GROUP NEW COM 93964W108 11,143 1,331,300 SH   SOLE 1 551,900 0 779,400