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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
LEUCADIA NATL CORP COM 527288104 1,667 66,000 SH   SOLE   0 0 66,000
SEARS HLDGS CORP COM 812350106 208,116 28,508,998 SH   SOLE 1,2 21,775,773 0 6,733,225
SERITAGE GROWTH PPTYS CL A 81752R100 173,530 3,766,650 SH   SOLE 1 3,766,650 0 0
ST JOE CO COM 790148100 508,997 27,002,485 SH   SOLE 1 24,210,302 0 2,792,183
SEARS HLDGS CORP *W EXP 12/15/201 812350155 14,343 6,640,451 SH   SOLE 1,2 5,996,500 0 643,951