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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 1,748 66,000 SH   SOLE   0 0 66,000
SEARS HLDGS CORP COM 812350106 86,222 24,084,301 SH   SOLE 1 18,979,221 0 5,105,080
SERITAGE GROWTH PPTYS CL A 81752R100 132,442 3,273,398 SH   SOLE 1 3,273,398 0 0
ST JOE CO COM 790148100 503,550 27,897,499 SH   SOLE 1 24,930,535 0 2,966,964
SEARS HLDGS CORP *W EXP 12/15/201 812350155 2,041 5,830,968 SH   SOLE 1 4,290,590 0 1,540,378