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
AT&T INC COM 00206R102 11,649 346,900 SH   SOLE 1 198,000 0 148,900
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 2,055 9,600 SH   SOLE   0 0 9,600
JEFFERIES FINL GROUP INC COM 47233W109 1,449 66,000 SH   SOLE   0 0 66,000
SEARS HLDGS CORP COM 812350106 13,606 14,055,740 SH   SOLE 1 10,652,121 0 3,403,619
SEARS HLDGS CORP *W EXP 12/15/201 812350155 117 5,549,754 SH   SOLE 1 4,185,997 0 1,363,757
SPECTRUM BRANDS HLDGS INC NE COM 84790A105 21,761 291,228 SH   SOLE 1 242,321 0 48,907
ST JOE CO COM 790148100 460,227 27,394,450 SH   SOLE 1 24,723,335 0 2,671,115
VISTA OUTDOOR INC COM 928377100 63,187 3,532,000 SH   SOLE 1 2,951,400 0 580,600
VISTRA ENERGY CORP COM 92840M102 25,261 1,015,300 SH   SOLE 1 890,000 0 125,300