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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
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 26,482 131,825 SH   SOLE 1 113,200 0 18,625
ST JOE CO COM 790148100 437,516 26,532,198 SH   SOLE 1 24,723,335 0 1,808,863
VISTA OUTDOOR INC COM 928377100 9,284 1,159,000 SH   SOLE 1 1,035,300 0 123,700