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
BERKSHIRE HATHAWAY INC DEL COM 084670702 5,860 44,379 SH   SOLE   0 0 44,379
BROOKFIELD ASSET MGMT INC CL A 112585104 2,694 85,428 SH   SOLE   0 0 85,428
CONTINENTAL RESOURCES INC COM 212015101 1,305 56,788 SH   SOLE   0 0 56,788
DISH NETWORK CORP CL A 25470M109 2,556 44,700 SH   SOLE   0 0 44,700
DISNEY WALT CO COM 254687106 252 2,400 SH   SOLE   0 0 2,400
DREAMWORKS ANIMATION SKG INC CL A 26153C103 4,709 182,730 SH   SOLE   0 0 182,730
ECHOSTAR CORP COM 278768106 1,988 50,825 SH   SOLE   0 0 50,825
EMERGENT CAP INC COM 29102N105 1,085 294,123 SH   SOLE   0 0 294,123
GREEN BRICK PARTNERS INC COM 392709101 1,562 216,900 SH   SOLE   0 0 216,900
HOWARD HUGHES CORP COM 44267D107 10,991 97,126 SH   SOLE   0 0 97,126
ICAHN ENTERPRISES LP DEP U 451100101 7,506 122,449 SH   SOLE   0 0 122,449
JOHNSON & JOHNSON COM 478160104 247 2,400 SH   SOLE   0 0 2,400
LIBERTY BROADBAND CORP COM A 530307107 990 19,161 SH   SOLE   0 0 19,161
LIBERTY BROADBAND CORP COM C 530307305 2,742 52,875 SH   SOLE   0 0 52,875
LIBERTY INTERACTIVE CORP QVC COM A 53071M104 956 35,000 SH   SOLE   0 0 35,000
LIBERTY INTERACTIVE CORP VENT COM A 53071M880 6,918 153,349 SH   SOLE   0 0 153,349
LIBERTY MEDIA CORP DELAWARE CL A 531229102 3,110 79,231 SH   SOLE   0 0 79,231
LIBERTY MEDIA CORP DELAWARE COM C 531229300 6,207 162,997 SH   SOLE   0 0 162,997
NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 232 16,800 SH   SOLE   0 0 16,800
NUVEEN PERFORMANCE PLUS MUN COM 67062P108 223 14,900 SH   SOLE   0 0 14,900
PERSHING GOLD CORP COM 715302204 791 225,489 SH   SOLE   0 0 225,489
PINGTAN MARINE ENTERPRISE LT SHS G7114V102 81 49,769 SH   SOLE   0 0 49,769
PLATFORM SPECIALTY PRODS COR COM 72766Q105 2,549 198,675 SH   SOLE   0 0 198,675
RESTAURANT BRANDS INTL INC COM 76131D103 516 13,800 SH   SOLE   0 0 13,800
RLI CORP COM 749607107 482 7,810 SH   SOLE   0 0 7,810
SEARS CDA INC COM 81234D109 958 187,422 SH   SOLE   0 0 187,422
SEARS HLDGS CORP COM 812350106 2,179 105,995 SH   SOLE   0 0 105,995
SEARS HLDGS CORP WARR 812350155 296 26,950 SH   SOLE   0 0 26,950
SILVER WHEATON CORP COM 828336107 1,113 89,600 SH   SOLE   0 0 89,600
STARZ COM A 85571Q102 2,632 78,553 SH   SOLE   0 0 78,553
TEMPLETON RUS AND EAST EUR F COM 88022F105 153 14,500 SH   SOLE   0 0 14,500
TEXAS PAC LD TR SUS CTF 882610108 5,209 39,784 SH   SOLE   0 0 39,784
TRI POINTE GROUP INC COM 87265H109 887 70,000 SH   SOLE   0 0 70,000