The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it 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 |
| Alleghany Corp Del | COM | 017175100 | 21,360 | 51,082 | SH | SOLE | 43,137 | 0 | 7,945 | ||
| Barrick Gold Corp | COM | 067901108 | 28,541 | 1,946,830 | SH | SOLE | 1,654,760 | 0 | 292,070 | ||
| Berkshire Hathaway Inc Del | CL B NEW | 084670702 | 14,783 | 107,013 | SH | SOLE | 56,320 | 0 | 50,693 | ||
| Devon Energy Corp New | COM | 25179m103 | 13,039 | 191,250 | SH | SOLE | 191,250 | 0 | 0 | ||
| EXCO Resources Inc | COM | 269279402 | 8,184 | 2,450,412 | SH | SOLE | 2,431,112 | 0 | 19,300 | ||
| Federated Invs Inc PA | CL B | 314211103 | 14,942 | 508,930 | SH | SOLE | 336,560 | 0 | 172,370 | ||
| Goldcorp Inc New | COM | 380956409 | 9,636 | 418,400 | SH | SOLE | 418,400 | 0 | 0 | ||
| Google Inc | CL A | 38259p508 | 12,675 | 21,541 | SH | SOLE | 15,139 | 0 | 6,402 | ||
| Google Inc | CL C | 38259p706 | 12,437 | 21,541 | SH | SOLE | 15,139 | 0 | 6,402 | ||
| Harbinger Group Inc | COM | 41146a106 | 9,120 | 695,100 | SH | SOLE | 695,100 | 0 | 0 | ||
| Hewlett Packard Co | COM | 428236103 | 67,459 | 1,901,854 | SH | SOLE | 1,622,376 | 0 | 279,478 | ||
| Leucadia Natl Corp | COM | 527288104 | 26,090 | 1,094,388 | SH | SOLE | 875,559 | 0 | 218,829 | ||
| Microsoft Corp | COM | 594918104 | 40,366 | 870,700 | SH | SOLE | 702,790 | 0 | 167,910 | ||
| Ocwen Finl Corp | COM NEW | 675746309 | 24,601 | 939,700 | SH | SOLE | 798,900 | 0 | 140,800 | ||
| Sears Hldgs Corp | COM | 812350106 | 7,724 | 306,152 | SH | SOLE | 273,759 | 0 | 32,393 | ||
| Spectrum Brands Hldgs Inc | COM | 84763r101 | 27,114 | 299,500 | SH | SOLE | 253,505 | 0 | 45,995 | ||
| Sprint Corp | COM SER 1 | 85207u105 | 117 | 18,400 | SH | SOLE | 18,400 | 0 | 0 | ||
| Staples Inc | COM | 855030102 | 21,933 | 1,812,660 | SH | SOLE | 1,617,910 | 0 | 194,750 | ||
| Systemax Inc | COM | 871851101 | 7,986 | 640,452 | SH | SOLE | 453,706 | 0 | 186,746 | ||
| Walter Inv Mgmt Corp | COM | 93317w102 | 49,949 | 2,275,600 | SH | SOLE | 1,967,848 | 0 | 307,752 | ||
| White Mtns Ins Group Ltd | COM | g9618e107 | 27,046 | 42,925 | SH | SOLE | 37,095 | 0 | 5,830 | ||
| WPX Energy Inc | COM | 98212b103 | 37,382 | 1,553,699 | SH | SOLE | 1,449,399 | 0 | 104,300 | ||
| Market Vectors ETF Tr | GOLD MINER ETF | 57060u100 | 754 | 35,300 | SH | SOLE | 35,300 | 0 | 0 | ||
| Deutsche Bk AG London BRH | 3X INV JAP GOV | 25154p188 | 2,724 | 168,337 | SH | SOLE | 168,337 | 0 | 0 | ||
| Deutsche Bk AG London BRH | INV JAP GOV BD | 25154p170 | 2,270 | 122,624 | SH | SOLE | 122,624 | 0 | 0 | ||
| SPDR S&P 500 ETF TR | PUT | 78462F953 | 1,599 | 13,000 | SH | SOLE | 13,000 | 0 | 0 | ||