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 | 16,464 | 35,522 | SH | SOLE | 27,577 | 0 | 7,945 | ||
| Barrick Gold Corp | COM | 067901108 | 24,697 | 2,297,430 | SH | SOLE | 1,951,410 | 0 | 346,020 | ||
| Berkshire Hathaway Inc Del | CL B NEW | 084670702 | 9,077 | 60,456 | SH | SOLE | 20,163 | 0 | 40,293 | ||
| EXCO Resources Inc | COM | 269279402 | 5,046 | 2,325,412 | SH | SOLE | 2,306,112 | 0 | 19,300 | ||
| Federated Invs Inc PA | CL B | 314211103 | 16,608 | 504,330 | SH | SOLE | 332,260 | 0 | 172,070 | ||
| Goldcorp Inc New | COM | 380956409 | 907 | 49,000 | SH | SOLE | 49,000 | 0 | 0 | ||
| Google Inc | CL A | 38259p508 | 11,431 | 21,541 | SH | SOLE | 15,139 | 0 | 6,402 | ||
| Google Inc | CL C | 38259p706 | 11,339 | 21,541 | SH | SOLE | 15,139 | 0 | 6,402 | ||
| Harbinger Group Inc | COM | 41146a106 | 9,843 | 695,100 | SH | SOLE | 695,100 | 0 | 0 | ||
| Hewlett Packard Co | COM | 428236103 | 52,711 | 1,313,506 | SH | SOLE | 1,064,628 | 0 | 248,878 | ||
| Leucadia Natl Corp | COM | 527288104 | 23,210 | 1,035,238 | SH | SOLE | 813,209 | 0 | 222,029 | ||
| Microsoft Corp | COM | 594918104 | 11,827 | 254,625 | SH | SOLE | 156,615 | 0 | 98,010 | ||
| Ocwen Finl Corp | COM NEW | 675746309 | 18,465 | 1,222,830 | SH | SOLE | 1,009,850 | 0 | 212,980 | ||
| Sears Hldgs Corp | COM | 812350106 | 9,385 | 284,562 | SH | SOLE | 254,669 | 0 | 29,893 | ||
| Spectrum Brands Hldgs Inc | COM | 84763r101 | 19,272 | 201,420 | SH | SOLE | 155,425 | 0 | 45,995 | ||
| Staples Inc | COM | 855030102 | 25,779 | 1,422,660 | SH | SOLE | 1,227,910 | 0 | 194,750 | ||
| Systemax Inc | COM | 871851101 | 8,610 | 637,752 | SH | SOLE | 451,006 | 0 | 186,746 | ||
| Verizon Communications Inc | COM | 92343v104 | 3,714 | 79,400 | SH | SOLE | 70,200 | 0 | 9,200 | ||
| Walter Inv Mgmt Corp | COM | 93317w102 | 46,563 | 2,820,306 | SH | SOLE | 2,467,804 | 0 | 352,502 | ||
| White Mtns Ins Group Ltd | COM | g9618e107 | 23,831 | 37,821 | SH | SOLE | 31,991 | 0 | 5,830 | ||
| WPX Energy Inc | COM | 98212b103 | 44,672 | 3,841,081 | SH | SOLE | 3,260,581 | 0 | 580,500 | ||
| Market Vectors ETF Tr | GOLD MINER ETF | 57060u100 | 7,646 | 416,000 | SH | SOLE | 416,000 | 0 | 0 | ||
| Deutsche Bk AG London BRH | 3X INV JAP GOV | 25154p188 | 2,587 | 168,337 | SH | SOLE | 168,337 | 0 | 0 | ||
| Deutsche Bk AG London BRH | INV JAP GOV BD | 25154p170 | 2,232 | 122,624 | SH | SOLE | 122,624 | 0 | 0 | ||
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 1,820 | 7,250 | SH | Put | SOLE | 7,250 | 0 | 0 | |
| Sears Hldgs Corp | W EXP 12/15/201 | 812350155 | 1,495 | 71,555 | SH | SOLE | 64,836 | 0 | 6,719 | ||
| Hewlett Packard Co | COM | 428236103 | 522 | 5,307 | SH | Put | SOLE | 5,307 | 0 | 0 | |