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 | 13,659 | 27,527 | SH | SOLE | 22,512 | 0 | 5,015 | ||
| ALPHABET INC | CAP STK CL A | 02079k305 | 7,336 | 9,616 | SH | SOLE | 9,080 | 0 | 536 | ||
| ALPHABET INC | CAP STK CL C | 02079k107 | 12,957 | 17,393 | SH | SOLE | 13,044 | 0 | 4,349 | ||
| BARRICK GOLD CORP | COM | 067901108 | 41,522 | 3,057,585 | SH | SOLE | 2,631,795 | 0 | 425,790 | ||
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 9,420 | 66,396 | SH | SOLE | 42,893 | 0 | 23,503 | ||
| COLFAX CORP | COM | 194014106 | 2,373 | 83,000 | SH | SOLE | 83,000 | 0 | 0 | ||
| EXCO RESOURCES INC | COM | 269279402 | 44 | 44,700 | SH | SOLE | 31,400 | 0 | 13,300 | ||
| FEDERATED INVS INC PA | CL B | 314211103 | 12,599 | 436,705 | SH | SOLE | 315,725 | 0 | 120,980 | ||
| HEWLETT PACKARD ENTERPRISE C | COM | 42824c109 | 10,710 | 604,049 | SH | SOLE | 537,654 | 0 | 66,395 | ||
| HP INC | COM | 40434l105 | 15,333 | 1,244,599 | SH | SOLE | 1,066,054 | 0 | 178,545 | ||
| HRG GROUP INC | COM | 40434j100 | 6,711 | 481,800 | SH | SOLE | 481,800 | 0 | 0 | ||
| LEUCADIA NATL CORP | COM | 527288104 | 14,443 | 893,215 | SH | SOLE | 725,295 | 0 | 167,920 | ||
| MICROSOFT CORP | COM | 594918104 | 3,066 | 55,510 | SH | SOLE | 12,560 | 0 | 42,950 | ||
| SEARS HOLDINGS CORP | COM | 812350106 | 6,055 | 395,477 | SH | SOLE | 347,869 | 0 | 47,608 | ||
| SPECTRUM BRANDS HLDGS INC | COM | 84763r101 | 14,827 | 135,680 | SH | SOLE | 107,615 | 0 | 28,065 | ||
| STAPLES INC | COM | 855030102 | 15,728 | 1,425,910 | SH | SOLE | 1,189,710 | 0 | 236,200 | ||
| SYSTEMAX INC | COM | 871851101 | 4,847 | 552,733 | SH | SOLE | 441,517 | 0 | 111,216 | ||
| VERIZON COMMUNICATIONS INC | COM | 92343v104 | 14,236 | 263,234 | SH | SOLE | 221,186 | 0 | 42,048 | ||
| WALTER INV MGMT CORP | COM | 93317w102 | 19,171 | 2,509,283 | SH | SOLE | 2,185,732 | 0 | 323,551 | ||
| WHITE MTNS INS GROUP LTD | COM | g9618e107 | 18,234 | 22,719 | SH | SOLE | 19,379 | 0 | 3,340 | ||
| WPX ENERGY INC | COM | 98212b103 | 31,368 | 4,487,624 | SH | SOLE | 3,850,749 | 0 | 636,875 | ||
| WPX ENERGY INC | PFD SER A CV | 98212b202 | 1,409 | 38,320 | SH | SOLE | 32,065 | 0 | 6,255 | ||
| SERITAGE GROWTH PPTYS | CL A | 81752r100 | 4,042 | 80,894 | SH | SOLE | 72,641 | 0 | 8,253 | ||
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 511 | 2,630 | SH | Put | SOLE | 2,630 | 0 | 0 | |
| WALTER INVT MGMT CORP | NOTE 4.500%11/0 | 93317waa0 | 1,141 | 2,000,000 | PRN | SOLE | 2,000,000 | 0 | 0 | ||