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
3M CO COM 88579Y101 3,086 22,000 SH   DFND 2,3 22,000 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 1,716 30,000 SH   DFND 2,3 30,000 0 0
AIR PRODS & CHEMS INC COM 009158106 21,574 193,000 SH   DFND 2,3 193,000 0 0
AIR PRODS & CHEMS INC COM 009158106 782 7,000 SH   DFND 3 7,000 0 0
AIR PRODS & CHEMS INC COM 009158106 5,086 45,500 SH   DFND 3,4 45,500 0 0
AIR PRODS & CHEMS INC COM 009158106 45,215 404,500 SH   DFND 5 404,500 0 0
AMERICAN EXPRESS CO COM 025816109 3,175 35,000 SH   DFND 2,3 35,000 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 38,026 2,347,312 SH   DFND 2,3 2,347,312 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 1,373 84,764 SH   DFND 3 84,764 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 8,822 544,585 SH   DFND 3,4 544,585 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 73,278 4,523,339 SH   DFND 5 4,523,339 0 0
APACHE CORP COM 037411105 23,169 269,600 SH   DFND 2,3 269,600 0 0
APACHE CORP COM 037411105 845 9,831 SH   DFND 3 9,831 0 0
APACHE CORP COM 037411105 5,388 62,700 SH   DFND 3,4 62,700 0 0
APACHE CORP COM 037411105 56,537 657,869 SH   DFND 5 657,869 0 0
APPLE INC COM 037833100 29,173 52,000 SH   DFND 2,3 52,000 0 0
APPLE INC COM 037833100 982 1,750 SH   DFND 3 1,750 0 0
APPLE INC COM 037833100 5,610 10,000 SH   DFND 3,4 10,000 0 0
APPLE INC COM 037833100 140,979 251,250 SH   DFND 5 251,250 0 0
ARES CAP CORP COM 04010L103 3,179 178,907 SH   DFND 3 178,907 0 0
ARES COML REAL ESTATE CORP COM 04013V108 1,639 125,115 SH   DFND 3 125,115 0 0
ARES DYNAMIC CR ALLOCATION F COM 04014F102 159 8,865 SH   DFND 3 8,865 0 0
AUTODESK INC COM 052769106 1,258 25,000 SH   DFND 2,3 25,000 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 1,616 20,000 SH   DFND 2,3 20,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 2,371 20,000 SH   DFND 2,3 20,000 0 0
BOEING CO COM 097023105 25,724 188,470 SH   DFND 2,3 188,470 0 0
BOEING CO COM 097023105 1,228 9,000 SH   DFND 3 9,000 0 0
BOEING CO COM 097023105 5,869 43,000 SH   DFND 3,4 43,000 0 0
BOEING CO COM 097023105 49,409 362,000 SH   DFND 5 362,000 0 0
CEDAR FAIR L P DEPOSITRY UNIT 150185106 43,135 870,000 SH   DFND 2,3 870,000 0 0
CHUBB CORP COM 171232101 2,899 30,000 SH   DFND 2,3 30,000 0 0
COCA COLA CO COM 191216100 2,479 60,000 SH   DFND 2,3 60,000 0 0
CONOCOPHILLIPS COM 20825C104 2,120 30,000 SH   DFND 2,3 30,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 2,380 20,000 SH   DFND 2,3 20,000 0 0
CUMMINS INC COM 231021106 21,711 154,009 SH   DFND 2,3 154,009 0 0
CUMMINS INC COM 231021106 694 4,924 SH   DFND 3 4,924 0 0
CUMMINS INC COM 231021106 4,614 32,729 SH   DFND 3,4 32,729 0 0
CUMMINS INC COM 231021106 38,532 273,338 SH   DFND 5 273,338 0 0
DEERE & CO COM 244199105 2,740 30,000 SH   DFND 2,3 30,000 0 0
DISNEY WALT CO COM DISNEY 254687106 3,438 45,000 SH   DFND 2,3 45,000 0 0
DOLLAR GEN CORP NEW COM 256677105 18,571 307,876 SH   DFND 2,3 307,876 0 0
DOLLAR GEN CORP NEW COM 256677105 698 11,566 SH   DFND 3 11,566 0 0
DOLLAR GEN CORP NEW COM 256677105 4,430 73,435 SH   DFND 3,4 73,435 0 0
DOLLAR GEN CORP NEW COM 256677105 36,622 607,123 SH   DFND 5 607,123 0 0
DU PONT EI DE NEMOURS & CO COM 263534109 2,599 40,000 SH   DFND 2,3 40,000 0 0
EMERSON ELEC CO COM 291011104 23,621 336,576 SH   DFND 2,3 336,576 0 0
EMERSON ELEC CO COM 291011104 752 10,710 SH   DFND 3 10,710 0 0
EMERSON ELEC CO COM 291011104 4,818 68,653 SH   DFND 3,4 68,653 0 0
EMERSON ELEC CO COM 291011104 40,288 574,061 SH   DFND 5 574,061 0 0
EXXON MOBIL CORP COM 30231G102 3,036 30,000 SH   DFND 2,3 30,000 0 0
FEDEX CORP COM 31428X106 2,157 15,000 SH   DFND 2,3 15,000 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 42,458 1,125,000 SH   DFND 2,3 1,125,000 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 2,264 60,000 SH   DFND 3 60,000 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 14,153 375,000 SH   DFND 3,4 375,000 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 14,341 380,000 SH   DFND 5 380,000 0 0
GOOGLE INC COM 38259P508 2,802 2,500 SH   DFND 2,3 2,500 0 0
HOME DEPOT INC COM 437076102 1,647 20,000 SH   DFND 2,3 20,000 0 0
INTEL CORP COM 458140100 2,206 85,000 SH   DFND 2,3 85,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 2,251 12,000 SH   DFND 2,3 12,000 0 0
JOHNSON AND JOHNSON COM 478160104 2,748 30,000 SH   DFND 2,3 30,000 0 0
JPMORGAN CHASE & CO COM 46625H100 1,754 30,000 SH   DFND 2,3 30,000 0 0
KELLOGG CO COM 487836108 2,137 35,000 SH   DFND 2,3 35,000 0 0
LAS VEGAS SANDS CORP COM 517834107 16,978 215,270 SH   DFND 2,3 215,270 0 0
LAS VEGAS SANDS CORP COM 517834107 517 6,560 SH   DFND 3 6,560 0 0
LAS VEGAS SANDS CORP COM 517834107 3,384 42,900 SH   DFND 3,4 42,900 0 0
LAS VEGAS SANDS CORP COM 517834107 28,598 362,600 SH   DFND 5 362,600 0 0
LAUDER ESTEE COS INC CL A 518439104 1,883 25,000 SH   DFND 2,3 25,000 0 0
LILLY ELI & CO COM 532457108 14,526 284,833 SH   DFND 2,3 284,833 0 0
LILLY ELI & CO COM 532457108 433 8,485 SH   DFND 3 8,485 0 0
LILLY ELI & CO COM 532457108 2,779 54,486 SH   DFND 3,4 54,486 0 0
LILLY ELI & CO COM 532457108 23,062 452,196 SH   DFND 5 452,196 0 0
LOEWS CORP COM 540424108 1,206 25,000 SH   DFND 2,3 25,000 0 0
MCKESSON CORP COM 58155Q103 21,985 136,215 SH   DFND 2,3 136,215 0 0
MCKESSON CORP COM 58155Q103 798 4,945 SH   DFND 3 4,945 0 0
MCKESSON CORP COM 58155Q103 5,059 31,347 SH   DFND 3,4 31,347 0 0
MCKESSON CORP COM 58155Q103 44,787 277,493 SH   DFND 5 277,493 0 0
MEDTRONIC INC COM 585055106 3,156 55,000 SH   DFND 2,3 55,000 0 0
MICROSOFT CORP COM 594918104 3,180 85,000 SH   DFND 2,3 85,000 0 0
NOBLE ENERGY INC COM 655044105 2,724 40,000 SH   DFND 2,3 40,000 0 0
NORDSTROM INC COM 655664100 1,854 30,000 SH   DFND 2,3 30,000 0 0
NOVARTIS AG SPONSORED ADR 66987V109 2,010 25,000 SH   DFND 2,3 25,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 30,407 319,738 SH   DFND 2,3 319,738 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1,033 10,862 SH   DFND 3 10,862 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 6,600 69,400 SH   DFND 3,4 69,400 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 71,325 750,000 SH   DFND 5 750,000 0 0
OLD REP INTL CORP COM 680223104 39,721 2,300,000 SH   DFND 3 2,300,000 0 0
ORACLE CORP COM 68389X105 16,590 433,622 SH   DFND 2,3 433,622 0 0
ORACLE CORP COM 68389X105 507 13,257 SH   DFND 3 13,257 0 0
ORACLE CORP COM 68389X105 3,336 87,180 SH   DFND 3,4 87,180 0 0
ORACLE CORP COM 68389X105 27,775 725,941 SH   DFND 5 725,941 0 0
PACCAR INC COM 693718108 1,775 30,000 SH   DFND 2,3 30,000 0 0
PHILIP MORRIS INTL INC COM 718172109 28,383 325,751 SH   DFND 2,3 325,751 0 0
PHILIP MORRIS INTL INC COM 718172109 974 11,178 SH   DFND 3 11,178 0 0
PHILIP MORRIS INTL INC COM 718172109 6,279 72,065 SH   DFND 3,4 72,065 0 0
PHILIP MORRIS INTL INC COM 718172109 52,801 606,006 SH   DFND 5 606,006 0 0
PROCTER & GAMBLE CO COM 742718109 2,442 30,000 SH   DFND 2,3 30,000 0 0
ROPER INDS INC NEW COM 776696106 3,759 27,106 SH   DFND 2,3 27,106 0 0
ROPER INDS INC NEW COM 776696106 136 978 SH   DFND 3 978 0 0
ROPER INDS INC NEW COM 776696106 872 6,288 SH   DFND 3,4 6,288 0 0
ROPER INDS INC NEW COM 776696106 7,238 52,194 SH   DFND 5 52,194 0 0
SAP AG SPON ADR 803054204 23,265 266,981 SH   DFND 2,3 266,981 0 0
SAP AG SPON ADR 803054204 708 8,125 SH   DFND 3 8,125 0 0
SAP AG SPON ADR 803054204 4,464 51,226 SH   DFND 3,4 51,226 0 0
SAP AG SPON ADR 803054204 40,055 459,668 SH   DFND 5 459,668 0 0
SCHLUMBERGER LTD COM 806857108 2,703 30,000 SH   DFND 2,3 30,000 0 0
SYSCO CORP COM 871829107 1,444 40,000 SH   DFND 2,3 40,000 0 0
TIME WARNER CABLE INC COM 88732J207 4,737 34,960 SH   DFND 2,3 34,960 0 0
TIME WARNER CABLE INC COM 88732J207 230 1,697 SH   DFND 3 1,697 0 0
TIME WARNER CABLE INC COM 88732J207 1,619 11,950 SH   DFND 3,4 11,950 0 0
TIME WARNER CABLE INC COM 88732J207 40,839 301,393 SH   DFND 5 301,393 0 0
TRONOX LTD SHS CL A Q9235V101 3,134 135,832 SH   DFND 2,3 135,832 0 0
TRONOX LTD SHS CL A Q9235V101 110 4,784 SH   DFND 3 4,784 0 0
TRONOX LTD SHS CL A Q9235V101 719 31,168 SH   DFND 3,4 31,168 0 0
TRONOX LTD SHS CL A Q9235V101 6,034 261,561 SH   DFND 5 261,561 0 0
UNITED PARCEL SERVICE INC CL B 911312106 32,785 312,000 SH   DFND 2,3 312,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,261 12,000 SH   DFND 3 12,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 7,986 76,000 SH   DFND 3,4 76,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 10,508 100,000 SH   DFND 5 100,000 0 0
US BANCORP DEL COM NEW 902973304 1,414 35,000 SH   DFND 2,3 35,000 0 0
VISA INC COM CL A 92826C839 44,536 200,000 SH   DFND 0 200,000 0 0
VISA INC COM CL A 92826C839 84,173 378,000 SH   DFND 2,3 378,000 0 0
VISA INC COM CL A 92826C839 3,563 16,000 SH   DFND 3 16,000 0 0
VISA INC COM CL A 92826C839 23,604 106,000 SH   DFND 3,4 106,000 0 0
VISA INC COM CL A 92826C839 57,897 260,000 SH   DFND 5 260,000 0 0
WAL MART STORES INC COM 931142103 24,751 314,539 SH   DFND 2,3 314,539 0 0
WAL MART STORES INC COM 931142103 788 10,010 SH   DFND 3 10,010 0 0
WAL MART STORES INC COM 931142103 5,098 64,782 SH   DFND 3,4 64,782 0 0
WAL MART STORES INC COM 931142103 42,939 545,669 SH   DFND 5 545,669 0 0
WELLS FARGO & CO NEW COM 949746101 17,914 394,576 SH   DFND 2,3 394,576 0 0
WELLS FARGO & CO NEW COM 949746101 593 13,061 SH   DFND 3 13,061 0 0
WELLS FARGO & CO NEW COM 949746101 3,785 83,363 SH   DFND 3,4 83,363 0 0
WELLS FARGO & CO NEW COM 949746101 38,318 844,000 SH   DFND 5 844,000 0 0
WILLIAMS COS INC DEL COM 969457100 115,710 3,000,000 SH   DFND 3 3,000,000 0 0