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
AMERICAN AIRLS GROUP INC COM 02376R102 1,032,528 21,742,000 SH   DFND 4 21,742,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 1,115,930 23,498,200 SH   DFND 4,8,11 23,498,200 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 83,573 1,759,800 SH   DFND 4,11 1,759,800 0 0
AMERICAN EXPRESS CO COM 025816109 176,591 1,952,142 SH   DFND 4 1,952,142 0 0
AMERICAN EXPRESS CO COM 025816109 1,558,210 17,225,400 SH   DFND 4,5 17,225,400 0 0
AMERICAN EXPRESS CO COM 025816109 75,971 839,832 SH   DFND 4,7 839,832 0 0
AMERICAN EXPRESS CO COM 025816109 186,085 2,057,100 SH   DFND 4,8,11 2,057,100 0 0
AMERICAN EXPRESS CO COM 025816109 723,195 7,994,634 SH   DFND 4,10 7,994,634 0 0
AMERICAN EXPRESS CO COM 025816109 10,868,034 120,141,879 SH   DFND 4,11 120,141,879 0 0
AMERICAN EXPRESS CO COM 025816109 126,618 1,399,713 SH   DFND 4,13 1,399,713 0 0
APPLE INC COM 037833100 109,425 710,000 SH   DFND 4 710,000 0 0
APPLE INC COM 037833100 147,955 960,000 SH   DFND 1,2,4,11 960,000 0 0
APPLE INC COM 037833100 2,150,128 13,951,000 SH   DFND 4,5 13,951,000 0 0
APPLE INC COM 037833100 104,956 681,000 SH   DFND 4,6 681,000 0 0
APPLE INC COM 037833100 2,371,251 15,385,747 SH   DFND 4,8,11 15,385,747 0 0
APPLE INC COM 037833100 468,217 3,038,000 SH   DFND 4,5,9 3,038,000 0 0
APPLE INC COM 037833100 1,842,967 11,958,000 SH   DFND 4,10 11,958,000 0 0
APPLE INC COM 037833100 13,221,498 85,787,035 SH   DFND 4,11 85,787,035 0 0
APPLE INC COM 037833100 104,493 678,000 SH   DFND 4,12 678,000 0 0
APPLE INC COM 037833100 145,489 944,000 SH   DFND 4,14 944,000 0 0
BANK AMER CORP COM 060505104 156,094 6,160,000 SH   DFND 4 6,160,000 0 0
BANK AMER CORP COM 060505104 301,546 11,900,000 SH   DFND 1,2,4,11 11,900,000 0 0
BANK AMER CORP COM 060505104 3,547,600 140,000,000 SH   DFND 3,4,5 140,000,000 0 0
BANK AMER CORP COM 060505104 141,904 5,600,000 SH   DFND 4,5 5,600,000 0 0
BANK AMER CORP COM 060505104 53,214 2,100,000 SH   DFND 4,6 2,100,000 0 0
BANK AMER CORP COM 060505104 7,900,505 311,780,000 SH   DFND 4,8,11 311,780,000 0 0
BANK AMER CORP COM 060505104 14,190 560,000 SH   DFND 4,5,9 560,000 0 0
BANK AMER CORP COM 060505104 4,132,954 163,100,000 SH   DFND 4,11 163,100,000 0 0
BANK AMER CORP COM 060505104 709,520 28,000,000 SH   DFND 4,12 28,000,000 0 0
BANK AMER CORP COM 060505104 248,332 9,800,000 SH   DFND 4,14 9,800,000 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 398,246 7,511,249 SH   DFND 4 7,511,249 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 113,887 2,148,000 SH   DFND 1,2,4,11 2,148,000 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 95,113 1,793,915 SH   DFND 2,4,11 1,793,915 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 24,230 457,000 SH   DFND 4,5 457,000 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 41,144 776,000 SH   DFND 4,6 776,000 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 326,624 6,160,384 SH   DFND 4,8,11 6,160,384 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 388,053 7,319,000 SH   DFND 4,5,9 7,319,000 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 1,162,413 21,924,040 SH   DFND 4,11 21,924,040 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 113,463 2,140,000 SH   DFND 4,12 2,140,000 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 617,936 1,700,337 SH   DFND 4 1,700,337 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 2,467,278 6,789,054 SH   DFND 4,8,11 6,789,054 0 0
COCA COLA CO COM 191216100 36,008 800,000 SH   DFND 4 800,000 0 0
COCA COLA CO COM 191216100 3,613,547 80,283,200 SH   DFND 4,5 80,283,200 0 0
COCA COLA CO COM 191216100 82,098 1,824,000 SH   DFND 4,6 1,824,000 0 0
COCA COLA CO COM 191216100 648,648 14,411,200 SH   DFND 4,8,11 14,411,200 0 0
COCA COLA CO COM 191216100 674,718 14,990,400 SH   DFND 4,10 14,990,400 0 0
COCA COLA CO COM 191216100 12,745,896 283,179,200 SH   DFND 4,11 283,179,200 0 0
COCA COLA CO COM 191216100 159,876 3,552,000 SH   DFND 4,12 3,552,000 0 0
COCA COLA CO COM 191216100 43,210 960,000 SH   DFND 4,13 960,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 711,928 4,333,363 SH   DFND 4,11 4,333,363 0 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 1,190,894 20,052,088 SH   DFND 4 20,052,088 0 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 1,099,516 18,513,482 SH   DFND 4,8,11 18,513,482 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 337,208 6,993,123 SH   DFND 4,8,11 6,993,123 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 2,223,775 46,117,272 SH   DFND 4,11 46,117,272 0 0
GENERAL MTRS CO COM 37045V100 624,794 15,472,853 SH   DFND 4 15,472,853 0 0
GENERAL MTRS CO COM 37045V100 1,004,945 24,887,209 SH   DFND 4,8,11 24,887,209 0 0
GENERAL MTRS CO COM 37045V100 339,286 8,402,338 SH   DFND 4,10 8,402,338 0 0
GENERAL MTRS CO COM 37045V100 453,774 11,237,600 SH   DFND 4,11 11,237,600 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,037,936 4,375,968 SH   DFND 4,8,11 4,375,968 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,561,552 6,583,551 SH   DFND 4,11 6,583,551 0 0
GRAHAM HLDGS CO COM 384637104 28,181 48,165 SH   DFND 4,10 0 0 48,165
GRAHAM HLDGS CO COM 384637104 34,761 59,410 SH   DFND 4,11 0 0 59,410
INTERNATIONAL BUSINESS MACHS COM 459200101 5,371,833 37,026,698 SH   DFND 4,11 37,026,698 0 0
JOHNSON & JOHNSON COM 478160104 42,526 327,100 SH   DFND 4 327,100 0 0
KRAFT HEINZ CO COM 500754106 25,252,980 325,634,818 SH   DFND 4 325,634,818 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 180,510 4,308,117 SH   DFND 4 4,308,117 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 326,476 7,791,780 SH   DFND 4,8,11 7,791,780 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 39,109 933,391 SH   DFND 4,10 933,391 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 76,554 1,827,072 SH   DFND 4,11 1,827,072 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 299,497 7,153,027 SH   DFND 4 7,153,027 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 810,599 19,359,910 SH   DFND 4,8,11 19,359,910 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 21,297 508,654 SH   DFND 4,10 508,654 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 170,386 4,069,394 SH   DFND 4,11 4,069,394 0 0
M & T BK CORP COM 55261F104 87,928 546,000 SH   DFND 4,8,11 546,000 0 0
M & T BK CORP COM 55261F104 26,539 164,795 SH   DFND 4,10 164,795 0 0
M & T BK CORP COM 55261F104 752,257 4,671,245 SH   DFND 4,11 4,671,245 0 0
MASTERCARD INC CL A 57636Q104 696,788 4,934,756 SH   DFND 4,8,11 4,934,756 0 0
MONDELEZ INTL INC CL A 609207105 23,501 578,000 SH   DFND 4 578,000 0 0
MOSANTO CO NEW COM 61166W101 393,609 3,285,000 SH   DFND 4 3,285,000 0 0
MOSANTO CO NEW COM 61166W101 669,610 5,588,469 SH   DFND 4,11 5,588,469 0 0
MOODYS CORP COM 615369105 1,666,891 11,973,928 SH   DFND 4,8,11 11,973,928 0 0
MOODYS CORP COM 615369105 1,767,389 12,695,850 SH   DFND 4,11 12,695,850 0 0
PHILLIPS 66 COM 718546104 559,004 6,102,000 SH   DFND 4 6,102,000 0 0
PHILLIPS 66 COM 718546104 71,639 782,000 SH   DFND 1,2,4,11 782,000 0 0
PHILLIPS 66 COM 718546104 477,563 5,213,000 SH   DFND 4,5 5,213,000 0 0
PHILLIPS 66 COM 718546104 106,542 1,163,000 SH   DFND 4,10 1,163,000 0 0
PHILLIPS 66 COM 718546104 6,061,274 66,163,892 SH   DFND 4,11 66,163,892 0 0
PHILLIPS 66 COM 718546104 115,978 1,266,000 SH   DFND 4,12 1,266,000 0 0
PROCTER & GAMBLE CO COM 742718109 28,695 315,400 SH   DFND 4 315,400 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 539,034 8,438,225 SH   DFND 4,11 8,438,225 0 0
SANOFI SPONSORED ADR 80105N105 20,982 421,400 SH   DFND 4,8,11 421,400 0 0
SANOFI SPONSORED ADR 80105N105 25,380 509,742 SH   DFND 4,5,9 509,742 0 0
SANOFI SPONSORED ADR 80105N105 8,429 169,300 SH   DFND 4,10 169,300 0 0
SANOFI SPONSORED ADR 80105N105 139,683 2,805,433 SH   DFND 4,11 2,805,433 0 0
SIRIUS XM HLDGS INC COM 82968B103 516,384 93,547,788 SH   DFND 4 93,547,788 0 0
SIRIUS XM HLDGS INC COM 82968B103 244,911 44,367,941 SH   DFND 4,8,11 44,367,941 0 0
SOUTHWEST AIRLS CO COM 844741108 488 8,722 SH   DFND 4,5,9 8,722 0 0
SOUTHWEST AIRLS CO COM 844741108 2,667,488 47,650,734 SH   DFND 4,11 47,650,734 0 0
STORE CAP CORP COM 862121100 463,121 18,621,674 SH   DFND 4,11 18,621,674 0 0
SYNCHRONY FINL COM 87165B103 542,226 17,463,000 SH   DFND 4 17,463,000 0 0
SYNCHRONY FINL COM 87165B103 103,707 3,340,000 SH   DFND 4,8,11 3,340,000 0 0
TORCHMARK CORP COM 891027104 13,975 174,489 SH   DFND 2,4,11 174,489 0 0
TORCHMARK CORP COM 891027104 81,042 1,011,888 SH   DFND 4,5 1,011,888 0 0
TORCHMARK CORP COM 891027104 115,276 1,439,325 SH   DFND 4,10 1,439,325 0 0
TORCHMARK CORP COM 891027104 298,578 3,728,025 SH   DFND 4,11 3,728,025 0 0
US BANCORP DEL COM NEW 902973304 31,633 590,275 SH   DFND 4 590,275 0 0
US BANCORP DEL COM NEW 902973304 164,521 3,070,000 SH   DFND 1,2,4,11 3,070,000 0 0
US BANCORP DEL COM NEW 902973304 1,277,119 23,831,300 SH   DFND 4,5 23,831,300 0 0
US BANCORP DEL COM NEW 902973304 62,968 1,175,000 SH   DFND 4,6 1,175,000 0 0
US BANCORP DEL COM NEW 902973304 679,484 12,679,300 SH   DFND 4,8,11 12,679,300 0 0
US BANCORP DEL COM NEW 902973304 225,335 4,204,800 SH   DFND 4,5,9 4,204,800 0 0
US BANCORP DEL COM NEW 902973304 2,023,960 37,767,492 SH   DFND 4,11 37,767,492 0 0
US BANCORP DEL COM NEW 902973304 93,515 1,745,000 SH   DFND 4,14 1,745,000 0 0
U S G CORP COM NEW 903293405 458,246 14,035,088 SH   DFND 2,4,11 14,035,088 0 0
U S G CORP COM NEW 903293405 815,170 24,966,928 SH   DFND 4,11 24,966,928 0 0
UNITED CONTL HLDGS INC COM 910047109 96,883 1,591,379 SH   DFND 4 1,591,379 0 0
UNITED CONTL HLDGS INC COM 910047109 345,118 5,668,831 SH   DFND 4,8,11 5,668,831 0 0
UNITED CONTL HLDGS INC COM 910047109 1,275,518 20,951,353 SH   DFND 4,11 20,951,353 0 0
UNITED PARCEL SERVICE INC CL B 911312106 7,133 59,400 SH   DFND 4 59,400 0 0
VERISIGN INC COM 92343E102 536,978 5,047,264 SH   DFND 4 5,047,264 0 0
VERISIGN INC COM 92343E102 841,064 7,905,481 SH   DFND 4,8,11 7,905,481 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 46 928 SH   DFND 4 928 0 0
VERISK ANALYTICS INC CL A 92345Y106 130,062 1,563,434 SH   DFND 4,8,11 1,563,434 0 0
VISA INC COM CL A 92826C839 34,024 323,300 SH   DFND 4 323,300 0 0
VISA INC COM CL A 92826C839 1,077,569 10,239,160 SH   DFND 4,8,11 10,239,160 0 0
WAL MART STORES INC COM 931142103 73,920 946,000 SH   DFND 4,8,11 946,000 0 0
WAL MART STORES INC COM 931142103 34,969 447,513 SH   DFND 4,11 447,513 0 0
WELLS FARGO & CO NEW COM 949746101 99,270 1,800,000 SH   DFND 4 1,800,000 0 0
WELLS FARGO & CO NEW COM 949746101 907,218 16,450,000 SH   DFND 1,2,4,11 16,450,000 0 0
WELLS FARGO & CO NEW COM 949746101 292,488 5,303,500 SH   DFND 2,4,11 5,303,500 0 0
WELLS FARGO & CO NEW COM 949746101 375,729 6,812,857 SH   DFND 3,4,5 6,812,857 0 0
WELLS FARGO & CO NEW COM 949746101 4,128,188 74,853,819 SH   DFND 4,5 74,853,819 0 0
WELLS FARGO & CO NEW COM 949746101 45,223 820,000 SH   DFND 4,6 820,000 0 0
WELLS FARGO & CO NEW COM 949746101 93,755 1,700,000 SH   DFND 4,7 1,700,000 0 0
WELLS FARGO & CO NEW COM 949746101 1,999,474 36,255,200 SH   DFND 4,8,11 36,255,200 0 0
WELLS FARGO & CO NEW COM 949746101 566,364 10,269,523 SH   DFND 4,5,9 10,269,523 0 0
WELLS FARGO & CO NEW COM 949746101 3,076,065 55,776,330 SH   DFND 4,10 55,776,330 0 0
WELLS FARGO & CO NEW COM 949746101 13,665,802 247,793,319 SH   DFND 4,11 247,793,319 0 0
WELLS FARGO & CO NEW COM 949746101 153,758 2,788,000 SH   DFND 4,12 2,788,000 0 0
WELLS FARGO & CO NEW COM 949746101 88,776 1,609,720 SH   DFND 4,13 1,609,720 0 0
WELLS FARGO & CO NEW COM 949746101 110,300 2,000,000 SH   DFND 4,14 2,000,000 0 0
AXALTA COATING SYS LTD COM G0750C108 96,130 3,324,000 SH   DFND 4 3,324,000 0 0
AXALTA COATING SYS LTD COM G0750C108 578,400 20,000,000 SH   DFND 4,8,11 20,000,000 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 284,132 8,379,000 SH   DFND 4 8,379,000 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 400,202 11,801,897 SH   DFND 4,8,11 11,801,897 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 240,246 7,346,968 SH   DFND 4,8,11 7,346,968 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 25,891 1,089,669 SH   DFND 4 1,089,669 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 38,614 1,625,185 SH   DFND 4,8,11 1,625,185 0 0
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 29,918 1,284,020 SH   DFND 4,8,11 1,284,020 0 0