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

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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
3M Company COM 88579y101 3,280 30,000 SH   SOLE 0 30,000 0 0
3M Company COM 88579y101 19,224 175,800 SH   DFND 1 174,000 0 1,800
Accenture COM G1151C101 720 10,000 SH   SOLE 0 10,000 0 0
Accenture COM G1151C101 7,743 107,600 SH   DFND 1 100,000 0 7,600
Air Products & Chemicals COM 009158106 2,381 26,000 SH   DFND 1 24,000 0 2,000
Alleghany Corporation COM 017175100 1,659 4,328 SH   SOLE 0 4,328 0 0
Alliance Holdings GP COM 01861G100 10,614 166,500 SH   DFND 1 165,000 0 1,500
Alpha Natural Resources COM 02076x102 1,268 242,000 SH   DFND 1 240,000 0 2,000
Amazon.com COM 023135106 2,999 10,800 SH   DFND 1 10,800 0 0
American Express COM 025816109 748 10,000 SH   SOLE 0 10,000 0 0
American Express COM 025816109 26,759 357,936 SH   DFND 1 339,000 0 18,936
Anheuser-Busch Inbev ADR COM 03524A108 35,703 395,553 SH   DFND 1 390,000 0 5,553
Arch Coal Inc COM 039380100 1,497 396,000 SH   DFND 1 395,000 0 1,000
Archer Daniels COM 039483102 46,925 1,383,800 SH   DFND 1 1,376,000 0 7,800
Automatic Data Processing COM 053015103 36,220 526,000 SH   DFND 1 520,700 0 5,300
Bank of New York Mellon Corp COM 064058100 85 3,019 SH   SOLE 0 3,019 0 0
Bank of New York Mellon Corp COM 064058100 7,280 259,527 SH   DFND 1 247,907 0 11,620
Berkshire Hathaway Class B COM 084670702 54,292 485,100 SH   SOLE 0 485,100 0 0
Berkshire Hathaway Class B COM 084670702 119,205 1,065,095 SH   DFND 1 1,026,507 0 38,588
Berkshire Hathaway, Inc. COM 084670108 46,365 275 SH   SOLE 0 275 0 0
Berkshire Hathaway, Inc. COM 084670108 138,926 824 SH   DFND 1 803 0 21
Blackrock Inc COM 09247X101 2,337 9,100 SH   DFND 1 9,000 0 100
Blackstone Group COM 09253U108 2,462 116,900 SH   DFND 1 115,000 0 1,900
Brookfield Asset Management COM 112585104 15,489 430,000 SH   SOLE 0 430,000 0 0
Brookfield Asset Management COM 112585104 96,765 2,686,419 SH   DFND 1 2,569,548 0 116,871
Brookfield Property Partners COM G16249107 501 24,682 SH   SOLE 0 24,682 0 0
Brookfield Property Partners COM G16249107 3,054 150,440 SH   DFND 1 143,757 0 6,683
Brown & Brown COM 115236101 11,788 365,628 SH   DFND 1 365,628 0 0
Brown Forman Class A COM 115637100 28,799 425,640 SH   DFND 1 421,500 0 4,140
Brown-Forman Class B COM 115637209 7,185 106,372 SH   DFND 1 105,375 0 997
Calumet COM 131476103 364 10,000 SH   SOLE 0 10,000 0 0
Calumet COM 131476103 982 27,000 SH   DFND 1 25,000 0 2,000
Capital One COM 14040H105 11,771 187,400 SH   DFND 1 178,000 0 9,400
Carbo Ceramics Inc COM 140781105 1,214 18,000 SH   SOLE 0 18,000 0 0
Carbo Ceramics Inc COM 140781105 13,486 200,000 SH   DFND 1 200,000 0 0
Carlyle Group COM 14309L102 513 20,000 SH   DFND 1 20,000 0 0
Carmax COM 143130102 10,848 235,000 SH   SOLE 0 235,000 0 0
Carmax COM 143130102 224,996 4,874,271 SH   DFND 1 4,728,070 0 146,201
Caterpillar Inc COM 149123101 20,227 245,200 SH   DFND 1 241,000 0 4,200
Charles Schwab COM 808513105 21,799 1,026,816 SH   DFND 1 985,000 0 41,816
Chevron COM 166764100 5,089 43,000 SH   DFND 1 42,000 0 1,000
Coca Cola Co COM 191216100 5,375 134,000 SH   DFND 1 130,000 0 4,000
Colfax Corporation COM 194014106 56,543 1,085,070 SH   SOLE 0 1,085,070 0 0
Consol Energy COM 20854p109 840 31,000 SH   DFND 1 30,000 0 1,000
Core Labs NV COM N22717107 910 6,000 SH   DFND 1 6,000 0 0
Costco COM 22160K105 553 5,000 SH   SOLE 0 5,000 0 0
Costco COM 22160K105 3,903 35,300 SH   DFND 1 34,000 0 1,300
Diageo PLC COM 25243Q205 37,761 328,500 SH   SOLE 0 328,500 0 0
Diageo PLC COM 25243Q205 103,498 900,375 SH   DFND 1 861,500 0 38,875
Disney COM 254687106 12,630 200,000 SH   SOLE 0 200,000 0 0
Disney COM 254687106 83,922 1,328,935 SH   DFND 1 1,284,500 0 44,435
ENI Spa ADR COM 26874R108 1,231 30,000 SH   DFND 1 30,000 0 0
Ecolab COM 278865100 4,123 48,400 SH   DFND 1 48,000 0 400
Emerson Electric COM 291011104 9,261 169,800 SH   DFND 1 158,000 0 11,800
Enterprise Products Lmtd Ptnsh COM 293792107 392 6,300 SH   DFND 1 0 0 6,300
Expeditors Int'l Wash Inc COM 302130109 5,059 133,000 SH   DFND 1 133,000 0 0
Exxon Corporation COM 30231G102 18,052 199,800 SH   SOLE 0 199,800 0 0
Exxon Corporation COM 30231G102 58,356 645,883 SH   DFND 1 619,000 0 26,883
Factset Research COM 303075105 3,568 35,000 SH   DFND 1 35,000 0 0
Fairfax Financial Holdings Ltd COM 303901102 76,890 197,104 SH   SOLE 0 197,104 0 0
Fairfax Financial Holdings Ltd COM 303901102 32,127 82,355 SH   DFND 1 82,355 0 0
Federated Investors COM 314211103 274 10,000 SH   SOLE 0 10,000 0 0
Federated Investors COM 314211103 58,822 2,146,000 SH   DFND 1 2,124,000 0 22,000
Fidelity National Financial COM 31620R105 233 9,800 SH   DFND 1 0 0 9,800
General Dynamics COM 369550108 31,423 401,158 SH   DFND 1 387,000 0 14,158
General Electric COM 369604103 56,387 2,431,531 SH   DFND 1 2,356,000 0 75,531
Google COM 38259P508 8,187 9,300 SH   DFND 1 9,300 0 0
Hasbro, Inc COM 418056107 8,554 190,800 SH   DFND 1 188,000 0 2,800
Heritage Crystal Clean Inc COM 42726M106 3,791 259,500 SH   DFND 1 259,500 0 0
Home Depot COM 437076102 1,549 20,000 SH   SOLE 0 20,000 0 0
Home Depot COM 437076102 71,876 927,798 SH   DFND 1 900,000 0 27,798
Illinois Tool Works COM 452308109 16,871 243,905 SH   DFND 1 230,000 0 13,905
Intel COM 458140100 1,454 60,000 SH   SOLE 0 60,000 0 0
Intel COM 458140100 18,778 775,000 SH   DFND 1 750,000 0 25,000
International Business Machine COM 459200101 1,911 10,000 SH   SOLE 0 10,000 0 0
International Business Machine COM 459200101 1,930 10,100 SH   DFND 1 10,000 0 100
International Game Technology COM 459902102 4,177 250,000 SH   SOLE 0 250,000 0 0
International Game Technology COM 459902102 15,695 939,263 SH   DFND 1 915,000 0 24,263
Investors Title Company COM 461804106 16,185 228,150 SH   DFND 1 213,300 0 14,850
Johnson and Johnson COM 478160104 4,722 55,000 SH   SOLE 0 55,000 0 0
Johnson and Johnson COM 478160104 45,330 527,950 SH   DFND 1 519,200 0 8,750
KKR & Co LLC COM 48248M102 2,261 115,000 SH   DFND 1 115,000 0 0
Leucadia National Corp COM 527288104 18,798 716,933 SH   DFND 1 700,000 0 16,933
Liberty Media COM 531229102 10,775 85,000 SH   DFND 1 85,000 0 0
Loews Corporation COM 540424108 10,687 240,700 SH   DFND 1 235,000 0 5,700
Lowes COM 548661107 3,885 95,000 SH   SOLE 0 95,000 0 0
Lowes COM 548661107 19,538 477,700 SH   DFND 1 445,000 0 32,700
Marriott International COM 571903202 7,346 181,965 SH   SOLE 0 181,965 0 0
Marriott International COM 571903202 47,632 1,179,877 SH   DFND 1 1,101,907 0 77,970
Mastercard, Inc COM 57636Q104 4,596 8,000 SH   DFND 1 8,000 0 0
Mattel COM 577081102 6,389 141,000 SH   DFND 1 140,000 0 1,000
McDonalds COM 580135101 18,757 189,462 SH   DFND 1 181,000 0 8,462
Microsoft Corp COM 594918104 26,689 772,600 SH   DFND 1 760,000 0 12,600
Monsanto Co COM 61166W101 3,527 35,700 SH   DFND 1 33,000 0 2,700
Moody's Corp COM 615369105 9,469 155,400 SH   DFND 1 155,000 0 400
National Oilwell COM 637071101 13,160 191,000 SH   DFND 1 191,000 0 0
Natural Resource Partners COM 63900P103 2,096 101,900 SH   DFND 1 100,000 0 1,900
Nike COM 654106103 7,667 120,400 SH   DFND 1 120,000 0 400
Norfolk Southern COM 655844108 6,858 94,400 SH   DFND 1 92,000 0 2,400
Northern Trust Corp COM 665859104 8,106 140,000 SH   DFND 1 140,000 0 0
Novo-Nordisk A/S COM 670100205 34,884 225,100 SH   DFND 1 215,000 0 10,100
Oneok,Inc COM 682680103 2,892 70,000 SH   DFND 1 70,000 0 0
Oracle Corp COM 68389x105 20,127 655,400 SH   DFND 1 632,000 0 23,400
Patterson Companies Inc. COM 703395103 5,475 145,600 SH   DFND 1 145,000 0 600
Paychex COM 704326107 5,509 150,900 SH   DFND 1 150,000 0 900
Peabody Energy COM 704549104 3,806 260,000 SH   DFND 1 260,000 0 0
Pepsico COM 713448108 10,657 130,300 SH   DFND 1 129,300 0 1,000
Philip Morris International COM 718172109 10,109 116,700 SH   DFND 1 114,500 0 2,200
Plum Creek Lumber MLP COM 729251108 7,000 150,000 SH   SOLE 0 150,000 0 0
Plum Creek Lumber MLP COM 729251108 8,181 175,300 SH   DFND 1 175,000 0 300
Procter & Gamble COM 742718109 2,625 34,100 SH   DFND 1 33,000 0 1,100
Quaterra Resources COM 747952109 19 200,000 SH   DFND 1 0 0 200,000
RLI Corporation COM 749607107 46,752 611,858 SH   DFND 1 598,636 0 13,222
Ross Stores, Inc COM 778296103 1,167 18,000 SH   DFND 1 18,000 0 0
SEI Investments Co COM 784117103 3,696 130,000 SH   DFND 1 130,000 0 0
Schlumberger COM 806857108 10,749 150,000 SH   DFND 1 150,000 0 0
Starz Liberty Capital COM 85571Q102 265 12,000 SH   DFND 1 12,000 0 0
Synalloy Corporation COM 871565107 7,537 485,343 SH   SOLE 0 485,343 0 0
Sysco Corp COM 871829107 799 23,382 SH   DFND 1 0 0 23,382
T.Rowe Price COM 74144T108 805 11,000 SH   SOLE 0 11,000 0 0
T.Rowe Price COM 74144T108 17,531 239,500 SH   DFND 1 239,000 0 500
Teva Pharmaceuticals COM 881624209 27,401 699,000 SH   DFND 1 690,000 0 9,000
Union First Market Bankshares COM 90662P104 34,145 1,658,339 SH   SOLE 0 1,658,339 0 0
United Health Group Inc COM 91324P102 37,311 569,800 SH   DFND 1 560,000 0 9,800
United Parcel Service COM 911312106 6,012 69,520 SH   SOLE 0 69,520 0 0
United Parcel Service COM 911312106 58,632 677,986 SH   DFND 1 645,980 0 32,006
United Technologies COM 913017109 4,982 53,600 SH   DFND 1 53,000 0 600
Visa COM 92826C839 21,857 119,600 SH   DFND 1 119,500 0 100
W.P. Carey COM 92936U109 2,978 45,000 SH   SOLE 0 45,000 0 0
W.P. Carey COM 92936U109 60,109 908,400 SH   DFND 1 905,200 0 3,200
Wal-Mart Stores COM 931142103 82,656 1,109,622 SH   DFND 1 1,062,000 0 47,622
Walgreen COM 931422109 94,933 2,147,800 SH   DFND 1 2,115,000 0 32,800
Washington Post Co COM 939640108 2,564 5,300 SH   DFND 1 5,200 0 100
Washington Real Estate Investm COM 939653101 248 9,200 SH   DFND 1 0 0 9,200
Wellpoint Inc COM 94973V107 6,384 78,000 SH   DFND 1 78,000 0 0