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 Company COM 88579y101 4,207 30,000 SH   SOLE   30,000 0 0
3M Company COM 88579y101 24,642 175,700 SH   DFND 1 174,000 0 1,700
Accenture COM G1151C101 822 10,000 SH   SOLE   10,000 0 0
Accenture COM G1151C101 8,584 104,400 SH   DFND 1 100,000 0 4,400
Air Products & Chemicals COM 009158106 2,794 25,000 SH   DFND 1 24,000 0 1,000
Alleghany Corporation COM 017175100 1,731 4,328 SH   SOLE   4,328 0 0
Alliance Holdings GP COM 01861G100 9,762 166,500 SH   DFND 1 165,000 0 1,500
Amazon.com COM 023135106 6,261 15,700 SH   DFND 1 15,700 0 0
American Express COM 025816109 907 10,000 SH   SOLE   10,000 0 0
American Express COM 025816109 31,075 342,500 SH   DFND 1 339,000 0 3,500
Anheuser-Busch Inbev ADR COM 03524A108 43,819 411,600 SH   DFND 1 410,000 0 1,600
Apollo Global Management - A COM 037612306 4,909 155,300 SH   DFND 1 155,300 0 0
Apollo Group COM 037604105 2,869 105,000 SH   DFND 1 105,000 0 0
Arch Coal Inc COM 039380100 1,095 246,000 SH   DFND 1 245,000 0 1,000
Archer Daniels COM 039483102 60,057 1,383,800 SH   DFND 1 1,376,000 0 7,800
Automatic Data Processing COM 053015103 42,993 532,100 SH   DFND 1 527,700 0 4,400
Bank of New York Mellon Corp COM 064058100 3,899 111,603 SH   DFND 1 100,926 0 10,677
Berkshire Hathaway Class B COM 084670702 57,513 485,100 SH   SOLE   485,100 0 0
Berkshire Hathaway Class B COM 084670702 123,558 1,042,157 SH   DFND 1 1,026,507 0 15,650
Berkshire Hathaway, Inc. COM 084670108 48,922 275 SH   SOLE   275 0 0
Berkshire Hathaway, Inc. COM 084670108 145,700 819 SH   DFND 1 803 0 16
Blackrock Inc COM 09247X101 18,798 59,400 SH   DFND 1 59,000 0 400
Blackstone Group COM 09253U108 9,274 294,400 SH   DFND 1 291,000 0 3,400
Brookfield Asset Management COM 112585104 16,697 430,000 SH   SOLE   430,000 0 0
Brookfield Asset Management COM 112585104 108,241 2,787,573 SH   DFND 1 2,714,548 0 73,025
Brookfield Property Partners COM G16249107 3,442 172,624 SH   DFND 1 168,439 0 4,185
Brown & Brown COM 115236101 11,477 365,628 SH   DFND 1 365,628 0 0
Brown Forman Class A COM 115637100 31,388 425,490 SH   DFND 1 421,500 0 3,990
Brown-Forman Class B COM 115637209 8,039 106,372 SH   DFND 1 105,375 0 997
Calumet COM 131476103 260 10,000 SH   SOLE   10,000 0 0
Calumet COM 131476103 1,093 42,000 SH   DFND 1 40,000 0 2,000
Capital One COM 14040H105 14,357 187,400 SH   DFND 1 178,000 0 9,400
Carlyle Group COM 14309L102 6,982 196,000 SH   DFND 1 196,000 0 0
Carmax COM 143130102 11,050 235,000 SH   SOLE   235,000 0 0
Carmax COM 143130102 225,286 4,791,288 SH   DFND 1 4,728,070 0 63,218
Caterpillar Inc COM 149123101 21,976 242,000 SH   DFND 1 241,000 0 1,000
Charles Schwab COM 808513105 25,992 999,700 SH   DFND 1 985,000 0 14,700
Chevron COM 166764100 11,866 95,000 SH   DFND 1 94,000 0 1,000
Coca Cola Co COM 191216100 5,449 131,900 SH   DFND 1 130,000 0 1,900
Colfax Corporation COM 194014106 69,108 1,085,070 SH   SOLE   1,085,070 0 0
Copart Inc COM 217204106 10,262 280,000 SH   DFND 1 280,000 0 0
Core Labs NV COM N22717107 1,909 10,000 SH   DFND 1 10,000 0 0
Costco COM 22160K105 595 5,000 SH   SOLE   5,000 0 0
Costco COM 22160K105 4,082 34,300 SH   DFND 1 34,000 0 300
Diageo PLC COM 25243Q205 43,500 328,500 SH   SOLE   328,500 0 0
Diageo PLC COM 25243Q205 116,837 882,320 SH   DFND 1 861,500 0 20,820
Disney COM 254687106 115,249 1,508,500 SH   DFND 1 1,484,500 0 24,000
ENI Spa ADR COM 26874R108 8,098 167,000 SH   DFND 1 167,000 0 0
Ecolab COM 278865100 5,881 56,400 SH   DFND 1 56,000 0 400
Emerson Electric COM 291011104 11,432 162,900 SH   DFND 1 158,000 0 4,900
Enterprise Products Lmtd Ptnsh COM 293792107 418 6,300 SH   DFND 1 0 0 6,300
Expeditors Int'l Wash Inc COM 302130109 6,062 137,000 SH   DFND 1 137,000 0 0
Exxon Corporation COM 30231G102 20,220 199,800 SH   SOLE   199,800 0 0
Exxon Corporation COM 30231G102 68,560 677,466 SH   DFND 1 664,000 0 13,466
Factset Research COM 303075105 6,080 56,000 SH   DFND 1 56,000 0 0
Fairfax Financial Holdings Ltd COM 303901102 78,853 197,104 SH   SOLE   197,104 0 0
Fairfax Financial Holdings Ltd COM 303901102 32,947 82,355 SH   DFND 1 82,355 0 0
Federated Investors COM 314211103 288 10,000 SH   SOLE   10,000 0 0
Federated Investors COM 314211103 61,796 2,145,700 SH   DFND 1 2,124,000 0 21,700
Fidelity National Financial COM 31620R105 2,586 79,700 SH   DFND 1 76,000 0 3,700
General Dynamics COM 369550108 38,067 398,400 SH   DFND 1 387,000 0 11,400
General Electric COM 369604103 72,830 2,598,300 SH   DFND 1 2,567,000 0 31,300
Google COM 38259P508 14,009 12,500 SH   DFND 1 12,500 0 0
Graham Holdings Co COM 384637104 3,516 5,300 SH   DFND 1 5,200 0 100
Hasbro, Inc COM 418056107 12,036 218,800 SH   DFND 1 216,000 0 2,800
Heritage Crystal Clean Inc COM 42726M106 5,317 259,500 SH   DFND 1 259,500 0 0
Home Depot COM 437076102 1,647 20,000 SH   SOLE   20,000 0 0
Home Depot COM 437076102 75,415 915,900 SH   DFND 1 900,000 0 15,900
Illinois Tool Works COM 452308109 20,280 241,200 SH   DFND 1 230,000 0 11,200
Intel COM 458140100 1,557 60,000 SH   SOLE   60,000 0 0
Intel COM 458140100 24,364 938,700 SH   DFND 1 925,000 0 13,700
International Business Machine COM 459200101 1,876 10,000 SH   SOLE   10,000 0 0
International Business Machine COM 459200101 2,663 14,200 SH   DFND 1 14,000 0 200
International Game Technology COM 459902102 4,540 250,000 SH   SOLE   250,000 0 0
International Game Technology COM 459902102 14,196 781,700 SH   DFND 1 765,000 0 16,700
Investors Title Company COM 461804106 17,500 216,100 SH   DFND 1 213,300 0 2,800
Johnson and Johnson COM 478160104 5,037 55,000 SH   SOLE   55,000 0 0
Johnson and Johnson COM 478160104 48,140 525,600 SH   DFND 1 519,200 0 6,400
KKR & Co LLC COM 48248M102 7,059 290,000 SH   DFND 1 290,000 0 0
Liberty Media COM 531229102 19,603 134,000 SH   DFND 1 134,000 0 0
Loews Corporation COM 540424108 11,336 235,000 SH   DFND 1 235,000 0 0
Lowes COM 548661107 4,707 95,000 SH   SOLE   95,000 0 0
Lowes COM 548661107 23,061 465,400 SH   DFND 1 445,000 0 20,400
MSCI COM 55354g100 219 5,000 SH   DFND 1 5,000 0 0
Marriott International COM 571903202 0 0 SH   SOLE   0 0 0
Marriott International COM 571903202 66,255 1,342,533 SH   DFND 1 1,297,869 0 44,664
Mastercard, Inc COM 57636Q104 6,684 8,000 SH   DFND 1 8,000 0 0
Mattel COM 577081102 8,826 185,500 SH   DFND 1 183,000 0 2,500
McDonalds COM 580135101 17,921 184,700 SH   DFND 1 181,000 0 3,700
McGraw Hill Financial COM 580645109 2,346 30,000 SH   DFND 1 30,000 0 0
Microsoft Corp COM 594918104 30,867 825,100 SH   DFND 1 818,000 0 7,100
Monsanto Co COM 61166W101 4,161 35,700 SH   DFND 1 33,000 0 2,700
Moody's Corp COM 615369105 13,921 177,400 SH   DFND 1 177,000 0 400
Mosaic Company COM 61945c103 7,327 155,000 SH   DFND 1 155,000 0 0
National Oilwell COM 637071101 19,246 242,000 SH   DFND 1 242,000 0 0
Nike COM 654106103 9,468 120,400 SH   DFND 1 120,000 0 400
Norfolk Southern COM 655844108 8,763 94,400 SH   DFND 1 92,000 0 2,400
Northern Trust Corp COM 665859104 8,665 140,000 SH   DFND 1 140,000 0 0
Novo-Nordisk A/S COM 670100205 40,869 221,200 SH   DFND 1 215,000 0 6,200
Oneok,Inc COM 682680103 622 10,000 SH   DFND 1 10,000 0 0
Oracle Corp COM 68389x105 24,544 641,500 SH   DFND 1 632,000 0 9,500
Patterson Companies Inc. COM 703395103 5,974 145,000 SH   DFND 1 145,000 0 0
Paychex COM 704326107 6,870 150,900 SH   DFND 1 150,000 0 900
Peabody Energy COM 704549104 5,078 260,000 SH   DFND 1 260,000 0 0
Pepsico COM 713448108 10,807 130,300 SH   DFND 1 129,300 0 1,000
Philip Morris International COM 718172109 9,976 114,500 SH   DFND 1 114,500 0 0
Potash Corp COM 73755L107 2,637 80,000 SH   DFND 1 80,000 0 0
Procter & Gamble COM 742718109 3,411 41,900 SH   DFND 1 41,000 0 900
RLI Corporation COM 749607107 58,551 601,260 SH   DFND 1 598,636 0 2,624
Rollins, Inc. COM 775711104 1,424 47,000 SH   DFND 1 47,000 0 0
Ross Stores, Inc COM 778296103 1,723 23,000 SH   DFND 1 23,000 0 0
SEI Investments Co COM 784117103 6,946 200,000 SH   DFND 1 200,000 0 0
Schlumberger COM 806857108 15,679 174,000 SH   DFND 1 174,000 0 0
Starz Liberty Capital COM 85571Q102 351 12,000 SH   DFND 1 12,000 0 0
Synalloy Corporation COM 871565107 7,455 485,343 SH   SOLE   485,343 0 0
Synalloy Corporation COM 871565107 4,608 300,000 SH   DFND 1 300,000 0 0
Sysco Corp COM 871829107 372 10,300 SH   DFND 1 0 0 10,300
T.Rowe Price COM 74144T108 921 11,000 SH   SOLE   11,000 0 0
T.Rowe Price COM 74144T108 20,063 239,500 SH   DFND 1 239,000 0 500
Target COM 87612E106 1,518 24,000 SH   DFND 1 24,000 0 0
Teva Pharmaceuticals COM 881624209 28,052 699,900 SH   DFND 1 694,000 0 5,900
Unilever PLC ADR COM 904767704 8,940 217,000 SH   DFND 1 217,000 0 0
United Health Group Inc COM 91324P102 45,700 606,900 SH   DFND 1 593,000 0 13,900
United Parcel Service COM 911312106 77,318 735,800 SH   DFND 1 715,500 0 20,300
United Technologies COM 913017109 6,100 53,600 SH   DFND 1 53,000 0 600
Universal Technical Institute COM 913915104 320 23,000 SH   DFND 1 23,000 0 0
Visa COM 92826C839 30,418 136,600 SH   DFND 1 136,500 0 100
W.P. Carey COM 92936U109 2,761 45,000 SH   SOLE   45,000 0 0
W.P. Carey COM 92936U109 55,718 908,200 SH   DFND 1 905,200 0 3,000
Wal-Mart Stores COM 931142103 88,920 1,130,000 SH   DFND 1 1,098,000 0 32,000
Walgreen COM 931422109 123,350 2,147,450 SH   DFND 1 2,120,000 0 27,450
Wellpoint Inc COM 94973V107 9,793 106,000 SH   DFND 1 103,000 0 3,000