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 9,964 77,000 SH   SOLE   77,000 0 0
3M CO COM 88579Y101 24,944 192,750 SH   DFND 1 192,750 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 18,631 67,100 SH   SOLE   67,100 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 25,628 92,300 SH   DFND 1 92,300 0 0
ACTIVISION BLIZZARD INC COM 00507V109 140 1,800 SH   SOLE   1,800 0 0
ACTIVISION BLIZZARD INC COM 00507V109 35,176 451,800 SH   DFND 1 451,800 0 0
ALLSTATE CORP COM 020002101 14,833 117,050 SH   DFND 1 117,050 0 0
ALPHABET INC CAP STK CL A 02079K305 7,192 3,300 SH   SOLE   3,300 0 0
ALPHABET INC CAP STK CL A 02079K305 29,093 13,350 SH   DFND 1 13,350 0 0
ALPHABET INC CAP STK CL C 02079K107 101,167 46,249 SH   SOLE   46,249 0 0
ALPHABET INC CAP STK CL C 02079K107 199,590 91,244 SH   DFND 1 91,244 0 0
AMAZON COM INC COM 023135106 70,948 668,000 SH   SOLE   668,000 0 0
AMAZON COM INC COM 023135106 139,492 1,313,360 SH   DFND 1 1,313,360 0 0
AMERICAN EXPRESS CO COM 025816109 1,386 10,000 SH   SOLE   10,000 0 0
AMERICAN EXPRESS CO COM 025816109 65,741 474,250 SH   DFND 1 474,250 0 0
AMERICAN TOWER CORP NEW COM 03027X100 256 1,000 SH   SOLE   1,000 0 0
AMERICAN TOWER CORP NEW COM 03027X100 13,013 50,910 SH   DFND 1 50,910 0 0
ANALOG DEVICES INC COM 032654105 36,181 247,665 SH   SOLE   247,665 0 0
ANALOG DEVICES INC COM 032654105 122,045 835,406 SH   DFND 1 835,406 0 0
AON PLC SHS CL A G0403H108 18,608 69,000 SH   DFND 1 69,000 0 0
APPLE INC COM 037833100 6,590 48,200 SH   SOLE   48,200 0 0
APPLE INC COM 037833100 158,428 1,158,790 SH   DFND 1 1,158,790 0 0
APOLLO GLOBAL MGMT INC COM 03769M106 1,091 22,500 SH   SOLE   22,500 0 0
APOLLO GLOBAL MGMT INC COM 03769M106 47,995 990,000 SH   DFND 1 990,000 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 46,094 594,000 SH   SOLE   594,000 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 67,458 869,300 SH   DFND 1 869,300 0 0
AXALTA COATING SYS LTD COM G0750C108 629 28,442 SH   DFND 1 28,442 0 0
BALL CORP COM 058498106 3,164 46,000 SH   DFND 1 46,000 0 0
BANK NEW YORK MELLON CORP COM 064058100 14,922 357,750 SH   DFND 1 357,750 0 0
BERKLEY W R CORP COM 084423102 2,765 40,500 SH   DFND 1 40,500 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 286,265 700 SH   SOLE   700 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 169,305 414 SH   DFND 1 414 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 301,540 1,104,460 SH   SOLE   1,104,460 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 116,720 427,511 SH   DFND 1 427,511 0 0
BLACKROCK INC COM 09247X101 7,308 12,000 SH   SOLE   12,000 0 0
BLACKROCK INC COM 09247X101 126,803 208,200 SH   DFND 1 208,200 0 0
BLACKSTONE GROUP INC COM 09260D107 3,147 34,500 SH   SOLE   34,500 0 0
BLACKSTONE GROUP INC COM 09260D107 108,975 1,194,500 SH   DFND 1 1,194,500 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 219,207 4,929,329 SH   SOLE   4,929,329 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 168,382 3,786,412 SH   DFND 1 3,786,412 0 0
BROOKFIELD ASSET MGMT REINS CL A EXCH LT VTG G16169107 1,100 24,674 SH   SOLE   24,674 0 0
BROOKFIELD ASSET MGMT REINS CL A EXCH LT VTG G16169107 1,580 35,427 SH   DFND 1 35,427 0 0
BROWN FORMAN CORP CL A 115637100 33,320 492,600 SH   SOLE   492,600 0 0
BROWN FORMAN CORP CL A 115637100 23,700 350,400 SH   DFND 1 350,400 0 0
BROWN FORMAN CORP CL B 115637209 15,909 226,750 SH   SOLE   226,750 0 0
BROWN FORMAN CORP CL B 115637209 17,360 247,437 SH   DFND 1 247,437 0 0
CABLE ONE INC COM 12685J105 13,152 10,200 SH   DFND 1 10,200 0 0
CARLYLE GROUP INC COM 14316J108 1,409 44,500 SH   SOLE   44,500 0 0
CARLYLE GROUP INC COM 14316J108 37,756 1,192,500 SH   DFND 1 1,192,500 0 0
CARRIER GLOBAL CORPORATION COM 14448C104 1,947 54,600 SH   SOLE   54,600 0 0
CARRIER GLOBAL CORPORATION COM 14448C104 6,434 180,400 SH   DFND 1 180,400 0 0
CATERPILLAR INC COM 149123101 33,875 189,500 SH   SOLE   189,500 0 0
CATERPILLAR INC COM 149123101 17,518 98,000 SH   DFND 1 98,000 0 0
CELANESE CORP DEL COM 150870103 564 4,800 SH   DFND 1 4,800 0 0
CISCO SYS INC COM 17275R102 6,311 148,000 SH   SOLE   148,000 0 0
CISCO SYS INC COM 17275R102 8,272 194,000 SH   DFND 1 194,000 0 0
COLFAX CORP COM 194014502 19,893 361,690 SH   SOLE   361,690 0 0
COLFAX CORP COM 194014502 917 16,666 SH   DFND 1 16,666 0 0
COMCAST CORP NEW CL A 20030N101 4,042 103,000 SH   SOLE   103,000 0 0
COMCAST CORP NEW CL A 20030N101 24,404 621,912 SH   DFND 1 621,912 0 0
COSTAR GROUP INC COM 22160N109 1,123 18,600 SH   DFND 1 18,600 0 0
COSTCO WHSL CORP NEW COM 22160K105 17,805 37,150 SH   SOLE   37,150 0 0
COSTCO WHSL CORP NEW COM 22160K105 959 2,000 SH   DFND 1 2,000 0 0
CRACKER BARREL OLD CTRY STOR COM 22410J106 2,296 27,500 SH   DFND 1 27,500 0 0
CROWN HLDGS INC COM 228368106 10,693 116,000 SH   DFND 1 116,000 0 0
CVS HEALTH CORP COM 126650100 185 2,000 SH   SOLE   2,000 0 0
CVS HEALTH CORP COM 126650100 30,578 330,000 SH   DFND 1 330,000 0 0
DEERE & CO COM 244199105 226,340 755,800 SH   DFND 1 755,800 0 0
DIAGEO PLC SPON ADR NEW 25243Q205 149,825 860,472 SH   SOLE   860,472 0 0
DIAGEO PLC SPON ADR NEW 25243Q205 85,273 489,736 SH   DFND 1 489,736 0 0
DISNEY WALT CO COM 254687106 80,630 854,133 SH   SOLE   854,133 0 0
DISNEY WALT CO COM 254687106 105,023 1,112,532 SH   DFND 1 1,112,532 0 0
DOLLAR GEN CORP NEW COM 256677105 37,490 152,750 SH   DFND 1 152,750 0 0
DUCK CREEK TECHNOLOGIES INC SHS 264120106 182 12,250 SH   DFND 1 12,250 0 0
EASTMAN CHEM CO COM 277432100 1,566 17,450 SH   DFND 1 17,450 0 0
ECOLAB INC COM 278865100 3,536 23,000 SH   SOLE   23,000 0 0
ECOLAB INC COM 278865100 38,640 251,300 SH   DFND 1 251,300 0 0
ELECTRONIC ARTS INC COM 285512109 6,910 56,800 SH   DFND 1 56,800 0 0
EQUIFAX INC COM 294429105 12,711 69,550 SH   DFND 1 69,550 0 0
ESAB CORPORATION COM 29605J106 15,824 361,690 SH   SOLE   361,690 0 0
ESAB CORPORATION COM 29605J106 729 16,666 SH   DFND 1 16,666 0 0
FACEBOOK INC CL A 30303M102 3,001 18,610 SH   SOLE   18,610 0 0
FACEBOOK INC CL A 30303M102 26,673 165,419 SH   DFND 1 165,419 0 0
FACTSET RESH SYS INC COM 303075105 8,845 23,000 SH   SOLE   23,000 0 0
FACTSET RESH SYS INC COM 303075105 36,041 93,720 SH   DFND 1 93,720 0 0
FEDEX CORP COM 31428X106 16,550 73,000 SH   DFND 1 73,000 0 0
GARTNER INC COM 366651107 726 3,000 SH   DFND 1 3,000 0 0
GENERAL DYNAMICS CORP COM 369550108 9,735 44,000 SH   SOLE   44,000 0 0
GENERAL DYNAMICS CORP COM 369550108 76,775 347,000 SH   DFND 1 347,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 14,615 49,204 SH   SOLE   49,204 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 87,817 295,656 SH   DFND 1 295,656 0 0
GRAHAM HLDGS CO COM CL B 384637104 2,947 5,200 SH   DFND 1 5,200 0 0
HAGERTY INC COM CL A 405166909 34,470 3,000,000 SH   SOLE   3,000,000 0 0
HAGERTY INC W EXP 12/31/2027 405166117 1,647 540,000 SH   SOLE   540,000 0 0
HANOVER INS GROUP INC COM 410867105 11,116 76,000 SH   DFND 1 76,000 0 0
HEALTHCARE SVCS GROUP INC COM 421906108 7,295 419,000 SH   SOLE   419,000 0 0
HEALTHCARE SVCS GROUP INC COM 421906108 13,605 781,500 SH   DFND 1 781,500 0 0
HEICO CORP NEW CL A 422806208 812 7,702 SH   SOLE   7,702 0 0
HEICO CORP NEW CL A 422806208 35,350 335,442 SH   DFND 1 335,442 0 0
HEXCEL CORP NEW COM 428291108 1,988 38,000 SH   SOLE   38,000 0 0
HEXCEL CORP NEW COM 428291108 7,899 151,000 SH   DFND 1 151,000 0 0
HOME DEPOT INC COM 437076102 114,397 417,098 SH   SOLE   417,098 0 0
HOME DEPOT INC COM 437076102 137,932 502,902 SH   DFND 1 502,902 0 0
ILLINOIS TOOL WKS INC COM 452308109 15,492 85,000 SH   SOLE   85,000 0 0
ILLINOIS TOOL WKS INC COM 452308109 44,197 242,500 SH   DFND 1 242,500 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 481 5,120 SH   DFND 1 5,120 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 2,740 23,000 SH   DFND 1 23,000 0 0
INTUIT COM 461202103 1,048 2,720 SH   DFND 1 2,720 0 0
INVESTORS TITLE CO NC COM 461804106 33,465 213,300 SH   DFND 1 213,300 0 0
JOHNSON & JOHNSON COM 478160104 20,271 114,200 SH   SOLE   114,200 0 0
JOHNSON & JOHNSON COM 478160104 88,152 496,600 SH   DFND 1 496,600 0 0
JPMORGAN CHASE & CO COM 46625H100 24,385 216,550 SH   DFND 1 216,550 0 0
KKR & CO INC COM 48251W104 2,870 62,000 SH   SOLE   62,000 0 0
KKR & CO INC COM 48251W104 63,085 1,362,808 SH   DFND 1 1,362,808 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 748 8,500 SH   DFND 1 8,500 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 2,470 21,750 SH   SOLE   21,750 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 20,836 183,500 SH   DFND 1 183,500 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 4,724 40,853 SH   SOLE   40,853 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 15,178 131,260 SH   DFND 1 131,260 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 63 3,000 SH   SOLE   3,000 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 3,704 176,000 SH   DFND 1 176,000 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 1,874 52,000 SH   SOLE   52,000 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 13,479 374,000 SH   DFND 1 374,000 0 0
LIBERTY MEDIA CORP DEL COM C SIRIUSXM 531229607 4,831 134,000 SH   SOLE   134,000 0 0
LIBERTY MEDIA CORP DEL COM C SIRIUSXM 531229607 13,987 388,000 SH   DFND 1 388,000 0 0
LINDE PLC SHS G5494J103 1,696 5,900 SH   SOLE   5,900 0 0
LINDE PLC SHS G5494J103 25,446 88,500 SH   DFND 1 88,500 0 0
LOCKHEED MARTIN CORP COM 539830109 4,670 10,863 SH   DFND 1 10,863 0 0
LOWES COS INC COM 548661107 44,890 257,000 SH   SOLE   257,000 0 0
LOWES COS INC COM 548661107 58,249 333,480 SH   DFND 1 333,480 0 0
MACOM TECH SOLUTIONS HLDGS I COM 55405Y100 3,181 69,000 SH   DFND 1 69,000 0 0
MARSH & MCLENNAN COS INC COM 571748102 2,717 17,500 SH   SOLE   17,500 0 0
MARSH & MCLENNAN COS INC COM 571748102 94,253 607,100 SH   DFND 1 607,100 0 0
MARVELL TECHNOLOGY INC COM 573874104 3,700 85,000 SH   DFND 1 85,000 0 0
MASTERCARD INCORPORATED CL A 57636Q104 11,357 36,000 SH   SOLE   36,000 0 0
MASTERCARD INCORPORATED CL A 57636Q104 54,116 171,540 SH   DFND 1 171,540 0 0
MICROSOFT CORP COM 594918104 21,831 85,000 SH   SOLE   85,000 0 0
MICROSOFT CORP COM 594918104 101,442 394,980 SH   DFND 1 394,980 0 0
MOODYS CORP COM 615369105 28,284 104,000 SH   SOLE   104,000 0 0
MOODYS CORP COM 615369105 29,643 108,990 SH   DFND 1 108,990 0 0
MSCI INC COM 55354G100 412 1,000 SH   SOLE   1,000 0 0
MSCI INC COM 55354G100 58,092 140,950 SH   DFND 1 140,950 0 0
NETFLIX INC COM 64110L106 7,520 43,000 SH   DFND 1 43,000 0 0
NIKE INC CL B 654106103 16,556 162,000 SH   SOLE   162,000 0 0
NIKE INC CL B 654106103 20,849 204,000 SH   DFND 1 204,000 0 0
NORFOLK SOUTHN CORP COM 655844108 16,592 73,000 SH   SOLE   73,000 0 0
NORFOLK SOUTHN CORP COM 655844108 35,572 156,500 SH   DFND 1 156,500 0 0
NOVO-NORDISK A S ADR 670100205 119,787 1,075,000 SH   SOLE   1,075,000 0 0
NVR INC COM 62944T105 400 100 SH   SOLE   100 0 0
NVR INC COM 62944T105 38,275 9,559 SH   DFND 1 9,559 0 0
O-I GLASS INC COM 67098H104 6,553 468,100 SH   DFND 1 468,100 0 0
OLD DOMINION FREIGHT LINE IN COM 679580100 2,050 8,000 SH   DFND 1 8,000 0 0
OTIS WORLDWIDE CORP COM 68902V107 1,929 27,300 SH   SOLE   27,300 0 0
OTIS WORLDWIDE CORP COM 68902V107 6,172 87,320 SH   DFND 1 87,320 0 0
PAYCHEX INC COM 704326107 7,971 70,000 SH   SOLE   70,000 0 0
PAYCHEX INC COM 704326107 9,109 80,000 SH   DFND 1 80,000 0 0
PAYPAL HLDGS INC COM 70450Y103 1,555 22,261 SH   DFND 1 22,261 0 0
PEPSICO INC COM 713448108 16,034 96,210 SH   DFND 1 96,210 0 0
PHILIP MORRIS INTL INC COM 718172109 11,306 114,500 SH   DFND 1 114,500 0 0
PRICE T ROWE GROUP INC COM 74144T108 3,636 32,000 SH   SOLE   32,000 0 0
PRICE T ROWE GROUP INC COM 74144T108 32,038 282,000 SH   DFND 1 282,000 0 0
PROGRESSIVE CORP COM 743315103 6,976 60,000 SH   SOLE   60,000 0 0
PROGRESSIVE CORP COM 743315103 80,662 693,750 SH   DFND 1 693,750 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101 5,248 54,600 SH   SOLE   54,600 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101 16,281 169,400 SH   DFND 1 169,400 0 0
REGENERON PHARMACEUTICALS COM 75886F107 47,467 80,300 SH   DFND 1 80,300 0 0
RLI CORP COM 749607107 43,954 377,000 SH   SOLE   377,000 0 0
RLI CORP COM 749607107 95,636 820,272 SH   DFND 1 820,272 0 0
ROCKWELL AUTOMATION INC COM 773903109 1,575 7,900 SH   SOLE   7,900 0 0
ROCKWELL AUTOMATION INC COM 773903109 29,298 147,000 SH   DFND 1 147,000 0 0
ROLLINS INC COM 775711104 1,920 54,975 SH   SOLE   54,975 0 0
ROLLINS INC COM 775711104 42,159 1,207,300 SH   DFND 1 1,207,300 0 0
S&P GLOBAL INC COM 78409V104 337 1,000 SH   SOLE   1,000 0 0
S&P GLOBAL INC COM 78409V104 50,151 148,790 SH   DFND 1 148,790 0 0
SCHWAB CHARLES CORP COM 808513105 7,771 123,000 SH   SOLE   123,000 0 0
SCHWAB CHARLES CORP COM 808513105 61,934 980,300 SH   DFND 1 980,300 0 0
SCOTTS MIRACLE-GRO CO CL A 810186106 1,856 23,500 SH   DFND 1 23,500 0 0
SEI INVTS CO COM 784117103 3,187 59,000 SH   SOLE   59,000 0 0
SEI INVTS CO COM 784117103 27,020 500,200 SH   DFND 1 500,200 0 0
SHERWIN WILLIAMS CO COM 824348106 21,086 94,172 SH   DFND 1 94,172 0 0
SHOPIFY INC CL A 82509L107 1,953 62,500 SH   DFND 1 62,500 0 0
SONY CORP SPONSORED ADR 835699307 4,063 49,680 SH   DFND 1 49,680 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 2,431 25,900 SH   DFND 1 25,900 0 0
STARBUCKS CORP COM 855244109 3,094 40,500 SH   SOLE   40,500 0 0
STARBUCKS CORP COM 855244109 37,571 491,818 SH   DFND 1 491,818 0 0
STERICYCLE INC COM 858912108 1,096 25,000 SH   SOLE   25,000 0 0
STERICYCLE INC COM 858912108 27,699 631,700 SH   DFND 1 631,700 0 0
TEXAS INSTRS INC COM 882508104 27,042 176,000 SH   SOLE   176,000 0 0
TEXAS INSTRS INC COM 882508104 84,199 548,000 SH   DFND 1 548,000 0 0
TEXAS PACIFIC LAND CORPORATI COM 88262P102 11,755 7,900 SH   DFND 1 7,900 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 3,531 6,500 SH   DFND 1 6,500 0 0
TRANSUNION COM 89400J107 240 3,000 SH   SOLE   3,000 0 0
TRANSUNION COM 89400J107 7,484 93,550 SH   DFND 1 93,550 0 0
TRUPANION INC COM 898202106 301 5,000 SH   SOLE   5,000 0 0
TRUPANION INC COM 898202106 7,737 128,400 SH   DFND 1 128,400 0 0
TYSON FOODS INC CL A 902494103 430 5,000 SH   SOLE   5,000 0 0
TYSON FOODS INC CL A 902494103 32,660 379,500 SH   DFND 1 379,500 0 0
UNDER ARMOUR INC CL C 904311206 192 25,304 SH   DFND 1 25,304 0 0
UNION PAC CORP COM 907818108 2,367 11,100 SH   SOLE   11,100 0 0
UNION PAC CORP COM 907818108 15,928 74,678 SH   DFND 1 74,678 0 0
VERISK ANALYTICS INC COM 92345Y106 173 1,000 SH   SOLE   1,000 0 0
VERISK ANALYTICS INC COM 92345Y106 14,194 82,000 SH   DFND 1 82,000 0 0
VISA INC COM CL A 92826C839 36,642 186,100 SH   SOLE   186,100 0 0
VISA INC COM CL A 92826C839 152,919 776,679 SH   DFND 1 776,679 0 0
VONTIER CORPORATION COM 928881101 1,146 49,873 SH   DFND 1 49,873 0 0
WATSCO INC COM 942622200 6,472 27,100 SH   SOLE   27,100 0 0
WATSCO INC COM 942622200 99,504 416,650 SH   DFND 1 416,650 0 0
WELLS FARGO CO NEW COM 949746101 1,253 32,000 SH   SOLE   32,000 0 0
WELLS FARGO CO NEW COM 949746101 6,403 163,450 SH   DFND 1 163,450 0 0
WHIRLPOOL CORP COM 963320106 810 5,230 SH   SOLE   5,230 0 0
WHIRLPOOL CORP COM 963320106 42,871 276,819 SH   DFND 1 276,819 0 0
WILLIS TOWERS WATSON PLC LTD SHS G96629103 1,285 6,507 SH   DFND 1 6,507 0 0