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
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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
AT&T Inc COM 00206r102 617 19,666 SH   SOLE   0 0 19,666
Abbvie Inc. Com COM 00287y109 864 10,715 SH   SOLE   0 0 10,715
Activision Blizzard In Com COM 00507v109 960 21,075 SH   SOLE   0 0 21,075
Alerus Finl Corp Com COM 01446u103 392 20,100 SH   SOLE   0 0 20,100
Alleghany Corp COM 017175100 7,633 12,464 SH   SOLE   0 0 12,464
Allstate Corp COM 020002101 213 2,259 SH   SOLE   0 0 2,259
Alphabet Inc COM 02079K107 1,369 1,167 SH   SOLE   0 0 1,167
Altria Group Inc. COM 02209s103 514 8,957 SH   SOLE   0 0 8,957
Amazon Com Inc Com COM 023135106 283 159 SH   SOLE   0 0 159
American Express Co COM 025816109 219 2,000 SH   SOLE   0 0 2,000
Apple Inc COM 037833100 3,528 18,571 SH   SOLE   0 0 18,571
Automatic Data Processing Inc COM 053015103 201 1,260 SH   SOLE   0 0 1,260
Avalonbay Comm Reit Inc. COM 053484101 271 1,350 SH   SOLE   0 0 1,350
BB&T Corp COM 054937107 279 5,996 SH   SOLE   0 0 5,996
Bank Of Amer Corp COM 060505104 1,839 66,651 SH   SOLE   0 0 66,651
Berkshire Hathaway Inc-Cl A COM 846701084 904 3 SH   SOLE   0 0 3
Berkshire Hathaway Inc-Cl B COM 084670702 27,759 138,180 SH   SOLE   0 0 138,180
Boeing Co COM 097023105 217 569 SH   SOLE   0 0 569
Boston Properties COM 101121101 321 2,400 SH   SOLE   0 0 2,400
Cable One Inc Com COM 12685j105 3,043 3,101 SH   SOLE   0 0 3,101
Chevrontexaco Corp Com COM 166764100 590 4,793 SH   SOLE   0 0 4,793
Coca-Cola Corp COM 191216100 4,076 86,980 SH   SOLE   0 0 86,980
Colfax Corp Com COM 194014106 5,343 180,010 SH   SOLE   0 0 180,010
Comcast Corp New Cl A COM 20030N101 214 5,364 SH   SOLE   0 0 5,364
Corning Inc Com COM 219350105 6,021 181,893 SH   SOLE   0 0 181,893
Costco Wholesale Corp COM 22160k105 478 1,976 SH   SOLE   0 0 1,976
Delta Air Lines Del Com New COM 247361702 3,229 62,520 SH   SOLE   0 0 62,520
Diageo Plc Spon Adr New COM 25243q205 2,862 17,491 SH   SOLE   0 0 17,491
Diamond Offshore Drill Com COM 25271c102 342 32,588 SH   SOLE   0 0 32,588
Discovery Holdings Co Cl A COM 25470f104 7,300 270,175 SH   SOLE   0 0 270,175
Dover Motorsports Inc COM 260174107 236 116,855 SH   SOLE   0 0 116,855
Exxon Mobil Corp COM 30231g102 6,361 78,730 SH   SOLE   0 0 78,730
Facebook Inc Cl A COM 30303M102 1,534 9,204 SH   SOLE   0 0 9,204
Fairfax Finl Hldgs Ltd Sub Vtg COM 303901102 964 2,072 SH   SOLE   0 0 2,072
Federal Realty Invt Tr Sbi-New COM 313747206 345 2,500 SH   SOLE   0 0 2,500
Fedex Corp Com COM 31428X106 323 1,780 SH   SOLE   0 0 1,780
First Natl Bk Alaska Com COM 32212j106 545 2,090 SH   SOLE   0 0 2,090
General Electric Corp COM 369604103 109 10,865 SH   SOLE   0 0 10,865
Genuine Parts Co Com COM 372460105 5,413 48,315 SH   SOLE   0 0 48,315
Glaxo Holdings Plc COM 37733w105 1,197 28,650 SH   SOLE   0 0 28,650
Graham Holdings Co COM 384637104 1,756 2,570 SH   SOLE   0 0 2,570
Hasbro Inc Com COM 418056107 5,327 62,652 SH   SOLE   0 0 62,652
Honeywell Intl Inc COM 438516106 345 2,172 SH   SOLE   0 0 2,172
IShares Tr MSCI Eafe Idx COM 464287465 219 3,372 SH   SOLE   0 0 3,372
Intel Corp COM 458140100 3,427 63,825 SH   SOLE   0 0 63,825
International Business Machine COM 459200101 4,478 31,734 SH   SOLE   0 0 31,734
J P Morgan Chase And Co COM 46625h100 1,238 12,225 SH   SOLE   0 0 12,225
Jefferies Grp Inc New Com COM 47233w109 6,930 368,835 SH   SOLE   0 0 368,835
Johnson & Johnson COM 478160104 10,353 74,058 SH   SOLE   0 0 74,058
Johnson Ctls International Plc COM G51502105 4,981 134,830 SH   SOLE   0 0 134,830
Liberty Media Corp Del Com Ser COM 531229854 635 18,115 SH   SOLE   0 0 18,115
Lockheed Martin Corp COM 539830109 677 2,255 SH   SOLE   0 0 2,255
Loews Corp COM 540424108 7,394 154,276 SH   SOLE   0 0 154,276
Lowes Cos Inc Com COM 548661107 230 2,100 SH   SOLE   0 0 2,100
Madison Square Garden Cl A COM 55825t103 8,117 27,691 SH   SOLE   0 0 27,691
Markel Corp Com COM 570535104 19,907 19,982 SH   SOLE   0 0 19,982
Marriott Intl Inc COM 571903202 431 3,442 SH   SOLE   0 0 3,442
Marsh & McLennan Cos Com COM 571748102 2,624 27,943 SH   SOLE   0 0 27,943
McDonalds Corp COM 580135101 420 2,210 SH   SOLE   0 0 2,210
Microsoft Corp Com COM 594918104 5,204 44,123 SH   SOLE   0 0 44,123
Mohawk Inds Inc Com COM 608190104 4,257 33,748 SH   SOLE   0 0 33,748
Nestle Sa-Adr Repstg COM 641069406 1,468 15,400 SH   SOLE   0 0 15,400
Norfolk Southern Corp COM 655844108 7,220 38,632 SH   SOLE   0 0 38,632
Norwegian Cruise Line Shs COM g66721104 8,598 156,439 SH   SOLE   0 0 156,439
Nvent Electric Plc Shs COM g6700g107 606 22,455 SH   SOLE   0 0 22,455
Parker Hannifin Corp Com COM 701094104 475 2,770 SH   SOLE   0 0 2,770
Paychex Inc COM 704326107 6,918 86,256 SH   SOLE   0 0 86,256
Pentair Ltd COM g7s00t104 1,050 23,593 SH   SOLE   0 0 23,593
Pepsico Inc COM 713448108 5,916 48,270 SH   SOLE   0 0 48,270
Pfizer Inc Com COM 717081103 711 16,734 SH   SOLE   0 0 16,734
Philip Morris Intl Inc Com COM 718172109 416 4,710 SH   SOLE   0 0 4,710
Progressive Corp Ohio Com COM 743315103 9,024 125,178 SH   SOLE   0 0 125,178
Royal Dutch Shell Plc Adr Cl A COM 780257804 471 7,530 SH   SOLE   0 0 7,530
Ryanair Hldgs Plc Sponsored Ad COM 783513203 5,113 68,228 SH   SOLE   0 0 68,228
Sandy Spring Bancorp Com COM 800363103 3,383 108,159 SH   SOLE   0 0 108,159
Starbucks Corp Com COM 855244109 1,500 20,178 SH   SOLE   0 0 20,178
T Rowe Price Group Inc COM 74144t108 8,015 80,056 SH   SOLE   0 0 80,056
Teva Pharmaceutical Inds Adr COM 881624209 246 15,700 SH   SOLE   0 0 15,700
Tripadvisor Inc Com COM 896945201 1,488 28,930 SH   SOLE   0 0 28,930
Unilever Plc Amern Shs COM 904767704 236 4,090 SH   SOLE   0 0 4,090
Verizon Communications Com COM 92343v104 484 8,184 SH   SOLE   0 0 8,184
Walgreens Boots Alliance Inc C COM 931427108 6,756 106,786 SH   SOLE   0 0 106,786
Walt Disney Holding Co COM 254687106 5,086 45,805 SH   SOLE   0 0 45,805
Washington Real Estate Inv Tr COM 939653101 364 12,838 SH   SOLE   0 0 12,838
Wells Fargo & Co COM 949746101 6,230 128,929 SH   SOLE   0 0 128,929
Whirlpool Corp Com COM 963320106 1,902 14,313 SH   SOLE   0 0 14,313