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
Amazon COM 023135106 4,679 2,400 SH   SOLE   0 0 0
Apple, Inc. COM 037833100 25,429 100,000 SH   SOLE   0 0 0
Berkshire Hathaway Inc. Class A CLA 084670108 12,240 45 SH   SOLE   0 0 0
Brandywine Realty Trust SH BEN 105368203 16,690 1,586,500 SH   SOLE   0 0 0
Customers Bancorp, Inc. COM 23204G100 3,853 352,500 SH   SOLE   0 0 0
East West Bancorp, Inc. COM 27579R104 1,158 45,000 SH   SOLE   0 0 0
Facebook, Inc. CLA 30303M102 16,263 97,500 SH   SOLE   0 0 0
FedEx Corporation COM 31428X106 17,583 145,000 SH   SOLE   0 0 0
Federal Agric Mtg Corp CLA 313148108 3,827 79,786 SH   SOLE   0 0 0
Federal Agric Mtg Corp CLC 313148306 5,285 95,000 SH   SOLE   0 0 0
Goldman Sachs Group, Inc. COM 38141G104 27,053 175,000 SH   SOLE   0 0 0
Insperity, Inc. COM 45778Q107 261 7,000 SH   SOLE   0 0 0
Interface, Inc. COM 458665304 416 55,000 SH   SOLE   0 0 0
JP Morgan Chase & Co COM 46625H100 14,855 165,000 SH   SOLE   0 0 0
KKR & Co. LP CLA 48251W104 19,715 840,000 SH   SOLE   0 0 0
Kansas City Southern COM 485170302 18,441 145,000 SH   SOLE   0 0 0
Mastercard Inc. CLA 57636Q104 4,831 20,000 SH   SOLE   0 0 0
Polaris Industries, Inc. COM 731068102 12,158 252,500 SH   SOLE   0 0 0