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
Amazon COM 023135106 8,974 2,850 SH   SOLE   2,850 0 0
Apple, Inc. COM 037833100 25,478 220,000 SH   SOLE   220,000 0 0
Berkshire Hathaway Inc. Class A CLA 084670108 14,080 44 SH   SOLE   44 0 0
Brandywine Realty Trust SH BEN 105368203 15,474 1,496,500 SH   SOLE   1,496,500 0 0
East West Bancorp, Inc. COM 27579R104 5,517 168,500 SH   SOLE   168,500 0 0
Facebook, Inc. CLA 30303M102 25,535 97,500 SH   SOLE   97,500 0 0
FedEx Corporation COM 31428X106 30,811 122,500 SH   SOLE   122,500 0 0
Federal Agric Mtg Corp CLA 313148108 4,635 83,741 SH   SOLE   83,741 0 0
Federal Agric Mtg Corp CLC 313148306 10,822 170,000 SH   SOLE   170,000 0 0
Federal National Mortgage Association COM 313586109 1,414 700,000 SH   SOLE   700,000 0 0
Goldman Sachs Group, Inc. COM 38141G104 34,165 170,000 SH   SOLE   170,000 0 0
Insperity, Inc. COM 45778Q107 2,292 35,000 SH   SOLE   35,000 0 0
Interface, Inc. COM 458665304 2,878 470,250 SH   SOLE   470,250 0 0
JP Morgan Chase & Co COM 46625H100 15,885 165,000 SH   SOLE   165,000 0 0
KKR & Co. LP CLA 48251W104 17,170 500,000 SH   SOLE   500,000 0 0
Kansas City Southern COM 485170302 20,795 115,000 SH   SOLE   115,000 0 0
Madison Square Garden Entertainment Corp. CLA 55826T102 2,055 30,000 SH   SOLE   30,000 0 0
Mastercard Inc. CLA 57636Q104 4,734 14,000 SH   SOLE   14,000 0 0
Polaris Industries, Inc. COM 731068102 19,811 210,000 SH   SOLE   210,000 0 0