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 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AmazonCOM0231351069,6572,965SH SOLE 2,96500
Apple, Inc.COM03783310025,543192,500SH SOLE 192,50000
Berkshire Hathaway Inc. Class ACLA08467010814,60842SH SOLE 4200
Brandywine Realty TrustSH BEN10536820318,8771,585,000SH SOLE 1,585,00000
East West Bancorp, Inc.COM27579R1048,671171,000SH SOLE 171,00000
Facebook, Inc.CLA30303M10226,63397,500SH SOLE 97,50000
FedEx CorporationCOM31428X10631,803122,500SH SOLE 122,50000
Federal Agric Mtg CorpCLA3131481085,56285,241SH SOLE 85,24100
Federal Agric Mtg CorpCLC31314830612,957174,505SH SOLE 174,50500
Federal National Mortgage AssociationCOM3135861092,9881,250,000SH SOLE 1,250,00000
Goldman Sachs Group, Inc.COM38141G10442,853162,500SH SOLE 162,50000
Interface, Inc.COM4586653046,878655,000SH SOLE 655,00000
JP Morgan Chase & CoCOM46625H10020,331160,000SH SOLE 160,00000
KKR & Co. LPCLA48251W10419,638485,000SH SOLE 485,00000
Kansas City SouthernCOM48517030220,413100,000SH SOLE 100,00000
Madison Square Garden Entertainment Corp.CLA55826T1022,78426,500SH SOLE 26,50000
Mastercard Inc.CLA57636Q1044,28312,000SH SOLE 12,00000
Polaris Industries, Inc.COM73106810220,009210,000SH SOLE 210,00000
QUALCOMM IncorporatedCOM7475251031,52310,000SH SOLE 10,00000