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
Alphabet Inc Cl C 02079K107 11,171 13,466 SH   SOLE   13,466 0 0
Alphabet Inc Cl A 02079K305 11,149 13,150 SH   SOLE   13,150 0 0
Altria Group Inc Common 02209S103 27,638 386,982 SH   SOLE   386,982 0 0
Baker Hughes Inc Common 057224107 2,225 37,193 SH   SOLE   37,193 0 0
Consolidated Tomoka Land Co Common 210226106 83,152 1,553,075 SH   SOLE   1,553,075 0 0
General Dynamics Corporation Common 369550108 1,057 5,644 SH   SOLE   5,644 0 0
Liberty Media Corp-Liberty For Common 531229870 545 16,672 SH   SOLE   16,672 0 0
Reynolds American Inc Common 761713106 118,035 1,872,969 SH   SOLE   1,872,969 0 0
Union Pacific Corporation Common 907818108 16,569 156,426 SH   SOLE   156,426 0 0
Liberty Global plc LiLAC - A Common G5480U138 420 18,888 SH   SOLE   18,888 0 0