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
BERKSHIRE HATHAWAY INC DEL CL A 084670108 226 1 SH   SOLE   1 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 386 2,570 SH   SOLE   2,570 0 0
DEVRY ED GROUP INC COM 251893103 27,436 577,975 SH   SOLE   577,975 0 0
EXXON MOBIL CORP COM 30231G102 251 2,710 SH   SOLE   2,710 0 0
GOOGLE INC CL A 38259P508 11,411 21,504 SH   SOLE   21,504 0 0
GOOGLE INC CL C 38259P706 14,928 28,359 SH   SOLE   28,359 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 5,077 113,599 SH   SOLE   113,599 0 0
LUXOFT HLDG INC ORD SHS CL A G57279104 2,881 74,804 SH   SOLE   74,804 0 0
MASTERCARD INC CL A 57636Q104 20,373 236,452 SH   SOLE   236,452 0 0
MONSANTO CO COM 61166W101 11,312 94,681 SH   SOLE   94,681 0 0
NEUSTAR INC CL A 64126X201 6,385 229,665 SH   SOLE   229,665 0 0
NORFOLK SOUTHERN CORP COM 655844108 404 3,690 SH   SOLE   3,690 0 0
PATHFINDER BANCORP INC MD COM 70319R109 153 15,608 SH   SOLE   15,608 0 0
SYMANTEC CORP COM 871503108 308 12,000 SH   SOLE   12,000 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 37,626 262,920 SH   SOLE   262,920 0 0
VALEANT PHARMACEUTICALS INTL CALL 91911K902 1,431 10,000 SH   SOLE   10,000 0 0
VISA COM 92826C839 629 2,400 SH   SOLE   2,400 0 0