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
3M CO COM 88579Y101 308 1,480 SH   SOLE   1,480 0 0
ABERDEEN JAPAN EQUITY FD INC COM 00306J109 139 20,000 SH   SOLE   20,000 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 1,218 6,920 SH   SOLE   6,920 0 0
ADAMS DIVERSIFIED EQUITY FD COM 006212104 1,040 72,000 SH   SOLE   72,000 0 0
ADVANSIX INC COM 00773T101 608 21,280 SH   SOLE   21,280 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 913 6,400 SH   SOLE   6,400 0 0
ALLERGAN PLC SHS G0177J108 4,106 28,040 SH   SOLE   28,040 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 1,523 8,700 SH   SOLE   8,700 0 0
ALLIANZGI EQUITY & CONV INCO COM 018829101 1,291 60,000 SH   SOLE   60,000 0 0
ALPHABET INC CAP STK CL C 02079K107 3,415 2,910 SH   SOLE   2,910 0 0
ALPHABET INC CAP STK CL A 02079K305 6,249 5,310 SH   SOLE   5,310 0 0
ALTABA INC COM 021346101 984 13,270 SH   SOLE   13,270 0 0
ALTRIA GROUP INC COM 02209S103 371 6,460 SH   SOLE   6,460 0 0
AMAZON COM INC COM 023135106 77,966 43,782 SH   SOLE   43,782 0 0
AMC NETWORKS INC CL A 00164V103 377 6,640 SH   SOLE   6,640 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 200 4,200 SH   SOLE   4,200 0 0
AMERISOURCEBERGEN CORP COM 03073E105 4,111 51,700 SH   SOLE   51,700 0 0
AMETEK INC NEW COM 031100100 1,116 13,450 SH   SOLE   13,450 0 0
APARTMENT INVT & MGMT CO CL A 03748R754 923 18,334 SH   SOLE   18,334 0 0
APPLE INC COM 037833100 389 2,050 SH   SOLE   2,050 0 0
APPLIED MATLS INC COM 038222105 4,097 103,300 SH   SOLE   103,300 0 0
ARCH CAP GROUP LTD ORD G0450A105 1,078 33,350 SH   SOLE   33,350 0 0
AUDENTES THERAPEUTICS INC COM 05070R104 15,279 391,581 SH   SOLE   391,581 0 0
AUTOZONE INC COM 053332102 358 350 SH   SOLE   350 0 0
BANK AMER CORP COM 060505104 1,145 41,500 SH   SOLE   41,500 0 0
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 1,769 78,050 SH   SOLE   78,050 0 0
BARCLAYS BK PLC ETN+ SEL MLP 06742C723 3,887 190,000 SH   SOLE   190,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 180,359 897,800 SH   SOLE   897,800 0 0
BIOGEN INC COM 09062X103 258 1,090 SH   SOLE   1,090 0 0
BOOKING HLDGS INC COM 09857L108 803 460 SH   SOLE   460 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 693 43,700 SH   SOLE   43,700 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 924 50,300 SH   SOLE   50,300 0 0
CAMPBELL SOUP CO COM 134429109 4,416 115,800 SH   SOLE   115,800 0 0
CARDINAL HEALTH INC COM 14149Y108 4,006 83,200 SH   SOLE   83,200 0 0
CARMAX INC COM 143130102 970 13,900 SH   SOLE   13,900 0 0
CARVANA CO CL A 146869102 2,062 35,500 SH   SOLE   35,500 0 0
CATERPILLAR INC DEL COM 149123101 4,268 31,500 SH   SOLE   31,500 0 0
CDW CORP COM 12514G108 881 9,140 SH   SOLE   9,140 0 0
CELGENE CORP COM 151020104 527 5,590 SH   SOLE   5,590 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 968 2,790 SH   SOLE   2,790 0 0
CIMPRESS N V SHS EURO N20146101 1,724 21,520 SH   SOLE   21,520 0 0
CITIGROUP INC COM NEW 172967424 962 15,460 SH   SOLE   15,460 0 0
CLOROX CO DEL COM 189054109 278 1,730 SH   SOLE   1,730 0 0
COMCAST CORP NEW CL A 20030N101 448 11,200 SH   SOLE   11,200 0 0
COMPASS MINERALS INTL INC COM 20451N101 4,225 77,700 SH   SOLE   77,700 0 0
CORESITE RLTY CORP COM 21870Q105 909 8,490 SH   SOLE   8,490 0 0
CORNERSTONE ONDEMAND INC COM 21925Y103 2,080 37,980 SH   SOLE   37,980 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 917 33,600 SH   SOLE   33,600 0 0
CREDIT ACCEP CORP MICH COM 225310101 17,052 37,730 SH   SOLE   37,730 0 0
CROWN HOLDINGS INC COM 228368106 734 13,450 SH   SOLE   13,450 0 0
CUBESMART COM 229663109 916 28,600 SH   SOLE   28,600 0 0
DBX ETF TR XTRACK HRVST CSI 233051879 960 33,400 SH   SOLE   33,400 0 0
DEERE & CO COM 244199105 997 6,240 SH   SOLE   6,240 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 796 15,400 SH   SOLE   15,400 0 0
DISCOVERY INC COM SER A 25470F104 343 12,690 SH   SOLE   12,690 0 0
DISNEY WALT CO COM DISNEY 254687106 361 3,250 SH   SOLE   3,250 0 0
DUKE REALTY CORP COM NEW 264411505 908 29,700 SH   SOLE   29,700 0 0
ELLINGTON FINANCIAL INC COM 28852N109 537 30,000 SH   SOLE   30,000 0 0
EMERSON ELEC CO COM 291011104 4,259 62,200 SH   SOLE   62,200 0 0
EMPIRE ST RLTY TR INC CL A 292104106 908 57,500 SH   SOLE   57,500 0 0
EQT CORP COM 26884L109 860 41,500 SH   SOLE   41,500 0 0
EQUINIX INC COM 29444U700 952 2,100 SH   SOLE   2,100 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 904 12,000 SH   SOLE   12,000 0 0
EXPEDIA GROUP INC COM NEW 30212P303 1,640 13,780 SH   SOLE   13,780 0 0
F5 NETWORKS INC COM 315616102 303 1,930 SH   SOLE   1,930 0 0
FACEBOOK INC CL A 30303M102 9,829 58,970 SH   SOLE   58,970 0 0
FASTENAL CO COM 311900104 1,784 27,750 SH   SOLE   27,750 0 0
GARTNER INC COM 366651107 911 6,010 SH   SOLE   6,010 0 0
GCI LIBERTY INC COM CLASS A 36164V305 859 15,450 SH   SOLE   15,450 0 0
GENERAL DYNAMICS CORP COM 369550108 4,165 24,600 SH   SOLE   24,600 0 0
GENERAL MLS INC COM 370334104 4,539 87,700 SH   SOLE   87,700 0 0
GENERAL MTRS CO COM 37045V100 999 26,930 SH   SOLE   26,930 0 0
GENPACT LIMITED SHS G3922B107 20,466 581,750 SH   SOLE   581,750 0 0
GILEAD SCIENCES INC COM 375558103 4,161 64,000 SH   SOLE   64,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 756 3,940 SH   SOLE   3,940 0 0
GRANITE PT MTG TR INC COM 38741L107 371 20,000 SH   SOLE   20,000 0 0
GRUBHUB INC COM 400110102 851 12,250 SH   SOLE   12,250 0 0
GTT COMMUNICATIONS INC COM 362393100 711 20,500 SH   SOLE   20,500 0 0
GUIDEWIRE SOFTWARE INC COM 40171V100 4,333 44,600 SH   SOLE   44,600 0 0
GULFPORT ENERGY CORP COM NEW 402635304 1,460 182,090 SH   SOLE   182,090 0 0
HCP INC COM 40414L109 898 28,700 SH   SOLE   28,700 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 688 24,060 SH   SOLE   24,060 0 0
HERBALIFE NUTRITION LTD COM SHS G4412G101 1,071 20,200 SH   SOLE   20,200 0 0
HIGHWOODS PPTYS INC COM 431284108 206 4,400 SH   SOLE   4,400 0 0
HOME DEPOT INC COM 437076102 349 1,820 SH   SOLE   1,820 0 0
HONEYWELL INTL INC COM 438516106 329 2,070 SH   SOLE   2,070 0 0
HORMEL FOODS CORP COM 440452100 311 6,940 SH   SOLE   6,940 0 0
HOST HOTELS & RESORTS INC COM 44107P104 859 45,460 SH   SOLE   45,460 0 0
INTEL CORP COM 458140100 4,141 77,100 SH   SOLE   77,100 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107 1,096 21,130 SH   SOLE   21,130 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 474 30,000 SH   SOLE   30,000 0 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 354 29,200 SH   SOLE   29,200 0 0
INVITATION HOMES INC COM 46187W107 932 38,300 SH   SOLE   38,300 0 0
ISHARES INC MSCI SWITZERLAND 464286749 886 25,050 SH   SOLE   25,050 0 0
ISHARES INC MSCI STH KOR ETF 464286772 1,067 17,500 SH   SOLE   17,500 0 0
ISHARES INC MSCI GERMANY ETF 464286806 1,069 39,700 SH   SOLE   39,700 0 0
ISHARES INC MSCI NETHERL ETF 464286814 271 9,060 SH   SOLE   9,060 0 0
ISHARES INC MSCI HONG KG ETF 464286871 262 10,000 SH   SOLE   10,000 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 3,792 69,300 SH   SOLE   69,300 0 0
ISHARES INC MSCI ITALY ETF 46434G830 1,390 50,000 SH   SOLE   50,000 0 0
ISHARES TR TIPS BD ETF 464287176 2,940 26,000 SH   SOLE   26,000 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 3,542 80,000 SH   SOLE   80,000 0 0
ISHARES TR 20 YR TR BD ETF 464287432 2,219 17,550 SH   SOLE   17,550 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440 8,715 81,700 SH   SOLE   81,700 0 0
ISHARES TR NASDAQ BIOTECH 464287556 274 2,450 SH   SOLE   2,450 0 0
ISHARES TR JPMORGAN USD EMG 464288281 1,651 15,000 SH   SOLE   15,000 0 0
ISHARES TR 3 7 YR TREAS BD 464288661 1,873 15,200 SH   SOLE   15,200 0 0
ISHARES TR MSCI IRELAND ETF 46429B507 1,045 25,100 SH   SOLE   25,100 0 0
ISHARES TR MSCI INDIA ETF 46429B598 1,600 45,400 SH   SOLE   45,400 0 0
ISHARES TR MSCI CHINA ETF 46429B671 936 15,000 SH   SOLE   15,000 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 3,202 97,000 SH   SOLE   97,000 0 0
JBG SMITH PPTYS COM 46590V100 1,025 24,800 SH   SOLE   24,800 0 0
JP MORGAN EXCHANGE TRADED FD BETBULD MSCI 46641Q738 10,446 125,000 SH   SOLE   125,000 0 0
JPMORGAN CHASE & CO COM 46625H100 749 7,400 SH   SOLE   7,400 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 1,786 70,000 SH   SOLE   70,000 0 0
KELLOGG CO COM 487836108 4,435 77,300 SH   SOLE   77,300 0 0
KEURIG DR PEPPER INC COM 49271V100 383 13,700 SH   SOLE   13,700 0 0
KINDER MORGAN INC DEL COM 49456B101 1,039 51,930 SH   SOLE   51,930 0 0
L BRANDS INC COM 501797104 805 29,200 SH   SOLE   29,200 0 0
LAM RESEARCH CORP COM 512807108 970 5,420 SH   SOLE   5,420 0 0
LEAR CORP COM NEW 521865204 404 2,980 SH   SOLE   2,980 0 0
LENNAR CORP CL A 526057104 461 9,400 SH   SOLE   9,400 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 1,165 12,700 SH   SOLE   12,700 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 748 30,010 SH   SOLE   30,010 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 752 19,670 SH   SOLE   19,670 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 364 10,380 SH   SOLE   10,380 0 0
LIBERTY PPTY TR SH BEN INT 531172104 1,884 38,900 SH   SOLE   38,900 0 0
LOCKHEED MARTIN CORP COM 539830109 330 1,100 SH   SOLE   1,100 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 388 4,620 SH   SOLE   4,620 0 0
MACERICH CO COM 554382101 583 13,450 SH   SOLE   13,450 0 0
MANHATTAN ASSOCS INC COM 562750109 842 15,280 SH   SOLE   15,280 0 0
MCKESSON CORP COM 58155Q103 4,095 34,990 SH   SOLE   34,990 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 3,990 48,100 SH   SOLE   48,100 0 0
MICROSOFT CORP COM 594918104 602 5,100 SH   SOLE   5,100 0 0
MOHAWK INDS INC COM 608190104 1,884 14,932 SH   OTR 1 0 0 14,932
MONRO INC COM 610236101 670 7,740 SH   SOLE   7,740 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 934 40,000 SH   SOLE   40,000 0 0
MORGAN STANLEY EM MKTS DM DE COM 617477104 166 25,000 SH   SOLE   25,000 0 0
MPLX LP COM UNIT REP LTD 55336V100 591 17,970 SH   SOLE   17,970 0 0
NUVEEN MARYLAND QLT MUN INC COM 67061Q107 188 15,000 SH   SOLE   15,000 0 0
NUVEEN PFD & INCM OPPORTNYS COM 67073B106 762 80,000 SH   SOLE   80,000 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 1,086 80,000 SH   SOLE   80,000 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 497 10,000 SH   SOLE   10,000 0 0
ORACLE CORP COM 68389X105 305 5,670 SH   SOLE   5,670 0 0
PACKAGING CORP AMER COM 695156109 396 3,980 SH   SOLE   3,980 0 0
POST HLDGS INC COM 737446104 1,279 11,690 SH   SOLE   11,690 0 0
PTC INC COM 69370C100 977 10,600 SH   SOLE   10,600 0 0
QURATE RETAIL INC COM SER A 74915M100 4,457 278,923 SH   OTR 1 0 0 278,923
QURATE RETAIL INC COM SER A 74915M100 857 53,630 SH   SOLE   53,630 0 0
REALPAGE INC COM 75606N109 630 10,380 SH   SOLE   10,380 0 0
RETAIL PPTYS AMER INC CL A 76131V202 682 56,000 SH   SOLE   56,000 0 0
RYANAIR HLDGS PLC SPONSORED ADS 783513203 2,640 35,231 SH   OTR 1 0 0 35,231
S&P GLOBAL INC COM 78409V104 392 1,860 SH   SOLE   1,860 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 949 48,800 SH   SOLE   48,800 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 633 6,900 SH   SOLE   6,900 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 853 15,200 SH   SOLE   15,200 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 565 21,990 SH   SOLE   21,990 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 854 11,380 SH   SOLE   11,380 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1,578 21,320 SH   SOLE   21,320 0 0
SELECT SECTOR SPDR TR COMMUNICATION 81369Y852 904 19,320 SH   SOLE   19,320 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 1,899 32,650 SH   SOLE   32,650 0 0
SIMON PPTY GROUP INC NEW COM 828806109 910 5,000 SH   SOLE   5,000 0 0
SITE CENTERS CORP COM 82981J109 913 67,000 SH   SOLE   67,000 0 0
SOLAR CAP LTD COM 83413U100 729 35,000 SH   SOLE   35,000 0 0
SOUTHWEST AIRLS CO COM 844741108 293 5,640 SH   SOLE   5,640 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 3,416 28,000 SH   SOLE   28,000 0 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 6,950 190,000 SH   SOLE   190,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 41,525 147,000 SH   SOLE   147,000 0 0
SPDR SERIES TRUST OILGAS EQUIP 78464A748 647 56,000 SH   SOLE   56,000 0 0
SPECTRUM BRANDS HLDGS INC NE COM 84790A105 696 12,700 SH   SOLE   12,700 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 489 12,300 SH   SOLE   12,300 0 0
STORE CAP CORP COM 862121100 914 27,300 SH   SOLE   27,300 0 0
SUN CMNTYS INC COM 866674104 910 7,680 SH   SOLE   7,680 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 855 59,400 SH   SOLE   59,400 0 0
TABLEAU SOFTWARE INC CL A 87336U105 832 6,540 SH   SOLE   6,540 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 885 42,200 SH   SOLE   42,200 0 0
TEXAS INSTRS INC COM 882508104 342 3,220 SH   SOLE   3,220 0 0
THE CHARLES SCHWAB CORPORATI COM 808513105 2,144 50,150 SH   SOLE   50,150 0 0
TRANSDIGM GROUP INC COM 893641100 2,093 4,610 SH   SOLE   4,610 0 0
TRIPADVISOR INC COM 896945201 748 14,540 SH   SOLE   14,540 0 0
TWO HBRS INVT CORP COM NEW 90187B408 271 20,000 SH   SOLE   20,000 0 0
TYLER TECHNOLOGIES INC COM 902252105 1,430 7,000 SH   SOLE   7,000 0 0
UNITED CONTL HLDGS INC COM 910047109 3,283 41,160 SH   SOLE   41,160 0 0
UNITED TECHNOLOGIES CORP COM 913017109 278 2,160 SH   SOLE   2,160 0 0
UNITEDHEALTH GROUP INC COM 91324P102 749 3,030 SH   SOLE   3,030 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 9,529 425,000 SH   SOLE   425,000 0 0
VANECK VECTORS ETF TR VIETNAM ETF 92189F817 331 20,000 SH   SOLE   20,000 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 5,829 71,800 SH   SOLE   71,800 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 2,550 60,000 SH   SOLE   60,000 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 5,526 135,200 SH   SOLE   135,200 0 0
VANGUARD WORLD FDS MATERIALS ETF 92204A801 1,785 14,500 SH   SOLE   14,500 0 0
VERINT SYS INC COM 92343X100 1,159 19,360 SH   SOLE   19,360 0 0
VISA INC COM CL A 92826C839 10,673 68,330 SH   SOLE   68,330 0 0
WABCO HLDGS INC COM 92927K102 1,114 8,450 SH   SOLE   8,450 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 933 32,900 SH   SOLE   32,900 0 0
WAYFAIR INC CL A 94419L101 950 6,400 SH   SOLE   6,400 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 203 6,900 SH   SOLE   6,900 0 0
WELLS FARGO CO NEW COM 949746101 5,379 111,310 SH   SOLE   111,310 0 0
WESTERN UN CO COM 959802109 4,204 227,600 SH   SOLE   227,600 0 0
WILEY JOHN & SONS INC CL A 968223206 4,272 96,600 SH   SOLE   96,600 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 3,178 62,800 SH   SOLE   62,800 0 0
WORKDAY INC CL A 98138H101 1,014 5,260 SH   SOLE   5,260 0 0
WORLD ACCEP CORP DEL COM 981419104 1,113 9,500 SH   SOLE   9,500 0 0
XPO LOGISTICS INC COM 983793100 1,827 34,000 SH   SOLE   34,000 0 0
ZEBRA TECHNOLOGIES CORP CL A 989207105 1,067 5,090 SH   SOLE   5,090 0 0
ZILLOW GROUP INC CL A 98954M101 6,017 175,941 SH   SOLE   175,941 0 0
ZILLOW GROUP INC CL C CAP STK 98954M200 15,235 438,572 SH   SOLE   438,572 0 0