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
APPLE INC COM 037833100 42,283 455,000 SH   SOLE 0 455,000 0 0
BANK OF AMERICA CORPORATION COM 060505104 12,296 800,000 SH   SOLE 0 800,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 25,312 200,000 SH   SOLE 0 200,000 0 0
CARMAX INC COM 143130102 15,603 300,000 SH   SOLE 0 300,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 23,032 200,000 SH   SOLE 0 200,000 0 0
DISNEY WALT CO COM DISNEY 254687106 12,861 150,000 SH   SOLE 0 150,000 0 0
EOG RES INC COM 26875P101 4,674 40,000 SH   SOLE 0 40,000 0 0
EBAY INC COM 278642103 20,024 400,000 SH   SOLE 0 400,000 0 0
FACEBOOK INC CL A 30303M102 47,103 700,000 SH   SOLE 0 700,000 0 0
GOOGLE INC CL A 38259P508 16,371 28,000 SH   SOLE 0 28,000 0 0
GOOGLE INC CL C 38259P706 16,108 28,000 SH   SOLE 0 28,000 0 0
INFINERA CORPORATION COM 45667G103 4,736 514,800 SH   SOLE 0 514,800 0 0
MARKEL CORP COM 570535104 22,947 35,000 SH   SOLE 0 35,000 0 0
MONSANTO CO NEW COM 61166W101 12,474 100,000 SH   SOLE 0 100,000 0 0
PIONEER NAT RES CO COM 723787107 11,329 49,297 SH   SOLE 0 49,297 0 0
PULTE GROUP INC COM 745867101 20,160 1,000,000 SH   SOLE 0 1,000,000 0 0
QUALCOMM INC COM 747525103 11,880 150,000 SH   SOLE 0 150,000 0 0
SOUTHWEST AIRLS CO COM 844741108 40,290 1,500,000 SH   SOLE 0 1,500,000 0 0
STARBUCKS CORP COM 855244109 15,476 200,000 SH   SOLE 0 200,000 0 0
VALHI INC NEW COM 918905100 2,214 344,790 SH   SOLE 0 344,790 0 0
WPP PLC NEW ADR 92937A102 21,529 197,535 SH   SOLE 0 197,535 0 0