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 CAP STK CL A 02079K305 20,767 25,828 SH   SOLE 0 25,828 0 0
ALPHABET INC CAP STK CL C 02079K107 20,130 25,898 SH   SOLE 0 25,898 0 0
AMAZON COM INC COM 023135106 16,746 20,000 SH   SOLE 0 20,000 0 0
APPLE INC COM 037833100 45,220 400,000 SH   SOLE 0 400,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 14,447 100,000 SH   SOLE 0 100,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 34,315 225,000 SH   SOLE 0 225,000 0 0
DISNEY WALT CO COM DISNEY 254687106 9,286 100,000 SH   SOLE 0 100,000 0 0
FACEBOOK INC CL A 30303M102 74,397 580,000 SH   SOLE 0 580,000 0 0
INFINERA CORPORATION COM 45667G103 4,515 500,000 SH   SOLE 0 500,000 0 0
LENNAR CORP CL A 526057104 2,117 50,000 SH   SOLE 0 50,000 0 0
MARKEL CORP COM 570535104 29,985 32,285 SH   SOLE 0 32,285 0 0
NIKE INC CL B 654106103 2,633 50,000 SH   SOLE 0 50,000 0 0
PAYPAL HLDGS INC COM 70450Y103 20,485 500,000 SH   SOLE 0 500,000 0 0
PULTE GROUP INC COM 745867101 24,048 1,200,000 SH   SOLE 0 1,200,000 0 0
SOUTHWEST AIRLS CO COM 844741108 49,001 1,260,000 SH   SOLE 0 1,260,000 0 0
STARBUCKS CORP COM 855244109 13,535 250,000 SH   SOLE 0 250,000 0 0
VALHI INC NEW COM 918905100 793 344,790 SH   SOLE 0 344,790 0 0
WPP PLC NEW ADR 92937A102 9,418 80,000 SH   SOLE 0 80,000 0 0