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 A 02079K305 65,023 69,941 SH   SOLE   69,941 0 0
ALPHABET INC CL C 02079K107 131,727 144,957 SH   SOLE   144,957 0 0
AMERICAN TOWER CORP NEW COM 03027X100 321,969 2,433,261 SH   SOLE   2,433,261 0 0
AMERICAN WOODMARK CORP COM 030506109 134,689 1,409,621 SH   SOLE   1,409,621 0 0
AMETEK INC NEW COM 031100100 34,429 568,417 SH   SOLE   568,417 0 0
AON PLC CL A G0408V102 192,409 1,447,226 SH   SOLE   1,447,226 0 0
AUTOZONE INC COM 053332102 3,313 5,807 SH   SOLE   5,807 0 0
BROOKFIELD ASSET MGMT INC CL A 112585104 209,104 5,332,922 SH   SOLE   5,332,922 0 0
CARMAX INC COM 143130102 212,969 3,377,241 SH   SOLE   3,377,241 0 0
DIAMOND HILL INV GROUP NEW COM 25264R207 18,889 94,729 SH   SOLE   94,729 0 0
DRIVE SHACK INC COM 262077100 9,135 2,900,050 SH   SOLE   2,900,050 0 0
ENCORE CAP GROUP INC COM 292554102 116,919 2,912,052 SH   SOLE   2,912,052 0 0
GAMING AND LEISURE PROPERTIES INC COM 36467J108 136,939 3,635,214 SH   SOLE   3,635,214 0 0
HEXCEL CORP NEW COM 428291108 157,338 2,980,460 SH   SOLE   2,980,460 0 0
MARKEL CORP COM 570535104 250,813 257,017 SH   SOLE   257,017 0 0
MARLIN BUSINESS SVCS CORP COM 571157106 30,912 1,229,086 SH   SOLE   1,229,086 0 0
MISTRAS GROUP INC COM 60649T107 34,652 1,577,235 SH   SOLE   1,577,235 0 0
NVR INC COM 62944T105 91,459 37,940 SH   SOLE   37,940 0 0
O'REILLY AUTOMOTIVE INC NEW COM 67103H107 213,870 977,735 SH   SOLE   977,735 0 0
PENN NATL GAMING INC COM 707569109 25,632 1,197,772 SH   SOLE   1,197,772 0 0
SBA COMMUNICATIONS CORP COM 78388J106 6,910 51,220 SH   SOLE   51,220 0 0
SCHEIN HENRY INC COM 806407102 61,951 338,494 SH   SOLE   338,494 0 0
SCHWAB CHARLES CORP NEW COM 808513105 199,247 4,637,976 SH   SOLE   4,637,976 0 0
TWENTY-FIRST CENTURY FOX INC CL A 90130A101 115,280 4,067,756 SH   SOLE   4,067,756 0 0
TWENTY-FIRST CENTURY FOX INC CL B 90130A200 10,512 377,190 SH   SOLE   377,190 0 0
WORLD FUEL SVCS CORP COM 981475106 69,066 1,796,263 SH   SOLE   1,796,263 0 0