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
ASBURY AUTOMOTIVE GROUP COM 043436104 290 5,500 SH   SOLE 0 0 0 5,500
ATLAS FINANCIAL SHS NEW G06207115 175 10,150 SH   SOLE 0 0 0 10,150
AMERICAN HOMES 4 RENT- A CL A 02665T306 965 47,123 SH   SOLE 0 47,123 0 0
AMERICAN TOWER CORP COM 03027X100 682 6,000 SH   SOLE 0 0 0 6,000
APOLLO GLOBAL MANAGEMENT - A CL A SHS 37612306 1,436 94,812 SH   SOLE 0 94,812 0 0
BLUE BIRD CORP COM 95306106 468 39,297 SH   SOLE 0 39,297 0 0
TOPBUILD CORP COM 89055F103 5,699 157,443 SH   SOLE 0 157,443 0 0
BERKSHIRE HATHAWAY INC-CL B CL B NEW 84670702 23,005 158,886 SH   SOLE 0 157,286 0 1,600
CELANESE CORP-SERIES A COM SER A 150870103 2,193 33,512 SH   SOLE 0 33,458 0 54
CHESAPEAKE ENERGY CORP COM 165167107 682 159,321 SH   SOLE 0 159,321 0 0
CHARTER COMMUNICATION-A COM 16117M305 1,698 7,428 SH   SOLE 0 7,428 0 0
CARTERS INC COM 146229109 319 3,000 SH   SOLE 0 0 0 3,000
DOLLAR TREE INC COM 256746108 14,365 152,434 SH   SOLE 0 143,334 0 9,100
FEDEX CORP COM 31428X106 14,118 93,019 SH   SOLE 0 93,006 0 13
FORTRESS INVESTMENT GRP-CL A CL A 34958B106 1,076 243,510 SH   SOLE 0 243,510 0 0
FISERV INC COM 337738108 652 6,000 SH   SOLE 0 0 0 6,000
ALPHABET INC-CL C CL A 02079K107 8,183 11,823 SH   SOLE 0 11,473 0 350
ALPHABET INC-CL A CL C 02079K305 9,227 13,115 SH   SOLE 0 12,765 0 350
GULFPORT ENERGY CORP COM 402635304 1,838 58,812 SH   SOLE 0 58,812 0 0
HRG GROUP INC COM 40434J100 3,301 240,442 SH   SOLE 0 240,442 0 0
KKR & CO LP COM UNITS 48248M102 1,426 115,532 SH   SOLE 0 115,532 0 0
LGI HOMES INC COM 50187T106 327 10,230 SH   SOLE 0 0 0 10,230
LIBERTY GLOBAL PLC LILAC - C LILAC SHS CL C G5480U153 1,076 33,106 SH   SOLE 0 33,031 0 75
LINDBLAD EXPEDITIONS HOLDING COM 535219109 895 92,947 SH   SOLE 0 92,597 0 350
LEVEL 3 COMMUNICATIONS INC COM 52729N308 35,840 696,064 SH   SOLE 0 687,999 0 8,065
LIVE NATION ENTERTAINMENT IN COM 538034109 2,625 111,705 SH   SOLE 0 94,705 0 17,000
MOHAWK INDUSTRIES COM 608190104 1,367 7,206 SH   SOLE 0 4,206 0 3,000
MELCO CROWN ENTERTAINME-ADR DEPOSITRY RECPT 585464100 5,525 439,211 SH   SOLE 0 439,211 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 363 5,500 SH   SOLE 0 0 0 5,500
ORACLE CORPORATION COM 68389X105 205 5,000 SH   SOLE 0 0 0 5,000
EPLUS INC COM 294268107 327 4,000 SH   SOLE 0 0 0 4,000
POPE RESOURCES DEPOSITRY RECPT 732857107 710 11,053 SH   SOLE 0 11,053 0 0
PAYPAL HOLDINGS INC COM 70450Y103 10,618 290,819 SH   SOLE 0 290,819 0 0
LIBERTY INTERACTIVE CORP Q-A QVC GP COM SER A 53071M104 3,719 146,590 SH   SOLE 0 133,982 0 12,608
REVLON INC-CLASS A CL A NEW 761525609 1,400 43,497 SH   SOLE 0 38,432 0 5,065
RICE ENERGY INC COM 762760106 9,333 423,475 SH   SOLE 0 403,475 0 20,000
TE CONNECTIVITY LTD REG SHS H84989104 485 8,500 SH   SOLE 0 0 0 8,500
VOYA FINANCIAL INC COM 929089100 7,968 321,790 SH   SOLE 0 321,790 0 0
VIAD CORP COM 92552R406 2,279 73,531 SH   SOLE 0 73,531 0 0
WABCO HOLDINGS INC COM 92927K102 403 4,400 SH   SOLE 0 0 0 4,400
WESTROCK CO COM 96145D105 5,522 142,057 SH   SOLE 0 142,057 0 0