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 306 5,500 SH   SOLE 0 0 0 5,500
ATLAS FINANCIAL SHS NEW G06207115 160 10,150 SH   SOLE 0 0 0 10,150
AMERICAN HOMES 4 RENT- A CL A 02665T306 1,020 47,123 SH   SOLE 0 47,123 0 0
AMERICAN TOWER CORP COM 03027X100 680 6,000 SH   SOLE 0 0 0 6,000
APOLLO GLOBAL MANAGEMENT - A CL A SHS 37612306 1,703 94,812 SH   SOLE 0 94,812 0 0
BLUE BIRD CORP COM 95306106 574 39,297 SH   SOLE 0 39,297 0 0
TOPBUILD CORP COM 89055F103 5,161 155,443 SH   SOLE 0 155,443 0 0
BERKSHIRE HATHAWAY INC-CL B CL B NEW 84670702 22,954 158,886 SH   SOLE 0 157,286 0 1,600
CELANESE CORP-SERIES A COM SER A 150870103 1,864 28,012 SH   SOLE 0 27,958 0 54
CHESAPEAKE ENERGY CORP COM 165167107 999 159,321 SH   SOLE 0 159,321 0 0
CHARTER COMMUNICATION-A COM 16117M305 2,005 7,428 SH   SOLE 0 7,428 0 0
CARTERS INC COM 146229109 260 3,000 SH   SOLE 0 0 0 3,000
DOLLAR TREE INC COM 256746108 11,953 151,434 SH   SOLE 0 142,334 0 9,100
FEDEX CORP COM 31428X106 16,249 93,019 SH   SOLE 0 93,006 0 13
FORTRESS INVESTMENT GRP-CL A CL A 34958B106 1,203 243,510 SH   SOLE 0 243,510 0 0
FISERV INC COM 337738108 597 6,000 SH   SOLE 0 0 0 6,000
ALPHABET INC-CL C CL A 02079K107 9,190 11,823 SH   SOLE 0 11,473 0 350
ALPHABET INC-CL A CL C 02079K305 10,545 13,115 SH   SOLE 0 12,765 0 350
GULFPORT ENERGY CORP COM 402635304 2,546 90,118 SH   SOLE 0 90,118 0 0
HRG GROUP INC COM 40434J100 3,775 240,442 SH   SOLE 0 240,442 0 0
KKR & CO LP COM UNITS 48248M102 1,676 117,532 SH   SOLE 0 117,532 0 0
LGI HOMES INC COM 50187T106 377 10,230 SH   SOLE 0 0 0 10,230
LIBERTY GLOBAL PLC LILAC - C LILAC SHS CL C G5480U153 878 31,293 SH   SOLE 0 31,031 0 262
LINDBLAD EXPEDITIONS HOLDING COM 535219109 521 57,936 SH   SOLE 0 57,586 0 350
LINDBLAD EXPEDITIONS HOLDING WARRANTS 535219109 92 47,526 SH   SOLE 0 47,526 0 0
LEVEL 3 COMMUNICATIONS INC COM 52729N308 31,592 681,164 SH   SOLE 0 673,099 0 8,065
LIVE NATION ENTERTAINMENT IN COM 538034109 3,020 109,905 SH   SOLE 0 92,905 0 17,000
MOHAWK INDUSTRIES COM 608190104 1,524 7,606 SH   SOLE 0 4,606 0 3,000
MELCO CROWN ENTERTAINME-ADR DEPOSITRY RECPT 585464100 7,076 439,211 SH   SOLE 0 439,211 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 420 5,500 SH   SOLE 0 0 0 5,500
EPLUS INC COM 294268107 378 4,000 SH   SOLE 0 0 0 4,000
POPE RESOURCES DEPOSITRY RECPT 732857107 524 7,945 SH   SOLE 0 7,945 0 0
PAYPAL HOLDINGS INC COM 70450Y103 8,043 196,319 SH   SOLE 0 196,319 0 0
LIBERTY INTERACTIVE CORP Q-A QVC GP COM SER A 53071M104 1,703 85,090 SH   SOLE 0 72,482 0 12,608
REVLON INC-CLASS A CL A NEW 761525609 1,100 29,904 SH   SOLE 0 24,839 0 5,065
RICE ENERGY INC COM 762760106 11,328 433,851 SH   SOLE 0 413,851 0 20,000
TE CONNECTIVITY LTD REG SHS H84989104 547 8,500 SH   SOLE 0 0 0 8,500
UNITED CONTINENTAL HOLDINGS INC COM 910047109 210 4,000 SH   SOLE 0 0 0 4,000
VOYA FINANCIAL INC COM 929089100 9,274 321,790 SH   SOLE 0 321,790 0 0
VIAD CORP COM 92552R406 2,711 73,531 SH   SOLE 0 73,531 0 0
WABCO HOLDINGS INC COM 92927K102 500 4,400 SH   SOLE 0 0 0 4,400
WESTROCK CO COM 96145D105 6,887 142,057 SH   SOLE 0 142,057 0 0
XO GROUP INC COM 983772104 1,423 73,608 SH   SOLE 0 73,608 0 0