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 22,887 30,000 SH   DFND 1 0 30,000 0
ALPHABET INC CAP STK CL A 02079K305 1,373 1,800 SH   DFND 1 0 1,800 0
ALPHABET INC CAP STK CL A 02079K305 1,678 2,200 SH   DFND 1 0 2,200 0
ALPHABET INC CAP STK CL A 02079K305 30,272 39,680 SH   DFND 1 0 39,680 0
ALPHABET INC CAP STK CL C 02079K107 25,906 34,775 SH   DFND 1 0 34,775 0
AMAZON INC COM 023135106 445 750 SH   DFND 1 0 750 0
BAIDU INC SPON ADR REP A 056752108 13,362 70,000 SH   DFND 1 0 70,000 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 10,673 50 SH   DFND 1 0 50 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 100,535 471 SH   DFND 1 0 471 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4,509 31,780 SH   DFND 1 0 31,780 0
CREDIT ACCEP CORP MICH COM 225310101 15,523 85,503 SH   DFND 1 0 85,503 0
DANAHER CORP DEL COM 235851102 1,043 11,000 SH   DFND 1 0 11,000 0
DEERE & CO COM 244199105 19,045 247,373 SH   DFND 1 0 247,373 0
FASTENAL CO COM 311900104 735 15,000 SH   DFND 1 0 15,000 0
FASTENAL CO COM 311900104 39,200 800,000 SH   DFND 1 0 800,000 0
LEUCADIA NATL CORP COM 527288104 889 55,000 SH   DFND 1 0 55,000 0
LEUCADIA NATL CORP COM 527288104 728 45,000 SH   DFND 1 0 45,000 0
MARKEL CORP COM 570535104 2,073 2,325 SH   DFND 1 0 2,325 0
MICROSOFT CORP COM 594918104 1,215 22,000 SH   DFND 1 0 22,000 0
MICROSOFT CORP COM 594918104 552 10,000 SH   DFND 1 0 10,000 0
MICROSOFT CORP COM 594918104 34,795 630,000 SH   DFND 1 0 630,000 0
NATIONAL OILWELL VARCO INC COM 637071101 902 29,000 SH   DFND 1 0 29,000 0
NATIONAL OILWELL VARCO INC COM 637071101 638 20,500 SH   DFND 1 0 20,500 0
NOW INC COM 67011P100 886 50,000 SH   DFND 1 0 50,000 0
NOW INC COM 67011P100 886 50,000 SH   DFND 1 0 50,000 0
NOW INC COM 67011P100 6,923 390,700 SH   DFND 1 0 390,700 0
TRUPANION INC COM 898202106 9,132 927,091 SH   DFND 1 0 927,091 0
VERISIGN INC COM 93243E102 35,416 400,000 SH   DFND 1 0 400,000 0
WABTEC COM 929740108 71 900 SH   DFND 1 0 900 0