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
AMERICAN EXPRESS CO. CMN Common Stock 025816109 20,410 226,706 SH   SOLE   0 0 0
CABELA'S INCORPORATED CMN CLASS A Common Stock 126804301 5,096 77,785 SH   SOLE   0 0 0
CBS CORPORATION CMN CLASS B Common Stock 124857202 16,489 266,805 SH   SOLE   0 0 0
CBS OUTDOOR AMERICAS INC. CMN Common Stock 14987J106 3,655 124,960 SH   SOLE   0 0 0
DOLLAR GENERAL CORPORATION CMN Common Stock 256677105 12,512 225,515 SH   SOLE   0 0 0
DISCOVERY COMMUNICATIONS, INC. CMN SERIES A Common Stock 25470F104 11,626 140,583 SH   SOLE   0 0 0
INTUIT INC CMN Common Stock 461202103 11,973 154,028 SH   SOLE   0 0 0
KRISPY KREME DOUGHNUTS INC CMN Common Stock 501014104 367 20,682 SH   SOLE   0 0 0
KRAFT FOODS GROUP, INC. CMN Common Stock 50076Q106 11,314 201,672 SH   SOLE   0 0 0
MASTERCARD INCORPORATED CMN CLASS A Common Stock 57636Q104 3,133 41,935 SH   SOLE   0 0 0
MARRIOTT INTERNATIONAL, INC. CMN CLASS A Common Stock 571903202 16,137 288,065 SH   SOLE   0 0 0
MICROSOFT CORPORATION CMN Common Stock 594918104 21,020 512,812 SH   SOLE   0 0 0
N V R INC CMN Common Stock 62944T105 16,528 14,410 SH   SOLE   0 0 0
SIRIUS XM HOLDINGS INC CMN Common Stock 82968B103 10,402 3,250,695 SH   SOLE   0 0 0
THE HOWARD HUGHES CORP CMN Common Stock 44267D107 20,176 141,375 SH   SOLE   0 0 0
TWENTY-FIRST CENTURY FOX, INC. CMN CLASS A Common Stock 90130A101 14,435 451,532 SH   SOLE   0 0 0
VISA INC. CMN CLASS A Common Stock 92826C839 3,203 14,838 SH   SOLE   0 0 0
WELLS FARGO & CO (NEW) CMN Common Stock 949746101 22,542 453,195 SH   SOLE   0 0 0
WILLIS GROUP HOLDINGS PLC CMN Common Stock G96666105 9,929 225,000 SH   SOLE   0 0 0