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
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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. - Class A Com 02079K305 16,682 12,455 SH   SOLE 0 12,021 0 434
Alphabet Inc. - Class C Com 02079K107 20,835 15,583 SH   SOLE 0 15,075 0 508
Apple Inc. Com 037833100 8,987 30,604 SH   SOLE 0 29,619 0 985
Bank of America Corporation Com 060505104 10,427 296,052 SH   SOLE 0 286,287 0 9,765
Bank of New York Mellon Corp Com 064058100 6,836 135,818 SH   SOLE 0 131,208 0 4,610
Barrick Gold Corp. Com 067901108 546 29,360 SH   SOLE 0 28,540 0 820
Berkshire Hathaway Inc. Clas Com 084670702 24,003 105,972 SH   SOLE 0 102,067 0 3,905
Charter Communications Com 16119P108 5,188 10,696 SH   SOLE 0 10,265 0 431
Citigroup Inc. Com 172967424 11,718 146,674 SH   SOLE 0 141,514 0 5,160
Comcast Corp Class A Com 20030N101 4,935 109,747 SH   SOLE 0 105,792 0 3,955
Delta Airlines, Inc. Com 247361702 4,521 77,310 SH   SOLE 0 74,700 0 2,610
Despegar.com Com G27358103 3,729 276,620 SH   SOLE 0 267,770 0 8,850
Dish Network Corp. Com 25470M109 2,327 65,607 SH   SOLE 0 63,112 0 2,495
Eagle Materials Inc. Com 26969P108 3,987 43,977 SH   SOLE 0 42,387 0 1,590
Expedia Group Inc. Com 30212P303 3,413 31,558 SH   SOLE 0 30,433 0 1,125
Facebook Com 30303M102 13,762 67,049 SH   SOLE 0 64,837 0 2,212
Fox Corporation - Class A Com 35137L105 1,772 47,796 SH   SOLE 0 46,939 0 857
Fox Corporation - Class B Com 35137L204 875 24,031 SH   SOLE 0 22,379 0 1,652
General Motors Com 37045V100 8,051 219,976 SH   SOLE 0 212,101 0 7,875
Goldman Sachs Com 38141G104 7,246 31,515 SH   SOLE 0 30,507 0 1,008
JP Morgan Chase & Co. Com 46625H100 15,900 114,061 SH   SOLE 0 110,351 0 3,710
Kinder Morgan Inc. Com 49456B101 3,131 147,901 SH   SOLE 0 142,356 0 5,545
Kinross Gold Corp. Com 496902404 2,453 517,420 SH   SOLE 0 497,310 0 20,110
Liberty Broadband-A Com 530307107 11,449 91,916 SH   SOLE 0 89,116 0 2,800
Liberty Media Sirius A Com 531229409 5,337 110,400 SH   SOLE 0 106,650 0 3,750
Market Vectors Gold Miners E Com 92189F106 5,555 189,704 SH   SOLE 0 183,259 0 6,445
Marvell Technology Group Ltd Com G5876H105 201 7,550 SH   SOLE 0 7,550 0 0
MMA Capital Holdings, Inc. Com 55315D105 9,690 304,712 SH   SOLE 0 304,712 0 0
Newmont Goldcorp Com 651639106 869 19,990 SH   SOLE 0 18,052 0 1,938
NVR Inc. Com 62944T105 3,648 958 SH   SOLE 0 928 0 30
Packaging Corp of America Com 695156109 3,875 34,603 SH   SOLE 0 33,683 0 920
Range Resources Corp Com 75281A109 1,958 403,800 SH   SOLE 0 389,500 0 14,300
Spirit Airlines Inc. Com 848577102 10,976 272,280 SH   SOLE 0 262,920 0 9,360
SS & C Technologies Holdings I Com 78467J100 10,484 170,755 SH   SOLE 0 165,320 0 5,435
T-Mobile US Inc. Com 872590104 11,547 147,243 SH   SOLE 0 142,019 0 5,224
Uber Technologies Inc. Com 90353T100 3,382 113,722 SH   SOLE 0 109,802 0 3,920
US Bancorp Com 902973304 4,408 74,344 SH   SOLE 0 72,939 0 1,405
Walt Disney Co. Com 254687106 8,738 60,419 SH   SOLE 0 58,407 0 2,012
Zillow Group - Class C Com 98954M200 5,888 128,176 SH   SOLE 0 123,831 0 4,345