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
American Airlines Group, Inc. COM 02376R102 87,997 1,667,235 SH   SOLE 0 1,621,688 0 45,547
Alliance Data Systems Corporation COM 018581108 6,297 21,255 SH   SOLE 0 20,666 0 589
American International Group, Inc. COM 026874784 52,689 961,660 SH   SOLE 0 935,664 0 25,996
AMC Networks Inc. Class A COM 00164V103 3,184 41,546 SH   SOLE 0 40,346 0 1,200
America Movil SAB de CV Sponsored ADR Class L COM 02364W105 7,521 367,610 SH   SOLE 0 357,310 0 10,300
Amazon.com, Inc. COM 023135106 44,704 120,140 SH   SOLE 0 116,856 0 3,284
Anthem, Inc. COM 036752103 6,009 38,915 SH   SOLE 0 37,815 0 1,100
ACTIVISION BLIZZARD INC COM 00507V109 4,857 213,717 SH   SOLE 0 207,630 0 6,087
American Express Company COM 025816109 25,524 326,726 SH   SOLE 0 317,777 0 8,949
Bank of America Corporation COM 060505104 42,055 2,732,605 SH   SOLE 0 2,657,926 0 74,679
Belmond Ltd. Class A COM G1154H107 19,911 1,621,419 SH   SOLE 0 1,576,141 0 45,278
Sotheby s Class A COM 835898107 10,333 244,519 SH   SOLE 0 237,637 0 6,882
BAIDU, INC. SPONSORED ADR CLASS A COM 056752108 5,257 25,224 SH   SOLE 0 24,506 0 718
Bio-Rad Laboratories, Inc. Class A COM 090572207 3,940 29,147 SH   SOLE 0 28,347 0 800
BANK OF NEW YORK MELLON CORPORATION COM 064058100 2,112 52,497 SH   SOLE 0 51,002 0 1,495
BankUnited, Inc. COM 06652K103 1,640 50,084 SH   SOLE 0 48,651 0 1,433
Bristol-Myers Squibb Company COM 110122108 5,162 80,026 SH   SOLE 0 77,926 0 2,100
Berkshire Hathaway Inc. Class B COM 084670702 21,807 151,104 SH   SOLE 0 146,804 0 4,300
Boyd Gaming Corporation COM 103304101 1,241 87,367 SH   SOLE 0 84,967 0 2,400
Citigroup Inc. COM 172967424 45,883 890,584 SH   SOLE 0 866,532 0 24,052
Avis Budget Group, Inc. COM 053774105 8,083 136,968 SH   SOLE 0 133,168 0 3,800
CBRE Group, Inc. Class A COM 12504L109 34,398 888,605 SH   SOLE 0 864,005 0 24,600
CBS Corporation Class B COM 124857202 2,337 38,552 SH   SOLE 0 37,452 0 1,100
CF Industries Holdings, Inc. COM 125269100 3,314 11,683 SH   SOLE 0 11,383 0 300
Citizens Financial Group, Inc. COM 174610105 6,087 252,239 SH   SOLE 0 244,839 0 7,400
Charter Communications, Inc. Class A COM 16117M305 4,249 22,001 SH   SOLE 0 21,401 0 600
CoreLogic, Inc. COM 21871D103 8,948 253,695 SH   SOLE 0 246,555 0 7,140
Capital One Financial Corporation COM 14040H105 22,559 286,212 SH   SOLE 0 278,238 0 7,974
Costco Wholesale Corporation COM 22160K105 36,029 237,822 SH   SOLE 0 231,235 0 6,587
Coty Inc. Class A COM 222070203 5,688 234,355 SH   SOLE 0 227,955 0 6,400
Cisco Systems, Inc. COM 17275R102 3,925 142,586 SH   SOLE 0 138,686 0 3,900
CTC Media, Inc. COM 12642X106 372 93,933 SH   SOLE 0 91,233 0 2,700
CTRIP.COM INTERNATIONAL LTD. SPONSORED ADR COM 22943F100 1,290 22,006 SH   SOLE 0 21,379 0 627
Cognizant Technology Solutions Corporation Class A COM 192446102 5,900 94,571 SH   SOLE 0 91,971 0 2,600
Cablevision Systems Corporation Class A COM 12686C109 17,993 983,202 SH   SOLE 0 955,868 0 27,334
Cemex SAB de CV Sponsored ADR COM 151290889 23,219 2,451,818 SH   SOLE 0 2,383,300 0 68,518
Delta Air Lines, Inc. COM 247361702 81,788 1,819,118 SH   SOLE 0 1,769,418 0 49,700
Discovery Communications, Inc. Class A COM 25470F104 2,301 74,802 SH   SOLE 0 72,745 0 2,057
Discovery Communications, Inc. Class C COM 25470F302 1,741 59,063 SH   SOLE 0 57,397 0 1,666
Delphi Automotive PLC COM G27823106 6,023 75,534 SH   SOLE 0 73,434 0 2,100
NOW Inc COM 67011P100 6,716 310,344 SH   SOLE 0 301,711 0 8,633
DIRECTV COM 25490A309 963 11,311 SH   SOLE 0 11,011 0 300
eBay Inc. COM 278642103 21,238 368,211 SH   SOLE 0 357,911 0 10,300
Estee Lauder Companies Inc. Class A COM 518439104 3,882 46,679 SH   SOLE 0 45,379 0 1,300
ENERGIZER HOLDINGS, INC. COM 29266R108 1,641 11,887 SH   SOLE 0 11,548 0 339
EPAM Systems, Inc. COM 29414B104 7,551 123,204 SH   SOLE 0 119,704 0 3,500
Embraer S.A. Sponsored ADR COM 29082A107 1,400 45,531 SH   SOLE 0 44,234 0 1,297
Ford Motor Company COM 345370860 15,200 941,774 SH   SOLE 0 915,774 0 26,000
Fluor Corporation COM 343412102 1,146 20,047 SH   SOLE 0 19,447 0 600
Federal National Mortgage Association COM 313586109 406 172,694 SH   SOLE 0 167,994 0 4,700
Graco Inc. COM 384109104 3,847 53,315 SH   SOLE 0 51,915 0 1,400
Google Inc. Class C COM 38259P706 29,879 54,524 SH   SOLE 0 52,929 0 1,595
Google Inc. Class A COM 38259P508 2,160 3,894 SH   SOLE 0 3,794 0 100
Garmin Ltd. COM H2906T109 4,694 98,785 SH   SOLE 0 96,085 0 2,700
Graftech International Ltd COM 384313102 920 236,589 SH   SOLE 0 230,189 0 6,400
Halliburton Company COM 406216101 1,110 25,302 SH   SOLE 0 24,602 0 700
Huntington Bancshares Incorporated COM 446150104 3,153 285,344 SH   SOLE 0 277,744 0 7,600
Hanesbrands Inc. COM 410345102 10,293 307,167 SH   SOLE 0 298,767 0 8,400
Hackett Group, Inc. COM 404609109 4,244 474,726 SH   SOLE 0 461,926 0 12,800
HARLEY-DAVIDSON, INC. COM 412822108 1,956 32,205 SH   SOLE 0 31,288 0 917
Hewlett-Packard Company COM 428236103 5,377 172,572 SH   SOLE 0 167,872 0 4,700
Hertz Global Holdings, Inc. COM 42805T105 4,470 206,167 SH   SOLE 0 200,567 0 5,600
iHeartMedia, Inc. Class A COM 45174J103 1,050 221,043 SH   SOLE 0 214,743 0 6,300
iShares MSCI India ETF COM 46429B598 3,286 102,726 SH   SOLE 0 82,184 0 20,542
Intel Corporation COM 458140100 15,185 485,613 SH   SOLE 0 472,331 0 13,282
Gartner, Inc. COM 366651107 14,960 178,419 SH   SOLE 0 173,543 0 4,876
JD.com, Inc. Sponsored ADR Class A COM 47215P106 2,955 100,586 SH   SOLE 0 97,760 0 2,826
JPMorgan Chase & Co. COM 46625H100 5,126 84,610 SH   SOLE 0 82,310 0 2,300
KKR & Co. L.P. COM 48248M102 5,597 245,390 SH   SOLE 0 238,646 0 6,744
Kroger Co. COM 501044101 5,083 66,301 SH   SOLE 0 64,401 0 1,900
Kansas City Southern COM 485170302 3,240 31,735 SH   SOLE 0 30,835 0 900
Loews Corporation COM 540424108 10,682 261,613 SH   SOLE 0 254,179 0 7,434
Lazard Ltd Class A COM G54050102 22,066 419,584 SH   SOLE 0 407,984 0 11,600
Liberty Broadband Corp. Class A COM 530307107 3,368 59,630 SH   SOLE 0 57,845 0 1,785
Liberty Broadband Corp. Class C COM 530307305 3,482 61,511 SH   SOLE 0 59,716 0 1,795
Liberty Global Plc Class A COM G5480U104 46,966 912,492 SH   SOLE 0 887,814 0 24,678
Liberty Global Plc Class C COM G5480U120 45,486 913,190 SH   SOLE 0 888,510 0 24,680
Liberty Media Corp. Class A COM 531229102 4,399 114,101 SH   SOLE 0 111,101 0 3,000
Liberty Media Corp Class C COM 531229300 6,171 161,538 SH   SOLE 0 156,974 0 4,564
Lowe s Companies, Inc. COM 548661107 8,254 110,955 SH   SOLE 0 107,855 0 3,100
Louisiana-Pacific Corporation COM 546347105 1,473 89,244 SH   SOLE 0 86,744 0 2,500
Liberty TripAdvisor Holdings Inc Class A COM 531465102 230 7,244 SH   SOLE 0 7,044 0 200
Leucadia National Corporation COM 527288104 5,106 229,081 SH   SOLE 0 222,681 0 6,400
Level 3 Communications, Inc. COM 52729N308 13,465 250,084 SH   SOLE 0 243,184 0 6,900
Liberty Interactive Corporation Ventures Series A COM 53071M880 3,002 71,448 SH   SOLE 0 69,548 0 1,900
LUXOFT HOLDING, INC. CLASS A COM G57279104 872 16,847 SH   SOLE 0 16,367 0 480
Masco Corporation COM 574599106 3,856 144,423 SH   SOLE 0 140,423 0 4,000
MBIA Inc. COM 55262C100 19,731 2,121,665 SH   SOLE 0 2,062,865 0 58,800
Moody s Corporation COM 615369105 6,377 61,434 SH   SOLE 0 59,671 0 1,763
MGM Resorts International COM 552953101 19,018 904,307 SH   SOLE 0 878,574 0 25,733
Mohawk Industries, Inc. COM 608190104 6,116 32,926 SH   SOLE 0 32,026 0 900
Macquarie Infrastructure Company LLC COM 55608B105 2,345 28,495 SH   SOLE 0 27,695 0 800
MARKEL CORPORATION COM 570535104 5,188 6,747 SH   SOLE 0 6,555 0 192
Altria Group, Inc. COM 02209S103 6,749 134,928 SH   SOLE 0 134,928 0 0
Mindray Medical International Ltd. Sponsored ADR C COM 602675100 2,358 86,210 SH   SOLE 0 83,810 0 2,400
Morgan Stanley COM 617446448 10,732 300,706 SH   SOLE 0 292,322 0 8,384
Microsoft Corporation COM 594918104 6,128 150,723 SH   SOLE 0 146,623 0 4,100
Micron Technology, Inc. COM 595112103 17,309 638,006 SH   SOLE 0 620,406 0 17,600
Blue Nile, Inc. COM 09578R103 3,014 94,646 SH   SOLE 0 92,146 0 2,500
NetEase, Inc. Sponsored ADR COM 64110W102 4,640 44,067 SH   SOLE 0 42,867 0 1,200
Priceline Group Inc COM 741503403 23,706 20,363 SH   SOLE 0 19,736 0 627
Philip Morris International Inc. COM 718172109 4,815 63,919 SH   SOLE 0 63,919 0 0
PriceSmart, Inc. COM 741511109 2,062 24,268 SH   SOLE 0 23,577 0 691
QUALCOMM Incorporated COM 747525103 729 10,515 SH   SOLE 0 10,215 0 300
Liberty Interactive Corporation Class A COM 53071M104 12,829 439,484 SH   SOLE 0 427,284 0 12,200
Revlon, Inc. Class A COM 761525609 2,255 54,722 SH   SOLE 0 53,151 0 1,571
Rock-Tenn Company Class A COM 772739207 5,661 87,762 SH   SOLE 0 85,362 0 2,400
Rambus Inc. COM 750917106 1,025 81,500 SH   SOLE 0 79,179 0 2,321
Raytheon Company COM 755111507 3,099 28,363 SH   SOLE 0 27,663 0 700
Ryanair Holdings Plc Sponsored ADR COM 783513104 252 3,771 SH   SOLE 0 3,371 0 400
Sberbank Russia OJSC Sponsored ADR COM 80585Y308 6,021 1,377,874 SH   SOLE 0 1,338,925 0 38,949
Charles Schwab Corporation COM 808513105 9,091 298,652 SH   SOLE 0 289,842 0 8,810
Sherwin-Williams Company COM 824348106 8,563 30,098 SH   SOLE 0 29,298 0 800
Signet Jewelers Limited COM G81276100 5,749 41,421 SH   SOLE 0 40,321 0 1,100
SL Green Realty Corp. COM 78440X101 24,204 188,533 SH   SOLE 0 183,246 0 5,287
Scotts Miracle-Gro Company Class A COM 810186106 4,370 65,065 SH   SOLE 0 63,365 0 1,700
SanDisk Corporation COM 80004C101 3,444 54,137 SH   SOLE 0 52,637 0 1,500
Sohu.com, Inc. COM 83408W103 1,833 34,362 SH   SOLE 0 33,362 0 1,000
Sistema JSFC Sponsored GDR RegS COM 48122U204 771 104,140 SH   SOLE 0 104,140 0 0
Starz Inc Class A COM 85571Q102 2,569 74,656 SH   SOLE 0 72,553 0 2,103
Seagate Technology PLC COM G7945M107 7,937 152,537 SH   SOLE 0 148,337 0 4,200
Synchrony Financial COM 87165B103 1,931 63,613 SH   SOLE 0 61,813 0 1,800
Tribune Publishing Co COM 896082104 366 18,862 SH   SOLE 0 18,362 0 500
Tribune Media Co. Class A COM 896047503 7,259 119,376 SH   SOLE 0 116,076 0 3,300
TripAdvisor, Inc. COM 896945201 6,830 82,116 SH   SOLE 0 79,816 0 2,300
Tractor Supply Company COM 892356106 13,884 163,225 SH   SOLE 0 158,857 0 4,368
Taiwan Semiconductor Manufacturing Co., Ltd. Spons COM 874039100 14,612 622,317 SH   SOLE 0 605,317 0 17,000
Tesoro Corporation COM 881609101 6,160 67,477 SH   SOLE 0 65,575 0 1,902
Towers Watson & Co. Class A COM 891894107 12,366 93,553 SH   SOLE 0 90,953 0 2,600
United Continental Holdings, Inc. COM 910047109 19,847 295,120 SH   SOLE 0 286,820 0 8,300
USG Corporation COM 903293405 2,518 94,312 SH   SOLE 0 91,712 0 2,600
Verisk Analytics, Inc. Class A COM 92345Y106 4,551 63,733 SH   SOLE 0 61,966 0 1,767
Viad Corp COM 92552R406 3,590 129,037 SH   SOLE 0 125,337 0 3,700
Verizon Communications Inc. COM 92343V104 2,512 51,657 SH   SOLE 0 50,257 0 1,400
Walgreens Boots Alliance Inc COM 931427108 951 11,231 SH   SOLE 0 10,931 0 300
Western Digital Corporation COM 958102105 9,310 102,297 SH   SOLE 0 99,481 0 2,816
Wells Fargo & Company COM 949746101 22,769 418,555 SH   SOLE 0 406,655 0 11,900
United States Steel Corporation COM 912909108 951 38,991 SH   SOLE 0 37,909 0 1,082
Xerox Corporation COM 984121103 486 37,833 SH   SOLE 0 36,833 0 1,000