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
ANHEUSER-BUSCH INBEV ADR SPONSORED ADR 03524a108 1 10 SH   DFND 01 02 10 0 0
APPLE COM 037833100 16,450 97,204 SH   DFND 01 02 97,204 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 10,300 51,964 SH   DFND 01 02 51,964 0 0
C.H. ROBINSON WORLDWIDE INC COM NEW 12541w209 11,648 130,741 SH   DFND 01 02 130,741 0 0
CAMPING WORLD HLDGS INC CL A 13462k109 335 7,500 SH   DFND 01 02 7,500 0 0
CARMAX INC COM 143130102 1,210 18,866 SH   DFND 01 02 18,866 0 0
COSTAR GRP INC COM 22160n109 56 190 SH   DFND 01 02 190 0 0
COSTCO WHSL CORP NEW COM 22160k105 5,825 31,295 SH   DFND 01 02 31,295 0 0
DICKS SPORTING GOODS INC COM 253393102 474 16,500 SH   DFND 01 02 16,500 0 0
FACTSET RESH SYS INC COM 303075105 1,168 6,057 SH   DFND 01 02 6,057 0 0
LANDSTAR SYS INC COM 515098101 1,932 18,559 SH   DFND 01 02 18,559 0 0
MARRIOTT INTL INC NEW CL A 571903202 11,681 86,057 SH   DFND 01 02 86,057 0 0
MICROSOFT CORP COM 594918104 20,460 239,192 SH   DFND 01 02 239,192 0 0
PROGRESSIVE CORP OHIO COM 743315103 8,628 153,196 SH   DFND 01 02 153,196 0 0
QUALCOMM INC COM 747525103 13,286 207,529 SH   DFND 01 02 207,529 0 0
RAVEN INDS INC COM 754212108 15,792 459,750 SH   DFND 01 02 459,750 0 0
RITCHIE BROS AUCTIONEERS COM 767744105 13,531 452,092 SH   DFND 01 02 452,092 0 0
ROPER TECHNOLOGIES INC COM 776696106 1 5 SH   DFND 01 02 5 0 0
STURM RUGER & CO INC COM 864159108 602 10,778 SH   DFND 01 02 10,778 0 0