The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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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 |
| ANHEUSER-BUSCH INBEV SA/NV | SPONSORED ADR | 03524a108 | 1 | 10 | SH | DFND | 01 02 | 10 | 0 | 0 | |
| APPLE INC | COM | 037833100 | 18,222 | 108,609 | SH | DFND | 01 02 | 108,609 | 0 | 0 | |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 10,396 | 52,114 | SH | DFND | 01 02 | 52,114 | 0 | 0 | |
| C.H. ROBINSON WORLDWIDE INC | COM NEW | 12541w209 | 12,808 | 136,676 | SH | DFND | 01 02 | 136,676 | 0 | 0 | |
| CAMPING WORLD HLDGS INC | CL A | 13462k109 | 242 | 7,500 | SH | DFND | 01 02 | 7,500 | 0 | 0 | |
| CARMAX INC | COM | 143130102 | 1,169 | 18,866 | SH | DFND | 01 02 | 18,866 | 0 | 0 | |
| COSTAR GROUP INC | COM | 22160n109 | 69 | 190 | SH | DFND | 01 02 | 190 | 0 | 0 | |
| COSTCO WHSL CORP NEW | COM | 22160k105 | 5,897 | 31,295 | SH | DFND | 01 02 | 31,295 | 0 | 0 | |
| DICKS SPORTING GOODS INC | COM | 253393102 | 578 | 16,500 | SH | DFND | 01 02 | 16,500 | 0 | 0 | |
| FACTSET RESH SYS INC | COM | 303075105 | 1,208 | 6,057 | SH | DFND | 01 02 | 6,057 | 0 | 0 | |
| LANDSTAR SYS INC | COM | 515098101 | 2,035 | 18,559 | SH | DFND | 01 02 | 18,559 | 0 | 0 | |
| MARRIOTT INTL INC NEW | CL A | 571903202 | 11,852 | 87,163 | SH | DFND | 01 02 | 87,163 | 0 | 0 | |
| MICROSOFT CORP | COM | 594918104 | 17,762 | 194,612 | SH | DFND | 01 02 | 194,612 | 0 | 0 | |
| PROGRESSIVE CORP OHIO | COM | 743315103 | 11,180 | 183,491 | SH | DFND | 01 02 | 183,491 | 0 | 0 | |
| QUALCOMM INC | COM | 747525103 | 11,673 | 210,659 | SH | DFND | 01 02 | 210,659 | 0 | 0 | |
| RAVEN INDS INC | COM | 754212108 | 16,085 | 458,915 | SH | DFND | 01 02 | 458,915 | 0 | 0 | |
| RITCHIE BROS AUCTIONEERS | COM | 767744105 | 14,987 | 476,227 | SH | DFND | 01 02 | 476,227 | 0 | 0 | |
| ROPER TECHNOLOGIES INC | COM | 776696106 | 1 | 5 | SH | DFND | 01 02 | 5 | 0 | 0 | |
| STURM RUGER & CO INC | COM | 864159108 | 566 | 10,778 | SH | DFND | 01 02 | 10,778 | 0 | 0 | |
| AEGEAN MARINE PETE NETWORK I | NOTE | y0020qaa9 | 3 | 3,000 | PRN | DFND | 01 02 | 3,000 | 0 | 0 | |
| ENDOLOGIX INC | NOTE | 29266saa4 | 3 | 3,000 | PRN | DFND | 01 02 | 3,000 | 0 | 0 | |