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 |
| ACTIVISION BLIZZARD INC | COM | 00507v109 | 4 | 84 | SH | DFND | 01 02 | 84 | 0 | 0 | |
| ANHEUSER-BUSCH INBEV SA/NV | SPONSORED ADR | 03524a108 | 4,298 | 65,306 | SH | DFND | 01 02 | 65,306 | 0 | 0 | |
| APPLE INC | COM | 037833100 | 18,171 | 115,199 | SH | DFND | 01 02 | 115,199 | 0 | 0 | |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 11,260 | 55,147 | SH | DFND | 01 02 | 55,147 | 0 | 0 | |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541w209 | 12,572 | 149,505 | SH | DFND | 01 02 | 149,505 | 0 | 0 | |
| CAMPING WORLD HLDGS INC | CL A | 13462k109 | 310 | 27,020 | SH | DFND | 01 02 | 27,020 | 0 | 0 | |
| CARMAX INC | COM | 143130102 | 103 | 1,640 | SH | DFND | 01 02 | 1,640 | 0 | 0 | |
| COSTAR GROUP INC | COM | 22160n109 | 64 | 190 | SH | DFND | 01 02 | 190 | 0 | 0 | |
| COSTCO WHSL CORP NEW | COM | 22160k105 | 4,300 | 21,110 | SH | DFND | 01 02 | 21,110 | 0 | 0 | |
| FACTSET RESH SYS INC | COM | 303075105 | 105 | 525 | SH | DFND | 01 02 | 525 | 0 | 0 | |
| LANDSTAR SYS INC | COM | 515098101 | 4,238 | 44,293 | SH | DFND | 01 02 | 44,293 | 0 | 0 | |
| MARRIOTT INTL INC NEW | CL A | 571903202 | 18,599 | 171,329 | SH | DFND | 01 02 | 171,329 | 0 | 0 | |
| MICROSOFT CORP | COM | 594918104 | 20,470 | 201,539 | SH | DFND | 01 02 | 201,539 | 0 | 0 | |
| PROGRESSIVE CORP OHIO | COM | 743315103 | 17,978 | 297,992 | SH | DFND | 01 02 | 297,992 | 0 | 0 | |
| QUALCOMM INC | COM | 747525103 | 12,994 | 228,324 | SH | DFND | 01 02 | 228,324 | 0 | 0 | |
| RAVEN INDS INC | COM | 754212108 | 9,324 | 257,632 | SH | DFND | 01 02 | 257,632 | 0 | 0 | |
| RITCHIE BROS AUCTIONEERS | COM | 767744105 | 16,586 | 506,915 | SH | DFND | 01 02 | 506,915 | 0 | 0 | |
| ROPER TECHNOLOGIES INC | COM | 776696106 | 1 | 5 | SH | DFND | 01 02 | 5 | 0 | 0 | |
| SPDR S&P 500 ETF TR | TR UNIT | 78462f103 | 169 | 676 | SH | DFND | 01 02 | 676 | 0 | 0 | |
| STURM RUGER & CO INC | COM | 864159108 | 574 | 10,778 | SH | DFND | 01 02 | 10,778 | 0 | 0 | |
| AEGEAN MARINE PETE NETWORKINC | NOTE 4.000%11/0 | y0020qaa9 | 1 | 3,000 | PRN | DFND | 01 02 | 3,000 | 0 | 0 | |