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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMAZON.COM INC COM 023135106   26,149,508 144,969 SH   SOLE   144,969 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524a108   25,500,492 419,554 SH   SOLE   419,554 0 0
APPLE INC COM 037833100   1,372 8 SH   SOLE   8 0 0
AUTODESK INC COM 052769106   24,903,965 95,630 SH   SOLE   95,630 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   42,052 100 SH   SOLE   100 0 0
CHARTER COMMUNICATIONS INC N CL A 16119p108   31,256,675 107,548 SH   SOLE   107,548 0 0
COSTCO WHSL CORP NEW COM 22160k105   278,399 380 SH   SOLE   380 0 0
FRP HLDGS INC COM 30292l107   6,140 100 SH   SOLE   100 0 0
GOGO INC COM 38046c109   21,406,588 2,438,108 SH   SOLE   2,438,108 0 0
LAM RESEARCH CORP COM 512807108   25,132,973 25,868 SH   SOLE   25,868 0 0
LANDSTAR SYS INC COM 515098101   250,588 1,300 SH   SOLE   1,300 0 0
MARKEL GROUP INC COM 570535104   43,106,571 28,332 SH   SOLE   28,332 0 0
MARRIOTT INTL INC NEW CCL A 571903202   63,475,198 251,576 SH   SOLE   251,576 0 0
MICROSOFT CORP COM 594918104   43,632,135 103,708 SH   SOLE   103,708 0 0
PROGRESSIVE CORP COM 743315103   68,021,816 328,894 SH   SOLE   328,894 0 0
ROPER TECHNOLOGIES INC COM 776696106   13,825,958 24,652 SH   SOLE   24,652 0 0
SPDR S&P 500 ETF TR TR UNIT 78462f103   7,323 14 SH   SOLE   14 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   29,871,528 3,421,710 SH   SOLE   3,421,710 0 0