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
ALASKA AIR GROUP INC COM 011659109 5,407 88,853 SH   SOLE   88,853 0 0
AMERICAN EXPRESS CO COM 025816109 15,901 166,814 SH   SOLE   166,814 0 0
APPLE INC COM 037833100 4,452 28,225 SH   SOLE   28,225 0 0
BED BATH BEYOND INC COM 075896100 431 38,094 SH   SOLE   38,094 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 32,365 79,141 SH   SOLE   79,141 0 0
CITIGROUP INC. COM NEW 172967424 5,637 108,269 SH   SOLE   108,269 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 6,375 56,073 SH   SOLE   56,073 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 8,246 114,489 SH   SOLE   114,489 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229607 5,013 135,520 SH   SOLE   135,520 0 0
PULTEGROUP INC COM 745867101 5,473 210,515 SH   SOLE   210,515 0 0
SOUTHWEST AIRL CO COM 844741108 5,110 109,921 SH   SOLE   109,921 0 0
TORCHMARK CORP COM 891027104 5,579 74,849 SH   SOLE   74,849 0 0
US BANCORP DEL COM NEW 902973304 7,587 166,049 SH   SOLE   166,049 0 0
UNION PACIFIC CORP COM 907818108 5,622 40,680 SH   SOLE   40,680 0 0
WELLS FARGO CO NEW COM 949746101 6,985 151,562 SH   SOLE   151,562 0 0
AMERISOURCEBERGEN CORP COM 03073E105 3,851 51,769 SH   SOLE   51,769 0 0
AUTONATION INC COM 05329W102 3,837 107,455 SH   SOLE   107,455 0 0
AFFILIATED MANAGERS GROUP IN COM 008252108 2,286 23,464 SH   SOLE   23,464 0 0
COLONY CAP INC NEW CL A COM 19626G108 1,069 228,581 SH   SOLE   228,581 0 0
COMCAST CORP NEW CL A 20030N101 6,646 195,180 SH   SOLE   195,180 0 0
D R HORTON INC COM COM 23331A109 5,319 153,445 SH   SOLE   153,445 0 0
DISCOVERY INC COM SER C 25470F302 6,103 264,513 SH   SOLE   264,513 0 0
GENERAL MTRS CO COM 37045V100 10,719 320,461 SH   SOLE   320,461 0 0
JPMORGAN CHASE CO COM 46625H100 10,469 107,262 SH   SOLE   107,262 0 0
MCKESSON CORP COM 58155Q103 1,900 17,194 SH   SOLE   17,194 0 0
MOLSON COORS BREWING CO CL B 60871R209 4,956 88,233 SH   SOLE   88,233 0 0
REALOGY HLDGS CORP COM 75605Y106 2,067 140,742 SH   SOLE   140,742 0 0
SPDR SP 500 ETF TR TR UNIT 78462F103 78 322 SH   SOLE   322 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 4,596 222,615 SH   SOLE   222,615 0 0