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
AFFILIATED MANAGERS COM 008252108 2,286 23,464 SH   SOLE   23,464 0 0
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
AMERISOURCEBERGEN CO COM 03073E105 3,852 51,769 SH   SOLE   51,769 0 0
APPLE INC COM 037833100 4,452 28,225 SH   SOLE   28,225 0 0
AUTONATION INC COM 05329W102 3,836 107,455 SH   SOLE   107,455 0 0
BED BATH & BEYOND INC COM 075896100 431 38,094 SH   SOLE   38,094 0 0
BERKSHIRE HATHAWAY CLASS A CL A 084670108 16,218 53 SH   SOLE   53 0 0
BERKSHIRE HATHAWAY CLASS B CL B 084670702 16,148 79,088 SH   SOLE   79,088 0 0
CITIGROUP INC COM 172967424 5,636 108,269 SH   SOLE   108,269 0 0
COLONY CAPITAL INC COM 19626G108 1,070 228,581 SH   SOLE   228,581 0 0
COMCAST CORP CLASS A CL A 20030N101 6,646 195,180 SH   SOLE   195,180 0 0
D R HORTON CO COM 23331A109 5,318 153,445 SH   SOLE   153,445 0 0
DISCOVERY INC CLASS C CL C 25470F302 6,105 264,513 SH   SOLE   264,513 0 0
GENERAL MOTORS CO COM 37045V100 10,719 320,461 SH   SOLE   320,461 0 0
IBM CORP COM 459200101 6,374 56,073 SH   SOLE   56,073 0 0
J P MORGAN CHASE & CO COM 46625H100 10,471 107,262 SH   SOLE   107,262 0 0
LIBERTY BROADBAND CO CL C 530307305 8,247 114,489 SH   SOLE   114,489 0 0
LIBERTY GLOBAL INC CLASS C CL C G5480U120 4,595 222,615 SH   SOLE   222,615 0 0
LIBERTY LATIN AMER CL C G9001E128 342 23,450 SH   SOLE   23,450 0 0
LIBERTY MEDIA CORP SERIES C LIBERTY SIRIUS XM CL C 531229607 5,012 135,520 SH   SOLE   135,520 0 0
MCKESSON CORP COM 58155Q103 1,899 17,194 SH   SOLE   17,194 0 0
MOLSON COORS BREWING CLASS B CL B 60871R209 4,955 88,233 SH   SOLE   88,233 0 0
PULTEGROUP INC COM 745867101 5,471 210,515 SH   SOLE   210,515 0 0
REALOGY HOLDINGS CO COM 75605Y106 2,066 140,742 SH   SOLE   140,742 0 0
SOUTHWEST AIRLINES COM 844741108 5,109 109,921 SH   SOLE   109,921 0 0
SPDR S&P 500 ETF COM 78462F103 80 322 SH   SOLE   322 0 0
TORCHMARK CORP COM 891027104 5,578 74,849 SH   SOLE   74,849 0 0
UNION PACIFIC CORP COM 907818108 5,623 40,680 SH   SOLE   40,680 0 0
US BANCORP COM 902973304 7,588 166,049 SH   SOLE   166,049 0 0
WELLS FARGO & CO COM 949746101 6,984 151,562 SH   SOLE   151,562 0 0