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 4,788 44,702 SH   SOLE   44,702 0 0
ALASKA AIR GROUP INC COM 011659109 5,060 90,159 SH   SOLE   90,159 0 0
AMERICAN EXPRESS CO COM 025816109 18,370 168,067 SH   SOLE   168,067 0 0
AMERISOURCEBERGEN CO COM 03073E105 4,161 52,332 SH   SOLE   52,332 0 0
APPLE INC COM 037833100 5,905 31,088 SH   SOLE   31,088 0 0
AUTONATION INC COM 05329W102 3,918 109,676 SH   SOLE   109,676 0 0
BED BATH & BEYOND INC COM 075896100 638 37,544 SH   SOLE   37,544 0 0
BERKSHIRE HATHAWAY CLASS A CL A 084670108 15,964 53 SH   SOLE   53 0 0
BERKSHIRE HATHAWAY CLASS B CL B 084670702 16,110 80,194 SH   SOLE   80,194 0 0
CITIGROUP INC COM 172967424 6,806 109,389 SH   SOLE   109,389 0 0
COLONY CAPITAL INC COM 19626G108 1,216 228,581 SH   SOLE   228,581 0 0
COMCAST CORP CLASS A CL A 20030N101 7,937 198,515 SH   SOLE   198,515 0 0
D R HORTON CO COM 23331A109 6,425 155,275 SH   SOLE   155,275 0 0
DISCOVERY INC CLASS C CL C 25470F302 6,820 268,279 SH   SOLE   268,279 0 0
GENERAL MOTORS CO COM 37045V100 12,012 323,769 SH   SOLE   323,769 0 0
IBM CORP COM 459200101 7,955 56,376 SH   SOLE   56,376 0 0
J P MORGAN CHASE & CO COM 46625H100 13,433 132,693 SH   SOLE   132,693 0 0
LIBERTY BROADBAND CO CL C 530307305 10,642 116,005 SH   SOLE   116,005 0 0
LIBERTY GLOBAL INC CLASS C CL C G5480U120 9,169 378,733 SH   SOLE   378,733 0 0
LIBERTY MEDIA CORP SERIES C LIBERTY SIRIUS XM CL C 531229607 5,268 137,774 SH   SOLE   137,774 0 0
MCKESSON CORP COM 58155Q103 4,149 35,442 SH   SOLE   35,442 0 0
MOLSON COORS BREWING CLASS B CL B 60871R209 5,331 89,365 SH   SOLE   89,365 0 0
PULTEGROUP INC COM 745867101 5,972 213,596 SH   SOLE   213,596 0 0
REALOGY HOLDINGS CO COM 75605Y106 3,173 278,332 SH   SOLE   278,332 0 0
SOUTHWEST AIRLINES COM 844741108 5,790 111,541 SH   SOLE   111,541 0 0
SPDR S&P 500 ETF COM 78462F103 90 319 SH   SOLE   319 0 0
TORCHMARK CORP COM 891027104 6,211 75,792 SH   SOLE   75,792 0 0
US BANCORP COM 902973304 8,099 168,061 SH   SOLE   168,061 0 0
WELLS FARGO & CO COM 949746101 7,297 151,022 SH   SOLE   151,022 0 0