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 4,142 44,957 SH   SOLE   44,957 0 0
ALASKA AIR GROUP INC COM 011659109 5,806 90,839 SH   SOLE   90,839 0 0
AMERICAN EXPRESS CO COM 025816109 20,867 169,044 SH   SOLE   169,044 0 0
AMERISOURCEBERGEN CO COM 03073E105 4,487 52,630 SH   SOLE   52,630 0 0
APPLE INC COM 037833100 6,207 31,360 SH   SOLE   31,360 0 0
AUTONATION INC COM 05329W102 4,635 110,513 SH   SOLE   110,513 0 0
BED BATH & BEYOND COM 075896100 436 37,544 SH   SOLE   37,544 0 0
BERKSHIRE HATHAWAY CLASS A CL A 084670108 16,873 53 SH   SOLE   53 0 0
BERKSHIRE HATHAWAY CLASS B CL B 084670702 17,116 80,291 SH   SOLE   80,291 0 0
CITIGROUP INC COM 172967424 7,710 110,095 SH   SOLE   110,095 0 0
COLONY CAPITAL INC NEW COM 19626G108 1,143 228,581 SH   SOLE   228,581 0 0
COMCAST CORP CLASS A CL A 20030N101 8,469 200,319 SH   SOLE   200,319 0 0
D R HORTON CO COM 23331A109 6,741 156,286 SH   SOLE   156,286 0 0
DISCOVERY INC CLASS C CL C 25470F302 7,690 270,289 SH   SOLE   270,289 0 0
GENERAL MOTORS CO COM 37045V100 12,567 326,156 SH   SOLE   326,156 0 0
J P MORGAN CHASE & CO COM 46625H100 15,535 138,957 SH   SOLE   138,957 0 0
KRAFT HEINZ CO COM 500754106 2,209 71,173 SH   SOLE   71,173 0 0
LIBERTY BROADBAND CO CLASS C CL C 530307305 12,181 116,877 SH   SOLE   116,877 0 0
LIBERTY GLOBAL INC F CLASS C CL C G5480U120 10,697 403,197 SH   SOLE   403,197 0 0
LIBERTY MEDIA CORP SERIES C LIBERTY SIRIUS XM CL C 531229607 5,280 139,015 SH   SOLE   139,015 0 0
MCKESSON CORP COM 58155Q103 4,785 35,603 SH   SOLE   35,603 0 0
MOLSON COORS BREWING CLASS B CL B 60871R209 5,045 90,087 SH   SOLE   90,087 0 0
PULTEGROUP INC COM 745867101 6,745 213,304 SH   SOLE   213,304 0 0
REALOGY HOLDINGS CO COM 75605Y106 2,025 279,762 SH   SOLE   279,762 0 0
SOUTHWEST AIRLINES COM 844741108 5,703 112,304 SH   SOLE   112,304 0 0
TORCHMARK CORP COM 891027104 6,825 76,287 SH   SOLE   76,287 0 0
U S BANCORP COM 902973304 8,863 169,143 SH   SOLE   169,143 0 0
WELLS FARGO BK N A COM 949746101 7,081 149,639 SH   SOLE   149,639 0 0