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 3,301 55,809 SH   SOLE   55,809 0 0
ALASKA AIR GROUP INC COM 011659109 2,622 92,082 SH   SOLE   92,082 0 0
AMERICAN EXPRESS CO COM 025816109 14,639 170,997 SH   SOLE   170,997 0 0
BED BATH & BEYOND COM 075896100 158 37,544 SH   SOLE   37,544 0 0
BERKSHIRE HATHAWAY CLASS A CL A 084670108 14,416 53 SH   SOLE   53 0 0
BERKSHIRE HATHAWAY CLASS B CL B 084670702 16,198 88,597 SH   SOLE   88,597 0 0
BOEING CO COM 097023105 3,387 22,711 SH   SOLE   22,711 0 0
HOLLYFRONTIER CORP COM 436106108 3,166 129,174 SH   SOLE   129,174 0 0
KRAFT HEINZ CO COM 500754106 4,810 194,416 SH   SOLE   194,416 0 0
LIBERTY BROADBAND CO CLASS A CL A 530307107 5,260 49,163 SH   SOLE   49,163 0 0
LIBERTY BROADBAND CO CLASS C CL C 530307305 2,729 24,646 SH   SOLE   24,646 0 0
LIBERTY MEDIA CORP SERIES C LIBERTY SIRIUS XM CL C 531229607 4,472 141,438 SH   SOLE   141,438 0 0
PHILLIPS 66 COM 718546104 5,661 105,509 SH   SOLE   105,509 0 0
SOUTHWEST AIRLINES COM 844741108 4,055 113,861 SH   SOLE   113,861 0 0
U S BANCORP COM 902973304 6,425 186,500 SH   SOLE   186,500 0 0
WELLS FARGO BK N A COM 949746101 6,237 217,308 SH   SOLE   217,308 0 0
GLOBE LIFE INC COM 37959E102 4,759 66,124 SH   SOLE   66,124 0 0
AUTONATION INC COM 05329W102 3,099 110,444 SH   SOLE   110,444 0 0
CAPITAL ONE FC COM 14040H105 4,303 85,344 SH   SOLE   85,344 0 0
COLONY CAPITAL INC NEW COM 19626G108 400 228,581 SH   SOLE   228,581 0 0
CONOCOPHILLIPS COM 20825C104 5,445 176,779 SH   SOLE   176,779 0 0
D R HORTON CO COM 23331A109 5,386 158,401 SH   SOLE   158,401 0 0
DISCOVERY INC CLASS C CL C 25470F302 10,139 578,063 SH   SOLE   578,063 0 0
FOX CORP CLASS A CL A 35137L105 4,225 178,783 SH   SOLE   178,783 0 0
GENERAL MOTORS CO COM 37045V100 6,880 331,085 SH   SOLE   331,085 0 0
J P MORGAN CHASE & CO COM 46625H100 13,193 146,544 SH   SOLE   146,544 0 0
MOLSON COORS BEVERAGE CL CLASS B CL B 60871R209 3,572 91,572 SH   SOLE   91,572 0 0
REALOGY HOLDINGS CO COM 75605Y106 851 282,650 SH   SOLE   282,650 0 0
LIBERTY GLOBAL INC F CLASS C CL C G5480U120 10,807 687,934 SH   SOLE   687,934 0 0