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
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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
U S Bancorp COM 902973304 5,552 118,097 SH   SOLE   118,097 0 0
Viasat Inc COM 92552V100 4,689 143,620 SH   SOLE   143,620 0 0
Affiliated Managers COM 008252108 4,122 40,528 SH   SOLE   40,528 0 0
Alaska Air Group Inc COM 011659109 3,414 65,646 SH   SOLE   65,646 0 0
American Express Co COM 025816109 13,639 112,804 SH   SOLE   112,804 0 0
Bank Of NY Mellon Co COM 064058100 3,752 88,407 SH   SOLE   88,407 0 0
Berkshire Hathaway Class A CL A 084670108 18,434 53 SH   SOLE   53 0 0
Berkshire Hathaway Class B CL B 084670702 10,895 46,988 SH   SOLE   46,988 0 0
Charles Schwab Corp COM 808513105 8,292 156,340 SH   SOLE   156,340 0 0
Colony Capital Inc New COM 19626G108 844 175,495 SH   SOLE   175,495 0 0
Conocophillips COM 20825C104 5,011 125,314 SH   SOLE   125,314 0 0
Discovery Inc Class C CL C 25470F302 13,862 529,290 SH   SOLE   529,290 0 0
Fox Corp Class A CL A 35137L105 3,745 128,621 SH   SOLE   128,621 0 0
General Motors Co COM 37045V100 9,856 236,687 SH   SOLE   236,687 0 0
Globe Life Inc COM 37959E102 4,527 47,669 SH   SOLE   47,669 0 0
Hollyfrontier Corp COM 436106108 2,414 93,370 SH   SOLE   93,370 0 0
JPMorgan Chase & Co COM 46625H100 13,565 106,754 SH   SOLE   106,754 0 0
Kraft Heinz Co COM 500754106 4,855 140,077 SH   SOLE   140,077 0 0
Liberty Broadband Co Class A CL A 530307107 7,368 46,760 SH   SOLE   46,760 0 0
Liberty Broadband Co Class C CL C 530307305 554 3,495 SH   SOLE   3,495 0 0
Liberty Global Inc F Class C CL C G5480U120 16,809 710,749 SH   SOLE   710,749 0 0
Liberty Media Corp Series C Liberty Sirius CL C 531229607 10,084 231,753 SH   SOLE   231,753 0 0
Molson Coors Beverage CL Class B CL B 60871R209 3,847 85,121 SH   SOLE   85,121 0 0
Phillips 66 COM 718546104 4,810 68,769 SH   SOLE   68,769 0 0
PNC Finl Services COM 693475105 5,241 35,176 SH   SOLE   35,176 0 0