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 Group Com 008252108 46,715 227,600 SH   SOLE N/A 205,062 0 22,538
American Tower Corp New Com 03027X100 42,530 298,104 SH   SOLE N/A 269,867 0 28,237
AmerisourceBergen Corp Com 03073E105 11,818 128,712 SH   SOLE N/A 118,290 0 10,422
Ares Cap Corp Com 04010L103 35,843 2,280,117 SH   SOLE N/A 2,062,613 0 217,504
AutoNation Inc. Com 05329W102 19,339 376,760 SH   SOLE N/A 338,210 0 38,550
Berkshire Hathaway Inc Del Cl B New 084670702 32,955 166,253 SH   SOLE N/A 151,424 0 14,829
Brookfield Asset Mgmt Inc Cl A Ltd Vt Sh 112585104 52,088 1,196,333 SH   SOLE N/A 1,082,299 0 114,034
CenturyLink Inc Com 156700106 9,149 548,488 SH   SOLE N/A 492,358 0 56,130
Discover Finl Svcs Com 254709108 33,005 429,085 SH   SOLE N/A 388,321 0 40,764
Discovery Communicatns New Com Ser C 25470F302 15,854 748,913 SH   SOLE N/A 674,397 0 74,516
Express Scripts Hldg Co Com 30219G108 25,486 341,456 SH   SOLE N/A 307,790 0 33,666
Hanesbrands Inc Com 410345102 14,071 672,944 SH   SOLE N/A 610,803 0 62,141
Kinder Morgan Inc Del Com 49456B101 21,561 1,193,171 SH   SOLE N/A 1,083,060 0 110,111
LKQ Corp Com 501889208 13,520 332,438 SH   SOLE N/A 298,556 0 33,882
Oaktree Specialty Lending Co Com 67401P108 2,974 608,210 SH   SOLE N/A 579,200 0 29,010
Penske Automotive Grp Inc Com 70959W103 13,258 277,066 SH   SOLE N/A 251,138 0 25,928
Price T Rowe Group Inc Com 74144T108 3,877 36,945 SH   SOLE N/A 34,664 0 2,281
Qualcomm Inc Com 747525103 24,521 383,020 SH   SOLE N/A 346,926 0 36,094
Radian Group Inc Com 750236101 48,226 2,339,939 SH   SOLE N/A 2,111,939 0 228,000
Range Res Corp Com 75281A109 8,752 513,034 SH   SOLE N/A 464,272 0 48,762
Ryman Hospitality Pptys Inc Com 78377T107 38,015 550,782 SH   SOLE N/A 498,422 0 52,360
Simon Ppty Group Inc New Com 828806109 12,710 74,008 SH   SOLE N/A 68,050 0 5,958
Taiwan Semiconductor Mfg Ltd Sponsored ADR 874039100 33,661 848,961 SH   SOLE N/A 763,177 0 85,784
U S Silica Hldgs Inc Com 90346E103 13,539 415,829 SH   SOLE N/A 374,621 0 41,208
Ventas Inc Com 92276F100 18,898 314,911 SH   SOLE N/A 287,870 0 27,041