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
ALLERGAN PLC SHS G0177J108 137,721 595,961 SH   SOLE   586,061 0 9,900
AON PLC SHS CL A G0408V102 61,155 559,878 SH   SOLE   545,538 0 14,340
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 21,069 185,973 SH   SOLE   185,973 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 152,968 5,339,190 SH   SOLE   5,252,690 0 86,500
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 31,172 959,426 SH   SOLE   948,634 0 10,792
WILLIS TOWERS WATSON PUB LTD SHS G96629103 29,215 235,014 SH   SOLE   227,993 0 7,021
ACI WORLDWIDE INC COM 004498101 1,808 92,696 SH   SOLE   92,696 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 31,647 1,121,047 SH   SOLE   1,088,747 0 32,300
ALPHABET INC CAP STK CL C 02079K107 74,505 107,650 SH   SOLE   105,800 0 1,850
ALPHABET INC CAP STK CL A 02079K305 134 190 SH   SOLE   190 0 0
AMAZON COM INC COM 023135106 358 500 SH   SOLE   500 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 1,975 15,000 SH   SOLE   15,000 0 0
APPLE INC COM 037833100 1,401 14,653 SH   SOLE   14,653 0 0
AVON PRODS INC COM 054303102 19,427 5,139,435 SH   SOLE   4,983,435 0 156,000
BERKSHIRE HATHAWAY INC DEL CL A 084670108 106,752 492 SH   SOLE   245 0 247
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 213,796 1,476,591 SH   SOLE   1,451,723 0 24,868
BROWN & BROWN INC COM 115236101 5,621 150,000 SH   SOLE   150,000 0 0
COLFAX CORP COM 194014106 60,237 2,276,544 SH   SOLE   2,228,044 0 48,500
COMCAST CORP NEW CL A 20030N101 20,691 317,400 SH   SOLE   317,400 0 0
COMPASS MINERALS INTL INC COM 20451N101 1,187 16,000 SH   SOLE   16,000 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 14,941 132,365 SH   SOLE   132,365 0 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 38,205 1,514,280 SH   SOLE   1,514,280 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 19,031 797,949 SH   SOLE   749,949 0 48,000
EOG RES INC COM 26875P101 13,937 167,070 SH   SOLE   167,070 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 17,128 588,000 SH   SOLE   588,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 79,345 1,046,771 SH   SOLE   1,026,371 0 20,400
FLIR SYS INC COM 302445101 29,524 953,930 SH   SOLE   916,930 0 37,000
FOSSIL GROUP INC COM 34988V106 25,443 891,784 SH   SOLE   860,784 0 31,000
GUIDEWIRE SOFTWARE INC COM 40171V100 432 7,000 SH   SOLE   7,000 0 0
HALLIBURTON CO COM 406216101 9,171 202,487 SH   SOLE   202,487 0 0
INTELLIGENT SYS CORP NEW COM 45816D100 8,444 2,270,000 SH   SOLE   2,270,000 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 61,410 3,862,294 SH   SOLE   3,773,794 0 88,500
LABORATORY CORP AMER HLDGS COM NEW 50540R409 104,927 805,459 SH   SOLE   791,759 0 13,700
LIBERTY BROADBAND CORP COM SER A 530307107 21,894 368,588 SH   SOLE   368,588 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 140,433 2,340,547 SH   SOLE   2,298,547 0 42,000
LIBERTY INTERACTIVE CORP QVC GP COM SER A 53071M104 108,687 4,284,075 SH   SOLE   4,206,075 0 78,000
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 35,732 963,900 SH   SOLE   963,900 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 18,902 602,747 SH   SOLE   602,747 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 131,783 4,268,970 SH   SOLE   4,190,970 0 78,000
LIBERTY MEDIA CORP DELAWARE COM A BRAVES GRP 531229706 466 31,000 SH   SOLE   31,000 0 0
LIBERTY MEDIA CORP DELAWARE COM C MEDIA GRP 531229854 19,468 1,026,274 SH   SOLE   1,006,774 0 19,500
LIBERTY MEDIA CORP DELAWARE COM A MEDIA GRP 531229870 2,859 149,350 SH   SOLE   149,350 0 0
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 3,235 220,700 SH   SOLE   220,700 0 0
LIONS GATE ENTMNT CORP COM NEW 535919203 6,682 330,300 SH   SOLE   330,300 0 0
MASTERCARD INC CL A 57636Q104 64,113 728,064 SH   SOLE   720,764 0 7,300
MCKESSON CORP COM 58155Q103 10,765 57,675 SH   SOLE   57,675 0 0
MONSANTO CO NEW COM 61166W101 20,908 202,190 SH   SOLE   202,190 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 46,199 700,305 SH   SOLE   685,805 0 14,500
MURPHY USA INC COM 626755102 12,978 175,000 SH   SOLE   175,000 0 0
NATIONAL CINEMEDIA INC COM 635309107 35,402 2,286,953 SH   SOLE   2,286,953 0 0
OLD DOMINION FGHT LINES INC COM 679580100 928 15,379 SH   SOLE   15,379 0 0
ORACLE CORP COM 68389X105 17,336 423,558 SH   SOLE   392,558 0 31,000
PIONEER NAT RES CO COM 723787107 27,397 181,188 SH   SOLE   176,888 0 4,300
PRAXAIR INC COM 74005P104 21,818 194,126 SH   SOLE   194,126 0 0
RTW HLDGS INC NOTE 5.625%11/1 749772AB5 15,740 16,000,000 PRN   SOLE   16,000,000 0 0
RANGE RES CORP COM 75281A109 45,132 1,046,166 SH   SOLE   1,019,166 0 27,000
REDWOOD TR INC NOTE 4.625% 4/1 758075AB1 32,599 32,825,000 PRN   SOLE   32,825,000 0 0
REDWOOD TR INC COM 758075402 92,804 6,720,062 SH   SOLE   6,596,062 0 124,000
SUMMIT MATLS INC CL A 86614U100 430 21,000 SH   SOLE   21,000 0 0
TEXAS INSTRS INC COM 882508104 52,278 834,438 SH   SOLE   809,938 0 24,500
TRANSDIGM GROUP INC COM 893641100 75,619 286,773 SH   SOLE   282,873 0 3,900
TWENTY FIRST CENTY FOX INC CL A 90130A101 103,659 3,832,140 SH   SOLE   3,832,140 0 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 10,020 367,723 SH   SOLE   292,223 0 75,500
US BANCORP DEL COM NEW 902973304 8 210 SH   SOLE   210 0 0
UNITED PARCEL SERVICE INC CL B 911312106 22,604 209,840 SH   SOLE   209,840 0 0
WELLS FARGO & CO NEW COM 949746101 60,242 1,272,799 SH   SOLE   1,251,799 0 21,000
WESCO AIRCRAFT HLDGS INC COM 950814103 38,549 2,872,486 SH   SOLE   2,872,486 0 0
XO GROUP INC COM 983772104 19,262 1,105,098 SH   SOLE   1,105,098 0 0