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 50,993 187,607 SH   SOLE   183,957 0 3,650
AON PLC SHS CL A G0408V102 58,617 661,513 SH   SOLE   647,173 0 14,340
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 22,639 230,400 SH   SOLE   230,400 0 0
ENDO INTL PLC SHS G30401106 67,373 972,478 SH   SOLE   961,378 0 11,100
LIBERTY GLOBAL PLC SHS CL C G5480U120 216,557 5,279,304 SH   SOLE   5,204,804 0 74,500
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 9,997 291,980 SH   SOLE   291,980 0 0
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 28,504 695,725 SH   SOLE   677,125 0 18,600
CORE LABORATORIES N V COM N22717107 22,874 229,200 SH   SOLE   229,200 0 0
THE ADT CORPORATION COM 00101J106 42,716 1,428,624 SH   SOLE   1,405,789 0 22,835
ACI WORLDWIDE INC COM 004498101 7,751 367,000 SH   SOLE   367,000 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 32,154 1,204,728 SH   SOLE   1,172,428 0 32,300
ANGIES LIST INC COM 034754101 17,280 3,428,562 SH   SOLE   3,428,562 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 1,595 15,000 SH   SOLE   15,000 0 0
AVON PRODS INC COM 054303102 26,700 8,215,308 SH   SOLE   8,040,308 0 175,000
BERKSHIRE HATHAWAY INC DEL CL A 084670108 101,525 520 SH   SOLE   270 0 250
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 206,209 1,581,357 SH   SOLE   1,546,819 0 34,538
BROWN & BROWN INC COM 115236101 34,585 1,116,728 SH   SOLE   1,089,228 0 27,500
COLUMBIA PIPELINE GROUP INC COM 198280109 183 10,000 SH   SOLE   10,000 0 0
COMCAST CORP NEW CL A SPL 20030N200 372 6,500 SH   SOLE   6,500 0 0
CUMULUS MEDIA INC CL A 231082108 2,731 3,880,000 SH   SOLE   3,880,000 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 14,195 131,695 SH   SOLE   131,695 0 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 74,836 2,875,000 SH   SOLE   2,875,000 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 16,243 668,721 SH   SOLE   620,721 0 48,000
EOG RES INC COM 26875P101 20,875 286,740 SH   SOLE   286,740 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 23,290 855,000 SH   SOLE   855,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 86,311 1,066,089 SH   SOLE   1,047,289 0 18,800
FLIR SYS INC COM 302445101 28,849 1,030,681 SH   SOLE   993,681 0 37,000
FOSSIL GROUP INC COM 34988V106 64,695 1,157,741 SH   SOLE   1,132,741 0 25,000
GOOGLE INC CL A 38259P508 31,006 48,570 SH   SOLE   48,570 0 0
GOOGLE INC CL C 38259P706 78,220 128,562 SH   SOLE   125,647 0 2,915
HALLIBURTON CO COM 406216101 10,320 291,930 SH   SOLE   291,930 0 0
ICONIX BRAND GROUP INC COM 451055107 42,412 3,137,002 SH   SOLE   3,081,602 0 55,400
INTELLIGENT SYS CORP NEW COM 45816D100 6,402 2,270,000 SH   SOLE   2,270,000 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 55,196 3,006,342 SH   SOLE   2,945,742 0 60,600
LABORATORY CORP AMER HLDGS COM NEW 50540R409 79,805 735,729 SH   SOLE   722,829 0 12,900
LIBERTY BROADBAND CORP COM SER A 530307107 20,829 404,917 SH   SOLE   404,917 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 85,796 1,676,680 SH   SOLE   1,646,333 0 30,347
LIBERTY INTERACTIVE CORP QVC GP COM SER A 53071M104 120,205 4,582,735 SH   SOLE   4,507,735 0 75,000
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 37,064 918,556 SH   SOLE   918,556 0 0
LIBERTY MEDIA CORP DELAWARE CL A 531229102 39,347 1,101,533 SH   SOLE   1,101,533 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C 531229300 163,172 4,735,123 SH   SOLE   4,649,623 0 85,500
LIVE NATION ENTERTAINMENT IN COM 538034109 13,474 560,500 SH   SOLE   560,500 0 0
MRC GLOBAL INC COM 55345K103 704 63,110 SH   SOLE   63,110 0 0
MASTERCARD INC CL A 57636Q104 33,302 369,530 SH   SOLE   369,530 0 0
MICROSOFT CORP COM 594918104 1,328 30,000 SH   SOLE   30,000 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 148 15,200 SH   SOLE   15,200 0 0
MONSANTO CO NEW COM 61166W101 34,290 401,800 SH   SOLE   401,800 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 74,727 1,092,813 SH   SOLE   1,066,213 0 26,600
MURPHY USA INC COM 626755102 8,517 155,000 SH   SOLE   155,000 0 0
NATIONAL CINEMEDIA INC COM 635309107 36,468 2,717,430 SH   SOLE   2,717,430 0 0
OMNICOM GROUP INC COM 681919106 19,100 289,826 SH   SOLE   289,826 0 0
ORACLE CORP COM 68389X105 51,358 1,421,882 SH   SOLE   1,389,682 0 32,200
PIONEER NAT RES CO COM 723787107 54,858 450,988 SH   SOLE   443,578 0 7,410
POST HLDGS INC COM 737446104 313 5,300 SH   SOLE   5,300 0 0
PRAXAIR INC COM 74005P104 21,731 213,340 SH   SOLE   213,340 0 0
PRECISION CASTPARTS CORP COM 740189105 101,202 440,563 SH   SOLE   432,763 0 7,800
RANGE RES CORP COM 75281A109 87,859 2,735,346 SH   SOLE   2,693,046 0 42,300
REDWOOD TR INC NOTE 4.625% 4/1 758075AB1 31,656 32,825,000 PRN   SOLE   32,825,000 0 0
REDWOOD TR INC COM 758075402 84,113 6,077,504 SH   SOLE   5,974,504 0 103,000
TEXAS INSTRS INC COM 882508104 50,616 1,022,126 SH   SOLE   997,126 0 25,000
TRANSDIGM GROUP INC COM 893641100 102,033 480,357 SH   SOLE   476,457 0 3,900
TWENTY FIRST CENTY FOX INC CL A 90130A101 43,200 1,601,200 SH   SOLE   1,601,200 0 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 59,419 2,195,011 SH   SOLE   2,129,696 0 65,315
UNITED PARCEL SERVICE INC CL B 911312106 22,812 231,150 SH   SOLE   231,150 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 112,407 630,155 SH   SOLE   620,855 0 9,300
WELLS FARGO & CO NEW COM 949746101 61,865 1,204,763 SH   SOLE   1,185,763 0 19,000
WESCO AIRCRAFT HLDGS INC COM 950814103 42,041 3,446,000 SH   SOLE   3,446,000 0 0
XO GROUP INC COM 983772104 26,554 1,879,286 SH   SOLE   1,879,286 0 0