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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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
AON PLC SHS CL A G0408V102 63,934 665,145 SH   SOLE   650,805 0 14,340
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 21,586 230,400 SH   SOLE   230,400 0 0
ENDO INTL PLC SHS G30401106 67,053 747,530 SH   SOLE   747,530 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 253,599 5,091,325 SH   SOLE   5,020,325 0 71,000
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 31,943 662,985 SH   SOLE   644,385 0 18,600
CORE LABORATORIES N V COM N22717107 34,398 329,200 SH   SOLE   329,200 0 0
THE ADT CORPORATION COM 00101J106 64,417 1,551,470 SH   SOLE   1,531,470 0 20,000
ACI WORLDWIDE INC COM 004498101 16,137 745,000 SH   SOLE   745,000 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 27,039 846,541 SH   SOLE   821,041 0 25,500
ANGIES LIST INC COM 034754101 22,914 3,903,562 SH   SOLE   3,903,562 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 1,585 13,000 SH   SOLE   13,000 0 0
ASCENT CAP GROUP INC COM SER A 043632108 5,573 140,000 SH   SOLE   140,000 0 0
AVON PRODS INC COM 054303102 55,095 6,895,500 SH   SOLE   6,780,500 0 115,000
BERKSHIRE HATHAWAY INC DEL CL A 084670108 113,753 523 SH   SOLE   69 0 454
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 209,182 1,449,433 SH   SOLE   1,397,942 0 51,491
BROWN & BROWN INC COM 115236101 35,734 1,079,259 SH   SOLE   1,058,559 0 20,700
CATAMARAN CORP COM 148887102 70,131 1,177,876 SH   SOLE   1,156,476 0 21,400
COMCAST CORP NEW CL A SPL 20030N200 364 6,500 SH   SOLE   6,500 0 0
CUMULUS MEDIA INC CL A 231082108 8,777 3,553,400 SH   SOLE   3,553,400 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 14,550 131,595 SH   SOLE   131,595 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 95,619 3,244,064 SH   SOLE   3,196,064 0 48,000
EXPRESS SCRIPTS HLDG CO COM 30219G108 124,055 1,429,702 SH   SOLE   1,401,602 0 28,100
FLIR SYS INC COM 302445101 29,513 943,515 SH   SOLE   910,015 0 33,500
FIDELITY NATL INFORMATION SV COM 31620M106 40,017 587,966 SH   SOLE   573,766 0 14,200
GOOGLE INC CL A 38259P508 29,760 53,650 SH   SOLE   53,650 0 0
GOOGLE INC CL C 38259P706 58,170 106,150 SH   SOLE   103,450 0 2,700
ICONIX BRAND GROUP INC COM 451055107 80,631 2,394,755 SH   SOLE   2,348,755 0 46,000
INTELLIGENT SYS CORP NEW COM 45816D100 6,538 2,270,000 SH   SOLE   2,270,000 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 68,906 2,629,001 SH   SOLE   2,582,001 0 47,000
LABORATORY CORP AMER HLDGS COM NEW 50540R409 94,096 746,258 SH   SOLE   733,358 0 12,900
LIBERTY BROADBAND CORP COM SER A 530307107 19,944 353,113 SH   SOLE   353,113 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 88,573 1,564,892 SH   SOLE   1,535,455 0 29,437
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 148,606 5,090,990 SH   SOLE   5,021,990 0 69,000
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 36,795 875,856 SH   SOLE   875,856 0 0
LIBERTY MEDIA CORP DELAWARE CL A 531229102 42,539 1,103,472 SH   SOLE   1,103,472 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C 531229300 153,360 4,014,666 SH   SOLE   3,934,666 0 80,000
LIVE NATION ENTERTAINMENT IN COM 538034109 48,419 1,919,085 SH   SOLE   1,895,585 0 23,500
MRC GLOBAL INC COM 55345K103 772 65,110 SH   SOLE   65,110 0 0
MARTIN MARIETTA MATLS INC COM 573284106 108,082 773,116 SH   SOLE   761,916 0 11,200
MASTERCARD INC CL A 57636Q104 26,333 304,820 SH   SOLE   304,820 0 0
MICROSOFT CORP COM 594918104 1,626 40,000 SH   SOLE   40,000 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 76 6,800 SH   SOLE   6,800 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 55,184 827,724 SH   SOLE   804,724 0 23,000
NATIONAL CINEMEDIA INC COM 635309107 43,664 2,891,631 SH   SOLE   2,891,631 0 0
OMNICOM GROUP INC COM 681919106 22,180 284,430 SH   SOLE   284,430 0 0
ORACLE CORP COM 68389X105 58,241 1,349,737 SH   SOLE   1,319,337 0 30,400
PIONEER NAT RES CO COM 723787107 86,221 527,311 SH   SOLE   520,111 0 7,200
POST HLDGS INC COM 737446104 6,792 145,000 SH   SOLE   145,000 0 0
PRAXAIR INC COM 74005P104 15,182 125,745 SH   SOLE   125,745 0 0
PRECISION CASTPARTS CORP COM 740189105 79,349 377,852 SH   SOLE   372,052 0 5,800
PRESTIGE BRANDS HLDGS INC COM 74112D101 6,862 160,000 SH   SOLE   160,000 0 0
RANGE RES CORP COM 75281A109 111,164 2,136,130 SH   SOLE   2,098,330 0 37,800
REDWOOD TR INC NOTE 4.625% 4/1 758075AB1 32,640 32,825,000 SH   SOLE   32,825,000 0 0
REDWOOD TR INC COM 758075402 98,793 5,528,454 SH   SOLE   5,431,454 0 97,000
TEXAS INSTRS INC COM 882508104 55,111 963,736 SH   SOLE   940,736 0 23,000
TRANSDIGM GROUP INC COM 893641100 121,082 553,592 SH   SOLE   549,692 0 3,900
TWENTY FIRST CENTY FOX INC CL A 90130A101 49,605 1,465,880 SH   SOLE   1,465,880 0 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 42,226 1,284,233 SH   SOLE   1,227,733 0 56,500
U S SILICA HLDGS INC COM 90346E103 1,068 30,000 SH   SOLE   30,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 22,408 231,150 SH   SOLE   231,150 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 182,186 917,261 SH   SOLE   903,161 0 14,100
WELLS FARGO & CO NEW COM 949746101 100,328 1,844,267 SH   SOLE   1,814,267 0 30,000
WESCO AIRCRAFT HLDGS INC COM 950814103 45,266 2,954,705 SH   SOLE   2,954,705 0 0
WORLD FUEL SVCS CORP COM 981475106 11,496 200,000 SH   SOLE   200,000 0 0
XO GROUP INC COM 983772104 37,390 2,115,990 SH   SOLE   2,115,990 0 0