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 140,481 609,963 SH   SOLE   599,163 0 10,800
AON PLC SHS CL A G0408V102 55,480 493,197 SH   SOLE   480,997 0 12,200
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 22,732 186,068 SH   SOLE   186,068 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 178,395 5,399,355 SH   SOLE   5,294,355 0 105,000
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 25,080 894,112 SH   SOLE   875,112 0 19,000
WILLIS TOWERS WATSON PUB LTD SHS G96629103 26,995 203,319 SH   SOLE   196,298 0 7,021
ACI WORLDWIDE INC COM 004498101 2,203 113,696 SH   SOLE   113,696 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 28,615 997,727 SH   SOLE   965,427 0 32,300
ALPHABET INC CAP STK CL C 02079K107 82,555 106,209 SH   SOLE   104,359 0 1,850
ALPHABET INC CAP STK CL A 02079K305 153 190 SH   SOLE   190 0 0
AMAZON COM INC COM 023135106 419 500 SH   SOLE   500 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 1,971 15,000 SH   SOLE   15,000 0 0
APPLE INC COM 037833100 1,349 11,934 SH   SOLE   11,934 0 0
AVON PRODS INC COM 054303102 14,946 2,640,575 SH   SOLE   2,503,575 0 137,000
BERKSHIRE HATHAWAY INC DEL CL A 084670108 92,110 426 SH   SOLE   191 0 235
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 208,585 1,443,797 SH   SOLE   1,408,662 0 35,135
BROWN & BROWN INC COM 115236101 3,017 80,000 SH   SOLE   80,000 0 0
COLFAX CORP COM 194014106 69,230 2,202,667 SH   SOLE   2,154,167 0 48,500
COMCAST CORP NEW CL A 20030N101 21,125 318,440 SH   SOLE   318,440 0 0
COMMERCEHUB INC COM SER A 20084V108 1,523 96,390 SH   SOLE   96,390 0 0
COMMERCEHUB INC COM SER C 20084V306 3,067 192,780 SH   SOLE   192,780 0 0
COMPASS MINERALS INTL INC COM 20451N101 1,179 16,000 SH   SOLE   16,000 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 15,375 132,495 SH   SOLE   132,495 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 57,199 2,174,044 SH   SOLE   2,126,044 0 48,000
EOG RES INC COM 26875P101 8,827 91,270 SH   SOLE   91,270 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 7,736 256,000 SH   SOLE   256,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 70,579 1,000,693 SH   SOLE   980,693 0 20,000
FLIR SYS INC COM 302445101 29,062 924,955 SH   SOLE   887,955 0 37,000
FOSSIL GROUP INC COM 34988V106 22,264 801,746 SH   SOLE   770,746 0 31,000
GUIDEWIRE SOFTWARE INC COM 40171V100 420 7,000 SH   SOLE   7,000 0 0
HALLIBURTON CO COM 406216101 9,088 202,487 SH   SOLE   202,487 0 0
INTELLIGENT SYS CORP NEW COM 45816D100 8,286 2,270,000 SH   SOLE   2,270,000 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 50,039 2,914,327 SH   SOLE   2,836,327 0 78,000
LABORATORY CORP AMER HLDGS COM NEW 50540R409 105,338 766,205 SH   SOLE   752,005 0 14,200
LIBERTY BROADBAND CORP COM SER A 530307107 25,583 364,636 SH   SOLE   364,636 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 175,317 2,452,674 SH   SOLE   2,402,674 0 50,000
LIBERTY INTERACTIVE CORP QVC GP COM SER A 53071M104 89,192 4,457,390 SH   SOLE   4,374,390 0 83,000
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 38,490 965,400 SH   SOLE   965,400 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 14,611 430,000 SH   SOLE   430,000 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 114,151 3,416,684 SH   SOLE   3,349,684 0 67,000
LIBERTY MEDIA CORP DELAWARE COM A BRAVES GRP 531229706 541 31,000 SH   SOLE   31,000 0 0
LIBERTY MEDIA CORP DELAWARE COM C MEDIA GRP 531229854 17,044 605,700 SH   SOLE   605,700 0 0
LIBERTY MEDIA CORP DELAWARE COM A MEDIA GRP 531229870 2,220 77,500 SH   SOLE   77,500 0 0
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 3,836 220,700 SH   SOLE   220,700 0 0
LIONS GATE ENTMNT CORP COM NEW 535919203 9,143 457,400 SH   SOLE   457,400 0 0
MASTERCARD INCORPORATED CL A 57636Q104 81,115 797,039 SH   SOLE   788,039 0 9,000
MCKESSON CORP COM 58155Q103 9,685 58,080 SH   SOLE   58,080 0 0
MONSANTO CO NEW COM 61166W101 20,676 202,305 SH   SOLE   202,305 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 18,232 239,010 SH   SOLE   239,010 0 0
MURPHY USA INC COM 626755102 10,704 150,000 SH   SOLE   150,000 0 0
NATIONAL CINEMEDIA INC COM 635309107 26,116 1,774,191 SH   SOLE   1,774,191 0 0
OLD DOMINION FGHT LINES INC COM 679580100 925 13,480 SH   SOLE   13,480 0 0
ORACLE CORP COM 68389X105 41,177 1,048,288 SH   SOLE   1,017,288 0 31,000
PIONEER NAT RES CO COM 723787107 28,095 151,333 SH   SOLE   147,033 0 4,300
PRAXAIR INC COM 74005P104 23,877 197,606 SH   SOLE   197,606 0 0
RTW HLDGS INC NOTE 5.625%11/1 749772AB5 16,280 16,000,000 PRN   SOLE   16,000,000 0 0
RANGE RES CORP COM 75281A109 35,973 928,339 SH   SOLE   901,339 0 27,000
REDWOOD TR INC NOTE 4.625% 4/1 758075AB1 33,092 32,825,000 PRN   SOLE   32,825,000 0 0
REDWOOD TR INC COM 758075402 85,490 6,037,413 SH   SOLE   5,921,913 0 115,500
SUMMIT MATLS INC CL A 86614U100 390 21,000 SH   SOLE   21,000 0 0
TEXAS INSTRS INC COM 882508104 52,557 748,885 SH   SOLE   727,285 0 21,600
TRANSDIGM GROUP INC COM 893641100 75,204 260,112 SH   SOLE   256,212 0 3,900
TWENTY FIRST CENTY FOX INC CL A 90130A101 95,588 3,946,645 SH   SOLE   3,865,645 0 81,000
TWENTY FIRST CENTY FOX INC CL B 90130A200 6,355 256,878 SH   SOLE   256,878 0 0
US BANCORP DEL COM NEW 902973304 14 315 SH   SOLE   315 0 0
UNITED PARCEL SERVICE INC CL B 911312106 21,636 197,840 SH   SOLE   197,840 0 0
VISA INC COM CL A 92826C839 430 5,200 SH   SOLE   5,200 0 0
WELLS FARGO & CO NEW COM 949746101 67,329 1,520,533 SH   SOLE   1,490,533 0 30,000
WESCO AIRCRAFT HLDGS INC COM 950814103 35,529 2,645,493 SH   SOLE   2,645,493 0 0
XO GROUP INC COM 983772104 18,108 936,783 SH   SOLE   936,783 0 0
ZOES KITCHEN INC COM 98979J109 491 22,140 SH   SOLE   22,140 0 0