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 23,169 160,119 SH   SOLE N/A 140,527 0 19,592
American Cap Ltd Com 02503Y103 1,690 99,958 SH   SOLE N/A 76,079 0 23,879
American Tower Corp New Com 03027X100 29,153 257,244 SH   SOLE N/A 228,914 0 28,330
AmerisourceBergen Corp Com 03073E105 9,862 122,084 SH   SOLE N/A 108,979 0 13,105
Ares Cap Corp Com 04010L103 29,093 1,876,983 SH   SOLE N/A 1,668,113 0 208,870
AutoNation Inc. Com 05329W102 12,916 265,160 SH   SOLE N/A 235,362 0 29,798
Berkshire Hathaway Inc Del Cl B New 084670702 25,877 179,117 SH   SOLE N/A 159,807 0 19,310
Brookfield Asset Mgmt Inc Cl A Ltd Vt Sh 112585104 39,809 1,131,568 SH   SOLE N/A 999,877 0 131,691
Care Cap Pptys Inc Com 141624106 2,716 95,309 SH   SOLE N/A 84,818 0 10,491
Discover Finl Svcs Com 254709108 23,270 411,497 SH   SOLE N/A 363,481 0 48,016
Discovery Communicatns New Com Ser C 25470F302 16,621 631,721 SH   SOLE N/A 556,329 0 75,392
Express Scripts Hldg Co Com 30219G108 24,215 343,330 SH   SOLE N/A 302,984 0 40,346
Exxon Mobil Corp Com 30231G102 215 2,458 SH   SOLE N/A 2,292 0 166
Fluor Corp New Com 343412102 17,478 340,576 SH   SOLE N/A 301,174 0 39,402
Harman Intl Inds Inc Com 413086109 17,572 208,072 SH   SOLE N/A 183,070 0 25,002
Kinder Morgan Inc Del Com 49456B101 26,459 1,143,915 SH   SOLE N/A 1,013,301 0 130,614
Kroger Co Com 501044101 16,376 551,750 SH   SOLE N/A 487,818 0 63,932
Level 3 Communications Inc Com New 52729N308 30,789 663,834 SH   SOLE N/A 583,652 0 80,182
Omega Healthcare Invs Inc Com 681936100 493 13,910 SH   SOLE N/A 11,550 0 2,360
Penske Automotive Grp Inc Com 70959W103 7,614 158,042 SH   SOLE N/A 139,094 0 18,948
Price T Rowe Group Inc Com 74144T108 2,860 43,011 SH   SOLE N/A 39,549 0 3,462
Qualcomm Inc Com 747525103 20,551 300,016 SH   SOLE N/A 266,034 0 33,982
Radian Group Inc Com 750236101 32,313 2,384,695 SH   SOLE N/A 2,105,115 0 279,580
Reliance Steel & Aluminum Co Com 759509102 204 2,836 SH   SOLE N/A 2,764 0 72
Ryman Hospitality Pptys Inc Com 78377T107 23,699 492,084 SH   SOLE N/A 434,997 0 57,087
Taiwan Semiconductor Mfg Ltd Sponsored ADR 874039100 28,753 939,936 SH   SOLE N/A 832,642 0 107,294
U S Silica Hldgs Inc Com 90346E103 19,223 412,861 SH   SOLE N/A 362,613 0 50,248
Ventas Inc Com 92276F100 18,849 266,863 SH   SOLE N/A 237,333 0 29,530
Wells Fargo & Co New Com 949746101 16,076 363,061 SH   SOLE N/A 320,061 0 43,000