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
Under Armour Inc Ordinary Shares 904311107 20,984 216,820 SH   SOLE   216,820 0 0
Infinera Corp Ordinary Shares 45667G103 20,354 1,040,600 SH   SOLE   1,040,600 0 0
Markel Corp Ordinary Shares 570535104 19,806 24,700 SH   SOLE   24,700 0 0
Natus Medical Inc Ordinary Shares 639050103 17,703 448,741 SH   SOLE   448,741 0 0
American Woodmark Corp Ordinary Shares 030506109 15,465 238,407 SH   SOLE   238,407 0 0
Anthem Inc Ordinary Shares 036752103 15,358 109,697 SH   SOLE   109,697 0 0
HDFC Bank Ltd American Depository Receipts 40415F101 14,509 237,500 SH   SOLE   237,500 0 0
Williams-Sonoma Inc Ordinary Shares 969904101 13,651 178,800 SH   SOLE   178,800 0 0
HCC Insurance Holdings Inc Ordinary Shares 404132102 12,937 167,000 SH   SOLE   167,000 0 0
Berkshire Hathaway Inc Ordinary Shares 084670108 12,300 63 SH   SOLE   63 0 0
Xoom Corp Ordinary Shares 98419Q101 11,972 481,177 SH   SOLE   481,177 0 0
Whole Foods Market Inc Ordinary Shares 966837106 11,706 369,872 SH   SOLE   369,872 0 0
SBA Communications Corp Ordinary Shares 78388J106 11,291 107,800 SH   SOLE   107,800 0 0
Chipotle Mexican Grill Inc Ordinary Shares 169656105 10,948 15,200 SH   SOLE   15,200 0 0
Banco Latinoamericano de Comercio Exterior SA Ordinary Shares P16994132 10,726 463,335 SH   SOLE   463,335 0 0
Loews Corp Ordinary Shares 540424108 10,271 284,190 SH   SOLE   284,190 0 0
American Tower Corp Ordinary Shares 03027X100 8,860 100,700 SH   SOLE   100,700 0 0
National Oilwell Varco Inc Ordinary Shares 637071101 8,283 220,000 SH   SOLE   220,000 0 0
DR.REDDY'S LABORATORIES LTD American Depository Receipts 256135203 7,986 124,956 SH   SOLE   124,956 0 0
Baidu Inc American Depository Receipts 056752108 7,984 58,100 SH   SOLE   58,100 0 0
Texas Roadhouse Inc Ordinary Shares 882681109 7,961 214,000 SH   SOLE   214,000 0 0
Level 3 Communications Inc Ordinary Shares 52729N308 7,424 169,918 SH   SOLE   169,918 0 0
Tractor Supply Co Ordinary Shares 892356106 7,252 86,000 SH   SOLE   86,000 0 0
Taiwan Semiconductor Manufacturing Co Ltd American Depository Receipts 874039100 7,231 348,500 SH   SOLE   348,500 0 0
KAR Auction Services Inc Ordinary Shares 48238T109 7,196 202,708 SH   SOLE   202,708 0 0
Drew Industries Inc Ordinary Shares 26168L205 6,622 121,265 SH   SOLE   121,265 0 0
Intel Corp Ordinary Shares 458140100 6,601 219,000 SH   SOLE   219,000 0 0
Amazon.com Inc Ordinary Shares 023135106 6,399 12,500 SH   SOLE   12,500 0 0
Zimmer Biomet Holdings Inc Ordinary Shares 98956P102 6,293 67,000 SH   SOLE   67,000 0 0
Apple Inc Ordinary Shares 037833100 6,287 57,000 SH   SOLE   57,000 0 0
Carter Bank and Trust Ordinary Shares 146102108 6,261 496,874 SH   SOLE   496,874 0 0
Costco Wholesale Corp Ordinary Shares 22160K105 5,783 40,000 SH   SOLE   40,000 0 0
Thor Industries Inc Ordinary Shares 885160101 5,771 111,418 SH   SOLE   111,418 0 0
Google Inc Ordinary Shares 38259P508 5,745 9,000 SH   SOLE   9,000 0 0
Google Inc Ordinary Shares 38259P706 5,490 9,024 SH   SOLE   9,024 0 0
Monarch Financial Holdings Inc Ordinary Shares 60907Q100 5,488 442,900 SH   SOLE   442,900 0 0
Innophos Holdings Inc Ordinary Shares 45774N108 5,455 137,601 SH   SOLE   137,601 0 0
Diamond Hill Investment Group Inc Ordinary Shares 25264R207 5,399 29,023 SH   SOLE   29,023 0 0
Aceto Corp Ordinary Shares 004446100 5,353 195,000 SH   SOLE   195,000 0 0
Autozone Inc Ordinary Shares 053332102 5,284 7,300 SH   SOLE   7,300 0 0
Crimson Wine Group Ltd Ordinary Shares 22662X100 5,200 574,547 SH   SOLE   574,547 0 0
TripAdvisor Inc Ordinary Shares 896945201 5,164 81,945 SH   SOLE   81,945 0 0
Varian Medical Systems Inc Ordinary Shares 92220P105 4,943 67,000 SH   SOLE   67,000 0 0
Horizon Global Corp Ordinary Shares 44052W104 4,585 519,850 SH   SOLE   519,850 0 0
IPG Photonics Corp Ordinary Shares 44980X109 4,558 60,000 SH   SOLE   60,000 0 0
Oaktree Capital Group LLC Unit 674001201 4,523 91,368 SH   SOLE   91,368 0 0
Medtronic PLC Ordinary Shares G5960L103 4,456 66,564 SH   SOLE   66,564 0 0
TriMas Corp Ordinary Shares 896215209 4,454 272,427 SH   SOLE   272,427 0 0
XPO Logistics Inc Ordinary Shares 983793100 4,409 185,000 SH   SOLE   185,000 0 0
BRF SA American Depository Receipts 10552T107 4,335 243,704 SH   SOLE   243,704 0 0
KapStone Paper and Packaging Corp Ordinary Shares 48562P103 3,961 239,917 SH   SOLE   239,917 0 0
Gaming and Leisure Properties Inc Ordinary Shares 36467J108 3,893 131,086 SH   SOLE   131,086 0 0
Cabela's Inc Ordinary Shares 126804301 3,420 75,000 SH   SOLE   75,000 0 0
Brookfield Infrastructure Partners LP Unit G16252101 3,388 92,127 SH   SOLE   92,127 0 0
Suffolk Bancorp Ordinary Shares 864739107 3,241 118,646 SH   SOLE   118,646 0 0
C.H. Robinson Worldwide Inc Ordinary Shares 12541W209 3,118 46,000 SH   SOLE   46,000 0 0
STAG Industrial Inc Real Estate Trust 85254J102 3,005 165,000 SH   SOLE   165,000 0 0
Polaris Industries Inc Ordinary Shares 731068102 2,997 25,000 SH   SOLE   25,000 0 0
Cooper Companies Inc Ordinary Shares 216648402 2,977 20,000 SH   SOLE   20,000 0 0
Myriad Genetics Inc Ordinary Shares 62855J104 2,886 77,000 SH   SOLE   77,000 0 0
Align Technology Inc Ordinary Shares 016255101 2,810 49,500 SH   SOLE   49,500 0 0
Genomic Health Inc Ordinary Shares 37244C101 2,792 131,935 SH   SOLE   131,935 0 0
Horsehead Holding Corp Ordinary Shares 440694305 2,755 906,401 SH   SOLE   906,401 0 0
TRI Pointe Group Inc Ordinary Shares 87265H109 2,618 200,000 SH   SOLE   200,000 0 0
Gentex Corp Ordinary Shares 371901109 2,403 155,000 SH   SOLE   155,000 0 0
Liberty Interactive Corp Ordinary Shares 53071M104 2,334 89,000 SH   SOLE   89,000 0 0
Potash Corporation of Saskatchewan Inc Ordinary Shares 73755L107 2,261 110,000 SH   SOLE   110,000 0 0
Genesee & Wyoming Inc Ordinary Shares 98954M204 2,245 38,000 SH   SOLE   38,000 0 0
Chicago Bridge & Iron Company NV Ordinary Shares 167250109 2,142 54,000 SH   SOLE   54,000 0 0
Panera Bread Co Ordinary Shares 69840W108 2,128 11,000 SH   SOLE   11,000 0 0
Constellium NV Ordinary Shares N22035104 2,083 343,752 SH   SOLE   343,752 0 0
American National Insurance Co Ordinary Shares 028591105 2,068 21,181 SH   SOLE   21,181 0 0
Annaly Capital Management Inc Ordinary Shares 035710409 1,974 200,000 SH   SOLE   200,000 0 0
Lake Sunapee Bank Group Ordinary Shares 510866106 1,937 133,207 SH   SOLE   133,207 0 0
Tandem Diabetes Care Inc Ordinary Shares 875372104 1,762 200,000 SH   SOLE   200,000 0 0
Zillow Group Inc Ordinary Shares 98954M200 1,755 65,000 SH   SOLE   65,000 0 0
Red Robin Gourmet Burgers Inc Ordinary Shares 75689M101 1,515 20,000 SH   SOLE   20,000 0 0
Access National Corp Ordinary Shares 004337101 1,335 65,529 SH   SOLE   65,529 0 0
Fastenal Co Ordinary Shares 98954M203 1,162 31,750 SH   SOLE   31,750 0 0
Syngenta AG American Depository Receipts 98954M202 1,148 18,000 SH   SOLE   18,000 0 0
Zillow Group Inc Ordinary Shares 98954M101 934 32,500 SH   SOLE   32,500 0 0
Schlumberger NV Ordinary Shares 98954M206 345 5,000 SH   SOLE   5,000 0 0