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
APPLE INC COM 037833100 46,294 419,711 SH   SOLE 0 419,711 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 19,560 150,000 SH   SOLE 0 150,000 0 0
CARMAX INC COM 143130102 14,830 250,000 SH   SOLE 0 250,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 32,528 225,000 SH   SOLE 0 225,000 0 0
DISNEY WALT CO COM DISNEY 254687106 14,141 138,366 SH   SOLE 0 138,366 0 0
EBAY INC COM 278642103 9,018 368,976 SH   SOLE 0 368,976 0 0
FACEBOOK INC CL A 30303M102 58,049 645,709 SH   SOLE 0 645,709 0 0
GOOGLE INC CL A 38259P508 16,488 25,828 SH   SOLE 0 25,828 0 0
GOOGLE INC CL C 38259P706 15,757 25,898 SH   SOLE 0 25,898 0 0
INFINERA CORPORATION COM 45667G103 9,780 500,000 SH   SOLE 0 500,000 0 0
MARKEL CORP COM 570535104 25,888 32,285 SH   SOLE 0 32,285 0 0
PAYPAL HLDGS INC COM 70450Y103 11,453 368,976 SH   SOLE 0 368,976 0 0
PULTE GROUP INC COM 745867101 17,406 922,442 SH   SOLE 0 922,442 0 0
SOUTHWEST AIRLS CO COM 844741108 53,256 1,400,000 SH   SOLE 0 1,400,000 0 0
STARBUCKS CORP COM 855244109 17,052 300,000 SH   SOLE 0 300,000 0 0
VALHI INC NEW COM 918905100 652 344,790 SH   SOLE 0 344,790 0 0
WPP PLC NEW ADR 92937A102 12,484 120,000 SH   SOLE 0 120,000 0 0