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
AMERICAN EXPRESS CO. Common Stock 025816109 12,448 166,505 SH   SOLE 0 166,505 0 0
BERKSHIRE HATHAWAY INC. CLASS B Common Stock 084670702 4,830 43,155 SH   SOLE 0 43,155 0 0
CABELA'S INCORPORATED CLASS A Common Stock 126804301 8,023 123,891 SH   SOLE 0 123,891 0 0
CBS CORPORATION CLASS B Common Stock 124857202 9,019 184,546 SH   SOLE 0 184,546 0 0
FIDELITY NATIONAL FINL Common Stock 31620R105 3,755 157,727 SH   SOLE 0 157,727 0 0
INTUIT INC Common Stock 461202103 7,165 117,379 SH   SOLE 0 117,379 0 0
KRAFT FOODS GROUP, INC. Common Stock 50076Q106 7,217 129,168 SH   SOLE 0 129,168 0 0
KRISPY KREME DOUGHNUTS INC Common Stock 501014104 1,757 100,690 SH   SOLE 0 100,690 0 0
LIBERTY INTERACTIVE ORD SHS SERIES Common Stock 53071M104 7,566 328,794 SH   SOLE 0 328,794 0 0
MARRIOTT INTERNATIONAL, INC. CLASS A Common Stock 571903202 8,751 216,780 SH   SOLE 0 216,780 0 0
MASTERCARD INCORPORATED CLASS A Common Stock 57636Q104 6,251 10,880 SH   SOLE 0 10,880 0 0
MICROSOFT CORPORATION Common Stock 594918104 10,240 296,430 SH   SOLE 0 296,430 0 0
MOTOROLA SOLUTIONS INC Common Stock 620076307 6,982 120,950 SH   SOLE 0 120,950 0 0
N V R INC Common Stock 62944T105 6,901 7,485 SH   SOLE 0 7,485 0 0
NEWS CORPORATION CLASS A Common Stock 65248E104 8,029 246,427 SH   SOLE 0 246,427 0 0
SEARS HOMETOWN AND OUTLET STORES, INC. Common Stock 812362101 3,447 78,842 SH   SOLE 0 78,842 0 0
SIRIUS XM RADIO INC. Common Stock 82967N108 8,432 2,517,125 SH   SOLE 0 2,517,125 0 0
THE HOWARD HUGHES CORP Common Stock 44267D107 13,394 119,489 SH   SOLE 0 119,489 0 0
U.S. BANCORP Common Stock 902973304 9,449 261,387 SH   SOLE 0 261,387 0 0
WELLS FARGO & CO Common Stock 949746101 13,315 322,621 SH   SOLE 0 322,621 0 0