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
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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
21st Century Fox - Class A COM 90130A101 8,332 173,156 SH   SOLE 0 170,581 0 2,575
21st Century Fox - Class B COM 90130A200 3,974 83,164 SH   SOLE 0 78,204 0 4,960
Alphabet Inc. - Class A COM 02079K305 16,013 15,324 SH   SOLE 0 14,875 0 449
Alphabet Inc. - Class C COM 02079K107 18,146 17,522 SH   SOLE 0 17,068 0 454
Apple Inc. COM 037833100 7,326 46,444 SH   SOLE 0 45,129 0 1,315
Bank of America Corporation COM 060505104 4,786 194,247 SH   SOLE 0 189,832 0 4,415
Bank of New York Mellon Corp COM 064058100 10,283 218,458 SH   SOLE 0 212,198 0 6,260
Barrick Gold Corp. COM 067901108 621 45,640 SH   SOLE 0 44,820 0 820
Berkshire Hathaway Inc. Clas COM 084670702 26,399 129,294 SH   SOLE 0 125,464 0 3,830
Charter Communications COM 16119P108 7,547 26,483 SH   SOLE 0 25,619 0 864
Citigroup Inc. COM 172967424 9,134 175,443 SH   SOLE 0 170,338 0 5,105
Comcast Corp Class A COM 20030N101 4,762 139,070 SH   SOLE 0 135,115 0 3,955
Commercial Vehicle Group COM 202608105 1,692 296,779 SH   SOLE 0 293,139 0 3,640
Continental Building Product COM 211171103 5,779 227,071 SH   SOLE 0 219,791 0 7,280
Despegar.com COM G27358103 4,782 385,320 SH   SOLE 0 376,470 0 8,850
Discover Financial Services COM 254709108 3,418 57,944 SH   SOLE 0 56,109 0 1,835
Dish Network Corp. COM 25470M109 2,725 109,116 SH   SOLE 0 105,781 0 3,335
Dollar Tree Inc. COM 256746108 6,291 69,653 SH   SOLE 0 67,578 0 2,075
Eagle Materials Inc. COM 26969P108 5,888 96,334 SH   SOLE 0 93,944 0 2,390
Facebook COM 30303M102 7,602 57,990 SH   SOLE 0 56,688 0 1,302
General Electric COM 369604103 1,991 262,718 SH   SOLE 0 258,138 0 4,580
General Motors COM 37045V100 9,627 287,797 SH   SOLE 0 279,397 0 8,400
Goldman Sachs COM 38141G104 6,559 39,265 SH   SOLE 0 38,277 0 988
JP Morgan Chase & Co. COM 46625H100 14,594 149,501 SH   SOLE 0 145,466 0 4,035
Kinder Morgan Inc. COM 49456B101 6,517 423,745 SH   SOLE 0 409,520 0 14,225
Kinross Gold Corp. COM 496902404 2,002 617,825 SH   SOLE 0 595,715 0 22,110
Liberty Broadband-A COM 530307107 8,228 114,576 SH   SOLE 0 111,676 0 2,900
Linamar Corp. COM 53278L107 3,942 118,752 SH   SOLE 0 115,642 0 3,110
Market Vectors Gold Miners E COM 92189F106 5,442 258,030 SH   SOLE 0 251,345 0 6,685
MMA Capital Management, LLC COM 55315D105 7,679 304,712 SH   SOLE 0 304,712 0 0
Newmont Mining Corp. COM 651639106 1,110 32,023 SH   SOLE 0 29,985 0 2,038
Nexeo Solutions, Inc COM 65342H102 1,701 197,986 SH   SOLE 0 194,986 0 3,000
NVR Inc. COM 62944T105 3,105 1,274 SH   SOLE 0 1,240 0 34
Packaging Corp of America COM 695156109 4,422 52,478 SH   SOLE 0 51,203 0 1,275
Range Resources Corp COM 75281A109 2,941 307,292 SH   SOLE 0 299,842 0 7,450
Spirit Airlines Inc. COM 848577102 16,687 288,096 SH   SOLE 0 279,606 0 8,490
T-Mobile US Inc. COM 872590104 15,035 236,370 SH   SOLE 0 229,636 0 6,734
Trinseo SA COM L9340P101 5,081 110,992 SH   SOLE 0 107,297 0 3,695
US Bancorp COM 902973304 3,914 84,949 SH   SOLE 0 83,544 0 1,405