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
Alphabet Inc. - Class A Com 02079K305 15,441 12,645 SH   SOLE 0 12,196 0 449
Alphabet Inc. - Class C Com 02079K107 19,782 16,228 SH   SOLE 0 15,720 0 508
Apple Inc. Com 037833100 7,574 33,816 SH   SOLE 0 32,606 0 1,210
Bank of America Corporation Com 060505104 8,911 305,487 SH   SOLE 0 295,722 0 9,765
Bank of New York Mellon Corp Com 064058100 7,403 163,751 SH   SOLE 0 158,316 0 5,435
Barrick Gold Corp. Com 067901108 572 33,010 SH   SOLE 0 32,190 0 820
Berkshire Hathaway Inc. Clas Com 084670702 22,595 108,617 SH   SOLE 0 104,712 0 3,905
Charter Communications Com 16119P108 4,575 11,102 SH   SOLE 0 10,581 0 521
Citigroup Inc. Com 172967424 10,437 151,084 SH   SOLE 0 145,924 0 5,160
Comcast Corp Class A Com 20030N101 5,101 113,152 SH   SOLE 0 109,197 0 3,955
Continental Building Product Com 211171103 4,194 153,683 SH   SOLE 0 148,058 0 5,625
Despegar.com Com G27358103 3,645 321,965 SH   SOLE 0 313,115 0 8,850
Dish Network Corp. Com 25470M109 3,098 90,917 SH   SOLE 0 87,682 0 3,235
Eagle Materials Inc. Com 26969P108 4,095 45,497 SH   SOLE 0 43,907 0 1,590
Facebook Com 30303M102 12,302 69,080 SH   SOLE 0 66,868 0 2,212
Fox Corporation - Class A Com 35137L105 1,529 48,500 SH   SOLE 0 47,643 0 857
Fox Corporation - Class B Com 35137L204 814 25,809 SH   SOLE 0 24,157 0 1,652
General Motors Com 37045V100 8,478 226,196 SH   SOLE 0 218,321 0 7,875
Goldman Sachs Com 38141G104 6,725 32,450 SH   SOLE 0 31,442 0 1,008
JP Morgan Chase & Co. Com 46625H100 13,737 116,723 SH   SOLE 0 113,013 0 3,710
Kinder Morgan Inc. Com 49456B101 3,135 152,121 SH   SOLE 0 146,576 0 5,545
Kinross Gold Corp. Com 496902404 2,454 533,570 SH   SOLE 0 513,460 0 20,110
Liberty Broadband-A Com 530307107 9,889 94,615 SH   SOLE 0 91,715 0 2,900
Liberty Media Sirius A Com 531229409 4,736 113,930 SH   SOLE 0 110,180 0 3,750
Market Vectors Gold Miners E Com 92189F106 5,184 194,074 SH   SOLE 0 187,629 0 6,445
MMA Capital Holdings, Inc. Com 55315D105 9,141 304,712 SH   SOLE 0 304,712 0 0
Newmont Goldcorp Com 651639106 764 20,140 SH   SOLE 0 18,202 0 1,938
NVR Inc. Com 62944T105 3,636 978 SH   SOLE 0 947 0 31
Packaging Corp of America Com 695156109 3,757 35,411 SH   SOLE 0 34,401 0 1,010
Range Resources Corp Com 75281A109 1,389 363,700 SH   SOLE 0 351,500 0 12,200
Spirit Airlines Inc. Com 848577102 9,323 256,834 SH   SOLE 0 248,044 0 8,790
SS&C Technologies Holdings I Com 78467J100 7,929 153,746 SH   SOLE 0 148,836 0 4,910
T-Mobile US Inc. Com 872590104 11,937 151,537 SH   SOLE 0 146,313 0 5,224
Trinseo SA Com L9340P101 3,065 71,370 SH   SOLE 0 68,605 0 2,765
US Bancorp Com 902973304 4,180 75,539 SH   SOLE 0 74,134 0 1,405
Walt Disney Co. Com 254687106 8,814 67,632 SH   SOLE 0 65,325 0 2,307