America Movil/amx SPON ADR L 02364W105 11,528 550,000 SH SOLE 550,000 American Tower/amt CL A 03027X100 129,970 1,689,673 SH SOLE 1,689,673 Apple Inc/aapl COM 037833100 38,558 87,106 SH SOLE 87,106 Bank of America/bac COM 060505104 9,744 800,000 SH SOLE 800,000 Berks-Hath B/brk.b CL B NEW 084670702 32,048 307,561 SH SOLE 307,561 Berksh-Hath A/brk.a COM 084670108 7,658 59 SH SOLE 59 CSX Corporation/csx COM 126408103 1,258 51,061 SH SOLE 51,061 Colfax Corp/cfx COM 194014106 75,271 1,617,330 SH SOLE 1,617,330 Crimson Wine/cwgl COM 22662X100 1,441 155,000 SH SOLE 155,000 Diamond Hill/dhil COM NEW 25264R207 11,321 145,500 SH SOLE 145,500 DirecTv/dtv COM 25490A101 90,544 1,600,000 SH SOLE 1,600,000 Dollar Tree/dltr COM 256746108 120,052 2,478,884 SH SOLE 2,478,884 Enstar/esgr SHS G3075P101 62,560 503,341 SH SOLE 503,341 FactSet/fds COM 303075105 12,038 130,000 SH SOLE 130,000 Hartford/hig COM 416515104 35,248 1,366,200 SH SOLE 1,366,200 LPL Financial/lpla COM 50213H100 54,808 1,700,000 SH SOLE 1,700,000 Lamar Advertising/lamr CL A 512815101 30,185 621,348 SH SOLE 621,348 Leucadia Nat/luk COM 527288104 54,860 2,000,000 SH SOLE 2,000,000 Markel/mkl COM 570535104 124,248 246,769 SH SOLE 246,769 Mastercard/ma CL A 57636Q104 184,973 341,828 SH SOLE 341,828 Monro Muf-Brake/mnro COM 610236101 19,855 500,000 SH SOLE 500,000 Moodys Corp/mco COM 615369105 135,346 2,538,375 SH SOLE 2,538,375 O Reilly auto/orly COM 67103H107 84,377 823,683 SH SOLE 823,683 Primo Water Corp/prmw COM 74165N105 1,760 1,600,000 SH SOLE 1,600,000 Ross Stores/rost COM 778296103 117,449 1,937,469 SH SOLE 1,937,469 Sears Hldg/shld COM 812350106 14,991 300,000 SH SOLE 300,000 TD Ameritrade/amtd COM 87236Y108 65,137 3,158,900 SH SOLE 3,158,900 TransDigm Group/tdg COM 893641100 1,529 10,000 SH SOLE 10,000 Verisk Analytics/vrsk COM 92345Y106 49,296 800,000 SH SOLE 800,000 Visa/v COM CL A 92826C839 63,254 372,430 SH SOLE 372,430 Annaly Capital/nly COM 035710409 34,933 2,198,409 SH SOLE 2,198,409 Enterprise Products/epd COM 293792107 617 10,232 SH SOLE 10,232 Hartford Financial Pfd. DEP CONV PFD 416515708 17,221 725,097 SH SOLE 725,097 MarkWest Energy/mwe UNIT LTD PARTN 570759100 6,193 101,935 SH SOLE 101,935 NuStar Energy LP/ns UNIT COM 67058H102 56,007 1,050,000 SH SOLE 1,050,000 NuStar GP Holdings/nsh UNIT RESTG LLC 67059L102 7,038 216,560 SH SOLE 216,560 Bank Of America *W EXP 01/16/201 060505146 3,990 700,000 SH SOLE 700,000