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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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Alphabet Inc. CAP STK CL C 02079K107   17,601,135 145,500 SH   SOLE   145,500 0 0
A-Mark Precious Metals, Inc. COM 00181T107   7,168,803 191,500 SH   SOLE   191,500 0 0
Amazon.com, Inc. COM 023135106   29,982,800 230,000 SH   SOLE   230,000 0 0
Berkshire Hathaway Inc. CL B NEW 084670702   30,349,000 89,000 SH   SOLE   89,000 0 0
Cogent Communications Holdings, Inc. COM NEW 19239V302   38,691,750 575,000 SH   SOLE   575,000 0 0
Enova International, Inc. COM 29357K103   30,225,280 569,000 SH   SOLE   569,000 0 0
Enstar Group Limited SHS G3075P101   31,629,080 129,500 SH   SOLE   129,500 0 0
IAC Inc. COM NEW 44891N208   72,220,000 1,150,000 SH   SOLE   1,150,000 0 0
LendingClub Corporation COM NEW 52603A208   22,961,250 2,355,000 SH   SOLE   2,355,000 0 0
LGI Homes, Inc. COM 50187T106   6,946,835 51,500 SH   SOLE   51,500 0 0
Meta Platforms, Inc. CL A 30303M102   33,002,700 115,000 SH   SOLE   115,000 0 0
News Corporation CL A 65249B109   22,425,000 1,150,000 SH   SOLE   1,150,000 0 0
Orion S.A. COM L72967109   13,474,700 635,000 SH   SOLE   635,000 0 0
Rush Enterprises, Inc. CL A 781846209   13,970,200 230,000 SH   SOLE   230,000 0 0
U-Haul Holding Company COM SER N 023586506   26,221,725 517,500 SH   SOLE   517,500 0 0
Walker & Dunlop, Inc. COM 93148P102   5,415,450 68,472 SH   SOLE   68,472 0 0