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
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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
AMETEK INC COM 31100100 18,768 350,207 SH   DFND   350,207 0 0
BANK OF THE OZARKS INC COM 63904106 45,646 922,885 SH   DFND   922,885 0 0
BERKSHIRE HATHAWAY CL B NEW 84670702 79,891 605,048 SH   DFND   605,048 0 0
BROOKFIELD ASSET MGT CL A 112585104 439 13,914 SH   DFND   13,914 0 0
BUFFALO WILD WINGS INC COM 119848109 11,519 72,152 SH   DFND   72,152 0 0
CARMAX INC COM 143130102 36,736 680,667 SH   DFND   680,667 0 0
DISNEY WALT COMPANY COM 254687106 37,500 356,870 SH   DFND   356,870 0 0
FASTENAL CO COM 311900104 10,537 258,134 SH   DFND   258,134 0 0
ALPHABET INC CL A 38259P508 4,834 6,213 SH   DFND   6,213 0 0
ALPHABET INC CL C 38259P706 9,963 13,128 SH   DFND   13,128 0 0
INTL BUSINESS MACHINES COM 459200101 13,212 96,001 SH   DFND   96,001 0 0
KNIGHT TRANSPORTATION INC COM 499064103 15,105 623,409 SH   DFND   623,409 0 0
LKQ CORP COM 501889208 35,089 1,184,232 SH   DFND   1,184,232 0 0
M & T BANK CORP COM 55261F104 21,594 178,194 SH   DFND   178,194 0 0
MARKEL CORP HOLDING COM 570535104 22,358 25,310 SH   DFND   25,310 0 0
MASTERCARD INC CL A 57636Q104 146 1,504 SH   DFND   1,504 0 0
MOHAWK INDS INC COM 608190104 16,028 84,629 SH   DFND   84,629 0 0
O'REILLY AUTOMOTIVE COM 67103H107 19,889 78,484 SH   DFND   78,484 0 0
PRA GROUP INC COM 69354N106 6,717 193,637 SH   DFND   193,637 0 0
STANTEC INC COM 85472N109 1,397 56,352 SH   SOLE   56,352 0 0
STERICYCLE INC COM 858912108 9,372 77,713 SH   DFND   77,713 0 0
UNION PACIFIC CORP COM 907818108 18,380 235,037 SH   DFND   235,037 0 0
VALEANT PHARMA INTL COM 91911K102 12,984 127,735 SH   DFND   127,735 0 0
VISA INC COM CL A 92826C839 22,890 295,159 SH   DFND   295,159 0 0
WELLS FARGO CO COM 949746101 31,369 577,053 SH   DFND   577,053 0 0