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
Estimated average burden
hours per response: 23.8
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
ACE LTD SHS H0023R105 8,900 99,468 SH   SOLE 0 99,468 0 0
ACORN ENERGY INC COM 004848107 333 39,500 SH   SOLE 0 39,500 0 0
AES CORP COM 00130H105 42,703 3,561,528 SH   SOLE 0 3,561,528 0 0
AES TR III PFD CV 6.75% 00808N202 985 19,500 SH   SOLE 0 19,500 0 0
AFC ENTERPRISES INC COM 00104Q107 26,041 724,579 SH   SOLE 0 724,579 0 0
ALLSTATE CORP COM 020002101 33,619 698,652 SH   SOLE 0 698,652 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/21 026874156 625 34,246 SH   SOLE 0 34,246 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 72,676 1,625,867 SH   SOLE 0 1,625,867 0 0
AMERICAN PUBLIC EDUCATION INC COM 02913V103 4,367 117,524 SH   SOLE 0 117,524 0 0
AMERICAN TOWER CORP CL A 029912201 76,517 1,045,737 SH   SOLE 0 1,045,737 0 0
ANTARES PHARMA INC COM 036642106 1,154 277,460 SH   SOLE 0 277,460 0 0
B O K FINL CORP COM NEW 05561Q201 10,387 162,168 SH   SOLE 0 162,168 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 548 19,525 SH   SOLE 0 19,525 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 3,203 19 SH   SOLE 0 19 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 7,951 71,043 SH   SOLE 0 71,043 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 4,665 127,731 SH   SOLE 0 127,731 0 0
CAPITAL ONE FINL CORP COM 14040H105 502 8,000 SH   SOLE 0 8,000 0 0
CARMAX INC COM 143130102 63,371 1,372,863 SH   SOLE 0 1,372,863 0 0
CEDAR FAIR LP DEPOSITRY UNIT 150185106 2,858 69,027 SH   SOLE 0 69,027 0 0
CINCINNATI BELL INC NEW COM 171871106 15,286 4,995,573 SH   SOLE 0 4,995,573 0 0
CINCINNATI BELL INC NEW PFD CV DEP1/20 171871403 407 9,106 SH   SOLE 0 9,106 0 0
CROWN CASTLE INTL CORP COM 228227104 218 3,015 SH   SOLE 0 3,015 0 0
CROWN HOLDINGS INC COM 228368106 49,358 1,200,050 SH   SOLE 0 1,200,050 0 0
DENNYS CORP COM 24869P104 51,922 9,238,846 SH   SOLE 0 9,238,846 0 0
DIRECTV COM CL A 25490A101 16,122 261,546 SH   SOLE 0 261,546 0 0
ENERGY TRANSFER EQUITY LP COM UT LTD PTN 29273V100 2,744 45,865 SH   SOLE 0 45,865 0 0
ENSTAR GROUP LIMITED SHS G3075P101 2,570 19,328 SH   SOLE 0 19,328 0 0
ENTERPRISE PRODS PARTNERS LP COM 293792107 4,861 78,219 SH   SOLE 0 78,219 0 0
EXXON MOBIL CORP COM 30231G102 375 4,150 SH   SOLE 0 4,150 0 0
FAUQUIER BANKSHARES INC VA COM 312059108 194 16,000 SH   SOLE 0 16,000 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 526 129,985 SH   SOLE 0 129,985 0 0
GENERAL ELECTRIC CO COM 369604103 221 9,550 SH   SOLE 0 9,550 0 0
GLADSTONE COML CORP COM 376536108 2,334 125,209 SH   SOLE 0 125,209 0 0
HORSEHEAD HLDG CORP COM 440694305 142 11,085 SH   SOLE 0 11,085 0 0
INTERNAP NETWORK SVCS CORP COM PAR $.001 45885A300 58,115 7,027,152 SH   SOLE 0 7,027,152 0 0
IRIDIUM COMMUNICATIONS INC COM 46269C102 30,845 3,974,829 SH   SOLE 0 3,974,829 0 0
KINDER MORGAN ENERGY PARTNERS UT LTD PARTNER 494550106 743 8,700 SH   SOLE 0 8,700 0 0
LEXINGTON REALTY TRUST COM 529043101 902 77,266 SH   SOLE 0 77,266 0 0
MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608b105 1,314 24,585 SH   SOLE 0 24,585 0 0
MARKEL CORP COM 570535104 55,058 104,484 SH   SOLE 0 104,484 0 0
MARKWEST ENERGY PARTNERS LP UNIT LTD PARTN 570759100 16,697 249,774 SH   SOLE 0 249,774 0 0
MATERIAL SCIENCES CORP COM 576674105 895 88,958 SH   SOLE 0 88,958 0 0
MICROS SYS INC COM 594901100 51,999 1,205,068 SH   SOLE 0 1,205,068 0 0
NEWS CORP CL A 65248E104 409 12,556 SH   SOLE 0 12,556 0 0
NII HLDGS INC CL B NEW 62913F201 34,157 5,128,636 SH   SOLE 0 5,128,636 0 0
NUSTAR GP HOLDINGS LLC UNIT RESTG LLC 67059L102 2,323 86,922 SH   SOLE 0 86,922 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 892 10,000 SH   SOLE 0 10,000 0 0
PIONEER NAT RES CO COM 723787107 68,755 474,991 SH   SOLE 0 474,991 0 0
PIONEER SOUTHWST ENRG PRTNR UNIT LP INT 72388B106 5,704 166,390 SH   SOLE 0 166,390 0 0
POOL CORPORATION COM 73278L105 7,085 135,178 SH   SOLE 0 135,178 0 0
POZEN INC COM 73941U102 601 120,007 SH   SOLE 0 120,007 0 0
PVR PARTNERS LP COM UNIT REPTG L 693665101 8,005 293,226 SH   SOLE 0 293,226 0 0
SBA COMMUNICATIONS CORP COM 78388J106 1,343 18,113 SH   SOLE 0 18,113 0 0
SEADRILL LIMITED SHS G7945E105 816 20,020 SH   SOLE 0 20,020 0 0
SIRIUS XM RADIO INC COM 82967N108 3,497 1,043,852 SH   SOLE 0 1,043,852 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 8,623 245,256 SH   SOLE 0 245,256 0 0
TEEKAY CORPORATION COM Y8564W103 17,214 423,685 SH   SOLE 0 423,685 0 0
TEEKAY OFFSHORE PARTNERS LP PARTNERSHIP UN Y8565J101 3,597 110,790 SH   SOLE 0 110,790 0 0
TIGERLOGIC CORPORATION COM 8867EQ101 476 290,274 SH   SOLE 0 290,274 0 0
TIME WARNER CABLE INC COM 88732J207 29,643 263,537 SH   SOLE 0 263,537 0 0
PROSHARES TR PSHS ULSHT SP500 74347R883 1,171 28,670 SH   SOLE 0 28,670 0 0
UNIVERSAL DISPLAY CORP COM 91347P105 26,914 957,462 SH   SOLE 0 957,462 0 0
VANGUARD NATURAL RESOURCES L COM UNIT 92205F106 3,190 114,320 SH   SOLE 0 114,320 0 0
WALKER & DUNLOP INC COM 93148P102 179 10,200 SH   SOLE 0 10,200 0 0
WELLS FARGO & CO NEW COM 949746101 10,543 255,456 SH   SOLE 0 255,456 0 0