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
ANHEUSER-BUSCH INBEV SA/NV SPONSORED ADR 03524a108 1 10 SH   DFND 01 02 10 0 0
APPLE Inc COM 037833100 14,646 95,029 SH   DFND 01 02 95,029 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 9,636 52,564 SH   DFND 01 02 52,564 0 0
C.H. ROBINSON WORLDWIDE INC COM NEW 12541w209 9,967 130,971 SH   DFND 01 02 130,971 0 0
CAMPING WORLD HLDGS INC CL A 13462k109 306 7,500 SH   DFND 01 02 7,500 0 0
CARMAX INC COM 143130102 1,444 19,052 SH   DFND 01 02 19,052 0 0
COSTAR GRP INC COM 22160n109 51 190 SH   DFND 01 02 190 0 0
COSTCO WHSL CORP NEW COM 22160k105 5,277 32,122 SH   DFND 01 02 32,122 0 0
DICKS SPORTING GOODS INC COM 253393102 446 16,500 SH   DFND 01 02 16,500 0 0
FACTSET RESH SYS INC COM 303075105 1,092 6,062 SH   DFND 01 02 6,062 0 0
LANDSTAR SYS INC COM 515098101 2,105 21,119 SH   DFND 01 02 21,119 0 0
MARRIOTT INTL INC NEW CL A 571903202 9,505 86,202 SH   DFND 01 02 86,202 0 0
MICROSOFT CORP COM 594918104 17,909 240,427 SH   DFND 01 02 240,427 0 0
PROGRESSIVE CORP OHIO COM 743315103 7,492 154,721 SH   DFND 01 02 154,721 0 0
QUALCOMM INC COM 747525103 10,776 207,874 SH   DFND 01 02 207,874 0 0
RAVEN INDS INC COM 754212108 14,970 462,026 SH   DFND 01 02 462,026 0 0
RITCHIE BROS AUCTIONEERS COM 767744105 14,313 452,667 SH   DFND 01 02 452,667 0 0
ROPER TECHNOLOGIES INC COM 776696106 1 5 SH   DFND 01 02 5 0 0
STURM RUGER & CO INC COM 864159108 631 12,211 SH   DFND 01 02 12,211 0 0