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
3M CO COM 88579Y101 520 2,210 SH   SOLE   2,210 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 928 6,060 SH   SOLE   6,060 0 0
ACXIOM CORP COM 005125109 451 16,360 SH   SOLE   16,360 0 0
ADAMS DIVERSIFIED EQUITY FD COM 006212104 1,082 72,000 SH   SOLE   72,000 0 0
ADVANSIX INC COM 00773T101 433 10,300 SH   SOLE   10,300 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 1,776 13,600 SH   SOLE   13,600 0 0
ALLERGAN PLC SHS G0177J108 3,458 21,140 SH   SOLE   21,140 0 0
ALLIANZGI EQUITY & CONV INCO COM 018829101 1,268 60,000 SH   SOLE   60,000 0 0
ALPHABET INC CAP STK CL A 02079K305 8,427 8,000 SH   OTR 1 0 0 8,000
ALPHABET INC CAP STK CL A 02079K305 8,543 8,110 SH   SOLE   8,110 0 0
ALPHABET INC CAP STK CL C 02079K107 398 380 SH   SOLE   380 0 0
ALTABA INC COM 021346101 1,139 16,300 SH   SOLE   16,300 0 0
ALTRIA GROUP INC COM 02209S103 541 7,570 SH   SOLE   7,570 0 0
AMAZON COM INC COM 023135106 55,585 47,530 SH   SOLE   47,530 0 0
AMERISOURCEBERGEN CORP COM 03073E105 3,508 38,200 SH   SOLE   38,200 0 0
AMETEK INC NEW COM 031100100 246 3,400 SH   SOLE   3,400 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 1,675 38,300 SH   SOLE   38,300 0 0
APPLE INC COM 037833100 520 3,070 SH   SOLE   3,070 0 0
ARCH CAP GROUP LTD ORD G0450A105 460 5,070 SH   SOLE   5,070 0 0
AUTONATION INC COM 05329W102 252 4,900 SH   SOLE   4,900 0 0
AUTOZONE INC COM 053332102 484 680 SH   SOLE   680 0 0
AXALTA COATING SYS LTD COM G0750C108 304 9,400 SH   SOLE   9,400 0 0
BANK AMER CORP *W EXP 01/16/201 060505146 177 10,100 SH   SOLE   10,100 0 0
BANK AMER CORP COM 060505104 541 18,350 SH   SOLE   18,350 0 0
BANK OF THE OZARKS COM 063904106 313 6,480 SH   SOLE   6,480 0 0
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 1,977 81,000 SH   SOLE   81,000 0 0
BARCLAYS BK PLC ETN+ SEL MLP 06742C723 1,789 86,200 SH   SOLE   86,200 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 5,952 20 SH   OTR 1 0 0 20
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 149,246 752,930 SH   SOLE   752,930 0 0
BIOGEN INC COM 09062X103 312 980 SH   SOLE   980 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 742 40,800 SH   SOLE   40,800 0 0
CARDINAL HEALTH INC COM 14149Y108 3,486 56,900 SH   SOLE   56,900 0 0
CARMAX INC COM 143130102 3,207 50,000 SH   OTR 1 0 0 50,000
CARMAX INC COM 143130102 367 5,720 SH   SOLE   5,720 0 0
CDW CORP COM 12514G108 381 5,480 SH   SOLE   5,480 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 1,055 3,140 SH   SOLE   3,140 0 0
CIMPRESS N V SHS EURO N20146101 585 4,880 SH   SOLE   4,880 0 0
CITIGROUP INC COM NEW 172967424 390 5,240 SH   SOLE   5,240 0 0
CLOROX CO DEL COM 189054109 364 2,450 SH   SOLE   2,450 0 0
COLFAX CORP COM 194014106 331 8,360 SH   SOLE   8,360 0 0
COMCAST CORP NEW CL A 20030N101 374 9,340 SH   SOLE   9,340 0 0
COMMSCOPE HLDG CO INC COM 20337X109 874 23,120 SH   SOLE   23,120 0 0
COMPASS MINERALS INTL INC COM 20451N101 3,713 51,400 SH   SOLE   51,400 0 0
CORESITE RLTY CORP COM 21870Q105 1,708 14,990 SH   SOLE   14,990 0 0
CORNERSTONE ONDEMAND INC COM 21925Y103 811 22,940 SH   SOLE   22,940 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 1,565 53,600 SH   SOLE   53,600 0 0
COSTAR GROUP INC COM 22160N109 356 1,200 SH   SOLE   1,200 0 0
CREDIT ACCEP CORP MICH COM 225310101 15,689 48,500 SH   OTR 1 0 0 48,500
CREDIT ACCEP CORP MICH COM 225310101 16,524 51,080 SH   SOLE   51,080 0 0
CVS HEALTH CORP COM 126650100 3,589 49,500 SH   SOLE   49,500 0 0
DCT INDUSTRIAL TRUST INC COM NEW 233153204 1,667 28,360 SH   SOLE   28,360 0 0
DEERE & CO COM 244199105 311 1,990 SH   SOLE   1,990 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 303 5,410 SH   SOLE   5,410 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 1,734 153,600 SH   SOLE   153,600 0 0
DISNEY WALT CO COM DISNEY 254687106 3,442 32,020 SH   SOLE   32,020 0 0
DR PEPPER SNAPPLE GROUP INC COM 26138E109 371 3,820 SH   SOLE   3,820 0 0
DUKE REALTY CORP COM NEW 264411505 1,613 59,300 SH   SOLE   59,300 0 0
ELLINGTON FINANCIAL LLC COM 288522303 290 20,000 SH   SOLE   20,000 0 0
EXPEDIA INC DEL COM NEW 30212P303 1,164 9,720 SH   SOLE   9,720 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 3,938 52,760 SH   SOLE   52,760 0 0
F5 NETWORKS INC COM 315616102 486 3,700 SH   SOLE   3,700 0 0
FACEBOOK INC CL A 30303M102 8,294 47,000 SH   OTR 1 0 0 47,000
FASTENAL CO COM 311900104 577 10,560 SH   SOLE   10,560 0 0
FEDEX CORP COM 31428X106 324 1,300 SH   SOLE   1,300 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 282 11,700 SH   SOLE   11,700 0 0
GENERAL ELECTRIC CO COM 369604103 3,553 203,600 SH   SOLE   203,600 0 0
GENPACT LIMITED SHS G3922B107 18,465 581,750 SH   SOLE   581,750 0 0
GENUINE PARTS CO COM 372460105 353 3,720 SH   SOLE   3,720 0 0
GILEAD SCIENCES INC COM 375558103 3,453 48,200 SH   SOLE   48,200 0 0
GLOBAL X FDS GB MSCI AR ETF 37950E259 847 24,000 SH   SOLE   24,000 0 0
GLOBAL X FDS MSCI GREECE ETF 37950E366 206 20,000 SH   SOLE   20,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 418 1,640 SH   SOLE   1,640 0 0
GRANITE PT MTG TR INC COM 38741L107 798 45,000 SH   SOLE   45,000 0 0
GRUBHUB INC COM 400110102 439 6,120 SH   SOLE   6,120 0 0
GUIDEWIRE SOFTWARE INC COM 40171V100 3,631 48,900 SH   SOLE   48,900 0 0
GULFPORT ENERGY CORP COM NEW 402635304 364 28,500 SH   SOLE   28,500 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 1,669 55,560 SH   SOLE   55,560 0 0
HERBALIFE LTD COM USD SHS G4412G101 561 8,280 SH   SOLE   8,280 0 0
HOME DEPOT INC COM 437076102 631 3,330 SH   SOLE   3,330 0 0
HONEYWELL INTL INC COM 438516106 460 3,000 SH   SOLE   3,000 0 0
HORMEL FOODS CORP COM 440452100 475 13,040 SH   SOLE   13,040 0 0
HOST HOTELS & RESORTS INC COM 44107P104 1,746 87,960 SH   SOLE   87,960 0 0
INTERACTIVE BROKERS GROUP IN COM 45841N107 679 11,480 SH   SOLE   11,480 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 357 20,000 SH   SOLE   20,000 0 0
INVITATION HOMES INC COM 46187W107 1,723 73,132 SH   SOLE   73,132 0 0
ISHARES INC MSCI CDA ETF 464286509 738 24,890 SH   SOLE   24,890 0 0
ISHARES INC MSCI FRANCE ETF 464286707 705 22,570 SH   SOLE   22,570 0 0
ISHARES INC MSCI GERMANY ETF 464286806 1,900 57,530 SH   SOLE   57,530 0 0
ISHARES INC MSCI HONG KG ETF 464286871 254 10,000 SH   SOLE   10,000 0 0
ISHARES INC MSCI ITALY ETF 46434G830 453 14,895 SH   SOLE   14,895 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 1,942 32,400 SH   SOLE   32,400 0 0
ISHARES INC MSCI MEXICO ETF 464286822 1,671 33,900 SH   SOLE   33,900 0 0
ISHARES INC MSCI NETHERL ETF 464286814 287 9,060 SH   SOLE   9,060 0 0
ISHARES INC MSCI SINGPOR ETF 46434G780 778 30,000 SH   SOLE   30,000 0 0
ISHARES INC MSCI SPAIN ETF 464286764 2,392 73,000 SH   SOLE   73,000 0 0
ISHARES INC MSCI STH KOR ETF 464286772 1,311 17,500 SH   SOLE   17,500 0 0
ISHARES INC MSCI SWEDEN ETF 464286756 376 11,090 SH   SOLE   11,090 0 0
ISHARES INC MSCI SWITZERLAND 464286749 891 25,050 SH   SOLE   25,050 0 0
ISHARES INC MSCI TAIWAN ETF 46434G772 1,086 30,000 SH   SOLE   30,000 0 0
ISHARES TR 20 YR TR BD ETF 464287432 951 7,500 SH   SOLE   7,500 0 0
ISHARES TR 3 7 YR TREAS BD 464288661 1,405 11,500 SH   SOLE   11,500 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440 2,639 25,000 SH   SOLE   25,000 0 0
ISHARES TR MSCI CHINA ETF 46429B671 998 15,000 SH   SOLE   15,000 0 0
ISHARES TR MSCI INDIA ETF 46429B598 1,948 54,000 SH   SOLE   54,000 0 0
ISHARES TR MSCI IRELAND ETF 46429B507 1,104 23,000 SH   SOLE   23,000 0 0
ISHARES TR MSCI PHILIPS ETF 46429B408 388 10,000 SH   SOLE   10,000 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 3,940 110,000 SH   SOLE   110,000 0 0
ISHARES TR NASDAQ BIOTECH 464287556 480 4,500 SH   SOLE   4,500 0 0
ISHARES TR TIPS BD ETF 464287176 2,282 20,000 SH   SOLE   20,000 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 4,175 152,000 SH   SOLE   152,000 0 0
JPMORGAN CHASE & CO COM 46625H100 308 2,880 SH   SOLE   2,880 0 0
KILROY RLTY CORP COM 49427F108 1,715 22,970 SH   SOLE   22,970 0 0
L BRANDS INC COM 501797104 3,571 59,300 SH   SOLE   59,300 0 0
LAM RESEARCH CORP COM 512807108 313 1,700 SH   SOLE   1,700 0 0
LEUCADIA NATL CORP COM 527288104 262 9,880 SH   SOLE   9,880 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 314 8,760 SH   SOLE   8,760 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 581 17,150 SH   SOLE   17,150 0 0
LIBERTY INTERACTIVE CORP LBT VEN COM A NE 53071M856 784 14,460 SH   SOLE   14,460 0 0
LIBERTY INTERACTIVE CORP QVC GP COM SER A 53071M104 2,144 87,800 SH   OTR 2 0 0 87,800
LIBERTY INTERACTIVE CORP QVC GP COM SER A 53071M104 527 21,580 SH   SOLE   21,580 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 298 7,500 SH   SOLE   7,500 0 0
LKQ CORP COM 501889208 212 5,200 SH   SOLE   5,200 0 0
LOCKHEED MARTIN CORP COM 539830109 620 1,930 SH   SOLE   1,930 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 423 3,830 SH   SOLE   3,830 0 0
MACERICH CO COM 554382101 348 5,300 SH   SOLE   5,300 0 0
MANITOWOC CO INC COM NEW 563571405 401 10,200 SH   SOLE   10,200 0 0
MCKESSON CORP COM 58155Q103 3,773 24,190 SH   SOLE   24,190 0 0
MEDTRONIC PLC SHS G5960L103 3,520 43,600 SH   SOLE   43,600 0 0
MERCK & CO INC COM 58933Y105 3,579 63,600 SH   SOLE   63,600 0 0
MONDELEZ INTL INC CL A 609207105 3,540 82,700 SH   SOLE   82,700 0 0
MONOTYPE IMAGING HOLDINGS IN COM 61022P100 282 11,700 SH   SOLE   11,700 0 0
MONRO INC COM 610236101 251 4,400 SH   SOLE   4,400 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 935 40,000 SH   SOLE   40,000 0 0
MPLX LP COM UNIT REP LTD 55336V100 305 8,600 SH   SOLE   8,600 0 0
NOBLE CORP PLC SHS USD G65431101 306 67,700 SH   SOLE   67,700 0 0
NOVO-NORDISK A S ADR 670100205 9,437 175,830 SH   SOLE   175,830 0 0
NUVEEN PFD & INCM OPPORTNYS COM 67073B106 784 75,800 SH   SOLE   75,800 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 777 55,295 SH   SOLE   55,295 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 20,626 489,940 SH   SOLE   489,940 0 0
ORACLE CORP COM 68389X105 365 7,710 SH   SOLE   7,710 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 1,792 150,810 SH   SOLE   150,810 0 0
PHILIP MORRIS INTL INC COM 718172109 437 4,140 SH   SOLE   4,140 0 0
PIONEER NAT RES CO COM 723787107 300 1,740 SH   SOLE   1,740 0 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 384 38,700 SH   SOLE   38,700 0 0
POST HLDGS INC COM 737446104 454 5,730 SH   SOLE   5,730 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 1,412 61,300 SH   SOLE   61,300 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 2,336 15,000 SH   SOLE   15,000 0 0
POWERSHS DB MULTI SECT COMM PS DB AGRICUL FD 73936B408 938 50,000 SH   SOLE   50,000 0 0
PRICELINE GRP INC COM NEW 741503403 226 130 SH   SOLE   130 0 0
PROGRESS SOFTWARE CORP COM 743312100 493 11,570 SH   SOLE   11,570 0 0
PTC INC COM 69370C100 347 5,700 SH   SOLE   5,700 0 0
PUBLIC STORAGE COM 74460D109 1,650 7,900 SH   SOLE   7,900 0 0
QUALCOMM INC COM 747525103 288 4,504 SH   SOLE   4,504 0 0
REALTY INCOME CORP COM 756109104 1,711 30,000 SH   SOLE   30,000 0 0
REGENCY CTRS CORP COM 758849103 1,784 25,790 SH   SOLE   25,790 0 0
RETAIL PPTYS AMER INC CL A 76131V202 731 54,420 SH   SOLE   54,420 0 0
ROCKWELL COLLINS INC COM 774341101 481 3,550 SH   SOLE   3,550 0 0
RYANAIR HLDGS PLC SPONSORED ADR NE 783513203 1,563 15,000 SH   OTR 2 0 0 15,000
SABRA HEALTH CARE REIT INC COM 78573L106 612 32,600 SH   SOLE   32,600 0 0
SALESFORCE COM INC COM 79466L302 3,507 34,300 SH   SOLE   34,300 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 257 1,570 SH   SOLE   1,570 0 0
SCHWAB CHARLES CORP NEW COM 808513105 895 17,420 SH   SOLE   17,420 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 790 8,000 SH   SOLE   8,000 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 455 8,000 SH   SOLE   8,000 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 534 19,130 SH   SOLE   19,130 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 3,003 57,000 SH   SOLE   57,000 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1,279 20,000 SH   SOLE   20,000 0 0
SHAKE SHACK INC CL A 819047101 5,201 120,400 SH   OTR 1 0 0 120,400
SIGNET JEWELERS LIMITED SHS G81276100 206 3,640 SH   SOLE   3,640 0 0
SIMON PPTY GROUP INC NEW COM 828806109 1,804 10,500 SH   SOLE   10,500 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 883 13,260 SH   SOLE   13,260 0 0
SOLAR CAP LTD COM 83413U100 808 40,000 SH   SOLE   40,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 2,473 20,000 SH   SOLE   20,000 0 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 5,699 140,000 SH   SOLE   140,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 35,226 132,000 SH   SOLE   132,000 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 294 5,000 SH   SOLE   5,000 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 489 57,000 SH   SOLE   57,000 0 0
STARS GROUP INC COM 85570W100 301 12,890 SH   SOLE   12,890 0 0
STERICYCLE INC COM 858912108 3,595 52,880 SH   SOLE   52,880 0 0
SUN CMNTYS INC COM 866674104 1,742 18,780 SH   SOLE   18,780 0 0
TABLEAU SOFTWARE INC CL A 87336U105 254 3,680 SH   SOLE   3,680 0 0
TEMPUR SEALY INTL INC COM 88023U101 941 15,010 SH   SOLE   15,010 0 0
TEXAS INSTRS INC COM 882508104 592 5,670 SH   SOLE   5,670 0 0
TRANSDIGM GROUP INC COM 893641100 720 2,620 SH   SOLE   2,620 0 0
TRUECAR INC COM 89785L107 133 11,900 SH   SOLE   11,900 0 0
TRUPANION INC COM 898202106 6,978 238,400 SH   OTR 1 0 0 238,400
TWO HBRS INVT CORP COM NEW 90187B408 244 15,000 SH   SOLE   15,000 0 0
UDR INC COM 902653104 1,679 43,600 SH   SOLE   43,600 0 0
UNITED CONTL HLDGS INC COM 910047109 1,227 18,200 SH   SOLE   18,200 0 0
URBAN EDGE PPTYS COM 91704F104 1,716 67,300 SH   SOLE   67,300 0 0
VANECK VECTORS ETF TR AGRIBUSINESS ETF 92189F700 308 5,000 SH   SOLE   5,000 0 0
VANECK VECTORS ETF TR RUSSIA ETF 92189F403 636 30,000 SH   SOLE   30,000 0 0
VANECK VECTORS ETF TR VIETNAM ETF 92189F817 250 14,000 SH   SOLE   14,000 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 10,800 132,400 SH   SOLE   132,400 0 0
VANGUARD INDEX FDS REIT ETF 922908553 10,915 131,535 SH   SOLE   131,535 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 12,524 272,800 SH   SOLE   272,800 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 8,752 195,100 SH   SOLE   195,100 0 0
VEEVA SYS INC CL A COM 922475108 3,493 63,200 SH   SOLE   63,200 0 0
VEREIT INC COM 92339V100 1,634 209,700 SH   SOLE   209,700 0 0
VISA INC COM CL A 92826C839 9,569 83,930 SH   SOLE   83,930 0 0
VORNADO RLTY TR SH BEN INT 929042109 1,008 12,900 SH   SOLE   12,900 0 0
WELLS FARGO CO NEW COM 949746101 4,035 66,500 SH   SOLE   66,500 0 0
WELLTOWER INC COM 95040Q104 1,568 24,600 SH   SOLE   24,600 0 0
WESCO AIRCRAFT HLDGS INC COM 950814103 275 37,140 SH   SOLE   37,140 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 1,612 25,300 SH   SOLE   25,300 0 0
WISDOMTREE TR EUROPE SMCP DV 97717W869 1,270 18,000 SH   SOLE   18,000 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 16,541 278,800 SH   SOLE   278,800 0 0
ZAYO GROUP HLDGS INC COM 98919V105 265 7,210 SH   SOLE   7,210 0 0
ZEBRA TECHNOLOGIES CORP CL A 989207105 395 3,800 SH   SOLE   3,800 0 0
ZILLOW GROUP INC CL A 98954M101 7,168 175,941 SH   SOLE   175,941 0 0
ZILLOW GROUP INC CL C CAP STK 98954M200 16,841 411,572 SH   SOLE   411,572 0 0
ZIMMER BIOMET HLDGS INC COM 98956P102 3,560 29,500 SH   SOLE   29,500 0 0