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
ALPHABET INC CAP STK CL A 02079K305 31,176 25,828 SH   SOLE 0 25,828 0 0
ALPHABET INC CAP STK CL C 02079K107 30,908 25,898 SH   SOLE 0 25,898 0 0
AMAZON COM INC COM 023135106 70,105 35,000 SH   SOLE 0 35,000 0 0
APPLE INC COM 037833100 90,296 400,000 SH   SOLE 0 400,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 21,411 100,000 SH   SOLE 0 100,000 0 0
BOOKING HLDGS INC COM 09857L108 2,976 1,500 SH   SOLE 0 1,500 0 0
COSTCO WHSL CORP NEW COM 22160K105 58,720 250,000 SH   SOLE 0 250,000 0 0
DISNEY WALT CO COM DISNEY 254687106 11,694 100,000 SH   SOLE 0 100,000 0 0
FACEBOOK INC CL A 30303M102 82,230 500,000 SH   SOLE 0 500,000 0 0
HOME DEPOT INC COM 437076102 4,143 20,000 SH   SOLE 0 20,000 0 0
LENNAR CORP CL A 526057104 4,669 100,000 SH   SOLE 0 100,000 0 0
MARKEL CORP COM 570535104 38,370 32,285 SH   SOLE 0 32,285 0 0
PAYPAL HLDGS INC COM 70450Y103 43,920 500,000 SH   SOLE 0 500,000 0 0
PULTE GROUP INC COM 745867101 24,770 1,000,000 SH   SOLE 0 1,000,000 0 0
SOUTHWEST AIRLS CO COM 844741108 78,687 1,260,000 SH   SOLE 0 1,260,000 0 0
VALHI INC NEW COM 918905100 786 344,790 SH   SOLE 0 344,790 0 0