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
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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
ALPHABET INC CL-A CL A 02079K305 6,859 5,682 SH   DFND   0 0 0
ALPHABET INC CL-C CL C 02079K107 40,509 33,942 SH   DFND   0 0 0
AMETEK INC COM 031100100 61,014 771,156 SH   DFND   0 0 0
APPLE INC COM 037833100 480 2,127 SH   SOLE   0 0 0
BALCHEM CORP COM 057665200 254 2,266 SH   DFND   0 0 0
BANK OZK COM 063904106 51,102 1,346,204 SH   DFND   0 0 0
BERKSHIRE HATHAWAY-A-NEW CL A 084670108 960 3 SH   SOLE   0 0 0
BERKSHIRE HATHAWAY-B-NEW CL B 084670702 173,972 812,536 SH   DFND   0 0 0
BROOKFIELD ASSET MGT-A LV CL A 112585104 576 12,938 SH   DFND   0 0 0
CARMAX INC COM 143130102 87,327 1,169,505 SH   DFND   0 0 0
DISNEY WALT COMPANY COM 254687106 35,439 303,052 SH   DFND   0 0 0
EDWARDS LIFESCIENCES CORP COM 28176E108 31,458 180,690 SH   DFND   0 0 0
FACEBOOK INC CL-A CL A 30303M102 18,684 113,609 SH   DFND   0 0 0
FASTENAL CO COM 311900104 237 4,077 SH   DFND   0 0 0
FIVE BELOW INC COM 33829M101 468 3,596 SH   DFND   0 0 0
FORTUNE BRNDS HME&SEC COM 34964C106 19,910 380,256 SH   DFND   0 0 0
HEICO CORP CLASS A CL A 422806208 34,981 463,327 SH   DFND   0 0 0
JP MORGAN CHASE & CO COM 46625H100 23,332 206,769 SH   DFND   0 0 0
LIBERTY MEDIA-C LIB FORM CL C 531229854 25,148 676,212 SH   DFND   0 0 0
LITTELFUSE INC COM 537008104 20,204 102,099 SH   DFND   0 0 0
LKQ CORP COM 501889208 13,961 440,833 SH   DFND   0 0 0
LULULEMON ATHLETICA INC CO COM 550021109 747 4,600 SH   DFND   0 0 0
M & T BANK CORP COM 55261F104 19,999 121,547 SH   DFND   0 0 0
MARKEL CORP HOLDING COM 570535104 40,659 34,211 SH   DFND   0 0 0
MASTERCARD INC CL-A CL A 57636Q104 462 2,074 SH   DFND   0 0 0
MOHAWK INDS INC COM 608190104 20,729 118,217 SH   DFND   0 0 0
O'REILLY AUTOMOTIVE COM 67103H107 17,757 51,127 SH   DFND   0 0 0
RYANAIR HLDGS PLC COM 783513203 240 2,500 SH   DFND   0 0 0
SOUTHWEST AIRLINES CO COM 844741108 247 3,961 SH   DFND   0 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,541 5,302 SH   SOLE   0 0 0
UNION PACIFIC CORP COM 907818108 45,272 278,035 SH   DFND   0 0 0
VISA INC CLASS-A CL A 92826C839 45,417 302,598 SH   DFND   0 0 0
TJX COMPANIES INC CM COM 872540109 612 5,467 SH   DFND   0 0 0
SCHWAB CHARLES CORP COM 808513105 24,876 506,129 SH   DFND   0 0 0
NVR INC COM 62944T105 17,328 7,013 SH   DFND   0 0 0
HEALTH CARE SERVICES GRP COM 421906108 376 9,266 SH   DFND   0 0 0