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 COMPANY COM 88579y101 252 1,322 SH   SOLE   1,322 0 0
ABBOTT LABORATORIES COM 002824100 401 5,549 SH   SOLE   5,549 0 0
ABBVIE INC COM 00287y109 569 6,167 SH   SOLE   6,167 0 0
AFFILIATED MANAGERS GRP COM 008252108 17,829 182,973 SH   SOLE   182,423 550 0
ALLERGAN PLC F COM g0177j108 1,760 13,165 SH   SOLE   13,165 0 0
ALPHABET INC SHS CL A COM 02079k305 16,858 16,133 SH   SOLE   16,133 0 0
ALPHABET INC SHS CL C COM 02079k107 29,564 28,547 SH   SOLE   28,477 70 0
AMAZON.COM INC COM 023135106 22,043 14,676 SH   SOLE   14,636 40 0
AMERICAN EXPRESS CO COM 025816109 21,818 228,893 SH   SOLE   227,918 975 0
AMERICAN TOWER CORP COM 03027x100 3,665 23,168 SH   SOLE   23,168 0 0
ANNALY CAP MGMT INC COM 035710409 261 26,575 SH   SOLE   26,575 0 0
APPLE INC COM 037833100 10,016 63,498 SH   SOLE   63,498 0 0
AUTOMATIC DATA PROCESS COM 053015103 354 2,700 SH   SOLE   2,700 0 0
BECTON DICKINSON & CO COM 075887109 211 938 SH   SOLE   938 0 0
BERKSHIRE HATHAWAY A COM 084670108 11,322 37 SH   SOLE   37 0 0
BERKSHIRE HATHAWAY B COM 084670702 138,157 676,645 SH   SOLE   673,645 3,000 0
BLACKSTONE GROUP LP COM 09253u108 26,544 890,428 SH   SOLE   888,528 1,900 0
BOEING CO COM 097023105 539 1,672 SH   SOLE   1,672 0 0
BROOKFIELD ASSET MGMT COM 112585104 22,378 583,526 SH   SOLE   582,126 1,400 0
CARMAX INC COM 143130102 21,001 334,780 SH   SOLE   334,430 350 0
CHEVRON CORPORATION COM 166764100 1,551 14,257 SH   SOLE   14,257 0 0
CHURCHILL DOWNS COM 171484108 2,663 10,918 SH   SOLE   10,918 0 0
COCA COLA COM COM 191216100 12,577 265,610 SH   SOLE   264,610 1,000 0
COSTCO WHOLESALE CO COM 22160k105 631 3,096 SH   SOLE   3,096 0 0
DIAMOND HILL INVT CL A COM 25264r207 11,609 77,677 SH   SOLE   77,502 175 0
DOUGLAS EMMETT INC COM 25960p109 15,171 444,520 SH   SOLE   442,770 1,750 0
ENSTAR GROUP LTD COM g3075p101 17,773 106,065 SH   SOLE   105,715 350 0
ESTEE LAUDER INC COM 518439104 16,225 124,709 SH   SOLE   124,209 500 0
EXXON MOBIL CORP COM 30231g102 11,370 166,736 SH   SOLE   165,436 1,300 0
FACEBOOK INC CL A COM 30303m102 406 3,094 SH   SOLE   3,094 0 0
FAIRFAX FINL HLDGS LTD COM 303901102 506 1,150 SH   SOLE   1,150 0 0
GAMCO INVS INC COM 361438104 7,750 458,870 SH   SOLE   457,870 1,000 0
GAMING & LEISURE INC COM 36467j108 21,597 668,422 SH   SOLE   667,922 500 0
GOLDMAN SACHS INC COM 38141g104 31,697 189,746 SH   SOLE   189,271 475 0
HOME BANCSHARES INC COM 436893200 30,774 1,883,327 SH   SOLE   1,878,077 5,250 0
HOWARD HUGHES CORP COM 44267d107 819 8,386 SH   SOLE   8,386 0 0
HUMANA INC COM 444859102 782 2,730 SH   SOLE   2,730 0 0
ILLINOIS TOOL WORKS INC COM 452308109 244 1,926 SH   SOLE   1,926 0 0
INTUIT COM 461202103 390 1,979 SH   SOLE   1,979 0 0
JEFFERIES FINANCIAL GROUP INC COM 47233W109 9,277 534,371 SH   SOLE   532,871 1,500 0
JOHNSON AND JOHNSON COM 478160104 35,177 272,586 SH   SOLE   272,086 500 0
JPMORGAN CHASE & CO COM 46625h100 18,709 191,650 SH   SOLE   189,198 2,452 0
LAS VEGAS SANDS CORP COM 517834107 1,656 31,815 SH   SOLE   31,815 0 0
LILLY ELI & CO COM 532457108 250 2,162 SH   SOLE   2,162 0 0
LIVE NATION ENTMT COM 538034109 5,163 104,828 SH   SOLE   104,828 0 0
MARKEL CORP COM COM 570535104 74,169 71,450 SH   SOLE   71,200 250 0
MC DONALDS CORP COM 580135101 1,224 6,895 SH   SOLE   6,895 0 0
MERCK & CO INC COM 58933y105 439 5,741 SH   SOLE   5,741 0 0
MGM MIRAGE COM 552953101 6,747 278,125 SH   SOLE   278,125 0 0
MICROSOFT CORP COM 594918104 746 7,345 SH   SOLE   7,345 0 0
MICROVISION INC WASH COM 594960304 7 12,000 SH   SOLE   12,000 0 0
MONDELEZ INTL CLASS A COM 609207105 261 6,508 SH   SOLE   6,508 0 0
MOODY'S CORP COM 615369105 21,259 151,810 SH   SOLE   151,410 400 0
NETFLIX COM INC COM 64110L106 214 800 SH   SOLE   800 0 0
NIKE INC CL B COM 654106103 19,553 263,734 SH   SOLE   263,734 0 0
O'REILLY AUTOMOTIVE INC COM 67103h107 5,646 16,396 SH   SOLE   16,396 0 0
PACWEST BANCORP COM 695263103 14,193 426,469 SH   SOLE   426,469 0 0
PEPSICO INC COM 713448108 22,055 199,628 SH   SOLE   199,228 400 0
PFIZER INCORPORATED COM 717081103 653 14,962 SH   SOLE   14,962 0 0
PHILIP MORRIS INTL INC COM 718172109 267 4,000 SH   SOLE   4,000 0 0
PNC FINANCIAL SRVCS COM 693475105 974 8,331 SH   SOLE   7,231 1,100 0
PROCTER & GAMBLE COM 742718109 2,833 30,825 SH   SOLE   30,825 0 0
RED ROCK RESORTS INC COM 75700L108 235 11,550 SH   SOLE   11,550 0 0
SCHLUMBERGER LTD COM 806857108 519 14,379 SH   SOLE   14,379 0 0
SCHWAB CHARLES CORP COM 808513105 18,633 448,670 SH   SOLE   448,070 600 0
SEACOAST BK CORP FLA COM 811707801 1,344 51,650 SH   SOLE   51,650 0 0
SOUTHERN NATL BANCORP COM 843395104 1,986 150,258 SH   SOLE   150,258 0 0
SPDR S&P 500 ETF COM 78462f103 449 1,798 SH   SOLE   1,798 0 0
T ROWE PRICE GROUP INC COM 74144t108 10,100 109,406 SH   SOLE   109,206 200 0
TIFFANY & CO NEW COM 886547108 16,250 201,844 SH   SOLE   201,444 400 0
UNITED PARCEL SRVC CL B COM 911312106 821 8,421 SH   SOLE   8,421 0 0
UNITED TECHNOLOGIES COM 913017109 693 6,509 SH   SOLE   6,509 0 0
US BANCORP DEL COM 902973304 586 12,832 SH   SOLE   12,832 0 0
VISA INC COM CLASS A COM 92826C839 252 1,907 SH   SOLE   1,907 0 0
VORNADO REALTY TRUST COM 929042109 19,850 320,003 SH   SOLE   319,253 750 0
WALT DISNEY CO COM 254687106 3,739 34,097 SH   SOLE   34,097 0 0
WELLS FARGO & CO COM 949746101 24,827 538,791 SH   SOLE   536,041 2,750 0
WINTRUST FINANCIAL COM 97650w108 1,374 20,658 SH   SOLE   20,658 0 0
WYNN RESORTS LTD COM 983134107 23,592 238,515 SH   SOLE   237,790 725 0