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 CL-A CAP STK CL A 02079K305 6,348 5,863 SH   DFND   0 0 0
ALPHABET INC CL-C CAP STK CL C 02079K107 37,951 35,110 SH   DFND   0 0 0
AMETEK INC COM 031100100 72,024 792,865 SH   DFND   0 0 0
APPLE INC COM 037833100 421 2,127 SH   SOLE   0 0 0
BANK OF AMERICA COM 060505104 25,549 881,006 SH   DFND   0 0 0
BANK OZK COM 06417N103 21,995 730,979 SH   DFND   0 0 0
BERKSHIRE HATHAWAY-A-NEW CL A 084670108 955 3 SH   DFND   0 0 0
BERKSHIRE HATHAWAY-B-NEW CL B NEW 084670702 184,273 864,443 SH   DFND   0 0 0
BROOKFIELD ASSET MGT-A LV CL A LTD VT SH 112585104 618 12,938 SH   DFND   0 0 0
CARMAX INC COM 143130102 105,942 1,220,105 SH   DFND   0 0 0
DISNEY WALT COMPANY COM 254687106 27,463 196,672 SH   DFND   0 0 0
EDWARDS LIFESCIENCES CORP COM 28176E108 23,460 126,990 SH   DFND   0 0 0
FACEBOOK INC CL-A CL A 30303M102 33,450 173,316 SH   DFND   0 0 0
FASTENAL CO COM 311900104 266 8,154 SH   DFND   0 0 0
FIVE BELOW INC COM 33829M101 432 3,596 SH   DFND   0 0 0
FORTUNE BRNDS HME&SEC COM 34964C106 35,368 619,083 SH   DFND   0 0 0
HEALTH CARE SERVICES GRP COM 421906108 9,511 313,678 SH   DFND   0 0 0
HEICO CORP CLASS A CL A 422806208 50,282 486,432 SH   DFND   0 0 0
JP MORGAN CHASE & CO COM 46625H100 37,342 334,011 SH   DFND   0 0 0
KEYSIGHT TECHNOLOGIES INC COM 49338L103 25,461 283,501 SH   DFND   0 0 0
KNIGHT-SWIFT TRANSPORT-A CL A 499049104 264 8,046 SH   SOLE   0 0 0
LIBERTY MEDIA-C LIB FORM CL C 531229854 398 10,630 SH   DFND   0 0 0
LITTELFUSE INC COM 537008104 20,189 114,120 SH   DFND   0 0 0
LKQ CORP COM 501889208 6 220 SH   DFND   0 0 0
LULULEMON ATHLETICA INC COM 550021109 837 4,645 SH   SOLE   0 0 0
M & T BANK CORP COM 55261F104 23,059 135,586 SH   DFND   0 0 0
MARKEL CORP HOLDING COM 570535104 41,289 37,894 SH   DFND   0 0 0
MASTERCARD INC CL-A CL A 57636Q104 539 2,039 SH   DFND   0 0 0
MOHAWK INDS INC COM 608190104 24,835 168,409 SH   DFND   0 0 0
NVR INC COM 62944T105 48,235 14,312 SH   DFND   0 0 0
OLD DOMINION FREIGHT LINE COM 679580100 405 2,712 SH   SOLE   0 0 0
O'REILLY AUTOMOTIVE COM 67103H107 10,081 27,297 SH   DFND   0 0 0
ROPER TECHNOLOGIES INC COM 776696106 456 1,245 SH   SOLE   0 0 0
SCHWAB CHARLES CORP COM 808513105 37,304 928,197 SH   DFND   0 0 0
SOUTHWEST AIRLINES CO COM 844741108 220 4,334 SH   DFND   0 0 0
SPDR S&P 500 ETF TR UNIT 78462F103 1,551 5,295 SH   DFND   0 0 0
TJX COMPANIES INC COM 872540109 494 9,341 SH   DFND   0 0 0
UNION PACIFIC CORP COM 907818108 26,929 159,239 SH   DFND   0 0 0
VISA INC CLASS-A COM CL A 92826C839 53,760 309,767 SH   DFND   0 0 0