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
ABBOTT LABORATORIES COM 002824100 452 5,399 SH   SOLE   5,399 0 0
ABBVIE INC COM 00287y109 467 6,167 SH   SOLE   6,167 0 0
AFFILIATED MANAGERS GRP COM 008252108 14,524 174,248 SH   SOLE   173,698 550 0
ALPHABET INC SHS CL A COM 02079k305 19,027 15,581 SH   SOLE   15,581 0 0
ALPHABET INC SHS CL C COM 02079k107 37,923 31,110 SH   SOLE   31,040 70 0
AMAZON.COM INC COM 023135106 24,714 14,237 SH   SOLE   14,197 40 0
AMERICAN EXPRESS CO COM 025816109 24,422 206,480 SH   SOLE   205,505 975 0
AMERICAN TOWER CORP COM 03027x100 4,990 22,568 SH   SOLE   22,568 0 0
ANNALY CAP MGMT INC COM 035710409 220 25,000 SH   SOLE   25,000 0 0
APPLE INC COM 037833100 13,129 58,620 SH   SOLE   58,620 0 0
AUTOMATIC DATA PROCESS COM 053015103 214 1,325 SH   SOLE   1,325 0 0
BAXTER INTL COM 071813109 232 2,648 SH   SOLE   2,648 0 0
BECTON DICKINSON & CO COM 075887109 237 938 SH   SOLE   938 0 0
BERKSHIRE HATHAWAY A COM 084670108 11,538 37 SH   SOLE   37 0 0
BERKSHIRE HATHAWAY B COM 084670702 141,523 680,333 SH   SOLE   677,533 2,800 0
BLACKSTONE GROUP INC COM 09260d107 39,912 817,191 SH   SOLE   815,291 1,900 0
BOEING CO COM 097023105 589 1,547 SH   SOLE   1,547 0 0
BOOKING HOLDING INC COM 09857L108 24,800 12,636 SH   SOLE   12,601 35 0
BROOKFIELD ASSET MGMT COM 112585104 30,328 562,147 SH   SOLE   560,747 1,400 0
CARMAX INC COM 143130102 27,871 316,721 SH   SOLE   316,371 350 0
CHEVRON CORPORATION COM 166764100 1,235 10,409 SH   SOLE   10,409 0 0
CHURCHILL DOWNS COM 171484108 1,793 14,525 SH   SOLE   14,525 0 0
CINTAS CORP COM 172908105 268 1,000 SH   SOLE   1,000 0 0
COCA COLA COM COM 191216100 2,067 37,969 SH   SOLE   37,969 0 0
COSTCO WHOLESALE CO COM 22160k105 868 3,014 SH   SOLE   3,014 0 0
DIAMOND HILL INVT CL A COM 25264r207 10,387 75,198 SH   SOLE   75,023 175 0
DOUGLAS EMMETT INC COM 25960p109 18,574 433,659 SH   SOLE   431,909 1,750 0
ENSTAR GROUP LTD COM g3075p101 3,977 20,938 SH   SOLE   20,938 0 0
ESTEE LAUDER INC COM 518439104 23,890 120,078 SH   SOLE   119,578 500 0
EXXON MOBIL CORP COM 30231g102 3,378 47,841 SH   SOLE   46,541 1,300 0
FACEBOOK INC CL A COM 30303m102 269 1,509 SH   SOLE   1,509 0 0
GAMCO INVS INC COM 361438104 2,144 109,682 SH   SOLE   109,682 0 0
GAMING & LEISURE INC COM 36467j108 10,622 277,785 SH   SOLE   277,285 500 0
GOLDMAN SACHS INC COM 38141g104 39,628 191,227 SH   SOLE   190,752 475 0
HOME BANCSHARES INC COM 436893200 45,094 2,399,275 SH   SOLE   2,394,025 5,250 0
HOME DEPOT INC COM 437076102 266 1,147 SH   SOLE   1,147 0 0
HUMANA INC COM 444859102 557 2,180 SH   SOLE   2,180 0 0
ILLINOIS TOOL WORKS INC COM 452308109 215 1,376 SH   SOLE   1,376 0 0
INTUIT COM 461202103 526 1,979 SH   SOLE   1,979 0 0
JEFFERIES FINANCIAL GROUP INC COM 47233W109 3,828 208,045 SH   SOLE   207,045 1,000 0
JOHNSON AND JOHNSON COM 478160104 32,822 253,690 SH   SOLE   253,340 350 0
JPMORGAN CHASE & CO COM 46625h100 22,190 188,547 SH   SOLE   186,095 2,452 0
KIMBERLY-CLARK CORP COM 494368103 201 1,413 SH   SOLE   1,413 0 0
KOHLBERG KRAVIS ROBERTS & CO. COM 48251W104 999 37,225 SH   SOLE   37,225 0 0
LAS VEGAS SANDS CORP COM 517834107 721 12,479 SH   SOLE   12,479 0 0
LIBERTY MEDIA CORP SERIES C LI COM 531229607 10,207 243,261 SH   SOLE   243,261 0 0
LILLY ELI & CO COM 532457108 247 2,212 SH   SOLE   2,212 0 0
LIVE NATION ENTMT COM 538034109 6,514 98,190 SH   SOLE   98,190 0 0
MARKEL CORP COM COM 570535104 87,210 73,788 SH   SOLE   73,538 250 0
MASTERCARD INC. COM 57636q104 264 973 SH   SOLE   973 0 0
MC DONALDS CORP COM 580135101 1,542 7,182 SH   SOLE   7,182 0 0
MERCK & CO INC COM 58933y105 437 5,194 SH   SOLE   5,194 0 0
MGM MIRAGE COM 552953101 8,216 296,410 SH   SOLE   296,410 0 0
MICROSOFT CORP COM 594918104 1,359 9,778 SH   SOLE   9,778 0 0
MICROVISION INC WASH COM 594960304 14 24,000 SH   SOLE   24,000 0 0
MONDELEZ INTL CLASS A COM 609207105 367 6,635 SH   SOLE   6,635 0 0
MOODY'S CORP COM 615369105 36,675 179,053 SH   SOLE   178,478 575 0
NIKE INC CL B COM 654106103 23,887 254,334 SH   SOLE   254,334 0 0
O'REILLY AUTOMOTIVE INC COM 67103h107 5,293 13,283 SH   SOLE   13,283 0 0
PACWEST BANCORP COM 695263103 16,843 463,497 SH   SOLE   463,497 0 0
PEPSICO INC COM 713448108 23,511 171,488 SH   SOLE   171,088 400 0
PFIZER INCORPORATED COM 717081103 475 13,232 SH   SOLE   13,232 0 0
PHILIP MORRIS INTL INC COM 718172109 296 3,900 SH   SOLE   3,900 0 0
PNC FINANCIAL SRVCS COM 693475105 1,159 8,272 SH   SOLE   7,172 1,100 0
PROCTER & GAMBLE COM 742718109 3,712 29,846 SH   SOLE   29,846 0 0
SCHWAB CHARLES CORP COM 808513105 28,651 684,935 SH   SOLE   682,935 2,000 0
SEACOAST BK CORP FLA COM 811707801 1,219 48,150 SH   SOLE   48,150 0 0
SPDR S&P 500 ETF COM 78462f103 337 1,134 SH   SOLE   1,134 0 0
STARBUCKS CORP COM 855244109 237 2,677 SH   SOLE   2,677 0 0
T ROWE PRICE GROUP INC COM 74144t108 15,470 135,402 SH   SOLE   135,202 200 0
TIFFANY & CO NEW COM 886547108 18,070 195,073 SH   SOLE   194,673 400 0
UNITED PARCEL SRVC CL B COM 911312106 757 6,314 SH   SOLE   6,314 0 0
UNITED TECHNOLOGIES COM 913017109 798 5,844 SH   SOLE   5,844 0 0
US BANCORP DEL COM 902973304 492 8,886 SH   SOLE   8,886 0 0
VISA INC COM CLASS A COM 92826C839 336 1,951 SH   SOLE   1,951 0 0
VORNADO REALTY TRUST COM 929042109 20,158 316,596 SH   SOLE   315,846 750 0
WAL-MART STORES INC COM 931142103 277 2,334 SH   SOLE   2,334 0 0
WALT DISNEY CO COM 254687106 4,392 33,698 SH   SOLE   33,698 0 0
WELLS FARGO & CO COM 949746101 23,043 456,845 SH   SOLE   454,845 2,000 0
WINTRUST FINANCIAL COM 97650w108 1,287 19,908 SH   SOLE   19,908 0 0
WYNN RESORTS LTD COM 983134107 24,867 228,727 SH   SOLE   228,002 725 0