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 385 4,216 SH   SOLE   4,216 0 0
ABBVIE INC COM 00287y109 451 4,597 SH   SOLE   4,597 0 0
AFFILIATED MANAGERS GRP COM 008252108 586 7,860 SH   SOLE   7,860 0 0
ALPHABET INC SHS CL A COM 02079k305 21,522 15,177 SH   SOLE   15,177 0 0
ALPHABET INC SHS CL C COM 02079k107 43,531 30,794 SH   SOLE   30,669 125 0
AMAZON.COM INC COM 023135106 40,924 14,834 SH   SOLE   14,794 40 0
AMERICAN EXPRESS CO COM 025816109 19,224 201,930 SH   SOLE   200,955 975 0
AMERICAN TOWER CORP COM 03027x100 21,423 82,860 SH   SOLE   82,700 160 0
ANNALY CAP MGMT INC COM 035710409 164 25,000 SH   SOLE   25,000 0 0
APPLE INC COM 037833100 20,581 56,418 SH   SOLE   56,418 0 0
BAXTER INTL COM 071813109 211 2,450 SH   SOLE   2,450 0 0
BECTON DICKINSON & CO COM 075887109 224 938 SH   SOLE   938 0 0
BERKSHIRE HATHAWAY A COM 084670108 9,890 37 SH   SOLE   37 0 0
BERKSHIRE HATHAWAY B COM 084670702 117,930 660,634 SH   SOLE   658,134 2,500 0
BLACKSTONE GROUP INC COM 09260d107 42,814 755,637 SH   SOLE   753,737 1,900 0
BOEING CO COM 097023105 254 1,387 SH   SOLE   1,387 0 0
BOOKING HOLDING INC COM 09857L108 21,079 13,238 SH   SOLE   13,196 42 0
BROOKFIELD ASSET MGMT COM 112585104 27,621 839,544 SH   SOLE   837,444 2,100 0
CARMAX INC COM 143130102 28,111 313,909 SH   SOLE   313,559 350 0
CHEVRON CORPORATION COM 166764100 715 8,009 SH   SOLE   8,009 0 0
CHURCHILL DOWNS COM 171484108 2,067 15,525 SH   SOLE   15,525 0 0
CINTAS CORP COM 172908105 266 1,000 SH   SOLE   1,000 0 0
COCA COLA COM COM 191216100 1,667 37,319 SH   SOLE   37,319 0 0
COSTCO WHOLESALE CO COM 22160k105 910 3,001 SH   SOLE   3,001 0 0
DIAMOND HILL INVT CL A COM 25264r207 4,277 37,629 SH   SOLE   37,629 0 0
DOUGLAS EMMETT INC COM 25960p109 15,408 502,554 SH   SOLE   500,804 1,750 0
ENSTAR GROUP LTD COM g3075p101 1,386 9,075 SH   SOLE   9,075 0 0
ESTEE LAUDER INC COM 518439104 26,273 139,244 SH   SOLE   138,744 500 0
EXXON MOBIL CORP COM 30231g102 1,594 35,647 SH   SOLE   34,347 1,300 0
FACEBOOK INC CL A COM 30303m102 451 1,984 SH   SOLE   1,984 0 0
GAMCO INVS INC COM 361438104 396 29,758 SH   SOLE   29,758 0 0
GAMING & LEISURE INC COM 36467j108 3,550 102,594 SH   SOLE   102,594 0 0
GOLDMAN SACHS INC COM 38141g104 40,512 204,999 SH   SOLE   204,449 550 0
HOME BANCSHARES INC COM 436893200 31,375 2,039,997 SH   SOLE   2,035,747 4,250 0
HOME DEPOT INC COM 437076102 301 1,202 SH   SOLE   1,202 0 0
HUMANA INC COM 444859102 651 1,680 SH   SOLE   1,680 0 0
ILLINOIS TOOL WORKS INC COM 452308109 241 1,376 SH   SOLE   1,376 0 0
INTUIT COM 461202103 586 1,979 SH   SOLE   1,979 0 0
JEFFERIES FINANCIAL GROUP INC COM 47233W109 269 17,325 SH   SOLE   17,325 0 0
JOHNSON AND JOHNSON COM 478160104 30,496 216,850 SH   SOLE   216,500 350 0
JPMORGAN CHASE & CO COM 46625h100 17,993 191,297 SH   SOLE   188,845 2,452 0
KKR & CO COM 48251W104 1,140 36,925 SH   SOLE   36,925 0 0
LAS VEGAS SANDS CORP COM 517834107 315 6,927 SH   SOLE   6,927 0 0
LILLY ELI & CO COM 532457108 363 2,212 SH   SOLE   2,212 0 0
LIVE NATION ENTMT COM 538034109 9,652 217,737 SH   SOLE   217,737 0 0
MARKEL CORP COM COM 570535104 70,901 76,802 SH   SOLE   76,552 250 0
MARRIOTT INT'L COM 571903202 366 4,275 SH   SOLE   4,275 0 0
MASTERCARD INC. COM 57636q104 17,318 58,566 SH   SOLE   58,566 0 0
MC DONALDS CORP COM 580135101 1,274 6,904 SH   SOLE   6,904 0 0
MERCK & CO INC COM 58933y105 402 5,194 SH   SOLE   5,194 0 0
MGM MIRAGE COM 552953101 1,173 69,835 SH   SOLE   69,835 0 0
MICROSOFT CORP COM 594918104 2,056 10,101 SH   SOLE   10,101 0 0
MICROVISION INC WASH COM 594960304 33 24,000 SH   SOLE   24,000 0 0
MONDELEZ INTL CLASS A COM 609207105 323 6,309 SH   SOLE   6,309 0 0
MOODY'S CORP COM 615369105 49,102 178,728 SH   SOLE   178,153 575 0
NIKE INC CL B COM 654106103 39,498 402,832 SH   SOLE   401,982 850 0
O'REILLY AUTOMOTIVE INC COM 67103h107 7,767 18,419 SH   SOLE   18,419 0 0
PACWEST BANCORP COM 695263103 11,421 579,467 SH   SOLE   579,467 0 0
PEPSICO INC COM 713448108 20,305 153,520 SH   SOLE   153,120 400 0
PFIZER INCORPORATED COM 717081103 324 9,904 SH   SOLE   9,904 0 0
PHILIP MORRIS INTL INC COM 718172109 273 3,900 SH   SOLE   3,900 0 0
PNC FINANCIAL SRVCS COM 693475105 779 7,400 SH   SOLE   6,300 1,100 0
PROCTER & GAMBLE COM 742718109 3,385 28,312 SH   SOLE   28,312 0 0
RAYTHEON TECH CORP COM 75513E101 368 5,967 SH   SOLE   5,967 0 0
ROCKWELL AUTOMATION COM 773903109 5,624 26,405 SH   SOLE   26,405 0 0
SCHWAB CHARLES CORP COM 808513105 21,752 644,690 SH   SOLE   642,690 2,000 0
SEACOAST BK CORP FLA COM 811707801 1,033 50,650 SH   SOLE   50,650 0 0
SHERWIN WILLIAMS CO COM 824348106 2,959 5,120 SH   SOLE   5,120 0 0
SIRIUS XM RADIO INC COM 82968b103 9,383 1,598,552 SH   SOLE   1,598,552 0 0
SPDR S&P 500 ETF COM 78462f103 5,268 17,084 SH   SOLE   17,084 0 0
STARBUCKS CORP COM 855244109 208 2,828 SH   SOLE   2,828 0 0
T ROWE PRICE GROUP INC COM 74144t108 18,334 148,452 SH   SOLE   148,252 200 0
TESLA MOTORS INC COM 88160R101 393 364 SH   SOLE   364 0 0
UNION PAC CORP COM 907818108 205 1,210 SH   SOLE   1,210 0 0
UNITED PARCEL SRVC CL B COM 911312106 685 6,158 SH   SOLE   6,158 0 0
US BANCORP DEL COM 902973304 328 8,902 SH   SOLE   8,902 0 0
VISA INC COM CLASS A COM 92826C839 388 2,007 SH   SOLE   2,007 0 0
VORNADO REALTY TRUST COM 929042109 15,310 400,680 SH   SOLE   400,030 650 0
WAL-MART STORES INC COM 931142103 292 2,434 SH   SOLE   2,434 0 0
WALT DISNEY CO COM 254687106 26,315 235,985 SH   SOLE   235,360 625 0
WELLS FARGO & CO COM 949746101 10,770 420,720 SH   SOLE   418,720 2,000 0
WINTRUST FINANCIAL COM 97650w108 676 15,490 SH   SOLE   15,490 0 0
WYNN RESORTS LTD COM 983134107 14,771 198,300 SH   SOLE   197,775 525 0