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 CAP STK CL A 02079K305 107,242 61,189 SH   SOLE 0 61,189 0 0
AMERICAN EXPRESS CO COM 025816909 58,589 484,569 SH   SOLE 0 484,569 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 144,780 624,400 SH   SOLE 0 624,400 0 0
BOOKING HLDGS INC COM 09857L108 45,655 20,498 SH   SOLE 0 20,498 0 0
CISCO SYS INC COM 17275R102 102,741 2,295,893 SH   SOLE 0 2,295,893 0 0
COMCAST CORP NEW CL A 20030N101 57,860 1,104,198 SH   SOLE 0 1,104,198 0 0
NEWS CORP NEW CL A 65249B109 25,411 1,414,056 SH   SOLE 0 1,414,056 0 0
NEWS CORP NEW CL B 65249B208 13,009 732,076 SH   SOLE 0 732,076 0 0
ORACLE CORP COM 68389X105 67,914 1,049,830 SH   SOLE 0 1,049,830 0 0
PROGRESSIVE CORP OHIO COM 743315103 85,620 865,901 SH   SOLE 0 865,901 0 0
QURATE RETAIL INC COM SER A 74915M100 47,818 4,358,963 SH   SOLE 0 4,358,963 0 0
STATE STR CORP COM 857477103 123,793 1,700,914 SH   SOLE 0 1,700,914 0 0
TEXAS INSTRS INC COM 882508104 65,123 396,777 SH   SOLE 0 396,777 0 0
VISA INC COM CL A 92826C839 111,624 510,326 SH   SOLE 0 510,326 0 0