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 516 4,716 SH   SOLE   4,716 0 0
ABBVIE INC COM 00287y109 493 4,597 SH   SOLE   4,597 0 0
ACCENTURE PLC COM g1151c101 221 845 SH   SOLE   845 0 0
ALPHABET INC SHS CL A COM 02079k305 25,394 14,489 SH   SOLE   14,489 0 0
ALPHABET INC SHS CL C COM 02079k107 52,304 29,856 SH   SOLE   29,731 125 0
AMAZON.COM INC COM 023135106 46,708 14,341 SH   SOLE   14,301 40 0
AMERICAN EXPRESS CO COM 025816109 23,394 193,485 SH   SOLE   192,510 975 0
AMERICAN TOWER CORP COM 03027x100 21,126 94,121 SH   SOLE   93,921 200 0
ANNALY CAP MGMT INC COM 035710409 211 25,000 SH   SOLE   25,000 0 0
APPLE INC COM 037833100 29,041 218,863 SH   SOLE   218,863 0 0
AUTOMATIC DATA PROCESS COM 053015103 216 1,225 SH   SOLE   1,225 0 0
BECTON DICKINSON & CO COM 075887109 235 938 SH   SOLE   938 0 0
BERKSHIRE HATHAWAY A COM 084670108 11,478 33 SH   SOLE   33 0 0
BERKSHIRE HATHAWAY B COM 084670702 144,391 622,726 SH   SOLE   620,476 2,250 0
BLACKSTONE GROUP INC COM 09260d107 46,431 716,418 SH   SOLE   714,518 1,900 0
BOEING CO COM 097023105 297 1,387 SH   SOLE   1,387 0 0
BOOKING HOLDING INC COM 09857L108 26,052 11,697 SH   SOLE   11,655 42 0
BROOKFIELD ASSET MGMT COM 112585104 33,256 805,815 SH   SOLE   803,715 2,100 0
CARMAX INC COM 143130102 28,066 297,117 SH   SOLE   296,767 350 0
CHEVRON CORPORATION COM 166764100 582 6,893 SH   SOLE   6,893 0 0
CHURCHILL DOWNS COM 171484108 3,063 15,725 SH   SOLE   15,725 0 0
CINTAS CORP COM 172908105 318 900 SH   SOLE   900 0 0
CLOROX COM 189054109 207 1,024 SH   SOLE   1,024 0 0
COCA COLA COM COM 191216100 1,800 32,824 SH   SOLE   32,824 0 0
COSTCO WHOLESALE CO COM 22160k105 1,177 3,123 SH   SOLE   3,123 0 0
DIAMOND HILL INVT CL A COM 25264r207 7,356 49,281 SH   SOLE   49,281 0 0
DOUGLAS EMMETT INC COM 25960p109 15,053 515,863 SH   SOLE   514,113 1,750 0
ENSTAR GROUP LTD COM g3075p101 606 2,957 SH   SOLE   2,957 0 0
ESTEE LAUDER INC COM 518439104 35,422 133,071 SH   SOLE   132,571 500 0
EXXON MOBIL CORP COM 30231g102 1,356 32,897 SH   SOLE   31,597 1,300 0
FACEBOOK INC CL A COM 30303m102 736 2,694 SH   SOLE   2,694 0 0
FEDEX CORPORATION COM 31428x106 260 1,000 SH   SOLE   1,000 0 0
GAMING & LEISURE INC COM 36467j108 3,799 89,589 SH   SOLE   89,589 0 0
GOLDMAN SACHS INC COM 38141g104 55,615 210,895 SH   SOLE   210,345 550 0
HERSHEY FOODS CORP COM 427866108 204 1,336 SH   SOLE   1,336 0 0
HOME BANCSHARES INC COM 436893200 39,708 2,038,415 SH   SOLE   2,034,165 4,250 0
HOME DEPOT INC COM 437076102 426 1,602 SH   SOLE   1,602 0 0
HUMANA INC COM 444859102 607 1,480 SH   SOLE   1,480 0 0
ILLINOIS TOOL WORKS INC COM 452308109 260 1,276 SH   SOLE   1,276 0 0
INTUIT COM 461202103 752 1,979 SH   SOLE   1,979 0 0
JOHNSON AND JOHNSON COM 478160104 34,195 217,279 SH   SOLE   216,929 350 0
JPMORGAN CHASE & CO COM 46625h100 25,650 201,857 SH   SOLE   199,405 2,452 0
KKR & CO COM 48251W104 1,370 33,825 SH   SOLE   33,825 0 0
LILLY ELI & CO COM 532457108 373 2,212 SH   SOLE   2,212 0 0
LIVE NATION ENTMT COM 538034109 10,351 140,866 SH   SOLE   140,866 0 0
MARKEL CORP COM COM 570535104 77,037 74,554 SH   SOLE   74,304 250 0
MASTERCARD INC COM 57636q104 20,468 57,344 SH   SOLE   57,344 0 0
MC DONALDS CORP COM 580135101 1,470 6,852 SH   SOLE   6,852 0 0
MERCK & CO INC COM 58933y105 425 5,194 SH   SOLE   5,194 0 0
MICROSOFT CORP COM 594918104 2,436 10,954 SH   SOLE   10,954 0 0
MICROVISION INC WASH COM 594960304 172 32,000 SH   SOLE   32,000 0 0
MONDELEZ INTL CLASS A COM 609207105 382 6,540 SH   SOLE   6,540 0 0
MOODY'S CORP COM 615369105 49,799 171,578 SH   SOLE   171,003 575 0
NIKE INC CL B COM 654106103 53,848 380,629 SH   SOLE   379,779 850 0
NVIDIA CORP COM 67066g104 295 564 SH   SOLE   564 0 0
O'REILLY AUTOMOTIVE INC COM 67103h107 8,060 17,810 SH   SOLE   17,810 0 0
PACWEST BANCORP COM 695263103 14,297 562,869 SH   SOLE   562,869 0 0
PEPSICO INC COM 713448108 21,306 143,670 SH   SOLE   143,270 400 0
PFIZER INCORPORATED COM 717081103 456 12,393 SH   SOLE   12,393 0 0
PHILIP MORRIS INTL INC COM 718172109 323 3,900 SH   SOLE   3,900 0 0
PNC FINANCIAL SRVCS COM 693475105 1,080 7,250 SH   SOLE   6,150 1,100 0
PROCTER & GAMBLE COM 742718109 3,847 27,650 SH   SOLE   27,650 0 0
RAND WORLDWIDE INC COM 752246108 162 12,000 SH   SOLE   12,000 0 0
RAYTHEON TECH CORP COM 75513E101 364 5,092 SH   SOLE   5,092 0 0
ROCKWELL AUTOMATION COM 773903109 6,554 26,130 SH   SOLE   26,130 0 0
SCHWAB CHARLES CORP COM 808513105 33,301 627,855 SH   SOLE   625,855 2,000 0
SEACOAST BK CORP FLA COM 811707801 2,110 71,650 SH   SOLE   71,650 0 0
SHERWIN WILLIAMS CO COM 824348106 3,763 5,120 SH   SOLE   5,120 0 0
SHOPIFY INC COM 82509l107 209 185 SH   SOLE   185 0 0
SIRIUS XM RADIO INC COM 82968b103 9,684 1,520,205 SH   SOLE   1,520,205 0 0
SPDR S&P 500 ETF COM 78462f103 2,948 7,885 SH   SOLE   7,885 0 0
STARBUCKS CORP COM 855244109 303 2,828 SH   SOLE   2,828 0 0
T ROWE PRICE GROUP INC COM 74144t108 21,649 143,002 SH   SOLE   142,802 200 0
TESLA MOTORS INC COM 88160R101 1,754 2,485 SH   SOLE   2,485 0 0
UNION PAC CORP COM 907818108 250 1,200 SH   SOLE   1,200 0 0
UNITED PARCEL SRVC CL B COM 911312106 884 5,251 SH   SOLE   5,251 0 0
US BANCORP DEL COM 902973304 396 8,502 SH   SOLE   8,502 0 0
VISA INC COM CLASS A COM 92826C839 606 2,770 SH   SOLE   2,770 0 0
VORNADO REALTY TRUST COM 929042109 11,072 296,526 SH   SOLE   295,876 650 0
WAL-MART STORES INC COM 931142103 351 2,434 SH   SOLE   2,434 0 0
WALT DISNEY CO COM 254687106 41,640 229,825 SH   SOLE   229,200 625 0
WELLS FARGO & CO COM 949746101 3,536 117,169 SH   SOLE   115,169 2,000 0
WINTRUST FINANCIAL COM 97650w108 861 14,100 SH   SOLE   14,100 0 0
WYNN RESORTS LTD COM 983134107 21,552 191,010 SH   SOLE   190,485 525 0