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
3M COMPANY COM 88579y101 303 1,523 SH   SOLE   1,523 0 0
ABBOTT LABORATORIES COM 002824100 548 4,726 SH   SOLE   4,726 0 0
ABBVIE INC COM 00287y109 603 5,351 SH   SOLE   5,351 0 0
ACCENTURE PLC COM g1151c101 280 950 SH   SOLE   950 0 0
ADOBE SYS COM 00724f101 230 393 SH   SOLE   393 0 0
ALPHABET INC SHS CL A COM 02079k305 35,211 14,420 SH   SOLE   14,420 0 0
ALPHABET INC SHS CL C COM 02079k107 75,265 30,030 SH   SOLE   29,905 125 0
ALTRIA GROUP INC COM 02209s103 293 6,147 SH   SOLE   6,147 0 0
AMAZON.COM INC COM 023135106 48,998 14,243 SH   SOLE   14,203 40 0
AMERICAN EXPRESS CO COM 025816109 31,626 191,407 SH   SOLE   190,432 975 0
AMERICAN TOWER CORP COM 03027x100 26,001 96,249 SH   SOLE   96,049 200 0
ANNALY CAP MGMT INC COM 035710409 222 25,000 SH   SOLE   25,000 0 0
APPLE INC COM 037833100 29,065 212,219 SH   SOLE   212,219 0 0
AT & T CORP NEW COM 001957505 323 11,233 SH   SOLE   11,233 0 0
AUTOMATIC DATA PROCESS COM 053015103 270 1,360 SH   SOLE   1,360 0 0
BECTON DICKINSON & CO COM 075887109 249 1,022 SH   SOLE   1,022 0 0
BERKSHIRE HATHAWAY A COM 084670108 13,814 33 SH   SOLE   33 0 0
BERKSHIRE HATHAWAY B COM 084670702 170,016 611,743 SH   SOLE   609,493 2,250 0
BLACKSTONE GROUP INC COM 09260d107 67,803 697,995 SH   SOLE   696,095 1,900 0
BOEING CO COM 097023105 317 1,322 SH   SOLE   1,322 0 0
BOOKING HOLDING INC COM 09857L108 21,489 9,821 SH   SOLE   9,779 42 0
BRISTOL-MYERS SQUIBB COM 110122108 314 4,700 SH   SOLE   4,700 0 0
BROOKFIELD ASSET MGMT COM 112585104 39,978 784,187 SH   SOLE   782,087 2,100 0
BROOKFIELD ASSET MGMT REINSURA COM g16169107 278 5,337 SH   SOLE   5,323 14 0
CARMAX INC COM 143130102 37,628 291,355 SH   SOLE   291,005 350 0
CASCADE ACQUISITION CORP COM 147151104 188 19,000 SH   SOLE   19,000 0 0
CHARTER COMMUNICATIONS COM 16119P108 3,336 4,624 SH   SOLE   4,624 0 0
CHEVRON CORPORATION COM 166764100 880 8,400 SH   SOLE   8,400 0 0
CHURCHILL DOWNS COM 171484108 2,900 14,625 SH   SOLE   14,625 0 0
CINTAS CORP COM 172908105 344 900 SH   SOLE   900 0 0
COCA COLA COM COM 191216100 2,034 37,596 SH   SOLE   37,596 0 0
COMCAST CORP CLASS A COM 20030n101 325 5,691 SH   SOLE   5,691 0 0
COSTCO WHOLESALE CO COM 22160k105 3,678 9,295 SH   SOLE   9,295 0 0
DIAMOND HILL INVT CL A COM 25264r207 7,710 46,081 SH   SOLE   46,081 0 0
DOUGLAS EMMETT INC COM 25960p109 17,995 535,260 SH   SOLE   533,510 1,750 0
EATON VANCE T/M BUY-WRT OPPS COM 27828Y108 255 15,690 SH   SOLE   15,690 0 0
EMERSON ELEC CO COM 291011104 229 2,376 SH   SOLE   2,376 0 0
ENSTAR GROUP LTD COM g3075p101 249 1,042 SH   SOLE   1,042 0 0
ESTEE LAUDER INC COM 518439104 41,913 131,769 SH   SOLE   131,269 500 0
EXXON MOBIL CORP COM 30231g102 2,214 35,097 SH   SOLE   33,797 1,300 0
FACEBOOK INC CL A COM 30303m102 954 2,744 SH   SOLE   2,744 0 0
FEDEX CORPORATION COM 31428x106 298 1,000 SH   SOLE   1,000 0 0
GAMING & LEISURE INC COM 36467j108 4,024 86,861 SH   SOLE   86,861 0 0
GOLDMAN SACHS INC COM 38141g104 77,416 203,980 SH   SOLE   203,430 550 0
HERSHEY FOODS CORP COM 427866108 311 1,786 SH   SOLE   1,786 0 0
HOME BANCSHARES INC COM 436893200 51,520 2,087,531 SH   SOLE   2,083,281 4,250 0
HOME DEPOT INC COM 437076102 615 1,927 SH   SOLE   1,927 0 0
HUMANA INC COM 444859102 655 1,480 SH   SOLE   1,480 0 0
ILLINOIS TOOL WORKS INC COM 452308109 285 1,276 SH   SOLE   1,276 0 0
INTEL CORP COM 458140100 349 6,225 SH   SOLE   6,225 0 0
INTUIT COM 461202103 989 2,018 SH   SOLE   2,018 0 0
JOHNSON AND JOHNSON COM 478160104 36,130 219,314 SH   SOLE   218,964 350 0
JPMORGAN CHASE & CO COM 46625h100 36,694 235,914 SH   SOLE   233,462 2,452 0
KIMBERLY-CLARK CORP COM 494368103 201 1,500 SH   SOLE   1,500 0 0
KKR & CO COM 48251W104 2,004 33,825 SH   SOLE   33,825 0 0
LILLY ELI & CO COM 532457108 967 4,212 SH   SOLE   4,212 0 0
LIVE NATION ENTMT COM 538034109 7,966 90,946 SH   SOLE   90,946 0 0
MARATHON PETE CORP COM 56585a102 240 3,972 SH   SOLE   3,972 0 0
MARKEL CORP COM COM 570535104 89,341 75,285 SH   SOLE   75,035 250 0
MASTERCARD INC COM 57636q104 20,788 56,940 SH   SOLE   56,940 0 0
MC DONALDS CORP COM 580135101 1,676 7,256 SH   SOLE   7,256 0 0
MERCK & CO INC COM 58933y105 534 6,871 SH   SOLE   6,871 0 0
MICROSOFT CORP COM 594918104 3,385 12,494 SH   SOLE   12,494 0 0
MICROVISION INC WASH COM 594960304 435 26,000 SH   SOLE   26,000 0 0
MONDELEZ INTL CLASS A COM 609207105 513 8,218 SH   SOLE   8,218 0 0
MOODY'S CORP COM 615369105 61,689 170,238 SH   SOLE   169,663 575 0
NIKE INC CL B COM 654106103 58,358 377,749 SH   SOLE   376,899 850 0
NVIDIA CORP COM 67066g104 454 568 SH   SOLE   568 0 0
O'REILLY AUTOMOTIVE INC COM 67103h107 10,029 17,713 SH   SOLE   17,713 0 0
PACWEST BANCORP COM 695263103 18,233 442,982 SH   SOLE   442,982 0 0
PAYPAL HOLDINGS INC COM 70450Y103 315 1,079 SH   SOLE   1,079 0 0
PEPSICO INC COM 713448108 20,756 140,080 SH   SOLE   139,680 400 0
PERSHING SQUARE TONTINE HLDGS COM 71531r109 205 9,000 SH   SOLE   9,000 0 0
PFIZER INCORPORATED COM 717081103 601 15,356 SH   SOLE   15,356 0 0
PHILIP MORRIS INTL INC COM 718172109 689 6,950 SH   SOLE   6,950 0 0
PNC FINANCIAL SRVCS COM 693475105 1,429 7,492 SH   SOLE   6,392 1,100 0
PROCTER & GAMBLE COM 742718109 3,888 28,818 SH   SOLE   28,818 0 0
RAND WORLDWIDE INC COM 752246108 211 14,000 SH   SOLE   14,000 0 0
RAYTHEON TECH CORP COM 75513E101 362 4,247 SH   SOLE   4,247 0 0
ROCKWELL AUTOMATION COM 773903109 7,219 25,241 SH   SOLE   25,241 0 0
SCHWAB CHARLES CORP COM 808513105 43,202 593,357 SH   SOLE   591,357 2,000 0
SEACOAST BK CORP FLA COM 811707801 2,396 70,150 SH   SOLE   70,150 0 0
SHERWIN WILLIAMS CO COM 824348106 4,166 15,291 SH   SOLE   15,291 0 0
SHOPIFY INC COM 82509l107 270 185 SH   SOLE   185 0 0
SIRIUS XM RADIO INC COM 82968b103 9,858 1,507,308 SH   SOLE   1,507,308 0 0
SPDR S&P 500 ETF COM 78462f103 5,540 12,942 SH   SOLE   12,942 0 0
STARBUCKS CORP COM 855244109 275 2,461 SH   SOLE   2,461 0 0
STOCK YARD BANCORP INC COM 861025104 659 12,956 SH   SOLE   12,956 0 0
T ROWE PRICE GROUP INC COM 74144t108 27,739 140,117 SH   SOLE   139,917 200 0
TARGET CORPORATION COM 87612e106 224 925 SH   SOLE   925 0 0
TESLA MOTORS INC COM 88160R101 1,574 2,315 SH   SOLE   2,315 0 0
TEXAS PACIFIC LAND CORP COM 88262P102 240 150 SH   SOLE   150 0 0
UNION PAC CORP COM 907818108 318 1,446 SH   SOLE   1,446 0 0
UNITED PARCEL SRVC CL B COM 911312106 963 4,631 SH   SOLE   4,631 0 0
US BANCORP DEL COM 902973304 424 7,448 SH   SOLE   7,448 0 0
VERIZON COMM INC COM 92343V104 646 11,523 SH   SOLE   11,523 0 0
VISA INC COM CLASS A COM 92826C839 712 3,046 SH   SOLE   3,046 0 0
VORNADO REALTY TRUST COM 929042109 11,480 245,992 SH   SOLE   245,342 650 0
WAL-MART STORES INC COM 931142103 926 6,565 SH   SOLE   6,565 0 0
WALT DISNEY CO COM 254687106 40,101 228,146 SH   SOLE   227,521 625 0
WELLS FARGO & CO COM 949746101 5,096 112,519 SH   SOLE   110,519 2,000 0
WINTRUST FINANCIAL COM 97650w108 694 9,175 SH   SOLE   9,175 0 0
WYNN RESORTS LTD COM 983134107 22,273 182,120 SH   SOLE   181,595 525 0