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 202,013 69,731 SH   SOLE 0 69,731 0 0
AMERICAN EXPRESS CO COM 025816109 8,473 51,794 SH   SOLE 0 51,794 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 202,880 678,527 SH   SOLE 0 678,527 0 0
BOOKING HLDGS INC COM 09857L108 164,973 68,761 SH   SOLE 0 68,761 0 0
CISCO SYS INC COM 17275R102 96,489 1,522,627 SH   SOLE 0 1,522,627 0 0
COMCAST CORP NEW CL A 20030N101 137,859 2,739,100 SH   SOLE 0 2,739,100 0 0
MASTERCARD INCORPORATED CL A 57636Q104 53,526 148,964 SH   SOLE 0 148,964 0 0
NEWS CORP NEW CL A 65249B109 92,228 4,133,909 SH   SOLE 0 4,133,909 0 0
NEWS CORP NEW CL B 65249B208 47,047 2,090,962 SH   SOLE 0 2,090,962 0 0
ORACLE CORP COM 68389X105 76,973 882,616 SH   SOLE 0 882,616 0 0
PROGRESSIVE CORP OHIO COM 743315103 116,911 1,138,930 SH   SOLE 0 1,138,930 0 0
QURATE RETAIL INC COM SER A 74915M100 52,030 6,846,096 SH   SOLE 0 6,846,096 0 0
STATE STR CORP COM 857477103 179,177 1,926,637 SH   SOLE 0 1,926,637 0 0
TEXAS INSTRS INC COM 882508104 120,503 639,377 SH   SOLE 0 639,377 0 0
VISA INC COM CL A 92826C839 197,739 912,457 SH   SOLE 0 912,457 0 0