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
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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
Amazon COM 023135106 7,863 2,850 SH   SOLE   2,850 0 0
Apple, Inc. COM 037833100 30,096 82,500 SH   SOLE   82,500 0 0
Berkshire Hathaway Inc. Class A CLA 084670108 12,029 45 SH   SOLE   45 0 0
Brandywine Realty Trust SH BEN 105368203 17,370 1,595,000 SH   SOLE   1,595,000 0 0
East West Bancorp, Inc. COM 27579R104 4,149 114,500 SH   SOLE   114,500 0 0
Facebook, Inc. CLA 30303M102 22,139 97,500 SH   SOLE   97,500 0 0
Federal National Mortgage Association COM 313586109 1,009 465,000 SH   SOLE   465,000 0 0
FedEx Corporation COM 31428X106 18,930 135,000 SH   SOLE   135,000 0 0
Federal Agric Mtg Corp CLA 313148108 4,521 80,600 SH   SOLE   80,600 0 0
Federal Agric Mtg Corp CLC 313148306 9,489 148,250 SH   SOLE   148,250 0 0
Goldman Sachs Group, Inc. COM 38141G104 33,793 171,000 SH   SOLE   171,000 0 0
Insperity, Inc. COM 45778Q107 2,622 40,500 SH   SOLE   40,500 0 0
Interface, Inc. COM 458665304 2,328 286,000 SH   SOLE   286,000 0 0
JP Morgan Chase & Co COM 46625H100 15,520 165,000 SH   SOLE   165,000 0 0
KKR & Co. LP CLA 48251W104 18,219 590,000 SH   SOLE   590,000 0 0
Kansas City Southern COM 485170302 18,661 125,000 SH   SOLE   125,000 0 0
Mastercard Inc. CLA 57636Q104 5,027 17,000 SH   SOLE   17,000 0 0
Polaris Industries, Inc. COM 731068102 19,898 215,000 SH   SOLE   215,000 0 0