Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/A	BERKSHIRE HATHAWAY INC DEL	1,913	$414M	15.8%	$216220.07	—	—	CL A	084670108
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,271,723	$328M	12.6%	$144.47	—	—	CL B NEW	084670702
—	PANDORA MEDIA INC	7,550,100	$108M	4.1%	$14.33	—	—	COM	698354107
WFC	WELLS FARGO & CO NEW	2,433,849	$108M	4.1%	$44.28	—	—	COM	949746101
KMX	CARMAX INC	1,783,156	$95.13M	3.6%	$53.35	—	—	COM	143130102
ATI	ALLEGHENY TECHNOLOGIES INC	4,796,700	$86.68M	3.3%	$18.07	—	—	COM	01741R102
—	HOUGHTON MIFFLIN HARCOURT CO	5,927,993	$79.49M	3.0%	$13.41	—	—	COM	44157R109
—	LAREDO PETROLEUM INC	5,436,300	$70.13M	2.7%	$12.90	—	—	COM	516806106
GNRC	GENERAC HLDGS INC	1,900,000	$68.97M	2.6%	$36.30	—	—	COM	368736104
BRK/B	BERKSHIRE HATHAWAY INC DEL	465,100	$67.19M	2.6%	$144.47	—	—	Call	084670702
LUV	SOUTHWEST AIRLS CO	1,638,800	$63.73M	2.4%	$38.89	—	—	COM	844741108
GLD	SPDR GOLD TRUST	469,568	$59M	2.3%	$125.64	—	—	GOLD SHS	78463V107
RHP	RYMAN HOSPITALITY PPTYS INC	1,198,600	$57.73M	2.2%	$48.16	—	—	COM	78377T107
LAMR	LAMAR ADVERTISING CO NEW	699,800	$45.7M	1.8%	$65.31	—	—	CL A	512816109
CMG	CHIPOTLE MEXICAN GRILL INC	100,000	$42.35M	1.6%	$423.50	—	—	Put	169656105
PRAA	PRA GROUP INC	1,203,700	$41.58M	1.6%	$34.54	—	—	COM	69354N106
FNF	FIDELITY NATIONAL FINANCIAL	1,039,899	$38.38M	1.5%	$36.91	—	—	FNF GROUP COM	31620R303
GPRE	GREEN PLAINS INC	1,400,000	$36.68M	1.4%	$26.20	—	—	COM	393222104
—	UNITED STATES STL CORP NEW	1,652,300	$31.16M	1.2%	$18.86	—	—	Call	912909108
—	SANTANDER CONSUMER USA HDG I	2,502,200	$30.43M	1.2%	$12.16	—	—	COM	80283M101
WMT	WAL-MART STORES INC	380,900	$27.47M	1.1%	$72.12	—	—	COM	931142103
FLEX	FLEX LTD	2,003,300	$27.29M	1.0%	$13.62	—	—	ORD	Y2573F102
ANF	ABERCROMBIE & FITCH CO	1,700,000	$27.01M	1.0%	$15.89	—	—	Put	002896207
MS	MORGAN STANLEY	826,500	$26.5M	1.0%	$32.06	—	—	COM NEW	617446448
—	BED BATH & BEYOND INC	608,000	$26.21M	1.0%	$43.11	—	—	COM	075896100
AXP	AMERICAN EXPRESS CO	395,500	$25.33M	1.0%	$64.04	—	—	COM	025816109
TJX	TJX COS INC NEW	327,000	$24.45M	0.9%	$74.78	—	—	COM	872540109
—	EXPRESS SCRIPTS HLDG CO	300,000	$21.16M	0.8%	$70.53	—	—	Put	30219G108
—	EXPRESS SCRIPTS HLDG CO	300,000	$21.16M	0.8%	$70.53	—	—	Call	30219G108
—	TESORO CORP	259,300	$20.63M	0.8%	$79.56	—	—	COM	881609101
—	CHEMTURA CORP	626,306	$20.55M	0.8%	$32.81	—	—	COM NEW	163893209
—	WALGREENS BOOTS ALLIANCE INC	250,500	$20.2M	0.8%	$80.62	—	—	COM	931427108
COST	COSTCO WHSL CORP NEW	130,600	$19.92M	0.8%	$152.51	—	—	COM	22160K105
COP	CONOCOPHILLIPS	418,900	$18.21M	0.7%	$43.47	—	—	COM	20825C104
GIII	G-III APPAREL GROUP LTD	600,000	$17.49M	0.7%	$29.15	—	—	COM	36237H101
—	PANDORA MEDIA INC	1,207,600	$17.3M	0.7%	$14.33	—	—	Call	698354107
XOM	EXXON MOBIL CORP	195,450	$17.06M	0.7%	$87.28	—	—	COM	30231G102
—	DSW INC	832,100	$17.04M	0.7%	$20.48	—	—	CL A	23334L102
MU	MICRON TECHNOLOGY INC	955,769	$16.99M	0.7%	$17.78	—	—	COM	595112103
RRC	RANGE RES CORP	437,800	$16.96M	0.6%	$38.75	—	—	COM	75281A109
SLB	SCHLUMBERGER LTD	208,800	$16.42M	0.6%	$78.64	—	—	COM	806857108
RL	RALPH LAUREN CORP	148,400	$15.01M	0.6%	$101.14	—	—	Put	751212101
—	KAPSTONE PAPER & PACKAGING C	774,880	$14.66M	0.6%	$18.92	—	—	COM	48562P103
—	COACH INC	400,000	$14.62M	0.6%	$36.56	—	—	Put	189754104
LYB	LYONDELLBASELL INDUSTRIES N	169,000	$13.63M	0.5%	$80.66	—	—	SHS - A -	N53745100
—	ASA GOLD AND PRECIOUS MTLS L	912,296	$13.49M	0.5%	$14.79	—	—	SHS	G3156P103
CAT	CATERPILLAR INC DEL	150,000	$13.32M	0.5%	$88.77	—	—	Put	149123101
DAL	DELTA AIR LINES INC DEL	326,500	$12.85M	0.5%	$39.36	—	—	COM NEW	247361702
CDE	COEUR MNG INC	942,500	$11.15M	0.4%	$11.83	—	—	COM NEW	192108504
BABA	ALIBABA GROUP HLDG LTD	100,000	$10.58M	0.4%	$105.79	—	—	Put	01609W102
TSLA	TESLA MTRS INC	50,000	$10.2M	0.4%	$204.04	—	—	Put	88160R101
TSLA	TESLA MTRS INC	50,000	$10.2M	0.4%	$204.04	—	—	Call	88160R101
UNP	UNION PAC CORP	100,000	$9.753M	0.4%	$97.53	—	—	Put	907818108
—	HAWAIIAN HOLDINGS INC	197,700	$9.608M	0.4%	$48.60	—	—	COM	419879101
CSCO	CISCO SYS INC	287,000	$9.104M	0.3%	$31.72	—	—	COM	17275R102
WFC	WELLS FARGO & CO NEW	200,000	$8.856M	0.3%	$44.28	—	—	Put	949746101
HAL	HALLIBURTON CO	197,000	$8.841M	0.3%	$44.88	—	—	COM	406216101
—	SMITH & WESSON HLDG CORP	330,500	$8.788M	0.3%	$26.59	—	—	COM	831756101
—	RESTORATION HARDWARE HLDGS I	250,000	$8.645M	0.3%	$34.58	—	—	COM	761283100
—	WHOLE FOODS MKT INC	300,000	$8.505M	0.3%	$28.35	—	—	Put	966837106
—	TWITTER INC	366,900	$8.457M	0.3%	$23.05	—	—	Call	90184L102
TER	TERADYNE INC	388,400	$8.382M	0.3%	$21.58	—	—	COM	880770102
—	BROOKFIELD ASSET MGMT INC	192,500	$6.772M	0.3%	$35.18	—	—	CL A LTD VT SH	112585104
F	FORD MTR CO DEL	559,300	$6.751M	0.3%	$12.07	—	—	COM PAR $0.01	345370860
IWM	ISHARES TR	50,000	$6.211M	0.2%	$124.22	—	—	RUSSELL 2000 ETF	464287655
—	VALEANT PHARMACEUTICALS INTL	250,000	$6.138M	0.2%	$24.55	—	—	Put	91911K102
ATI	ALLEGHENY TECHNOLOGIES INC	300,000	$5.421M	0.2%	$18.07	—	—	Call	01741R102
—	BOFI HLDG INC	200,000	$4.48M	0.2%	$22.40	—	—	Call	05566U108
—	HORNBECK OFFSHORE SVCS INC N	812,800	$4.47M	0.2%	$5.50	—	—	COM	440543106
—	VALEANT PHARMACEUTICALS INTL	159,661	$3.92M	0.2%	$24.55	—	—	COM	91911K102
AAL	AMERICAN AIRLS GROUP INC	96,200	$3.522M	0.1%	$36.61	—	—	COM	02376R102
—	GOLDCORP INC NEW	163,100	$2.694M	0.1%	$16.52	—	—	COM	380956409
—	NAVIOS MARITIME HOLDINGS INC	2,211,200	$2.676M	0.1%	$1.21	—	—	COM	Y62196103
GME	GAMESTOP CORP NEW	96,500	$2.662M	0.1%	$27.59	—	—	CL A	36467W109
RL	RALPH LAUREN CORP	21,300	$2.154M	0.1%	$101.13	—	—	Call	751212101
—	BOFI HLDG INC	90,000	$2.016M	0.1%	$22.40	—	—	COM	05566U108
—	UNITED STATES STL CORP NEW	92,500	$1.745M	0.1%	$18.86	—	—	COM	912909108
—	DTS INC	37,000	$1.574M	0.1%	$42.54	—	—	Call	23335C101
—	WEST MARINE INC	113,000	$935K	0.0%	$8.27	—	—	COM	954235107