Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/A	BERKSHIRE HATHAWAY INC DEL	1,899	$464M	18.8%	$244121.12	—	—	CL A	084670108
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,948,207	$318M	12.9%	$162.98	—	—	CL B NEW	084670702
WFC	WELLS FARGO & CO NEW	2,433,849	$134M	5.4%	$55.11	—	—	COM	949746101
KMX	CARMAX INC	1,859,150	$120M	4.9%	$64.39	—	—	COM	143130102
LUV	SOUTHWEST AIRLS CO	1,625,700	$81.03M	3.3%	$49.84	—	—	COM	844741108
ATI	ALLEGHENY TECHNOLOGIES INC	5,076,048	$80.86M	3.3%	$15.93	—	—	COM	01741R102
RHP	RYMAN HOSPITALITY PPTYS INC	1,189,100	$74.92M	3.0%	$63.01	—	—	COM	78377T107
GNRC	GENERAC HLDGS INC	1,679,147	$68.41M	2.8%	$40.74	—	—	COM	368736104
CAT	CATERPILLAR INC DEL	600,000	$55.64M	2.3%	$92.74	—	—	Put	149123101
—	HOUGHTON MIFFLIN HARCOURT CO	5,042,673	$54.71M	2.2%	$10.85	—	—	COM	44157R109
—	PANDORA MEDIA INC	4,171,700	$54.4M	2.2%	$13.04	—	—	COM	698354107
GIII	G-III APPAREL GROUP LTD	1,792,046	$52.97M	2.1%	$29.56	—	—	COM	36237H101
GLD	SPDR GOLD TRUST	465,768	$51.05M	2.1%	$109.61	—	—	GOLD SHS	78463V107
BRK/B	BERKSHIRE HATHAWAY INC DEL	300,000	$48.89M	2.0%	$162.98	—	—	Call	084670702
PRAA	PRA GROUP INC	1,199,640	$46.91M	1.9%	$39.10	—	—	COM	69354N106
LAMR	LAMAR ADVERTISING CO NEW	694,200	$46.68M	1.9%	$67.24	—	—	CL A	512816109
WMT	WAL-MART STORES INC	526,700	$36.41M	1.5%	$69.12	—	—	COM	931142103
MS	MORGAN STANLEY	819,900	$34.64M	1.4%	$42.25	—	—	COM NEW	617446448
—	LAREDO PETROLEUM INC	2,434,700	$34.43M	1.4%	$14.14	—	—	COM	516806106
—	SANTANDER CONSUMER USA HDG I	2,482,200	$33.51M	1.4%	$13.50	—	—	COM	80283M101
BAC	BANK AMER CORP	1,500,000	$33.15M	1.3%	$22.10	—	—	COM	060505104
AXP	AMERICAN EXPRESS CO	391,900	$29.03M	1.2%	$74.08	—	—	COM	025816109
WFC	WELLS FARGO & CO NEW	500,000	$27.55M	1.1%	$55.11	—	—	Call	949746101
TJX	TJX COS INC NEW	324,400	$24.37M	1.0%	$75.13	—	—	COM	872540109
—	BED BATH & BEYOND INC	595,200	$24.19M	1.0%	$40.64	—	—	COM	075896100
CSCO	CISCO SYS INC	777,400	$23.49M	1.0%	$30.22	—	—	COM	17275R102
COP	CONOCOPHILLIPS	415,700	$20.84M	0.8%	$50.14	—	—	COM	20825C104
MU	MICRON TECHNOLOGY INC	948,069	$20.78M	0.8%	$21.92	—	—	COM	595112103
COST	COSTCO WHSL CORP NEW	129,500	$20.73M	0.8%	$160.11	—	—	COM	22160K105
—	EXPRESS SCRIPTS HLDG CO	300,000	$20.64M	0.8%	$68.79	—	—	Put	30219G108
—	WALGREENS BOOTS ALLIANCE INC	248,500	$20.57M	0.8%	$82.76	—	—	COM	931427108
MHK	MOHAWK INDS INC	99,200	$19.81M	0.8%	$199.68	—	—	COM	608190104
—	DSW INC	825,500	$18.7M	0.8%	$22.65	—	—	CL A	23334L102
SLB	SCHLUMBERGER LTD	207,100	$17.39M	0.7%	$83.95	—	—	COM	806857108
—	KAPSTONE PAPER & PACKAGING C	753,080	$16.61M	0.7%	$22.05	—	—	COM	48562P103
FNF	FIDELITY NATIONAL FINANCIAL	485,999	$16.5M	0.7%	$33.96	—	—	FNF GROUP COM	31620R303
DAL	DELTA AIR LINES INC DEL	323,900	$15.93M	0.6%	$49.19	—	—	COM NEW	247361702
RRC	RANGE RES CORP	434,300	$14.92M	0.6%	$34.36	—	—	COM	75281A109
LYB	LYONDELLBASELL INDUSTRIES N	167,700	$14.38M	0.6%	$85.78	—	—	SHS - A -	N53745100
DE	DEERE & CO	132,781	$13.68M	0.6%	$103.04	—	—	COM	244199105
BABA	ALIBABA GROUP HLDG LTD	150,000	$13.17M	0.5%	$87.81	—	—	Put	01609W102
AAPL	APPLE INC	99,200	$11.49M	0.5%	$115.82	—	—	COM	037833100
FLEX	FLEX LTD	796,900	$11.45M	0.5%	$14.37	—	—	ORD	Y2573F102
—	HAWAIIAN HOLDINGS INC	196,100	$11.18M	0.5%	$57.00	—	—	COM	419879101
HAL	HALLIBURTON CO	195,400	$10.57M	0.4%	$54.09	—	—	COM	406216101
—	ASA GOLD AND PRECIOUS MTLS L	912,296	$10.07M	0.4%	$11.04	—	—	SHS	G3156P103
XOM	EXXON MOBIL CORP	96,925	$8.748M	0.4%	$90.26	—	—	COM	30231G102
TER	TERADYNE INC	335,700	$8.527M	0.3%	$25.40	—	—	COM	880770102
CDE	COEUR MNG INC	935,000	$8.499M	0.3%	$9.09	—	—	COM NEW	192108504
—	PANDORA MEDIA INC	557,600	$7.271M	0.3%	$13.04	—	—	Call	698354107
—	SMITH & WESSON HLDG CORP	326,000	$6.872M	0.3%	$21.08	—	—	COM	831756101
F	FORD MTR CO DEL	554,700	$6.729M	0.3%	$12.13	—	—	COM PAR $0.01	345370860
—	BROOKFIELD ASSET MGMT INC	191,000	$6.305M	0.3%	$33.01	—	—	CL A LTD VT SH	112585104
—	HORNBECK OFFSHORE SVCS INC N	806,300	$5.821M	0.2%	$7.22	—	—	COM	440543106
ATI	ALLEGHENY TECHNOLOGIES INC	300,000	$4.779M	0.2%	$15.93	—	—	Call	01741R102
RL	RALPH LAUREN CORP	50,000	$4.516M	0.2%	$90.32	—	—	Put	751212101
—	TWITTER INC	250,000	$4.075M	0.2%	$16.30	—	—	Call	90184L102
—	COACH INC	100,000	$3.502M	0.1%	$35.02	—	—	Put	189754104
FXI	ISHARES TR	100,000	$3.471M	0.1%	$34.71	—	—	Put	464287184
—	NAVIOS MARITIME HOLDINGS INC	2,200,200	$3.102M	0.1%	$1.41	—	—	COM	Y62196103
GME	GAMESTOP CORP NEW	95,700	$2.417M	0.1%	$25.26	—	—	CL A	36467W109
—	GOLDCORP INC NEW	161,800	$2.2M	0.1%	$13.60	—	—	COM	380956409
—	UNITED STATES STL CORP NEW	50,000	$1.651M	0.1%	$33.02	—	—	Call	912909108
—	UNITED STATES STL CORP NEW	48,800	$1.611M	0.1%	$33.01	—	—	COM	912909108
—	VALEANT PHARMACEUTICALS INTL	100,000	$1.452M	0.1%	$14.52	—	—	Put	91911K102
—	WEST MARINE INC	112,100	$1.174M	0.0%	$10.47	—	—	COM	954235107