Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY B	776,670	$112M	13.8%	$111.17	+31.6%	COM	084670702
MKL	MARKEL CORP COM	71,037	$65.98M	8.1%	$523.59	+78.2%	COM	570535104
JNJ	JOHNSON AND JOHNSON	280,751	$33.16M	4.1%	$61.79	+51.5%	COM	478160104
—	EXXON MOBIL CORP COM	360,136	$31.43M	3.9%	$89.39	—	COM	30231g102
—	GOLDMAN SACHS GRP INC	180,908	$29.18M	3.6%	$155.02	—	COM	38141g104
—	ENSTAR GROUP LTD	172,227	$28.33M	3.5%	$133.61	—	COM	g3075p101
SLB	SCHLUMBERGER LTD	329,892	$25.94M	3.2%	$65.08	-6.8%	COM	806857108
WYNN	WYNN RESORTS LTD	258,492	$25.18M	3.1%	$97.41	-10.5%	COM	983134107
PEP	PEPSICO INC	224,159	$24.38M	3.0%	$56.00	+44.8%	COM	713448108
WFC	WELLS FARGO & CO	545,827	$24.17M	3.0%	$28.04	+31.4%	COM	949746101
VNO	VORNADO REALTY TRUST	225,435	$22.82M	2.8%	$83.34	—	COM	929042109
AXP	AMERICAN EXPRESS CO	355,761	$22.78M	2.8%	$61.68	-8.7%	COM	025816109
AMG	AFFILIATED MANAGERS GRP	151,568	$21.93M	2.7%	$150.34	-7.8%	COM	008252108
—	BLACKSTONE GROUP	816,587	$20.85M	2.6%	$27.80	—	COM	09253u108
KO	COCA COLA COM	466,056	$19.72M	2.4%	$27.75	+17.3%	COM	191216100
—	ALPHABET INC CL C	25,059	$19.48M	2.4%	$758.89	—	COM	02079k107
—	DOUGLAS EMMETT INC	519,540	$19.03M	2.3%	$24.95	—	COM	25960p109
—	WHOLE FOODS MARKET, INC.	590,320	$16.74M	2.1%	$36.58	—	COM	966837106
—	TIFFANY & CO NEW	215,089	$15.62M	1.9%	$72.70	—	COM	886547108
NKE	NIKE INC CL B	291,834	$15.37M	1.9%	$41.30	+21.1%	COM	654106103
—	LEUCADIA NATL CORP	766,192	$14.59M	1.8%	$25.26	—	COM	527288104
KMX	CARMAX INC	267,638	$14.28M	1.8%	$50.20	+12.9%	COM	143130102
—	GAMING & LEISURE PPTYS	424,627	$14.2M	1.7%	$42.36	—	COM	36467j108
—	ALPHABET INC CL A	16,815	$13.52M	1.7%	$777.99	—	COM	02079k305
—	JPMORGAN CHASE & CO	199,638	$13.29M	1.6%	$53.76	—	COM	46625h100
—	BROOKFIELD ASSET MGMT	370,435	$13.02M	1.6%	$35.59	—	COM	112585104
GAMI	GAMCO INVS INC	454,716	$12.95M	1.6%	$22.00	+9.0%	COM	361438104
EL	ESTEE LAUDER	138,273	$12.24M	1.5%	$58.22	+38.9%	COM	518439104
AMZN	AMAZON.COM INC.	13,580	$11.37M	1.4%	$28.45	+34.5%	COM	023135106
—	SOUTHERN NATL BANCORP VA	720,694	$9.405M	1.2%	$10.73	—	COM	843395104
BRK/A	BERKSHIRE HATHAWAY A	38	$8.216M	1.0%	$165023.42	+32.9%	COM	084670108
AAPL	APPLE INC	67,376	$7.617M	0.9%	$18.26	+32.7%	COM	037833100
—	REALOGY HLDGS CORP	264,235	$6.833M	0.8%	$40.83	—	COM	75605y106
—	T ROWE PRICE ASSOCIATES	96,658	$6.428M	0.8%	$78.35	—	COM	74144t108
—	PAC WEST BANCORP	142,860	$6.13M	0.8%	$37.90	—	COM	695263103
PG	PROCTER & GAMBLE CO	57,442	$5.155M	0.6%	$55.00	+22.8%	COM	742718109
CHDN	CHURCHILL DOWNS	32,167	$4.708M	0.6%	$17.11	+31.5%	COM	171484108
LVS	LAS VEGAS SANDS CORP	70,093	$4.033M	0.5%	$47.43	-13.7%	COM	517834107
FRFHF	FAIRFAX FINL HLDGS LTD	5,952	$3.485M	0.4%	$321.37	+45.0%	COM	303901102
DIS	DISNEY WALT CO	35,762	$3.321M	0.4%	$58.78	+51.2%	COM	254687106
LYV	LIVE NATION ENT INC	116,350	$3.197M	0.4%	$23.56	+10.7%	COM	538034109
—	AMERICAN TOWER CORP	24,309	$2.755M	0.3%	$89.89	—	COM	03027x100
SBCF	SEACOAST BKG CORP FLA	169,016	$2.719M	0.3%	$11.76	+39.5%	COM	811707801
OXY	OCCIDENTAL PETE CORP	34,521	$2.517M	0.3%	$57.49	-0.2%	COM	674599105
—	COLFAX CORP	69,115	$2.172M	0.3%	$46.93	—	COM	194014106
CVX	CHEVRON CORPORATION	17,557	$1.807M	0.2%	$71.37	-4.1%	COM	166764100
—	OAKTREE CAPITAL GROUP LLC	35,500	$1.505M	0.2%	$42.39	—	COM	674001201
—	WINTRUST FINANCIAL CORP	26,358	$1.465M	0.2%	$48.66	—	COM	97650w108
UPS	UNITED PARCEL SVC	12,510	$1.368M	0.2%	$55.65	+38.8%	COM	911312106
—	HOWARD HUGHES CORP	10,479	$1.2M	0.1%	$112.09	—	COM	44267d107
PNC	PNC FINL SERVICES GP INC	9,400	$847K	0.1%	$48.32	+31.0%	COM	693475105
HUM	HUMANA INC	4,700	$831K	0.1%	$96.33	+66.8%	COM	444859102
MCD	MCDONALDS CORP	6,342	$732K	0.1%	$73.66	+28.4%	COM	580135101
—	UNITED TECHNOLOGIES CP	7,128	$724K	0.1%	$95.69	—	COM	913017109
MCO	MOODY'S CORP	6,350	$688K	0.1%	$81.59	+17.9%	COM	615369105
USB	US BANCORP DEL	15,870	$681K	0.1%	$22.57	+32.8%	COM	902973304
PM	PHILIP MORRIS INTL INC	6,277	$610K	0.1%	$49.50	+25.8%	COM	718172109
WMT	WAL-MART STORES INC	8,400	$606K	0.1%	$20.00	+3.0%	COM	931142103
PFE	PFIZER INC	15,595	$528K	0.1%	$16.79	+32.6%	COM	717081103
COST	COSTCO WHSL CORP NEW	3,450	$526K	0.1%	$86.78	+57.8%	COM	22160K105
BP	BP PLC ADR F SPONSORED ADR 1 A	13,563	$477K	0.1%	$41.38	—	COM	055622104
DHIL	DIAMOND HILL INVESTMENT GROUP	2,500	$462K	0.1%	$41.91	+158.6%	COM	25264R207
—	GENERAL ELECTRIC CO	13,454	$399K	0.0%	$25.43	—	COM	369604103
—	MERCK & CO INC	6,033	$377K	0.0%	$47.83	—	COM	58933y105
—	ANNALY CAP MGMT INC	31,650	$332K	0.0%	$11.87	—	COM	035710409
—	ABBVIE INC	5,111	$322K	0.0%	$42.14	—	COM	00287y109
MDLZ	MONDELEZ INTL INC	7,003	$307K	0.0%	$24.11	+46.1%	COM	609207105
—	FACEBOOK INC	2,375	$305K	0.0%	$106.26	—	COM	30303m102
COP	CONOCOPHILLIPS	6,892	$300K	0.0%	$40.58	-23.3%	COM	20825C104
—	SPECTRA ENERGY CORP	6,718	$287K	0.0%	$30.56	—	COM	847560109
MMM	3 M	1,600	$282K	0.0%	$63.35	+72.4%	COM	88579Y101
SPY	S&P DEPOSITARY RECEIPTS	1,287	$278K	0.0%	$209.89	—	COM	78462F103
MSFT	MICROSOFT CORP	4,812	$277K	0.0%	$35.10	+43.3%	COM	594918104
—	FARMERS CAP BK CORP	9,000	$267K	0.0%	$21.67	—	COM	309562106
ACGP	ASSOCIATED CAPITAL GROUP INC	7,250	$257K	0.0%	$27.05	+5.4%	COM	045528106
—	SPDR GOLD TRUST	2,000	$251K	0.0%	$125.50	—	COM	78463v107
ADP	AUTOMATIC DATA PROCESS	2,600	$229K	0.0%	$67.89	+9.1%	COM	053015103
ABT	ABBOTT LABORATORIES	5,355	$226K	0.0%	$29.31	+23.3%	COM	002824100
—	FDX CORP	1,250	$218K	0.0%	$174.40	—	COM	31428x106
INTU	INTUIT	1,950	$215K	0.0%	$65.01	+60.4%	COM	461202103
—	DU PONT E I DE NEMOURS	3,100	$208K	0.0%	$64.84	—	COM	263534109
—	ALTRIA GROUP INC	3,205	$203K	0.0%	$63.34	—	COM	02209s103
MVIS	MICROVISION INC WASH	10,000	$14,000	0.0%	$1.58	0.0%	COM	594960304