Chuck Akre - Akre Capital Management
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    19
Portfolio value:    $6,115,870,825
Holdings Activity Buys Sells    History
History Stock Activity Share change % change to portfolio
Q1 2026
BRK.B - Berkshire Hathaway CL B Reduce 13.13% 1,563 0.01
KKR - KKR & Co. L.P. Reduce 17.12% 1,387,971 1.94
MA - Mastercard Inc. Reduce 24.10% 724,174 4.53
MCO - Moody's Corp. Reduce 28.19% 489,117 2.74
BN - Brookfield Corp. Reduce 36.57% 9,816,556 4.94
V - Visa Inc. Reduce 38.77% 1,037,830 3.99
ABNB - Airbnb Inc. Reduce 41.42% 1,438,770 2.14
ORLY - O'Reilly Automotive Reduce 42.17% 2,834,006 2.83
AMT - American Tower Corp. Reduce 80.11% 204,495 0.39
DHR - Danaher Corp. Sell 100.00% 69,516 0.17
KMX - CarMax Inc. Sell 100.00% 150,600 0.06
Q4 2025
ROP - Roper Technologies Inc. Reduce 4.45% 51,520 0.26
MA - Mastercard Inc. Reduce 4.76% 150,314 0.85
KKR - KKR & Co. L.P. Reduce 6.97% 607,215 0.79
V - Visa Inc. Reduce 9.99% 297,132 1.01
BRK.B - Berkshire Hathaway CL B Reduce 14.89% 2,083 0.01
MCO - Moody's Corp. Reduce 18.11% 383,718 1.82
ORLY - O'Reilly Automotive Reduce 21.98% 1,892,609 2.03
AMT - American Tower Corp. Reduce 42.36% 187,576 0.36
DHR - Danaher Corp. Reduce 92.05% 805,315 1.59
VRSK - Verisk Analytics Inc. Sell 100.00% 8,279 0.02
Q3 2025
BN - Brookfield Corp. Reduce 0.02% 3,349 0.00
CSGP - CoStar Group Inc. Reduce 0.03% 2,747 0.00
KKR - KKR & Co. L.P. Reduce 1.52% 134,300 0.18
VRSK - Verisk Analytics Inc. Reduce 4.17% 360 0.00
MA - Mastercard Inc. Reduce 4.24% 139,692 0.77
V - Visa Inc. Reduce 6.35% 201,480 0.70
MCO - Moody's Corp. Reduce 8.09% 186,475 0.92
ORLY - O'Reilly Automotive Reduce 8.48% 798,286 0.70
ROP - Roper Technologies Inc. Reduce 19.65% 282,795 1.57
DHR - Danaher Corp. Reduce 50.72% 900,569 1.74
AMT - American Tower Corp. Reduce 51.62% 472,406 1.02
Q2 2025
CSGP - CoStar Group Inc. Reduce 0.05% 4,360 0.00
ROP - Roper Technologies Inc. Reduce 0.67% 9,720 0.06
MA - Mastercard Inc. Reduce 1.07% 35,790 0.19
MCO - Moody's Corp. Reduce 5.34% 130,034 0.58
BRK.B - Berkshire Hathaway CL B Reduce 7.84% 1,190 0.01
VRSK - Verisk Analytics Inc. Reduce 14.79% 1,500 0.00
KMX - CarMax Inc. Reduce 26.64% 54,675 0.04
AMT - American Tower Corp. Reduce 64.65% 1,673,943 3.50
DBRG - Digitalbridge Group Inc Sell 100.00% 164,740 0.01
Q1 2025
CSGP - CoStar Group Inc. Reduce 0.00% 288 0.00
BRK.B - Berkshire Hathaway CL B Reduce 0.65% 99 0.00
ROP - Roper Technologies Inc. Reduce 2.21% 32,741 0.15
V - Visa Inc. Reduce 2.95% 96,500 0.26
ORLY - O'Reilly Automotive Reduce 3.50% 31,370 0.32
MA - Mastercard Inc. Reduce 10.06% 372,663 1.70
VRSK - Verisk Analytics Inc. Reduce 10.28% 1,162 0.00
KKR - KKR & Co. L.P. Reduce 13.96% 1,436,000 1.84
MCO - Moody's Corp. Reduce 20.90% 643,469 2.64
AMT - American Tower Corp. Reduce 52.95% 2,914,221 4.62
KMX - CarMax Inc. Reduce 69.24% 462,162 0.33
DBRG - Digitalbridge Group Inc Reduce 78.46% 599,990 0.05
Q4 2024
ROP - Roper Technologies Inc. Reduce 1.17% 17,500 0.08
ORLY - O'Reilly Automotive Reduce 2.59% 23,785 0.23
MA - Mastercard Inc. Reduce 5.53% 216,853 0.89
MCO - Moody's Corp. Reduce 8.44% 283,953 1.12
VRSK - Verisk Analytics Inc. Reduce 8.70% 1,077 0.00
AMT - American Tower Corp. Reduce 9.07% 549,119 1.06
KKR - KKR & Co. L.P. Reduce 9.74% 1,110,272 1.21
DBRG - Digitalbridge Group Inc Reduce 41.85% 550,346 0.06
KMX - CarMax Inc. Reduce 48.55% 629,714 0.41
Q3 2024
AMT - American Tower Corp. Reduce 1.33% 81,775 0.14
ROP - Roper Technologies Inc. Reduce 2.87% 44,250 0.22
MA - Mastercard Inc. Reduce 2.94% 118,757 0.46
ORLY - O'Reilly Automotive Reduce 3.87% 37,014 0.34
BRK.B - Berkshire Hathaway CL B Reduce 3.91% 621 0.00
KKR - KKR & Co. L.P. Reduce 16.77% 2,295,980 2.13
MCO - Moody's Corp. Reduce 20.33% 858,224 3.18
VRSK - Verisk Analytics Inc. Reduce 22.97% 3,691 0.01
KMX - CarMax Inc. Reduce 39.54% 848,358 0.55
DBRG - Digitalbridge Group Inc Reduce 63.90% 2,328,018 0.28
SBAC - SBA Communications Corp. Sell 100.00% 500,000 0.86
Q2 2024
ROP - Roper Technologies Inc. Reduce 0.07% 1,021 0.00
AMT - American Tower Corp. Reduce 1.02% 63,518 0.10
ORLY - O'Reilly Automotive Reduce 3.27% 32,335 0.30
BRK.B - Berkshire Hathaway CL B Reduce 3.61% 595 0.00
MCO - Moody's Corp. Reduce 5.21% 231,863 0.75
VRSK - Verisk Analytics Inc. Reduce 7.25% 1,256 0.00
KKR - KKR & Co. L.P. Reduce 8.00% 1,189,735 0.99
DBRG - Digitalbridge Group Inc Reduce 11.34% 465,911 0.07
MA - Mastercard Inc. Reduce 12.38% 570,943 2.27
KMX - CarMax Inc. Reduce 20.59% 556,320 0.40
UBER - Uber Technologies Inc. Sell 100.00% 1,775,000 1.13
BAM - Brookfield Asset Management Sell 100.00% 63,000 0.02
DLTR - Dollar Tree Inc. Sell 100.00% 2,229 0.00
Q1 2024
BRK.B - Berkshire Hathaway CL B Reduce 0.42% 70 0.00
BN - Brookfield Corp. Reduce 0.53% 95,076 0.03
KMX - CarMax Inc. Reduce 0.91% 24,866 0.02
ROP - Roper Technologies Inc. Reduce 1.78% 27,992 0.13
ORLY - O'Reilly Automotive Reduce 3.08% 31,450 0.25
DBRG - Digitalbridge Group Inc Reduce 6.66% 293,215 0.04
V - Visa Inc. Reduce 6.75% 237,000 0.52
MCO - Moody's Corp. Reduce 6.78% 323,973 1.06
AMT - American Tower Corp. Reduce 8.92% 606,774 1.10
MA - Mastercard Inc. Reduce 8.92% 451,542 1.62
KKR - KKR & Co. L.P. Reduce 10.62% 1,768,668 1.23
DLTR - Dollar Tree Inc. Reduce 89.76% 19,542 0.03
BAM - Brookfield Asset Management Reduce 98.18% 3,392,966 1.15
Q4 2023
ROP - Roper Technologies Inc. Reduce 0.13% 2,067 0.01
BAM - Brookfield Asset Management Reduce 0.23% 7,906 0.00
KMX - CarMax Inc. Reduce 0.25% 6,767 0.00
BN - Brookfield Corp. Reduce 0.50% 91,160 0.03
DBRG - Digitalbridge Group Inc Reduce 1.02% 45,410 0.01
KKR - KKR & Co. L.P. Reduce 1.55% 262,388 0.15
BRK.B - Berkshire Hathaway CL B Reduce 3.21% 550 0.00
ORLY - O'Reilly Automotive Reduce 3.37% 35,609 0.30
MCO - Moody's Corp. Reduce 6.24% 317,706 0.92
VRSK - Verisk Analytics Inc. Reduce 7.03% 1,310 0.00
MA - Mastercard Inc. Reduce 13.48% 788,927 2.87
DLTR - Dollar Tree Inc. Reduce 24.71% 7,145 0.01
V - Visa Inc. Reduce 26.92% 1,292,214 2.73
Q3 2023
BRK.B - Berkshire Hathaway CL B Reduce 0.02% 4 0.00
MA - Mastercard Inc. Reduce 0.32% 18,698 0.06
DHR - Danaher Corp. Reduce 0.83% 14,900 0.03
BN - Brookfield Corp. Reduce 0.87% 159,662 0.04
VRSK - Verisk Analytics Inc. Reduce 1.80% 341 0.00
V - Visa Inc. Reduce 2.46% 121,184 0.24
MCO - Moody's Corp. Reduce 3.53% 186,577 0.54
KMX - CarMax Inc. Reduce 4.12% 117,344 0.08
DLTR - Dollar Tree Inc. Reduce 4.56% 1,380 0.00
ROP - Roper Technologies Inc. Reduce 4.88% 80,866 0.32
ORLY - O'Reilly Automotive Reduce 5.23% 58,280 0.46
BAM - Brookfield Asset Management Reduce 6.17% 227,812 0.06
DBRG - Digitalbridge Group Inc Reduce 11.41% 573,001 0.07
ADBE - Adobe Inc. Sell 100.00% 1,064,081 4.34
Q2 2023
DBRG - Digitalbridge Group Inc Reduce 2.22% 113,904 0.01
AMT - American Tower Corp. Reduce 3.63% 253,751 0.46
ORLY - O'Reilly Automotive Reduce 5.79% 68,415 0.51
MCO - Moody's Corp. Reduce 7.41% 422,562 1.14
KMX - CarMax Inc. Reduce 7.99% 247,660 0.14
ADBE - Adobe Inc. Reduce 11.26% 135,000 0.46
Q1 2023
ORLY - O'Reilly Automotive Reduce 0.01% 115 0.00
DLTR - Dollar Tree Inc. Reduce 0.47% 143 0.00
ADBE - Adobe Inc. Reduce 3.27% 40,477 0.12
KMX - CarMax Inc. Reduce 41.44% 2,192,556 1.21
ALRM - Alarm Com Hldgs Inc Sell 100.00% 263,939 0.12
Q4 2022
ROP - Roper Technologies Inc. Reduce 0.00% 35 0.00
MA - Mastercard Inc. Reduce 0.43% 25,200 0.06
KKR - KKR & Co. L.P. Reduce 2.26% 350,000 0.13
V - Visa Inc. Reduce 6.15% 322,600 0.51
DLTR - Dollar Tree Inc. Reduce 7.51% 2,473 0.00
ORLY - O'Reilly Automotive Reduce 19.66% 289,263 1.80
ADBE - Adobe Inc. Reduce 25.59% 426,337 1.04
KMX - CarMax Inc. Reduce 28.04% 2,062,000 1.20
VRSK - Verisk Analytics Inc. Reduce 99.22% 2,425,310 3.65
BAM.A - Brookfield Asset Mgmt Inc Sell 100.00% 13,366,753 4.83
CRM - Salesforce.com Sell 100.00% 3,095,500 3.93
SNOW - Snowflake Inc. Sell 100.00% 1,000,000 1.50
Q3 2022
ORLY - O'Reilly Automotive Reduce 6.36% 100,000 0.51
GSHD - Goosehead Insurance Inc. Reduce 30.05% 104,694 0.04
6CL - Digitalbridge Group Inc Sell 100.00% 16,390,191 0.64
TDUP - Thredup Inc Sell 100.00% 22,500 0.00
Q2 2022
ROP - Roper Technologies Inc. Reduce 0.31% 5,070 0.02
ORLY - O'Reilly Automotive Reduce 0.35% 5,595 0.03
AMT - American Tower Corp. Reduce 0.36% 25,190 0.04
CSGP - CoStar Group Inc. Reduce 26.44% 2,556,750 1.17
ALRM - Alarm Com Hldgs Inc Reduce 72.76% 705,000 0.32
ANSS - Ansys Inc Sell 100.00% 609,764 1.32
Q1 2022
BAM.A - Brookfield Asset Mgmt Inc Reduce 0.00% 285 0.00
VRSK - Verisk Analytics Inc. Reduce 0.03% 715 0.00
MA - Mastercard Inc. Reduce 0.10% 6,040 0.01
ORLY - O'Reilly Automotive Reduce 0.14% 2,140 0.01
ROP - Roper Technologies Inc. Reduce 0.14% 2,340 0.01
AMT - American Tower Corp. Reduce 0.15% 10,720 0.02
CSGP - CoStar Group Inc. Reduce 0.98% 96,170 0.04
BRK.B - Berkshire Hathaway CL B Reduce 6.23% 1,090 0.00
ALRM - Alarm Com Hldgs Inc Reduce 51.03% 1,009,719 0.49
DLTR - Dollar Tree Inc. Reduce 98.78% 2,619,764 2.13
SBAC - SBA Communications Corp. Sell 100.00% 1,547,180 3.49
Q4 2021
SBAC - SBA Communications Corp. Reduce 19.84% 383,010 0.78
DLTR - Dollar Tree Inc. Reduce 25.95% 929,482 0.55
OLLI - Ollie's Bargain Outlet Holdings, Inc. Sell 100.00% 500,000 0.19
Q3 2021
ADBE - Adobe Inc. Reduce 0.01% 105 0.00
KKR - KKR & Co. L.P. Reduce 0.02% 2,716 0.00
CSGP - CoStar Group Inc. Reduce 0.05% 4,600 0.00
KMX - CarMax Inc. Reduce 0.06% 4,025 0.00
MCO - Moody's Corp. Reduce 0.09% 5,219 0.01
VRSK - Verisk Analytics Inc. Reduce 0.11% 2,661 0.00
AMT - American Tower Corp. Reduce 0.12% 8,475 0.01
MA - Mastercard Inc. Reduce 0.14% 8,094 0.02
ROP - Roper Technologies Inc. Reduce 0.15% 2,443 0.01
DLTR - Dollar Tree Inc. Reduce 0.17% 5,993 0.00
ORLY - O'Reilly Automotive Reduce 0.18% 2,807 0.01
BRK.B - Berkshire Hathaway CL B Reduce 2.48% 445 0.00
MKL - Markel Group Inc. Sell 100.00% 13,623 0.10
Q2 2021
AMT - American Tower Corp. Reduce 0.01% 640 0.00
DLTR - Dollar Tree Inc. Reduce 0.01% 520 0.00
KKR - KKR & Co. L.P. Reduce 0.01% 1,080 0.00
KMX - CarMax Inc. Reduce 0.01% 450 0.00
MA - Mastercard Inc. Reduce 0.01% 700 0.00
MCO - Moody's Corp. Reduce 0.01% 590 0.00
VRSK - Verisk Analytics Inc. Reduce 0.01% 270 0.00
ORLY - O'Reilly Automotive Reduce 0.02% 340 0.00
MKL - Markel Group Inc. Reduce 0.17% 23 0.00
ROP - Roper Technologies Inc. Reduce 4.06% 70,430 0.19
SBAC - SBA Communications Corp. Reduce 15.53% 354,936 0.67
TDUP - Thredup Inc Reduce 88.75% 177,500 0.03
LYV - Live Nation Inc. Sell 100.00% 5,469,400 3.15
CLNY - Colony Cap Inc New Sell 100.00% 10,504,800 0.46
Q1 2021
BAM.A - Brookfield Asset Mgmt Inc Reduce 0.00% 480 0.00
MCO - Moody's Corp. Reduce 0.12% 6,860 0.01
VRSK - Verisk Analytics Inc. Reduce 0.13% 3,275 0.00
ALRM - Alarm Com Hldgs Inc Reduce 0.16% 3,200 0.00
MA - Mastercard Inc. Reduce 0.22% 12,995 0.03
AMT - American Tower Corp. Reduce 1.59% 113,656 0.17
CLNY - Colony Cap Inc New Reduce 1.87% 200,000 0.01
BRK.B - Berkshire Hathaway CL B Reduce 3.57% 665 0.00
KMX - CarMax Inc. Reduce 4.89% 365,685 0.23
SBAC - SBA Communications Corp. Reduce 7.30% 179,874 0.34
ROP - Roper Technologies Inc. Reduce 9.28% 177,549 0.52
ORLY - O'Reilly Automotive Reduce 14.02% 257,890 0.79
DLTR - Dollar Tree Inc. Reduce 20.73% 938,366 0.68
MKL - Markel Group Inc. Reduce 95.61% 296,954 2.07
DSGX - Descartes Sys Group Inc Sell 100.00% 207,300 0.08
LAMR - Lamar Advertising Co. Sell 100.00% 48,530 0.03
BRK.A - Berkshire Hathaway CL A Sell 100.00% 3 0.01
PRMW - Primo Wtr Corp Sell 100.00% 29,899 0.00
TTD - The Trade Desk Inc Sell 100.00% 445 0.00
Q4 2020
KKR - KKR & Co. L.P. Reduce 0.01% 920 0.00
KMX - CarMax Inc. Reduce 0.01% 905 0.00
MA - Mastercard Inc. Reduce 0.02% 1,347 0.00
V - Visa Inc. Reduce 0.02% 812 0.00
MCO - Moody's Corp. Reduce 0.03% 1,644 0.00
ROP - Roper Technologies Inc. Reduce 0.03% 638 0.00
ORLY - O'Reilly Automotive Reduce 0.04% 764 0.00
DLTR - Dollar Tree Inc. Reduce 0.05% 2,069 0.00
BAM.A - Brookfield Asset Mgmt Inc Reduce 3.69% 500,000 0.12
MKL - Markel Group Inc. Reduce 34.50% 163,630 1.12
PRMW - Primo Wtr Corp Reduce 94.69% 532,700 0.06
Q3 2020
MA - Mastercard Inc. Reduce 0.04% 2,310 0.01
MCO - Moody's Corp. Reduce 0.04% 1,995 0.00
AMT - American Tower Corp. Reduce 0.06% 4,570 0.01
ORLY - O'Reilly Automotive Reduce 0.08% 1,391 0.00
DLTR - Dollar Tree Inc. Reduce 0.46% 20,965 0.01
LYV - Live Nation Inc. Reduce 2.12% 118,238 0.04
MKL - Markel Group Inc. Reduce 3.29% 16,158 0.11
KMX - CarMax Inc. Reduce 8.26% 673,879 0.45
PRMW - Primo Water Corporation Reduce 48.32% 526,079 0.05
BRK.B - Berkshire Hathaway CL B Reduce 59.98% 27,892 0.04
MAR - Marriott Int'l. Sell 100.00% 7,500 0.00
Q2 2020
MCO - Moody's Corp. Reduce 0.04% 1,997 0.00
VRSK - Verisk Analytics Inc. Reduce 0.04% 999 0.00
AMT - American Tower Corp. Reduce 0.05% 3,690 0.01
DLTR - Dollar Tree Inc. Reduce 0.06% 2,644 0.00
ORLY - O'Reilly Automotive Reduce 0.06% 1,075 0.00
KMX - CarMax Inc. Reduce 0.44% 36,345 0.02
MKL - Markel Group Inc. Reduce 1.41% 7,003 0.06
BRK.B - Berkshire Hathaway CL B Reduce 1.50% 710 0.00
PRMW - Primo Wtr Corp Reduce 31.13% 492,200 0.04
Q1 2020
MCO - Moody's Corp. Reduce 0.76% 43,302 0.09
AMT - American Tower Corp. Reduce 2.01% 144,583 0.30
ORLY - O'Reilly Automotive Reduce 2.33% 43,952 0.18
MKL - Markel Group Inc. Reduce 3.00% 15,373 0.16
VRSK - Verisk Analytics Inc. Reduce 3.74% 95,095 0.13
DLTR - Dollar Tree Inc. Reduce 10.48% 532,650 0.46
BRK.B - Berkshire Hathaway CL B Reduce 83.45% 238,126 0.49
BRK.A - Berkshire Hathaway CL A Reduce 92.86% 39 0.12
P4W - Primo Wtr Corp Sell 100.00% 3,222,200 0.33
Q4 2019
AMT - American Tower Corp. Reduce 0.00% 280 0.00
MCO - Moody's Corp. Reduce 0.00% 160 0.00
ROP - Roper Technologies Inc. Reduce 0.00% 70 0.00
VRSK - Verisk Analytics Inc. Reduce 0.00% 60 0.00
MA - Mastercard Inc. Reduce 0.01% 295 0.00
ORLY - O'Reilly Automotive Reduce 0.01% 148 0.00
DLTR - Dollar Tree Inc. Reduce 0.02% 1,031 0.00
MKL - Markel Group Inc. Reduce 0.04% 201 0.00
BRK.B - Berkshire Hathaway CL B Reduce 0.37% 1,065 0.00
ESGR - Enstar Group Limited Sell 100.00% 2,890 0.01
BOC - Boston Omaha Corp Sell 100.00% 21,483 0.00
Q3 2019
AMT - American Tower Corp. Reduce 0.00% 36 0.00
DLTR - Dollar Tree Inc. Reduce 0.01% 484 0.00
MA - Mastercard Inc. Reduce 0.01% 455 0.00
MCO - Moody's Corp. Reduce 0.01% 353 0.00
ORLY - O'Reilly Automotive Reduce 0.01% 164 0.00
ROP - Roper Technologies Inc. Reduce 0.01% 112 0.00
MKL - Markel Group Inc. Reduce 0.02% 97 0.00
BOC - Boston Omaha Corp Reduce 91.14% 220,913 0.05
ESGR - Enstar Group Limited Reduce 97.88% 133,510 0.25
3UB - Ubiquiti Networks Inc Sell 100.00% 2,111,375 2.98
AMTD - Td Ameritrade Hldg Corp Sell 100.00% 3,350,000 1.80
DHIL - Diamond Hill Investment Grou Sell 100.00% 56,694 0.09
Q2 2019
AMT - American Tower Corp. Reduce 0.00% 300 0.00
DLTR - Dollar Tree Inc. Reduce 0.00% 220 0.00
MCO - Moody's Corp. Reduce 0.00% 215 0.00
VRSK - Verisk Analytics Inc. Reduce 0.00% 113 0.00
MA - Mastercard Inc. Reduce 0.01% 316 0.00
MKL - Markel Group Inc. Reduce 0.01% 68 0.00
ORLY - O'Reilly Automotive Reduce 0.01% 97 0.00
ROP - Roper Technologies Inc. Reduce 0.01% 85 0.00
BRK.B - Berkshire Hathaway CL B Reduce 0.04% 117 0.00
3UB - Ubiquiti Networks Inc Reduce 21.22% 568,625 0.95
ESGR - Enstar Group Limited Reduce 70.05% 319,047 0.62
FOCS - Focus Finl Partners Inc Sell 100.00% 2,970,000 1.18
Q1 2019
DHIL - Diamond Hill Investment Grou Reduce 13.90% 9,154 0.02
ESGR - Enstar Group Limited Reduce 49.07% 438,769 0.98
Q4 2018
DLTR - Dollar Tree Inc. Reduce 0.00% 100 0.00
MA - Mastercard Inc. Reduce 0.00% 150 0.00
MKL - Markel Group Inc. Reduce 0.00% 20 0.00
AMT - American Tower Corp. Reduce 0.01% 620 0.00
BRK.B - Berkshire Hathaway CL B Reduce 0.01% 30 0.00
ORLY - O'Reilly Automotive Reduce 0.01% 142 0.00
BOC - Boston Omaha Corp Reduce 8.13% 21,438 0.01
ESGR - Enstar Group Limited Reduce 23.55% 275,498 0.70
Q3 2018
MCO - Moody's Corp. Reduce 0.02% 1,192 0.00
ROP - Roper Technologies Inc. Reduce 0.03% 440 0.00
VRSK - Verisk Analytics Inc. Reduce 0.04% 1,111 0.00
AMT - American Tower Corp. Reduce 0.05% 3,271 0.01
MA - Mastercard Inc. Reduce 0.05% 2,506 0.01
ORLY - O'Reilly Automotive Reduce 0.05% 1,023 0.00
MKL - Markel Group Inc. Reduce 0.06% 328 0.00
BRK.B - Berkshire Hathaway CL B Reduce 0.17% 500 0.00
ESGR - Enstar Group Limited Reduce 11.18% 147,288 0.41
BOC - Boston Omaha Corp Reduce 24.62% 86,166 0.02
Q2 2018
MCO - Moody's Corp. Reduce 0.04% 1,993 0.00
ORLY - O'Reilly Automotive Reduce 0.28% 5,329 0.02
BRK.B - Berkshire Hathaway CL B Reduce 0.40% 1,137 0.00
AMTD - Td Ameritrade Hldg Corp Reduce 0.57% 17,078 0.01
VRSK - Verisk Analytics Inc. Reduce 0.99% 25,379 0.04
ESGR - Enstar Group Limited Reduce 6.26% 87,882 0.26
DHIL - Diamond Hill Investment Grou Reduce 54.74% 79,652 0.23
LKQ - LKQ Corp. Sell 100.00% 3,150,000 1.68
Q1 2018
MCO - Moody's Corp. Reduce 0.04% 2,161 0.00
V - Visa Inc. Reduce 0.04% 1,750 0.00
ORLY - O'Reilly Automotive Reduce 0.05% 936 0.00
DLTR - Dollar Tree Inc. Reduce 0.08% 3,754 0.01
MA - Mastercard Inc. Reduce 0.12% 6,276 0.01
MKL - Markel Group Inc. Reduce 0.13% 652 0.01
BRK.B - Berkshire Hathaway CL B Reduce 0.15% 424 0.00
VRSK - Verisk Analytics Inc. Reduce 0.39% 10,133 0.01
ESGR - Enstar Group Limited Reduce 2.91% 42,112 0.12
Q4 2017
KMX - CarMax Inc. Reduce 0.01% 603 0.00
VRSK - Verisk Analytics Inc. Reduce 0.03% 881 0.00
MNRO - Monro Inc. Sell 100.00% 1,600,000 1.39
CSX - CSX Corp. Sell 100.00% 4,899 0.00
Q3 2017
DLTR - Dollar Tree Inc. Reduce 0.13% 6,478 0.01
MCO - Moody's Corp. Reduce 0.27% 15,390 0.03
AMT - American Tower Corp. Reduce 0.30% 20,376 0.05
KMX - CarMax Inc. Reduce 0.31% 16,088 0.02
MA - Mastercard Inc. Reduce 0.38% 20,315 0.04
MKL - Markel Group Inc. Reduce 0.54% 2,765 0.05
ESGR - Enstar Group Limited Reduce 0.82% 11,964 0.04
ROP - Roper Technologies Inc. Reduce 0.83% 12,999 0.05
VRSK - Verisk Analytics Inc. Reduce 0.92% 24,036 0.04
MNRO - Monro Inc. Reduce 1.40% 22,700 0.02
LKQ - LKQ Corp. Reduce 11.27% 400,000 0.23
BRK.B - Berkshire Hathaway CL B Reduce 26.49% 103,571 0.30
BAC.WS.A - Bank Amer Corp Sell 100.00% 732,890 0.15
WMIH - WMIH Corp Sell 100.00% 1,460,000 0.03
Q2 2017
DG - Dollar General Sell 100.00% 1,500,000 1.89
FTV - Fortive Corp. Sell 100.00% 750,000 0.82
Q1 2017
MKL - Markel Group Inc. Reduce 0.00% 25 0.00
AMT - American Tower Corp. Reduce 0.04% 2,392 0.01
ESGR - Enstar Group Limited Reduce 0.10% 1,491 0.01
BRK.A - Berkshire Hathaway CL A Reduce 19.23% 10 0.05
CSX - CSX Corp. Reduce 87.37% 33,882 0.03
DLTH - Duluth Hldgs Inc Sell 100.00% 351,400 0.18
AIG.WS - American Intl Group Inc Sell 100.00% 105,728 0.05
DIS - Walt Disney Co. Sell 100.00% 3,891 0.01
Q4 2016
VRSK - Verisk Analytics Inc. Reduce 0.05% 1,320 0.00
ROP - Roper Technologies Inc. Reduce 0.09% 1,410 0.01
MA - Mastercard Inc. Reduce 0.12% 5,697 0.01
ESGR - Enstar Group Limited Reduce 0.18% 2,615 0.01
MKL - Markel Group Inc. Reduce 0.19% 970 0.02
ORLY - O'Reilly Automotive Reduce 0.34% 2,775 0.02
BRK.B - Berkshire Hathaway CL B Reduce 0.40% 1,525 0.00
LAMR - Lamar Advertising Co. Reduce 1.56% 767 0.00
WMIH - WMIH Corp Reduce 2.67% 40,000 0.00
Q3 2016
ANSS - Ansys Inc Sell 100.00% 100,300 0.20
Q2 2016
VRSK - Verisk Analytics Inc. Reduce 0.06% 1,446 0.00
DLTR - Dollar Tree Inc. Reduce 0.20% 8,236 0.02
MA - Mastercard Inc. Reduce 0.28% 13,393 0.03
MKL - Markel Group Inc. Reduce 0.29% 1,485 0.03
AMT - American Tower Corp. Reduce 0.30% 19,179 0.05
ORLY - O'Reilly Automotive Reduce 0.42% 3,466 0.02
ESGR - Enstar Group Limited Reduce 0.44% 6,412 0.02
BRK.B - Berkshire Hathaway CL B Reduce 0.89% 3,441 0.01
LAMR - Lamar Advertising Co. Reduce 5.19% 2,700 0.00
AIG.WS - American Intl Group Inc Reduce 29.65% 43,667 0.02
AAIC - Arlington Asset Invt Corp Sell 100.00% 10,000 0.00
Q1 2016
ORLY - O'Reilly Automotive Reduce 0.00% 5 0.00
ROP - Roper Technologies Inc. Reduce 2.83% 38,192 0.18
CSX - CSX Corp. Reduce 4.70% 1,914 0.00
LAMR - Lamar Advertising Co. Reduce 5.46% 3,003 0.00
Q4 2015
ORLY - O'Reilly Automotive Reduce 0.00% 29 0.00
BRK.A - Berkshire Hathaway CL A Reduce 1.89% 1 0.01
P4W - Primo Wtr Corp Reduce 2.74% 47,300 0.01
BRK.B - Berkshire Hathaway CL B Reduce 6.07% 24,964 0.08
AMTD - Td Ameritrade Hldg Corp Reduce 8.02% 258,900 0.21
AIG.WS - American Intl Group Inc Reduce 71.11% 362,505 0.21
LYV - Live Nation Inc. Sell 100.00% 6,260,154 3.86
LPLA - LPL Financial Holdings Inc. Sell 100.00% 750,500 0.77
Q3 2015
MKL - Markel Group Inc. Reduce 0.25% 1,307 0.03
ORLY - O'Reilly Automotive Reduce 0.29% 2,388 0.01
LAMR - Lamar Advertising Co. Reduce 18.03% 12,100 0.02
LPLA - LPL Financial Holdings Inc. Reduce 43.08% 568,089 0.72
VL2 - Nustar Gp Holdings LLC Sell 100.00% 27,775 0.03
WMB - Williams Cos. Sell 100.00% 16,140 0.03
NLY - Annaly Cap Mgmt Inc Sell 100.00% 20,044 0.01
Q2 2015
CSX - CSX Corp. Reduce 5.14% 2,204 0.00
LPLA - LPL Financial Holdings Inc. Reduce 10.01% 146,596 0.18
WMB - Williams Cos. Reduce 11.46% 2,090 0.00
BRK.A - Berkshire Hathaway CL A Reduce 17.31% 9 0.06
DISCK - Discovery Communicatns New Sell 100.00% 6,019,258 5.06
MWE - Markwest Energy Partners L P Sell 100.00% 3,215 0.01
Q1 2015
MA - Mastercard Inc. Reduce 0.12% 5,244 0.01
DLTR - Dollar Tree Inc. Reduce 0.15% 5,134 0.01
MCO - Moody's Corp. Reduce 0.17% 5,844 0.02
MKL - Markel Group Inc. Reduce 0.20% 1,041 0.02
AMT - American Tower Corp. Reduce 0.24% 9,475 0.03
ORLY - O'Reilly Automotive Reduce 0.78% 6,409 0.04
LYV - Live Nation Inc. Reduce 1.66% 105,687 0.08
BRK.B - Berkshire Hathaway CL B Reduce 1.92% 5,835 0.03
LPLA - LPL Financial Holdings Inc. Reduce 14.57% 249,815 0.33
VL2 - Nustar Gp Holdings LLC Reduce 29.45% 8,180 0.01
MWE - Markwest Energy Partners L P Reduce 53.84% 3,750 0.01
HIG - Hartford Financial Svc.Gp. Sell 100.00% 50,761 0.06
Q4 2014
AMT - American Tower Corp. Reduce 0.01% 290 0.00
ORLY - O'Reilly Automotive Reduce 0.11% 910 0.00
MA - Mastercard Inc. Reduce 0.15% 6,510 0.02
BRK.B - Berkshire Hathaway CL B Reduce 1.62% 5,005 0.02
BRK.A - Berkshire Hathaway CL A Reduce 1.92% 1 0.01
DHR - Danaher Corp. Reduce 21.05% 400,000 0.99
NLY - Annaly Cap Mgmt Inc Reduce 59.95% 30,000 0.01
HIG - Hartford Financial Svc.Gp. Reduce 83.42% 255,340 0.31
AAPL - Apple Inc. Sell 100.00% 637,338 2.08
TDG - TransDigm Group Inc. Sell 100.00% 10,000 0.06
Q3 2014
MCO - Moody's Corp. Reduce 0.05% 1,585 0.00
MA - Mastercard Inc. Reduce 0.13% 5,615 0.01
AMT - American Tower Corp. Reduce 0.18% 7,225 0.02
ORLY - O'Reilly Automotive Reduce 0.45% 3,669 0.02
ESGR - Enstar Group Limited Reduce 0.65% 3,236 0.02
BRK.B - Berkshire Hathaway CL B Reduce 0.78% 2,431 0.01
HIG - Hartford Financial Svc.Gp. Reduce 2.82% 8,881 0.01
MWE - Markwest Energy Partners L P Reduce 99.01% 700,000 1.71
LVNTA - Liberty Interactive Corp Sell 100.00% 180,000 0.46
Q2 2014
AMT - American Tower Corp. Reduce 0.06% 2,525 0.01
ORLY - O'Reilly Automotive Reduce 0.07% 615 0.00
BRK.B - Berkshire Hathaway CL B Reduce 0.45% 1,408 0.01
HIG - Hartford Financial Svc.Gp. Reduce 0.91% 2,892 0.00
WMB - Williams Cos. Reduce 3.44% 650 0.00
CSX - CSX Corp. Reduce 14.06% 7,018 0.01
ROST - Ross Stores Inc. Sell 100.00% 1,631,038 4.54
DIG1 - Directv Sell 100.00% 500,000 1.48
FDS - FactSet Research Systems Sell 100.00% 130,000 0.54
XOM - Exxon Mobil Corp. Sell 100.00% 4,446 0.02
Q1 2014
HIG - Hartford Financial Svc.Gp. Reduce 0.38% 1,200 0.00
NLY - Annaly Cap Mgmt Inc Reduce 2.61% 1,340 0.00
WMB - Williams Cos. Reduce 3.72% 730 0.00
ROST - Ross Stores Inc. Reduce 9.99% 181,105 0.58
BRK.A - Berkshire Hathaway CL A Reduce 11.86% 7 0.05
Q4 2013
MCO - Moody's Corp. Reduce 0.02% 570 0.00
MA - Mastercard Inc. Reduce 0.03% 120 0.00
ORLY - O'Reilly Automotive Reduce 0.03% 235 0.00
HIG - Hartford Financial Svc.Gp. Reduce 0.23% 729 0.00
CSX - CSX Corp. Reduce 2.24% 1,144 0.00
VL2 - Nustar Gp Holdings LLC Reduce 59.28% 34,327 0.04
DIG1 - Directv Reduce 70.59% 1,200,000 3.51
NS - Nustar Energy LP Sell 100.00% 1,018,427 2.00
Q3 2013
AAPL - Apple Inc. Reduce 0.11% 100 0.00
NS - Nustar Energy LP Reduce 3.01% 31,573 0.07
ROST - Ross Stores Inc. Reduce 6.00% 97,830 0.32
VL2 - Nustar Gp Holdings LLC Reduce 13.00% 8,653 0.01
DIG1 - Directv Reduce 47.85% 1,560,000 4.92
HIG - Hartford Financial Svc.Gp. Reduce 84.23% 1,708,467 2.70
SHLDQ - Sears Hldgs Corp Sell 100.00% 300,000 0.65
AMX - America Movil SAb De Cv Sell 100.00% 500,000 0.56
BAC - Bank of America Corp. Sell 100.00% 800,000 0.53
EPD - Enterprise Products Partners LP Sell 100.00% 10,232 0.03
Q1 2013
MA - Mastercard Inc. Sell 100.00% 341,778 13.84
AMT - American Tower Corp. Sell 100.00% 1,698,769 10.82
MCO - Moody's Corp. Sell 100.00% 2,217,054 9.20
ROST - Ross Stores Inc. Sell 100.00% 1,937,709 8.64
MKL - Markel Group Inc. Sell 100.00% 234,094 8.36
DLTR - Dollar Tree Inc. Sell 100.00% 2,265,058 7.57
ORLY - O'Reilly Automotive Sell 100.00% 824,863 6.08
ESGR - Enstar/esgr Sell 100.00% 505,325 4.66
V - Visa Inc. Sell 100.00% 372,430 4.65
AMTD - TD Ameritrade/amtd Sell 100.00% 3,163,900 4.38
VRSK - Verisk Analytics Inc. Sell 100.00% 800,000 3.36
NLY - Annaly Capital/nly Sell 100.00% 2,534,525 2.93
HIG - Hartford Financial Svc.Gp. Sell 100.00% 1,366,200 2.53
BRK.B - Berkshire Hathaway CL B Sell 100.00% 308,236 2.28
LAMR - Lamar Advertising Co. Sell 100.00% 621,348 1.98
AAPL - Apple Inc. Sell 100.00% 35,106 1.54
MNRO - Monro Inc. Sell 100.00% 500,000 1.44
SHLDQ - Sears Hldg/shld Sell 100.00% 300,000 1.02
FDS - FactSet Research Systems Sell 100.00% 130,000 0.94
DHIL - Diamond Hill/dhil Sell 100.00% 145,500 0.81
BAC - Bank of America Corp. Sell 100.00% 800,000 0.77
BRK.A - Berkshire Hathaway CL A Sell 100.00% 59 0.65
JEF - Jefferies Financial Group Inc. Sell 100.00% 246,914 0.38
BAC.WS.A - Bank Of America Sell 100.00% 700,000 0.31
P4W - Primo Water Corp/prmw Sell 100.00% 1,600,000 0.16
RVR - White River Cap/rvr Sell 100.00% 93,273 0.16
VL2 - NuStar GP Holdings/nsh Sell 100.00% 60,970 0.14
ART - Artio Global/art Sell 100.00% 800,000 0.13
TDG - TransDigm Group Inc. Sell 100.00% 10,000 0.11
CSX - CSX Corp. Sell 100.00% 51,061 0.08
EPD - Enterprise Products Partners LP Sell 100.00% 10,232 0.04
Q4 2012
MA - Mastercard Inc. Reduce 0.43% 1,492 0.06
ORLY - O'Reilly Automotive Reduce 0.45% 3,696 0.03
ROST - Ross Stores Inc. Reduce 0.55% 10,813 0.06
ESGR - Enstar/esgr Reduce 1.58% 8,109 0.07
BRK.B - Berkshire Hathaway CL B Reduce 1.69% 5,284 0.04
AMT - American Tower Corp. Reduce 2.65% 46,305 0.29
KMX - CarMax Inc. Sell 100.00% 503,474 1.27
TJX - TJX Companies Inc. Sell 100.00% 41,520 0.17
TROW - T. Rowe Price Group Sell 100.00% 3,405 0.02
Q3 2012
BRK.A - Berkshire Hathaway CL A Reduce 3.28% 2 0.04
VL2 - NuStar GP Holdings/nsh Reduce 20.33% 2,800 0.02
EPD - Enterprise Products Partners LP Reduce 22.53% 2,975 0.03
KMX - CarMax Inc. Reduce 37.57% 302,996 1.74
LAMR - Lamar Advertising Co. Reduce 51.53% 660,539 3.41
TJX - TJX Companies Inc. Reduce 84.38% 224,240 2.72
TROW - T. Rowe Price Group Reduce 89.62% 29,395 0.31
PENN - Penn National Gaming Inc. Sell 100.00% 279,465 2.00
BDX - Becton Dickinson Sell 100.00% 50,000 0.70
XOM - Exxon Mobil Corp. Sell 100.00% 2,528 0.04
Q4 2011
NLY - Annaly Cap Mgmt Inc Reduce 0.53% 1,116 0.00
PENN - Penn National Gaming Inc. Reduce 2.02% 5,757 0.05
BRK.A - Berkshire Hathaway CL A Reduce 10.29% 7 0.18
LAMR - Lamar Advertising Co. Reduce 10.91% 156,911 0.63
CSX - CSX Corp. Reduce 14.93% 7,957 0.03
FDS - FactSet Research Systems Reduce 15.45% 23,750 0.50
TROW - T. Rowe Price Group Reduce 68.80% 72,330 0.81
MBRG - Middleburg Financial Corp Sell 100.00% 128,530 0.45
Q3 2011
PENN - Penn National Gaming Inc. Reduce 0.63% 1,818 0.02
LAMR - Lamar Advertising Co. Reduce 9.49% 150,857 0.89
ORLY - O'Reilly Automotive Reduce 11.42% 69,710 0.99
AO5 - Aeropostale Sell 100.00% 425,000 1.61
WMS - Advanced Drainage Systems, Inc. Sell 100.00% 200,000 1.33
AGO - Assured Guaranty Ltd. Sell 100.00% 200,000 0.71
XOM - Exxon Mobil Corp. Sell 100.00% 2,528 0.04
Q2 2011
FDS - FactSet Research Systems Reduce 0.06% 95 0.00
ROST - Ross Stores Inc. Reduce 0.11% 720 0.01
MBRG - Middleburg Financial Corp Reduce 0.40% 510 0.00
MKL - Markel Group Inc. Reduce 0.42% 467 0.05
PENN - Penn National Gaming Inc. Reduce 0.54% 1,556 0.01
BRK.A - Berkshire Hathaway CL A Reduce 2.86% 2 0.06
OXPS - Optionsxpress Hldgs Inc Sell 100.00% 630,853 2.77
KMB - Kimberly-Clark Sell 100.00% 30,000 0.47
OR1 - Tradestation Group Inc Sell 100.00% 179,574 0.30
Q1 2011
PENN - Penn National Gaming Inc. Reduce 0.76% 2,212 0.02
ESGR - Enstar Group Limited Reduce 0.97% 4,502 0.11
MKL - Markel Group Inc. Reduce 2.96% 3,423 0.36
MBRG - Middleburg Financial Corp Reduce 3.90% 5,240 0.02
FDS - FactSet Research Systems Reduce 6.19% 10,155 0.27
BRK.A - Berkshire Hathaway CL A Reduce 12.50% 10 0.34
OR1 - Tradestation Group Inc Reduce 33.49% 90,426 0.17
MSCI - MSCI Inc. Sell 100.00% 150,000 1.64
NDN - 99 Cents Only Stores Sell 100.00% 224,741 1.01
FXCB - Fox Chase Bancorp Inc New Sell 100.00% 100,000 0.33
P4W - Primo Wtr Corp Sell 100.00% 75,000 0.30
Q4 2010
OR1 - Tradestation Group Inc Reduce 33.33% 135,000 0.66
WRB - W.R. Berkley Corp. Sell 100.00% 100,000 2.01
CRI - Carters Inc. Sell 100.00% 100,000 1.95
GLRE - Greenlight Capital Re Ltd Sell 100.00% 50,000 0.93
9893105Q - Enterprise Gp Hldgs L P Sell 100.00% 8,805 0.38
RP - Realpage Inc Sell 100.00% 25,000 0.35
XOM - Exxon Mobil Corp. Sell 100.00% 4,453 0.20
FSP - Franklin Street Pptys Corp Sell 100.00% 20,000 0.18
Q3 2010
DLTR - Dollar Tree Inc. Reduce 0.05% 305 0.00
MKL - Markel Group Inc. Reduce 0.10% 110 0.01
ESGR - Enstar Group Limited Reduce 0.21% 850 0.02
BRK.B - Berkshire Hathaway CL B Reduce 1.23% 1,050 0.03
NDN - 99 Cents Only Stores Reduce 4.51% 10,611 0.06
PENN - Penn National Gaming Inc. Reduce 21.95% 81,437 0.72
TRH - Transatlantic Hldgs Inc Sell 100.00% 150,000 2.76
V - Visa Inc. Sell 100.00% 50,000 1.36
HIG - Hartford Financial Svc.Gp. Sell 100.00% 50,000 0.42
FFCH - First Finl Hldgs Inc Sell 100.00% 20,000 0.09
Q2 2010
MBRG - Middleburg Financial Corp Reduce 1.32% 1,800 0.03
BRK.A - Berkshire Hathaway CL A Reduce 2.53% 2 0.23
KMX - CarMax Inc. Reduce 12.65% 66,181 0.37
NDN - 99 Cents Only Stores Reduce 13.18% 35,723 0.54
FDS - FactSet Research Systems Reduce 27.20% 61,275 1.65
TRH - Transatlantic Hldgs Inc Reduce 28.55% 59,950 0.29
TROW - T. Rowe Price Group Reduce 47.89% 76,094 3.87
PENN - Penn National Gaming Inc. Reduce 51.09% 387,624 0.52
HIG - Hartford Financial Svc.Gp. Reduce 93.87% 765,715 10.46
Q1 2010
MBRG - Middleburg Financial Corp Reduce 9.28% 13,920 0.07
ESGR - Enstar Group Limited Reduce 9.93% 36,308 1.17
LAMR - Lamar Advertising Co. Reduce 11.30% 112,771 1.55
PENN - Penn National Gaming Inc. Reduce 13.54% 118,780 1.43
MKL - Markel Group Inc. Reduce 15.64% 19,897 2.99
BRK.A - Berkshire Hathaway CL A Reduce 15.96% 15 0.59
KMX - CarMax Inc. Reduce 23.46% 160,359 1.72
TROW - T. Rowe Price Group Reduce 25.68% 54,906 1.29
NDN - 99 Cents Only Stores Reduce 67.19% 555,000 3.20
BYI - Bally Technologies Inc Sell 100.00% 318,285 5.80
BRYG - Berkshire Hathaway Inc Del Sell 100.00% 2,084 3.02
Q4 2009
BRYG - Berkshire Hathaway Inc Del Reduce 1.19% 25 0.04
NDN - 99 Cents Only Stores Reduce 11.21% 104,269 0.67
KMX - CarMax Inc. Reduce 21.60% 188,307 1.87
PENN - Penn National Gaming Inc. Reduce 22.52% 254,996 3.35
TROW - T. Rowe Price Group Reduce 48.08% 197,980 4.30
BRK.A - Berkshire Hathaway CL A Reduce 99.01% 9,400 4.47
ACF - Americredit Corp Sell 100.00% 97,444 0.73
IRM* - Iron Mtn Inc Sell 100.00% 34,860 0.44
Q1 2009
PENN - Penn National Gaming Inc. Sell 100.00% 6,144,634 20.39
MKL - Markel Group Inc. Sell 100.00% 387,887 18.00
NDN - 99 Cents Only Stores Sell 100.00% 7,163,251 12.15
BYI - Bally Technologies Inc Sell 100.00% 2,097,024 7.82
LAMR - Lamar Advertising Co. Sell 100.00% 2,754,952 5.37
ESGR - Enstar Group Limited Sell 100.00% 581,535 5.34
KMX - CarMax Inc. Sell 100.00% 4,245,235 5.19
POOL - Pool Corp. Sell 100.00% 1,725,000 4.81
ACF - Americredit Corp Sell 100.00% 2,729,598 3.24
SSD - Simpson Manufacturing Sell 100.00% 732,629 3.16
MCRI - Monarch Casino & Resort Inc Sell 100.00% 1,285,963 2.32
AMWD - American Woodmark Corp. Sell 100.00% 799,500 2.26
HOY - Pinnacle Entmt Inc Sell 100.00% 1,853,707 2.21
DX5 - Dynamex Inc Sell 100.00% 736,824 1.69
BRK.A - Berkshire Hathaway CL A Sell 100.00% 108 1.62
BRYG - Berkshire Hathaway Inc Del Sell 100.00% 2,098 1.05
IRM* - Iron Mtn Inc Sell 100.00% 413,025 0.86
ECPG - Encore Capital Group Inc. Sell 100.00% 671,513 0.75
WFC - Wells Fargo Sell 100.00% 108,007 0.49
AES - Aes Corp Sell 100.00% 372,164 0.48
ISLE - Isle Of Capri Casinos Inc Sell 100.00% 555,943 0.28
RVR - White River Capital Inc Sell 100.00% 173,137 0.17
HF - Hff Inc Sell 100.00% 401,842 0.15
CSX - CSX Corp. Sell 100.00% 17,768 0.09
XOM - Exxon Mobil Corp. Sell 100.00% 4,453 0.06
FSP - Franklin Street Pptys Corp Sell 100.00% 20,000 0.05
NLY - Annaly Cap Mgmt Inc Sell 100.00% 12,700 0.03
Q4 2008
CSX - CSX Corp. Reduce 0.01% 1 0.00
XOM - Exxon Mobil Corp. Reduce 1.98% 90 0.00
MKL - Markel Group Inc. Reduce 3.73% 15,046 0.58
SSD - Simpson Manufacturing Reduce 4.40% 33,700 0.10
ESGR - Enstar Group Limited Reduce 4.56% 27,777 0.30
BRK.A - Berkshire Hathaway CL A Reduce 5.26% 6 0.08
AES - Aes Corp Reduce 5.83% 23,020 0.03
BYI - Bally Technologies Inc Reduce 8.94% 205,865 0.68
NDN - 99 Cents Only Stores Reduce 8.96% 705,319 0.85
KMX - CarMax Inc. Reduce 9.46% 443,406 0.68
MCRI - Monarch Casino & Resort Inc Reduce 10.10% 144,419 0.18
HOY - Pinnacle Entmt Inc Reduce 11.03% 229,788 0.19
PENN - Penn National Gaming Inc. Reduce 11.69% 813,471 2.36
ACF - Americredit Corp Reduce 15.42% 497,503 0.55
BRYG - Berkshire Hathaway Inc Del Reduce 19.18% 498 0.24
WFC - Wells Fargo Reduce 23.20% 32,619 0.13
MER - Merril Lynch & Co Inc Sell 100.00% 226,481 0.63
Q3 2008
WFC - Wells Fargo Reduce 0.32% 446 0.00
ESGR - Enstar Group Limited Reduce 0.33% 2,026 0.02
KMX - CarMax Inc. Reduce 1.29% 61,140 0.08
PENN - Penn National Gaming Inc. Reduce 2.06% 146,141 0.44
BYI - Bally Technologies Inc Reduce 2.37% 55,848 0.18
MKL - Markel Group Inc. Reduce 2.85% 11,818 0.40
AMWD - American Woodmark Corp. Reduce 3.50% 29,000 0.06
MCRI - Monarch Casino & Resort Inc Reduce 3.55% 52,698 0.06
SSD - Simpson Manufacturing Reduce 3.59% 28,500 0.06
ECPG - Encore Capital Group Inc. Reduce 4.07% 28,487 0.02
ACF - Americredit Corp Reduce 4.25% 143,126 0.12
LAMR - Lamar Advertising Co. Reduce 4.58% 119,050 0.40
CSX - CSX Corp. Reduce 5.65% 1,064 0.01
RVR - White River Capital Inc Reduce 9.27% 17,700 0.03
BRK.A - Berkshire Hathaway CL A Reduce 9.52% 12 0.12
AES - Aes Corp Reduce 9.65% 42,206 0.08
ISLE - Isle Of Capri Casinos Inc Reduce 11.13% 69,612 0.03
NDN - 99 Cents Only Stores Reduce 16.64% 1,570,970 0.97
FSP - Franklin Street Pptys Corp Reduce 39.66% 13,146 0.02
XOM - Exxon Mobil Corp. Reduce 42.22% 3,320 0.03
HF - Hff Inc Reduce 54.42% 479,858 0.26
CAO - Csk Auto Corp Sell 100.00% 4,629,862 4.52
MWE - Markwest Energy Partners L P Sell 100.00% 758,033 2.52
PVAHQ - Penn Va Corp Sell 100.00% 211,800 1.49
TOL - Toll Brothers Sell 100.00% 600,000 1.05
KT2 - Knight Transn Inc Sell 100.00% 432,900 0.74
HTH - Hilltop Holdings Inc Sell 100.00% 604,425 0.58
DVD - Dover Motorsports Inc Sell 100.00% 340,946 0.16
FMCC - Federal Home Ln Mtg Corp Sell 100.00% 105,675 0.16
GS - Goldman Sachs Group Sell 100.00% 4,255 0.07
IGT - International Game Technolog Sell 100.00% 31,979 0.07
ISCA - International Speedyway Corp Sell 100.00% 7,625 0.03
Q2 2008
AMWD - American Woodmark Corp. Reduce 0.12% 1,000 0.00
NDN - 99 Cents Only Stores Reduce 0.15% 13,924 0.01
HOY - Pinnacle Entmt Inc Reduce 0.40% 7,264 0.01
ISLE - Isle Of Capri Casinos Inc Reduce 0.44% 2,792 0.00
PENN - Penn National Gaming Inc. Reduce 0.75% 53,826 0.18
BRK.A - Berkshire Hathaway CL A Reduce 0.79% 1 0.01
MCRI - Monarch Casino & Resort Inc Reduce 0.83% 12,348 0.02
BYI - Bally Technologies Inc Reduce 1.16% 27,593 0.07
ACF - Americredit Corp Reduce 1.65% 56,687 0.04
WFC - Wells Fargo Reduce 6.90% 10,456 0.02
DVD - Dover Motorsports Inc Reduce 13.97% 55,354 0.03
FMCC - Federal Home Ln Mtg Corp Reduce 16.24% 20,483 0.04
IGT - International Game Technolog Reduce 43.04% 24,165 0.08
ISCA - International Speedyway Corp Reduce 58.60% 10,795 0.04
KT2 - Knight Transn Inc Reduce 59.16% 627,100 0.80
AES - Aes Corp Reduce 69.91% 1,016,030 1.32
HRH - Hilb Rogal & Hobbs Co Sell 100.00% 553,239 1.36
LEHMQ - Lehman Bros Hldgs Inc Sell 100.00% 100,000 0.29
Q1 2008
HRH - Hilb Rogal & Hobbs Co Reduce 0.13% 711 0.00
ACF - Americredit Corp Reduce 0.32% 10,877 0.02
MKL - Markel Group Inc. Reduce 0.40% 1,645 0.12
CSX - CSX Corp. Reduce 1.07% 203 0.00
WFC - Wells Fargo Reduce 2.62% 4,074 0.02
ISLE - Isle Of Capri Casinos Inc Reduce 4.65% 30,656 0.06
XOM - Exxon Mobil Corp. Reduce 6.98% 590 0.01
AES - Aes Corp Reduce 11.34% 185,943 0.57
ISCA - International Speedway Corp Reduce 18.62% 4,215 0.02
TOL - Toll Brothers Reduce 34.38% 314,357 0.90
MWP - Markwest Hydrocarbon Inc Sell 100.00% 361,998 3.24
BYD - Boyd Gaming Corp. Sell 100.00% 7,000 0.03
PGR - Progressive Corp. Sell 100.00% 12,674 0.03
Q4 2007
BYI - Bally Technologies Inc Reduce 1.01% 24,251 0.06
TOL - Toll Brothers Reduce 1.30% 12,048 0.02
GS - Goldman Sachs Group Reduce 7.74% 356 0.01
HRH - Hilb Rogal & Hobbs Co Reduce 13.14% 83,803 0.25
HOY - Pinnacle Entmt Inc Reduce 13.95% 287,236 0.53
DVD - Dover Motorsports Inc Reduce 34.37% 207,500 0.09
ISLE - Isle Of Capri Casinos Inc Reduce 41.99% 477,087 0.63
ISCA - International Speedway Corp Cl A Reduce 75.01% 67,932 0.21
BYD - Boyd Gaming Corp. Reduce 96.26% 180,232 0.52
PENN - Penn National Gaming Inc. Sell 100.00% 7,810,895 31.16
KMX - CarMax Inc. Sell 100.00% 4,516,392 6.21
NDN - 99 Cents Only Stores/ndn Sell 100.00% 7,318,973 5.08
MCRI - Monarch Casinos/mcri Sell 100.00% 1,644,212 3.16
2914808Q - Station Casinos/stn Sell 100.00% 234,861 1.39
916583Q - Enstar Group Ltd./esgr Sell 100.00% 151,476 1.30
BRK.A - Berkshire Hathaway CL A Sell 100.00% 130 0.96
BRYG - Berkshire Hathaway B/brk.b Sell 100.00% 2,172 0.58
DHI - D.R. Horton Sell 100.00% 566,665 0.49
IGT - International Game Technology/ Sell 100.00% 140,877 0.41
BDY - Bradley Pharmaceutical/bdy Sell 100.00% 228,100 0.28
KT2 - Knight Transportation Inc./knx Sell 100.00% 243,140 0.28
ITIC - Investors Title Co. Sell 100.00% 61,000 0.16
MCRS - Micros Systems Inc./mcrs Sell 100.00% 36,800 0.16
BHRB - Burke & Herbert/bhrb Sell 100.00% 1,753 0.15
ISCB - Intl. Speedway B/iscb Sell 100.00% 47,437 0.15
BGFV - Big 5 Sporting Goods Corp/bgfv Sell 100.00% 107,900 0.14
BRO - Brown & Brown Inc. Sell 100.00% 50,000 0.09
CORSQ - Corus Bankshares/cors Sell 100.00% 100,941 0.09
1647548D - Quanta/qnta Sell 100.00% 15,000 0.00
Q3 2007
MCRI - Monarch Casinos/mcri Reduce 0.72% 11,878 0.02
ISCA - Intl. Speedway A/isca Reduce 3.83% 3,608 0.01
ISCB - Intl. Speedway B/iscb Reduce 5.18% 2,589 0.01
SSD - Simpson Manufacturing Reduce 38.95% 507,100 1.08
IGT - International Game Technology/ Reduce 59.74% 209,004 0.53
GS - Goldman Sachs Group Reduce 81.10% 19,732 0.27
ANCUF - Alimentation Couche-Tard SVS C Sell 100.00% 1,350,913 1.77
WCC - WESCO International Inc. Sell 100.00% 164,400 0.63
BLKB - Blackbaud Inc. Sell 100.00% 80,000 0.11
Q2 2007
DX5 - Dynamex Inc/ddmx Reduce 0.48% 2,350 0.00
BRYG - Berkshire Hathaway B/brk.b Reduce 2.77% 59 0.02
SSD - Simpson Manufacturing Reduce 5.67% 78,196 0.17
MCRI - Monarch Casinos/mcri Reduce 7.84% 140,908 0.26
AMWD - American Woodmark Corp. Reduce 8.11% 64,823 0.17
WCC - WESCO International Inc. Reduce 17.80% 35,600 0.16
IGT - Int'l Gaming Tech/igt Reduce 26.26% 124,583 0.36
DVD - Dover Motorsports, Inc./dvd Reduce 28.91% 245,590 0.09
BDY - Bradley Pharmaceutical/bdy Reduce 47.98% 210,421 0.29
ISCA - Intl. Speedway A/isca Reduce 55.60% 117,921 0.43
ISCB - Intl. Speedway B/iscb Reduce 61.10% 78,582 0.29
BYD - Boyd Gaming Corp. Reduce 65.22% 345,105 1.17
1647548D - Quanta/qnta Reduce 96.37% 398,651 0.06
BRK.A - Berkshire Hathaway CL A Reduce 98.99% 12,623 0.90
Q1 2007
FMCC - Fed. Home Loan Mtg./fre Reduce 0.40% 300 0.00
WFC - Wells Fargo Reduce 0.60% 810 0.00
BYI - Bally Technologies/byi Reduce 0.98% 23,526 0.03
MCRS - Micros Systems Inc./mcrs Reduce 1.02% 380 0.00
BGFV - Big 5 Sporting Goods Corp/bgfv Reduce 7.22% 8,400 0.02
ISCB - Intl. Speedway B/iscb Reduce 9.78% 13,947 0.05
ANCUF - Alimentation Couche-Tard SVS C Sell 100.00% 633,621 1.04
BHRB - Burke & Herbert Bank/bhrb Sell 100.00% 1,682 0.22
FGMGQ - FL Gaming Corp/fgmg Sell 100.00% 23,527 0.02
Q4 2006
XOM - Exxon Mobil Corp. Reduce 0.88% 75 0.00
ISCB - Intl. Speedway B/iscb Reduce 2.78% 4,072 0.02
ISCA - Intl. Speedway A/isca Reduce 4.20% 8,810 0.04
MCRS - Micros Systems Inc./mcrs Reduce 4.42% 1,720 0.01
FGMGQ - FL Gaming Corp/fgmg Reduce 45.06% 19,295 0.02
Q3 2006
HRH - Hilb, Rogal, & Hobbs/hrh Reduce 0.38% 2,300 0.01
ISCA - Intl. Speedway A/isca Reduce 2.39% 5,125 0.02
PGR - Progressive Corp. Reduce 3.43% 450 0.00
ISCB - Intl. Speedway B/iscb Reduce 14.42% 24,701 0.11
2914808Q - Station Casinos/stn Reduce 16.34% 45,874 0.29
HOY - Pinnacle Entertainment Inc./pn Reduce 17.59% 400,700 1.15
Q2 2006
2914808Q - Station Casinos/stn Reduce 0.07% 191 0.00
AMWD - American Woodmark Corp. Reduce 0.10% 781 0.00
BDY - Bradley Pharmaceutical/bdy Reduce 0.28% 1,200 0.00
HRH - Hilb, Rogal, & Hobbs/hrh Reduce 0.47% 2,880 0.01
GS - Goldman Sachs Group Reduce 0.49% 110 0.00
BYD - Boyd Gaming Corp. Reduce 0.56% 1,846 0.01
ISCB - Intl. Speedway B/iscb Reduce 9.84% 18,703 0.08
DHI - D.R. Horton Reduce 11.30% 72,200 0.21
MCRI - Monarch Casinos/mcri Reduce 13.77% 266,616 0.67
TOL - Toll Brothers Reduce 19.36% 144,055 0.44
FRFHF - Fairfax Financial Holdings Ltd. Sell 100.00% 32,700 0.31
KBH - KB Homes/kbh Sell 100.00% 35,800 0.21
LEN - Lennar Corp. Sell 100.00% 39,950 0.21
PHM - PulteGroup Inc. Sell 100.00% 61,670 0.21
WTM - White Mountains Insurance Sell 100.00% 3,959 0.21
ORH - Odyssey Re Corp./orh Sell 100.00% 100,000 0.19
EQUUS - Equus Gaming/equus Sell 100.00% 45,650 0.00
Q1 2006
PENN - Penn National Gaming Inc. Reduce 0.50% 35,237 0.12
BRYG - Berkshire Hathaway B/brk.b Reduce 1.26% 25 0.01
WFC - Wells Fargo Reduce 1.31% 800 0.01
BRK.A - Berkshire Hathaway CL A Reduce 6.61% 8 0.07
DVD - Dover Motorsports, Inc./dvd Reduce 7.35% 61,066 0.04
AES - AES Inc./aes Reduce 17.25% 311,751 0.51
EQUUS - Equus Gaming/equus Reduce 25.95% 16,000 0.00
FRFHF - Fairfax Financial Holdings Ltd. Reduce 43.62% 25,300 0.38
BDY - Bradley Pharmaceutical/bdy Reduce 51.79% 454,148 0.45
LF1 - LandAmerica Financial Group/lf Sell 100.00% 250,000 1.61
AAP - Advance Auto Parts Sell 100.00% 288,205 1.29
PRE - PartnersRe Ltd/pre Sell 100.00% 143,800 0.98
COKE - Coca Cola Bottling/coke Sell 100.00% 160,800 0.71
C - Citigroup Inc. Sell 100.00% 126,468 0.63
AO5 - Aeropostale, Inc/aro Sell 100.00% 183,850 0.50
PRA - ProAssurance Corp. Sell 100.00% 75,000 0.38
0542367D - Sands Regent/snds Sell 100.00% 74,245 0.08
FGMGQ - FL Gaming Corp/fgmg Sell 100.00% 49,882 0.07
TGIC - Triad Guaranty/tgic Sell 100.00% 14,289 0.06
BK - Bank of New York/bk Sell 100.00% 7,040 0.02
Q4 2005
WFC - Wells Fargo Reduce 2.65% 1,655 0.01
DVD - Dover Motorsports, Inc./dvd Reduce 5.29% 46,412 0.03
XOM - Exxon Mobil Corp. Reduce 10.50% 1,000 0.01
FMCC - Fed. Home Loan Mtg./fre Reduce 12.71% 9,757 0.06
AO5 - Aeropostale, Inc/aro Reduce 33.15% 91,150 0.20
FRFHF - Fairfax Financial Holdings Ltd. Reduce 38.95% 37,000 0.66
PRE - PartnersRe Ltd/pre Reduce 47.71% 131,200 0.86
TGIC - Triad Guaranty/tgic Reduce 57.47% 19,311 0.08
BK - Bank of New York/bk Reduce 66.11% 13,732 0.04
FGMGQ - FL Gaming Corp/fgmg Reduce 79.38% 192,000 0.25
AGY - Argosy Gaming/agy Sell 100.00% 514,800 2.48
BGGSQ - Briggs Stratton Corp/bgg Sell 100.00% 349,100 1.24
ISCB - Intl. Speedway B/iscb Sell 100.00% 222,001 1.17
MRH - Montpelier Re Holdings/mrh Sell 100.00% 207,000 0.53
BHRB - Burke & Herbert Bank/bhrb Sell 100.00% 2,078 0.43
MTLG - Metrologic Instruments/mtlg Sell 100.00% 118,500 0.22
RVR - White River Cap/wrvc Sell 100.00% 27,100 0.03
Q3 2005
DVD - Dover Motorsports, Inc./dvd Reduce 2.41% 21,688 0.01
ISCB - Intl. Speedway B/iscb Reduce 2.63% 6,000 0.03
COKE - Coca Cola Bottling/coke Reduce 5.85% 10,000 0.05
BHRB - Burke & Herbert Bank/bhrb Reduce 7.02% 157 0.03
MRH - Montpelier Re Holdings/mrh Reduce 31.00% 93,000 0.30
BK - Bank of New York/bk Reduce 40.69% 14,251 0.04
702901Q - Spectrasite Inc./ssi Sell 100.00% 340,138 2.39
KSL - Kaneb Services/ksl Sell 100.00% 510,100 2.08
JNJ - Johnson & Johnson Sell 100.00% 3,140 0.02
Q2 2005
ISCB - Intl. Speedway B/iscb Reduce 0.27% 620 0.00
HRH - Hilb, Rogal, & Hobbs/hrh Reduce 0.83% 4,664 0.02
BHRB - Burke & Herbert Bank/bhrb Reduce 0.84% 19 0.00
ISCA - Intl. Speedway A/isca Reduce 0.90% 1,273 0.01
MCRI - Monarch Casinos/mcri Reduce 0.96% 18,222 0.04
DVD - Dover Motorsports, Inc./dvd Reduce 1.61% 14,731 0.01
GS - Goldman Sachs Group Reduce 1.87% 320 0.00
C - Citigroup Inc. Reduce 3.60% 4,225 0.02
BK - Bank of New York/bk Reduce 4.56% 1,675 0.01
BRK.A - Berkshire Hathaway CL A Reduce 9.57% 11 0.10
BGGSQ - Briggs Stratton Corp/bgg Reduce 12.53% 50,000 0.19
PTP - Platinum Underwriter/ptp Sell 100.00% 700,000 2.18
PMACA - PMA Capital Corporation/pmaca Sell 100.00% 300,000 0.25
SCI - Service Corp. Int'l/sci Sell 100.00% 200,000 0.16
AZO - AutoZone Inc. Sell 100.00% 15,585 0.14
RGC - Regal Entertainment/rgc Sell 100.00% 40,000 0.09
DALRQ - Delta Air Lines/dal Sell 100.00% 83,029 0.04
CORSQ - Corus Bancshares/cors Sell 100.00% 7,000 0.03
MER - Merrill Lynch/mer Sell 100.00% 5,310 0.03
MRSH - Marsh Sell 100.00% 6,733 0.02
EQUUS - Equus Gaming/equus Sell 100.00% 61,650 0.01
Q1 2005
ISCB - Intl. Speedway B/iscb Reduce 0.11% 245 0.00
DRT - Dollar Tree Sell 100.00% 953,726 3.22
Q4 2004
BK - Bank of New York Reduce 0.06% 20 0.00
ISCB - Intl. Speedway B Reduce 0.66% 1,509 0.01
WFC - Wells Fargo Reduce 1.56% 910 0.01
KKD - Krispy Kreme Doughnuts Sell 100.00% 400,000 0.86
558319Q - AMC Entertainment Sell 100.00% 224,000 0.73
BHRB - Burke & Herbert Bank Sell 100.00% 2,043 0.70
2246800Q - Prime Hospitality Sell 100.00% 100,000 0.21
CZN - Citizens Communication Sell 100.00% 67,909 0.15
FGMGQ - FL Gaming Corp Sell 100.00% 27,500 0.05
EQUUS - Equus Gaming Sell 100.00% 61,650 0.02
Q3 2004
SSD - Simpson Manufacturing Reduce 9.08% 10,729 0.14
CZN - Citizens Communication Reduce 9.45% 7,091 0.02
TOL - Toll Brothers Reduce 14.29% 50,000 0.48
DHI - D.R. Horton Reduce 19.05% 100,000 0.64
BK - Bank of New York Reduce 55.97% 42,972 0.29
UPBD - Upbound Group Inc. Sell 100.00% 350,000 2.36
838969Q - Fidelity National Financial In Sell 100.00% 134,501 1.13
Q2 2004
WFC - Wells Fargo Reduce 0.04% 20 0.00
AES - AES Inc. Reduce 0.13% 1,770 0.00
DVD - Dover Motorsports, Inc. Reduce 0.46% 3,945 0.00
ISCA - Intl. Speedway A Reduce 3.34% 3,960 0.05
FMCC - Fed. Home Loan Mtg. Reduce 5.75% 3,928 0.06
BRK.A - Berkshire Hathaway CL A Reduce 10.58% 11 0.26
UPBD - Upbound Group Inc. Reduce 12.50% 50,000 0.41
RYL - Ryland Homes Sell 100.00% 80,000 1.77
PVN - Providian Financial Corporatio Sell 100.00% 400,000 1.31
3161655Q - Mandalay Resort Group Sell 100.00% 12,000 0.17
HUB - Chubb Corporation Sell 100.00% 10,000 0.17
Q1 2004
PVAHQ - Penn Virginia Corp Reduce 8.47% 9,800 0.17
MGAM - Multimedia Games Sell 100.00% 611,300 7.71
UNM - Unum Group Sell 100.00% 861,000 4.17
945852Q - Sprint PCS Sell 100.00% 991,500 1.71
FDCP - First Data Corp Sell 100.00% 10,000 0.13
PDSG - PDS Gaming Sell 100.00% 41,700 0.02
Q4 2003
ISCA - Intl. Speedway A Reduce 0.05% 55 0.00
DVD - Dover Motorsports, Inc. Reduce 0.61% 5,215 0.01
MWP - Mark West Hydro Reduce 2.11% 5,400 0.01
PDSG - PDS Gaming Reduce 60.85% 64,800 0.04
LNWO - Scientific Games Sell 100.00% 367,200 1.53
BCPC - Balchem Corp Sell 100.00% 40,000 0.30
DLM - DelMonte Foods Sell 100.00% 30,000 0.10
Q3 2003
C - Citigroup Inc. Reduce 1.90% 1,720 0.03
BRYG - Berkshire Hathaway B Reduce 3.62% 39 0.04
DVD - Dover Motorsports, Inc. Reduce 6.61% 60,596 0.11
PENN - Penn National Gaming Inc. Reduce 7.06% 143,200 1.43
BRK.A - Berkshire Hathaway CL A Reduce 17.89% 22 0.73
FMCC - Fed. Home Loan Mtg. Reduce 22.37% 18,067 0.42
ISCA - Intl. Speedway A Reduce 24.79% 38,099 0.69
DHI - D.R. Horton Reduce 28.68% 30,000 0.31
BK - Bank of New York Reduce 30.95% 29,995 0.63
CSX - CSX Corp. Reduce 51.23% 10,000 0.20
MCRS - Micros Systems Inc. Reduce 87.34% 130,000 2.90
WFC - Wells Fargo Reduce 97.56% 2,117,580 19.36
2951 - Philip Morris Co., Inc. Sell 100.00% 378,400 6.24
ABT - Abbott Labs Sell 100.00% 12,100 0.24
KO - Coca Cola Co. Sell 100.00% 7,992 0.17
BMY - Bristol-Myers Squibb Sell 100.00% 9,700 0.12
Q2 2003
BHRB - Burke & Herbert Bank Reduce 0.30% 5 0.01
C - Citigroup Inc. Reduce 1.39% 1,283 0.04
ABT - Abbott Labs Reduce 49.79% 12,000 0.41
KO - Coca Cola Co. Reduce 50.00% 7,992 0.30
CSX - CSX Corp. Reduce 89.36% 164,000 2.27
MGAM - Multimedia Games Sell 100.00% 409,600 7.13
CHDN - Churchill Downs, Inc. Sell 100.00% 240,635 2.48
IIVI - II VI, Inc. Sell 100.00% 58,691 0.88
WTM - White Mountains Insurance Sell 100.00% 2,000 0.62
2860436Q - Liberty Media Group Sell 100.00% 33,860 0.30
Q1 2003
MCRS - Micros Systems Inc. Reduce 0.08% 50 0.00
IIVI - II VI, Inc. Reduce 14.94% 10,309 0.25
2291233Q - Hollywood Casino Sell 100.00% 411,800 7.46
MCRI - Monarch Casinos Sell 100.00% 96,000 1.95
DDE - Dover Downs Gaming & Entertain Sell 100.00% 131,128 1.76
KMX - CarMax Inc. Sell 100.00% 49,518 1.31
KSL - Kaneb Services Sell 100.00% 30,000 0.81
PVAHQ - Penn Virginia Corp Sell 100.00% 15,000 0.80
MWP - Mark West Hydro Sell 100.00% 52,500 0.44
PDSG - PDS Gaming Sell 100.00% 106,500 0.18
Q4 2002
DDE - Dover Downs Gaming & Entertain Reduce 1.18% 1,564 0.01
558319Q - AMC Entertainment Reduce 5.06% 3,200 0.03
PDSG - PDS Gaming Reduce 6.17% 7,000 0.01
CHDN - Churchill Downs, Inc. Reduce 6.66% 1,265 0.05
IGT - Int'l Gaming Tech Reduce 11.43% 645 0.05
ISCA - Intl. Speedway A Reduce 17.47% 10,150 0.47
FDCP - First Data Corp Reduce 60.00% 15,000 0.49
BRK.A - Berkshire Hathaway CL A Sell 100.00% 110 9.46
FMCC - Fed. Home Loan Mtg. Sell 100.00% 78,999 5.14
WFC - Wells Fargo Sell 100.00% 60,833 3.41
C - Citigroup Inc. Sell 100.00% 91,714 3.16
BRYG - Berkshire Hathaway B Sell 100.00% 966 2.77
BK - Bank of New York Sell 100.00% 63,512 2.12
WTM - White Mountains Insurance Sell 100.00% 2,000 0.69
AES - AES Inc. Sell 100.00% 215,000 0.63
ABT - Abbott Labs Sell 100.00% 12,000 0.56
KO - Coca Cola Co. Sell 100.00% 7,992 0.45
2951 - Philip Morris Co., Inc. Sell 100.00% 9,000 0.41
CSX - CSX Corp. Sell 100.00% 9,518 0.29
2860436Q - Liberty Media Group Sell 100.00% 33,860 0.28
BMY - Bristol-Myers Squibb Sell 100.00% 9,600 0.27
KMEDQ - Key 3 Media Sell 100.00% 117,200 0.00