Wallace Weitz - Weitz Investment Management, Inc.

Wallace Weitz - Weitz Investment Management

Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    49
Portfolio value:    $1,432,543,452

Holdings Activity Buys Sells History

History	Stock	Activity ▼	Share change	% change to portfolio
	Q1 2026
☰	LH - Labcorp Holdings Inc.	Reduce 0.70%	700	0.01
☰	SPGI - S&P Global Inc.	Reduce 1.26%	95	0.00
☰	V - Visa Inc.	Reduce 1.94%	5,250	0.11
☰	AON - Aon plc	Reduce 2.23%	4,875	0.10
☰	META - Meta Platforms, Inc.	Reduce 2.76%	3,000	0.12
☰	BRK.B - Berkshire Hathaway CL B	Reduce 2.79%	8,000	0.24
☰	TXN - Texas Instruments Inc.	Reduce 3.03%	5,000	0.05
☰	MLM - Martin Marietta Materials, Inc.	Reduce 3.63%	1,500	0.06
☰	MA - Mastercard Inc.	Reduce 5.71%	8,900	0.30
☰	GOOG - Alphabet Inc.	Reduce 6.08%	21,150	0.39
☰	SIRI - Sirius XM Holdings Inc.	Reduce 6.58%	91,000	0.11
☰	CRM - Salesforce, Inc.	Reduce 6.86%	6,000	0.09
☰	DHR - Danaher Corp.	Reduce 7.04%	36,200	0.49
☰	LBRDA - Liberty Broadband Corp.	Reduce 7.14%	10,000	0.03
☰	LKQ - LKQ Corp.	Reduce 7.48%	33,000	0.06
☰	TMO - Thermo Fisher Scientific Inc.	Reduce 10.34%	13,950	0.48
☰	LBRDK - Liberty Broadband Corp.	Reduce 11.52%	75,000	0.22
☰	EFX - Equifax Inc.	Reduce 12.69%	27,275	0.35
☰	TECH - Bio-Techne Corp.	Reduce 18.65%	149,750	0.52
☰	ADI - Analog Devices, Inc.	Reduce 19.92%	26,450	0.43
☰	ORCL - Oracle Corp.	Reduce 21.43%	15,000	0.17
☰	CSGP - CoStar Group, Inc.	Reduce 28.18%	202,825	0.81
☰	IEX - IDEX Corp.	Reduce 32.49%	127,175	1.34
☰	GPN - Global Payments Inc.	Reduce 33.66%	170,000	0.78
☰	CDW - CDW Corp.	Reduce 35.56%	20,000	0.16
☰	ODFL - Old Dominion Freight Line, Inc.	Reduce 36.78%	76,800	0.71
☰	CMCSA - Comcast Corp.	Reduce 48.18%	43,695	0.07
☰	FTV - Fortive Corp.	Reduce 50.44%	22,900	0.08
☰	ROP - Roper Technologies, Inc.	Sell 100.00%	36,550	0.96
☰	IT - Gartner, Inc.	Sell 100.00%	24,425	0.37
☰	DEO - Diageo plc	Sell 100.00%	23,800	0.12
	Q4 2025
☰	VMC - Vulcan Materials Co.	Reduce 1.18%	2,500	0.04
☰	FTV - Fortive Corp.	Reduce 2.16%	1,000	0.00
☰	DHR - Danaher Corp.	Reduce 2.47%	13,000	0.14
☰	IEX - IDEX Corp.	Reduce 3.69%	15,000	0.13
☰	ADI - Analog Devices, Inc.	Reduce 4.67%	6,500	0.09
☰	MSFT - Microsoft Corp.	Reduce 5.20%	8,000	0.23
☰	GPN - Global Payments Inc.	Reduce 8.18%	45,000	0.20
☰	TMO - Thermo Fisher Scientific Inc.	Reduce 10.30%	15,500	0.41
☰	DEO - Diageo plc	Reduce 15.90%	4,500	0.02
☰	LKQ - LKQ Corp.	Reduce 17.42%	93,000	0.16
☰	GOOG - Alphabet Inc.	Reduce 21.04%	92,700	1.23
☰	LH - Labcorp Holdings Inc.	Reduce 28.62%	40,000	0.62
☰	PRM - Perimeter Solutions, Inc.	Reduce 31.62%	235,572	0.29
☰	IDXX - IDEXX Laboratories, Inc.	Reduce 37.85%	21,500	0.75
☰	IT - Gartner, Inc.	Reduce 77.25%	82,950	1.18
☰	CMCSA - Comcast Corp.	Reduce 81.17%	391,056	0.63
☰	CHTR - Charter Communications, Inc.	Reduce 99.37%	101,955	1.52
☰	KMX - CarMax, Inc.	Sell 100.00%	649,400	1.58
☰	CCRD - Corecard Corporation	Sell 100.00%	515,000	0.75
☰	GLIBK - Liberty Capital Corp.	Sell 100.00%	100,100	0.20
☰	GLBAV-OLD - Gci Liberty Inc	Sell 100.00%	28,000	0.06
	Q3 2025
☰	HEI.A - HEICO CL A	Reduce 0.07%	121	0.00
☰	LH - Labcorp Holdings Inc.	Reduce 1.01%	1,425	0.02
☰	GOOG - Alphabet Inc.	Reduce 1.12%	5,000	0.05
☰	ADI - Analog Devices, Inc.	Reduce 1.21%	1,700	0.02
☰	GPN - Global Payments Inc.	Reduce 1.79%	10,000	0.04
☰	MA - Mastercard Inc.	Reduce 5.56%	9,170	0.28
☰	IDXX - IDEXX Laboratories, Inc.	Reduce 5.80%	3,500	0.10
☰	CSGP - CoStar Group, Inc.	Reduce 5.98%	45,750	0.20
☰	META - Meta Platforms, Inc.	Reduce 6.05%	7,000	0.28
☰	V - Visa Inc.	Reduce 9.22%	27,495	0.53
☰	ORCL - Oracle Corp.	Reduce 58.84%	100,075	1.18
☰	PRM - Perimeter Solutions, Inc.	Reduce 62.01%	1,215,928	0.91
☰	RAL - Ralliant Corp.	Sell 100.00%	15,150	0.04
	Q2 2025
☰	TXN - Texas Instruments Inc.	Reduce 2.95%	5,000	0.05
☰	GPN - Global Payments Inc.	Reduce 3.45%	20,000	0.10
☰	MSFT - Microsoft Corp.	Reduce 3.72%	5,000	0.10
☰	META - Meta Platforms, Inc.	Reduce 4.18%	5,050	0.15
☰	PRM - Perimeter Solutions, Inc.	Reduce 4.69%	96,391	0.05
☰	SIRI - Sirius XM Holdings Inc.	Reduce 5.56%	81,500	0.10
☰	LBRDK - Liberty Broadband Corp.	Reduce 5.66%	32,040	0.14
☰	LH - Labcorp Holdings Inc.	Reduce 6.61%	10,000	0.12
☰	MA - Mastercard Inc.	Reduce 7.82%	14,000	0.41
☰	V - Visa Inc.	Reduce 8.06%	26,125	0.49
☰	ACN - Accenture plc	Reduce 10.74%	15,000	0.25
☰	ACIW - ACI Worldwide, Inc.	Reduce 14.19%	50,600	0.15
☰	CSGP - CoStar Group, Inc.	Reduce 16.02%	146,000	0.62
☰	FTV - Fortive Corp.	Reduce 16.05%	8,692	0.03
☰	CHTR - Charter Communications, Inc.	Reduce 18.19%	21,000	0.41
☰	KMX - CarMax, Inc.	Reduce 19.35%	155,800	0.65
☰	ADBE - Adobe Inc.	Sell 100.00%	82,500	1.68
	Q1 2025
☰	GPN - Global Payments Inc.	Reduce 1.63%	9,600	0.06
☰	PRM - Perimeter Solutions, Inc.	Reduce 2.37%	50,000	0.03
☰	KMX - CarMax, Inc.	Reduce 2.42%	20,000	0.08
☰	MA - Mastercard Inc.	Reduce 4.28%	8,000	0.22
☰	V - Visa Inc.	Reduce 6.49%	22,500	0.37
☰	CRM - Salesforce, Inc.	Reduce 7.89%	7,500	0.13
☰	AMZN - Amazon.com, Inc.	Reduce 10.10%	25,000	0.28
☰	BRK.B - Berkshire Hathaway CL B	Reduce 11.25%	36,350	0.85
☰	GOOG - Alphabet Inc.	Reduce 14.09%	73,100	0.72
☰	CHTR - Charter Communications, Inc.	Reduce 14.77%	20,000	0.35
☰	ORCL - Oracle Corp.	Reduce 18.07%	37,500	0.32
☰	AON - Aon plc	Reduce 18.20%	47,500	0.88
☰	META - Meta Platforms, Inc.	Reduce 23.86%	37,840	1.15
☰	LH - Labcorp Holdings Inc.	Reduce 35.99%	85,000	1.01
☰	SPGI - S&P Global Inc.	Reduce 84.85%	42,280	1.03
☰	VLTO - Veralto Corp.	Reduce 87.45%	261,199	1.37
☰	FIS - Fidelity National Information Services, Inc.	Sell 100.00%	272,500	1.14
☰	LBTYK - Liberty Global Ltd.	Sell 100.00%	792,933	0.54
☰	HON - Honeywell International Inc.	Sell 100.00%	11,300	0.13
	Q4 2024
☰	LH - Labcorp Holdings Inc.	Reduce 0.07%	175	0.00
☰	VMC - Vulcan Materials Co.	Reduce 0.08%	150	0.00
☰	AMZN - Amazon.com, Inc.	Reduce 1.98%	5,000	0.05
☰	KMX - CarMax, Inc.	Reduce 2.37%	20,000	0.08
☰	ORCL - Oracle Corp.	Reduce 3.32%	7,125	0.06
☰	GPN - Global Payments Inc.	Reduce 3.34%	20,400	0.10
☰	V - Visa Inc.	Reduce 3.48%	12,500	0.17
☰	META - Meta Platforms, Inc.	Reduce 5.14%	8,600	0.24
☰	MA - Mastercard Inc.	Reduce 8.01%	16,280	0.40
☰	GOOG - Alphabet Inc.	Reduce 8.51%	48,275	0.40
☰	ODFL - Old Dominion Freight Line, Inc.	Reduce 9.53%	20,000	0.20
☰	SPGI - S&P Global Inc.	Reduce 13.07%	7,489	0.18
☰	FIS - Fidelity National Information Services, Inc.	Reduce 33.94%	140,000	0.58
☰	ROP - Roper Technologies, Inc.	Reduce 52.74%	35,075	0.97
☰	LBTYK - Liberty Global Ltd.	Reduce 69.17%	1,778,882	1.00
☰	6OL - Perimeter Solutions SA	Sell 100.00%	2,324,500	1.54
☰	MCHP - Microchip Technology Inc.	Sell 100.00%	259,600	1.03
☰	GWRE - Guidewire Software, Inc.	Sell 100.00%	96,700	0.87
☰	VRSN - VeriSign, Inc.	Sell 100.00%	63,150	0.59
	Q3 2024
☰	LH - Labcorp Holdings Inc.	Reduce 2.07%	5,000	0.05
☰	KMX - CarMax, Inc.	Reduce 2.31%	20,000	0.08
☰	LBTYK - Liberty Global Ltd.	Reduce 2.88%	76,400	0.04
☰	TMO - Thermo Fisher Scientific Inc.	Reduce 3.99%	5,000	0.15
☰	ACIW - ACI Worldwide, Inc.	Reduce 4.14%	15,400	0.03
☰	GWRE - Guidewire Software, Inc.	Reduce 5.01%	5,100	0.04
☰	CHTR - Charter Communications, Inc.	Reduce 5.25%	7,500	0.12
☰	FIS - Fidelity National Information Services, Inc.	Reduce 6.04%	26,500	0.11
☰	GOOG - Alphabet Inc.	Reduce 8.40%	52,000	0.50
☰	META - Meta Platforms, Inc.	Reduce 11.43%	21,575	0.57
☰	SPGI - S&P Global Inc.	Reduce 21.27%	15,485	0.34
☰	VRSN - VeriSign, Inc.	Reduce 26.99%	23,350	0.22
☰	6OL - Perimeter Solutions SA	Reduce 35.16%	1,260,500	0.52
☰	LSXMK - Liberty Media Corp Del	Sell 100.00%	1,088,000	1.27
☰	LSXMA - Liberty Media Corp Del	Sell 100.00%	310,000	0.36
☰	LM0G - Liberty Media Corp Del	Sell 100.00%	75,000	0.15
	Q2 2024
☰	TXN - Texas Instruments Inc.	Reduce 0.31%	526	0.00
☰	BRK.B - Berkshire Hathaway CL B	Reduce 1.22%	4,000	0.09
☰	V - Visa Inc.	Reduce 1.37%	5,000	0.07
☰	6OL - Perimeter Solutions SA	Reduce 1.38%	50,000	0.02
☰	LBTYK - Liberty Global Ltd.	Reduce 1.42%	38,200	0.02
☰	META - Meta Platforms, Inc.	Reduce 6.21%	12,500	0.31
☰	MSFT - Microsoft Corp.	Reduce 6.51%	2,850	0.06
☰	ROP - Roper Technologies, Inc.	Reduce 7.77%	5,600	0.16
☰	HEI.A - HEICO CL A	Reduce 11.13%	20,400	0.16
☰	CHTR - Charter Communications, Inc.	Reduce 12.41%	20,250	0.30
☰	LBRDK - Liberty Broadband Corp.	Reduce 13.10%	85,440	0.23
☰	FIS - Fidelity National Information Services, Inc.	Reduce 13.33%	67,500	0.25
☰	CRM - Salesforce, Inc.	Reduce 13.64%	15,000	0.23
☰	GWRE - Guidewire Software, Inc.	Reduce 16.63%	20,300	0.12
☰	VLTO - Veralto Corp.	Reduce 16.73%	60,000	0.27
☰	GOOG - Alphabet Inc.	Reduce 18.35%	139,125	1.08
☰	VMC - Vulcan Materials Co.	Reduce 20.70%	50,000	0.69
☰	ORCL - Oracle Corp.	Reduce 24.80%	70,800	0.45
☰	AMZN - Amazon.com, Inc.	Reduce 25.74%	87,500	0.80
☰	LSXMK - Liberty Media Corp Del	Reduce 37.76%	660,000	1.00
☰	ADI - Analog Devices, Inc.	Reduce 38.48%	88,200	0.89
☰	LM0G - Liberty Media Corp Del	Reduce 76.19%	240,000	0.53
☰	LAB - Standard BioTools Inc.	Sell 100.00%	256,350	2.84
☰	LYV - Live Nation Entertainment, Inc.	Sell 100.00%	61,000	0.33
☰	JPM - JPMorgan Chase & Co.	Sell 100.00%	20,500	0.21
☰	LM0H - Liberty Media Corp Del	Sell 100.00%	77,500	0.17
	Q1 2024
☰	LSXMK - Liberty Media Corp Del	Reduce 1.34%	23,813	0.04
☰	LAB - Standard BioTools Inc.	Reduce 1.91%	5,000	0.06
☰	ACN - Accenture plc	Reduce 3.09%	3,000	0.06
☰	SPGI - S&P Global Inc.	Reduce 3.50%	2,642	0.06
☰	AMZN - Amazon.com, Inc.	Reduce 4.23%	15,000	0.12
☰	BRK.B - Berkshire Hathaway CL B	Reduce 7.69%	27,250	0.52
☰	LBRDK - Liberty Broadband Corp.	Reduce 10.94%	80,100	0.32
☰	META - Meta Platforms, Inc.	Reduce 11.05%	25,000	0.47
☰	GOOG - Alphabet Inc.	Reduce 11.95%	102,850	0.77
☰	CRM - Salesforce, Inc.	Reduce 12.00%	15,000	0.21
☰	JPM - JPMorgan Chase & Co.	Reduce 12.77%	3,000	0.03
☰	VMC - Vulcan Materials Co.	Reduce 12.89%	35,750	0.43
☰	MLM - Martin Marietta Materials, Inc.	Reduce 17.49%	8,625	0.23
☰	IT - Gartner, Inc.	Reduce 22.84%	19,075	0.46
☰	MSFT - Microsoft Corp.	Reduce 23.83%	13,700	0.27
☰	LIN - Linde plc	Reduce 85.89%	42,000	0.92
☰	MKL - Markel Group Inc.	Sell 100.00%	25,190	1.90
☰	LILAK - Liberty Latin America Ltd.	Sell 100.00%	1,221,500	0.48
	Q4 2023
☰	MSFT - Microsoft Corp.	Reduce 0.35%	200	0.00
☰	LSXMK - Liberty Media Corp Del	Reduce 0.91%	16,187	0.02
☰	BRK.B - Berkshire Hathaway CL B	Reduce 2.07%	7,500	0.15
☰	LBTYK - Liberty Global Ltd.	Reduce 2.09%	57,300	0.03
☰	META - Meta Platforms, Inc.	Reduce 2.16%	5,000	0.08
☰	V - Visa Inc.	Reduce 2.67%	10,000	0.13
☰	ADI - Analog Devices, Inc.	Reduce 4.58%	11,000	0.11
☰	MA - Mastercard Inc.	Reduce 4.69%	10,000	0.22
☰	ACN - Accenture plc	Reduce 4.90%	5,000	0.08
☰	DHR - Danaher Corp.	Reduce 5.87%	21,703	0.26
☰	CSGP - CoStar Group, Inc.	Reduce 7.44%	70,500	0.30
☰	LAB - Standard BioTools Inc.	Reduce 7.76%	22,000	0.24
☰	VMC - Vulcan Materials Co.	Reduce 8.42%	25,500	0.29
☰	AMZN - Amazon.com, Inc.	Reduce 10.13%	40,000	0.28
☰	FIS - Fidelity National Information Services, Inc.	Reduce 10.97%	55,000	0.17
☰	GOOG - Alphabet Inc.	Reduce 12.43%	122,250	0.89
☰	MKL - Markel Group Inc.	Reduce 13.70%	4,000	0.33
☰	LIN - Linde plc	Reduce 16.77%	9,850	0.20
☰	MLM - Martin Marietta Materials, Inc.	Reduce 20.48%	12,700	0.29
☰	ROP - Roper Technologies, Inc.	Reduce 29.52%	30,200	0.81
☰	LM0G - Liberty Media Corp Del	Reduce 35.71%	175,000	0.31
☰	IT - Gartner, Inc.	Reduce 40.38%	56,550	1.07
☰	GWRE - Guidewire Software, Inc.	Reduce 43.37%	93,500	0.46
☰	ADBE - Adobe Inc.	Reduce 47.83%	27,500	0.77
	Q3 2023
☰	VMC - Vulcan Materials Co.	Reduce 0.88%	2,700	0.03
☰	LBTYK - Liberty Global Ltd.	Reduce 1.37%	38,200	0.02
☰	HON - Honeywell International Inc.	Reduce 1.74%	202	0.00
☰	BRK.B - Berkshire Hathaway CL B	Reduce 2.74%	10,200	0.19
☰	SPGI - S&P Global Inc.	Reduce 3.38%	2,643	0.05
☰	ADBE - Adobe Inc.	Reduce 4.17%	2,500	0.07
☰	GOOG - Alphabet Inc.	Reduce 4.61%	47,500	0.31
☰	KMX - CarMax, Inc.	Reduce 5.27%	40,000	0.18
☰	MLM - Martin Marietta Materials, Inc.	Reduce 6.20%	4,100	0.10
☰	META - Meta Platforms, Inc.	Reduce 8.04%	20,225	0.31
☰	AMZN - Amazon.com, Inc.	Reduce 8.14%	35,000	0.25
☰	MKL - Markel Group Inc.	Reduce 11.17%	3,670	0.27
☰	CSGP - CoStar Group, Inc.	Reduce 11.33%	121,000	0.58
☰	LILAK - Liberty Latin America Ltd.	Reduce 15.70%	334,880	0.11
☰	LBRDK - Liberty Broadband Corp.	Reduce 16.71%	142,578	0.57
☰	FIS - Fidelity National Information Services, Inc.	Reduce 25.32%	170,000	0.50
☰	LBRDA - Liberty Broadband Corp.	Reduce 26.32%	53,350	0.21
☰	BKI - Black Knight Inc	Sell 100.00%	311,400	1.00
	Q2 2023
☰	IT - Gartner, Inc.	Reduce 0.17%	240	0.00
☰	HEI.A - HEICO CL A	Reduce 0.22%	400	0.00
☰	LAB - Standard BioTools Inc.	Reduce 0.24%	650	0.01
☰	MA - Mastercard Inc.	Reduce 0.33%	700	0.01
☰	BRK.B - Berkshire Hathaway CL B	Reduce 0.35%	1,300	0.02
☰	LSXMK - Liberty Media Corp Del	Reduce 0.35%	6,200	0.01
☰	V - Visa Inc.	Reduce 0.37%	1,400	0.02
☰	MKL - Markel Group Inc.	Reduce 0.39%	130	0.01
☰	GWRE - Guidewire Software, Inc.	Reduce 0.42%	900	0.00
☰	LKQ - LKQ Corp.	Reduce 0.44%	1,800	0.01
☰	IEX - IDEX Corp.	Reduce 0.45%	300	0.00
☰	BKI - Black Knight Inc	Reduce 0.51%	1,600	0.01
☰	AON - Aon plc	Reduce 0.52%	750	0.01
☰	MLM - Martin Marietta Materials, Inc.	Reduce 0.68%	450	0.01
☰	LYV - Live Nation Entertainment, Inc.	Reduce 0.81%	500	0.00
☰	LILAK - Liberty Latin America Ltd.	Reduce 0.84%	18,106	0.01
☰	CCRD - Corecard Corporation	Reduce 0.99%	5,000	0.01
☰	CSGP - CoStar Group, Inc.	Reduce 2.98%	32,800	0.13
☰	TXN - Texas Instruments Inc.	Reduce 3.46%	6,100	0.07
☰	LBTYK - Liberty Global Ltd.	Reduce 3.57%	103,140	0.06
☰	KMX - CarMax, Inc.	Reduce 4.59%	36,497	0.14
☰	ADBE - Adobe Inc.	Reduce 7.69%	5,000	0.11
☰	VMC - Vulcan Materials Co.	Reduce 8.70%	29,100	0.29
☰	GOOG - Alphabet Inc.	Reduce 9.63%	109,860	0.66
☰	CRM - Salesforce, Inc.	Reduce 10.71%	15,000	0.17
☰	MSFT - Microsoft Corp.	Reduce 23.58%	17,800	0.30
☰	ORCL - Oracle Corp.	Reduce 34.44%	150,000	0.81
☰	META - Meta Platforms, Inc.	Reduce 40.52%	171,300	2.11
☰	DLB - Dolby Laboratories, Inc.	Sell 100.00%	79,500	0.39
☰	AXTA - Axalta Coating Systems Ltd.	Sell 100.00%	163,377	0.29
☰	IR - Ingersoll Rand Inc.	Sell 100.00%	80,000	0.27
	Q1 2023
☰	ADI - Analog Devices, Inc.	Reduce 0.08%	200	0.00
☰	CSGP - CoStar Group, Inc.	Reduce 0.45%	5,000	0.02
☰	AON - Aon plc	Reduce 1.69%	2,500	0.04
☰	BRK.B - Berkshire Hathaway CL B	Reduce 1.84%	7,000	0.12
☰	V - Visa Inc.	Reduce 2.59%	10,000	0.12
☰	TXN - Texas Instruments Inc.	Reduce 2.76%	5,000	0.05
☰	MA - Mastercard Inc.	Reduce 4.46%	10,000	0.20
☰	KMX - CarMax, Inc.	Reduce 5.29%	44,503	0.16
☰	BKI - Black Knight Inc	Reduce 6.01%	20,000	0.07
☰	LILAK - Liberty Latin America Ltd.	Reduce 6.40%	147,200	0.04
☰	LBTYK - Liberty Global Ltd.	Reduce 11.72%	382,955	0.22
☰	MKL - Markel Group Inc.	Reduce 11.77%	4,400	0.33
☰	CCRD - Corecard Corporation	Reduce 13.34%	77,723	0.13
☰	META - Meta Platforms, Inc.	Reduce 14.20%	70,000	0.48
☰	FIS - Fidelity National Information Services, Inc.	Reduce 32.46%	219,400	0.85
☰	AXTA - Axalta Coating Systems Ltd.	Reduce 68.64%	357,623	0.52
☰	SCHW - The Charles Schwab Corp.	Sell 100.00%	726,426	3.46
☰	LINEUR - Linde Plc	Sell 100.00%	58,750	1.10
☰	FRCB - First Rep Bk SAn Francisco C	Sell 100.00%	117,450	0.82
☰	MKTX - MarketAxess Holdings Inc.	Sell 100.00%	18,000	0.29
☰	RWT - Redwood Tr Inc	Sell 100.00%	125,485	0.05
☰	QVCAQ - Qurate Retail Inc	Sell 100.00%	300,000	0.03
	Q4 2022
☰	LAB - Standard BioTools Inc.	Reduce 0.90%	2,400	0.03
☰	6OL - Perimeter Solutions SA	Reduce 2.44%	50,000	0.02
☰	DHR - Danaher Corp.	Reduce 2.76%	7,695	0.11
☰	VMC - Vulcan Materials Co.	Reduce 2.77%	9,500	0.09
☰	LBRDK - Liberty Broadband Corp.	Reduce 2.85%	23,496	0.10
☰	LSXMK - Liberty Media Corp Del	Reduce 3.00%	50,000	0.11
☰	HON - Honeywell International Inc.	Reduce 3.72%	449	0.00
☰	MA - Mastercard Inc.	Reduce 4.27%	10,000	0.17
☰	LILAK - Liberty Latin America Ltd.	Reduce 4.29%	103,040	0.03
☰	MLM - Martin Marietta Materials, Inc.	Reduce 4.34%	3,000	0.06
☰	LKQ - LKQ Corp.	Reduce 4.61%	20,000	0.06
☰	MKL - Markel Group Inc.	Reduce 4.96%	1,950	0.13
☰	BRK.B - Berkshire Hathaway CL B	Reduce 4.99%	20,000	0.32
☰	SCHW - The Charles Schwab Corp.	Reduce 5.86%	45,224	0.19
☰	ADI - Analog Devices, Inc.	Reduce 5.87%	15,000	0.12
☰	TMO - Thermo Fisher Scientific Inc.	Reduce 6.85%	5,000	0.15
☰	IEX - IDEX Corp.	Reduce 6.93%	5,000	0.06
☰	V - Visa Inc.	Reduce 7.22%	30,000	0.32
☰	CCRD - Corecard Corporation	Reduce 7.50%	47,277	0.06
☰	BKI - Black Knight Inc	Reduce 10.72%	40,000	0.15
☰	LBTYK - Liberty Global Ltd.	Reduce 10.93%	401,100	0.21
☰	CSGP - CoStar Group, Inc.	Reduce 11.37%	141,900	0.59
☰	ROP - Roper Technologies, Inc.	Reduce 13.98%	15,000	0.32
☰	LSXMA - Liberty Media Corp Del	Reduce 17.33%	65,000	0.15
☰	LINEUR - Linde Plc	Reduce 21.02%	15,636	0.25
☰	AXTA - Axalta Coating Systems Ltd.	Reduce 28.97%	212,500	0.27
☰	ACIW - ACI Worldwide, Inc.	Reduce 47.47%	159,365	0.20
☰	MKTX - MarketAxess Holdings Inc.	Reduce 67.86%	38,000	0.50
☰	DNB - Dun & Bradstreet Hldgs Inc	Sell 100.00%	713,383	0.53
	Q3 2022
☰	IEX - IDEX Corp.	Reduce 1.37%	1,000	0.01
☰	GOOG - Alphabet Inc.	Reduce 1.72%	20,000	0.12
☰	DLB - Dolby Laboratories, Inc.	Reduce 1.85%	1,500	0.01
☰	6OL - Perimeter Solutions SA	Reduce 2.38%	50,000	0.03
☰	BRK.B - Berkshire Hathaway CL B	Reduce 2.44%	10,000	0.14
☰	TXN - Texas Instruments Inc.	Reduce 2.69%	5,000	0.04
☰	LAB - Standard BioTools Inc.	Reduce 2.71%	7,419	0.09
☰	LSXMK - Liberty Media Corp Del	Reduce 2.91%	50,000	0.10
☰	V - Visa Inc.	Reduce 4.59%	20,000	0.21
☰	LBRDA - Liberty Broadband Corp.	Reduce 5.00%	10,670	0.06
☰	LBTYK - Liberty Global Ltd.	Reduce 5.18%	200,550	0.12
☰	LINEUR - Linde Plc	Reduce 6.30%	5,000	0.08
☰	SPGI - S&P Global Inc.	Reduce 6.34%	5,285	0.09
☰	TMO - Thermo Fisher Scientific Inc.	Reduce 6.87%	5,382	0.15
☰	LILAK - Liberty Latin America Ltd.	Reduce 7.76%	202,135	0.06
☰	BKI - Black Knight Inc	Reduce 13.86%	60,000	0.21
☰	CSGP - CoStar Group, Inc.	Reduce 14.75%	215,900	0.69
☰	LSXMA - Liberty Media Corp Del	Reduce 14.77%	65,000	0.12
☰	IR - Ingersoll Rand Inc.	Reduce 38.46%	50,000	0.11
☰	DNB - Dun & Bradstreet Hldgs Inc	Reduce 58.91%	1,022,617	0.81
☰	CMCSA - Comcast Corp.	Reduce 87.45%	480,150	0.94
	Q2 2022
☰	LBTYK - Liberty Global Ltd.	Reduce 0.98%	38,200	0.02
☰	GOOG - Alphabet Inc.	Reduce 1.65%	19,500	0.12
☰	V - Visa Inc.	Reduce 2.24%	10,000	0.10
☰	CMCSA - Comcast Corp.	Reduce 4.32%	24,800	0.05
☰	LSXMK - Liberty Media Corp Del	Reduce 4.98%	90,000	0.18
☰	DNB - Dun & Bradstreet Hldgs Inc	Reduce 5.45%	100,000	0.08
☰	BRK.B - Berkshire Hathaway CL B	Reduce 5.74%	25,000	0.39
☰	LINEUR - Linde Plc	Reduce 5.93%	5,000	0.07
☰	AON - Aon plc	Reduce 6.33%	10,000	0.15
☰	MA - Mastercard Inc.	Reduce 9.65%	25,000	0.40
☰	MKL - Markel Group Inc.	Reduce 20.79%	10,328	0.68
☰	QVCAQ - Qurate Retail Inc	Reduce 60.53%	9,200	0.10
☰	AZO - AutoZone, Inc.	Sell 100.00%	24,185	2.21
☰	BATRK - Atlanta Braves Holdings, Inc.	Sell 100.00%	105,000	0.13
☰	BATRA - Atlanta Braves Holdings, Inc.	Sell 100.00%	11,000	0.01
	Q1 2022
☰	ORCL - Oracle Corp.	Reduce 0.45%	1,642	0.01
☰	CCRD - Corecard Corporation	Reduce 0.81%	5,000	0.01
☰	LSXMK - Liberty Media Corp Del	Reduce 1.36%	25,000	0.05
☰	CMCSA - Comcast Corp.	Reduce 4.44%	26,675	0.05
☰	LAB - Standard BioTools Inc.	Reduce 5.49%	15,900	0.20
☰	MKL - Markel Group Inc.	Reduce 11.89%	6,700	0.34
☰	BRK.B - Berkshire Hathaway CL B	Reduce 13.91%	70,369	0.85
☰	DEO - Diageo plc	Reduce 15.86%	2,205	0.02
☰	LKQ - LKQ Corp.	Reduce 22.83%	128,300	0.31
☰	AZO - AutoZone, Inc.	Reduce 26.80%	8,856	0.75
☰	QVCAQ - Qurate Retail Inc	Reduce 30.91%	6,800	0.11
☰	AON - Aon plc	Reduce 37.07%	93,007	1.13
☰	SCHW - The Charles Schwab Corp.	Reduce 41.09%	510,363	1.74
☰	JPM - JPMorgan Chase & Co.	Reduce 81.97%	75,465	0.48
	Q4 2021
☰	ORCL - Oracle Corp.	Reduce 0.10%	358	0.00
☰	GOOG - Alphabet Inc.	Reduce 1.47%	17,640	0.10
☰	CCRD - Corecard Corporation	Reduce 2.38%	15,000	0.03
☰	AZO - AutoZone, Inc.	Reduce 3.60%	1,234	0.09
☰	TMO - Thermo Fisher Scientific Inc.	Reduce 5.61%	4,658	0.11
☰	MLM - Martin Marietta Materials, Inc.	Reduce 6.06%	4,268	0.06
☰	SCHW - The Charles Schwab Corp.	Reduce 6.26%	82,987	0.26
☰	DEO - Diageo plc	Reduce 7.30%	1,095	0.01
☰	ACN - Accenture plc	Reduce 9.97%	9,768	0.13
☰	LKQ - LKQ Corp.	Reduce 15.11%	100,000	0.21
☰	VMC - Vulcan Materials Co.	Reduce 19.33%	81,015	0.58
☰	LAB - Standard BioTools Inc.	Reduce 19.84%	71,631	0.85
☰	AON - Aon plc	Reduce 36.49%	144,153	1.74
☰	JPM - JPMorgan Chase & Co.	Reduce 42.46%	67,935	0.47
	Q3 2021
☰	KMX - CarMax, Inc.	Reduce 1.80%	10,000	0.05
☰	AZO - AutoZone, Inc.	Reduce 2.00%	700	0.04
☰	LAB - Standard BioTools Inc.	Reduce 2.49%	9,200	0.11
☰	LBTYK - Liberty Global Ltd.	Reduce 2.85%	114,600	0.07
☰	DHR - Danaher Corp.	Reduce 6.06%	11,280	0.11
☰	AON - Aon plc	Reduce 6.57%	27,790	0.28
☰	RWT - Redwood Tr Inc	Reduce 76.64%	410,000	0.21
☰	FHB - First Hawaiian, Inc.	Sell 100.00%	150,000	0.18
☰	CHTR - Charter Communications, Inc.	Sell 100.00%	5,000	0.15
	Q2 2021
☰	CCRD - Intelligent Sys Corp New	Reduce 2.33%	15,000	0.03
☰	FIS - Fidelity National Information Services, Inc.	Reduce 2.55%	10,000	0.06
☰	KMX - CarMax, Inc.	Reduce 2.63%	15,000	0.09
☰	TXN - Texas Instruments Inc.	Reduce 2.63%	5,000	0.04
☰	LSXMK - Liberty Media Corp Del	Reduce 2.66%	50,000	0.10
☰	GOOG - Alphabet Inc.	Reduce 3.23%	40,000	0.18
☰	MKL - Markel Group Inc.	Reduce 3.44%	2,000	0.10
☰	VMC - Vulcan Materials Co.	Reduce 3.45%	15,000	0.11
☰	RWT - Redwood Tr Inc	Reduce 4.80%	27,000	0.01
☰	ACN - Accenture plc	Reduce 4.85%	5,000	0.06
☰	SCHW - The Charles Schwab Corp.	Reduce 6.03%	85,000	0.25
☰	ADI - Analog Devices, Inc.	Reduce 6.19%	15,000	0.10
☰	LAB - Standard BioTools Inc.	Reduce 6.33%	25,000	0.28
☰	CMCSA - Comcast Corp.	Reduce 8.20%	53,350	0.12
☰	BRK.B - Berkshire Hathaway CL B	Reduce 10.80%	61,150	0.70
☰	JPM - JPMorgan Chase & Co.	Reduce 12.33%	22,500	0.15
☰	AZO - AutoZone, Inc.	Reduce 12.51%	5,000	0.31
☰	DEO - Diageo plc	Reduce 16.67%	3,000	0.02
☰	ORCL - Oracle Corp.	Reduce 33.18%	180,000	0.56
☰	ACIW - ACI Worldwide, Inc.	Reduce 43.28%	225,600	0.39
☰	SUM - Summit Matls Inc	Sell 100.00%	1,300,600	1.63
☰	BOX - Box, Inc.	Sell 100.00%	1,244,000	1.27
	Q1 2021
☰	V - Visa Inc.	Reduce 0.07%	300	0.00
☰	MA - Mastercard Inc.	Reduce 0.09%	215	0.00
☰	RWT - Redwood Tr Inc	Reduce 1.20%	6,850	0.00
☰	BKI - Black Knight Inc	Reduce 2.54%	10,000	0.04
☰	DHR - Danaher Corp.	Reduce 2.94%	5,640	0.05
☰	GOOG - Alphabet Inc.	Reduce 3.75%	48,200	0.18
☰	ADI - Analog Devices, Inc.	Reduce 3.96%	10,000	0.06
☰	GWRE - Guidewire Software, Inc.	Reduce 3.98%	7,500	0.04
☰	LILAK - Liberty Latin America Ltd.	Reduce 4.21%	114,484	0.04
☰	VMC - Vulcan Materials Co.	Reduce 5.34%	24,500	0.16
☰	BRK.B - Berkshire Hathaway CL B	Reduce 9.61%	60,221	0.60
☰	IR - Ingersoll Rand Inc.	Reduce 13.33%	20,000	0.04
☰	LAB - Standard BioTools Inc.	Reduce 13.41%	61,200	0.54
☰	TXN - Texas Instruments Inc.	Reduce 13.74%	30,300	0.21
☰	CCRD - Intelligent Sys Corp New	Reduce 14.00%	105,000	0.18
☰	LINEUR - Linde Plc	Reduce 15.15%	15,000	0.17
☰	SCHW - The Charles Schwab Corp.	Reduce 15.21%	253,000	0.58
☰	JPM - JPMorgan Chase & Co.	Reduce 17.05%	37,500	0.20
☰	KMX - CarMax, Inc.	Reduce 21.44%	155,456	0.63
☰	SUM - Summit Matls Inc	Reduce 24.49%	421,900	0.36
☰	FHB - First Hawaiian, Inc.	Reduce 25.00%	50,000	0.05
☰	ORCL - Oracle Corp.	Reduce 26.14%	192,000	0.53
☰	ACIW - ACI Worldwide, Inc.	Reduce 27.76%	200,300	0.33
☰	QVCAQ - Qurate Retail Inc	Reduce 31.25%	10,000	0.24
☰	DEO - Diageo plc	Reduce 87.55%	126,600	0.87
☰	BRK.A - Berkshire Hathaway CL A	Sell 100.00%	558	8.35
☰	VTI - Vanguard Total Stock Market Index Fund ETF Shares	Sell 100.00%	8,068	0.07
☰	VEA - Vanguard FTSE Developed Markets Index Fund ETF Shares	Sell 100.00%	16,555	0.03
☰	BSV - Vanguard Short-Term Bond Index Fund ETF Shares	Sell 100.00%	4,692	0.02
☰	IWB - iShares Russell 1000 ETF	Sell 100.00%	1,648	0.02
☰	BIV - Vanguard Bd Index Fds	Sell 100.00%	2,371	0.01
☰	AAPL - Apple Inc.	Sell 100.00%	560	0.00
☰	DD - DuPont de Nemours, Inc.	Sell 100.00%	185	0.00
	Q4 2020
☰	LAB - Standard BioTools Inc.	Reduce 2.14%	10,000	0.09
☰	VMC - Vulcan Materials Co.	Reduce 2.65%	12,500	0.08
☰	BKI - Black Knight Inc	Reduce 4.15%	17,000	0.07
☰	ORCL - Oracle Corp.	Reduce 4.55%	35,000	0.10
☰	LINEUR - Linde Plc	Reduce 4.81%	5,000	0.06
☰	ADI - Analog Devices, Inc.	Reduce 5.61%	15,000	0.08
☰	DEO - Diageo plc	Reduce 8.48%	13,400	0.09
☰	GWRE - Guidewire Software, Inc.	Reduce 9.60%	20,000	0.10
☰	SCHW - The Charles Schwab Corp.	Reduce 10.22%	189,300	0.32
☰	DHR - Danaher Corp.	Reduce 10.53%	22,560	0.20
☰	TXN - Texas Instruments Inc.	Reduce 11.09%	27,500	0.19
☰	BRK.B - Berkshire Hathaway CL B	Reduce 11.98%	85,250	0.86
☰	ACIW - ACI Worldwide, Inc.	Reduce 13.43%	111,985	0.14
☰	TMO - Thermo Fisher Scientific Inc.	Reduce 14.21%	13,500	0.28
☰	CCRD - Intelligent Sys Corp New	Reduce 15.73%	140,000	0.26
☰	JPM - JPMorgan Chase & Co.	Reduce 16.03%	42,000	0.19
☰	QVCAQ - Qurate Retail Inc	Reduce 16.23%	6,200	0.11
☰	FHB - First Hawaiian, Inc.	Reduce 16.67%	40,000	0.03
☰	IR - Ingersoll Rand Inc.	Reduce 21.05%	40,000	0.07
☰	RWT - Redwood Tr Inc	Reduce 67.97%	1,207,200	0.43
☰	GLIBA - Liberty Capital Corp.	Sell 100.00%	89,000	0.34
	Q3 2020
☰	CMCSA - Comcast Corp.	Reduce 1.65%	10,670	0.02
☰	MKL - Markel Group Inc.	Reduce 2.20%	1,200	0.06
☰	KMX - CarMax, Inc.	Reduce 2.31%	15,000	0.07
☰	V - Visa Inc.	Reduce 2.92%	12,500	0.12
☰	TXN - Texas Instruments Inc.	Reduce 3.01%	7,700	0.05
☰	ORCL - Oracle Corp.	Reduce 3.75%	30,000	0.08
☰	DHR - Danaher Corp.	Reduce 5.00%	11,280	0.09
☰	IR - Ingersoll Rand Inc.	Reduce 5.00%	10,000	0.01
☰	LINEUR - Linde Plc	Reduce 5.45%	6,000	0.06
☰	BKI - Black Knight Inc	Reduce 6.92%	30,500	0.11
☰	GWRE - Guidewire Software, Inc.	Reduce 7.75%	17,500	0.10
☰	MA - Mastercard Inc.	Reduce 9.40%	25,000	0.37
☰	BRK.B - Berkshire Hathaway CL B	Reduce 10.10%	80,000	0.72
☰	CCRD - Intelligent Sys Corp New	Reduce 10.87%	108,497	0.18
☰	TMO - Thermo Fisher Scientific Inc.	Reduce 13.64%	15,000	0.27
☰	CRM - Salesforce, Inc.	Reduce 14.29%	20,000	0.19
☰	AMZN - Amazon.com, Inc.	Reduce 18.75%	60,000	0.41
☰	FHB - First Hawaiian, Inc.	Reduce 20.00%	60,000	0.05
☰	LBRDK - Liberty Broadband Corp.	Reduce 22.17%	174,938	1.02
☰	GOOG - Alphabet Inc.	Reduce 24.65%	420,600	1.49
☰	META - Meta Platforms, Inc.	Reduce 24.70%	83,300	0.95
☰	LBRDA - Liberty Broadband Corp.	Reduce 25.17%	48,015	0.27
☰	RWT - Redwood Tr Inc	Reduce 45.53%	1,484,800	0.52
☰	EQC - Equity Comwlth	Sell 100.00%	145,000	0.23
	Q2 2020
☰	LSXMK - Liberty Media Corp Del	Reduce 0.02%	300	0.00
☰	ACIW - ACI Worldwide, Inc.	Reduce 0.72%	6,065	0.01
☰	MKL - Markel Group Inc.	Reduce 1.00%	552	0.03
☰	GOOG - Alphabet Inc.	Reduce 5.12%	92,000	0.29
☰	KMX - CarMax, Inc.	Reduce 5.30%	36,400	0.10
☰	SUM - Summit Matls Inc	Reduce 5.42%	98,700	0.08
☰	ORCL - Oracle Corp.	Reduce 6.04%	51,400	0.13
☰	LBRDA - Liberty Broadband Corp.	Reduce 7.14%	14,672	0.08
☰	AXTA - Axalta Coating Systems Ltd.	Reduce 8.17%	65,300	0.06
☰	CHTR - Charter Communications, Inc.	Reduce 9.09%	500	0.01
☰	RWT - Redwood Tr Inc	Reduce 9.09%	326,000	0.09
☰	MA - Mastercard Inc.	Reduce 9.37%	27,500	0.36
☰	V - Visa Inc.	Reduce 10.45%	50,000	0.43
☰	LKQ - LKQ Corp.	Reduce 11.23%	77,400	0.09
☰	META - Meta Platforms, Inc.	Reduce 11.29%	42,900	0.38
☰	IR - Ingersoll Rand Inc.	Reduce 13.04%	30,000	0.04
☰	LAB - Standard BioTools Inc.	Reduce 14.42%	75,950	0.51
☰	TXN - Texas Instruments Inc.	Reduce 15.13%	45,600	0.24
☰	JPM - JPMorgan Chase & Co.	Reduce 16.03%	50,000	0.24
☰	BOX - Box, Inc.	Reduce 16.28%	204,000	0.15
☰	AMZN - Amazon.com, Inc.	Reduce 17.95%	70,000	0.36
☰	LBRDK - Liberty Broadband Corp.	Reduce 18.42%	178,203	0.99
☰	LILAK - Liberty Latin America Ltd.	Reduce 20.72%	594,353	0.21
☰	BKI - Black Knight Inc	Reduce 24.62%	143,900	0.45
☰	QVCAQ - Qurate Retail Inc	Reduce 30.16%	9,500	0.15
☰	CCRD - Intelligent Sys Corp New	Reduce 35.12%	540,503	0.98
☰	EQC - Equity Comwlth	Reduce 42.00%	105,000	0.18
☰	LBTYK - Liberty Global Ltd.	Reduce 42.26%	2,916,570	1.28
☰	GLIBA - Liberty Capital Corp.	Reduce 47.65%	81,000	0.25
☰	XLF - State Street Financial Select Sector SPDR ETF	Sell 100.00%	1,200,000	1.33
☰	MRVL - Marvell Technology, Inc.	Sell 100.00%	670,600	0.81
☰	DXC - DXC Technology Co.	Sell 100.00%	600,000	0.42
☰	EXPE - Expedia Group, Inc.	Sell 100.00%	30,000	0.09
☰	LM09 - Liberty Media Corp Del	Sell 100.00%	50,000	0.07
☰	LM05 - Liberty Media Corp Del	Sell 100.00%	27,500	0.04
	Q1 2020
☰	LKQ - LKQ Corp.	Reduce 0.07%	500	0.00
☰	LBTYK - Liberty Global Ltd.	Reduce 0.40%	27,504	0.01
☰	MA - Mastercard Inc.	Reduce 0.93%	2,750	0.03
☰	META - Meta Platforms, Inc.	Reduce 1.04%	4,000	0.03
☰	BRK.B - Berkshire Hathaway CL B	Reduce 1.43%	11,500	0.10
☰	AXTA - Axalta Coating Systems Ltd.	Reduce 1.82%	14,775	0.02
☰	V - Visa Inc.	Reduce 2.05%	10,000	0.08
☰	LAB - Standard BioTools Inc.	Reduce 2.87%	15,575	0.11
☰	GOOG - Alphabet Inc.	Reduce 4.34%	81,600	0.22
☰	LSXMA - Liberty Media Corp Del	Reduce 6.33%	25,000	0.05
☰	MRVL - Marvell Technology, Inc.	Reduce 6.42%	46,000	0.05
☰	CHTR - Charter Communications, Inc.	Reduce 8.33%	500	0.01
☰	TXN - Texas Instruments Inc.	Reduce 9.37%	31,150	0.16
☰	BKI - Black Knight Inc	Reduce 14.05%	95,500	0.25
☰	MLM - Martin Marietta Materials, Inc.	Reduce 14.32%	9,100	0.10
☰	SCHW - The Charles Schwab Corp.	Reduce 15.03%	223,450	0.43
☰	LBRDK - Liberty Broadband Corp.	Reduce 16.52%	191,432	0.91
☰	CCRD - Intelligent Sys Corp New	Reduce 18.18%	341,905	0.55
☰	BOX - Box, Inc.	Reduce 21.35%	340,100	0.23
☰	LINEUR - Linde Plc	Reduce 32.52%	53,000	0.46
☰	QVCAQ - Qurate Retail Inc	Reduce 47.62%	28,638	0.49
☰	EXPE - Expedia Group, Inc.	Reduce 89.62%	259,130	1.13
☰	BKNG - Booking Holdings Inc.	Sell 100.00%	643,250	2.13
☰	DLTR - Dollar Tree, Inc.	Sell 100.00%	200,000	0.76
☰	TDG - TransDigm Group Inc.	Sell 100.00%	28,355	0.64
☰	PRSP - Perspecta Inc	Sell 100.00%	550,000	0.58
☰	GDI-W - Gardner Denver Hldgs Inc	Sell 100.00%	230,000	0.34
☰	FBIN - Fortune Brands Innovations, Inc.	Sell 100.00%	75,000	0.20
	Q4 2019
☰	BRK.B - Berkshire Hathaway CL B	Reduce 0.07%	536	0.00
☰	LBTYK - Liberty Global Ltd.	Reduce 1.36%	95,500	0.05
☰	TXN - Texas Instruments Inc.	Reduce 2.21%	7,500	0.04
☰	BOX - Box, Inc.	Reduce 3.04%	50,000	0.03
☰	SCHW - The Charles Schwab Corp.	Reduce 3.25%	50,000	0.09
☰	LAB - Standard BioTools Inc.	Reduce 3.71%	20,900	0.15
☰	RWT - Redwood Tr Inc	Reduce 4.41%	150,000	0.10
☰	GOOG - Alphabet Inc.	Reduce 4.59%	90,500	0.23
☰	META - Meta Platforms, Inc.	Reduce 4.71%	19,000	0.14
☰	BKI - Black Knight Inc	Reduce 4.90%	35,000	0.09
☰	LBRDK - Liberty Broadband Corp.	Reduce 6.06%	74,760	0.31
☰	LKQ - LKQ Corp.	Reduce 8.12%	61,000	0.08
☰	V - Visa Inc.	Reduce 8.13%	43,240	0.31
☰	GWRE - Guidewire Software, Inc.	Reduce 9.42%	22,500	0.10
☰	SUM - Summit Matls Inc	Reduce 10.44%	200,900	0.19
☰	MA - Mastercard Inc.	Reduce 12.03%	40,525	0.46
☰	CCRD - Intelligent Sys Corp New	Reduce 13.12%	284,095	0.49
☰	KMX - CarMax, Inc.	Reduce 16.76%	136,200	0.50
☰	DLTR - Dollar Tree, Inc.	Reduce 20.00%	50,000	0.24
☰	DXC - DXC Technology Co.	Reduce 25.00%	150,000	0.19
☰	GLIBA - Liberty Capital Corp.	Reduce 52.45%	187,500	0.49
☰	SWK - Stanley Black & Decker, Inc.	Sell 100.00%	97,795	0.59
☰	EXP - Eagle Materials Inc.	Sell 100.00%	57,500	0.22
☰	MYE - Myers Industries, Inc.	Sell 100.00%	211,200	0.16
☰	SPY - State Street SPDR S&P 500 ETF Trust	Sell 100.00%	180	0.00
	Q3 2019
☰	BRK.B - Berkshire Hathaway CL B	Reduce 0.69%	5,600	0.05
☰	ACN - Accenture plc	Reduce 0.97%	1,000	0.01
☰	RWT - Redwood Tr Inc	Reduce 1.31%	45,000	0.03
☰	VMC - Vulcan Materials Co.	Reduce 1.35%	4,300	0.02
☰	DEO - Diageo plc	Reduce 1.92%	2,500	0.02
☰	LBTYK - Liberty Global Ltd.	Reduce 2.44%	175,720	0.10
☰	AXTA - Axalta Coating Systems Ltd.	Reduce 2.63%	22,000	0.03
☰	LSXMK - Liberty Media Corp Delaware	Reduce 3.12%	53,000	0.08
☰	EXP - Eagle Materials Inc.	Reduce 3.36%	2,000	0.01
☰	MLM - Martin Marietta Materials, Inc.	Reduce 3.79%	2,500	0.02
☰	GOOG - Alphabet Inc.	Reduce 4.60%	95,000	0.21
☰	CCRD - Intelligent Sys Corp New	Reduce 4.63%	105,000	0.12
☰	BKI - Black Knight Inc	Reduce 4.79%	36,000	0.09
☰	META - Meta Platforms, Inc.	Reduce 4.82%	20,400	0.16
☰	LBRDK - Liberty Broadband Corp.	Reduce 6.29%	82,850	0.33
☰	CHTR - Charter Communications, Inc.	Reduce 7.69%	500	0.01
☰	LAB - Standard BioTools Inc.	Reduce 8.03%	49,200	0.35
☰	SWK - Stanley Black & Decker, Inc.	Reduce 8.85%	9,500	0.06
☰	V - Visa Inc.	Reduce 9.06%	52,930	0.38
☰	KMX - CarMax, Inc.	Reduce 11.61%	106,700	0.38
☰	MA - Mastercard Inc.	Reduce 12.22%	46,910	0.51
☰	IWB - iShares Russell 1000 ETF	Reduce 13.17%	250	0.00
☰	TXN - Texas Instruments Inc.	Reduce 14.39%	57,150	0.27
☰	BKNG - Booking Holdings Inc.	Reduce 14.48%	108,875	0.33
☰	SUM - Summit Matls Inc	Reduce 21.01%	511,550	0.40
☰	DXC - DXC Technology Co.	Reduce 21.93%	168,500	0.38
☰	MRVL - Marvell Technology, Inc.	Reduce 30.78%	318,700	0.31
☰	LM09 - Liberty Media Corp Delaware	Reduce 33.33%	25,000	0.04
☰	CMCSA - Comcast Corp.	Reduce 35.46%	354,724	0.57
☰	TDG - TransDigm Group Inc.	Reduce 65.61%	54,090	1.07
☰	WAIR - Wesco Aircraft Hldgs Inc	Sell 100.00%	1,500,000	0.68
☰	LEXEA - Liberty Expedia Hldgs Inc	Sell 100.00%	150,000	0.29
☰	CMP - Compass Minerals International, Inc.	Sell 100.00%	74,200	0.17
	Q2 2019
☰	RWT - Redwood Tr Inc	Reduce 0.29%	10,000	0.01
☰	AON - Aon plc	Reduce 0.47%	1,000	0.01
☰	AXTA - Axalta Coating Systems Ltd.	Reduce 0.59%	5,000	0.01
☰	GLIBA - Liberty Capital Corp.	Reduce 1.24%	4,500	0.01
☰	LBRDA - Liberty Broadband Corp.	Reduce 1.28%	2,667	0.01
☰	ORCL - Oracle Corp.	Reduce 1.86%	15,000	0.03
☰	META - Meta Platforms, Inc.	Reduce 2.31%	10,000	0.07
☰	TDG - TransDigm Group Inc.	Reduce 2.48%	2,100	0.04
☰	LBTYK - Liberty Global Ltd.	Reduce 2.69%	199,022	0.11
☰	LINEUR - Linde Plc	Reduce 4.12%	7,000	0.05
☰	V - Visa Inc.	Reduce 4.23%	25,800	0.17
☰	CMCSA - Comcast Corp.	Reduce 5.41%	57,191	0.09
☰	MA - Mastercard Inc.	Reduce 5.85%	23,850	0.24
☰	LILAK - Liberty Latin America Ltd.	Reduce 6.93%	168,676	0.09
☰	CHTR - Charter Communications, Inc.	Reduce 7.14%	500	0.01
☰	ACIW - ACI Worldwide, Inc.	Reduce 9.09%	20,000	0.03
☰	LAB - Standard BioTools Inc.	Reduce 9.16%	61,750	0.40
☰	SWK - Stanley Black & Decker, Inc.	Reduce 9.30%	11,000	0.06
☰	LBRDK - Liberty Broadband Corp.	Reduce 14.59%	224,788	0.83
☰	KMX - CarMax, Inc.	Reduce 18.19%	204,350	0.61
☰	DLTR - Dollar Tree, Inc.	Reduce 20.00%	55,000	0.25
☰	EXP - Eagle Materials Inc.	Reduce 24.20%	19,000	0.07
☰	MRVL - Marvell Technology, Inc.	Reduce 38.20%	640,000	0.55
☰	CMP - Compass Minerals International, Inc.	Reduce 48.83%	70,800	0.17
☰	LM05 - Liberty Media Corp Delaware	Reduce 64.52%	50,000	0.07
☰	LM09 - Liberty Media Corp Delaware	Reduce 72.73%	200,000	0.30
☰	MUSA - Murphy USA Inc.	Sell 100.00%	40,000	0.15
☰	TUPBQ - Tupperware Brands Corp	Sell 100.00%	91,778	0.10
☰	MDLZ - Mondelez International, Inc.	Sell 100.00%	30,000	0.06
	Q1 2019
☰	LILAK - Liberty Latin America Ltd.	Reduce 0.03%	626	0.00
☰	QVCAQ - Qurate Retail Inc	Reduce 0.09%	30	0.00
☰	TXN - Texas Instruments Inc.	Reduce 0.15%	600	0.00
☰	SWK - Stanley Black & Decker, Inc.	Reduce 0.25%	300	0.00
☰	GOOG - Alphabet Inc.	Reduce 0.37%	7,400	0.02
☰	LINEUR - Linde Plc	Reduce 0.80%	1,376	0.01
☰	TMO - Thermo Fisher Scientific Inc.	Reduce 0.82%	873	0.01
☰	ACN - Accenture plc	Reduce 0.83%	864	0.01
☰	MLM - Martin Marietta Materials, Inc.	Reduce 1.64%	1,100	0.01
☰	LAB - Standard BioTools Inc.	Reduce 2.18%	15,050	0.09
☰	V - Visa Inc.	Reduce 3.78%	23,949	0.15
☰	LBTYK - Liberty Global Ltd.	Reduce 5.44%	425,271	0.22
☰	GLIBA - Liberty Capital Corp.	Reduce 5.97%	23,000	0.04
☰	SUM - Summit Matls Inc	Reduce 6.39%	151,300	0.09
☰	CMP - Compass Minerals International, Inc.	Reduce 6.45%	10,000	0.02
☰	BRK.B - Berkshire Hathaway CL B	Reduce 6.55%	56,229	0.54
☰	CMCSA - Comcast Corp.	Reduce 6.94%	78,857	0.12
☰	META - Meta Platforms, Inc.	Reduce 6.96%	32,407	0.20
☰	DXC - DXC Technology Co.	Reduce 7.95%	53,400	0.13
☰	MA - Mastercard Inc.	Reduce 9.85%	44,551	0.40
☰	WAIR - Wesco Aircraft Hldgs Inc	Reduce 11.76%	200,000	0.08
☰	DLTR - Dollar Tree, Inc.	Reduce 19.75%	67,700	0.29
☰	AON - Aon plc	Reduce 19.93%	53,199	0.37
☰	LBRDK - Liberty Broadband Corp.	Reduce 22.06%	436,305	1.40
☰	CHTR - Charter Communications, Inc.	Reduce 22.22%	2,000	0.03
☰	ACIW - ACI Worldwide, Inc.	Reduce 32.31%	105,000	0.14
☰	ORCL - Oracle Corp.	Reduce 35.47%	442,337	0.95
☰	LBRDA - Liberty Broadband Corp.	Reduce 36.07%	117,370	0.38
☰	TUPBQ - Tupperware Brands Corp	Reduce 38.81%	58,222	0.09
☰	BATRK - Atlanta Braves Holdings, Inc.	Reduce 57.14%	140,000	0.17
☰	BATRA - Atlanta Braves Holdings, Inc.	Reduce 64.52%	20,000	0.03
☰	AGN - Allergan Plc	Sell 100.00%	383,236	2.43
☰	MHK - Mohawk Industries, Inc.	Sell 100.00%	136,075	0.75
☰	NWS.A - Twenty First Centy Fox Inc	Sell 100.00%	290,000	0.66
☰	DISCK - Discovery Inc	Sell 100.00%	200,000	0.22
☰	LGF.B - Lions Gate Entmnt Corp	Sell 100.00%	150,000	0.11
☰	LGF.A - Lions Gate Entmnt Corp	Sell 100.00%	125,000	0.10
☰	BUD - Anheuser-Busch InBev SA/NV	Sell 100.00%	20,000	0.06
☰	NWS - News Corp.	Sell 100.00%	3,934	0.01
	Q4 2018
☰	ORCL - Oracle Corp.	Reduce 0.24%	2,976	0.01
☰	DLTR - Dollar Tree, Inc.	Reduce 0.34%	1,155	0.00
☰	ACN - Accenture plc	Reduce 0.35%	360	0.00
☰	BRK.A - Berkshire Hathaway CL A	Reduce 1.06%	6	0.08
☰	MA - Mastercard Inc.	Reduce 1.16%	5,327	0.05
☰	CMCSA - Comcast Corp.	Reduce 1.58%	18,292	0.03
☰	V - Visa Inc.	Reduce 1.61%	10,366	0.07
☰	LBRDK - Liberty Broadband Corp.	Reduce 3.60%	73,854	0.25
☰	WAIR - Wesco Aircraft Hldgs Inc	Reduce 5.56%	100,000	0.05
☰	LBTYK - Liberty Global Ltd.	Reduce 5.59%	463,083	0.29
☰	QVCAQ - Qurate Retail Inc	Reduce 5.87%	2,066	0.10
☰	BRK.B - Berkshire Hathaway CL B	Reduce 6.85%	63,117	0.57
☰	TMO - Thermo Fisher Scientific Inc.	Reduce 8.67%	10,051	0.10
☰	LBRDA - Liberty Broadband Corp.	Reduce 10.29%	37,345	0.12
☰	NWS.A - Twenty First Centy Fox Inc	Reduce 10.77%	35,000	0.07
☰	ACIW - ACI Worldwide, Inc.	Reduce 13.33%	50,000	0.06
☰	AON - Aon plc	Reduce 16.81%	53,942	0.35
☰	RWT - Redwood Tr Inc	Reduce 20.45%	724,100	0.50
☰	AGN - Allergan Plc	Reduce 24.15%	122,034	0.99
☰	NWS - News Corp.	Reduce 32.27%	1,874	0.00
☰	LEXEA - Liberty Expedia Holdings	Reduce 44.44%	100,000	0.20
☰	TUPBQ - Tupperware Brands Corp	Reduce 66.29%	295,000	0.42
☰	DISCK - Discovery Inc	Reduce 70.76%	484,100	0.61
☰	CHTR - Charter Communications, Inc.	Reduce 71.88%	23,000	0.32
☰	WFC - Wells Fargo & Co.	Sell 100.00%	541,196	1.21
☰	PX - Praxair Inc	Sell 100.00%	171,950	1.17
☰	PXD - Pioneer Nat Res Co	Sell 100.00%	58,668	0.43
☰	GOOGL - Alphabet Inc.	Sell 100.00%	147	0.01
	Q3 2018
☰	LAB - Standard BioTools Inc.	Reduce 0.20%	1,250	0.01
☰	AON - Aon plc	Reduce 0.62%	2,000	0.01
☰	EQC - Equity Comwlth	Reduce 1.57%	4,000	0.01
☰	PX - Praxair Inc	Reduce 1.71%	3,000	0.02
☰	LBRDA - Liberty Broadband Corp.	Reduce 2.86%	10,670	0.03
☰	RWT - Redwood Tr Inc	Reduce 5.11%	190,700	0.14
☰	LSXMA - Liberty Media Corp Delaware	Reduce 6.33%	25,000	0.05
☰	MA - Mastercard Inc.	Reduce 7.41%	36,627	0.32
☰	ACN - Accenture plc	Reduce 8.75%	10,000	0.07
☰	LBRDK - Liberty Broadband Corp.	Reduce 10.88%	250,312	0.78
☰	ORCL - Oracle Corp.	Reduce 11.67%	165,150	0.32
☰	TMO - Thermo Fisher Scientific Inc.	Reduce 11.79%	15,500	0.14
☰	V - Visa Inc.	Reduce 17.09%	132,871	0.78
☰	BRK.B - Berkshire Hathaway CL B	Reduce 18.39%	207,654	1.71
☰	WAIR - Wesco Aircraft Hldgs Inc	Reduce 20.29%	458,238	0.23
☰	AGN - Allergan Plc	Reduce 22.27%	144,771	1.07
☰	LEXEA - Liberty Expedia Holdings	Reduce 25.00%	75,000	0.15
☰	PRSP - Perspecta Inc	Reduce 27.21%	143,926	0.13
☰	AMZN - Amazon.com, Inc.	Reduce 30.33%	70,480	0.26
☰	GLIBA - Liberty Capital Corp.	Reduce 37.87%	234,700	0.47
☰	TUPBQ - Tupperware Brands Corp	Reduce 40.55%	303,500	0.55
☰	DISCK - Discovery Inc	Reduce 44.93%	558,200	0.63
☰	MUSA - Murphy USA Inc.	Reduce 48.63%	28,400	0.09
☰	DHR - Danaher Corp.	Reduce 51.56%	139,376	0.54
☰	XOXO - Xo Group Inc	Sell 100.00%	4,137	0.01
	Q2 2018
☰	BRK.B - Berkshire Hathaway CL B	Reduce 0.04%	450	0.00
☰	DHR - Danaher Corp.	Reduce 0.05%	139	0.00
☰	AON - Aon plc	Reduce 0.06%	188	0.00
☰	LBTYK - Liberty Global Ltd.	Reduce 0.08%	6,361	0.00
☰	ACN - Accenture plc	Reduce 0.11%	122	0.00
☰	AMZN - Amazon.com, Inc.	Reduce 0.11%	260	0.00
☰	PX - Praxair Inc	Reduce 0.11%	190	0.00
☰	TMO - Thermo Fisher Scientific Inc.	Reduce 0.12%	157	0.00
☰	BKNG - Booking Holdings Inc.	Reduce 0.15%	175	0.00
☰	TDG - TransDigm Group Inc.	Reduce 0.17%	51	0.00
☰	V - Visa Inc.	Reduce 0.69%	5,400	0.03
☰	TXN - Texas Instruments Inc.	Reduce 2.54%	10,000	0.05
☰	GWRE - Guidewire Software, Inc.	Reduce 2.78%	2,000	0.01
☰	AGN - Allergan Plc	Reduce 3.04%	20,358	0.16
☰	DXC - DXC Technology Co.	Reduce 5.73%	29,628	0.12
☰	LSXMK - Liberty Media Corp Delaware	Reduce 6.63%	101,862	0.19
☰	MA - Mastercard Inc.	Reduce 6.81%	36,093	0.29
☰	WAIR - Wesco Aircraft Hldgs Inc	Reduce 13.14%	341,762	0.16
☰	LAB - Standard BioTools Inc.	Reduce 17.71%	132,437	0.97
☰	GOOGL - Alphabet Inc.	Reduce 21.25%	680	0.00
☰	RWT - Redwood Tr Inc	Reduce 21.88%	1,045,000	0.73
☰	NWS.A - Twenty First Centy Fox Inc	Reduce 27.78%	125,000	0.21
☰	PXD - Pioneer Nat Res Co	Reduce 27.83%	22,626	0.18
☰	NWS - News Corp.	Reduce 33.58%	2,937	0.00
☰	XOXO - Xo Group Inc	Reduce 99.39%	670,863	0.64
☰	ALSN - Allison Transmission Holdings, Inc.	Sell 100.00%	709,600	1.26
☰	MOO - Monsanto Co New	Sell 100.00%	186,850	0.99
☰	FLIR - Flir Sys Inc	Sell 100.00%	161,100	0.37
	Q1 2018
☰	DHR - Danaher Corp.	Reduce 0.05%	123	0.00
☰	WFC - Wells Fargo & Co.	Reduce 0.07%	354	0.00
☰	ACN - Accenture plc	Reduce 0.11%	121	0.00
☰	TMO - Thermo Fisher Scientific Inc.	Reduce 0.11%	144	0.00
☰	CMCSA - Comcast Corp.	Reduce 0.14%	919	0.00
☰	BRK.B - Berkshire Hathaway CL B	Reduce 0.67%	7,666	0.07
☰	V - Visa Inc.	Reduce 0.88%	6,946	0.04
☰	LAB - Standard BioTools Inc.	Reduce 1.45%	10,991	0.08
☰	MOO - Monsanto Co New	Reduce 2.69%	5,172	0.03
☰	LBRDK - Liberty Broadband Corp.	Reduce 4.63%	106,489	0.38
☰	ALSN - Allison Transmission Holdings, Inc.	Reduce 7.25%	55,500	0.11
☰	VTI - Vanguard Total Stock Market Index Fund ETF Shares	Reduce 10.93%	990	0.01
☰	LSXMK - Liberty Media Corp Delaware	Reduce 11.55%	200,645	0.36
☰	WAIR - Wesco Aircraft Hldgs Inc	Reduce 13.33%	400,000	0.13
☰	PX - Praxair Inc	Reduce 13.55%	27,452	0.19
☰	LBTYK - Liberty Global Ltd.	Reduce 15.48%	1,452,837	1.16
☰	VEA - Vanguard FTSE Developed Markets Index Fund ETF Shares	Reduce 15.55%	3,049	0.01
☰	GOOGL - Alphabet Inc.	Reduce 15.79%	600	0.00
☰	MA - Mastercard Inc.	Reduce 21.00%	140,936	0.96
☰	TXN - Texas Instruments Inc.	Reduce 21.97%	111,000	0.52
☰	AMZN - Amazon.com, Inc.	Reduce 30.13%	100,340	0.27
☰	MUSA - Murphy USA Inc.	Reduce 30.77%	20,000	0.07
☰	PXD - Pioneer Nat Res Co	Reduce 34.49%	42,804	0.33
☰	NWS - News Corp.	Reduce 36.64%	5,056	0.01
☰	SPY - State Street SPDR S&P 500 ETF Trust	Reduce 54.43%	215	0.00
☰	FLIR - Flir Sys Inc	Reduce 61.79%	260,515	0.55
☰	NWS.A - Twenty First Centy Fox Inc	Reduce 72.74%	1,200,500	1.87
☰	LVNTB - Liberty Interactive Corp	Sell 100.00%	785,000	1.92
☰	1LGE - Liberty Global Plc	Sell 100.00%	1,537,874	1.38
☰	RRC - Range Resources Corp.	Sell 100.00%	814,184	0.63
☰	PCLN - Priceline Grp Inc	Sell 100.00%	5,520	0.43
☰	HAL - Halliburton Co.	Sell 100.00%	126,980	0.28
☰	CHUBK - Commercehub Inc	Sell 100.00%	54,000	0.05
☰	NCMI - National CineMedia, Inc.	Sell 100.00%	150,000	0.05
☰	CHUBA - Commercehub Inc	Sell 100.00%	27,000	0.03
☰	DG - Dollar General Corp.	Sell 100.00%	1,430	0.01
☰	VIG - Vanguard Dividend Appreciation Index Fund ETF Shares	Sell 100.00%	430	0.00
	Q4 2017
☰	PX - Praxair Inc	Reduce 0.03%	60	0.00
☰	AON - Aon plc	Reduce 0.07%	210	0.00
☰	LAB - Standard BioTools Inc.	Reduce 0.35%	2,700	0.02
☰	BRK.B - Berkshire Hathaway CL B	Reduce 0.63%	7,232	0.06
☰	DEO - Diageo plc	Reduce 0.76%	1,000	0.01
☰	V - Visa Inc.	Reduce 1.00%	8,000	0.04
☰	GOOG - Alphabet Inc.	Reduce 1.17%	22,460	0.05
☰	MA - Mastercard Inc.	Reduce 5.43%	38,510	0.24
☰	TXN - Texas Instruments Inc.	Reduce 5.69%	30,500	0.12
☰	NWS - News Corp.	Reduce 7.26%	1,080	0.00
☰	XOXO - Xo Group Inc	Reduce 9.14%	67,917	0.06
☰	NWS.A - Twenty First Centy Fox Inc	Reduce 13.15%	249,800	0.30
☰	LM09 - Liberty Media Corp Delaware	Reduce 21.43%	75,000	0.13
☰	DLTR - Dollar Tree, Inc.	Reduce 25.13%	76,550	0.30
☰	ACN - Accenture plc	Reduce 31.38%	52,350	0.32
☰	WFC - Wells Fargo & Co.	Reduce 34.96%	290,700	0.72
☰	FLIR - Flir Sys Inc	Reduce 40.21%	283,500	0.49
☰	MUSA - Murphy USA Inc.	Reduce 48.00%	60,000	0.19
☰	CHUBA - Commercehub Inc	Reduce 71.28%	67,000	0.07
☰	CHUBK - Commercehub Inc	Reduce 71.28%	134,000	0.13
☰	NCMI - National CineMedia, Inc.	Reduce 75.00%	45,000	0.14
☰	UPS - United Parcel Service, Inc.	Sell 100.00%	157,736	0.85
☰	DISCA - Discovery Communicatns New	Sell 100.00%	500,000	0.48
☰	CVS - CVS Health Corp.	Sell 100.00%	113,291	0.41
☰	WTW - Willis Towers Watson Public Ltd. Co.	Sell 100.00%	7,000	0.05
☰	OEF - iShares S&P 100 ETF	Sell 100.00%	128	0.00
	Q3 2017
☰	GOOG - Alphabet Inc.	Reduce 0.16%	3,100	0.01
☰	WFC - Wells Fargo & Co.	Reduce 0.20%	1,670	0.00
☰	TXN - Texas Instruments Inc.	Reduce 0.24%	1,270	0.00
☰	V - Visa Inc.	Reduce 0.24%	1,950	0.01
☰	ORCL - Oracle Corp.	Reduce 0.25%	2,925	0.01
☰	RRC - Range Resources Corp.	Reduce 0.28%	2,300	0.00
☰	1LGE - Liberty Global Plc	Reduce 0.32%	4,900	0.00
☰	LAB - Standard BioTools Inc.	Reduce 0.36%	2,715	0.02
☰	LSXMK - Liberty Media Corp Delaware	Reduce 0.37%	6,510	0.01
☰	NWS.A - Twenty First Centy Fox Inc	Reduce 0.38%	7,300	0.01
☰	MOO - Monsanto Co New	Reduce 2.54%	5,000	0.03
☰	LBTYK - Liberty Global Ltd.	Reduce 2.78%	268,155	0.21
☰	RWT - Redwood Tr Inc	Reduce 3.40%	145,300	0.12
☰	LSXMA - Liberty Media Corp Delaware	Reduce 3.66%	15,000	0.03
☰	LBRDK - Liberty Broadband Corp.	Reduce 3.74%	88,681	0.34
☰	IWB - iShares Russell 1000 ETF	Reduce 4.29%	85	0.00
☰	MA - Mastercard Inc.	Reduce 4.57%	33,990	0.20
☰	BRK.A - Berkshire Hathaway CL A	Reduce 4.88%	20	0.24
☰	FLIR - Flir Sys Inc	Reduce 5.75%	43,050	0.07
☰	AON - Aon plc	Reduce 12.44%	45,724	0.29
☰	NCMI - National CineMedia, Inc.	Reduce 14.29%	10,000	0.04
☰	MUSA - Murphy USA Inc.	Reduce 18.25%	27,896	0.10
☰	DISCK - Discovery Communicatns New	Reduce 40.47%	503,970	0.60
☰	FOSL - Fossil Group, Inc.	Sell 100.00%	135,000	0.07
	Q2 2017
☰	MA - Mastercard Inc.	Reduce 0.20%	1,510	0.01
☰	DEO - Diageo plc	Reduce 0.43%	570	0.00
☰	GOOG - Alphabet Inc.	Reduce 0.51%	9,800	0.02
☰	WFC - Wells Fargo & Co.	Reduce 0.72%	6,050	0.02
☰	BRK.A - Berkshire Hathaway CL A	Reduce 0.73%	3	0.03
☰	BRK.B - Berkshire Hathaway CL B	Reduce 1.05%	12,065	0.09
☰	FLIR - Flir Sys Inc	Reduce 1.08%	8,150	0.01
☰	RRC - Range Resources Corp.	Reduce 1.18%	9,720	0.01
☰	TXN - Texas Instruments Inc.	Reduce 1.24%	6,740	0.02
☰	ALSN - Allison Transmission Holdings, Inc.	Reduce 1.33%	8,920	0.01
☰	LBRDK - Liberty Broadband Corp.	Reduce 1.35%	32,454	0.12
☰	MOO - Monsanto Co New	Reduce 1.66%	3,329	0.02
☰	V - Visa Inc.	Reduce 1.91%	15,542	0.06
☰	LSXMK - Liberty Media Corp Delaware	Reduce 2.84%	50,870	0.09
☰	LBTYK - Liberty Global Ltd.	Reduce 2.89%	287,646	0.24
☰	TMO - Thermo Fisher Scientific Inc.	Reduce 2.95%	4,000	0.03
☰	ORCL - Oracle Corp.	Reduce 3.37%	40,350	0.08
☰	PX - Praxair Inc	Reduce 5.15%	11,011	0.06
☰	XOXO - Xo Group Inc	Reduce 5.40%	42,429	0.03
☰	AGN - Allergan Plc	Reduce 5.95%	30,508	0.33
☰	AMZN - Amazon.com, Inc.	Reduce 6.42%	16,000	0.03
☰	CVS - CVS Health Corp.	Reduce 7.23%	8,832	0.03
☰	MUSA - Murphy USA Inc.	Reduce 8.78%	14,718	0.05
☰	RWT - Redwood Tr Inc	Reduce 10.65%	510,150	0.38
☰	AON - Aon plc	Reduce 11.86%	49,480	0.26
☰	ACIW - ACI Worldwide, Inc.	Reduce 12.03%	20,083	0.02
☰	PXD - Pioneer Nat Res Co	Reduce 14.66%	19,283	0.16
☰	FOSL - Fossil Group, Inc.	Reduce 15.60%	24,953	0.02
☰	NWS.A - Twenty First Centy Fox Inc	Reduce 24.33%	613,350	0.89
☰	NCMI - National CineMedia, Inc.	Reduce 25.51%	23,970	0.14
☰	LEXEA - Liberty Expedia Holdings	Reduce 32.47%	100,000	0.20
☰	DISCK - Discovery Communicatns New	Reduce 33.00%	613,314	0.78
☰	GWRE - Guidewire Software, Inc.	Reduce 47.53%	22,645	0.06
☰	DG - Dollar General Corp.	Reduce 71.24%	3,543	0.01
☰	NWS - News Corp.	Reduce 90.95%	149,609	0.21
☰	AAPL - Apple Inc.	Reduce 93.91%	8,640	0.01
☰	WTW - Willis Towers Watson Public Ltd. Co.	Reduce 95.86%	162,228	0.95
☰	ILE - Ilg Inc	Sell 100.00%	2,234,256	2.10
☰	AMT - American Tower Corp.	Sell 100.00%	8,828	0.05
☰	DFIN - Donnelley Financial Solutions, Inc.	Sell 100.00%	44,100	0.04
☰	ZOES - Zoes Kitchen Inc	Sell 100.00%	43,408	0.04
☰	AVP - Avon Prods Inc	Sell 100.00%	131,000	0.03
☰	CRM - Salesforce, Inc.	Sell 100.00%	8,000	0.03
☰	FIS - Fidelity National Information Services, Inc.	Sell 100.00%	8,000	0.03
☰	SUM - Summit Matls Inc	Sell 100.00%	18,722	0.02
☰	THR-OLD - Thermon Group Holdings, Inc.	Sell 100.00%	16,868	0.02
☰	VHT - Vanguard Health Care Index Fund ETF Shares	Sell 100.00%	2,083	0.01
	Q1 2017
☰	HAL - Halliburton Co.	Reduce 0.14%	177	0.00
☰	MOO - Monsanto Co New	Reduce 0.14%	283	0.00
☰	ACN - Accenture plc	Reduce 0.15%	251	0.00
☰	UPS - United Parcel Service, Inc.	Reduce 0.17%	274	0.00
☰	BRK.A - Berkshire Hathaway CL A	Reduce 0.48%	2	0.02
☰	DEO - Diageo plc	Reduce 0.70%	925	0.00
☰	EQC - Equity Comwlth	Reduce 0.78%	2,000	0.00
☰	CMCSA - Comcast Corp.	Reduce 1.83%	12,185	0.02
☰	LM09 - Liberty Media Corp Delaware	Reduce 2.21%	7,900	0.01
☰	CHUBA - Commercehub Inc	Reduce 2.48%	2,390	0.00
☰	CHUBK - Commercehub Inc	Reduce 2.48%	4,780	0.00
☰	BATRK - Atlanta Braves Holdings, Inc.	Reduce 2.58%	5,700	0.01
☰	LBRDA - Liberty Broadband Corp.	Reduce 3.14%	12,094	0.04
☰	LVNTB - Liberty Interactive Corp	Reduce 3.15%	24,800	0.04
☰	LEXEA - Liberty Expedia Holdings	Reduce 3.19%	10,160	0.02
☰	LBTYK - Liberty Global Ltd.	Reduce 4.91%	513,647	0.34
☰	LAB - Standard BioTools Inc.	Reduce 4.97%	38,732	0.21
☰	GOOG - Alphabet Inc.	Reduce 5.13%	104,480	0.17
☰	V - Visa Inc.	Reduce 5.23%	44,983	0.15
☰	LBRDK - Liberty Broadband Corp.	Reduce 5.27%	133,744	0.40
☰	AON - Aon plc	Reduce 5.37%	23,677	0.11
☰	ORCL - Oracle Corp.	Reduce 5.38%	68,101	0.11
☰	MA - Mastercard Inc.	Reduce 5.79%	45,794	0.20
☰	BRK.B - Berkshire Hathaway CL B	Reduce 5.95%	72,767	0.51
☰	WFC - Wells Fargo & Co.	Reduce 6.55%	58,792	0.14
☰	PXD - Pioneer Nat Res Co	Reduce 6.89%	9,737	0.08
☰	RRC - Range Resources Corp.	Reduce 7.45%	66,465	0.10
☰	TXN - Texas Instruments Inc.	Reduce 7.55%	44,415	0.14
☰	WTW - Willis Towers Watson Public Ltd. Co.	Reduce 7.84%	14,405	0.08
☰	FLIR - Flir Sys Inc	Reduce 8.84%	73,355	0.11
☰	CRM - Salesforce, Inc.	Reduce 11.11%	1,000	0.00
☰	RWT - Redwood Tr Inc	Reduce 11.40%	616,565	0.40
☰	DISCK - Discovery Communicatns New	Reduce 11.56%	242,915	0.28
☰	ILE - Ilg Inc	Reduce 11.66%	294,915	0.23
☰	1LGE - Liberty Global Plc	Reduce 16.09%	198,980	0.18
☰	AGN - Allergan Plc	Reduce 19.65%	125,330	1.14
☰	NWS.A - Twenty First Centy Fox Inc	Reduce 19.95%	628,300	0.76
☰	ALSN - Allison Transmission Holdings, Inc.	Reduce 24.96%	222,632	0.32
☰	LSXMK - Liberty Media Corp Delaware	Reduce 28.78%	723,438	1.06
☰	NWS - News Corp.	Reduce 47.03%	146,015	0.17
☰	AAPL - Apple Inc.	Reduce 70.30%	21,780	0.03
☰	FOSL - Fossil Group, Inc.	Reduce 76.04%	507,647	0.57
☰	AVP - Avon Prods Inc	Reduce 94.50%	2,251,690	0.49
☰	TDG - TransDigm Group Inc.	Sell 100.00%	255,691	2.75
☰	MSI - Motorola Solutions, Inc.	Sell 100.00%	164,458	0.59
☰	IWV - iShares Russell 3000 ETF	Sell 100.00%	11,000	0.06
☰	CMG - Chipotle Mexican Grill, Inc.	Sell 100.00%	1,553	0.03
☰	USB - U.S. Bancorp	Sell 100.00%	205	0.00
	Q4 2016
☰	MA - Mastercard Inc.	Reduce 0.77%	6,101	0.03
☰	MOO - Monsanto Co New	Reduce 0.83%	1,671	0.01
☰	LBRDA - Liberty Broadband Corp.	Reduce 0.91%	3,523	0.01
☰	TDG - TransDigm Group Inc.	Reduce 1.70%	4,421	0.05
☰	CMCSA - Comcast Corp.	Reduce 1.97%	13,380	0.02
☰	BRK.A - Berkshire Hathaway CL A	Reduce 2.58%	11	0.10
☰	LBRDK - Liberty Broadband Corp.	Reduce 3.11%	81,512	0.22
☰	DISCK - Discovery Communicatns New	Reduce 3.34%	72,545	0.08
☰	RRC - Range Resources Corp.	Reduce 3.84%	35,670	0.06
☰	GOOG - Alphabet Inc.	Reduce 4.18%	88,720	0.14
☰	LSXMA - Liberty Media Corp Delaware	Reduce 4.65%	20,000	0.03
☰	PXD - Pioneer Nat Res Co	Reduce 6.68%	10,105	0.08
☰	WTW - Willis Towers Watson Public Ltd. Co.	Reduce 9.68%	19,686	0.11
☰	AVP - Avon Prods Inc	Reduce 9.77%	257,885	0.06
☰	ACN - Accenture plc	Reduce 10.21%	19,000	0.09
☰	FLIR - Flir Sys Inc	Reduce 10.30%	95,285	0.12
☰	RWT - Redwood Tr Inc	Reduce 10.45%	631,198	0.36
☰	ALSN - Allison Transmission Holdings, Inc.	Reduce 10.61%	105,870	0.12
☰	AON - Aon plc	Reduce 10.62%	52,386	0.24
☰	SUM - Summit Matls Inc	Reduce 10.85%	2,278	0.00
☰	BRK.B - Berkshire Hathaway CL B	Reduce 15.34%	221,493	1.30
☰	XOXO - Xo Group Inc	Reduce 16.35%	153,197	0.12
☰	FOSL - Fossil Group, Inc.	Reduce 16.73%	134,146	0.15
☰	NWS.A - Twenty First Centy Fox Inc	Reduce 20.20%	797,395	0.79
☰	UPS - United Parcel Service, Inc.	Reduce 20.39%	40,330	0.18
☰	TXN - Texas Instruments Inc.	Reduce 21.46%	160,690	0.46
☰	LSXMK - Liberty Media Corp Delaware	Reduce 26.42%	902,594	1.23
☰	MSI - Motorola Solutions, Inc.	Reduce 31.19%	74,552	0.23
☰	USB - U.S. Bancorp	Reduce 34.92%	110	0.00
☰	AAPL - Apple Inc.	Reduce 35.10%	16,756	0.02
☰	HAL - Halliburton Co.	Reduce 37.20%	75,330	0.14
☰	LM09 - Liberty Media Corp Delaware	Reduce 40.91%	247,800	0.28
☰	WFC - Wells Fargo & Co.	Reduce 40.93%	622,389	1.12
☰	NCMI - National CineMedia, Inc.	Reduce 52.34%	92,862	0.55
☰	ESRX - Express Scripts Hldg Co	Sell 100.00%	1,000,693	2.88
☰	IILGV - Interval Leisure Group Inc	Sell 100.00%	2,914,327	2.04
☰	LVNTA - Liberty Interactive Corp	Sell 100.00%	965,400	1.57
☰	MCK - McKesson Corp.	Sell 100.00%	58,080	0.39
☰	2818750Q - Lions Gate Entmnt Corp	Sell 100.00%	457,400	0.37
☰	EOG - EOG Resources, Inc.	Sell 100.00%	91,270	0.36
☰	BRO - Brown & Brown, Inc.	Sell 100.00%	80,000	0.12
☰	ODFL - Old Dominion Freight Line, Inc.	Sell 100.00%	13,480	0.04
	Q3 2016
☰	LBRDA - Liberty Broadband Corp.	Reduce 1.07%	4,216	0.01
☰	GOOG - Alphabet Inc.	Reduce 1.34%	28,820	0.04
☰	BRK.B - Berkshire Hathaway CL B	Reduce 2.22%	32,794	0.19
☰	FLIR - Flir Sys Inc	Reduce 3.04%	28,975	0.04
☰	ESRX - Express Scripts Hldg Co	Reduce 4.40%	46,078	0.14
☰	LAB - Standard BioTools Inc.	Reduce 4.87%	39,254	0.21
☰	UPS - United Parcel Service, Inc.	Reduce 5.72%	12,000	0.05
☰	1LGE - Liberty Global Plc	Reduce 6.81%	65,314	0.09
☰	WAIR - Wesco Aircraft Hldgs Inc	Reduce 7.90%	226,993	0.12
☰	TDG - TransDigm Group Inc.	Reduce 9.30%	26,661	0.28
☰	FOSL - Fossil Group, Inc.	Reduce 10.10%	90,038	0.10
☰	RWT - Redwood Tr Inc	Reduce 10.16%	682,649	0.38
☰	TXN - Texas Instruments Inc.	Reduce 10.25%	85,553	0.22
☰	ALSN - Allison Transmission Holdings, Inc.	Reduce 11.00%	123,320	0.14
☰	RRC - Range Resources Corp.	Reduce 11.26%	117,827	0.20
☰	AON - Aon plc	Reduce 11.91%	66,681	0.29
☰	ODFL - Old Dominion Freight Line, Inc.	Reduce 12.35%	5,697	0.00
☰	BRK.A - Berkshire Hathaway CL A	Reduce 13.41%	66	0.57
☰	WTW - Willis Towers Watson Public Ltd. Co.	Reduce 13.49%	31,695	0.16
☰	MUSA - Murphy USA Inc.	Reduce 14.29%	25,000	0.07
☰	XOXO - Xo Group Inc	Reduce 15.23%	168,315	0.12
☰	PXD - Pioneer Nat Res Co	Reduce 16.48%	29,855	0.18
☰	AAPL - Apple Inc.	Reduce 18.56%	10,876	0.01
☰	LSXMK - Liberty Media Corp Delaware	Reduce 19.96%	852,286	1.05
☰	NCMI - National CineMedia, Inc.	Reduce 22.42%	51,276	0.32
☰	IILGV - Interval Leisure Group Inc	Reduce 24.54%	947,967	0.60
☰	LSXMA - Liberty Media Corp Delaware	Reduce 28.66%	172,747	0.22
☰	NWS - News Corp.	Reduce 30.14%	110,845	0.12
☰	LM09 - Liberty Media Corp Delaware	Reduce 40.98%	420,574	0.32
☰	EOG - EOG Resources, Inc.	Reduce 45.37%	75,800	0.25
☰	BRO - Brown & Brown, Inc.	Reduce 46.67%	140,000	0.11
☰	LM05 - Liberty Media Corp Delaware	Reduce 48.11%	71,850	0.05
☰	AVP - Avon Prods Inc	Reduce 48.62%	2,498,860	0.38
☰	EQC - Equity Comwlth	Reduce 56.46%	332,000	0.39
☰	MSI - Motorola Solutions, Inc.	Reduce 65.87%	461,295	1.22
☰	DISCA - Discovery Communicatns New	Sell 100.00%	1,514,280	1.53
	Q2 2016
☰	LVNTA - Liberty Interactive Corp	Reduce 0.62%	6,000	0.01
☰	WTW - Willis Towers Watson Public Ltd. Co.	Reduce 1.00%	2,364	0.01
☰	ESRX - Express Scripts Hldg Co	Reduce 1.06%	11,168	0.03
☰	WAIR - Wesco Aircraft Hldgs Inc	Reduce 1.56%	45,514	0.02
☰	XOXO - Xo Group Inc	Reduce 2.13%	24,100	0.01
☰	NWS - News Corp.	Reduce 2.92%	11,065	0.01
☰	BRK.A - Berkshire Hathaway CL A	Reduce 3.53%	18	0.15
☰	BRK.B - Berkshire Hathaway CL B	Reduce 3.70%	56,688	0.31
☰	TDG - TransDigm Group Inc.	Reduce 4.02%	12,002	0.10
☰	DISCK - Discovery Communicatns New	Reduce 4.40%	36,695	0.04
☰	ALSN - Allison Transmission Holdings, Inc.	Reduce 4.99%	58,940	0.06
☰	TXN - Texas Instruments Inc.	Reduce 5.45%	48,095	0.10
☰	RWT - Redwood Tr Inc	Reduce 7.17%	518,942	0.26
☰	FLIR - Flir Sys Inc	Reduce 8.70%	90,865	0.11
☰	LBRDA - Liberty Broadband Corp.	Reduce 8.88%	38,323	0.08
☰	AVP - Avon Prods Inc	Reduce 11.01%	635,685	0.12
☰	DISCA - Discovery Communicatns New	Reduce 12.45%	215,420	0.23
☰	LBTYK - Liberty Global Ltd.	Reduce 13.79%	1,631,811	1.06
☰	FOSL - Fossil Group, Inc.	Reduce 13.83%	143,127	0.24
☰	AON - Aon plc	Reduce 14.17%	92,418	0.37
☰	MSI - Motorola Solutions, Inc.	Reduce 14.75%	121,145	0.35
☰	HAL - Halliburton Co.	Reduce 21.83%	56,560	0.08
☰	EOG - EOG Resources, Inc.	Reduce 39.23%	107,850	0.30
☰	PXD - Pioneer Nat Res Co	Reduce 50.67%	186,076	0.99
☰	RRC - Range Resources Corp.	Reduce 56.18%	1,341,078	1.65
☰	BRO - Brown & Brown, Inc.	Reduce 82.41%	1,405,486	0.96
☰	LM02 - Liberty Media Corp Delaware	Sell 100.00%	4,351,543	6.29
☰	ENDPQ - Endo Intl Plc	Sell 100.00%	968,093	1.03
☰	LM0 - Liberty Media Corp Delaware	Sell 100.00%	603,782	0.89
☰	OMC - Omnicom Group Inc.	Sell 100.00%	238,783	0.75
☰	LYV - Live Nation Entertainment, Inc.	Sell 100.00%	150,000	0.13
☰	MNR - Monmouth Real Estate Invt Co	Sell 100.00%	4,893	0.00
	Q1 2016
☰	ESRX - Express Scripts Hldg Co	Reduce 0.05%	517	0.00
☰	LM02 - Liberty Media Corp Delaware	Reduce 0.58%	25,563	0.04
☰	LBTYK - Liberty Global Ltd.	Reduce 0.59%	70,531	0.05
☰	BRK.B - Berkshire Hathaway CL B	Reduce 0.92%	14,258	0.07
☰	ALSN - Allison Transmission Holdings, Inc.	Reduce 1.37%	16,435	0.02
☰	AON - Aon plc	Reduce 1.60%	10,637	0.04
☰	MSI - Motorola Solutions, Inc.	Reduce 1.95%	16,296	0.04
☰	DISCK - Discovery Communicatns New	Reduce 1.97%	16,765	0.02
☰	FLIR - Flir Sys Inc	Reduce 2.27%	24,320	0.03
☰	GOOG - Alphabet Inc.	Reduce 2.27%	48,760	0.07
☰	LM0 - Liberty Media Corp Delaware	Reduce 2.54%	15,741	0.02
☰	ORCL - Oracle Corp.	Reduce 4.49%	19,175	0.03
☰	GOOGL - Alphabet Inc.	Reduce 7.32%	300	0.00
☰	EOG - EOG Resources, Inc.	Reduce 8.38%	25,160	0.07
☰	WAIR - Wesco Aircraft Hldgs Inc	Reduce 9.99%	323,900	0.14
☰	ACN - Accenture plc	Reduce 11.67%	24,572	0.09
☰	HAL - Halliburton Co.	Reduce 11.70%	34,320	0.04
☰	TXN - Texas Instruments Inc.	Reduce 12.05%	120,947	0.24
☰	PXD - Pioneer Nat Res Co	Reduce 15.05%	65,084	0.30
☰	OMC - Omnicom Group Inc.	Reduce 15.71%	44,490	0.12
☰	AVP - Avon Prods Inc	Reduce 17.71%	1,243,100	0.19
☰	FOSL - Fossil Group, Inc.	Reduce 18.11%	228,847	0.31
☰	BRO - Brown & Brown, Inc.	Reduce 18.66%	391,234	0.23
☰	TDG - TransDigm Group Inc.	Reduce 20.77%	78,304	0.66
☰	XOXO - Xo Group Inc	Reduce 20.87%	297,760	0.18
☰	DISCA - Discovery Communicatns New	Reduce 21.11%	462,959	0.46
☰	RRC - Range Resources Corp.	Reduce 25.99%	838,181	0.76
☰	MOO - Monsanto Co New	Reduce 49.43%	197,648	0.72
☰	MNR - Monmouth Real Estate Invt Co	Reduce 67.81%	10,307	0.01
☰	NWS - News Corp.	Reduce 81.99%	1,724,688	1.74
☰	PCP - Precision Castparts Corp	Sell 100.00%	428,851	3.68
☰	ADT - ADT Inc.	Sell 100.00%	1,275,483	1.55
☰	ICON* - Iconix Brand Group Inc	Sell 100.00%	2,228,265	0.56
☰	IWV - iShares Russell 3000 ETF	Sell 100.00%	41,515	0.18
☰	MSFT - Microsoft Corp.	Sell 100.00%	25,000	0.05
☰	CLB - Core Laboratories Inc.	Sell 100.00%	10,000	0.04
☰	CPGX - Columbia Pipeline Group Inc	Sell 100.00%	12,250	0.01
☰	MRC - Mrc Global Inc	Sell 100.00%	23,530	0.01
	Q4 2015
☰	MOO - Monsanto Co New	Reduce 0.49%	1,962	0.01
☰	LBRDA - Liberty Broadband Corp.	Reduce 0.63%	2,737	0.00
☰	ALSN - Allison Transmission Holdings, Inc.	Reduce 0.69%	8,306	0.01
☰	ESRX - Express Scripts Hldg Co	Reduce 0.72%	7,633	0.02
☰	WFC - Wells Fargo & Co.	Reduce 1.52%	18,296	0.03
☰	TXN - Texas Instruments Inc.	Reduce 1.82%	18,646	0.03
☰	BRK.A - Berkshire Hathaway CL A	Reduce 1.92%	10	0.07
☰	BRK.B - Berkshire Hathaway CL B	Reduce 2.14%	33,820	0.15
☰	OMC - Omnicom Group Inc.	Reduce 2.26%	6,553	0.01
☰	PCP - Precision Castparts Corp	Reduce 2.66%	11,712	0.09
☰	PXD - Pioneer Nat Res Co	Reduce 4.13%	18,640	0.08
☰	NWS - News Corp.	Reduce 4.17%	91,535	0.08
☰	LAB - Standard BioTools Inc.	Reduce 4.85%	35,692	0.13
☰	WAIR - Wesco Aircraft Hldgs Inc	Reduce 5.92%	204,100	0.08
☰	BRO - Brown & Brown, Inc.	Reduce 6.12%	136,736	0.07
☰	1LGE - Liberty Global Plc	Reduce 6.23%	18,200	0.02
☰	LM02 - Liberty Media Corp Delaware	Reduce 7.56%	358,017	0.42
☰	ACN - Accenture plc	Reduce 8.62%	19,855	0.07
☰	UPS - United Parcel Service, Inc.	Reduce 9.31%	21,521	0.07
☰	ADT - ADT Inc.	Reduce 10.72%	153,141	0.16
☰	AVP - Avon Prods Inc	Reduce 14.57%	1,197,088	0.13
☰	NCMI - National CineMedia, Inc.	Reduce 16.22%	44,080	0.20
☰	MSFT - Microsoft Corp.	Reduce 16.67%	5,000	0.01
☰	TDG - TransDigm Group Inc.	Reduce 21.50%	103,278	0.75
☰	MSI - Motorola Solutions, Inc.	Reduce 23.34%	255,067	0.60
☰	DISCA - Discovery Communicatns New	Reduce 23.73%	682,341	0.61
☰	PX - Praxair Inc	Reduce 23.74%	50,654	0.18
☰	XOXO - Xo Group Inc	Reduce 24.07%	452,328	0.22
☰	ICON* - Iconix Brand Group Inc	Reduce 28.97%	908,737	0.42
☰	ENDPQ - Endo Intl Plc	Reduce 29.57%	287,555	0.68
☰	EQC - Equity Comwlth	Reduce 31.23%	267,000	0.25
☰	LM0 - Liberty Media Corp Delaware	Reduce 43.76%	482,010	0.59
☰	MRC - Mrc Global Inc	Reduce 62.72%	39,580	0.01
☰	ORCL - Oracle Corp.	Reduce 69.93%	994,384	1.22
☰	LYV - Live Nation Entertainment, Inc.	Reduce 73.24%	410,500	0.34
☰	ACIW - ACI Worldwide, Inc.	Reduce 74.74%	274,304	0.19
☰	CLB - Core Laboratories Inc.	Reduce 95.64%	219,200	0.75
☰	GGQ7 - Google Inc	Sell 100.00%	128,562	2.67
☰	GGQ1 - Google Inc	Sell 100.00%	48,570	1.06
☰	8229862Z - Angies List Inc	Sell 100.00%	3,428,562	0.59
☰	CMLS - Cumulus Media Inc	Sell 100.00%	3,880,000	0.09
☰	CMCSK - Comcast Corp New	Sell 100.00%	6,500	0.01
☰	POST - Post Holdings, Inc.	Sell 100.00%	5,300	0.01
	Q3 2015
☰	LM0 - Liberty Media Corp Delaware	Reduce 0.16%	1,739	0.00
☰	BRK.A - Berkshire Hathaway CL A	Reduce 0.38%	2	0.01
☰	WFC - Wells Fargo & Co.	Reduce 2.40%	29,637	0.05
☰	LBTYK - Liberty Global Ltd.	Reduce 4.34%	526,795	0.35
☰	8229862Z - Angies List Inc	Reduce 4.72%	170,000	0.03
☰	ESRX - Express Scripts Hldg Co	Reduce 5.45%	61,430	0.17
☰	AVP - Avon Prods Inc	Reduce 7.26%	643,582	0.13
☰	PXD - Pioneer Nat Res Co	Reduce 7.75%	37,895	0.16
☰	GGQ1 - Google Inc	Reduce 9.47%	5,080	0.09
☰	NWS - News Corp.	Reduce 11.08%	273,442	0.28
☰	TDG - TransDigm Group Inc.	Reduce 13.79%	76,863	0.54
☰	ACIW - ACI Worldwide, Inc.	Reduce 17.53%	78,000	0.06
☰	LYV - Live Nation Entertainment, Inc.	Reduce 21.11%	150,000	0.13
☰	CLB - Core Laboratories Inc.	Reduce 24.90%	76,000	0.27
☰	MSFT - Microsoft Corp.	Reduce 25.00%	10,000	0.02
☰	DISCK - Discovery Communicatns New	Reduce 79.76%	2,634,873	2.56
☰	POST - Post Holdings, Inc.	Reduce 98.65%	592,192	0.65
☰	MLM - Martin Marietta Materials, Inc.	Sell 100.00%	700,680	3.10
☰	CTRX - Catamaran Corp	Sell 100.00%	630,219	1.20
☰	WKC - World Kinect Corp.	Sell 100.00%	200,000	0.30
☰	PBH - Prestige Consumer Healthcare Inc.	Sell 100.00%	160,000	0.23
☰	BHI - Baker Hughes Inc	Sell 100.00%	90,550	0.17
	Q2 2015
☰	LM0 - Liberty Media Corp Delaware	Reduce 0.02%	200	0.00
☰	BRK.A - Berkshire Hathaway CL A	Reduce 0.19%	1	0.01
☰	AON - Aon plc	Reduce 2.86%	19,032	0.06
☰	MRC - Mrc Global Inc	Reduce 3.07%	2,000	0.00
☰	LAB - Standard BioTools Inc.	Reduce 3.40%	25,409	0.10
☰	WAIR - Wesco Aircraft Hldgs Inc	Reduce 3.94%	116,500	0.05
☰	IILGV - Interval Leisure Group Inc	Reduce 4.64%	122,065	0.10
☰	CLB - Core Laboratories Inc.	Reduce 7.29%	24,000	0.08
☰	PXD - Pioneer Nat Res Co	Reduce 7.29%	38,428	0.19
☰	8229862Z - Angies List Inc	Reduce 7.81%	305,000	0.05
☰	MLM - Martin Marietta Materials, Inc.	Reduce 9.37%	72,436	0.31
☰	ADT - ADT Inc.	Reduce 10.86%	168,462	0.21
☰	XOXO - Xo Group Inc	Reduce 11.59%	245,175	0.13
☰	NCMI - National CineMedia, Inc.	Reduce 15.08%	43,596	0.20
☰	ESRX - Express Scripts Hldg Co	Reduce 21.14%	302,183	0.79
☰	NWS.A - Twenty First Centy Fox Inc	Reduce 31.72%	465,000	0.48
☰	WFC - Wells Fargo & Co.	Reduce 33.07%	609,867	1.00
☰	ACIW - ACI Worldwide, Inc.	Reduce 40.27%	300,000	0.20
☰	CTRX - Catamaran Corp	Reduce 46.50%	547,657	0.99
☰	LYV - Live Nation Entertainment, Inc.	Reduce 62.98%	1,208,585	0.92
☰	FIS - Fidelity National Information Services, Inc.	Sell 100.00%	587,966	1.21
☰	ASCMA - Ascent Cap Group Inc	Sell 100.00%	140,000	0.17
☰	SLCA - U S Silica Hldgs Inc	Sell 100.00%	30,000	0.03
	Q1 2015
☰	MLM - Martin Marietta Materials, Inc.	Reduce 0.12%	956	0.00
☰	LM0 - Liberty Media Corp Delaware	Reduce 0.35%	3,845	0.00
☰	OMC - Omnicom Group Inc.	Reduce 1.61%	4,645	0.01
☰	ENDPQ - Endo Intl Plc	Reduce 2.61%	20,000	0.05
☰	WFC - Wells Fargo & Co.	Reduce 4.21%	80,999	0.14
☰	WAIR - Wesco Aircraft Hldgs Inc	Reduce 5.67%	177,480	0.08
☰	TDG - TransDigm Group Inc.	Reduce 7.75%	46,533	0.29
☰	ADT - ADT Inc.	Reduce 8.36%	141,590	0.16
☰	NWS.A - Twenty First Centy Fox Inc	Reduce 8.44%	135,080	0.16
☰	ALSN - Allison Transmission Holdings, Inc.	Reduce 11.78%	112,988	0.12
☰	RWT - Redwood Tr Inc	Reduce 12.56%	794,041	0.49
☰	ESRX - Express Scripts Hldg Co	Reduce 15.15%	255,285	0.68
☰	XOXO - Xo Group Inc	Reduce 15.33%	383,125	0.22
☰	MSI - Motorola Solutions, Inc.	Reduce 18.55%	188,546	0.40
☰	LYV - Live Nation Entertainment, Inc.	Reduce 19.87%	475,885	0.39
☰	IILGV - Interval Leisure Group Inc	Reduce 19.91%	653,387	0.43
☰	LAB - Standard BioTools Inc.	Reduce 25.12%	250,348	0.85
☰	MRC - Mrc Global Inc	Reduce 26.40%	23,360	0.01
☰	TXN - Texas Instruments Inc.	Reduce 35.60%	532,711	0.90
☰	WKC - World Kinect Corp.	Reduce 41.45%	141,591	0.21
☰	DIG1 - Directv	Sell 100.00%	268,570	0.74
☰	LBRKR - Liberty Broadband Corp	Sell 100.00%	272,778	0.08
☰	DIS - The Walt Disney Co.	Sell 100.00%	19,000	0.06
☰	EBAY - eBay Inc.	Sell 100.00%	9,500	0.02
☰	IWV - iShares Russell 3000 ETF	Sell 100.00%	2,310	0.01
☰	APA - APA Corp.	Sell 100.00%	1,030	0.00
	Q4 2014
☰	OMC - Omnicom Group Inc.	Reduce 0.76%	2,205	0.01
☰	ADT - ADT Inc.	Reduce 1.73%	29,805	0.04
☰	UPS - United Parcel Service, Inc.	Reduce 3.35%	8,000	0.03
☰	ESRX - Express Scripts Hldg Co	Reduce 5.17%	91,920	0.22
☰	WKC - World Kinect Corp.	Reduce 8.20%	30,509	0.04
☰	XOXO - Xo Group Inc	Reduce 11.27%	317,314	0.12
☰	LYV - Live Nation Entertainment, Inc.	Reduce 13.05%	359,325	0.29
☰	WFC - Wells Fargo & Co.	Reduce 15.98%	366,219	0.64
☰	LM0 - Liberty Media Corp Delaware	Reduce 24.86%	366,264	0.58
☰	ORCL - Oracle Corp.	Reduce 34.58%	708,088	0.91
☰	TXN - Texas Instruments Inc.	Reduce 34.68%	794,508	1.27
☰	POST - Post Holdings, Inc.	Reduce 40.33%	149,744	0.11
☰	DIG1 - Directv	Reduce 83.47%	1,355,842	3.94
☰	DIS - The Walt Disney Co.	Reduce 93.29%	264,050	0.79
☰	MSFT - Microsoft Corp.	Reduce 97.23%	1,403,400	2.19
☰	EBAY - eBay Inc.	Reduce 98.57%	1,552,692	1.24
☰	APA - APA Corp.	Reduce 99.86%	720,378	2.28
☰	CACI - CACI International Inc	Sell 100.00%	314,400	0.75
☰	TBF - Proshares Tr	Sell 100.00%	700,000	0.65
☰	LTRPA - Liberty Tripadvisor Hldgs In	Sell 100.00%	430,000	0.49
☰	SAPE - Sapient Corp	Sell 100.00%	550,100	0.26
☰	6684 - Hewlett Packard Co	Sell 100.00%	10,500	0.01
☰	FCN - FTI Consulting, Inc.	Sell 100.00%	9,000	0.01
	Q3 2014
☰	OMC - Omnicom Group Inc.	Reduce 0.01%	40	0.00
☰	XOXO - Xo Group Inc	Reduce 0.33%	9,411	0.00
☰	LAB - Standard BioTools Inc.	Reduce 1.09%	10,925	0.04
☰	TDG - TransDigm Group Inc.	Reduce 1.20%	7,155	0.04
☰	MLM - Martin Marietta Materials, Inc.	Reduce 1.70%	13,112	0.06
☰	WFC - Wells Fargo & Co.	Reduce 1.88%	44,005	0.08
☰	AON - Aon plc	Reduce 2.05%	13,560	0.04
☰	BRO - Brown & Brown, Inc.	Reduce 2.36%	50,682	0.03
☰	FLIR - Flir Sys Inc	Reduce 2.48%	22,785	0.03
☰	ICON* - Iconix Brand Group Inc	Reduce 3.32%	79,740	0.12
☰	DIG1 - Directv	Reduce 3.37%	56,688	0.16
☰	ADT - ADT Inc.	Reduce 12.18%	238,902	0.28
☰	6684 - Hewlett Packard Co	Reduce 12.50%	1,500	0.00
☰	TBF - Proshares Tr	Reduce 12.50%	100,000	0.10
☰	ENDPQ - Endo Intl Plc	Reduce 17.65%	154,720	0.37
☰	MSFT - Microsoft Corp.	Reduce 21.25%	389,544	0.55
☰	DIS - The Walt Disney Co.	Reduce 21.71%	78,500	0.23
☰	WKC - World Kinect Corp.	Reduce 25.58%	127,900	0.21
☰	APA - APA Corp.	Reduce 29.70%	304,805	1.04
☰	FCN - FTI Consulting, Inc.	Reduce 53.81%	10,485	0.02
☰	TGT - Target Corp.	Sell 100.00%	255,093	0.50
☰	USB - U.S. Bancorp	Sell 100.00%	15,000	0.02
☰	AAPL - Apple Inc.	Sell 100.00%	4,200	0.01
	Q2 2014
☰	DEO - Diageo plc	Reduce 0.04%	55	0.00
☰	PX - Praxair Inc	Reduce 0.04%	55	0.00
☰	PXD - Pioneer Nat Res Co	Reduce 0.06%	40	0.00
☰	ICON* - Iconix Brand Group Inc	Reduce 0.48%	11,645	0.02
☰	TDG - TransDigm Group Inc.	Reduce 0.73%	4,411	0.03
☰	RWT - Redwood Tr Inc	Reduce 1.41%	83,280	0.06
☰	MLM - Martin Marietta Materials, Inc.	Reduce 2.91%	23,185	0.11
☰	APA - APA Corp.	Reduce 4.45%	47,836	0.14
☰	WFC - Wells Fargo & Co.	Reduce 4.87%	119,580	0.22
☰	GGQ1 - Google Inc	Reduce 5.68%	3,230	0.13
☰	AON - Aon plc	Reduce 7.37%	52,700	0.16
☰	6684 - Hewlett Packard Co	Reduce 7.69%	1,000	0.00
☰	DIG1 - Directv	Reduce 17.27%	351,010	0.98
☰	AAPL - Apple Inc.	Reduce 25.00%	5,600	0.01
☰	ADT - ADT Inc.	Reduce 32.64%	950,447	1.03
☰	FLIR - Flir Sys Inc	Reduce 54.75%	1,112,910	1.46
☰	TGT - Target Corp.	Reduce 68.75%	561,142	1.24
☰	FCN - FTI Consulting, Inc.	Reduce 93.89%	299,357	0.37
☰	CNA - CNA Financial Corp.	Sell 100.00%	230,000	0.36
☰	LQDT - Liquidity Services Inc	Sell 100.00%	340,000	0.32
☰	ESINQ - Itt Educational Services Inc	Sell 100.00%	24,000	0.03
☰	OUTR - Outerwall Inc	Sell 100.00%	6,253	0.02
	Q1 2014
☰	TGT - Target Corp.	Reduce 0.06%	500	0.00
☰	DIG1 - Directv	Reduce 0.09%	1,810	0.00
☰	WFC - Wells Fargo & Co.	Reduce 1.19%	29,520	0.05
☰	FIS - Fidelity National Information Services, Inc.	Reduce 1.51%	8,610	0.02
☰	MSFT - Microsoft Corp.	Reduce 1.57%	28,850	0.04
☰	IILGV - Interval Leisure Group Inc	Reduce 2.02%	50,710	0.06
☰	RWT - Redwood Tr Inc	Reduce 3.34%	204,639	0.15
☰	LYV - Live Nation Entertainment, Inc.	Reduce 4.75%	135,819	0.10
☰	TXN - Texas Instruments Inc.	Reduce 5.98%	144,250	0.25
☰	ICON* - Iconix Brand Group Inc	Reduce 6.24%	160,720	0.25
☰	MLM - Martin Marietta Materials, Inc.	Reduce 9.33%	82,011	0.32
☰	RRC - Range Resources Corp.	Reduce 10.72%	93,500	0.31
☰	PBH - Prestige Consumer Healthcare Inc.	Reduce 16.67%	25,000	0.03
☰	FLIR - Flir Sys Inc	Reduce 21.86%	568,655	0.67
☰	GGQ1 - Google Inc	Reduce 22.02%	16,060	0.70
☰	AON - Aon plc	Reduce 22.19%	203,810	0.67
☰	LVNTA - Liberty Interactive Corp	Reduce 27.22%	87,900	0.42
☰	OUTR - Outerwall Inc	Reduce 71.32%	15,551	0.04
☰	6684 - Hewlett Packard Co	Reduce 98.81%	1,082,030	1.18
☰	SWN - Southwestern Energy Co	Sell 100.00%	955,440	1.46
☰	CMP - Compass Minerals International, Inc.	Sell 100.00%	85,000	0.26
☰	CVS - CVS Health Corp.	Sell 100.00%	10,000	0.03
	Q4 2013
☰	MSFT - Microsoft Corp.	Reduce 0.98%	18,150	0.03
☰	TGT - Target Corp.	Reduce 1.54%	12,770	0.04
☰	WFC - Wells Fargo & Co.	Reduce 2.41%	61,400	0.11
☰	IILGV - Interval Leisure Group Inc	Reduce 3.48%	90,551	0.09
☰	NCMI - National CineMedia, Inc.	Reduce 3.77%	6,990	0.06
☰	ICON* - Iconix Brand Group Inc	Reduce 3.89%	104,300	0.15
☰	TXN - Texas Instruments Inc.	Reduce 10.55%	284,400	0.49
☰	GGQ1 - Google Inc	Reduce 12.46%	10,385	0.39
☰	SWN - Southwestern Energy Co	Reduce 15.31%	172,760	0.27
☰	LYV - Live Nation Entertainment, Inc.	Reduce 17.47%	605,250	0.48
☰	SAPE - Sapient Corp	Reduce 18.03%	121,000	0.08
☰	OMC - Omnicom Group Inc.	Reduce 23.62%	75,500	0.21
☰	ESINQ - Itt Educational Services Inc	Reduce 24.39%	5,600	0.01
☰	USB - U.S. Bancorp	Reduce 25.00%	5,000	0.01
☰	FCN - FTI Consulting, Inc.	Reduce 26.85%	110,236	0.18
☰	UPS - United Parcel Service, Inc.	Reduce 41.02%	162,850	0.64
☰	AON - Aon plc	Reduce 52.16%	1,001,400	3.20
☰	CVS - CVS Health Corp.	Reduce 95.05%	191,860	0.47
☰	OUTR - Outerwall Inc	Reduce 96.39%	581,362	1.25
☰	OCR - Omnicare Inc	Sell 100.00%	113,700	0.27
	Q3 2013
☰	NCMI - National CineMedia, Inc.	Reduce 3.56%	6,835	0.05
☰	TXN - Texas Instruments Inc.	Reduce 4.06%	114,100	0.19
☰	LYV - Live Nation Entertainment, Inc.	Reduce 4.65%	168,910	0.12
☰	CACI - CACI International Inc	Reduce 4.87%	16,100	0.05
☰	FLIR - Flir Sys Inc	Reduce 5.72%	150,965	0.19
☰	AON - Aon plc	Reduce 7.05%	145,510	0.44
☰	DIG1 - Directv	Reduce 11.02%	245,280	0.71
☰	SAPE - Sapient Corp	Reduce 19.16%	159,000	0.10
☰	OMC - Omnicom Group Inc.	Reduce 23.88%	100,300	0.29
☰	ESINQ - Itt Educational Services Inc	Reduce 24.60%	7,490	0.01
☰	PBH - Prestige Consumer Healthcare Inc.	Reduce 40.00%	100,000	0.14
☰	OCR - Omnicare Inc	Reduce 84.78%	633,220	1.41
☰	MOS - The Mosaic Co.	Sell 100.00%	125,000	0.31
	Q2 2013
☰	LAB - Standard BioTools Inc.	Reduce 0.05%	300	0.00
☰	TXN - Texas Instruments Inc.	Reduce 1.08%	30,550	0.05
☰	NCMI - National CineMedia, Inc.	Reduce 2.19%	4,305	0.03
☰	AON - Aon plc	Reduce 2.41%	50,974	0.15
☰	WFC - Wells Fargo & Co.	Reduce 2.89%	75,600	0.14
☰	UPS - United Parcel Service, Inc.	Reduce 3.66%	15,000	0.06
☰	ICON* - Iconix Brand Group Inc	Reduce 3.68%	102,410	0.13
☰	XOXO - Xo Group Inc	Reduce 5.76%	160,198	0.08
☰	GGQ1 - Google Inc	Reduce 5.78%	4,955	0.19
☰	ESINQ - Itt Educational Services Inc	Reduce 6.16%	2,000	0.00
☰	AVP - Avon Prods Inc	Reduce 6.25%	1,000	0.00
☰	MSFT - Microsoft Corp.	Reduce 8.88%	180,823	0.25
☰	BRK.B - Berkshire Hathaway CL B	Reduce 9.68%	118,179	0.60
☰	SWN - Southwestern Energy Co	Reduce 10.44%	131,300	0.24
☰	MLM - Martin Marietta Materials, Inc.	Reduce 11.20%	83,100	0.42
☰	OMC - Omnicom Group Inc.	Reduce 19.23%	100,000	0.29
☰	LYV - Live Nation Entertainment, Inc.	Reduce 33.13%	1,800,300	1.09
☰	6684 - Hewlett Packard Co	Reduce 37.20%	644,000	0.75
☰	OCR - Omnicare Inc	Reduce 52.62%	829,500	1.66
☰	CVS - CVS Health Corp.	Reduce 63.92%	356,500	0.96
☰	STRZA - Starz	Sell 100.00%	190,000	0.21
	Q1 2013
☰	IILGV - Interval Leisure Group Inc	Reduce 0.03%	700	0.00
☰	SAPE - Sapient Corp	Reduce 0.95%	5,500	0.00
☰	AON - Aon plc	Reduce 0.98%	21,038	0.06
☰	TXN - Texas Instruments Inc.	Reduce 1.92%	55,700	0.10
☰	OCR - Omnicare Inc	Reduce 2.81%	45,500	0.09
☰	LYV - Live Nation Entertainment, Inc.	Reduce 4.76%	271,626	0.14
☰	BRK.B - Berkshire Hathaway CL B	Reduce 5.07%	65,230	0.32
☰	FCN - FTI Consulting, Inc.	Reduce 5.19%	9,800	0.02
☰	TGT - Target Corp.	Reduce 5.63%	49,200	0.16
☰	GGQ1 - Google Inc	Reduce 6.00%	5,474	0.21
☰	RRC - Range Resources Corp.	Reduce 6.06%	40,000	0.14
☰	WFC - Wells Fargo & Co.	Reduce 6.62%	185,500	0.35
☰	MLM - Martin Marietta Materials, Inc.	Reduce 7.15%	57,100	0.30
☰	SWN - Southwestern Energy Co	Reduce 11.78%	167,869	0.31
☰	OMC - Omnicom Group Inc.	Reduce 12.61%	75,000	0.21
☰	FLIR - Flir Sys Inc	Reduce 13.97%	416,600	0.51
☰	ICON* - Iconix Brand Group Inc	Reduce 15.02%	491,390	0.60
☰	RWT - Redwood Tr Inc	Reduce 25.76%	1,685,071	1.57
☰	AVP - Avon Prods Inc	Reduce 27.27%	6,000	0.00
☰	CVS - CVS Health Corp.	Reduce 32.31%	266,260	0.71
☰	6684 - Hewlett Packard Co	Reduce 70.15%	4,067,440	3.20
☰	DLCA - Dell Inc	Sell 100.00%	5,756,945	3.22
☰	BUD - Anheuser-Busch InBev SA/NV	Sell 100.00%	110,000	0.53
☰	CMCSK - Comcast Corp New	Sell 100.00%	25,000	0.05
☰	RSG - Republic Services, Inc.	Sell 100.00%	30,000	0.05
	Q4 2012
☰	AON - Aon plc	Reduce 0.45%	9,590	0.01
☰	RWT - Redwood Tr Inc	Reduce 0.89%	59,000	0.02
☰	WFC - Wells Fargo & Co.	Reduce 2.10%	60,000	0.05
☰	MLM - Martin Marietta Materials, Inc.	Reduce 2.44%	20,000	0.04
☰	ICON* - Iconix Brand Group Inc	Reduce 2.97%	100,000	0.05
☰	TXN - Texas Instruments Inc.	Reduce 3.98%	120,000	0.09
☰	CVS - CVS Health Corp.	Reduce 4.63%	40,000	0.05
☰	DEO - Diageo plc	Reduce 11.13%	15,800	0.05
☰	BUD - Anheuser-Busch InBev SA/NV	Reduce 39.06%	70,500	0.16
☰	ASCMA - Ascent Cap Group Inc	Reduce 91.04%	227,600	0.32
☰	CMCSK - Comcast Corp New	Reduce 93.91%	385,640	0.35
☰	XOXO - Xo Group Inc	Reduce 96.82%	84,704,949	54.19
☰	TXI - Texas Inds Inc	Sell 100.00%	405,830	0.42
☰	EXP - Eagle Materials Inc.	Sell 100.00%	72,000	0.09
☰	KITDQ - Kit Digital Inc	Sell 100.00%	874,988	0.07
☰	GRPN - Groupon Inc	Sell 100.00%	300,000	0.04
☰	LVNAR - Liberty Interactive Corp	Sell 100.00%	56,388	0.02
	Q3 2012
☰	MLM - Martin Marietta Materials, Inc.	Reduce 0.12%	1,000	0.00
☰	FLIR - Flir Sys Inc	Reduce 0.34%	9,503	0.00
☰	OCR - Omnicare Inc	Reduce 0.61%	10,000	0.01
☰	IILGV - Interval Leisure Group Inc	Reduce 0.79%	20,000	0.01
☰	BRK.B - Berkshire Hathaway CL B	Reduce 0.92%	11,886	0.02
☰	XOXO - Xo Group Inc	Reduce 1.00%	886,617	0.56
☰	AON - Aon plc	Reduce 2.50%	55,000	0.06
☰	NCMI - National CineMedia, Inc.	Reduce 3.37%	6,480	0.02
☰	ORCL - Oracle Corp.	Reduce 3.62%	289	0.00
☰	MSFT - Microsoft Corp.	Reduce 3.87%	81,000	0.06
☰	ICON* - Iconix Brand Group Inc	Reduce 5.86%	209,910	0.09
☰	TGT - Target Corp.	Reduce 6.92%	65,000	0.09
☰	DEO - Diageo plc	Reduce 7.19%	11,000	0.03
☰	WFC - Wells Fargo & Co.	Reduce 9.22%	290,700	0.24
☰	CVS - CVS Health Corp.	Reduce 10.28%	99,010	0.12
☰	RWT - Redwood Tr Inc	Reduce 11.70%	874,587	0.27
☰	DIS - The Walt Disney Co.	Reduce 17.67%	77,200	0.09
☰	RSG - Republic Services, Inc.	Reduce 20.00%	7,500	0.00
☰	GGQ1 - Google Inc	Reduce 28.92%	37,107	0.54
☰	TXI - Texas Inds Inc	Reduce 34.01%	209,159	0.20
☰	BUD - Anheuser-Busch InBev SA/NV	Reduce 34.36%	94,500	0.19
☰	ASCMA - Ascent Cap Group Inc	Reduce 48.88%	239,009	0.31
☰	USB - U.S. Bancorp	Reduce 66.67%	40,000	0.03
☰	CMCSK - Comcast Corp New	Reduce 71.33%	1,021,500	0.80
☰	EXP - Eagle Materials Inc.	Reduce 90.99%	727,350	0.68
☰	TYC - Tyco International Ltd	Sell 100.00%	1,255,200	1.66
☰	LMT - Lockheed Martin Corp.	Sell 100.00%	180,000	0.39
☰	SLCA - U S Silica Hldgs Inc	Sell 100.00%	69,887	0.02
☰	LOPE - Grand Canyon Education, Inc.	Sell 100.00%	10,300	0.01
	Q2 2012
☰	CVS - CVS Health Corp.	Reduce 0.01%	140	0.00
☰	DIS - The Walt Disney Co.	Reduce 0.07%	300	0.00
☰	BRK.B - Berkshire Hathaway CL B	Reduce 0.38%	5,000	0.02
☰	RWT - Redwood Tr Inc	Reduce 1.32%	100,000	0.06
☰	LMT - Lockheed Martin Corp.	Reduce 1.42%	2,595	0.01
☰	IILGV - Interval Leisure Group Inc	Reduce 1.93%	49,501	0.05
☰	UPS - United Parcel Service, Inc.	Reduce 2.96%	12,500	0.05
☰	GGQ1 - Google Inc	Reduce 3.05%	4,038	0.14
☰	TYC - Tyco International Ltd	Reduce 5.77%	76,800	0.23
☰	MSFT - Microsoft Corp.	Reduce 6.69%	150,000	0.25
☰	WFC - Wells Fargo & Co.	Reduce 9.16%	318,200	0.57
☰	SWN - Southwestern Energy Co	Reduce 12.70%	207,300	0.33
☰	ASCMA - Ascent Cap Group Inc	Reduce 16.05%	93,491	0.23
☰	TGT - Target Corp.	Reduce 18.67%	215,700	0.66
☰	DEO - Diageo plc	Reduce 19.05%	36,000	0.18
☰	CMCSK - Comcast Corp New	Reduce 28.26%	564,100	0.88
☰	BUD - Anheuser-Busch InBev SA/NV	Reduce 35.67%	152,500	0.58
☰	CNA - CNA Financial Corp.	Reduce 39.47%	150,000	0.23
☰	PBH - Prestige Consumer Healthcare Inc.	Reduce 42.86%	150,000	0.14
☰	AVP - Avon Prods Inc	Reduce 95.96%	244,900	0.25
☰	LOPE - Grand Canyon Education, Inc.	Reduce 97.51%	403,309	0.38
☰	AON-W - Aon Corp	Sell 100.00%	2,168,283	5.60
☰	WMT - Walmart Inc.	Sell 100.00%	329,000	1.06
☰	KNOL - Knology Inc	Sell 100.00%	855,660	0.82
☰	CMCSA - Comcast Corp.	Sell 100.00%	8,500	0.01
☰	CSCO - Cisco Systems, Inc.	Sell 100.00%	11,064	0.01
	Q1 2012
☰	CMCSK - Comcast Corp New	Reduce 0.04%	872	0.00
☰	DEO - Diageo plc	Reduce 0.53%	1,000	0.00
☰	DIS - The Walt Disney Co.	Reduce 0.68%	3,000	0.01
☰	RSG - Republic Services, Inc.	Reduce 0.79%	300	0.00
☰	BUD - Anheuser-Busch InBev SA/NV	Reduce 1.27%	5,500	0.02
☰	OMC - Omnicom Group Inc.	Reduce 2.08%	12,639	0.03
☰	LAB - Standard BioTools Inc.	Reduce 2.26%	12,953	0.06
☰	NCMI - National CineMedia, Inc.	Reduce 2.67%	4,500	0.03
☰	ASCMA - Ascent Cap Group Inc	Reduce 2.85%	17,100	0.05
☰	TXN - Texas Instruments Inc.	Reduce 3.81%	103,081	0.17
☰	MLM - Martin Marietta Materials, Inc.	Reduce 3.84%	32,758	0.14
☰	BRO - Brown & Brown, Inc.	Reduce 4.32%	20,760	0.01
☰	CVS - CVS Health Corp.	Reduce 4.51%	45,460	0.11
☰	OCR - Omnicare Inc	Reduce 4.74%	81,200	0.16
☰	LYV - Live Nation Entertainment, Inc.	Reduce 6.79%	395,926	0.19
☰	TYC - Tyco International Ltd	Reduce 7.05%	101,030	0.27
☰	USB - U.S. Bancorp	Reduce 7.69%	5,000	0.01
☰	WFC - Wells Fargo & Co.	Reduce 7.95%	299,850	0.47
☰	ESINQ - Itt Educational Services Inc	Reduce 8.40%	300	0.00
☰	UPS - United Parcel Service, Inc.	Reduce 11.05%	52,500	0.22
☰	APA - APA Corp.	Reduce 11.92%	26,513	0.14
☰	CMCSA - Comcast Corp.	Reduce 12.37%	2,561	0.00
☰	WMT - Walmart Inc.	Reduce 15.42%	180,000	0.20
☰	BRK.A - Berkshire Hathaway CL A	Reduce 15.85%	13	0.08
☰	TXI - Texas Inds Inc	Reduce 17.05%	126,441	0.22
☰	DLCA - Dell Inc	Reduce 25.45%	1,303,000	1.08
☰	LMT - Lockheed Martin Corp.	Reduce 27.71%	70,000	0.32
☰	MSFT - Microsoft Corp.	Reduce 34.60%	1,186,376	1.75
☰	EXP - Eagle Materials Inc.	Reduce 41.89%	576,337	0.84
☰	LOPE - Grand Canyon Education, Inc.	Reduce 73.34%	1,137,821	1.03
☰	COP - ConocoPhillips	Sell 100.00%	324,800	1.34
☰	MHK - Mohawk Industries, Inc.	Sell 100.00%	327,400	1.11
☰	KBE - Spdr Series Trust	Sell 100.00%	200,000	0.23
☰	TBF - Proshares Tr	Sell 100.00%	120,000	0.21
☰	CAB - Cabelas Inc	Sell 100.00%	131,000	0.19
☰	KCP - Cole Kenneth Prodtns Inc	Sell 100.00%	110,000	0.07
☰	JNJ - Johnson & Johnson	Sell 100.00%	10,000	0.04
☰	ITB - iShares U.S. Home Construction ETF	Sell 100.00%	48,100	0.03
	Q4 2011
☰	LMT - Lockheed Martin Corp.	Reduce 0.12%	301	0.00
☰	WFC - Wells Fargo & Co.	Reduce 0.15%	5,500	0.01
☰	DEO - Diageo plc	Reduce 0.52%	1,000	0.00
☰	OMC - Omnicom Group Inc.	Reduce 0.65%	3,955	0.01
☰	DIS - The Walt Disney Co.	Reduce 0.86%	3,800	0.01
☰	BUD - Anheuser-Busch InBev SA/NV	Reduce 2.26%	10,000	0.03
☰	CMCSK - Comcast Corp New	Reduce 2.80%	57,500	0.07
☰	ITB - iShares U.S. Home Construction ETF	Reduce 3.80%	1,900	0.00
☰	MLM - Martin Marietta Materials, Inc.	Reduce 4.80%	43,000	0.16
☰	GGQ1 - Google Inc	Reduce 7.76%	11,131	0.33
☰	EXP - Eagle Materials Inc.	Reduce 9.39%	142,615	0.14
☰	OCR - Omnicare Inc	Reduce 9.48%	179,380	0.27
☰	AON-W - Aon Corp	Reduce 9.60%	226,332	0.56
☰	UPS - United Parcel Service, Inc.	Reduce 11.21%	60,000	0.22
☰	TXN - Texas Instruments Inc.	Reduce 12.32%	379,789	0.59
☰	CAB - Cabelas Inc	Reduce 12.67%	19,000	0.02
☰	DLCA - Dell Inc	Reduce 12.91%	759,060	0.63
☰	CVS - CVS Health Corp.	Reduce 13.32%	155,000	0.30
☰	PX - Praxair Inc	Reduce 15.25%	22,500	0.12
☰	MSFT - Microsoft Corp.	Reduce 15.27%	617,846	0.90
☰	CNA - CNA Financial Corp.	Reduce 15.56%	70,000	0.09
☰	WMT - Walmart Inc.	Reduce 21.41%	318,000	0.32
☰	BRK.B - Berkshire Hathaway CL B	Reduce 22.81%	341,910	1.42
☰	TGT - Target Corp.	Reduce 24.83%	338,500	0.97
☰	LOPE - Grand Canyon Education, Inc.	Reduce 25.56%	532,660	0.50
☰	MHK - Mohawk Industries, Inc.	Reduce 40.55%	223,347	0.56
☰	CMP - Compass Minerals International, Inc.	Reduce 43.06%	45,380	0.18
☰	BRO - Brown & Brown, Inc.	Reduce 61.54%	769,314	0.40
☰	ESINQ - Itt Educational Services Inc	Reduce 66.59%	7,115	0.02
☰	COP - ConocoPhillips	Reduce 68.17%	912,429	2.58
☰	VMC - Vulcan Materials Co.	Sell 100.00%	344,060	0.55
☰	AEO - American Eagle Outfitters, Inc.	Sell 100.00%	170,000	0.12
☰	LSTZA - Liberty Media Corp New	Sell 100.00%	21,300	0.08
☰	PG - The Procter & Gamble Co.	Sell 100.00%	10,000	0.04
☰	EOG - EOG Resources, Inc.	Sell 100.00%	5,000	0.02
☰	KW-OLD - Kennedy-Wilson Holdings, Inc.	Sell 100.00%	30,000	0.02
☰	DVN - Devon Energy Corp.	Sell 100.00%	3,500	0.01
☰	SKX - Skechers U S A Inc	Sell 100.00%	13,244	0.01
☰	VIAB - Viacom Inc New	Sell 100.00%	3,200	0.01
	Q3 2011
☰	AON-W - Aon Corp	Reduce 1.10%	26,271	0.07
☰	ASCMA - Ascent Cap Group Inc	Reduce 1.70%	10,400	0.03
☰	MHK - Mohawk Industries, Inc.	Reduce 2.50%	14,100	0.04
☰	COP - ConocoPhillips	Reduce 3.41%	47,225	0.14
☰	UPS - United Parcel Service, Inc.	Reduce 5.31%	30,000	0.12
☰	DLCA - Dell Inc	Reduce 5.36%	333,319	0.29
☰	OCR - Omnicare Inc	Reduce 7.16%	146,040	0.25
☰	WMT - Walmart Inc.	Reduce 9.59%	157,500	0.15
☰	MSFT - Microsoft Corp.	Reduce 9.77%	438,378	0.60
☰	LOPE - Grand Canyon Education, Inc.	Reduce 14.06%	340,948	0.26
☰	SKX - Skechers U S A Inc	Reduce 16.58%	2,632	0.00
☰	VMC - Vulcan Materials Co.	Reduce 40.27%	231,950	0.47
☰	PG - The Procter & Gamble Co.	Reduce 95.65%	220,000	0.74
☰	MOO - Monsanto Co New	Sell 100.00%	405,238	1.55
☰	DISCK - Discovery Communicatns New	Sell 100.00%	320,000	0.62
☰	IRM* - Iron Mtn Inc	Sell 100.00%	100,000	0.18
☰	ACIW - ACI Worldwide, Inc.	Sell 100.00%	50,000	0.09
☰	EHTH - Ehealth Inc	Sell 100.00%	100,000	0.07
☰	AAPL - Apple Inc.	Sell 100.00%	563	0.01
	Q2 2011
☰	WMT - Walmart Inc.	Reduce 0.45%	7,500	0.01
☰	ASCMA - Ascent Media Corp	Reduce 1.61%	10,000	0.03
☰	PX - Praxair Inc	Reduce 1.67%	2,500	0.01
☰	DISCK - Discovery Communicatns New	Reduce 3.03%	10,000	0.02
☰	CMP - Compass Minerals International, Inc.	Reduce 3.47%	3,120	0.02
☰	DLCA - Dell Inc	Reduce 4.81%	314,090	0.25
☰	MSFT - Microsoft Corp.	Reduce 5.94%	283,054	0.40
☰	FLIR - Flir Sys Inc	Reduce 8.33%	5,000	0.01
☰	DEO - Diageo plc	Reduce 9.05%	19,000	0.08
☰	OCR - Omnicare Inc	Reduce 49.78%	2,020,813	3.38
☰	ACIW - ACI Worldwide, Inc.	Reduce 71.05%	368,100	0.22
☰	ACN - Accenture plc	Reduce 88.16%	1,297,720	3.97
☰	BAX - Baxter International Inc.	Sell 100.00%	334,790	1.00
	Q1 2011
☰	WMT - Walmart Inc.	Reduce 0.90%	15,000	0.02
☰	BRK.A - Berkshire Hathaway CL A	Reduce 1.20%	1	0.01
☰	EXP - Eagle Materials Inc.	Reduce 1.34%	14,000	0.02
☰	VMC - Vulcan Materials Co.	Reduce 1.71%	10,000	0.03
☰	RWT - Redwood Tr Inc	Reduce 2.67%	172,578	0.15
☰	BAX - Baxter International Inc.	Reduce 2.90%	18,410	0.03
☰	DISCK - Discovery Communicatns New	Reduce 2.94%	10,000	0.02
☰	USB - U.S. Bancorp	Reduce 3.70%	2,500	0.00
☰	BRK.B - Berkshire Hathaway CL B	Reduce 5.75%	63,810	0.30
☰	ACN - Accenture plc	Reduce 5.98%	93,670	0.27
☰	CMCSK - Comcast Corp New	Reduce 8.63%	192,200	0.24
☰	ASCMA - Ascent Media Corp	Reduce 8.69%	59,000	0.14
☰	TXN - Texas Instruments Inc.	Reduce 12.86%	374,500	0.73
☰	OCR - Omnicare Inc	Reduce 14.40%	682,920	1.03
☰	COP - ConocoPhillips	Reduce 17.18%	286,962	0.89
☰	LMT - Lockheed Martin Corp.	Reduce 17.33%	50,000	0.21
☰	MOO - Monsanto Co New	Reduce 33.75%	206,100	0.85
☰	ACIW - ACI Worldwide, Inc.	Reduce 73.16%	1,412,100	0.75
☰	IRM* - Iron Mtn Inc	Reduce 82.05%	457,100	0.68
☰	CAB - Cabelas Inc	Reduce 97.01%	649,054	0.84
☰	SKX - Skechers U S A Inc	Sell 100.00%	80,713	0.10
☰	AMTD - Td Ameritrade Hldg Corp	Sell 100.00%	80,000	0.09
☰	ESINQ - Itt Educational Services Inc	Sell 100.00%	3,758	0.01
	Q4 2010
☰	BRK.B - Berkshire Hathaway CL B	Reduce 0.03%	315	0.00
☰	GGQ1 - Google Inc	Reduce 0.03%	25	0.00
☰	BAX - Baxter International Inc.	Reduce 0.09%	571	0.00
☰	MSFT - Microsoft Corp.	Reduce 0.16%	5,882	0.01
☰	COP - ConocoPhillips	Reduce 0.59%	9,891	0.03
☰	EXP - Eagle Materials Inc.	Reduce 0.95%	10,000	0.01
☰	CMLS - Cumulus Media Inc	Reduce 1.04%	20,000	0.00
☰	LYV - Live Nation Entertainment, Inc.	Reduce 1.08%	34,495	0.02
☰	MLM - Martin Marietta Materials, Inc.	Reduce 3.09%	21,100	0.10
☰	LOPE - Grand Canyon Education, Inc.	Reduce 3.34%	71,539	0.10
☰	UPS - United Parcel Service, Inc.	Reduce 3.46%	20,000	0.08
☰	DLCA - Dell Inc	Reduce 4.89%	320,966	0.26
☰	MOO - Monsanto Co New	Reduce 4.93%	31,652	0.09
☰	CMP - Compass Minerals International, Inc.	Reduce 6.01%	5,750	0.03
☰	IILGV - Interval Leisure Group Inc	Reduce 6.17%	93,989	0.08
☰	RWT - Redwood Tr Inc	Reduce 6.31%	434,966	0.39
☰	ACN - Accenture plc	Reduce 11.54%	204,200	0.54
☰	CMCSK - Comcast Corp New	Reduce 15.58%	411,100	0.43
☰	APA - APA Corp.	Reduce 16.67%	1,000	0.01
☰	EOG - EOG Resources, Inc.	Reduce 28.57%	4,000	0.01
☰	BRK.A - Berkshire Hathaway CL A	Reduce 29.66%	35	0.27
☰	ACIW - ACI Worldwide, Inc.	Reduce 37.66%	1,166,151	0.54
☰	CAB - Cabelas Inc	Reduce 49.01%	643,046	0.76
☰	DVN - Devon Energy Corp.	Reduce 58.82%	5,000	0.02
☰	APOL - Apollo Group Inc	Sell 100.00%	874,250	2.79
☰	TDS.S - Telephone & Data Sys Inc	Sell 100.00%	885,837	1.56
☰	WW - Weight Watchers Intl Inc New	Sell 100.00%	555,972	1.08
☰	AZO - AutoZone, Inc.	Sell 100.00%	60,000	0.85
	Q3 2010
☰	BRK.A - Berkshire Hathaway CL A	Reduce 0.84%	1	0.01
☰	IILGV - Interval Leisure Group Inc	Reduce 0.84%	12,910	0.01
☰	COP - ConocoPhillips	Reduce 1.55%	26,494	0.07
☰	ACIW - ACI Worldwide, Inc.	Reduce 4.30%	139,224	0.06
☰	CMCSK - Comcast Corp New	Reduce 4.35%	120,000	0.14
☰	CAB - Cabelas Inc	Reduce 5.28%	73,200	0.07
☰	MOO - Monsanto Co New	Reduce 8.64%	60,748	0.20
☰	BRK.B - Berkshire Hathaway CL B	Reduce 9.10%	111,224	0.62
☰	DISCK - Discovery Communicatns New	Reduce 9.33%	35,000	0.08
☰	BRO - Brown & Brown, Inc.	Reduce 11.69%	110,000	0.07
☰	UPS - United Parcel Service, Inc.	Reduce 11.82%	77,400	0.31
☰	TYC - Tyco International Ltd	Reduce 23.29%	373,400	0.93
☰	TDS.S - Telephone & Data Sys Inc	Reduce 34.15%	459,300	0.86
☰	WW - Weight Watchers Intl Inc New	Reduce 44.56%	446,928	0.81
☰	AZO - AutoZone, Inc.	Reduce 67.29%	123,433	1.68
☰	HEW - Hewitt Assocs Inc	Sell 100.00%	343,700	0.83
☰	POT - Potash Corp SAsk Inc	Sell 100.00%	70,000	0.42
☰	UNH - UnitedHealth Group Inc.	Sell 100.00%	180,000	0.36
☰	HSNI - Hsn Inc	Sell 100.00%	39,750	0.07
☰	ESINQ - Itt Educational Services Inc	Sell 100.00%	10,000	0.06
☰	LMIG - Liberty Global Inc	Sell 100.00%	30,000	0.05
☰	PGR - The Progressive Corp.	Sell 100.00%	30,700	0.04
	Q2 2010
☰	RWT - Redwood Tr Inc	Reduce 1.41%	97,945	0.05
☰	BRO - Brown & Brown, Inc.	Reduce 1.82%	17,452	0.00
☰	DLCA - Dell Inc	Reduce 2.89%	172,654	0.08
☰	WW - Weight Watchers Intl Inc New	Reduce 3.90%	40,717	0.03
☰	CMLS - Cumulus Media Inc	Reduce 5.51%	111,310	0.01
☰	LYV - Live Nation Entertainment, Inc.	Reduce 8.13%	149,924	0.07
☰	CAB - Cabelas Inc	Reduce 15.77%	259,300	0.14
☰	TDS.S - Telephone & Data Sys Inc	Reduce 16.59%	267,595	0.25
☰	LMIG - Liberty Global Inc	Reduce 25.00%	10,000	0.01
☰	CMCSK - Comcast Corp New	Reduce 35.23%	1,500,700	0.85
☰	BRK.A - Berkshire Hathaway CL A	Reduce 38.02%	73	0.28
☰	BRK.B - Berkshire Hathaway CL B	Reduce 38.34%	759,914	1.96
☰	EOG - EOG Resources, Inc.	Reduce 68.97%	20,000	0.03
☰	ESINQ - Itt Educational Services Inc	Reduce 82.67%	47,700	0.17
☰	PGR - The Progressive Corp.	Reduce 90.73%	300,400	0.18
☰	XTO - Xto Energy Inc	Sell 100.00%	76,326,959	58.93
☰	NCRA - News Corp	Sell 100.00%	750,000	0.34
☰	DJCO - Daily Journal Corp.	Sell 100.00%	39,600	0.08
☰	BKE - The Buckle, Inc.	Sell 100.00%	53,000	0.06
	Q1 2010
☰	ESINQ - Itt Educational Services Inc	Reduce 0.35%	200	0.00
☰	CMLS - Cumulus Media Inc	Reduce 0.42%	8,600	0.00
☰	APOL - Apollo Group Inc	Reduce 0.71%	2,100	0.01
☰	USB - U.S. Bancorp	Reduce 3.57%	2,500	0.00
☰	POT - Potash Corp SAsk Inc	Reduce 9.70%	4,404	0.02
☰	BKE - The Buckle, Inc.	Reduce 11.67%	7,169	0.01
☰	CAB - Cabelas Inc	Reduce 16.17%	317,250	0.18
☰	DJCO - Daily Journal Corp.	Reduce 43.19%	30,103	0.08
☰	UNH - UnitedHealth Group Inc.	Reduce 44.17%	142,400	0.18
☰	LMIG - Liberty Global Inc	Reduce 88.89%	320,000	0.28
☰	BNI - Burlington Northn SAnta Fe C	Sell 100.00%	204,900	0.82
☰	TKTM - Ticketmaster Entmt Inc	Sell 100.00%	1,464,541	0.73
☰	LOW - Lowe's Companies, Inc.	Sell 100.00%	615,000	0.58
☰	0948265D - Convera Corp	Sell 100.00%	590,000	0.01
☰	HSNI - Hsn Inc	Sell 100.00%	6,710	0.01
	Q4 2009
☰	POT - Potash Corp SAsk Inc	Reduce 0.15%	66	0.00
☰	COP - ConocoPhillips	Reduce 3.37%	19,677	0.05
☰	CMLS - Cumulus Media Inc	Reduce 5.45%	117,000	0.02
☰	CMCSK - Comcast Corp New	Reduce 6.13%	276,015	0.35
☰	TYC - Tyco International Ltd	Reduce 7.55%	110,000	0.30
☰	DJCO - Daily Journal Corp.	Reduce 22.91%	20,712	0.09
☰	HSNI - Hsn Inc	Reduce 26.91%	2,470	0.00
☰	EOG - EOG Resources, Inc.	Reduce 44.23%	23,000	0.08
☰	LOW - Lowe's Companies, Inc.	Reduce 55.08%	754,100	1.24
☰	NCRA - News Corp	Reduce 55.38%	31,029	0.88
☰	UNH - UnitedHealth Group Inc.	Reduce 68.47%	700,100	1.38
☰	BRYG - Berkshire Hathaway Inc Del	Sell 100.00%	57,582	15.07
☰	TDS.S - Telephone & Data Sys Inc	Sell 100.00%	2,518,100	5.89
☰	MSFT - Microsoft Corp.	Sell 100.00%	2,550,220	5.20
☰	LMDIA - Liberty Media Corp New	Sell 100.00%	2,070,100	5.07
☰	BRK.A - Berkshire Hathaway CL A	Sell 100.00%	394	3.13
☰	EXP - Eagle Materials Inc.	Sell 100.00%	951,165	2.14
☰	WFC - Wells Fargo & Co.	Sell 100.00%	660,000	1.47
☰	USG - U S G Corp	Sell 100.00%	847,845	1.15
☰	DISCA - Discovery Communicatns New	Sell 100.00%	456,400	1.04
☰	AXP - American Express Co.	Sell 100.00%	214,100	0.57
☰	ACIW - ACI Worldwide, Inc.	Sell 100.00%	475,340	0.57
☰	DISCK - Discovery Communicatns New	Sell 100.00%	30,000	0.06
	Q3 2009
☰	BRYG - Berkshire Hathaway Inc Del	Reduce 0.04%	25	0.00
☰	MSFT - Microsoft Corp.	Reduce 0.14%	3,692	0.00
☰	RWT - Redwood Tr Inc	Reduce 0.47%	29,200	0.02
☰	DLCA - Dell Inc	Reduce 1.12%	56,170	0.03
☰	EOG - EOG Resources, Inc.	Reduce 6.47%	3,600	0.00
☰	TDS.S - Telephone & Data Sys Inc	Reduce 6.50%	175,005	0.17
☰	LOW - Lowe's Companies, Inc.	Reduce 6.81%	100,000	0.07
☰	CAB - Cabelas Inc	Reduce 7.44%	150,750	0.07
☰	MHK - Mohawk Industries, Inc.	Reduce 7.55%	39,602	0.05
☰	WFC - Wells Fargo & Co.	Reduce 8.65%	62,500	0.06
☰	DJCO - Daily Journal Corp.	Reduce 9.48%	9,465	0.02
☰	USG - U S G Corp	Reduce 20.42%	217,555	0.08
☰	NCRA - News Corp	Reduce 20.51%	14,454	0.14
☰	UNH - UnitedHealth Group Inc.	Reduce 39.56%	669,260	0.61
☰	DISCA - Discovery Communicatns New	Reduce 47.87%	419,100	0.35
☰	AXP - American Express Co.	Reduce 90.91%	2,141,000	1.82
☰	XTO - Xto Energy Inc	Reduce 99.35%	73,139,988	56.47
☰	EBAY - eBay Inc.	Sell 100.00%	650,000	0.41
☰	AD - Array Digital Infrastructure, Inc.	Sell 100.00%	1,960	0.00
	Q2 2009
☰	UPS - United Parcel Service, Inc.	Reduce 0.45%	2,500	0.01
☰	DLCA - Dell Inc	Reduce 1.38%	70,000	0.06
☰	OCR - Omnicare Inc	Reduce 1.39%	30,000	0.07
☰	TDS.S - Telephone & Data Sys Inc	Reduce 1.45%	39,705	0.08
☰	MSFT - Microsoft Corp.	Reduce 1.78%	46,300	0.08
☰	TYC - Tyco International	Reduce 2.87%	43,000	0.07
☰	EXP - Eagle Materials Inc.	Reduce 2.91%	28,490	0.06
☰	BRYG - Berkshire Hathaway Inc Del	Reduce 3.15%	1,873	0.47
☰	CMLS - Cumulus Media Inc	Reduce 3.59%	80,000	0.01
☰	EBAY - eBay Inc.	Reduce 4.41%	71,280	0.03
☰	RWT - Redwood Tr Inc	Reduce 7.36%	498,410	0.68
☰	NCRA - News Corp	Reduce 7.93%	6,073	0.11
☰	DJCO - Daily Journal Corp.	Reduce 12.21%	13,891	0.04
☰	DISCA - Discovery Communicatns New	Reduce 12.87%	129,300	0.18
☰	BRK.A - Berkshire Hathaway CL A	Reduce 13.22%	60	0.46
☰	AXP - American Express Co.	Reduce 18.86%	547,400	0.66
☰	UNH - UnitedHealth Group Inc.	Reduce 18.99%	396,501	0.74
☰	LMDIA - Liberty Media Corp New	Reduce 25.54%	709,900	1.26
☰	MHK - Mohawk Industries, Inc.	Reduce 28.01%	204,003	0.54
☰	LOW - Lowe's Companies, Inc.	Reduce 35.88%	821,900	1.34
☰	USG - U S G Corp	Reduce 39.91%	707,600	0.48
☰	CAB - Cabelas Inc	Reduce 42.52%	1,499,850	1.22
☰	BBBYQ - Bed Bath & Beyond Inc	Sell 100.00%	400,000	0.88
☰	AVP - Avon Prods Inc	Sell 100.00%	117,400	0.20
☰	HSNI - Hsn Inc	Sell 100.00%	300,000	0.14
☰	USO - United States Oil Fund LP	Sell 100.00%	40,000	0.10
☰	2777284Z - Dr Pepper Snapple Group Inc	Sell 100.00%	5,000	0.01
☰	LM - Legg Mason Inc	Sell 100.00%	5,300	0.01
☰	LVLT - Level 3 Communications Inc	Sell 100.00%	71,900	0.01
	Q1 2009
☰	DJCO - Daily Journal Corp.	Reduce 1.92%	2,229	0.01
☰	DISCA - Discovery Communicatns New	Reduce 1.95%	20,000	0.02
☰	USG - U S G Corp	Reduce 5.84%	110,000	0.07
☰	LOW - Lowe's Companies, Inc.	Reduce 6.15%	150,000	0.25
☰	OCR - Omnicare Inc	Reduce 6.28%	145,000	0.31
☰	DLCA - Dell Inc	Reduce 8.55%	475,548	0.38
☰	UPS - United Parcel Service, Inc.	Reduce 10.89%	67,500	0.29
☰	BRK.A - Berkshire Hathaway CL A	Reduce 14.18%	75	0.56
☰	EXP - Eagle Materials Inc.	Reduce 15.57%	180,680	0.26
☰	VMC - Vulcan Materials Co.	Reduce 16.20%	75,000	0.40
☰	TDS.S - Telephone & Data Sys Inc	Reduce 17.50%	579,870	1.26
☰	CAB - Cabelas Inc	Reduce 17.83%	765,550	0.35
☰	UNH - UnitedHealth Group Inc.	Reduce 17.89%	455,000	0.94
☰	LMDIA - Liberty Media Corp New	Reduce 19.77%	685,000	0.93
☰	BBBYQ - Bed Bath & Beyond Inc	Reduce 29.08%	164,000	0.32
☰	ACIW - ACI Worldwide, Inc.	Reduce 34.01%	490,800	0.20
☰	WMT - Walmart Inc.	Reduce 46.30%	600,000	0.87
☰	AD - Array Digital Infrastructure, Inc.	Reduce 59.34%	2,860	0.01
☰	HSNI - Hsn Inc	Reduce 64.88%	554,128	0.31
☰	LVLT - Level 3 Communications Inc	Reduce 97.66%	3,000,000	0.16
☰	TYCN - Tyco Intl Ltd Bermuda	Sell 100.00%	1,749,250	2.93
☰	CMCSA - Comcast Corp.	Sell 100.00%	1,255,000	1.64
☰	CAH - Cardinal Health, Inc.	Sell 100.00%	165,000	0.44
☰	HNIB - Iac Interactivecorp	Sell 100.00%	223,000	0.27
☰	ESINQ - Itt Educational Services Inc	Sell 100.00%	20,960	0.15
☰	CX - CEMEX, S.A.B. de C.V.	Sell 100.00%	35,000	0.02
☰	LWI - Leap Wireless Intl Inc	Sell 100.00%	3,140	0.01
☰	CDSCY - Cadbury Plc	Sell 100.00%	2,000	0.01
	Q4 2008
☰	DLCA - Dell Inc	Reduce 0.26%	14,650	0.01
☰	VMC - Vulcan Materials Co.	Reduce 0.26%	1,185	0.00
☰	AXP - American Express Co.	Reduce 3.09%	92,586	0.18
☰	CDSCY - Cadbury Plc	Reduce 4.03%	84	0.00
☰	BBBYQ - Bed Bath & Beyond Inc	Reduce 4.75%	28,100	0.05
☰	WMT - Walmart Inc.	Reduce 6.49%	90,000	0.10
☰	LOW - Lowe's Companies, Inc.	Reduce 7.82%	207,000	0.26
☰	TDS.S - Telephone & Data Sys Inc	Reduce 8.63%	312,796	0.60
☰	UNH - UnitedHealth Group Inc.	Reduce 17.21%	528,830	0.72
☰	LMDIA - Liberty Media Corp New	Reduce 17.26%	723,000	0.97
☰	BRYG - Berkshire Hathaway Inc Del	Reduce 20.37%	13,622	3.21
☰	WFC - Wells Fargo & Co.	Reduce 25.52%	247,500	0.50
☰	OCR - Omnicare Inc	Reduce 32.52%	1,112,480	1.72
☰	BRK.A - Berkshire Hathaway CL A	Reduce 36.03%	298	2.09
☰	CMCSA - Comcast Corp.	Reduce 67.15%	5,473,710	2.70
☰	HNIB - Iac Interactivecorp	Reduce 80.34%	911,071	0.84
	Q3 2008
☰	CCRD - Intelligent Sys Corp New	Reduce 0.23%	2,000	0.00
☰	TYCN - Tyco Intl Ltd Bermuda	Reduce 0.85%	15,000	0.03
☰	VMC - Vulcan Materials Co.	Reduce 2.27%	10,760	0.03
☰	RWT - Redwood Tr Inc	Reduce 4.41%	251,967	0.26
☰	AXP - American Express Co.	Reduce 4.77%	150,000	0.25
☰	DLCA - Dell Inc	Reduce 5.77%	341,336	0.34
☰	LMDIA - Liberty Media Corp New	Reduce 9.36%	432,320	0.47
☰	MHK - Mohawk Industries, Inc.	Reduce 12.46%	88,076	0.25
☰	USG - U S G Corp	Reduce 13.90%	304,000	0.40
☰	CMCSK - Comcast Corp New	Reduce 14.67%	62,827	0.05
☰	UNH - UnitedHealth Group Inc.	Reduce 16.03%	586,570	0.69
☰	WMT - Walmart Inc.	Reduce 21.69%	384,000	0.32
☰	LOW - Lowe's Companies, Inc.	Reduce 21.96%	745,100	0.69
☰	LVLT - Level 3 Communications Inc	Reduce 25.00%	1,000,000	0.13
☰	CMCSA - Comcast Corp.	Reduce 26.68%	2,966,260	1.18
☰	USB - U.S. Bancorp	Reduce 30.00%	30,000	0.04
☰	OCR - Omnicare Inc	Reduce 31.51%	1,574,045	1.85
☰	BBBYQ - Bed Bath & Beyond Inc	Reduce 33.08%	292,661	0.37
☰	WFC - Wells Fargo & Co.	Reduce 33.20%	482,000	0.51
☰	AD - Array Digital Infrastructure, Inc.	Reduce 70.01%	9,780	0.02
☰	AAIG - American Intl Group Inc	Sell 100.00%	3,364,873	4.00
☰	IAC - Iac Interactivecorp	Sell 100.00%	4,186,114	3.62
☰	FNMA - Federal Natl Mtg Assn	Sell 100.00%	1,686,730	1.48
☰	APOL - Apollo Group Inc	Sell 100.00%	603,380	1.20
☰	FMCC - Federal Home Ln Mtg Corp	Sell 100.00%	641,700	0.47
☰	AMTD - Td Ameritrade Hldg Corp	Sell 100.00%	576,490	0.47
☰	BECN - Beacon Roofing Supply Inc	Sell 100.00%	350,200	0.17
☰	SIXFQ - Six Flags Inc	Sell 100.00%	2,400,000	0.12
☰	COV - Covidien Ltd	Sell 100.00%	22,750	0.05
	Q2 2008
☰	AMTD - Td Ameritrade Hldg Corp	Reduce 0.24%	235	0.00
☰	CAB - Cabelas Inc	Reduce 0.30%	12,055	0.01
☰	CMCSK - Comcast Corp New	Reduce 0.52%	2,230	0.00
☰	UNH - UnitedHealth Group Inc.	Reduce 0.53%	19,600	0.02
☰	WFC - Wells Fargo & Co.	Reduce 0.55%	8,000	0.01
☰	RWT - Redwood Tr Inc	Reduce 1.47%	85,085	0.11
☰	OCR - Omnicare Inc	Reduce 1.91%	97,420	0.06
☰	IAC - Iac Interactivecorp	Reduce 2.35%	100,950	0.08
☰	BRYG - Berkshire Hathaway Inc Del	Reduce 4.20%	2,930	0.48
☰	TYCN - Tyco Intl Ltd Bermuda	Reduce 4.60%	85,000	0.14
☰	0948265D - Convera Corp	Reduce 5.38%	33,562	0.00
☰	AXP - American Express Co.	Reduce 8.28%	283,900	0.45
☰	LOW - Lowe's Companies, Inc.	Reduce 9.72%	365,234	0.31
☰	USG - U S G Corp	Reduce 9.94%	241,335	0.32
☰	APOL - Apollo Group Inc	Reduce 14.22%	100,000	0.16
☰	MHK - Mohawk Industries, Inc.	Reduce 18.59%	161,424	0.42
☰	AAIG - American Intl Group Inc	Reduce 19.61%	820,771	1.30
☰	CMCSA - Comcast Corp.	Reduce 23.57%	3,427,908	1.13
☰	SIXFQ - Six Flags Inc	Reduce 23.81%	750,000	0.04
☰	BBBYQ - Bed Bath & Beyond Inc	Reduce 42.61%	657,000	0.71
☰	LMDIA - Liberty Media Corp New	Reduce 44.38%	3,686,870	3.05
☰	FNMA - Federal Natl Mtg Assn	Reduce 51.93%	1,822,430	1.75
☰	BECN - Beacon Roofing Supply Inc	Reduce 51.99%	379,228	0.14
☰	WMT - Walmart Inc.	Reduce 56.66%	2,314,053	1.48
☰	COV - Covidien Ltd	Reduce 97.98%	1,102,500	1.78
☰	CBR$ - Cadbury Schweppes Plc	Sell 100.00%	2,600	0.00
	Q1 2008
☰	AMTD - Td Ameritrade Hldg Corp	Reduce 0.59%	575	0.00
☰	AAIG - American Intl Group Inc	Reduce 2.25%	96,379	0.19
☰	RWT - Redwood Tr Inc	Reduce 2.49%	148,145	0.17
☰	OCR - Omnicare Inc	Reduce 5.12%	275,000	0.21
☰	0948265D - Convera Corp	Reduce 6.93%	46,438	0.00
☰	BRYG - Berkshire Hathaway Inc Del	Reduce 11.58%	9,142	1.43
☰	FNMA - Federal Natl Mtg Assn	Reduce 13.40%	543,000	0.72
☰	TYCN - Tyco Intl Ltd Bermuda	Reduce 14.00%	301,000	0.39
☰	USG - U S G Corp	Reduce 16.46%	478,465	0.56
☰	LOW - Lowe's Companies, Inc.	Reduce 19.98%	938,588	0.70
☰	FMCC - Federal Home Ln Mtg Corp	Reduce 24.42%	207,300	0.23
☰	WFC - Wells Fargo & Co.	Reduce 28.38%	578,400	0.58
☰	SIXFQ - Six Flags Inc	Reduce 32.10%	1,489,100	0.10
☰	LWI - Leap Wireless Intl Inc	Reduce 45.89%	1,340	0.00
☰	COV - Covidien Ltd	Reduce 46.82%	990,750	1.45
☰	WMT - Walmart Inc.	Reduce 64.39%	7,386,366	3.86
☰	C - Citigroup Inc.	Sell 100.00%	15,000	0.01
☰	TBI - TrueBlue, Inc.	Sell 100.00%	9,025	0.00
☰	CRI - Carter's, Inc.	Sell 100.00%	5,110	0.00
	Q4 2007
☰	FMCC - Federal Home Ln Mtg Corp	Reduce 0.25%	2,149	0.00
☰	MHK - Mohawk Industries, Inc.	Reduce 1.02%	7,900	0.02
☰	SIXFQ - Six Flags Inc	Reduce 2.11%	100,000	0.01
☰	BRK.A - Berkshire Hathaway CL A	Reduce 3.16%	27	0.08
☰	USG - U S G Corp	Reduce 3.42%	102,900	0.10
☰	IAC - Iac Interactivecorp	Reduce 5.15%	144,200	0.11
☰	TDS.S - Telephone & Data Sys Inc	Reduce 6.89%	246,442	0.39
☰	DLCA - Dell Inc	Reduce 11.86%	714,327	0.51
☰	BRYG - Berkshire Hathaway Inc Del	Reduce 20.24%	20,026	2.04
☰	WMT - Walmart Inc.	Reduce 26.08%	4,046,040	1.52
☰	CMLS - Cumulus Media Inc	Reduce 27.06%	807,600	0.21
☰	UNH - UnitedHealth Group Inc.	Reduce 46.92%	3,155,044	3.93
☰	AMTD - Td Ameritrade Hldg Corp	Reduce 51.17%	101,550	0.29
☰	CFC - Countrywide Financial Corp Co	Sell 100.00%	15,983,284	7.82
☰	TEL - TE Connectivity plc	Sell 100.00%	2,012,966	1.84
☰	APOL - Apollo Group Inc Cl	Sell 100.00%	761,000	1.18
☰	IRM* - Iron Mtn Inc Co	Sell 100.00%	38,000	0.03
☰	COCOQ - Corinthian Colleges Inc Co	Sell 100.00%	16,000	0.01
	Q3 2007
☰	MHK - Mohawk Industries, Inc.	Reduce 0.28%	2,180	0.01
☰	WMT - Walmart Inc.	Reduce 0.56%	87,000	0.03
☰	DLCA - Dell Inc Co	Reduce 2.34%	144,620	0.10
☰	FNMA - Federal Natl Mtg Assn Co	Reduce 5.32%	205,000	0.32
☰	CMLS - Cumulus Media Inc Cl	Reduce 33.97%	1,535,802	0.34
☰	UPS - United Parcel Service, Inc.	Reduce 40.54%	316,000	0.54
☰	APOL - Apollo Group Inc Cl	Reduce 69.95%	1,771,200	2.44
☰	COCOQ - Corinthian Colleges Inc Co	Reduce 98.24%	893,700	0.34
☰	TYI - Tyco Intl Ltd New	Sell 100.00%	8,574,267	6.82
☰	SLM - SLM Corp.	Sell 100.00%	103,200	0.14
☰	SYY - Sysco Corp.	Sell 100.00%	40,600	0.03
	Q2 2007
☰	BRYG - Berkshire Hathaway Inc Del	Reduce 0.00%	4	0.00
☰	FMCC - Federal Home Ln Mtg Corp	Reduce 0.02%	205	0.00
☰	CFC - Countrywide Financial Corp	Reduce 0.03%	2,900	0.00
☰	AXP - American Express Co.	Reduce 0.19%	4,200	0.01
☰	WMT - Walmart Inc.	Reduce 0.22%	34,500	0.01
☰	IAC - Iac Interactivecorp	Reduce 0.44%	11,000	0.01
☰	DLCA - Dell Inc	Reduce 0.45%	27,900	0.02
☰	TDS.S - Telephone & Data Sys Inc	Reduce 1.24%	44,095	0.06
☰	FNMA - Federal Natl Mtg Assn	Reduce 2.30%	90,825	0.13
☰	MHK - Mohawk Industries, Inc.	Reduce 3.12%	24,900	0.05
☰	TYI - Tyco Intl Ltd New	Reduce 8.82%	829,690	0.66
☰	APOL - Apollo Group Inc	Reduce 15.51%	464,870	0.51
☰	COCOQ - Corinthian Colleges Inc	Reduce 15.87%	171,542	0.06
☰	SLM - SLM Corp.	Reduce 48.40%	270,846	0.10
☰	EXPE - Expedia Group, Inc.	Sell 100.00%	3,980,000	2.33
☰	LMIG - Liberty Global Inc	Sell 100.00%	1,554,516	1.29
☰	NCRA - News Corp	Sell 100.00%	1,300,000	0.76
☰	AZO - AutoZone, Inc.	Sell 100.00%	101,110	0.33
	Q1 2007
☰	MHK - Mohawk Industries, Inc.	Reduce 0.05%	425	0.00
☰	UNH - UnitedHealth Group Inc.	Reduce 0.05%	3,280	0.00
☰	FNMA - Federal Natl Mtg Assn	Reduce 0.10%	4,000	0.01
☰	TYI - Tyco Intl Ltd New	Reduce 0.19%	18,000	0.01
☰	WMT - Walmart Inc.	Reduce 0.42%	65,955	0.02
☰	RWT - Redwood Tr Inc	Reduce 0.68%	31,234	0.04
☰	DLCA - Dell Inc	Reduce 0.90%	56,000	0.03
☰	SIXFQ - Six Flags Inc	Reduce 2.07%	100,000	0.01
☰	BRK.A - Berkshire Hathaway CL A	Reduce 5.53%	50	0.13
☰	TDS.S - Telephone & Data Sys Inc	Reduce 6.45%	245,528	0.30
☰	CMCSA - Comcast Corp.	Reduce 9.75%	1,147,025	0.37
☰	APOL - Apollo Group Inc	Reduce 12.42%	425,000	0.40
☰	WFC - Wells Fargo & Co.	Reduce 16.06%	46,000	0.04
☰	CMCSK - Comcast Corp New	Reduce 16.48%	34,453	0.04
☰	IAC - Iac Interactivecorp	Reduce 18.17%	556,350	0.51
☰	AZO - AutoZone, Inc.	Reduce 24.70%	33,165	0.09
☰	EXPE - Expedia Group, Inc.	Reduce 37.83%	1,211,000	1.24
☰	NCRA - News Corp	Reduce 77.76%	151,500	2.39
☰	WAMUQ - Washington Mut Inc	Sell 100.00%	1,935,565	2.15
☰	HET - Harrahs Entmt Inc	Sell 100.00%	513,100	1.04
☰	3570354Q - Centex Corp	Sell 100.00%	100,000	0.14
☰	HST - Host Hotels & Resorts, Inc.	Sell 100.00%	40,000	0.02
☰	SSD - Simpson Manufacturing Co., Inc.	Sell 100.00%	3,800	0.00
	Q4 2006
☰	NCRA - News Corp	Reduce 0.05%	97	0.00
☰	AAIG - American Intl Group Inc	Reduce 0.16%	5,270	0.01
☰	CMCSA - Comcast Corp.	Reduce 0.19%	22,887	0.01
☰	CFC - Countrywide Financial Corp	Reduce 0.37%	38,185	0.03
☰	RWT - Redwood Tr Inc	Reduce 2.93%	137,997	0.18
☰	TDS.S - Telephone & Data Sys Inc	Reduce 3.15%	123,832	0.13
☰	FMCC - Federal Home Ln Mtg Corp	Reduce 3.44%	30,320	0.05
☰	CMLS - Cumulus Media Inc	Reduce 4.36%	206,000	0.05
☰	FNMA - Federal Natl Mtg Assn	Reduce 4.49%	185,680	0.27
☰	BRYG - Berkshire Hathaway Inc Del	Reduce 4.95%	5,147	0.42
☰	BRK.A - Berkshire Hathaway CL A	Reduce 12.57%	130	0.32
☰	CAB - Cabelas Inc	Reduce 15.90%	530,150	0.30
☰	EXPE - Expedia Group, Inc.	Reduce 16.30%	623,283	0.51
☰	TYI - Tyco Intl Ltd New	Reduce 17.24%	1,962,500	1.43
☰	AZO - AutoZone, Inc.	Reduce 18.82%	31,125	0.08
☰	DLCA - Dell Inc	Reduce 19.92%	1,555,000	0.92
☰	IAC - Iac Interactivecorp	Reduce 49.26%	2,972,321	2.22
☰	CMCSK - Comcast Corp New	Reduce 69.43%	475,000	0.45
☰	USB - U.S. Bancorp	Reduce 94.17%	1,614,000	1.39
☰	HST - Host Hotels & Resorts, Inc.	Reduce 98.13%	2,145,150	1.25
☰	HCBK - Hudson City Bancorp	Sell 100.00%	636,000	0.22
☰	FDCP - First Data Corp	Sell 100.00%	17,000	0.02
	Q3 2006
☰	FMCC - Federal Home Ln Mtg Corp	Reduce 0.11%	1,000	0.01
☰	CMLS - Cumulus Media Inc	Reduce 1.52%	73,150	0.15
☰	CAB - Cabelas Inc	Reduce 3.86%	134,000	0.49
☰	LAB - Standard BioTools Inc.	Reduce 8.70%	1,000	0.01
☰	USB - U.S. Bancorp	Reduce 14.06%	280,347	1.64
☰	LMIG - Liberty Global Inc	Reduce 20.77%	407,505	1.66
☰	CMCSK - Comcast Corp New	Reduce 47.50%	619,000	3.85
☰	WFC - Wells Fargo & Co.	Reduce 55.59%	358,604	2.28
☰	NFB - North Fork Bancorporation Ny	Sell 100.00%	900,000	5.16
☰	3393199Q - Anheuser Busch Cos Inc	Sell 100.00%	300,000	2.60
☰	CE1 - Career Education Corp	Sell 100.00%	184,240	1.05
☰	CPWM - Cost Plus Inc Calif	Sell 100.00%	210,050	0.58
☰	VIAB - Viacom Inc New	Sell 100.00%	10,000	0.07
☰	TAP - Molson Coors Beverage Co.	Sell 100.00%	1,285	0.02
	Q2 2006
☰	COCOQ - Corinthian Colleges Inc	Reduce 0.51%	5,098	0.00
☰	WFC - Wells Fargo & Co.	Reduce 19.87%	159,926	0.12
☰	USB - U.S. Bancorp	Reduce 20.77%	522,753	0.37
☰	LMIG - Liberty Global Inc	Reduce 28.39%	777,979	0.37
☰	HCBK - Hudson City Bancorp	Reduce 75.09%	1,917,200	0.59
☰	CMCSK - Comcast Corp New	Reduce 80.26%	5,296,756	3.19
☰	3393199Q - Anheuser Busch Cos Inc	Reduce 81.82%	1,350,400	1.33
☰	TAP - Molson Coors Beverage Co.	Reduce 87.51%	18,000	0.01
☰	LAB - Standard BioTools Inc.	Reduce 97.40%	430,000	0.58
☰	CFC - Countrywide Financial Corp	Sell 100.00%	11,642,549	9.85
☰	2860436Q - Liberty Media Corp New	Sell 100.00%	48,507,650	9.18
☰	TYI - Tyco Intl Ltd New	Sell 100.00%	13,579,150	8.41
☰	BRYG - Berkshire Hathaway Inc Del	Sell 100.00%	111,440	7.74
☰	WMT - Walmart Inc.	Sell 100.00%	5,761,775	6.27
☰	FNMA - Federal Natl Mtg Assn	Sell 100.00%	4,977,065	5.90
☰	RWT - Redwood Tr Inc	Sell 100.00%	4,622,615	4.62
☰	WAMUQ - Washington Mut Inc	Sell 100.00%	3,954,100	3.89
☰	AAIG - American Intl Group Inc	Sell 100.00%	2,452,635	3.74
☰	CMCSA - Comcast Corp.	Sell 100.00%	5,835,800	3.52
☰	HST - Host Hotels & Resorts, Inc.	Sell 100.00%	7,100,000	3.50
☰	TDS.S - Telephone & Data Sys Inc	Sell 100.00%	3,981,400	3.46
☰	BRK.A - Berkshire Hathaway CL A	Sell 100.00%	1,529	3.18
☰	EXPE - Expedia Group, Inc.	Sell 100.00%	6,037,456	2.82
☰	NCRA - News Corp	Sell 100.00%	7,005,875	2.68
☰	IAC - Iac Interactivecorp	Sell 100.00%	3,942,400	2.68
☰	HET - Harrahs Entmt Inc	Sell 100.00%	468,000	0.84
☰	0910150D - Hilton Hotels Corp	Sell 100.00%	1,000,000	0.59
☰	ESINQ - Itt Educational Services Inc	Sell 100.00%	195,000	0.29
☰	UNH - UnitedHealth Group Inc.	Sell 100.00%	160,300	0.21
☰	FCYA - Forest City Enterprises Inc	Sell 100.00%	45,600	0.05
☰	QWC - Qwest Communications Intl In	Sell 100.00%	236,000	0.04
☰	LWI - Leap Wireless Intl Inc	Sell 100.00%	26,000	0.03
	Q1 2006
☰	NCRA - News Corp	Reduce 0.18%	430	0.00
☰	AZO - AutoZone, Inc.	Reduce 0.24%	300	0.00
☰	TYI - Tyco Intl Ltd New	Reduce 0.25%	33,500	0.01
☰	3393199Q - Anheuser Busch Cos Inc	Reduce 0.28%	4,600	0.00
☰	USB - U.S. Bancorp	Reduce 0.75%	18,900	0.01
☰	WAMUQ - Washington Mut Inc	Reduce 3.63%	148,900	0.07
☰	HCBK - Hudson City Bancorp	Reduce 7.83%	217,000	0.03
☰	WMT - Walmart Inc.	Reduce 7.84%	1,470,000	0.24
☰	CMLS - Cumulus Media Inc	Reduce 8.03%	255,924	0.03
☰	LMIG - Liberty Global Inc	Reduce 16.26%	532,200	0.13
☰	0910150D - Hilton Hotels Corp	Reduce 16.67%	200,000	0.05
☰	ESINQ - Itt Educational Services Inc	Reduce 17.33%	40,870	0.03
☰	HST - Host Hotels & Resorts, Inc.	Reduce 18.86%	1,685,475	0.33
☰	IAC - Iac Interactivecorp	Reduce 19.03%	926,700	0.28
☰	FNMA - Federal Natl Mtg Assn	Reduce 38.95%	3,175,960	1.65
☰	FMCC - Federal Home Ln Mtg Corp	Reduce 45.13%	714,400	0.50
☰	LWI - Leap Wireless Intl Inc	Reduce 48.00%	24,000	0.01
☰	CMCSK - Comcast Corp New	Reduce 54.65%	7,952,000	2.18
☰	UNH - UnitedHealth Group Inc.	Reduce 58.94%	230,100	0.15
☰	SIXFQ - Six Flags Inc	Reduce 84.98%	8,362,500	0.69
☰	FCYA - Forest City Enterprises Inc	Reduce 85.38%	266,200	0.11
☰	QWC - Qwest Communications Intl In	Reduce 97.52%	9,271,000	0.56
☰	WFC - Wells Fargo & Co.	Reduce 99.80%	409,638,750	58.93
☰	CAH - Cardinal Health, Inc.	Sell 100.00%	2,000,000	1.47
☰	VIA.B - Viacom Inc	Sell 100.00%	520,000	0.18
☰	CNC - Centene Corp.	Sell 100.00%	202,475	0.06
	Q4 2005
☰	2860436Q - Liberty Media Corp New Com Ser A	Reduce 0.35%	167,500	0.03
☰	HST - Host Hotels & Resorts, Inc.	Reduce 2.23%	204,300	0.07
☰	WAMUQ - Washington Mut Inc	Reduce 2.38%	100,000	0.08
☰	HET - Harrahs Entmt Inc	Reduce 2.50%	12,000	0.02
☰	IAC - Iac Interactivecorp	Reduce 2.99%	150,000	0.08
☰	CAH - Cardinal Health, Inc.	Reduce 8.26%	180,000	0.23
☰	3393199Q - Anheuser Busch Cos Inc	Reduce 8.77%	159,000	0.14
☰	WMT - Walmart Inc.	Reduce 10.11%	2,110,500	0.62
☰	LMIG - Liberty Global Inc Com Ser A	Reduce 11.33%	418,300	0.23
☰	HCBK - Hudson City Bancorp	Reduce 24.26%	887,500	0.21
☰	ESINQ - Itt Educational Services Inc	Reduce 34.78%	125,780	0.13
☰	UNH - UnitedHealth Group Inc.	Reduce 35.97%	219,350	0.25
☰	FCYA - Forest City Enterprises Inc	Reduce 37.64%	188,200	0.15
☰	FMCC - Federal Home Ln Mtg Corp	Reduce 47.60%	1,437,980	1.64
☰	QWC - Qwest Communications Intl In	Reduce 60.82%	14,761,000	1.22
☰	LWI - Leap Wireless Intl Inc	Reduce 78.72%	185,000	0.13
☰	TAP - Molson Coors Beverage Co.	Reduce 98.12%	1,073,830	0.70
☰	CFC - Countrywide Financial Corp	Sell 100.00%	10,772,199	7.19
☰	BRYG - Berkshire Hathaway Inc Del	Sell 100.00%	112,010	6.19
☰	BRK.A - Berkshire Hathaway CL A	Sell 100.00%	2,969	4.93
☰	TDS.S - Telephone & Data Sys Inc	Sell 100.00%	2,724,600	2.07
☰	ICCI - Insight Communications Inc	Sell 100.00%	4,854,873	1.14
☰	JNS - Janus Cap Group Inc	Sell 100.00%	1,574,000	0.46
☰	COST - Costco Wholesale Corp.	Sell 100.00%	500,000	0.44
	Q3 2005
☰	CMLS - Cumulus Media Inc	Reduce 0.00%	100	0.00
☰	ESINQ - Itt Educational Services Inc	Reduce 3.48%	13,050	0.01
☰	TAP - Molson Coors Beverage Co.	Reduce 5.69%	66,000	0.04
☰	LMIG - Liberty Global Inc	Reduce 9.28%	377,675	0.37
☰	0910150D - Hilton Hotels Corp	Reduce 11.11%	150,000	0.07
☰	QWC - Qwest Communications Intl In	Reduce 12.14%	3,352,000	0.26
☰	FCYA - Forest City Enterprises Inc	Reduce 18.03%	110,000	0.16
☰	HCBK - Hudson City Bancorp	Reduce 22.51%	1,062,300	0.25
☰	ICCI - Insight Communications Inc	Reduce 28.26%	1,912,647	0.44
☰	HST - Host Hotels & Resorts, Inc.	Reduce 30.76%	4,061,280	1.44
☰	HET - Harrahs Entmt Inc	Reduce 81.26%	2,081,471	3.11
☰	FDCP - First Data Corp	Reduce 94.64%	300,000	0.25
☰	OCR - Omnicare Inc	Sell 100.00%	614,500	0.54
☰	IRM* - Iron Mtn Inc	Sell 100.00%	364,000	0.23
☰	CO8 - Capital Automotive Reit	Sell 100.00%	183,200	0.14
☰	COF - Capital One Financial Corp.	Sell 100.00%	1,300	0.00
	Q2 2005
☰	CAH - Cardinal Health, Inc.	Reduce 0.90%	19,900	0.03
☰	CMCSK - Comcast Corp New	Reduce 1.16%	155,850	0.12
☰	FMCC - Federal Home Ln Mtg Corp	Reduce 1.59%	45,400	0.07
☰	WFC - Wells Fargo & Co.	Reduce 5.59%	20,000	0.01
☰	CFC - Countrywide Financial Corp	Reduce 7.05%	743,000	0.55
☰	FNMA - Federal Natl Mtg Assn	Reduce 12.85%	926,400	1.14
☰	HST - Host Hotels & Resorts, Inc.	Reduce 22.58%	3,851,055	1.42
☰	CO8 - Capital Automotive Reit	Reduce 24.05%	58,000	0.04
☰	OCR - Omnicare Inc	Reduce 33.74%	312,900	0.25
☰	FCYA - Forest City Enterprises Inc	Reduce 46.07%	521,200	0.75
☰	LAB - Standard BioTools Inc.	Reduce 47.18%	394,400	0.43
☰	0910150D - Hilton Hotels Corp	Reduce 70.36%	3,204,000	1.62
☰	4612775Q - Caesars Entmt Inc	Sell 100.00%	12,254,000	5.50
☰	582663Q - Liberty Media Intl Inc	Sell 100.00%	3,786,303	3.76
☰	CHTRQ - Charter Communications Inc D	Sell 100.00%	17,013,500	0.62
☰	2758954Q - Triad Hospitals Inc	Sell 100.00%	300,000	0.34
☰	CZN - Citizens Communications Co	Sell 100.00%	1,157,200	0.34
☰	RSG - Republic Services, Inc.	Sell 100.00%	13,000	0.01
	Q1 2005
☰	4612775Q - Caesars Entmt Inc	Reduce 1.19%	147,500	0.05
☰	AZO - AutoZone, Inc.	Reduce 1.86%	2,000	0.00
☰	FCYA - Forest City Enterprises Inc	Reduce 3.32%	38,800	0.04
☰	CAB - Cabelas Inc	Reduce 3.38%	55,721	0.02
☰	HST - Host Hotels & Resorts, Inc.	Reduce 5.27%	948,156	0.28
☰	CMCSK - Comcast Corp New	Reduce 8.36%	1,223,500	0.71
☰	WAMUQ - Washington Mut Inc	Reduce 12.49%	600,000	0.45
☰	MHK - Mohawk Industries, Inc.	Reduce 12.50%	1,000	0.00
☰	HET - Harrahs Entmt Inc	Reduce 13.13%	178,500	0.21
☰	CAH - Cardinal Health, Inc.	Reduce 18.40%	496,100	0.51
☰	ICCI - Insight Communications Inc	Reduce 20.49%	1,744,442	0.29
☰	0910150D - Hilton Hotels Corp	Reduce 21.73%	1,264,000	0.51
☰	CHTRQ - Charter Communications Inc D	Reduce 34.56%	8,986,500	0.36
☰	LAB - Standard BioTools Inc.	Reduce 48.95%	801,600	0.71
☰	ESINQ - Itt Educational Services Inc	Reduce 50.51%	149,000	0.13
☰	CZN - Citizens Communications Co	Reduce 64.50%	2,102,800	0.51
☰	2758954Q - Triad Hospitals Inc	Reduce 79.81%	1,186,200	0.78
☰	COCOQ - Corinthian Colleges Inc	Reduce 83.87%	780,000	0.26
☰	RSG - Republic Services, Inc.	Reduce 92.02%	225,000	0.09
☰	WFC - Wells Fargo & Co.	Reduce 99.93%	491,054,506	12.99
☰	PFE - Pfizer Inc.	Sell 100.00%	6,081,000	2.89
☰	PZZA - Papa Johns Intl Inc	Sell 100.00%	157,000	0.10
☰	JOE - The St. Joe Co.	Sell 100.00%	21,900	0.02
☰	3605818Q - Hca Inc	Sell 100.00%	5,000	0.00
	Q4 2004
☰	FCYA - Forest City Enterprises Inc	Reduce 0.09%	1,000	0.00
☰	2860436Q - Liberty Media Corp New	Reduce 0.59%	265,000	0.04
☰	582663Q - Liberty Media Intl Inc	Reduce 0.62%	23,724	0.01
☰	ICCI - Insight Communications Inc	Reduce 1.09%	93,888	0.02
☰	CMCSK - Comcast Corp New	Reduce 1.81%	270,000	0.14
☰	COCOQ - Corinthian Colleges Inc	Reduce 2.93%	28,100	0.01
☰	FNMA - Federal Natl Mtg Assn	Reduce 3.35%	167,501	0.20
☰	RWT - Redwood Tr Inc	Reduce 4.77%	173,000	0.20
☰	2758954Q - Triad Hospitals Inc	Reduce 6.25%	99,000	0.06
☰	COST - Costco Wholesale Corp.	Reduce 9.58%	53,000	0.04
☰	WAMUQ - Washington Mut Inc	Reduce 9.79%	521,000	0.38
☰	SIXFQ - Six Flags Inc	Reduce 13.30%	1,510,000	0.15
☰	LAB - Standard BioTools Inc.	Reduce 14.44%	276,300	0.23
☰	CO8 - Capital Automotive Reit	Reduce 17.36%	50,000	0.03
☰	CHTRQ - Charter Communications Inc D	Reduce 20.12%	6,549,600	0.33
☰	CAH - Cardinal Health, Inc.	Reduce 20.97%	715,500	0.59
☰	HET - Harrahs Entmt Inc	Reduce 24.44%	440,000	0.44
☰	HST - Host Hotels & Resorts, Inc.	Reduce 25.60%	6,194,376	1.60
☰	FMCC - Federal Home Ln Mtg Corp	Reduce 43.02%	1,728,200	2.12
☰	QWC - Qwest Communications Intl In	Reduce 43.16%	20,690,200	1.30
☰	0910150D - Hilton Hotels Corp	Reduce 45.67%	4,891,000	1.73
☰	ESINQ - Itt Educational Services Inc	Reduce 48.34%	276,000	0.19
☰	4612775Q - Caesars Entmt Inc	Reduce 57.03%	16,456,700	5.17
☰	PZZA - Papa Johns Intl Inc	Reduce 71.64%	1,586,360	0.23
☰	CZN - Citizens Communications Co	Reduce 79.17%	12,387,500	3.12
☰	3692470Q - Alltel Corp	Sell 100.00%	1,603,000	1.66
☰	FHCC - First Health Group Corp	Sell 100.00%	3,069,000	0.93
☰	612939Q - Greenpoint Finl Corp	Sell 100.00%	800,000	0.70
☰	IAAI - Insurance Auto Auctions Inc	Sell 100.00%	193,697	0.06
☰	AVB - AvalonBay Communities, Inc.	Sell 100.00%	40,000	0.05
☰	V9F - Archstone Smith Tr	Sell 100.00%	68,000	0.04
☰	VNO - Vornado Realty Trust	Sell 100.00%	25,000	0.03
	Q3 2004
☰	COST - Costco Wholesale Corp.	Reduce 0.36%	2,000	0.00
☰	CO8 - Capital Automotive Reit	Reduce 0.69%	2,000	0.00
☰	ICCI - Insight Communications Inc	Reduce 0.74%	64,250	0.01
☰	USB - U.S. Bancorp	Reduce 0.74%	19,000	0.01
☰	SIXFQ - Six Flags Inc	Reduce 1.30%	150,000	0.01
☰	QWC - Qwest Communications Intl I	Reduce 3.65%	1,815,000	0.07
☰	HST - Host Hotels & Resorts, Inc.	Reduce 4.06%	1,025,075	0.13
☰	FHCC - First Health Group Corp	Reduce 4.66%	150,000	0.02
☰	WAMUQ - Washington Mut Inc	Reduce 7.95%	459,700	0.18
☰	3692470Q - Alltel Corp	Reduce 11.09%	200,000	0.10
☰	VNO - Vornado Realty Trust	Reduce 20.64%	8,885	0.00
☰	CZN - Citizens Communications Co	Reduce 33.37%	7,835,500	0.98
☰	612939Q - Greenpoint Finl Corp	Reduce 60.26%	1,213,000	0.50
☰	WFC - Wells Fargo & Co.	Reduce 99.95%	611,468,096	57.86
☰	COX - Cox Communications Inc New	Sell 100.00%	964,000	0.28
☰	ARE - Alexandria Real Estate Equities, Inc.	Sell 100.00%	3,500	0.00
	Q2 2004
☰	HST - Host Hotels & Resorts, Inc.	Reduce 0.34%	85,806	0.02
☰	CHTRQ - Charter Communications Inc D	Reduce 0.61%	200,000	0.02
☰	0910150D - Hilton Hotels Corp	Reduce 0.67%	72,000	0.02
☰	WAMUQ - Washington Mut Inc	Reduce 0.85%	49,300	0.04
☰	USB - U.S. Bancorp	Reduce 1.01%	26,000	0.01
☰	FHCC - First Health Group Corp	Reduce 3.01%	100,000	0.04
☰	3692470Q - Alltel Corp	Reduce 7.54%	147,000	0.15
☰	4612775Q - Caesars Entmt Inc	Reduce 14.46%	4,585,000	1.19
☰	612939Q - Greenpoint Finl Corp	Reduce 36.29%	1,146,400	1.00
☰	BRYG - Berkshire Hathaway Inc Del	Sell 100.00%	103,480	6.42
☰	BRK.A - Berkshire Hathaway CL A	Sell 100.00%	2,895	5.38
☰	CFC - Countrywide Financial Corp	Sell 100.00%	2,813,332	5.38
☰	2758954Q - Triad Hospitals Inc	Sell 100.00%	1,782,000	1.09
☰	597730Q - Extended Stay Amer Inc	Sell 100.00%	2,716,600	1.05
☰	SWY - Safeway Inc	Sell 100.00%	924,400	0.38
☰	IAAI - Insurance Auto Auctions Inc	Sell 100.00%	633,400	0.18
☰	V9F - Archstone Smith Tr	Sell 100.00%	255,000	0.15
☰	WR - Westar Energy Inc	Sell 100.00%	13,500	0.01
	Q1 2004
☰	CO8 - Capital Automotive Reit	Reduce 63.83%	150,000	13.31
☰	CYCL - Centennial Communctns Corp N	Sell 100.00%	737,965	10.76
☰	MEDI - Medimmune Inc	Sell 100.00%	150,000	10.56
	Q4 2003
☰	IAAI - Insurance Auto Auctions Inc	Reduce 2.12%	13,700	0.00
☰	CYCL - Centennial Communctns Corp N	Reduce 12.76%	107,984	0.01
☰	WFC - Wells Fargo & Co.	Reduce 13.33%	40,000	0.02
☰	CO8 - Capital Automotive Reit	Reduce 29.22%	97,000	0.06
☰	2860436Q - Liberty Media Corp New	Sell 100.00%	41,427,000	9.00
☰	CMCSK - Comcast Corp New	Sell 100.00%	12,083,000	7.77
☰	HST - Host Hotels & Resorts, Inc.	Sell 100.00%	30,361,000	7.10
☰	CZN - Citizens Communications Co	Sell 100.00%	23,170,000	5.66
☰	BRYG - Berkshire Hathaway Inc Del	Sell 100.00%	103,400	5.62
☰	WAMUQ - Washington Mut Inc	Sell 100.00%	6,320,000	5.42
☰	BRK.A - Berkshire Hathaway CL A	Sell 100.00%	3,075	5.02
☰	CFC - Countrywide Financial Corp	Sell 100.00%	2,816,000	4.80
☰	0910150D - Hilton Hotels Corp	Sell 100.00%	13,000,000	4.59
☰	FMCC - Federal Home Ln Mtg Corp	Sell 100.00%	3,850,000	4.39
☰	SWY - Safeway Inc	Sell 100.00%	8,670,000	4.33
☰	612939Q - Greenpoint Finl Corp	Sell 100.00%	5,406,300	3.52
☰	3692470Q - Alltel Corp	Sell 100.00%	3,287,000	3.32
☰	QWC - Qwest Communications Intl In	Sell 100.00%	44,658,200	3.31
☰	CHTRQ - Charter Communications Inc D	Sell 100.00%	34,100,000	3.06
☰	RWT - Redwood Tr Inc	Sell 100.00%	3,244,300	3.00
☰	USB - U.S. Bancorp	Sell 100.00%	4,871,250	2.55
☰	WR - Westar Energy Inc	Sell 100.00%	4,400,000	1.77
☰	ICCI - Insight Communications Inc	Sell 100.00%	7,830,100	1.62
☰	V9F - Archstone Smith Tr	Sell 100.00%	2,598,300	1.49
☰	SIXFQ - Six Flags Inc	Sell 100.00%	12,206,200	1.40
☰	FNMA - Federal Natl Mtg Assn	Sell 100.00%	850,000	1.30
☰	VNO - Vornado Realty Trust	Sell 100.00%	1,200,000	1.26
☰	LAB - Standard BioTools Inc.	Sell 100.00%	1,875,900	1.17
☰	FCYA - Forest City Enterprises Inc	Sell 100.00%	1,187,700	1.13
☰	HET - Harrahs Entmt Inc	Sell 100.00%	1,140,000	1.05
☰	597730Q - Extended Stay Amer Inc	Sell 100.00%	2,916,600	0.95
☰	SPNT - SiriusPoint Ltd.	Sell 100.00%	2,870,000	0.94
☰	WM - Waste Management, Inc.	Sell 100.00%	1,451,300	0.83
☰	AVB - AvalonBay Communities, Inc.	Sell 100.00%	414,700	0.42
☰	PZZA - Papa Johns Intl Inc	Sell 100.00%	700,000	0.38
☰	COST - Costco Wholesale Corp.	Sell 100.00%	555,000	0.38
☰	IPG - Interpublic Group Cos Inc	Sell 100.00%	1,000,000	0.31
☰	DHI - D.R. Horton, Inc.	Sell 100.00%	250,000	0.18
☰	AF - Astoria Finl Corp	Sell 100.00%	166,900	0.11
☰	2758954Q - Triad Hospitals Inc	Sell 100.00%	159,400	0.11
☰	GGT - Gabelli Global Multimedia Tr	Sell 100.00%	183,118	0.03
	Q3 2003
☰	CZN - Citizens Communications Co	Reduce 0.74%	173,500	0.05
☰	HST - Host Hotels & Resorts, Inc.	Reduce 3.50%	1,123,650	0.21
☰	CHTRQ - Charter Communications Inc D	Reduce 5.54%	2,000,000	0.17
☰	USB - U.S. Bancorp	Reduce 18.33%	1,093,000	0.57
☰	0910150D - Hilton Hotels Corp	Reduce 20.36%	3,323,000	0.90
☰	WR - Westar Energy Inc	Reduce 21.43%	1,200,000	0.41
☰	VNO - Vornado Realty Trust	Reduce 27.93%	635,586	0.43
☰	V9F - Archstone Smith Tr	Reduce 27.96%	1,008,305	0.51
☰	SWY - Safeway Inc	Reduce 29.66%	3,655,000	1.58
☰	CYCL - Centennial Communctns Corp N	Reduce 34.56%	446,858	0.04
☰	IPG - Interpublic Group Cos Inc	Reduce 63.64%	1,750,000	0.50
☰	LNCR - Lincare Hldgs Inc	Sell 100.00%	129,000	0.09
☰	VCI - Valassis Communications Inc	Sell 100.00%	143,200	0.08
	Q2 2003
☰	QWC - Qwest Communications Intl In	Reduce 0.00%	800	0.00
☰	WM - Waste Management, Inc.	Reduce 1.23%	18,000	0.01
☰	HET - Harrahs Entmt Inc	Reduce 1.89%	20,000	0.02
☰	CHTRQ - Charter Communications Inc D	Reduce 2.89%	1,073,609	0.02
☰	0910150D - Hilton Hotels Corp	Reduce 5.85%	1,014,500	0.28
☰	FNMA - Federal Natl Mtg Assn	Reduce 7.89%	30,000	0.05
☰	3692470Q - Alltel Corp	Reduce 8.91%	321,700	0.35
☰	WR - Westar Energy Inc	Reduce 10.80%	678,100	0.20
☰	2860436Q - Liberty Media Corp New	Reduce 11.02%	5,117,700	1.20
☰	CMCSK - Comcast Corp New	Reduce 11.88%	1,555,500	1.03
☰	CZN - Citizens Communications Co	Reduce 14.64%	4,003,000	0.97
☰	DHI - D.R. Horton, Inc.	Reduce 16.67%	100,000	0.02
☰	USB - U.S. Bancorp	Reduce 22.79%	1,760,041	0.81
☰	WAMUQ - Washington Mut Inc	Reduce 29.96%	2,703,078	2.31
☰	CFC - Countrywide Financial Corp	Reduce 33.80%	1,437,500	2.00
☰	CYCL - Centennial Communctns Corp N	Reduce 56.48%	1,678,108	0.07
☰	IPG - Interpublic Group Cos Inc	Reduce 62.07%	4,500,000	1.01
☰	VCI - Valassis Communications Inc	Reduce 71.36%	356,800	0.23
☰	CO8 - Capital Automotive Reit	Reduce 71.41%	499,600	0.30
☰	COST - Costco Wholesale Corp.	Sell 100.00%	200,000	0.15
☰	AXP - American Express Co.	Sell 100.00%	100,000	0.08
☰	CSGP - CoStar Group, Inc.	Sell 100.00%	80,000	0.04
☰	3242107Q - Western Wireless Corp	Sell 100.00%	300,000	0.04
☰	EOP - Equity Office Properties Tru	Sell 100.00%	64,000	0.04
	Q1 2003
☰	3692470Q - Alltel Corp	Reduce 0.06%	2,000	0.00
☰	QWC - Qwest Communications Intl In	Reduce 0.24%	109,000	0.01
☰	CZN - Citizens Communications Co	Reduce 0.95%	262,500	0.06
☰	USB - U.S. Bancorp	Reduce 1.63%	128,000	0.06
☰	0910150D - Hilton Hotels Corp	Reduce 1.70%	300,000	0.09
☰	WAMUQ - Washington Mut Inc	Reduce 1.78%	163,903	0.13
☰	2860436Q - Liberty Media Corp New	Reduce 2.57%	1,223,100	0.25
☰	CMCSK - Comcast Corp New	Reduce 3.35%	453,600	0.24
☰	SIXFQ - Six Flags Inc	Reduce 3.82%	485,400	0.06
☰	CFC - Countrywide Financial Corp	Reduce 3.99%	176,800	0.21
☰	FNMA - Federal Natl Mtg Assn	Reduce 5.33%	21,400	0.03
☰	WFC - Wells Fargo & Co.	Reduce 6.34%	20,320	0.01
☰	CYCL - Centennial Communctns Corp N	Reduce 9.98%	329,512	0.02
☰	CHTRQ - Charter Communications Inc D	Reduce 11.50%	4,831,900	0.13
☰	CO8 - Capital Automotive Reit	Reduce 15.39%	127,300	0.07
☰	IAAI - Insurance Auto Auctions Inc	Reduce 26.66%	235,100	0.09
☰	LNCR - Lincare Hldgs Inc	Reduce 33.33%	50,000	0.04
☰	AXP - American Express Co.	Reduce 50.00%	114,246	0.08
☰	3242107Q - Western Wireless Corp	Reduce 89.32%	2,508,700	0.31
☰	COF - Capital One Financial Corp.	Sell 100.00%	400,000	0.28
☰	LVLT - Level 3 Communications Inc	Sell 100.00%	2,134,590	0.24
☰	ACF - Americredit Corp	Sell 100.00%	1,056,600	0.19
☰	2773205Q - Quanex Corp	Sell 100.00%	129,000	0.10
☰	AD - Array Digital Infrastructure, Inc.	Sell 100.00%	149,200	0.09
☰	KR - The Kroger Co.	Sell 100.00%	200,000	0.07
☰	BIGGQ - Big Lots Inc	Sell 100.00%	130,100	0.04
☰	ORB - Orbital Sciences Corp	Sell 100.00%	348,200	0.03
☰	COX - Cox Communications Inc New	Sell 100.00%	20,000	0.01
☰	RCCA - Rural Cellular Corp	Sell 100.00%	357,400	0.01
	Q4 2002
☰	2860436Q - Liberty Media Corp New	Reduce 0.01%	4,080	0.00
☰	CFC - Countrywide Financial Corp	Reduce 0.04%	1,600	0.00
☰	BRYG - Berkshire Hathaway Inc Del	Reduce 0.10%	100	0.01
☰	V9F - Archstone Smith Tr	Reduce 0.11%	4,000	0.00
☰	COF - Capital One Financial Corp.	Reduce 0.17%	700	0.00
☰	LVLT - Level 3 Communications Inc	Reduce 0.22%	4,700	0.00
☰	RCCA - Rural Cellular Corp	Reduce 0.42%	1,500	0.00
☰	ICCI - Insight Communications Inc	Reduce 2.49%	200,000	0.04
☰	2773205Q - Quanex Corp	Reduce 2.64%	3,500	0.00
☰	BIGGQ - Big Lots Inc	Reduce 3.34%	4,500	0.00
☰	3692470Q - Alltel Corp	Reduce 3.94%	148,000	0.14
☰	SPNT - SiriusPoint Ltd.	Reduce 4.01%	120,000	0.03
☰	WR - Westar Energy Inc	Reduce 4.56%	300,000	0.07
☰	QWC - Qwest Communications Intl In	Reduce 8.00%	3,891,700	0.21
☰	EOP - Equity Office Properties Tru	Reduce 8.57%	6,000	0.00
☰	CO8 - Capital Automotive Reit	Reduce 10.18%	93,700	0.06
☰	IAAI - Insurance Auto Auctions Inc	Reduce 23.52%	271,200	0.10
☰	KR - The Kroger Co.	Reduce 33.33%	200,000	0.03
☰	LNCR - Lincare Hldgs Inc	Reduce 42.53%	111,000	0.08
☰	ORB - Orbital Sciences Corp	Reduce 43.11%	263,900	0.02
☰	VCI - Valassis Communications Inc	Reduce 51.35%	527,700	0.45
☰	3242107Q - Western Wireless Corp	Reduce 99.30%	398,475,895	15.05
☰	AWE - At&t Wireless Svcs Inc	Sell 100.00%	4,318,619	0.43
☰	9489 - At&t Corp	Sell 100.00%	650,000	0.19
☰	HET - Harrahs Entmt Inc	Sell 100.00%	130,000	0.15
☰	PPMIQ - Pmi Group Inc	Sell 100.00%	600	0.00
	Q3 2002
☰	USB - U.S. Bancorp	Reduce 0.73%	56,708	0.02
☰	3692470Q - Alltel Corp	Reduce 1.52%	58,000	0.05
☰	BRYG - Berkshire Hathaway Inc Del	Reduce 2.51%	2,665	0.10
☰	COF - Capital One Financial Corp.	Reduce 7.65%	33,200	0.04
☰	0910150D - Hilton Hotels Corp	Reduce 8.76%	1,693,400	0.40
☰	IAAI - Insurance Auto Auctions Inc	Reduce 14.11%	189,400	0.05
☰	612939Q - Greenpoint Finl Corp	Reduce 26.74%	1,297,500	0.94
☰	LNCR - Lincare Hldgs Inc	Reduce 41.64%	186,200	0.08
☰	CO8 - Capital Automotive Reit	Reduce 55.45%	1,145,800	0.44
☰	HET - Harrahs Entmt Inc	Reduce 56.67%	170,000	0.12
☰	VCI - Valassis Communications Inc	Reduce 58.03%	1,420,800	0.91
☰	ORB - Orbital Sciences Corp	Reduce 62.74%	1,030,800	0.09
☰	AXP - American Express Co.	Reduce 63.90%	404,433	0.24
☰	2773205Q - Quanex Corp	Reduce 68.69%	290,700	0.17
☰	9489 - At&t Corp	Reduce 95.16%	12,770,200	3.32
☰	BIGGQ - Big Lots Inc	Reduce 96.35%	3,556,700	0.83
☰	1030770Q - Golden St Bancorp Inc	Sell 100.00%	7,708,600	3.79
☰	ADELQ - Adelphia Communications Corp	Sell 100.00%	9,157,111	2.26
☰	NFB - North Fork Bancorporation Ny	Sell 100.00%	1,000,000	0.59
☰	DIS - The Walt Disney Co.	Sell 100.00%	1,375,000	0.53
☰	AF - Astoria Finl Corp	Sell 100.00%	542,900	0.26
☰	PZZA - Papa Johns Intl Inc	Sell 100.00%	307,300	0.14
☰	RBMG - Resource Bancshares Mtg Group	Sell 100.00%	169,500	0.05
☰	ICII - Imperial Cr Inds Inc	Sell 100.00%	7,025,500	0.01
☰	ABIZQ - Adelphia Business Solutions	Sell 100.00%	4,461,998	0.00
☰	116777Q - Corecomm Ltd New	Sell 100.00%	677,375	0.00
	Q1 2002
☰	3692470Q - Alltel Corp	Reduce 0.08%	3,000	0.00
☰	BRYG - Berkshire Hathaway Inc Del	Reduce 0.41%	440	0.02
☰	BRK.A - Berkshire Hathaway CL A	Reduce 1.69%	43	0.06
☰	9489 - At&t Corp	Reduce 2.61%	359,000	0.12
☰	FCYA - Forest City Enterprises Inc	Reduce 3.13%	38,350	0.03
☰	SIXFQ - Six Flags Inc	Reduce 3.42%	400,000	0.12
☰	CO8 - Capital Automotive Reit	Reduce 3.44%	73,600	0.03
☰	HST - Host Hotels & Resorts, Inc.	Reduce 7.34%	2,184,069	0.37
☰	AXP - American Express Co.	Reduce 13.17%	95,967	0.06
☰	0910150D - Hilton Hotels Corp	Reduce 19.61%	4,716,500	0.98
☰	IAAI - Insurance Auto Auctions Inc	Reduce 21.22%	361,600	0.10
☰	HET - Harrahs Entmt Inc	Reduce 25.89%	104,800	0.07
☰	VCI - Valassis Communications Inc	Reduce 27.81%	943,450	0.64
☰	ORB - Orbital Sciences Corp	Reduce 36.05%	926,000	0.07
☰	AF - Astoria Finl Corp	Reduce 37.24%	322,100	0.16
☰	BIGGQ - Big Lots Inc	Reduce 43.45%	2,836,600	0.56
☰	2773205Q - Quanex Corp	Reduce 52.42%	466,300	0.25
☰	DIS - The Walt Disney Co.	Reduce 59.56%	2,052,711	0.80
☰	PZZA - Papa Johns Intl Inc	Reduce 63.06%	2,098,000	0.27
☰	NFB - North Fork Bancorporation Ny	Reduce 64.51%	1,817,900	1.11
☰	RBMG - Resource Bancshares Mtg Group	Reduce 83.86%	880,529	0.19
☰	PRU - Prudential Financial, Inc.	Sell 100.00%	400,000	0.25
☰	WCOEQ - Worldcom Inc Ga New	Sell 100.00%	511,450	0.14
☰	1028411Q - Gillette Co	Sell 100.00%	163,600	0.10
☰	WMT - Walmart Inc.	Sell 100.00%	77,000	0.08
☰	NTRS - Northern Trust Corp.	Sell 100.00%	64,000	0.07
	Q4 2001
☰	SPNT - SiriusPoint Ltd.	Reduce 0.66%	20,000	0.01
☰	BRK.A - Berkshire Hathaway CL A	Reduce 0.97%	25	0.04
☰	AWE - At&t Wireless Svcs Inc	Reduce 1.55%	67,899	0.02
☰	9489 - At&t Corp	Reduce 1.85%	259,100	0.11
☰	ICII - Imperial Cr Inds Inc	Reduce 3.67%	267,900	0.00
☰	BIGGQ - Big Lots Inc	Reduce 3.83%	259,800	0.05
☰	IAAI - Insurance Auto Auctions Inc	Reduce 12.60%	245,700	0.07
☰	VCI - Valassis Communications Inc	Reduce 14.21%	562,000	0.40
☰	2773205Q - Quanex Corp	Reduce 14.65%	152,700	0.08
☰	WCOEQ - Worldcom Inc Ga New	Reduce 17.38%	107,600	0.04
☰	ORB - Orbital Sciences Corp	Reduce 17.64%	550,100	0.02
☰	PZZA - Papa Johns Intl Inc	Reduce 19.46%	804,000	0.12
☰	RBMG - Resource Bancshares Mtg Group	Reduce 47.77%	960,400	0.17
☰	AXP - American Express Co.	Reduce 49.08%	702,502	0.40
☰	HET - Harrahs Entmt Inc	Reduce 62.21%	666,500	0.40
☰	SRW - Smith Charles E Resdntl Rlty	Sell 100.00%	359,800	0.41
☰	1562297D - Local Finl Corp	Sell 100.00%	377,300	0.11
☰	AMCVQ - American Classic Voyages Co	Sell 100.00%	3,538,900	0.11
☰	EQR - Equity Residential	Sell 100.00%	70,000	0.09
☰	MAR - Marriott International, Inc.	Sell 100.00%	112,000	0.08
	Q3 2001
☰	FCYA - Forest City Enterprises Inc	Reduce 0.17%	1,400	0.00
☰	1030770Q - Golden St Bancorp Inc	Reduce 0.82%	59,200	0.04
☰	ICII - Imperial Cr Inds Inc	Reduce 1.58%	117,000	0.00
☰	PZZA - Papa Johns Intl Inc	Reduce 2.27%	96,000	0.01
☰	RWT - Redwood Tr Inc	Reduce 2.34%	65,800	0.04
☰	1028411Q - Gillette Co	Reduce 3.54%	6,000	0.00
☰	VCI - Valassis Communications Inc	Reduce 3.54%	145,000	0.12
☰	ORB - Orbital Sciences Corp	Reduce 5.45%	179,700	0.02
☰	2773205Q - Quanex Corp	Reduce 6.45%	71,900	0.04
☰	COF - Capital One Financial Corp.	Reduce 6.47%	30,000	0.04
☰	RBMG - Resource Bancshares Mtg Group	Reduce 10.07%	225,000	0.04
☰	FMCC - Federal Home Ln Mtg Corp	Reduce 17.55%	16,500	0.03
☰	CCRD - Intelligent Sys Corp New	Reduce 24.57%	134,634	0.01
☰	ACF - Americredit Corp	Reduce 27.62%	166,600	0.21
☰	NFB - North Fork Bancorporation Ny	Reduce 27.89%	1,089,800	0.80
☰	1562297D - Local Finl Corp	Reduce 33.49%	190,000	0.06
☰	AF - Astoria Finl Corp	Reduce 37.32%	257,500	0.35
☰	116777Q - Corecomm Ltd New	Reduce 45.93%	575,400	0.00
☰	WMT - Walmart Inc.	Reduce 59.90%	345,000	0.13
☰	890618Q - Labone Inc New	Sell 100.00%	770,550	0.12
	Q2 2001
☰	CFC - Countrywide Cr Inds Inc Del	Reduce 4.79%	203,700	0.11
☰	RBMG - Resource Bancshares Mtg Group	Reduce 5.05%	119,000	0.01
☰	COF - Capital One Financial Corp.	Reduce 7.20%	36,000	0.02
☰	AF - Astoria Finl Corp	Reduce 12.66%	100,000	0.06
☰	HET - Harrahs Entmt Inc	Reduce 20.62%	213,400	0.07
☰	ACF - Americredit Corp	Reduce 24.43%	195,000	0.07
☰	ORB - Orbital Sciences Corp	Reduce 25.28%	1,116,300	0.08
☰	NTRS - Northern Trust Corp.	Reduce 41.82%	46,000	0.03
☰	NFB - North Fork Bancorporation Ny	Reduce 47.13%	3,484,000	1.02
☰	FMCC - Federal Home Ln Mtg Corp	Reduce 47.78%	86,000	0.06
☰	PPMIQ - Pmi Group Inc	Reduce 99.83%	177,450	0.13
☰	WCOEQ - Worldcom Inc Ga New	Sell 100.00%	264,866,602	57.32
☰	2942739Q - Port Finl Corp	Sell 100.00%	535,000	0.11
☰	PGR - The Progressive Corp.	Sell 100.00%	45,000	0.05
☰	WCIIQ - Winstar Communications Inc	Sell 100.00%	1,168,700	0.03
☰	UPFC - United Panam Financial Cp	Sell 100.00%	892,000	0.02
☰	EDE - Empire Dist Elec Co	Sell 100.00%	39,400	0.01
	Q1 2001
☰	890618Q - Labone Inc New	Reduce 0.64%	5,000	0.00
☰	2942739Q - Port Finl Corp	Reduce 1.83%	10,000	0.00
☰	BRYG - Berkshire Hathaway Inc Del	Reduce 2.26%	2,385	0.15
☰	NFB - North Fork Bancorporation Ny	Reduce 2.71%	205,900	0.13
☰	ORB - Orbital Sciences Corp	Reduce 3.11%	141,500	0.02
☰	NTRS - Northern Trust Corp.	Reduce 5.17%	6,000	0.01
☰	CFC - Countrywide Cr Inds Inc Del	Reduce 5.56%	250,500	0.34
☰	SIXFQ - Six Flags Inc	Reduce 5.60%	400,000	0.18
☰	RBMG - Resource Bancshares Mtg Group	Reduce 14.13%	387,300	0.07
☰	EDE - Empire Dist Elec Co	Reduce 21.20%	10,600	0.01
☰	WMT - Walmart Inc.	Reduce 21.25%	155,400	0.07
☰	ACF - Americredit Corp	Reduce 28.94%	325,000	0.24
☰	FMCC - Federal Home Ln Mtg Corp	Reduce 32.63%	87,200	0.16
☰	AXP - American Express Co.	Reduce 32.70%	157,660	0.20
☰	DIS - The Walt Disney Co.	Reduce 36.16%	50,394	0.04
☰	LNCR - Lincare Hldgs Inc	Reduce 36.53%	128,700	0.20
☰	597730Q - Extended Stay Amer Inc	Reduce 37.04%	1,333,700	0.46
☰	UPFC - United Panam Financial Cp	Reduce 38.01%	547,000	0.01
☰	HET - Harrahs Entmt Inc	Reduce 38.08%	636,300	0.45
☰	1028411Q - Gillette Co	Reduce 39.43%	110,400	0.11
☰	FNMA - Federal Natl Mtg Assn	Reduce 39.64%	66,600	0.15
☰	EQR - Equity Residential	Reduce 41.67%	100,000	0.07
☰	WFC - Wells Fargo & Co.	Reduce 53.21%	364,320	0.27
☰	EOP - Equity Office Properties Trust	Reduce 53.33%	80,000	0.07
☰	PGR - The Progressive Corp.	Reduce 59.28%	786,000	0.18
☰	3346Q - Us Bancorp Del	Sell 100.00%	2,325,979	1.81
☰	769050Q - Commercial Federal Corporation	Sell 100.00%	1,865,620	0.97
☰	ANQ - Applebees Intl Inc	Sell 100.00%	420,100	0.35
☰	8215820Q - Allied Cap Corp New	Sell 100.00%	501,300	0.28
☰	UNP - Union Pacific Corp.	Sell 100.00%	155,000	0.21
☰	MCO - Moody's Corp.	Sell 100.00%	225,000	0.15
☰	DB5 - Dun & Bradstreet Corp Del New	Sell 100.00%	112,500	0.08
☰	MAN - ManpowerGroup Inc.	Sell 100.00%	65,000	0.07
	Q4 2000
☰	ORB - Orbital Sciences Corp	Reduce 1.29%	59,600	0.01
☰	BRK.A - Berkshire Hathaway CL A	Reduce 2.20%	40	0.03
☰	COF - Capital One Financial Corp.	Reduce 5.18%	27,300	0.02
☰	HET - Harrahs Entmt Inc	Reduce 5.64%	99,800	0.03
☰	ICII - Imperial Cr Inds Inc	Reduce 6.72%	534,000	0.01
☰	NFB - North Fork Bancorporation Ny	Reduce 12.85%	1,119,900	0.31
☰	RBMG - Resource Bancshares Mtg Group	Reduce 16.57%	544,607	0.04
☰	AF - Astoria Finl Corp	Reduce 21.81%	220,300	0.11
☰	1030770Q - Golden St Bancorp Inc	Reduce 22.97%	2,045,500	0.61
☰	769050Q - Commercial Federal Corporation	Reduce 26.32%	666,300	0.16
☰	612939Q - Greenpoint Finl Corp	Reduce 32.07%	2,258,600	0.84
☰	3346Q - Us Bancorp Del	Reduce 39.14%	1,495,900	0.43
☰	UNP - Union Pacific Corp.	Reduce 39.22%	400,000	0.05
☰	CFC - Countrywide Cr Inds Inc Del	Reduce 39.79%	2,975,700	1.42
☰	WAMUQ - Washington Mut Inc	Reduce 39.97%	2,101,300	1.06
☰	8215820Q - Allied Cap Corp New	Reduce 61.45%	799,000	0.21
☰	LNCR - Lincare Hldgs Inc	Reduce 62.55%	588,300	0.21
☰	PPMIQ - Pmi Group Inc	Reduce 76.70%	482,850	0.41
☰	WCOEQ - Worldcom Inc Ga New	Reduce 99.72%	222,317,734	56.33
☰	CBRL - Cracker Barrel Old Country Store, Inc.	Sell 100.00%	142,500	0.03
☰	FFSX - First Fed Bankshares Inc Del	Sell 100.00%	87,500	0.01
	Q3 2000
☰	ORB - Orbital Sciences Corp	Reduce 0.14%	6,500	0.00
☰	HET - Harrahs Entmt Inc	Reduce 1.12%	20,000	0.01
☰	HST - Host Hotels & Resorts, Inc.	Reduce 1.67%	357,525	0.05
☰	612939Q - Greenpoint Finl Corp	Reduce 2.02%	145,000	0.04
☰	1030770Q - Golden St Bancorp Inc	Reduce 2.62%	240,000	0.06
☰	WFC - Wells Fargo & Co.	Reduce 4.20%	30,000	0.01
☰	RBMG - Resource Bancshares Mtg Group	Reduce 4.43%	152,300	0.01
☰	890618Q - Labone Inc New	Reduce 6.51%	54,000	0.00
☰	0910150D - Hilton Hotels Corp	Reduce 7.49%	965,000	0.13
☰	CFC - Countrywide Cr Inds Inc Del	Reduce 7.72%	625,900	0.27
☰	ACF - Americredit Corp	Reduce 8.18%	100,000	0.02
☰	BRK.A - Berkshire Hathaway CL A	Reduce 9.45%	190	0.14
☰	WAMUQ - Washington Mut Inc	Reduce 10.24%	599,700	0.24
☰	AXP - American Express Co.	Reduce 10.40%	55,981	0.04
☰	ICII - Imperial Cr Inds Inc	Reduce 10.64%	946,300	0.06
☰	FMCC - Federal Home Ln Mtg Corp	Reduce 11.58%	35,000	0.02
☰	769050Q - Commercial Federal Corporation	Reduce 16.83%	512,200	0.11
☰	FNMA - Federal Natl Mtg Assn	Reduce 17.24%	35,000	0.03
☰	UNP - Union Pacific Corp.	Reduce 26.09%	360,000	0.05
☰	COF - Capital One Financial Corp.	Reduce 28.34%	208,500	0.13
☰	597730Q - Extended Stay Amer Inc	Reduce 37.01%	1,747,600	0.23
☰	8215820Q - Allied Cap Corp New	Reduce 45.47%	1,084,300	0.26
☰	PPMIQ - Pmi Group Inc	Reduce 75.87%	1,979,500	1.32
☰	CBRL - Cracker Barrel Old Country Store, Inc.	Reduce 77.07%	478,900	0.10
☰	2302427Q - United Asset Mgmt Corp	Sell 100.00%	1,378,200	0.45
☰	3161655Q - Mandalay Resort Group	Sell 100.00%	1,260,500	0.35
☰	306240Q - Chris Craft Inds Inc	Sell 100.00%	286,787	0.27
☰	VCAP - Virginia Cap Bancshares Inc	Sell 100.00%	425,000	0.09
☰	696500Q - Troy Finl Corp	Sell 100.00%	150,000	0.02
☰	DME - Dime Bancorp Inc New	Sell 100.00%	82,500	0.02
☰	FPFCQ - First Pl Finl Corp	Sell 100.00%	120,000	0.02
	Q1 2000
☰	ADELQ - Adelphia Communications Corp	Sell 100.00%	3,707,207	8.97
☰	CFC - Countrywide Cr Inds Inc Del	Sell 100.00%	7,278,700	6.78
☰	HST - Host Hotels & Resorts, Inc.	Sell 100.00%	18,350,763	5.58
☰	BRYG - Berkshire Hathaway Inc Del	Sell 100.00%	79,540	5.37
☰	PPMIQ - Pmi Group Inc	Sell 100.00%	2,874,900	5.18
☰	WAMUQ - Washington Mut Inc	Sell 100.00%	4,771,934	4.58
☰	1030770Q - Golden St Bancorp Inc	Sell 100.00%	6,956,500	4.43
☰	612939Q - Greenpoint Finl Corp	Sell 100.00%	4,699,600	4.13
☰	ORB - Orbital Sciences Corp	Sell 100.00%	4,901,600	3.36
☰	VCI - Valassis Communications Inc	Sell 100.00%	2,100,350	3.27
☰	NFB - North Fork Bancorporation Ny	Sell 100.00%	4,782,100	3.09
☰	BRK.A - Berkshire Hathaway CL A	Sell 100.00%	1,426	2.95
☰	AMCVQ - American Classic Voyages Co	Sell 100.00%	2,281,700	2.95
☰	0910150D - Hilton Hotels Corp	Sell 100.00%	7,555,700	2.68
☰	CYCL - Centennial Cellular Corp	Sell 100.00%	814,609	2.49
☰	8215820Q - Allied Cap Corp New	Sell 100.00%	3,125,600	2.11
☰	ICII - Imperial Cr Inds Inc	Sell 100.00%	8,890,700	2.05
☰	DTLN - Data Transmission Network Corp	Sell 100.00%	3,150,400	2.00
☰	769050Q - Commercial Federal Corporation	Sell 100.00%	2,663,320	1.75
☰	HET - Harrahs Entmt Inc	Sell 100.00%	1,790,800	1.75
☰	2302427Q - United Asset Mgmt Corp	Sell 100.00%	2,523,200	1.73
☰	3346Q - Us Bancorp Del	Sell 100.00%	1,964,379	1.73
☰	COF - Capital One Financial Corp.	Sell 100.00%	758,000	1.35
☰	IAAI - Insurance Auto Auctions Inc	Sell 100.00%	2,142,700	1.24
☰	UMGI - Mediaone Group Inc	Sell 100.00%	397,200	1.13
☰	FCYA - Forest City Enterprises Inc	Sell 100.00%	1,021,900	1.06
☰	RWT - Redwood Tr Inc	Sell 100.00%	2,104,214	0.97
☰	AXP - American Express Co.	Sell 100.00%	157,000	0.96
☰	LNCR - Lincare Hldgs Inc	Sell 100.00%	732,500	0.94
☰	CO8 - Capital Automotive Reit	Sell 100.00%	1,971,500	0.89
☰	ACF - Americredit Corp	Sell 100.00%	1,223,200	0.83
☰	FMCC - Federal Home Ln Mtg Corp	Sell 100.00%	442,200	0.77
☰	306240Q - Chris Craft Inds Inc	Sell 100.00%	278,435	0.74
☰	FNMA - Federal Natl Mtg Assn	Sell 100.00%	318,000	0.73
☰	RBMG - Resource Bancshares Mtg Group	Sell 100.00%	3,438,636	0.57
☰	3692470Q - Alltel Corp	Sell 100.00%	175,900	0.54
☰	WMT - Walmart Inc.	Sell 100.00%	199,800	0.51
☰	AD - Array Digital Infrastructure, Inc.	Sell 100.00%	134,200	0.50
☰	3161655Q - Mandalay Resort Group	Sell 100.00%	662,000	0.49
☰	UNP - Union Pacific Corp.	Sell 100.00%	290,000	0.47
☰	2773205Q - Quanex Corp	Sell 100.00%	489,400	0.46
☰	PGR - The Progressive Corp.	Sell 100.00%	167,500	0.45
☰	WFC - Wells Fargo & Co.	Sell 100.00%	292,320	0.44
☰	597730Q - Extended Stay Amer Inc	Sell 100.00%	1,498,600	0.42
☰	1028411Q - Gillette Co	Sell 100.00%	270,000	0.41
☰	890618Q - Labone Inc New	Sell 100.00%	1,548,881	0.39
☰	CBRL - Cracker Barrel Old Country Store, Inc.	Sell 100.00%	944,300	0.34
☰	VCAP - Virginia Cap Bancshares Inc	Sell 100.00%	555,000	0.33
☰	91973Q - Imperial Credit Comm Mrtg Invs	Sell 100.00%	766,200	0.32
☰	EWBC - East West Bancorp, Inc.	Sell 100.00%	715,000	0.30
☰	329802Q - Midamerican Energy Hldgs New	Sell 100.00%	192,000	0.29
☰	ANQ - Applebees Intl Inc	Sell 100.00%	245,000	0.27
☰	CAG - Conagra Brands, Inc.	Sell 100.00%	280,000	0.23
☰	AF - Astoria Finl Corp	Sell 100.00%	203,300	0.23
☰	NTRS - Northern Trust Corp.	Sell 100.00%	116,000	0.23
☰	1562297D - Local Finl Corp	Sell 100.00%	467,300	0.18
☰	DIS - The Walt Disney Co.	Sell 100.00%	137,465	0.15
☰	SJFC - South Jersey Finl Corp Inc	Sell 100.00%	240,000	0.14
☰	EQR - Equity Residential	Sell 100.00%	70,000	0.11
☰	UPFC - United Panam Financial Cp	Sell 100.00%	1,494,000	0.11
☰	DJCO - Daily Journal Corp.	Sell 100.00%	88,700	0.11
☰	339984Q - Wmf Group Ltd	Sell 100.00%	479,588	0.10
☰	FPFCQ - First Pl Finl Corp	Sell 100.00%	220,000	0.09
☰	CCRD - Intelligent Sys Corp New	Sell 100.00%	559,200	0.08
☰	EOP - Equity Office Properties Trust	Sell 100.00%	70,000	0.06
☰	696500Q - Troy Finl Corp	Sell 100.00%	150,000	0.06
☰	GGT - Gabelli Global Multimedia Tr	Sell 100.00%	74,500	0.05
☰	1011185D - Ps Group Hldg Inc	Sell 100.00%	98,100	0.04
☰	FFSX - First Fed Bankshares Inc Del	Sell 100.00%	87,500	0.03
☰	EDE - Empire Dist Elec Co	Sell 100.00%	24,100	0.02
	Q4 1999
☰	769050Q - Commercial Federal Corporation	Reduce 2.38%	65,000	0.05
☰	8215820Q - Allied Cap Corp New	Reduce 3.50%	113,400	0.11
☰	AMCVQ - American Classic Voyages Co	Reduce 6.55%	160,000	0.16
☰	CYCL - Centennial Cellular Corp	Reduce 14.37%	136,700	0.27
☰	WFC - Wells Fargo & Co.	Reduce 15.84%	110,000	0.09
☰	329802Q - Midamerican Energy Hldgs New	Reduce 16.88%	39,000	0.05
☰	SJFC - South Jersey Finl Corp Inc	Reduce 17.24%	50,000	0.03
☰	WMT - Walmart Inc.	Reduce 18.05%	132,000	0.09
☰	UMGI - Mediaone Group Inc	Reduce 20.11%	100,000	0.29
☰	3161655Q - Mandalay Resort Group	Reduce 31.19%	300,000	0.26
☰	3692470Q - Alltel Corp	Reduce 45.32%	145,800	0.44
☰	696500Q - Troy Finl Corp	Reduce 70.00%	350,000	0.16
☰	FPFCQ - First Pl Finl Corp	Reduce 72.50%	580,000	0.28
☰	GGT - Gabelli Global Multimedia Tr	Reduce 75.17%	234,294	0.14
☰	AD - Array Digital Infrastructure, Inc.	Reduce 88.54%	1,036,600	3.03
☰	CTYA - Century Communications Corp	Sell 100.00%	2,782,000	5.46
☰	LBFC - Long Beach Finl Corp	Sell 100.00%	3,083,200	2.09
☰	331563Q - Franchise Mortgage Acceptance	Sell 100.00%	752,500	0.23
☰	838852Q - Heller Financial Inc	Sell 100.00%	205,289	0.20
☰	RSLN - Roslyn Bancorp Inc	Sell 100.00%	130,000	0.10
☰	COHB - Cohoes Bancorp Inc	Sell 100.00%	25,000	0.01
	Q3 1999
☰	UPFC - United Panam Financial Cp	Reduce 8.57%	140,000	0.02
☰	SJFC - South Jersey Finl Corp Inc	Reduce 15.94%	55,000	0.04
☰	VCI - Valassis Communications Inc	Reduce 21.51%	575,500	1.10
☰	331563Q - Franchise Mortgage Acceptance	Reduce 22.22%	215,000	0.10
☰	AXP - American Express Co.	Reduce 31.14%	243,345	0.46
☰	329802Q - Midamerican Energy Hldgs New	Reduce 47.62%	210,000	0.37
☰	735609Q - Healthcare Financial Partners	Sell 100.00%	1,149,275	1.98
☰	CLRP - Cellular Communications P R	Sell 100.00%	1,014,200	1.45
☰	CMSV - Community Svgs Bankshares New	Sell 100.00%	150,000	0.10
☰	364730Q - Transportation Tech Inds Inc	Sell 100.00%	32,500	0.02
☰	2664Q - Labone Inc	Sell 100.00%	4,000	0.00
	Q2 1999
☰	0910150D - Hilton Hotels Corp	Reduce 0.96%	24,000	0.02
☰	306240Q - Chris Craft Inds Inc	Reduce 2.25%	6,403	0.02
☰	ADELQ - Adelphia Communications Corp	Reduce 11.39%	51,400	0.22
☰	AXP - American Express Co.	Reduce 14.93%	137,096	0.32
☰	VCELA - Vanguard Cellular Sys Inc	Sell 100.00%	131,500	0.24
☰	FOC - Forest Oil Corp	Sell 100.00%	206,600	0.10