Chuck Akre - Akre Capital Management
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    19
Portfolio value:    $6,115,870,825
Holdings Activity Buys Sells    History
History Stock Activity Share change % change to portfolio
Q1 2026
FICO - Fair Isaac Corp. Add 31.11% 86,320 1.51
CCC - CCC Intelligent Solutions Hldgs Inc. Add 26.88% 6,676,086 0.65
GSHD - Goosehead Insurance Inc. Add 19.48% 72,289 0.05
ROP - Roper Technologies Inc. Add 13.76% 152,079 0.88
CSGP - CoStar Group Inc. Add 7.59% 730,468 0.48
CPRT - Copart Inc. Add 1.66% 130,971 0.07
CRM - Salesforce.com Buy 717,799 2.19
NOW - ServiceNow Inc. Buy 1,096,099 1.87
PRM - Perimeter Solutions SA Buy 250,000 0.10
Q4 2025
CPRT - Copart Inc. Add 85.71% 3,631,207 1.56
CCC - CCC Intelligent Solutions Hldgs Inc. Add 52.65% 8,566,856 0.75
BN - Brookfield Corp. Add 39.69% 7,627,692 3.84
FICO - Fair Isaac Corp. Add 6.36% 16,596 0.31
CSGP - CoStar Group Inc. Add 3.35% 311,320 0.23
GSHD - Goosehead Insurance Inc. Add 1.36% 4,971 0.00
Q3 2025
FICO - Fair Isaac Corp. Add 2,751.43% 251,701 3.75
CPRT - Copart Inc. Add 253.06% 3,036,760 1.36
CCC - CCC Intelligent Solutions Hldgs Inc. Add 10.16% 1,500,000 0.14
Q2 2025
ORLY - O'Reilly Automotive Add 989.32% 8,546,804 7.55
SOPH - Sophia Genetics SA Add 66.22% 1,481,636 0.04
ABNB - Airbnb Inc. Add 19.04% 555,510 0.72
CCC - CCC Intelligent Solutions Hldgs Inc. Add 11.98% 1,579,744 0.15
BN - Brookfield Corp. Add 0.66% 125,269 0.08
CPRT - Copart Inc. Buy 1,200,000 0.58
FICO - Fair Isaac Corp. Buy 9,148 0.16
Q1 2025
CCC - CCC Intelligent Solutions Hldgs Inc. Add 23.49% 2,508,986 0.22
ABNB - Airbnb Inc. Add 10.13% 268,335 0.31
BN - Brookfield Corp. Add 0.66% 124,842 0.06
Q4 2024
CSGP - CoStar Group Inc. Add 4.25% 379,787 0.24
BN - Brookfield Corp. Add 0.16% 30,748 0.02
Q3 2024
ABNB - Airbnb Inc. Add 183.09% 1,713,522 1.81
CCC - CCC Intelligent Solutions Hldgs Inc. Add 36.67% 2,865,676 0.26
SOPH - Sophia Genetics SA Add 16.51% 317,072 0.01
BN - Brookfield Corp. Add 2.56% 472,549 0.21
CSGP - CoStar Group Inc. Add 1.87% 163,670 0.10
Q2 2024
SOPH - Sophia Genetics SA Add 567.51% 1,632,733 0.07
SBAC - SBA Communications Corp. Add 176.81% 319,371 0.55
GSHD - Goosehead Insurance Inc. Add 50.25% 122,453 0.06
CSGP - CoStar Group Inc. Add 20.78% 1,508,797 0.98
CCC - CCC Intelligent Solutions Hldgs Inc. Add 11.65% 815,722 0.08
BN - Brookfield Corp. Add 2.83% 507,467 0.19
ABNB - Airbnb Inc. Buy 935,876 1.25
Q1 2024
CSGP - CoStar Group Inc. Add 0.08% 5,957 0.00
UBER - Uber Technologies Inc. Buy 1,775,000 1.13
CCC - CCC Intelligent Solutions Hldgs Inc. Buy 7,000,000 0.69
SOPH - Sophia Genetics SA Buy 287,699 0.01
Q4 2023
AMT - American Tower Corp. Add 0.54% 36,375 0.07
CSGP - CoStar Group Inc. Add 0.09% 6,443 0.00
SBAC - SBA Communications Corp. Buy 180,629 0.39
Q3 2023
KKR - KKR & Co. L.P. Add 11.01% 1,676,739 0.95
CSGP - CoStar Group Inc. Add 1.94% 137,796 0.10
AMT - American Tower Corp. Add 0.35% 23,277 0.04
Q2 2023
BN - Brookfield Corp. Add 0.65% 117,559 0.03
KKR - KKR & Co. L.P. Add 0.38% 57,500 0.03
DHR - Danaher Corp. Add 0.12% 2,100 0.00
Q1 2023
BN - Brookfield Corp. Add 4.72% 820,001 0.24
DBRG - Digitalbridge Group Inc Add 2.86% 142,815 0.02
KKR - KKR & Co. L.P. Add 0.49% 73,450 0.03
AMT - American Tower Corp. Add 0.08% 5,271 0.01
MA - Mastercard Inc. Add 0.06% 3,433 0.01
Q4 2022
DHR - Danaher Corp. Add 8.03% 132,900 0.32
DBRG - Digitalbridge Group Inc Add 7.96% 368,069 0.04
AMT - American Tower Corp. Add 0.29% 20,240 0.04
BN - Brookfield Corp. Buy 17,366,753 4.94
BAM - Brookfield Asset Management Buy 3,691,684 0.96
Q3 2022
CRM - Salesforce.com Add 0.83% 25,500 0.03
KKR - KKR & Co. L.P. Add 0.50% 77,006 0.03
MA - Mastercard Inc. Add 0.48% 27,985 0.07
BAM.A - Brookfield Asset Mgmt Inc Add 0.43% 57,000 0.02
ADBE - Adobe Inc. Add 0.33% 5,500 0.01
KMX - CarMax Inc. Add 0.07% 4,830 0.00
MCO - Moody's Corp. Add 0.00% 280 0.00
DBRG - Digitalbridge Group Inc Buy 4,623,651 0.51
Q2 2022
6CL - Digitalbridge Group Inc Add 56.03% 5,885,391 0.23
GSHD - Goosehead Insurance Inc. Add 18.75% 55,000 0.02
CRM - Salesforce.com Add 8.20% 232,790 0.31
ADBE - Adobe Inc. Add 5.95% 93,305 0.27
BRK.B - Berkshire Hathaway CL B Add 4.26% 700 0.00
KKR - KKR & Co. L.P. Add 3.43% 510,592 0.19
DLTR - Dollar Tree Inc. Add 1.50% 485 0.00
BAM.A - Brookfield Asset Mgmt Inc Add 1.39% 182,059 0.06
MCO - Moody's Corp. Add 0.77% 43,793 0.10
MA - Mastercard Inc. Add 0.14% 8,090 0.02
KMX - CarMax Inc. Add 0.11% 8,240 0.01
SNOW - Snowflake Inc. Buy 1,000,000 1.11
Q1 2022
ADBE - Adobe Inc. Add 2.42% 37,000 0.12
CRM - Salesforce.com Add 1.33% 37,210 0.05
KKR - KKR & Co. L.P. Add 0.91% 134,660 0.05
MCO - Moody's Corp. Add 0.69% 38,615 0.09
KMX - CarMax Inc. Add 0.68% 49,780 0.03
Q4 2021
KMX - CarMax Inc. Add 2.55% 181,090 0.14
MA - Mastercard Inc. Add 0.05% 2,775 0.01
ORLY - O'Reilly Automotive Add 0.04% 574 0.00
ROP - Roper Technologies Inc. Add 0.03% 485 0.00
VRSK - Verisk Analytics Inc. Add 0.03% 746 0.00
AMT - American Tower Corp. Add 0.02% 1,310 0.00
MCO - Moody's Corp. Add 0.02% 1,061 0.00
ADBE - Adobe Inc. Add 0.01% 105 0.00
BAM.A - Brookfield Asset Mgmt Inc Add 0.01% 711 0.00
CSGP - CoStar Group Inc. Add 0.01% 1,350 0.00
KKR - KKR & Co. L.P. Add 0.00% 632 0.00
Q3 2021
BAM.A - Brookfield Asset Mgmt Inc Add 0.67% 87,173 0.03
Q2 2021
CSGP - CoStar Group Inc. Add 900.00% 8,790,840 4.48
GSHD - Goosehead Insurance Inc. Add 20.55% 50,000 0.04
ADBE - Adobe Inc. Add 0.01% 220 0.00
CRM - Salesforce.com Buy 2,800,000 4.21
6CL - Digitalbridge Group Inc Buy 10,504,800 0.51
Q1 2021
ADBE - Adobe Inc. Add 34.20% 389,870 1.26
CSGP - CoStar Group Inc. Add 1.12% 10,799 0.06
KKR - KKR & Co. L.P. Add 0.05% 7,376 0.00
V - Visa Inc. Add 0.04% 2,180 0.00
TDUP - Thredup Inc Buy 200,000 0.03
Q4 2020
AMT - American Tower Corp. Add 1.38% 97,189 0.15
CSGP - CoStar Group Inc. Add 0.75% 7,168 0.04
Q3 2020
CLNY - Colony Cap Inc New Add 613.65% 9,204,800 0.18
GSHD - Goosehead Insurance Inc. Add 28.99% 54,694 0.03
BAM.A - Brookfield Asset Mgmt Inc Add 17.72% 2,038,550 0.48
ALRM - Alarm Com Hldgs Inc Add 11.04% 196,988 0.08
ROP - Roper Technologies Inc. Add 10.31% 178,891 0.50
CSGP - CoStar Group Inc. Add 0.36% 3,440 0.02
VRSK - Verisk Analytics Inc. Add 0.10% 2,413 0.00
KKR - KKR & Co. L.P. Add 0.04% 5,511 0.00
TTD - The Trade Desk Inc Buy 445 0.00
Q2 2020
CSGP - CoStar Group Inc. Add 117.96% 517,041 2.77
BAM.A - Brookfield Asset Mgmt Inc Add 59.88% 4,308,025 1.07
ANSS - Ansys Inc Add 30.11% 141,108 0.31
GSHD - Goosehead Insurance Inc. Add 9.59% 16,504 0.01
KKR - KKR & Co. L.P. Add 3.77% 534,321 0.12
LYV - Live Nation Inc. Add 1.94% 106,400 0.04
ROP - Roper Technologies Inc. Add 1.74% 29,644 0.09
MA - Mastercard Inc. Add 1.69% 97,575 0.22
ALRM - Alarm Com Hldgs Inc Add 0.76% 13,400 0.01
CLNY - Colony Cap Inc New Add 0.11% 1,618 0.00
Q1 2020
CLNY - Colony Cap Inc New Add 14,883.82% 1,488,382 0.03
OLLI - Ollie's Bargain Outlet Holdings, Inc. Add 369.76% 393,563 0.18
DSGX - Descartes Sys Group Inc Add 314.60% 157,300 0.05
ANSS - Ansys Inc Add 186.22% 304,916 0.69
CSGP - CoStar Group Inc. Add 75.32% 188,312 1.07
KMX - CarMax Inc. Add 21.38% 1,442,720 0.75
BAM.A - Brookfield Asset Mgmt Inc Add 15.10% 944,000 0.41
KKR - KKR & Co. L.P. Add 11.23% 1,432,716 0.33
ALRM - Alarm Com Hldgs Inc Add 10.20% 163,968 0.06
ROP - Roper Technologies Inc. Add 8.80% 137,978 0.42
MA - Mastercard Inc. Add 8.62% 459,438 1.08
V - Visa Inc. Add 7.29% 356,100 0.56
ADBE - Adobe Inc. Buy 1,140,000 3.52
LYV - Live Nation Inc. Buy 5,481,238 2.42
PRMW - Primo Wtr Corp Buy 1,580,878 0.14
MAR - Marriott Int'l. Buy 7,500 0.01
Q4 2019
GSHD - Goosehead Insurance Inc. Add 69.64% 70,678 0.03
ALRM - Alarm Com Hldgs Inc Add 17.52% 239,662 0.09
BAM.A - Brookfield Asset Mgmt Inc Add 17.39% 925,775 0.49
KMX - CarMax Inc. Add 7.36% 462,300 0.37
OLLI - Ollie's Bargain Outlet Holdings, Inc. Add 6.44% 6,437 0.00
P4W - Primo Wtr Corp Add 5.40% 165,100 0.02
CSGP - CoStar Group Inc. Buy 250,000 1.37
ANSS - Ansys Inc Buy 163,740 0.39
Q3 2019
ALRM - Alarm Com Hldgs Inc Add 127.68% 767,070 0.35
KMX - CarMax Inc. Add 3.41% 207,370 0.18
P4W - Primo Wtr Corp Add 0.26% 8,000 0.00
BRK.B - Berkshire Hathaway CL B Add 0.10% 278 0.00
VRSK - Verisk Analytics Inc. Add 0.02% 540 0.00
KKR - KKR & Co. L.P. Add 0.01% 1,220 0.00
SBAC - SBA Communications Corp. Buy 2,465,000 5.86
BAM.A - Brookfield Asset Mgmt Inc Buy 5,324,225 2.79
OLLI - Ollie's Bargain Outlet Holdings, Inc. Buy 100,000 0.06
DSGX - Descartes Sys Group Inc Buy 50,000 0.02
CLNY - Colony Cap Inc New Buy 10,000 0.00
Q2 2019
GSHD - Goosehead Insurance Inc. Add 164.77% 63,159 0.03
P4W - Primo Wtr Corp Add 6.66% 190,421 0.02
Q1 2019
GSHD - Goosehead Insurance Inc. Add 223.99% 26,500 0.01
KMX - CarMax Inc. Add 5.21% 300,800 0.23
AMT - American Tower Corp. Add 1.69% 119,400 0.26
KKR - KKR & Co. L.P. Add 0.80% 101,500 0.03
P4W - Primo Wtr Corp Add 0.47% 13,459 0.00
BRK.B - Berkshire Hathaway CL B Add 0.07% 200 0.00
MA - Mastercard Inc. Add 0.02% 900 0.00
DLTR - Dollar Tree Inc. Add 0.01% 680 0.00
MCO - Moody's Corp. Add 0.01% 600 0.00
MKL - Markel Group Inc. Add 0.01% 60 0.00
ORLY - O'Reilly Automotive Add 0.01% 170 0.00
ROP - Roper Technologies Inc. Add 0.01% 235 0.00
VRSK - Verisk Analytics Inc. Add 0.01% 333 0.00
Q4 2018
KKR - KKR & Co. L.P. Add 26.52% 2,652,100 0.69
AMTD - Td Ameritrade Hldg Corp Add 12.89% 382,500 0.25
KMX - CarMax Inc. Add 9.95% 522,690 0.44
FOCS - Focus Finl Partners Inc Add 8.00% 220,000 0.08
ROP - Roper Technologies Inc. Add 0.51% 7,970 0.03
P4W - Primo Wtr Corp Add 0.07% 2,000 0.00
MCO - Moody's Corp. Add 0.00% 150 0.00
GSHD - Goosehead Insurance Inc. Buy 11,831 0.00
Q3 2018
DLTR - Dollar Tree Inc. Add 1.06% 53,479 0.05
FOCS - Focus Finl Partners Inc Buy 2,750,000 1.60
Q2 2018
P4W - Primo Wtr Corp Add 48.61% 930,000 0.22
ALRM - Alarm Com Hldgs Inc Add 24.26% 117,283 0.06
DLTR - Dollar Tree Inc. Add 4.05% 195,691 0.22
KMX - CarMax Inc. Add 1.79% 92,325 0.09
ROP - Roper Technologies Inc. Add 0.24% 3,715 0.01
AMT - American Tower Corp. Add 0.21% 15,108 0.03
MA - Mastercard Inc. Add 0.13% 6,890 0.02
MKL - Markel Group Inc. Add 0.03% 147 0.00
KKR - KKR & Co. L.P. Buy 10,000,000 3.31
Q1 2018
AMT - American Tower Corp. Add 3.89% 264,024 0.54
ALRM - Alarm Com Hldgs Inc Add 3.60% 16,789 0.01
AMTD - Td Ameritrade Hldg Corp Add 0.58% 17,078 0.01
KMX - CarMax Inc. Add 0.16% 8,256 0.01
ROP - Roper Technologies Inc. Add 0.03% 478 0.00
Q4 2017
ALRM - Alarm Com Hldgs Inc Add 16.67% 66,698 0.04
P4W - Primo Wtr Corp Add 12.16% 207,352 0.04
BRK.B - Berkshire Hathaway CL B Add 0.26% 734 0.00
ESGR - Enstar Group Limited Add 0.12% 1,696 0.01
MKL - Markel Group Inc. Add 0.11% 575 0.01
MA - Mastercard Inc. Add 0.07% 3,973 0.01
ROP - Roper Technologies Inc. Add 0.07% 1,075 0.00
DLTR - Dollar Tree Inc. Add 0.06% 2,825 0.00
MCO - Moody's Corp. Add 0.05% 2,681 0.01
ORLY - O'Reilly Automotive Add 0.05% 969 0.00
AMT - American Tower Corp. Add 0.02% 1,660 0.00
Q3 2017
ORLY - O'Reilly Automotive Add 58.72% 700,600 2.34
P4W - Primo Wtr Corp Add 1.58% 26,555 0.00
Q2 2017
ORLY - O'Reilly Automotive Add 44.61% 368,017 1.40
DLTR - Dollar Tree Inc. Add 15.45% 648,359 0.79
BRK.B - Berkshire Hathaway CL B Add 1.75% 6,725 0.02
AMT - American Tower Corp. Add 1.67% 111,805 0.26
MNRO - Monro Inc. Add 1.57% 25,070 0.02
ESGR - Enstar Group Limited Add 0.76% 10,995 0.04
VRSK - Verisk Analytics Inc. Add 0.56% 14,496 0.02
MKL - Markel Group Inc. Add 0.43% 2,199 0.04
MCO - Moody's Corp. Add 0.35% 19,845 0.04
ROP - Roper Technologies Inc. Add 0.32% 4,955 0.02
MA - Mastercard Inc. Add 0.30% 16,216 0.03
KMX - CarMax Inc. Add 0.25% 13,120 0.01
BOC - Boston Omaha Corp Buy 350,000 0.08
Q1 2017
V - Visa Inc. Add 34.98% 1,267,080 2.03
MCO - Moody's Corp. Add 21.87% 1,019,167 2.06
MA - Mastercard Inc. Add 13.35% 627,792 1.28
MNRO - Monro Inc. Add 4.93% 75,000 0.07
VRSK - Verisk Analytics Inc. Add 0.23% 5,893 0.01
DLTR - Dollar Tree Inc. Add 0.22% 9,198 0.01
ROP - Roper Technologies Inc. Add 0.18% 2,868 0.01
ORLY - O'Reilly Automotive Add 0.14% 1,136 0.01
BRK.B - Berkshire Hathaway CL B Add 0.09% 360 0.00
Q4 2016
MCO - Moody's Corp. Add 15.37% 620,770 1.18
DHR - Danaher Corp. Add 10.35% 155,300 0.24
AMT - American Tower Corp. Add 6.36% 400,654 0.85
KMX - CarMax Inc. Add 4.02% 199,215 0.26
AIG.WS - American Intl Group Inc Add 2.03% 2,100 0.00
MNRO - Monro Inc. Add 0.97% 14,700 0.02
DLTH - Duluth Hldgs Inc Add 0.40% 1,400 0.00
V - Visa Inc. Add 0.19% 6,860 0.01
DLTR - Dollar Tree Inc. Add 0.02% 790 0.00
DG - Dollar General Buy 1,500,000 2.24
DIS - Walt Disney Co. Buy 3,891 0.01
Q3 2016
ROP - Roper Technologies Inc. Add 4.12% 61,811 0.24
BRK.B - Berkshire Hathaway CL B Add 0.55% 2,110 0.01
ORLY - O'Reilly Automotive Add 0.29% 2,353 0.01
ESGR - Enstar Group Limited Add 0.26% 3,816 0.01
MA - Mastercard Inc. Add 0.15% 6,970 0.01
MKL - Markel Group Inc. Add 0.15% 759 0.01
DLTR - Dollar Tree Inc. Add 0.13% 5,585 0.01
MCO - Moody's Corp. Add 0.12% 4,927 0.01
AMT - American Tower Corp. Add 0.11% 6,640 0.02
VRSK - Verisk Analytics Inc. Add 0.04% 915 0.00
FTV - Fortive Corp. Buy 750,000 0.81
Q2 2016
V - Visa Inc. Add 58.07% 1,328,000 2.17
KMX - CarMax Inc. Add 14.82% 639,945 0.69
ROP - Roper Technologies Inc. Add 14.28% 187,315 0.71
LKQ - LKQ Corp. Add 4.41% 150,000 0.11
MCO - Moody's Corp. Add 0.44% 17,618 0.04
Q1 2016
KMX - CarMax Inc. Add 26.36% 900,962 1.08
ESGR - Enstar Group Limited Add 23.52% 276,697 1.05
MCO - Moody's Corp. Add 9.78% 357,910 0.81
LKQ - LKQ Corp. Add 7.15% 226,900 0.17
VRSK - Verisk Analytics Inc. Add 0.19% 4,865 0.01
BRK.B - Berkshire Hathaway CL B Add 0.18% 702 0.00
V - Visa Inc. Add 0.17% 3,840 0.01
DLTR - Dollar Tree Inc. Add 0.10% 4,176 0.01
MA - Mastercard Inc. Add 0.10% 4,478 0.01
AMT - American Tower Corp. Add 0.07% 4,359 0.01
MKL - Markel Group Inc. Add 0.03% 178 0.00
Q4 2015
LKQ - LKQ Corp. Add 23.23% 598,100 0.44
KMX - CarMax Inc. Add 23.21% 643,699 0.85
VRSK - Verisk Analytics Inc. Add 20.58% 440,651 0.83
ESGR - Enstar Group Limited Add 12.07% 126,725 0.47
MCO - Moody's Corp. Add 1.49% 53,819 0.13
DLTR - Dollar Tree Inc. Add 0.87% 36,184 0.07
AMT - American Tower Corp. Add 0.09% 5,523 0.01
MA - Mastercard Inc. Add 0.08% 3,899 0.01
ROP - Roper Technologies Inc. Add 0.07% 882 0.00
MKL - Markel Group Inc. Add 0.03% 153 0.00
DLTH - Duluth Hldgs Inc Buy 350,000 0.13
Q3 2015
LKQ - LKQ Corp. Add 267.86% 1,875,000 1.36
AIG.WS - American Intl Group Inc Add 239.87% 359,800 0.21
ESGR - Enstar Group Limited Add 84.16% 479,647 1.85
KMX - CarMax Inc. Add 63.16% 1,073,660 1.63
BRK.B - Berkshire Hathaway CL B Add 30.72% 96,589 0.32
BRK.A - Berkshire Hathaway CL A Add 23.26% 10 0.05
AMT - American Tower Corp. Add 19.52% 1,029,479 2.32
DLTR - Dollar Tree Inc. Add 16.80% 596,770 1.02
MA - Mastercard Inc. Add 8.69% 376,339 0.87
VRSK - Verisk Analytics Inc. Add 7.73% 153,703 0.29
ROP - Roper Technologies Inc. Add 5.76% 73,502 0.30
AMTD - Td Ameritrade Hldg Corp Add 2.14% 67,500 0.06
MCO - Moody's Corp. Add 1.19% 42,489 0.11
WMIH - WMIH Corp Buy 1,500,000 0.10
Q2 2015
VRSK - Verisk Analytics Inc. Add 104.40% 1,015,025 2.01
VL2 - Nustar Gp Holdings LLC Add 41.75% 8,180 0.01
AMT - American Tower Corp. Add 31.60% 1,266,408 3.21
ESGR - Enstar Group Limited Add 9.60% 49,932 0.21
3UB - Ubiquiti Networks Inc Add 6.20% 156,470 0.14
BRK.B - Berkshire Hathaway CL B Add 5.74% 17,078 0.06
BAC.WS.A - Bank Of America Corporation Add 2.49% 17,789 0.00
ORLY - O'Reilly Automotive Add 2.46% 19,904 0.12
P4W - Primo Wtr Corp Add 2.45% 41,283 0.01
ROP - Roper Technologies Inc. Add 1.91% 23,954 0.11
DLTR - Dollar Tree Inc. Add 1.64% 57,442 0.12
MA - Mastercard Inc. Add 1.58% 67,369 0.17
MKL - Markel Group Inc. Add 1.50% 7,648 0.17
MCO - Moody's Corp. Add 1.42% 49,795 0.15
LYV - Live Nation Inc. Add 0.25% 15,841 0.01
MNRO - Monro Inc. Add 0.19% 2,927 0.00
LKQ - LKQ Corp. Buy 700,000 0.57
ALRM - Alarm Com Hldgs Inc Buy 400,000 0.17
AIG.WS - American Intl Group Inc Buy 150,000 0.11
Q1 2015
V - Visa Inc. Add 300.00% 1,712,430 3.20
3UB - Ubiquiti Networks Inc Add 36.41% 673,530 0.57
VRSK - Verisk Analytics Inc. Add 21.53% 172,200 0.35
ROP - Roper Technologies Inc. Add 9.18% 105,290 0.52
DISCK - Discovery Communicatns New Add 4.73% 271,718 0.23
BAC.WS.A - Bank Of America Corporation Add 2.16% 15,101 0.00
P4W - Primo Wtr Corp Add 2.14% 35,330 0.01
BRK.A - Berkshire Hathaway CL A Add 1.96% 1 0.01
ESGR - Enstar Group Limited Add 1.68% 8,568 0.03
Q4 2014
3UB - Ubiquiti Networks Inc Add 105.56% 950,000 0.84
KMX - CarMax Inc. Add 42.26% 505,000 1.00
MNRO - Monro Inc. Add 19.44% 245,003 0.42
ROP - Roper Technologies Inc. Add 5.33% 57,990 0.27
ESGR - Enstar Group Limited Add 3.21% 15,918 0.07
MCO - Moody's Corp. Add 1.11% 38,635 0.11
DLTR - Dollar Tree Inc. Add 0.42% 14,540 0.03
DISCK - Discovery Communicatns New Add 0.27% 15,200 0.02
MKL - Markel Group Inc. Add 0.23% 1,160 0.02
V - Visa Inc. Add 0.07% 380 0.00
Q3 2014
MNRO - Monro Inc. Add 152.00% 760,000 1.19
DISCK - Discovery Communicatns New Add 99.86% 2,864,110 3.46
KMX - CarMax Inc. Add 99.17% 595,000 0.90
ROP - Roper Technologies Inc. Add 59.61% 406,500 1.93
DHR - Danaher Corp. Add 26.67% 400,000 0.99
MKL - Markel Group Inc. Add 3.16% 15,571 0.32
P4W - Primo Wtr Corp Add 3.13% 50,000 0.01
DLTR - Dollar Tree Inc. Add 0.06% 2,175 0.00
AAPL - Apple Inc. Add 0.02% 100 0.00
3UB - Ubiquiti Networks Inc Buy 900,000 1.10
Q2 2014
ROP - Roper Technologies Inc. Add 763.16% 602,900 3.01
AAPL - Apple Inc. Add 600.04% 546,209 1.74
DHR - Danaher Corp. Add 400.00% 1,200,000 3.24
KMX - CarMax Inc. Add 200.00% 400,000 0.71
LVNTA - Liberty Interactive Corp Add 100.00% 90,000 0.23
DISCK - Discovery Communicatns New Add 60.76% 1,084,030 2.69
MKL - Markel Group Inc. Add 29.47% 112,266 2.52
DLTR - Dollar Tree Inc. Add 16.74% 499,400 0.93
MA - Mastercard Inc. Add 7.95% 315,265 0.79
ANSS - Ansys Inc Add 5.80% 5,500 0.01
ESGR - Enstar Group Limited Add 0.02% 94 0.00
Q1 2014
MA - Mastercard Inc. Add 899.72% 3,567,067 10.36
DISCK - Discovery Communicatns New Add 346.05% 1,384,200 4.14
KMX - CarMax Inc. Add 100.00% 100,000 0.18
LVNTA - Liberty Interactive Corp Add 100.00% 45,000 0.23
ANSS - Ansys Inc Add 89.60% 44,800 0.13
LYV - Live Nation Inc. Add 39.31% 1,791,700 1.52
AMT - American Tower Corp. Add 21.07% 700,745 2.23
VL2 - Nustar Gp Holdings LLC Add 17.79% 4,195 0.01
V - Visa Inc. Add 13.53% 68,000 0.57
DHR - Danaher Corp. Add 7.14% 20,000 0.06
BRK.B - Berkshire Hathaway CL B Add 2.96% 8,978 0.04
DLTR - Dollar Tree Inc. Add 2.05% 59,835 0.12
MWE - Markwest Energy Partners L P Add 0.29% 2,030 0.01
MKL - Markel Group Inc. Add 0.08% 290 0.01
ORLY - O'Reilly Automotive Add 0.07% 579 0.00
ESGR - Enstar Group Limited Add 0.03% 150 0.00
MCO - Moody's Corp. Add 0.03% 1,180 0.00
ROP - Roper Technologies Inc. Buy 79,000 0.41
XOM - Exxon Mobil Corp. Buy 4,446 0.02
Q4 2013
MWE - Markwest Energy Partners L P Add 131.18% 400,000 1.13
LYV - Live Nation Inc. Add 40.26% 1,308,300 1.11
DLTR - Dollar Tree Inc. Add 20.61% 499,420 1.21
ROST - Ross Stores Inc. Add 18.19% 278,925 0.89
AMT - American Tower Corp. Add 17.59% 497,640 1.70
MKL - Markel Group Inc. Add 9.10% 31,754 0.79
NLY - Annaly Cap Mgmt Inc Add 4.69% 2,300 0.00
LPLA - LPL Financial Holdings Inc. Add 0.88% 15,000 0.03
AAPL - Apple Inc. Add 0.03% 25 0.00
BRK.B - Berkshire Hathaway CL B Add 0.01% 40 0.00
DHR - Danaher Corp. Buy 280,000 0.93
LVNTA - Liberty Interactive Corp Buy 45,000 0.24
KMX - CarMax Inc. Buy 100,000 0.20
LAMR - Lamar Advertising Co. Buy 67,100 0.15
AAIC - Arlington Asset Invt Corp Buy 10,000 0.01
Q3 2013
MWE - Markwest Energy Partners L P Add 129.73% 172,200 0.61
AMT - American Tower Corp. Add 48.09% 918,556 3.33
NLY - Annaly Cap Mgmt Inc Add 46.92% 15,675 0.01
MKL - Markel Group Inc. Add 41.77% 102,819 2.60
BRK.B - Berkshire Hathaway CL B Add 0.25% 750 0.00
ORLY - O'Reilly Automotive Add 0.21% 1,720 0.01
ESGR - Enstar Group Limited Add 0.14% 685 0.00
MA - Mastercard Inc. Add 0.12% 495 0.02
MCO - Moody's Corp. Add 0.11% 3,755 0.01
DLTR - Dollar Tree Inc. Add 0.10% 2,345 0.01
WMB - Williams Cos. Buy 19,610 0.03
Q2 2013
DISCK - Discovery Communicatns New Add 50.94% 135,000 0.48
MA - Mastercard Inc. Buy 396,088 11.64
MCO - Moody's Corp. Buy 3,477,765 10.84
DIG1 - Directv Buy 3,260,000 10.28
AMT - American Tower Corp. Buy 1,910,180 7.15
MKL - Markel Group Inc. Buy 246,144 6.63
DLTR - Dollar Tree Inc. Buy 2,421,423 6.30
ROST - Ross Stores Inc. Buy 1,631,048 5.41
ORLY - O'Reilly Automotive Buy 819,818 4.72
V - Visa Inc. Buy 502,430 4.70
AMTD - Td Ameritrade Hldg Corp Buy 3,158,900 3.92
ESGR - Enstar Group Limited Buy 497,791 3.39
LPLA - LPL Financial Holdings Inc. Buy 1,700,000 3.28
HIG - Hartford Financial Svc.Gp. Buy 2,028,270 3.21
LYV - Live Nation Inc. Buy 3,250,000 2.58
NS - Nustar Energy LP Buy 1,050,000 2.45
VRSK - Verisk Analytics Inc. Buy 800,000 2.44
AAPL - Apple Inc. Buy 91,104 1.85
BRK.B - Berkshire Hathaway CL B Buy 302,251 1.73
MNRO - Monro Inc. Buy 500,000 1.23
FDS - FactSet Research Systems Buy 130,000 0.68
SHLDQ - Sears Hldgs Corp Buy 300,000 0.65
DHIL - Diamond Hill Investment Grou Buy 145,500 0.64
AMX - America Movil SAb De Cv Buy 500,000 0.56
BAC - Bank of America Corp. Buy 800,000 0.53
BRK.A - Berkshire Hathaway CL A Buy 59 0.51
MWE - Markwest Energy Partners L P Buy 132,735 0.45
BAC.WS.A - Bank Of America Corporation Buy 700,000 0.20
ANSS - Ansys Inc Buy 50,000 0.19
P4W - Primo Wtr Corp Buy 1,600,000 0.15
VL2 - Nustar Gp Holdings LLC Buy 66,560 0.09
TDG - TransDigm Group Inc. Buy 10,000 0.08
CSX - CSX Corp. Buy 51,061 0.06
EPD - Enterprise Products Partners LP Buy 10,232 0.03
NLY - Annaly Cap Mgmt Inc Buy 33,409 0.02
Q1 2013
DISCK - Discovery Communications Buy 265,000 100.00
Q4 2012
VL2 - NuStar GP Holdings/nsh Add 455.79% 50,000 0.11
NLY - Annaly Capital/nly Add 65.02% 998,600 1.15
DLTR - Dollar Tree Inc. Add 49.87% 753,692 2.52
ART - Artio Global/art Add 28.00% 175,000 0.03
MNRO - Monro Inc. Add 25.00% 100,000 0.29
MCO - Moody's Corp. Add 22.64% 409,319 1.70
VRSK - Verisk Analytics Inc. Add 18.26% 123,500 0.52
MKL - Markel Group Inc. Add 17.13% 34,236 1.22
P4W - Primo Water Corp/prmw Add 6.67% 100,000 0.01
JEF - Jefferies Financial Group Inc. Buy 246,914 0.38
TDG - TransDigm Group Inc. Buy 10,000 0.11
Q3 2012
AAPL - Apple Inc. Add 756.24% 31,006 1.84
NLY - Annaly Capital/nly Add 638.04% 1,327,816 1.99
P4W - Primo Water Corp/prmw Add 214.80% 1,023,500 0.10
AMTD - TD Ameritrade/amtd Add 134.36% 1,813,900 2.48
HIG - Hartford Financial Svc.Gp. Add 124.74% 758,300 1.31
DLTR - Dollar Tree Inc. Add 106.05% 777,866 3.35
MA - Mastercard Inc. Add 79.13% 151,634 6.10
DHIL - Diamond Hill/dhil Add 76.15% 62,900 0.43
ORLY - O'Reilly Automotive Add 50.55% 278,198 2.07
MKL - Markel Group Inc. Add 47.73% 64,573 2.64
BRK.B - Berkshire Hathaway CL B Add 43.27% 94,685 0.74
ROST - Ross Stores Inc. Add 29.84% 447,860 2.57
CSX - CSX Corp. Add 12.60% 5,714 0.01
ESGR - Enstar/esgr Add 4.43% 21,774 0.19
AMT - American Tower Corp. Buy 1,745,074 11.09
MCO - Moody's Corp. Buy 1,807,735 7.11
V - Visa Inc. Buy 372,430 4.45
VRSK - Verisk Analytics Inc. Buy 676,500 2.87
SHLDQ - Sears Hldg/shld Buy 300,000 1.48
MNRO - Monro Inc. Buy 400,000 1.25
BAC.WS.A - Bank of America Buy 700,000 0.22
ART - Artio Global/art Buy 625,000 0.17
Q4 2011
P4W - Primo Wtr Corp Add 535.33% 401,500 0.23
AMTD - Td Ameritrade Hldg Corp Add 170.00% 850,000 2.50
ROST - Ross Stores Inc. Add 133.94% 859,182 7.67
HIG - Hartford Financial Svc.Gp. Add 102.63% 307,900 0.94
BRK.B - Berkshire Hathaway CL B Add 96.62% 107,535 1.54
TJX - TJX Companies Inc. Add 5.74% 14,430 0.17
ESGR - Enstar Group Limited Add 4.83% 22,642 0.42
DHIL - Diamond Hill Investment Grou Add 3.25% 2,600 0.04
MKL - Markel Group Inc. Add 2.90% 3,807 0.30
MA - Mastercard Inc. Add 2.46% 4,606 0.32
DLTR - Dollar Tree Inc. Add 2.15% 15,418 0.24
ORLY - O'Reilly Automotive Add 1.82% 9,836 0.15
VL2 - Nustar Gp Holdings LLC Add 1.10% 150 0.00
KMX - CarMax Inc. Add 0.06% 489 0.00
BAC - Bank of America Corp. Buy 800,000 0.84
XOM - Exxon Mobil Corp. Buy 2,528 0.04
Q3 2011
DHIL - Diamond Hill Investment Grou Add 164.81% 49,790 0.82
AMTD - Td Ameritrade Hldg Corp Add 25.00% 100,000 0.35
BRK.B - Berkshire Hathaway CL B Add 20.65% 19,050 0.32
MKL - Markel Group Inc. Add 17.76% 19,829 1.67
TROW - T. Rowe Price Group Add 4.16% 4,200 0.05
ROST - Ross Stores Inc. Add 1.55% 9,815 0.18
KMX - CarMax Inc. Add 0.84% 6,750 0.04
MA - Mastercard Inc. Add 0.82% 1,515 0.11
DLTR - Dollar Tree Inc. Add 0.19% 1,363 0.02
ESGR - Enstar Group Limited Add 0.05% 215 0.00
HIG - Hartford Financial Svc.Gp. Buy 300,000 1.14
AAPL - Apple Inc. Buy 4,100 0.37
Q2 2011
AO5 - Aeropostale Add 325.00% 325,000 1.23
CSX - CSX Corp. Add 200.00% 35,536 0.20
KMX - CarMax Inc. Add 61.84% 305,383 2.19
LAMR - Lamar Advertising Co. Add 26.42% 332,232 1.97
ORLY - O'Reilly Automotive Add 21.00% 105,890 1.50
MA - Mastercard Inc. Add 16.51% 26,295 1.72
TROW - T. Rowe Price Group Add 14.22% 12,566 0.16
BRK.B - Berkshire Hathaway CL B Add 3.35% 2,990 0.05
TJX - TJX Companies Inc. Add 2.26% 5,550 0.06
ESGR - Enstar Group Limited Add 2.17% 9,935 0.22
DLTR - Dollar Tree Inc. Add 0.80% 5,715 0.08
NLY - Annaly Cap Mgmt Inc Add 0.48% 1,000 0.00
AGO - Assured Guaranty Ltd. Buy 200,000 0.71
DHIL - Diamond Hill Investment Grou Buy 30,210 0.53
P4W - Primo Wtr Corp Buy 75,000 0.23
Q1 2011
NLY - Annaly Cap Mgmt Inc Add 842.19% 186,125 0.78
OXPS - Optionsxpress Hldgs Inc Add 57.71% 230,853 1.01
DLTR - Dollar Tree Inc. Add 15.90% 97,562 1.30
MA - Mastercard Inc. Add 13.83% 19,340 1.17
ROST - Ross Stores Inc. Add 12.21% 68,798 1.18
BRK.B - Berkshire Hathaway CL B Add 5.95% 5,010 0.10
VL2 - Nustar Gp Holdings LLC Add 2.10% 280 0.00
TJX - TJX Companies Inc. Add 2.03% 4,880 0.06
LAMR - Lamar Advertising Co. Add 1.46% 18,118 0.16
KMX - CarMax Inc. Add 0.55% 2,708 0.02
TROW - T. Rowe Price Group Add 0.30% 264 0.00
ORLY - O'Reilly Automotive Buy 504,345 6.97
AO5 - Aeropostale Buy 100,000 0.58
EPD - Enterprise Products Partners LP Buy 13,207 0.14
XOM - Exxon Mobil Corp. Buy 2,528 0.05
Q4 2010
MA - Mastercard Inc. Add 133.13% 79,880 5.03
ESGR - Enstar Group Limited Add 17.13% 67,750 1.61
ROST - Ross Stores Inc. Add 15.24% 74,532 1.33
BRK.A - Berkshire Hathaway CL A Add 3.90% 3 0.10
TJX - TJX Companies Inc. Add 3.17% 7,400 0.09
DLTR - Dollar Tree Inc. Add 0.43% 2,650 0.04
PENN - Penn National Gaming Inc. Add 0.41% 1,200 0.01
MKL - Markel Group Inc. Add 0.38% 443 0.05
BRK.B - Berkshire Hathaway CL B Add 0.30% 250 0.01
KMX - CarMax Inc. Add 0.11% 520 0.00
LAMR - Lamar Advertising Co. Add 0.08% 985 0.01
KMB - Kimberly-Clark Buy 30,000 0.53
P4W - Primo Wtr Corp Buy 75,000 0.30
Q3 2010
MA - Mastercard Inc. Add 100.00% 30,000 1.28
GLRE - Greenlight Capital Re Ltd Add 85.80% 23,090 0.43
OR1 - Tradestation Group Inc Add 35.00% 105,000 0.51
ROST - Ross Stores Inc. Add 13.92% 59,770 0.61
LAMR - Lamar Advertising Co. Add 8.78% 100,000 0.56
KMX - CarMax Inc. Add 7.32% 33,480 0.19
TROW - T. Rowe Price Group Add 6.40% 5,300 0.20
CRI - Carters Inc. Buy 100,000 1.95
FXCB - Fox Chase Bancorp Inc New Buy 100,000 0.70
RP - Realpage Inc Buy 25,000 0.35
Q2 2010
DLTR - Dollar Tree Inc. Add 307.40% 461,097 7.38
MA - Mastercard Inc. Add 233.33% 21,000 1.61
OR1 - Tradestation Group Inc Add 162.70% 185,800 0.48
V - Visa Inc. Add 108.33% 26,000 0.71
ROST - Ross Stores Inc. Add 94.80% 208,911 4.28
AMTD - Td Ameritrade Hldg Corp Add 33.33% 100,000 0.59
LAMR - Lamar Advertising Co. Add 28.56% 252,882 2.38
ESGR - Enstar Group Limited Add 20.45% 67,320 1.72
MKL - Markel Group Inc. Add 7.31% 7,845 1.02
BRK.B - Berkshire Hathaway CL B Buy 85,050 2.60
BDX - Becton Dickinson Buy 50,000 1.30
WRB - W.R. Berkley Corp. Buy 100,000 1.02
GLRE - Greenlight Capital Re Ltd Buy 26,910 0.26
FFCH - First Finl Hldgs Inc Buy 20,000 0.09
Q1 2010
WMS - Advanced Drainage Systems, Inc. Add 98.02% 99,000 3.85
OXPS - Optionsxpress Hldgs Inc Add 60.00% 150,000 2.27
FDS - FactSet Research Systems Add 28.73% 50,275 1.35
NLY - Annaly Cap Mgmt Inc Add 24.16% 4,300 0.07
RVR - White River Capital Inc Add 1.75% 1,600 0.02
HIG - Hartford Financial Svc.Gp. Buy 815,715 11.14
TJX - TJX Companies Inc. Buy 233,500 9.20
DLTR - Dollar Tree Inc. Buy 150,000 8.23
MA - Mastercard Inc. Buy 9,000 2.12
V - Visa Inc. Buy 24,000 2.02
ROST - Ross Stores Inc. Buy 220,374 1.65
TRH - Transatlantic Hldgs Inc Buy 209,950 1.01
OR1 - Tradestation Group Inc Buy 114,200 0.74
VL2 - Nustar Gp Holdings LLC Buy 13,340 0.37
9893105Q - Enterprise Gp Hldgs L P Buy 8,805 0.35
Q4 2009
MKL - Markel Group Inc. Add 19.66% 20,909 3.14
LAMR - Lamar Advertising Co. Add 17.23% 146,700 2.01
BYI - Bally Technologies Inc Add 7.86% 23,185 0.42
FDS - FactSet Research Systems Buy 175,000 5.09
AMTD - Td Ameritrade Hldg Corp Buy 300,000 2.57
MSCI - MSCI Inc. Buy 150,000 2.11
WMS - Advanced Drainage Systems, Inc. Buy 101,000 1.78
OXPS - Optionsxpress Hldgs Inc Buy 250,000 1.70
RVR - White River Capital Inc Buy 91,673 0.45
Q3 2009
ESGR - Enstar Group Limited Buy 365,458 17.69
MKL - Markel Group Inc. Buy 106,349 16.67
PENN - Penn National Gaming Inc. Buy 1,132,445 14.88
LAMR - Lamar Advertising Co. Buy 851,509 11.10
TROW - T. Rowe Price Group Buy 411,780 8.94
KMX - CarMax Inc. Buy 871,987 8.66
NDN - 99 Cents Only Stores Buy 930,344 5.95
BYI - Bally Technologies Inc Buy 295,100 5.38
BRK.A - Berkshire Hathaway CL A Buy 9,494 4.51
BRYG - Berkshire Hathaway Buy 2,109 3.33
MBRG - Middleburg Financial Corp Buy 150,000 0.93
ACF - Americredit Corp Buy 97,444 0.73
IRM* - Iron Mtn Inc Buy 34,860 0.44
CSX - CSX Corp. Buy 17,768 0.35
NLY - Annaly Cap Mgmt Inc Buy 17,800 0.15
XOM - Exxon Mobil Corp. Buy 4,453 0.15
FSP - Franklin Street Pptys Corp Buy 20,000 0.12
Q4 2008
DX5 - Dynamex Inc Add 23.09% 138,214 0.32
LAMR - Lamar Advertising Co. Add 10.95% 271,865 0.53
NLY - Annaly Cap Mgmt Inc Buy 12,700 0.03
Q3 2008
HOY - Pinnacle Entmt Inc Add 14.32% 260,961 0.22
IRM* - Iron Mtn Inc Add 13.13% 47,940 0.13
BRYG - Berkshire Hathaway Inc Del Add 5.83% 143 0.07
MER - Merril Lynch & Co Inc Buy 226,481 0.63
Q2 2008
ESGR - Enstar Group Limited Add 94.18% 296,515 2.42
BRYG - Berkshire Hathaway Inc Del Add 11.00% 243 0.09
LAMR - Lamar Advertising Co. Add 6.31% 154,559 0.52
IRM* - Iron Mtn Inc Add 6.03% 20,763 0.05
KMX - CarMax Inc. Add 1.87% 87,334 0.12
MKL - Markel Group Inc. Add 0.01% 21 0.00
FSP - Franklin Street Pptys Corp Buy 33,146 0.04
Q1 2008
LAMR - Lamar Advertising Co. Add 330.97% 1,879,660 5.27
HF - Hff Inc Add 44.45% 271,300 0.10
RVR - White River Capital Inc Add 37.46% 52,004 0.07
HTH - Hilltop Holdings Inc Add 20.83% 104,200 0.08
FMCC - Federal Home Ln Mtg Corp Add 15.26% 16,703 0.03
CAO - Csk Auto Corp Add 11.13% 463,793 0.34
IRM* - Iron Mtn Inc Add 3.31% 11,026 0.02
HOY - Pinnacle Entmt Inc Add 3.30% 58,443 0.06
DX5 - Dynamex Inc Add 0.64% 3,800 0.01
BYI - Bally Technologies Inc Add 0.41% 9,695 0.03
GS - Goldman Sachs Group Add 0.28% 12 0.00
PENN - Penn National Gaming Inc. Buy 7,158,072 24.41
NDN - 99 Cents Only Stores Buy 9,453,464 7.29
KMX - CarMax Inc. Buy 4,662,447 7.06
ESGR - Enstar Group Limited Buy 314,823 2.73
MCRI - Monarch Casino & Resort Inc Buy 1,495,428 2.07
MWE - Markwest Energy Partners L P Buy 758,033 1.82
KT2 - Knight Transn Inc Buy 1,060,000 1.36
BRK.A - Berkshire Hathaway CL A Buy 127 1.32
BRYG - Berkshire Hathaway Inc Del Buy 2,210 0.77
ECPG - Encore Capital Group Inc. Buy 700,000 0.37
LEHMQ - Lehman Bros Hldgs Inc Buy 100,000 0.29
IGT - International Game Technolog Buy 56,144 0.18
Q4 2007
RVR - White River Capital Inc Add 392.32% 110,633 0.29
FMCC - Federal Home Ln Mtg Corp Add 38.07% 30,182 0.15
AMWD - American Woodmark Corp. Add 7.49% 57,769 0.15
WFC - Wells Fargo Add 5.92% 8,702 0.04
ACF - Americredit Corp Add 4.43% 145,780 0.27
IRM* - Iron Mtn Inc Add 2.56% 8,306 0.04
LAMR - Lamar Advertising Co. Add 1.72% 9,608 0.07
AES - Aes Corp Add 0.80% 13,076 0.04
MKL - Markel Group Inc. Add 0.15% 609 0.04
CAO - Csk Auto Corp Buy 4,166,069 2.98
HF - Hff Inc Cl A Buy 610,400 0.67
Q3 2007
BRO - Brown & Brown Inc. Add 100.00% 25,000 0.05
PVAHQ - Penn Virginia Corp/pva Add 100.00% 105,900 0.32
LAMR - Lamar Advertising Co. Add 90.06% 264,559 0.88
TOL - Toll Brothers Add 54.40% 326,405 0.44
DX5 - Dynamex Inc/ddmx Add 21.22% 104,130 0.18
POOL - Pool Corp. Add 7.97% 127,380 0.21
AMWD - American Woodmark Corp. Add 5.12% 37,583 0.06
BRYG - Berkshire Hathaway B/brk.b Add 4.88% 101 0.03
PENN - Penn National Gaming Inc. Add 4.73% 352,606 1.41
NDN - 99 Cents Only Stores/ndn Add 4.61% 322,742 0.22
WFC - Wells Fargo Add 3.64% 5,157 0.01
IRM* - Iron Mountain/irm Add 1.86% 5,934 0.01
BYD - Boyd Gaming Corp. Add 1.76% 3,232 0.01
KMX - CarMax Inc. Add 1.70% 75,321 0.10
FMCC - Federal Home Loan Mtg/fre Add 1.32% 1,035 0.00
AES - AES Corporation/aes Add 0.92% 14,753 0.02
BRK.A - Berkshire Hathaway CL A Add 0.78% 1 0.01
HRH - Hilb Rogal & Hobbs Company/hrh Add 0.75% 4,741 0.01
ACF - Americredit/acf Add 0.56% 18,177 0.02
BHRB - Burke & Herbert/bhrb Add 0.52% 9 0.00
MKL - Markel Group Inc. Add 0.42% 1,732 0.06
ISLE - Isle of Capri Casinos/isle Add 0.31% 3,481 0.00
BYI - Bally Technologies/byi Add 0.23% 5,454 0.01
HOY - Pinnacle Entertainment Inc./pn Add 0.13% 2,766 0.01
916583Q - Enstar Group Ltd./esgr Buy 151,476 1.30
CORSQ - Corus Bankshares/cors Buy 100,941 0.09
Q2 2007
POOL - Pool Corp. Add 79.97% 709,913 1.76
LAMR - Lamar Advertising Co. Add 43.88% 89,587 0.36
WFC - Wells Fargo Add 5.62% 7,537 0.02
FMCC - Fed. Home Loan Mtg./fre Add 4.92% 3,668 0.01
IRM* - Iron Mountain/irm Add 3.47% 10,711 0.02
ISLE - Isle of Capri Casinos/isle Add 2.07% 22,998 0.03
GS - Goldman Sachs Group Add 1.93% 461 0.01
ACF - Americredit/acf Add 1.56% 50,297 0.08
NDN - 99 Cent Stores/ndn Add 1.20% 83,214 0.07
AES - AES Inc./aes Add 1.17% 18,710 0.03
HRH - Hilb, Rogal, & Hobbs/hrh Add 0.97% 6,058 0.02
BYI - Bally Technologies/byi Add 0.95% 22,485 0.04
PENN - Penn National Gaming Inc. Add 0.85% 62,600 0.24
KMX - CarMax Inc. Add 0.73% 32,187 0.05
MKL - Markel Group Inc. Add 0.66% 2,712 0.08
HOY - Pinnacle Entertainment Inc./pn Add 0.54% 11,125 0.02
ANCUF - Alimentation Couche-Tard SVS C Buy 1,350,913 1.77
HTH - Hilltop Holdings/hth Buy 500,225 0.37
BHRB - Burke & Herbert Bank/bhrb Buy 1,744 0.16
Q1 2007
BRK.A - Berkshire Hathaway CL A Add 9,940.94% 12,625 0.90
POOL - Pool Corp. Add 404.86% 711,875 1.81
LAMR - Lamar Advertising Co. Add 102.99% 103,585 0.46
KMX - CarMax Inc. Add 100.69% 2,212,034 3.85
ISLE - Isle of Capri Casinos/isle Add 47.68% 358,224 0.65
ACF - Americredit/acf Add 21.07% 560,997 0.91
DVD - Dover Motorsports, Inc./dvd Add 10.27% 79,130 0.03
HOY - Pinnacle Entertainment Inc./pn Add 8.27% 156,137 0.32
MCRI - Monarch Casinos/mcri Add 6.18% 104,665 0.19
DX5 - Dynamex Inc/ddmx Add 6.03% 28,033 0.05
ISCA - Intl. Speedway A/isca Add 5.67% 11,384 0.04
BRYG - Berkshire Hathaway B/brk.b Add 2.85% 59 0.02
BYD - Boyd Gaming Corp. Add 2.09% 10,813 0.04
AES - AES Inc./aes Add 1.63% 25,601 0.04
GS - Goldman Sachs Group Add 1.45% 342 0.01
1647548D - Quanta/qnta Add 1.42% 5,780 0.00
IGT - Int'l Gaming Tech/igt Add 1.40% 6,555 0.02
BDY - Bradley Pharmaceutical/bdy Add 0.86% 3,744 0.01
HRH - Hilb, Rogal, & Hobbs/hrh Add 0.66% 4,100 0.01
SSD - Simpson Manufacturing Add 0.61% 8,429 0.02
PENN - Penn National Gaming Inc. Add 0.47% 34,752 0.10
MKL - Markel Group Inc. Add 0.42% 1,736 0.06
AMWD - American Woodmark Corp. Add 0.25% 2,010 0.01
NDN - 99 Cent Stores/ndn Add 0.02% 1,722 0.00
WCC - WESCO International Inc. Buy 200,000 0.89
IRM* - Iron Mountain/irm Buy 308,345 0.57
KT2 - Knight Transportation Inc./knx Buy 243,140 0.31
BLKB - Blackbaud Inc. Buy 80,000 0.14
Q4 2006
SSD - Simpson Manufacturing Add 35.49% 359,276 0.86
ACF - Americredit/acf Add 9.91% 240,151 0.46
GS - Goldman Sachs Group Add 5.44% 1,213 0.02
IGT - Int'l Gaming Tech/igt Add 5.34% 23,708 0.08
MKL - Markel Group Inc. Add 5.30% 20,621 0.75
ISLE - Isle of Capri Casinos/isle Add 3.58% 25,960 0.05
1647548D - Quanta/qnta Add 3.56% 14,029 0.00
HRH - Hilb, Rogal, & Hobbs/hrh Add 2.39% 14,540 0.05
WFC - Wells Fargo Add 2.38% 3,140 0.01
FMCC - Fed. Home Loan Mtg./fre Add 2.19% 1,603 0.01
MCRI - Monarch Casinos/mcri Add 1.37% 22,900 0.04
AMWD - American Woodmark Corp. Add 1.17% 9,250 0.03
BYI - Bally Technologies/byi Add 0.88% 20,846 0.03
AES - AES Inc./aes Add 0.76% 11,830 0.02
NDN - 99 Cent Stores/ndn Add 0.60% 41,549 0.04
HOY - Pinnacle Entertainment Inc./pn Add 0.58% 10,942 0.03
PENN - Penn National Gaming Inc. Add 0.57% 41,591 0.13
BRYG - Berkshire Hathaway B/brk.b Add 0.49% 10 0.00
BYD - Boyd Gaming Corp. Add 0.22% 1,149 0.00
BDY - Bradley Pharmaceutical/bdy Add 0.16% 673 0.00
KMX - CarMax Inc. Add 0.15% 3,227 0.01
ANCUF - Alimentation Couche-Tard SVS C Buy 633,621 1.04
POOL - Pool Corp. Buy 175,832 0.52
LAMR - Lamar Advertising Co. Buy 100,579 0.50
BHRB - Burke & Herbert Bank/bhrb Buy 1,682 0.22
Q3 2006
WFC - Wells Fargo Add 107.22% 68,234 0.23
CSX - CSX Corp. Add 100.00% 9,518 0.03
BYD - Boyd Gaming Corp. Add 57.31% 188,400 0.66
SSD - Simpson Manufacturing Add 55.11% 359,700 0.89
BYI - Bally Technologies/byi Add 3.45% 79,336 0.13
BDY - Bradley Pharmaceutical/bdy Add 2.99% 12,600 0.02
ISLE - Isle of Capri Casinos/isle Add 2.84% 20,000 0.04
NDN - 99 Cent Stores/ndn Add 2.15% 144,364 0.16
PENN - Penn National Gaming Inc. Add 2.06% 147,889 0.49
FMCC - Fed. Home Loan Mtg./fre Add 1.94% 1,394 0.01
ACF - Americredit/acf Add 1.73% 41,258 0.09
BRK.A - Berkshire Hathaway CL A Add 1.60% 2 0.02
BRYG - Berkshire Hathaway B/brk.b Add 1.33% 27 0.01
IGT - Int'l Gaming Tech/igt Add 0.98% 4,331 0.02
MKL - Markel Group Inc. Add 0.81% 3,113 0.12
KMX - CarMax Inc. Add 0.54% 11,700 0.04
AES - AES Inc./aes Add 0.28% 4,275 0.01
FGMGQ - FL Gaming Corp/fgmg Buy 42,822 0.05
Q2 2006
PGR - Progressive Corp. Add 170.82% 8,278 0.02
NDN - 99 Cent Stores/ndn Add 20.45% 1,141,676 1.12
1647548D - Quanta/qnta Add 19.22% 63,500 0.02
BRK.A - Berkshire Hathaway CL A Add 10.62% 12 0.09
MWP - Mark West Hydro/mwp Add 10.00% 32,908 0.08
FMCC - Fed. Home Loan Mtg./fre Add 6.52% 4,400 0.02
WFC - Wells Fargo Add 5.97% 3,585 0.02
IGT - Int'l Gaming Tech/igt Add 5.35% 22,356 0.08
KMX - CarMax Inc. Add 4.90% 101,832 0.34
BYI - Bally Technologies/byi Add 4.52% 99,377 0.15
BRYG - Berkshire Hathaway B/brk.b Add 3.88% 76 0.02
AES - AES Inc./aes Add 3.75% 55,993 0.10
ACF - Americredit/acf Add 3.49% 80,302 0.21
ISLE - Isle of Capri Casinos/isle Add 3.39% 23,101 0.06
HOY - Pinnacle Entertainment Inc./pn Add 2.18% 48,700 0.14
PENN - Penn National Gaming Inc. Add 2.15% 151,278 0.55
MKL - Markel Group Inc. Add 0.89% 3,418 0.11
ISCA - Intl. Speedway A/isca Add 0.41% 868 0.00
Q1 2006
1647548D - Quanta/qnta Add 46.82% 105,342 0.03
HOY - Pinnacle Entertainment Inc./pn Add 19.02% 356,240 0.89
DHI - D.R. Horton Add 12.74% 72,200 0.21
NDN - 99 Cent Stores/ndn Add 12.01% 598,786 0.72
TOL - Toll Brothers Add 6.09% 42,712 0.13
AMWD - American Woodmark Corp. Add 4.84% 36,397 0.11
BYD - Boyd Gaming Corp. Add 3.24% 10,389 0.05
WTM - White Mountains Insurance Add 2.35% 91 0.00
GS - Goldman Sachs Group Add 1.86% 409 0.01
IGT - Int'l Gaming Tech/igt Add 1.70% 6,990 0.02
ISLE - Isle of Capri Casinos/isle Add 1.63% 10,930 0.03
ACF - Americredit/acf Add 0.89% 20,409 0.06
MWP - Mark West Hydro/mwp Add 0.86% 2,800 0.01
SSD - Simpson Manufacturing Add 0.86% 5,557 0.02
HRH - Hilb, Rogal, & Hobbs/hrh Add 0.80% 4,875 0.02
FMCC - Fed. Home Loan Mtg./fre Add 0.71% 475 0.00
ISCA - Intl. Speedway A/isca Add 0.53% 1,132 0.01
KMX - CarMax Inc. Add 0.47% 9,684 0.03
MKL - Markel Group Inc. Add 0.42% 1,599 0.05
MCRI - Monarch Casinos/mcri Add 0.26% 5,100 0.01
2914808Q - Station Casinos/stn Add 0.25% 705 0.00
BYI - Bally Technologies/byi Buy 2,196,914 3.29
ISCB - Intl. Speedway B/iscb Buy 190,031 0.85
KBH - KB Homes/kbh Buy 35,800 0.21
LEN - Lennar Corp. Buy 39,950 0.21
PHM - PulteGroup Inc. Buy 61,670 0.21
ORH - Odyssey Re Corp./orh Buy 100,000 0.19
RVR - White River Cap/wrvc Buy 28,200 0.04
Q4 2005
AMWD - American Woodmark Corp. Add 60.65% 283,926 0.73
ISLE - Isle of Capri Casinos/isle Add 52.60% 231,412 0.58
ISCA - Intl. Speedway A/isca Add 24.05% 41,230 0.20
TOL - Toll Brothers Add 16.89% 101,343 0.36
SSD - Simpson Manufacturing Add 9.16% 54,287 0.20
WTM - White Mountains Insurance Add 6.73% 244 0.01
IGT - Int'l Gaming Tech/igt Add 5.06% 19,781 0.06
BRK.A - Berkshire Hathaway CL A Add 4.31% 5 0.04
NDN - 99 Cent Stores/ndn Add 3.98% 190,889 0.21
GS - Goldman Sachs Group Add 3.56% 756 0.01
ACF - Americredit/acf Add 3.20% 70,626 0.19
MCRI - Monarch Casinos/mcri Add 3.08% 57,779 0.13
0542367D - Sands Regent/snds Add 2.96% 2,135 0.00
BRYG - Berkshire Hathaway B/brk.b Add 2.69% 52 0.02
C - Citigroup Inc. Add 2.51% 3,097 0.02
HRH - Hilb, Rogal, & Hobbs/hrh Add 2.15% 12,788 0.05
HOY - Pinnacle Entertainment Inc./pn Add 1.75% 32,181 0.08
AAP - Advance Auto Parts Add 1.40% 3,990 0.02
BDY - Bradley Pharmaceutical/bdy Add 1.39% 12,001 0.01
KMX - CarMax Inc. Add 1.19% 24,256 0.07
PENN - Penn National Gaming Inc. Add 1.18% 82,197 0.28
MKL - Markel Group Inc. Add 0.92% 3,474 0.11
PGR - Progressive Corp. Add 0.71% 34 0.00
2914808Q - Station Casinos/stn Add 0.69% 1,909 0.01
AES - AES Inc./aes Add 0.53% 9,478 0.02
BYD - Boyd Gaming Corp. Buy 320,200 1.58
BGFV - Big 5 Sporting Goods Corp/bgfv Buy 116,300 0.26
1647548D - Quanta/qnta Buy 225,000 0.12
Q3 2005
TOL - Toll Brothers Add 100.00% 300,000 1.38
AAP - Advance Auto Parts Add 52.55% 97,906 0.39
0542367D - Sands Regent/snds Add 48.96% 23,701 0.02
PGR - Progressive Corp. Add 45.73% 1,510 0.02
GS - Goldman Sachs Group Add 26.58% 4,464 0.06
ISCA - Intl. Speedway A/isca Add 22.64% 31,644 0.17
AMWD - American Woodmark Corp. Add 21.05% 81,405 0.28
ISLE - Isle of Capri Casinos/isle Add 18.01% 67,148 0.15
NDN - 99 Cent Stores/ndn Add 16.21% 668,735 0.63
BRK.A - Berkshire Hathaway CL A Add 11.54% 12 0.10
IGT - Int'l Gaming Tech/igt Add 10.48% 37,059 0.10
C - Citigroup Inc. Add 9.14% 10,331 0.05
WTM - White Mountains Insurance Add 8.70% 290 0.02
HRH - Hilb, Rogal, & Hobbs/hrh Add 6.78% 37,845 0.14
FGMGQ - FL Gaming Corp/fgmg Add 6.31% 14,351 0.02
KMX - CarMax Inc. Add 3.26% 64,626 0.21
MCRS - Micros Systems Inc./mcrs Add 3.18% 1,200 0.01
ACF - Americredit/acf Add 3.09% 66,134 0.16
SSD - Simpson Manufacturing Add 2.91% 16,770 0.07
FMCC - Fed. Home Loan Mtg./fre Add 2.75% 2,054 0.01
BRYG - Berkshire Hathaway B/brk.b Add 2.55% 48 0.01
MKL - Markel Group Inc. Add 2.36% 8,705 0.30
HOY - Pinnacle Entertainment Inc./pn Add 2.12% 38,239 0.07
PENN - Penn National Gaming Inc. Add 1.78% 122,223 0.39
BDY - Bradley Pharmaceutical/bdy Add 1.66% 14,146 0.02
2914808Q - Station Casinos/stn Add 0.82% 2,275 0.02
WFC - Wells Fargo Add 0.66% 411 0.00
AES - AES Inc./aes Add 0.62% 11,117 0.02
RVR - White River Cap/wrvc Buy 27,100 0.03
EQUUS - Equus Gaming/equus Buy 61,650 0.00
Q2 2005
702901Q - Spectrasite Inc./ssi Add 215.72% 232,405 1.63
NDN - 99 Cent Stores/ndn Add 45.50% 1,289,967 1.55
AGY - Argosy Gaming/agy Add 35.08% 133,700 0.59
ISLE - Isle of Capri Casinos/isle Add 26.47% 78,042 0.19
IGT - Int'l Gaming Tech/igt Add 20.54% 60,272 0.16
SSD - Simpson Manufacturing Add 12.65% 64,677 0.19
WTM - White Mountains Insurance Add 12.60% 373 0.02
AMWD - American Woodmark Corp. Add 12.31% 42,377 0.12
BRYG - Berkshire Hathaway B/brk.b Add 6.56% 116 0.03
MKL - Markel Group Inc. Add 5.37% 18,801 0.60
ACF - Americredit/acf Add 5.32% 108,377 0.26
FMCC - Fed. Home Loan Mtg./fre Add 3.58% 2,581 0.02
DX5 - Dynamex Inc/ddmx Add 3.33% 15,000 0.02
PENN - Penn National Gaming Inc. Add 3.14% 208,478 0.72
HOY - Pinnacle Entertainment Inc./pn Add 2.78% 48,750 0.09
BDY - Bradley Pharmaceutical/bdy Add 2.32% 19,305 0.02
KMX - CarMax Inc. Add 2.29% 44,296 0.11
AAP - Advance Auto Parts Add 2.19% 3,995 0.02
WFC - Wells Fargo Add 1.67% 1,020 0.01
AES - AES Inc./aes Add 1.66% 29,151 0.05
2914808Q - Station Casinos/stn Add 1.04% 2,837 0.02
FGMGQ - FL Gaming Corp/fgmg Buy 227,531 0.27
0542367D - Sands Regent/snds Buy 48,409 0.04
JNJ - Johnson & Johnson Buy 3,140 0.02
Q1 2005
SSD - Simpson Manufacturing Add 375.88% 403,958 1.31
PENN - Penn National Gaming Inc. Add 184.63% 4,308,784 13.27
AGY - Argosy Gaming/agy Add 183.14% 246,500 1.18
MCRI - Monarch Casinos/mcri Add 112.08% 999,552 2.08
MCRS - Micros Systems Inc./mcrs Add 100.00% 18,850 0.08
AMWD - American Woodmark Corp. Add 76.72% 149,507 0.57
HOY - Pinnacle Entertainment Inc./pn Add 56.59% 633,946 1.11
BDY - Bradley Pharmaceutical/bdy Add 53.39% 289,400 0.29
GS - Goldman Sachs Group Add 45.48% 5,351 0.06
NDN - 99 Cent Stores/ndn Add 44.98% 879,595 1.21
FRFHF - Fairfax Financial Holdings Ltd. Add 39.71% 27,000 0.42
DHI - D.R. Horton Add 33.33% 141,665 0.43
ISLE - Isle of Capri Casinos/isle Add 30.68% 69,215 0.19
DX5 - Dynamex Inc/ddmx Add 20.84% 77,597 0.15
WTM - White Mountains Insurance Add 14.37% 372 0.02
AZO - AutoZone Inc. Add 14.05% 1,920 0.02
IGT - Int'l Gaming Tech/igt Add 13.80% 35,575 0.10
TGIC - Triad Guaranty/tgic Add 12.00% 3,600 0.02
BRYG - Berkshire Hathaway B/brk.b Add 10.92% 174 0.05
ISCA - Intl. Speedway A/isca Add 10.61% 13,526 0.08
C - Citigroup Inc. Add 9.45% 10,123 0.05
BK - Bank of New York/bk Add 8.64% 2,918 0.01
BRK.A - Berkshire Hathaway CL A Add 7.48% 8 0.07
WFC - Wells Fargo Add 6.17% 3,548 0.02
ACF - Americredit/acf Add 5.12% 99,045 0.24
FMCC - Fed. Home Loan Mtg./fre Add 5.07% 3,480 0.02
702901Q - Spectrasite Inc./ssi Add 4.07% 4,216 0.03
HRH - Hilb, Rogal, & Hobbs/hrh Add 2.70% 14,805 0.06
MKL - Markel Group Inc. Add 2.67% 9,096 0.33
KMX - CarMax Inc. Add 2.27% 43,066 0.14
AAP - Advance Auto Parts Add 2.17% 3,876 0.02
DVD - Dover Motorsports, Inc./dvd Add 1.91% 17,159 0.01
AES - AES Inc./aes Add 1.02% 17,774 0.03
2914808Q - Station Casinos/stn Add 0.63% 1,716 0.01
LF1 - LandAmerica Financial Group/lf Buy 250,000 1.31
BHRB - Burke & Herbert Bank/bhrb Buy 2,254 0.43
MER - Merrill Lynch/mer Buy 5,310 0.03
PGR - Progressive Corp. Buy 3,302 0.03
MRSH - Marsh Buy 6,733 0.02
EQUUS - Equus Gaming/equus Buy 61,650 0.01
Q4 2004
DX5 - Dynamex Inc Add 313.78% 282,400 0.61
BGGSQ - Briggs & Stratton Add 299.10% 299,100 1.46
BDY - Bradley Pharma Add 209.71% 367,000 0.83
AMWD - American Woodmark Corp. Add 172.56% 123,380 0.63
XOM - Exxon Mobil Corp. Add 110.42% 5,000 0.03
FRFHF - Fairfax Financial Holdings Ltd. Add 106.06% 35,000 0.69
HOY - Pinnacle Entertainment Inc. Add 76.73% 486,365 1.13
DRT - Dollar Tree Add 56.45% 344,126 1.16
HRH - Hilb, Rogal, & Hamilton Add 42.54% 163,497 0.70
PTP - Platinum Underwriter Add 40.00% 200,000 0.73
KSL - Kaneb Services Add 25.79% 104,575 0.53
NDN - 99 Cent Stores Add 14.82% 252,484 0.48
AZO - AutoZone Inc. Add 13.88% 1,665 0.02
GS - Goldman Sachs Group Add 13.84% 1,430 0.02
WTM - White Mountains Insurance Add 13.75% 313 0.02
IGT - Int'l Gaming Tech Add 11.82% 27,247 0.11
MKL - Markel Group Inc. Add 11.48% 35,104 1.50
ACF - Americredit Add 11.39% 197,986 0.57
MCRI - Monarch Casinos Add 11.02% 88,529 0.42
BRYG - Berkshire Hathaway B Add 10.70% 154 0.05
2914808Q - Station Casinos Add 8.16% 20,484 0.13
PENN - Penn National Gaming Inc. Add 7.54% 163,580 1.16
ISCA - Intl. Speedway A Add 6.61% 7,903 0.05
C - Citigroup Inc. Add 5.17% 5,265 0.03
702901Q - Spectrasite Inc. Add 3.52% 3,517 0.02
FMCC - Fed. Home Loan Mtg. Add 3.45% 2,291 0.02
DVD - Dover Motorsports, Inc. Add 2.66% 23,226 0.02
AAP - Advance Auto Parts Add 1.96% 3,438 0.02
AES - AES Inc. Add 1.24% 21,346 0.03
KMX - CarMax Inc. Add 0.91% 17,017 0.06
MRH - Montpelier Re Holdings Buy 300,000 1.35
AGY - Argosy Gaming Buy 134,600 0.74
ISLE - Isle of Capri Casinos Buy 225,579 0.68
BRO - Brown & Brown Inc. Buy 25,000 0.13
DALRQ - Delta Air Lines Buy 83,029 0.07
Q3 2004
EQUUS - Equus Gaming Add 165.16% 38,400 0.01
DX5 - Dynamex Inc Add 144.57% 53,200 0.15
MTLG - Metrologic Instruments Add 137.00% 68,500 0.18
IGT - Int'l Gaming Tech Add 53.38% 80,250 0.49
PRE - PartnersRe Ltd Add 37.50% 75,000 0.70
AES - AES Inc. Add 24.25% 335,360 0.57
MKL - Markel Group Inc. Add 19.15% 49,116 2.57
KMX - CarMax Inc. Add 19.00% 299,681 1.10
BRK.A - Berkshire Hathaway CL A Add 15.05% 14 0.21
ITIC - Investors Title Co. Add 12.55% 6,800 0.03
PTP - Platinum Underwriter Add 11.11% 50,000 0.25
BRYG - Berkshire Hathaway B Add 5.50% 75 0.04
C - Citigroup Inc. Add 4.59% 4,469 0.03
ISCA - Intl. Speedway A Add 4.49% 5,135 0.04
GS - Goldman Sachs Group Add 3.35% 335 0.01
FMCC - Fed. Home Loan Mtg. Add 3.09% 1,990 0.02
WFC - Wells Fargo Add 2.81% 1,595 0.02
WTM - White Mountains Insurance Add 2.80% 62 0.01
DVD - Dover Motorsports, Inc. Add 2.40% 20,455 0.01
PENN - Penn National Gaming Inc. Add 1.65% 35,213 0.24
HRH - Hilb, Rogal, & Hamilton Add 1.62% 6,145 0.04
ACF - Americredit Add 1.13% 19,470 0.07
MCRI - Monarch Casinos Add 0.97% 7,739 0.03
BHRB - Burke & Herbert Bank Add 0.79% 16 0.01
KSL - Kaneb Services Add 0.60% 2,425 0.01
NDN - 99 Cent Stores Buy 1,703,250 4.11
DRT - Dollar Tree Buy 609,600 2.79
ISCB - Intl. Speedway B Buy 230,375 1.95
HOY - Pinnacle Entertainment Inc. Buy 633,900 1.48
BGGSQ - Briggs & Stratton Buy 100,000 1.38
AAP - Advance Auto Parts Buy 175,000 1.02
KKD - Krispy Kreme Doughnuts Buy 400,000 0.86
702901Q - Spectrasite Inc. Buy 100,000 0.79
FRFHF - Fairfax Financial Holdings Ltd. Buy 33,000 0.70
BDY - Bradley Pharma Buy 175,000 0.60
2246800Q - Prime Hospitality Buy 100,000 0.21
AZO - AutoZone Inc. Buy 12,000 0.16
Q2 2004
COKE - Coca Cola Bottling Add 184.67% 110,800 1.44
KMX - CarMax Inc. Add 125.45% 877,765 4.32
KSL - Kaneb Services Add 61.24% 153,100 0.97
TOL - Toll Brothers Add 45.83% 110,000 1.05
AO5 - Aeropostale, Inc Add 37.50% 75,000 0.46
MKL - Markel Group Inc. Add 29.73% 58,785 3.67
ITIC - Investors Title Co. Add 22.62% 10,000 0.07
BRYG - Berkshire Hathaway B Add 19.02% 218 0.15
PTP - Platinum Underwriter Add 12.50% 50,000 0.34
DHI - D.R. Horton Add 5.00% 25,000 0.16
IGT - Int'l Gaming Tech Add 4.87% 6,985 0.06
SSD - Simpson Manufacturing Add 1.90% 2,200 0.03
PENN - Penn National Gaming Inc. Add 1.58% 33,185 0.25
C - Citigroup Inc. Add 1.16% 1,113 0.01
BK - Bank of New York Add 1.05% 795 0.01
ACF - Americredit Add 0.33% 5,710 0.03
PRA - ProAssurance Corp. Buy 75,000 0.58
TGIC - Triad Guaranty Buy 30,000 0.39
MTLG - Metrologic Instruments Buy 50,000 0.22
DX5 - Dynamex Inc Buy 36,800 0.12
XOM - Exxon Mobil Corp. Buy 4,528 0.05
EQUUS - Equus Gaming Buy 23,250 0.01
Q1 2004
IGT - Int'l Gaming Tech Add 419.78% 115,775 1.30
838969Q - Fidelity National Financial In Add 169.00% 84,501 0.84
DHI - D.R. Horton Add 100.00% 250,000 2.21
KSL - Kaneb Services Add 72.89% 105,400 0.87
KMX - CarMax Inc. Add 71.86% 292,575 2.13
HRH - Hilb, Rogal, & Hamilton Add 34.66% 97,353 0.92
MWP - Mark West Hydro Add 30.52% 76,300 0.24
TOL - Toll Brothers Add 20.00% 40,000 0.45
BHRB - Burke & Herbert Bank Add 17.10% 296 0.17
BK - Bank of New York Add 13.53% 9,055 0.07
PENN - Penn National Gaming Inc. Add 11.36% 214,416 1.54
WTM - White Mountains Insurance Add 10.70% 214 0.03
AES - AES Inc. Add 10.64% 133,100 0.28
WFC - Wells Fargo Add 7.20% 3,820 0.05
FMCC - Fed. Home Loan Mtg. Add 6.88% 4,397 0.07
C - Citigroup Inc. Add 6.21% 5,627 0.07
BRYG - Berkshire Hathaway B Add 5.52% 60 0.05
MKL - Markel Group Inc. Add 2.96% 5,685 0.41
ISCA - Intl. Speedway A Add 2.51% 2,898 0.03
ACF - Americredit Add 2.38% 39,872 0.17
BRK.A - Berkshire Hathaway CL A Add 1.96% 2 0.05
MCRI - Monarch Casinos Add 1.61% 12,617 0.04
DVD - Dover Motorsports, Inc. Add 0.68% 5,768 0.01
UPBD - Upbound Group Inc. Buy 400,000 3.29
2914808Q - Station Casinos Buy 251,000 2.76
AO5 - Aeropostale, Inc Buy 200,000 1.81
SSD - Simpson Manufacturing Buy 116,000 1.42
PVN - Providian Financial Corporatio Buy 400,000 1.31
ITIC - Investors Title Co. Buy 44,200 0.34
GS - Goldman Sachs Group Buy 10,000 0.26
CZN - Citizens Communication Buy 75,000 0.24
3161655Q - Mandalay Resort Group Buy 12,000 0.17
Q4 2003
DHI - D.R. Horton Add 235.12% 175,400 2.33
945852Q - Sprint PCS Add 98.30% 491,500 0.85
MCRI - Monarch Casinos Add 94.43% 380,255 1.29
AMWD - American Woodmark Corp. Add 43.00% 21,500 0.36
HRH - Hilb, Rogal, & Hamilton Add 27.66% 60,850 0.60
IGT - Int'l Gaming Tech Add 22.14% 5,000 0.05
MKL - Markel Group Inc. Add 9.51% 16,675 1.30
BRYG - Berkshire Hathaway B Add 4.62% 48 0.04
BHRB - Burke & Herbert Bank Add 3.16% 53 0.03
FMCC - Fed. Home Loan Mtg. Add 1.91% 1,198 0.02
MGAM - Multimedia Games Add 1.87% 11,250 0.14
C - Citigroup Inc. Add 1.86% 1,658 0.02
BRK.A - Berkshire Hathaway CL A Add 0.99% 1 0.03
AES - AES Inc. Add 0.74% 9,175 0.03
ACF - Americredit Add 0.60% 10,000 0.05
PENN - Penn National Gaming Inc. Add 0.05% 1,000 0.01
KMX - CarMax Inc. Add 0.03% 125 0.00
BK - Bank of New York Add 0.01% 5 0.00
838969Q - Fidelity National Financial In Buy 50,000 0.60
PMACA - PMA Capital Corporation Buy 300,000 0.47
SCI - Service Corporation Internatio Buy 200,000 0.33
Q3 2003
IGT - Int'l Gaming Tech Add 300.00% 16,935 0.17
AES - AES Inc. Add 27.10% 264,845 0.72
ACF - Americredit Add 11.61% 173,000 0.65
MKL - Markel Group Inc. Add 6.12% 10,121 0.99
MGAM - Multimedia Games Buy 600,050 7.97
KMX - CarMax Inc. Buy 407,000 4.85
UNM - Unum Group Buy 861,000 4.64
PTP - Platinum Underwriter Buy 400,000 4.10
PRE - PartnersRe Ltd Buy 200,000 3.70
HRH - Hilb, Rogal, & Hamilton Buy 220,000 2.49
TOL - Toll Brothers Buy 200,000 2.22
RYL - Ryland Homes Buy 80,000 2.13
PVAHQ - Penn Virginia Corp Buy 115,700 1.87
MCRI - Monarch Casinos Buy 402,700 1.64
KSL - Kaneb Services Buy 144,600 1.41
COKE - Coca Cola Bottling Buy 60,000 1.10
945852Q - Sprint PCS Buy 500,000 1.05
AMWD - American Woodmark Corp. Buy 50,000 0.82
MWP - Mark West Hydro Buy 255,390 0.68
WTM - White Mountains Insurance Buy 2,000 0.29
RGC - Regal Entertainment Buy 40,000 0.27
HUB - Chubb Corp Buy 10,000 0.24
DLM - DelMonte Foods Buy 30,000 0.10
PDSG - PDS Gaming Buy 106,500 0.06
FGMGQ - FL Gaming Corp Buy 27,500 0.04
Q2 2003
WFC - Wells Fargo Add 2,654.15% 2,091,815 19.12
2951 - Philip Morris Co., Inc. Add 552.41% 320,400 5.28
MCRS - Micros Systems Inc. Add 125.02% 82,700 1.84
558319Q - AMC Entertainment Add 85.74% 103,400 0.54
DHI - D.R. Horton Add 49.43% 34,600 0.36
PENN - Penn National Gaming Inc. Add 44.05% 620,640 6.18
ISCA - Intl. Speedway A Add 43.05% 46,255 0.83
DVD - Dover Motorsports, Inc. Add 42.18% 272,155 0.50
BK - Bank of New York Add 38.69% 27,036 0.56
LNWO - Scientific Games Add 34.26% 93,700 0.40
ACF - Americredit Add 29.02% 335,200 1.31
MKL - Markel Group Inc. Add 24.34% 32,349 3.78
BRK.A - Berkshire Hathaway CL A Add 6.96% 8 0.26
FMCC - Fed. Home Loan Mtg. Add 5.55% 4,245 0.10
BRYG - Berkshire Hathaway B Add 1.60% 17 0.02
BMY - Bristol-Myers Squibb Add 1.04% 100 0.00
AES - AES Inc. Buy 977,300 2.83
Q1 2003
CHDN - Churchill Downs, Inc. Add 1,256.84% 222,900 2.30
MGAM - Multimedia Games Add 484.76% 339,554 5.91
ACF - Americredit Add 230.00% 805,000 2.40
DVD - Dover Downs Gaming COM Dover Motorsports, Inc. Add 185.91% 419,505 1.22
ISCA - Intl. Speedway A Add 124.15% 59,510 2.16
558319Q - AMC Entertainment Add 101.00% 60,600 0.48
DHI - D.R. Horton Add 75.00% 30,000 0.39
MKL - Markel Group Inc. Add 32.64% 32,710 5.65
IGT - Int'l Gaming Tech Add 12.90% 645 0.05
PENN - Penn National Gaming Inc. Add 5.30% 70,950 1.15
LNWO - Scientific Games Add 0.18% 500 0.00
BRK.A - Berkshire Hathaway CL A Buy 115 6.64
FMCC - Fed. Home Loan Mtg. Buy 76,514 3.68
WFC - Wells Fargo Buy 78,813 3.20
C - Citigroup Inc. Buy 92,013 2.87
CSX - CSX Corp. Buy 183,518 2.54
BHRB - Burke & Herbert Bank Buy 1,683 2.28
BRYG - Berkshire Hathaway B Buy 1,060 2.05
BK - Bank of New York Buy 69,876 1.30
2951 - Philip Morris Co., Inc. Buy 58,000 1.14
ABT - Abbott Labs Buy 24,100 0.82
WTM - White Mountains Insurance Buy 2,000 0.62
KO - Coca Cola Co. Buy 15,984 0.59
2860436Q - Liberty Media Group Buy 33,860 0.30
BMY - Bristol-Myers Squibb Buy 9,600 0.18
Q4 2002
2291233Q - Hollywood Casino Add 322.01% 314,220 5.69
DHI - D.R. Horton Add 166.67% 25,000 0.64
LNWO - Scientific Games Add 60.59% 103,000 1.11
DVD - Dover Motorsports, Inc. Add 16.41% 31,804 0.22
MGAM - Multimedia Games Add 15.69% 9,500 0.39
PENN - Penn National Gaming Inc. Add 8.82% 108,425 2.54
MKL - Markel Group Inc. Add 3.92% 3,780 1.15
KMX - CarMax Inc. Buy 49,518 1.31
KSL - Kaneb Services Buy 30,000 0.81
PVAHQ - Penn Virginia Corp Buy 15,000 0.80
MWP - Mark West Hydro Buy 52,500 0.44
Q3 2002
PENN - Penn National Gaming Inc. Buy 1,229,525 27.01
MKL - Markel Group Inc. Buy 96,434 22.35
BRK.A - Berkshire Hathaway CL A Buy 110 9.46
FMCC - Fed. Home Loan Mtg. Buy 78,999 5.14
WFC - Wells Fargo Buy 60,833 3.41
ACF - Americredit Buy 350,000 3.29
C - Citigroup Inc. Buy 91,714 3.16
BRYG - Berkshire Hathaway B Buy 966 2.77
ISCA - Intl. Speedway A Buy 58,083 2.69
BK - Bank of New York Buy 63,512 2.12
MCRS - Micros Systems Inc. Buy 66,200 1.79
MCRI - Monarch Gaming Buy 96,000 1.49
MGAM - Multimedia Games Buy 60,546 1.39
2291233Q - Hollywood Casino Buy 97,580 1.37
LNWO - Scientific Games Buy 170,000 1.33
DDE - Dover Downs Gaming & Entertain Buy 132,692 1.26
IIVI - II VI, Inc. Buy 69,000 1.07
BCPC - Balchem Corp Buy 40,000 1.01
DVD - Dover Motorsports, Inc. Buy 193,841 0.90
CHDN - Churchill Downs, Inc. Buy 19,000 0.81
FDCP - First Data Corp Buy 25,000 0.81
WTM - White Mountains Insurance Buy 2,000 0.69
AES - AES Inc. Buy 215,000 0.63
ABT - Abbott Labs Buy 12,000 0.56
558319Q - AMC Entertainment Buy 63,200 0.54
IGT - Int'l Gaming Tech Buy 5,645 0.45
KO - Coca Cola Co. Buy 7,992 0.45
2951 - Philip Morris Co., Inc. Buy 9,000 0.41
CORSQ - Corus Bancshares Buy 7,000 0.36
DHI - D.R. Horton Buy 15,000 0.32
CSX - CSX Corp. Buy 9,518 0.29
2860436Q - Liberty Media Group Buy 33,860 0.28
BMY - Bristol-Myers Squibb Buy 9,600 0.27
PDSG - PDS Gaming Buy 113,500 0.13
KMEDQ - Key 3 Media Buy 117,200 0.00