Holding Performance

1%-0% 2%-1% 3%-2% 4%-3% 5%-4% 6%-5%

Top 25 Holdings	Portfolio Weight %	Shares Owned	Shares Change	Sector	Mkt Cap (Mil)	Total Ret YTD (Daily)
Liberty Media Corporation Class A	9.29	117,800	8,301		13.67	70.91
Fidelity Instl MM Fds Government I	4.76	7,010,000	6,977,597	---	7.01	--
Discovery Communications Inc Class A	4.38	101,500	11,088		6.44	24.21
Google, Inc. Class A	4.34	9,000	-970		6.38	28.53
EchoStar Corp	4.21	181,100	37,620		6.20	18.23
Viacom, Inc. Class B	3.85	107,400	7,400		5.66	32.72
Liberty Global, Inc.	3.83	96,000	0		5.64	19.44
DISH Network Corp	3.52	142,200	27,800		5.18	7.12
IAC/InterActiveCorp	3.02	93,900	33,160		4.44	9.50
Scripps Networks Interactive Inc	2.94	74,600	9,600		4.32	19.48
Liberty Interactive Corp Class A	2.87	214,900	40,400		4.23	18.65
eBay Inc	2.82	81,290	0		4.15	11.20
Liberty Ventures Class A	2.73	59,200	46,400		4.01	16.87
Madison Square Garden Co	2.62	87,100	1,285		3.86	38.67
Time Warner Inc	2.60	80,000	0		3.83	27.53
Ritchie Bros. Auctioneers, Inc.	2.04	144,000	0		3.01	-0.60
Dreamworks Animation SKG, Inc.	2.01	178,300	23,880		2.95	31.20
Visa, Inc.	1.85	18,000	0		2.73	22.20
CACI International, Inc. Class A	1.79	48,000	0		2.64	14.97
MasterCard Incorporated Class A	1.67	5,000	0		2.46	19.22
AutoNation Inc	1.53	56,700	25,810		2.25	15.87
CBS Corporation Class B	1.42	55,000	6,660		2.09	35.74
SINA Corporation	1.36	40,000	0		2.01	18.62
Mantech International Corp Class A	1.27	72,000	0		1.87	8.17
Melco International Development Ltd.	1.18	1,500,000	0		1.74	--