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Institutional Investment Manager
Arlington Value Capital, LLC
Arlington Value Capital, LLC (CIK: 0001568820) incorporated in Utah, located at 222 S. Main Street, Suite 1750, Salt Lake City, UT. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q1)
Portfolio Summary: 17 holdings with a total value of $817,524,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 VistaPrint NV 2,174,376 197,194,000 24.12%
2 BERKSHIRE HATHAWAY INC DEL 1,341,210 190,290,000 23.28%
3 LEUCADIA NATIONAL CO 6,410,447 103,656,000 12.68%
4 NOW INC COM 4,730,512 83,824,000 10.25%
5 INTERACTIVE BROKERS GROUP INC COM CL A 1,906,006 74,944,000 9.17%
6 MSC INDL DIRECT INC 949,985 72,493,000 8.87%
7 PAYCHEX INC 790,024 29,222,000 3.57%
8 MOODYS CORP 252,928 24,422,000 2.99%
9 TRIPADVISOR INC 199,185 13,245,000 1.62%
10 CHEFS WHSE INC 512,706 10,402,000 1.27%
11 BERKSHIRE HATHAWAY INC DEL 43 9,178,000 1.12%
12 COPART INC 106,809 4,354,000 0.53%
13 PAYCHEX INC 43,700 1,616,000 0.20% Call
14 HEICO CORP NEW 30,061 1,430,000 0.17%
15 LIBERTY TRIPADVISOR HLDGS INC COM SER A 33,438 740,000 0.09%
16 RAVEN INDS INC 21,439 343,000 0.04%
17 DESWELL INDUSTRIES INC 100,981 171,000 0.02%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001606587-16-000630, filed 2016.05.16).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.