Avenir 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACORN ENERGY INC	COM	004848107	134	39,500	SH		SOLE	0	39,500	0	0
AES CORP	COM	00130H105	53,917	3,775,668	SH		SOLE	0	3,775,668	0	0
AES TR III	PFD CV 6.75%	00808N202	970	18,980	SH		SOLE	0	18,980	0	0
ALLSTATE CORP	COM	020002101	38,236	675,794	SH		SOLE	0	675,794	0	0
AMERICAN INTL GROUP INC	*W EXP 01/19/21	026874156	933	45,636	SH		SOLE	0	45,636	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	82,275	1,645,167	SH		SOLE	0	1,645,167	0	0
AMERICAN PUBLIC EDUCATION INC	COM	02913V103	1,911	54,487	SH		SOLE	0	54,487	0	0
AMERICAN TOWER CORP	CL A	029912201	92,850	1,134,121	SH		SOLE	0	1,134,121	0	0
ANTARES PHARMA INC	COM	036642106	1,186	338,735	SH		SOLE	0	338,735	0	0
B O K FINL CORP	COM NEW	05561Q201	11,132	161,222	SH		SOLE	0	161,222	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	648	18,375	SH		SOLE	0	18,375	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	3,560	19	SH		SOLE	0	19	0	0
BERKSHIRE HATHAWAY INC DEL	CL B	084670702	8,139	65,128	SH		SOLE	0	65,128	0	0
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	G16252101	4,157	105,368	SH		SOLE	0	105,368	0	0
CAPITAL ONE FINL CORP	COM	14040H105	617	8,000	SH		SOLE	0	8,000	0	0
CARMAX INC	COM	143130102	62,684	1,339,397	SH		SOLE	0	1,339,397	0	0
CEDAR FAIR LP	DEPOSITRY UNIT	150185106	3,649	71,654	SH		SOLE	0	71,654	0	0
CINCINNATI BELL INC NEW	COM	171871106	23,515	6,796,341	SH		SOLE	0	6,796,341	0	0
CINCINNATI BELL INC NEW	PFD CV DEP1/20	171871403	447	9,856	SH		SOLE	0	9,856	0	0
CONOCOPHILLIPS	COM	20825C104	242	3,440	SH		SOLE	0	3,440	0	0
CROWN HOLDINGS INC	COM	228368106	57,602	1,287,483	SH		SOLE	0	1,287,483	0	0
DENNYS CORP	COM	24869P104	61,228	9,522,289	SH		SOLE	0	9,522,289	0	0
DIRECTV	COM CL A	25490A101	22,338	292,303	SH		SOLE	0	292,303	0	0
ENERGY RECOVERY INC	COM	29270J100	201	37,700	SH		SOLE	0	37,700	0	0
ENERGY TRANSFER EQUITY LP	COM UT LTD PTN	29273V100	4,330	92,610	SH		SOLE	0	92,610	0	0
ENTERPRISE PRODS PARTNERS LP	COM	293792107	5,311	76,569	SH		SOLE	0	76,569	0	0
EXXON MOBIL CORP	COM	30231G102	386	3,950	SH		SOLE	0	3,950	0	0
FAUQUIER BANKSHARES INC VA	COM	312059108	236	16,000	SH		SOLE	0	16,000	0	0
FRONTIER COMMUNICATIONS CORP	COM	35906A108	223	39,125	SH		SOLE	0	39,125	0	0
GENERAL ELECTRIC CO	COM	369604103	319	12,320	SH		SOLE	0	12,320	0	0
GLADSTONE COML CORP	COM	376536108	2,259	130,279	SH		SOLE	0	130,279	0	0
HORSEHEAD HLDG CORP	COM	440694305	297	17,645	SH		SOLE	0	17,645	0	0
INTERNAP NETWORK SVCS CORP	COM PAR $.001	45885A300	58,684	8,288,691	SH		SOLE	0	8,288,691	0	0
IRIDIUM COMMUNICATIONS INC	COM	46269C102	24,746	3,295,088	SH		SOLE	0	3,295,088	0	0
KINDER MORGAN ENERGY PARTNERS	UT LTD PARTNER	494550106	592	8,000	SH		SOLE	0	8,000	0	0
KINDER MORGAN INC	COM	49456B101	35,475	1,091,863	SH		SOLE	0	1,091,863	0	0
KINDER MORGAN INC DEL	*W EXP 05/25/2017	49456B119	44	25,000	SH		SOLE	0	25,000	0	0
LEXINGTON REALTY TRUST	COM	529043101	725	66,466	SH		SOLE	0	66,466	0	0
MACQUARIE INFRASTR CO LLC	MEMBERSHIP INT	55608b105	1,501	26,213	SH		SOLE	0	26,213	0	0
MARKEL CORP	COM	570535104	83,315	139,766	SH		SOLE	0	139,766	0	0
MARKWEST ENERGY PARTNERS LP	UNIT LTD PARTN	570759100	15,559	238,199	SH		SOLE	0	238,199	0	0
MICROS SYS INC	COM	594901100	65,076	1,229,470	SH		SOLE	0	1,229,470	0	0
MICROSOFT CORP	COM	594918104	48,932	1,193,758	SH		SOLE	0	1,193,758	0	0
NII HLDGS INC	CL B NEW	62913F201	243	204,199	SH		SOLE	0	204,199	0	0
NUSTAR GP HOLDINGS LLC	UNIT RESTG LLC	67059L102	4,772	140,185	SH		SOLE	0	140,185	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	953	10,000	SH		SOLE	0	10,000	0	0
PIONEER NAT RES CO	COM	723787107	79,663	425,686	SH		SOLE	0	425,686	0	0
POPEYES LA KITCHEN INC	COM	732872106	31,378	772,102	SH		SOLE	0	772,102	0	0
POZEN INC	COM	73941U102	696	86,997	SH		SOLE	0	86,997	0	0
REGENCY ENERGY PARTNERS LP	COM UNITS LP	75885Y107	7,808	286,858	SH		SOLE	0	286,858	0	0
ROSS STORES INC	COM	778296103	27,786	388,238	SH		SOLE	0	388,238	0	0
SBA COMMUNICATIONS CORP	COM	78388J106	1,593	17,518	SH		SOLE	0	17,518	0	0
SEADRILL LIMITED	SHS	G7945E105	568	16,160	SH		SOLE	0	16,160	0	0
SIRIUS XM RADIO INC	COM	82967N108	2,849	890,252	SH		SOLE	0	890,252	0	0
SIX FLAGS ENTMT CORP NEW	COM	83001A102	7,604	189,388	SH		SOLE	0	189,388	0	0
TEEKAY CORPORATION	COM	Y8564W103	21,490	382,106	SH		SOLE	0	382,106	0	0
TEEKAY OFFSHORE PARTNERS LP	PARTNERSHIP UN	Y8565J101	3,043	92,995	SH		SOLE	0	92,995	0	0
TIGERLOGIC CORPORATION	COM	8867EQ101	409	290,274	SH		SOLE	0	290,274	0	0
TIME WARNER CABLE INC	COM	88732J207	34,671	252,738	SH		SOLE	0	252,738	0	0
TWENTY FIRST CENTY FOX INC	CL A	90130A101	401	12,556	SH		SOLE	0	12,556	0	0
PROSHARES TR	PSHS ULSHT SP500	74347R883	841	29,670	SH		SOLE	0	29,670	0	0
UNIVERSAL DISPLAY CORP	COM	91347P105	22,782	713,936	SH		SOLE	0	713,936	0	0
VANGUARD NATURAL RESOURCES L	COM UNIT	92205F106	963	32,340	SH		SOLE	0	32,340	0	0
WALKER & DUNLOP INC	COM	93148P102	167	10,200	SH		SOLE	0	10,200	0	0
WELLS FARGO & CO NEW	COM	949746101	12,474	250,780	SH		SOLE	0	250,780	0	0