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

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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	20	39,500	SH		SOLE	0	39,500	0	0
AES CORP	COM	00130H105	48,492	3,773,714	SH		SOLE	0	3,773,714	0	0
AES TR III	PFD CV 6.75%	00808N202	969	18,980	SH		SOLE	0	18,980	0	0
ALLSTATE CORP	COM	020002101	1,708	24,005	SH		SOLE	0	24,005	0	0
AMERICAN INTL GROUP INC	*W EXP 01/19/21	026874156	815	37,251	SH		SOLE	0	37,251	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	85,385	1,558,413	SH		SOLE	0	1,558,413	0	0
AMERICAN TOWER CORP	CL A	03027X100	100,384	1,066,216	SH		SOLE	0	1,066,216	0	0
ANTARES PHARMA INC	COM	036642106	877	323,535	SH		SOLE	0	323,535	0	0
AUTOZONE INC	COM	053332102	24,496	35,909	SH		SOLE	0	35,909	0	0
AXION PWR INTL INC	COM NEW	05460X208	0	10,000	SH		SOLE	0	10,000	0	0
B O K FINL CORP	COM NEW	05561Q201	9,590	156,640	SH		SOLE	0	156,640	0	0
BANK AMER CORP	COM	60505104	26,660	1,732,307	SH		SOLE	0	1,732,307	0	0
BANK AMER CORP	*W EXP 01/16/19	060505146	821	139,865	SH		SOLE	0	139,865	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	3,915	18	SH		SOLE	0	18	0	0
BERKSHIRE HATHAWAY INC DEL	CL B	084670702	9,124	63,218	SH		SOLE	0	63,218	0	0
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	G16252101	4,554	99,997	SH		SOLE	0	99,997	0	0
CARMAX INC	COM	143130102	87,940	1,274,308	SH		SOLE	0	1,274,308	0	0
CEDAR FAIR LP	DEPOSITRY UNIT	150185106	4,686	81,644	SH		SOLE	0	81,644	0	0
CINCINNATI BELL INC NEW	COM	171871106	31,144	8,822,765	SH		SOLE	0	8,822,765	0	0
CINCINNATI BELL INC NEW	PFD CV DEP1/20	171871403	536	10,815	SH		SOLE	0	10,815	0	0
CROWN HOLDINGS INC	COM	228368106	66,894	1,238,317	SH		SOLE	0	1,238,317	0	0
DENNYS CORP	COM	24869P104	106,363	9,330,078	SH		SOLE	0	9,330,078	0	0
DOLLAR TREE INC	COM	256746108	72,687	895,767	SH		SOLE	0	895,767	0	0
ENERGY RECOVERY INC	COM	29270J100	495	190,950	SH		SOLE	0	190,950	0	0
ENERGY TRANSFER EQUITY LP	COM UT LTD PTN	29273V100	5,893	93,010	SH		SOLE	0	93,010	0	0
ENTERPRISE PRODS PARTNERS LP	COM	293792107	5,123	155,558	SH		SOLE	0	155,558	0	0
EQUINIX	COM NEW	29444U502	31,805	136,592	SH		SOLE	0	136,592	0	0
EXXON MOBIL CORP	COM	30231G102	347	4,080	SH		SOLE	0	4,080	0	0
FAUQUIER BANKSHARES INC VA	COM	312059108	267	16,000	SH		SOLE	0	16,000	0	0
GENERAL ELECTRIC CO	COM	369604103	320	12,900	SH		SOLE	0	12,900	0	0
GENWORTH FINL INC	COM CL A	37247D106	150	20,464	SH		SOLE	0	20,464	0	0
GLADSTONE COML CORP	COM	376536108	2,266	121,748	SH		SOLE	0	121,748	0	0
HORSEHEAD HLDG CORP	COM	440694305	223	17,645	SH		SOLE	0	17,645	0	0
INTERNAP NETWORK SVCS CORP	COM PAR $.001	45885A300	80,806	7,898,900	SH		SOLE	0	7,898,900	0	0
IRIDIUM COMMUNICATIONS INC	COM	46269C102	918	94,502	SH		SOLE	0	94,502	0	0
KINDER MORGAN INC	COM	49456B101	50,155	1,192,465	SH		SOLE	0	1,192,465	0	0
KINDER MORGAN INC DEL	*W EXP 05/25/2017	49456B119	552	134,600	SH		SOLE	0	134,600	0	0
MACQUARIE INFRASTR CO LLC	MEMBERSHIP INT	55608b105	3,821	46,438	SH		SOLE	0	46,438	0	0
MARKEL CORP	COM	570535104	103,043	134,003	SH		SOLE	0	134,003	0	0
MARKWEST ENERGY PARTNERS LP	UNIT LTD PARTN	570759100	15,490	234,344	SH		SOLE	0	234,344	0	0
MICROSOFT CORP	COM	594918104	47,890	1,177,956	SH		SOLE	0	1,177,956	0	0
NOVAVAX INC	COM	670002104	149	18,000	SH		SOLE	0	18,000	0	0
NUSTAR GP HOLDINGS LLC	UNIT RESTG LLC	67059L102	4,823	136,235	SH		SOLE	0	136,235	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	730	10,000	SH		SOLE	0	10,000	0	0
PIONEER NAT RES CO	COM	723787107	69,976	427,964	SH		SOLE	0	427,964	0	0
POPEYES LA KITCHEN INC	COM	732872106	58,796	982,888	SH		SOLE	0	982,888	0	0
REGENCY ENERGY PARTNERS LP	COM UNITS LP	75885Y107	5,390	235,677	SH		SOLE	0	235,677	0	0
ROSS STORES INC	COM	778296103	44,796	425,168	SH		SOLE	0	425,168	0	0
SBA COMMUNICATIONS CORP	COM	78388J106	2,040	17,418	SH		SOLE	0	17,418	0	0
SIRIUS XM RADIO INC	COM	82968B103	548	143,440	SH		SOLE	0	143,440	0	0
SIX FLAGS ENTMT CORP NEW	COM	83001A102	276	5,695	SH		SOLE	0	5,695	0	0
TEEKAY CORPORATION	COM	Y8564W103	45,293	972,589	SH		SOLE	0	972,589	0	0
TEEKAY OFFSHORE PARTNERS LP	PARTNERSHIP UN	Y8565J101	3,456	163,705	SH		SOLE	0	163,705	0	0
TIGERLOGIC CORPORATION	COM	8867EQ101	68	169,735	SH		SOLE	0	169,735	0	0
TWENTY FIRST CENTY FOX INC	CL A	90130A101	425	12,556	SH		SOLE	0	12,556	0	0
UNIVERSAL DISPLAY CORP	COM	91347P105	25,878	553,546	SH		SOLE	0	553,546	0	0
VANGUARD NATURAL RESOURCES L	COM UNIT	92205F106	507	36,300	SH		SOLE	0	36,300	0	0
WALKER & DUNLOP INC	COM	93148P102	181	10,200	SH		SOLE	0	10,200	0	0
WELLS FARGO & CO NEW	COM	949746101	12,961	238,245	SH		SOLE	0	238,245	0	0
WP GLIMCHER INC	COM	92939N102	963	57,880	SH		SOLE	0	57,880	0	0
ZAYO GROUP HLDGS INC	COM	98919V105	61,999	2,217,407	SH		SOLE	0	2,217,407	0	0