| Security | Market Valueª | Shares or Principal | Investment
Discretion | Other
Managersº | Voting Authority |
|---|
| Issuer Name | Issue Class | Opt. | CUSIP/CINS | $1000s | Weight | Amount | S/P | Price | Sole | Shared | None |
|---|
 | | | | | | | | | ↓List | (S/P Amounts or For All) |
|---|
|
| ARCOS DORADOS HOLDINGS INC | SHS CLASS – A – | – | G0457F·10·7 | 22,801 | 0.10% | 3,060,500 | Sh. | 7.45 | Sole | – | Sole | – | – |
| AUTONATION INC | COM | – | 05329W·10·2 | 80,050 | 0.35% | 1,898,717 | Sh. | 42.16 | Sole | – | Sole | – | – |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | – | 084670·70·2 | 10,052,105 | 43.53% | 59,349,971 | Sh. | 169.37 | Sole | – | Sole | – | – |
| CANADIAN NATL RY CO | COM | – | 136375·10·2 | 1,388,133 | 6.01% | 17,126,874 | Sh. | 81.05 | Sole | – | Sole | – | – |
| CATERPILLAR INC DEL | COM | – | 149123·10·1 | 1,210,092 | 5.24% | 11,260,857 | Sh. | 107.46 | Sole | – | Sole | – | – |
| COCA COLA FEMSA S A B DE C V | SPON ADR REP L | – | 191241·10·8 | 526,200 | 2.28% | 6,214,719 | Sh. | 84.67 | Sole | – | Sole | – | – |
| CROWN CASTLE INTL CORP NEW | COM | – | 22822V·10·1 | 534,250 | 2.31% | 5,332,900 | Sh. | 100.18 | Sole | – | Sole | – | – |
| ECOLAB INC | COM | – | 278865·10·0 | 579,643 | 2.51% | 4,366,426 | Sh. | 132.75 | Sole | – | Sole | – | – |
| FEDEX CORP | COM | – | 31428X·10·6 | 657,423 | 2.85% | 3,024,999 | Sh. | 217.33 | Sole | – | Sole | – | – |
| GRUPO TELEVISA SA | SPON ADR REP ORD | – | 40049J·20·6 | 411,344 | 1.78% | 16,879,104 | Sh. | 24.37 | Sole | – | Sole | – | – |
| LIBERTY GLOBAL PLC | LILAC SHS CL A | – | G5480U·13·8 | 8,064 | 0.03% | 370,424 | Sh. | 21.77 | Sole | – | Sole | – | – |
| LIBERTY GLOBAL PLC | LILAC SHS CL C | – | G5480U·15·3 | 13,618 | 0.06% | 636,044 | Sh. | 21.41 | Sole | – | Sole | – | – |
| LIBERTY GLOBAL PLC | SHS CL A | – | G5480U·10·4 | 68,079 | 0.29% | 2,119,515 | Sh. | 32.12 | Sole | – | Sole | – | – |
| LIBERTY GLOBAL PLC | SHS CL C | – | G5480U·12·0 | 113,475 | 0.49% | 3,639,349 | Sh. | 31.18 | Sole | – | Sole | – | – |
| MICROSOFT CORP | COM | – | 594918·10·4 | 4,411,520 | 19.10% | 64,000,000 | Sh. | 68.93 | Sole | – | Sole | – | – |
| UNITED PARCEL SERVICE INC | CL B | – | 911312·10·6 | 500,456 | 2.17% | 4,525,329 | Sh. | 110.59 | Sole | – | Sole | – | – |
| WAL-MART STORES INC | COM | – | 931142·10·3 | 878,115 | 3.80% | 11,603,000 | Sh. | 75.68 | Sole | – | Sole | – | – |
| WALGREENS BOOTS ALLIANCE INC | COM | – | 931427·10·8 | 272,158 | 1.18% | 3,475,398 | Sh. | 78.31 | Sole | – | Sole | – | – |
| WASTE MGMT INC DEL | COM | – | 94106L·10·9 | 1,366,780 | 5.92% | 18,633,672 | Sh. | 73.35 | Sole | – | Sole | – | – |
| — 16 Issuers — | — 19 Issues — | — 19 Holdings: $23,094,306,000 — | — Sole Manager — |
____________
ª No market value of any Holding was adjusted.
º Other Included Managers with whom investment discretion is shared as to any Holding: No Other Included Managers |
|
