| 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 | 30,758 | 0.12% | 3,060,500 | Sh. | 10.05 | Sole | – | Sole | – | – |
| AUTONATION INC | COM | – | 05329W·10·2 | 90,113 | 0.35% | 1,898,717 | Sh. | 47.46 | Sole | – | Sole | – | – |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | – | 084670·70·2 | 12,570,247 | 48.82% | 68,569,972 | Sh. | 183.32 | Sole | – | Sole | – | – |
| CANADIAN NATL RY CO | COM | – | 136375·10·2 | 1,418,962 | 5.51% | 17,126,874 | Sh. | 82.85 | Sole | – | Sole | – | – |
| CATERPILLAR INC DEL | COM | – | 149123·10·1 | 1,404,341 | 5.45% | 11,260,857 | Sh. | 124.71 | Sole | – | Sole | – | – |
| COCA COLA FEMSA S A B DE C V | SPON ADR REP L | – | 191241·10·8 | 479,341 | 1.86% | 6,214,719 | Sh. | 77.13 | Sole | – | Sole | – | – |
| CROWN CASTLE INTL CORP NEW | COM | – | 22822V·10·1 | 533,183 | 2.07% | 5,332,900 | Sh. | 99.98 | Sole | – | Sole | – | – |
| ECOLAB INC | COM | – | 278865·10·0 | 561,566 | 2.18% | 4,366,426 | Sh. | 128.61 | Sole | – | Sole | – | – |
| FEDEX CORP | COM | – | 31428X·10·6 | 682,379 | 2.65% | 3,024,999 | Sh. | 225.58 | Sole | – | Sole | – | – |
| GRUPO TELEVISA SA | SPON ADR REP ORD | – | 40049J·20·6 | 416,407 | 1.62% | 16,879,104 | Sh. | 24.67 | Sole | – | Sole | – | – |
| LIBERTY GLOBAL PLC | LILAC SHS CL A | – | G5480U·13·8 | 8,801 | 0.03% | 370,424 | Sh. | 23.76 | Sole | – | Sole | – | – |
| LIBERTY GLOBAL PLC | LILAC SHS CL C | – | G5480U·15·3 | 14,820 | 0.06% | 636,044 | Sh. | 23.30 | Sole | – | Sole | – | – |
| LIBERTY GLOBAL PLC | SHS CL A | – | G5480U·10·4 | 71,873 | 0.28% | 2,119,515 | Sh. | 33.91 | Sole | – | Sole | – | – |
| LIBERTY GLOBAL PLC | SHS CL C | – | G5480U·12·0 | 119,007 | 0.46% | 3,639,349 | Sh. | 32.70 | Sole | – | Sole | – | – |
| MICROSOFT CORP | COM | – | 594918·10·4 | 4,171,440 | 16.20% | 56,000,000 | Sh. | 74.49 | Sole | – | Sole | – | – |
| UNITED PARCEL SERVICE INC | CL B | – | 911312·10·6 | 543,447 | 2.11% | 4,525,329 | Sh. | 120.09 | Sole | – | Sole | – | – |
| WAL-MART STORES INC | COM | – | 931142·10·3 | 906,658 | 3.52% | 11,603,000 | Sh. | 78.14 | Sole | – | Sole | – | – |
| WALGREENS BOOTS ALLIANCE INC | COM | – | 931427·10·8 | 268,370 | 1.04% | 3,475,398 | Sh. | 77.22 | Sole | – | Sole | – | – |
| WASTE MGMT INC DEL | COM | – | 94106L·10·9 | 1,458,458 | 5.66% | 18,633,672 | Sh. | 78.27 | Sole | – | Sole | – | – |
| — 16 Issuers — | — 19 Issues — | — 19 Holdings: $25,750,171,000 — | — 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 |
|
