Total number of stocks: 1000

Portfolio value: $211 B

SymbolStock%Ownership countHold Price*
BRK.B Berkshire Hathaway CL B 2.149 16 $72.29
MSFT Microsoft Corp. 2.019 24 $25.48
WFC Wells Fargo 1.471 17 $25.45
DELL Dell Inc. 1.326 12 $14.44
JEF Jefferies Group Inc. 1.255 1
GOOG Google Inc. 1.198 12 $573.39
JNJ Johnson & Johnson 1.173 16 $64.59
KO Coca Cola Co. 1.149 11 $68.38
MA Mastercard Inc. 1.093 11 $343.90
BRK.A Berkshire Hathaway CL A 1.051 11 $111307.53
PM Philip Morris Intl. 1.030 8 $72.52
SHLD Sears Holdings Corp. 0.898 3 $58.33
CSCO Cisco Systems 0.877 14 $17.47
HPQ Hewlett-Packard 0.853 12 $24.03
C Citigroup Inc. 0.805 13 $25.85
AXP American Express 0.803 10 $45.80
WMT Wal-Mart Stores 0.769 14 $56.36
BAC Bank of America Corp. 0.741 9 $5.88
PG Procter & Gamble 0.739 12 $65.38
ABT Abbott Labs 0.730 12 $53.21
AAPL Apple Inc. 0.722 10 $389.95
MLI Mueller Industries 0.720 1
NWSA News Corp. 0.697 6 $16.50
GS Goldman Sachs Group 0.675 12 $92.86
VRX Valeant Pharmaceuticals Int'l 0.658 3 $38.40
AZO AutoZone Inc. 0.638 1
XOM Exxon Mobil Corp. 0.636 12 $79.26
AIG American Int'l. Group 0.635 2 $23.30
IBM International Bus. Machines 0.629 8 $176.59
CVS CVS Caremark Corp. 0.616 9 $37.24
KFT Kraft Foods Inc. 0.585 6 $34.29
INTC Intel Corp. 0.583 12 $22.81
AON Aon Corp. 0.582 4 $43.95
USB U.S. Bancorp 0.571 10 $24.53
JCP Penney (J.C.) 0.571 4 $27.38
MMM 3M Co. 0.550 11 $79.66
PFE Pfizer Inc. 0.540 12 $20.12
GE General Electric 0.532 12 $16.75
COP ConocoPhillips 0.526 11 $69.04
ORCL Oracle Corp. 0.520 6 $26.25
BP BP plc 0.508 6 $37.69
AN AutoNation Inc. 0.503 2 $32.78
JPM JPMorgan Chase & Co. 0.493 9 $32.80
CNQ Canadian Natural Resources 0.491 4 $30.25
CHK Chesapeake Energy 0.486 5 $24.16
OMC Omnicom Group 0.468 8 $44.18
PEP PepsiCo Inc. 0.467 6 $66.27
ESV ENSCO PLC 0.439 4 $44.89
DEO Diageo plc 0.431 6 $71.94
CMCSK Comcast Corp. CL A Spl 0.418 6 $22.12
BK Bank of New York 0.410 10 $19.45
LOW Lowe's Cos. 0.410 10 $22.07
EBAY eBay Inc. 0.409 8 $30.15
COST Costco Co. 0.404 7 $82.11
LVLT Level 3 Communications Inc. 0.401 3 $1.49
MDT Medtronic Inc. 0.385 9 $38.03
FO Fortune Brands Inc. 0.382 1
BUD Anheuser-Busch InBev 0.381 6 $59.18
ZMH Zimmer Holdings 0.376 7 $53.44
TGT Target Corp. 0.369 7 $51.02
TXN Texas Instruments 0.365 6 $28.57
CL Colgate-Palmolive 0.357 6 $91.62
BDX Becton Dickinson 0.356 8 $73.92
L Loews Corp. 0.349 3 $34.55
BIP Brookfield Infrastructure Partners 0.340 1
LINTA Liberty Media Interactive 0.331 5 $15.81
ADI Analog Devices 0.325 3 $35.38
AFL AFLAC Inc. 0.321 4 $43.26
BEN Franklin Resources 0.315 3 $95.79
NSRGY Nestle 0.312 2 $57.74
BAX Baxter International Inc. 0.309 7 $52.83
FDX FedEx Corp. 0.301 7 $75.94
WSH Willis Group Holdings Plc 0.298 4 $37.15
GGP Genl Growth Properties 0.297 1
SPLS Staples Inc. 0.296 6 $13.85
DISCK Discovery Communications Inc. CL C 0.289 2 $37.70
TEL TE Connectivity 0.286 5 $30.40
GLW Corning Inc. 0.283 10 $12.86
WDC Western Digital 0.282 4 $28.93
ABH AbitibiBowater Inc. 0.281 2 $15.00
CIT CIT Group 0.279 5 $33.12
TWX Time Warner Inc. 0.278 5 $34.62
RIMM Research In Motion Ltd. 0.275 2 $19.81
AAIGF AIA Group Ltd. 0.275 1
CMCSA Comcast Corp. 0.274 6 $23.00
AMT American Tower Corp. 0.273 1
COV Covidien Plc. 0.272 5 $44.48
POT Potash Corp. of Saskatchewan Inc. 0.272 1
TRV Travelers Companies Inc. 0.271 4 $51.00
TJX TJX Companies Inc. 0.269 3 $28.09
FISV FIserv Inc. 0.268 2 $51.08
COF Capital One Financial 0.265 5 $41.28
T AT&T Inc. 0.262 5 $29.20
EMR Emerson Electric 0.260 5 $47.31
DIS Walt Disney Co. 0.259 7 $31.90
ECL Ecolab Inc. 0.257 5 $56.72
WU Western Union Co. 0.257 5 $17.41
BPO Brookfield Office Properties 0.257 1
DLTR Dollar Tree Inc. 0.253 2 $79.09
CCL Carnival Corp. 0.252 4 $32.03

* "Hold Price" is the term we use to indicate the price at which our Super Investors are happy to continue owning a security. It is the price of the security on the portfolio date (usually quarter end). It's a reasonable indicator of a stock's undervaluation at that price, otherwise it would have been sold. We only provide this value when a security is owned by at least two Super Investors. In the case of reporting dates being different, we calculate a weighted average price.