Historical Stock Holdings

Wallace Weitz - Weitz Value Fund

PeriodPortfolio ValueTop 20 holdings history (left to right)
2024   Q1$912 M META
Meta Platforms Inc.
5.33% of portfolio
 		V
Visa Inc.
5.20% of portfolio
 		GOOG
Alphabet Inc. CL C
5.18% of portfolio
 		BRK.B
Berkshire Hathaway CL B
5.07% of portfolio
 		MA
Mastercard Inc.
5.02% of portfolio
 		TMO
Thermo Fisher Scientific
4.78% of portfolio
 		DHR
Danaher Corp.
4.66% of portfolio
 		CSGP
CoStar Group Inc.
4.50% of portfolio
 		VMC
Vulcan Materials
4.49% of portfolio
 		AMZN
Amazon.com Inc.
4.45% of portfolio
 		ADI
Analog Devices
4.34% of portfolio
 		CRM
Salesforce.com
3.63% of portfolio
 		CHTR
Charter Communications
3.51% of portfolio
 		ORCL
Oracle Corp.
3.44% of portfolio
 		AON
Aon Plc
3.39% of portfolio
 		ACN
Accenture
3.04% of portfolio
 		GPN
Global Payments Inc.
2.93% of portfolio
 		EFX
Equifax Inc.
2.86% of portfolio
 		SPGI
S&P Global Inc.
2.80% of portfolio
 		KMX
CarMax Inc.
2.53% of portfolio
2023   Q4$865 M GOOG
Alphabet Inc. CL C
6.51% of portfolio
 		V
Visa Inc.
5.11% of portfolio
 		BRK.B
Berkshire Hathaway CL B
4.74% of portfolio
 		MA
Mastercard Inc.
4.68% of portfolio
 		TMO
Thermo Fisher Scientific
4.60% of portfolio
 		ADI
Analog Devices
4.59% of portfolio
 		META
Meta Platforms Inc.
4.50% of portfolio
 		DHR
Danaher Corp.
4.48% of portfolio
 		VMC
Vulcan Materials
4.33% of portfolio
 		CSGP
CoStar Group Inc.
4.29% of portfolio
 		AMZN
Amazon.com Inc.
3.95% of portfolio
 		CRM
Salesforce.com
3.80% of portfolio
 		ACN
Accenture
3.37% of portfolio
 		SPGI
S&P Global Inc.
3.18% of portfolio
 		ORCL
Oracle Corp.
3.05% of portfolio
 		IT
Gartner Inc.
2.87% of portfolio
 		EFX
Equifax Inc.
2.79% of portfolio
 		AON
Aon Plc
2.69% of portfolio
 		ROP
Roper Technologies Inc.
2.52% of portfolio
 		CHTR
Charter Communications
2.47% of portfolio
2023   Q3$806 M GOOG
Alphabet Inc. CL C
7.65% of portfolio
 		BRK.B
Berkshire Hathaway CL B
5.00% of portfolio
 		DHR
Danaher Corp.
4.85% of portfolio
 		V
Visa Inc.
4.85% of portfolio
 		TMO
Thermo Fisher Scientific
4.71% of portfolio
 		MA
Mastercard Inc.
4.67% of portfolio
 		ADI
Analog Devices
4.56% of portfolio
 		VMC
Vulcan Materials
4.32% of portfolio
 		CSGP
CoStar Group Inc.
4.29% of portfolio
 		META
Meta Platforms Inc.
4.10% of portfolio
 		IT
Gartner Inc.
3.84% of portfolio
 		AMZN
Amazon.com Inc.
3.79% of portfolio
 		ADBE
Adobe Inc.
3.64% of portfolio
 		ACN
Accenture
3.35% of portfolio
 		ROP
Roper Technologies Inc.
3.30% of portfolio
 		ORCL
Oracle Corp.
3.29% of portfolio
 		AON
Aon Plc
3.22% of portfolio
 		CRM
Salesforce.com
3.15% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
2.95% of portfolio
 		SPGI
S&P Global Inc.
2.83% of portfolio
2023   Q2$812 M GOOG
Alphabet Inc. CL C
7.37% of portfolio
 		CSGP
CoStar Group Inc.
5.48% of portfolio
 		ADI
Analog Devices
5.04% of portfolio
 		V
Visa Inc.
4.97% of portfolio
 		VMC
Vulcan Materials
4.86% of portfolio
 		BRK.B
Berkshire Hathaway CL B
4.83% of portfolio
 		MA
Mastercard Inc.
4.60% of portfolio
 		META
Meta Platforms Inc.
4.33% of portfolio
 		DHR
Danaher Corp.
4.28% of portfolio
 		TMO
Thermo Fisher Scientific
4.18% of portfolio
 		IT
Gartner Inc.
3.88% of portfolio
 		AMZN
Amazon.com Inc.
3.85% of portfolio
 		ORCL
Oracle Corp.
3.67% of portfolio
 		ADBE
Adobe Inc.
3.61% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
3.55% of portfolio
 		AON
Aon Plc
3.40% of portfolio
 		ACN
Accenture
3.34% of portfolio
 		ROP
Roper Technologies Inc.
3.26% of portfolio
 		CRM
Salesforce.com
3.25% of portfolio
 		SPGI
S&P Global Inc.
3.21% of portfolio
2023   Q1$743 M GOOG
Alphabet Inc. CL C
7.49% of portfolio
 		META
Meta Platforms Inc.
6.42% of portfolio
 		ADI
Analog Devices
5.57% of portfolio
 		V
Visa Inc.
5.16% of portfolio
 		ORCL
Oracle Corp.
5.00% of portfolio
 		BRK.B
Berkshire Hathaway CL B
4.78% of portfolio
 		TMO
Thermo Fisher Scientific
4.66% of portfolio
 		MA
Mastercard Inc.
4.65% of portfolio
 		CSGP
CoStar Group Inc.
4.63% of portfolio
 		VMC
Vulcan Materials
4.62% of portfolio
 		DHR
Danaher Corp.
4.58% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
3.96% of portfolio
 		IT
Gartner Inc.
3.95% of portfolio
 		CRM
Salesforce.com
3.76% of portfolio
 		AON
Aon Plc
3.40% of portfolio
 		ACN
Accenture
3.39% of portfolio
 		ADBE
Adobe Inc.
3.37% of portfolio
 		ROP
Roper Technologies Inc.
3.26% of portfolio
 		LH
Laboratory Corp. of America Hldgs
3.09% of portfolio
 		SPGI
S&P Global Inc.
3.02% of portfolio
2022   Q4$728 M GOOG
Alphabet Inc. CL C
6.52% of portfolio
 		CSGP
CoStar Group Inc.
5.31% of portfolio
 		DHR
Danaher Corp.
4.92% of portfolio
 		BRK.B
Berkshire Hathaway CL B
4.88% of portfolio
 		V
Visa Inc.
4.85% of portfolio
 		VMC
Vulcan Materials
4.81% of portfolio
 		MA
Mastercard Inc.
4.78% of portfolio
 		ADI
Analog Devices
4.73% of portfolio
 		TMO
Thermo Fisher Scientific
4.54% of portfolio
 		ORCL
Oracle Corp.
4.49% of portfolio
 		IT
Gartner Inc.
4.16% of portfolio
 		META
Meta Platforms Inc.
3.89% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
3.77% of portfolio
 		SCHW
Charles Schwab Corp.
3.43% of portfolio
 		LH
Laboratory Corp. of America Hldgs
3.40% of portfolio
 		LSXMK
Liberty SiriusXM Series C
3.36% of portfolio
 		AON
Aon Plc
3.30% of portfolio
 		ROP
Roper Technologies Inc.
3.27% of portfolio
 		FIS
Fidelity National Information Services
3.22% of portfolio
 		ADBE
Adobe Inc.
3.01% of portfolio
2022   Q3$691 M GOOG
Alphabet Inc. CL C
7.45% of portfolio
 		CSGP
CoStar Group Inc.
5.80% of portfolio
 		DHR
Danaher Corp.
5.42% of portfolio
 		TMO
Thermo Fisher Scientific
4.77% of portfolio
 		VMC
Vulcan Materials
4.57% of portfolio
 		ADI
Analog Devices
4.54% of portfolio
 		BRK.B
Berkshire Hathaway CL B
4.45% of portfolio
 		V
Visa Inc.
4.37% of portfolio
 		MA
Mastercard Inc.
4.32% of portfolio
 		META
Meta Platforms Inc.
3.93% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
3.85% of portfolio
 		FIS
Fidelity National Information Services
3.78% of portfolio
 		ROP
Roper Technologies Inc.
3.65% of portfolio
 		IT
Gartner Inc.
3.61% of portfolio
 		LSXMK
Liberty SiriusXM Series C
3.41% of portfolio
 		SCHW
Charles Schwab Corp.
3.38% of portfolio
 		AMZN
Amazon.com Inc.
3.27% of portfolio
 		LH
Laboratory Corp. of America Hldgs
3.19% of portfolio
 		AON
Aon Plc
3.10% of portfolio
 		ACN
Accenture
2.98% of portfolio
2022   Q2$769 M GOOG
Alphabet Inc. CL C
7.61% of portfolio
 		CSGP
CoStar Group Inc.
5.11% of portfolio
 		TMO
Thermo Fisher Scientific
4.95% of portfolio
 		DHR
Danaher Corp.
4.78% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
4.51% of portfolio
 		V
Visa Inc.
4.48% of portfolio
 		MA
Mastercard Inc.
4.31% of portfolio
 		ADI
Analog Devices
4.28% of portfolio
 		META
Meta Platforms Inc.
4.20% of portfolio
 		BRK.B
Berkshire Hathaway CL B
4.08% of portfolio
 		FIS
Fidelity National Information Services
3.99% of portfolio
 		VMC
Vulcan Materials
3.70% of portfolio
 		ROP
Roper Technologies Inc.
3.59% of portfolio
 		KMX
CarMax Inc.
3.53% of portfolio
 		LH
Laboratory Corp. of America Hldgs
3.51% of portfolio
 		SPGI
S&P Global Inc.
3.07% of portfolio
 		ORCL
Oracle Corp.
2.95% of portfolio
 		LSXMK
Liberty SiriusXM Series C
2.93% of portfolio
 		ACN
Accenture
2.89% of portfolio
 		ADBE
Adobe Inc.
2.86% of portfolio
2022   Q1$930 M GOOG
Alphabet Inc. CL C
8.11% of portfolio
 		BRK.B
Berkshire Hathaway CL B
4.74% of portfolio
 		CSGP
CoStar Group Inc.
4.66% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
4.66% of portfolio
 		TMO
Thermo Fisher Scientific
4.45% of portfolio
 		DHR
Danaher Corp.
4.42% of portfolio
 		META
Meta Platforms Inc.
4.42% of portfolio
 		MA
Mastercard Inc.
4.42% of portfolio
 		V
Visa Inc.
4.41% of portfolio
 		VMC
Vulcan Materials
3.95% of portfolio
 		ADI
Analog Devices
3.73% of portfolio
 		ROP
Roper Technologies Inc.
3.55% of portfolio
 		LH
Laboratory Corp. of America Hldgs
3.54% of portfolio
 		FIS
Fidelity National Information Services
3.40% of portfolio
 		AZO
AutoZone Inc.
3.30% of portfolio
 		AON
Aon Plc
3.15% of portfolio
 		LSXMK
Liberty SiriusXM Series C
3.07% of portfolio
 		SPGI
S&P Global Inc.
2.98% of portfolio
 		AMZN
Amazon.com Inc.
2.98% of portfolio
 		SCHW
Charles Schwab Corp.
2.95% of portfolio
2021   Q4$1.02 B GOOG
Alphabet Inc. CL C
7.65% of portfolio
 		META
Meta Platforms Inc.
4.94% of portfolio
 		BRK.B
Berkshire Hathaway CL B
4.83% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
4.73% of portfolio
 		SCHW
Charles Schwab Corp.
4.73% of portfolio
 		TMO
Thermo Fisher Scientific
4.57% of portfolio
 		DHR
Danaher Corp.
4.51% of portfolio
 		CSGP
CoStar Group Inc.
4.06% of portfolio
 		VMC
Vulcan Materials
4.06% of portfolio
 		MA
Mastercard Inc.
4.04% of portfolio
 		V
Visa Inc.
3.92% of portfolio
 		LH
Laboratory Corp. of America Hldgs
3.84% of portfolio
 		AON
Aon Plc
3.71% of portfolio
 		ADI
Analog Devices
3.61% of portfolio
 		AZO
AutoZone Inc.
3.59% of portfolio
 		FIS
Fidelity National Information Services
3.37% of portfolio
 		ACN
Accenture
3.25% of portfolio
 		LSXMK
Liberty SiriusXM Series C
3.24% of portfolio
 		CRM
Salesforce.com
2.98% of portfolio
 		SPGI
S&P Global Inc.
2.89% of portfolio
2021   Q3$979 M GOOG
Alphabet Inc. CL C
7.63% of portfolio
 		AON
Aon Plc
5.47% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
4.94% of portfolio
 		META
Meta Platforms Inc.
4.85% of portfolio
 		BRK.B
Berkshire Hathaway CL B
4.60% of portfolio
 		SCHW
Charles Schwab Corp.
4.47% of portfolio
 		TMO
Thermo Fisher Scientific
4.38% of portfolio
 		DHR
Danaher Corp.
4.35% of portfolio
 		V
Visa Inc.
4.10% of portfolio
 		CSGP
CoStar Group Inc.
3.96% of portfolio
 		MA
Mastercard Inc.
3.73% of portfolio
 		ADI
Analog Devices
3.59% of portfolio
 		LH
Laboratory Corp. of America Hldgs
3.59% of portfolio
 		VMC
Vulcan Materials
3.54% of portfolio
 		CRM
Salesforce.com
3.33% of portfolio
 		LSXMK
Liberty SiriusXM Series C
3.15% of portfolio
 		AZO
AutoZone Inc.
3.04% of portfolio
 		FIS
Fidelity National Information Services
2.98% of portfolio
 		ACN
Accenture
2.94% of portfolio
 		KMX
CarMax Inc.
2.94% of portfolio
2021   Q2$953 M GOOG
Alphabet Inc. CL C
7.36% of portfolio
 		META
Meta Platforms Inc.
5.11% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
5.10% of portfolio
 		AON
Aon Plc
5.01% of portfolio
 		BRK.B
Berkshire Hathaway CL B
4.81% of portfolio
 		SCHW
Charles Schwab Corp.
4.58% of portfolio
 		DHR
Danaher Corp.
4.22% of portfolio
 		V
Visa Inc.
4.17% of portfolio
 		TMO
Thermo Fisher Scientific
3.97% of portfolio
 		MA
Mastercard Inc.
3.83% of portfolio
 		ADI
Analog Devices
3.79% of portfolio
 		VMC
Vulcan Materials
3.74% of portfolio
 		CSGP
CoStar Group Inc.
3.65% of portfolio
 		LH
Laboratory Corp. of America Hldgs
3.62% of portfolio
 		FIS
Fidelity National Information Services
3.57% of portfolio
 		LSXMK
Liberty SiriusXM Series C
3.16% of portfolio
 		CRM
Salesforce.com
3.07% of portfolio
 		AMZN
Amazon.com Inc.
3.07% of portfolio
 		KMX
CarMax Inc.
3.05% of portfolio
 		CMCSA
Comcast Corp.
2.99% of portfolio
2021   Q1$902 M GOOG
Alphabet Inc. CL C
6.88% of portfolio
 		BRK.B
Berkshire Hathaway CL B
5.67% of portfolio
 		AON
Aon Plc
5.10% of portfolio
 		SCHW
Charles Schwab Corp.
4.91% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
4.66% of portfolio
 		META
Meta Platforms Inc.
4.57% of portfolio
 		LH
Laboratory Corp. of America Hldgs
4.24% of portfolio
 		VMC
Vulcan Materials
4.12% of portfolio
 		V
Visa Inc.
3.99% of portfolio
 		MA
Mastercard Inc.
3.95% of portfolio
 		FIS
Fidelity National Information Services
3.90% of portfolio
 		ORCL
Oracle Corp.
3.89% of portfolio
 		ADI
Analog Devices
3.87% of portfolio
 		TMO
Thermo Fisher Scientific
3.80% of portfolio
 		DHR
Danaher Corp.
3.74% of portfolio
 		KMX
CarMax Inc.
3.68% of portfolio
 		LSXMK
Liberty SiriusXM Series C
3.42% of portfolio
 		CSGP
CoStar Group Inc.
3.42% of portfolio
 		CMCSA
Comcast Corp.
3.30% of portfolio
 		AMZN
Amazon.com Inc.
2.92% of portfolio
2020   Q4$848 M GOOG
Alphabet Inc. CL C
6.20% of portfolio
 		BRK.B
Berkshire Hathaway CL B
5.47% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
5.23% of portfolio
 		SCHW
Charles Schwab Corp.
4.85% of portfolio
 		V
Visa Inc.
4.38% of portfolio
 		AON
Aon Plc
4.36% of portfolio
 		MA
Mastercard Inc.
4.21% of portfolio
 		ADI
Analog Devices
4.09% of portfolio
 		DHR
Danaher Corp.
4.06% of portfolio
 		TMO
Thermo Fisher Scientific
4.01% of portfolio
 		VMC
Vulcan Materials
3.98% of portfolio
 		LH
Laboratory Corp. of America Hldgs
3.96% of portfolio
 		CSGP
CoStar Group Inc.
3.81% of portfolio
 		ORCL
Oracle Corp.
3.81% of portfolio
 		META
Meta Platforms Inc.
3.77% of portfolio
 		LSXMK
Liberty SiriusXM Series C
3.59% of portfolio
 		FIS
Fidelity National Information Services
3.50% of portfolio
 		CMCSA
Comcast Corp.
3.40% of portfolio
 		KMX
CarMax Inc.
3.40% of portfolio
 		AMZN
Amazon.com Inc.
3.26% of portfolio
2020   Q3$785 M BRK.B
Berkshire Hathaway CL B
5.83% of portfolio
 		GOOG
Alphabet Inc. CL C
5.61% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
5.09% of portfolio
 		DHR
Danaher Corp.
4.80% of portfolio
 		TMO
Thermo Fisher Scientific
4.78% of portfolio
 		V
Visa Inc.
4.33% of portfolio
 		MA
Mastercard Inc.
4.31% of portfolio
 		AON
Aon Plc
4.20% of portfolio
 		VMC
Vulcan Materials
4.14% of portfolio
 		LH
Laboratory Corp. of America Hldgs
3.96% of portfolio
 		SCHW
Charles Schwab Corp.
3.92% of portfolio
 		META
Meta Platforms Inc.
3.90% of portfolio
 		CRM
Salesforce.com
3.84% of portfolio
 		ORCL
Oracle Corp.
3.80% of portfolio
 		CSGP
CoStar Group Inc.
3.78% of portfolio
 		FIS
Fidelity National Information Services
3.75% of portfolio
 		ADI
Analog Devices
3.72% of portfolio
 		AMZN
Amazon.com Inc.
3.41% of portfolio
 		CMCSA
Comcast Corp.
3.24% of portfolio
 		LSXMK
Liberty SiriusXM Series C
2.95% of portfolio
2020   Q2$729 M GOOG
Alphabet Inc. CL C
7.76% of portfolio
 		BRK.B
Berkshire Hathaway CL B
6.49% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
6.21% of portfolio
 		META
Meta Platforms Inc.
4.99% of portfolio
 		TMO
Thermo Fisher Scientific
4.97% of portfolio
 		V
Visa Inc.
4.51% of portfolio
 		DHR
Danaher Corp.
4.49% of portfolio
 		MA
Mastercard Inc.
4.26% of portfolio
 		AON
Aon Plc
4.23% of portfolio
 		ADI
Analog Devices
4.21% of portfolio
 		ORCL
Oracle Corp.
3.98% of portfolio
 		VMC
Vulcan Materials
3.82% of portfolio
 		SCHW
Charles Schwab Corp.
3.70% of portfolio
 		CRM
Salesforce.com
3.60% of portfolio
 		LH
Laboratory Corp. of America Hldgs
3.42% of portfolio
 		CSGP
CoStar Group Inc.
3.41% of portfolio
 		AMZN
Amazon.com Inc.
3.41% of portfolio
 		JPM
JPMorgan Chase & Co.
3.10% of portfolio
 		CMCSA
Comcast Corp.
3.00% of portfolio
 		LIN
Linde plc
2.91% of portfolio
2020   Q1$631 M BRK.B
Berkshire Hathaway CL B
7.68% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
7.37% of portfolio
 		GOOG
Alphabet Inc. CL C
7.37% of portfolio
 		TMO
Thermo Fisher Scientific
4.50% of portfolio
 		META
Meta Platforms Inc.
4.36% of portfolio
 		V
Visa Inc.
4.34% of portfolio
 		ORCL
Oracle Corp.
4.21% of portfolio
 		JPM
JPMorgan Chase & Co.
4.14% of portfolio
 		DHR
Danaher Corp.
4.06% of portfolio
 		MA
Mastercard Inc.
4.02% of portfolio
 		AON
Aon Plc
3.92% of portfolio
 		VMC
Vulcan Materials
3.85% of portfolio
 		LH
Laboratory Corp. of America Hldgs
3.76% of portfolio
 		ADI
Analog Devices
3.55% of portfolio
 		AMZN
Amazon.com Inc.
3.55% of portfolio
 		CRM
Salesforce.com
3.20% of portfolio
 		SCHW
Charles Schwab Corp.
3.06% of portfolio
 		CMCSA
Comcast Corp.
3.05% of portfolio
 		LSXMK
Liberty SiriusXM Series C
2.88% of portfolio
 		CSGP
CoStar Group Inc.
2.79% of portfolio
2019   Q4$815 M LBRDK
Liberty Broadband Corp. CL C
7.72% of portfolio
 		BRK.B
Berkshire Hathaway CL B
7.65% of portfolio
 		GOOG
Alphabet Inc. CL C
6.89% of portfolio
 		BKNG
Booking Holdings Inc.
4.54% of portfolio
 		META
Meta Platforms Inc.
4.53% of portfolio
 		LH
Laboratory Corp. of America Hldgs
4.05% of portfolio
 		V
Visa Inc.
4.04% of portfolio
 		TMO
Thermo Fisher Scientific
3.99% of portfolio
 		LIN
Linde plc
3.92% of portfolio
 		JPM
JPMorgan Chase & Co.
3.85% of portfolio
 		MA
Mastercard Inc.
3.85% of portfolio
 		ADI
Analog Devices
3.65% of portfolio
 		SCHW
Charles Schwab Corp.
3.65% of portfolio
 		AON
Aon Plc
3.58% of portfolio
 		DHR
Danaher Corp.
3.49% of portfolio
 		LSXMK
Liberty SiriusXM Series C
3.40% of portfolio
 		VMC
Vulcan Materials
3.27% of portfolio
 		ORCL
Oracle Corp.
3.25% of portfolio
 		CMCSA
Comcast Corp.
3.09% of portfolio
 		KMX
CarMax Inc.
2.80% of portfolio
2019   Q3$779 M BRK.B
Berkshire Hathaway CL B
7.35% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
7.12% of portfolio
 		GOOG
Alphabet Inc. CL C
6.81% of portfolio
 		BKNG
Booking Holdings Inc.
4.54% of portfolio
 		LH
Laboratory Corp. of America Hldgs
4.42% of portfolio
 		MA
Mastercard Inc.
4.36% of portfolio
 		V
Visa Inc.
4.25% of portfolio
 		META
Meta Platforms Inc.
4.12% of portfolio
 		TMO
Thermo Fisher Scientific
3.74% of portfolio
 		LIN
Linde plc
3.73% of portfolio
 		ORCL
Oracle Corp.
3.53% of portfolio
 		ADI
Analog Devices
3.44% of portfolio
 		DHR
Danaher Corp.
3.43% of portfolio
 		VMC
Vulcan Materials
3.40% of portfolio
 		JPM
JPMorgan Chase & Co.
3.40% of portfolio
 		KMX
CarMax Inc.
3.39% of portfolio
 		SCHW
Charles Schwab Corp.
3.36% of portfolio
 		DLTR
Dollar Tree Inc.
3.30% of portfolio
 		CMCSA
Comcast Corp.
3.24% of portfolio
 		AON
Aon Plc
3.23% of portfolio
2019   Q2$783 M BRK.B
Berkshire Hathaway CL B
7.49% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
7.32% of portfolio
 		GOOG
Alphabet Inc. CL C
6.28% of portfolio
 		LH
Laboratory Corp. of America Hldgs
4.86% of portfolio
 		MA
Mastercard Inc.
4.56% of portfolio
 		META
Meta Platforms Inc.
4.44% of portfolio
 		V
Visa Inc.
4.43% of portfolio
 		BKNG
Booking Holdings Inc.
4.31% of portfolio
 		KMX
CarMax Inc.
3.88% of portfolio
 		LIN
Linde plc
3.85% of portfolio
 		TMO
Thermo Fisher Scientific
3.75% of portfolio
 		ADI
Analog Devices
3.46% of portfolio
 		ORCL
Oracle Corp.
3.46% of portfolio
 		DHR
Danaher Corp.
3.38% of portfolio
 		JPM
JPMorgan Chase & Co.
3.21% of portfolio
 		AON
Aon Plc
3.20% of portfolio
 		TDG
TransDigm Group Inc.
3.09% of portfolio
 		CMCSA
Comcast Corp.
3.08% of portfolio
 		VMC
Vulcan Materials
3.07% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.05% of portfolio
2019   Q1$734 M BRK.B
Berkshire Hathaway CL B
7.25% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
7.19% of portfolio
 		GOOG
Alphabet Inc. CL C
6.39% of portfolio
 		LH
Laboratory Corp. of America Hldgs
5.21% of portfolio
 		V
Visa Inc.
4.36% of portfolio
 		MA
Mastercard Inc.
4.33% of portfolio
 		BKNG
Booking Holdings Inc.
4.16% of portfolio
 		META
Meta Platforms Inc.
4.09% of portfolio
 		KMX
CarMax Inc.
4.04% of portfolio
 		DLTR
Dollar Tree Inc.
3.94% of portfolio
 		LIN
Linde plc
3.72% of portfolio
 		TMO
Thermo Fisher Scientific
3.54% of portfolio
 		ORCL
Oracle Corp.
3.48% of portfolio
 		ADI
Analog Devices
3.44% of portfolio
 		DHR
Danaher Corp.
3.33% of portfolio
 		SCHW
Charles Schwab Corp.
3.15% of portfolio
 		LSXMK
Liberty SiriusXM Series C
3.13% of portfolio
 		CMCSA
Comcast Corp.
3.10% of portfolio
 		JPM
JPMorgan Chase & Co.
3.10% of portfolio
 		TDG
TransDigm Group Inc.
3.09% of portfolio
2018   Q4$652 M BRK.B
Berkshire Hathaway CL B
8.30% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
7.40% of portfolio
 		GOOG
Alphabet Inc. CL C
6.35% of portfolio
 		ORCL
Oracle Corp.
4.95% of portfolio
 		LH
Laboratory Corp. of America Hldgs
4.84% of portfolio
 		DLTR
Dollar Tree Inc.
4.50% of portfolio
 		V
Visa Inc.
4.25% of portfolio
 		MA
Mastercard Inc.
4.05% of portfolio
 		LIN
Linde plc
3.71% of portfolio
 		META
Meta Platforms Inc.
3.62% of portfolio
 		AGN
Allergan Plc
3.38% of portfolio
 		SCHW
Charles Schwab Corp.
3.34% of portfolio
 		KMX
CarMax Inc.
3.32% of portfolio
 		TMO
Thermo Fisher Scientific
3.26% of portfolio
 		CMCSA
Comcast Corp.
3.24% of portfolio
 		AON
Aon Plc
3.12% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.01% of portfolio
 		ADI
Analog Devices
2.96% of portfolio
 		DEO
Diageo ADR
2.50% of portfolio
 		DHR
Danaher Corp.
2.45% of portfolio
2018   Q3$739 M BRK.B
Berkshire Hathaway CL B
8.69% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
7.41% of portfolio
 		GOOG
Alphabet Inc. CL C
6.13% of portfolio
 		AGN
Allergan Plc
5.41% of portfolio
 		LH
Laboratory Corp. of America Hldgs
5.05% of portfolio
 		ORCL
Oracle Corp.
4.99% of portfolio
 		V
Visa Inc.
4.26% of portfolio
 		MA
Mastercard Inc.
4.21% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.62% of portfolio
 		DLTR
Dollar Tree Inc.
3.58% of portfolio
 		AON
Aon Plc
3.43% of portfolio
 		TMO
Thermo Fisher Scientific
3.43% of portfolio
 		PX
Praxair Inc.
3.37% of portfolio
 		META
Meta Platforms Inc.
3.34% of portfolio
 		CMCSA
Comcast Corp.
2.97% of portfolio
 		KMX
CarMax Inc.
2.58% of portfolio
 		DEO
Diageo ADR
2.20% of portfolio
 		SCHW
Charles Schwab Corp.
2.19% of portfolio
 		ACN
Accenture
2.19% of portfolio
 		AMZN
Amazon.com Inc.
2.17% of portfolio
2018   Q2$706 M BRK.B
Berkshire Hathaway CL B
9.51% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
6.97% of portfolio
 		AGN
Allergan Plc
6.61% of portfolio
 		GOOG
Alphabet Inc. CL C
6.00% of portfolio
 		LH
Laboratory Corp. of America Hldgs
5.46% of portfolio
 		MA
Mastercard Inc.
4.87% of portfolio
 		ORCL
Oracle Corp.
4.46% of portfolio
 		V
Visa Inc.
3.94% of portfolio
 		DLTR
Dollar Tree Inc.
3.91% of portfolio
 		META
Meta Platforms Inc.
3.71% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.58% of portfolio
 		PX
Praxair Inc.
3.47% of portfolio
 		TMO
Thermo Fisher Scientific
3.46% of portfolio
 		AON
Aon Plc
3.20% of portfolio
 		CMCSA
Comcast Corp.
2.88% of portfolio
 		AMZN
Amazon.com Inc.
2.77% of portfolio
 		KMX
CarMax Inc.
2.63% of portfolio
 		ACN
Accenture
2.43% of portfolio
 		DEO
Diageo ADR
2.34% of portfolio
 		WFC
Wells Fargo
2.31% of portfolio
2018   Q1$686 M BRK.B
Berkshire Hathaway CL B
10.47% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
8.12% of portfolio
 		AGN
Allergan Plc
6.87% of portfolio
 		GOOG
Alphabet Inc. CL C
5.72% of portfolio
 		LH
Laboratory Corp. of America Hldgs
5.47% of portfolio
 		MA
Mastercard Inc.
5.11% of portfolio
 		ORCL
Oracle Corp.
4.57% of portfolio
 		LBTYK
Liberty Global Ltd CL C
4.21% of portfolio
 		DLTR
Dollar Tree Inc.
3.80% of portfolio
 		V
Visa Inc.
3.66% of portfolio
 		TMO
Thermo Fisher Scientific
3.55% of portfolio
 		AON
Aon Plc
3.38% of portfolio
 		PX
Praxair Inc.
3.26% of portfolio
 		MON-OLD
Monsanto Co.
2.98% of portfolio
 		LSXMK
Liberty SiriusXM Series C
2.74% of portfolio
 		CMCSA
Comcast Corp.
2.74% of portfolio
 		AMZN
Amazon.com Inc.
2.43% of portfolio
 		FOXA
Fox Corporation
2.41% of portfolio
 		ACN
Accenture
2.35% of portfolio
 		META
Meta Platforms Inc.
2.33% of portfolio
2017   Q4$702 M BRK.B
Berkshire Hathaway CL B
10.16% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
7.88% of portfolio
 		AGN
Allergan Plc
6.52% of portfolio
 		LBTYK
Liberty Global Ltd CL C
6.00% of portfolio
 		GOOG
Alphabet Inc. CL C
5.66% of portfolio
 		LH
Laboratory Corp. of America Hldgs
5.27% of portfolio
 		MA
Mastercard Inc.
4.63% of portfolio
 		FOXA
Fox Corporation
4.43% of portfolio
 		ORCL
Oracle Corp.
4.28% of portfolio
 		PX
Praxair Inc.
3.97% of portfolio
 		V
Visa Inc.
3.49% of portfolio
 		DLTR
Dollar Tree Inc.
3.44% of portfolio
 		TMO
Thermo Fisher Scientific
3.19% of portfolio
 		AON
Aon Plc
3.15% of portfolio
 		CMCSA
Comcast Corp.
3.14% of portfolio
 		MON-OLD
Monsanto Co.
2.91% of portfolio
 		LSXMK
Liberty SiriusXM Series C
2.60% of portfolio
 		WFC
Wells Fargo
2.55% of portfolio
 		DEO
Diageo ADR
2.39% of portfolio
 		ACN
Accenture
2.29% of portfolio
2017   Q3$699 M BRK.B
Berkshire Hathaway CL B
9.44% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
8.86% of portfolio
 		LBTYK
Liberty Global Ltd CL C
5.82% of portfolio
 		GOOG
Alphabet Inc. CL C
5.29% of portfolio
 		AGN
Allergan Plc
5.28% of portfolio
 		LH
Laboratory Corp. of America Hldgs
5.01% of portfolio
 		MA
Mastercard Inc.
4.95% of portfolio
 		ORCL
Oracle Corp.
4.39% of portfolio
 		FOXA
Fox Corporation
3.89% of portfolio
 		PX
Praxair Inc.
3.60% of portfolio
 		AON
Aon Plc
3.45% of portfolio
 		DLTR
Dollar Tree Inc.
3.42% of portfolio
 		V
Visa Inc.
3.24% of portfolio
 		TMO
Thermo Fisher Scientific
3.19% of portfolio
 		CMCSA
Comcast Corp.
3.03% of portfolio
 		MON-OLD
Monsanto Co.
3.00% of portfolio
 		ACN
Accenture
2.90% of portfolio
 		LSXMK
Liberty SiriusXM Series C
2.75% of portfolio
 		UPS
United Parcel Service
2.49% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
2.43% of portfolio
2017   Q2$681 M LBRDK
Liberty Broadband Corp. CL C
9.23% of portfolio
 		BRK.B
Berkshire Hathaway CL B
8.95% of portfolio
 		AGN
Allergan Plc
6.64% of portfolio
 		LBTYK
Liberty Global Ltd CL C
6.27% of portfolio
 		LH
Laboratory Corp. of America Hldgs
5.25% of portfolio
 		GOOG
Alphabet Inc. CL C
5.14% of portfolio
 		MA
Mastercard Inc.
4.96% of portfolio
 		ORCL
Oracle Corp.
4.67% of portfolio
 		FOXA
Fox Corporation
4.29% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
3.60% of portfolio
 		AON
Aon Plc
3.51% of portfolio
 		PX
Praxair Inc.
3.50% of portfolio
 		CMCSA
Comcast Corp.
3.14% of portfolio
 		DLTR
Dollar Tree Inc.
3.08% of portfolio
 		MON-OLD
Monsanto Co.
3.04% of portfolio
 		TMO
Thermo Fisher Scientific
3.02% of portfolio
 		V
Visa Inc.
2.96% of portfolio
 		LSXMK
Liberty SiriusXM Series C
2.82% of portfolio
 		ACN
Accenture
2.72% of portfolio
 		WFC
Wells Fargo
2.40% of portfolio
2017   Q1$683 M LBRDK
Liberty Broadband Corp. CL C
9.17% of portfolio
 		BRK.B
Berkshire Hathaway CL B
8.78% of portfolio
 		LBTYK
Liberty Global Ltd CL C
7.03% of portfolio
 		AGN
Allergan Plc
6.50% of portfolio
 		FOXA
Fox Corporation
4.88% of portfolio
 		GOOG
Alphabet Inc. CL C
4.68% of portfolio
 		MA
Mastercard Inc.
4.58% of portfolio
 		LH
Laboratory Corp. of America Hldgs
4.51% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
4.15% of portfolio
 		ORCL
Oracle Corp.
4.15% of portfolio
 		AON
Aon Plc
3.89% of portfolio
 		PX
Praxair Inc.
3.12% of portfolio
 		CMCSA
Comcast Corp.
3.03% of portfolio
 		MON-OLD
Monsanto Co.
2.90% of portfolio
 		V
Visa Inc.
2.80% of portfolio
 		TMO
Thermo Fisher Scientific
2.65% of portfolio
 		ACN
Accenture
2.63% of portfolio
 		LSXMK
Liberty SiriusXM Series C
2.61% of portfolio
 		WBD
Warner Bros. Discovery Inc.
2.47% of portfolio
 		WFC
Wells Fargo
2.40% of portfolio
2016   Q4$679 M BRK.B
Berkshire Hathaway CL B
8.64% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
7.91% of portfolio
 		AGN
Allergan Plc
7.42% of portfolio
 		FOXA
Fox Corporation
6.07% of portfolio
 		LBTYK
Liberty Global Ltd CL C
5.99% of portfolio
 		GOOG
Alphabet Inc. CL C
4.38% of portfolio
 		MA
Mastercard Inc.
4.23% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
4.16% of portfolio
 		LH
Laboratory Corp. of America Hldgs
4.07% of portfolio
 		AON
Aon Plc
3.68% of portfolio
 		ORCL
Oracle Corp.
3.60% of portfolio
 		LSXMK
Liberty SiriusXM Series C
3.25% of portfolio
 		PX
Praxair Inc.
3.11% of portfolio
 		CMCSA
Comcast Corp.
2.80% of portfolio
 		MON-OLD
Monsanto Co.
2.71% of portfolio
 		WBD
Warner Bros. Discovery Inc.
2.66% of portfolio
 		ACN
Accenture
2.59% of portfolio
 		V
Visa Inc.
2.47% of portfolio
 		TMO
Thermo Fisher Scientific
2.45% of portfolio
 		UPS
United Parcel Service
2.45% of portfolio
2016   Q3$713 M BRK.B
Berkshire Hathaway CL B
7.91% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
7.27% of portfolio
 		AGN
Allergan Plc
7.18% of portfolio
 		FOXA
Fox Corporation
6.66% of portfolio
 		LBTYK
Liberty Global Ltd CL C
6.35% of portfolio
 		LSXMK
Liberty SiriusXM Series C
4.83% of portfolio
 		GOOG
Alphabet Inc. CL C
4.21% of portfolio
 		MA
Mastercard Inc.
3.97% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
3.97% of portfolio
 		AON
Aon Plc
3.87% of portfolio
 		LH
Laboratory Corp. of America Hldgs
3.86% of portfolio
 		ESRX
Express Scripts
3.76% of portfolio
 		ORCL
Oracle Corp.
3.23% of portfolio
 		PX
Praxair Inc.
3.05% of portfolio
 		ACN
Accenture
2.90% of portfolio
 		UPS
United Parcel Service
2.84% of portfolio
 		MON-OLD
Monsanto Co.
2.58% of portfolio
 		CMCSA
Comcast Corp.
2.56% of portfolio
 		WBD
Warner Bros. Discovery Inc.
2.49% of portfolio
 		MSI
Motorola Solutions Inc.
2.46% of portfolio
2016   Q2$707 M BRK.B
Berkshire Hathaway CL B
8.50% of portfolio
 		FOXA
Fox Corporation
7.50% of portfolio
 		AGN
Allergan Plc
7.26% of portfolio
 		LBTYK
Liberty Global Ltd CL C
5.86% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
5.86% of portfolio
 		LSXMK
Liberty SiriusXM Series C
5.02% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
4.67% of portfolio
 		AON
Aon Plc
4.14% of portfolio
 		ESRX
Express Scripts
4.08% of portfolio
 		GOOG
Alphabet Inc. CL C
3.78% of portfolio
 		LH
Laboratory Corp. of America Hldgs
3.69% of portfolio
 		MSI
Motorola Solutions Inc.
3.41% of portfolio
 		MA
Mastercard Inc.
3.08% of portfolio
 		UPS
United Parcel Service
3.00% of portfolio
 		DISCA-OLD
Discovery Inc. OLD
2.89% of portfolio
 		PX
Praxair Inc.
2.86% of portfolio
 		TDG
TransDigm Group Inc.
2.80% of portfolio
 		ACN
Accenture
2.71% of portfolio
 		MON-OLD
Monsanto Co.
2.63% of portfolio
 		CMCSA
Comcast Corp.
2.54% of portfolio
2016   Q1$759 M BRK.B
Berkshire Hathaway CL B
7.75% of portfolio
 		FOXA
Fox Corporation
7.41% of portfolio
 		LBTYK
Liberty Global Ltd CL C
7.15% of portfolio
 		FWONK
Liberty Media Corp Formula One Series C
5.77% of portfolio
 		AGN
Allergan Plc
4.80% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
4.50% of portfolio
 		MSI
Motorola Solutions Inc.
4.49% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
4.32% of portfolio
 		AON
Aon Plc
4.04% of portfolio
 		GOOG
Alphabet Inc. CL C
3.78% of portfolio
 		RRC
Range Resources Corp.
3.50% of portfolio
 		ESRX
Express Scripts
3.44% of portfolio
 		DISCA-OLD
Discovery Inc. OLD
3.39% of portfolio
 		MA
Mastercard Inc.
3.07% of portfolio
 		UPS
United Parcel Service
2.74% of portfolio
 		PX
Praxair Inc.
2.71% of portfolio
 		OMC
Omnicom Group
2.59% of portfolio
 		ACN
Accenture
2.57% of portfolio
 		LH
Laboratory Corp. of America Hldgs
2.54% of portfolio
 		PXD
Pioneer Natural Resources
2.46% of portfolio
2015   Q4$762 M LBTYK
Liberty Global Ltd CL C
8.26% of portfolio
 		BRK.B
Berkshire Hathaway CL B
6.50% of portfolio
 		FOX
Fox Corporation CL B
6.25% of portfolio
 		FWONK
Liberty Media Corp Formula One Series C
5.75% of portfolio
 		MON-OLD
Monsanto Co.
4.78% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
4.66% of portfolio
 		AGN
Allergan Plc
4.43% of portfolio
 		ESRX
Express Scripts
4.36% of portfolio
 		DISCA-OLD
Discovery Inc. OLD
4.06% of portfolio
 		PCP
Precision Castparts
4.05% of portfolio
 		MSI
Motorola Solutions Inc.
4.04% of portfolio
 		RRC
Range Resources Corp.
3.87% of portfolio
 		GOOG
Alphabet Inc. CL C
3.84% of portfolio
 		AON
Aon Plc
3.56% of portfolio
 		ENDP
Endo International plc
3.44% of portfolio
 		TDG
TransDigm Group Inc.
3.30% of portfolio
 		OMC
Omnicom Group
2.59% of portfolio
 		ACN
Accenture
2.57% of portfolio
 		EOG
EOG Resources
2.51% of portfolio
 		UPS
United Parcel Service
2.49% of portfolio
2015   Q3$820 M LBTYK
Liberty Global Ltd CL C
7.73% of portfolio
 		BRK.B
Berkshire Hathaway CL B
5.96% of portfolio
 		FOX
Fox Corporation CL B
5.78% of portfolio
 		BHC
Bausch Health
5.48% of portfolio
 		FWONK
Liberty Media Corp Formula One Series C
4.83% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
4.16% of portfolio
 		PCP
Precision Castparts
4.06% of portfolio
 		MSI
Motorola Solutions Inc.
4.06% of portfolio
 		MON-OLD
Monsanto Co.
3.85% of portfolio
 		ESRX
Express Scripts
3.75% of portfolio
 		DISCA-OLD
Discovery Inc. OLD
3.68% of portfolio
 		TDG
TransDigm Group Inc.
3.50% of portfolio
 		AGN
Allergan Plc
3.35% of portfolio
 		RRC
Range Resources Corp.
3.29% of portfolio
 		AON
Aon Plc
3.18% of portfolio
 		ENDP
Endo International plc
3.13% of portfolio
 		GOOG
Alphabet Inc. CL C
2.86% of portfolio
 		ORCL
Oracle Corp.
2.80% of portfolio
 		UPS
United Parcel Service
2.59% of portfolio
 		PXD
Pioneer Natural Resources
2.49% of portfolio
2015   Q2$887 M LBTYK
Liberty Global Ltd CL C
8.82% of portfolio
 		BHC
Bausch Health
7.26% of portfolio
 		BRK.B
Berkshire Hathaway CL B
5.75% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
4.82% of portfolio
 		ESRX
Express Scripts
4.31% of portfolio
 		RRC
Range Resources Corp.
4.31% of portfolio
 		WBD
Warner Bros. Discovery Inc.
4.06% of portfolio
 		FWONK
Liberty Media Corp Formula One Series C
3.89% of portfolio
 		FOXA
Fox Corporation
3.58% of portfolio
 		TDG
TransDigm Group Inc.
3.42% of portfolio
 		ENDP
Endo International plc
3.32% of portfolio
 		AON
Aon Plc
3.30% of portfolio
 		PCP
Precision Castparts
3.27% of portfolio
 		PXD
Pioneer Natural Resources
3.27% of portfolio
 		MSI
Motorola Solutions Inc.
3.15% of portfolio
 		ORCL
Oracle Corp.
2.89% of portfolio
 		FOX
Fox Corporation CL B
2.72% of portfolio
 		MON-OLD
Monsanto Co.
2.52% of portfolio
 		MLM
Martin Marietta
2.47% of portfolio
 		UPS
United Parcel Service
2.35% of portfolio
2015   Q1$912 M LBTYK
Liberty Global Ltd CL C
8.44% of portfolio
 		BHC
Bausch Health
7.37% of portfolio
 		BRK.B
Berkshire Hathaway CL B
5.93% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
4.93% of portfolio
 		RRC
Range Resources Corp.
4.68% of portfolio
 		ESRX
Express Scripts
4.47% of portfolio
 		PXD
Pioneer Natural Resources
4.03% of portfolio
 		FWONK
Liberty Media Corp Formula One Series C
4.02% of portfolio
 		ENDP
Endo International plc
3.93% of portfolio
 		WBD
Warner Bros. Discovery Inc.
3.75% of portfolio
 		FOXA
Fox Corporation
3.62% of portfolio
 		CTRX
Catamaran Corp.
3.43% of portfolio
 		PCP
Precision Castparts
3.34% of portfolio
 		AON
Aon Plc
3.32% of portfolio
 		TDG
TransDigm Group Inc.
3.24% of portfolio
 		ORCL
Oracle Corp.
3.00% of portfolio
 		MSI
Motorola Solutions Inc.
2.63% of portfolio
 		WFC
Wells Fargo
2.47% of portfolio
 		MLM
Martin Marietta
2.38% of portfolio
 		UPS
United Parcel Service
2.28% of portfolio
2014   Q4$934 M LBTYK
Liberty Global Ltd CL C
7.99% of portfolio
 		BHC
Bausch Health
7.81% of portfolio
 		BRK.B
Berkshire Hathaway CL B
6.59% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
5.43% of portfolio
 		ESRX
Express Scripts
5.12% of portfolio
 		RRC
Range Resources Corp.
4.69% of portfolio
 		FOXA
Fox Corporation
4.01% of portfolio
 		FWONK
Liberty Media Corp Formula One Series C
3.60% of portfolio
 		PXD
Pioneer Natural Resources
3.59% of portfolio
 		WBD
Warner Bros. Discovery Inc.
3.43% of portfolio
 		AON
Aon Plc
3.20% of portfolio
 		TDG
TransDigm Group Inc.
3.15% of portfolio
 		ENDP
Endo International plc
3.09% of portfolio
 		ORCL
Oracle Corp.
3.06% of portfolio
 		WFC
Wells Fargo
2.99% of portfolio
 		CTRX
Catamaran Corp.
2.91% of portfolio
 		MSI
Motorola Solutions Inc.
2.59% of portfolio
 		PCP
Precision Castparts
2.58% of portfolio
 		UPS
United Parcel Service
2.56% of portfolio
 		DTV
DIRECTV Group Inc.
2.39% of portfolio
2014   Q3$914 M BHC
Bausch Health
7.32% of portfolio
 		LBTYK
Liberty Global Ltd CL C
6.93% of portfolio
 		BRK.B
Berkshire Hathaway CL B
6.19% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
5.38% of portfolio
 		ESRX
Express Scripts
4.75% of portfolio
 		EBAY
eBay Inc.
4.03% of portfolio
 		DTV
DIRECTV Group Inc.
3.88% of portfolio
 		MSFT
Microsoft Corp.
3.63% of portfolio
 		WFC
Wells Fargo
3.57% of portfolio
 		APA
APA Corp.
3.44% of portfolio
 		TXN
Texas Instruments
3.39% of portfolio
 		RRC
Range Resources Corp.
3.34% of portfolio
 		FWONK
Liberty Media Corp Formula One Series C
3.29% of portfolio
 		AON
Aon Plc
3.02% of portfolio
 		TDG
TransDigm Group Inc.
3.02% of portfolio
 		ENDP
Endo International plc
2.69% of portfolio
 		ORCL
Oracle Corp.
2.66% of portfolio
 		PCP
Precision Castparts
2.59% of portfolio
 		DIS
Walt Disney Co.
2.43% of portfolio
 		UPS
United Parcel Service
2.31% of portfolio
2014   Q2$856 M BHC
Bausch Health
7.51% of portfolio
 		LBTYK
Liberty Global Ltd CL C
6.80% of portfolio
 		BRK.B
Berkshire Hathaway CL B
6.06% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
5.92% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
5.11% of portfolio
 		ESRX
Express Scripts
4.98% of portfolio
 		WFC
Wells Fargo
4.17% of portfolio
 		APA
APA Corp.
4.11% of portfolio
 		DTV
DIRECTV Group Inc.
4.07% of portfolio
 		EBAY
eBay Inc.
3.80% of portfolio
 		TXN
Texas Instruments
3.63% of portfolio
 		AON
Aon Plc
3.53% of portfolio
 		MSFT
Microsoft Corp.
3.48% of portfolio
 		DIS
Walt Disney Co.
3.25% of portfolio
 		RRC
Range Resources Corp.
3.15% of portfolio
 		ORCL
Oracle Corp.
3.01% of portfolio
 		TDG
TransDigm Group Inc.
2.93% of portfolio
 		UPS
United Parcel Service
2.58% of portfolio
 		ENDP
Endo International plc
2.49% of portfolio
 		MLM
Martin Marietta
2.39% of portfolio
2014   Q1$819 M BHC
Bausch Health
8.21% of portfolio
 		BRK.B
Berkshire Hathaway CL B
6.25% of portfolio
 		LBTYK
Liberty Global Ltd CL C
6.11% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
6.08% of portfolio
 		DTV
DIRECTV Group Inc.
6.06% of portfolio
 		ESRX
Express Scripts
4.86% of portfolio
 		WFC
Wells Fargo
4.52% of portfolio
 		APA
APA Corp.
3.96% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
3.91% of portfolio
 		TXN
Texas Instruments
3.74% of portfolio
 		MSFT
Microsoft Corp.
3.58% of portfolio
 		AON
Aon Plc
3.45% of portfolio
 		TDG
TransDigm Group Inc.
3.39% of portfolio
 		TGT
Target Corp.
3.18% of portfolio
 		DIS
Walt Disney Co.
3.18% of portfolio
 		ORCL
Oracle Corp.
3.17% of portfolio
 		RRC
Range Resources Corp.
3.14% of portfolio
 		GOOGL
Alphabet Inc.
3.13% of portfolio
 		UPS
United Parcel Service
2.56% of portfolio
 		MLM
Martin Marietta
2.43% of portfolio
2013   Q4$811 M BHC
Bausch Health
9.69% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
6.24% of portfolio
 		BRK.B
Berkshire Hathaway CL B
5.99% of portfolio
 		DTV
DIRECTV Group Inc.
5.53% of portfolio
 		LBTYK
Liberty Global Ltd CL C
5.40% of portfolio
 		ESRX
Express Scripts
4.59% of portfolio
 		TXN
Texas Instruments
4.22% of portfolio
 		WFC
Wells Fargo
4.17% of portfolio
 		RRC
Range Resources Corp.
4.16% of portfolio
 		APA
APA Corp.
4.14% of portfolio
 		GOOGL
Alphabet Inc.
4.14% of portfolio
 		HPQ
HP Inc.
3.66% of portfolio
 		AON
Aon Plc
3.46% of portfolio
 		TGT
Target Corp.
3.35% of portfolio
 		MSFT
Microsoft Corp.
3.30% of portfolio
 		DIS
Walt Disney Co.
3.06% of portfolio
 		ORCL
Oracle Corp.
2.99% of portfolio
 		TDG
TransDigm Group Inc.
2.98% of portfolio
 		UPS
United Parcel Service
2.78% of portfolio
 		MLM
Martin Marietta
2.40% of portfolio
2013   Q3$742 M BHC
Bausch Health
11.26% of portfolio
 		AON
Aon Plc
6.32% of portfolio
 		BRK.B
Berkshire Hathaway CL B
6.28% of portfolio
 		DTV
DIRECTV Group Inc.
5.24% of portfolio
 		TXN
Texas Instruments
5.05% of portfolio
 		APA
APA Corp.
4.83% of portfolio
 		LBTYK
Liberty Global Ltd CL C
4.72% of portfolio
 		UPS
United Parcel Service
4.62% of portfolio
 		WFC
Wells Fargo
4.46% of portfolio
 		ESRX
Express Scripts
4.42% of portfolio
 		RRC
Range Resources Corp.
4.20% of portfolio
 		GOOGL
Alphabet Inc.
4.13% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
4.11% of portfolio
 		TGT
Target Corp.
3.71% of portfolio
 		MSFT
Microsoft Corp.
3.30% of portfolio
 		HPQ
HP Inc.
3.00% of portfolio
 		DIS
Walt Disney Co.
2.83% of portfolio
 		TDG
TransDigm Group Inc.
2.81% of portfolio
 		MLM
Martin Marietta
2.58% of portfolio
 		OMC
Omnicom Group
2.57% of portfolio
2013   Q2$743 M BHC
Bausch Health
9.85% of portfolio
 		AON
Aon Plc
6.50% of portfolio
 		DTV
DIRECTV Group Inc.
6.30% of portfolio
 		BRK.B
Berkshire Hathaway CL B
6.18% of portfolio
 		TXN
Texas Instruments
4.93% of portfolio
 		APA
APA Corp.
4.75% of portfolio
 		WFC
Wells Fargo
4.44% of portfolio
 		ESRX
Express Scripts
4.40% of portfolio
 		UPS
United Parcel Service
4.37% of portfolio
 		RRC
Range Resources Corp.
4.27% of portfolio
 		LBTYK
Liberty Global Ltd CL C
4.24% of portfolio
 		GOOGL
Alphabet Inc.
4.15% of portfolio
 		TGT
Target Corp.
3.99% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
3.72% of portfolio
 		HPQ
HP Inc.
3.54% of portfolio
 		MSFT
Microsoft Corp.
3.42% of portfolio
 		OMC
Omnicom Group
3.39% of portfolio
 		DIS
Walt Disney Co.
2.76% of portfolio
 		MLM
Martin Marietta
2.58% of portfolio
 		TDG
TransDigm Group Inc.
2.22% of portfolio
2013   Q1$757 M BHC
Bausch Health
8.43% of portfolio
 		BRK.B
Berkshire Hathaway CL B
7.23% of portfolio
 		AON
Aon Plc
6.50% of portfolio
 		DTV
DIRECTV Group Inc.
5.68% of portfolio
 		TXN
Texas Instruments
5.06% of portfolio
 		UPS
United Parcel Service
4.43% of portfolio
 		LBTYK
Liberty Global Ltd CL C
4.21% of portfolio
 		RRC
Range Resources Corp.
4.18% of portfolio
 		WFC
Wells Fargo
4.15% of portfolio
 		HPQ
HP Inc.
4.09% of portfolio
 		APA
APA Corp.
4.09% of portfolio
 		GOOGL
Alphabet Inc.
3.93% of portfolio
 		OMC
Omnicom Group
3.89% of portfolio
 		TGT
Target Corp.
3.89% of portfolio
 		MLM
Martin Marietta
3.71% of portfolio
 		MSFT
Microsoft Corp.
3.40% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
3.39% of portfolio
 		ESRX
Express Scripts
3.20% of portfolio
 		SWN
Southwestern Energy
2.67% of portfolio
 		DIS
Walt Disney Co.
2.44% of portfolio
2012   Q4$708 M BRK.B
Berkshire Hathaway CL B
7.48% of portfolio
 		BHC
Bausch Health
7.18% of portfolio
 		AON
Aon Plc
6.64% of portfolio
 		HPQ
HP Inc.
5.18% of portfolio
 		TXN
Texas Instruments
4.72% of portfolio
 		WFC
Wells Fargo
4.47% of portfolio
 		MLM
Martin Marietta
4.40% of portfolio
 		LBTYK
Liberty Global Ltd CL C
4.15% of portfolio
 		UPS
United Parcel Service
4.06% of portfolio
 		OMC
Omnicom Group
4.06% of portfolio
 		DTV
DIRECTV Group Inc.
3.90% of portfolio
 		RRC
Range Resources Corp.
3.82% of portfolio
 		TGT
Target Corp.
3.76% of portfolio
 		GOOGL
Alphabet Inc.
3.76% of portfolio
 		MSFT
Microsoft Corp.
3.40% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
3.34% of portfolio
 		ESRX
Express Scripts
3.21% of portfolio
 		SWN
Southwestern Energy
3.19% of portfolio
 		CVS
CVS Health Corp.
3.14% of portfolio
 		APA
APA Corp.
3.05% of portfolio
2012   Q3$678 M BRK.B
Berkshire Hathaway CL B
7.67% of portfolio
 		BHC
Bausch Health
6.93% of portfolio
 		AON
Aon Plc
6.55% of portfolio
 		WFC
Wells Fargo
4.96% of portfolio
 		TXN
Texas Instruments
4.67% of portfolio
 		HPQ
HP Inc.
4.65% of portfolio
 		MLM
Martin Marietta
4.40% of portfolio
 		OMC
Omnicom Group
4.37% of portfolio
 		TGT
Target Corp.
4.21% of portfolio
 		GOOGL
Alphabet Inc.
4.17% of portfolio
 		LBTYK
Liberty Global Ltd CL C
4.16% of portfolio
 		UPS
United Parcel Service
4.12% of portfolio
 		RRC
Range Resources Corp.
4.12% of portfolio
 		MSFT
Microsoft Corp.
3.95% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
3.68% of portfolio
 		CVS
CVS Health Corp.
3.57% of portfolio
 		APA
APA Corp.
3.51% of portfolio
 		SWN
Southwestern Energy
3.46% of portfolio
 		DELL-OLD
Dell Inc.
2.91% of portfolio
 		DIS
Walt Disney Co.
2.51% of portfolio
2012   Q2$721 M BRK.B
Berkshire Hathaway CL B
6.82% of portfolio
 		AON
Aon Plc
5.51% of portfolio
 		WFC
Wells Fargo
5.33% of portfolio
 		BHC
Bausch Health
5.28% of portfolio
 		GOOGL
Alphabet Inc.
5.23% of portfolio
 		TYC
Tyco International
4.47% of portfolio
 		UPS
United Parcel Service
4.26% of portfolio
 		TXN
Texas Instruments
4.18% of portfolio
 		TGT
Target Corp.
4.16% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.97% of portfolio
 		MLM
Martin Marietta
3.93% of portfolio
 		OMC
Omnicom Group
3.88% of portfolio
 		MSFT
Microsoft Corp.
3.82% of portfolio
 		CVS
CVS Health Corp.
3.76% of portfolio
 		HPQ
HP Inc.
3.76% of portfolio
 		RRC
Range Resources Corp.
3.43% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
3.33% of portfolio
 		CMCSK-OLD
Comcast Corp. CL A Spl
3.27% of portfolio
 		DELL-OLD
Dell Inc.
3.21% of portfolio
 		SWN
Southwestern Energy
2.99% of portfolio
2012   Q1$801 M BRK.B
Berkshire Hathaway CL B
5.98% of portfolio
 		WFC
Wells Fargo
5.43% of portfolio
 		AON
Aon Plc
5.21% of portfolio
 		GOOGL
Alphabet Inc.
5.20% of portfolio
 		BHC
Bausch Health
5.03% of portfolio
 		TYC
Tyco International
4.63% of portfolio
 		CMCSK-OLD
Comcast Corp. CL A Spl
4.42% of portfolio
 		TXN
Texas Instruments
4.41% of portfolio
 		UPS
United Parcel Service
4.06% of portfolio
 		HPQ
HP Inc.
4.02% of portfolio
 		MLM
Martin Marietta
3.85% of portfolio
 		TGT
Target Corp.
3.85% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
3.81% of portfolio
 		OMC
Omnicom Group
3.64% of portfolio
 		BUD
Anheuser-Busch InBev
3.63% of portfolio
 		MSFT
Microsoft Corp.
3.62% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.59% of portfolio
 		DELL-OLD
Dell Inc.
3.52% of portfolio
 		CVS
CVS Health Corp.
3.24% of portfolio
 		SWN
Southwestern Energy
2.58% of portfolio
2011   Q4$744 M GOOGL
Alphabet Inc.
5.64% of portfolio
 		WFC
Wells Fargo
5.33% of portfolio
 		MSFT
Microsoft Corp.
5.32% of portfolio
 		BRK.B
Berkshire Hathaway CL B
5.28% of portfolio
 		AON
Aon Plc
5.19% of portfolio
 		DELL-OLD
Dell Inc.
4.62% of portfolio
 		TYC
Tyco International
4.46% of portfolio
 		UPS
United Parcel Service
4.43% of portfolio
 		TXN
Texas Instruments
4.40% of portfolio
 		BHC
Bausch Health
4.30% of portfolio
 		LBTYK
Liberty Global Ltd CL C
4.12% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
3.92% of portfolio
 		CMCSK-OLD
Comcast Corp. CL A Spl
3.80% of portfolio
 		MLM
Martin Marietta
3.65% of portfolio
 		HPQ
HP Inc.
3.46% of portfolio
 		TGT
Target Corp.
3.44% of portfolio
 		OMC
Omnicom Group
3.44% of portfolio
 		CVS
CVS Health Corp.
3.42% of portfolio
 		BUD
Anheuser-Busch InBev
3.28% of portfolio
 		WMT
Walmart Inc.
2.89% of portfolio
2011   Q3$698 M MSFT
Microsoft Corp.
5.88% of portfolio
 		AON
Aon Plc
5.56% of portfolio
 		BRK.B
Berkshire Hathaway CL B
5.34% of portfolio
 		GOOGL
Alphabet Inc.
5.13% of portfolio
 		DELL-OLD
Dell Inc.
5.07% of portfolio
 		WFC
Wells Fargo
4.97% of portfolio
 		TXN
Texas Instruments
4.96% of portfolio
 		COP
ConocoPhillips
4.53% of portfolio
 		UPS
United Parcel Service
4.52% of portfolio
 		TYC
Tyco International
4.14% of portfolio
 		TGT
Target Corp.
4.04% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.97% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
3.81% of portfolio
 		CMCSK-OLD
Comcast Corp. CL A Spl
3.70% of portfolio
 		MLM
Martin Marietta
3.62% of portfolio
 		WMT
Walmart Inc.
3.35% of portfolio
 		BUD
Anheuser-Busch InBev
3.04% of portfolio
 		OMC
Omnicom Group
3.03% of portfolio
 		CVS
CVS Health Corp.
3.01% of portfolio
 		BHC
Bausch Health
2.66% of portfolio
2011   Q2$788 M AON
Aon Plc
6.03% of portfolio
 		MSFT
Microsoft Corp.
5.94% of portfolio
 		DELL-OLD
Dell Inc.
5.72% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
5.64% of portfolio
 		WFC
Wells Fargo
5.13% of portfolio
 		TXN
Texas Instruments
5.00% of portfolio
 		UPS
United Parcel Service
4.91% of portfolio
 		BRK.B
Berkshire Hathaway CL B
4.91% of portfolio
 		COP
ConocoPhillips
4.77% of portfolio
 		LBTYK
Liberty Global Ltd CL C
4.61% of portfolio
 		GOOGL
Alphabet Inc.
4.48% of portfolio
 		TYC
Tyco International
4.39% of portfolio
 		CMCSK-OLD
Comcast Corp. CL A Spl
3.85% of portfolio
 		OMC
Omnicom Group
3.52% of portfolio
 		WMT
Walmart Inc.
3.37% of portfolio
 		TGT
Target Corp.
3.28% of portfolio
 		MLM
Martin Marietta
3.05% of portfolio
 		BUD
Anheuser-Busch InBev
2.39% of portfolio
 		LMT
Lockheed Martin Corp.
2.31% of portfolio
 		MON-OLD
Monsanto Co.
2.21% of portfolio
2011   Q1$821 M AON
Aon Plc
5.97% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
5.57% of portfolio
 		MSFT
Microsoft Corp.
5.56% of portfolio
 		DELL-OLD
Dell Inc.
5.30% of portfolio
 		TXN
Texas Instruments
5.05% of portfolio
 		COP
ConocoPhillips
4.86% of portfolio
 		BRK.B
Berkshire Hathaway CL B
4.84% of portfolio
 		UPS
United Parcel Service
4.80% of portfolio
 		OCR
Omnicare Inc.
4.75% of portfolio
 		ACN
Accenture
4.69% of portfolio
 		LBTYK
Liberty Global Ltd CL C
4.14% of portfolio
 		GOOGL
Alphabet Inc.
4.14% of portfolio
 		TYC
Tyco International
3.82% of portfolio
 		CMCSK-OLD
Comcast Corp. CL A Spl
3.53% of portfolio
 		OMC
Omnicom Group
3.44% of portfolio
 		MLM
Martin Marietta
3.28% of portfolio
 		WMT
Walmart Inc.
3.17% of portfolio
 		RWT
Redwood Trust Inc.
2.92% of portfolio
 		VMC
Vulcan Materials
2.22% of portfolio
 		LMT
Lockheed Martin Corp.
2.20% of portfolio
2010   Q4$804 M MSFT
Microsoft Corp.
6.25% of portfolio
 		TXN
Texas Instruments
5.94% of portfolio
 		COP
ConocoPhillips
5.93% of portfolio
 		AON
Aon Plc
5.72% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
5.61% of portfolio
 		BRK.B
Berkshire Hathaway CL B
5.48% of portfolio
 		OCR
Omnicare Inc.
5.37% of portfolio
 		DELL-OLD
Dell Inc.
5.06% of portfolio
 		ACN
Accenture
4.83% of portfolio
 		UPS
United Parcel Service
4.79% of portfolio
 		GOOGL
Alphabet Inc.
4.29% of portfolio
 		CMCSK-OLD
Comcast Corp. CL A Spl
3.69% of portfolio
 		MON-OLD
Monsanto Co.
3.68% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.65% of portfolio
 		TYC
Tyco International
3.61% of portfolio
 		MLM
Martin Marietta
3.44% of portfolio
 		WMT
Walmart Inc.
3.35% of portfolio
 		RWT
Redwood Trust Inc.
3.34% of portfolio
 		OMC
Omnicom Group
3.28% of portfolio
 		LMT
Lockheed Martin Corp.
2.39% of portfolio
2010   Q3$808 M QRTEA
Qurate Retail Group Inc. CL A
6.02% of portfolio
 		BRK.B
Berkshire Hathaway CL B
5.62% of portfolio
 		MSFT
Microsoft Corp.
5.45% of portfolio
 		TXN
Texas Instruments
5.29% of portfolio
 		DELL-OLD
Dell Inc.
5.21% of portfolio
 		OCR
Omnicare Inc.
5.02% of portfolio
 		COP
ConocoPhillips
4.97% of portfolio
 		ACN
Accenture
4.73% of portfolio
 		LBTYK
Liberty Global Ltd CL C
4.73% of portfolio
 		UPS
United Parcel Service
4.54% of portfolio
 		RWT
Redwood Trust Inc.
4.22% of portfolio
 		AON
Aon Plc
3.87% of portfolio
 		GOOGL
Alphabet Inc.
3.77% of portfolio
 		CMCSK-OLD
Comcast Corp. CL A Spl
3.68% of portfolio
 		APOL
Apollo Education Group Inc.
3.49% of portfolio
 		WMT
Walmart Inc.
3.31% of portfolio
 		TYC
Tyco International
3.18% of portfolio
 		MLM
Martin Marietta
3.09% of portfolio
 		OMC
Omnicom Group
2.81% of portfolio
 		MON-OLD
Monsanto Co.
2.67% of portfolio
2010   Q2$734 M BRK.B
Berkshire Hathaway CL B
6.52% of portfolio
 		LBTYK
Liberty Global Ltd CL C
5.88% of portfolio
 		MSFT
Microsoft Corp.
5.64% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
5.08% of portfolio
 		OCR
Omnicare Inc.
4.84% of portfolio
 		RWT
Redwood Trust Inc.
4.75% of portfolio
 		DELL-OLD
Dell Inc.
4.68% of portfolio
 		COP
ConocoPhillips
4.68% of portfolio
 		ACN
Accenture
4.48% of portfolio
 		TYC
Tyco International
4.32% of portfolio
 		UPS
United Parcel Service
4.26% of portfolio
 		CMCSK-OLD
Comcast Corp. CL A Spl
4.14% of portfolio
 		AON
Aon Plc
3.54% of portfolio
 		GOOGL
Alphabet Inc.
3.52% of portfolio
 		WMT
Walmart Inc.
3.27% of portfolio
 		MLM
Martin Marietta
3.24% of portfolio
 		MON-OLD
Monsanto Co.
2.83% of portfolio
 		APOL
Apollo Education Group Inc.
2.75% of portfolio
 		VMC
Vulcan Materials
2.51% of portfolio
 		TDS.S
Telephone & Data Systems Special
2.39% of portfolio
2010   Q1$773 M BRK.B
Berkshire Hathaway CL B
11.87% of portfolio
 		LBTYK
Liberty Global Ltd CL C
6.57% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
6.53% of portfolio
 		DELL-OLD
Dell Inc.
5.82% of portfolio
 		MSFT
Microsoft Corp.
5.30% of portfolio
 		RWT
Redwood Trust Inc.
5.28% of portfolio
 		CMCSK-OLD
Comcast Corp. CL A Spl
5.23% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
4.70% of portfolio
 		UPS
United Parcel Service
4.37% of portfolio
 		OCR
Omnicare Inc.
4.21% of portfolio
 		TYC
Tyco International
3.96% of portfolio
 		ELV
Elevance Health Inc.
3.33% of portfolio
 		TDS.S
Telephone & Data Systems Special
3.18% of portfolio
 		MLM
Martin Marietta
3.02% of portfolio
 		COP
ConocoPhillips
2.65% of portfolio
 		VMC
Vulcan Materials
2.57% of portfolio
 		WMT
Walmart Inc.
2.16% of portfolio
 		ACN
Accenture
1.90% of portfolio
 		AZO
AutoZone Inc.
1.79% of portfolio
 		APOL
Apollo Education Group Inc.
1.78% of portfolio
2009   Q4$736 M BRK.B
Berkshire Hathaway CL B
14.73% of portfolio
 		MSFT
Microsoft Corp.
5.80% of portfolio
 		DELL-OLD
Dell Inc.
5.66% of portfolio
 		LBTYK
Liberty Global Ltd CL C
5.51% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
5.29% of portfolio
 		RWT
Redwood Trust Inc.
5.21% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
5.15% of portfolio
 		CMCSK-OLD
Comcast Corp. CL A Spl
4.79% of portfolio
 		TDS.S
Telephone & Data Systems Special
4.62% of portfolio
 		UPS
United Parcel Service
4.09% of portfolio
 		TYC
Tyco International
3.88% of portfolio
 		OCR
Omnicare Inc.
3.78% of portfolio
 		MLM
Martin Marietta
3.34% of portfolio
 		VMC
Vulcan Materials
2.72% of portfolio
 		DTV
DIRECTV Group Inc.
2.27% of portfolio
 		WMT
Walmart Inc.
2.18% of portfolio
 		LOW
Lowe's Cos.
1.91% of portfolio
 		GHC
Graham Holdings Co.
1.91% of portfolio
 		COP
ConocoPhillips
1.91% of portfolio
 		APOL
Apollo Education Group Inc.
1.85% of portfolio
2009   Q3$773 M BRK.B
Berkshire Hathaway CL B
14.74% of portfolio
 		LBTYK
Liberty Global Ltd CL C
5.32% of portfolio
 		RWT
Redwood Trust Inc.
5.31% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
5.10% of portfolio
 		DELL-OLD
Dell Inc.
5.03% of portfolio
 		MSFT
Microsoft Corp.
5.02% of portfolio
 		TDS.S
Telephone & Data Systems Special
4.87% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
4.65% of portfolio
 		CMCSK-OLD
Comcast Corp. CL A Spl
4.47% of portfolio
 		UPS
United Parcel Service
3.83% of portfolio
 		LMDIA
Liberty Media Ent. OLD
3.62% of portfolio
 		TYC
Tyco International
3.57% of portfolio
 		OCR
Omnicare Inc.
3.35% of portfolio
 		GHC
Graham Holdings Co.
2.98% of portfolio
 		ELV
Elevance Health Inc.
2.76% of portfolio
 		MLM
Martin Marietta
2.38% of portfolio
 		LOW
Lowe's Cos.
2.17% of portfolio
 		WFC
Wells Fargo
2.15% of portfolio
 		NWSA
News Corp.
1.97% of portfolio
 		VMC
Vulcan Materials
1.94% of portfolio
2009   Q2$732 M BRK.B
Berkshire Hathaway CL B
13.57% of portfolio
 		ELV
Elevance Health Inc.
5.56% of portfolio
 		RWT
Redwood Trust Inc.
5.51% of portfolio
 		DELL-OLD
Dell Inc.
4.88% of portfolio
 		MSFT
Microsoft Corp.
4.87% of portfolio
 		TDS.S
Telephone & Data Systems Special
4.86% of portfolio
 		LBTYK
Liberty Global Ltd CL C
4.37% of portfolio
 		AXP
American Express
4.29% of portfolio
 		CMCSK-OLD
Comcast Corp. CL A Spl
4.14% of portfolio
 		OCR
Omnicare Inc.
3.87% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
3.70% of portfolio
 		UPS
United Parcel Service
3.58% of portfolio
 		LMDIA
Liberty Media Ent. OLD
3.29% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
3.08% of portfolio
 		GHC
Graham Holdings Co.
2.89% of portfolio
 		UNH
United Health Group Inc.
2.87% of portfolio
 		TYC
Tyco International
2.84% of portfolio
 		WFC
Wells Fargo
2.16% of portfolio
 		MLM
Martin Marietta
2.15% of portfolio
 		LOW
Lowe's Cos.
2.12% of portfolio
2009   Q1$660 M BRK.B
Berkshire Hathaway CL B
15.43% of portfolio
 		RWT
Redwood Trust Inc.
7.33% of portfolio
 		ELV
Elevance Health Inc.
5.93% of portfolio
 		TDS.S
Telephone & Data Systems Special
5.02% of portfolio
 		CMCSK-OLD
Comcast Corp. CL A Spl
4.39% of portfolio
 		LMDIA
Liberty Media Ent. OLD
4.38% of portfolio
 		OCR
Omnicare Inc.
4.34% of portfolio
 		LBTYK
Liberty Global Ltd CL C
4.28% of portfolio
 		MSFT
Microsoft Corp.
4.18% of portfolio
 		UPS
United Parcel Service
3.92% of portfolio
 		DELL-OLD
Dell Inc.
3.74% of portfolio
 		UNH
United Health Group Inc.
3.49% of portfolio
 		LOW
Lowe's Cos.
3.32% of portfolio
 		GHC
Graham Holdings Co.
3.25% of portfolio
 		AXP
American Express
3.00% of portfolio
 		MLM
Martin Marietta
2.40% of portfolio
 		TYC
Tyco International
2.37% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
2.12% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
1.98% of portfolio
 		VMC
Vulcan Materials
1.86% of portfolio
2008   Q4$808 M BRK.B
Berkshire Hathaway CL B
15.51% of portfolio
 		ELV
Elevance Health Inc.
6.78% of portfolio
 		TDS.S
Telephone & Data Systems Special
5.98% of portfolio
 		RWT
Redwood Trust Inc.
4.72% of portfolio
 		GHC
Graham Holdings Co.
4.59% of portfolio
 		UNH
United Health Group Inc.
4.35% of portfolio
 		LMDIA
Liberty Media Ent. OLD
4.33% of portfolio
 		OCR
Omnicare Inc.
4.29% of portfolio
 		UPS
United Parcel Service
4.10% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.76% of portfolio
 		MSFT
Microsoft Corp.
3.61% of portfolio
 		LOW
Lowe's Cos.
3.46% of portfolio
 		DELL-OLD
Dell Inc.
3.36% of portfolio
 		AXP
American Express
3.33% of portfolio
 		CMCSK-OLD
Comcast Corp. CL A Spl
3.25% of portfolio
 		WMT
Walmart Inc.
2.78% of portfolio
 		MLM
Martin Marietta
2.40% of portfolio
 		VMC
Vulcan Materials
2.39% of portfolio
 		WFC
Wells Fargo
2.38% of portfolio
 		TYC
Tyco International
2.27% of portfolio
2008   Q3$1.15 B BRK.B
Berkshire Hathaway CL B
15.65% of portfolio
 		ELV
Elevance Health Inc.
5.38% of portfolio
 		TDS.S
Telephone & Data Systems Special
5.36% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
5.05% of portfolio
 		LBTYK
Liberty Global Ltd CL C
4.88% of portfolio
 		GHC
Graham Holdings Co.
4.60% of portfolio
 		AXP
American Express
4.46% of portfolio
 		RWT
Redwood Trust Inc.
4.35% of portfolio
 		LMDIA
Liberty Media Ent. OLD
4.34% of portfolio
 		OCR
Omnicare Inc.
4.05% of portfolio
 		DELL-OLD
Dell Inc.
3.79% of portfolio
 		CMCSA
Comcast Corp.
3.75% of portfolio
 		UNH
United Health Group Inc.
3.44% of portfolio
 		UPS
United Parcel Service
2.95% of portfolio
 		WFC
Wells Fargo
2.93% of portfolio
 		MSFT
Microsoft Corp.
2.84% of portfolio
 		LOW
Lowe's Cos.
2.67% of portfolio
 		TYC
Tyco International
2.59% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
2.32% of portfolio
 		USG
USG Corp.
2.22% of portfolio
2008   Q2$1.37 B BRK.B
Berkshire Hathaway CL B
12.04% of portfolio
 		TDS.S
Telephone & Data Systems Special
5.55% of portfolio
 		ELV
Elevance Health Inc.
4.97% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
4.86% of portfolio
 		DELL-OLD
Dell Inc.
4.57% of portfolio
 		LBTYK
Liberty Global Ltd CL C
4.42% of portfolio
 		OCR
Omnicare Inc.
4.37% of portfolio
 		GHC
Graham Holdings Co.
4.08% of portfolio
 		AXP
American Express
4.00% of portfolio
 		RWT
Redwood Trust Inc.
3.94% of portfolio
 		CMCSA
Comcast Corp.
3.75% of portfolio
 		LMDIA
Liberty Media Ent. OLD
3.55% of portfolio
 		UNH
United Health Group Inc.
3.00% of portfolio
 		AIG
American International Group
2.91% of portfolio
 		IAC
IAC Inc.
2.54% of portfolio
 		USG
USG Corp.
2.53% of portfolio
 		LOW
Lowe's Cos.
2.51% of portfolio
 		TYC
Tyco International
2.49% of portfolio
 		MSFT
Microsoft Corp.
2.47% of portfolio
 		UPS
United Parcel Service
2.43% of portfolio
2008   Q1$1.63 B BRK.B
Berkshire Hathaway CL B
11.90% of portfolio
 		LMDIA
Liberty Media Ent. OLD
5.62% of portfolio
 		RWT
Redwood Trust Inc.
5.31% of portfolio
 		AIG
American International Group
5.07% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
5.05% of portfolio
 		AXP
American Express
4.42% of portfolio
 		CMCSA
Comcast Corp.
4.33% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.96% of portfolio
 		TDS.S
Telephone & Data Systems Special
3.96% of portfolio
 		GHC
Graham Holdings Co.
3.85% of portfolio
 		DELL-OLD
Dell Inc.
3.60% of portfolio
 		ELV
Elevance Health Inc.
3.52% of portfolio
 		UNH
United Health Group Inc.
3.29% of portfolio
 		FNMA
Federal National Mortgage Association
2.90% of portfolio
 		LOW
Lowe's Cos.
2.67% of portfolio
 		USG
USG Corp.
2.64% of portfolio
 		OCR
Omnicare Inc.
2.53% of portfolio
 		COV-OLD
Covidien Plc.
2.44% of portfolio
 		TYC
Tyco International
2.43% of portfolio
 		WFC
Wells Fargo
2.32% of portfolio
2007   Q4$1.94 B BRK.B
Berkshire Hathaway CL B
11.97% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
6.49% of portfolio
 		AIG
American International Group
5.87% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
5.51% of portfolio
 		TDS.S
Telephone & Data Systems Special
4.90% of portfolio
 		WMT
Walmart Inc.
4.66% of portfolio
 		UNH
United Health Group Inc.
4.65% of portfolio
 		ELV
Elevance Health Inc.
4.53% of portfolio
 		RWT
Redwood Trust Inc.
4.34% of portfolio
 		FNMA
Federal National Mortgage Association
4.33% of portfolio
 		GHC
Graham Holdings Co.
4.29% of portfolio
 		AXP
American Express
3.89% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.76% of portfolio
 		DELL-OLD
Dell Inc.
3.41% of portfolio
 		OCR
Omnicare Inc.
2.94% of portfolio
 		CMCSA
Comcast Corp.
2.87% of portfolio
 		USG
USG Corp.
2.60% of portfolio
 		WFC
Wells Fargo
2.49% of portfolio
 		COV-OLD
Covidien Plc.
2.34% of portfolio
 		LOW
Lowe's Cos.
2.33% of portfolio
2007   Q3$2.48 B BRK.B
Berkshire Hathaway CL B
10.06% of portfolio
 		UNH
United Health Group Inc.
6.45% of portfolio
 		CFC
Countrywide Financial Corp.
6.14% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
5.44% of portfolio
 		AIG
American International Group
5.33% of portfolio
 		WMT
Walmart Inc.
4.87% of portfolio
 		GHC
Graham Holdings Co.
4.86% of portfolio
 		FNMA
Federal National Mortgage Association
4.67% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
4.34% of portfolio
 		TDS.S
Telephone & Data Systems Special
4.13% of portfolio
 		DELL-OLD
Dell Inc.
3.61% of portfolio
 		AXP
American Express
3.48% of portfolio
 		ELV
Elevance Health Inc.
3.35% of portfolio
 		OCR
Omnicare Inc.
3.31% of portfolio
 		RWT
Redwood Trust Inc.
3.29% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.11% of portfolio
 		CMCSA
Comcast Corp.
2.98% of portfolio
 		LOW
Lowe's Cos.
2.15% of portfolio
 		USG
USG Corp.
2.13% of portfolio
 		TYC
Tyco International
1.84% of portfolio
2007   Q2$2.73 B BRK.B
Berkshire Hathaway CL B
8.33% of portfolio
 		CFC
Countrywide Financial Corp.
7.67% of portfolio
 		UNH
United Health Group Inc.
6.19% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
5.55% of portfolio
 		TYC
Tyco International
5.08% of portfolio
 		WMT
Walmart Inc.
4.87% of portfolio
 		FNMA
Federal National Mortgage Association
4.79% of portfolio
 		AIG
American International Group
4.75% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
4.59% of portfolio
 		GHC
Graham Holdings Co.
4.56% of portfolio
 		RWT
Redwood Trust Inc.
4.36% of portfolio
 		LBTYK
Liberty Global Ltd CL C
4.33% of portfolio
 		TDS.S
Telephone & Data Systems Special
3.48% of portfolio
 		DELL-OLD
Dell Inc.
3.39% of portfolio
 		OCR
Omnicare Inc.
3.28% of portfolio
 		CMCSA
Comcast Corp.
3.15% of portfolio
 		ELV
Elevance Health Inc.
2.97% of portfolio
 		AXP
American Express
2.81% of portfolio
 		APOL
Apollo Education Group Inc.
2.79% of portfolio
 		USG
USG Corp.
2.52% of portfolio
2007   Q1$2.72 B BRK.B
Berkshire Hathaway Class B
8.44% of portfolio
 		CFC
Countrywide Financial Corp.
7.12% of portfolio
 		UNH
United Health Group Inc.
6.44% of portfolio
 		TYC
Tyco International
5.65% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
5.44% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
5.23% of portfolio
 		WMT
Walmart Inc.
4.77% of portfolio
 		GHC
Graham Holdings Co.
4.61% of portfolio
 		AIG
American International Group
4.58% of portfolio
 		RWT
Redwood Trust Inc.
4.51% of portfolio
 		FNMA
Federal National Mortgage Association
4.19% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.88% of portfolio
 		TDS.S
Telephone and Data Systems Inc. Special
3.39% of portfolio
 		ELV
Elevance Health Inc.
3.03% of portfolio
 		CMCSA
Comcast Corp.
2.91% of portfolio
 		DELL-OLD
Dell Inc.
2.77% of portfolio
 		AXP
American Express
2.60% of portfolio
 		APOL
Apollo Education Group Inc.
2.51% of portfolio
 		IAC
IAC Inc.
2.01% of portfolio
 		EXPE
Expedia Group Inc.
1.79% of portfolio
2006   Q4$2.75 B BRK.B
Berkshire Hathaway Class B
8.39% of portfolio
 		CFC
Countrywide Financial Corp.
8.21% of portfolio
 		UNH
United Health Group Inc.
6.44% of portfolio
 		TYC
Tyco International
5.37% of portfolio
 		RWT
Redwood Trust Inc.
4.91% of portfolio
 		QRTEA
Qurate Retail Group Inc. CL A
4.86% of portfolio
 		AIG
American International Group
4.68% of portfolio
 		WMT
Walmart Inc.
4.63% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
4.57% of portfolio
 		FNMA
Federal National Mortgage Association
4.49% of portfolio
 		GHC
Graham Holdings Co.
4.44% of portfolio
 		CMCSA
Comcast Corp.
3.57% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.49% of portfolio
 		TDS.S
Telephone and Data Systems Inc. Special
3.19% of portfolio
 		DELL-OLD
Dell Inc.
2.95% of portfolio
 		ELV
Elevance Health Inc.
2.89% of portfolio
 		NWSA
News Corporation
2.73% of portfolio
 		EXPE
Expedia Group Inc.
2.67% of portfolio
 		APOL
Apollo Education Group Inc.
2.48% of portfolio
 		IAC
IAC Inc.
2.30% of portfolio