Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Accenture Plc.	7,035,189	$870M	5.2%	$76.86	—	COM	g1151c101
—	TE Connectivity Ltd.	9,363,005	$737M	4.4%	$49.58	—	COM	H84989104
—	Comcast Corp.	18,193,219	$708M	4.2%	$46.60	—	COM	20030n101
BRK/B	Berkshire Hath Cl B	4,034,629	$683M	4.1%	$110.02	+51.2%	COM	084670702
UNH	UnitedHealth Group	3,568,992	$662M	4.0%	$60.41	+152.8%	COM	91324P102
SLB	Schlumberger Ltd.	9,498,185	$625M	3.8%	$54.92	+1.6%	COM	806857108
HON	Honeywell Int'l Inc.	4,657,271	$621M	3.7%	$74.34	+32.8%	COM	438516106
—	Potash Corp.	37,340,421	$609M	3.7%	$30.34	—	COM	73755l107
—	AmerisourceBergen	5,793,775	$548M	3.3%	$71.49	—	COM	03073e105
DG	Dollar General Corp	7,504,207	$541M	3.2%	$66.42	-3.0%	COM	256677105
—	JPMorgan Chase	5,844,236	$534M	3.2%	$66.59	—	COM	46625h100
EBAY	Ebay, Inc.	14,970,954	$523M	3.1%	$22.10	+37.8%	COM	278642103
—	Cerner Corporation	7,805,566	$519M	3.1%	$51.82	—	COM	156782104
PGR	Progressive Corp.	11,105,064	$490M	2.9%	$17.86	+79.6%	COM	743315103
SWK	Stanley Black & Deck	3,411,743	$480M	2.9%	$77.54	+40.2%	COM	854502101
EXPD	Expeditors Int'l.	8,269,825	$467M	2.8%	$32.05	+54.3%	COM	302130109
BK	Bank of NY Mellon	9,041,637	$461M	2.8%	$21.22	+78.9%	COM	064058100
PCAR	Paccar Inc.	6,794,718	$449M	2.7%	$23.28	+32.8%	COM	693718108
NSRGY	Nestle SA ADR	5,131,096	$447M	2.7%	$75.15	—	COM	641069406
—	Level 3 Comm.	7,303,618	$433M	2.6%	$49.47	—	COM	52729n308
OMC	Omnicom Group	4,982,667	$413M	2.5%	$48.92	+25.6%	COM	681919106
—	21st Century Fox - B	13,305,596	$371M	2.2%	$26.53	—	COM	90130a200
TJX	TJX Companies Inc	4,667,352	$337M	2.0%	$33.77	-1.1%	COM	872540109
—	Oracle Corp	6,387,407	$320M	1.9%	$38.45	—	COM	68389x105
MSFT	Microsoft Corp.	4,207,671	$290M	1.7%	$27.41	+127.4%	COM	594918104
—	Unilever PLC ADR	5,262,114	$285M	1.7%	$44.32	—	COM	904767704
—	21st Century Fox - A	6,228,387	$177M	1.1%	$27.88	—	COM	90130a101
—	FirstCash Inc.	3,026,526	$176M	1.1%	$47.53	—	COM	33767d105
—	Devon Energy Corp.	4,940,022	$158M	0.9%	$49.55	—	COM	25179m103
—	Genpact, Ltd.	5,258,582	$146M	0.9%	$18.58	—	COM	g3922b107
GHC	Graham Holdings Co.	202,139	$121M	0.7%	$446.55	+23.0%	COM	384637104
—	Interpublic Group	4,473,770	$110M	0.7%	$12.84	+35.5%	COM	460690100
—	Broadridge Financial	1,438,290	$109M	0.7%	$28.34	—	COM	11133t103
ARW	Arrow Electronics Inc.	1,376,113	$108M	0.6%	$44.73	+67.0%	COM	042735100
RHI	Robert Half Int'l. Inc.	2,202,390	$106M	0.6%	$44.23	+5.7%	COM	770323103
MAN	Manpowergroup Inc.	943,759	$105M	0.6%	$87.19	+18.4%	COM	56418H100
WWD	Woodward Inc.	1,402,285	$94.77M	0.6%	$42.60	+51.4%	COM	980745103
—	Anixter Int'l.	1,198,732	$93.74M	0.6%	$76.61	—	COM	035290105
—	Esterline Technologies	972,956	$92.24M	0.6%	$85.69	—	COM	297425100
—	Liberty Global LiLAC - C	4,221,000	$90.37M	0.5%	$22.11	—	COM	g5480u153
R	Ryder System Inc.	1,211,960	$87.24M	0.5%	$60.99	+13.5%	COM	783549108
AVY	Avery Dennison Corp.	984,758	$87.02M	0.5%	$37.85	+89.6%	COM	053611109
—	Armstrong World Ind.	1,880,684	$86.51M	0.5%	$48.62	—	COM	04247x102
—	CenturyLink Inc	3,618,535	$86.41M	0.5%	$23.88	—	COM	156700106
FUL	H.B. Fuller Co.	1,613,866	$82.48M	0.5%	$37.43	+23.4%	COM	359694106
PLUS	ePlus Inc.	1,063,046	$78.77M	0.5%	$29.37	+23.4%	COM	294268107
MDRX	Allscripts Healthcare	6,083,536	$77.63M	0.5%	$12.27	-1.0%	COM	01988P108
WRB	W.R. Berkley Corp.	1,060,924	$73.38M	0.4%	$9.82	+69.1%	COM	084423102
—	Varian Medical Sys.	709,542	$73.22M	0.4%	$74.48	—	COM	92220p105
—	Penske Automotive	1,457,745	$64.01M	0.4%	$36.68	—	COM	70959w103
—	MEDNAX, Inc.	1,029,973	$62.18M	0.4%	$64.20	—	COM	58502b106
—	White Mountains Ins.	71,448	$62.06M	0.4%	$876.59	—	COM	g9618e107
TRS	TriMas Corp.	2,745,646	$57.25M	0.3%	$20.29	+6.4%	COM	896215209
KEX	Kirby Corp.	848,859	$56.75M	0.3%	$68.43	-0.4%	COM	497266106
—	Cable One, Inc.	79,349	$56.41M	0.3%	$426.14	—	COM	12685j105
—	NVR Inc.	19,787	$47.7M	0.3%	$1220.12	—	COM	62944t105
KW	Kennedy-Wilson Hld.	2,495,763	$47.54M	0.3%	$21.22	-4.7%	COM	489398107
MSM	MSC Industrial Direct	523,870	$45.03M	0.3%	$77.63	+13.3%	COM	553530106
—	Greenlight Capital	2,065,537	$43.17M	0.3%	$23.70	—	COM	g4095j109
—	Applied Ind. Tech.	731,023	$43.17M	0.3%	$39.66	—	COM	03820c105
ZION	Zions Bancorporation	903,272	$39.66M	0.2%	$27.28	+50.9%	COM	989701107
VMI	Valmont Industries	263,400	$39.41M	0.2%	$148.66	+1.1%	COM	920253101
CSL	Carlisle Cos. Inc.	382,818	$36.52M	0.2%	$65.18	+39.1%	COM	142339100
—	MKS Instruments	479,236	$32.25M	0.2%	$28.02	—	COM	55306n104
FDS	Factset Research Sys.	191,300	$31.79M	0.2%	$149.80	0.0%	COM	303075105
—	ViaSat, Inc.	437,285	$28.95M	0.2%	$66.20	—	COM	92552v100
CASY	Casey's General Stores	265,751	$28.46M	0.2%	$107.43	-2.4%	COM	147528103
FRFHF	Fairfax Financial	6,700	$2.9M	0.0%	$317.58	+20.2%	COM	303901102
—	Smiths Group PLC - ADR	10,400	$221K	0.0%	$15.77	—	COM	83238p203
—	Net 1 UEPS Technologies Inc.	12,700	$125K	0.0%	$7.34	—	COM	64107n206