Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PEP	PepsiCo, Inc.	5,844,577	$801M	9.8%	$137.10 *	$56.35	+94.0%	COM	713448108
PG	Procter & Gamble	6,372,961	$793M	9.7%	$124.38 *	$55.60	+81.6%	COM	742718109
JNJ	Johnson & Johnson	4,616,467	$597M	7.3%	$129.38 *	$59.86	+83.8%	COM	478160104
DIS	Walt Disney Company	4,306,872	$561M	6.9%	$130.32 *	$107.88	+24.4%	COM	254687106
KO	Coca-Cola Co.	10,087,543	$549M	6.8%	$54.44 *	$27.47	+60.0%	COM	191216100
ORCL	Oracle Corporation	8,023,341	$442M	5.4%	$55.03 *	$29.91	+68.4%	COM	68389X105
MSFT	Microsoft Corp.	3,062,273	$426M	5.2%	$139.03 *	$26.70	+386.5%	COM	594918104
BKNG	Booking Hldgs Inc. Com	212,873	$418M	5.1%	$1962.61 *	$1755.46	+8.5%	COM	09857L108
M	Macy's Inc.	23,761,884	$369M	4.5%	$15.54 *	$20.48	-9.6%	COM	55616P104
SYY	Sysco Corporation	4,034,313	$320M	3.9%	$79.40 *	$25.68	+140.6%	COM	871829107
USB	U.S. Bancorp	4,739,504	$262M	3.2%	$55.34 *	$23.16	+77.6%	COM	902973304
STT	State Street Corp	4,298,033	$254M	3.1%	$59.19 *	$49.35	-8.8%	COM	857477103
FOX	Fox Corp B	7,723,034	$244M	3.0%	$31.54	$34.31	-8.1%	COM	35137L204
CSCO	Cisco Systems Inc.	4,494,438	$222M	2.7%	$49.41 *	$15.23	+181.0%	COM	17275R102
GOOG	Alphabet Inc.	181,588	$221M	2.7%	$1219.00 *	$55.69	+5.5%	COM	02079K107
ELV	Anthem Inc.	740,224	$178M	2.2%	$240.10 *	$105.54	+138.1%	COM	036752103
CTSH	Cognizant Technology Solutions	2,715,515	$164M	2.0%	$60.27 *	$58.05	-1.1%	COM	192446102
BK	BNY Mellon Corp.	3,619,476	$164M	2.0%	$45.21 *	$22.26	+66.2%	COM	064058100
XOM	Exxon Mobil Corp.	2,295,836	$162M	2.0%	$70.61 *	$53.88	-0.2%	COM	30231G102
NWSA	News Corp Cl A	11,137,008	$155M	1.9%	$13.92 *	$12.60	+1.5%	COM	65249B109
COP	ConocoPhillips	2,230,369	$127M	1.6%	$56.98 *	$40.39	+12.2%	COM	20825C104
WFC	Wells Fargo & Co	2,022,365	$102M	1.3%	$50.44 *	$28.11	+41.6%	COM	949746101
CL	Colgate-Palmolive	1,257,600	$92.45M	1.1%	$73.51 *	$44.84	+39.5%	COM	194162103
CMCSA	Comcast Cl A	1,821,300	$82.1M	1.0%	$45.08 *	$26.70	+40.5%	COM	20030N101
FOXA	Fox Corp A	2,492,697	$78.61M	1.0%	$31.53	$34.40	-7.6%	COM	35137L105
UHAL	Amerco	178,249	$69.52M	0.9%	$390.04 *	$34.98	+5.6%	COM	023586100
GS	Goldman Sachs Grp	256,900	$53.24M	0.7%	$207.23 *	$151.67	+18.4%	COM	38141G104
GLW	Corning Inc.	1,220,252	$34.8M	0.4%	$28.52 *	$10.49	+138.3%	COM	219350105
—	Graftech International LTD	2,360,831	$30.22M	0.4%	$12.80	$12.02	—	COM	384313508
BRK/B	Berkshire Hath B	126,892	$26.4M	0.3%	$208.02	$183.63	+12.2%	COM	084670702
ACA	ARCOSA INC	643,194	$22M	0.3%	$34.21	$26.73	+26.7%	COM	039653100
MU	Micron Technology Inc	503,638	$21.58M	0.3%	$42.85 *	$43.03	+2.5%	COM	595112103
BRK/A	Berkshire Hath A	65	$20.27M	0.2%	$311830.77	$244748.08	+26.4%	COM	084670108
INFY	Infosys Ltd	1,600,034	$18.19M	0.2%	$11.37	$12.54	—	ADR	456788108
—	Unilever N.V.	257,095	$15.43M	0.2%	$60.03	$58.98	—	ADR	904784709
MSM	MSC Industrial Direct Co.	185,182	$13.43M	0.2%	$72.53 *	$70.03	0.0%	COM	553530106
CLX	Clorox Company	58,830	$8.935M	0.1%	$151.88 *	$62.45	+109.5%	COM	189054109
SYK	Stryker Corporation	25,810	$5.583M	0.1%	$216.31 *	$57.94	+245.5%	COM	863667101
RDI	Reading International, Inc.	228,000	$2.727M	0.0%	$11.96 *	$14.82	-14.8%	COM	755408101
PM	Philip Morris Intl	23,501	$1.784M	0.0%	$75.91 *	$49.85	+13.8%	COM	718172109
HSY	Hershey Co.	9,500	$1.472M	0.0%	$154.95 *	$77.82	+67.3%	COM	427866108
SCHW	Charles Schwab Corp	34,700	$1.452M	0.0%	$41.84 *	$39.68	-7.0%	COM	808513105
—	Spark Networks SE	220,000	$1.217M	0.0%	$5.53	$5.53	—	ADR	846517100
MO	Altria Group Inc.	22,500	$920K	0.0%	$40.89 *	$16.28	+69.6%	COM	02209S103
SPY	SPDR S&P 500 ETF	1,477	$438K	0.0%	$296.55	$274.47	—	COM	78462F103
—	Otelco Inc.	34,031	$404K	0.0%	$11.87	$13.34	—	COM	688823301
CHRW	CH Robinson WW	3,900	$331K	0.0%	$84.87 *	$42.78	+68.5%	COM	12541W209
CRMT	America's CAR MART Inc	3,300	$303K	0.0%	$91.82 *	$27.90	+217.7%	COM	03062T105