Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AAPL	APPLE INC	165,333,962	$27.98B	14.6%	$169.23	—	—	COM	037833100
WFC	WELLS FARGO & CO NEW	458,232,268	$27.8B	14.5%	$60.67	—	—	COM	949746101
KHC	KRAFT HEINZ CO	325,634,818	$25.32B	13.2%	$77.76	—	—	COM	500754106
BAC	BANK AMER CORP	679,000,000	$20.04B	10.5%	$29.52	—	—	COM	060505104
KO	COCA COLA CO	400,000,000	$18.35B	9.6%	$45.88	—	—	COM	191216100
AXP	AMERICAN EXPRESS CO	151,610,700	$15.06B	7.9%	$99.31	—	—	COM	025816109
PSX	PHILLIPS 66	80,689,892	$8.162B	4.3%	$101.15	—	—	COM	718546104
USB	US BANCORP DEL	87,058,877	$4.665B	2.4%	$53.58	—	—	COM NEW	902973304
MCO	MOODYS CORP	24,669,778	$3.642B	1.9%	$147.61	—	—	COM	615369105
BK	BANK OF NEW YORK MELLON CORP	60,818,783	$3.276B	1.7%	$53.86	—	—	COM	064058100
LUV	SOUTHWEST AIRLS CO	47,659,456	$3.119B	1.6%	$65.45	—	—	COM	844741108
DAL	DELTA AIR LINES INC DEL	53,110,395	$2.974B	1.6%	$56.00	—	—	COM NEW	247361702
CHTR	CHARTER COMMUNICATIONS INC N	8,489,391	$2.852B	1.5%	$335.96	—	—	CL A	16119P108
GS	GOLDMAN SACHS GROUP INC	10,959,519	$2.792B	1.5%	$254.76	—	—	COM	38141G104
DVA	DAVITA HEALTHCARE PARTNERS I	38,565,570	$2.786B	1.5%	$72.25	—	—	COM	23918K108
AAL	AMERICAN AIRLS GROUP INC	46,000,000	$2.393B	1.3%	$52.03	—	—	COM	02376R102
GM	GENERAL MTRS CO	50,000,000	$2.05B	1.1%	$40.99	—	—	COM	37045V100
UAL	UNITED CONTL HLDGS INC	28,211,563	$1.901B	1.0%	$67.40	—	—	COM	910047109
—	U S G CORP	39,002,016	$1.504B	0.8%	$38.56	—	—	COM NEW	903293405
VRSN	VERISIGN INC	12,952,745	$1.482B	0.8%	$114.44	—	—	COM	92343E102
—	MOSANTO CO NEW	11,708,747	$1.367B	0.7%	$116.78	—	—	COM	61166W101
—	LIBERTY MEDIA CORP DELAWARE	31,090,985	$1.233B	0.6%	$39.66	—	—	COM C SIRIUSXM	531229607
V	VISA INC	10,562,460	$1.204B	0.6%	$114.02	—	—	COM CL A	92826C839
MTB	M & T BK CORP	5,382,040	$920M	0.5%	$170.99	—	—	COM	55261F104
COST	COSTCO WHSL CORP NEW	4,333,363	$807M	0.4%	$186.12	—	—	COM	22160K105
SYF	SYNCHRONY FINL	20,803,000	$803M	0.4%	$38.61	—	—	COM	87165B103
AXTA	AXALTA COATING SYS LTD	23,324,000	$755M	0.4%	$32.36	—	—	COM	G0750C108
MA	MASTERCARD INC	4,934,756	$747M	0.4%	$151.36	—	—	CL A	57636Q104
—	SIRIUS XM HLDGS INC	137,915,729	$739M	0.4%	$5.36	—	—	COM	82968B103
LBTYAUSD	LIBERTY GLOBAL PLC	20,180,897	$723M	0.4%	$35.84	—	—	SHS CL A	G5480U104
—	LIBERTY MEDIA CORP DELAWARE	14,860,360	$589M	0.3%	$39.66	—	—	COM A SIRIUSXM	531229409
—	TORCHMARK CORP	6,353,727	$576M	0.3%	$90.71	—	—	COM	891027104
QSR	RESTAURANT BRANDS INTL INC	8,438,225	$519M	0.3%	$61.48	—	—	COM	76131D103
—	STORE CAP CORP	18,621,674	$485M	0.3%	$26.04	—	—	COM	862121100
TEVA	TEVA PHARMACEUTICAL INDS LTD	18,875,721	$358M	0.2%	$18.95	—	—	SPONSORED ADR	881624209
IBM	INTERNATIONAL BUSINESS MACHS	2,048,045	$314M	0.2%	$153.42	—	—	COM	459200101
—	LIBERTY GLOBAL PLC	7,346,968	$249M	0.1%	$33.84	—	—	SHS CL C	G5480U120
SNY	SANOFI	3,878,524	$167M	0.1%	$43.00	—	—	SPONSORED ADR	80105N105
VRSK	VERISK ANALYTICS INC	1,563,434	$150M	0.1%	$96.00	—	—	CL A	92345Y106
WMT	WAL MART STORES INC	1,393,513	$138M	0.1%	$98.75	—	—	COM	931142103
GHC	GRAHAM HLDGS CO	107,575	$60.06M	0.0%	$558.35	—	—	COM	384637104
—	LIBERTY GLOBAL PLC	2,714,854	$54.7M	0.0%	$20.15	—	—	LILAC SHS CL A	G5480U138
JNJ	JOHNSON & JOHNSON	327,100	$45.7M	0.0%	$139.72	—	—	COM	478160104
PG	PROCTER & GAMBLE CO	315,400	$28.98M	0.0%	$91.88	—	—	COM	742718109
—	LIBERTY GLOBAL PLC	1,284,020	$25.54M	0.0%	$19.89	—	—	LILAC SHS CL C	G5480U153
MDLZ	MONDELEZ INTL INC	578,000	$24.74M	0.0%	$42.80	—	—	CL A	609207105
UPS	UNITED PARCEL SERVICE INC	59,400	$7.078M	0.0%	$119.16	—	—	CL B	911312106
VZ	VERIZON COMMUNICATIONS INC	928	$49,000	0.0%	$52.80	—	—	COM	92343V104