Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	Berkshire Hathaway	3,317,700	$710M	35.4%	$102.36	+100.4%	Call	084670702
BRK/B	Berkshire Hathaway	1,210,933	$259M	12.9%	$102.36	+100.4%	COM	084670702
—	FedEx	314,659	$75.77M	3.8%	$172.19	—	COM	31428x106
—	Brookfield Asset Mgmt	1,591,655	$70.88M	3.5%	$43.02	—	COM	112585104
QCOM	Qualcomm	947,820	$68.27M	3.4%	$46.55	+17.4%	COM	747525103
AXP	American Express	577,814	$61.53M	3.1%	$73.66	+27.8%	COM	025816109
SU	Suncor	1,560,920	$60.39M	3.0%	$21.95	+38.8%	COM	867224107
BFH	Alliance Data Sys	249,955	$59.03M	2.9%	$170.90	-3.0%	COM	018581108
KMX	CarMax	752,492	$56.19M	2.8%	$65.37	+16.7%	COM	143130102
—	Cimpress NV	399,577	$54.59M	2.7%	$90.30	—	COM	045290255
WFC	Wells Fargo	1,025,185	$53.88M	2.7%	$33.18	+40.2%	COM	949746101
—	Hanesbrands	2,719,356	$50.12M	2.5%	$22.53	—	COM	410345102
AZO	Autozone	62,736	$48.66M	2.4%	$640.82	+14.9%	COM	053332102
BRK/A	Berkshire Hathaway 'A'	147	$47.04M	2.3%	$213127.90	+45.3%	COM	084670108
LKQ	LKQ Corp	1,478,503	$46.82M	2.3%	$28.76	+3.7%	COM	501889208
—	Spectrum Brands	606,460	$45.31M	2.3%	$101.83	—	COM	84763r101
INGR	Ingredion	427,213	$44.84M	2.2%	$92.92	+9.9%	COM	457187102
IBM	IBM	222,838	$33.7M	1.7%	$129.60	-21.9%	COM	459200101
—	Naspers Limited	726,188	$31.07M	1.5%	$42.79	—	COM	631512100
AN	AutoNation	727,445	$30.23M	1.5%	$45.59	+1.5%	COM	05329W102
—	Walgreen Boots Alliance	407,792	$29.73M	1.5%	$67.00	—	COM	931427108
—	General Electric	2,492,976	$28.15M	1.4%	$12.93	—	COM	369604103
—	Verizon	111,385	$5.947M	0.3%	$48.87	—	COM	92343v104
—	Anheuser-Busch InBev	44,800	$3.923M	0.2%	$109.55	—	COM	03524a108
USB	US Bancorp	65,980	$3.484M	0.2%	$36.88	+6.1%	COM	902973304
FAST	Fastenal	58,380	$3.387M	0.2%	$8.66	+36.0%	COM	311900104
ABT	Abbott Labs	41,960	$3.078M	0.2%	$37.16	+55.6%	COM	002824100
DIS	Disney (Walt)	23,730	$2.775M	0.1%	$95.77	+11.3%	COM	254687106
JNJ	Johnson & Johnson	17,000	$2.349M	0.1%	$95.97	+12.6%	COM	478160104
AAPL	Apple	10,377	$2.342M	0.1%	$69.78	-29.4%	COM	037833100
SBUX	Starbucks	29,960	$1.703M	0.1%	$45.07	0.0%	COM	855244109
MSFT	Microsoft	8,706	$996K	0.0%	$48.36	+108.4%	COM	594918104
CMG	Chipotle Mexican Grill	1,860	$845K	0.0%	$6.56	+44.9%	COM	169656105
—	Biglari Cl A	903	$833K	0.0%	$949.56	—	COM	08986r408
MKL	Markel	608	$723K	0.0%	$685.13	+71.8%	COM	570535104
AMGN	Amgen	3,080	$638K	0.0%	$115.73	+36.0%	COM	031162100
—	Express Scripts	6,175	$587K	0.0%	$78.07	—	COM	30219g108
TRUP	Trupanion Inc.	15,150	$541K	0.0%	$34.11	+13.2%	COM	898202106
—	Goldman Sachs	2,380	$534K	0.0%	$239.23	—	COM	38141g104
XT	IShares Exponential Technologi	12,100	$469K	0.0%	$34.85	—	ETF	46434V381
—	Lab Corp of America	2,455	$426K	0.0%	$121.44	—	COM	50540r409
—	SPDR S&P 500	1,414	$411K	0.0%	$249.88	—	ETF	78462f103
CVX	Chevron	3,127	$382K	0.0%	$72.58	+21.1%	COM	166764100
CFG	Citizens Financial Group	8,800	$339K	0.0%	$25.86	+13.5%	COM	174610105
BAC	Bank of America	10,716	$316K	0.0%	$14.11	+80.4%	COM	060505104
CAT	Caterpillar Tractor	1,970	$300K	0.0%	$132.69	-9.2%	COM	149123101
WGO	Winnebago	8,700	$288K	0.0%	$46.08	-16.2%	COM	974637100
GLW	Corning	7,950	$281K	0.0%	$12.46	+112.5%	COM	219350105
C	Citigroup	3,900	$280K	0.0%	$40.63	+34.8%	COM	172967424
—	Conocophillips	3,604	$279K	0.0%	$49.95	—	COM	20825c104
PSX	Phillips 66	2,453	$276K	0.0%	$56.57	+52.1%	COM	718546104
—	Ensco	31,525	$266K	0.0%	$25.18	—	COM	g3157s106
HAL	Halliburton	6,251	$253K	0.0%	$37.70	-5.7%	COM	406216101
—	Capital One Fin'l	2,500	$237K	0.0%	$87.35	—	COM	14040h105
PBA	Pembina Pipeline	6,900	$235K	0.0%	$19.87	+16.5%	COM	706327103
—	Jeffries	10,100	$222K	0.0%	$22.76	—	COM	472319102
—	L Brands	6,900	$209K	0.0%	$47.53	—	COM	501797104