Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	124,450	$17.19M	16.9%	$138.14	$115.63	+19.5%	CL B NEW	084670702
AAPL	APPLE INC	64,247	$6.473M	6.4%	$100.75 *	$18.34	+21.3%	COM	037833100
WFC	WELLS FARGO & CO NEW	116,075	$6.021M	5.9%	$51.87 *	$30.76	+23.0%	COM	949746101
BRK/A	BERKSHIRE HATHAWAY INC DEL	22	$4.552M	4.5%	$206909.09	$173485.66	+19.3%	CL A	084670108
—	LEUCADIA NATL CORP	188,235	$4.488M	4.4%	$23.84	$27.61	—	COM	527288104
AIG	AMERICAN INTL GROUP INC	82,775	$4.472M	4.4%	$54.03 *	$37.86	+9.3%	COM NEW	026874784
—	BURGER KING WORLDWIDE INC	138,900	$4.12M	4.1%	$29.66	$22.86	—	COM	121220107
AXP	AMERICAN EXPRESS CO	46,300	$4.053M	4.0%	$87.54 *	$69.27	+7.4%	COM	025816109
JNJ	JOHNSON & JOHNSON	36,855	$3.928M	3.9%	$106.58 *	$65.75	+18.6%	COM	478160104
UPS	UNITED PARCEL SERVICE INC	36,700	$3.607M	3.5%	$98.28 *	$64.45	+2.2%	CL B	911312106
—	WPX ENERGY INC	140,600	$3.383M	3.3%	$24.06	$20.38	—	COM	98212B103
KO	COCA COLA CO	78,316	$3.341M	3.3%	$42.66 *	$26.95	+11.1%	COM	191216100
—	WYNDHAM WORLDWIDE CORP	40,800	$3.315M	3.3%	$81.25	$73.23	—	COM	98310W108
PSMT	PRICESMART INC	32,389	$2.774M	2.7%	$85.65 *	$97.68	-23.3%	COM	741511109
MDLZ	MONDELEZ INTL INC	79,807	$2.735M	2.7%	$34.27 *	$25.52	+4.8%	CL A	609207105
GM	GENERAL MTRS CO	76,900	$2.456M	2.4%	$31.94 *	$28.17	-13.2%	COM	37045V100
—	PANHANDLE OIL AND GAS INC	39,868	$2.38M	2.3%	$59.70	$33.41	—	CL A	698477106
—	HARBINGER GROUP INC	173,700	$2.279M	2.2%	$13.12	$12.70	—	COM	41146a106
COST	COSTCO WHSL CORP NEW	16,990	$2.129M	2.1%	$125.31 *	$95.15	+5.9%	COM	22160K105
GNW	GENWORTH FINL INC	133,130	$1.744M	1.7%	$13.10	$14.45	-9.3%	COM CL A	37247D106
PEP	PEPSICO INC	18,650	$1.736M	1.7%	$93.08 *	$57.75	+15.1%	COM	713448108
—	JOHNSON CTLS INC	29,300	$1.289M	1.3%	$43.99	$51.30	—	COM	478366107
—	UNILEVER PLC	30,492	$1.278M	1.3%	$41.91	$41.21	—	SPON ADR NEW	904767704
MA	MASTERCARD INC	13,000	$961K	0.9%	$73.92 *	$72.35	-4.6%	CL A	57636Q104
VRSK	VERISK ANALYTICS INC	14,800	$901K	0.9%	$60.88 *	$62.76	-7.3%	CL A	92345Y106
CNI	CANADIAN NATL RY CO	12,350	$876K	0.9%	$70.93 *	$44.31	+30.8%	COM	136375102
—	PLATFORM SPECIALTY PRODS COR	32,000	$801K	0.8%	$25.03	$28.03	—	COM	72766Q105
—	ALLEGHANY CORP DEL	1,875	$784K	0.8%	$418.13	$402.02	—	COM	017175100
VZ	VERIZON COMMUNICATIONS INC	13,500	$675K	0.7%	$50.00 *	$26.80	+4.4%	COM	92343V104
—	WELLS FARGO & CO NEW	33,000	$665K	0.7%	$20.15	$20.15	—	*W EXP 10/28/201	949746119
BP	BP PLC	14,056	$618K	0.6%	$43.97	$45.52	-3.4%	SPONSORED ADR	055622104
PG	PROCTER & GAMBLE CO	5,972	$500K	0.5%	$83.72 *	$58.01	+5.4%	COM	742718109
POST	POST HLDGS INC	14,600	$484K	0.5%	$33.15 *	$32.29	-32.7%	COM	737446104
NSC	NORFOLK SOUTHERN CORP	4,150	$463K	0.5%	$111.57 *	$65.71	+32.5%	COM	655844108
FMX	FOMENTO ECONOMICO MEXICANO S	5,015	$462K	0.5%	$92.12	$94.03	-2.1%	SPON ADR UNITS	344419106
—	U S G CORP	12,562	$345K	0.3%	$27.46	$28.37	—	COM NEW	903293405
—	KRAFT FOODS GROUP INC	5,986	$338K	0.3%	$56.47	$53.96	—	COM	50076q106
KMX	CARMAX INC	7,000	$325K	0.3%	$46.43	$49.02	-5.3%	COM	143130102
ACN	ACCENTURE PLC IRELAND	3,800	$309K	0.3%	$81.32 *	$61.54	+9.0%	SHS CLASS A	G1151C101
—	CEDAR FAIR L P	6,200	$293K	0.3%	$47.26	$49.52	—	DEPOSITRY UNIT	150185106
WMT	WAL-MART STORES INC	3,800	$291K	0.3%	$76.58 *	$20.35	+1.0%	COM	931142103
RYN	RAYONIER INC	9,125	$284K	0.3%	$31.12	$41.01	—	COM	754907103
TSBK	TIMBERLAND BANCORP INC	25,000	$263K	0.3%	$10.52 *	$6.31	+18.1%	COM	887098101
META	FACEBOOK INC	3,000	$237K	0.2%	$79.00	$61.09	+28.5%	CL A	30303M102
—	GOOGLE INC	400	$235K	0.2%	$587.50	$1120.00	—	CL A	38259P508
—	GOOGLE INC	400	$231K	0.2%	$577.50	$575.00	—	CL C	38259P706
COP	CONOCOPHILLIPS	3,000	$230K	0.2%	$76.67 *	$48.40	+9.7%	COM	20825C104
—	EXCO RESOURCES INC	61,000	$204K	0.2%	$3.34	$5.45	—	COM	269279402
EPD	ENTERPRISE PRODS PARTNERS L	4,960	$200K	0.2%	$40.32	$40.32	—	COM	293792107