Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	117,187	$15.95M	15.4%	$136.11	$115.63	+17.7%	CL B NEW	084670702
AAPL	APPLE INC	52,207	$6.548M	6.3%	$125.42 *	$18.34	+52.9%	COM	037833100
—	LEUCADIA NATL CORP	255,178	$6.196M	6.0%	$24.28	$26.63	—	COM	527288104
WFC	WELLS FARGO & CO NEW	109,145	$6.138M	5.9%	$56.24 *	$31.29	+33.7%	COM	949746101
QSR	RESTAURANT BRANDS INTL INC	115,521	$4.414M	4.3%	$38.21	$38.16	+0.1%	COM	76131D103
BRK/A	BERKSHIRE HATHAWAY INC DEL	21	$4.302M	4.2%	$204857.14	$173485.66	+18.1%	CL A	084670108
—	LIBERTY MEDIA CORP DELAWARE	101,000	$3.64M	3.5%	$36.04	$35.27	—	CL A	531229102
—	PRECISION CASTPARTS CORP	17,545	$3.507M	3.4%	$199.89	$209.46	—	COM	740189105
AIG	AMERICAN INTL GROUP INC	54,375	$3.361M	3.2%	$61.81 *	$37.86	+25.9%	COM NEW	026874784
DEO	DIAGEO P L C	28,950	$3.359M	3.2%	$116.03	$113.79	+2.0%	SPON ADR NEW	25243Q205
JNJ	JOHNSON & JOHNSON	33,255	$3.241M	3.1%	$97.46 *	$65.75	+10.7%	COM	478160104
—	ALLEGHANY CORP DEL	6,315	$2.96M	2.9%	$468.73	$461.77	—	COM	017175100
—	WYNDHAM WORLDWIDE CORP	36,100	$2.957M	2.9%	$81.91	$73.23	—	COM	98310W108
MDLZ	MONDELEZ INTL INC	70,707	$2.909M	2.8%	$41.14 *	$25.52	+27.3%	CL A	609207105
UPS	UNITED PARCEL SERVICE INC	29,950	$2.902M	2.8%	$96.89 *	$64.45	+2.8%	CL B	911312106
AXP	AMERICAN EXPRESS CO	36,100	$2.806M	2.7%	$77.73 *	$69.27	-3.4%	COM	025816109
PSMT	PRICESMART INC	29,582	$2.699M	2.6%	$91.24 *	$97.68	-17.9%	COM	741511109
—	DISCOVERY COMMUNICATNS NEW	73,175	$2.434M	2.3%	$33.26	$34.45	—	COM SER A	25470F104
GM	GENERAL MTRS CO	61,200	$2.04M	2.0%	$33.33 *	$28.17	-7.0%	COM	37045V100
COST	COSTCO WHSL CORP NEW	14,437	$1.95M	1.9%	$135.07 *	$95.15	+18.8%	COM	22160K105
—	PLATFORM SPECIALTY PRODS COR	73,650	$1.884M	1.8%	$25.58	$26.40	—	COM	72766Q105
—	HRG GROUP INC	126,700	$1.647M	1.6%	$13.00	$12.48	—	COM	40434J100
PEP	PEPSICO INC	17,350	$1.619M	1.6%	$93.31 *	$57.75	+17.8%	COM	713448108
—	PANHANDLE OIL AND GAS INC	66,936	$1.385M	1.3%	$20.69	$28.53	—	CL A	698477106
—	JOHNSON CTLS INC	25,250	$1.251M	1.2%	$49.54	$51.30	—	COM	478366107
MA	MASTERCARD INC	13,200	$1.234M	1.2%	$93.48 *	$72.48	+21.0%	CL A	57636Q104
—	UNILEVER PLC	28,292	$1.215M	1.2%	$42.95	$41.21	—	SPON ADR NEW	904767704
VZ	VERIZON COMMUNICATIONS INC	21,500	$1.002M	1.0%	$46.60 *	$27.50	-1.9%	COM	92343V104
POST	POST HLDGS INC	17,600	$949K	0.9%	$53.92 *	$32.04	+10.1%	COM	737446104
—	KRAFT FOODS GROUP INC	9,986	$850K	0.8%	$85.12	$66.44	—	COM	50076q106
—	WELLS FARGO & CO NEW	34,700	$780K	0.8%	$22.48	$20.24	—	*W EXP 10/28/201	949746119
CNI	CANADIAN NATL RY CO	12,350	$713K	0.7%	$57.73 *	$44.31	+7.6%	COM	136375102
VRSK	VERISK ANALYTICS INC	9,300	$677K	0.7%	$72.80 *	$62.76	+10.8%	COM	92345Y106
—	WPX ENERGY INC	38,400	$472K	0.5%	$12.29	$20.38	—	COM	98212B103
KMX	CARMAX INC	6,000	$397K	0.4%	$66.17	$49.02	+35.1%	COM	143130102
NSC	NORFOLK SOUTHERN CORP	4,150	$363K	0.4%	$87.47 *	$65.71	+6.1%	COM	655844108
—	CEDAR FAIR L P	6,200	$338K	0.3%	$54.52	$49.52	—	DEPOSITRY UNIT	150185106
—	GENERAL ELECTRIC CO	11,500	$306K	0.3%	$26.61	$24.82	—	COM	369604103
FMX	FOMENTO ECONOMICO MEXICANO S	3,090	$275K	0.3%	$89.00	$94.03	-5.3%	SPON ADR UNITS	344419106
—	GOOGLE INC	511	$266K	0.3%	$520.55	$564.32	—	CL C	38259P706
META	FACEBOOK INC	3,000	$257K	0.2%	$85.67	$61.09	+39.4%	CL A	30303M102
DVA	DAVITA HEALTHCARE PARTNERS I	3,200	$254K	0.2%	$79.38	$76.74	+3.6%	COM	23918K108
—	U S G CORP	8,962	$249K	0.2%	$27.78	$28.37	—	COM NEW	903293405
ACN	ACCENTURE PLC IRELAND	2,300	$223K	0.2%	$96.96 *	$61.54	+32.8%	SHS CLASS A	G1151C101
—	GOOGLE INC	400	$216K	0.2%	$540.00	$1120.00	—	CL A	38259P508
WMT	WAL-MART STORES INC	3,000	$213K	0.2%	$71.00 *	$20.35	-4.6%	COM	931142103
TSBK	TIMBERLAND BANCORP INC	15,000	$150K	0.1%	$10.00 *	$6.31	+14.1%	COM	887098101
GNW	GENWORTH FINL INC	11,130	$84,000	0.1%	$7.55	$14.45	-47.6%	COM CL A	37247D106