Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	113,434	$16.09M	16.3%	$141.88	$115.63	+22.7%	CL B NEW	084670702
AAPL	APPLE INC	49,935	$5.442M	5.5%	$108.98 *	$18.34	+34.7%	COM	037833100
WFC	WELLS FARGO & CO NEW	110,095	$5.324M	5.4%	$48.36 *	$31.45	+16.9%	COM	949746101
QSR	RESTAURANT BRANDS INTL INC	125,616	$4.878M	4.9%	$38.83	$38.05	+2.1%	COM	76131D103
BRK/A	BERKSHIRE HATHAWAY INC DEL	21	$4.482M	4.5%	$213428.57	$173485.66	+23.0%	CL A	084670108
—	LIBERTY MEDIA CORP DELAWARE	103,950	$4.016M	4.1%	$38.63	$35.29	—	CL A	531229102
—	LEUCADIA NATL CORP	223,523	$3.614M	3.7%	$16.17	$26.63	—	COM	527288104
JNJ	JOHNSON & JOHNSON	33,165	$3.588M	3.6%	$108.19 *	$65.75	+25.7%	COM	478160104
—	ALLEGHANY CORP DEL	6,165	$3.059M	3.1%	$496.19	$461.77	—	COM	017175100
UPS	UNITED PARCEL SERVICE INC	28,600	$3.016M	3.1%	$105.45 *	$64.45	+14.4%	CL B	911312106
—	WYNDHAM WORLDWIDE CORP	37,200	$2.843M	2.9%	$76.42	$73.19	—	COM	98310W108
DEO	DIAGEO P L C	26,025	$2.807M	2.8%	$107.86	$113.79	-5.2%	SPON ADR NEW	25243Q205
MDLZ	MONDELEZ INTL INC	69,502	$2.788M	2.8%	$40.11 *	$25.52	+25.6%	CL A	609207105
UNP	UNION PAC CORP	34,188	$2.72M	2.8%	$79.56 *	$71.00	-9.8%	COM	907818108
PSMT	PRICESMART INC	27,862	$2.357M	2.4%	$84.60 *	$97.68	-23.3%	COM	741511109
—	SOURCE CAP INC	62,075	$2.211M	2.2%	$35.62	$35.62	—	COM	836144105
AXP	AMERICAN EXPRESS CO	35,800	$2.198M	2.2%	$61.40 *	$69.27	-23.1%	COM	025816109
COST	COSTCO WHSL CORP NEW	13,385	$2.109M	2.1%	$157.56 *	$95.15	+39.7%	COM	22160K105
KMX	CARMAX INC	39,475	$2.017M	2.0%	$51.10	$60.63	-15.7%	COM	143130102
—	BROOKFIELD ASSET MGMT INC	57,300	$1.993M	2.0%	$34.78	$34.78	—	CL A LTD VT SH	112585104
PEP	PEPSICO INC	17,150	$1.758M	1.8%	$102.51 *	$57.75	+32.2%	COM	713448108
—	HRG GROUP INC	122,000	$1.699M	1.7%	$13.93	$12.48	—	COM	40434J100
GM	GENERAL MTRS CO	53,600	$1.685M	1.7%	$31.44 *	$28.12	-9.0%	COM	37045V100
—	PLATFORM SPECIALTY PRODS COR	164,800	$1.417M	1.4%	$8.60	$18.75	—	COM	72766Q105
—	UNILEVER PLC	28,292	$1.278M	1.3%	$45.17	$41.21	—	SPON ADR NEW	904767704
DVN	DEVON ENERGY CORP NEW	44,700	$1.227M	1.2%	$27.45 *	$28.36	-32.0%	COM	25179M103
POST	POST HLDGS INC	17,600	$1.21M	1.2%	$68.75 *	$32.04	+40.5%	COM	737446104
MA	MASTERCARD INC	12,530	$1.184M	1.2%	$94.49 *	$72.48	+23.0%	CL A	57636Q104
—	PANHANDLE OIL AND GAS INC	66,936	$1.159M	1.2%	$17.32	$28.53	—	CL A	698477106
KHC	KRAFT HEINZ CO	12,953	$1.018M	1.0%	$78.59 *	$47.73	+6.9%	COM	500754106
—	DISCOVERY COMMUNICATNS NEW	35,250	$1.009M	1.0%	$28.62	$33.49	—	COM SER A	25470F104
—	JOHNSON CTLS INC	19,550	$762K	0.8%	$38.98	$51.30	—	COM	478366107
CNI	CANADIAN NATL RY CO	11,950	$746K	0.8%	$62.43 *	$44.31	+17.9%	COM	136375102
VRSK	VERISK ANALYTICS INC	9,300	$743K	0.8%	$79.89 *	$62.76	+21.7%	COM	92345Y106
—	WELLS FARGO & CO NEW	32,200	$504K	0.5%	$15.65	$20.24	—	*W EXP 10/28/201	949746119
VZ	VERIZON COMMUNICATIONS INC	7,700	$416K	0.4%	$54.03 *	$27.50	+18.1%	COM	92343V104
GOOG	ALPHABET INC	511	$381K	0.4%	$745.60 *	$35.61	+3.8%	CAP STK CL C	02079K107
—	CEDAR FAIR L P	6,200	$369K	0.4%	$59.52	$49.52	—	DEPOSITRY UNIT	150185106
META	FACEBOOK INC	3,000	$342K	0.3%	$114.00	$61.09	+85.5%	CL A	30303M102
NSC	NORFOLK SOUTHERN CORP	3,900	$325K	0.3%	$83.33 *	$65.71	+3.5%	COM	655844108
GOOGL	ALPHABET INC	400	$305K	0.3%	$762.50 *	$36.73	+3.1%	CAP STK CL A	02079K305
FMX	FOMENTO ECONOMICO MEXICANO S	3,040	$293K	0.3%	$96.38	$94.03	+2.4%	SPON ADR UNITS	344419106
—	GENERAL ELECTRIC CO	9,100	$289K	0.3%	$31.76	$31.10	—	COM	369604103
ACN	ACCENTURE PLC IRELAND	2,300	$265K	0.3%	$115.22 *	$61.54	+60.1%	SHS CLASS A	G1151C101
KO	COCA COLA CO	5,270	$244K	0.2%	$46.30 *	$28.93	+18.0%	COM	191216100
SRG	SERITAGE GROWTH PPTYS	4,750	$237K	0.2%	$49.89 *	$38.51	+20.9%	CL A	81752R100
TSBK	TIMBERLAND BANCORP INC	15,000	$190K	0.2%	$12.67 *	$6.31	+47.2%	COM	887098101