Location: Tucson, AZ
CIK: 0001036325 · Show all filings
Period: Q1 2016 (← Previous) (Next →)
Filing Date: May 13, 2016
Total Value: $22.6B (99.8% shares, 0.2% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| AMZN | Amazon.Com, Inc. | 2,662,030 | $1.58B | 7.0% | $16.54 | +71.6% | Common | 023135106 |
| WFC | Wells Fargo & Co. | 23,933,513 | $1.157B | 5.1% | $27.36 | +35.6% | Common | 949746101 |
| JPM | JPMorgan Chase & Co. | 17,643,028 | $1.045B | 4.6% | $40.83 | +9.9% | Common | 46625H100 |
| BRK/A | Berkshire Hathaway Inc., Class A | 4,866 | $1.039B | 4.6% | $168191.69 | +18.6% | Common | 084670108 |
| GOOG | Alphabet Inc., Class C | 1,378,116 | $1.027B | 4.5% | $35.61 | -0.2% | Common | 02079K107 |
| — | United Technologies Corp. | 8,878,907 | $889M | 3.9% | $89.12 | — | Common | 913017109 |
| AXP | American Express Co. | 14,167,186 | $870M | 3.8% | $59.62 | -15.3% | Common | 025816109 |
| — | Apache Corporation | 17,174,195 | $838M | 3.7% | $45.45 | — | Common | 037411105 |
| BK | Bank of New York Mellon Corp. | 20,701,094 | $762M | 3.4% | $21.22 | +32.7% | Common | 064058100 |
| GOOGL | Alphabet Inc., Class A | 925,559 | $706M | 3.1% | $36.73 | -0.5% | Common | 02079K305 |
| — | Monsanto Co. | 8,043,218 | $706M | 3.1% | $86.72 | — | Common | 61166W101 |
| KMX | CarMax, Inc. | 11,115,985 | $568M | 2.5% | $46.13 | +2.3% | Common | 143130102 |
| — | Liberty Global PLC, Series C | 13,859,787 | $521M | 2.3% | $51.51 | — | Common | G5480U120 |
| UNH | UnitedHealth Group, Inc. | 3,810,683 | $491M | 2.2% | $51.13 | +97.3% | Common | 91324P102 |
| — | Encana Corporation | 74,073,062 | $451M | 2.0% | $14.07 | — | Foreign | 292505104 |
| TXN | Texas Instruments, Inc. | 7,405,233 | $425M | 1.9% | $25.31 | +60.1% | Common | 882508104 |
| OXY | Occidental Petroleum Corp. | 5,786,068 | $396M | 1.8% | $51.24 | -1.7% | Common | 674599105 |
| V | Visa, Inc., Class A | 5,164,623 | $395M | 1.7% | $55.96 | +21.2% | Common | 92826C839 |
| — | Praxair, Inc. | 3,431,720 | $393M | 1.7% | $124.28 | — | Common | 74005P104 |
| CTRA | Cabot Oil & Gas Corp. | 17,271,559 | $392M | 1.7% | $23.15 | -37.0% | Common | 127097103 |
| SCHW | Charles Schwab Corp. | 13,715,337 | $384M | 1.7% | $18.10 | +28.8% | Common | 808513105 |
| COST | Costco Wholesale Corp. | 2,328,833 | $367M | 1.6% | $86.56 | +47.6% | Common | 22160K105 |
| — | Johnson Controls, Inc. | 9,150,143 | $357M | 1.6% | $40.81 | — | Common | 478366107 |
| — | Express Scripts Holding Co. | 5,142,979 | $353M | 1.6% | $66.22 | — | Common | 30219G108 |
| LVS | Las Vegas Sands Corp. | 6,549,295 | $338M | 1.5% | $53.28 | -33.7% | Common | 517834107 |
| MKL | Markel Corp. | 330,052 | $294M | 1.3% | $537.63 | +59.9% | Common | 570535104 |
| META | Facebook, Inc. | 2,528,165 | $288M | 1.3% | $102.08 | +2.6% | Common | 30303M102 |
| CB | Chubb Ltd. | 2,325,696 | $277M | 1.2% | $96.06 | 0.0% | Common | H1467J104 |
| — | The Priceline Group, Inc. | 211,108 | $272M | 1.2% | $1014.43 | — | Common | 741503403 |
| — | Tyco International PLC | 7,226,906 | $265M | 1.2% | $36.71 | — | Common | G91442106 |
| MSFT | Microsoft Corp. | 4,784,499 | $264M | 1.2% | $26.70 | +72.5% | Common | 594918104 |
| COF | Capital One Financial Corp. | 3,718,000 | $258M | 1.1% | $66.08 | -16.2% | Common | 14040H105 |
| DGX | Quest Diagnostics Inc. | 3,314,772 | $237M | 1.0% | $46.62 | +18.3% | Common | 74834L100 |
| BRK/B | Berkshire Hathaway Inc., Class B | 1,658,395 | $235M | 1.0% | $117.25 | +13.1% | Common | 084670702 |
| L | Loews Corp. | 6,082,255 | $233M | 1.0% | $42.08 | -16.5% | Common | 540424108 |
| ECL | Ecolab, Inc. | 2,074,147 | $231M | 1.0% | $74.29 | +28.3% | Common | 278865100 |
| CFG | Citizens Financial Group, Inc. | 10,968,201 | $230M | 1.0% | $16.44 | -10.6% | Common | 174610105 |
| PCAR | PACCAR, Inc. | 3,922,762 | $215M | 0.9% | $21.70 | +7.3% | Common | 693718108 |
| ORCL | Oracle Corporation | 5,060,848 | $207M | 0.9% | $27.58 | +15.8% | Common | 68389X105 |
| — | Laboratory Corporation of America Hldg | 1,701,662 | $199M | 0.9% | $98.38 | — | Common | 50540R409 |
| — | Valeant Pharmaceuticals International | 7,240,337 | $190M | 0.8% | $71.55 | — | Common | 91911K102 |
| MCO | Moody's Corp. | 1,594,083 | $154M | 0.7% | $73.12 | +11.6% | Common | 615369105 |
| AAP | Advanced Auto Parts, Inc. | 720,509 | $116M | 0.5% | $133.61 | -1.4% | Common | 00751Y106 |
| — | Soufun Holdings Ltd., Class A ADR | 17,797,252 | $107M | 0.5% | $14.01 | — | ADR | 836034108 |
| — | Wesco Aircraft Holdings, Inc. | 6,048,330 | $87.03M | 0.4% | $19.26 | — | Common | 950814103 |
| HPQ | HP, Inc. | 6,618,192 | $81.54M | 0.4% | $7.77 | -0.8% | Common | 40434L105 |
| — | Liberty Interactive Corp., QVC Group, Series A | 2,910,883 | $73.5M | 0.3% | $23.18 | — | Common | 53071M104 |
| — | Liberty Ventures Series A | 1,703,142 | $66.63M | 0.3% | $57.66 | — | Common | 53071M880 |
| — | Quotient Technology, Inc. | 5,768,609 | $61.15M | 0.3% | $6.82 | — | Common | 749119103 |
| USB | US Bancorp | 1,076,949 | $43.71M | 0.2% | $27.06 | +2.7% | Common | 902973304 |
| GS | Goldman Sachs Group, Inc. | 252,507 | $39.64M | 0.2% | $122.82 | +2.8% | Common | 38141G104 |
| EG | Everest Re Group, Ltd. | 198,772 | $39.24M | 0.2% | $99.45 | +50.9% | Common | G3223R108 |
| SPG | Simon Property Group, Inc. | 179,437 | $37.27M | 0.2% | $96.38 | +20.3% | Common | 828806109 |
| JD | JD.com, Inc ADR | 1,387,310 | $36.76M | 0.2% | $25.95 | — | ADR | 47215P106 |
| BXP | Boston Properties, Inc. | 280,810 | $35.69M | 0.2% | $71.73 | +10.7% | Common | 101121101 |
| MRSH | Marsh & McLennan Co. | 505,050 | $30.7M | 0.1% | $38.81 | +22.1% | Common | 571748102 |
| BIDU | Baidu, Inc. Class A, ADR | 144,214 | $27.53M | 0.1% | $187.10 | — | ADR | 056752108 |
| — | CyrusOne, Inc. | 590,500 | $26.96M | 0.1% | $31.01 | — | Common | 23283R100 |
| WCC | Wesco International, Inc. | 481,128 | $26.3M | 0.1% | $58.00 | -25.5% | Common | 95082P105 |
| TRNO | Terreno Realty Corp. | 1,108,266 | $25.99M | 0.1% | $20.79 | — | Common | 88146M101 |
| AKR | Acadia Realty Trust | 733,787 | $25.78M | 0.1% | $27.76 | — | Common | 004239109 |
| — | Angie's List, Inc. | 3,193,318 | $25.77M | 0.1% | $15.70 | — | Common | 034754101 |
| VIPS | Vipshop Holdings Ltd. ADS | 1,990,504 | $25.64M | 0.1% | $17.47 | — | ADR | 92763W103 |
| — | Liberty Global PLC, LiLAC Class C | 664,593 | $25.18M | 0.1% | $34.24 | — | Common | G5480U153 |
| EGP | Eastgroup Properties, Inc. | 403,897 | $24.38M | 0.1% | $57.53 | — | Common | 277276101 |
| STT | State Street Corp. | 406,155 | $23.77M | 0.1% | $42.64 | 0.0% | Common | 857477103 |
| KRG | Kite Realty Group Trust | 852,976 | $23.64M | 0.1% | $25.58 | — | Common | 49803T300 |
| — | CatchMark Timber Trust Inc., Class A | 2,163,460 | $23.43M | 0.1% | $11.02 | — | Common | 14912Y202 |
| — | Brookfield Asset Management Inc., Class A | 665,425 | $23.15M | 0.1% | $36.14 | — | Foreign | 112585104 |
| — | American Campus Communities, Inc. | 481,264 | $22.66M | 0.1% | $38.21 | — | Common | 024835100 |
| PNC | PNC Financial Services Group, Inc. | 263,613 | $22.29M | 0.1% | $61.97 | 0.0% | Common | 693475105 |
| — | Cousins Properties, Inc. | 2,125,848 | $22.07M | 0.1% | $10.26 | — | Common | 222795106 |
| BANR | Banner Corporation | 529,640 | $21.99M | 0.1% | $34.84 | -16.7% | Common | 06652V208 |
| — | YY, Inc. ADR | 347,251 | $21.39M | 0.1% | $70.71 | — | ADR | 98426T106 |
| NOAH | Noah Holdings Ltd. ADS | 855,673 | $21.29M | 0.1% | $24.14 | — | ADR | 65487X102 |
| ETN | Eaton Corporation Plc | 339,281 | $21.23M | 0.1% | $43.81 | +1.0% | Common | G29183103 |
| — | Post Properties, Inc. | 350,921 | $20.96M | 0.1% | $52.42 | — | Common | 737464107 |
| — | Time Warner Cable, Inc. | 101,315 | $20.73M | 0.1% | $144.03 | — | Common | 88732J207 |
| AVB | Avalonbay Communities, Inc. | 100,117 | $19.04M | 0.1% | $104.90 | +20.5% | Common | 053484101 |
| — | Intel Corp 3.25% 8/1/39 | 11,551,000 | $18.37M | 0.1% | $1.31 | — | Bond | 458140AF7 |
| AIG | American International Group. Inc. | 331,990 | $17.94M | 0.1% | $32.57 | +29.3% | Common | 026874784 |
| FR | First Industrial Realty Trust, Inc. | 777,377 | $17.68M | 0.1% | $20.95 | — | Common | 32054K103 |
| — | McGraw Hill Financial, Inc. | 176,870 | $17.51M | 0.1% | $88.98 | — | Common | 580645109 |
| — | Education Realty Trust, Inc. | 414,360 | $17.24M | 0.1% | $35.67 | — | Common | 28140H203 |
| — | Ramco-Gershenson Properties Trust | 925,735 | $16.69M | 0.1% | $16.75 | — | Common | 751452202 |
| — | Retail Opportunity Investments Corp. | 819,531 | $16.49M | 0.1% | $18.37 | — | Common | 76131N101 |
| — | Liberty TripAdvisor Holdings, Inc., Series A | 720,739 | $15.97M | 0.1% | $33.90 | — | Common | 531465102 |
| — | DCT Industrial Trust, Inc. | 403,225 | $15.91M | 0.1% | $35.40 | — | Common | 233153204 |
| EQR | Equity Residential | 208,520 | $15.64M | 0.1% | $44.69 | +4.2% | Common | 29476L107 |
| ESS | Essex Property Trust, Inc. | 64,964 | $15.19M | 0.1% | $119.74 | +32.1% | Common | 297178105 |
| HIW | Highwoods Properties, Inc. | 310,289 | $14.84M | 0.1% | $42.95 | — | Common | 431284108 |
| CABO | Cable One, Inc. | 32,545 | $14.23M | 0.1% | $370.31 | +2.3% | Common | 12685J105 |
| — | Forest City Realty Trust, Inc., Class A | 674,333 | $14.22M | 0.1% | $21.09 | — | Common | 345605109 |
| WELL | Welltower, Inc. | 203,829 | $14.13M | 0.1% | $44.40 | 0.0% | Common | 95040Q104 |
| ROK | Rockwell Automation, Inc. | 122,959 | $13.99M | 0.1% | $93.14 | -9.8% | Common | 773903109 |
| — | Party City Holdings, Inc. | 910,090 | $13.69M | 0.1% | $17.97 | — | Common | 702149105 |
| ATI | Allegheny Technologies, Inc. | 825,049 | $13.45M | 0.1% | $21.46 | -44.1% | Common | 01741R102 |
| TV | Grupo Televisa S.A.B. ADR | 486,818 | $13.37M | 0.1% | $27.00 | — | ADR | 40049J206 |
| ALEX | Alexander & Baldwin, Inc. | 364,044 | $13.35M | 0.1% | $38.20 | — | Common | 014491104 |
| — | General Electric Co. | 403,930 | $12.84M | 0.1% | $23.64 | — | Common | 369604103 |
| NKE | Nike, Inc., Class B | 208,494 | $12.82M | 0.1% | $42.49 | +25.2% | Common | 654106103 |
| CCI | Crown Castle International Corp. | 142,185 | $12.3M | 0.1% | $54.50 | +2.9% | Common | 22822V101 |
| UHS | Universal Health Services, Inc. | 97,650 | $12.18M | 0.1% | $72.18 | +49.4% | Common | 913903100 |
| PWR | Quanta Services, Inc. | 533,670 | $12.04M | 0.1% | $26.66 | -27.1% | Common | 74762E102 |
| CPT | Camden Property Trust | 140,472 | $11.81M | 0.1% | $51.77 | 0.0% | Common | 133131102 |
| — | DuPont Fabros Technology, Inc. | 288,158 | $11.68M | 0.1% | $28.62 | — | Common | 26613Q106 |
| — | Tyson Foods, Inc., 4.75 07/15/17 | 155,000 | $11.54M | 0.1% | $50.78 | — | Preferred | 902494301 |
| — | Cedar Realty Trust, Inc. | 1,501,675 | $10.86M | 0.0% | $6.77 | — | Common | 150602209 |
| KSS | Kohls Corp. | 230,320 | $10.73M | 0.0% | $51.06 | -8.1% | Common | 500255104 |
| — | DDR Corporation | 584,165 | $10.39M | 0.0% | $18.04 | — | Common | 23317H102 |
| — | Waste Connections, Inc. | 159,850 | $10.32M | 0.0% | $41.38 | — | Common | 941053100 |
| EXR | Extra Space Storage, Inc. | 108,620 | $10.15M | 0.0% | $59.97 | 0.0% | Common | 30225T102 |
| MAS | Masco Corp. | 318,280 | $10.01M | 0.0% | $15.01 | +58.5% | Common | 574599106 |
| — | Salesforce.com, Inc., 0.25%, 04/01/2018 | 8,000,000 | $9.9M | 0.0% | $1.20 | — | Bond | 79466LAD6 |
| — | Nabors Industries Ltd. | 1,067,082 | $9.817M | 0.0% | $13.04 | — | Common | G6359F103 |
| BAC | Bank of America Corp. | 725,136 | $9.804M | 0.0% | $10.54 | +3.0% | Common | 060505104 |
| — | Federal Realty Investment Trust | 62,286 | $9.72M | 0.0% | $112.98 | — | Common | 313747206 |
| C | Citigroup, Inc. | 228,967 | $9.559M | 0.0% | $35.92 | -13.0% | Common | 172967424 |
| SAP | SAP AG ADR | 116,679 | $9.383M | 0.0% | $73.93 | — | ADR | 803054204 |
| DVN | Devon Energy Corp. | 335,430 | $9.204M | 0.0% | $34.26 | -50.5% | Common | 25179M103 |
| URI | United Rentals, Inc. | 146,956 | $9.139M | 0.0% | $99.44 | -45.9% | Common | 911363109 |
| — | Apartment Investment & Management | 213,912 | $8.946M | 0.0% | $39.43 | — | Common | 03748R101 |
| AMH | American Homes 4 Rent, Class A | 559,017 | $8.888M | 0.0% | $16.82 | — | Common | 02665T306 |
| ARE | Alexandria Real Estate Equities, Inc. | 94,951 | $8.63M | 0.0% | $47.62 | +20.4% | Common | 015271109 |
| CL | Colgate-Palmolive Co. | 118,075 | $8.342M | 0.0% | $45.21 | +16.9% | Common | 194162103 |
| — | Whole Foods Market Inc. | 267,364 | $8.318M | 0.0% | $41.80 | — | Common | 966837106 |
| — | RTI International Metals, 1.625%, 10/15/2019 | 7,750,000 | $8.108M | 0.0% | $1.12 | — | Bond | 74973WAB3 |
| — | NXP Semiconductors NV, 1% 12/1/19 | 7,000,000 | $7.744M | 0.0% | $1.10 | — | Bond | 62952QAB6 |
| SHW | The Sherwin Williams Co. | 25,892 | $7.371M | 0.0% | $52.88 | +51.0% | Common | 824348106 |
| — | AES Trust III,6.75%,10/15/29 | 145,027 | $7.325M | 0.0% | $50.50 | — | Preferred | 00808N202 |
| AMAT | Applied Materials, Inc. | 338,470 | $7.169M | 0.0% | $13.15 | +23.8% | Common | 038222105 |
| — | CorEnergy Infrastructure Trust, Inc. | 351,756 | $7.074M | 0.0% | $17.43 | — | Common | 21870U502 |
| VNO | Vornado Realty Trust | 71,157 | $6.719M | 0.0% | $87.54 | — | Common | 929042109 |
| — | Twenty-First Century Fox, Inc., Class A | 234,896 | $6.549M | 0.0% | $33.52 | — | Common | 90130A101 |
| INTC | Intel Corp. | 175,249 | $5.669M | 0.0% | $17.62 | +38.4% | Common | 458140100 |
| — | LendingClub Corp. | 668,892 | $5.552M | 0.0% | $22.99 | — | Common | 52603A109 |
| FCX | Freeport-McMoRan Copper & Gold, Inc. | 520,684 | $5.384M | 0.0% | $19.28 | -67.0% | Common | 35671D857 |
| HPE | Hewlett Packard Enterprise Company | 284,802 | $5.05M | 0.0% | $6.50 | -2.0% | Common | 42824C109 |
| IBN | ICICI Bank Limited ADR | 660,875 | $4.732M | 0.0% | $16.89 | — | ADR | 45104G104 |
| — | CorEnergy Infrastructure Trust, Inc. Series A | 182,690 | $3.836M | 0.0% | $21.00 | — | Preferred | 21870U304 |
| — | InterXion Holding NV | 105,724 | $3.656M | 0.0% | $28.18 | — | Foreign | N47279109 |
| — | FireEye, Inc. | 184,560 | $3.32M | 0.0% | $20.74 | — | Common | 31816Q101 |
| IBM | International Business Machines | 20,168 | $3.054M | 0.0% | $113.11 | -25.7% | Common | 459200101 |
| A | Agilent Technologies, Inc. | 72,389 | $2.885M | 0.0% | $28.32 | +24.4% | Common | 00846U101 |
| IVE | iShares S&P 500 Value Index Fund | 21,686 | $1.95M | 0.0% | $87.95 | — | ETF | 464287408 |
| — | Ctrip.com International, Ltd. ADR | 39,821 | $1.762M | 0.0% | $34.43 | — | ADR | 22943F100 |
| NXPI | NXP Semiconductors NV | 20,520 | $1.664M | 0.0% | $66.28 | 0.0% | Foreign | N6596X109 |
| KBR | KBR, Inc. | 105,300 | $1.63M | 0.0% | $18.33 | -33.0% | Common | 48242W106 |
| BLD | TopBuild Corp. | 49,379 | $1.469M | 0.0% | $30.95 | -12.6% | Common | 89055F103 |
| REXR | Rexford Industrial Realty, Inc. | 76,254 | $1.385M | 0.0% | $14.40 | — | Common | 76169C100 |
| — | 58.com, Inc. ADR | 20,636 | $1.148M | 0.0% | $38.89 | — | ADR | 31680Q104 |
| — | Jarden Corp. | 14,465 | $853K | 0.0% | $55.29 | — | Common | 471109108 |
| — | Jumei International ADR | 87,500 | $570K | 0.0% | $26.33 | — | ADR | 48138L107 |
| KEYS | Keysight Technologies, Inc. | 14,117 | $392K | 0.0% | $32.07 | -21.8% | Common | 49338L103 |
| — | Boardwalk Pipeline Partners | 22,090 | $326K | 0.0% | $13.40 | — | Partnership | 096627104 |
| UPS | United Parcel Service, Inc., Class B | 2,493 | $263K | 0.0% | $57.13 | +18.5% | Common | 911312106 |
| APD | Air Products & Chemicals, Inc. | 1,804 | $260K | 0.0% | $61.55 | +53.9% | Common | 009158106 |
| DIS | Disney Walt Holdings | 2,609 | $259K | 0.0% | $56.81 | +56.6% | Common | 254687106 |
| — | Lam Research Corp. | 2,730 | $225K | 0.0% | $82.42 | — | Common | 512807108 |
| — | Xilinx, Inc. | 4,580 | $217K | 0.0% | $47.38 | — | Common | 983919101 |
| MU | Micron Technology, Inc. | 19,300 | $202K | 0.0% | $10.90 | 0.0% | Common | 595112103 |
| — | California Resources Corp. | 13,426 | $14,000 | 0.0% | $1.04 | — | Common | 13057Q107 |