Location: Tucson, AZ
CIK: 0001036325 · Show all filings
Period: Q2 2016 (← Previous) (Next →)
Filing Date: Aug 12, 2016
Total Value: $22.71B (99.8% shares, 0.2% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| AMZN | Amazon.Com, Inc. | 2,235,410 | $1.6B | 7.0% | $16.54 | +104.4% | Common | 023135106 |
| WFC | Wells Fargo & Co. | 24,227,545 | $1.147B | 5.0% | $27.48 | +35.5% | Common | 949746101 |
| JPM | JPMorgan Chase & Co. | 17,776,261 | $1.105B | 4.9% | $40.83 | +18.4% | Common | 46625H100 |
| BRK/A | Berkshire Hathaway Inc., Class A | 4,693 | $1.018B | 4.5% | $168191.69 | +27.5% | Common | 084670108 |
| — | Apache Corporation | 17,611,450 | $980M | 4.3% | $45.70 | — | Common | 037411105 |
| — | United Technologies Corp. | 9,300,803 | $954M | 4.2% | $89.73 | — | Common | 913017109 |
| GOOG | Alphabet Inc., Class C | 1,368,140 | $947M | 4.2% | $35.61 | +0.1% | Common | 02079K107 |
| AXP | American Express Co. | 13,591,870 | $826M | 3.6% | $59.62 | -7.3% | Common | 025816109 |
| BK | Bank of New York Mellon Corp. | 19,790,665 | $769M | 3.4% | $21.22 | +46.2% | Common | 064058100 |
| — | Monsanto Co. | 6,401,359 | $662M | 2.9% | $86.72 | — | Common | 61166W101 |
| GOOGL | Alphabet Inc., Class A | 911,416 | $641M | 2.8% | $36.73 | -0.8% | Common | 02079K305 |
| OXY | Occidental Petroleum Corp. | 8,402,549 | $635M | 2.8% | $52.95 | +7.1% | Common | 674599105 |
| — | Encana Corporation | 73,364,585 | $572M | 2.5% | $14.07 | — | Foreign | 292505104 |
| TXN | Texas Instruments, Inc. | 9,051,716 | $567M | 2.5% | $29.01 | +57.4% | Common | 882508104 |
| KMX | CarMax, Inc. | 11,277,585 | $553M | 2.4% | $46.21 | +11.2% | Common | 143130102 |
| UNH | UnitedHealth Group, Inc. | 3,484,617 | $492M | 2.2% | $51.13 | +123.3% | Common | 91324P102 |
| — | Johnson Controls, Inc. | 9,435,681 | $418M | 1.8% | $40.92 | — | Common | 478366107 |
| SCHW | Charles Schwab Corp. | 15,544,811 | $393M | 1.7% | $18.93 | +32.9% | Common | 808513105 |
| CTRA | Cabot Oil & Gas Corp. | 15,204,019 | $391M | 1.7% | $23.15 | -24.5% | Common | 127097103 |
| — | Liberty Global PLC, Series C | 13,302,873 | $381M | 1.7% | $51.51 | — | Common | G5480U120 |
| — | Express Scripts Holding Co. | 4,955,717 | $376M | 1.7% | $66.22 | — | Common | 30219G108 |
| — | Praxair, Inc. | 3,340,309 | $375M | 1.7% | $124.28 | — | Common | 74005P104 |
| V | Visa, Inc., Class A | 4,978,347 | $369M | 1.6% | $55.96 | +30.8% | Common | 92826C839 |
| COST | Costco Wholesale Corp. | 2,112,981 | $332M | 1.5% | $86.56 | +47.9% | Common | 22160K105 |
| — | Tyco International PLC | 7,379,394 | $314M | 1.4% | $36.83 | — | Common | G91442106 |
| CB | Chubb Ltd. | 2,292,421 | $300M | 1.3% | $96.06 | +7.8% | Common | H1467J104 |
| META | Facebook, Inc. | 2,599,249 | $297M | 1.3% | $102.41 | +11.7% | Common | 30303M102 |
| — | Activision Blizzard, Inc. | 7,027,568 | $279M | 1.2% | $39.63 | — | Common | 00507V109 |
| MKL | Markel Corp. | 287,801 | $274M | 1.2% | $537.63 | +73.2% | Common | 570535104 |
| DGX | Quest Diagnostics Inc. | 3,279,494 | $267M | 1.2% | $46.62 | +35.1% | Common | 74834L100 |
| BRK/B | Berkshire Hathaway Inc., Class B | 1,831,518 | $265M | 1.2% | $119.68 | +19.5% | Common | 084670702 |
| COF | Capital One Financial Corp. | 3,787,264 | $241M | 1.1% | $65.95 | -11.0% | Common | 14040H105 |
| L | Loews Corp. | 5,851,408 | $240M | 1.1% | $42.08 | -9.8% | Common | 540424108 |
| MSFT | Microsoft Corp. | 4,671,550 | $239M | 1.1% | $26.70 | +72.2% | Common | 594918104 |
| ECL | Ecolab, Inc. | 1,988,824 | $236M | 1.0% | $74.29 | +41.2% | Common | 278865100 |
| CFG | Citizens Financial Group, Inc. | 10,774,605 | $215M | 0.9% | $16.44 | -5.9% | Common | 174610105 |
| — | The Priceline Group, Inc. | 163,088 | $204M | 0.9% | $1014.43 | — | Common | 741503403 |
| ORCL | Oracle Corporation | 4,761,973 | $195M | 0.9% | $27.58 | +25.4% | Common | 68389X105 |
| EQT | EQT Corporation | 2,442,286 | $189M | 0.8% | $35.80 | 0.0% | Common | 26884L109 |
| PCAR | PACCAR, Inc. | 3,582,693 | $186M | 0.8% | $21.70 | +18.3% | Common | 693718108 |
| — | Valeant Pharmaceuticals International | 7,304,762 | $147M | 0.6% | $71.55 | — | Common | 91911K102 |
| MCO | Moody's Corp. | 1,535,222 | $144M | 0.6% | $73.12 | +20.5% | Common | 615369105 |
| AAP | Advanced Auto Parts, Inc. | 692,836 | $112M | 0.5% | $133.61 | +1.2% | Common | 00751Y106 |
| HPQ | HP, Inc. | 7,325,252 | $91.93M | 0.4% | $7.89 | +14.8% | Common | 40434L105 |
| USB | US Bancorp | 2,231,625 | $90M | 0.4% | $28.15 | +3.6% | Common | 902973304 |
| — | Soufun Holdings Ltd., Class A ADR | 17,322,562 | $87.13M | 0.4% | $14.01 | — | ADR | 836034108 |
| — | Liberty Global PLC, LiLAC Class C | 2,179,899 | $70.83M | 0.3% | $33.02 | — | Common | G5480U153 |
| — | Liberty Interactive Corp., QVC Group, Series A | 2,787,141 | $70.71M | 0.3% | $23.18 | — | Common | 53071M104 |
| — | Quotient Technology, Inc. | 4,973,966 | $66.7M | 0.3% | $6.82 | — | Common | 749119103 |
| — | Wesco Aircraft Holdings, Inc. | 4,810,253 | $64.55M | 0.3% | $19.26 | — | Common | 950814103 |
| — | Liberty Ventures Series A | 1,693,997 | $62.8M | 0.3% | $57.66 | — | Common | 53071M880 |
| SPG | Simon Property Group, Inc. | 234,004 | $50.76M | 0.2% | $102.85 | +20.7% | Common | 828806109 |
| — | YY, Inc. ADR | 1,201,635 | $40.7M | 0.2% | $44.52 | — | ADR | 98426T106 |
| JD | JD.com, Inc ADR | 1,913,518 | $40.62M | 0.2% | $24.65 | — | ADR | 47215P106 |
| GS | Goldman Sachs Group, Inc. | 251,972 | $37.44M | 0.2% | $122.82 | +4.1% | Common | 38141G104 |
| BXP | Boston Properties, Inc. | 281,228 | $37.09M | 0.2% | $71.73 | +20.4% | Common | 101121101 |
| EG | Everest Re Group, Ltd. | 198,272 | $36.22M | 0.2% | $99.45 | +51.1% | Common | G3223R108 |
| MRSH | Marsh & McLennan Co. | 503,780 | $34.49M | 0.2% | $38.81 | +40.9% | Common | 571748102 |
| ETN | Eaton Corporation Plc | 564,838 | $33.74M | 0.1% | $46.19 | +7.8% | Common | G29183103 |
| TRNO | Terreno Realty Corp. | 1,073,426 | $27.77M | 0.1% | $20.79 | — | Common | 88146M101 |
| VIPS | Vipshop Holdings Ltd. ADS | 2,474,050 | $27.64M | 0.1% | $16.24 | — | ADR | 92763W103 |
| — | CatchMark Timber Trust Inc., Class A | 2,180,660 | $26.65M | 0.1% | $11.02 | — | Common | 14912Y202 |
| WCC | Wesco International, Inc. | 478,557 | $24.64M | 0.1% | $58.00 | -5.7% | Common | 95082P105 |
| — | American Campus Communities, Inc. | 428,689 | $22.66M | 0.1% | $38.21 | — | Common | 024835100 |
| PSA | Public Storage | 88,227 | $22.55M | 0.1% | $174.22 | 0.0% | Common | 74460D109 |
| — | Brookfield Asset Management Inc., Class A | 665,425 | $22.01M | 0.1% | $36.14 | — | Foreign | 112585104 |
| STT | State Street Corp. | 406,140 | $21.9M | 0.1% | $42.64 | +5.8% | Common | 857477103 |
| EGP | Eastgroup Properties, Inc. | 311,377 | $21.46M | 0.1% | $57.53 | — | Common | 277276101 |
| PNC | PNC Financial Services Group, Inc. | 263,600 | $21.45M | 0.1% | $61.97 | +1.6% | Common | 693475105 |
| KRG | Kite Realty Group Trust | 744,096 | $20.86M | 0.1% | $25.58 | — | Common | 49803T300 |
| NOAH | Noah Holdings Ltd. ADS | 855,339 | $20.62M | 0.1% | $24.14 | — | ADR | 65487X102 |
| — | Angie's List, Inc. | 3,124,747 | $20.34M | 0.1% | $15.70 | — | Common | 034754101 |
| AVB | Avalonbay Communities, Inc. | 111,970 | $20.2M | 0.1% | $107.54 | +20.8% | Common | 053484101 |
| FR | First Industrial Realty Trust, Inc. | 712,102 | $19.81M | 0.1% | $20.95 | — | Common | 32054K103 |
| — | Post Properties, Inc. | 318,552 | $19.45M | 0.1% | $52.42 | — | Common | 737464107 |
| — | CyrusOne, Inc. | 343,750 | $19.13M | 0.1% | $31.01 | — | Common | 23283R100 |
| SPGI | S&P Global, Inc. | 175,750 | $18.85M | 0.1% | $96.34 | 0.0% | Common | 78409V104 |
| — | Intel Corp 3.25% 8/1/39 | 11,551,000 | $18.78M | 0.1% | $1.31 | — | Bond | 458140AF7 |
| ESS | Essex Property Trust, Inc. | 81,707 | $18.64M | 0.1% | $128.43 | +26.3% | Common | 297178105 |
| — | Ramco-Gershenson Properties Trust | 948,920 | $18.61M | 0.1% | $16.82 | — | Common | 751452202 |
| — | Retail Opportunity Investments Corp. | 850,058 | $18.42M | 0.1% | $18.49 | — | Common | 76131N101 |
| — | Education Realty Trust, Inc. | 392,658 | $18.12M | 0.1% | $35.67 | — | Common | 28140H203 |
| — | General Growth Properties, Inc. | 595,550 | $17.76M | 0.1% | $29.82 | — | Common | 370023103 |
| AIG | American International Group. Inc. | 331,990 | $17.56M | 0.1% | $32.57 | +33.0% | Common | 026874784 |
| — | DCT Industrial Trust, Inc. | 358,793 | $17.24M | 0.1% | $35.40 | — | Common | 233153204 |
| AKR | Acadia Realty Trust | 484,458 | $17.21M | 0.1% | $27.76 | — | Common | 004239109 |
| CABO | Cable One, Inc. | 32,116 | $16.42M | 0.1% | $370.31 | +15.4% | Common | 12685J105 |
| HIW | Highwoods Properties, Inc. | 310,627 | $16.4M | 0.1% | $42.95 | — | Common | 431284108 |
| EQR | Equity Residential | 236,335 | $16.28M | 0.1% | $44.88 | +3.3% | Common | 29476L107 |
| WELL | Welltower, Inc. | 204,112 | $15.55M | 0.1% | $44.40 | +11.5% | Common | 95040Q104 |
| — | Liberty TripAdvisor Holdings, Inc., Series A | 692,656 | $15.15M | 0.1% | $33.90 | — | Common | 531465102 |
| — | Forest City Realty Trust, Inc., Class A | 675,220 | $15.06M | 0.1% | $21.09 | — | Common | 345605109 |
| CCI | Crown Castle International Corp. | 142,202 | $14.42M | 0.1% | $54.50 | +11.3% | Common | 22822V101 |
| TAL | TAL Education Group, Class A, ADR | 223,225 | $13.85M | 0.1% | $62.06 | — | ADR | 874080104 |
| — | DuPont Fabros Technology, Inc. | 288,179 | $13.7M | 0.1% | $28.62 | — | Common | 26613Q106 |
| — | New Oriental Education & Technology ADR | 322,708 | $13.52M | 0.1% | $41.88 | — | ADR | 647581107 |
| — | Cousins Properties, Inc. | 1,250,057 | $13M | 0.1% | $10.26 | — | Common | 222795106 |
| TV | Grupo Televisa S.A.B. ADR | 485,488 | $12.64M | 0.1% | $27.00 | — | ADR | 40049J206 |
| CPT | Camden Property Trust | 142,447 | $12.6M | 0.1% | $51.84 | +10.1% | Common | 133131102 |
| — | Cedar Realty Trust, Inc. | 1,557,559 | $11.57M | 0.1% | $6.80 | — | Common | 150602209 |
| AMH | American Homes 4 Rent, Class A | 559,506 | $11.46M | 0.1% | $16.82 | — | Common | 02665T306 |
| AMAT | Applied Materials, Inc. | 472,800 | $11.33M | 0.0% | $15.03 | +31.6% | Common | 038222105 |
| — | DDR Corporation | 585,768 | $10.63M | 0.0% | $18.04 | — | Common | 23317H102 |
| — | Salesforce.com, Inc., 0.25%, 04/01/2018 | 8,000,000 | $10.34M | 0.0% | $1.20 | — | Bond | 79466LAD6 |
| BIDU | Baidu, Inc. Class A, ADR | 62,494 | $10.32M | 0.0% | $187.10 | — | ADR | 056752108 |
| — | Federal Realty Investment Trust | 62,289 | $10.31M | 0.0% | $112.98 | — | Common | 313747206 |
| EXR | Extra Space Storage, Inc. | 108,627 | $10.05M | 0.0% | $59.97 | +4.7% | Common | 30225T102 |
| ARE | Alexandria Real Estate Equities, Inc. | 95,203 | $9.855M | 0.0% | $47.62 | +42.4% | Common | 015271109 |
| — | Apartment Investment & Management | 214,417 | $9.469M | 0.0% | $39.43 | — | Common | 03748R101 |
| SAP | SAP AG ADR | 125,091 | $9.384M | 0.0% | $74.00 | — | ADR | 803054204 |
| ALEX | Alexander & Baldwin, Inc. | 228,568 | $8.26M | 0.0% | $38.20 | — | Common | 014491104 |
| — | RTI International Metals, 1.625%, 10/15/2019 | 7,750,000 | $8.215M | 0.0% | $1.12 | — | Bond | 74973WAB3 |
| — | NXP Semiconductors NV, 1% 12/1/19 | 7,000,000 | $7.608M | 0.0% | $1.10 | — | Bond | 62952QAB6 |
| — | AES Trust III,6.75%,10/15/29 | 145,027 | $7.55M | 0.0% | $50.50 | — | Preferred | 00808N202 |
| VNO | Vornado Realty Trust | 71,160 | $7.125M | 0.0% | $87.54 | — | Common | 929042109 |
| HST | Host Hotels & Resorts, Inc. | 435,910 | $7.066M | 0.0% | $10.71 | 0.0% | Common | 44107P104 |
| — | InterXion Holding NV | 184,995 | $6.823M | 0.0% | $31.91 | — | Foreign | N47279109 |
| — | EQT Midstream Partners L.P. | 78,960 | $6.34M | 0.0% | $80.29 | — | Partnership | 26885B100 |
| IBN | ICICI Bank Limited ADR | 651,295 | $4.676M | 0.0% | $16.89 | — | ADR | 45104G104 |
| — | CorEnergy Infrastructure Trust, Inc. Series A | 182,690 | $4.291M | 0.0% | $21.00 | — | Preferred | 21870U304 |
| — | FireEye Inc. - B, 1.625%, 6/1/35 | 4,000,000 | $3.528M | 0.0% | $0.88 | — | Bond | 31816QAD3 |
| — | LendingClub Corp. | 661,716 | $2.845M | 0.0% | $22.99 | — | Common | 52603A109 |
| — | FireEye Inc. - A, 1.00%, 6/1/35 | 2,000,000 | $1.814M | 0.0% | $0.91 | — | Bond | 31816QAB7 |
| REXR | Rexford Industrial Realty, Inc. | 79,032 | $1.667M | 0.0% | $14.64 | — | Common | 76169C100 |
| — | Ctrip.com International, Ltd. ADR | 39,821 | $1.641M | 0.0% | $34.43 | — | ADR | 22943F100 |
| KBR | KBR, Inc. | 105,300 | $1.394M | 0.0% | $18.33 | -31.3% | Common | 48242W106 |
| — | 58.com, Inc. ADR | 20,636 | $947K | 0.0% | $38.89 | — | ADR | 31680Q104 |
| INTC | Intel Corp. | 14,380 | $472K | 0.0% | $17.62 | +42.5% | Common | 458140100 |
| MU | Micron Technology, Inc. | 32,055 | $441K | 0.0% | $10.98 | +1.0% | Common | 595112103 |
| NWL | Newell Brands, Inc. | 8,193 | $398K | 0.0% | $31.35 | 0.0% | Common | 651229106 |
| HPE | Hewlett Packard Enterprise Company | 20,830 | $381K | 0.0% | $6.50 | +19.4% | Common | 42824C109 |
| — | Lam Research Corp. | 4,355 | $366K | 0.0% | $83.02 | — | Common | 512807108 |
| — | Xilinx, Inc. | 7,920 | $365K | 0.0% | $46.83 | — | Common | 983919101 |
| — | Jumei International ADR | 87,500 | $361K | 0.0% | $26.33 | — | ADR | 48138L107 |
| UPS | United Parcel Service, Inc., Class B | 2,512 | $271K | 0.0% | $57.13 | +27.9% | Common | 911312106 |
| APD | Air Products & Chemicals, Inc. | 1,815 | $258K | 0.0% | $61.55 | +70.5% | Common | 009158106 |
| DIS | Disney Walt Holdings | 2,609 | $255K | 0.0% | $56.81 | +62.3% | Common | 254687106 |
| BBU | Brookfield Business Partners, L.P. | 13,307 | $254K | 0.0% | $19.09 | — | Partnership | G16234109 |