Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KO	COCA-COLA	12,107,103	$520M	8.9%	$29.82	+3.4%	COM	191216100
BRK/B	BERKSHIRE HATHAWAY B	2,879,622	$380M	6.5%	$134.95	-0.6%	COM	084670702
JNJ	JOHNSON & JOHNSON	3,600,020	$370M	6.3%	$70.64	+7.5%	COM	478160104
AAPL	APPLE	3,300,551	$347M	5.9%	$27.55	-6.6%	COM	037833100
—	MICHAEL KORS	8,166,375	$327M	5.6%	$62.24	—	COM	G60754101
PG	PROCTER & GAMBLE	3,969,303	$315M	5.4%	$58.05	-0.2%	COM	742718109
MSFT	MICROSOFT	5,398,765	$300M	5.1%	$31.22	+47.1%	COM	594918104
MMM	3M	1,654,555	$249M	4.2%	$89.63	+2.8%	COM	88579Y101
QCOM	QUALCOMM	4,551,750	$228M	3.9%	$51.69	-22.6%	COM	747525103
ABT	ABBOTT LABORATORIES	4,316,995	$194M	3.3%	$37.91	-3.6%	COM	002824100
EMR	EMERSON ELECTRIC	3,704,639	$177M	3.0%	$42.15	-13.4%	COM	291011104
PM	PHILIP MORRIS INTL.	2,004,608	$176M	3.0%	$49.61	+5.4%	COM	718172109
—	UNITED TECHNOLOGIES	1,716,770	$165M	2.8%	$103.29	—	COM	913017109
DHR	DANAHER	1,773,297	$165M	2.8%	$35.78	+6.8%	COM	235851102
IBM	IBM	1,185,385	$163M	2.8%	$92.98	-5.9%	COM	459200101
MA	MASTERCARD	1,624,835	$158M	2.7%	$80.60	+14.4%	COM	57636Q104
AMGN	AMGEN	882,882	$143M	2.4%	$110.67	+5.3%	COM	031162100
MDT	MEDTRONIC	1,760,550	$135M	2.3%	$58.11	+0.8%	COM	G5960L103
GOOGL	ALPHABET - CLASS A	170,840	$133M	2.3%	$36.73	0.0%	COM	02079K305
—	PRICELINE GROUP	96,676	$123M	2.1%	$1176.19	—	COM	741503403
PYPL	PAYPAL	2,542,925	$92.05M	1.6%	$35.83	-1.8%	COM	70450Y103
TJX	TJX COMPANIES	1,054,600	$74.78M	1.3%	$28.74	+7.5%	COM	872540109
ORCL	ORACLE	1,452,601	$53.06M	0.9%	$30.51	+7.6%	COM	68389X105
V	VISA - CLASS A	632,500	$49.05M	0.8%	$68.06	+6.0%	COM	92826C839
CSCO	CISCO SYSTEMS	1,752,160	$47.58M	0.8%	$19.43	+3.8%	COM	17275R102
CL	COLGATE-PALMOLIVE	651,340	$43.39M	0.7%	$51.84	+1.3%	COM	194162103
—	0,900% PRICELINE 15.09.2021	41,760,000	$42.25M	0.7%	$1.01	—	NOTE	741503AX4
BIDU	BAIDU ADR	205,960	$38.94M	0.7%	$186.64	—	COM	056752108
UNP	UNION PACIFIC	482,800	$37.76M	0.6%	$76.95	-11.2%	COM	907818108
PFE	PFIZER	1,126,430	$36.36M	0.6%	$19.25	+5.9%	COM	717081103
ABEV	AMBEV ADR	7,551,500	$33.68M	0.6%	$5.61	—	COM	02319V103
—	0,350% PRICELINE 15.06.2020	24,600,000	$29.31M	0.5%	$1.12	—	NOTE	741503AS5
XOM	EXXON MOBIL	365,000	$28.45M	0.5%	$56.57	-9.1%	COM	30231G102
—	COACH	854,380	$27.96M	0.5%	$41.15	—	COM	189754104
VZ	VERIZON COMMUNICATIONS	603,589	$27.9M	0.5%	$27.13	-0.8%	COM	92343V104
—	NATIONAL OILWELL VARCO	701,200	$23.48M	0.4%	$65.27	—	COM	637071101
MCD	MCDONALDS	176,603	$20.86M	0.4%	$80.36	+8.6%	COM	580135101
PEP	PEPSICO	199,180	$19.9M	0.3%	$61.54	+19.4%	COM	713448108
—	SEAGATE TECHNOLOGY	493,500	$18.09M	0.3%	$53.96	—	COM	G7945M107
WFC	WELLS FARGO	314,000	$17.07M	0.3%	$40.43	+1.0%	COM	949746101
INTC	INTEL	442,150	$15.23M	0.3%	$25.12	+6.1%	COM	458140100
AME	AMETEK	280,000	$15.01M	0.3%	$51.22	0.0%	COM	031100100
SYK	STRYKER	160,300	$14.9M	0.3%	$59.59	+43.0%	COM	863667101
—	EMC	547,500	$14.06M	0.2%	$24.98	—	COM	268648102
—	BARRICK GOLD	1,848,640	$13.64M	0.2%	$16.11	—	COM	067901108
DDS	DILLARDS	197,600	$12.98M	0.2%	$81.65	-26.6%	COM	254067101
—	QIAGEN	458,000	$12.49M	0.2%	$23.37	—	COM	N72482107
—	MEAD JOHNSON NUTRITION	155,000	$12.24M	0.2%	$78.95	—	COM	582839106
—	CHINA MOBILE ADR	216,600	$12.2M	0.2%	$52.64	—	COM	16941M109
COP	CONOCOPHILLIPS	254,300	$11.87M	0.2%	$55.00	-30.2%	COM	20825C104
NEM	NEWMONT MINING	657,630	$11.83M	0.2%	$25.01	-42.4%	COM	651639106
WU	WESTERN UNION	650,500	$11.65M	0.2%	$17.61	—	COM	959802109
EBAY	EBAY	386,000	$10.61M	0.2%	$19.57	+25.6%	COM	278642103
—	LIBERTY INTERACTIVE A	375,700	$10.26M	0.2%	$27.48	—	COM	53071M104
—	1,375% LIBERTY MEDIA 15.10.2023	10,000,000	$9.97M	0.2%	$0.99	—	NOTE	531229AB8
MU	MICRON TECHNOLOGY	667,500	$9.452M	0.2%	$27.63	-43.6%	COM	595112103
SLB	SCHLUMBERGER	126,200	$8.802M	0.2%	$78.32	-28.4%	COM	806857108
—	JOHNSON & JOHNSON CALL	800	$8.218M	0.1%	—	—	Call	478160904
—	2,950% INTEL 15.12.2035	6,000,000	$7.737M	0.1%	$1.14	—	NOTE	458140AD2
—	POTASH CORP SASKATCHEWAN	440,500	$7.541M	0.1%	$37.29	—	COM	73755L107
TMO	THERMO FISHER SCIENTIFIC	51,530	$7.31M	0.1%	$101.96	+27.0%	COM	883556102
—	0,500% TOLL BROTHERS 15.09.2032	6,000,000	$6.078M	0.1%	$1.06	—	NOTE	88947EAM2
WDC	WESTERN DIGITAL	95,000	$5.705M	0.1%	$48.18	-9.6%	COM	958102105
ZBH	ZIMMER BIOMET HOLDINGS	54,000	$5.54M	0.1%	$66.24	+35.9%	COM	98956P102
HON	HONEYWELL INTERNATIONAL	53,250	$5.515M	0.1%	$74.71	-0.6%	COM	438516106
DIS	WALT DISNEY	51,000	$5.359M	0.1%	$102.22	0.0%	COM	254687106
—	XEROX	492,310	$5.233M	0.1%	$9.94	—	COM	984121103
—	1,000% SINA 01.12.2018	4,500,000	$4.374M	0.1%	$0.92	—	NOTE	82922RAD5
—	3,000% MICRON TECHNOLOGY 15.11.2043	5,000,000	$4.184M	0.1%	$1.20	—	NOTE	595112AY9
—	0,500% SANDISK 15.10.2020	4,000,000	$4.182M	0.1%	$1.10	—	NOTE	80004CAF8
—	MARATHON OIL	320,000	$4.029M	0.1%	$13.22	—	COM	565849106
—	1,625% NEWMONT MINING 15.07.2017	4,000,000	$3.986M	0.1%	$1.00	—	NOTE	651639AJ5
—	CISCO SYSTEMS CALL	1,300	$3.53M	0.1%	—	—	Call	17275R902
WMT	WAL-MART STORES	51,820	$3.177M	0.1%	$21.78	-23.6%	COM	931142103
ABBV	ABBVIE	50,500	$2.992M	0.1%	$22.34	+69.9%	COM	00287Y109
—	MASTERCARD CALL	300	$2.921M	0.0%	—	—	Call	57636Q904
TSM	TAIWAN SEMICONDUCTOR ADR	122,500	$2.787M	0.0%	$21.90	—	COM	874039100
GLD	SPDR GOLD TRUST	23,000	$2.334M	0.0%	$139.15	—	GOLD SHS	78463V107
OXY	OCCIDENTAL PETROLEUM	32,500	$2.197M	0.0%	$55.78	-4.2%	COM	674599105
—	0,500% CITRIX SYSTEMS 15.04.2019	2,000,000	$2.193M	0.0%	$1.06	—	NOTE	177376AD2
—	L BRANDS	22,500	$2.156M	0.0%	$80.77	—	COM	501797104
—	1,875% JAZZ INVESTMENTS 15.08.2021	2,000,000	$2.107M	0.0%	$1.05	—	NOTE	472145AB7
ROST	ROSS STORES	31,800	$1.711M	0.0%	$38.50	+20.1%	COM	778296103
RDY	DR REDDY'S LABORATORIES ADR	35,000	$1.62M	0.0%	$48.17	—	COM	256135203
—	GRUPO SANTANDER MEXICO ADR	147,500	$1.279M	0.0%	$10.00	—	COM	40053C105
—	NEWMONT MINING CALL	700	$1.259M	0.0%	—	—	Call	651639906
—	MICHAEL KORS HOLDINGS CALL	300	$1.202M	0.0%	—	—	Call	G60754901
UGP	ULTRAPAR ADR	67,500	$1.029M	0.0%	$18.56	—	COM	90400P101
BRK/A	BERKSHIRE HATHAWAY A	5	$989K	0.0%	$186480.80	+7.9%	COM	084670108
YUM	YUM! BRANDS	12,750	$931K	0.0%	$57.10	-24.2%	COM	988498101
IFF	INTL FLAVORS & FRAGRANCES	7,500	$897K	0.0%	$80.81	+11.8%	COM	459506101
BAP	CREDICORP	9,000	$876K	0.0%	$114.39	-26.8%	COM	G2519Y108
GWW	WW GRAINGER	4,050	$820K	0.0%	$200.81	-12.9%	COM	384802104
HDB	HDFC BANK ADR	11,200	$690K	0.0%	$61.07	—	COM	40415F101
—	GRUPO PAO DE ACUCAR ADR	56,000	$589K	0.0%	$29.39	—	COM	20440T201
—	GOLDCORP	33,600	$388K	0.0%	$15.28	—	COM	380956409
DE	DEERE & CO.	3,600	$275K	0.0%	$69.76	-6.8%	COM	244199105
T	AT & T	7,150	$246K	0.0%	$11.81	+5.3%	COM	00206R102
—	STAPLES	13,530	$128K	0.0%	$9.46	—	COM	855030102