The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 15,088 3,060,500 SH   SOLE   3,060,500 0 0
AUTONATION INC COM 05329W102 122,144 1,898,716 SH   SOLE   1,898,716 0 0
BERKSHIRE HATHAWAY INC CL B NEW 084670702 10,625,605 73,625,314 SH   SOLE   73,625,314 0 0
BP PLC SPONSORED ADR 055622104 289,634 7,405,614 SH   SOLE   7,405,614 0 0
CANADIAN NATL RY CO COM 136375102 1,145,274 17,126,874 SH   SOLE   17,126,874 0 0
CATERPILLAR INC COM 149123101 901,206 11,260,857 SH   SOLE   11,260,857 0 0
COCA COLA FEMSA SAB DE CV SPON ADR REP L 191241108 496,307 6,214,719 SH   SOLE   6,214,719 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 440,178 5,332,900 SH   SOLE   5,332,900 0 0
ECOLAB INC COM 278865100 499,432 4,366,425 SH   SOLE   4,366,425 0 0
FEDEX CORP COM 31428X106 500,486 3,024,999 SH   SOLE   3,024,999 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 557,179 16,879,103 SH   SOLE   16,879,103 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 109,091 2,119,515 SH   SOLE   2,119,515 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 181,276 3,639,349 SH   SOLE   3,639,349 0 0
REPUBLIC SVCS INC COM 760759100 54,756 1,350,000 SH   SOLE   1,350,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 438,685 4,525,329 SH   SOLE   4,525,329 0 0
WAL-MART STORES INC COM 931142103 954,347 11,603,000 SH   SOLE   11,603,000 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 294,297 3,475,398 SH   SOLE   3,475,398 0 0
WASTE MGNT INC DEL COM 94106L109 1,010,504 18,633,672 SH   SOLE   18,633,672 0 0