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 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ARCOS DORADOS HOLDINGS INCSHS CLASS -A -G0457F10716,0983,060,500SH SOLE 3,060,50000
AUTONATION INCCOM05329W102119,5811,898,716SH SOLE 1,898,71600
BERKSHIRE HATHAWAY INCCL B NEW0846707029,340,59168,625,314SH SOLE 68,625,31400
BP PLCSPONSORED ADR055622104300,0917,509,796SH SOLE 7,509,79600
CANADIAN NATL RY COCOM136375102989,07717,126,874SH SOLE 17,126,87400
CATERPILLAR INCCOM149123101955,14611,260,857SH SOLE 11,260,85700
COCA COLA FEMSA SAB DE CVSPON ADR REP L191241108493,7596,214,719SH SOLE 6,214,71900
CROWN CASTLE INTL CORP NEWCOM22822V101428,2325,332,900SH SOLE 5,332,90000
ECOLAB INCCOM278865100493,7124,366,425SH SOLE 4,366,42500
FEDEX CORPCOM31428X106515,4603,024,999SH SOLE 3,024,99900
GRUPO TELEVISA SASPON ADR REP ORD40049J206655,24716,879,103SH SOLE 16,879,10300
LIBERTY GLOBAL PLCSHS CL AG5480U104114,6022,119,515SH SOLE 2,119,51500
LIBERTY GLOBAL PLCSHS CL CG5480U120184,2603,639,349SH SOLE 3,639,34900
UNITED PARCEL SERVICE INCCL B911312106438,5504,525,329SH SOLE 4,525,32900
WAL-MART STORES INCCOM931142103823,00111,603,000SH SOLE 11,603,00000
WALGREENS BOOTS ALLIANCE INCCOM931427108293,4633,475,398SH SOLE 3,475,39800
WASTE MGMT INC DELCOM94106L109863,67118,633,672SH SOLE 18,633,67200