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 -G0457F1078,3253,060,500SH SOLE 3,060,50000
AUTONATION INCCOM05329W102110,4671,898,716SH SOLE 1,898,71600
BERKSHIRE HATHAWAY INCCL B NEW08467070210,351,35479,381,548SH SOLE 79,381,54800
BP PLCSPONSORED ADR055622104187,4846,134,939SH SOLE 6,134,93900
CANADIAN NATL RY COCOM136375102972,12117,126,874SH SOLE 17,126,87400
CATERPILLAR INCCOM149123101736,01011,260,857SH SOLE 11,260,85700
COCA COLA FEMSA SAB DE CVSPON ADR REP L191241108431,1776,214,719SH SOLE 6,214,71900
CROWN CASTLE INTL CORP NEWCOM22822V101420,6065,332,900SH SOLE 5,332,90000
ECOLAB INCCOM278865100479,0844,366,425SH SOLE 4,366,42500
FEDEX CORPCOM31428X106435,5393,024,999SH SOLE 3,024,99900
GRUPO TELEVISA SASPON ADR REP ORD40049J206439,19416,879,103SH SOLE 16,879,10300
LIBERTY GLOBAL PLCSHS CL AG5480U10491,0122,119,515SH SOLE 2,119,51500
LIBERTY GLOBAL PLCSHS CL CG5480U120149,2863,639,349SH SOLE 3,639,34900
LIBERTY GLOBAL PLCLILAC SHS CL AG5480U1383,570105,975SH SOLE 105,97500
LIBERTY GLOBAL PLCLILAC SHS CL CG5480U1536,231181,967SH SOLE 181,96700
UNITED PARCEL SERVICE INCCL B911312106446,6054,525,329SH SOLE 4,525,32900
WALGREENS BOOTS ALLIANCE INCCOM931427108288,8063,475,398SH SOLE 3,475,39800
WAL-MART STORES INCCOM931142103752,33911,603,000SH SOLE 11,603,00000
WASTE MGMT INC DELCOM94106L109928,14318,633,672SH SOLE 18,633,67200