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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 107,427 552,383 SH   SOLE   552,383 0 0
ALPHABET INC CAP STK CL A 02079K305 50,088 43,107 SH   SOLE   43,107 0 0
ALPHABET INC CAP STK CL C 02079K107 49,979 42,981 SH   SOLE   42,981 0 0
AMAZON COM INC COM 023135106 117,880 60,460 SH   SOLE   60,460 0 0
APPLE INC COM 037833100 127,410 501,044 SH   SOLE   501,044 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 10,222 3,060,500 SH   SOLE   3,060,500 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 8,211,357 44,912,525 SH   SOLE   44,912,525 0 0
CANADIAN NATL RY CO COM 136375102 1,329,559 17,126,874 SH   SOLE   17,126,874 0 0
CATERPILLAR INC DEL COM 149123101 1,306,710 11,260,857 SH   SOLE   11,260,857 0 0
COCA COLA FEMSA S A B DE C V SPONSORD ADR REP 191241108 250,018 6,214,719 SH   SOLE   6,214,719 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 770,071 5,332,900 SH   SOLE   5,332,900 0 0
ECOLAB INC COM 278865100 680,420 4,366,426 SH   SOLE   4,366,426 0 0
FEDEX CORP COM 31428X106 366,811 3,024,999 SH   SOLE   3,024,999 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 97,899 16,879,104 SH   SOLE   16,879,104 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 34,993 2,119,515 SH   SOLE   2,119,515 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 57,174 3,639,349 SH   SOLE   3,639,349 0 0
LIBERTY LATIN AMERICA LTD COM CL A G9001E102 3,897 370,424 SH   SOLE   370,424 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 6,526 636,044 SH   SOLE   636,044 0 0
SCHRODINGER INC COM 80810D103 301,049 6,981,665 SH   SOLE   6,981,665 0 0
TWITTER INC COM 90184L102 6,691 272,420 SH   SOLE   272,420 0 0
UNITED PARCEL SERVICE INC CL B 911312106 422,756 4,525,329 SH   SOLE   4,525,329 0 0
WALMART INC COM 931142103 1,318,333 11,603,000 SH   SOLE   11,603,000 0 0
WASTE MGMT INC DEL COM 94106L109 1,724,733 18,633,672 SH   SOLE   18,633,672 0 0