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
OMB APPROVAL
OMB Number: 3235-0006
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M COMPANY COMMON 88579Y101   16,258,394 135,577 SH   SOLE   135,577 0 0
ALPHABET INC CLASS A 02079K305   2,131,813 24,162 SH   SOLE   24,162 0 0
AMBEV SA ADR REP 1 COM SHS 02319V103   254,543,747 93,582,260 SH   SOLE   64,744,360 0 28,837,900
AMERICAN EXPRESS CO COMMON 025816109   9,382,125 63,500 SH   SOLE   63,500 0 0
BANCO BRADESCO S A ADR (1 PFD) 059460303   240,558,955 83,527,415 SH   SOLE   54,555,090 0 28,972,325
BECTON DICKINSON COMMON 075887109   4,475,680 17,600 SH   SOLE   17,600 0 0
BERKSHIRE HATHAWAY CLASS B 084670702   30,099,216 97,440 SH   SOLE   97,440 0 0
BIOGEN INC COMMON 09062X103   19,024,404 68,700 SH   SOLE   68,700 0 0
BORG WARNER INC COMMON 099724106   19,154,975 475,900 SH   SOLE   475,900 0 0
C H ROBINSON WLDWIDE COMMON 12541W209   24,400,740 266,500 SH   SOLE   266,500 0 0
CHECK POINT SOFTWARE ORDINARY M22465104   57,087,400 452,500 SH   SOLE   270,900 0 181,600
COMMERCIAL INTL BK GDR REP 1 ORD EGP10 201712205   37,561,263 31,458,344 SH   SOLE   31,458,344 0 0
COPA HOLDINGS CLASS A P31076105   268,500,622 3,228,335 SH   SOLE   2,119,206 0 1,109,129
CULLEN FROST BANKERS COMMON 229899109   15,027,880 112,400 SH   SOLE   112,400 0 0
DONALDSON INC COMMON 257651109   10,208,117 173,401 SH   SOLE   173,401 0 0
EAGLE MATERIALS COMMON 26969P108   12,487,900 94,000 SH   SOLE   94,000 0 0
EXXON MOBIL CORP COMMON 30231G102   13,544,840 122,800 SH   SOLE   122,800 0 0
GENTEX CORP COMMON 371901109   8,685,495 318,500 SH   SOLE   318,500 0 0
GILEAD SCIENCES INC COMMON 375558103   8,662,265 100,900 SH   SOLE   100,900 0 0
HENRY SCHEIN INC COM 806407102   20,446,720 256,000 SH   SOLE   256,000 0 0
INTEL CORP COMMON 458140100   11,960,632 452,540 SH   SOLE   452,540 0 0
IPG PHOTONICS CORP COMMON 44980X109   13,320,069 140,700 SH   SOLE   140,700 0 0
JOHNSON & JOHNSON COMMON 478160104   11,005,295 62,300 SH   SOLE   62,300 0 0
MARKEL CORP COMMON 570535104   19,556,822 14,844 SH   SOLE   14,844 0 0
MARTIN MARIETTA MATL COMMON 573284106   3,852,858 11,400 SH   SOLE   11,400 0 0
META PLATFORMS INC COM USD0.000006 CL A 30303M102   11,420,266 94,900 SH   SOLE   94,900 0 0
MSC INDL DIRECT INC CLASS A 553530106   14,779,530 180,900 SH   SOLE   180,900 0 0
PRICE T ROWE GROUP COM 74144T108   18,094,036 165,909 SH   SOLE   165,909 0 0
RAYTHEON TECHNOLOGIE COM USD1 75513E101   22,252,860 220,500 SH   SOLE   220,500 0 0
RYANAIR HLDGS PLC ADR EACH REPR 5 ORD 783513203   231,970,860 3,102,874 SH   SOLE   1,717,574 0 1,385,300
SAMSUNG ELECTRONIC GDR REP 1/2 ORD REGS 796050888   307,846,370 278,594 SH   SOLE   184,008 0 94,586
STATE BK OF INDIA GDR(2 INR10 REG S) 856552203   16,493,176 222,280 SH   SOLE   87,710 0 134,570
WALGREENS BOOTS ALNC COMMON 931427108   20,732,932 554,950 SH   SOLE   554,950 0 0
WALT DISNEY CO COM 254687106   20,347,296 234,200 SH   SOLE   234,200 0 0
WELLS FARGO & CO COMMON 949746101   10,927,811 264,660 SH   SOLE   264,660 0 0