The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
|
||||||||||||||||
| 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 |
| Apple Inc. | COM | 037833100 | 59,757 | 150,700 | SH | SOLE | 150,700 | 0 | 0 | ||
| Berkshire Hathaway | CLA | 084670108 | 28,999 | 172 | SH | SOLE | 172 | 0 | 0 | ||
| Biglari Holdings, Inc | COM | 08986R101 | 6,464 | 15,750 | SH | SOLE | 15,750 | 0 | 0 | ||
| Brandywine Realty Trust | COM | 105368203 | 32,786 | 2,425,000 | SH | SOLE | 2,425,000 | 0 | 0 | ||
| Cabelas, Inc. | COM | 126804301 | 41,770 | 645,000 | SH | SOLE | 645,000 | 0 | 0 | ||
| Caterpillar, Inc. | COM | 149123101 | 27,428 | 332,500 | SH | SOLE | 332,500 | 0 | 0 | ||
| Devon Energy Corp. | COM | 25179M103 | 10,376 | 200,000 | SH | SOLE | 200,000 | 0 | 0 | ||
| East West Bancorp Inc | COM | 27579R104 | 18,700 | 680,000 | SH | SOLE | 680,000 | 0 | 0 | ||
| Express Scripts Holdings | COM | 30219G108 | 1,544 | 25,000 | SH | SOLE | 25,000 | 0 | 0 | ||
| FedEx Corp. | COM | 31428X106 | 28,490 | 289,000 | SH | SOLE | 289,000 | 0 | 0 | ||
| Goldman Sachs Group | COM | 38141G104 | 28,511 | 188,500 | SH | SOLE | 188,500 | 0 | 0 | ||
| Google, Inc. | CLA | 38259P508 | 30,153 | 34,250 | SH | SOLE | 34,250 | 0 | 0 | ||
| Halliburton Co. | COM | 406216101 | 13,455 | 322,500 | SH | SOLE | 322,500 | 0 | 0 | ||
| Smuckers J M | COM | 832696405 | 8,819 | 85,500 | SH | SOLE | 85,500 | 0 | 0 | ||
| JP Morgan Chase & Co | COM | 46625H100 | 28,243 | 535,000 | SH | SOLE | 535,000 | 0 | 0 | ||
| JP Morgan Chase & Co | W EXP | 46634E114 | 1,014 | 65,000 | SH | SOLE | 65,000 | 0 | 0 | ||
| Kansas City Southern | COM | 485170302 | 13,245 | 125,000 | SH | SOLE | 125,000 | 0 | 0 | ||
| Kelly Services Inc. | CLA | 488152208 | 12,229 | 700,000 | SH | SOLE | 700,000 | 0 | 0 | ||
| Kelly Services Inc. | CLB | 488152307 | 146 | 8,325 | SH | SOLE | 8,325 | 0 | 0 | ||
| Kinder Morgan, Inc. | COM | 49456B101 | 3,624 | 95,000 | SH | SOLE | 95,000 | 0 | 0 | ||
| Kinder Morgan, Inc. | W EXP | 49456B119 | 672 | 131,200 | SH | SOLE | 131,200 | 0 | 0 | ||
| KKR & Co. L.P. | COM | 48248M102 | 30,640 | 1,558,487 | SH | SOLE | 1,558,487 | 0 | 0 | ||
| Mastercard, Inc. | CLA | 57636Q104 | 31,597 | 55,000 | SH | SOLE | 55,000 | 0 | 0 | ||
| Polaris Industries, Inc. | COM | 731068102 | 30,163 | 317,500 | SH | SOLE | 317,500 | 0 | 0 | ||
| Scripps Network Inter. | COM | 811065101 | 29,374 | 440,000 | SH | SOLE | 440,000 | 0 | 0 | ||
| Southwestern Energy Co | COM | 845467109 | 11,233 | 307,500 | SH | SOLE | 307,500 | 0 | 0 | ||
| Stryker Corp. | COM | 863667101 | 6,888 | 106,500 | SH | SOLE | 106,500 | 0 | 0 | ||
| Telefonica SA | ADR | 879382208 | 27,285 | 2,130,000 | SH | SOLE | 2,130,000 | 0 | 0 | ||