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
Altria Group IncCommon02209S10372,6411,940,705SH SOLE 1,940,70500
Berkshire Hathaway Inc DelCl B New084670702150,9151,207,613SH SOLE 1,207,61300
Canadian Natural Resource LtdCommon136385101117,2513,059,253SH SOLE 3,059,25300
Coca Cola CompanyCommon19121610096,9912,508,827SH SOLE 2,508,82700
Consolidated Tomoka Land CoCommon21022610662,1551,543,075SH SOLE 1,543,07500
Franklin Resources IncCommon354613101125,3872,314,263SH SOLE 2,314,26300
Google IncCl A38259P50840,97336,763SH SOLE 36,76300
Mastercard IncCl A57636Q10455,117737,848SH SOLE 737,84800
Norfolk Southern CorpCommon6558441081,86619,199SH SOLE 19,19900
Reynolds American IncCommon761713106112,9202,113,817SH SOLE 2,113,81700
Union Pacific CorporationCommon90781810818,74699,896SH SOLE 99,89600