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
Altria Group Inc Common 02209S103 72,641 1,940,705 SH   SOLE   1,940,705 0 0
Berkshire Hathaway Inc Del Cl B New 084670702 150,915 1,207,613 SH   SOLE   1,207,613 0 0
Canadian Natural Resource Ltd Common 136385101 117,251 3,059,253 SH   SOLE   3,059,253 0 0
Coca Cola Company Common 191216100 96,991 2,508,827 SH   SOLE   2,508,827 0 0
Consolidated Tomoka Land Co Common 210226106 62,155 1,543,075 SH   SOLE   1,543,075 0 0
Franklin Resources Inc Common 354613101 125,387 2,314,263 SH   SOLE   2,314,263 0 0
Google Inc Cl A 38259P508 40,973 36,763 SH   SOLE   36,763 0 0
Mastercard Inc Cl A 57636Q104 55,117 737,848 SH   SOLE   737,848 0 0
Norfolk Southern Corp Common 655844108 1,866 19,199 SH   SOLE   19,199 0 0
Reynolds American Inc Common 761713106 112,920 2,113,817 SH   SOLE   2,113,817 0 0
Union Pacific Corporation Common 907818108 18,746 99,896 SH   SOLE   99,896 0 0