The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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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 |
| Adtalem Global Education | COM | 00737L103 | 49,570 | 1,382,710 | SH | SOLE | 1,281,846 | 0 | 100,864 | ||
| Alphabet Inc. Class 'A' | CAP STK CL A | 02079K305 | 22,477 | 23,084 | SH | SOLE | 21,411 | 0 | 1,673 | ||
| Alphabet Inc. Class 'C' | CAP STK CL C | 02079K107 | 70,039 | 73,025 | SH | SOLE | 67,770 | 0 | 5,255 | ||
| Amdocs Ltd | ORD | G02602103 | 97,414 | 1,514,524 | SH | SOLE | 1,404,524 | 0 | 110,000 | ||
| American Express Company | COM | 025816109 | 106,438 | 1,176,636 | SH | SOLE | 1,087,525 | 0 | 89,111 | ||
| Aon Plc | SHS CL A | G0408V102 | 83,059 | 568,509 | SH | SOLE | 526,613 | 0 | 41,896 | ||
| ASTRONICS CORP | COM | 046433108 | 12,133 | 407,829 | SH | SOLE | 387,427 | 0 | 20,402 | ||
| Baidu Inc. ADR | SPON ADR REP A | 056752108 | 101,021 | 407,854 | SH | SOLE | 389,116 | 0 | 18,738 | ||
| Bank of America Corp | COM | 060505104 | 173,117 | 6,831,753 | SH | SOLE | 6,313,818 | 0 | 517,935 | ||
| Berkshire Hathaway Inc.-Cl A | CL A | 084670108 | 521,457 | 1,898 | SH | SOLE | 1,755 | 0 | 143 | ||
| Berkshire Hathaway Inc.-Cl B | CL B | 084670702 | 93,467 | 509,859 | SH | SOLE | 468,003 | 0 | 41,856 | ||
| Cimarex Energy Co | COM | 171798101 | 126,004 | 1,108,505 | SH | SOLE | 1,027,125 | 0 | 81,380 | ||
| Compania Cervecerias Unidas SA ADR | SPON ADR | 204429104 | 17,756 | 659,352 | SH | SOLE | 659,352 | 0 | 0 | ||
| CVS Caremark Corp | COM | 126650100 | 179,152 | 2,203,051 | SH | SOLE | 2,026,166 | 0 | 176,885 | ||
| Emerson Elec Co | COM | 291011104 | 56,743 | 902,968 | SH | SOLE | 836,591 | 0 | 66,377 | ||
| Expeditors Intl of Washington Inc. | COM | 302130109 | 99,176 | 1,656,803 | SH | SOLE | 1,533,984 | 0 | 122,819 | ||
| Flowserve Corp. | COM | 34354P105 | 32,325 | 758,973 | SH | SOLE | 702,983 | 0 | 55,990 | ||
| Gold iShares Trust ETF | ISHARES | 464285105 | 235,895 | 19,162,904 | SH | SOLE | 14,347,297 | 0 | 4,815,607 | ||
| Goldman Sachs | COM | 38141G104 | 25,640 | 108,097 | SH | SOLE | 100,109 | 0 | 7,988 | ||
| Liberty Interactive Corp | QVC GP COM SERIES 'A' | 53071M104 | 97,145 | 4,121,556 | SH | SOLE | 3,778,974 | 0 | 342,582 | ||
| Marsh & McLennan Cos Inc. | COM | 571748102 | 62,048 | 740,338 | SH | SOLE | 685,593 | 0 | 54,745 | ||
| Mastercard Inc. Class A | CL A | 57636Q104 | 225,495 | 1,596,987 | SH | SOLE | 1,475,638 | 0 | 121,349 | ||
| Net 1 UEPS Technologies | COM | 64107N206 | 69,265 | 7,111,400 | SH | SOLE | 6,810,769 | 0 | 300,631 | ||
| News Corp - Class A | CL A | 65249B109 | 178,355 | 13,450,598 | SH | SOLE | 12,958,471 | 0 | 492,127 | ||
| News Corp Class B | CL B | 65249B208 | 46,663 | 3,418,537 | SH | SOLE | 3,319,441 | 0 | 99,096 | ||
| Oracle Corp | COM | 68389X105 | 248,000 | 5,129,268 | SH | SOLE | 4,739,502 | 0 | 389,766 | ||
| Phoenix New Media Ltd. | SPON ADS | 71910C103 | 24,033 | 4,080,252 | SH | SOLE | 4,080,252 | 0 | 0 | ||
| Ralph Lauren Corp. | CL A | 751212101 | 40,074 | 453,895 | SH | SOLE | 419,720 | 0 | 34,175 | ||
| Teradata Corp | COM | 88076W103 | 86,588 | 2,562,543 | SH | SOLE | 2,376,246 | 0 | 186,297 | ||
| Tiffany & Co. | COM | 886547108 | 64,403 | 701,715 | SH | SOLE | 649,321 | 0 | 52,394 | ||
| United Technologies Corp | COM | 913017109 | 81,488 | 701,995 | SH | SOLE | 667,511 | 0 | 34,484 | ||