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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hours per response: 23.8
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
3M Company COM 85579Y101 1,390 9,010 SH   SOLE   9,010 0 0
Aetna Inc COM 00817Y108 37,416 293,555 SH   SOLE   293,555 0 0
Aflac Inc COM 001055102 60,124 966,645 SH   SOLE   966,645 0 0
Alleghany Corp Del COM 017175100 19,952 42,563 SH   SOLE   42,563 0 0
American Express Co COM 025816109 46,506 598,375 SH   SOLE   598,375 0 0
Ampco-Pittsburgh Corp COM 032037103 6,239 412,659 SH   SOLE   412,659 0 0
Apache Corp COM 037411105 10,846 188,207 SH   SOLE   188,207 0 0
AT&T Inc COM 00206R102 44,431 1,250,875 SH   SOLE   1,250,875 0 0
Berkshire Hathaway Inc Del CL B 084670702 50,531 371,255 SH   SOLE   371,255 0 0
Cheveron Corp COM 166764100 49,250 510,518 SH   SOLE   510,518 0 0
Citigroup Inc COM 172967424 53,639 971,025 SH   SOLE   971,025 0 0
Emerson Elec Co COM 291011104 17,786 320,900 SH   SOLE   320,900 0 0
Hyster-Yale Materials CL A 449172105 14,386 207,641 SH   SOLE   207,641 0 0
Intel Corp COM 458140100 31,601 1,038,815 SH   SOLE   1,038,815 0 0
JP Morgan Chase & Co COM 46625H100 2,147 31,690 SH   SOLE   31,690 0 0
Microsoft Corp COM 594918104 50,152 1,135,930 SH   SOLE   1,135,930 0 0
Miller Inds Inc Tenn COM 600551204 5,057 253,447 SH   SOLE   253,447 0 0
National Oilwell Varco Inc COM 637071101 38,492 797,261 SH   SOLE   797,261 0 0
New York Cmnty Bancorp Inc COM 649445103 9,290 505,450 SH   SOLE   505,450 0 0
Now Inc COM 67011P100 16,057 806,511 SH   SOLE   806,511 0 0
Pepsico Inc COM 713448108 4,486 48,060 SH   SOLE   48,060 0 0
Procter & Gamble Co COM 742718109 43,251 552,800 SH   SOLE   552,800 0 0
Scansource Inc COM 806037107 27,570 724,404 SH   SOLE   724,404 0 0
Staples Inc COM 855030102 12,198 796,695 SH   SOLE   796,695 0 0
Stryker Corp COM 863667101 37,565 393,080 SH   SOLE   393,080 0 0
Telephone & Data Sys Inc COM 879433829 24,642 838,135 SH   SOLE   838,135 0 0
Total Sys Svcs Inc COM 891906109 29,352 702,705 SH   SOLE   702,705 0 0
Valmont Inds Inc COM 920253101 27,004 227,172 SH   SOLE   227,172 0 0
Varian Med Sys Inc COM 92220P105 41,021 486,425 SH   SOLE   486,425 0 0
Wal-Mart Stores Inc COM 931142103 38,548 543,480 SH   SOLE   660 0 0
Wells Fargo & Co COM 949746101 55,225 981,960 SH   SOLE   981,960 0 0