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
Estimated average burden
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 COM 88579Y101 65,766 373,180 SH   SOLE NONE 185,750 0 187,430
ABBOTT LABORATORIES COM 002824100 604,866 14,302,816 SH   SOLE NONE 11,326,196 0 2,976,620
ALPHABET - CLASS A COM 02079K305 277,897 345,617 SH   SOLE NONE 127,600 0 218,017
ALTRIA GROUP COM 02209S103 2,213 35,000 SH   SOLE NONE 35,000 0 0
AMBEV ADR COM 02319V103 2,527 415,000 SH   SOLE NONE 185,000 0 230,000
AMETEK COM 031100100 69,109 1,446,400 SH   SOLE NONE 224,000 0 1,222,400
AMGEN COM 031162100 202,366 1,213,152 SH   SOLE NONE 926,150 0 287,002
APPLE COM 037833100 100,911 892,625 SH   SOLE NONE 81,250 0 811,375
AUTOMATIC DATA PROCESSING COM 053015103 22,932 260,000 SH   SOLE NONE 210,000 0 50,000
BAIDU ADR COM 056752108 48,513 266,450 SH   SOLE NONE 43,750 0 222,700
BARRICK GOLD COM 067901108 1,772 100,000 SH   SOLE NONE 100,000 0 0
BERKSHIRE HATHAWAY A COM 084670108 1,081 5 SH   SOLE NONE 0 0 5
BERKSHIRE HATHAWAY B COM 084670702 532,303 3,684,524 SH   SOLE NONE 3,289,014 0 395,510
CHINA MOBILE ADR COM 16941M109 1,061 17,250 SH   SOLE NONE 0 0 17,250
CISCO SYSTEMS COM 17275R102 2,162 68,170 SH   SOLE NONE 7,000 0 61,170
COACH COM 189754104 13,520 369,800 SH   SOLE NONE 10,000 0 359,800
COCA-COLA COM 191216100 369,092 8,721,448 SH   SOLE NONE 6,482,987 0 2,238,461
COLGATE-PALMOLIVE COM 194162103 30,023 404,950 SH   SOLE NONE 27,500 0 377,450
CONOCOPHILLIPS COM 20825C104 12,128 279,000 SH   SOLE NONE 64,000 0 215,000
CR BARD COM 067383109 2,467 11,000 SH   SOLE NONE 11,000 0 0
CREDICORP COM G2519Y108 951 6,250 SH   SOLE NONE 2,250 0 4,000
DANAHER COM 235851102 261,918 3,341,211 SH   SOLE NONE 2,904,211 0 437,000
DILLARDS COM 254067101 2,520 40,000 SH   SOLE NONE 40,000 0 0
DR REDDY'S LABORATORIES ADR COM 256135203 1,857 40,000 SH   SOLE NONE 15,000 0 25,000
EMERSON ELECTRIC COM 291011104 12,633 231,750 SH   SOLE NONE 0 0 231,750
EXXON MOBIL COM 30231G102 19,756 226,350 SH   SOLE NONE 0 0 226,350
FACEBOOK COM 30303M102 238 1,855 SH   SOLE NONE 0 0 1,855
FEMSA ADR COM 344419106 1,151 12,500 SH   SOLE NONE 7,500 0 5,000
FORTIVE COM 34959J108 58,114 1,141,720 SH   SOLE NONE 693,956 0 447,764
GOLDCORP COM 380956409 44,651 2,702,820 SH   SOLE NONE 889,000 0 1,813,820
GRUPO SANTANDER MEXICO ADR COM 40053C105 1,342 152,500 SH   SOLE NONE 55,000 0 97,500
HONEYWELL INTERNATIONAL COM 438516106 379 3,250 SH   SOLE NONE 0 0 3,250
IBM COM 459200101 80,408 506,190 SH   SOLE NONE 175,000 0 331,190
INFOSYS ADR COM 456788108 1,499 95,000 SH   SOLE NONE 45,000 0 50,000
INTEL COM 458140100 1,133 30,000 SH   SOLE NONE 0 0 30,000
INTL FLAVORS & FRAGRANCES COM 459506101 1,072 7,500 SH   SOLE NONE 0 0 7,500
JOHNSON & JOHNSON COM 478160104 291,913 2,471,115 SH   SOLE NONE 1,369,870 0 1,101,245
L BRANDS COM 501797104 91,104 1,287,324 SH   SOLE NONE 160,500 0 1,126,824
LIBERTY INTERACTIVE A COM 53071M104 17,327 865,900 SH   SOLE NONE 10,000 0 855,900
MARATHON OIL COM 565849106 9,802 620,000 SH   SOLE NONE 300,000 0 320,000
MASTERCARD COM 57636Q104 314,736 3,092,619 SH   SOLE NONE 1,292,899 0 1,799,720
MCDONALDS COM 580135101 12,491 108,278 SH   SOLE NONE 0 0 108,278
MEDTRONIC COM G5960L103 125,224 1,449,351 SH   SOLE NONE 182,500 0 1,266,851
MICHAEL KORS COM G60754101 434,880 9,294,299 SH   SOLE NONE 8,530,449 0 763,850
MICROSOFT COM 594918104 415,027 7,205,332 SH   SOLE NONE 4,143,447 0 3,061,885
MONSANTO COM 61166W101 238,397 2,332,647 SH   SOLE NONE 2,332,647 0 0
MONSANTO CALL COM 61166W901 43,026 4,210 SH Call SOLE NONE 0 0 0
NATIONAL OILWELL VARCO COM 637071101 14,376 391,300 SH   SOLE NONE 126,300 0 265,000
NEWMONT MINING COM 651639106 35,098 893,300 SH   SOLE NONE 310,000 0 583,300
NIKE COM 654106103 45,690 867,800 SH   SOLE NONE 192,000 0 675,800
OCCIDENTAL PETROLEUM COM 674599105 6,537 89,650 SH   SOLE NONE 26,000 0 63,650
ORACLE COM 68389X105 21,877 556,945 SH   SOLE NONE 6,500 0 550,445
PAYPAL COM 70450Y103 123,596 3,016,750 SH   SOLE NONE 787,000 0 2,229,750
PEPSICO COM 713448108 8,350 76,770 SH   SOLE NONE 2,500 0 74,270
PHILIP MORRIS INTL. COM 718172109 7,457 76,700 SH   SOLE NONE 0 0 76,700
PRICELINE GROUP COM 741503403 48,826 33,181 SH   SOLE NONE 725 0 32,456
PROCTER & GAMBLE COM 742718109 177,420 1,976,826 SH   SOLE NONE 1,510,226 0 466,600
QIAGEN COM N72482107 6,470 235,000 SH   SOLE NONE 0 0 235,000
QUALCOMM COM 747525103 40,990 598,400 SH   SOLE NONE 127,000 0 471,400
ROPER TECHNOLOGIES COM 776696106 39,778 218,000 SH   SOLE NONE 38,000 0 180,000
ROSS STORES COM 778296103 2,379 37,000 SH   SOLE NONE 37,000 0 0
SEAGATE TECHNOLOGY COM G7945M107 1,349 35,000 SH   SOLE NONE 35,000 0 0
SUNCOR ENERGY COM 867224107 2,358 85,000 SH   SOLE NONE 85,000 0 0
TAIWAN SEMICONDUCTOR ADR COM 874039100 3,411 111,500 SH   SOLE NONE 48,000 0 63,500
THERMO FISHER SCIENTIFIC COM 883556102 7,151 44,960 SH   SOLE NONE 0 0 44,960
TJX COMPANIES COM 872540109 77,770 1,039,980 SH   SOLE NONE 119,100 0 920,880
ULTRAPAR ADR COM 90400P101 1,587 72,500 SH   SOLE NONE 32,500 0 40,000
UNION PACIFIC COM 907818108 10,826 111,000 SH   SOLE NONE 0 0 111,000
UNITED TECHNOLOGIES COM 913017109 198,039 1,949,200 SH   SOLE NONE 1,815,800 0 133,400
VERIZON COMMUNICATIONS COM 92343V104 12,839 247,000 SH   SOLE NONE 0 0 247,000
VISA - CLASS A COM 92826C839 162,109 1,960,202 SH   SOLE NONE 554,102 0 1,406,100
WAL-MART STORES COM 931142103 1,666 23,100 SH   SOLE NONE 0 0 23,100
WALT DISNEY COM 254687106 4,736 51,000 SH   SOLE NONE 0 0 51,000
WELLS FARGO COM 949746101 13,063 295,000 SH   SOLE NONE 0 0 295,000
WESTERN UNION COM 959802109 7,495 360,000 SH   SOLE NONE 0 0 360,000
YUM! BRANDS COM 988498101 1,158 12,750 SH   SOLE NONE 0 0 12,750
0,350% PRICELINE 15.06.2020 NOTE 741503AS5 6,541 5,100,000 PRN   SOLE NONE 0 0 0
0,500% TOLL BROTHERS 15.09.2032 NOTE 88947EAM2 5,907 6,000,000 PRN   SOLE NONE 0 0 0
0,900% PRICELINE 15.09.2021 NOTE 741503AX4 3,401 3,160,000 PRN   SOLE NONE 0 0 0
1,000% CTRIP.COM 01.07.2020 NOTE 22943FAF7 2,182 2,000,000 PRN   SOLE NONE 0 0 0
1,000% ON SEMICONDUCTOR 01.12.2020 NOTE 682189AK1 3,156 3,100,000 PRN   SOLE NONE 0 0 0
1,375% BROCADE 01.01.2020 NOTE 111621AQ1 3,977 4,000,000 PRN   SOLE NONE 0 0 0
1,375% LIBERTY MEDIA 15.10.2023 NOTE 531229AB8 16,852 16,000,000 PRN   SOLE NONE 0 0 0
1,625% MOLINA HEALTHCARE 15.08.2044 NOTE 60855RAD2 2,978 2,500,000 PRN   SOLE NONE 0 0 0
1,875% JAZZ INVESTMENTS 15.08.2021 NOTE 472145AB7 7,127 7,000,000 PRN   SOLE NONE 0 0 0
1,990% CTRIP.COM 01.07.2025 NOTE 22943FAH3 2,838 2,500,000 PRN   SOLE NONE 0 0 0
2,500% LIVE NATION ENTERTAINMENT 15.05.2019 NOTE 538034AJ8 4,370 4,000,000 PRN   SOLE NONE 0 0 0
3,000% MICRON TECHNOLOGY 15.11.2043 NOTE 595112AY9 2,719 3,000,000 PRN   SOLE NONE 0 0 0
7,500% WELLS FARGO 15.12.2049 NOTE 949746804 3,922 3,000 PRN   SOLE NONE 0 0 0