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 Co COMMON 88579Y101 65,596 373,578 SH   SOLE   187,433 0 186,145
Abbott Laboratories COMMON 2824100 48,432 1,232,158 SH   SOLE   783,207 0 448,951
Accenture Plc COMMON G1151C101 59,784 527,157 SH   SOLE   334,870 0 192,287
Chubb Limited COMMON H1467J104 69,826 531,685 SH   SOLE   337,736 0 193,949
Aflac Inc COMMON 1055102 73,598 1,019,958 SH   SOLE   653,183 0 366,775
Alleghany Corp COMMON 17175100 81,379 148,097 SH   SOLE   94,829 0 53,268
Alphabet Inc. - Class A COMMON 02079K305 36,583 52,006 SH   SOLE   33,319 0 18,687
Alphabet Inc. - Class C COMMON 02079K107 33,972 49,085 SH   SOLE   31,405 0 17,680
Amazon.com Inc COMMON 23135106 12,758 17,838 SH   SOLE   11,403 0 19,235
America Movil SAB de CV COMMON 02364W105 6,479 528,497 SH   SOLE   340,918 0 187,579
American Express Co COMMON 25816109 39,048 639,960 SH   SOLE   409,639 0 230,321
American International Group Inc COMMON 26874784 7,130 134,814 SH   SOLE   86,165 0 48,649
Analog Devices Inc COMMON 32654105 56,319 994,327 SH   SOLE   631,602 0 362,725
Atwood Oceanics Inc COMMON 50095108 6,575 525,242 SH   SOLE   336,858 0 188,384
Automatic Data Processing COMMON 53015103 32,994 357,770 SH   SOLE   227,148 0 130,622
Autozone Inc COMMON 53332102 32,486 40,935 SH   SOLE   25,994 0 14,941
Axalta Coating Systems Ltd COMMON G0750C108 22,302 840,761 SH   SOLE   538,619 0 302,142
Baidu Inc - Spon ADR COMMON 56752108 71,560 433,303 SH   SOLE   344,226 0 89,077
Bancolombia Sa -Pref COMMON 05968L102 16,048 459,568 SH   SOLE   296,585 0 162,983
Baxter International Inc COMMON 71813109 41,037 905,242 SH   SOLE   579,757 0 325,485
Berkshire Hathaway Inc COMMON 84670702 62,350 429,540 SH   SOLE   214,951 0 214,589
Brookfield Asset Management Inc - CL A COMMON 112585104 37,879 1,150,814 SH   SOLE   738,277 0 412,537
Brookfield Business Partners Units COMMON G16234109 28 1,473 SH   SOLE   1,473 0 0
Canadian Natural Resources Ltd COMMON 136385101 89,075 2,886,608 SH   SOLE   1,870,674 0 1,015,934
Carmax Inc COMMON 143130102 24,136 492,312 SH   SOLE   315,058 0 177,254
Compania Cervecerias Unidas Spon ADR COMMON 204429104 691 29,618 SH   SOLE   0 0 29,618
Compania De Minas Buenaventu Spon ADR COMMON 204448104 10,668 892,816 SH   SOLE   575,700 0 317,116
Clean Harbors Inc COMMON 184496107 35,667 684,428 SH   SOLE   438,386 0 246,042
Coca Cola Co COMMON 191216100 121,723 2,667,137 SH   SOLE   1,703,074 0 964,063
Colgate Palmolive Co COMMON 194162103 164,484 2,247,152 SH   SOLE   1,430,150 0 817,002
Costco Wholesale Corp COMMON 22160K105 36,723 233,847 SH   SOLE   149,756 0 84,091
Dolby Laboratories Inc-CL A COMMON 25659T107 13,410 280,247 SH   SOLE   179,191 0 101,056
Ebay Inc COMMON 278642103 28,842 1,232,046 SH   SOLE   788,674 0 443,372
Emerson Electric Co COMMON 291011104 40,483 776,191 SH   SOLE   492,674 0 283,517
Endurance Speciality Holdings COMMON G30397106 27,541 410,116 SH   SOLE   260,530 0 149,586
EOG Resources Inc COMMON 26875P101 3,468 41,580 SH   SOLE   26,548 0 15,032
Estee Lauder Companies Class A COMMON 518439104 43,976 483,146 SH   SOLE   306,920 0 176,226
Expeditors Intl Wash Inc COMMON 302130109 21,277 433,887 SH   SOLE   275,441 0 158,446
Fastenal Co COMMON 311900104 8,597 193,688 SH   SOLE   123,816 0 69,872
First Republic Bank COMMON 33616C100 14,193 202,798 SH   SOLE   129,663 0 73,135
Flir Systems Inc COMMON 302445101 44,244 1,429,521 SH   SOLE   915,351 0 514,170
Franklin Resources Inc COMMON 354613101 40,826 1,217,436 SH   SOLE   773,349 0 444,087
Fresenius Medical Care Ag And Co. Kgaa COMMON 358029106 31,351 716,654 SH   SOLE   330,502 0 386,152
Genpact Ltd COMMON G3922B107 11,321 421,820 SH   SOLE   337,521 0 84,299
Goldman Sachs Group Inc COMMON 38141G104 3,137 21,115 SH   SOLE   13,493 0 7,622
Harley Davidson Inc COMMON 412822108 66,921 1,477,217 SH   SOLE   941,121 0 536,096
Hartford Financial SVCS Group COMMON 416515104 24,714 554,560 SH   SOLE   352,306 0 202,254
Intel Corp COMMON 458140100 75,234 2,293,723 SH   SOLE   1,464,707 0 829,016
Johnson and Johnson COMMON 478160104 264,759 2,182,740 SH   SOLE   1,390,657 0 792,083
JP Morgan Chase & Co COMMON 46625H100 24,763 398,477 SH   SOLE   255,258 0 143,219
Kraft Heinz Co. COMMON 500754106 5,232 58,796 SH   SOLE   37,586 0 21,210
Lincoln Electric Holdings Inc COMMON 533900106 4,874 82,100 SH   SOLE   52,468 0 29,632
Linear Technology Corp COMMON 535678106 140,398 3,017,472 SH   SOLE   1,919,957 0 1,097,515
Loews Corp COMMON 540424108 87,593 2,131,820 SH   SOLE   1,364,836 0 766,984
Luxottica Group Spa COMMON 55068R202 96,935 1,983,885 SH   SOLE   1,414,810 0 569,075
M & T Bank Corp COMMON 55261F104 46,838 396,163 SH   SOLE   252,923 0 143,240
Markel Corp COMMON 570535104 16,741 17,576 SH   SOLE   11,239 0 6,337
Martin Marietta Materials Inc COMMON 573284106 9,813 51,108 SH   SOLE   32,669 0 18,439
McDonalds Corp COMMON 580135101 74,600 619,932 SH   SOLE   396,065 0 223,867
Mead Johnson Nutrition Co. COMMON 582839106 47,391 520,082 SH   SOLE   330,633 0 189,449
Merck & Co Inc COMMON 58933Y105 44,970 775,014 SH   SOLE   496,303 0 278,711
Microsoft Corp COMMON 594918104 35,549 694,718 SH   SOLE   444,805 0 249,913
Monsanto Co COMMON 61166W101 49,794 481,456 SH   SOLE   308,198 0 173,258
MSC Industrial Direct Co A COMMON 553530106 25,416 360,217 SH   SOLE   230,662 0 129,555
National Oilwell Varco Inc COMMON 637071101 26,525 788,315 SH   SOLE   504,833 0 283,482
Now Inc COMMON 67011P100 4,751 261,944 SH   SOLE   167,393 0 94,551
Omnicom Group Inc COMMON 681919106 108,591 1,324,559 SH   SOLE   843,379 0 481,180
Oracle Corp COMMON 68389X105 114,291 2,792,590 SH   SOLE   1,784,709 0 1,007,881
Paccar Inc COMMON 693718108 8,629 166,373 SH   SOLE   106,365 0 60,008
Paychex Inc COMMON 704326107 34,533 580,411 SH   SOLE   368,676 0 211,735
PayPal Holdings Inc. COMMON 70450Y103 43,998 1,205,100 SH   SOLE   771,439 0 433,661
Pepsico Inc COMMON 713448108 12,652 119,429 SH   SOLE   76,353 0 43,076
PPG Industries Inc COMMON 693506107 17,943 172,285 SH   SOLE   110,284 0 62,001
Praxair Inc COMMON 74005P104 131,138 1,166,849 SH   SOLE   742,744 0 424,105
Procter & Gamble Co COMMON 742718109 173,719 2,051,718 SH   SOLE   1,305,765 0 745,953
Sociedad Quimica y Minera de Chile -SP ADR COMMON 833635105 1,318 53,331 SH   SOLE   33,822 0 19,509
Rayonier Inc COMMON 754907103 44,700 1,703,342 SH   SOLE   958,965 0 744,377
Renaissancere Holdings Ltd COMMON G7496G103 30,685 261,298 SH   SOLE   165,990 0 95,308
Rogers Communications Inc COMMON 775109200 64,007 1,575,936 SH   SOLE   1,021,234 0 554,702
Superior Energy Services Inc COMMON 868157108 33,437 1,816,441 SH   SOLE   1,162,843 0 653,598
Price T Rowe Group Inc COMMON 74144T108 21,358 292,714 SH   SOLE   185,834 0 106,880
Taiwan Semiconductor Manufacturing Co Ltd COMMON 874039100 2,195 81,385 SH   SOLE   0 0 81,385
TD Ameritrade Holding Corp COMMON 87236Y108 6,003 210,819 SH   SOLE   134,708 0 76,111
Texas Instruments Inc COMMON 882508104 96,788 1,544,948 SH   SOLE   981,377 0 563,571
The Hershey Company COMMON 427866108 131,336 1,157,339 SH   SOLE   737,250 0 420,089
Time Warner Inc COMMON 887317303 66,356 902,360 SH   SOLE   575,155 0 327,205
TJX Companies Inc COMMON 872540109 6,396 82,816 SH   SOLE   52,926 0 29,890
Travelers Companies Inc COMMON 89417E109 135,507 1,138,351 SH   SOLE   723,070 0 415,281
TRIPADVISOR INC COMMON 896945201 8,304 129,144 SH   SOLE   82,644 0 46,500
Union Pacific Corp Inc COMMON 907818108 40,616 465,498 SH   SOLE   295,721 0 169,777
United Parcel Services Cl B COMMON 911312106 10,969 101,823 SH   SOLE   65,084 0 36,739
United Technologies Corp COMMON 913017109 39,577 385,922 SH   SOLE   270,576 0 115,346
US Bancorp COMMON 902973304 129,352 3,189,147 SH   SOLE   2,030,598 0 1,158,549
Varian Medical Systems Inc COMMON 92220P105 33,204 403,823 SH   SOLE   256,522 0 147,301
Waters Corp COMMON 941848103 68,942 490,168 SH   SOLE   311,180 0 178,988
Wells Fargo & Co COMMON 949746101 96,455 2,037,774 SH   SOLE   1,298,678 0 739,096
Weyerhaeuser Co COMMON 962166104 17,887 600,970 SH   SOLE   339,044 0 261,926
Williams-Sonoma Inc COMMON 969904101 16,616 318,737 SH   SOLE   204,184 0 114,553
WMI Holdings Corp COMMON 92936P100 1 563 SH   SOLE   408 0 155
Wolverine World Wide Inc COMMON 978097103 14,519 712,644 SH   SOLE   456,531 0 256,113
Xilinx Inc COMMON 983919101 49,169 1,065,914 SH   SOLE   677,859 0 388,055