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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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 COM 88579Y101 38,033 268,442 SH   SOLE   268,442 0 0
Accenture PLC Ireland SHS CLASS A G1151C101 141,743 1,743,032 SH   SOLE   1,743,032 0 0
Airgas Inc COM 009363102 58,696 530,464 SH   SOLE   530,464 0 0
Alleghany Corp Del COM 017175100 85,615 204,748 SH   SOLE   204,748 0 0
Allied Wrld Assur Com Hldg A SHS H01531104 56,225 1,526,200 SH   SOLE   1,526,200 0 0
Allison Transmission Hldgs I COM 01973R101 46,738 1,640,495 SH   SOLE   1,640,495 0 0
Amdocs Ltd SHS G02602103 83,431 1,818,460 SH   SOLE   1,818,460 0 0
American Express Co COM 025816109 125,141 1,429,532 SH   SOLE   1,429,532 0 0
American Tower Corp New COM 03027X100 170,915 1,825,429 SH   SOLE   1,825,429 0 0
Analog Devices Inc COM 032654105 83,313 1,683,428 SH   SOLE   1,683,428 0 0
Arrow Electrs Inc COM 042735100 95,988 1,734,204 SH   SOLE   1,734,204 0 0
Bancolombia S A SPON ADR PREF 05968L102 25,524 450,000 SH   SOLE   450,000 0 0
Bank Amer Corp COM 060505104 66,018 3,872,007 SH   SOLE   3,872,007 0 0
Bank New York Mellon Corp COM 064058100 21,147 546,000 SH   SOLE   546,000 0 0
Becton Dickinson & Co COM 075887109 100,476 882,844 SH   SOLE   882,844 0 0
Berkshire Hathaway Inc Del CL B NEW 084670702 99,843 722,766 SH   SOLE   722,766 0 0
Blackstone Group L P COM UNIT LTD 09253U108 103,884 3,300,000 SH   SOLE   3,300,000 0 0
Brookdale SR Living Inc COM 112463104 78,423 2,434,000 SH   SOLE   2,434,000 0 0
Brookfield Renewable Enrgy P PARTNERSHIP UNIT G16258108 9,134 300,000 SH   SOLE   300,000 0 0
Brown & Brown Inc COM 115236101 94,641 2,943,726 SH   SOLE   2,943,726 0 0
Bard C R Inc COM 067383109 132,036 925,204 SH   SOLE   925,204 0 0
Carefusion Corp COM 14170T101 176,213 3,894,200 SH   SOLE   3,894,200 0 0
Cemex SAB DE CV SPON ADR NEW 151290889 29,992 2,300,000 SH   SOLE   2,300,000 0 0
Schwab Charles Corp New COM 808513105 10,874 370,000 SH   SOLE   370,000 0 0
Cheesecake Factory Inc COM 163072101 20,703 455,017 SH   SOLE   455,017 0 0
Cisco Sys Inc COM 17275R102 32,469 1,290,000 SH   SOLE   1,290,000 0 0
Citigroup Inc COM NEW 172967424 237,051 4,574,500 SH   SOLE   4,574,500 0 0
Clean Harbors Inc COM 184496107 9,225 171,095 SH   SOLE   171,095 0 0
Comcast Corp New CL A SPL 20030N200 291,438 5,447,436 SH   SOLE   5,447,436 0 0
Compania Cervecerias Unidas SPONSORED ADR 204429104 1,102 50,000 SH   SOLE   50,000 0 0
Corelogic Inc COM 21871D103 51,545 1,904,135 SH   SOLE   1,904,135 0 0
Covanta Hldg Corp COM 22282E102 148,862 7,015,167 SH   SOLE   7,015,167 0 0
Credicorp Ltd COM G2519Y108 30,678 200,000 SH   SOLE   200,000 0 0
Crown Castle Intl Corp COM 228227104 34,262 425,455 SH   SOLE   425,455 0 0
Danaher Corp Del COM 235851102 179,621 2,364,058 SH   SOLE   2,364,058 0 0
Delta Air Lines Inc Del COM NEW 247361702 111,658 3,088,750 SH   SOLE   3,088,750 0 0
Eagle Materials Inc COM 26969P108 36,862 362,000 SH   SOLE   362,000 0 0
Equifax Inc COM 294429105 219,594 2,938,104 SH   SOLE   2,938,104 0 0
Fidelity National Financial FNF GROUP COM 31620R303 67,769 2,443,000 SH   SOLE   2,443,000 0 0
Fidelity Natl Information SV COM 31620M106 231,314 4,108,593 SH   SOLE   4,108,593 0 0
Fiserv Inc COM 337738108 303,525 4,695,982 SH   SOLE   4,695,982 0 0
Flowers Foods Inc COM 343498101 109,413 5,959,308 SH   SOLE   5,959,308 0 0
Flowserve Corp COM 34354P105 84,434 1,197,300 SH   SOLE   1,197,300 0 0
Franklin Res Inc COM 354613101 63,894 1,170,000 SH   SOLE   1,170,000 0 0
Genesee & Wyo Inc CL A 371559105 73,392 770,030 SH   SOLE   770,030 0 0
Grana Y Montero S A A SPONSORED ADR 38500P208 6,759 450,000 SH   SOLE   450,000 0 0
Grupo Aeroportuario Ctr Nort SPON ADR 400501102 4,379 123,974 SH   SOLE   123,974 0 0
Grupo Aval Acciones Y Valore SPONSORED ADS 40053W101 27,778 2,050,000 SH   SOLE   2,050,000 0 0
Grupo Financiero Santander M SPON ADR SHS B 40053C105 83,137 6,144,628 SH   SOLE   6,144,628 0 0
Grupo Televisa SA SPON ADR REP ORD 40049J206 1,186 35,000 SH   SOLE   35,000 0 0
Hasbro Inc COM 418056107 68,186 1,239,864 SH   SOLE   1,239,864 0 0
HCC Ins Hldgs Inc COM 404132102 104,081 2,155,332 SH   SOLE   2,155,332 0 0
Helmerich & Payne Inc COM 423452101 79,580 813,115 SH   SOLE   813,115 0 0
Schein Henry Inc COM 806407102 161,280 1,384,733 SH   SOLE   1,384,733 0 0
Home Depot Inc COM 437076102 241,874 2,636,516 SH   SOLE   2,636,516 0 0
Itau Unibanco Hldg SA SPON ADR REP PFD 465562106 121,117 8,726,000 SH   SOLE   8,726,000 0 0
Jacobs Engr Group Inc Del COM 469814107 48,534 994,150 SH   SOLE   994,150 0 0
Jarden Corp COM 471109108 106,299 1,768,400 SH   SOLE   1,768,400 0 0
KKR & Co L P Del COM UNITS 48248M102 234,723 10,525,700 SH   SOLE   10,525,700 0 0
Kraft Foods Group Inc COM 50076Q106 90,106 1,597,632 SH   SOLE   1,597,632 0 0
Legg Mason Inc COM 524901105 44,893 877,500 SH   SOLE   877,500 0 0
Leucadia Natl Corp COM 527288104 17,865 749,362 SH   SOLE   749,362 0 0
Liberty Global PLC SHS CL A G5480U104 13,826 325,020 SH   SOLE   325,020 0 0
Liberty Global PLC SHS CL C G5480U120 43,829 1,068,600 SH   SOLE   1,068,600 0 0
Liberty Interactive Corp INT COM SER A 53071M104 33,450 1,172,856 SH   SOLE   1,172,856 0 0
Macquarie Infrastr Co Llc MEMBERSHIP INT 55608B105 43,697 655,122 SH   SOLE   655,122 0 0
Marriott Intl Inc New CL A 571903202 26,073 373,000 SH   SOLE   373,000 0 0
Martin Marietta Matls Inc COM 573284106 37,644 291,950 SH   SOLE   291,950 0 0
Mastercard Inc CL A 57636Q104 111,944 1,514,390 SH   SOLE   1,514,390 0 0
Medtronic Inc COM 585055106 81,240 1,311,375 SH   SOLE   1,311,375 0 0
Mettler Toledo International COM 592688105 37,459 146,250 SH   SOLE   146,250 0 0
Nasdaq OMX Group Inc COM 631103108 33,491 789,505 SH   SOLE   789,505 0 0
National Instrs Corp COM 636518102 50,668 1,638,150 SH   SOLE   1,638,150 0 0
Oaktree Cap Group LLC UNIT CL A 674001201 78,490 1,536,000 SH   SOLE   1,536,000 0 0
Oracle Corp COM 68389X105 41,802 1,092,000 SH   SOLE   1,092,000 0 0
PerkinElmer Inc COM 714046109 53,037 1,216,446 SH   SOLE   1,216,446 0 0
PNC Finl Svcs Group Inc COM 693475105 53,545 625,667 SH   SOLE   625,667 0 0
Precision Castparts Corp COM 740189105 61,973 261,620 SH   SOLE   261,620 0 0
Precision Drilling Corp COM 2010 74022D308 33,929 3,146,600 SH   SOLE   3,146,600 0 0
Procter & Gamble Co COM 742718109 59,733 713,310 SH   SOLE   713,310 0 0
Progressive Waste Solutions COM 74339G101 32,911 1,280,859 SH   SOLE   1,280,859 0 0
Ralph Lauren Corp CL A 751212101 36,619 222,300 SH   SOLE   222,300 0 0
Realogy Hldgs Corp COM 75605Y106 38,666 1,039,398 SH   SOLE   1,039,398 0 0
Roper Inds Inc New COM 776696106 137,296 938,518 SH   SOLE   938,518 0 0
Sandisk Corp COM 80004C101 147,072 1,501,500 SH   SOLE   1,501,500 0 0
Schlumberger Ltd COM 806857108 183,668 1,806,160 SH   SOLE   1,806,160 0 0
Sherwin Williams Co COM 824348106 190,689 870,767 SH   SOLE   870,767 0 0
Snap On Inc COM 833034101 70,342 580,958 SH   SOLE   580,958 0 0
State Str Corp COM 857477103 163,672 2,223,500 SH   SOLE   2,223,500 0 0
Suncor Energy Inc New COM 867224107 143,249 3,962,620 SH   SOLE   3,962,620 0 0
Texas Instrs Inc COM 882508104 236,630 4,961,843 SH   SOLE   4,961,843 0 0
Time Warner Cable Inc COM 88732J207 22,384 156,000 SH   SOLE   156,000 0 0
Twenty First Centy Fox Inc CL A 90130A101 169,811 4,952,209 SH   SOLE   4,952,209 0 0
US Bancorp Del COM NEW 902973304 120,933 2,891,050 SH   SOLE   2,891,050 0 0
Union Pac Corp COM 907818108 68,711 633,750 SH   SOLE   633,750 0 0
United Parcel Service Inc CL B 911312106 125,833 1,280,225 SH   SOLE   1,280,225 0 0
Validus Holdings Ltd COM SHS G9319H102 82,332 2,103,529 SH   SOLE   2,103,529 0 0
Valmont Inds Inc COM 920253101 47,924 355,180 SH   SOLE   355,180 0 0
Visa Inc COM CL A 92826C839 139,144 652,125 SH   SOLE   652,125 0 0
Grainger W W Inc COM 384802104 77,808 309,192 SH   SOLE   309,192 0 0
Wabco Hldgs Inc COM 92927K102 127,347 1,400,191 SH   SOLE   1,400,191 0 0
Walgreen Co COM 931422109 78,181 1,319,071 SH   SOLE   1,319,071 0 0
Wal-Mart Stores Inc COM 931142103 110,462 1,444,520 SH   SOLE   1,444,520 0 0
Waste Connections Inc COM 941053100 56,315 1,160,656 SH   SOLE   1,160,656 0 0
Wells Fargo & Co New COM 949746101 110,428 2,128,937 SH   SOLE   2,128,937 0 0