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 COM 88579Y101 69,311 580,442 SH   SOLE None 580,442 0 0
Airgas Inc COM 009363102 45,916 432,964 SH   SOLE None 432,964 0 0
Alleghany Corp Del COM 017175100 64,835 158,268 SH   SOLE None 158,268 0 0
Allied Wrld Assur Com Hldg A SHS H01531104 72,098 725,400 SH   SOLE None 725,400 0 0
Allison Transmission Hldgs I COM 01973R101 41,094 1,640,495 SH   SOLE None 1,640,495 0 0
Amdocs Ltd ORD G02602103 58,055 1,584,460 SH   SOLE None 1,584,460 0 0
American Express Co COM 025816109 126,838 1,679,532 SH   SOLE None 1,679,532 0 0
American Tower Corp New COM 03027X100 50,739 684,459 SH   SOLE None 684,459 0 0
Amerisourcebergen Corp COM 03073E105 63,779 1,043,849 SH   SOLE None 1,043,849 0 0
Amphenol Corp New CL A 032095101 25,083 324,157 SH   SOLE None 324,157 0 0
Analog Devices Inc COM 032654105 36,625 778,428 SH   SOLE None 778,428 0 0
Arrow Electrs Inc COM 042735100 92,843 1,913,104 SH   SOLE None 1,913,104 0 0
Avis Budget Group COM 053774105 44,975 1,560,000 SH   SOLE None 1,560,000 0 0
Banco Bradesco S A SP ADR PFD NEW 059460303 30,779 2,217,500 SH   SOLE None 2,217,500 0 0
Banco Macro SA SPON ADR B 05961W105 16,327 680,300 SH   SOLE None 680,300 0 0
Bancolombia S A SPON ADR PREF 05968L102 14,385 250,000 SH   SOLE None 250,000 0 0
Bank of America Corporation COM 060505104 75,576 5,476,507 SH   SOLE None 5,476,507 0 0
Becton Dickinson & Co COM 075887109 88,302 882,844 SH   SOLE None 882,844 0 0
Bed Bath & Beyond Inc COM 075896100 68,857 890,081 SH   SOLE None 890,081 0 0
Berkshire Hathaway Inc Del CL B NEW 084670702 77,614 683,766 SH   SOLE None 683,766 0 0
Blackrock Inc COM 09247X101 61,578 227,545 SH   SOLE None 227,545 0 0
Brookfield Asset Mgmt Inc CL A LTD VT SH 112585104 60,149 1,608,268 SH   SOLE None 1,608,268 0 0
Brookfield PPTY Partners L P UNIT LTD PARTN G16249107 2,880 148,600 SH   SOLE None 148,600 0 0
Brookfield Renewable Enrgy P PARTNERSHIP UNIT G16258108 34,161 1,278,000 SH   SOLE None 1,278,000 0 0
Brown & Brown Inc COM 115236101 130,009 4,050,118 SH   SOLE None 4,050,118 0 0
Bard C R Inc COM 067383109 97,598 847,204 SH   SOLE None 847,204 0 0
Carefusion Corp COM 14170T101 97,645 2,646,200 SH   SOLE None 2,646,200 0 0
CBRE Group Inc CL A 12504L109 60,439 2,613,000 SH   SOLE None 2,613,000 0 0
CBS Corp New CL B 124857202 67,878 1,230,574 SH   SOLE None 1,230,574 0 0
Cementos Pacasmayo S A A SPON ADR REP 5 15126Q109 2,813 240,460 SH   SOLE None 240,460 0 0
Charter Communications Inc D CL A NEW 16117M305 19,675 146,000 SH   SOLE None 146,000 0 0
Clean Harbors Inc COM 184496107 25,948 442,345 SH   SOLE None 442,345 0 0
Comcast Corp New CL A SPL 20030N200 174,977 4,036,368 SH   SOLE None 4,036,368 0 0
Corelogic Inc COM 21871D103 75,372 2,786,385 SH   SOLE None 2,786,385 0 0
Covanta Hldg Corp COM 22282E102 61,225 2,863,647 SH   SOLE None 2,863,647 0 0
Covidien Plc SHS G2554F113 92,402 1,516,286 SH   SOLE None 1,516,286 0 0
Credicorp Ltd COM G2519Y108 25,050 195,000 SH   SOLE None 195,000 0 0
Cresud S A C I F Y A SPONSORED ADR 226406106 7,857 900,000 SH   SOLE None 900,000 0 0
Crown Castle Intl Corp COM 228227104 131,072 1,794,765 SH   SOLE None 1,794,765 0 0
Crown Holdings Inc COM 228368106 124,123 2,935,736 SH   SOLE None 2,935,736 0 0
Danaher Corp Del COM 235851102 77,434 1,117,052 SH   SOLE None 1,117,052 0 0
Discovery Communicatns New COM SER C 25470F302 48,241 617,521 SH   SOLE None 617,521 0 0
Dresser-Rand Group Inc COM 261608103 30,420 487,500 SH   SOLE None 487,500 0 0
Entegris Inc COM 29362U104 38,093 3,749,318 SH   SOLE None 3,749,318 0 0
Equifax Inc COM 294429105 145,320 2,428,070 SH   SOLE None 2,428,070 0 0
ERA Group Inc COM 26885G109 26,305 967,800 SH   SOLE None 967,800 0 0
Fidelity National Financial CL A 31620R105 60,994 2,293,000 SH   SOLE None 2,293,000 0 0
Fidelity Natl Information SV COM 31620M106 165,052 3,554,093 SH   SOLE None 3,554,093 0 0
Fiserv Inc COM 337738108 221,501 2,191,991 SH   SOLE None 2,191,991 0 0
Flir Sys Inc COM 302445101 65,708 2,092,607 SH   SOLE None 2,092,607 0 0
Flowers Foods Inc COM 343498101 61,397 2,863,675 SH   SOLE None 2,863,675 0 0
Flowserve Corp COM 34354P105 84,432 1,353,300 SH   SOLE None 1,353,300 0 0
Franks Intl N V COM N33462107 3,741 125,000 SH   SOLE None 125,000 0 0
Graco Inc COM 384109104 41,558 561,143 SH   SOLE None 561,143 0 0
Grana Y Montero S A A SPONSORED ADR 38500P208 11,976 600,000 SH   SOLE None 600,000 0 0
Grupo Aeroportuario Ctr Nort SPON ADR 400501102 3,301 123,974 SH   SOLE None 123,974 0 0
Grupo Financiero Santander M SPON ADR SHS B 40053C105 26,990 1,952,962 SH   SOLE None 1,952,962 0 0
Grupo Televisa SA SPON ADR REP ORD 40049J206 103,695 3,710,000 SH   SOLE None 3,710,000 0 0
Hasbro Inc COM 418056107 58,447 1,239,864 SH   SOLE None 1,239,864 0 0
HCC Ins Hldgs Inc COM 404132102 81,629 1,862,832 SH   SOLE None 1,862,832 0 0
Helmerich & Payne Inc COM 423452101 69,854 1,013,115 SH   SOLE None 1,013,115 0 0
Schein Henry Inc COM 806407102 143,687 1,384,733 SH   SOLE None 1,384,733 0 0
Hertz Global Holdings Inc COM 42805T105 24,199 1,092,000 SH   SOLE None 1,092,000 0 0
Idex Corp COM 45167R104 51,608 790,920 SH   SOLE None 790,920 0 0
Intuit COM 461202103 85,051 1,282,630 SH   SOLE None 1,282,630 0 0
IRSA Inversiones Y REP S A GLOBAL DEP RCPT 450047204 4,014 450,000 SH   SOLE None 450,000 0 0
Itau Unibanco Hldg SA SPON ADR REP PFD 465562106 172,405 12,210,000 SH   SOLE None 12,210,000 0 0
Jacobs Engr Group Inc Del COM 469814107 63,367 1,089,150 SH   SOLE None 1,089,150 0 0
KKR & Co L P Del COM UNITS 48248M102 84,378 4,100,000 SH   SOLE None 4,100,000 0 0
Kraft Foods Group Inc COM 50076Q106 83,844 1,597,632 SH   SOLE None 1,597,632 0 0
Leucadia Natl Corp COM 527288104 13,654 501,240 SH   SOLE None 501,240 0 0
Liberty Interactive Corp LBT VENT COM A 53071M880 21,818 247,454 SH   SOLE None 247,454 0 0
Liberty Interactive Corp INT COM SER A 53071M104 60,385 2,572,856 SH   SOLE None 2,572,856 0 0
Liberty Media Corp Delaware CL A 531229102 62,598 425,403 SH   SOLE None 425,403 0 0
Macquarie Infrastr Co Llc MEMBERSHIP INT 55608B105 22,333 417,122 SH   SOLE None 417,122 0 0
Markel Corp COM 570535104 48,261 93,210 SH   SOLE None 93,210 0 0
Marriott Intl Inc New CL A 571903202 58,337 1,387,000 SH   SOLE None 1,387,000 0 0
Martin Marietta Matls Inc COM 573284106 44,864 457,000 SH   SOLE None 457,000 0 0
Mastercard Inc CL A 57636Q104 126,812 188,489 SH   SOLE None 188,489 0 0
McGraw Hill Finl Inc COM 580645109 7,920 120,750 SH   SOLE None 120,750 0 0
MSC Indl Direct Inc CL A 553530106 18,537 227,872 SH   SOLE None 227,872 0 0
NICE Sys Ltd SPONSORED ADR 653656108 28,391 686,261 SH   SOLE None 686,261 0 0
Oaktree Cap Group LLC UNIT 99/99/9999 674001201 61,773 1,180,000 SH   SOLE None 1,180,000 0 0
Oceaneering Intl Inc COM 675232102 23,310 286,929 SH   SOLE None 286,929 0 0
PerkinElmer Inc COM 714046109 70,949 1,879,446 SH   SOLE None 1,879,446 0 0
Phillips 66 COM 718546104 25,156 435,080 SH   SOLE None 435,080 0 0
Precision Castparts Corp COM 740189105 83,022 365,348 SH   SOLE None 365,348 0 0
Progressive Waste Solutions COM 74339G101 24,966 968,859 SH   SOLE None 968,859 0 0
Rayonier Inc COM 754907103 58,186 1,045,573 SH   SOLE None 1,045,573 0 0
Regal Beloit Corp COM 758750103 30,908 455,000 SH   SOLE None 455,000 0 0
Roper Inds Inc New COM 776696106 50,807 382,380 SH   SOLE None 382,380 0 0
Schlumberger Ltd COM 806857108 15,507 175,500 SH   SOLE None 175,500 0 0
Seacor Holdings Inc COM 811904101 48,475 535,994 SH   SOLE None 535,994 0 0
Seagate Technology Plc SHS G7945M107 39,253 897,000 SH   SOLE None 897,000 0 0
Sinclair Broadcast Group Inc CL A 829226109 49,677 1,482,000 SH   SOLE None 1,482,000 0 0
Snap On Inc COM 833034101 57,805 580,958 SH   SOLE None 580,958 0 0
Southwestern Energy Co COM 845467109 17,689 486,234 SH   SOLE None 486,234 0 0
Stanley Black & Decker Inc COM 854502101 87,732 968,669 SH   SOLE None 968,669 0 0
State Str Corp COM 857477103 110,394 1,679,000 SH   SOLE None 1,679,000 0 0
Suncor Energy Inc New COM 867224107 13,954 390,000 SH   SOLE None 390,000 0 0
Synopsys Inc COM 871607107 98,533 2,613,608 SH   SOLE None 2,613,608 0 0
TD Ameritrade Hldg Corp COM 87236Y108 124,511 4,755,974 SH   SOLE None 4,755,974 0 0
Texas Instrs Inc COM 882508104 187,342 4,649,843 SH   SOLE None 4,649,843 0 0
Texas Pac Ld Tr SUB CTF PROP I T 882610108 13,710 162,192 SH   SOLE None 162,192 0 0
Bank New York Mellon Corp COM 064058100 18,839 624,000 SH   SOLE None 624,000 0 0
Blackstone Group L P COM UNIT LTD 09253U108 34,986 1,405,610 SH   SOLE None 1,405,610 0 0
Carlyle Group L P COM UTS LTD PTN 14309L102 23,148 900,000 SH   SOLE None 900,000 0 0
Cheesecake Factory Inc COM 163072101 30,282 689,017 SH   SOLE None 689,017 0 0
Coca Cola Co COM 191216100 43,960 1,160,507 SH   SOLE None 1,160,507 0 0
Home Depot Inc COM 437076102 93,355 1,230,786 SH   SOLE None 1,230,786 0 0
Nasdaq OMX Group Inc COM 631103108 20,406 635,505 SH   SOLE None 635,505 0 0
PNC Finl Svcs Group Inc COM 693475105 45,330 625,667 SH   SOLE None 625,667 0 0
Procter & Gamble Co COM 742718109 34,696 459,000 SH   SOLE None 459,000 0 0
Sherwin Williams Co COM 824348106 158,636 870,767 SH   SOLE None 870,767 0 0
St Joe Co COM 790148100 24,509 1,249,164 SH   SOLE None 1,249,164 0 0
Tidewater Inc COM 886423102 37,041 624,000 SH   SOLE None 624,000 0 0
Twenty First Centy Fox Inc CL A 90130A101 67,631 2,018,219 SH   SOLE None 2,018,219 0 0
US Bancorp Del COM NEW 902973304 144,599 3,952,950 SH   SOLE None 3,952,950 0 0
UGI Corp New COM 902681105 74,269 1,898,000 SH   SOLE None 1,898,000 0 0
Unit Corp COM 909218109 14,128 303,896 SH   SOLE None 303,896 0 0
United Parcel Service Inc CL B 911312106 205,134 2,245,095 SH   SOLE None 2,245,095 0 0
Visa Inc COM CL A 92826C839 27,733 145,125 SH   SOLE None 145,125 0 0
Vulcan Matls Co COM 929160109 34,169 659,500 SH   SOLE None 659,500 0 0
Grainger W W Inc COM 384802104 97,399 372,162 SH   SOLE None 372,162 0 0
Walgreen Co COM 931422109 272,103 5,057,678 SH   SOLE None 5,057,678 0 0
Wal-Mart Stores Inc COM 931142103 58,921 796,660 SH   SOLE None 796,660 0 0
Waste Connections Inc COM 941053100 22,348 492,132 SH   SOLE None 492,132 0 0
Wells Fargo & Co New COM 949746101 108,648 2,629,437 SH   SOLE None 2,629,437 0 0
Wintrust Finl Corp COM 97650W108 13,729 334,286 SH   SOLE None 334,286 0 0
Woodward Inc COM 980745103 30,911 757,066 SH   SOLE None 757,066 0 0