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 51,745 262,909 SH   SOLE   199,738 0 63,171
Accenture Plc COMMON G1151C101 71,805 438,908 SH   SOLE   333,448 0 105,460
Chubb Ltd COMMON H1467J104 66,448 520,170 SH   SOLE   395,121 0 125,049
Aflac Inc COMMON 001055102 87,928 2,043,881 SH   SOLE   1,552,854 0 491,027
Alleghany Corp COMMON 017175100 42,226 73,436 SH   SOLE   55,838 0 17,598
Alphabet Inc - Class C COMMON 02079K107 109,987 98,586 SH   SOLE   74,896 0 23,690
Alphabet Inc - Class A COMMON 02079K305 155,828 138,000 SH   SOLE   104,826 0 33,174
Amazon.com Inc COMMON 023135106 87,573 51,528 SH   SOLE   39,145 0 12,383
American Express Co COMMON 025816109 95,565 975,153 SH   SOLE   740,921 0 234,232
Analog Devices Inc COMMON 032654105 71,706 747,565 SH   SOLE   567,954 0 179,611
Archer-Daniels-Midland Co COMMON 039483102 125,046 2,728,468 SH   SOLE   2,072,812 0 655,656
AT & T Inc COMMON 00206R102 19,748 615,014 SH   SOLE   468,100 0 146,914
Autozone Inc COMMON 053332102 18,965 28,267 SH   SOLE   21,568 0 6,699
Axalta Coating Systems Ltd COMMON G0750C108 40,100 1,322,983 SH   SOLE   1,004,922 0 318,061
Axis Capital Holdings Ltd COMMON G0692U109 17,245 308,013 SH   SOLE   234,764 0 73,249
Baidu Inc - Spon ADR COMMON 056752108 187,683 772,359 SH   SOLE   0 0 772,359
Bancolombia Sa -Pref COMMON 05968L102 35,682 741,244 SH   SOLE   0 0 741,244
Barrick Gold Corp COMMON 067901108 81,979 6,243,331 SH   SOLE   1,445,955 0 4,797,376
Baxter International Inc COMMON 071813109 42,865 579,125 SH   SOLE   439,997 0 139,128
Bce Inc COMMON 05534B760 23,389 569,904 SH   SOLE   405,993 0 163,911
Berkshire Hathaway Inc COMMON 084670702 94,396 505,822 SH   SOLE   384,304 0 121,518
Bristol-myers Squibb Co COMMON 110122108 35,901 648,720 SH   SOLE   492,739 0 155,981
Brookfield Asset Management Inc COMMON 112585104 133,878 3,300,755 SH   SOLE   2,411,140 0 889,615
Bunge Ltd COMMON G16962105 85,356 1,224,440 SH   SOLE   930,467 0 293,973
C H Robinson Worldwide Inc COMMON 12541W209 38,395 458,948 SH   SOLE   348,662 0 110,286
Canadian Natural Resources COMMON 136385101 143,459 3,949,810 SH   SOLE   2,975,467 0 974,343
Canadian Pacific Railway Ltd COMMON 13645T100 38,233 208,213 SH   SOLE   148,328 0 59,885
Carmax Inc COMMON 143130102 71,232 977,525 SH   SOLE   742,606 0 234,919
Compania Cervecerias Unidas Spon ADR COMMON 204429104 687 27,558 SH   SOLE   0 0 27,558
Compania De Minas Buenaventura Spon ADR COMMON 204448104 13,776 1,010,755 SH   SOLE   0 0 1,010,755
Clean Harbors Inc COMMON 184496107 34,164 615,022 SH   SOLE   467,104 0 147,918
Coca Cola Co COMMON 191216100 138,743 3,137,222 SH   SOLE   2,383,322 0 753,900
Colgate Palmolive Co COMMON 194162103 100,061 1,543,915 SH   SOLE   1,172,478 0 371,437
Costco Wholesale Corp COMMON 22160K105 56,397 269,870 SH   SOLE   205,027 0 64,843
Dolby Laboratories Inc-CL A COMMON 25659T107 34,997 567,315 SH   SOLE   430,978 0 136,337
Ebay Inc COMMON 278642103 42,021 1,158,875 SH   SOLE   880,384 0 278,491
EOG Resources Inc COMMON 26875P101 13,486 108,382 SH   SOLE   82,320 0 26,062
Lauder Estee Companies Inc COMMON 518439104 60,818 426,233 SH   SOLE   323,802 0 102,431
Expeditors Intl Wash Inc COMMON 302130109 31,437 430,047 SH   SOLE   326,758 0 103,289
Facebook Inc A COMMON 30303M102 71,700 368,983 SH   SOLE   280,311 0 88,672
Fastenal Co COMMON 311900104 35,578 739,204 SH   SOLE   561,612 0 177,592
First Republic Bank/CA COMMON 33616C100 43,839 452,924 SH   SOLE   344,117 0 108,807
Franco-Nevada Corp COMMON 351858105 20,483 280,783 SH   SOLE   200,026 0 80,757
Genpact Ltd COMMON G3922B107 37,172 1,284,888 SH   SOLE   1,101,832 0 183,056
Gildan Activewear Inc COMMON 375916103 37,870 1,345,288 SH   SOLE   1,001,566 0 343,722
Globus Medical Inc A COMMON 379577208 33,511 664,117 SH   SOLE   504,516 0 159,601
Grupo Televisa Sa-Spons Adr COMMON 40049J206 29,175 1,539,579 SH   SOLE   0 0 1,539,579
Harley Davidson Inc COMMON 412822108 48,812 1,159,981 SH   SOLE   881,226 0 278,755
Hartford Financial SVCS GRP COMMON 416515104 50,495 983,077 SH   SOLE   746,836 0 236,241
Intel Corp COMMON 458140100 140,787 2,832,106 SH   SOLE   2,151,420 0 680,686
IPG Photonics Corp COMMON 44980X109 50,044 226,823 SH   SOLE   172,300 0 54,523
Johnson and Johnson COMMON 478160104 242,023 1,994,562 SH   SOLE   1,515,086 0 479,476
Kimberly-Clark Corp COMMON 494368103 32,151 302,527 SH   SOLE   229,825 0 72,702
Kt Corp Spon ADR COMMON 48268K101 50,021 3,766,667 SH   SOLE   0 0 3,766,667
Lincoln Electric Holdings COMMON 533900106 19,998 226,860 SH   SOLE   172,378 0 54,482
Loews Corp COMMON 540424108 104,794 2,170,602 SH   SOLE   1,649,042 0 521,560
M & T Bank Corp COMMON 55261F104 17,466 102,649 SH   SOLE   78,009 0 24,640
Magna International Inc COMMON 559222401 24,071 414,108 SH   SOLE   295,006 0 119,102
Markel Corp COMMON 570535104 43,954 40,534 SH   SOLE   30,795 0 9,739
Maxim Integrated Products COMMON 57772K101 61,608 1,050,277 SH   SOLE   797,886 0 252,391
McDonalds Corp COMMON 580135101 104,741 668,443 SH   SOLE   507,852 0 160,591
Merck & Co Inc COMMON 58933Y105 164,880 2,696,357 SH   SOLE   2,048,397 0 647,960
National Oilwell Varco COMMON 637071101 64,219 1,479,732 SH   SOLE   1,124,028 0 355,704
Now Inc COMMON 67011P100 9,083 681,358 SH   SOLE   517,274 0 164,084
Omnicom Group COMMON 681919106 84,134 1,095,054 SH   SOLE   831,854 0 263,200
Oracle Corp COMMON 68389X105 204,662 4,645,074 SH   SOLE   3,528,711 0 1,116,363
Paccar Inc COMMON 693718108 22,949 370,383 SH   SOLE   281,447 0 88,936
Paychex Inc COMMON 704326107 40,991 599,723 SH   SOLE   455,626 0 144,097
PayPal Holdings Inc. COMMON 70450Y103 47,374 568,909 SH   SOLE   432,294 0 136,615
Pepsico Inc COMMON 713448108 35,402 325,170 SH   SOLE   247,054 0 78,116
PPG Industries Inc COMMON 693506107 63,670 613,801 SH   SOLE   466,306 0 147,495
Praxair Inc COMMON 74005P104 180,509 1,141,351 SH   SOLE   867,098 0 274,253
Booking Holdings Inc COMMON 09857L108 123,514 60,931 SH   SOLE   46,301 0 14,630
Procter & Gamble COMMON 742718109 135,673 1,738,064 SH   SOLE   1,320,425 0 417,639
Rayonier Inc COMMON 754907103 63,645 1,645,138 SH   SOLE   1,199,992 0 445,146
Renaissancere Holdings COMMON G7496G103 16,977 141,101 SH   SOLE   107,181 0 33,920
Ritchie Bros Auctioneers COMMON 767744105 65,703 1,927,770 SH   SOLE   1,409,503 0 518,267
Rogers Communications Inc COMMON 775109200 58,450 1,222,172 SH   SOLE   904,391 0 317,781
Royal Bank of Canada COMMON 780087102 26,580 353,091 SH   SOLE   251,537 0 101,554
Price T Rowe Group Inc COMMON 74144T108 31,884 274,645 SH   SOLE   208,495 0 66,150
Taiwan Semiconductor Manufacturing Co Ltd COMMON 874039100 1,731 45,817 SH   SOLE   0 0 45,817
Texas Instruments Inc COMMON 882508104 117,717 1,067,737 SH   SOLE   811,044 0 256,693
The Hershey Company COMMON 427866108 164,353 1,766,100 SH   SOLE   1,341,752 0 424,348
TJX Companies Inc COMMON 872540109 48,215 506,565 SH   SOLE   384,861 0 121,704
Toronto-Dominion Bank COMMON 891160509 29,508 510,094 SH   SOLE   363,385 0 146,709
Travelers Cos Inc COMMON 89417E109 158,089 1,292,196 SH   SOLE   981,596 0 310,600
TRIPADVISOR INC COMMON 896945201 19,980 358,634 SH   SOLE   272,526 0 86,108
Ulta Beauty Inc COMMON 90384S303 28,808 123,395 SH   SOLE   93,740 0 29,655
Union Pacific Corp COMMON 907818108 66,776 471,312 SH   SOLE   358,041 0 113,271
United Parcel Services Cl B COMMON 911312106 76,884 723,745 SH   SOLE   549,818 0 173,927
United Technologies Corp COMMON 913017109 61,181 489,329 SH   SOLE   371,730 0 117,599
US Bancorp COMMON 902973304 139,472 2,772,678 SH   SOLE   2,106,320 0 666,358
Waters Corp COMMON 941848103 116,641 602,508 SH   SOLE   457,752 0 144,756
Wells Fargo Co COMMON 949746101 113,996 2,056,068 SH   SOLE   1,562,037 0 494,031
Weyerhaeuser Co COMMON 962166104 26,392 723,865 SH   SOLE   527,876 0 195,989
Williams-Sonoma Inc COMMON 969904101 22,558 367,512 SH   SOLE   279,389 0 88,123
Wolverine World Wide Inc COMMON 978097103 28,641 822,230 SH   SOLE   624,810 0 197,420
Xilinx Inc COMMON 983919101 65,957 1,010,686 SH   SOLE   767,566 0 243,120
Yum China Holdings Inc COMMON 98850P109 64,280 1,671,346 SH   SOLE   1,421,224 0 250,122