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

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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
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 11,477 3,060,500 SH   SOLE   3,060,500 0 0
AUTONATION INC COM 05329W102 88,632 1,898,717 SH   SOLE   1,898,717 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 9,843,854 69,381,548 SH   SOLE   69,381,548 0 0
CANADIAN NATL RY CO COM 136375102 1,069,745 17,126,874 SH   SOLE   17,126,874 0 0
CATERPILLAR INC DEL COM 149123101 861,906 11,260,857 SH   SOLE   11,260,857 0 0
COCA COLA FEMSA SAB DE CV SPON ADR REP L 191241108 516,132 6,214,719 SH   SOLE   6,214,719 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 461,296 5,332,900 SH   SOLE   5,332,900 0 0
ECOLAB INC COM 278865100 486,944 4,366,426 SH   SOLE   4,366,426 0 0
FEDEX CORP COM 31428X106 492,228 3,024,999 SH   SOLE   3,024,999 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 463,500 16,879,104 SH   SOLE   16,879,104 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 81,601 2,119,515 SH   SOLE   2,119,515 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 136,694 3,639,349 SH   SOLE   3,639,349 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 3,715 105,975 SH   SOLE   105,975 0 0
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 6,893 181,967 SH   SOLE   181,967 0 0
UNITED PARCEL SERVICE INC CL B 911312106 477,286 4,525,329 SH   SOLE   4,525,329 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 292,768 3,475,398 SH   SOLE   3,475,398 0 0
WAL-MART STORES INC COM 931142103 794,689 11,603,000 SH   SOLE   11,603,000 0 0
WASTE MGMT INC DEL COM 94106L109 1,099,387 18,633,672 SH   SOLE   18,633,672 0 0