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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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 46,830 303,500 SH   SOLE None 303,500 0 0
Accenture PLC Ireland SHS CLASS A G1151C101 381,907 3,946,140 SH   SOLE None 3,946,140 0 0
Agrium Inc COM 008916108 61,770 583,013 SH   SOLE None 583,013 0 0
Alleghany Corp Del COM 017175100 110,016 234,696 SH   SOLE None 234,696 0 0
Allied Wrld Assur Com Hldg A SHS H01531104 51,092 1,182,145 SH   SOLE None 1,182,145 0 0
American Tower Corp New COM 03027X100 278,567 2,986,030 SH   SOLE None 2,986,030 0 0
Arrow Electrs Inc COM 042735100 87,833 1,574,077 SH   SOLE None 1,574,077 0 0
Avis Budget Group COM 053774105 101,384 2,300,000 SH   SOLE None 2,300,000 0 0
Axalta Coating Sys Ltd COM G0750C108 39,696 1,200,000 SH   SOLE None 1,200,000 0 0
Banco Santander Chile New SP ADR REP COM 05965X109 6,278 310,000 SH   SOLE None 310,000 0 0
Bancolombia S A SPON ADR PREF 05968L102 5,762 134,000 SH   SOLE None 134,000 0 0
Bank New York Mellon Corp COM 064058100 58,170 1,386,000 SH   SOLE None 1,386,000 0 0
Becton Dickinson & Co COM 075887109 135,143 954,063 SH   SOLE None 954,063 0 0
Berkshire Hathaway Inc Del CL B NEW 084670702 221,508 1,627,420 SH   SOLE None 1,627,420 0 0
Blackstone Group L P COM UNIT LTD 09253U108 141,002 3,450,000 SH   SOLE None 3,450,000 0 0
Brookdale SR Living Inc COM 112463104 124,920 3,600,000 SH   SOLE None 3,600,000 0 0
Brown & Brown Inc COM 115236101 125,075 3,806,295 SH   SOLE None 3,806,295 0 0
Bard C R Inc COM 067383109 362,738 2,125,000 SH   SOLE None 2,125,000 0 0
Canadian Pac Ry Ltd COM 13645T100 6,569 41,000 SH   SOLE None 41,000 0 0
Cemex SAB DE CV SPON ADR NEW 151290889 32,866 3,588,000 SH   SOLE None 3,588,000 0 0
Cheesecake Factory Inc COM 163072101 51,662 947,325 SH   SOLE None 947,325 0 0
Cisco Sys Inc COM 17275R102 161,872 5,894,820 SH   SOLE None 5,894,820 0 0
Citigroup Inc COM NEW 172967424 163,129 2,953,090 SH   SOLE None 2,953,090 0 0
Coca Cola Co COM 191216100 93,238 2,376,690 SH   SOLE None 2,376,690 0 0
Comcast Corp New CL A SPL 20030N200 310,098 5,173,475 SH   SOLE None 5,173,475 0 0
Covanta Hldg Corp COM 22282E102 151,509 7,150,000 SH   SOLE None 7,150,000 0 0
Credicorp Ltd COM G2519Y108 25,006 180,000 SH   SOLE None 180,000 0 0
Danaher Corp Del COM 235851102 316,209 3,694,460 SH   SOLE None 3,694,460 0 0
Delta Air Lines Inc Del COM NEW 247361702 82,928 2,018,690 SH   SOLE None 2,018,690 0 0
Eagle Materials Inc COM 26969P108 65,410 856,939 SH   SOLE None 856,939 0 0
Equifax Inc COM 294429105 242,108 2,493,646 SH   SOLE None 2,493,646 0 0
Fidelity Natl Information SV COM 31620M106 218,588 3,537,020 SH   SOLE None 3,537,020 0 0
Fiserv Inc COM 337738108 328,421 3,965,000 SH   SOLE None 3,965,000 0 0
Flowers Foods Inc COM 343498101 157,281 7,436,449 SH   SOLE None 7,436,449 0 0
Genesee & Wyo Inc CL A 371559105 106,365 1,396,235 SH   SOLE None 1,396,235 0 0
Goldman Sachs Group Inc COM 38141G104 125,274 600,000 SH   SOLE None 600,000 0 0
Grana Y Montero S A A SPONSORED ADR 38500P208 1,404 200,000 SH   SOLE None 200,000 0 0
Grupo Aval Acciones Y Valore SPONSORED ADS 40053W101 16,888 1,725,000 SH   SOLE None 1,725,000 0 0
Grupo Financiero Santander M SPON ADR SHS B 40053C105 56,223 6,144,628 SH   SOLE None 6,144,628 0 0
Grupo Televisa SA SPON ADR REP ORD 40049J206 1,359 35,000 SH   SOLE None 35,000 0 0
Hasbro Inc COM 418056107 11,060 147,880 SH   SOLE None 147,880 0 0
Schein Henry Inc COM 806407102 102,079 718,260 SH   SOLE None 718,260 0 0
Hilton Worldwide Hldgs Inc COM 43300A104 67,044 2,433,540 SH   SOLE None 2,433,540 0 0
Home Depot Inc COM 437076102 269,124 2,421,705 SH   SOLE None 2,421,705 0 0
Itau Unibanco Hldg SA SPON ADR REP PFD 465562106 36,814 3,362,000 SH   SOLE None 3,362,000 0 0
Jarden Corp COM 471109108 109,580 2,117,487 SH   SOLE None 2,117,487 0 0
JPMorgan Chase & Co COM 46625H100 67,760 1,000,000 SH   SOLE None 1,000,000 0 0
Kansas City Southern COM NEW 485170302 11,947 131,000 SH   SOLE None 131,000 0 0
KKR & Co L P Del COM UNITS 48248M102 251,350 11,000,000 SH   SOLE None 11,000,000 0 0
Liberty Global PLC SHS CL C G5480U120 57,063 1,127,060 SH   SOLE None 1,127,060 0 0
Macquarie Infrastructure Cor COM 55608B105 73,435 888,725 SH   SOLE None 888,725 0 0
Martin Marietta Matls Inc COM 573284106 350,974 2,480,206 SH   SOLE None 2,480,206 0 0
Mastercard Inc CL A 57636Q104 28,044 300,000 SH   SOLE None 300,000 0 0
McGraw Hill Finl Inc COM 580645109 54,846 546,000 SH   SOLE None 546,000 0 0
Medtronic PLC SHS G5960L103 181,545 2,450,000 SH   SOLE None 2,450,000 0 0
Mettler Toledo International COM 592688105 56,588 165,723 SH   SOLE None 165,723 0 0
Microsoft Corp COM 594918104 188,079 4,260,000 SH   SOLE None 4,260,000 0 0
National Instrs Corp COM 636518102 55,861 1,896,156 SH   SOLE None 1,896,156 0 0
Oaktree Cap Group LLC UNIT CL A 674001201 79,770 1,500,000 SH   SOLE None 1,500,000 0 0
Oracle Corp COM 68389X105 95,932 2,380,456 SH   SOLE None 2,380,456 0 0
PPG Inds Inc COM 693506107 154,600 1,347,630 SH   SOLE None 1,347,630 0 0
Procter & Gamble Co COM 742718109 83,229 1,063,760 SH   SOLE None 1,063,760 0 0
Sabre Corp COM 78573M104 153,957 6,468,800 SH   SOLE None 6,468,800 0 0
Sandisk Corp COM 80004C101 66,953 1,150,000 SH   SOLE None 1,150,000 0 0
Schlumberger Ltd COM 806857108 63,534 737,135 SH   SOLE None 737,135 0 0
Sherwin Williams Co COM 824348106 107,393 390,490 SH   SOLE None 390,490 0 0
Snap On Inc COM 833034101 91,250 573,000 SH   SOLE None 573,000 0 0
Southwest Airls Co COM 844741108 16,545 500,000 SH   SOLE None 500,000 0 0
Spirit Aerosystems Hldgs Inc COM CL A 848574109 141,908 2,575,000 SH   SOLE None 2,575,000 0 0
State Str Corp COM 857477103 70,465 915,130 SH   SOLE None 915,130 0 0
Suncor Energy Inc New COM 867224107 109,966 3,995,860 SH   SOLE None 3,995,860 0 0
Telephone & Data Sys Inc COM NEW 879433829 38,220 1,300,000 SH   SOLE None 1,300,000 0 0
Texas Instrs Inc COM 882508104 81,555 1,583,280 SH   SOLE None 1,583,280 0 0
Time Warner Cable Inc COM 88732J207 66,814 375,000 SH   SOLE None 375,000 0 0
Tyson Foods Inc CL A 902494103 103,165 2,420,000 SH   SOLE None 2,420,000 0 0
US Bancorp Del COM NEW 902973304 56,519 1,302,285 SH   SOLE None 1,302,285 0 0
Union Pac Corp COM 907818108 102,964 1,079,626 SH   SOLE None 1,079,626 0 0
United Parcel Service Inc CL B 911312106 85,251 879,690 SH   SOLE None 879,690 0 0
Universal Hlth Svcs Inc CL B 913903100 76,166 536,000 SH   SOLE None 536,000 0 0
Validus Holdings Ltd COM SHS G9319H102 64,580 1,468,066 SH   SOLE None 1,468,066 0 0
Visa Inc COM CL A 92826C839 167,875 2,500,000 SH   SOLE None 2,500,000 0 0
Vulcan Matls Co COM 929160109 105,999 1,262,945 SH   SOLE None 1,262,945 0 0
Wabco Hldgs Inc COM 92927K102 155,013 1,252,933 SH   SOLE None 1,252,933 0 0
Walgreens Boots Alliance Inc COM 931427108 71,774 850,000 SH   SOLE None 850,000 0 0
Waste Connections Inc COM 941053100 114,868 2,437,778 SH   SOLE None 2,437,778 0 0
Wells Fargo & Co New COM 949746101 156,428 2,781,440 SH   SOLE None 2,781,440 0 0
Wabtec Corp COM 929740108 42,408 450,000 SH   SOLE None 450,000 0 0