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 50,519 307,442 SH   SOLE None 307,442 0 0
Accenture PLC Ireland SHS CLASS A G1151C101 283,448 3,173,750 SH   SOLE None 3,173,750 0 0
Airgas Inc COM 009363102 58,565 508,464 SH   SOLE None 508,464 0 0
Alleghany Corp Del COM 017175100 110,196 237,748 SH   SOLE None 237,748 0 0
Allied Wrld Assur Com Hldg A SHS H01531104 71,146 1,876,200 SH   SOLE None 1,876,200 0 0
Amdocs Ltd SHS G02602103 71,637 1,535,460 SH   SOLE None 1,535,460 0 0
American Express Co COM 025816109 78,761 846,532 SH   SOLE None 846,532 0 0
American Tower Corp New COM 03027X100 118,761 1,201,429 SH   SOLE None 1,201,429 0 0
Analog Devices Inc COM 032654105 51,824 933,428 SH   SOLE None 933,428 0 0
Aramark COM 03852U106 62,300 2,000,000 SH   SOLE None 2,000,000 0 0
Arrow Electrs Inc COM 042735100 80,899 1,397,454 SH   SOLE None 1,397,454 0 0
Avis Budget Group COM 053774105 51,669 778,974 SH   SOLE None 778,974 0 0
Bancolombia S A SPON ADR PREF 05968L102 20,588 430,000 SH   SOLE None 430,000 0 0
Bank New York Mellon Corp COM 064058100 56,960 1,404,000 SH   SOLE None 1,404,000 0 0
Becton Dickinson & Co COM 075887109 128,962 926,719 SH   SOLE None 926,719 0 0
Berkshire Hathaway Inc Del CL B NEW 084670702 86,001 572,766 SH   SOLE None 572,766 0 0
Blackstone Group L P COM UNIT LTD 09253U108 101,490 3,000,000 SH   SOLE None 3,000,000 0 0
Brookdale SR Living Inc COM 112463104 117,857 3,214,000 SH   SOLE None 3,214,000 0 0
Brookfield Renewable Enrgy P PARTNERSHIP UNIT G16258108 18,492 600,000 SH   SOLE None 600,000 0 0
Brown & Brown Inc COM 115236101 126,892 3,855,726 SH   SOLE None 3,855,726 0 0
Bard C R Inc COM 067383109 166,342 998,329 SH   SOLE None 998,329 0 0
Canadian Pac Ry Ltd COM 13645T100 60,119 312,000 SH   SOLE None 312,000 0 0
Cemex SAB DE CV SPON ADR NEW 151290889 23,437 2,300,000 SH   SOLE None 2,300,000 0 0
Schwab Charles Corp New COM 808513105 36,077 1,195,000 SH   SOLE None 1,195,000 0 0
Cheesecake Factory Inc COM 163072101 42,629 847,317 SH   SOLE None 847,317 0 0
Cisco Sys Inc COM 17275R102 93,681 3,368,000 SH   SOLE None 3,368,000 0 0
Citigroup Inc COM NEW 172967424 205,172 3,791,750 SH   SOLE None 3,791,750 0 0
Comcast Corp New CL A SPL 20030N200 263,193 4,572,096 SH   SOLE None 4,572,096 0 0
Corelogic Inc COM 21871D103 57,505 1,820,355 SH   SOLE None 1,820,355 0 0
Covanta Hldg Corp COM 22282E102 150,970 6,859,167 SH   SOLE None 6,859,167 0 0
Credicorp Ltd COM G2519Y108 32,036 200,000 SH   SOLE None 200,000 0 0
Crown Castle Intl Corp New COM 22822V101 8,929 113,455 SH   SOLE None 113,455 0 0
Danaher Corp Del COM 235851102 207,895 2,425,558 SH   SOLE None 2,425,558 0 0
Delta Air Lines Inc Del COM NEW 247361702 123,012 2,500,750 SH   SOLE None 2,500,750 0 0
Eagle Materials Inc COM 26969P108 48,735 641,000 SH   SOLE None 641,000 0 0
Equifax Inc COM 294429105 204,280 2,526,031 SH   SOLE None 2,526,031 0 0
Fidelity National Financial FNF GROUP COM 31620R303 60,046 1,743,000 SH   SOLE None 1,743,000 0 0
Fidelity Natl Information SV COM 31620M106 262,074 4,213,410 SH   SOLE None 4,213,410 0 0
Fiserv Inc COM 337738108 294,363 4,147,704 SH   SOLE None 4,147,704 0 0
Flowers Foods Inc COM 343498101 144,559 7,533,022 SH   SOLE None 7,533,022 0 0
Flowserve Corp COM 34354P105 91,450 1,528,490 SH   SOLE None 1,528,490 0 0
Genesee & Wyo Inc CL A 371559105 97,996 1,089,810 SH   SOLE None 1,089,810 0 0
Grana Y Montero S A A SPONSORED ADR 38500P208 3,792 300,000 SH   SOLE None 300,000 0 0
Grupo Aeroportuario Ctr Nort SPON ADR 400501102 4,505 123,974 SH   SOLE None 123,974 0 0
Grupo Aval Acciones Y Valore SPONSORED ADS 40053W101 21,300 2,050,000 SH   SOLE None 2,050,000 0 0
Grupo Financiero Santander M SPON ADR SHS B 40053C105 63,658 6,144,628 SH   SOLE None 6,144,628 0 0
Grupo Televisa SA SPON ADR REP ORD 40049J206 1,192 35,000 SH   SOLE None 35,000 0 0
Hasbro Inc COM 418056107 68,180 1,239,864 SH   SOLE None 1,239,864 0 0
HCC Ins Hldgs Inc COM 404132102 115,353 2,155,332 SH   SOLE None 2,155,332 0 0
Helmerich & Payne Inc COM 423452101 64,023 949,615 SH   SOLE None 949,615 0 0
Schein Henry Inc COM 806407102 174,916 1,284,733 SH   SOLE None 1,284,733 0 0
Hilton Worldwide Hldgs Inc COM 43300A104 49,780 1,908,000 SH   SOLE None 1,908,000 0 0
Home Depot Inc COM 437076102 180,427 1,718,846 SH   SOLE None 1,718,846 0 0
Intercontinental Exchange In COM 45866F104 34,209 156,000 SH   SOLE None 156,000 0 0
Itau Unibanco Hldg SA SPON ADR REP PFD 465562106 103,768 7,976,000 SH   SOLE None 7,976,000 0 0
Jacobs Engr Group Inc Del COM 469814107 29,904 669,150 SH   SOLE None 669,150 0 0
Jarden Corp COM 471109108 139,139 2,905,999 SH   SOLE None 2,905,999 0 0
Kansas City Southern COM NEW 485170302 28,555 234,000 SH   SOLE None 234,000 0 0
KKR & Co L P Del COM UNITS 48248M102 255,310 11,000,000 SH   SOLE None 11,000,000 0 0
Kraft Foods Group Inc COM 50076Q106 100,108 1,597,632 SH   SOLE None 1,597,632 0 0
Legg Mason Inc COM 524901105 17,692 331,500 SH   SOLE None 331,500 0 0
Leucadia Natl Corp COM 527288104 31,598 1,409,362 SH   SOLE None 1,409,362 0 0
Liberty Broadband Corp RIGHT 01/09/2015 530307115 402 42,299 SH   SOLE None 42,299 0 0
Liberty Broadband Corp COM SER A 530307107 10,594 211,499 SH   SOLE None 211,499 0 0
Liberty Global PLC SHS CL C G5480U120 59,168 1,224,760 SH   SOLE None 1,224,760 0 0
Liberty Media Corp Delaware CL A 531229102 34,388 975,000 SH   SOLE None 975,000 0 0
Macquarie Infrastr Co Llc MEMBERSHIP INT 55608B105 24,393 343,122 SH   SOLE None 343,122 0 0
Martin Marietta Matls Inc COM 573284106 169,887 1,539,950 SH   SOLE None 1,539,950 0 0
Mastercard Inc CL A 57636Q104 65,963 765,590 SH   SOLE None 765,590 0 0
McGraw Hill Finl Inc COM 580645109 20,821 234,000 SH   SOLE None 234,000 0 0
Medtronic Inc COM 585055106 89,050 1,233,375 SH   SOLE None 1,233,375 0 0
Mettler Toledo International COM 592688105 50,775 167,875 SH   SOLE None 167,875 0 0
Moodys Corp COM 615369105 28,398 296,400 SH   SOLE None 296,400 0 0
National Instrs Corp COM 636518102 60,832 1,956,650 SH   SOLE None 1,956,650 0 0
Oaktree Cap Group LLC UNIT CL A 674001201 79,611 1,536,000 SH   SOLE None 1,536,000 0 0
Oracle Corp COM 68389X105 97,051 2,158,125 SH   SOLE None 2,158,125 0 0
Phillips 66 COM 718546104 22,370 312,000 SH   SOLE None 312,000 0 0
PNC Finl Svcs Group Inc COM 693475105 46,406 508,667 SH   SOLE None 508,667 0 0
PPG Inds Inc COM 693506107 53,812 232,800 SH   SOLE None 232,800 0 0
Precision Castparts Corp COM 740189105 75,063 311,620 SH   SOLE None 311,620 0 0
Procter & Gamble Co COM 742718109 64,975 713,310 SH   SOLE None 713,310 0 0
Progressive Waste Solutions COM 74339G101 17,358 578,859 SH   SOLE None 578,859 0 0
Ralph Lauren Corp CL A 751212101 41,161 222,300 SH   SOLE None 222,300 0 0
Realogy Hldgs Corp COM 75605Y106 2,979 66,958 SH   SOLE None 66,958 0 0
Roper Inds Inc New COM 776696106 57,082 365,093 SH   SOLE None 365,093 0 0
Sandisk Corp COM 80004C101 136,418 1,392,300 SH   SOLE None 1,392,300 0 0
Schlumberger Ltd COM 806857108 76,755 898,660 SH   SOLE None 898,660 0 0
Service Corp Intl COM 817565104 7,082 312,000 SH   SOLE None 312,000 0 0
Sherwin Williams Co COM 824348106 149,345 567,767 SH   SOLE None 567,767 0 0
Snap On Inc COM 833034101 79,440 580,958 SH   SOLE None 580,958 0 0
Spirit Aerosystems Hldgs Inc COM CL A 848574109 97,356 2,262,000 SH   SOLE None 2,262,000 0 0
State Str Corp COM 857477103 118,653 1,511,500 SH   SOLE None 1,511,500 0 0
Suncor Energy Inc New COM 867224107 136,157 4,284,370 SH   SOLE None 4,284,370 0 0
Texas Instrs Inc COM 882508104 85,749 1,603,843 SH   SOLE None 1,603,843 0 0
Time Warner Cable Inc COM 88732J207 23,721 156,000 SH   SOLE None 156,000 0 0
Twenty First Centy Fox Inc CL A 90130A101 64,594 1,681,909 SH   SOLE None 1,681,909 0 0
US Bancorp Del COM NEW 902973304 100,735 2,241,050 SH   SOLE None 2,241,050 0 0
Union Pac Corp COM 907818108 94,083 789,750 SH   SOLE None 789,750 0 0
United Parcel Service Inc CL B 911312106 154,246 1,387,475 SH   SOLE None 1,387,475 0 0
Validus Holdings Ltd COM SHS G9319H102 87,696 2,110,112 SH   SOLE None 2,110,112 0 0
Visa Inc COM CL A 92826C839 173,032 659,925 SH   SOLE None 659,925 0 0
Vulcan Matls Co COM 929160109 89,751 1,365,446 SH   SOLE None 1,365,446 0 0
Grainger W W Inc COM 384802104 78,810 309,192 SH   SOLE None 309,192 0 0
Wabco Hldgs Inc COM 92927K102 158,463 1,512,341 SH   SOLE None 1,512,341 0 0
Walgreens Boots Alliance Inc COM 931427108 100,513 1,319,071 SH   SOLE None 1,319,071 0 0
Wal-Mart Stores Inc COM 931142103 120,240 1,400,090 SH   SOLE None 1,400,090 0 0
Waste Connections Inc COM 941053100 44,195 1,004,656 SH   SOLE None 1,004,656 0 0
Wells Fargo & Co New COM 949746101 87,654 1,598,937 SH   SOLE None 1,598,937 0 0