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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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 60,797 424,442 SH   SOLE NONE 424,442 0 0
Accenture PLC Ireland SHS CLASS A G1151C101 124,958 1,545,750 SH   SOLE NONE 1,545,750 0 0
Airgas Inc COM 009363102 57,773 530,464 SH   SOLE NONE 530,464 0 0
Alleghany Corp Del COM 017175100 89,704 204,748 SH   SOLE NONE 204,748 0 0
Allied Wrld Assur Com Hldg A SHS H01531104 82,739 2,176,200 SH   SOLE NONE 2,176,200 0 0
Allison Transmission Hldgs I COM 01973R101 51,019 1,640,495 SH   SOLE NONE 1,640,495 0 0
Amdocs Ltd SHS G02602103 84,249 1,818,460 SH   SOLE NONE 1,818,460 0 0
American Express Co COM 025816109 159,337 1,679,532 SH   SOLE NONE 1,679,532 0 0
American Tower Corp New COM 03027X100 164,252 1,825,429 SH   SOLE NONE 1,825,429 0 0
Analog Devices Inc COM 032654105 58,581 1,083,428 SH   SOLE NONE 1,083,428 0 0
Arrow Electrs Inc COM 042735100 104,763 1,734,204 SH   SOLE NONE 1,734,204 0 0
Avis Budget Group COM 053774105 55,870 936,000 SH   SOLE NONE 936,000 0 0
Banco Macro SA SPON ADR B 05961W105 3,614 100,300 SH   SOLE NONE 100,300 0 0
Bancolombia S A SPON ADR PREF 05968L102 35,720 618,000 SH   SOLE NONE 618,000 0 0
Bank of America Corporation COM 060505104 58,750 3,822,365 SH   SOLE NONE 3,822,365 0 0
Bank New York Mellon Corp COM 064058100 35,081 936,000 SH   SOLE NONE 936,000 0 0
Becton Dickinson & Co COM 075887109 104,440 882,844 SH   SOLE NONE 882,844 0 0
Berkshire Hathaway Inc Del CL B NEW 084670702 91,473 722,766 SH   SOLE NONE 722,766 0 0
Blackstone Group L P COM UNIT LTD 09253U108 110,352 3,300,000 SH   SOLE NONE 3,300,000 0 0
Brookdale SR Living Inc COM 112463104 39,008 1,170,000 SH   SOLE NONE 1,170,000 0 0
Brookfield Renewable Enrgy P PARTNERSHIP UNIT G16258108 9,152 309,500 SH   SOLE NONE 309,500 0 0
Brown & Brown Inc COM 115236101 91,034 2,964,297 SH   SOLE NONE 2,964,297 0 0
Bard C R Inc COM 067383109 132,313 925,204 SH   SOLE NONE 925,204 0 0
Carefusion Corp COM 14170T101 172,708 3,894,200 SH   SOLE NONE 3,894,200 0 0
Cemex SAB DE CV SPON ADR NEW 151290889 29,768 2,250,000 SH   SOLE NONE 2,250,000 0 0
Schwab Charles Corp New COM 808513105 35,542 1,319,790 SH   SOLE NONE 1,319,790 0 0
Charter Communications Inc D CL A NEW 16117M305 100,025 631,550 SH   SOLE NONE 631,550 0 0
Cheesecake Factory Inc COM 163072101 21,122 455,017 SH   SOLE NONE 455,017 0 0
Citigroup Inc COM NEW 172967424 59,487 1,263,000 SH   SOLE NONE 1,263,000 0 0
Clean Harbors Inc COM 184496107 31,039 483,095 SH   SOLE NONE 483,095 0 0
Coca Cola Co COM 191216100 49,159 1,160,507 SH   SOLE NONE 1,160,507 0 0
Comcast Corp New CL A SPL 20030N200 302,066 5,664,096 SH   SOLE NONE 5,664,096 0 0
Compania Cervecerias Unidas SPONSORED ADR 204429104 1,171 50,000 SH   SOLE NONE 50,000 0 0
Corelogic Inc COM 21871D103 63,992 2,107,785 SH   SOLE NONE 2,107,785 0 0
Covanta Hldg Corp COM 22282E102 128,507 6,235,167 SH   SOLE NONE 6,235,167 0 0
Credicorp Ltd COM G2519Y108 31,094 200,000 SH   SOLE NONE 200,000 0 0
Cresud S A C I F Y A SPONSORED ADR 226406106 3,980 305,000 SH   SOLE NONE 305,000 0 0
Crown Castle Intl Corp COM 228227104 60,556 815,455 SH   SOLE NONE 815,455 0 0
Crown Holdings Inc COM 228368106 23,623 474,736 SH   SOLE NONE 474,736 0 0
Danaher Corp Del COM 235851102 115,501 1,467,058 SH   SOLE NONE 1,467,058 0 0
Delta Air Lines Inc Del COM NEW 247361702 134,697 3,478,750 SH   SOLE NONE 3,478,750 0 0
Entegris Inc COM 29362U104 43,583 3,170,802 SH   SOLE NONE 3,170,802 0 0
Equifax Inc COM 294429105 213,130 2,938,104 SH   SOLE NONE 2,938,104 0 0
Fidelity National Financial CL A 31620R105 80,033 2,443,000 SH   SOLE NONE 2,443,000 0 0
Fidelity Natl Information SV COM 31620M106 224,904 4,108,593 SH   SOLE NONE 4,108,593 0 0
Fiserv Inc COM 337738108 278,557 4,617,982 SH   SOLE NONE 4,617,982 0 0
Flowers Foods Inc COM 343498101 113,817 5,399,308 SH   SOLE NONE 5,399,308 0 0
Flowserve Corp COM 34354P105 89,019 1,197,300 SH   SOLE NONE 1,197,300 0 0
Franklin Res Inc COM 354613101 87,975 1,521,000 SH   SOLE NONE 1,521,000 0 0
Genesee & Wyo Inc CL A 371559105 80,853 770,030 SH   SOLE NONE 770,030 0 0
Grana Y Montero S A A SPONSORED ADR 38500P208 8,118 450,000 SH   SOLE NONE 450,000 0 0
Grupo Aeroportuario Ctr Nort SPON ADR 400501102 3,999 123,974 SH   SOLE NONE 123,974 0 0
Grupo Financiero Santander M SPON ADR SHS B 40053C105 80,937 6,094,628 SH   SOLE NONE 6,094,628 0 0
Grupo Televisa SA SPON ADR REP ORD 40049J206 1,201 35,000 SH   SOLE NONE 35,000 0 0
Hasbro Inc COM 418056107 65,775 1,239,864 SH   SOLE NONE 1,239,864 0 0
HCC Ins Hldgs Inc COM 404132102 105,482 2,155,332 SH   SOLE NONE 2,155,332 0 0
Helmerich & Payne Inc COM 423452101 117,633 1,013,115 SH   SOLE NONE 1,013,115 0 0
Schein Henry Inc COM 806407102 164,305 1,384,733 SH   SOLE NONE 1,384,733 0 0
Home Depot Inc COM 437076102 213,452 2,636,516 SH   SOLE NONE 2,636,516 0 0
IRSA Inversiones Y REP S A GLOBL DEP RCPT 450047204 2,786 170,000 SH   SOLE NONE 170,000 0 0
Itau Unibanco Hldg SA SPON ADR REP PFD 465562106 129,075 8,976,000 SH   SOLE NONE 8,976,000 0 0
Jacobs Engr Group Inc Del COM 469814107 52,968 994,150 SH   SOLE NONE 994,150 0 0
Jarden Corp COM 471109108 62,110 1,046,500 SH   SOLE NONE 1,046,500 0 0
KKR & Co L P Del COM UNITS 48248M102 242,929 9,984,750 SH   SOLE NONE 9,984,750 0 0
Kraft Foods Group Inc COM 50076Q106 95,778 1,597,632 SH   SOLE NONE 1,597,632 0 0
Legg Mason Inc COM 524901105 81,044 1,579,500 SH   SOLE NONE 1,579,500 0 0
Liberty Global PLC SHS CL A G5480U104 14,372 325,020 SH   SOLE NONE 325,020 0 0
Liberty Global PLC SHS CL C G5480U120 45,212 1,068,600 SH   SOLE NONE 1,068,600 0 0
Liberty Interactive Corp INT COM SER A 53071M104 75,539 2,572,856 SH   SOLE NONE 2,572,856 0 0
Macquarie Infrastr Co LLC MEMBERSHIP INT 55608B105 56,577 907,122 SH   SOLE NONE 907,122 0 0
Marriott Intl Inc New CL A 571903202 38,909 607,000 SH   SOLE NONE 607,000 0 0
Martin Marietta Matls Inc COM 573284106 22,759 172,350 SH   SOLE NONE 172,350 0 0
Mastercard Inc CL A 57636Q104 111,262 1,514,390 SH   SOLE NONE 1,514,390 0 0
Medtronic Inc COM 585055106 56,260 882,375 SH   SOLE NONE 882,375 0 0
Mettler Toledo International COM 592688105 37,028 146,250 SH   SOLE NONE 146,250 0 0
Nasdaq OMX Group Inc COM 631103108 39,528 1,023,505 SH   SOLE NONE 1,023,505 0 0
National Instrs Corp COM 636518102 45,087 1,392,000 SH   SOLE NONE 1,392,000 0 0
Oaktree Cap Group LLC UNIT CL A 674001201 58,988 1,180,000 SH   SOLE NONE 1,180,000 0 0
PerkinElmer Inc COM 714046109 56,978 1,216,446 SH   SOLE NONE 1,216,446 0 0
PNC Finl Svcs Group Inc COM 693475105 55,716 625,667 SH   SOLE NONE 625,667 0 0
Precision Castparts Corp COM 740189105 66,033 261,620 SH   SOLE NONE 261,620 0 0
Precision Drilling Corp COM 2010 74022D308 74,323 5,246,600 SH   SOLE NONE 5,246,600 0 0
Procter & Gamble Co COM 742718109 56,059 713,310 SH   SOLE NONE 713,310 0 0
Progressive Waste Solutions COM 74339G101 32,891 1,280,859 SH   SOLE NONE 1,280,859 0 0
Realogy Hldgs Corp COM 75605Y106 86,102 2,283,258 SH   SOLE NONE 2,283,258 0 0
Roper Inds Inc New COM 776696106 126,099 863,630 SH   SOLE NONE 863,630 0 0
Sandisk Corp COM 80004C101 116,074 1,111,500 SH   SOLE NONE 1,111,500 0 0
Schlumberger Ltd COM 806857108 207,002 1,755,000 SH   SOLE NONE 1,755,000 0 0
Sherwin Williams Co COM 824348106 180,170 870,767 SH   SOLE NONE 870,767 0 0
Snap On Inc COM 833034101 68,855 580,958 SH   SOLE NONE 580,958 0 0
State Str Corp COM 857477103 149,553 2,223,500 SH   SOLE NONE 2,223,500 0 0
Suncor Energy Inc New COM 867224107 149,743 3,512,620 SH   SOLE NONE 3,512,620 0 0
Texas Instrs Inc COM 882508104 237,126 4,961,843 SH   SOLE NONE 4,961,843 0 0
Twenty First Centy Fox Inc CL A 90130A101 158,675 4,514,219 SH   SOLE NONE 4,514,219 0 0
US Bancorp Del COM NEW 902973304 182,639 4,216,050 SH   SOLE NONE 4,216,050 0 0
UGI Corp New COM 902681105 21,614 428,000 SH   SOLE NONE 428,000 0 0
Union Pac Corp COM 907818108 63,217 633,750 SH   SOLE NONE 633,750 0 0
United Parcel Service Inc CL B 911312106 131,428 1,280,225 SH   SOLE NONE 1,280,225 0 0
Validus Holdings Ltd COM SHS G9319H102 32,886 859,997 SH   SOLE NONE 859,997 0 0
Visa Inc COM CL A 92826C839 112,756 535,125 SH   SOLE NONE 535,125 0 0
Grainger W W Inc COM 384802104 78,618 309,192 SH   SOLE NONE 309,192 0 0
Wabco Hldgs Inc COM 92927K102 112,151 1,049,911 SH   SOLE NONE 1,049,911 0 0
Walgreen Co COM 931422109 344,937 4,653,138 SH   SOLE NONE 4,653,138 0 0
Wal-Mart Stores Inc COM 931142103 108,440 1,444,520 SH   SOLE NONE 1,444,520 0 0
Waste Connections Inc COM 941053100 56,350 1,160,656 SH   SOLE NONE 1,160,656 0 0
Wells Fargo & Co New COM 949746101 146,403 2,785,437 SH   SOLE NONE 2,785,437 0 0