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 70,467 502,442 SH   SOLE None 502,442 0 0
Accenture PLC Ireland SHS CLASS A G1151C101 58,952 717,000 SH   SOLE None 717,000 0 0
Agrium Inc COM 008916108 28,542 312,000 SH   SOLE None 312,000 0 0
Airgas Inc COM 009363102 48,427 432,964 SH   SOLE None 432,964 0 0
Alleghany Corp Del COM 017175100 81,891 204,748 SH   SOLE None 204,748 0 0
Allied Wrld Assur Com Hldg A SHS H01531104 81,832 725,400 SH   SOLE None 725,400 0 0
Allison Transmission Hldgs I COM 01973R101 45,294 1,640,495 SH   SOLE None 1,640,495 0 0
Amdocs Ltd ORD G02602103 65,343 1,584,460 SH   SOLE None 1,584,460 0 0
American Express Co COM 025816109 152,384 1,679,532 SH   SOLE None 1,679,532 0 0
American Tower Corp New COM 03027X100 42,182 528,459 SH   SOLE None 528,459 0 0
Amerisourcebergen Corp COM 03073E105 62,425 887,849 SH   SOLE None 887,849 0 0
Amphenol Corp New CL A 032095101 21,952 246,157 SH   SOLE None 246,157 0 0
Analog Devices Inc COM 032654105 39,645 778,428 SH   SOLE None 778,428 0 0
Arrow Electrs Inc COM 042735100 103,786 1,913,104 SH   SOLE None 1,913,104 0 0
Avis Budget Group COM 053774105 63,055 1,560,000 SH   SOLE None 1,560,000 0 0
Banco Bradesco S A SP ADR PFD NEW 059460303 18,764 1,497,500 SH   SOLE None 1,497,500 0 0
Banco Macro SA SPON ADR B 05961W105 15,661 645,300 SH   SOLE None 645,300 0 0
Bancolombia S A SPON ADR PREF 05968L102 13,481 275,000 SH   SOLE None 275,000 0 0
Bank of America Corporation COM 060505104 85,269 5,476,507 SH   SOLE None 5,476,507 0 0
Becton Dickinson & Co COM 075887109 97,545 882,844 SH   SOLE None 882,844 0 0
Bed Bath & Beyond Inc COM 075896100 71,474 890,081 SH   SOLE None 890,081 0 0
Berkshire Hathaway Inc Del CL B NEW 084670702 81,067 683,766 SH   SOLE None 683,766 0 0
Blackrock Inc COM 09247X101 72,011 227,545 SH   SOLE None 227,545 0 0
Brookfield Asset Mgmt Inc CL A LTD VT SH 112585104 5,598 144,168 SH   SOLE None 144,168 0 0
Brookfield Renewable Enrgy P PARTNERSHIP UNIT G16258108 33,481 1,278,000 SH   SOLE None 1,278,000 0 0
Brown & Brown Inc COM 115236101 133,254 4,245,118 SH   SOLE None 4,245,118 0 0
Bard C R Inc COM 067383109 113,475 847,204 SH   SOLE None 847,204 0 0
Carefusion Corp COM 14170T101 142,643 3,582,200 SH   SOLE None 3,582,200 0 0
CBRE Group Inc CL A 12504L109 30,771 1,170,000 SH   SOLE None 1,170,000 0 0
CBS Corp New CL B 124857202 73,465 1,152,574 SH   SOLE None 1,152,574 0 0
Cementos Pacasmayo S A A SPON ADR REP 5 15126Q109 2,700 228,000 SH   SOLE None 228,000 0 0
Charter Communications Inc D CL A NEW 16117M305 51,969 380,000 SH   SOLE None 380,000 0 0
Clean Harbors Inc COM 184496107 40,554 676,345 SH   SOLE None 676,345 0 0
CME Group Inc COM 12572Q105 6,120 78,000 SH   SOLE None 78,000 0 0
Comcast Corp New CL A SPL 20030N200 232,459 4,660,368 SH   SOLE None 4,660,368 0 0
Corelogic Inc COM 21871D103 51,333 1,444,785 SH   SOLE None 1,444,785 0 0
Covanta Hldg Corp COM 22282E102 56,352 3,174,749 SH   SOLE None 3,174,749 0 0
Covidien Plc SHS G2554F113 103,259 1,516,286 SH   SOLE None 1,516,286 0 0
Credicorp Ltd COM G2519Y108 18,582 140,000 SH   SOLE None 140,000 0 0
Cresud S A C I F Y A SPONSORED ADR 226406106 8,636 855,000 SH   SOLE None 855,000 0 0
Crown Castle Intl Corp COM 228227104 127,678 1,738,765 SH   SOLE None 1,738,765 0 0
Crown Holdings Inc COM 228368106 130,846 2,935,736 SH   SOLE None 2,935,736 0 0
Danaher Corp Del COM 235851102 86,236 1,117,052 SH   SOLE None 1,117,052 0 0
Discovery Communicatns New COM SER C 25470F302 51,785 617,521 SH   SOLE None 617,521 0 0
Entegris Inc COM 29362U104 43,455 3,749,318 SH   SOLE None 3,749,318 0 0
Equifax Inc COM 294429105 187,835 2,718,700 SH   SOLE None 2,718,700 0 0
ERA Group Inc COM 26885G109 22,819 739,425 SH   SOLE None 739,425 0 0
Extended Stay Amer Inc UNIT 99/99/9999B 30224P200 5,252 200,000 SH   SOLE None 200,000 0 0
Fidelity National Financial CL A 31620R105 79,275 2,443,000 SH   SOLE None 2,443,000 0 0
Fidelity Natl Information SV COM 31620M106 190,784 3,554,093 SH   SOLE None 3,554,093 0 0
Fiserv Inc COM 337738108 272,692 4,617,982 SH   SOLE None 4,617,982 0 0
Flowers Foods Inc COM 343498101 88,679 4,130,355 SH   SOLE None 4,130,355 0 0
Flowserve Corp COM 34354P105 106,681 1,353,300 SH   SOLE None 1,353,300 0 0
Franks Intl N V COM N33462107 3,375 125,000 SH   SOLE None 125,000 0 0
Genesee & Wyo Inc CL A 371559105 51,685 538,100 SH   SOLE None 538,100 0 0
Graco Inc COM 384109104 33,173 424,643 SH   SOLE None 424,643 0 0
Grana Y Montero S A A SPONSORED ADR 38500P208 10,445 492,000 SH   SOLE None 492,000 0 0
Grupo Aeroportuario Ctr Nort SPON ADR 400501102 3,310 123,974 SH   SOLE None 123,974 0 0
Grupo Financiero Santander M SPON ADR SHS B 40053C105 25,956 1,902,962 SH   SOLE None 1,902,962 0 0
Grupo Televisa SA SPON ADR REP ORD 40049J206 74,137 2,450,000 SH   SOLE None 2,450,000 0 0
Hasbro Inc COM 418056107 68,205 1,239,864 SH   SOLE None 1,239,864 0 0
HCC Ins Hldgs Inc COM 404132102 85,951 1,862,832 SH   SOLE None 1,862,832 0 0
Helmerich & Payne Inc COM 423452101 85,183 1,013,115 SH   SOLE None 1,013,115 0 0
Schein Henry Inc COM 806407102 158,220 1,384,733 SH   SOLE None 1,384,733 0 0
Hertz Global Holdings Inc COM 42805T105 31,253 1,092,000 SH   SOLE None 1,092,000 0 0
Idex Corp COM 45167R104 37,916 513,420 SH   SOLE None 513,420 0 0
Intuit COM 461202103 87,175 1,142,230 SH   SOLE None 1,142,230 0 0
IRSA Inversiones Y REP S A GLOBAL DEP RCPT 450047204 5,450 450,000 SH   SOLE None 450,000 0 0
Itau Unibanco Hldg SA SPON ADR REP PFD 465562106 150,763 11,110,000 SH   SOLE None 11,110,000 0 0
Jacobs Engr Group Inc Del COM 469814107 68,606 1,089,150 SH   SOLE None 1,089,150 0 0
KKR & Co L P Del COM UNITS 48248M102 131,436 5,400,000 SH   SOLE None 5,400,000 0 0
Kraft Foods Group Inc COM 50076Q106 86,128 1,597,632 SH   SOLE None 1,597,632 0 0
Legg Mason Inc COM 524901105 37,306 858,000 SH   SOLE None 858,000 0 0
Leucadia Natl Corp COM 527288104 14,205 501,240 SH   SOLE None 501,240 0 0
Liberty Global PLC SHS CL A G5480U104 69,420 780,000 SH   SOLE None 780,000 0 0
Liberty Interactive Corp INT COM SER A 53071M104 75,513 2,572,856 SH   SOLE None 2,572,856 0 0
Liberty Interactive Corp LBT VENT COM A 53071M880 25,554 208,454 SH   SOLE None 208,454 0 0
Liberty Media Corp Delaware CL A 531229102 13,474 92,103 SH   SOLE None 92,103 0 0
Macquarie Infrastr Co Llc MEMBERSHIP INT 55608B105 40,884 751,122 SH   SOLE None 751,122 0 0
Markel Corp COM 570535104 48,871 84,210 SH   SOLE None 84,210 0 0
Marriott Intl Inc New CL A 571903202 53,052 1,075,000 SH   SOLE None 1,075,000 0 0
Martin Marietta Matls Inc COM 573284106 53,468 535,000 SH   SOLE None 535,000 0 0
Mastercard Inc CL A 57636Q104 108,601 129,989 SH   SOLE None 129,989 0 0
McGraw Hill Finl Inc COM 580645109 9,443 120,750 SH   SOLE None 120,750 0 0
NICE Sys Ltd SPONSORED ADR 653656108 4,189 102,261 SH   SOLE None 102,261 0 0
Oaktree Cap Group LLC UNIT CL A 674001201 69,431 1,180,000 SH   SOLE None 1,180,000 0 0
PerkinElmer Inc COM 714046109 74,274 1,801,446 SH   SOLE None 1,801,446 0 0
Phillips 66 COM 718546104 15,509 201,080 SH   SOLE None 201,080 0 0
Precision Castparts Corp COM 740189105 98,388 365,348 SH   SOLE None 365,348 0 0
Precision Drilling Corp COM 2010 74022D308 37,388 4,000,000 SH   SOLE None 4,000,000 0 0
Progressive Waste Solutions COM 74339G101 31,641 1,280,859 SH   SOLE None 1,280,859 0 0
Realogy Hldgs Corp COM 75605Y106 85,536 1,729,058 SH   SOLE None 1,729,058 0 0
Regal Beloit Corp COM 758750103 33,543 455,000 SH   SOLE None 455,000 0 0
Roper Inds Inc New COM 776696106 53,028 382,380 SH   SOLE None 382,380 0 0
Schlumberger Ltd COM 806857108 119,486 1,326,000 SH   SOLE None 1,326,000 0 0
Seacor Holdings Inc COM 811904101 24,982 273,925 SH   SOLE None 273,925 0 0
Sinclair Broadcast Group Inc CL A 829226109 88,179 2,467,920 SH   SOLE None 2,467,920 0 0
Snap On Inc COM 833034101 63,627 580,958 SH   SOLE None 580,958 0 0
Southwestern Energy Co COM 845467109 19,124 486,234 SH   SOLE None 486,234 0 0
Stanley Black & Decker Inc COM 854502101 78,162 968,669 SH   SOLE None 968,669 0 0
State Str Corp COM 857477103 134,561 1,833,500 SH   SOLE None 1,833,500 0 0
Suncor Energy Inc New COM 867224107 98,420 2,808,000 SH   SOLE None 2,808,000 0 0
Synopsys Inc COM 871607107 106,034 2,613,608 SH   SOLE None 2,613,608 0 0
TD Ameritrade Hldg Corp COM 87236Y108 145,723 4,755,974 SH   SOLE None 4,755,974 0 0
Texas Instrs Inc COM 882508104 204,175 4,649,843 SH   SOLE None 4,649,843 0 0
Texas Pac Ld Tr SUB CTF PROP I T 882610108 7,348 73,485 SH   SOLE None 73,485 0 0
Bank New York Mellon Corp COM 064058100 32,704 936,000 SH   SOLE None 936,000 0 0
Blackstone Group L P COM UNIT LTD 09253U108 58,452 1,855,610 SH   SOLE None 1,855,610 0 0
Carlyle Group L P COM UTS LTD PTN 14309L102 40,963 1,150,000 SH   SOLE None 1,150,000 0 0
Cheesecake Factory Inc COM 163072101 33,259 689,017 SH   SOLE None 689,017 0 0
Coca Cola Co COM 191216100 47,941 1,160,507 SH   SOLE None 1,160,507 0 0
Home Depot Inc COM 437076102 155,205 1,884,926 SH   SOLE None 1,884,926 0 0
Nasdaq OMX Group Inc COM 631103108 25,213 633,505 SH   SOLE None 633,505 0 0
PNC Finl Svcs Group Inc COM 693475105 48,539 625,667 SH   SOLE None 625,667 0 0
Procter & Gamble Co COM 742718109 37,367 459,000 SH   SOLE None 459,000 0 0
Sherwin Williams Co COM 824348106 159,786 870,767 SH   SOLE None 870,767 0 0
Twenty First Centy Fox Inc CL A 90130A101 70,981 2,018,219 SH   SOLE None 2,018,219 0 0
US Bancorp Del COM NEW 902973304 191,211 4,732,950 SH   SOLE None 4,732,950 0 0
UGI Corp New COM 902681105 77,572 1,871,000 SH   SOLE None 1,871,000 0 0
Union Pac Corp COM 907818108 13,104 78,000 SH   SOLE None 78,000 0 0
United Parcel Service Inc CL B 911312106 235,915 2,245,095 SH   SOLE None 2,245,095 0 0
Valero Energy Corp New COM 91913Y100 11,794 234,000 SH   SOLE None 234,000 0 0
Visa Inc COM CL A 92826C839 32,316 145,125 SH   SOLE None 145,125 0 0
Grainger W W Inc COM 384802104 92,383 361,692 SH   SOLE None 361,692 0 0
Walgreen Co COM 931422109 180,582 3,143,838 SH   SOLE None 3,143,838 0 0
Wal-Mart Stores Inc COM 931142103 62,689 796,660 SH   SOLE None 796,660 0 0
Waste Connections Inc COM 941053100 21,472 492,132 SH   SOLE None 492,132 0 0
Wells Fargo & Co New COM 949746101 130,000 2,863,437 SH   SOLE None 2,863,437 0 0
Woodward Inc COM 980745103 13,367 293,066 SH   SOLE None 293,066 0 0