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 8,325 3,060,500 SH   SOLE   3,060,500 0 0
AUTONATION INC COM 05329W102 110,467 1,898,716 SH   SOLE   1,898,716 0 0
BERKSHIRE HATHAWAY INC CL B NEW 084670702 10,351,354 79,381,548 SH   SOLE   79,381,548 0 0
BP PLC SPONSORED ADR 055622104 187,484 6,134,939 SH   SOLE   6,134,939 0 0
CANADIAN NATL RY CO COM 136375102 972,121 17,126,874 SH   SOLE   17,126,874 0 0
CATERPILLAR INC COM 149123101 736,010 11,260,857 SH   SOLE   11,260,857 0 0
COCA COLA FEMSA SAB DE CV SPON ADR REP L 191241108 431,177 6,214,719 SH   SOLE   6,214,719 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 420,606 5,332,900 SH   SOLE   5,332,900 0 0
ECOLAB INC COM 278865100 479,084 4,366,425 SH   SOLE   4,366,425 0 0
FEDEX CORP COM 31428X106 435,539 3,024,999 SH   SOLE   3,024,999 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 439,194 16,879,103 SH   SOLE   16,879,103 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 91,012 2,119,515 SH   SOLE   2,119,515 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 149,286 3,639,349 SH   SOLE   3,639,349 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 3,570 105,975 SH   SOLE   105,975 0 0
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 6,231 181,967 SH   SOLE   181,967 0 0
UNITED PARCEL SERVICE INC CL B 911312106 446,605 4,525,329 SH   SOLE   4,525,329 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 288,806 3,475,398 SH   SOLE   3,475,398 0 0
WAL-MART STORES INC COM 931142103 752,339 11,603,000 SH   SOLE   11,603,000 0 0
WASTE MGMT INC DEL COM 94106L109 928,143 18,633,672 SH   SOLE   18,633,672 0 0