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 16,557 3,060,500 SH   SOLE   3,060,500 0 0
AUTONATION INC COM 05329W102 114,701 1,898,716 SH   SOLE   1,898,716 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 11,805,591 78,625,314 SH   SOLE   78,625,314 0 0
BP PLC SPONSORED ADR 055622104 282,302 7,405,614 SH   SOLE   7,405,614 0 0
CANADIAN NATL RY CO COM 136375102 1,180,213 17,126,874 SH   SOLE   17,126,874 0 0
CATERPILLAR INC DEL COM 149123101 1,030,706 11,260,857 SH   SOLE   11,260,857 0 0
COCA COLA FEMSA SAB DE CV SPON ADR REP L 191241108 537,697 6,214,719 SH   SOLE   6,214,719 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 419,699 5,332,900 SH   SOLE   5,332,900 0 0
DIAMOND FOODS INC COM 252603105 294 10,412 SH   SOLE   10,412 0 0
ECOLAB INC COM 278865100 456,379 4,366,425 SH   SOLE   4,366,425 0 0
FEDEX CORP COM 31428X106 525,321 3,024,999 SH   SOLE   3,024,999 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 574,902 16,879,103 SH   SOLE   16,879,103 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 106,410 2,119,515 SH   SOLE   2,119,515 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 170,656 3,532,529 SH   SOLE   3,532,529 0 0
REPUBLIC SVCS INC COM 760759100 54,338 1,350,000 SH   SOLE   1,350,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 503,081 4,525,329 SH   SOLE   4,525,329 0 0
WAL-MART STORES INC COM 931142103 996,466 11,603,000 SH   SOLE   11,603,000 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 264,825 3,475,398 SH   SOLE   3,475,398 0 0
WASTE MGMT INC DEL COM 94106L109 956,280 18,633,672 SH   SOLE   18,633,672 0 0