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 34,278 3,060,500 SH   SOLE   3,060,500 0 0
AUTONATION INC COM 05329W102 113,315 1,898,716 SH   SOLE   1,898,716 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 9,117,358 72,039,804 SH   SOLE   72,039,804 0 0
BP PLC SPONSORED ADR 055622104 385,880 7,315,267 SH   SOLE   7,315,267 0 0
CANADIAN NATL RY CO COM 136375102 1,113,589 17,126,874 SH   SOLE   17,126,874 0 0
CATERPILLAR INC DEL COM 149123101 1,223,717 11,260,857 SH   SOLE   11,260,857 0 0
COCA COLA CO COM 191216100 1,440,325 34,002,000 SH   SOLE   34,002,000 0 0
COCA COLA FEMSA SAB DE CV SPON ADR REP L 191241108 706,116 6,214,719 SH   SOLE   6,214,719 0 0
CROWN CASTLE INTL CORP COM 228227104 396,021 5,332,900 SH   SOLE   5,332,900 0 0
ECOLAB INC COM 278865100 486,158 4,366,425 SH   SOLE   4,366,425 0 0
EXXON MOBIL CORP COM 30231G102 819,924 8,143,858 SH   SOLE   8,143,858 0 0
FEDEX CORP COM 31428X106 457,924 3,024,999 SH   SOLE   3,024,999 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 579,122 16,879,103 SH   SOLE   16,879,103 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 93,725 2,119,515 SH   SOLE   2,119,515 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 149,461 3,532,529 SH   SOLE   3,532,529 0 0
MCDONALDS CORP COM 580135101 1,095,296 10,872,500 SH   SOLE   10,872,500 0 0
REPUBLIC SVCS INC COM 760759100 51,260 1,350,000 SH   SOLE   1,350,000 0 0
THAI FD INC COM 882904105 1,072 95,586 SH   SOLE   95,586 0 0
WAL-MART STORES INC COM 931142103 871,037 11,603,000 SH   SOLE   11,603,000 0 0
WASTE MGMT INC DEL COM 94106L109 833,484 18,633,672 SH   SOLE   18,633,672 0 0