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 9,518 3,060,500 SH   SOLE   3,060,500 0 0
AUTONATION INC COM 05329W102 113,277 1,898,716 SH   SOLE   1,898,716 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 9,821,340 74,381,548 SH   SOLE   74,381,548 0 0
CANADIAN NATL RY CO COM 136375102 957,050 17,126,874 SH   SOLE   17,126,874 0 0
CATERPILLAR INC DEL COM 149123101 765,288 11,260,857 SH   SOLE   11,260,857 0 0
COCA COLA FEMSA SAB DE CV SPON ADR REP L 191241108 440,064 6,214,719 SH   SOLE   6,214,719 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 461,029 5,332,900 SH   SOLE   5,332,900 0 0
ECOLAB INC COM 278865100 499,432 4,366,425 SH   SOLE   4,366,425 0 0
FEDEX CORP COM 31428X106 450,695 3,024,999 SH   SOLE   3,024,999 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 459,280 16,879,103 SH   SOLE   16,879,103 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 89,783 2,119,515 SH   SOLE   2,119,515 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 148,376 3,639,349 SH   SOLE   3,639,349 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 4,384 105,975 SH   SOLE   105,975 0 0
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 7,825 181,967 SH   SOLE   181,967 0 0
UNITED PARCEL SERVICE INC CL B 911312106 435,472 4,525,329 SH   SOLE   4,525,329 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 295,948 3,475,398 SH   SOLE   3,475,398 0 0
WAL-MART STORES INC COM 931142103 711,264 11,603,000 SH   SOLE   11,603,000 0 0
WASTE MGMT INC DEL COM 94106L109 994,479 18,633,672 SH   SOLE   18,633,672 0 0