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 18,302 3,060,500 SH   SOLE   3,060,500 0 0
AUTONATION INC COM 05329W102 95,524 1,898,716 SH   SOLE   1,898,716 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 11,552,001 83,625,314 SH   SOLE   83,625,314 0 0
BP PLC SPONSORED ADR 055622104 325,477 7,405,614 SH   SOLE   7,405,614 0 0
CANADIAN NATL RY CO COM 136375102 1,215,323 17,126,874 SH   SOLE   17,126,874 0 0
CATERPILLAR INC DEL COM 149123101 1,115,163 11,260,857 SH   SOLE   11,260,857 0 0
COCA COLA CO COM 191216100 914,191 21,429,710 SH   SOLE   21,429,710 0 0
COCA COLA FEMSA SAB DE CV SPON ADR REP L 191241108 625,946 6,214,719 SH   SOLE   6,214,719 0 0
CROWN CASTLE INTL CORP COM 228227104 429,458 5,332,900 SH   SOLE   5,332,900 0 0
ECOLAB INC COM 278865100 501,397 4,366,425 SH   SOLE   4,366,425 0 0
EXXON MOBIL CORP COM 30231G102 765,930 8,143,858 SH   SOLE   8,143,858 0 0
FEDEX CORP COM 31428X106 488,386 3,024,999 SH   SOLE   3,024,999 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 571,864 16,879,103 SH   SOLE   16,879,103 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 90,164 2,119,515 SH   SOLE   2,119,515 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 144,887 3,532,529 SH   SOLE   3,532,529 0 0
MCDONALDS CORP COM 580135101 1,030,822 10,872,500 SH   SOLE   10,872,500 0 0
REPUBLIC SVCS INC COM 760759100 52,677 1,350,000 SH   SOLE   1,350,000 0 0
WAL-MART STORES INC COM 931142103 887,281 11,603,000 SH   SOLE   11,603,000 0 0
WASTE MGMT INC DEL COM 94106L109 885,658 18,633,672 SH   SOLE   18,633,672 0 0