Name,Ticker,Title of class,Class,Change,CUSIP,Value,Shares or principal amount,Weighting KRAFT HEINZ CO,KHC,, ,500754106,29147573000.0,325634818.0,22.632 WELLS FARGO & CO NEW,WFC,, ,949746101,21241306000.0,479704270.0,16.493 COCA COLA CO,KO,, ,191216100,16928001000.0,400000000.0,13.144 INTERNATIONAL BUSINESS MACHS,IBM,, ,459200101,12903752000.0,81232303.0,10.019 AMERICAN EXPRESS CO,AXP,, ,025816109,9709150000.0,151610700.0,7.539 PHILLIPS 66,PSX,,Buy,718546104,6499571000.0,80689892.0,5.047 US BANCORP DEL,USB,, ,902973304,3648359000.0,85063167.0,2.833 MOODYS CORP,MCO,, ,615369105,2671244000.0,24669778.0,2.074 CHARTER COMMUNICATIONS INC N,CHTR,cl a,Buy,16119P108,2549459000.0,9443491.0,1.98 DAVITA HEALTHCARE PARTNERS I,DVA,, ,23918K108,2548027000.0,38565570.0,1.978 DEERE & CO,DE,,Sell,244199105,1799610000.0,21085061.0,1.397 GOLDMAN SACHS GROUP INC,GS,, ,38141G104,1767441000.0,10959519.0,1.372 APPLE INC,AAPL,, ,037833100,1721492000.0,15227702.0,1.337 GENERAL MTRS CO,GM,, ,37045V100,1588501000.0,50000000.0,1.233 VERISIGN INC,VRSN,, ,92343E102,1013423000.0,12952745.0,0.787 U S G CORP,USG,, ,903293405,1008202000.0,39002016.0,0.783 WAL MART STORES INC,WMT,,Sell,931142103,935510000.0,12971574.0,0.726 VISA INC,V,,Buy,92826C839,873516000.0,10562460.0,0.678 BANK OF NEW YORK MELLON CORP,BK,,Buy,064058100,842932000.0,21136712.0,0.655 AMERICAN AIRLS GROUP INC,AAL,,New,02376R102,797020000.0,21770555.0,0.619 VERIZON COMMUNICATIONS INC,VZ,, ,92343V104,779748000.0,15000928.0,0.605 LIBERTY MEDIA CORP DELAWARE,LSXMK,,Buy,531229607,742909000.0,22236109.0,0.577 LIBERTY GLOBAL PLC,LBTYA,,Buy,G5480U104,689783000.0,20180897.0,0.536 COSTCO WHSL CORP NEW,COST,, ,22160K105,660881000.0,4333363.0,0.513 AXALTA COATING SYS LTD,AXTA,, ,G0750C108,659369000.0,23324000.0,0.512 M & T BK CORP,MTB,, ,55261F104,624856000.0,5382040.0,0.485 MASTERCARD INC,MA,cl a, ,57636Q104,502210000.0,4934756.0,0.39 KINDER MORGAN INC DEL,KMI,,Sell,49456B101,462600000.0,20000000.0,0.359 TORCHMARK CORP,TMK,, ,891027104,405940000.0,6353727.0,0.315 WABCO HLDGS INC,WBC,,Buy,92927K102,382414000.0,3368394.0,0.297 RESTAURANT BRANDS INTL INC,QSR,, ,76131D103,376176000.0,8438225.0,0.292 LIBERTY MEDIA CORP DELAWARE,LSXMA,,Buy,531229409,341799000.0,10058800.0,0.265 GENERAL ELECTRIC CO,GE,, ,369604103,313541000.0,10585502.0,0.243 DELTA AIR LINES INC DEL,DAL,,New,247361702,249303000.0,6333923.0,0.194 LIBERTY GLOBAL PLC,LBTYK,, ,G5480U120,242744000.0,7346968.0,0.188 UNITED CONTL HLDGS INC,UAL,,New,910047109,237847000.0,4533013.0,0.185 TWENTY FIRST CENTY FOX INC,FOXA,cl a, ,90130A101,216814000.0,8951869.0,0.168 SANOFI,SNY,sponsored adr, ,80105N105,149165000.0,3905875.0,0.116 VERISK ANALYTICS INC,VRSK,cl a, ,92345Y106,127076000.0,1563434.0,0.099 LIBERTY MEDIA CORP DELAWARE,FWONK,,Sell,531229854,89740000.0,3189041.0,0.07 LIBERTY GLOBAL PLC,LILA,, ,G5480U138,74903000.0,2714854.0,0.058 GRAHAM HLDGS CO,GHC,, ,384637104,51783000.0,107575.0,0.04 JOHNSON & JOHNSON,JNJ,, ,478160104,38640000.0,327100.0,0.03 NOW INC,DNOW,, ,67011P100,39122000.0,1825569.0,0.03 LIBERTY MEDIA CORP DELAWARE,FWONA,,Sell,531229870,37131000.0,1296013.0,0.029 LIBERTY GLOBAL PLC,LILAK,, ,G5480U153,36017000.0,1284020.0,0.028 PROCTER & GAMBLE CO,PG,, ,742718109,28307000.0,315400.0,0.022 MONDELEZ INTL INC,MDLZ,cl a, ,609207105,25374000.0,578000.0,0.02 UNITED PARCEL SERVICE INC,UPS,cl b, ,911312106,6496000.0,59400.0,0.005 LEE ENTERPRISES INC,LEE,, ,523768109,333000.0,88863.0,0.0 MEDIA GEN INC NEW,MEG,,Exit,58441K100,0.0,-3471309.0,-0.046 SUNCOR ENERGY INC NEW,SU,,Exit,867224107,0.0,-22275381.0,-0.476