Gardner Russo & Gardner Activity Q4 1999-Q3 2023

Q3 2023
 Value Shares↓ Weighting
BRKA SellBerkshire Hathaway Inc Cl A$1,319,125,914
+0.7%
2,482
-1.9%
14.38%
+11.1%
GOOG SellAlphabet Inc Cl C$1,067,183,616
+7.3%
8,093,922
-1.5%
11.64%
+18.4%
MA SellMastercard Inc Cl A$943,441,332
-0.8%
2,382,969
-1.4%
10.29%
+9.5%
NSRGY SellNestle SA Sponsored ADR$889,463,206
-7.8%
7,859,532
-2.0%
9.70%
+1.7%
SellCompagnie Financiere Richemont$618,044,600
-29.2%
5,048,100
-1.9%
6.74%
-21.8%
SellHeineken Holding NV$597,886,891
-13.9%
7,909,106
-1.1%
6.52%
-5.0%
PM SellPhilip Morris International In$577,727,289
-6.3%
6,240,303
-1.2%
6.30%
+3.4%
BRKB SellBerkshire Hathaway Inc Cl B$566,837,945
+2.3%
1,618,150
-0.5%
6.18%
+12.9%
SellPernod Ricard$471,938,910
-25.3%
2,823,890
-1.3%
5.14%
-17.6%
NFLX SellNetflix Inc$438,572,960
-15.3%
1,161,475
-1.2%
4.78%
-6.5%
MLM SellMartin Marietta Materials$393,553,088
-12.4%
958,763
-1.5%
4.29%
-3.4%
SellAshtead Group PLC$326,128,441
-12.2%
5,341,822
-0.4%
3.56%
-3.1%
JPM SellJ.P. Morgan Chase$304,313,643
-1.0%
2,098,425
-0.7%
3.32%
+9.3%
CMCSA SellComcast Corp New Cl A$156,434,559
+4.2%
3,528,069
-2.4%
1.71%
+15.0%
BFA SellBrown-Forman Corp Cl A$136,872,231
-16.2%
2,355,804
-1.9%
1.49%
-7.6%
V SellVisa Inc Cl A$76,211,743
-3.9%
331,341
-0.8%
0.83%
+6.0%
BFB SellBrown-Forman Corp Cl B$55,408,247
-14.2%
960,448
-0.7%
0.60%
-5.3%
SellAnheuser-Busch InBev SA$30,092,608
-4.1%
541,283
-2.5%
0.33%
+5.8%
WFC SellWells Fargo$29,679,611
-5.0%
726,373
-0.8%
0.32%
+4.9%
XOM SellExxon Mobil Corp$20,950,349
+9.5%
178,180
-0.1%
0.23%
+20.6%
CABO SellCable One Inc$15,187,920
-73.3%
24,670
-71.5%
0.17%
-70.4%
MKL BuyMarkel Corp$14,708,703
+7.2%
9,989
+0.7%
0.16%
+17.6%
MO BuyAltria Group Inc$13,889,065
-6.3%
330,299
+0.9%
0.15%
+2.7%
VMC SellVulcan Materials$10,727,868
-11.2%
53,103
-0.9%
0.12%
-1.7%
SellDavide Campari-Milano NV$9,520,624
-15.0%
805,403
-0.5%
0.10%
-6.3%
SellCrane Company$6,234,880
-0.5%
70,181
-0.2%
0.07%
+9.7%
PG SellProcter & Gamble$5,350,728
-4.0%
36,684
-0.1%
0.06%
+5.5%
UL SellUnilever PLC ADR$4,904,630
-96.6%
99,284
-96.4%
0.05%
-96.3%
UNP BuyUnion Pac Corp$4,431,563
-0.2%
21,763
+0.3%
0.05%
+9.1%
HRL SellHormel Foods Corp$4,416,424
-8.2%
116,130
-2.9%
0.05%
+2.1%
AXP SellAmerican Express$4,203,577
-28.8%
28,176
-16.9%
0.05%
-20.7%
DOV SellDover Corp$3,971,431
-5.9%
28,467
-0.4%
0.04%
+2.4%
SellCarlsberg B A/S$3,692,567
-21.0%
29,176
-0.2%
0.04%
-13.0%
MKC SellMcCormick Inc$3,400,018
-13.4%
44,950
-0.1%
0.04%
-5.1%
COST SellCostco Whsl Corp$2,905,491
+3.2%
5,143
-1.6%
0.03%
+14.3%
GOOGL BuyAlphabet Inc Cl A$2,922,104
+13.9%
22,330
+4.2%
0.03%
+28.0%
PEP SellPepsico Inc$2,380,298
-8.6%
14,048
-0.1%
0.03%0.0%
SWZ BuySwiss Helvetia FD Inc$2,034,175
-5.6%
266,253
+1.6%
0.02%
+4.8%
ABBV SellAbbVie Inc$1,875,622
+10.6%
12,583
-0.1%
0.02%
+17.6%
FULT BuyFulton Finl Corp$1,452,050
+21.9%
119,905
+20.0%
0.02%
+33.3%
AAPL BuyApple Inc$1,396,218
-4.8%
8,155
+7.8%
0.02%
+7.1%
DD BuyDupont De Nemours Inc$1,350,587
+4.9%
18,107
+0.4%
0.02%
+15.4%
FMX SellFomento Economico Mex Sponsore$1,290,153
-12.0%
11,820
-10.6%
0.01%0.0%
KO SellCoca-Cola$1,120,048
-7.7%
20,008
-0.7%
0.01%0.0%
DOW BuyDow Inc$1,065,553
-1.9%
20,666
+1.3%
0.01%
+9.1%
OUT SellOutfront Media Inc$946,057
-38.5%
93,669
-4.3%
0.01%
-33.3%
CVX BuyChevron Corp$798,166
+7.5%
4,734
+0.3%
0.01%
+28.6%
CFRUY BuyCompagnie Financiere Richemont$763,321
-26.8%
62,347
+1.3%
0.01%
-20.0%
MSFT SellMicrosoft Corp$673,179
-11.5%
2,132
-4.5%
0.01%
-12.5%
GHC SellGraham Holdings Co$677,045
+1.3%
1,161
-0.7%
0.01%0.0%
MCD SellMcDonalds Corp$508,966
-14.1%
1,932
-2.7%
0.01%0.0%
LAMR SellLamar Advertising Co-A$548,815
-20.6%
6,575
-5.5%
0.01%
-14.3%
BuyPernod-Ricard SA Unsponsored A$586,403
-24.3%
17,544
+0.1%
0.01%
-25.0%
CTVA BuyCorteva Inc$445,256
-10.4%
8,703
+0.3%
0.01%0.0%
DIS SellDisney Walt Productions$354,201
-10.5%
4,370
-1.5%
0.00%0.0%
MRK SellMerck Inc$395,547
-13.4%
3,842
-3.0%
0.00%
-20.0%
ORCL BuyOracle Corp$383,219
-10.7%
3,618
+0.4%
0.00%0.0%
TFC BuyTruist Financial Corp$320,051
-4.8%
11,187
+0.9%
0.00%0.0%
BP SellBP PLC ADR$262,540
+9.3%
6,780
-0.4%
0.00%
+50.0%
HEINY BuyHeineken NV Sponsored ADR$202,131
-13.8%
4,575
+0.2%
0.00%0.0%
DANOY SellDanone ADR$163,302
-19.5%
14,757
-10.9%
0.00%0.0%
BURCA NewBurnham Hldgs Inc Cl A$122,10010,0000.00%
LVMUY ExitLVMH Moet Hennessy Louis Vuitt$0-1,124-0.00%
ExitUnilever PLC$0-44,000-0.02%
Q2 2023
 Value Shares↓ Weighting
BRKA NewBerkshire Hathaway Inc Cl A$1,310,059,3002,53012.94%
GOOG NewAlphabet Inc Cl C$994,502,2338,221,0659.82%
NSRGY NewNestle SA Sponsored ADR$965,103,8278,019,1439.53%
MA NewMastercard Inc Cl A$950,707,6512,417,2589.39%
NewCompagnie Financiere Richemont$872,547,1305,147,5398.62%
NewHeineken Holding NV$694,693,6177,994,3436.86%
NewPernod Ricard$632,076,3292,862,4266.24%
PM NewPhilip Morris International In$616,408,8506,314,3716.09%
BRKB NewBerkshire Hathaway Inc Cl B$554,313,5731,625,5535.48%
NFLX NewNetflix Inc$517,903,9151,175,7455.12%
MLM NewMartin Marietta Materials$449,464,238973,5204.44%
NewAshtead Group PLC$371,373,7905,365,7203.67%
JPM NewJ.P. Morgan Chase$307,302,7112,112,9173.04%
BFA NewBrown-Forman Corp Cl A$163,390,6932,400,3331.61%
CMCSA NewComcast Corp New Cl A$150,183,9393,614,5351.48%
UL NewUnilever PLC ADR$145,518,6062,791,4561.44%
V NewVisa Inc Cl A$79,324,969334,0280.78%
BFB NewBrown-Forman Corp Cl B$64,577,841967,0240.64%
CABO NewCable One Inc$56,795,69086,4360.56%
NewAnheuser-Busch InBev SA$31,379,536554,9330.31%
WFC NewWells Fargo$31,241,273731,9890.31%
XOM NewExxon Mobil Corp$19,134,322178,4090.19%
MO NewAltria Group Inc$14,830,233327,3780.15%
MKL NewMarkel Corp$13,719,7629,9190.14%
VMC NewVulcan Materials$12,085,38853,6080.12%
NewDavide Campari-Milano NV$11,202,830809,1730.11%
NewCrane Company$6,267,89970,3310.06%
AXP NewAmerican Express$5,905,55433,9010.06%
PG NewProcter & Gamble$5,572,34836,7230.06%
HRL NewHormel Foods Corp$4,808,301119,5500.05%
NewNestle SA-REG$4,795,18539,8700.05%
NewCarlsberg B A/S$4,673,03529,2460.05%
UNP NewUnion Pac Corp$4,439,14821,6950.04%
DOV NewDover Corp$4,221,60928,5920.04%
MKC NewMcCormick Inc$3,925,35045,0000.04%
NewLoreal SA$3,930,8908,4360.04%
COST NewCostco Whsl Corp$2,814,4715,2280.03%
PEP NewPepsico Inc$2,604,77514,0630.03%
NewHeineken NV$2,614,07225,4410.03%
GOOGL NewAlphabet Inc Cl A$2,565,17121,4300.02%
NewLindt & Spruengli AG - Reg$2,357,346190.02%
NewUnilever PLC$2,290,27144,0000.02%
SWZ NewSwiss Helvetia FD Inc$2,154,012262,0450.02%
ABBV NewAbbVie Inc$1,696,38512,5910.02%
OUT NewOutfront Media Inc$1,539,36597,9240.02%
AAPL NewApple Inc$1,467,1897,5640.01%
FMX NewFomento Economico Mex Sponsore$1,465,30513,2200.01%
PNC NewPNC Bank Corp$1,419,20511,2680.01%
DD NewDupont De Nemours Inc$1,287,76118,0260.01%
ABT NewAbbott Labs$1,265,72211,6100.01%
KO NewCoca-Cola$1,213,97520,1590.01%
FULT NewFulton Finl Corp$1,190,86899,9050.01%
DOW NewDow Inc$1,086,58920,4020.01%
CFRUY NewCompagnie Financiere Richemont$1,042,84761,5220.01%
NewPernod-Ricard SA Unsponsored A$774,19017,5300.01%
MSFT NewMicrosoft Corp$760,4262,2330.01%
LAMR NewLamar Advertising Co-A$690,7806,9600.01%
HKHHY NewHeineken Holding NV ADR$695,18616,0000.01%
GHC NewGraham Holdings Co$668,1501,1690.01%
CVX NewChevron Corp$742,7764,7210.01%
MCD NewMcDonalds Corp$592,6421,9860.01%
NewDiageo PLC$594,59413,8410.01%
PXD NewPioneer Nat Res$497,2322,4000.01%
WMT NewWal Mart Stores Inc$543,0573,4550.01%
CTVA NewCorteva Inc$497,1648,6770.01%
MRK NewMerck Inc$456,9213,9600.01%
DIS NewDisney Walt Productions$395,9714,4350.00%
NewLVMH Moet Hennessy Louis Vuitt$418,9824450.00%
NewReckitt Benckiser Group PLC$410,0105,4550.00%
ORCL NewOracle Corp$429,3193,6050.00%
NewLT Group Inc$305,8041,775,0000.00%
ASHTY NewAshtead Group PLC ADR$346,8901,2530.00%
MDLZ NewMondelez International Inc$321,7384,4110.00%
TFC NewTruist Financial Corp$336,35211,0820.00%
DHR NewDanaher Corp$259,9201,0830.00%
NewHanjaya Mandala Sampoerna$315,1585,000,0000.00%
NewJC Decaux SA ACT$209,17710,5000.00%
DANOY NewDanone ADR$202,88116,5620.00%
DVCMY NewDavide Campari-Milano ADR$188,98213,6500.00%
BP NewBP PLC ADR$240,1016,8040.00%
HEINY NewHeineken NV Sponsored ADR$234,4764,5640.00%
LVMUY NewLVMH Moet Hennessy Louis Vuitt$211,6571,1240.00%
NewCir SPA$103,752251,2500.00%
Q4 2022
 Value Shares↓ Weighting
DVCMY ExitDavide Campari-Milano ADR$0-13,650-0.00%
ExitCir SPA$0-251,250-0.00%
ExitJC Decaux SA ACT$0-10,500-0.00%
ASHTY ExitAshtead Group PLC ADR$0-1,250-0.00%
ExitLT Group Inc$0-1,775,000-0.00%
MDLZ ExitMondelez International Inc$0-4,400-0.00%
ORCL ExitOracle Corp$0-4,000-0.00%
MRK ExitMerck Inc$0-3,858-0.00%
ExitHanjaya Mandala Sampoerna$0-5,000,000-0.00%
DHR ExitDanaher Corp$0-1,183-0.00%
ExitReckitt Benckiser Group PLC$0-5,530-0.00%
WMT ExitWal Mart Stores Inc$0-3,480-0.01%
MLHR ExitMillerKnoll Inc$0-24,230-0.01%
MCD ExitMcDonalds Corp$0-1,952-0.01%
DIS ExitDisney Walt Productions$0-4,792-0.01%
CTVA ExitCorteva Inc$0-8,611-0.01%
TFC ExitTruist Financial Corp$0-10,850-0.01%
PXD ExitPioneer Nat Res$0-2,400-0.01%
MSFT ExitMicrosoft Corp$0-2,310-0.01%
HKHHY ExitHeineken Holding NV ADR$0-16,000-0.01%
GHC ExitGraham Holdings Co$0-1,162-0.01%
CVX ExitChevron Corp$0-4,802-0.01%
DANOY ExitDanone ADR$0-73,337-0.01%
LAMR ExitLamar Advertising Co-A$0-7,925-0.01%
ExitDiageo PLC$0-19,351-0.01%
DOW ExitDow Inc$0-19,618-0.01%
DD ExitDupont De Nemours Inc$0-17,754-0.01%
FMX ExitFomento Economico Mex Sponsore$0-14,011-0.01%
AAPL ExitApple Inc$0-7,158-0.01%
HEINY ExitHeineken NV Sponsored ADR$0-21,982-0.01%
FULT ExitFulton Finl Corp$0-67,605-0.01%
KO ExitCoca-Cola$0-20,995-0.01%
ABT ExitAbbott Labs$0-11,775-0.01%
CFRUY ExitCompagnie Financiere Richemont$0-138,220-0.02%
ExitPernod-Ricard SA Unsponsored A$0-39,905-0.02%
ABBV ExitAbbVie Inc$0-12,610-0.02%
SWZ ExitSwiss Helvetia FD Inc$0-250,137-0.02%
PNC ExitPNC Bank Corp$0-11,693-0.02%
GOOGL ExitAlphabet Inc Cl A$0-19,640-0.02%
ExitLindt & Spruengli AG - Reg$0-19-0.02%
ExitUnilever PLC$0-44,000-0.02%
ExitLoreal SA$0-7,815-0.03%
COST ExitCostco Whsl Corp$0-5,389-0.03%
MKC ExitMcCormick Inc$0-45,150-0.04%
PEP ExitPepsico Inc$0-20,865-0.04%
ExitCarlsberg B A/S$0-28,771-0.04%
DOV ExitDover Corp$0-29,762-0.04%
ExitHeineken NV$0-39,066-0.04%
UNP ExitUnion Pac Corp$0-18,451-0.04%
OUT ExitOutfront Media Inc$0-240,833-0.04%
PG ExitProcter & Gamble$0-35,091-0.05%
ExitNestle SA-REG$0-42,370-0.06%
AXP ExitAmerican Express$0-39,836-0.06%
ExitCompagnie Financiere Richemontwts$0-13,562,528-0.07%
HRL ExitHormel Foods Corp$0-132,281-0.07%
ExitCrane Holdings$0-73,281-0.08%
ExitDavide Campari-Milano NV$0-813,493-0.09%
MKL ExitMarkel Corp$0-8,037-0.10%
VMC ExitVulcan Materials$0-55,407-0.11%
ExitSwedish Match AB$0-1,029,195-0.12%
MO ExitAltria Group Inc$0-335,936-0.16%
XOM ExitExxon Mobil Corp$0-179,099-0.19%
ExitAnheuser-Busch InBev SA$0-642,884-0.36%
WFC ExitWells Fargo$0-784,511-0.38%
V ExitVisa Inc Cl A$0-363,212-0.78%
BFB ExitBrown-Forman Corp Cl B$0-1,032,898-0.83%
CABO ExitCable One Inc$0-95,713-0.99%
CMCSA ExitComcast Corp New Cl A$0-3,985,573-1.41%
BFA ExitBrown-Forman Corp Cl A$0-2,624,001-2.14%
JPM ExitJ.P. Morgan Chase$0-1,928,564-2.44%
NFLX ExitNetflix Inc$0-940,802-2.68%
ExitAshtead Group PLC$0-5,284,992-2.92%
UL ExitUnilever PLC ADR$0-6,407,128-3.40%
MLM ExitMartin Marietta Materials$0-1,067,783-4.16%
BRKB ExitBerkshire Hathaway Inc Cl B$0-1,717,887-5.55%
ExitPernod Ricard$0-3,005,697-6.73%
ExitCompagnie Financiere Richemont$0-5,843,425-6.77%
ExitHeineken Holding NV$0-8,208,621-6.86%
PM ExitPhilip Morris International In$0-6,852,288-6.88%
GOOG ExitAlphabet Inc Cl C$0-7,700,535-8.96%
MA ExitMastercard Inc Cl A$0-2,661,848-9.16%
NSRGY ExitNestle SA Sponsored ADR$0-8,722,425-11.36%
BRKA ExitBerkshire Hathaway Inc Cl A$0-2,710-13.33%
Q3 2022
 Value Shares↓ Weighting
BRKA SellBerkshire Hathaway Inc Cl A$1,101,534,000
-2.1%
2,710
-1.5%
13.33%
+5.9%
NSRGY SellNestle SA Sponsored ADR$938,620,000
-8.5%
8,722,425
-1.0%
11.36%
-1.0%
MA SellMastercard Inc Cl A$756,870,000
-11.4%
2,661,848
-1.7%
9.16%
-4.1%
GOOG BuyAlphabet Inc Cl C$740,406,000
-9.1%
7,700,535
+1969.0%
8.96%
-1.6%
PM SellPhilip Morris International In$568,808,000
-17.0%
6,852,288
-1.3%
6.88%
-10.2%
SellHeineken Holding NV$566,931,000
-5.0%
8,208,621
-0.2%
6.86%
+2.7%
SellCompagnie Financiere Richemont$559,734,000
-10.2%
5,843,425
-0.4%
6.77%
-2.8%
SellPernod Ricard$556,075,000
+0.4%
3,005,697
-0.6%
6.73%
+8.6%
BRKB SellBerkshire Hathaway Inc Cl B$458,710,000
-3.9%
1,717,887
-1.8%
5.55%
+3.9%
MLM SellMartin Marietta Materials$343,922,000
+6.4%
1,067,783
-1.1%
4.16%
+15.1%
UL SellUnilever PLC ADR$280,888,000
-12.0%
6,407,128
-8.0%
3.40%
-4.8%
BuyAshtead Group PLC$241,059,000
+36.7%
5,284,992
+25.2%
2.92%
+47.9%
NFLX BuyNetflix Inc$221,502,000
+143.2%
940,802
+80.6%
2.68%
+163.0%
JPM SellJ.P. Morgan Chase$201,535,000
-8.4%
1,928,564
-1.3%
2.44%
-0.9%
BFA SellBrown-Forman Corp Cl A$177,278,000
-2.0%
2,624,001
-1.9%
2.14%
+6.1%
CMCSA SellComcast Corp New Cl A$116,897,000
-36.9%
3,985,573
-15.6%
1.41%
-31.8%
CABO BuyCable One Inc$81,648,000
-32.6%
95,713
+1.9%
0.99%
-27.1%
BFB SellBrown-Forman Corp Cl B$68,760,000
-6.4%
1,032,898
-1.3%
0.83%
+1.3%
V SellVisa Inc Cl A$64,525,000
-11.1%
363,212
-1.5%
0.78%
-3.8%
WFC SellWells Fargo$31,553,000
-3.0%
784,511
-5.6%
0.38%
+4.9%
SellAnheuser-Busch InBev SA$29,440,000
-24.1%
642,884
-11.0%
0.36%
-18.0%
XOM BuyExxon Mobil Corp$15,637,000
+2.4%
179,099
+0.5%
0.19%
+10.5%
MO BuyAltria Group Inc$13,565,000
-2.4%
335,936
+0.9%
0.16%
+5.8%
SellSwedish Match AB$10,202,000
-8.1%
1,029,195
-5.7%
0.12%
-0.8%
VMC SellVulcan Materials$8,738,000
-0.6%
55,407
-10.5%
0.11%
+8.2%
MKL BuyMarkel Corp$8,714,000
+1.9%
8,037
+21.6%
0.10%
+9.4%
SellDavide Campari-Milano NV$7,262,000
-15.8%
813,493
-1.1%
0.09%
-9.3%
SellCrane Holdings$6,415,000
-1.5%
73,281
-1.4%
0.08%
+6.8%
SellCompagnie Financiere Richemontwts$6,063,000
-18.3%
13,562,528
-0.7%
0.07%
-12.0%
HRL SellHormel Foods Corp$6,011,000
-5.7%
132,281
-1.7%
0.07%
+2.8%
PG SellProcter & Gamble$4,430,000
-17.9%
35,091
-6.5%
0.05%
-10.0%
OUT SellOutfront Media Inc$3,658,000
-19.0%
240,833
-9.6%
0.04%
-13.7%
UNP BuyUnion Pac Corp$3,595,000
-8.1%
18,451
+0.6%
0.04%
-2.3%
DOV SellDover Corp$3,470,000
-4.8%
29,762
-0.9%
0.04%
+2.4%
SellCarlsberg B A/S$3,388,000
-18.6%
28,771
-12.2%
0.04%
-12.8%
PEP SellPepsico Inc$3,406,000
-3.5%
20,865
-1.5%
0.04%
+5.1%
MKC SellMcCormick Inc$3,218,000
-16.1%
45,150
-2.0%
0.04%
-9.3%
COST SellCostco Whsl Corp$2,545,000
-5.0%
5,389
-3.6%
0.03%
+3.3%
GOOGL BuyAlphabet Inc Cl A$1,879,000
-12.2%
19,640
+1900.0%
0.02%
-4.2%
SWZ BuySwiss Helvetia FD Inc$1,698,000
-11.5%
250,137
+2.5%
0.02%0.0%
SellPernod-Ricard SA Unsponsored A$1,477,000
-17.1%
39,905
-17.9%
0.02%
-10.0%
CFRUY SellCompagnie Financiere Richemont$1,324,000
-26.1%
138,220
-18.1%
0.02%
-20.0%
KO SellCoca-Cola$1,176,000
-12.5%
20,995
-1.7%
0.01%
-6.7%
FULT SellFulton Finl Corp$1,068,000
+8.6%
67,605
-0.7%
0.01%
+18.2%
HEINY SellHeineken NV Sponsored ADR$968,000
-26.4%
21,982
-24.0%
0.01%
-20.0%
DD BuyDupont De Nemours Inc$895,000
-8.8%
17,754
+0.6%
0.01%0.0%
FMX SellFomento Economico Mex Sponsore$879,000
-8.0%
14,011
-1.0%
0.01%0.0%
SellDiageo PLC$820,000
-1.4%
19,351
-0.3%
0.01%
+11.1%
DOW BuyDow Inc$862,000
-13.6%
19,618
+1.4%
0.01%
-9.1%
CVX BuyChevron Corp$690,000
-0.4%
4,802
+0.3%
0.01%0.0%
GHC BuyGraham Holdings Co$625,000
-4.9%
1,162
+0.2%
0.01%
+14.3%
MSFT SellMicrosoft Corp$538,000
-42.3%
2,310
-36.3%
0.01%
-30.0%
TFC BuyTruist Financial Corp$472,000
-7.8%
10,850
+0.6%
0.01%0.0%
CTVA BuyCorteva Inc$492,000
+5.8%
8,611
+0.2%
0.01%
+20.0%
MCD SellMcDonalds Corp$450,000
-10.4%
1,952
-4.1%
0.01%
-16.7%
MLHR SellMillerKnoll Inc$378,000
-46.0%
24,230
-9.0%
0.01%
-37.5%
DIS SellDisney Walt Productions$452,000
-7.9%
4,792
-7.9%
0.01%0.0%
MRK SellMerck Inc$332,000
-6.7%
3,858
-1.3%
0.00%0.0%
ASHTY NewAshtead Group PLC ADR$228,0001,2500.00%
Y ExitAlleghany Corp$0-324-0.00%
ExitLVMH Moet Hennessy Louis Vuitt$0-1,375-0.01%
BABA ExitAlibaba Group Hldg Ltd Sponsor$0-1,581,740-2.01%
Q2 2022
 Value Shares↓ Weighting
BRKA NewBerkshire Hathaway Inc Cl A$1,125,430,0002,75212.59%
NSRGY NewNestle SA Sponsored ADR$1,025,477,0008,810,69311.47%
MA NewMastercard Inc Cl A$853,936,0002,706,7859.55%
GOOG NewAlphabet Inc Cl C$814,125,000372,1809.10%
PM NewPhilip Morris International In$685,267,0006,940,1117.66%
NewCompagnie Financiere Richemont$623,166,0005,869,0366.97%
NewHeineken Holding NV$596,949,0008,221,6956.68%
NewPernod Ricard$554,120,0003,023,5586.20%
BRKB NewBerkshire Hathaway Inc Cl B$477,448,0001,748,7675.34%
MLM NewMartin Marietta Materials$323,127,0001,079,8273.61%
UL NewUnilever PLC ADR$319,110,0006,962,9173.57%
JPM NewJ.P. Morgan Chase$220,095,0001,954,4922.46%
CMCSA NewComcast Corp New Cl A$185,234,0004,720,5382.07%
BFA NewBrown-Forman Corp Cl A$180,839,0002,673,5482.02%
BABA NewAlibaba Group Hldg Ltd Sponsor$179,812,0001,581,7402.01%
NewAshtead Group PLC$176,297,0004,221,1811.97%
CABO NewCable One Inc$121,116,00093,9381.36%
NFLX NewNetflix Inc$91,080,000520,8421.02%
BFB NewBrown-Forman Corp Cl B$73,437,0001,046,7010.82%
V NewVisa Inc Cl A$72,582,000368,6400.81%
NewAnheuser-Busch InBev SA$38,793,000722,4730.43%
WFC NewWells Fargo$32,542,000830,7830.36%
XOM NewExxon Mobil Corp$15,267,000178,2640.17%
MO NewAltria Group Inc$13,903,000332,8460.16%
NewSwedish Match AB$11,096,0001,091,2450.12%
VMC NewVulcan Materials$8,794,00061,8870.10%
NewDavide Campari-Milano NV$8,629,000822,5080.10%
MKL NewMarkel Corp$8,550,0006,6110.10%
NewCompagnie Financiere Richemontwts$7,419,00013,659,4050.08%
NewCrane Holdings$6,511,00074,3560.07%
HRL NewHormel Foods Corp$6,375,000134,6160.07%
AXP NewAmerican Express$5,522,00039,8360.06%
PG NewProcter & Gamble$5,397,00037,5310.06%
NewNestle SA-REG$4,932,00042,3700.06%
OUT NewOutfront Media Inc$4,516,000266,4330.05%
NewCarlsberg B A/S$4,163,00032,7560.05%
UNP NewUnion Pac Corp$3,912,00018,3400.04%
MKC NewMcCormick Inc$3,834,00046,0500.04%
DOV NewDover Corp$3,645,00030,0420.04%
NewHeineken NV$3,553,00039,0660.04%
PEP NewPepsico Inc$3,531,00021,1850.04%
NewLoreal SA$2,690,0007,8150.03%
COST NewCostco Whsl Corp$2,679,0005,5890.03%
GOOGL NewAlphabet Inc Cl A$2,140,0009820.02%
NewLindt & Spruengli AG - Reg$1,987,000190.02%
ABBV NewAbbVie Inc$1,931,00012,6100.02%
NewUnilever PLC$1,993,00044,0000.02%
PNC NewPNC Bank Corp$1,845,00011,6930.02%
SWZ NewSwiss Helvetia FD Inc$1,919,000244,1540.02%
NewPernod-Ricard SA Unsponsored A$1,781,00048,5930.02%
CFRUY NewCompagnie Financiere Richemont$1,791,000168,6990.02%
HEINY NewHeineken NV Sponsored ADR$1,315,00028,9080.02%
KO NewCoca-Cola$1,344,00021,3650.02%
ABT NewAbbott Labs$1,279,00011,7750.01%
DOW NewDow Inc$998,00019,3380.01%
AAPL NewApple Inc$979,0007,1580.01%
DD NewDupont De Nemours Inc$981,00017,6530.01%
FULT NewFulton Finl Corp$983,00068,0530.01%
FMX NewFomento Economico Mex Sponsore$955,00014,1460.01%
MSFT NewMicrosoft Corp$932,0003,6290.01%
NewDiageo PLC$832,00019,4010.01%
NewLVMH Moet Hennessy Louis Vuitt$836,0001,3750.01%
DANOY NewDanone ADR$817,00073,3370.01%
LAMR NewLamar Advertising Co-A$697,0007,9250.01%
MLHR NewMillerKnoll Inc$700,00026,6300.01%
CVX NewChevron Corp$693,0004,7890.01%
GHC NewGraham Holdings Co$657,0001,1600.01%
PXD NewPioneer Nat Res$535,0002,4000.01%
MCD NewMcDonalds Corp$502,0002,0350.01%
HKHHY NewHeineken Holding NV ADR$581,00016,0000.01%
TFC NewTruist Financial Corp$512,00010,7870.01%
CTVA NewCorteva Inc$465,0008,5900.01%
WMT NewWal Mart Stores Inc$423,0003,4800.01%
NewReckitt Benckiser Group PLC$414,0005,5300.01%
DIS NewDisney Walt Productions$491,0005,2040.01%
NewHanjaya Mandala Sampoerna$327,0005,000,0000.00%
MRK NewMerck Inc$356,0003,9090.00%
DHR NewDanaher Corp$300,0001,1830.00%
Y NewAlleghany Corp$270,0003240.00%
NewLT Group Inc$261,0001,775,0000.00%
ORCL NewOracle Corp$279,0004,0000.00%
MDLZ NewMondelez International Inc$273,0004,4000.00%
DVCMY NewDavide Campari-Milano ADR$143,00013,6500.00%
NewJC Decaux SA ACT$176,00010,5000.00%
NewCir SPA$106,000251,2500.00%
Q4 2021
 Value Shares↓ Weighting
DVCMY ExitDavide Campari-Milano ADR$0-11,475-0.00%
ExitCir SPA$0-251,250-0.00%
KHC ExitKraft Heinz Co$0-6,000-0.00%
Y ExitAlleghany Corp$0-324-0.00%
NKE ExitNike Inc - Cl B$0-1,542-0.00%
BUD ExitAnheuser-Busch InBev ADR$0-3,981-0.00%
ExitLT Group Inc$0-1,775,000-0.00%
ORCL ExitOracle Corp$0-4,000-0.00%
ExitHanjaya Mandala Sampoerna$0-5,000,000-0.00%
DHR ExitDanaher Corp$0-1,183-0.00%
ExitJC Decaux SA ACT$0-10,500-0.00%
MRK ExitMerck Inc$0-3,878-0.00%
PXD ExitPioneer Nat Res$0-2,400-0.00%
CVX ExitChevron Corp$0-4,751-0.00%
CTVA ExitCorteva Inc$0-9,031-0.00%
HKHHY ExitHeineken Holding NV ADR$0-11,125-0.00%
ExitReckitt Benckiser Group PLC$0-6,430-0.01%
MCD ExitMcDonalds Corp$0-2,280-0.01%
TFC ExitTruist Financial Corp$0-10,642-0.01%
GHC ExitGraham Holdings Co$0-1,151-0.01%
WMT ExitWal Mart Stores Inc$0-4,480-0.01%
DIS ExitDisney Walt Productions$0-5,222-0.01%
LAMR ExitLamar Advertising Co-A$0-8,035-0.01%
ExitLVMH Moet Hennessy Louis Vuitt$0-1,375-0.01%
ExitDiageo PLC$0-19,401-0.01%
AAPL ExitApple Computer Inc$0-6,645-0.01%
MSFT ExitMicrosoft Corp$0-3,656-0.01%
DOW ExitDow Inc$0-19,189-0.01%
KO ExitCoca-Cola$0-22,710-0.01%
FULT ExitFulton Finl Corp$0-74,839-0.01%
DD ExitDupont De Nemours Inc$0-18,028-0.01%
ABBV ExitAbbVie Inc$0-12,910-0.01%
ABT ExitAbbott Labs$0-12,275-0.01%
HEINY ExitHeineken NV Spons ADR$0-29,456-0.01%
CFRUY ExitCompagnie Financiere Richemont$0-169,563-0.02%
FMX ExitFomento Economico Mex Sp ADR$0-21,411-0.02%
DANOY ExitDanone ADR$0-138,464-0.02%
SWZ ExitSwiss Helvetia FD Inc$0-230,908-0.02%
ExitPernod-Ricard SA-Unspon ADR$0-47,904-0.02%
MLHR ExitMillerKnoll Inc$0-61,321-0.02%
ExitLindt & Spruengli AG - Reg$0-19-0.02%
COST ExitCostco Whsl Corp$0-5,264-0.02%
ExitUnilever PLC$0-46,250-0.02%
GOOGL ExitAlphabet Inc Cl A$0-994-0.02%
ExitLoreal SA$0-6,745-0.03%
ExitAnheuser-Busch InBev SA Restri$0-51,578-0.03%
PNC ExitPNC Bank Corp$0-14,836-0.03%
PEP ExitPepsico Inc$0-22,747-0.03%
UNP ExitUnion Pac Corp$0-18,173-0.03%
MKC ExitMcCormick Inc$0-48,425-0.04%
ExitHeineken NV$0-40,166-0.04%
DOV ExitDover Corp$0-31,167-0.04%
ExitNestle SA-REG$0-42,370-0.05%
HRL ExitHormel Foods Corp$0-140,781-0.05%
ExitCarlsberg B A/S$0-35,379-0.05%
PG ExitProcter & Gamble$0-42,823-0.06%
ExitCompagnie Financiere Richemontwts$0-14,066,170-0.06%
AXP ExitAmerican Express$0-42,651-0.07%
CR ExitCrane$0-77,756-0.07%
OUT ExitOutfront Media Inc$0-297,287-0.07%
MKL ExitMarkel Corp$0-6,602-0.07%
XOM ExitExxon Mobil Corp$0-177,987-0.10%
VMC ExitVulcan Materials$0-68,652-0.11%
ExitSwedish Match AB$0-1,352,270-0.11%
ExitDavide Campari-Milano NV$0-879,436-0.11%
MO ExitAltria Group Inc$0-329,612-0.14%
WFC ExitWells Fargo$0-1,073,517-0.46%
BFB ExitBrown-Forman Corp Cl B$0-1,132,510-0.70%
V ExitVisa Inc Cl A$0-402,770-0.83%
CABO ExitCable One Inc$0-87,731-1.47%
BFA ExitBrown-Forman Corp Cl A$0-2,868,801-1.66%
ExitAshtead Group PLC$0-2,485,746-1.74%
BABA ExitAlibaba Group Hldg Ltd Spons A$0-1,595,076-2.18%
CMCSA ExitComcast Corp New Cl A$0-5,189,614-2.68%
ExitAnheuser-Busch InBev SA$0-5,108,358-2.68%
MLM ExitMartin Marietta Materials$0-1,192,297-3.76%
JPM ExitJ.P. Morgan Chase$0-2,515,409-3.80%
UL ExitUnilever PLC ADR$0-9,414,768-4.70%
BRKB ExitBerkshire Hathaway Inc Cl B$0-1,899,976-4.78%
ExitHeineken Holding NV$0-7,320,416-5.88%
ExitCompagnie Financiere Richemont$0-6,239,671-6.01%
PM ExitPhilip Morris International In$0-7,513,648-6.56%
ExitPernod Ricard$0-3,296,810-6.72%
GOOG ExitAlphabet Inc Cl C$0-383,666-9.43%
MA ExitMastercard Inc Cl A$0-3,155,872-10.11%
NSRGY ExitNestle SA-Spons ADR$0-9,510,972-10.54%
BRKA ExitBerkshire Hathaway Inc Cl A$0-3,044-11.54%
Q3 2021
 Value Shares↓ Weighting
BRKA SellBerkshire Hathaway Inc Cl A$1,252,238,000
-4.9%
3,044
-3.2%
11.54%
+3.8%
NSRGY SellNestle SA-Spons ADR$1,143,314,000
-6.3%
9,510,972
-2.8%
10.54%
+2.2%
MA SellMastercard Inc Cl A$1,097,234,000
-11.8%
3,155,872
-7.4%
10.11%
-3.8%
GOOG SellAlphabet Inc Cl C$1,022,589,000
+2.3%
383,666
-3.8%
9.43%
+11.6%
SellPernod Ricard$728,634,000
-3.3%
3,296,810
-2.8%
6.72%
+5.5%
PM SellPhilip Morris International In$712,219,000
-9.0%
7,513,648
-4.9%
6.56%
-0.8%
SellCompagnie Financiere Richemont$651,625,000
-16.3%
6,239,671
-2.9%
6.01%
-8.6%
SellHeineken Holding NV$638,421,000
-14.3%
7,320,416
-1.0%
5.88%
-6.5%
BRKB SellBerkshire Hathaway Inc Cl B$518,579,000
-3.4%
1,899,976
-1.6%
4.78%
+5.4%
UL SellUnilever PLC ADR$510,469,000
-10.4%
9,414,768
-3.3%
4.70%
-2.2%
JPM SellJ.P. Morgan Chase$411,747,000
-5.1%
2,515,409
-9.8%
3.80%
+3.6%
MLM SellMartin Marietta Materials$407,384,000
-6.3%
1,192,297
-3.5%
3.76%
+2.2%
SellAnheuser-Busch InBev SA$290,955,000
-23.4%
5,108,358
-3.1%
2.68%
-16.5%
CMCSA SellComcast Corp New Cl A$290,255,000
-5.1%
5,189,614
-3.2%
2.68%
+3.5%
BABA BuyAlibaba Group Hldg Ltd Spons A$236,151,000
-28.9%
1,595,076
+9.0%
2.18%
-22.4%
SellAshtead Group PLC$189,234,000
+0.4%
2,485,746
-2.3%
1.74%
+9.5%
BFA SellBrown-Forman Corp Cl A$179,788,000
-12.1%
2,868,801
-1.1%
1.66%
-4.1%
CABO SellCable One Inc$159,067,000
-7.5%
87,731
-2.4%
1.47%
+1.0%
V SellVisa Inc Cl A$89,717,000
-5.6%
402,770
-0.9%
0.83%
+3.0%
BFB SellBrown-Forman Corp Cl B$75,890,000
-15.9%
1,132,510
-5.9%
0.70%
-8.1%
WFC SellWells Fargo$49,822,000
-3.9%
1,073,517
-6.2%
0.46%
+4.8%
MO BuyAltria Group Inc$15,004,000
-4.2%
329,612
+0.3%
0.14%
+4.5%
SellDavide Campari-Milano NV$12,414,000
+5.1%
879,436
-0.3%
0.11%
+14.0%
SellSwedish Match AB$11,849,000
+2.2%
1,352,270
-0.4%
0.11%
+11.2%
VMC SellVulcan Materials$11,613,000
-3.0%
68,652
-0.2%
0.11%
+5.9%
XOM BuyExxon Mobil Corp$10,469,000
-6.1%
177,987
+0.7%
0.10%
+2.1%
MKL SellMarkel Corp$7,890,000
-0.8%
6,602
-1.5%
0.07%
+9.0%
OUT SellOutfront Media Inc$7,492,000
+2.1%
297,287
-2.7%
0.07%
+11.3%
CR SellCrane$7,372,000
-3.6%
77,756
-6.1%
0.07%
+4.6%
AXP SellAmerican Express$7,145,000
-1.2%
42,651
-2.6%
0.07%
+8.2%
SellCompagnie Financiere Richemontwts$6,635,000
-31.3%
14,066,170
-2.3%
0.06%
-25.6%
PG BuyProcter & Gamble$5,987,000
+4.3%
42,823
+0.7%
0.06%
+14.6%
BuyCarlsberg B A/S$5,787,000
+39.2%
35,379
+58.7%
0.05%
+51.4%
HRL SellHormel Foods Corp$5,772,000
-15.5%
140,781
-1.5%
0.05%
-8.6%
DOV SellDover Corp$4,846,000
-5.7%
31,167
-8.7%
0.04%
+4.7%
MKC SellMcCormick Inc$3,924,000
-8.4%
48,425
-0.2%
0.04%0.0%
UNP BuyUnion Pac Corp$3,562,000
-5.2%
18,173
+6.3%
0.03%
+3.1%
PEP SellPepsico Inc$3,421,000
+1.0%
22,747
-0.5%
0.03%
+10.3%
PNC SellPNC Bank Corp$2,903,000
+2.0%
14,836
-0.5%
0.03%
+12.5%
SellLoreal SA$2,790,000
-10.8%
6,745
-3.9%
0.03%0.0%
GOOGL SellAlphabet Inc Cl A$2,657,000
+2.5%
994
-6.3%
0.02%
+9.1%
COST BuyCostco Whsl Corp$2,365,000
+15.6%
5,264
+1.9%
0.02%
+29.4%
SellLindt & Spruengli AG - Reg$2,238,000
+6.7%
19
-5.0%
0.02%
+16.7%
MLHR SellMillerKnoll Inc$2,309,000
-20.9%
61,321
-1.0%
0.02%
-16.0%
NewPernod-Ricard SA-Unspon ADR$2,117,00047,9040.02%
SWZ BuySwiss Helvetia FD Inc$2,120,000
-4.2%
230,908
+1.5%
0.02%
+5.3%
DANOY SellDanone ADR$1,895,000
-9.7%
138,464
-7.1%
0.02%
-5.6%
FMX SellFomento Economico Mex Sp ADR$1,857,000
-3.9%
21,411
-6.3%
0.02%
+6.2%
CFRUY BuyCompagnie Financiere Richemont$1,771,000
+13.0%
169,563
+31.0%
0.02%
+23.1%
HEINY BuyHeineken NV Spons ADR$1,540,000
+35.6%
29,456
+57.1%
0.01%
+40.0%
ABT BuyAbbott Labs$1,450,000
+4.5%
12,275
+2.5%
0.01%
+8.3%
ABBV BuyAbbVie Inc$1,393,000
-1.9%
12,910
+2.4%
0.01%
+8.3%
FULT BuyFulton Finl Corp$1,144,000
-2.6%
74,839
+0.6%
0.01%
+10.0%
DD BuyDupont De Nemours Inc$1,226,000
-11.8%
18,028
+0.4%
0.01%
-8.3%
MSFT BuyMicrosoft Corp$1,031,000
+5.6%
3,656
+1.5%
0.01%
+25.0%
DOW BuyDow Inc$1,105,000
-8.0%
19,189
+1.1%
0.01%0.0%
AAPL BuyApple Computer Inc$940,000
+8.2%
6,645
+4.7%
0.01%
+28.6%
SellDiageo PLC$943,000
-11.0%
19,401
-12.4%
0.01%0.0%
TFC BuyTruist Financial Corp$624,000
+6.1%
10,642
+0.4%
0.01%
+20.0%
GHC BuyGraham Holdings Co$678,000
-6.9%
1,151
+0.2%
0.01%0.0%
CVX SellChevron Corp$482,000
-4.7%
4,751
-1.7%
0.00%0.0%
CTVA BuyCorteva Inc$380,000
-4.8%
9,031
+0.3%
0.00%
+33.3%
HKHHY BuyHeineken Holding NV ADR$485,000
-10.4%
11,125
+3.5%
0.00%
-20.0%
BuyLT Group Inc$351,000
-12.9%
1,775,000
+16.4%
0.00%0.0%
MRK BuyMerck Inc$291,000
-3.3%
3,878
+0.3%
0.00%0.0%
BuyHanjaya Mandala Sampoerna$360,000
+328.6%
5,000,000
+400.0%
0.00%
+200.0%
PDRDY ExitPernod-Ricard SA-Unspon ADR$0-37,389-0.01%
EVF ExitEaton Vance Sr Income TR SFsh ben int$0-379,440-0.02%
Q2 2021
 Value Shares↓ Weighting
BRKA NewBerkshire Hathaway Inc Cl A$1,316,500,0003,14511.12%
MA NewMastercard Inc Cl A$1,244,241,0003,408,03810.51%
NSRGY NewNestle SA-Spons ADR$1,219,960,0009,780,01910.31%
GOOG NewAlphabet Inc Cl C$999,322,000398,7218.44%
PM NewPhilip Morris International In$783,039,0007,900,7116.62%
NewCompagnie Financiere Richemont$778,072,0006,424,3936.57%
NewPernod Ricard$753,161,0003,392,6096.36%
NewHeineken Holding NV$745,179,0007,396,8946.30%
UL NewUnilever PLC ADR$569,464,0009,734,4254.81%
BRKB NewBerkshire Hathaway Inc Cl B$536,732,0001,931,2454.54%
MLM NewMartin Marietta Materials$434,758,0001,235,7753.67%
JPM NewJ.P. Morgan Chase$433,667,0002,788,1403.66%
NewAnheuser-Busch InBev SA$380,024,0005,269,7283.21%
BABA NewAlibaba Group Hldg Ltd Spons A$331,933,0001,463,6772.80%
CMCSA NewComcast Corp New Cl A$305,841,0005,363,7422.58%
BFA NewBrown-Forman Corp Cl A$204,484,0002,900,4871.73%
NewAshtead Group PLC$188,458,0002,543,2631.59%
CABO NewCable One Inc$171,875,00089,8551.45%
V NewVisa Inc Cl A$95,014,000406,3540.80%
BFB NewBrown-Forman Corp Cl B$90,205,0001,203,7000.76%
WFC NewWells Fargo$51,846,0001,144,7470.44%
MO NewAltria Group Inc$15,662,000328,4710.13%
VMC NewVulcan Materials$11,978,00068,8120.10%
NewDavide Campari-Milano NV$11,815,000882,0860.10%
NewSwedish Match AB$11,592,0001,358,3750.10%
XOM NewExxon Mobil Corp$11,146,000176,6990.09%
NewCompagnie Financiere Richemontwts$9,655,00014,395,1900.08%
MKL NewMarkel Corp$7,953,0006,7020.07%
CR NewCrane$7,649,00082,8060.06%
OUT NewOutfront Media Inc$7,341,000305,5040.06%
AXP NewAmerican Express$7,234,00043,7830.06%
HRL NewHormel Foods Corp$6,827,000142,9710.06%
PG NewProcter & Gamble$5,740,00042,5430.05%
NewNestle SA-REG$5,281,00042,3700.04%
DOV NewDover Corp$5,140,00034,1320.04%
NewHeineken NV$4,868,00040,1660.04%
MKC NewMcCormick Inc$4,284,00048,5000.04%
NewCarlsberg B A/S$4,156,00022,2910.04%
UNP NewUnion Pac Corp$3,759,00017,0910.03%
NewAnheuser-Busch InBev SA Restri$3,719,00051,5780.03%
PEP NewPepsico Inc$3,387,00022,8560.03%
NewLoreal SA$3,129,0007,0200.03%
MLHR NewHerman Miller Inc$2,919,00061,9210.02%
PNC NewPNC Bank Corp$2,845,00014,9130.02%
NewUnilever PLC$2,708,00046,2500.02%
EVF NewEaton Vance Sr Income TR SFsh ben int$2,580,000379,4400.02%
GOOGL NewAlphabet Inc Cl A$2,591,0001,0610.02%
SWZ NewSwiss Helvetia FD Inc$2,213,000227,4920.02%
NewLindt & Spruengli AG - Reg$2,097,000200.02%
DANOY NewDanone ADR$2,098,000148,9990.02%
COST NewCostco Whsl Corp$2,045,0005,1680.02%
FMX NewFomento Economico Mex Sp ADR$1,932,00022,8610.02%
PDRDY NewPernod-Ricard SA-Unspon ADR$1,660,00037,3890.01%
CFRUY NewCompagnie Financiere Richemont$1,567,000129,4150.01%
ABT NewAbbott Labs$1,388,00011,9750.01%
ABBV NewAbbVie Inc$1,420,00012,6100.01%
DD NewDupont De Nemours Inc$1,390,00017,9550.01%
FULT NewFulton Finl Corp$1,174,00074,4210.01%
HEINY NewHeineken NV Spons ADR$1,136,00018,7480.01%
KO NewCoca-Cola$1,229,00022,7100.01%
DOW NewDow Inc$1,201,00018,9800.01%
NewLVMH Moet Hennessy Louis Vuitt$1,078,0001,3750.01%
NewDiageo PLC$1,059,00022,1510.01%
MSFT NewMicrosoft Corp$976,0003,6020.01%
DIS NewDisney Walt Productions$918,0005,2220.01%
LAMR NewLamar Advertising Co-A$839,0008,0350.01%
AAPL NewApple Computer Inc$869,0006,3480.01%
GHC NewGraham Holdings Co$728,0001,1490.01%
NewReckitt Benckiser Group PLC$568,0006,4300.01%
HKHHY NewHeineken Holding NV ADR$541,00010,7500.01%
WMT NewWal Mart Stores Inc$632,0004,4800.01%
TFC NewTruist Financial Corp$588,00010,5960.01%
MCD NewMcDonalds Corp$527,0002,2800.00%
CVX NewChevron Corp$506,0004,8330.00%
PXD NewPioneer Nat Res$390,0002,4000.00%
ORCL NewOracle Corp$311,0004,0000.00%
MRK NewMerck Inc$301,0003,8680.00%
DHR NewDanaher Corp$317,0001,1830.00%
CTVA NewCorteva Inc$399,0009,0040.00%
NewLT Group Inc$403,0001,525,0000.00%
NKE NewNike Inc - Cl B$238,0001,5420.00%
Y NewAlleghany Corp$216,0003240.00%
NewJC Decaux SA ACT$291,00010,5000.00%
BUD NewAnheuser-Busch InBev ADR$287,0003,9810.00%
KHC NewKraft Heinz Co$245,0006,0000.00%
NewHanjaya Mandala Sampoerna$84,0001,000,0000.00%
NewCir SPA$151,000251,2500.00%
DVCMY NewDavide Campari-Milano ADR$154,00011,4750.00%
Q4 2020
 Value Shares↓ Weighting
ExitBollore$0-13,5000.00%
ExitHanjaya Mandala Sampoerna$0-1,000,000-0.00%
ExitCir SPA$0-251,250-0.00%
PXD ExitPioneer Nat Res$0-2,500-0.00%
RDSA ExitRoyal Dutch Shell PLC ADR A$0-9,146-0.00%
TWNKW ExitHostess Brands Inc Wts Exp 11/wts$0-215,000-0.00%
NKE ExitNike Inc - Cl B$0-1,617-0.00%
ORCL ExitOracle Corp$0-4,000-0.00%
DHR ExitDanaher Corp$0-1,333-0.00%
CABO ExitCable One Inc$0-168-0.00%
ExitLT Group Inc$0-1,525,000-0.00%
HKHHY ExitHeineken Holding NV ADR$0-6,748-0.00%
MRK ExitMerck Inc$0-3,935-0.00%
CTVA ExitCorteva Inc$0-15,780-0.00%
MTB ExitM & T Bk Corp$0-4,511-0.00%
TFC ExitTruist Financial Corp$0-10,463-0.00%
LAMR ExitLamar Advertising Co-A$0-8,125-0.01%
MCD ExitMcDonalds Corp$0-2,345-0.01%
GHC ExitGraham Holdings Co$0-1,159-0.01%
DIS ExitDisney Walt Productions$0-5,203-0.01%
WMT ExitWal Mart Stores Inc$0-4,580-0.01%
ExitJC Decaux SA ACT$0-38,500-0.01%
CVX ExitChevron Corp$0-8,970-0.01%
MSFT ExitMicrosoft Corp$0-3,445-0.01%
ExitLVMH Moet Hennessy Louis Vuitt$0-1,743-0.01%
ExitCarlsberg B A/S$0-6,996-0.01%
DOW ExitDow Inc$0-18,776-0.01%
DD ExitDupont De Nemours Inc$0-18,054-0.01%
AAPL ExitApple Computer Inc$0-9,048-0.01%
FULT ExitFulton Finl Corp$0-117,184-0.01%
CFRUY ExitCompagnie Financiere Richemont$0-170,379-0.01%
ABBV ExitAbbVie Inc$0-12,610-0.01%
ExitDiageo PLC$0-33,086-0.01%
ExitReckitt Benckiser Group PLC$0-13,480-0.01%
HEINY ExitHeineken NV Spons ADR$0-31,127-0.01%
ABT ExitAbbott Labs$0-11,975-0.01%
PDRDY ExitPernod-Ricard SA-Unspon ADR$0-48,574-0.02%
PNC ExitPNC Bank Corp$0-16,988-0.02%
SWZ ExitSwiss Helvetia FD Inc$0-217,561-0.02%
GOOGL ExitAlphabet Inc Cl A$0-1,334-0.02%
COST ExitCostco Whsl Corp$0-5,393-0.02%
ExitLoreal SA$0-6,571-0.02%
ExitLindt & Spruengli AG - Reg$0-25-0.02%
DANOY ExitDanone ADR$0-185,318-0.02%
KO ExitCoca-Cola$0-52,672-0.02%
FMX ExitFomento Economico Mex Sp ADR$0-48,332-0.03%
ExitUnilever NV$0-46,250-0.03%
ExitAnheuser-Busch InBev SA Restri$0-51,578-0.03%
UNP ExitUnion Pac Corp$0-16,876-0.03%
PEP ExitPepsico Inc$0-23,662-0.03%
ExitHeineken NV$0-40,588-0.04%
DOV ExitDover Corp$0-39,160-0.04%
MLHR ExitHerman Miller Inc$0-142,772-0.04%
CR ExitCrane$0-92,618-0.04%
OUT ExitOutfront Media Inc$0-315,591-0.04%
ExitNestle SA-REG$0-42,250-0.05%
MKC ExitMcCormick Inc$0-26,771-0.05%
PG ExitProcter & Gamble$0-39,129-0.05%
XOM ExitExxon Mobil Corp$0-178,324-0.06%
MKL ExitMarkel Corp$0-7,127-0.07%
HRL ExitHormel Foods Corp$0-144,171-0.07%
AXP ExitAmerican Express$0-79,893-0.08%
VMC ExitVulcan Materials$0-66,279-0.09%
ExitDavide Campari-Milano NV$0-877,266-0.09%
ExitAshtead Group PLC$0-334,995-0.12%
ExitSwedish Match AB$0-154,765-0.12%
MO ExitAltria Group Inc$0-369,452-0.14%
DEO ExitDiageo PLC Sponsored ADR$0-190,486-0.26%
WFC ExitWells Fargo$0-1,583,309-0.36%
V ExitVisa Inc Cl A$0-472,931-0.92%
BFB ExitBrown-Forman Corp Cl B$0-1,321,658-0.97%
BFA ExitBrown-Forman Corp Cl A$0-3,306,343-2.21%
CMCSA ExitComcast Corp New Cl A$0-4,950,823-2.23%
ExitAnheuser-Busch InBev SA$0-6,105,623-3.22%
MLM ExitMartin Marietta Materials$0-1,500,938-3.43%
JPM ExitJ.P. Morgan Chase$0-3,776,377-3.53%
BRKB ExitBerkshire Hathaway Inc Cl B$0-2,116,145-4.38%
ExitCompagnie Financiere Richemont$0-7,384,381-4.82%
PM ExitPhilip Morris International In$0-8,248,722-6.01%
GOOG ExitAlphabet Inc Cl C$0-435,045-6.21%
ExitHeineken Holding NV$0-8,285,690-6.27%
ExitPernod Ricard$0-4,259,293-6.61%
UN ExitUnilever NV ADR$0-11,668,433-6.85%
BRKA ExitBerkshire Hathaway Inc Cl A$0-3,563-11.08%
NSRGY ExitNestle SA-Spons ADR$0-11,084,028-12.84%
MA ExitMastercard Inc Cl A$0-4,891,460-16.07%
Q3 2020
 Value Shares↓ Weighting
MA SellMastercard Inc Cl A$1,654,145,000
+3.5%
4,891,460
-9.5%
16.07%
-1.0%
NSRGY SellNestle SA-Spons ADR$1,321,826,000
+3.8%
11,084,028
-3.9%
12.84%
-0.7%
BRKA SellBerkshire Hathaway Inc Cl A$1,140,164,000
+18.1%
3,563
-1.4%
11.08%
+12.9%
UN SellUnilever NV ADR$704,773,000
+9.5%
11,668,433
-3.4%
6.85%
+4.8%
SellPernod Ricard$680,023,000
-2.4%
4,259,293
-3.8%
6.61%
-6.6%
SellHeineken Holding NV$645,642,000
-7.0%
8,285,690
-2.4%
6.27%
-11.1%
GOOG BuyAlphabet Inc Cl C$639,342,000
+7.5%
435,045
+3.4%
6.21%
+2.8%
PM SellPhilip Morris International In$618,572,000
+7.0%
8,248,722
-0.0%
6.01%
+2.3%
SellCompagnie Financiere Richemont$495,909,000
+0.0%
7,384,381
-5.0%
4.82%
-4.3%
BRKB BuyBerkshire Hathaway Inc Cl B$450,612,000
+23.8%
2,116,145
+3.8%
4.38%
+18.4%
JPM BuyJ.P. Morgan Chase$363,552,000
+6.8%
3,776,377
+4.3%
3.53%
+2.1%
MLM SellMartin Marietta Materials$353,261,000
+9.3%
1,500,938
-4.0%
3.43%
+4.6%
BuyAnheuser-Busch InBev SA$330,960,000
+12.2%
6,105,623
+1.9%
3.22%
+7.3%
CMCSA SellComcast Corp New Cl A$229,025,000
+13.5%
4,950,823
-4.4%
2.23%
+8.5%
BFA SellBrown-Forman Corp Cl A$227,080,000
+14.5%
3,306,343
-4.1%
2.21%
+9.5%
BFB SellBrown-Forman Corp Cl B$99,547,000
+9.2%
1,321,658
-7.7%
0.97%
+4.4%
V SellVisa Inc Cl A$94,572,000
+1.0%
472,931
-2.5%
0.92%
-3.4%
WFC SellWells Fargo$37,224,000
-8.9%
1,583,309
-0.8%
0.36%
-12.8%
DEO SellDiageo PLC Sponsored ADR$26,222,000
-12.3%
190,486
-14.4%
0.26%
-16.1%
MO SellAltria Group Inc$14,276,000
-3.9%
369,452
-2.4%
0.14%
-7.9%
SellSwedish Match AB$12,672,000
+4.6%
154,765
-10.2%
0.12%0.0%
BuyAshtead Group PLC$12,126,000
+4024.5%
334,995
+3728.5%
0.12%
+3833.3%
BuyDavide Campari-Milano NV$9,587,000
+30.8%
877,266
+0.8%
0.09%
+25.7%
VMC SellVulcan Materials$8,983,000
+16.3%
66,279
-0.6%
0.09%
+11.5%
AXP SellAmerican Express$8,009,000
-24.6%
79,893
-28.4%
0.08%
-27.8%
HRL SellHormel Foods Corp$7,049,000
+0.9%
144,171
-0.3%
0.07%
-4.2%
XOM SellExxon Mobil Corp$6,122,000
-23.5%
178,324
-0.3%
0.06%
-27.2%
PG SellProcter & Gamble$5,439,000
+16.1%
39,129
-0.2%
0.05%
+10.4%
MKC SellMcCormick Inc$5,196,000
+8.0%
26,771
-0.2%
0.05%
+2.0%
OUT SellOutfront Media Inc$4,592,000
+1.6%
315,591
-1.0%
0.04%
-2.2%
CR SellCrane$4,643,000
-18.5%
92,618
-3.3%
0.04%
-22.4%
MLHR SellHerman Miller Inc$4,306,000
+16.4%
142,772
-8.9%
0.04%
+10.5%
DOV SellDover Corp$4,243,000
+9.5%
39,160
-2.4%
0.04%
+5.1%
UNP BuyUnion Pac Corp$3,322,000
+16.9%
16,876
+0.4%
0.03%
+10.3%
PEP SellPepsico Inc$3,280,000
+4.8%
23,662
-0.1%
0.03%0.0%
BuyUnilever NV$2,793,000
+34.9%
46,250
+18.6%
0.03%
+28.6%
FMX SellFomento Economico Mex Sp ADR$2,716,000
-13.3%
48,332
-4.3%
0.03%
-18.8%
DANOY SellDanone ADR$2,400,000
-10.8%
185,318
-4.8%
0.02%
-14.8%
SellLoreal SA$2,139,000
-2.3%
6,571
-3.7%
0.02%
-4.5%
GOOGL SellAlphabet Inc Cl A$1,955,000
-5.8%
1,334
-8.8%
0.02%
-9.5%
COST SellCostco Whsl Corp$1,914,000
+16.5%
5,393
-0.5%
0.02%
+11.8%
SWZ NewSwiss Helvetia FD Inc$1,801,000217,5610.02%
PDRDY BuyPernod-Ricard SA-Unspon ADR$1,551,000
+2.8%
48,574
+1.3%
0.02%0.0%
SellReckitt Benckiser Group PLC$1,317,000
+4.3%
13,480
-2.0%
0.01%0.0%
ABT BuyAbbott Labs$1,303,000
+20.6%
11,975
+1.4%
0.01%
+18.2%
HEINY SellHeineken NV Spons ADR$1,385,000
-18.0%
31,127
-15.1%
0.01%
-23.5%
FULT SellFulton Finl Corp$1,093,000
-11.5%
117,184
-0.1%
0.01%
-15.4%
CFRUY BuyCompagnie Financiere Richemont$1,144,000
+11.9%
170,379
+6.3%
0.01%
+10.0%
SellDiageo PLC$1,133,000
-99.3%
33,086
-99.3%
0.01%
-99.3%
ABBV BuyAbbVie Inc$1,105,000
-10.6%
12,610
+0.1%
0.01%
-15.4%
AAPL BuyApple Computer Inc$1,048,000
+41.2%
9,048
+344.6%
0.01%
+25.0%
DD SellDupont De Nemours Inc$1,002,000
+0.8%
18,054
-3.5%
0.01%0.0%
BuyCarlsberg B A/S$943,000
+21.8%
6,996
+19.4%
0.01%
+12.5%
DOW BuyDow Inc$883,000
+17.0%
18,776
+1.4%
0.01%
+12.5%
SellLVMH Moet Hennessy Louis Vuitt$816,000
+3.8%
1,743
-2.8%
0.01%0.0%
DIS BuyDisney Walt Productions$646,000
+13.3%
5,203
+1.8%
0.01%0.0%
SellJC Decaux SA ACT$667,000
-40.4%
38,500
-36.1%
0.01%
-45.5%
CVX SellChevron Corp$646,000
-20.5%
8,970
-1.5%
0.01%
-25.0%
GHC SellGraham Holdings Co$468,000
+17.3%
1,159
-0.3%
0.01%
+25.0%
CTVA BuyCorteva Inc$455,000
+8.1%
15,780
+0.4%
0.00%0.0%
MTB BuyM & T Bk Corp$415,000
-10.6%
4,511
+1.2%
0.00%
-20.0%
TFC BuyTruist Financial Corp$398,000
+1.8%
10,463
+0.6%
0.00%0.0%
HKHHY NewHeineken Holding NV ADR$263,0006,7480.00%
MRK BuyMerck Inc$326,000
+7.2%
3,935
+0.2%
0.00%0.0%
TWNKW SellHostess Brands Inc Wts Exp 11/wts$176,000
-18.1%
215,000
-14.0%
0.00%0.0%
NKE NewNike Inc - Cl B$203,0001,6170.00%
RDSA SellRoyal Dutch Shell PLC ADR A$230,000
-25.8%
9,146
-3.7%
0.00%
-33.3%
ExitRoche Holding AG$0-635-0.00%
BAC ExitBank Amer Corp$0-48,975-0.01%
EVF ExitEaton Vance Sr Income TR SFsh ben int$0-306,404-0.02%
Q2 2020
 Value Shares↓ Weighting
MA NewMastercard Inc Cl A$1,598,871,0005,407,07016.24%
NSRGY NewNestle SA-Spons ADR$1,273,654,00011,532,54612.94%
BRKA NewBerkshire Hathaway Inc Cl A$965,755,0003,6139.81%
NewPernod Ricard$696,656,0004,428,9197.08%
NewHeineken Holding NV$694,399,0008,486,7567.06%
UN NewUnilever NV ADR$643,360,00012,077,3466.54%
GOOG NewAlphabet Inc Cl C$594,765,000420,7426.04%
PM NewPhilip Morris International In$578,019,0008,250,3385.87%
NewCompagnie Financiere Richemont$495,801,0007,772,9405.04%
BRKB NewBerkshire Hathaway Inc Cl B$364,023,0002,039,2283.70%
JPM NewJ.P. Morgan Chase$340,414,0003,619,1163.46%
MLM NewMartin Marietta Materials$323,062,0001,563,9363.28%
NewAnheuser-Busch InBev SA$295,058,0005,988,9683.00%
CMCSA NewComcast Corp New Cl A$201,832,0005,177,8272.05%
BFA NewBrown-Forman Corp Cl A$198,401,0003,446,2582.02%
NewDiageo PLC$159,470,0004,813,0741.62%
V NewVisa Inc Cl A$93,653,000484,8220.95%
BFB NewBrown-Forman Corp Cl B$91,181,0001,432,3110.93%
WFC NewWells Fargo$40,849,0001,595,6550.42%
DEO NewDiageo PLC Sponsored ADR$29,910,000222,5590.30%
MO NewAltria Group Inc$14,855,000378,4730.15%
NewSwedish Match AB$12,114,000172,3150.12%
AXP NewAmerican Express$10,619,000111,5480.11%
XOM NewExxon Mobil Corp$7,999,000178,8640.08%
VMC NewVulcan Materials$7,721,00066,6500.08%
NewDavide Campari-Milano NV$7,329,000870,0500.07%
HRL NewHormel Foods Corp$6,983,000144,6710.07%
MKL NewMarkel Corp$6,579,0007,1270.07%
CR NewCrane$5,694,00095,7680.06%
MKC NewMcCormick Inc$4,812,00026,8210.05%
PG NewProcter & Gamble$4,686,00039,1910.05%
NewNestle SA-REG$4,670,00042,2500.05%
OUT NewOutfront Media Inc$4,518,000318,8100.05%
DOV NewDover Corp$3,875,00040,1350.04%
NewHeineken NV$3,741,00040,5880.04%
MLHR NewHerman Miller Inc$3,700,000156,7310.04%
PEP NewPepsico Inc$3,131,00023,6750.03%
FMX NewFomento Economico Mex Sp ADR$3,131,00050,4990.03%
UNP NewUnion Pac Corp$2,841,00016,8020.03%
DANOY NewDanone ADR$2,692,000194,6400.03%
NewAnheuser-Busch InBev SA Restri$2,541,00051,5780.03%
KO NewCoca-Cola$2,353,00052,6720.02%
NewLoreal SA$2,189,0006,8210.02%
NewLindt & Spruengli AG - Reg$2,148,000250.02%
NewUnilever NV$2,070,00039,0000.02%
GOOGL NewAlphabet Inc Cl A$2,075,0001,4630.02%
PNC NewPNC Bank Corp$1,787,00016,9880.02%
EVF NewEaton Vance Sr Income TR SFsh ben int$1,633,000306,4040.02%
COST NewCostco Whsl Corp$1,643,0005,4190.02%
HEINY NewHeineken NV Spons ADR$1,689,00036,6470.02%
PDRDY NewPernod-Ricard SA-Unspon ADR$1,509,00047,9730.02%
NewReckitt Benckiser Group PLC$1,263,00013,7550.01%
FULT NewFulton Finl Corp$1,235,000117,2740.01%
ABBV NewAbbVie Inc$1,236,00012,5940.01%
BAC NewBank Amer Corp$1,163,00048,9750.01%
NewJC Decaux SA ACT$1,120,00060,2500.01%
ABT NewAbbott Labs$1,080,00011,8100.01%
DD NewDupont De Nemours Inc$994,00018,7140.01%
CFRUY NewCompagnie Financiere Richemont$1,022,000160,2110.01%
DOW NewDow Inc$755,00018,5220.01%
CVX NewChevron Corp$813,0009,1070.01%
NewLVMH Moet Hennessy Louis Vuitt$786,0001,7930.01%
NewCarlsberg B A/S$774,0005,8590.01%
AAPL NewApple Computer Inc$742,0002,0350.01%
MSFT NewMicrosoft Corp$701,0003,4450.01%
DIS NewDisney Walt Productions$570,0005,1130.01%
WMT NewWal Mart Stores Inc$549,0004,5800.01%
LAMR NewLamar Advertising Co-A$542,0008,1250.01%
MTB NewM & T Bk Corp$464,0004,4580.01%
GHC NewGraham Holdings Co$399,0001,1630.00%
TFC NewTruist Financial Corp$391,00010,4020.00%
CTVA NewCorteva Inc$421,00015,7150.00%
MCD NewMcDonalds Corp$433,0002,3450.00%
MRK NewMerck Inc$304,0003,9260.00%
CABO NewCable One Inc$298,0001680.00%
RDSA NewRoyal Dutch Shell PLC ADR A$310,0009,4960.00%
NewAshtead Group PLC$294,0008,7500.00%
NewRoche Holding AG$220,0006350.00%
TWNKW NewHostess Brands Inc Wts Exp 11/wts$215,000250,0000.00%
DHR NewDanaher Corp$236,0001,3330.00%
NewLT Group Inc$245,0001,525,0000.00%
PXD NewPioneer Nat Res$244,0002,5000.00%
ORCL NewOracle Corp$221,0004,0000.00%
NewHanjaya Mandala Sampoerna$115,0001,000,0000.00%
NewCir SPA$117,000251,2500.00%
NewBollore$42,00013,5000.00%
Q4 2019
 Value Shares↓ Weighting
ExitBollore$0-13,5000.00%
ExitPZ Cussons PLC$0-15,0000.00%
ExitHanjaya Mandala Sampoerna$0-687,500-0.00%
COTY ExitCoty Inc-CL A$0-14,500-0.00%
ExitCir SPA$0-125,000-0.00%
UNP ExitUnion Pac Corp$0-1,560-0.00%
Y ExitAlleghany Corp$0-324-0.00%
ExitShiseido Co Ltd$0-3,500-0.00%
ORCL ExitOracle Corp$0-4,000-0.00%
ExitGroupe Danone$0-3,205-0.00%
HKHHY ExitHeineken Holding NV ADR$0-6,422-0.00%
MRK ExitMerck Inc$0-2,781-0.00%
ExitRoche Holding AG$0-775-0.00%
ExitLVMH Moet Hennessy Louis Vuitt$0-629-0.00%
AIG ExitAmerican Intl Group Inc$0-5,735-0.00%
PXD ExitPioneer Nat Res$0-2,600-0.00%
CTVA ExitCorteva Inc$0-12,930-0.00%
TWNKW ExitHostess Brands Inc Wts Exp 11/wts$0-212,000-0.00%
SWMAY ExitSwedish Match AB Unspon ADR$0-16,650-0.00%
ExitLT Group Inc$0-1,250,000-0.00%
ORLY ExitO Reilly Automotive Inc$0-1,000-0.00%
SWGAY ExitThe Swatch Group AG ADR$0-39,490-0.00%
WMT ExitWal Mart Stores Inc$0-4,855-0.00%
BBT ExitBB&T Corp$0-10,250-0.00%
AAPL ExitApple Computer Inc$0-2,095-0.00%
ExitDavide Campari-Milano SPA$0-54,100-0.00%
MSFT ExitMicrosoft Corp$0-3,795-0.00%
DIS ExitDisney Walt Productions$0-4,323-0.00%
MCD ExitMcDonalds Corp$0-2,970-0.01%
LAMR ExitLamar Advertising Co-A$0-8,125-0.01%
MTB ExitM & T Bk Corp$0-4,337-0.01%
DOW ExitDow Inc$0-15,004-0.01%
ExitPargesa Holding AG - B$0-11,526-0.01%
ABBV ExitAbbVie Inc$0-13,010-0.01%
DD ExitDupont De Nemours Inc$0-15,147-0.01%
CVX ExitChevron Corp$0-9,048-0.01%
ABT ExitAbbott Labs$0-12,110-0.01%
JPM ExitJ.P. Morgan Chase$0-10,318-0.01%
CFRUY ExitCIE Financiere Richemont-Unsp$0-167,175-0.01%
BAC ExitBank Amer Corp$0-48,975-0.01%
PDRDY ExitPernod-Ricard SA-Unspon ADR$0-41,430-0.01%
ExitBIC$0-21,815-0.01%
HEINY ExitHeineken NV Spons ADR$0-28,257-0.01%
COST ExitCostco Whsl Corp$0-5,170-0.01%
ExitReckitt Benckiser Group PLC$0-20,417-0.01%
ExitLoreal SA$0-5,591-0.01%
EVF ExitEaton Vance Sr Income TR SFsh ben int$0-297,240-0.01%
FULT ExitFulton Finl Corp$0-117,524-0.02%
RDSA ExitRoyal Dutch Shell PLC ADR A$0-33,165-0.02%
ExitLindt & Spruengli AG - Reg$0-26-0.02%
GOOGL ExitAlphabet Inc Cl A$0-1,844-0.02%
ExitUnilever NV$0-39,000-0.02%
PNC ExitPNC Bank Corp$0-17,463-0.02%
PEP ExitPepsico Inc$0-25,745-0.03%
DOV ExitDover Corp$0-42,265-0.03%
MKC ExitMcCormick Inc$0-28,750-0.04%
ExitNestle SA-REG$0-42,250-0.04%
ExitAnheuser-Busch InBev SA Restri$0-49,357-0.04%
PG ExitProcter & Gamble$0-38,837-0.04%
ExitHeineken NV$0-45,738-0.04%
KO ExitCoca-Cola$0-105,567-0.04%
HRL ExitHormel Foods Corp$0-151,668-0.05%
MLHR ExitHerman Miller Inc$0-168,781-0.06%
CR ExitCrane$0-98,643-0.06%
VMC ExitVulcan Materials$0-57,292-0.07%
DANOY ExitDanone ADR$0-497,613-0.07%
ExitSwedish Match AB$0-216,025-0.07%
MKL ExitMarkel Corp$0-7,577-0.07%
OUT ExitOutfront Media Inc$0-328,187-0.07%
XOM ExitExxon Mobil Corp$0-148,974-0.08%
FMX ExitFomento Economico Mex Sp ADR$0-130,605-0.09%
AXP ExitAmerican Express$0-137,557-0.13%
DEO ExitDiageo PLC Sponsored ADR$0-235,970-0.30%
V ExitVisa Inc Cl A$0-502,580-0.67%
BFB ExitBrown-Forman Corp Cl B$0-1,803,190-0.88%
MO ExitAltria Group Inc$0-3,285,894-1.05%
ExitJC Decaux SA ACT$0-6,540,415-1.38%
ExitDiageo PLC$0-5,570,766-1.78%
BFA ExitBrown-Forman Corp Cl A$0-3,881,452-1.80%
CMCSA ExitComcast Corp New Cl A$0-5,905,493-2.07%
ExitThe Swatch Group AG-BR$0-1,087,030-2.25%
GOOG ExitAlphabet Inc Cl C$0-255,378-2.42%
BRKB ExitBerkshire Hathaway Inc Cl B$0-2,262,661-3.66%
MLM ExitMartin Marietta Materials$0-1,737,677-3.71%
WFC ExitWells Fargo$0-12,783,847-5.02%
PM ExitPhilip Morris International In$0-9,083,335-5.37%
ExitAnheuser-Busch InBev SA$0-7,737,938-5.74%
UN ExitUnilever NV ADR$0-12,641,082-5.91%
ExitCompagnie Financiere Richemont$0-10,411,579-5.95%
ExitPernod Ricard$0-4,938,362-6.85%
ExitHeineken Holding NV$0-9,145,887-7.09%
BRKA ExitBerkshire Hathaway Inc Cl A$0-3,926-9.53%
NSRGY ExitNestle SA-Spons ADR$0-13,036,690-11.00%
MA ExitMastercard Inc Cl A$0-6,672,200-14.10%
Q3 2019
 Value Shares↓ Weighting
MA SellMastercard Inc Cl A$1,811,969,000
-0.9%
6,672,200
-3.5%
14.10%
+1.4%
NSRGY SellNestle SA-Spons ADR$1,413,177,000
+2.1%
13,036,690
-2.6%
11.00%
+4.6%
BRKA SellBerkshire Hathaway Inc Cl A$1,224,252,000
-3.9%
3,926
-1.9%
9.53%
-1.6%
SellHeineken Holding NV$910,837,000
-7.6%
9,145,887
-2.4%
7.09%
-5.4%
SellPernod Ricard$879,713,000
-5.9%
4,938,362
-2.5%
6.85%
-3.7%
SellCompagnie Financiere Richemont$764,515,000
-15.8%
10,411,579
-2.6%
5.95%
-13.8%
UN SellUnilever NV ADR$758,844,000
-2.9%
12,641,082
-1.8%
5.91%
-0.6%
SellAnheuser-Busch InBev SA$737,466,000
+5.1%
7,737,938
-2.2%
5.74%
+7.7%
PM SellPhilip Morris International In$689,698,000
-5.7%
9,083,335
-2.5%
5.37%
-3.5%
WFC BuyWells Fargo$644,817,000
+7.8%
12,783,847
+1.2%
5.02%
+10.4%
MLM SellMartin Marietta Materials$476,297,000
+15.3%
1,737,677
-3.2%
3.71%
+18.1%
BRKB SellBerkshire Hathaway Inc Cl B$470,679,000
-5.4%
2,262,661
-3.0%
3.66%
-3.1%
GOOG BuyAlphabet Inc Cl C$311,306,000
+47.3%
255,378
+30.6%
2.42%
+50.8%
SellThe Swatch Group AG-BR$288,777,000
-9.9%
1,087,030
-2.8%
2.25%
-7.8%
CMCSA SellComcast Corp New Cl A$266,220,000
+4.0%
5,905,493
-2.5%
2.07%
+6.5%
BFA SellBrown-Forman Corp Cl A$231,917,000
+6.9%
3,881,452
-1.6%
1.80%
+9.5%
SellDiageo PLC$228,806,000
-7.2%
5,570,766
-2.7%
1.78%
-5.0%
SellJC Decaux SA ACT$177,118,000
-12.9%
6,540,415
-2.4%
1.38%
-10.7%
MO SellAltria Group Inc$134,393,000
-43.1%
3,285,894
-34.1%
1.05%
-41.8%
BFB SellBrown-Forman Corp Cl B$113,204,000
+7.8%
1,803,190
-4.8%
0.88%
+10.4%
V SellVisa Inc Cl A$86,449,000
-2.9%
502,580
-2.0%
0.67%
-0.6%
DEO SellDiageo PLC Sponsored ADR$38,586,000
-7.2%
235,970
-2.2%
0.30%
-5.1%
AXP SellAmerican Express$16,270,000
-5.5%
137,557
-1.3%
0.13%
-3.1%
FMX SellFomento Economico Mex Sp ADR$11,961,000
-6.5%
130,605
-1.2%
0.09%
-4.1%
XOM SellExxon Mobil Corp$10,519,000
-9.1%
148,974
-1.3%
0.08%
-6.8%
OUT BuyOutfront Media Inc$9,117,000
+8.0%
328,187
+0.3%
0.07%
+10.9%
MKL SellMarkel Corp$8,955,000
+7.0%
7,577
-1.4%
0.07%
+9.4%
SellSwedish Match AB$8,945,000
-5.1%
216,025
-3.2%
0.07%
-2.8%
DANOY SellDanone ADR$8,769,000
+3.2%
497,613
-0.6%
0.07%
+4.6%
VMC BuyVulcan Materials$8,665,000
+13.5%
57,292
+3.1%
0.07%
+15.5%
CR SellCrane$7,954,000
-4.3%
98,643
-1.0%
0.06%
-1.6%
MLHR SellHerman Miller Inc$7,779,000
+0.2%
168,781
-2.8%
0.06%
+3.4%
HRL SellHormel Foods Corp$6,632,000
+6.7%
151,668
-1.1%
0.05%
+10.6%
KO SellCoca-Cola$5,747,000
+6.5%
105,567
-0.4%
0.04%
+9.8%
PG SellProcter & Gamble$4,831,000
+12.2%
38,837
-1.1%
0.04%
+15.2%
SellHeineken NV$4,944,000
-3.8%
45,738
-0.5%
0.04%
-2.6%
MKC SellMcCormick Inc$4,494,000
+0.1%
28,750
-0.8%
0.04%
+2.9%
DOV SellDover Corp$4,208,000
-3.5%
42,265
-2.8%
0.03%0.0%
PEP SellPepsico Inc$3,530,000
+2.4%
25,745
-2.0%
0.03%
+3.8%
PNC SellPNC Bank Corp$2,448,000
+1.9%
17,463
-0.2%
0.02%
+5.6%
RDSA SellRoyal Dutch Shell PLC ADR A$1,952,000
-10.7%
33,165
-1.3%
0.02%
-11.8%
EVF SellEaton Vance Sr Income TR SFsh ben int$1,819,000
-3.3%
297,240
-1.6%
0.01%0.0%
HEINY SellHeineken NV Spons ADR$1,527,000
-3.7%
28,257
-0.4%
0.01%0.0%
BuyLoreal SA$1,566,000
+9.4%
5,591
+11.4%
0.01%
+9.1%
SellReckitt Benckiser Group PLC$1,596,000
-10.7%
20,417
-9.6%
0.01%
-14.3%
COST BuyCostco Whsl Corp$1,490,000
+10.7%
5,170
+1.5%
0.01%
+20.0%
PDRDY BuyPernod-Ricard SA-Unspon ADR$1,476,000
+15.0%
41,430
+19.1%
0.01%
+10.0%
CFRUY BuyCIE Financiere Richemont-Unsp$1,228,000
-3.3%
167,175
+11.8%
0.01%0.0%
JPM SellJ.P. Morgan Chase$1,214,000
-10.6%
10,318
-15.1%
0.01%
-10.0%
DD SellDupont De Nemours Inc$1,080,000
-6.0%
15,147
-1.0%
0.01%
-11.1%
CVX SellChevron Corp$1,073,000
-6.9%
9,048
-2.4%
0.01%
-11.1%
DOW SellDow Inc$715,000
-4.8%
15,004
-1.5%
0.01%0.0%
LAMR SellLamar Advertising Co-A$666,000
-1.6%
8,125
-3.1%
0.01%0.0%
MTB SellM & T Bk Corp$685,000
-12.2%
4,337
-5.4%
0.01%
-16.7%
SWGAY BuyThe Swatch Group AG ADR$525,000
+2.9%
39,490
+11.0%
0.00%0.0%
BBT BuyBB&T Corp$547,000
+9.2%
10,250
+0.5%
0.00%0.0%
DIS SellDisney Walt Productions$563,000
-8.0%
4,323
-1.4%
0.00%
-20.0%
BuyDavide Campari-Milano SPA$489,000
+77.8%
54,100
+92.9%
0.00%
+100.0%
CTVA SellCorteva Inc$362,000
-20.1%
12,930
-15.5%
0.00%0.0%
UNP SellUnion Pac Corp$253,000
-11.8%
1,560
-8.2%
0.00%0.0%
HKHHY NewHeineken Holding NV ADR$320,0006,4220.00%
SellLVMH Moet Hennessy Louis Vuitt$250,000
-7.1%
629
-0.2%
0.00%0.0%
COTY SellCoty Inc-CL A$152,000
-25.5%
14,500
-4.8%
0.00%
-50.0%
SellBollore$56,000
-57.9%
13,500
-55.0%
0.00%
-100.0%
BP ExitBP PLC ADR$0-5,099-0.00%
USB ExitUS Bancorp$0-4,314-0.00%
BUD ExitAnheuser-Busch InBev ADR$0-4,193-0.00%
Q2 2019
 Value Shares↓ Weighting
MA NewMastercard Inc Cl A$1,829,212,0006,914,95113.91%
NSRGY NewNestle SA-Spons ADR$1,383,514,00013,380,21310.52%
BRKA NewBerkshire Hathaway Inc Cl A$1,274,037,0004,0029.69%
NewHeineken Holding NV$985,249,0009,373,3927.49%
NewPernod Ricard$934,811,0005,065,5607.11%
NewCompagnie Financiere Richemont$907,942,00010,686,1896.90%
UN NewUnilever NV ADR$781,742,00012,874,5445.94%
PM NewPhilip Morris International In$731,723,0009,317,7485.56%
NewAnheuser-Busch InBev SA$701,370,0007,912,1985.33%
WFC NewWells Fargo$597,945,00012,636,2044.55%
BRKB NewBerkshire Hathaway Inc Cl B$497,286,0002,332,8143.78%
MLM NewMartin Marietta Materials$412,921,0001,794,4503.14%
NewThe Swatch Group AG-BR$320,516,0001,118,0792.44%
CMCSA NewComcast Corp New Cl A$255,997,0006,054,8121.95%
NewDiageo PLC$246,548,0005,724,5941.88%
MO NewAltria Group Inc$236,251,0004,989,4601.80%
BFA NewBrown-Forman Corp Cl A$216,921,0003,944,0191.65%
GOOG NewAlphabet Inc Cl C$211,355,000195,5341.61%
NewJC Decaux SA ACT$203,256,0006,699,7851.54%
BFB NewBrown-Forman Corp Cl B$104,990,0001,894,1060.80%
V NewVisa Inc Cl A$89,030,000512,9940.68%
DEO NewDiageo PLC Sponsored ADR$41,588,000241,3410.32%
AXP NewAmerican Express$17,211,000139,4300.13%
FMX NewFomento Economico Mex Sp ADR$12,787,000132,1670.10%
XOM NewExxon Mobil Corp$11,566,000150,9320.09%
NewSwedish Match AB$9,425,000223,0700.07%
DANOY NewDanone ADR$8,497,000500,7430.06%
OUT NewOutfront Media Inc$8,442,000327,3370.06%
MKL NewMarkel Corp$8,372,0007,6840.06%
CR NewCrane$8,314,00099,6430.06%
MLHR NewHerman Miller Inc$7,765,000173,7160.06%
VMC NewVulcan Materials$7,633,00055,5870.06%
HRL NewHormel Foods Corp$6,214,000153,2930.05%
KO NewCoca-Cola$5,398,000106,0170.04%
NewHeineken NV$5,140,00045,9880.04%
MKC NewMcCormick Inc$4,491,00028,9750.03%
NewNestle SA-REG$4,379,00042,2500.03%
NewAnheuser-Busch InBev SA Restri$4,375,00049,3570.03%
DOV NewDover Corp$4,359,00043,5010.03%
PG NewProcter & Gamble$4,307,00039,2780.03%
PEP NewPepsico Inc$3,446,00026,2760.03%
PNC NewPNC Bank Corp$2,402,00017,4960.02%
NewUnilever NV$2,379,00039,0000.02%
RDSA NewRoyal Dutch Shell PLC ADR A$2,187,00033,6150.02%
NewLindt & Spruengli AG - Reg$2,117,000260.02%
FULT NewFulton Finl Corp$1,924,000117,5240.02%
GOOGL NewAlphabet Inc Cl A$1,997,0001,8440.02%
NewReckitt Benckiser Group PLC$1,787,00022,5920.01%
EVF NewEaton Vance Sr Income TR SFsh ben int$1,882,000302,0950.01%
NewBIC$1,666,00021,8150.01%
HEINY NewHeineken NV Spons ADR$1,585,00028,3570.01%
BAC NewBank Amer Corp$1,420,00048,9750.01%
NewLoreal SA$1,431,0005,0180.01%
COST NewCostco Whsl Corp$1,346,0005,0920.01%
JPM NewJ.P. Morgan Chase$1,358,00012,1480.01%
CFRUY NewCIE Financiere Richemont-Unsp$1,270,000149,5200.01%
PDRDY NewPernod-Ricard SA-Unspon ADR$1,284,00034,8000.01%
DD NewDupont De Nemours Inc$1,149,00015,3060.01%
CVX NewChevron Corp$1,153,0009,2680.01%
ABT NewAbbott Labs$1,018,00012,1100.01%
ABBV NewAbbVie Inc$946,00013,0100.01%
NewPargesa Holding AG - B$890,00011,5260.01%
MTB NewM & T Bk Corp$780,0004,5860.01%
DOW NewDow Inc$751,00015,2390.01%
LAMR NewLamar Advertising Co-A$677,0008,3880.01%
MCD NewMcDonalds Corp$617,0002,9700.01%
DIS NewDisney Walt Productions$612,0004,3830.01%
SWGAY NewThe Swatch Group AG ADR$510,00035,5850.00%
MSFT NewMicrosoft Corp$508,0003,7950.00%
WMT NewWal Mart Stores Inc$536,0004,8550.00%
BBT NewBB&T Corp$501,00010,2000.00%
BUD NewAnheuser-Busch InBev ADR$371,0004,1930.00%
ORLY NewO Reilly Automotive Inc$369,0001,0000.00%
PXD NewPioneer Nat Res$400,0002,6000.00%
NewLT Group Inc$371,0001,250,0000.00%
AAPL NewApple Computer Inc$415,0002,0950.00%
TWNKW NewHostess Brands Inc Wts Exp 11/wts$403,000212,0000.00%
CTVA NewCorteva Inc$453,00015,3060.00%
SWMAY NewSwedish Match AB Unspon ADR$352,00016,6500.00%
UNP NewUnion Pac Corp$287,0001,7000.00%
NewGroupe Danone$272,0003,2050.00%
USB NewUS Bancorp$226,0004,3140.00%
NewLVMH Moet Hennessy Louis Vuitt$269,0006300.00%
BP NewBP PLC ADR$213,0005,0990.00%
MRK NewMerck Inc$233,0002,7810.00%
NewRoche Holding AG$218,0007750.00%
Y NewAlleghany Corp$221,0003240.00%
NewDavide Campari-Milano SPA$275,00028,0400.00%
ORCL NewOracle Corp$228,0004,0000.00%
COTY NewCoty Inc-CL A$204,00015,2250.00%
NewShiseido Co Ltd$264,0003,5000.00%
AIG NewAmerican Intl Group Inc$306,0005,7350.00%
NewHanjaya Mandala Sampoerna$153,000687,5000.00%
NewBollore$133,00030,0000.00%
NewCir SPA$134,000125,0000.00%
NewPZ Cussons PLC$41,00015,0000.00%
Q4 2018
 Value Shares↓ Weighting
ExitPZ Cussons PLC$0-15,0000.00%
ExitCir SPA$0-125,000-0.00%
ExitHanjaya Mandala Sampoerna$0-687,500-0.00%
ExitBollore$0-30,000-0.00%
COP ExitConocophillips$0-2,638-0.00%
TWNKW ExitHostess Brands Inc Wts Exp 11/wts$0-100,000-0.00%
ORCL ExitOracle Corp$0-4,000-0.00%
BP ExitBP PLC ADR$0-5,200-0.00%
Y ExitAlleghany Corp$0-324-0.00%
USB ExitUS Bancorp$0-4,314-0.00%
CC ExitChemours Co$0-6,466-0.00%
ExitGroupe Danone$0-3,275-0.00%
AIG ExitAmerican Intl Group Inc$0-5,735-0.00%
MMM Exit3M Company$0-1,140-0.00%
ExitShiseido Co Ltd$0-3,500-0.00%
UNP ExitUnion Pac Corp$0-1,910-0.00%
ExitLT Group Inc$0-1,000,000-0.00%
IBM ExitI B M$0-1,571-0.00%
COTY ExitCoty Inc-CL A$0-35,008-0.00%
WMT ExitWal Mart Stores Inc$0-5,055-0.00%
MSFT ExitMicrosoft Corp$0-3,795-0.00%
ORLY ExitO Reilly Automotive Inc$0-1,000-0.00%
PXD ExitPioneer Nat Res$0-2,600-0.00%
NLSN ExitNielsen Holdings PLC ORD$0-16,775-0.00%
MCD ExitMcDonalds Corp$0-2,965-0.00%
BBT ExitBB&T Corp$0-10,617-0.00%
AAPL ExitApple Computer Inc$0-2,595-0.00%
DIS ExitDisney Walt Productions$0-4,468-0.00%
APY ExitApergy Corp$0-14,512-0.01%
MTBWS ExitM&T Bank Corp Wts Exp 12/23/1wts$0-7,360-0.01%
LAMR ExitLamar Advertising Co-A$0-11,445-0.01%
ABT ExitAbbott Labs$0-13,960-0.01%
ExitPargesa Holding AG - B$0-11,776-0.01%
SWGAY ExitThe Swatch Group AG ADR$0-54,590-0.01%
ExitLoreal SA$0-4,680-0.01%
KHC ExitKraft Heinz Co$0-23,535-0.01%
JPM ExitJ.P. Morgan Chase$0-11,520-0.01%
COST ExitCostco Whsl Corp$0-5,227-0.01%
CVX ExitChevron Corp$0-10,663-0.01%
ABBV ExitAbbVie Inc$0-13,966-0.01%
BAC ExitBank Amer Corp$0-49,975-0.01%
PDRDY ExitPernod-Ricard SA-Unspon ADR$0-55,265-0.01%
CFRUY ExitCIE Financiere Richemont-Unsp$0-231,020-0.01%
HEINY ExitHeineken NV Spons ADR$0-41,177-0.01%
FULT ExitFulton Finl Corp$0-120,154-0.01%
EVF ExitEaton Vance Sr Income TR SFsh ben int$0-294,503-0.01%
ExitLindt & Spruengli AG - Reg$0-26-0.02%
ExitBIC$0-22,055-0.02%
ExitUnilever NV$0-39,000-0.02%
ExitReckitt Benckiser Group PLC$0-24,717-0.02%
GOOGL ExitAlphabet Inc Cl A$0-1,871-0.02%
PNC ExitPNC Bank Corp$0-19,568-0.02%
RDSA ExitRoyal Dutch Shell PLC ADR A$0-40,050-0.02%
DWDP ExitDowDupont Inc$0-47,631-0.02%
ExitNestle SA-REG$0-41,000-0.02%
PEP ExitPepsico Inc$0-31,975-0.03%
PG ExitProcter & Gamble$0-47,439-0.03%
ExitHeineken NV$0-45,988-0.03%
MKC ExitMcCormick Inc$0-32,805-0.03%
DOV ExitDover Corp$0-50,291-0.03%
ExitAnheuser-Busch InBev SA Restri$0-51,983-0.03%
KO ExitCoca-Cola$0-119,308-0.04%
VMC ExitVulcan Materials$0-55,415-0.04%
HRL ExitHormel Foods Corp$0-160,023-0.05%
MLHR ExitHerman Miller Inc$0-190,266-0.05%
OUT ExitOutfront Media Inc$0-457,996-0.07%
MKL ExitMarkel Corp$0-8,000-0.07%
CR ExitCrane$0-116,518-0.08%
DANOY ExitDanone ADR$0-828,970-0.09%
XOM ExitExxon Mobil Corp$0-154,948-0.10%
ExitSwedish Match AB$0-258,395-0.10%
FMX ExitFomento Economico Mex Sp ADR$0-162,402-0.12%
AXP ExitAmerican Express$0-177,446-0.14%
DEO ExitDiageo PLC Sponsored ADR$0-390,477-0.40%
GOOG ExitAlphabet Inc Cl C$0-57,351-0.50%
V ExitVisa Inc Cl A$0-616,572-0.67%
BFB ExitBrown-Forman Corp Cl B$0-2,512,409-0.92%
BFA ExitBrown-Forman Corp Cl A$0-4,295,327-1.58%
CMCSA ExitComcast Corp New Cl A$0-7,002,063-1.79%
ExitJC Decaux SA ACT$0-7,626,378-2.02%
ExitDiageo PLC$0-7,903,324-2.03%
MO ExitAltria Group Inc$0-5,448,807-2.38%
MLM ExitMartin Marietta Materials$0-1,987,280-2.62%
ExitThe Swatch Group AG-BR$0-1,196,589-3.46%
BRKB ExitBerkshire Hathaway Inc Cl B$0-2,551,745-3.95%
WFC ExitWells Fargo$0-13,376,592-5.08%
ExitAnheuser-Busch InBev SA$0-8,061,282-5.09%
UN ExitUnilever NV ADR$0-14,723,219-5.91%
PM ExitPhilip Morris International In$0-10,301,119-6.07%
ExitCompagnie Financiere Richemont$0-11,644,012-6.90%
ExitHeineken Holding NV$0-10,587,256-6.94%
ExitPernod Ricard$0-5,849,165-6.94%
NSRGY ExitNestle SA-Spons ADR$0-15,392,326-9.26%
BRKA ExitBerkshire Hathaway Inc Cl A$0-4,555-10.54%
MA ExitMastercard Inc Cl A$0-8,351,354-13.44%
Q3 2018
 Value Shares↓ Weighting
MA SellMastercard Inc Cl A$1,859,095,000
+9.2%
8,351,354
-3.6%
13.44%
+8.3%
BRKA SellBerkshire Hathaway Inc Cl A$1,457,600,000
+11.8%
4,555
-1.4%
10.54%
+10.8%
NSRGY SellNestle SA-Spons ADR$1,280,642,000
+5.4%
15,392,326
-1.9%
9.26%
+4.4%
SellPernod Ricard$959,965,000
-0.3%
5,849,165
-0.7%
6.94%
-1.2%
BuyHeineken Holding NV$959,174,000
-5.3%
10,587,256
+0.2%
6.94%
-6.1%
BuyCompagnie Financiere Richemont$953,646,000
-2.1%
11,644,012
+1.2%
6.90%
-3.0%
PM SellPhilip Morris International In$839,953,000
+0.1%
10,301,119
-0.9%
6.07%
-0.8%
UN SellUnilever NV ADR$817,875,000
-1.8%
14,723,219
-1.5%
5.91%
-2.7%
BuyAnheuser-Busch InBev SA$704,298,000
-13.4%
8,061,282
+0.1%
5.09%
-14.2%
WFC BuyWells Fargo$703,074,000
+3.3%
13,376,592
+9.0%
5.08%
+2.4%
BRKB BuyBerkshire Hathaway Inc Cl B$546,354,000
+15.8%
2,551,745
+1.0%
3.95%
+14.8%
BuyThe Swatch Group AG-BR$478,121,000
-12.4%
1,196,589
+4.0%
3.46%
-13.2%
MLM SellMartin Marietta Materials$361,586,000
-18.7%
1,987,280
-0.2%
2.62%
-19.4%
MO SellAltria Group Inc$328,618,000
+4.4%
5,448,807
-1.7%
2.38%
+3.5%
SellDiageo PLC$280,229,000
-2.7%
7,903,324
-1.4%
2.03%
-3.6%
SellJC Decaux SA ACT$279,028,000
+8.1%
7,626,378
-1.1%
2.02%
+7.2%
CMCSA SellComcast Corp New Cl A$247,943,000
+6.7%
7,002,063
-1.1%
1.79%
+5.8%
BFA SellBrown-Forman Corp Cl A$218,203,000
+3.7%
4,295,327
-0.3%
1.58%
+2.7%
BFB SellBrown-Forman Corp Cl B$127,002,000
-2.0%
2,512,409
-5.0%
0.92%
-3.0%
V SellVisa Inc Cl A$92,541,000
+12.0%
616,572
-1.2%
0.67%
+10.9%
GOOG BuyAlphabet Inc Cl C$68,447,000
+8.2%
57,351
+1.1%
0.50%
+7.1%
DEO SellDiageo PLC Sponsored ADR$55,319,000
-4.6%
390,477
-3.0%
0.40%
-5.4%
AXP SellAmerican Express$18,896,000
+6.9%
177,446
-1.6%
0.14%
+6.2%
FMX SellFomento Economico Mex Sp ADR$16,073,000
+11.6%
162,402
-1.0%
0.12%
+10.5%
SellSwedish Match AB$13,220,000
+2.6%
258,395
-0.5%
0.10%
+2.1%
XOM BuyExxon Mobil Corp$13,174,000
+3.2%
154,948
+0.4%
0.10%
+2.2%
DANOY SellDanone ADR$12,844,000
+3.2%
828,970
-2.2%
0.09%
+2.2%
CR SellCrane$11,460,000
+19.3%
116,518
-2.8%
0.08%
+18.6%
MKL SellMarkel Corp$9,508,000
+8.4%
8,000
-1.1%
0.07%
+7.8%
OUT BuyOutfront Media Inc$9,137,000
+3.2%
457,996
+0.6%
0.07%
+1.5%
MLHR SellHerman Miller Inc$7,306,000
+10.0%
190,266
-2.9%
0.05%
+10.4%
HRL BuyHormel Foods Corp$6,305,000
+6.8%
160,023
+0.9%
0.05%
+7.0%
VMC BuyVulcan Materials$6,162,000
-13.0%
55,415
+1.0%
0.04%
-13.5%
KO SellCoca-Cola$5,511,000
+3.0%
119,308
-2.2%
0.04%
+2.6%
DOV SellDover Corp$4,452,000
+18.6%
50,291
-1.9%
0.03%
+18.5%
MKC SellMcCormick Inc$4,322,000
+11.3%
32,805
-1.9%
0.03%
+10.7%
PG SellProcter & Gamble$3,948,000
+3.5%
47,439
-2.9%
0.03%
+3.6%
PEP SellPepsico Inc$3,575,000
+2.1%
31,975
-0.6%
0.03%0.0%
DWDP SellDowDupont Inc$3,063,000
-2.5%
47,631
-0.0%
0.02%
-4.3%
RDSA SellRoyal Dutch Shell PLC ADR A$2,729,000
-13.4%
40,050
-12.1%
0.02%
-13.0%
PNC SellPNC Bank Corp$2,665,000
-5.9%
19,568
-6.6%
0.02%
-9.5%
SellReckitt Benckiser Group PLC$2,261,000
+9.2%
24,717
-1.7%
0.02%
+6.7%
SellLindt & Spruengli AG - Reg$2,143,000
+4.5%
26
-3.7%
0.02%0.0%
BuyBIC$2,020,000
+3.5%
22,055
+4.7%
0.02%
+7.1%
FULT SellFulton Finl Corp$2,001,000
+0.9%
120,154
-0.1%
0.01%0.0%
HEINY BuyHeineken NV Spons ADR$1,931,000
-3.5%
41,177
+3.3%
0.01%
-6.7%
CFRUY BuyCIE Financiere Richemont-Unsp$1,892,000
+1.4%
231,020
+4.9%
0.01%0.0%
EVF BuyEaton Vance Sr Income TR SFsh ben int$1,900,000
+1.9%
294,503
+0.8%
0.01%0.0%
PDRDY BuyPernod-Ricard SA-Unspon ADR$1,814,000
+4.5%
55,265
+4.0%
0.01%0.0%
BAC BuyBank Amer Corp$1,472,000
+8.9%
49,975
+4.2%
0.01%
+10.0%
COST SellCostco Whsl Corp$1,228,000
+7.3%
5,227
-4.5%
0.01%
+12.5%
JPM BuyJ.P. Morgan Chase$1,300,000
+525.0%
11,520
+476.0%
0.01%
+350.0%
CVX SellChevron Corp$1,304,000
-6.5%
10,663
-3.4%
0.01%
-10.0%
SellLoreal SA$1,129,000
-5.0%
4,680
-2.7%
0.01%
-11.1%
SWGAY BuyThe Swatch Group AG ADR$1,091,000
-6.1%
54,590
+11.4%
0.01%0.0%
LAMR SellLamar Advertising Co-A$890,000
+9.1%
11,445
-4.2%
0.01%0.0%
APY SellApergy Corp$632,000
-38.6%
14,512
-41.1%
0.01%
-37.5%
DIS SellDisney Walt Productions$522,000
+8.3%
4,468
-2.9%
0.00%0.0%
AAPL BuyApple Computer Inc$586,000
+86.6%
2,595
+53.1%
0.00%
+100.0%
BBT BuyBB&T Corp$515,000
-3.6%
10,617
+0.4%
0.00%0.0%
MSFT SellMicrosoft Corp$434,000
+14.2%
3,795
-1.4%
0.00%0.0%
COTY SellCoty Inc-CL A$440,000
-11.1%
35,008
-0.2%
0.00%
-25.0%
WMT SellWal Mart Stores Inc$475,000
+4.6%
5,055
-4.5%
0.00%0.0%
NLSN SellNielsen Holdings PLC ORD$464,000
-21.0%
16,775
-11.6%
0.00%
-25.0%
ORLY SellO Reilly Automotive Inc$347,000
+15.3%
1,000
-9.1%
0.00%
+50.0%
IBM SellI B M$238,000
-69.1%
1,571
-71.5%
0.00%
-66.7%
MMM Sell3M Company$240,000
-14.3%
1,140
-20.0%
0.00%0.0%
BuyLT Group Inc$267,000
-15.8%
1,000,000
+7.0%
0.00%0.0%
BP BuyBP PLC ADR$240,000
+1.3%
5,200
+0.0%
0.00%0.0%
Y NewAlleghany Corp$211,0003240.00%
CC BuyChemours Co$255,000
-10.5%
6,466
+0.6%
0.00%0.0%
COP NewConocophillips$204,0002,6380.00%
TWNKW BuyHostess Brands Inc Wts Exp 11/wts$106,000
+8.2%
100,000
+73.9%
0.00%0.0%
ORCL NewOracle Corp$206,0004,0000.00%
SLB ExitSchlumberger LTD$0-4,225-0.00%
CSFL ExitCenterstate BKS FLA Inc$0-7,304-0.00%
JNJ ExitJohnson & Johnson$0-1,715-0.00%
JPMWS ExitJP Morgan Chase & Co WTS Exp 1wts$0-14,915-0.01%
WFCWS ExitWells Fargo WTS Exp 10/28/18wts$0-81,785-0.01%
ExitBritish American Tobacco PLC$0-1,254,227-0.46%
Q2 2018
 Value Shares↓ Weighting
MA NewMastercard Inc Cl A$1,701,791,0008,659,63312.42%
BRKA NewBerkshire Hathaway Inc Cl A$1,303,307,0004,6219.51%
NSRGY NewNestle SA-Spons ADR$1,215,216,00015,694,3798.87%
NewHeineken Holding NV$1,012,502,00010,562,7577.39%
NewCompagnie Financiere Richemont$974,573,00011,503,8267.11%
NewPernod Ricard$962,585,0005,893,1267.02%
PM NewPhilip Morris International In$839,489,00010,397,4386.13%
UN NewUnilever NV ADR$833,047,00014,950,6006.08%
NewAnheuser-Busch InBev SA$813,187,0008,051,9135.93%
WFC NewWells Fargo$680,458,00012,273,7774.97%
NewThe Swatch Group AG-BR$545,905,0001,150,6193.98%
BRKB NewBerkshire Hathaway Inc Cl B$471,785,0002,527,6483.44%
MLM NewMartin Marietta Materials$444,692,0001,991,1883.24%
MO NewAltria Group Inc$314,678,0005,541,0782.30%
NewDiageo PLC$287,938,0008,012,2542.10%
NewJC Decaux SA ACT$258,037,0007,711,3421.88%
CMCSA NewComcast Corp New Cl A$232,283,0007,079,6371.70%
BFA NewBrown-Forman Corp Cl A$210,460,0004,307,4091.54%
BFB NewBrown-Forman Corp Cl B$129,632,0002,645,0120.95%
V NewVisa Inc Cl A$82,650,000624,0120.60%
NewBritish American Tobacco PLC$63,421,0001,254,2270.46%
GOOG NewAlphabet Inc Cl C$63,284,00056,7240.46%
DEO NewDiageo PLC Sponsored ADR$57,986,000402,6550.42%
AXP NewAmerican Express$17,679,000180,4010.13%
FMX NewFomento Economico Mex Sp ADR$14,396,000163,9770.10%
NewSwedish Match AB$12,880,000259,6830.09%
XOM NewExxon Mobil Corp$12,771,000154,3660.09%
DANOY NewDanone ADR$12,449,000847,9800.09%
CR NewCrane$9,603,000119,8430.07%
OUT NewOutfront Media Inc$8,857,000455,3860.06%
MKL NewMarkel Corp$8,772,0008,0900.06%
VMC NewVulcan Materials$7,080,00054,8550.05%
MLHR NewHerman Miller Inc$6,641,000195,8910.05%
HRL NewHormel Foods Corp$5,902,000158,6010.04%
KO NewCoca-Cola$5,350,000121,9830.04%
NewAnheuser-Busch InBev SA Restri$5,249,00051,9830.04%
NewHeineken NV$4,619,00045,9880.03%
PG NewProcter & Gamble$3,813,00048,8420.03%
MKC NewMcCormick Inc$3,884,00033,4550.03%
DOV NewDover Corp$3,755,00051,2910.03%
PEP NewPepsico Inc$3,503,00032,1740.03%
RDSA NewRoyal Dutch Shell PLC ADR A$3,153,00045,5500.02%
NewNestle SA-REG$3,175,00041,0000.02%
DWDP NewDowDupont Inc$3,141,00047,6460.02%
PNC NewPNC Bank Corp$2,832,00020,9600.02%
NewUnilever NV$2,176,00039,0000.02%
NewLindt & Spruengli AG - Reg$2,050,000270.02%
NewReckitt Benckiser Group PLC$2,071,00025,1470.02%
HEINY NewHeineken NV Spons ADR$2,001,00039,8520.02%
GOOGL NewAlphabet Inc Cl A$2,113,0001,8710.02%
EVF NewEaton Vance Sr Income TR SFsh ben int$1,864,000292,2390.01%
FULT NewFulton Finl Corp$1,984,000120,2540.01%
NewBIC$1,952,00021,0550.01%
CFRUY NewCIE Financiere Richemont-Unsp$1,865,000220,1700.01%
WFCWS NewWells Fargo WTS Exp 10/28/18wts$1,801,00081,7850.01%
PDRDY NewPernod-Ricard SA-Unspon ADR$1,736,00053,1400.01%
KHC NewKraft Heinz Co$1,478,00023,5350.01%
CVX NewChevron Corp$1,395,00011,0330.01%
BAC NewBank Amer Corp$1,352,00047,9750.01%
NewLoreal SA$1,188,0004,8100.01%
ABBV NewAbbVie Inc$1,294,00013,9660.01%
SWGAY NewThe Swatch Group AG ADR$1,162,00048,9900.01%
APY NewApergy Corp$1,029,00024,6440.01%
COST NewCostco Whsl Corp$1,144,0005,4730.01%
NewPargesa Holding AG - B$997,00011,7760.01%
JPMWS NewJP Morgan Chase & Co WTS Exp 1wts$946,00014,9150.01%
LAMR NewLamar Advertising Co-A$816,00011,9450.01%
ABT NewAbbott Labs$851,00013,9600.01%
IBM NewI B M$769,0005,5030.01%
MTBWS NewM&T Bank Corp Wts Exp 12/23/1wts$709,0007,3600.01%
BBT NewBB&T Corp$534,00010,5780.00%
PXD NewPioneer Nat Res$492,0002,6000.00%
COTY NewCoty Inc-CL A$495,00035,0770.00%
DIS NewDisney Walt Productions$482,0004,6030.00%
NLSN NewNielsen Holdings PLC ORD$587,00018,9750.00%
WMT NewWal Mart Stores Inc$454,0005,2950.00%
MCD NewMcDonalds Corp$465,0002,9650.00%
MSFT NewMicrosoft Corp$380,0003,8500.00%
AAPL NewApple Computer Inc$314,0001,6950.00%
ORLY NewO Reilly Automotive Inc$301,0001,1000.00%
CC NewChemours Co$285,0006,4290.00%
CSFL NewCenterstate BKS FLA Inc$218,0007,3040.00%
UNP NewUnion Pac Corp$271,0001,9100.00%
USB NewUS Bancorp$216,0004,3140.00%
NewGroupe Danone$240,0003,2750.00%
MMM New3M Company$280,0001,4250.00%
SLB NewSchlumberger LTD$283,0004,2250.00%
BP NewBP PLC ADR$237,0005,1980.00%
AIG NewAmerican Intl Group Inc$304,0005,7350.00%
NewShiseido Co Ltd$278,0003,5000.00%
JNJ NewJohnson & Johnson$208,0001,7150.00%
JPM NewJ.P. Morgan Chase$208,0002,0000.00%
NewLT Group Inc$317,000935,0000.00%
NewHanjaya Mandala Sampoerna$172,000687,5000.00%
NewCir SPA$153,000125,0000.00%
NewBollore$140,00030,0000.00%
TWNKW NewHostess Brands Inc Wts Exp 11/wts$98,00057,5000.00%
NewPZ Cussons PLC$45,00015,0000.00%
Q4 2017
 Value Shares↓ Weighting
ExitPZ Cussons PLC$0-15,0000.00%
ExitCir SPA$0-125,000-0.00%
ExitHanjaya Mandala Sampoerna$0-687,500-0.00%
ExitBollore$0-30,000-0.00%
ExitIndivior PLC$0-23,837-0.00%
ORCL ExitOracle Corp$0-4,300-0.00%
ExitLT Group Inc$0-350,000-0.00%
PSX ExitPhillips 66$0-2,270-0.00%
ExitGroupe Danone$0-3,275-0.00%
ExitRoche Holding AG$0-1,179-0.00%
MON ExitMonsanto$0-2,425-0.00%
UNM ExitUnum Group$0-4,500-0.00%
ExitShiseido Co Ltd$0-5,800-0.00%
CSFL ExitCenterstate BKS FLA Inc$0-8,504-0.00%
ORLY ExitO Reilly Automotive Inc$0-1,100-0.00%
BUD ExitAnheuser-Busch InBev ADR$0-2,665-0.00%
AIG ExitAmerican Intl Group Inc$0-5,735-0.00%
COP ExitConocophillips$0-4,388-0.00%
UNP ExitUnion Pac Corp$0-2,410-0.00%
CC ExitChemours Co$0-6,779-0.00%
MMM Exit3M Company$0-1,525-0.00%
SLB ExitSchlumberger LTD$0-4,390-0.00%
PXD ExitPioneer Nat Res$0-2,700-0.00%
DIS ExitDisney Walt Productions$0-4,703-0.00%
WMT ExitWal Mart Stores Inc$0-7,009-0.00%
MCD ExitMcDonalds Corp$0-3,380-0.00%
COTY ExitCoty Inc-CL A$0-42,474-0.01%
BTI ExitBritish Amern Tob PLC ADR$0-12,572-0.01%
ExitA P Moller-Maersk A/S$0-425-0.01%
NLSN ExitNielsen Holdings PLC ORD$0-19,341-0.01%
LAMR ExitLamar Advertising Co-A$0-12,490-0.01%
COST ExitCostco Whsl Corp$0-5,318-0.01%
SWGAY ExitThe Swatch Group AG ADR$0-43,635-0.01%
ABT ExitAbbott Labs$0-16,500-0.01%
VMC ExitVulcan Materials$0-9,845-0.01%
ExitLoreal SA$0-5,150-0.01%
ExitPargesa Holding AG - B$0-13,026-0.01%
BAC ExitBank Amer Corp$0-46,975-0.01%
IBM ExitI B M$0-8,184-0.01%
BBT ExitBB&T Corp$0-26,967-0.01%
ABBV ExitAbbVie Inc$0-17,800-0.01%
KHC ExitKraft Heinz Co$0-22,535-0.01%
EVF ExitEaton Vance Sr Income TR SFsh ben int$0-287,323-0.01%
ExitLindt & Spruengli AG - Reg$0-27-0.01%
PDRDY ExitPernod-Ricard SA-Unspon ADR$0-65,650-0.01%
GOOGL ExitAlphabet Inc Cl A$0-2,097-0.01%
HEINY ExitHeineken NV Spons ADR$0-41,957-0.02%
CFRUY ExitCIE Financiere Richemont-Unsp$0-244,140-0.02%
ExitUnilever NV$0-39,000-0.02%
FULT ExitFulton Finl Corp$0-117,072-0.02%
ExitReckitt Benckiser Group PLC$0-26,217-0.02%
GOOG ExitAlphabet Inc Cl C$0-2,665-0.02%
ExitBIC$0-21,680-0.02%
CVX ExitChevron Corp$0-24,256-0.02%
WFCWS ExitWells Fargo WTS Exp 10/28/18wts$0-134,895-0.02%
MTBWS ExitM&T Bank Corp Wts Exp 12/23/1wts$0-34,930-0.02%
PNC ExitPNC Bank Corp$0-22,890-0.02%
RDSA ExitRoyal Dutch Shell PLC ADR A$0-53,825-0.02%
MKC ExitMcCormick Inc$0-33,655-0.02%
DWDP ExitDowDupont Inc$0-48,139-0.02%
ExitNestle SA-REG$0-41,000-0.02%
JPMWS ExitJP Morgan Chase & Co WTS Exp 1wts$0-67,800-0.03%
MSFT ExitMicrosoft Corp$0-49,400-0.03%
PEP ExitPepsico Inc$0-35,200-0.03%
ExitHeineken NV$0-49,688-0.04%
DOV ExitDover Corp$0-53,666-0.04%
HRL ExitHormel Foods Corp$0-159,273-0.04%
PG ExitProcter & Gamble$0-62,267-0.04%
ExitAnheuser-Busch InBev SA Restri$0-51,983-0.04%
KO ExitCoca-Cola$0-164,777-0.05%
MLHR ExitHerman Miller Inc$0-205,416-0.05%
OUT ExitOutfront Media Inc$0-325,815-0.06%
ExitSwedish Match AB$0-275,838-0.07%
CR ExitCrane$0-133,123-0.08%
MKL ExitMarkel Corp$0-10,908-0.08%
DANOY ExitDanone ADR$0-795,070-0.09%
SNI ExitScripps Networks Interactive C$0-147,901-0.09%
FMX ExitFomento Economico Mex Sp ADR$0-133,775-0.09%
XOM ExitExxon Mobil Corp$0-160,552-0.09%
AXP ExitAmerican Express$0-165,351-0.11%
V ExitVisa Inc Cl A$0-567,051-0.42%
DEO ExitDiageo PLC Sponsored ADR$0-461,365-0.43%
BFB ExitBrown-Forman Corp Cl B$0-1,528,826-0.59%
BFA ExitBrown-Forman Corp Cl A$0-4,441,151-1.75%
CMCSA ExitComcast Corp New Cl A$0-7,160,960-1.95%
ExitJC Decaux SA ACT$0-7,777,411-2.06%
ExitDiageo PLC$0-9,126,500-2.12%
ExitBritish American Tobacco PLC$0-5,295,611-2.35%
MO ExitAltria Group Inc$0-5,683,852-2.55%
MLM ExitMartin Marietta Materials$0-2,034,151-2.97%
ExitThe Swatch Group AG-BR$0-1,073,987-3.16%
BRKB ExitBerkshire Hathaway Inc Cl B$0-2,518,342-3.26%
WFC ExitWells Fargo$0-12,704,228-4.96%
ExitAnheuser-Busch InBev SA$0-7,063,655-5.98%
ExitPernod Ricard$0-6,270,809-6.14%
UN ExitUnilever NV ADR$0-15,026,289-6.28%
ExitHeineken Holding NV$0-10,980,972-7.30%
ExitCompagnie Financiere Richemont$0-11,871,712-7.68%
PM ExitPhilip Morris International In$0-10,190,340-8.00%
BRKA ExitBerkshire Hathaway Inc Cl A$0-4,815-9.36%
MA ExitMastercard Inc Cl A$0-9,501,788-9.49%
NSRGY ExitNestle SA-Spons ADR$0-16,090,733-9.56%
Q3 2017
 Value Shares↓ Weighting
NSRGY SellNestle SA-Spons ADR$1,351,782,000
-3.7%
16,090,733
-0.0%
9.56%
-7.7%
MA SellMastercard Inc Cl A$1,341,652,000
+15.6%
9,501,788
-0.6%
9.49%
+10.8%
BRKA SellBerkshire Hathaway Inc Cl A$1,322,873,000
+7.4%
4,815
-0.4%
9.36%
+3.0%
PM BuyPhilip Morris International In$1,131,230,000
-5.5%
10,190,340
+0.0%
8.00%
-9.4%
BuyCompagnie Financiere Richemont$1,085,827,000
+11.1%
11,871,712
+0.2%
7.68%
+6.5%
SellHeineken Holding NV$1,032,046,000
+2.0%
10,980,972
-0.7%
7.30%
-2.2%
UN SellUnilever NV ADR$887,152,000
+6.4%
15,026,289
-0.4%
6.28%
+2.0%
SellPernod Ricard$867,733,000
+3.4%
6,270,809
-0.0%
6.14%
-0.9%
BuyAnheuser-Busch InBev SA$845,921,000
+9.1%
7,063,655
+0.5%
5.98%
+4.5%
WFC BuyWells Fargo$700,638,000
-0.0%
12,704,228
+0.4%
4.96%
-4.2%
BRKB BuyBerkshire Hathaway Inc Cl B$461,662,000
+8.6%
2,518,342
+0.3%
3.26%
+4.1%
BuyThe Swatch Group AG-BR$447,088,000
+16.1%
1,073,987
+3.1%
3.16%
+11.3%
MLM BuyMartin Marietta Materials$419,503,000
+6.7%
2,034,151
+15.2%
2.97%
+2.3%
MO BuyAltria Group Inc$360,470,000
-9.5%
5,683,852
+6.3%
2.55%
-13.2%
BuyBritish American Tobacco PLC$331,939,000
-3.7%
5,295,611
+4.4%
2.35%
-7.7%
SellDiageo PLC$300,359,000
+11.3%
9,126,500
-0.4%
2.12%
+6.6%
BuyJC Decaux SA ACT$291,280,000
+23.9%
7,777,411
+8.4%
2.06%
+18.7%
CMCSA BuyComcast Corp New Cl A$275,554,000
-0.0%
7,160,960
+1.1%
1.95%
-4.2%
BFA SellBrown-Forman Corp Cl A$247,328,000
+11.6%
4,441,151
-1.2%
1.75%
+6.9%
BFB BuyBrown-Forman Corp Cl B$83,015,000
+17.9%
1,528,826
+5.5%
0.59%
+12.9%
DEO SellDiageo PLC Sponsored ADR$60,960,000
+7.8%
461,365
-2.2%
0.43%
+3.4%
V BuyVisa Inc Cl A$59,676,000
+13.2%
567,051
+0.9%
0.42%
+8.5%
AXP BuyAmerican Express$14,958,000
+7.7%
165,351
+0.3%
0.11%
+3.9%
XOM SellExxon Mobil Corp$13,162,000
+1.1%
160,552
-0.5%
0.09%
-3.1%
SNI SellScripps Networks Interactive C$12,703,000
-83.9%
147,901
-87.2%
0.09%
-84.5%
FMX SellFomento Economico Mex Sp ADR$12,780,000
-2.9%
133,775
-0.1%
0.09%
-7.2%
DANOY BuyDanone ADR$12,477,000
+5.2%
795,070
+0.6%
0.09%0.0%
MKL SellMarkel Corp$11,650,000
+7.4%
10,908
-1.8%
0.08%
+2.5%
CR SellCrane$10,649,000
-0.3%
133,123
-1.1%
0.08%
-5.1%
SellSwedish Match AB$9,655,000
-1.0%
275,838
-0.5%
0.07%
-5.6%
OUT BuyOutfront Media Inc$8,204,000
+14.2%
325,815
+4.9%
0.06%
+9.4%
KO SellCoca-Cola$7,417,000
-2.4%
164,777
-2.8%
0.05%
-7.1%
MLHR SellHerman Miller Inc$7,374,000
+18.0%
205,416
-0.0%
0.05%
+13.0%
PG SellProcter & Gamble$5,665,000
+0.9%
62,267
-3.3%
0.04%
-2.4%
HRL BuyHormel Foods Corp$5,119,000
-3.7%
159,273
+2.2%
0.04%
-7.7%
DOV SellDover Corp$4,905,000
+10.3%
53,666
-3.2%
0.04%
+6.1%
PEP SellPepsico Inc$3,922,000
-3.6%
35,200
-0.1%
0.03%
-6.7%
JPMWS SellJP Morgan Chase & Co WTS Exp 1wts$3,665,000
-7.1%
67,800
-13.5%
0.03%
-10.3%
MKC SellMcCormick Inc$3,454,000
+5.0%
33,655
-0.3%
0.02%0.0%
DWDP NewDowDupont Inc$3,333,00048,1390.02%
CVX SellChevron Corp$2,850,000
+5.6%
24,256
-6.2%
0.02%0.0%
GOOG BuyAlphabet Inc Cl C$2,556,000
+13.9%
2,665
+7.9%
0.02%
+5.9%
BuyBIC$2,599,000
+6.4%
21,680
+5.2%
0.02%0.0%
SellReckitt Benckiser Group PLC$2,396,000
-10.1%
26,217
-0.6%
0.02%
-15.0%
FULT BuyFulton Finl Corp$2,195,000
+36.2%
117,072
+38.0%
0.02%
+33.3%
CFRUY BuyCIE Financiere Richemont-Unsp$2,233,000
+13.9%
244,140
+2.7%
0.02%
+14.3%
HEINY SellHeineken NV Spons ADR$2,075,000
-3.2%
41,957
-5.0%
0.02%
-6.2%
GOOGL SellAlphabet Inc Cl A$2,042,000
+4.5%
2,097
-0.2%
0.01%0.0%
PDRDY BuyPernod-Ricard SA-Unspon ADR$1,817,000
+5.2%
65,650
+1.6%
0.01%0.0%
EVF BuyEaton Vance Sr Income TR SFsh ben int$1,902,000
+0.3%
287,323
+0.7%
0.01%
-7.1%
ABBV BuyAbbVie Inc$1,582,000
+34.6%
17,800
+9.9%
0.01%
+22.2%
BBT BuyBB&T Corp$1,266,000
+17.8%
26,967
+13.9%
0.01%
+12.5%
BAC SellBank Amer Corp$1,190,000
-0.1%
46,975
-4.3%
0.01%
-11.1%
IBM SellI B M$1,187,000
-13.6%
8,184
-8.4%
0.01%
-20.0%
VMC BuyVulcan Materials$1,177,000
+3.4%
9,845
+9.6%
0.01%0.0%
SellLoreal SA$1,095,000
+0.7%
5,150
-1.4%
0.01%0.0%
COST SellCostco Whsl Corp$874,000
-17.7%
5,318
-19.9%
0.01%
-25.0%
SWGAY BuyThe Swatch Group AG ADR$908,000
+17.2%
43,635
+4.1%
0.01%0.0%
ABT SellAbbott Labs$880,000
+9.0%
16,500
-0.6%
0.01%0.0%
BTI BuyBritish Amern Tob PLC ADR$785,000
-5.5%
12,572
+3.7%
0.01%0.0%
LAMR SellLamar Advertising Co-A$856,000
-12.1%
12,490
-5.7%
0.01%
-14.3%
COTY SellCoty Inc-CL A$702,000
-15.3%
42,474
-3.9%
0.01%
-16.7%
WMT SellWal Mart Stores Inc$548,000
-27.7%
7,009
-30.0%
0.00%
-33.3%
SellGroupe Danone$257,000
-4.1%
3,275
-8.4%
0.00%0.0%
COP SellConocophillips$220,000
+2.3%
4,388
-10.2%
0.00%0.0%
BUD SellAnheuser-Busch InBev ADR$318,000
-25.0%
2,665
-30.7%
0.00%
-33.3%
AIG SellAmerican Intl Group Inc$352,000
-6.1%
5,735
-4.4%
0.00%
-33.3%
SellIndivior PLC$109,000
+11.2%
23,837
-0.8%
0.00%0.0%
BuyLT Group Inc$121,000
+175.0%
350,000
+133.3%
0.00%
PSX NewPhillips 66$208,0002,2700.00%
Y ExitAlleghany Corp$0-391-0.00%
DD ExitDu Pont E I De Nemours$0-37,553-0.02%
Q2 2017
 Value Shares↓ Weighting
NSRGY NewNestle SA-Spons ADR$1,403,223,00016,092,00910.36%
BRKA NewBerkshire Hathaway Inc Cl A$1,231,220,0004,8349.09%
PM NewPhilip Morris International In$1,196,732,00010,189,2928.83%
MA NewMastercard Inc Cl A$1,160,905,0009,558,7058.57%
NewHeineken Holding NV$1,011,721,00011,053,5447.47%
NewCompagnie Financiere Richemont$977,402,00011,848,2197.21%
NewPernod Ricard$838,893,0006,273,0566.19%
UN NewUnilever NV ADR$833,548,00015,081,3826.15%
NewAnheuser-Busch InBev SA$775,486,0007,030,5345.72%
WFC NewWells Fargo$700,860,00012,648,6265.17%
BRKB NewBerkshire Hathaway Inc Cl B$425,071,0002,509,7183.14%
MO NewAltria Group Inc$398,139,0005,346,2972.94%
MLM NewMartin Marietta Materials$393,066,0001,765,9532.90%
NewThe Swatch Group AG-BR$385,107,0001,041,5072.84%
NewBritish American Tobacco PLC$344,783,0005,071,3082.54%
CMCSA NewComcast Corp New Cl A$275,634,0007,082,0672.03%
NewDiageo PLC$269,875,0009,158,6521.99%
NewJC Decaux SA ACT$235,084,0007,176,6821.74%
BFA NewBrown-Forman Corp Cl A$221,656,0004,496,0661.64%
SNI NewScripps Networks Interactive C$78,705,0001,152,1710.58%
BFB NewBrown-Forman Corp Cl B$70,397,0001,448,4950.52%
DEO NewDiageo PLC Sponsored ADR$56,532,000471,7700.42%
V NewVisa Inc Cl A$52,722,000562,1860.39%
AXP NewAmerican Express$13,884,000164,8120.10%
FMX NewFomento Economico Mex Sp ADR$13,164,000133,8600.10%
XOM NewExxon Mobil Corp$13,023,000161,3190.10%
DANOY NewDanone ADR$11,860,000790,0450.09%
MKL NewMarkel Corp$10,844,00011,1120.08%
CR NewCrane$10,682,000134,5730.08%
NewSwedish Match AB$9,753,000277,2430.07%
KO NewCoca-Cola$7,603,000169,5270.06%
OUT NewOutfront Media Inc$7,184,000310,7250.05%
MLHR NewHerman Miller Inc$6,248,000205,5160.05%
NewAnheuser-Busch InBev SA Restri$5,733,00051,9830.04%
PG NewProcter & Gamble$5,612,00064,3920.04%
HRL NewHormel Foods Corp$5,316,000155,8490.04%
NewHeineken NV$4,824,00049,6880.04%
DOV NewDover Corp$4,446,00055,4260.03%
PEP NewPepsico Inc$4,067,00035,2190.03%
JPMWS NewJP Morgan Chase & Co WTS Exp 1wts$3,944,00078,4200.03%
NewNestle SA-REG$3,573,00041,0000.03%
MSFT NewMicrosoft Corp$3,405,00049,4000.02%
MKC NewMcCormick Inc$3,291,00033,7550.02%
MTBWS NewM&T Bank Corp Wts Exp 12/23/1wts$3,076,00034,9300.02%
WFCWS NewWells Fargo WTS Exp 10/28/18wts$2,995,000134,8950.02%
DD NewDu Pont E I De Nemours$3,031,00037,5530.02%
PNC NewPNC Bank Corp$2,858,00022,8900.02%
RDSA NewRoyal Dutch Shell PLC ADR A$2,863,00053,8250.02%
NewReckitt Benckiser Group PLC$2,666,00026,3670.02%
CVX NewChevron Corp$2,698,00025,8560.02%
NewBIC$2,442,00020,6050.02%
GOOG NewAlphabet Inc Cl C$2,245,0002,4700.02%
NewUnilever NV$2,149,00039,0000.02%
HEINY NewHeineken NV Spons ADR$2,144,00044,1600.02%
GOOGL NewAlphabet Inc Cl A$1,954,0002,1020.01%
NewLindt & Spruengli AG - Reg$1,885,000270.01%
CFRUY NewCIE Financiere Richemont-Unsp$1,960,000237,6400.01%
EVF NewEaton Vance Sr Income TR SFsh ben int$1,897,000285,3300.01%
KHC NewKraft Heinz Co$1,930,00022,5350.01%
PDRDY NewPernod-Ricard SA-Unspon ADR$1,728,00064,6250.01%
FULT NewFulton Finl Corp$1,612,00084,8430.01%
IBM NewI B M$1,374,0008,9340.01%
ABBV NewAbbVie Inc$1,175,00016,2000.01%
BAC NewBank Amer Corp$1,191,00049,1000.01%
NewLoreal SA$1,087,0005,2250.01%
BBT NewBB&T Corp$1,075,00023,6760.01%
VMC NewVulcan Materials$1,138,0008,9850.01%
COST NewCostco Whsl Corp$1,062,0006,6430.01%
NewPargesa Holding AG - B$992,00013,0260.01%
LAMR NewLamar Advertising Co-A$974,00013,2400.01%
WMT NewWal Mart Stores Inc$758,00010,0190.01%
COTY NewCoty Inc-CL A$829,00044,2020.01%
ABT NewAbbott Labs$807,00016,6000.01%
NLSN NewNielsen Holdings PLC ORD$748,00019,3410.01%
BTI NewBritish Amern Tob PLC ADR$831,00012,1220.01%
NewA P Moller-Maersk A/S$810,0004250.01%
SWGAY NewThe Swatch Group AG ADR$775,00041,9100.01%
DIS NewDisney Walt Productions$500,0004,7030.00%
MCD NewMcDonalds Corp$518,0003,3800.00%
AIG NewAmerican Intl Group Inc$375,0006,0000.00%
BUD NewAnheuser-Busch InBev ADR$424,0003,8450.00%
PXD NewPioneer Nat Res$431,0002,7000.00%
SLB NewSchlumberger LTD$289,0004,3900.00%
NewShiseido Co Ltd$206,0005,8000.00%
Y NewAlleghany Corp$233,0003910.00%
CSFL NewCenterstate BKS FLA Inc$211,0008,5040.00%
CC NewChemours Co$257,0006,7790.00%
COP NewConocophillips$215,0004,8880.00%
MON NewMonsanto$287,0002,4250.00%
ORLY NewO Reilly Automotive Inc$241,0001,1000.00%
ORCL NewOracle Corp$216,0004,3000.00%
NewRoche Holding AG$301,0001,1790.00%
MMM New3M Company$317,0001,5250.00%
UNP NewUnion Pac Corp$262,0002,4100.00%
UNM NewUnum Group$210,0004,5000.00%
NewGroupe Danone$268,0003,5750.00%
NewIndivior PLC$98,00024,0370.00%
NewCir SPA$175,000125,0000.00%
NewBollore$136,00030,0000.00%
NewHanjaya Mandala Sampoerna$198,000687,5000.00%
NewPZ Cussons PLC$67,00015,0000.00%
NewLT Group Inc$44,000150,0000.00%
Q4 2016
 Value Shares↓ Weighting
ExitLT Group Inc$0-150,0000.00%
ExitPZ Cussons PLC$0-15,000-0.00%
ExitIndivior PLC$0-27,527-0.00%
ExitCir SPA$0-125,000-0.00%
CSFL ExitCenterstate BKS FLA Inc$0-10,004-0.00%
ExitBollore$0-30,000-0.00%
CSL ExitCarlisle Inc$0-2,500-0.00%
UNP ExitUnion Pac Corp$0-2,510-0.00%
GE ExitGeneral Electric$0-9,246-0.00%
MMM Exit3M Company$0-1,525-0.00%
Y ExitAlleghany Corp$0-421-0.00%
ExitGroupe Danone$0-3,575-0.00%
MAT ExitMattel Inc$0-6,625-0.00%
HTLD ExitHeartland Express Inc$0-12,499-0.00%
ExitHanjaya Mandala Sampoerna$0-687,500-0.00%
COP ExitConocophillips$0-4,888-0.00%
ORLY ExitO Reilly Automotive Inc$0-1,100-0.00%
SLB ExitSchlumberger LTD$0-5,300-0.00%
MCD ExitMcDonalds Corp$0-3,630-0.00%
AIG ExitAmerican Intl Group Inc$0-6,000-0.00%
SWGAY ExitThe Swatch Group AG ADR$0-36,650-0.00%
DIS ExitDisney Walt Productions$0-4,903-0.00%
PXD ExitPioneer Nat Res$0-2,700-0.00%
NLSN ExitNielsen Holdings PLC ORD$0-10,986-0.01%
VMC ExitVulcan Materials$0-4,900-0.01%
ABT ExitAbbott Labs$0-16,400-0.01%
BTI ExitBritish Amern Tob PLC ADR$0-5,496-0.01%
BAC ExitBank Amer Corp$0-51,100-0.01%
ExitA P Moller-Maersk A/S$0-559-0.01%
LAMR ExitLamar Advertising Co-A$0-13,985-0.01%
COST ExitCostco Whsl Corp$0-6,516-0.01%
ABBV ExitAbbVie Inc$0-17,106-0.01%
ExitLoreal SA$0-6,675-0.01%
ExitPargesa Holding AG - B$0-17,401-0.01%
CFRUY ExitCIE Financiere Richemont-Unsp$0-218,125-0.01%
FULT ExitFulton Finl Corp$0-93,443-0.01%
PDRDY ExitPernod-Ricard SA-Unspon ADR$0-56,225-0.01%
GOOG ExitAlphabet Inc Cl C$0-1,704-0.01%
GOOGL ExitAlphabet Inc Cl A$0-1,587-0.01%
BBT ExitBB&T Corp$0-37,787-0.01%
GS ExitGoldman Sachs Group Inc$0-9,393-0.01%
HEINY ExitHeineken NV Spons ADR$0-38,802-0.01%
IBM ExitI B M$0-10,749-0.01%
ExitUnilever NV$0-37,500-0.01%
WMT ExitWal Mart Stores Inc$0-22,775-0.01%
EVF ExitEaton Vance Sr Income TR SFsh ben int$0-286,696-0.02%
KHC ExitKraft Heinz Co$0-21,450-0.02%
PNC ExitPNC Bank Corp$0-23,810-0.02%
ExitLindt & Spruengli AG - Reg$0-34-0.02%
DD ExitDu Pont E I De Nemours$0-37,687-0.02%
ExitReckitt Benckiser Group PLC$0-29,537-0.02%
MSFT ExitMicrosoft Corp$0-50,550-0.02%
RDSA ExitRoyal Dutch Shell PLC ADR A$0-57,920-0.02%
ExitNestle SA-REG$0-41,310-0.03%
ExitBIC$0-21,725-0.03%
WFCWS ExitWells Fargo WTS Exp 10/28/18wts$0-268,000-0.03%
MKC ExitMcCormick Inc$0-35,005-0.03%
MTBWS ExitM&T Bank Corp Wts Exp 12/23/1wts$0-82,139-0.03%
CVX ExitChevron Corp$0-35,542-0.03%
ExitSABMiller PLC$0-65,760-0.03%
PEP ExitPepsico Inc$0-37,062-0.03%
ExitHeineken NV$0-49,788-0.04%
DOV ExitDover Corp$0-62,326-0.04%
JPMWS ExitJP Morgan Chase & Co WTS Exp 1wts$0-234,750-0.05%
OUT ExitOutfront Media Inc$0-250,700-0.05%
HRL ExitHormel Foods Corp$0-163,849-0.05%
MLHR ExitHerman Miller Inc$0-223,543-0.05%
PG ExitProcter & Gamble$0-78,792-0.06%
KO ExitCoca-Cola$0-185,892-0.06%
CR ExitCrane$0-153,741-0.08%
DANOY ExitDanone ADR$0-665,770-0.08%
ExitAnheuser-Busch InBev SA$0-76,260-0.08%
AXP ExitAmerican Express$0-155,638-0.08%
ExitSwedish Match AB$0-300,938-0.09%
MKL ExitMarkel Corp$0-11,987-0.09%
FMX ExitFomento Economico Mex Sp ADR$0-124,665-0.10%
XOM ExitExxon Mobil Corp$0-163,315-0.12%
V ExitVisa Inc Cl A$0-542,014-0.37%
DEO ExitDiageo PLC Sponsored ADR$0-482,019-0.46%
BFB ExitBrown-Forman Corp Cl B$0-1,255,769-0.50%
SNI ExitScripps Networks Interactive C$0-1,178,056-0.62%
ExitJC Decaux SA ACT$0-6,291,096-1.69%
BFA ExitBrown-Forman Corp Cl A$0-4,729,714-1.96%
CMCSA ExitComcast Corp New Cl A$0-3,780,163-2.09%
ExitDiageo PLC$0-9,351,031-2.23%
ExitThe Swatch Group AG-BR$0-977,574-2.30%
ExitBritish American Tobacco PLC$0-5,057,949-2.70%
MLM ExitMartin Marietta Materials$0-2,069,336-3.08%
MO ExitAltria Group Inc$0-5,893,334-3.10%
BRKB ExitBerkshire Hathaway Inc Cl B$0-2,591,501-3.12%
UN ExitUnilever NV ADR$0-14,322,660-5.49%
WFC ExitWells Fargo$0-15,808,558-5.82%
ExitCompagnie Financiere Richemont$0-11,931,897-6.06%
ExitPernod Ricard$0-6,296,414-6.20%
BUD ExitAnheuser-Busch InBev ADR$0-6,592,165-7.21%
ExitHeineken Holding NV$0-10,808,907-7.21%
MA ExitMastercard Inc Cl A$0-9,775,132-8.28%
PM ExitPhilip Morris International In$0-10,314,013-8.34%
BRKA ExitBerkshire Hathaway Inc Cl A$0-4,984-8.97%
NSRGY ExitNestle SA-Spons ADR$0-15,816,601-10.39%
Q3 2016
 Value Shares↓ Weighting
NSRGY SellNestle SA-Spons ADR$1,248,980,000
+2.2%
15,816,601
-0.1%
10.39%
+1.6%
BRKA SellBerkshire Hathaway Inc Cl A$1,077,640,000
-0.6%
4,984
-0.3%
8.97%
-1.3%
PM SellPhilip Morris International In$1,002,728,000
-6.0%
10,314,013
-1.7%
8.34%
-6.6%
MA BuyMastercard Inc Cl A$994,815,000
+16.0%
9,775,132
+0.4%
8.28%
+15.2%
SellHeineken Holding NV$867,056,000
-1.4%
10,808,907
-0.1%
7.21%
-2.0%
BUD BuyAnheuser-Busch InBev ADR$866,276,000
+0.8%
6,592,165
+1.0%
7.21%
+0.1%
SellPernod Ricard$745,447,000
+6.4%
6,296,414
-0.1%
6.20%
+5.7%
BuyCompagnie Financiere Richemont$728,665,000
+7.2%
11,931,897
+2.2%
6.06%
+6.5%
WFC BuyWells Fargo$700,003,000
-2.6%
15,808,558
+4.1%
5.82%
-3.2%
UN BuyUnilever NV ADR$660,275,000
-1.8%
14,322,660
+0.0%
5.49%
-2.4%
BRKB BuyBerkshire Hathaway Inc Cl B$374,394,000
+0.0%
2,591,501
+0.3%
3.12%
-0.6%
MO SellAltria Group Inc$372,636,000
-8.8%
5,893,334
-0.6%
3.10%
-9.4%
MLM SellMartin Marietta Materials$370,639,000
-7.4%
2,069,336
-0.8%
3.08%
-8.1%
SellBritish American Tobacco PLC$323,915,000
-1.7%
5,057,949
-0.6%
2.70%
-2.3%
BuyThe Swatch Group AG-BR$277,016,000
-1.2%
977,574
+1.3%
2.30%
-1.8%
BuyDiageo PLC$268,509,000
+3.2%
9,351,031
+0.2%
2.23%
+2.5%
CMCSA SellComcast Corp New Cl A$250,776,000
+0.8%
3,780,163
-0.9%
2.09%
+0.2%
BFA BuyBrown-Forman Corp Cl A$235,303,000
-9.5%
4,729,714
+96.4%
1.96%
-10.1%
BuyJC Decaux SA ACT$203,473,000
-0.2%
6,291,096
+4.2%
1.69%
-0.8%
SNI SellScripps Networks Interactive C$74,795,000
+1.8%
1,178,056
-0.2%
0.62%
+1.0%
BFB BuyBrown-Forman Corp Cl B$59,574,000
+1.3%
1,255,769
+113.1%
0.50%
+0.8%
DEO BuyDiageo PLC Sponsored ADR$55,933,000
+4.1%
482,019
+1.2%
0.46%
+3.3%
V BuyVisa Inc Cl A$44,825,000
+11.7%
542,014
+0.2%
0.37%
+11.0%
XOM SellExxon Mobil Corp$14,254,000
-9.0%
163,315
-2.3%
0.12%
-9.2%
FMX BuyFomento Economico Mex Sp ADR$11,474,000
+0.3%
124,665
+0.8%
0.10%
-1.0%
MKL SellMarkel Corp$11,133,000
-4.8%
11,987
-2.3%
0.09%
-5.1%
SellSwedish Match AB$11,058,000
+5.5%
300,938
-0.9%
0.09%
+4.5%
NewAnheuser-Busch InBev SA$9,993,00076,2600.08%
AXP BuyAmerican Express$9,967,000
+6.6%
155,638
+1.2%
0.08%
+6.4%
DANOY SellDanone ADR$9,884,000
+5.2%
665,770
-0.2%
0.08%
+3.8%
CR SellCrane$9,687,000
+9.2%
153,741
-1.7%
0.08%
+9.5%
KO SellCoca-Cola$7,867,000
-12.0%
185,892
-5.7%
0.06%
-13.3%
PG SellProcter & Gamble$7,072,000
+4.3%
78,792
-1.6%
0.06%
+3.5%
MLHR SellHerman Miller Inc$6,393,000
-5.8%
223,543
-1.5%
0.05%
-7.0%
HRL SellHormel Foods Corp$6,215,000
+2.4%
163,849
-1.2%
0.05%
+2.0%
OUT BuyOutfront Media Inc$5,929,000
-1.7%
250,700
+0.4%
0.05%
-3.9%
JPMWS BuyJP Morgan Chase & Co WTS Exp 1wts$5,782,000
+22.4%
234,750
+0.6%
0.05%
+20.0%
DOV BuyDover Corp$4,590,000
+10.2%
62,326
+3.7%
0.04%
+8.6%
PEP BuyPepsico Inc$4,031,000
+8.2%
37,062
+5.4%
0.03%
+9.7%
SellSABMiller PLC$3,840,000
-2.8%
65,760
-2.7%
0.03%
-3.0%
CVX SellChevron Corp$3,658,000
-9.5%
35,542
-7.8%
0.03%
-11.8%
MKC SellMcCormick Inc$3,498,000
-12.4%
35,005
-6.5%
0.03%
-12.1%
WFCWS BuyWells Fargo WTS Exp 10/28/18wts$3,345,000
-4.8%
268,000
+3.9%
0.03%
-3.4%
SellBIC$3,214,000
+3.7%
21,725
-1.1%
0.03%
+3.8%
RDSA SellRoyal Dutch Shell PLC ADR A$2,900,000
-10.3%
57,920
-1.1%
0.02%
-11.1%
MSFT BuyMicrosoft Corp$2,912,000
+13.5%
50,550
+0.8%
0.02%
+14.3%
SellReckitt Benckiser Group PLC$2,787,000
-6.7%
29,537
-1.0%
0.02%
-8.0%
DD SellDu Pont E I De Nemours$2,524,000
+3.3%
37,687
-0.1%
0.02%
+5.0%
PNC BuyPNC Bank Corp$2,145,000
+62.6%
23,810
+46.9%
0.02%
+63.6%
EVF SellEaton Vance Sr Income TR SFsh ben int$1,846,000
+6.6%
286,696
-0.5%
0.02%0.0%
HEINY BuyHeineken NV Spons ADR$1,707,000
-3.2%
38,802
+1.1%
0.01%
-6.7%
IBM SellI B M$1,707,000
-0.2%
10,749
-4.7%
0.01%0.0%
WMT SellWal Mart Stores Inc$1,643,000
-15.7%
22,775
-14.6%
0.01%
-12.5%
BBT SellBB&T Corp$1,425,000
-3.5%
37,787
-8.9%
0.01%0.0%
CFRUY BuyCIE Financiere Richemont-Unsp$1,332,000
+6.1%
218,125
+1.2%
0.01%0.0%
PDRDY SellPernod-Ricard SA-Unspon ADR$1,331,000
+5.7%
56,225
-0.7%
0.01%0.0%
FULT BuyFulton Finl Corp$1,357,000
+187.5%
93,443
+167.5%
0.01%
+175.0%
SellLoreal SA$1,261,000
-1.9%
6,675
-0.7%
0.01%
-9.1%
LAMR SellLamar Advertising Co-A$913,000
-6.1%
13,985
-4.6%
0.01%0.0%
SellA P Moller-Maersk A/S$785,000
+8.7%
559
-3.0%
0.01%
+16.7%
BTI SellBritish Amern Tob PLC ADR$702,000
-1.7%
5,496
-0.4%
0.01%0.0%
VMC NewVulcan Materials$557,0004,9000.01%
SLB NewSchlumberger LTD$417,0005,3000.00%
MCD SellMcDonalds Corp$419,000
-4.3%
3,630
-0.3%
0.00%
-25.0%
CSL SellCarlisle Inc$256,000
-10.2%
2,500
-7.4%
0.00%0.0%
JNJ ExitJohnson & Johnson$0-2,050-0.00%
USB ExitUS Bancorp$0-6,000-0.00%
GD ExitGeneral Dynamics Corp$0-1,600-0.00%
ORCL ExitOracle Corp$0-5,000-0.00%
BP ExitBP PLC ADR$0-5,696-0.00%
PX ExitPraxair Inc$0-2,900-0.00%
PFE ExitPfizer Inc$0-19,900-0.01%
ExitAnheuser-Busch InBev$0-15,000-0.02%
Q2 2016
 Value Shares↓ Weighting
NSRGY NewNestle SA-Spons ADR$1,221,852,00015,839,36510.23%
BRKA NewBerkshire Hathaway Inc Cl A$1,084,658,0004,9999.08%
PM NewPhilip Morris International In$1,067,131,00010,490,8648.94%
NewHeineken Holding NV$879,175,00010,817,0057.36%
BUD NewAnheuser-Busch InBev ADR$859,560,0006,527,6447.20%
MA NewMastercard Inc Cl A$857,665,0009,739,5517.18%
WFC NewWells Fargo$718,697,00015,184,8146.02%
NewPernod Ricard$700,890,0006,302,6195.87%
NewCompagnie Financiere Richemont$679,967,00011,672,6705.70%
UN NewUnilever NV ADR$672,245,00014,321,3775.63%
MO NewAltria Group Inc$408,697,0005,926,5853.42%
MLM NewMartin Marietta Materials$400,427,0002,085,5583.35%
BRKB NewBerkshire Hathaway Inc Cl B$374,211,0002,584,5093.13%
NewBritish American Tobacco PLC$329,367,0005,087,4702.76%
NewThe Swatch Group AG-BR$280,297,000964,8962.35%
BFA NewBrown-Forman Corp Cl A$260,122,0002,407,8652.18%
NewDiageo PLC$260,177,0009,327,9512.18%
CMCSA NewComcast Corp New Cl A$248,710,0003,815,1502.08%
NewJC Decaux SA ACT$203,858,0006,039,1091.71%
SNI NewScripps Networks Interactive C$73,497,0001,180,3020.62%
BFB NewBrown-Forman Corp Cl B$58,795,000589,3640.49%
DEO NewDiageo PLC Sponsored ADR$53,745,000476,1240.45%
V NewVisa Inc Cl A$40,134,000541,1060.34%
XOM NewExxon Mobil Corp$15,664,000167,1010.13%
MKL NewMarkel Corp$11,693,00012,2720.10%
FMX NewFomento Economico Mex Sp ADR$11,444,000123,7350.10%
NewSwedish Match AB$10,482,000303,6380.09%
DANOY NewDanone ADR$9,397,000666,9700.08%
AXP NewAmerican Express$9,348,000153,8480.08%
KO NewCoca-Cola$8,935,000197,1070.08%
CR NewCrane$8,868,000156,3410.07%
PG NewProcter & Gamble$6,779,00080,0620.06%
MLHR NewHerman Miller Inc$6,786,000227,0430.06%
HRL NewHormel Foods Corp$6,070,000165,8490.05%
OUT NewOutfront Media Inc$6,034,000249,6300.05%
JPMWS NewJP Morgan Chase & Co WTS Exp 1wts$4,723,000233,2500.04%
NewHeineken NV$4,578,00049,7880.04%
DOV NewDover Corp$4,164,00060,0760.04%
CVX NewChevron Corp$4,040,00038,5390.03%
NewSABMiller PLC$3,949,00067,6070.03%
MKC NewMcCormick Inc$3,995,00037,4550.03%
PEP NewPepsico Inc$3,724,00035,1480.03%
MTBWS NewM&T Bank Corp Wts Exp 12/23/1wts$3,566,00082,1390.03%
WFCWS NewWells Fargo WTS Exp 10/28/18wts$3,514,000258,0000.03%
NewNestle SA-REG$3,187,00041,3100.03%
RDSA NewRoyal Dutch Shell PLC ADR A$3,233,00058,5450.03%
NewBIC$3,099,00021,9750.03%
NewReckitt Benckiser Group PLC$2,987,00029,8370.02%
MSFT NewMicrosoft Corp$2,566,00050,1500.02%
DD NewDu Pont E I De Nemours$2,444,00037,7160.02%
NewLindt & Spruengli AG - Reg$2,429,000340.02%
NewAnheuser-Busch InBev$1,960,00015,0000.02%
KHC NewKraft Heinz Co$1,898,00021,4500.02%
WMT NewWal Mart Stores Inc$1,948,00026,6750.02%
HEINY NewHeineken NV Spons ADR$1,764,00038,3620.02%
EVF NewEaton Vance Sr Income TR SFsh ben int$1,732,000288,2450.02%
NewUnilever NV$1,746,00037,5000.02%
IBM NewI B M$1,711,00011,2740.01%
BBT NewBB&T Corp$1,477,00041,4800.01%
GS NewGoldman Sachs Group Inc$1,396,0009,3930.01%
PDRDY NewPernod-Ricard SA-Unspon ADR$1,259,00056,6250.01%
CFRUY NewCIE Financiere Richemont-Unsp$1,255,000215,5000.01%
NewLoreal SA$1,285,0006,7250.01%
PNC NewPNC Bank Corp$1,319,00016,2100.01%
GOOG NewAlphabet Inc Cl C$1,179,0001,7040.01%
NewPargesa Holding AG - B$1,147,00017,4010.01%
COST NewCostco Whsl Corp$1,023,0006,5160.01%
GOOGL NewAlphabet Inc Cl A$1,117,0001,5870.01%
ABBV NewAbbVie Inc$1,059,00017,1060.01%
LAMR NewLamar Advertising Co-A$972,00014,6600.01%
BAC NewBank Amer Corp$678,00051,1000.01%
NewA P Moller-Maersk A/S$722,0005760.01%
PFE NewPfizer Inc$701,00019,9000.01%
BTI NewBritish Amern Tob PLC ADR$714,0005,5160.01%
NLSN NewNielsen Holdings PLC ORD$571,00010,9860.01%
ABT NewAbbott Labs$645,00016,4000.01%
MCD NewMcDonalds Corp$438,0003,6400.00%
DIS NewDisney Walt Productions$480,0004,9030.00%
SWGAY NewThe Swatch Group AG ADR$532,00036,6500.00%
FULT NewFulton Finl Corp$472,00034,9300.00%
AIG NewAmerican Intl Group Inc$317,0006,0000.00%
PX NewPraxair Inc$326,0002,9000.00%
PXD NewPioneer Nat Res$408,0002,7000.00%
UNP NewUnion Pac Corp$219,0002,5100.00%
ORLY NewO Reilly Automotive Inc$298,0001,1000.00%
ORCL NewOracle Corp$205,0005,0000.00%
JNJ NewJohnson & Johnson$249,0002,0500.00%
HTLD NewHeartland Express Inc$217,00012,4990.00%
GE NewGeneral Electric$291,0009,2460.00%
MMM New3M Company$267,0001,5250.00%
USB NewUS Bancorp$242,0006,0000.00%
GD NewGeneral Dynamics Corp$223,0001,6000.00%
MAT NewMattel Inc$207,0006,6250.00%
NewHanjaya Mandala Sampoerna$198,000687,5000.00%
NewGroupe Danone$252,0003,5750.00%
COP NewConocophillips$213,0004,8880.00%
CSL NewCarlisle Inc$285,0002,7000.00%
BP NewBP PLC ADR$202,0005,6960.00%
Y NewAlleghany Corp$231,0004210.00%
NewBollore$102,00030,0000.00%
NewIndivior PLC$92,00027,5270.00%
NewCir SPA$135,000125,0000.00%
CSFL NewCenterstate BKS FLA Inc$158,00010,0040.00%
NewPZ Cussons PLC$66,00015,0000.00%
NewLT Group Inc$51,000150,0000.00%
Q4 2015
 Value Shares↓ Weighting
ExitLT Group Inc$0-150,0000.00%
ExitBollore$0-30,000-0.00%
ExitIndivior PLC$0-27,982-0.00%
ExitCir SPA$0-125,000-0.00%
CSFL ExitCenterstate BKS FLA Inc$0-11,004-0.00%
ExitPimco High Yield Fun-Instlsh ben int$0-11,116-0.00%
ExitPZ Cussons PLC$0-15,000-0.00%
HTLD ExitHeartland Express Inc$0-12,499-0.00%
ExitSchibsted A/S CL A$0-6,150-0.00%
GD ExitGeneral Dynamics Corp$0-1,600-0.00%
USB ExitUS Bancorp$0-6,000-0.00%
GE ExitGeneral Electric$0-10,546-0.00%
CSL ExitCarlisle Inc$0-3,000-0.00%
NLSN ExitNielsen Holdings plc ordinary$0-5,450-0.00%
UNP ExitUnion Pac Corp$0-2,510-0.00%
BP ExitBP PLC ADR$0-7,096-0.00%
MMM Exit3M Company$0-1,600-0.00%
ExitGroupe Danone$0-3,700-0.00%
MYL ExitMylan NV$0-5,850-0.00%
ExitHanjaya Mandala Sampoerna$0-34,500-0.00%
AIG ExitAmerican Intl Group Inc$0-6,000-0.00%
COP ExitConocophillips$0-7,288-0.00%
MCD ExitMcDonalds Corp$0-3,645-0.00%
PXD ExitPioneer Nat Res$0-2,700-0.00%
FULT ExitFulton Finl Corp$0-39,030-0.00%
DIS ExitDisney Walt Productions$0-4,850-0.00%
CBI ExitChicago Bridge & Iron Co NV$0-10,575-0.00%
BTI ExitBritish Amern Tob PLC ADR$0-6,146-0.01%
GOOG ExitAlphabet Inc Cl C$0-1,105-0.01%
BAC ExitBank Amer Corp$0-51,100-0.01%
GOOGL ExitAlphabet Inc Cl A$0-1,268-0.01%
ExitA P Moller-Maersk A/S$0-554-0.01%
COST ExitCostco Whsl Corp$0-6,295-0.01%
LAMR ExitLamar Advertising Co-A$0-16,960-0.01%
PX ExitPraxair Inc$0-10,850-0.01%
PDRDY ExitPernod-Ricard SA-Unspon ADR$0-55,550-0.01%
ExitLoreal SA$0-6,400-0.01%
ExitPargesa Holding AG - B$0-19,690-0.01%
WMT ExitWal Mart Stores Inc$0-19,474-0.01%
CFRUY ExitCIE Financiere Richemont-Unsp$0-173,300-0.01%
IBM ExitI B M$0-9,290-0.01%
SBMRY ExitSABMiller PLC Sponsored ADR$0-26,625-0.01%
ExitAnheuser-Busch InBev$0-15,000-0.01%
PNC ExitPNC Bank Corp$0-17,944-0.01%
ExitUnilever NV$0-37,500-0.01%
BBT ExitBB&T Corp$0-46,260-0.02%
EVF ExitEaton Vance Sr Income TR SFsh ben int$0-282,100-0.02%
HEINY ExitHeineken NV Spons ADR$0-43,037-0.02%
GS ExitGoldman Sachs Group Inc$0-10,393-0.02%
CMCSA ExitComcast Corp New Cl A$0-32,405-0.02%
DD ExitDu Pont E I De Nemours$0-40,408-0.02%
OUT ExitOutfront Media Inc$0-103,592-0.02%
MSFT ExitMicrosoft Corp$0-49,450-0.02%
ExitLindt & Spruengli AG - Reg$0-33-0.02%
ExitReckitt Benckiser Group PLC$0-30,567-0.02%
ExitBIC$0-19,390-0.03%
RDSA ExitRoyal Dutch Shell PLC ADR A$0-63,745-0.03%
ExitNestle SA-REG$0-41,310-0.03%
CVX ExitChevron Corp$0-41,510-0.03%
ABT ExitAbbott Labs$0-85,400-0.03%
MKC ExitMcCormick Inc$0-41,855-0.03%
MTBWS ExitM&T Bank Corp Wts Exp 12/23/1wts$0-70,000-0.03%
WFCWS ExitWells Fargo WTS Exp 10/28/18wts$0-202,750-0.03%
PEP ExitPepsico Inc$0-39,793-0.03%
DOV ExitDover Corp$0-70,606-0.04%
ExitHeineken NV$0-49,788-0.04%
JPMWS ExitJP Morgan Chase & Co WTS Exp 1wts$0-200,750-0.04%
ABBV ExitAbbVie Inc$0-86,718-0.04%
DANOY ExitDanone ADR$0-517,905-0.06%
HRL ExitHormel Foods Corp$0-104,069-0.06%
PG ExitProcter & Gamble$0-97,027-0.06%
PCP ExitPrecision Castparts Corp$0-30,820-0.06%
CR ExitCrane$0-164,591-0.07%
KO ExitCoca-Cola$0-220,237-0.08%
MLHR ExitHerman Miller Inc$0-310,227-0.08%
ExitSwedish Match AB$0-312,549-0.08%
FMX ExitFomento Economico Mex Sp ADR$0-118,615-0.10%
AXP ExitAmerican Express$0-145,228-0.10%
XOM ExitExxon Mobil Corp$0-166,346-0.11%
MKL ExitMarkel Corp$0-15,621-0.11%
V ExitVisa Inc Cl A$0-523,941-0.33%
ExitThe Swatch Group AG-BR$0-107,524-0.36%
DEO ExitDiageo PLC Sponsored ADR$0-468,851-0.46%
BFB ExitBrown-Forman Corp Cl B$0-530,935-0.46%
SNI ExitScripps Networks Interactive C$0-1,245,833-0.55%
ExitJC Decaux SA ACT$0-3,868,070-1.26%
CMCSK ExitComcast Corp Special Cl A$0-4,054,956-2.10%
ExitDiageo PLC$0-9,284,318-2.25%
ExitBritish American Tobacco PLC$0-4,971,592-2.48%
BFA ExitBrown-Forman Corp Cl A$0-2,596,956-2.51%
MLM ExitMartin Marietta Materials$0-2,070,527-2.84%
BRKB ExitBerkshire Hathaway Inc Cl B$0-2,512,042-2.96%
MO ExitAltria Group Inc$0-6,422,309-3.16%
BUD ExitAnheuser-Busch InBev ADR$0-5,173,285-4.97%
ExitPernod Ricard$0-5,648,600-5.14%
UN ExitUnilever NV ADR$0-14,145,516-5.14%
ExitSABMiller PLC$0-12,037,017-6.15%
ExitCompagnie Financiere Richemont$0-8,858,871-6.20%
WFC ExitWells Fargo$0-14,575,503-6.76%
ExitHeineken Holding NV$0-10,854,321-6.96%
PM ExitPhilip Morris International In$0-10,479,882-7.51%
MA ExitMastercard Inc Cl A$0-9,930,607-8.08%
BRKA ExitBerkshire Hathaway Inc Cl A$0-5,035-8.88%
NSRGY ExitNestle SA-Spons ADR$0-15,778,992-10.68%
Q3 2015
 Value Shares↓ Weighting
NSRGY SellNestle SA-Spons ADR$1,182,899,000
+3.4%
15,778,992
-0.4%
10.68%
+6.2%
BRKA SellBerkshire Hathaway Inc Cl A$983,033,000
-5.9%
5,035
-1.3%
8.88%
-3.3%
MA SellMastercard Inc Cl A$894,946,000
-4.6%
9,930,607
-1.0%
8.08%
-1.9%
PM BuyPhilip Morris International In$831,369,000
-0.6%
10,479,882
+0.5%
7.51%
+2.2%
SellHeineken Holding NV$770,947,000
+0.8%
10,854,321
-0.5%
6.96%
+3.6%
WFC SellWells Fargo$748,452,000
-9.3%
14,575,503
-0.7%
6.76%
-6.8%
BuyCompagnie Financiere Richemont$686,334,000
+0.7%
8,858,871
+5.7%
6.20%
+3.4%
SellSABMiller PLC$681,375,000
+8.3%
12,037,017
-0.6%
6.15%
+11.3%
UN SellUnilever NV ADR$568,650,000
-5.2%
14,145,516
-1.3%
5.14%
-2.6%
BuyPernod Ricard$568,605,000
-11.6%
5,648,600
+1.3%
5.14%
-9.2%
BUD SellAnheuser-Busch InBev ADR$550,024,000
-12.4%
5,173,285
-0.6%
4.97%
-10.0%
MO SellAltria Group Inc$349,374,000
+9.9%
6,422,309
-1.2%
3.16%
+12.9%
BRKB BuyBerkshire Hathaway Inc Cl B$327,570,000
-2.7%
2,512,042
+1.6%
2.96%
+0.0%
MLM SellMartin Marietta Materials$314,617,000
+6.1%
2,070,527
-1.2%
2.84%
+9.0%
BFA SellBrown-Forman Corp Cl A$277,848,000
-8.3%
2,596,956
-4.5%
2.51%
-5.7%
SellBritish American Tobacco PLC$274,346,000
+2.5%
4,971,592
-0.2%
2.48%
+5.4%
BuyDiageo PLC$248,995,000
-7.3%
9,284,318
+0.1%
2.25%
-4.7%
CMCSK SellComcast Corp Special Cl A$232,106,000
-7.0%
4,054,956
-2.6%
2.10%
-4.5%
BuyJC Decaux SA ACT$139,872,000
+16.8%
3,868,070
+34.8%
1.26%
+20.1%
SNI SellScripps Networks Interactive C$61,283,000
-25.9%
1,245,833
-1.6%
0.55%
-23.9%
BFB BuyBrown-Forman Corp Cl B$51,448,000
-0.7%
530,935
+2.6%
0.46%
+2.0%
DEO BuyDiageo PLC Sponsored ADR$50,537,000
-6.3%
468,851
+0.9%
0.46%
-3.8%
BuyThe Swatch Group AG-BR$39,726,000
-2.9%
107,524
+2.4%
0.36%
-0.3%
V SellVisa Inc Cl A$36,498,000
+0.1%
523,941
-3.5%
0.33%
+2.8%
MKL SellMarkel Corp$12,526,000
-3.0%
15,621
-3.1%
0.11%0.0%
XOM BuyExxon Mobil Corp$12,368,000
-9.1%
166,346
+1.8%
0.11%
-6.7%
AXP SellAmerican Express$10,766,000
-9.5%
145,228
-5.1%
0.10%
-7.6%
FMX SellFomento Economico Mex Sp ADR$10,586,000
-6.5%
118,615
-6.6%
0.10%
-3.0%
SellSwedish Match AB$9,417,000
+5.3%
312,549
-0.7%
0.08%
+7.6%
MLHR SellHerman Miller Inc$8,947,000
-3.2%
310,227
-2.9%
0.08%0.0%
KO SellCoca-Cola$8,836,000
-1.0%
220,237
-3.2%
0.08%
+2.6%
CR SellCrane$7,672,000
-21.2%
164,591
-0.7%
0.07%
-19.8%
PCP SellPrecision Castparts Corp$7,080,000
+12.6%
30,820
-2.0%
0.06%
+16.4%
PG SellProcter & Gamble$6,980,000
-13.5%
97,027
-6.0%
0.06%
-11.3%
HRL SellHormel Foods Corp$6,589,000
+10.5%
104,069
-1.6%
0.06%
+15.4%
DANOY BuyDanone ADR$6,523,000
+7.1%
517,905
+9.9%
0.06%
+9.3%
SellHeineken NV$4,015,000
+5.9%
49,788
-0.4%
0.04%
+9.1%
DOV SellDover Corp$4,037,000
-20.3%
70,606
-2.2%
0.04%
-20.0%
PEP SellPepsico Inc$3,752,000
+0.8%
39,793
-0.2%
0.03%
+3.0%
MKC SellMcCormick Inc$3,440,000
-0.0%
41,855
-1.5%
0.03%
+3.3%
MTBWS BuyM&T Bank Corp Wts Exp 12/23/1wts$3,445,000
-2.1%
70,000
+3.6%
0.03%0.0%
CVX SellChevron Corp$3,274,000
-19.1%
41,510
-1.1%
0.03%
-16.7%
RDSA SellRoyal Dutch Shell PLC ADR A$3,021,000
-25.8%
63,745
-10.7%
0.03%
-25.0%
SellBIC$3,004,000
-5.7%
19,390
-3.0%
0.03%
-3.6%
SellReckitt Benckiser Group PLC$2,772,000
+3.9%
30,567
-1.1%
0.02%
+8.7%
MSFT SellMicrosoft Corp$2,189,000
-8.9%
49,450
-9.2%
0.02%
-4.8%
OUT BuyOutfront Media Inc$2,155,000
-5.0%
103,592
+15.3%
0.02%
-5.0%
DD BuyDu Pont E I De Nemours$1,948,000
-17.8%
40,408
+9.1%
0.02%
-14.3%
CMCSA BuyComcast Corp New Cl A$1,843,000
-4.0%
32,405
+1.5%
0.02%0.0%
HEINY SellHeineken NV Spons ADR$1,735,000
-9.1%
43,037
-14.5%
0.02%
-5.9%
BBT BuyBB&T Corp$1,647,000
-3.6%
46,260
+9.1%
0.02%0.0%
EVF BuyEaton Vance Sr Income TR SFsh ben int$1,656,000
-4.7%
282,100
+0.8%
0.02%0.0%
SBMRY SellSABMiller PLC Sponsored ADR$1,507,000
-5.2%
26,625
-13.0%
0.01%0.0%
IBM SellI B M$1,347,000
-13.0%
9,290
-2.5%
0.01%
-14.3%
CFRUY SellCIE Financiere Richemont-Unsp$1,343,000
-14.2%
173,300
-9.9%
0.01%
-14.3%
PDRDY SellPernod-Ricard SA-Unspon ADR$1,118,000
-23.5%
55,550
-12.2%
0.01%
-23.1%
SellPargesa Holding AG - B$1,152,000
-15.5%
19,690
-2.8%
0.01%
-16.7%
PX SellPraxair Inc$1,105,000
-20.2%
10,850
-6.3%
0.01%
-16.7%
LAMR SellLamar Advertising Co-A$885,000
-11.0%
16,960
-1.9%
0.01%
-11.1%
COST BuyCostco Whsl Corp$910,000
+19.1%
6,295
+11.3%
0.01%
+14.3%
GOOGL NewAlphabet Inc Cl A$809,0001,2680.01%
BTI SellBritish Amern Tob PLC ADR$677,000
-9.7%
6,146
-11.2%
0.01%
-14.3%
GOOG NewAlphabet Inc Cl C$672,0001,1050.01%
FULT BuyFulton Finl Corp$472,000
-2.5%
39,030
+5.4%
0.00%0.0%
BP SellBP PLC ADR$217,000
-30.4%
7,096
-9.2%
0.00%
-33.3%
NewSchibsted A/S CL A$208,0006,1500.00%
NLSN NewNielsen Holdings plc ordinary$242,0005,4500.00%
USB NewUS Bancorp$246,0006,0000.00%
MMM New3M Company$227,0001,6000.00%
CSL SellCarlisle Inc$262,000
-25.1%
3,000
-14.3%
0.00%
-33.3%
SellIndivior PLC$96,000
-5.9%
27,982
-3.2%
0.00%0.0%
ExitTempleton Global Bond FDsh ben int$0-11,714-0.00%
GHC ExitGraham Holdings Co$0-203-0.00%
SLB ExitSchlumberger LTD$0-2,525-0.00%
SUSQ ExitSusquehanna Bancshrs Inc$0-14,000-0.00%
NLSN ExitNielsen NV$0-5,450-0.00%
WBC ExitWABCO Holdings Inc$0-1,703-0.00%
MRK ExitMerck Inc$0-3,836-0.00%
SPB ExitSpectrum Brands Hldgs Inc$0-2,000-0.00%
ORCL ExitOracle Corp$0-7,500-0.00%
GOOG ExitGoogle Inc Cl C$0-1,168-0.01%
GOOGL ExitGoogle Inc Cl A$0-1,233-0.01%
Q2 2015
 Value Shares↓ Weighting
NSRGY NewNestle SA-Spons ADR$1,144,275,00015,842,68810.06%
BRKA NewBerkshire Hathaway Inc Cl A$1,045,145,0005,1029.18%
MA NewMastercard Inc Cl A$937,808,00010,032,1758.24%
PM NewPhilip Morris International In$836,039,00010,428,3297.35%
WFC NewWells Fargo$825,325,00014,675,0547.25%
NewHeineken Holding NV$764,770,00010,903,5976.72%
NewCompagnie Financiere Richemont$681,834,0008,378,8065.99%
NewPernod Ricard$643,383,0005,573,7105.65%
NewSABMiller PLC$629,268,00012,110,1715.53%
BUD NewAnheuser-Busch InBev ADR$628,100,0005,205,1035.52%
UN NewUnilever NV ADR$599,752,00014,334,4185.27%
BRKB NewBerkshire Hathaway Inc Cl B$336,537,0002,472,5362.96%
MO NewAltria Group Inc$317,918,0006,500,0662.79%
BFA NewBrown-Forman Corp Cl A$302,920,0002,718,7262.66%
MLM NewMartin Marietta Materials$296,663,0002,096,4082.61%
NewDiageo PLC$268,584,0009,276,4482.36%
NewBritish American Tobacco PLC$267,641,0004,983,2882.35%
CMCSK NewComcast Corp Special Cl A$249,615,0004,164,4172.19%
NewJC Decaux SA ACT$119,709,0002,870,3951.05%
SNI NewScripps Networks Interactive C$82,740,0001,265,7160.73%
DEO NewDiageo PLC Sponsored ADR$53,936,000464,8070.47%
BFB NewBrown-Forman Corp Cl B$51,836,000517,4330.46%
NewThe Swatch Group AG-BR$40,912,000105,0100.36%
V NewVisa Inc Cl A$36,471,000543,1240.32%
XOM NewExxon Mobil Corp$13,600,000163,4660.12%
MKL NewMarkel Corp$12,913,00016,1280.11%
AXP NewAmerican Express$11,898,000153,0880.10%
FMX NewFomento Economico Mex Sp ADR$11,318,000127,0350.10%
CR NewCrane$9,734,000165,7420.09%
MLHR NewHerman Miller Inc$9,245,000319,5770.08%
NewSwedish Match AB$8,942,000314,6740.08%
KO NewCoca-Cola$8,924,000227,4870.08%
PG NewProcter & Gamble$8,072,000103,1720.07%
PCP NewPrecision Castparts Corp$6,289,00031,4650.06%
DANOY NewDanone ADR$6,091,000471,3300.05%
HRL NewHormel Foods Corp$5,962,000105,7690.05%
ABBV NewAbbVie Inc$5,827,00086,7180.05%
DOV NewDover Corp$5,067,00072,2060.04%
JPMWS NewJP Morgan Chase & Co WTS Exp 1wts$4,969,000200,7500.04%
WFCWS NewWells Fargo WTS Exp 10/28/18wts$4,560,000202,7500.04%
ABT NewAbbott Labs$4,191,00085,4000.04%
RDSA NewRoyal Dutch Shell PLC ADR A$4,070,00071,3850.04%
CVX NewChevron Corp$4,049,00041,9730.04%
NewHeineken NV$3,792,00049,9910.03%
PEP NewPepsico Inc$3,723,00039,8920.03%
MTBWS NewM&T Bank Corp Wts Exp 12/23/1wts$3,519,00067,6000.03%
MKC NewMcCormick Inc$3,441,00042,5050.03%
NewBIC$3,187,00020,0000.03%
NewNestle SA-REG$2,984,00041,3100.03%
NewReckitt Benckiser Group PLC$2,668,00030,9170.02%
DD NewDu Pont E I De Nemours$2,369,00037,0480.02%
MSFT NewMicrosoft Corp$2,404,00054,4500.02%
OUT NewOutfront Media Inc$2,268,00089,8470.02%
GS NewGoldman Sachs Group Inc$2,170,00010,3930.02%
NewLindt & Spruengli AG - Reg$2,065,000330.02%
CMCSA NewComcast Corp New Cl A$1,920,00031,9260.02%
HEINY NewHeineken NV Spons ADR$1,909,00050,3370.02%
NewAnheuser-Busch InBev$1,797,00015,0000.02%
EVF NewEaton Vance Sr Income TR SFsh ben int$1,738,000279,9470.02%
PNC NewPNC Bank Corp$1,716,00017,9440.02%
BBT NewBB&T Corp$1,709,00042,4080.02%
IBM NewI B M$1,549,0009,5240.01%
SBMRY NewSABMiller PLC Sponsored ADR$1,590,00030,6000.01%
CFRUY NewCIE Financiere Richemont-Unsp$1,565,000192,3500.01%
NewUnilever NV$1,561,00037,5000.01%
PDRDY NewPernod-Ricard SA-Unspon ADR$1,461,00063,2750.01%
WMT NewWal Mart Stores Inc$1,381,00019,4740.01%
NewPargesa Holding AG - B$1,363,00020,2500.01%
PX NewPraxair Inc$1,384,00011,5750.01%
NewLoreal SA$1,141,0006,4000.01%
LAMR NewLamar Advertising Co-A$994,00017,2850.01%
NewA P Moller-Maersk A/S$972,0005540.01%
BAC NewBank Amer Corp$870,00051,1000.01%
BTI NewBritish Amern Tob PLC ADR$750,0006,9250.01%
COST NewCostco Whsl Corp$764,0005,6550.01%
GOOGL NewGoogle Inc Cl A$666,0001,2330.01%
CBI NewChicago Bridge & Iron Co NV$529,00010,5750.01%
GOOG NewGoogle Inc Cl C$608,0001,1680.01%
DIS NewDisney Walt Productions$554,0004,8500.01%
COP NewConocophillips$448,0007,2880.00%
FULT NewFulton Finl Corp$484,00037,0300.00%
BP NewBP PLC ADR$312,0007,8140.00%
AIG NewAmerican Intl Group Inc$371,0006,0000.00%
ORCL NewOracle Corp$302,0007,5000.00%
CSL NewCarlisle Inc$350,0003,5000.00%
MCD NewMcDonalds Corp$347,0003,6450.00%
MYL NewMylan NV$397,0005,8500.00%
PXD NewPioneer Nat Res$374,0002,7000.00%
WBC NewWABCO Holdings Inc$211,0001,7030.00%
SLB NewSchlumberger LTD$218,0002,5250.00%
NLSN NewNielsen NV$244,0005,4500.00%
NewHanjaya Mandala Sampoerna$186,00034,5000.00%
NewGroupe Danone$239,0003,7000.00%
MRK NewMerck Inc$218,0003,8360.00%
UNP NewUnion Pac Corp$239,0002,5100.00%
GE NewGeneral Electric$280,00010,5460.00%
GHC NewGraham Holdings Co$218,0002030.00%
SUSQ NewSusquehanna Bancshrs Inc$198,00014,0000.00%
GD NewGeneral Dynamics Corp$227,0001,6000.00%
SPB NewSpectrum Brands Hldgs Inc$204,0002,0000.00%
HTLD NewHeartland Express Inc$253,00012,4990.00%
CSFL NewCenterstate BKS FLA Inc$149,00011,0040.00%
NewCir SPA$133,000125,0000.00%
NewIndivior PLC$102,00028,9070.00%
NewPZ Cussons PLC$85,00015,0000.00%
NewTempleton Global Bond FDsh ben int$143,00011,7140.00%
NewPimco High Yield Fun-Instlsh ben int$101,00011,1160.00%
NewBollore$160,00030,0000.00%
NewLT Group Inc$46,000150,0000.00%
Q4 2014
 Value Shares↓ Weighting
ExitLT Group Inc$0-150,0000.00%
ExitPZ Cussons PLC$0-15,000-0.00%
SUSQ ExitSusquehanna Bancshrs Inc$0-15,125-0.00%
ExitPimco High Yield Fun-Instlsh ben int$0-11,116-0.00%
ExitCir SPA$0-125,000-0.00%
CSFL ExitCenterstate BKS FLA Inc$0-11,004-0.00%
MRK ExitMerck Inc$0-4,336-0.00%
ExitTempleton Global Bond FDsh ben int$0-19,693-0.00%
NLSN ExitNielsen NV$0-4,800-0.00%
MAT ExitMattel Inc$0-6,625-0.00%
ExitHanjaya Mandala Sampoerna$0-30,000-0.00%
ExitGroupe Danone$0-3,700-0.00%
PSX ExitPhillips 66$0-2,720-0.00%
NTRS ExitNorthern Trust Corp$0-4,334-0.00%
J106OPTLDIV ExitCBS Outdoor Americas Inc$0-9,555-0.00%
GE ExitGeneral Electric$0-11,663-0.00%
CSL ExitCarlisle Inc$0-3,900-0.00%
AIG ExitAmerican Intl Group Inc$0-6,000-0.00%
UNP ExitUnion Pac Corp$0-2,730-0.00%
BP ExitBP PLC ADR$0-7,923-0.00%
SLB ExitSchlumberger LTD$0-2,875-0.00%
HTLD ExitHeartland Express Inc$0-14,499-0.00%
ExitSchibsted A/S$0-6,150-0.00%
MCD ExitMcDonalds Corp$0-3,670-0.00%
GD ExitGeneral Dynamics Corp$0-3,000-0.00%
ORCL ExitOracle Corp$0-10,000-0.00%
GOOGL ExitGoogle Inc Cl A$0-884-0.01%
PXD ExitPioneer Nat Res$0-2,700-0.01%
PGR ExitProgressive Corp Ohio$0-20,133-0.01%
GOOG ExitGoogle Inc Cl C$0-869-0.01%
DIS ExitDisney Walt Productions$0-6,600-0.01%
COST ExitCostco Whsl Corp$0-5,655-0.01%
COP ExitConocophillips$0-9,356-0.01%
CBI ExitChicago Bridge & Iron Co NV$0-12,025-0.01%
LAMR ExitLamar Advertising Cl A$0-15,360-0.01%
FULT ExitFulton Finl Corp$0-64,688-0.01%
BAC ExitBank Amer Corp$0-49,500-0.01%
SWZ ExitSwiss Helvetia FD Inc$0-71,097-0.01%
ExitLoreal SA$0-7,220-0.01%
ExitA P Moller-Maersk A/S$0-583-0.01%
ExitUnilever NV$0-35,500-0.01%
WMT ExitWal Mart Stores Inc$0-20,759-0.02%
CFRUY ExitCIE Financiere Richemont-Unsp$0-188,875-0.02%
PDRDY ExitPernod-Ricard SA-Unspon ADR$0-68,050-0.02%
BTI ExitBritish Amern Tob PLC ADR$0-13,999-0.02%
BBT ExitBB&T Corp$0-41,599-0.02%
SBMRY ExitSABMiller PLC Sponsored ADR$0-31,310-0.02%
ExitPargesa Holding AG - B$0-20,850-0.02%
ExitAnheuser-Busch InBev$0-15,000-0.02%
PNC ExitPNC Bank Corp$0-21,444-0.02%
EVF ExitEaton Vance Sr Income TR SFsh ben int$0-274,031-0.02%
CMCSA ExitComcast Corp New Cl A$0-35,949-0.02%
ExitLindt & Spruengli AG - Reg$0-34-0.02%
IBM ExitI B M$0-10,455-0.02%
HEINY ExitHeineken NV Spons ADR$0-54,562-0.02%
PX ExitPraxair Inc$0-15,650-0.02%
DE ExitDeere & Co$0-28,415-0.02%
DD ExitDu Pont E I De Nemours$0-33,534-0.02%
MTBWS ExitM&T Bank Corp Wts Exp 12/23/1wts$0-52,000-0.02%
ExitBIC$0-20,925-0.02%
ExitReckitt Benckiser Group PLC$0-30,375-0.02%
DANOY ExitDanone ADR$0-202,710-0.03%
MSFT ExitMicrosoft Corp$0-59,850-0.03%
MKC ExitMcCormick Inc$0-42,755-0.03%
ExitNestle SA-REG$0-41,310-0.03%
WFCWS ExitWells Fargo WTS Exp 10/28/18wts$0-177,750-0.03%
JPMWS ExitJP Morgan Chase & Co WTS Exp 1wts$0-180,750-0.03%
ABT ExitAbbott Labs$0-86,503-0.03%
ExitHeineken NV$0-51,991-0.04%
PEP ExitPepsico Inc$0-43,389-0.04%
GS ExitGoldman Sachs Group Inc$0-22,893-0.04%
ABBV ExitAbbVie Inc$0-86,777-0.05%
RDSA ExitRoyal Dutch Shell PLC ADR A$0-70,835-0.05%
CVX ExitChevron Corp$0-47,427-0.05%
HRL ExitHormel Foods Corp$0-111,053-0.05%
PCP ExitPrecision Castparts Corp$0-24,680-0.06%
DOV ExitDover Corp$0-76,406-0.06%
KO ExitCoca-Cola$0-205,187-0.08%
PG ExitProcter & Gamble$0-120,502-0.10%
FMX ExitFomento Economico Mex Sp ADR$0-109,445-0.10%
MLHR ExitHerman Miller Inc$0-345,454-0.10%
CR ExitCrane$0-168,652-0.10%
ExitSwedish Match AB$0-337,412-0.10%
AXP ExitAmerican Express$0-128,535-0.11%
MKL ExitMarkel Corp$0-17,946-0.11%
XOM ExitExxon Mobil Corp$0-160,426-0.14%
V ExitVisa Inc Cl A$0-112,816-0.23%
ExitThe Swatch Group AG-BR$0-63,563-0.28%
BFB ExitBrown-Forman Corp Cl B$0-432,976-0.37%
GHC ExitGraham Holdings Co$0-66,159-0.44%
ExitJC Decaux SA ACT$0-1,472,010-0.44%
DEO ExitDiageo PLC Sponsored ADR$0-431,493-0.47%
SNI ExitScripps Networks Interactive C$0-1,278,832-0.94%
ExitDiageo PLC$0-8,615,112-2.35%
CMCSK ExitComcast Corp Special Cl A$0-4,715,276-2.38%
BFA ExitBrown-Forman Corp Cl A$0-2,832,558-2.38%
MLM ExitMartin Marietta Materials$0-1,975,609-2.40%
ExitBritish American Tobacco PLC$0-4,815,888-2.56%
MO ExitAltria Group Inc$0-7,108,388-3.07%
BRKB ExitBerkshire Hathaway Inc Cl B$0-2,457,392-3.20%
UN ExitUnilever NV ADR$0-13,297,615-4.97%
BUD ExitAnheuser-Busch InBev ADR$0-5,096,871-5.32%
ExitPernod Ricard$0-5,194,053-5.54%
ExitCompagnie Financiere Richemont$0-7,243,980-5.59%
ExitSABMiller PLC$0-11,562,694-6.05%
ExitHeineken Holding NV$0-10,527,476-6.56%
MA ExitMastercard Inc Cl A$0-9,956,963-6.93%
WFC ExitWells Fargo$0-14,637,898-7.15%
PM ExitPhilip Morris International In$0-10,252,495-8.05%
BRKA ExitBerkshire Hathaway Inc Cl A$0-5,082-9.90%
NSRGY ExitNestle SA-Spons ADR$0-14,981,721-10.37%
Q3 2014
 Value Shares↓ Weighting
NSRGY BuyNestle SA-Spons ADR$1,101,482,000
-3.2%
14,981,721
+2.0%
10.37%
-1.4%
BRKA BuyBerkshire Hathaway Inc Cl A$1,051,466,000
+9.2%
5,082
+0.2%
9.90%
+11.2%
PM BuyPhilip Morris International In$855,058,000
-0.8%
10,252,495
+0.3%
8.05%
+1.0%
WFC SellWells Fargo$759,268,000
-1.4%
14,637,898
-0.1%
7.15%
+0.5%
MA BuyMastercard Inc Cl A$736,019,000
+1.3%
9,956,963
+0.7%
6.93%
+3.2%
BuyHeineken Holding NV$696,459,000
+2.2%
10,527,476
+1.5%
6.56%
+4.1%
BuySABMiller PLC$642,570,000
-3.5%
11,562,694
+0.6%
6.05%
-1.7%
BuyCompagnie Financiere Richemont$593,999,000
-19.5%
7,243,980
+3.0%
5.59%
-18.0%
BuyPernod Ricard$588,162,000
-1.0%
5,194,053
+4.9%
5.54%
+0.8%
BUD BuyAnheuser-Busch InBev ADR$564,988,000
-2.4%
5,096,871
+1.2%
5.32%
-0.6%
UN BuyUnilever NV ADR$527,649,000
-6.6%
13,297,615
+3.0%
4.97%
-4.8%
BRKB BuyBerkshire Hathaway Inc Cl B$339,464,000
+10.3%
2,457,392
+1.0%
3.20%
+12.3%
MO SellAltria Group Inc$326,559,000
+9.2%
7,108,388
-0.3%
3.07%
+11.2%
BuyBritish American Tobacco PLC$271,848,000
-4.0%
4,815,888
+1.1%
2.56%
-2.3%
MLM BuyMartin Marietta Materials$254,735,000
-2.2%
1,975,609
+0.2%
2.40%
-0.4%
BFA SellBrown-Forman Corp Cl A$252,636,000
-3.9%
2,832,558
-0.5%
2.38%
-2.1%
CMCSK SellComcast Corp Special Cl A$252,267,000
+0.0%
4,715,276
-0.3%
2.38%
+1.9%
BuyDiageo PLC$249,298,000
-7.8%
8,615,112
+1.7%
2.35%
-6.0%
SNI SellScripps Networks Interactive C$99,864,000
-3.8%
1,278,832
-0.0%
0.94%
-2.0%
DEO BuyDiageo PLC Sponsored ADR$49,794,000
-7.7%
431,493
+1.8%
0.47%
-6.0%
BuyJC Decaux SA ACT$46,479,000
-14.7%
1,472,010
+0.7%
0.44%
-13.3%
GHC SellGraham Holdings Co$46,284,000
-5.6%
66,159
-3.1%
0.44%
-3.8%
BFB BuyBrown-Forman Corp Cl B$39,063,000
-4.0%
432,976
+0.2%
0.37%
-2.1%
BuyThe Swatch Group AG-BR$30,208,000
-19.1%
63,563
+2.8%
0.28%
-17.7%
V BuyVisa Inc Cl A$24,072,000
+1.9%
112,816
+0.6%
0.23%
+4.1%
XOM BuyExxon Mobil Corp$15,088,000
-2.8%
160,426
+4.1%
0.14%
-0.7%
MKL SellMarkel Corp$11,416,000
-5.9%
17,946
-3.0%
0.11%
-4.5%
AXP SellAmerican Express$11,252,000
-8.6%
128,535
-1.0%
0.11%
-7.0%
SellSwedish Match AB$10,953,000
-7.0%
337,412
-0.6%
0.10%
-5.5%
CR SellCrane$10,660,000
-15.6%
168,652
-0.7%
0.10%
-14.5%
MLHR SellHerman Miller Inc$10,312,000
-1.7%
345,454
-0.4%
0.10%0.0%
PG SellProcter & Gamble$10,091,000
+5.4%
120,502
-1.1%
0.10%
+8.0%
FMX SellFomento Economico Mex Sp ADR$10,074,000
-2.7%
109,445
-1.0%
0.10%
-1.0%
KO SellCoca-Cola$8,753,000
-0.8%
205,187
-1.5%
0.08%0.0%
DOV SellDover Corp$6,138,000
-14.2%
76,406
-2.8%
0.06%
-12.1%
PCP BuyPrecision Castparts Corp$5,846,000
+107.2%
24,680
+120.9%
0.06%
+111.5%
HRL BuyHormel Foods Corp$5,707,000
+4.4%
111,053
+0.3%
0.05%
+8.0%
CVX SellChevron Corp$5,659,000
-9.3%
47,427
-0.7%
0.05%
-8.6%
RDSA SellRoyal Dutch Shell PLC ADR A$5,393,000
-16.7%
70,835
-9.9%
0.05%
-15.0%
GS SellGoldman Sachs Group Inc$4,202,000
-34.2%
22,893
-40.0%
0.04%
-32.2%
PEP SellPepsico Inc$4,039,000
+2.2%
43,389
-1.9%
0.04%
+2.7%
SellHeineken NV$3,891,000
+3.8%
51,991
-0.4%
0.04%
+5.7%
JPMWS BuyJP Morgan Chase & Co WTS Exp 1wts$3,635,000
+24.7%
180,750
+19.9%
0.03%
+25.9%
MKC BuyMcCormick Inc$2,860,000
-6.2%
42,755
+0.4%
0.03%
-3.6%
MSFT SellMicrosoft Corp$2,775,000
+8.7%
59,850
-2.3%
0.03%
+8.3%
DANOY BuyDanone ADR$2,714,000
-4.2%
202,710
+6.2%
0.03%0.0%
MTBWS BuyM&T Bank Corp Wts Exp 12/23/1wts$2,603,000
+3.7%
52,000
+4.0%
0.02%
+8.7%
BuyReckitt Benckiser Group PLC$2,634,000
+12.5%
30,375
+13.1%
0.02%
+13.6%
SellBIC$2,699,000
-8.0%
20,925
-2.4%
0.02%
-7.4%
DD BuyDu Pont E I De Nemours$2,406,000
+10.3%
33,534
+0.6%
0.02%
+15.0%
HEINY BuyHeineken NV Spons ADR$2,042,000
+7.3%
54,562
+2.9%
0.02%
+5.6%
IBM SellI B M$1,985,000
-5.3%
10,455
-9.5%
0.02%0.0%
PX SellPraxair Inc$2,019,000
-3.5%
15,650
-0.6%
0.02%0.0%
PNC SellPNC Bank Corp$1,835,000
-4.3%
21,444
-0.5%
0.02%
-5.6%
EVF BuyEaton Vance Sr Income TR SFsh ben int$1,784,000
-3.8%
274,031
+0.7%
0.02%0.0%
SBMRY BuySABMiller PLC Sponsored ADR$1,740,000
-0.8%
31,310
+3.4%
0.02%0.0%
SellPargesa Holding AG - B$1,659,000
-22.9%
20,850
-12.9%
0.02%
-20.0%
PDRDY BuyPernod-Ricard SA-Unspon ADR$1,541,000
+1.8%
68,050
+8.0%
0.02%
+7.1%
BBT BuyBB&T Corp$1,548,000
-5.0%
41,599
+0.6%
0.02%0.0%
BTI BuyBritish Amern Tob PLC ADR$1,583,000
-3.7%
13,999
+1.4%
0.02%0.0%
WMT SellWal Mart Stores Inc$1,587,000
+0.6%
20,759
-1.2%
0.02%0.0%
CFRUY BuyCIE Financiere Richemont-Unsp$1,549,000
-14.5%
188,875
+9.4%
0.02%
-11.8%
SellA P Moller-Maersk A/S$1,348,000
-2.7%
583
-1.0%
0.01%0.0%
BuyLoreal SA$1,146,000
-6.6%
7,220
+1.4%
0.01%0.0%
LAMR SellLamar Advertising Cl A$756,000
-34.5%
15,360
-29.5%
0.01%
-36.4%
COP SellConocophillips$716,000
-19.5%
9,356
-9.8%
0.01%
-12.5%
CBI SellChicago Bridge & Iron Co NV$696,000
-20.1%
12,025
-5.9%
0.01%
-12.5%
FULT SellFulton Finl Corp$717,000
-27.9%
64,688
-19.4%
0.01%
-22.2%
GOOGL SellGoogle Inc Cl A$520,000
-13.3%
884
-13.8%
0.01%
-16.7%
GOOG SellGoogle Inc Cl C$502,000
-13.7%
869
-14.0%
0.01%0.0%
SLB BuySchlumberger LTD$292,000
-12.3%
2,875
+1.8%
0.00%0.0%
GE BuyGeneral Electric$299,000
+6.8%
11,663
+9.4%
0.00%0.0%
CSL SellCarlisle Inc$313,000
-60.3%
3,900
-57.1%
0.00%
-57.1%
J106OPTLDIV NewCBS Outdoor Americas Inc$286,0009,5550.00%
BuyTempleton Global Bond FDsh ben int$260,000
-0.8%
19,693
+0.0%
0.00%0.0%
MRK SellMerck Inc$257,000
+1.2%
4,336
-1.1%
0.00%0.0%
BuyGroupe Danone$248,000
-4.6%
3,700
+5.7%
0.00%0.0%
NLSN BuyNielsen NV$213,000
-4.5%
4,800
+4.3%
0.00%0.0%
SUSQ SellSusquehanna Bancshrs Inc$151,000
-15.6%
15,125
-10.8%
0.00%
-50.0%
BuyLT Group Inc$52,000
+108.0%
150,000
+100.0%
0.00%
MON ExitMonsanto$0-1,700-0.00%
ExitNHST Media Group$0-19,772-0.01%
ExitBerner Gruppen$0-116,554-0.06%
Q2 2014
 Value Shares↓ Weighting
NSRGY NewNestle SA-Spons ADR$1,137,943,00014,688,90210.51%
BRKA NewBerkshire Hathaway Inc Cl A$963,208,0005,0728.90%
PM NewPhilip Morris International In$862,002,00010,224,1977.96%
WFC NewWells Fargo$769,782,00014,645,7717.11%
NewCompagnie Financiere Richemont$737,826,0007,031,7526.82%
MA NewMastercard Inc Cl A$726,598,0009,889,7306.71%
NewHeineken Holding NV$681,532,00010,367,1256.30%
NewSABMiller PLC$665,558,00011,489,1326.15%
NewPernod Ricard$594,268,0004,949,1605.49%
BUD NewAnheuser-Busch InBev ADR$578,989,0005,037,3195.35%
UN NewUnilever NV ADR$565,000,00012,911,3305.22%
BRKB NewBerkshire Hathaway Inc Cl B$307,814,0002,432,1592.84%
MO NewAltria Group Inc$299,166,0007,133,1912.76%
NewBritish American Tobacco PLC$283,309,0004,764,0402.62%
NewDiageo PLC$270,244,0008,470,1052.50%
BFA NewBrown-Forman Corp Cl A$262,938,0002,847,4962.43%
MLM NewMartin Marietta Materials$260,457,0001,972,4122.41%
CMCSK NewComcast Corp Special Cl A$252,237,0004,729,7442.33%
SNI NewScripps Networks Interactive C$103,815,0001,279,4580.96%
NewJC Decaux SA ACT$54,515,0001,461,1500.50%
DEO NewDiageo PLC Sponsored ADR$53,960,000423,9840.50%
GHC NewGraham Holdings Co$49,034,00068,2830.45%
BFB NewBrown-Forman Corp Cl B$40,706,000432,2580.38%
NewThe Swatch Group AG-BR$37,328,00061,8160.34%
V NewVisa Inc Cl A$23,631,000112,1510.22%
XOM NewExxon Mobil Corp$15,521,000154,1660.14%
CR NewCrane$12,630,000169,8520.12%
AXP NewAmerican Express$12,311,000129,7700.11%
MKL NewMarkel Corp$12,131,00018,5020.11%
NewSwedish Match AB$11,777,000339,3620.11%
MLHR NewHerman Miller Inc$10,490,000346,8860.10%
FMX NewFomento Economico Mex Sp ADR$10,354,000110,5600.10%
PG NewProcter & Gamble$9,571,000121,7870.09%
KO NewCoca-Cola$8,827,000208,3770.08%
DOV NewDover Corp$7,151,00078,6300.07%
NewBerner Gruppen$6,648,000116,5540.06%
RDSA NewRoyal Dutch Shell PLC ADR A$6,475,00078,6050.06%
GS NewGoldman Sachs Group Inc$6,384,00038,1250.06%
CVX NewChevron Corp$6,237,00047,7770.06%
HRL NewHormel Foods Corp$5,465,000110,7310.05%
ABBV NewAbbVie Inc$4,898,00086,7770.04%
PEP NewPepsico Inc$3,952,00044,2390.04%
NewHeineken NV$3,747,00052,1910.04%
WFCWS NewWells Fargo WTS Exp 10/28/18wts$3,836,000177,7500.04%
ABT NewAbbott Labs$3,538,00086,5030.03%
NewNestle SA-REG$3,200,00041,3100.03%
MKC NewMcCormick Inc$3,048,00042,5800.03%
NewBIC$2,934,00021,4500.03%
JPMWS NewJP Morgan Chase & Co WTS Exp 1wts$2,914,000150,7500.03%
PCP NewPrecision Castparts Corp$2,821,00011,1750.03%
DANOY NewDanone ADR$2,834,000190,8100.03%
DE NewDeere & Co$2,573,00028,4150.02%
MSFT NewMicrosoft Corp$2,554,00061,2440.02%
MTBWS NewM&T Bank Corp Wts Exp 12/23/1wts$2,509,00050,0000.02%
NewReckitt Benckiser Group PLC$2,342,00026,8600.02%
DD NewDu Pont E I De Nemours$2,181,00033,3350.02%
NewPargesa Holding AG - B$2,151,00023,9500.02%
NewLindt & Spruengli AG - Reg$2,100,000340.02%
IBM NewI B M$2,095,00011,5550.02%
PX NewPraxair Inc$2,092,00015,7500.02%
CMCSA NewComcast Corp New Cl A$1,930,00035,9490.02%
PNC NewPNC Bank Corp$1,918,00021,5440.02%
HEINY NewHeineken NV Spons ADR$1,903,00053,0120.02%
CFRUY NewCIE Financiere Richemont-Unsp$1,811,000172,6250.02%
EVF NewEaton Vance Sr Income TR SFsh ben int$1,854,000272,2340.02%
SBMRY NewSABMiller PLC Sponsored ADR$1,754,00030,2850.02%
NewAnheuser-Busch InBev$1,723,00015,0000.02%
BBT NewBB&T Corp$1,630,00041,3360.02%
WMT NewWal Mart Stores Inc$1,577,00021,0090.02%
BTI NewBritish Amern Tob PLC ADR$1,643,00013,7990.02%
PDRDY NewPernod-Ricard SA-Unspon ADR$1,514,00063,0250.01%
NewUnilever NV$1,553,00035,5000.01%
NewA P Moller-Maersk A/S$1,386,0005890.01%
LAMR NewLamar Advertising Cl A$1,155,00021,7850.01%
NewLoreal SA$1,227,0007,1200.01%
SWZ NewSwiss Helvetia FD Inc$1,036,00071,0970.01%
NewNHST Media Group$1,128,00019,7720.01%
FULT NewFulton Finl Corp$995,00080,2980.01%
COP NewConocophillips$889,00010,3730.01%
CBI NewChicago Bridge & Iron Co NV$871,00012,7750.01%
CSL NewCarlisle Inc$788,0009,1000.01%
BAC NewBank Amer Corp$761,00049,5000.01%
PXD NewPioneer Nat Res$620,0002,7000.01%
GOOGL NewGoogle Inc Cl A$600,0001,0260.01%
COST NewCostco Whsl Corp$651,0005,6550.01%
PGR NewProgressive Corp Ohio$511,00020,1330.01%
GOOG NewGoogle Inc Cl C$582,0001,0110.01%
DIS NewDisney Walt Productions$566,0006,6000.01%
BP NewBP PLC ADR$418,0007,9230.00%
ORCL NewOracle Corp$405,00010,0000.00%
SLB NewSchlumberger LTD$333,0002,8250.00%
HTLD NewHeartland Express Inc$309,00014,4990.00%
AIG NewAmerican Intl Group Inc$327,0006,0000.00%
GD NewGeneral Dynamics Corp$350,0003,0000.00%
UNP NewUnion Pac Corp$272,0002,7300.00%
NewSchibsted A/S$320,0006,1500.00%
GE NewGeneral Electric$280,00010,6630.00%
MCD NewMcDonalds Corp$370,0003,6700.00%
NTRS NewNorthern Trust Corp$278,0004,3340.00%
NewHanjaya Mandala Sampoerna$170,00030,0000.00%
NewTempleton Global Bond FDsh ben int$262,00019,6840.00%
SUSQ NewSusquehanna Bancshrs Inc$179,00016,9650.00%
PSX NewPhillips 66$219,0002,7200.00%
MON NewMonsanto$212,0001,7000.00%
NLSN NewNielsen NV$223,0004,6000.00%
MRK NewMerck Inc$254,0004,3860.00%
MAT NewMattel Inc$258,0006,6250.00%
NewCir SPA$188,000125,0000.00%
NewGroupe Danone$260,0003,5000.00%
NewPimco High Yield Fun-Instlsh ben int$109,00011,1160.00%
NewPZ Cussons PLC$89,00015,0000.00%
CSFL NewCenterstate BKS FLA Inc$123,00011,0040.00%
NewLT Group Inc$25,00075,0000.00%
Q4 2013
 Value Shares↓ Weighting
ExitWal-Mart De Mexico S A$0-10,0000.00%
ExitPZ Cussons PLC$0-15,000-0.00%
CSFL ExitCenterstate BKS FLA Inc$0-11,004-0.00%
ExitPimco High Yield Fun-Instlsh ben int$0-11,116-0.00%
ExitHanjaya Mandala Sampoerna$0-12,500-0.00%
HTLD ExitHeartland Express Inc$0-14,499-0.00%
ExitCir SPA$0-125,000-0.00%
SUSQ ExitSusquehanna Bancshrs Inc$0-17,429-0.00%
DHR ExitDanaher Corp$0-4,151-0.00%
SLB ExitSchlumberger LTD$0-3,350-0.00%
MAT ExitMattel Inc$0-6,625-0.00%
MRK ExitMerck Inc$0-5,736-0.00%
ExitSchibsted A/S$0-6,150-0.00%
BA ExitBoeing$0-2,430-0.00%
GD ExitGeneral Dynamics Corp$0-3,000-0.00%
NTRS ExitNorthern Trust Corp$0-4,415-0.00%
ExitSyngenta AG$0-600-0.00%
AIG ExitAmerican Intl Group Inc$0-6,000-0.00%
ExitGroupe Danone$0-3,500-0.00%
ExitBerner Gruppen PFDpfd$0-3,501-0.00%
DIS ExitDisney Walt Productions$0-6,375-0.00%
ORCL ExitOracle Corp$0-12,500-0.00%
MCD ExitMcDonalds Corp$0-4,091-0.00%
ExitLoreal SA$0-2,665-0.01%
LUK ExitLeucadia Natl Corp$0-18,100-0.01%
PXD ExitPioneer Nat Res$0-2,700-0.01%
BAC ExitBank Amer Corp$0-49,500-0.01%
CSL ExitCarlisle Inc$0-9,784-0.01%
BTI ExitBritish Amern Tob PLC ADR$0-6,600-0.01%
COST ExitCostco Whsl Corp$0-5,855-0.01%
SWZ ExitSwiss Helvetia FD Inc$0-51,025-0.01%
BP ExitBP PLC ADR$0-22,707-0.01%
FULT ExitFulton Finl Corp$0-80,298-0.01%
GOOGL ExitGoogle Inc Cl A$0-1,036-0.01%
LAMR ExitLamar Advertising Cl A$0-20,525-0.01%
COP ExitConocophillips$0-14,856-0.01%
CBI ExitChicago Bridge & Iron Co NV$0-15,325-0.01%
GE ExitGeneral Electric$0-43,501-0.01%
MTBWS ExitM&T Bank Corp Wts Exp 12/23/1wts$0-30,000-0.01%
ExitUnilever NV$0-30,000-0.01%
PDRDY ExitPernod-Ricard SA-Unspon ADR$0-49,450-0.01%
ExitA P Moller-Maersk A/S$0-140-0.01%
ExitReckitt Benckiser Group PLC$0-17,800-0.01%
SBMRY ExitSABMiller PLC Sponsored ADR$0-25,450-0.01%
ExitNHST Media Group$0-19,772-0.01%
BBT ExitBB&T Corp$0-41,556-0.02%
HEINY ExitHeineken NV Spons ADR$0-43,346-0.02%
ExitAnheuser-Busch InBev$0-15,000-0.02%
CFRUY ExitCIE Financiere Richemont-Unsp$0-156,500-0.02%
WMT ExitWal Mart Stores Inc$0-22,559-0.02%
ExitLindt & Spruengli AG - Reg$0-39-0.02%
EVF ExitEaton Vance Sr Income TR SFsh ben int$0-267,960-0.02%
PNC ExitPNC Bank Corp$0-25,644-0.02%
MSFT ExitMicrosoft Corp$0-62,558-0.02%
ExitPargesa Holding AG - B$0-27,200-0.02%
PGR ExitProgressive Corp Ohio$0-86,986-0.02%
CMCSA ExitComcast Corp New Cl A$0-52,773-0.02%
WFCWS ExitWells Fargo WTS Exp 10/28/18wts$0-177,750-0.03%
DE ExitDeere & Co$0-29,915-0.03%
DD ExitDu Pont E I De Nemours$0-43,026-0.03%
PCP ExitPrecision Castparts Corp$0-11,325-0.03%
JPMWS ExitJP Morgan Chase & Co WTS Exp 1wts$0-150,750-0.03%
ExitBIC$0-22,700-0.03%
ExitNestle SA-REG$0-40,000-0.03%
ABT ExitAbbott Labs$0-86,503-0.03%
DANOY ExitDanone ADR$0-203,050-0.03%
IBM ExitI B M$0-16,668-0.03%
MKC ExitMcCormick Inc$0-47,780-0.03%
PX ExitPraxair Inc$0-29,575-0.04%
ABBV ExitAbbVie Inc$0-86,777-0.04%
ExitHeineken NV$0-54,488-0.04%
PEP ExitPepsico Inc$0-59,228-0.05%
HRL ExitHormel Foods Corp$0-123,050-0.06%
RDSA ExitRoyal Dutch Shell PLC ADR A$0-80,960-0.06%
DOV ExitDover Corp$0-83,520-0.08%
ExitBerner Gruppen$0-116,554-0.08%
KO ExitCoca-Cola$0-206,778-0.08%
CVX ExitChevron Corp$0-65,471-0.08%
GS ExitGoldman Sachs Group Inc$0-57,575-0.10%
PG ExitProcter & Gamble$0-126,912-0.10%
AXP ExitAmerican Express$0-126,965-0.10%
MKL ExitMarkel Corp$0-19,777-0.11%
CR ExitCrane$0-179,202-0.12%
MLHR ExitHerman Miller Inc$0-379,470-0.12%
FMX ExitFomento Economico Mex Sp ADR$0-118,220-0.12%
ExitSwedish Match AB$0-364,712-0.14%
XOM ExitExxon Mobil Corp$0-212,224-0.19%
V ExitVisa Inc Cl A$0-106,458-0.22%
BFB ExitBrown-Forman Corp Cl B$0-427,628-0.31%
HAS ExitHasbro Inc$0-626,021-0.31%
ExitThe Swatch Group AG-BR$0-59,024-0.40%
WPO ExitWashington Post Cl B$0-80,868-0.52%
DEO ExitDiageo PLC Sponsored ADR$0-412,072-0.56%
ExitJC Decaux SA ACT$0-1,484,160-0.58%
SNI ExitScripps Networks Interactive C$0-1,393,439-1.16%
MLM ExitMartin Marietta Materials$0-1,786,060-1.86%
BFA ExitBrown-Forman Corp Cl A$0-2,817,510-1.98%
CMCSK ExitComcast Corp Special Cl A$0-4,747,143-2.18%
ExitDiageo PLC$0-7,905,573-2.67%
BRKB ExitBerkshire Hathaway Inc Cl B$0-2,262,253-2.72%
ExitBritish American Tobacco PLC$0-4,963,955-2.80%
MO ExitAltria Group Inc$0-7,708,331-2.81%
UN ExitUnilever NV ADR$0-10,661,578-4.27%
BUD ExitAnheuser-Busch InBev ADR$0-4,833,827-5.09%
ExitSABMiller PLC$0-10,650,538-5.75%
ExitPernod Ricard$0-4,426,700-5.84%
WFC ExitWells Fargo$0-13,908,732-6.10%
ExitHeineken Holding NV$0-9,972,655-6.70%
MA ExitMastercard Inc Cl A$0-1,001,935-7.15%
ExitCompagnie Financiere Richemont$0-6,800,276-7.23%
PM ExitPhilip Morris International In$0-9,616,739-8.84%
BRKA ExitBerkshire Hathaway Inc Cl A$0-4,953-8.96%
NSRGY ExitNestle SA-Spons ADR$0-14,079,392-10.45%
Q3 2013
 Value Shares↓ Weighting
NSRGY BuyNestle SA-Spons ADR$984,818,000
+14.0%
14,079,392
+6.7%
10.45%
+3.8%
BRKA BuyBerkshire Hathaway Inc Cl A$844,041,000
+2.4%
4,953
+1.3%
8.96%
-6.8%
PM BuyPhilip Morris International In$832,713,000
+4.6%
9,616,739
+4.6%
8.84%
-4.8%
NewCompagnie Financiere Richemont$681,344,0006,800,2767.23%
MA BuyMastercard Inc Cl A$674,082,000
+19.7%
1,001,935
+2.2%
7.15%
+9.0%
BuyHeineken Holding NV$631,171,000
+15.9%
9,972,655
+2.6%
6.70%
+5.5%
WFC BuyWells Fargo$574,709,000
+2.9%
13,908,732
+2.8%
6.10%
-6.3%
BuyPernod Ricard$550,027,000
+19.8%
4,426,700
+6.8%
5.84%
+9.1%
BuySABMiller PLC$542,177,000
+12.5%
10,650,538
+5.6%
5.75%
+2.4%
BUD BuyAnheuser-Busch InBev ADR$479,516,000
+16.2%
4,833,827
+5.7%
5.09%
+5.7%
UN BuyUnilever NV ADR$402,155,000
+1.6%
10,661,578
+5.9%
4.27%
-7.5%
MO BuyAltria Group Inc$264,781,000
+0.2%
7,708,331
+2.0%
2.81%
-8.8%
BuyBritish American Tobacco PLC$263,387,000
+9.2%
4,963,955
+5.1%
2.80%
-0.6%
BRKB BuyBerkshire Hathaway Inc Cl B$256,788,000
+2.8%
2,262,253
+1.3%
2.72%
-6.5%
BuyDiageo PLC$251,566,000
+17.8%
7,905,573
+5.6%
2.67%
+7.3%
CMCSK BuyComcast Corp Special Cl A$205,789,000
+10.4%
4,747,143
+1.1%
2.18%
+0.5%
BFA SellBrown-Forman Corp Cl A$186,463,000
-2.5%
2,817,510
-0.3%
1.98%
-11.3%
MLM BuyMartin Marietta Materials$175,338,000
+2.5%
1,786,060
+2.8%
1.86%
-6.7%
SNI SellScripps Networks Interactive C$108,841,000
+16.4%
1,393,439
-0.6%
1.16%
+5.9%
BuyJC Decaux SA ACT$54,676,000
+38.8%
1,484,160
+2.7%
0.58%
+26.4%
DEO BuyDiageo PLC Sponsored ADR$52,366,000
+10.7%
412,072
+0.1%
0.56%
+0.7%
WPO SellWashington Post Cl B$49,439,000
+18.0%
80,868
-6.6%
0.52%
+7.6%
BuyThe Swatch Group AG-BR$37,989,000
+21.9%
59,024
+3.5%
0.40%
+11.0%
HAS SellHasbro Inc$29,511,000
+0.1%
626,021
-4.8%
0.31%
-9.0%
BFB BuyBrown-Forman Corp Cl B$29,134,000
+23.0%
427,628
+21.9%
0.31%
+12.0%
V SellVisa Inc Cl A$20,344,000
+2.2%
106,458
-2.3%
0.22%
-6.9%
XOM SellExxon Mobil Corp$18,260,000
-11.0%
212,224
-6.5%
0.19%
-18.8%
SellSwedish Match AB$12,878,000
-3.1%
364,712
-3.2%
0.14%
-11.6%
FMX BuyFomento Economico Mex Sp ADR$11,478,000
+0.6%
118,220
+6.9%
0.12%
-8.3%
MLHR SellHerman Miller Inc$11,073,000
+7.7%
379,470
-0.1%
0.12%
-1.7%
CR SellCrane$11,051,000
+2.1%
179,202
-0.8%
0.12%
-7.1%
MKL SellMarkel Corp$10,240,000
-2.6%
19,777
-0.9%
0.11%
-11.4%
PG SellProcter & Gamble$9,593,000
-12.3%
126,912
-10.7%
0.10%
-20.3%
AXP BuyAmerican Express$9,588,000
+10.4%
126,965
+9.3%
0.10%
+1.0%
GS BuyGoldman Sachs Group Inc$9,109,000
+5.2%
57,575
+0.6%
0.10%
-4.0%
KO BuyCoca-Cola$7,833,000
+7.7%
206,778
+14.1%
0.08%
-2.4%
DOV SellDover Corp$7,503,000
+13.6%
83,520
-1.8%
0.08%
+3.9%
RDSA BuyRoyal Dutch Shell PLC ADR A$5,317,000
+11.4%
80,960
+8.2%
0.06%0.0%
HRL SellHormel Foods Corp$5,183,000
+6.8%
123,050
-2.2%
0.06%
-3.5%
PEP SellPepsico Inc$4,709,000
-5.4%
59,228
-2.7%
0.05%
-13.8%
SellHeineken NV$3,864,000
+11.3%
54,488
-0.2%
0.04%
+2.5%
ABBV SellAbbVie Inc$3,882,000
+7.8%
86,777
-0.4%
0.04%
-2.4%
PX SellPraxair Inc$3,555,000
+4.0%
29,575
-0.3%
0.04%
-5.0%
IBM BuyI B M$3,087,000
-0.5%
16,668
+2.7%
0.03%
-8.3%
MKC SellMcCormick Inc$3,091,000
-9.3%
47,780
-1.3%
0.03%
-17.5%
DANOY SellDanone ADR$3,059,000
-1.9%
203,050
-2.4%
0.03%
-11.1%
ABT BuyAbbott Labs$2,871,000
-4.6%
86,503
+0.2%
0.03%
-14.3%
SellBIC$2,641,000
+16.0%
22,700
-0.2%
0.03%
+3.7%
PCP BuyPrecision Castparts Corp$2,573,000
+11.0%
11,325
+10.5%
0.03%0.0%
DD BuyDu Pont E I De Nemours$2,520,000
+12.1%
43,026
+0.5%
0.03%
+3.8%
DE BuyDeere & Co$2,435,000
+134.6%
29,915
+134.2%
0.03%
+116.7%
PGR SellProgressive Corp Ohio$2,369,000
+3.8%
86,986
-3.1%
0.02%
-7.4%
CMCSA SellComcast Corp New Cl A$2,381,000
+5.7%
52,773
-2.2%
0.02%
-3.8%
SellPargesa Holding AG - B$2,041,000
+10.7%
27,200
-1.7%
0.02%
+4.8%
MSFT SellMicrosoft Corp$2,082,000
-6.2%
62,558
-2.7%
0.02%
-15.4%
PNC SellPNC Bank Corp$1,858,000
-4.0%
25,644
-3.4%
0.02%
-13.0%
EVF SellEaton Vance Sr Income TR SFsh ben int$1,884,000
-9.6%
267,960
-3.4%
0.02%
-16.7%
WMT SellWal Mart Stores Inc$1,668,000
-1.3%
22,559
-0.6%
0.02%
-10.0%
CFRUY SellCIE Financiere Richemont-Unsp$1,568,000
+11.6%
156,500
-1.7%
0.02%
+6.2%
BBT BuyBB&T Corp$1,403,000
+0.3%
41,556
+0.7%
0.02%
-6.2%
BuyReckitt Benckiser Group PLC$1,303,000
+64.9%
17,800
+58.9%
0.01%
+55.6%
PDRDY BuyPernod-Ricard SA-Unspon ADR$1,229,000
+15.4%
49,450
+2.8%
0.01%
+8.3%
COP SellConocophillips$1,033,000
+6.4%
14,856
-7.4%
0.01%0.0%
GE SellGeneral Electric$1,039,000
-11.3%
43,501
-13.9%
0.01%
-21.4%
CBI NewChicago Bridge & Iron Co NV$1,039,00015,3250.01%
BP SellBP PLC ADR$954,000
-9.7%
22,707
-10.3%
0.01%
-16.7%
GOOGL BuyGoogle Inc Cl A$907,000
+14.8%
1,036
+15.5%
0.01%
+11.1%
LAMR SellLamar Advertising Cl A$965,000
+5.8%
20,525
-2.4%
0.01%
-9.1%
FULT SellFulton Finl Corp$938,000
+0.8%
80,298
-1.0%
0.01%
-9.1%
CSL SellCarlisle Inc$688,000
+6.3%
9,784
-5.8%
0.01%
-12.5%
LUK SellLeucadia Natl Corp$493,000
-1.6%
18,100
-5.2%
0.01%
-16.7%
PXD SellPioneer Nat Res$510,000
+17.5%
2,700
-10.0%
0.01%0.0%
ORCL SellOracle Corp$415,000
+3.0%
12,500
-4.8%
0.00%
-20.0%
DIS SellDisney Walt Productions$411,000
-8.3%
6,375
-10.2%
0.00%
-20.0%
MCD SellMcDonalds Corp$394,000
-23.2%
4,091
-21.1%
0.00%
-33.3%
MAT SellMattel Inc$277,000
-47.4%
6,625
-43.0%
0.00%
-50.0%
SLB SellSchlumberger LTD$296,000
+20.8%
3,350
-2.2%
0.00%0.0%
GD SellGeneral Dynamics Corp$263,000
+4.0%
3,000
-7.0%
0.00%0.0%
SellGroupe Danone$264,000
-6.0%
3,500
-6.7%
0.00%0.0%
NTRS SellNorthern Trust Corp$240,000
-8.0%
4,415
-1.9%
0.00%0.0%
BA SellBoeing$286,000
-14.4%
2,430
-25.4%
0.00%
-25.0%
NewBerner Gruppen PFDpfd$239,0003,5010.00%
HTLD SellHeartland Express Inc$206,000
+1.0%
14,499
-1.4%
0.00%0.0%
CSFL NewCenterstate BKS FLA Inc$107,00011,0040.00%
NewHanjaya Mandala Sampoerna$70,00012,5000.00%
ExitPimco Total Return Fund-Instsh ben int$0-10,397-0.00%
ExitLonrho PLC$0-500,000-0.00%
D ExitDominion Res Inc$0-3,632-0.00%
ExitImperial Tobacco Group PLC$0-6,750-0.00%
SPY ExitSPDR Trust Series 1$0-1,700-0.00%
ExitRoche Holding AG$0-1,325-0.00%
ExitCompagnie Financiere Richemont$0-6,797,657-7.00%
Q2 2013
 Value Shares↓ Weighting
NSRGY NewNestle SA-Spons ADR$863,815,00013,192,87610.07%
BRKA NewBerkshire Hathaway Inc Cl A$824,623,0004,8919.61%
PM NewPhilip Morris International In$796,189,0009,191,7489.28%
NewCompagnie Financiere Richemont$600,269,0006,797,6577.00%
MA NewMastercard Inc Cl A$562,997,000979,9776.56%
WFC NewWells Fargo$558,483,00013,532,4186.51%
NewHeineken Holding NV$544,805,0009,723,4456.35%
NewSABMiller PLC$482,146,00010,083,8535.62%
NewPernod Ricard$459,124,0004,146,1825.35%
BUD NewAnheuser-Busch InBev ADR$412,826,0004,573,7484.81%
UN NewUnilever NV ADR$395,718,00010,066,6064.61%
MO NewAltria Group Inc$264,338,0007,554,6793.08%
BRKB NewBerkshire Hathaway Inc Cl B$249,872,0002,232,5962.91%
NewBritish American Tobacco PLC$241,183,0004,722,1752.81%
NewDiageo PLC$213,490,0007,487,2692.49%
BFA NewBrown-Forman Corp Cl A$191,271,0002,826,9502.23%
CMCSK NewComcast Corp Special Cl A$186,361,0004,697,7792.17%
MLM NewMartin Marietta Materials$171,005,0001,737,5051.99%
SNI NewScripps Networks Interactive C$93,546,0001,401,2301.09%
DEO NewDiageo PLC Sponsored ADR$47,318,000411,6420.55%
WPO NewWashington Post Cl B$41,896,00086,6020.49%
NewJC Decaux SA ACT$39,381,0001,445,8100.46%
NewThe Swatch Group AG-BR$31,172,00057,0480.36%
HAS NewHasbro Inc$29,482,000657,6330.34%
BFB NewBrown-Forman Corp Cl B$23,688,000350,6790.28%
XOM NewExxon Mobil Corp$20,515,000227,0610.24%
V NewVisa Inc Cl A$19,908,000108,9330.23%
NewSwedish Match AB$13,285,000376,5790.16%
FMX NewFomento Economico Mex Sp ADR$11,412,000110,5950.13%
PG NewProcter & Gamble$10,941,000142,1050.13%
CR NewCrane$10,825,000180,6520.13%
MKL NewMarkel Corp$10,516,00019,9560.12%
MLHR NewHerman Miller Inc$10,283,000379,8700.12%
GS NewGoldman Sachs Group Inc$8,655,00057,2250.10%
AXP NewAmerican Express$8,684,000116,1650.10%
CVX NewChevron Corp$7,748,00065,4710.09%
KO NewCoca-Cola$7,272,000181,3030.08%
DOV NewDover Corp$6,605,00085,0450.08%
NewBerner Gruppen$6,107,000116,5540.07%
PEP NewPepsico Inc$4,977,00060,8520.06%
HRL NewHormel Foods Corp$4,853,000125,7840.06%
RDSA NewRoyal Dutch Shell PLC ADR A$4,773,00074,8100.06%
ABBV NewAbbVie Inc$3,602,00087,1270.04%
MKC NewMcCormick Inc$3,408,00048,4300.04%
NewHeineken NV$3,473,00054,5880.04%
PX NewPraxair Inc$3,417,00029,6750.04%
IBM NewI B M$3,102,00016,2310.04%
DANOY NewDanone ADR$3,119,000208,0500.04%
ABT NewAbbott Labs$3,010,00086,3030.04%
NewNestle SA-REG$2,619,00040,0000.03%
WFCWS NewWells Fargo WTS Exp 10/28/18wts$2,430,000177,7500.03%
JPMWS NewJP Morgan Chase & Co WTS Exp 1wts$2,352,000150,7500.03%
NewBIC$2,277,00022,7500.03%
PCP NewPrecision Castparts Corp$2,317,00010,2500.03%
PGR NewProgressive Corp Ohio$2,283,00089,8110.03%
MSFT NewMicrosoft Corp$2,220,00064,2670.03%
CMCSA NewComcast Corp New Cl A$2,252,00053,9330.03%
DD NewDu Pont E I De Nemours$2,248,00042,8250.03%
EVF NewEaton Vance Sr Income TR SFsh ben int$2,085,000277,3080.02%
PNC NewPNC Bank Corp$1,936,00026,5510.02%
NewPargesa Holding AG - B$1,844,00027,6750.02%
NewLindt & Spruengli AG - Reg$1,697,000390.02%
WMT NewWal Mart Stores Inc$1,690,00022,6840.02%
CFRUY NewCIE Financiere Richemont-Unsp$1,405,000159,1500.02%
NewAnheuser-Busch InBev$1,333,00015,0000.02%
BBT NewBB&T Corp$1,399,00041,2810.02%
HEINY NewHeineken NV Spons ADR$1,379,00043,3460.02%
NewNHST Media Group$1,295,00019,7720.02%
SBMRY NewSABMiller PLC Sponsored ADR$1,217,00025,4500.01%
GE NewGeneral Electric$1,171,00050,5010.01%
NewUnilever NV$1,180,00030,0000.01%
MTBWS NewM&T Bank Corp Wts Exp 12/23/1wts$1,140,00030,0000.01%
DE NewDeere & Co$1,038,00012,7750.01%
PDRDY NewPernod-Ricard SA-Unspon ADR$1,065,00048,1000.01%
BP NewBP PLC ADR$1,056,00025,3010.01%
COP NewConocophillips$971,00016,0440.01%
LAMR NewLamar Advertising Cl A$912,00021,0250.01%
FULT NewFulton Finl Corp$931,00081,1130.01%
NewA P Moller-Maersk A/S$943,0001400.01%
GOOGL NewGoogle Inc Cl A$790,0008970.01%
NewReckitt Benckiser Group PLC$790,00011,2000.01%
COST NewCostco Whsl Corp$647,0005,8550.01%
BTI NewBritish Amern Tob PLC ADR$679,0006,6000.01%
CSL NewCarlisle Inc$647,00010,3840.01%
SWZ NewSwiss Helvetia FD Inc$629,00051,0250.01%
BAC NewBank Amer Corp$637,00049,5000.01%
LUK NewLeucadia Natl Corp$501,00019,1000.01%
MAT NewMattel Inc$527,00011,6250.01%
MCD NewMcDonalds Corp$513,0005,1850.01%
DIS NewDisney Walt Productions$448,0007,1000.01%
ORCL NewOracle Corp$403,00013,1250.01%
PXD NewPioneer Nat Res$434,0003,0000.01%
NewLoreal SA$437,0002,6650.01%
BA NewBoeing$334,0003,2570.00%
NewRoche Holding AG$329,0001,3250.00%
NewGroupe Danone$281,0003,7500.00%
DHR NewDanaher Corp$263,0004,1510.00%
NewImperial Tobacco Group PLC$233,0006,7500.00%
SLB NewSchlumberger LTD$245,0003,4250.00%
SPY NewSPDR Trust Series 1$273,0001,7000.00%
GD NewGeneral Dynamics Corp$253,0003,2250.00%
NewSyngenta AG$234,0006000.00%
AIG NewAmerican Intl Group Inc$268,0006,0000.00%
SUSQ NewSusquehanna Bancshrs Inc$224,00017,4290.00%
NTRS NewNorthern Trust Corp$261,0004,5000.00%
MRK NewMerck Inc$266,0005,7360.00%
NewSchibsted A/S$264,0006,1500.00%
D NewDominion Res Inc$206,0003,6320.00%
NewCir SPA$141,000125,0000.00%
HTLD NewHeartland Express Inc$204,00014,6990.00%
NewLonrho PLC$75,000500,0000.00%
NewPZ Cussons PLC$79,00015,0000.00%
NewPimco High Yield Fun-Instlsh ben int$105,00011,1160.00%
NewPimco Total Return Fund-Instsh ben int$112,00010,3970.00%
NewWal-Mart De Mexico S A$28,00010,0000.00%

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