.

CompanyMarketPercentage of Company OwnedPercentage of PortfolioSincep/ncav

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$143,909

.

cash (Mar 31, 2013)$49,08934.11short end T-bills

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NYSE:WFC422,549,545Wells Fargo & Co$22,8688.2115.8919902012+FinancialBankBuffett

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NYSE:KO400,000,000The Coca-Cola Company$16,0329.1611.141988Consumer StaplesBeverageCoca-Cola

.

NYSE:IBM67,517,896International Business Machines Corp.$10,8306.837.5320112012+Technology

.

151,610,700American Express Company$11,82114.888.211964FinancialFinancial Services (Div.)Salad oil scandal

.

NYSE:PG52,793,078The Procter & Gamble Company$4,3451.953.0219892012-Consumer StaplesHousehold ProductsGillette

.

KRFT58,800,000Kraft Foods Inc.$5,23910.003.6420072012-Consumer StaplesFood ProcessingBuffett

.

39,037,142Wal-Mart Stores, Inc$3,1761.212.2120052009+Consumer-CyclicalRetail Store

.

NYSE:USB61,264,601US Bancorp.$2,6263.441.8220062012-FinancialBank (Midwest)

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29,433,326Moody's Corporation$3,01714.572.1020002010-

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DTV29,555,600DirecTV$2,52214.631.7520112012+

.

NYSE:COP24,123,911ConocoPhillips$1,5181.961.0520062012-EnergyPetroleum (Integrated)

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NYSE:PSX27,163,918Phillips 66$2,1085.011.4620122012+EnergyPetroleum (Integrated)

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1,727,765The Washington Post Company$023.280.001973

.

NYSE:WTM1,724,200White Mountains Insurance$1,17928.780.8220052005+Financial

.

5,363,821M&T Bank Corporation$6704.040.4719992010-Financial

.

5,254,000Costco Wholesale Corp.$7911.190.551998-2010-

.

NYSE:BK19,633,915Bank of New York Mellon Corp$7801.760.5420122012+FinancialBank

.

VIAB7,607,200Viacom$5161.870.3620122012+Consumer-CyclicalEntertainmentTodd Combs or Ted Weschler

.

NYSE:GM15,000,000General Motors$5600.930.3920122012+Todd Combs or Ted Weschler

.

17,072,192USG Corp.$44311.790.3120062006+Joint Plan of Reorganization

.

NYSE:KMX8,000,000Carmax Inc.$5343.810.3720072010-Graham bargain16.91

.

NYSE:DE4,000,000Deere & Co.$3502.760.242012Todd Combs or Ted Weschler

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NYSE:NOV4,186,800National-Oilwell Varco, Inc.$2061.020.1420122012+EnergyOilfield Services/Equipment

.

4,235,818Torchmark Corp.$2323.330.161998-2006+Financial

.

3,947,554POSCO$2221.110.1520062006+Graham bargainshares?

.

NYSE:RSG8,300,000Republic Services$3332.350.2320092010+

.

NYSE:V1,555,459Visa$1020.010.0720112012-

.

NYSE:PCP1,248,901Precision Castparts Corp.$2650.880.182012Todd Combs or Ted Weschler

.

NYSE:MA405,000MasterCard$350.040.0220112011+Todd Combs?

.

8,000,000Iron Mountain Inc.$2933.810.2020012010+

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NYSE:HD2,757,898The Home Depot, Inc$3140.210.2220052009-

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NYSE:SNY4,063,675Sanofi-Aventis$2030.150.1420062010+

.

NYSE:NRG6,000,000NRG Energy$1451.780.1020082009-

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VRSK1,563,434Verisk Analytics$1100.990.0820112012-

.

1,510,500GlaxoSmithKline$710.060.0520072007+

.

NYSE:GD812,700General Dynamics Corp.$1100.010.0820112011+

.

NYSE:GCI2,200,000Gannett Co., Inc.$800.970.0619942010-

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NYSE:JNJ492,000Johnson & Johnson$490.020.0320062012-HealthcareMedical Supplies

.

DVA2,700,000DaVita$410.030.0320112011+Todd Combs?

.

LMCA1,700,000Liberty Media (Capital)$260.020.0220112011+Todd Combs?

.

NYSE:WBC1,600,000Wabco Holdings$240.020.022012Todd Combs or Ted Weschler

.

588,900General Electric Co.$150.010.0120062012-

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CDCO1,218,199Comdisco Holdings Company, Inc.$830.240.01

.

NYSE:UPS59,400United Parcel Service, Inc.$60.010.0020062012-

.

NYSE:LEE1,600,000Lee Enterprises$52.940.0020122012+

.

NYSE:IRIngersoll-Rand Co. Ltd.$00.000.0020062012-Graham bargain?

.

NYSE:DGDollar General$00.000.0020112012-Todd Combs?

.

NYSE:CVSCVS Caremark$00.000.0020112012-

.

INTCIntel$00.000.0020112012-

.

NYSE:XOMExxon Mobil$00.000.0020092011-

.

Nike Inc.$00.000.001998-2010-Graham defensiveLouis Simpson

.

NSRGYNestlé$00.000.0020092010-

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NYSE:NLCNalco Holding Company$00.000.0020082010-

.

Lowe's Companies Inc.$00.000.0020052010-

.

Comcast Corp.$00.000.0020042010-

.

NYSE:BDXBecton Dickinson$00.000.0020092010-

.

Bank of America Corporation$00.000.0020072010-Louis Simpson

.

Zenith National1998-2005-

.

Western Union Co.20062007-

.

WellPoint Inc.20072010-HealthcareMedical Services

.

NYSE:UNHUnitedhealth Group, Inc.20062010-HealthcareMedical Services

.

Union Pacific Corp.20062009-one of the two securities with BNSF

.

Tyco International Ltd.20052007-

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Travelers Group Inc.19971998-

.

NYSE:TRVTravelers20092010-

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The Walt Disney Company19961999-

.

SunTrust Banks Inc.1998-2010-2.44% of Coca-Cola

.

Servicemaster Co.20032007-

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Sealed Air20002006-

.

PNC Bank Corporation19941995-

.

Pier 1 Imports Inc.20042007-Graham defensive

.

PetroChina Company Limited20022007-

.

Norfolk Southern Corp.20062009-

.

Mueller Industries Inc.20002006-Graham defensive

.

McDonald's Corporation19961997-

.

Lexmark International Inc.20052006-Graham offensive, declining income

.

Hospital Corporation of America20032004-

.

H&R Block, Inc.20012007-

.

Guinness PLC (now Diageo)19911994-

.

GAP20002006-

.

Freddie Mac19882000-

.

Fiserv20102010-

.

First Data Corp.1998-2007-split from AXP

.

NYSE:ETNEaton20082009-

.

NYSE:CEGConstellation Energy2009-

.

Automatic Data20022004-

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Ameriprise Financial, Inc.20052008-split from AXP

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