Holdings
| Level 3 Communications Inc. | $1.91B | 10.4% | 48,839,207 | +357,210 | +0.7% | Added |
| CHKEUR CHESAPEAKE ENERGY CORP | $1.75B | 9.5% | 68,358,840 | −317,772 | −0.5% | Reduced |
| FDX FEDEX CORP | $1.73B | 9.4% | 13,086,852 | −238,882 | −1.8% | Reduced |
| L LOEWS CORP | $1.62B | 8.8% | 36,818,884 | +1,834,092 | +5.2% | Added |
| BNY BANK OF NEW YORK MELLON CORP | $1.29B | 7.0% | 36,567,504 | −2,802,151 | −7.1% | Reduced |
| MDLZ MONDELEZ INTERNATIONAL INC-A | $1.18B | 6.4% | 34,084,821 | −1,041,891 | −3.0% | Reduced |
| MUR MURPHY OIL CORP | $943.4M | 5.1% | 15,007,432 | +19,560 | +0.1% | Added |
| CONSOL Energy Inc. | $920.9M | 5.0% | 23,052,441 | +361,162 | +1.6% | Added |
| Aon PLC | $848.5M | 4.6% | 10,067,298 | −271,824 | −2.6% | Reduced |
| TRV TRAVELERS COS INC | $828.4M | 4.5% | 9,734,635 | +111,676 | +1.2% | Added |
| Texas Industries Inc. | $722.4M | 3.9% | 8,060,157 | — | — | Held |
| EG EVEREST GROUP LTD | $684.9M | 3.7% | 4,474,720 | +316,471 | +7.6% | Added |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | $541.6M | 2.9% | 4,333,496 | +93,438 | +2.2% | Added |
| PHG KONINKLIJKE PHILIPS NVR- NY | $534.2M | 2.9% | 15,192,147 | +29,976 | +0.2% | Added |
| ABT ABBOTT LABORATORIES | $529.4M | 2.9% | 13,747,344 | +302,000 | +2.2% | Added |
| NWS NEWS CORP - CLASS B | $477.2M | 2.6% | 28,577,227 | +3,291,329 | +13.0% | Added |
| GHC GRAHAM HOLDINGS CO-CLASS B | $377.9M | 2.1% | 537,010 | −6,200 | −1.1% | Reduced |
| tw telecom inc. | $338.7M | 1.8% | 10,834,803 | −171,534 | −1.6% | Reduced |
| NWSA NEWS CORP - CLASS A | $297.4M | 1.6% | 17,272,498 | +9,604,707 | +125.3% | Added |
| SNI SCRIPPS NETWORKS INTER-CL A | $205.5M | 1.1% | 2,707,644 | +484,595 | +21.8% | Added |
| ESRT EMPIRE STATE REALTY TRUST-A | $187.6M | 1.0% | 12,415,753 | — | — | Held |
| MTN VAIL RESORTS INC | $178.2M | 1.0% | 2,556,858 | — | — | Held |
| CNH CNH INDUSTRIAL NV | $112.5M | 0.6% | 9,781,919 | −2,279,887 | −18.9% | Reduced |
| DIN DINE BRANDS GLOBAL INC | $102.7M | 0.6% | 1,315,000 | — | — | Held |
| VOD VODAFONE GROUP PLC-SP ADR | $39.4M | 0.2% | 1,069,738 | +1,069,738 | — | New |
| VNO VORNADO REALTY TRUST | $22.7M | 0.1% | 230,700 | −1,502 | −0.6% | Reduced |
| RYN RAYONIER INC | $19.3M | 0.1% | 420,938 | +328,385 | +354.8% | Added |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | $1.3M | 0.0% | 7 | — | — | Held |
Sold positions
| Holding | Shares sold | Prior value |
|---|---|---|
| DIRECTV | 21,710,357 | $1.50B |
| VMC VULCAN MATERIALS CO | 4,982,724 | $296.1M |
| LMEUR LEGG MASON INC | 3,117,887 | $135.6M |
| Vodafone Group Plc ADR | 3,003,503 | $118.1M |
| MLM MARTIN MARIETTA MATERIALS | 1,039,807 | $103.9M |
| WEN WENDY'S CO | 11,054,728 | $96.4M |
Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.