Holdings
| WFC WELLS FARGO & CO | $23.05B | 21.8% | 463,458,123 | — | — | Held |
| KO COCA-COLA CO | $15.46B | 14.6% | 400,000,000 | — | — | Held |
| AXP AMERICAN EXPRESS CO | $13.65B | 12.9% | 151,610,700 | — | — | Held |
| IBM INTL BUSINESS MACHINES CORP | $13.16B | 12.4% | 68,355,084 | +233,100 | +0.3% | Added |
| WMT WALMART INC | $4.44B | 4.2% | 58,052,412 | +8,568,679 | +17.3% | Added |
| PG PROCTER & GAMBLE CO | $4.26B | 4.0% | 52,793,078 | — | — | Held |
| EXMOC EXXON MOBIL CORP | $4.02B | 3.8% | 41,129,643 | — | — | Held |
| USB US BANCORP | $3.43B | 3.2% | 80,026,697 | +705,796 | +0.9% | Added |
| DIRECTV | $2.64B | 2.5% | 34,514,700 | −2,000,000 | −5.5% | Reduced |
| DVA DAVITA INC | $2.59B | 2.4% | 37,621,152 | +1,159,858 | +3.2% | Added |
| GS GOLDMAN SACHS GROUP INC | $2.07B | 2.0% | 12,631,531 | — | — | Held |
| MCO MOODY'S CORP | $1.96B | 1.9% | 24,669,778 | — | — | Held |
| GHC GRAHAM HOLDINGS CO-CLASS B | $1.22B | 1.1% | 1,727,765 | — | — | Held |
| U S G CORP | $1.14B | 1.1% | 34,890,174 | — | — | Held |
| GM GENERAL MOTORS CO | $1.03B | 1.0% | 30,000,000 | −10,000,000 | −25.0% | Reduced |
| BNY BANK OF NEW YORK MELLON CORP | $870.0M | 0.8% | 24,652,836 | — | — | Held |
| CHICAGO BRIDGE & IRON CO N V | $832.3M | 0.8% | 9,550,755 | — | — | Held |
| COP CONOCOPHILLIPS | $779.5M | 0.7% | 11,079,958 | — | — | Held |
| PSX PHILLIPS 66 | $750.7M | 0.7% | 9,741,303 | −17,422,615 | −64.1% | Reduced |
| LIBERTY MEDIA CORP DELAWARE | $692.9M | 0.7% | 5,300,000 | — | — | Held |
| NOVEUR NATIONAL OILWELL VARCO INC | $691.5M | 0.7% | 8,880,000 | — | — | Held |
| MTB M & T BANK CORP | $652.8M | 0.6% | 5,382,040 | — | — | Held |
| VIAB VIACOM INC-CLASS B | $646.5M | 0.6% | 7,607,200 | — | — | Held |
| VRSN VERISIGN INC | $630.0M | 0.6% | 11,685,654 | +724,134 | +6.6% | Added |
| VZ VERIZON COMMUNICATIONS INC | $524.4M | 0.5% | 11,022,743 | +11,022,743 | — | New |
| PRECISION CASTPARTS CORP | $499.8M | 0.5% | 1,977,336 | — | — | Held |
| COST COSTCO WHOLESALE CORP | $483.9M | 0.5% | 4,333,363 | — | — | Held |
| SU SUNCOR ENERGY INC | $454.5M | 0.4% | 13,000,000 | — | — | Held |
| WBC1EUR WABCO HOLDINGS INC | $430.3M | 0.4% | 4,076,325 | — | — | Held |
| DE DEERE & CO | $361.3M | 0.3% | 3,978,767 | — | — | Held |
| V VISA INC-CLASS A SHARES | $335.8M | 0.3% | 1,555,459 | — | — | Held |
| TMK TORCHMARK CORP | $333.4M | 0.3% | 4,235,818 | — | — | Held |
| LBTYAUSD LIBERTY GLOBAL PLC-A | $305.6M | 0.3% | 7,346,968 | +4,398,683 | +149.2% | Added |
| MA MASTERCARD INC - A | $302.5M | 0.3% | 4,050,000 | +3,645,000 | +900.0% | Added |
| LBTYKUSD LIBERTY GLOBAL PLC- C | $299.1M | 0.3% | 7,346,968 | +7,346,968 | — | New |
| GENERAL ELECTRIC CO | $274.1M | 0.3% | 10,585,502 | — | — | Held |
| SNY SANOFI-ADR | $204.2M | 0.2% | 3,905,875 | — | — | Held |
| VRSK VERISK ANALYTICS INC | $93.7M | 0.1% | 1,563,434 | — | — | Held |
| MEDIA GEN INC | $85.4M | 0.1% | 4,646,220 | — | — | Held |
| STARZ | $62.0M | 0.1% | 1,919,541 | −2,622,340 | −57.7% | Reduced |
| JNJ JOHNSON & JOHNSON | $32.1M | 0.0% | 327,100 | — | — | Held |
| MDLZ MONDELEZ INTERNATIONAL INC-A | $20.0M | 0.0% | 578,000 | — | — | Held |
| KRAFT FOODS GROUP INC | $10.8M | 0.0% | 192,666 | — | — | Held |
| UPS UNITED PARCEL SERVICE-CL B | $5.8M | 0.0% | 59,400 | — | — | Held |
| LEE1EUR LEE ENTERPRISES | $397K | 0.0% | 88,863 | — | — | Held |
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.