Holdings
| KHC KRAFT HEINZ CO | $28.43B | 19.2% | 325,634,818 | — | — | Held |
| WFC WELLS FARGO & CO | $26.44B | 17.9% | 479,704,270 | — | — | Held |
| KO COCA-COLA CO | $16.58B | 11.2% | 400,000,000 | — | — | Held |
| IBM INTL BUSINESS MACHINES CORP | $13.48B | 9.1% | 81,232,303 | — | — | Held |
| AXP AMERICAN EXPRESS CO | $11.23B | 7.6% | 151,610,700 | — | — | Held |
| PSX PHILLIPS 66 | $6.97B | 4.7% | 80,689,892 | — | — | Held |
| AAPL APPLE INC | $6.64B | 4.5% | 57,359,652 | +42,131,950 | +276.7% | Added |
| USB US BANCORP | $4.37B | 3.0% | 85,063,167 | — | — | Held |
| DAL DELTA AIR LINES INC | $2.95B | 2.0% | 60,025,995 | +53,692,072 | +847.7% | Added |
| CHTR CHARTER COMMUNICATIONS INC-A | $2.72B | 1.8% | 9,443,491 | — | — | Held |
| GS GOLDMAN SACHS GROUP INC | $2.62B | 1.8% | 10,959,519 | — | — | Held |
| DVA DAVITA INC | $2.48B | 1.7% | 38,565,570 | — | — | Held |
| MCO MOODY'S CORP | $2.33B | 1.6% | 24,669,778 | — | — | Held |
| LUV SOUTHWEST AIRLINES CO | $2.15B | 1.5% | 43,203,775 | +43,203,775 | — | New |
| AAL AMERICAN AIRLINES GROUP INC | $2.13B | 1.4% | 45,544,854 | +23,774,299 | +109.2% | Added |
| UAL UNITED AIRLINES HOLDINGS INC | $2.11B | 1.4% | 28,951,353 | +24,418,340 | +538.7% | Added |
| GM GENERAL MOTORS CO | $1.74B | 1.2% | 50,000,000 | — | — | Held |
| U S G CORP | $1.13B | 0.8% | 39,002,016 | — | — | Held |
| BNY BANK OF NEW YORK MELLON CORP | $1.03B | 0.7% | 21,671,969 | +535,257 | +2.5% | Added |
| VRSN VERISIGN INC | $985.3M | 0.7% | 12,952,745 | — | — | Held |
| MOSANTO CO NEW | $846.1M | 0.6% | 8,041,784 | +8,041,784 | — | New |
| MTB M & T BANK CORP | $841.9M | 0.6% | 5,382,040 | — | — | Held |
| V VISA INC-CLASS A SHARES | $824.1M | 0.6% | 10,562,460 | — | — | Held |
| LSXMKUSD LIBERTY MEDIA COR-SIRIUSXM C | $754.2M | 0.5% | 22,236,109 | — | — | Held |
| SIRIEUR SIRIUS XM HOLDINGS INC | $741.5M | 0.5% | 166,639,941 | +166,639,941 | — | New |
| COST COSTCO WHOLESALE CORP | $693.8M | 0.5% | 4,333,363 | — | — | Held |
| AXTA AXALTA COATING SYSTEMS LTD | $634.4M | 0.4% | 23,324,000 | — | — | Held |
| LBTYAUSD LIBERTY GLOBAL PLC-A | $617.3M | 0.4% | 20,180,897 | — | — | Held |
| MA MASTERCARD INC - A | $509.5M | 0.3% | 4,934,756 | — | — | Held |
| TMK TORCHMARK CORP | $468.7M | 0.3% | 6,353,727 | — | — | Held |
| QSR RESTAURANT BRANDS INTERN | $402.2M | 0.3% | 8,438,225 | — | — | Held |
| WBC1EUR WABCO HOLDINGS INC | $357.6M | 0.2% | 3,368,394 | — | — | Held |
| LM03 LIBERTY MEDIA COR-SIRIUSXM A | $347.2M | 0.2% | 10,058,800 | — | — | Held |
| GENERAL ELECTRIC CO | $334.5M | 0.2% | 10,585,502 | — | — | Held |
| TWENTY FIRST CENTY FOX INC | $251.0M | 0.2% | 8,951,869 | — | — | Held |
| LBTYKUSD LIBERTY GLOBAL PLC- C | $218.2M | 0.1% | 7,346,968 | — | — | Held |
| SNY SANOFI-ADR | $158.0M | 0.1% | 3,905,875 | — | — | Held |
| VRSK VERISK ANALYTICS INC | $126.9M | 0.1% | 1,563,434 | — | — | Held |
| WMT WALMART INC | $96.3M | 0.1% | 1,393,513 | −11,578,061 | −89.3% | Reduced |
| 99998USD LIBERTY GLOBAL PLC LILAC - A | $59.6M | 0.0% | 2,714,854 | — | — | Held |
| GHC GRAHAM HOLDINGS CO-CLASS B | $55.1M | 0.0% | 107,575 | — | — | Held |
| JNJ JOHNSON & JOHNSON | $37.7M | 0.0% | 327,100 | — | — | Held |
| 1LGEUSD LIBERTY GLOBAL PLC LILAC - C | $27.2M | 0.0% | 1,284,020 | — | — | Held |
| PG PROCTER & GAMBLE CO | $26.5M | 0.0% | 315,400 | — | — | Held |
| MDLZ MONDELEZ INTERNATIONAL INC-A | $25.6M | 0.0% | 578,000 | — | — | Held |
| UPS UNITED PARCEL SERVICE-CL B | $6.8M | 0.0% | 59,400 | — | — | Held |
| VZ VERIZON COMMUNICATIONS INC | $50K | 0.0% | 928 | −15,000,000 | −100.0% | Reduced |
Sold positions
| Holding | Shares sold | Prior value |
|---|---|---|
| DE DEERE & CO | 21,085,061 | $1.80B |
| KMI KINDER MORGAN INC | 20,000,000 | $462.6M |
| FWONKUSD LIBERTY MEDIA CORP-LIBERTY-C | 3,189,041 | $89.7M |
| DNOW DNOW INC | 1,825,569 | $39.1M |
| LM05 LIBERTY MEDIA CORP-LIBERTY-A | 1,296,013 | $37.1M |
| LEE1EUR LEE ENTERPRISES | 88,863 | $333K |
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.