Warren Buffett - Berkshire Hathaway Inc
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    29
Portfolio value:    $263,095,703,570
Holdings Activity Buys Sells    History
History Stock Activity Share change % change to portfolio
Q1 2026
BAC - Bank of America Corp. Reduce 0.71% 3,671,769 0.07
LLYVK - Liberty Media Corp. Series C Live Reduce 3.03% 330,518 0.01
DVA - DaVita HealthCare Partners Reduce 5.22% 1,658,480 0.07
CVX - Chevron Corp. Reduce 35.17% 45,780,506 2.55
NUE - Nucor Corp. Reduce 39.03% 2,500,674 0.15
STZ - Constellation Brands Reduce 95.13% 12,367,110 0.62
V - Visa Inc. Sell 100.00% 8,297,460 1.06
MA - Mastercard Inc. Sell 100.00% 3,986,648 0.83
UNH - United Health Group Inc. Sell 100.00% 5,039,564 0.61
DPZ - Dominos Pizza Inc. Sell 100.00% 3,350,000 0.51
AON - Aon Plc Sell 100.00% 3,602,995 0.46
POOL - Pool Corp. Sell 100.00% 3,068,885 0.26
AMZN - Amazon.com Inc. Sell 100.00% 2,276,000 0.19
HEI.A - HEICO Corp. CL A Sell 100.00% 1,294,612 0.12
FWONK - Liberty Media Corp Formula One Series C Sell 100.00% 3,018,555 0.11
CHTR - Charter Communications Sell 100.00% 1,060,882 0.08
LAMR - Lamar Advertising Co. Sell 100.00% 1,202,410 0.06
ALLE - Allegion Plc Sell 100.00% 780,133 0.05
DEO - Diageo ADR Sell 100.00% 227,750 0.01
LILA - Liberty LiLAC Group A Sell 100.00% 2,396,665 0.01
LILAK - Liberty LiLAC Group C Sell 100.00% 1,284,020 0.00
BATRK - Atlanta Braves Holdings Inc. Series C Sell 100.00% 115,428 0.00
Q4 2025
DVA - DaVita HealthCare Partners Reduce 1.25% 401,514 0.02
STZ - Constellation Brands Reduce 2.99% 400,000 0.02
AAPL - Apple Inc. Reduce 4.32% 10,294,956 0.98
LILA - Liberty LiLAC Group A Reduce 8.90% 234,127 0.00
BAC - Bank of America Corp. Reduce 8.94% 50,774,078 0.98
POOL - Pool Corp. Reduce 11.28% 390,000 0.05
AON - Aon Plc Reduce 12.12% 497,005 0.07
BATRK - Atlanta Braves Holdings Inc. Series C Reduce 48.39% 108,217 0.00
AMZN - Amazon.com Inc. Reduce 77.24% 7,724,000 0.63
LM0G - Liberty Media Corp Del Sell 100.00% 10,917,661 0.40
LM0H - Liberty Media Corp Del Sell 100.00% 4,986,588 0.18
LM09 - Liberty Media Corp Del Sell 100.00% 3,018,555 0.12
Q3 2025
NUE - Nucor Corp. Reduce 3.12% 206,363 0.01
DVA - DaVita HealthCare Partners Reduce 4.84% 1,635,962 0.09
BAC - Bank of America Corp. Reduce 6.15% 37,197,363 0.68
AAPL - Apple Inc. Reduce 14.92% 41,787,236 3.33
VRSN - Verisign Inc. Reduce 32.36% 4,300,000 0.48
DHI - D.R. Horton Sell 100.00% 1,485,350 0.07
Q2 2025
DVA - DaVita HealthCare Partners Reduce 3.83% 1,345,938 0.08
BAC - Bank of America Corp. Reduce 4.17% 26,306,156 0.42
AAPL - Apple Inc. Reduce 6.67% 20,000,000 1.72
LM09 - Liberty Media Corp Del Reduce 14.05% 493,445 0.02
CHTR - Charter Communications Reduce 46.54% 923,377 0.13
TMUS - T-Mobile US Inc. Sell 100.00% 3,883,145 0.40
Q1 2025
CHTR - Charter Communications Reduce 0.38% 7,500 0.00
DVA - DaVita HealthCare Partners Reduce 2.64% 953,091 0.05
COF - Capital One Financial Reduce 4.03% 300,000 0.02
BAC - Bank of America Corp. Reduce 7.15% 48,660,056 0.80
TMUS - T-Mobile US Inc. Reduce 10.73% 466,855 0.04
LM09 - Liberty Media Corp Del Reduce 48.36% 3,289,360 0.12
C - Citigroup Inc. Sell 100.00% 14,639,502 0.39
NU - Nu Holdings Ltd Sell 100.00% 40,180,168 0.16
Q4 2024
LPX - Louisiana-Pacific Corp. Reduce 5.03% 300,000 0.01
TMUS - T-Mobile US Inc. Reduce 6.89% 322,000 0.02
LM09 - Liberty Media Corp Del Reduce 11.93% 921,091 0.03
BAC - Bank of America Corp. Reduce 14.72% 117,449,720 1.75
COF - Capital One Financial Reduce 18.13% 1,650,000 0.09
CHTR - Charter Communications Reduce 29.42% 830,120 0.10
NU - Nu Holdings Ltd Reduce 53.52% 46,258,829 0.24
C - Citigroup Inc. Reduce 73.50% 40,605,295 0.96
SPY - SPDR S&P 500 ETF Trust Sell 100.00% 39,400 0.01
VOO - Vanguard S&P 500 ETF Sell 100.00% 43,000 0.01
ULTA - Ulta Beauty, Inc. Sell 100.00% 24,203 0.00
Q3 2024
COF - Capital One Financial Reduce 7.32% 719,052 0.04
NU - Nu Holdings Ltd Reduce 19.31% 20,679,787 0.09
SIRI - SiriusXM Holdings Inc Reduce 20.86% 27,723,184 0.03
BAC - Bank of America Corp. Reduce 22.77% 235,168,699 3.34
AAPL - Apple Inc. Reduce 25.00% 100,000,000 7.52
CHTR - Charter Communications Reduce 26.30% 1,007,062 0.11
ULTA - Ulta Beauty, Inc. Reduce 96.49% 665,903 0.10
LSXMK - Liberty Media Corp Del Sell 100.00% 70,002,897 0.55
LSXMA - Liberty Media Corp Del Sell 100.00% 35,182,219 0.28
FND - Floor & Decor Holdings Sell 100.00% 3,977,870 0.14
Q2 2024
LM0H - Liberty Media Corp Del Reduce 1.29% 65,330 0.00
LM0G - Liberty Media Corp Del Reduce 1.93% 214,929 0.00
CVX - Chevron Corp. Reduce 3.55% 4,369,673 0.21
LPX - Louisiana-Pacific Corp. Reduce 9.60% 633,154 0.02
TMUS - T-Mobile US Inc. Reduce 10.87% 570,000 0.03
FND - Floor & Decor Holdings Reduce 16.78% 802,130 0.03
COF - Capital One Financial Reduce 21.27% 2,651,978 0.12
AAPL - Apple Inc. Reduce 49.33% 389,368,450 20.13
SNOW - Snowflake Inc. Sell 100.00% 6,125,376 0.30
PARA - Paramount Global Sell 100.00% 7,531,765 0.03
Q1 2024
CVX - Chevron Corp. Reduce 2.47% 3,113,119 0.13
LPX - Louisiana-Pacific Corp. Reduce 6.34% 446,962 0.01
SIRI - SiriusXM Holdings Inc Reduce 8.85% 3,561,146 0.01
AAPL - Apple Inc. Reduce 12.83% 116,191,550 6.44
PARA - Paramount Global Reduce 88.11% 55,790,726 0.24
HPQ - HP Inc. Sell 100.00% 22,852,715 0.20
Q4 2023
AAPL - Apple Inc. Reduce 1.09% 10,000,382 0.55
PARA - Paramount Global Reduce 32.44% 30,408,484 0.13
HPQ - HP Inc. Reduce 77.71% 79,666,320 0.65
DHI - D.R. Horton Sell 100.00% 5,969,714 0.20
MKL - Markel Group Inc. Sell 100.00% 158,715 0.07
STNE - Stoneco Ltd Sell 100.00% 10,695,448 0.04
GL - Globe Life Inc. Sell 100.00% 831,014 0.03
Q3 2023
AMZN - Amazon.com Inc. Reduce 5.22% 551,000 0.02
AON - Aon Plc Reduce 5.42% 235,000 0.02
CVX - Chevron Corp. Reduce 10.45% 12,871,831 0.58
HPQ - HP Inc. Reduce 15.24% 18,433,783 0.16
MKL - Markel Group Inc. Reduce 66.35% 312,946 0.13
GL - Globe Life Inc. Reduce 66.97% 1,684,560 0.05
ATVI - Activision Blizzard Inc Sell 100.00% 14,658,121 0.35
GM - General Motors Sell 100.00% 22,000,000 0.24
CE - Celanese Corp. Sell 100.00% 5,358,535 0.18
JNJ - Johnson & Johnson Sell 100.00% 327,100 0.02
MDLZ - Mondelez International Sell 100.00% 578,000 0.01
PG - Procter & Gamble Sell 100.00% 315,400 0.01
UPS - United Parcel Service Sell 100.00% 59,400 0.00
Q2 2023
CVX - Chevron Corp. Reduce 7.01% 9,287,475 0.47
CE - Celanese Corp. Reduce 39.24% 3,460,481 0.12
GM - General Motors Reduce 45.00% 18,000,000 0.20
GL - Globe Life Inc. Reduce 60.41% 3,838,153 0.13
ATVI - Activision Blizzard Inc Reduce 70.35% 34,781,660 0.91
MCK - McKesson Corp. Sell 100.00% 2,289,864 0.25
MRSH - Marsh Sell 100.00% 404,911 0.02
VTS - Vitesse Energy Inc Sell 100.00% 51,026 0.00
Q1 2023
AMZN - Amazon.com Inc. Reduce 1.08% 115,000 0.00
AON - Aon Plc Reduce 1.39% 61,000 0.01
ALLY - Ally Financial Inc. Reduce 2.68% 800,000 0.01
ATVI - Activision Blizzard Inc Reduce 6.22% 3,277,294 0.08
CE - Celanese Corp. Reduce 9.18% 891,167 0.03
CVX - Chevron Corp. Reduce 18.76% 30,568,176 1.83
MCK - McKesson Corp. Reduce 19.81% 565,650 0.07
GM - General Motors Reduce 20.00% 10,000,000 0.11
BNY - Bank of New York Mellon Corp. Sell 100.00% 25,069,867 0.38
RH - Rh Sell 100.00% 2,360,000 0.21
TSM - Taiwan Semiconductor S.A. Sell 100.00% 8,292,724 0.21
USB - U.S. Bancorp Sell 100.00% 6,670,835 0.10
Q4 2022
KR - Kroger Co. Reduce 0.53% 268,823 0.00
ALLY - Ally Financial Inc. Reduce 0.67% 200,000 0.00
CVX - Chevron Corp. Reduce 1.44% 2,383,547 0.12
MCK - McKesson Corp. Reduce 10.72% 342,830 0.04
ATVI - Activision Blizzard Inc Reduce 12.35% 7,424,791 0.19
BNY - Bank of New York Mellon Corp. Reduce 59.70% 37,141,011 0.48
TSM - Taiwan Semiconductor S.A. Reduce 86.19% 51,768,156 1.20
USB - U.S. Bancorp Reduce 91.42% 71,117,379 0.97
Q3 2022
KR - Kroger Co. Reduce 4.14% 2,168,472 0.03
GM - General Motors Reduce 5.44% 2,877,359 0.03
ATVI - Activision Blizzard Inc Reduce 12.07% 8,259,284 0.21
BNY - Bank of New York Mellon Corp. Reduce 14.02% 10,146,575 0.14
USB - U.S. Bancorp Reduce 35.07% 42,016,921 0.65
STOR - Store Cap Corp Sell 100.00% 6,928,413 0.06
Q2 2022
USB - U.S. Bancorp Reduce 5.23% 6,612,752 0.10
KR - Kroger Co. Reduce 9.57% 5,547,968 0.09
GM - General Motors Reduce 14.78% 9,168,488 0.11
STOR - Store Cap Corp Reduce 53.04% 7,826,398 0.06
RPRX - Royalty Pharma plc Sell 100.00% 1,496,372 0.02
VZ - Verizon Communications Sell 100.00% 1,380,111 0.02
Q1 2022
KR - Kroger Co. Reduce 5.58% 3,427,647 0.05
STOR - Store Cap Corp Reduce 39.57% 9,660,357 0.10
RPRX - Royalty Pharma plc Reduce 82.70% 7,151,896 0.08
VZ - Verizon Communications Reduce 99.13% 157,444,464 2.48
ABBV - AbbVie Inc. Sell 100.00% 3,033,561 0.12
BMY - Bristol-Myers Squibb Sell 100.00% 5,202,674 0.10
WFC - Wells Fargo Sell 100.00% 675,054 0.01
Q4 2021
KR - Kroger Co. Reduce 0.61% 375,000 0.01
MA - Mastercard Inc. Reduce 7.04% 302,000 0.04
CHTR - Charter Communications Reduce 8.85% 371,685 0.09
V - Visa Inc. Reduce 13.23% 1,265,000 0.10
RPRX - Royalty Pharma plc Reduce 34.21% 4,497,634 0.05
BMY - Bristol-Myers Squibb Reduce 76.40% 16,844,262 0.34
ABBV - AbbVie Inc. Reduce 78.93% 11,364,927 0.42
MRSH - Marsh Reduce 85.23% 2,336,844 0.12
TEVA - Teva Pharmaceutical Industries Ltd. Sell 100.00% 42,789,295 0.14
SIRI - SiriusXM Holdings Inc Sell 100.00% 43,658,800 0.09
Q3 2021
USB - U.S. Bancorp Reduce 1.92% 2,471,019 0.05
V - Visa Inc. Reduce 4.26% 425,000 0.03
MA - Mastercard Inc. Reduce 6.05% 276,108 0.03
BMY - Bristol-Myers Squibb Reduce 16.15% 4,247,330 0.10
CHTR - Charter Communications Reduce 19.43% 1,012,835 0.25
ABBV - AbbVie Inc. Reduce 29.86% 6,129,373 0.24
MRSH - Marsh Reduce 34.67% 1,454,937 0.07
MRK - Merck & Co. Sell 100.00% 9,157,192 0.24
LBTYK - Liberty Global Ltd CL C Sell 100.00% 1,876,522 0.02
OGN - Organon & Co. Sell 100.00% 1,550,481 0.02
Q2 2021
USB - U.S. Bancorp Reduce 0.62% 798,178 0.02
CVX - Chevron Corp. Reduce 2.32% 548,351 0.02
ABBV - AbbVie Inc. Reduce 10.23% 2,340,317 0.09
GM - General Motors Reduce 10.45% 7,000,000 0.15
BMY - Bristol-Myers Squibb Reduce 15.27% 4,737,961 0.11
MRSH - Marsh Reduce 20.63% 1,090,834 0.05
MRK - Merck & Co. Reduce 48.79% 8,725,196 0.25
LBTYK - Liberty Global Ltd CL C Reduce 74.46% 5,470,446 0.05
AXTA - Axalta Coating Systems Ltd. Sell 100.00% 13,887,037 0.15
BIIB - Biogen Inc. Sell 100.00% 643,022 0.07
LBTYA - Liberty Global Ltd CL A Sell 100.00% 3,359,831 0.03
Q1 2021
USB - U.S. Bancorp Reduce 1.11% 1,450,914 0.03
BMY - Bristol-Myers Squibb Reduce 6.91% 2,303,789 0.05
GM - General Motors Reduce 7.59% 5,500,000 0.08
ABBV - AbbVie Inc. Reduce 10.44% 2,664,904 0.11
SIRI - SiriusXM Holdings Inc Reduce 12.68% 6,341,200 0.02
STNE - Stoneco Ltd Reduce 24.50% 3,471,300 0.11
MRK - Merck & Co. Reduce 37.69% 10,815,047 0.33
AXTA - Axalta Coating Systems Ltd. Reduce 40.70% 9,532,963 0.10
CVX - Chevron Corp. Reduce 51.19% 24,826,694 0.78
LBTYA - Liberty Global Ltd CL A Reduce 81.34% 14,650,169 0.13
WFC - Wells Fargo Reduce 98.71% 51,748,813 0.58
SYF - Synchrony Financial Sell 100.00% 20,128,000 0.26
SU - Suncor Energy Inc. Sell 100.00% 13,849,207 0.09
Q4 2020
USB - U.S. Bancorp Reduce 0.62% 823,834 0.01
AAPL - Apple Inc. Reduce 6.05% 57,160,000 2.89
GM - General Motors Reduce 9.38% 7,500,000 0.10
LILAK - Liberty LiLAC Group C Reduce 10.22% 146,177 0.00
SU - Suncor Energy Inc. Reduce 27.87% 5,352,318 0.03
WFC - Wells Fargo Reduce 58.84% 74,956,573 0.77
ABX - Barrick Gold Corporation Sell 100.00% 12,000,000 0.15
MTB - M&T Bank Corp. Sell 100.00% 2,919,613 0.12
PNC - PNC Financial Services Sell 100.00% 1,919,827 0.09
PFE - Pfizer Inc. Sell 100.00% 3,711,780 0.06
JPM - JPMorgan Chase & Co. Sell 100.00% 967,267 0.04
Q3 2020
AXTA - Axalta Coating Systems Ltd. Reduce 2.70% 650,000 0.01
DVA - DaVita HealthCare Partners Reduce 5.25% 2,000,000 0.08
LBTYA - Liberty Global Ltd CL A Reduce 6.73% 1,300,000 0.01
MTB - M&T Bank Corp. Reduce 35.64% 1,616,561 0.08
ABX - Barrick Gold Corporation Reduce 42.64% 8,918,701 0.12
WFC - Wells Fargo Reduce 46.38% 110,202,265 1.39
PNC - PNC Financial Services Reduce 64.12% 3,430,759 0.18
JPM - JPMorgan Chase & Co. Reduce 95.64% 21,241,160 0.99
COST - Costco Co. Sell 100.00% 4,333,363 0.65
Q2 2020
USB - U.S. Bancorp Reduce 0.38% 497,786 0.01
CHTR - Charter Communications Reduce 3.93% 213,148 0.05
V - Visa Inc. Reduce 5.44% 575,000 0.05
MA - Mastercard Inc. Reduce 7.50% 370,000 0.05
BNY - Bank of New York Mellon Corp. Reduce 9.29% 7,407,604 0.14
MTB - M&T Bank Corp. Reduce 15.72% 845,866 0.05
WFC - Wells Fargo Reduce 26.49% 85,630,213 1.40
PNC - PNC Financial Services Reduce 41.83% 3,847,398 0.21
JPM - JPMorgan Chase & Co. Reduce 61.52% 35,506,006 1.82
SIRI - SiriusXM Holdings Inc Reduce 62.24% 82,418,729 0.23
DAL - Delta Air Lines Inc. Sell 100.00% 71,886,963 1.17
LUV - Southwest Airlines Sell 100.00% 53,642,713 1.09
UAL - United Airlines Holdings Inc. Sell 100.00% 22,157,608 0.40
AAL - American Airls Group Inc Sell 100.00% 41,909,000 0.29
QSR - Restaurant Brands International Inc. Sell 100.00% 8,438,225 0.19
GS - Goldman Sachs Group Sell 100.00% 1,920,180 0.17
OXY - Occidental Petroleum Sell 100.00% 18,933,054 0.12
Q1 2020
LUV - Southwest Airlines Reduce 0.01% 6,500 0.00
GM - General Motors Reduce 0.43% 319,000 0.00
SU - Suncor Energy Inc. Reduce 0.47% 70,000 0.00
AMZN - Amazon.com Inc. Reduce 0.74% 80,000 0.00
LSXMK - Liberty Media Corp Delaware Reduce 0.77% 240,000 0.00
AXTA - Axalta Coating Systems Ltd. Reduce 0.80% 194,000 0.00
BIIB - Biogen Inc. Reduce 0.84% 5,425 0.00
TEVA - Teva Pharmaceutical Industries Ltd. Reduce 1.06% 460,000 0.00
VRSN - Verisign Inc. Reduce 1.06% 137,132 0.01
DVA - DaVita HealthCare Partners Reduce 1.22% 470,000 0.01
AAL - American Airls Group Inc Reduce 1.39% 591,000 0.01
LBTYA - Liberty Global Ltd CL A Reduce 2.43% 481,000 0.00
SIRI - SiriusXM Holdings Inc Reduce 2.83% 3,857,000 0.01
JPM - JPMorgan Chase & Co. Reduce 3.03% 1,800,499 0.10
LILA - Liberty LiLAC Group A Reduce 3.10% 84,062 0.00
SYF - Synchrony Financial Reduce 3.24% 675,000 0.01
GS - Goldman Sachs Group Reduce 84.00% 10,084,571 0.96
TRV - Travelers Companies Inc. Sell 100.00% 312,379 0.02
PSX - Phillips 66 Sell 100.00% 227,436 0.01
Q4 2019
BAC - Bank of America Corp. Reduce 0.24% 2,240,000 0.03
BNY - Bank of New York Mellon Corp. Reduce 1.45% 1,172,193 0.02
AAPL - Apple Inc. Reduce 1.48% 3,683,113 0.38
AAL - American Airls Group Inc Reduce 2.75% 1,200,000 0.02
WFC - Wells Fargo Reduce 14.58% 55,156,100 1.30
GS - Goldman Sachs Group Reduce 34.59% 6,348,884 0.61
TRV - Travelers Companies Inc. Reduce 94.76% 5,646,012 0.39
PSX - Phillips 66 Reduce 95.61% 4,955,201 0.24
Q3 2019
AAPL - Apple Inc. Reduce 0.30% 750,650 0.07
SIRI - SiriusXM Holdings Inc Reduce 1.19% 1,640,000 0.00
PSX - Phillips 66 Reduce 6.66% 370,078 0.02
WFC - Wells Fargo Reduce 7.67% 31,434,755 0.71
RHT - Red Hat Inc Sell 100.00% 5,171,890 0.47
TMJ - Torchmark Corp Sell 100.00% 6,353,727 0.27
Q2 2019
CHTR - Charter Communications Reduce 4.97% 284,102 0.05
USG - U S G Corp Sell 100.00% 39,002,016 0.85
Q1 2019
LUV - Southwest Airlines Reduce 2.18% 1,198,186 0.03
WFC - Wells Fargo Reduce 3.98% 16,965,129 0.43
CHTR - Charter Communications Reduce 18.81% 1,322,788 0.20
PSX - Phillips 66 Reduce 53.32% 6,343,127 0.30
VZ - Verizon Communications Sell 100.00% 928 0.00
Q4 2018
AAPL - Apple Inc. Reduce 1.14% 2,889,450 0.30
LUV - Southwest Airlines Reduce 2.14% 1,200,000 0.03
WFC - Wells Fargo Reduce 3.52% 15,592,798 0.37
CHTR - Charter Communications Reduce 4.19% 307,486 0.05
UAL - United Airlines Holdings Inc. Reduce 15.57% 4,045,900 0.16
PSX - Phillips 66 Reduce 22.92% 3,537,182 0.18
ORCL - Oracle Corp. Sell 100.00% 41,404,791 0.97
Q3 2018
LUV - Southwest Airlines Reduce 0.88% 500,000 0.01
WFC - Wells Fargo Reduce 2.14% 9,652,058 0.27
CHTR - Charter Communications Reduce 2.17% 163,200 0.02
AAL - American Airls Group Inc Reduce 2.24% 1,000,000 0.02
UAL - United Airlines Holdings Inc. Reduce 2.62% 700,000 0.02
PSX - Phillips 66 Reduce 55.56% 19,296,490 1.11
SNY - Sanofi Aventis Sell 100.00% 3,701,012 0.08
WMT - Walmart Inc. Sell 100.00% 1,393,513 0.06
Q2 2018
WFC - Wells Fargo Reduce 0.99% 4,499,486 0.12
AAL - American Airls Group Inc Reduce 2.83% 1,300,000 0.04
UAL - United Airlines Holdings Inc. Reduce 3.69% 1,021,421 0.04
CHTR - Charter Communications Reduce 8.74% 718,688 0.12
PSX - Phillips 66 Reduce 23.99% 10,960,378 0.56
MOO - Mosanto Co New Sell 100.00% 18,970,134 1.17
VRSK - Verisk Analytics Inc. Sell 100.00% 284,778 0.02
Q1 2018
WFC - Wells Fargo Reduce 0.38% 1,719,024 0.05
UAL - United Airlines Holdings Inc. Reduce 1.79% 505,600 0.02
CHTR - Charter Communications Reduce 3.14% 266,518 0.05
SNY - Sanofi Aventis Reduce 4.58% 177,512 0.00
LBTYA - Liberty Global Ltd CL A Reduce 9.78% 1,974,489 0.04
PSX - Phillips 66 Reduce 43.38% 35,000,000 1.85
VRSK - Verisk Analytics Inc. Reduce 81.79% 1,278,656 0.07
IBM - International Business Machines Corp. Sell 100.00% 2,048,045 0.16
1LGD - Liberty Global Plc Sell 100.00% 2,714,854 0.03
GHC - Graham Holdings Co. Sell 100.00% 107,575 0.03
1LGE - Liberty Global Plc Sell 100.00% 1,284,020 0.01
Q4 2017
SNY - Sanofi Aventis Reduce 0.70% 27,351 0.00
WFC - Wells Fargo Reduce 1.29% 6,000,000 0.19
AAL - American Airls Group Inc Reduce 2.13% 1,000,000 0.03
GM - General Motors Reduce 16.67% 10,000,000 0.23
IBM - International Business Machines Corp. Reduce 94.47% 34,978,653 2.85
Q3 2017
WFC - Wells Fargo Reduce 0.80% 3,755,002 0.13
CHTR - Charter Communications Reduce 10.10% 954,100 0.20
IBM - International Business Machines Corp. Reduce 31.54% 17,057,975 1.62
WBC - Wabco Hldgs Inc Sell 100.00% 63,195 0.01
Q2 2017
WFC - Wells Fargo Reduce 2.44% 11,717,000 0.40
UAL - United Airlines Holdings Inc. Reduce 2.56% 739,790 0.03
DAL - Delta Air Lines Inc. Reduce 3.48% 1,915,600 0.05
AAL - American Airls Group Inc Reduce 4.62% 2,278,854 0.06
IBM - International Business Machines Corp. Reduce 16.23% 10,477,282 1.13
SIRI - SiriusXM Holdings Inc Reduce 19.97% 34,409,624 0.11
WBC - Wabco Hldgs Inc Reduce 97.83% 2,845,359 0.21
6683 - General Electric Co Sell 100.00% 10,585,502 0.19
Q1 2017
DAL - Delta Air Lines Inc. Reduce 8.33% 5,000,000 0.17
WBC - Wabco Hldgs Inc Reduce 13.65% 459,840 0.03
IBM - International Business Machines Corp. Reduce 20.52% 16,670,348 1.87
NWS.A - Twenty First Centy Fox Inc Sell 100.00% 8,951,869 0.17
Q4 2016
WMT - Walmart Inc. Reduce 89.26% 11,578,061 0.65
VZ - Verizon Communications Reduce 99.99% 15,000,000 0.61
DE - Deere & Co. Sell 100.00% 21,085,061 1.40
KMI - Kinder Morgan Sell 100.00% 20,000,000 0.36
LM09 - Liberty Media Corp Delaware Sell 100.00% 3,189,041 0.07
DNOW - NOW Inc. Sell 100.00% 1,825,569 0.03
LM05 - Liberty Media Corp Delaware Sell 100.00% 1,296,013 0.03
LEE - Lee Enterprises Inc Sell 100.00% 88,863 0.00
Q3 2016
DE - Deere & Co. Reduce 3.98% 874,185 0.05
KMI - Kinder Morgan Reduce 24.62% 6,533,525 0.09
LM09 - Liberty Media Corp Delaware Reduce 36.22% 1,810,957 0.03
LM05 - Liberty Media Corp Delaware Reduce 48.16% 1,203,985 0.02
WMT - Walmart Inc. Reduce 67.75% 27,254,828 1.53
SU - Suncor Energy Inc. Sell 100.00% 22,275,381 0.48
M0G - Media Gen Inc New Sell 100.00% 3,471,309 0.05
Q2 2016
VRSN - Verisign Inc. Reduce 0.25% 32,255 0.00
DE - Deere & Co. Reduce 5.68% 1,321,748 0.08
CHTR - Charter Communications Reduce 9.58% 989,312 0.16
SU - Suncor Energy Inc. Reduce 25.75% 7,724,619 0.17
WMT - Walmart Inc. Reduce 27.17% 15,009,461 0.80
LM02 - Liberty Media Corp Delaware Sell 100.00% 20,000,000 0.59
LM0 - Liberty Media Corp Delaware Sell 100.00% 10,000,000 0.30
Q1 2016
WMT - Walmart Inc. Reduce 1.69% 949,430 0.04
WBC - Wabco Hldgs Inc Reduce 2.83% 94,121 0.01
MA - Mastercard Inc. Reduce 5.64% 295,000 0.02
PG - Procter & Gamble Reduce 99.40% 52,477,678 3.16
T - AT&T Inc. Sell 100.00% 46,577,138 1.22
PCP - Precision Castparts Corp Sell 100.00% 4,200,792 0.74
Q4 2015
WBC - Wabco Hldgs Inc Reduce 6.41% 227,974 0.02
T - AT&T Inc. Reduce 21.48% 12,743,618 0.33
CBI - Chicago Bridge & Iron Co N V Sell 100.00% 1,983,190 0.06
Q3 2015
DE - Deere & Co. Reduce 1.49% 257,980 0.02
BNY - Bank of New York Mellon Corp. Reduce 2.75% 568,208 0.02
WBC - Wabco Hldgs Inc Reduce 5.77% 218,006 0.03
WMT - Walmart Inc. Reduce 6.96% 4,200,000 0.28
GS - Goldman Sachs Group Reduce 13.24% 1,672,012 0.33
M0G - Media Gen Inc New Reduce 25.29% 1,174,911 0.02
CBI - Chicago Bridge & Iron Co N V Reduce 78.74% 7,343,731 0.35
DIG1 - Directv Sell 100.00% 31,353,468 2.71
VIAB - Viacom Inc New Sell 100.00% 5,646,721 0.34
KRFT - Kraft Foods Group Inc Sell 100.00% 192,666 0.02
Q2 2015
WBC - Wabco Hldgs Inc Reduce 2.23% 86,000 0.01
CBI - Chicago Bridge & Iron Co N V Reduce 12.84% 1,374,189 0.06
VIAB - Viacom Inc New Reduce 31.68% 2,618,358 0.17
PSX - Phillips 66 Sell 100.00% 7,499,450 0.55
NOV - Nov Inc. Sell 100.00% 1,978,895 0.09
Q1 2015
MA - Mastercard Inc. Reduce 3.15% 170,000 0.01
CHTR - Charter Communications Reduce 3.53% 219,101 0.03
VIAB - Viacom Inc New Reduce 4.27% 369,111 0.03
LBTYA - Liberty Global Ltd CL A Reduce 4.38% 473,531 0.02
WBC - Wabco Hldgs Inc Reduce 5.23% 213,130 0.02
BNY - Bank of New York Mellon Corp. Reduce 6.05% 1,332,183 0.05
NOV - Nov Inc. Reduce 62.37% 3,279,490 0.20
Q4 2014
BNY - Bank of New York Mellon Corp. Reduce 5.84% 1,365,000 0.05
NOV - Nov Inc. Reduce 17.61% 1,123,975 0.08
XOM - Exxon Mobil Corp. Sell 100.00% 41,129,643 3.59
COP - ConocoPhillips Sell 100.00% 471,994 0.03
ESRX - Express Scripts Hldg Co Sell 100.00% 449,489 0.03
Q3 2014
PSX - Phillips 66 Reduce 4.52% 293,400 0.02
BNY - Bank of New York Mellon Corp. Reduce 5.17% 1,275,233 0.04
NOV - Nov Inc. Reduce 12.60% 919,918 0.07
COP - ConocoPhillips Reduce 65.17% 883,234 0.07
DE - Deere & Co. Sell 100.00% 3,978,767 0.34
Q2 2014
PCP - Precision Castparts Corp Reduce 5.09% 100,714 0.02
NOV - Nov Inc. Reduce 17.77% 1,577,722 0.12
LM0 - Liberty Media Corp Delaware Reduce 24.53% 1,300,000 0.16
DIG1 - Directv Reduce 32.01% 11,046,705 0.80
PSX - Phillips 66 Reduce 33.32% 3,245,503 0.24
COP - ConocoPhillips Reduce 87.77% 9,724,730 0.65
GHC - Graham Holdings Co. Reduce 93.77% 1,620,190 1.08
STRZA - Starz Sell 100.00% 1,919,541 0.06
Q1 2014
DIG1 - Directv Reduce 5.48% 2,000,000 0.13
GM - General Motors Reduce 25.00% 10,000,000 0.39
STRZA - Starz Reduce 57.74% 2,622,340 0.08
PSX - Phillips 66 Reduce 64.14% 17,422,615 1.28
Q4 2013
MCO - Moody's Corp. Reduce 1.01% 252,400 0.02
LM0 - Liberty Media Corp Delaware Reduce 5.73% 322,340 0.05
COP - ConocoPhillips Reduce 18.10% 2,449,312 0.19
STRZA - Starz Reduce 19.22% 1,080,459 0.03
SU - Suncor Energy Inc. Reduce 27.82% 5,009,957 0.20
DISH - Dish Network Corp Sell 100.00% 547,312 0.03
AP47 - Glaxosmithkline Plc Sell 100.00% 345,819 0.02
Q3 2013
DIG1 - Directv Reduce 2.04% 760,700 0.05
SNY - Sanofi Aventis Reduce 3.88% 157,800 0.01
COP - ConocoPhillips Reduce 43.92% 10,594,641 0.73
AP47 - Glaxosmithkline Plc Reduce 76.57% 1,130,202 0.06
Q2 2013
AP47 - Glaxosmithkline Plc Reduce 2.28% 34,479 0.00
MCO - Moody's Corp. Reduce 12.29% 3,493,072 0.22
KRFT - Kraft Foods Group Inc Reduce 87.97% 1,409,395 0.09
MDLZ - Mondelez International Reduce 91.80% 6,474,750 0.24
Q1 2013
BNY - Bank of New York Mellon Corp. Reduce 3.54% 694,800 0.02
KRFT - Kraft Foods Group Inc Reduce 3.99% 66,653 0.00
MDLZ - Mondelez International Reduce 45.07% 5,787,700 0.20
GD - General Dynamics Sell 100.00% 3,877,122 0.36
ADM - Archer-Daniels-Midland Sell 100.00% 5,956,600 0.22
Q4 2012
JNJ - Johnson & Johnson Reduce 33.52% 164,928 0.02
LEE - Lee Enterprises Inc Reduce 92.14% 1,041,857 0.00
KFT - Kraft Foods Inc Sell 100.00% 30,464,350 1.70
Q3 2012
USB - U.S. Bancorp Reduce 7.18% 4,736,112 0.21
PG - Procter & Gamble Reduce 11.42% 6,809,125 0.58
COP - ConocoPhillips Reduce 16.44% 4,744,726 0.37
VRSK - Verisk Analytics Inc. Reduce 16.48% 308,437 0.02
V - Visa Inc. Reduce 25.21% 524,200 0.09
KFT - Kraft Foods Inc Reduce 48.21% 28,362,040 1.53
LEE - Lee Enterprises Inc Reduce 64.95% 2,095,102 0.01
UPS - United Parcel Service Reduce 77.32% 202,500 0.02
6683 - General Electric Co Reduce 88.24% 4,419,725 0.13
JNJ - Johnson & Johnson Reduce 95.24% 9,841,100 0.92
CVS - CVS Health Corp. Sell 100.00% 5,301,916 0.35
DG - Dollar General Sell 100.00% 3,320,885 0.25
IREUR - Ingersoll-Rand Plc Sell 100.00% 20,400 0.00
Q2 2012
COP - ConocoPhillips Reduce 0.80% 232,300 0.03
USB - U.S. Bancorp Reduce 4.40% 3,038,713 0.13
PG - Procter & Gamble Reduce 22.36% 17,163,833 1.78
CVS - CVS Health Corp. Reduce 25.39% 1,804,584 0.11
DG - Dollar General Reduce 26.16% 1,176,362 0.08
V - Visa Inc. Reduce 27.41% 785,349 0.12
KFT - Kraft Foods Inc Reduce 32.41% 28,208,323 1.63
6683 - General Electric Co Reduce 35.60% 2,769,275 0.08
VRSK - Verisk Analytics Inc. Reduce 45.66% 1,573,158 0.10
JNJ - Johnson & Johnson Reduce 64.39% 18,684,999 1.90
UPS - United Parcel Service Reduce 81.68% 1,167,300 0.13
INTC - Intel Corp. Sell 100.00% 11,495,000 0.43
INGR - Ingredion Inc. Sell 100.00% 636,600 0.03
CDCO - Comdisco Holding Co........... Sell 100.00% 1,538,377 0.01
Q4 2011
KFT - Kraft Foods Inc......... Reduce 3.02% 2,711,995 0.16
JNJ - Johnson & Johnson Reduce 22.51% 8,428,661 0.92
XOM - Exxon Mobil Corp. Sell 100.00% 421,800 0.05
Q3 2011
COP - ConocoPhillips Reduce 0.00% 700 0.00
KFT - Kraft Foods Inc........... Reduce 9.77% 9,720,916 0.66
JNJ - Johnson & Johnson Reduce 12.15% 5,177,775 0.67
Q2 2011
KFT - Kraft Foods Inc. Reduce 5.46% 5,746,960 0.34
1556464D - Wesco Finl Corp. Sell 100.00% 5,703,087 4.20
Q1 2011
COP - ConocoPhillips Reduce 0.03% 8,000 0.00
Q4 2010
MCO - Moody's Corp. Reduce 1.59% 458,506 0.02
BNY - Bank of New York Mellon Corp. Reduce 9.98% 198,844 0.01
NKE - NIKE Inc. Sell 100.00% 3,642,929 0.61
FISV - Fiserv Inc. Sell 100.00% 3,910,800 0.44
NSRGY - Nestle Sell 100.00% 3,400,000 0.38
NLC - Nalco Holding Co. Sell 100.00% 6,142,300 0.32
LOW - Lowe's Cos. Sell 100.00% 6,500,000 0.30
BDX - Becton Dickinson Sell 100.00% 1,889,889 0.29
BAC - Bank of America Corp. Sell 100.00% 5,000,000 0.14
CMCSK - Comcast Corp Sell 100.00% 186,897 0.01
Q3 2010
PG - Procter & Gamble Reduce 1.67% 1,305,000 0.17
MCO - Moody's Corp. Reduce 6.20% 1,910,120 0.08
FISV - Fiserv Inc. Reduce 11.12% 489,200 0.05
NLC - Nalco Holding Co. Reduce 32.87% 3,007,700 0.13
NKE - NIKE Inc. Reduce 52.32% 3,998,071 0.59
INGR - Ingredion Inc. Reduce 88.71% 5,000,000 0.38
CMCSK - Comcast Corp Reduce 98.44% 11,813,103 0.42
RSG - Republic Services Inc. Sell 100.00% 10,827,700 0.70
IRM* - Iron Mountain Inc. Sell 100.00% 8,000,000 0.39
KMX - CarMax Inc. Sell 100.00% 7,725,900 0.34
NRG - NRG Energy Inc. Sell 100.00% 6,000,000 0.28
HD - Home Depot Sell 100.00% 2,757,898 0.17
Q2 2010
PG - Procter & Gamble Reduce 1.30% 1,025,748 0.13
KFT - Kraft Foods Inc. Reduce 1.42% 1,520,161 0.09
MTB - M&T Bank Corp. Reduce 3.59% 199,460 0.03
COP - ConocoPhillips Reduce 14.83% 5,069,612 0.52
Q1 2010
MCO - Moody's Corp. Reduce 3.24% 1,030,734 0.05
KMX - CarMax Inc. Reduce 3.43% 274,100 0.01
COP - ConocoPhillips Reduce 9.37% 3,532,081 0.32
PG - Procter & Gamble Reduce 9.61% 8,406,627 0.89
JNJ - Johnson & Johnson Reduce 11.95% 3,241,019 0.37
MTB - M&T Bank Corp. Reduce 17.15% 1,151,779 0.14
COST - Costco Co. Reduce 17.52% 920,637 0.09
KFT - Kraft Foods Inc. Reduce 22.81% 31,537,755 1.50
BNI - Burlington Northern Santa Fe Sell 100.00% 76,777,029 13.27
SUU - Sun Trusts Banks Inc. Sell 100.00% 2,398,206 0.09
UNH - United Health Group Inc. Sell 100.00% 1,175,000 0.06
TRV - Travelers Companies Inc. Sell 100.00% 27,336 0.00
Q4 2009
PG - Procter & Gamble Reduce 9.15% 8,812,599 0.92
KMX - CarMax Inc. Reduce 11.11% 1,000,000 0.04
MCO - Moody's Corp. Reduce 18.88% 7,404,702 0.27
SUU - Sun Trusts Banks Inc. Reduce 22.13% 681,572 0.03
JNJ - Johnson & Johnson Reduce 26.50% 9,782,166 1.07
INGR - Ingredion Inc. Reduce 27.57% 2,146,000 0.12
COP - ConocoPhillips Reduce 34.34% 19,718,838 1.60
UNH - United Health Group Inc. Reduce 65.44% 2,225,000 0.10
XOM - Exxon Mobil Corp. Reduce 66.95% 854,490 0.11
UNP - Union Pacific Sell 100.00% 9,558,000 1.00
NSC - Norfolk Southern Corp. Sell 100.00% 1,933,000 0.15
Q3 2009
SUU - Sun Trusts Banks Inc. Reduce 3.90% 124,822 0.00
COP - ConocoPhillips Reduce 10.94% 7,055,591 0.62
NRG - NRG Energy Inc. Reduce 16.67% 1,200,000 0.07
MCO - Moody's Corp. Reduce 18.29% 8,780,688 0.48
ETN - Eaton Corp. Sell 100.00% 2,000,000 0.19
WBC - Wabco Holdings Inc. Sell 100.00% 2,700,000 0.10
Q2 2009
COP - ConocoPhillips Reduce 9.47% 6,742,337 0.66
UNH - United Health Group Inc. Reduce 24.44% 1,100,000 0.06
KMX - CarMax Inc. Reduce 25.00% 3,000,000 0.09
HD - Home Depot Reduce 25.46% 942,102 0.06
ETN - Eaton Corp. Reduce 37.50% 1,200,000 0.11
CEG - Constellation Energy Corp. Sell 100.00% 14,828,207 0.76
Q1 2009
COP - ConocoPhillips Reduce 10.85% 8,668,177 0.88
CEG - Constellation Energy Corp. Reduce 25.48% 5,069,115 0.25
UNH - United Health Group Inc. Reduce 28.57% 1,800,000 0.09
KMX - CarMax Inc. Reduce 31.96% 5,636,500 0.09
Q4 2008
WFC - Wells Fargo Reduce 0.06% 162,800 0.01
UNH - United Health Group Inc. Reduce 1.25% 79,900 0.00
KMX - CarMax Inc. Reduce 4.38% 807,600 0.02
COP - ConocoPhillips Reduce 4.84% 4,059,527 0.52
USB - U.S. Bancorp Reduce 7.38% 5,385,700 0.34
PG - Procter & Gamble Reduce 9.00% 9,530,990 1.17
JNJ - Johnson & Johnson Reduce 53.67% 33,142,857 4.03
3393199Q - Anheuser Busch Cos. Inc. Sell 100.00% 13,845,000 1.58
Q3 2008
WFC - Wells Fargo Reduce 0.09% 247,200 0.01
UNH - United Health Group Inc. Reduce 0.31% 20,100 0.00
LOW - Lowe's Cos. Reduce 7.14% 500,000 0.02
HD - Home Depot Reduce 11.50% 481,000 0.02
KMX - CarMax Inc. Reduce 13.41% 2,855,900 0.07
BAC - Bank of America Corp. Reduce 45.05% 4,100,000 0.17
KO - Coca Cola Co. Reduce 69.97% 139,945,600 12.86
AXP - American Express Reduce 79.32% 120,255,879 8.01
Q2 2008
3393199Q - Anheuser Busch Cos. Inc. Reduce 61.07% 21,718,200 1.59
COP - ConocoPhillips Sell 100.00% 17,508,700 2.05
XAM - Trane Inc. Sell 100.00% 10,901,900 0.77
Q1 2008
XAM - Trane Inc. Reduce 0.55% 60,500 0.00
IRM* - Iron Mountain Inc. Reduce 27.70% 1,291,700 0.07
AMP - Ameriprise Financial Inc. Sell 100.00% 661,742 0.05
Q4 2007
IRM* - Iron Mountain Inc. Reduce 48.45% 4,383,950 0.21
AMP - Ameriprise Financial Inc. Reduce 54.32% 786,920 0.08
DJ - Dow Jones & Company, Inc. Sell 100.00% 6,344,804 0.60
Q3 2007
COP - ConocoPhillips Reduce 2.39% 429,400 0.06
NKE - NIKE Inc. Reduce 4.49% 359,000 0.04
AMP - Ameriprise Financial Inc. Reduce 42.46% 1,068,900 0.11
FDCP - First Data Corporation Sell 100.00% 10,000,000 0.56
TYI - Tyco International LTD Sell 100.00% 6,310,200 0.36
PTRCY - Petrochina Co LTD Sell 100.00% 659,000 0.17
3017264Q - Servicemaster Company Sell 100.00% 3,998,000 0.11
WU - Western Union Co. Sell 100.00% 3,200,000 0.11
Q2 2007
TYI - Tyco International LTD Reduce 36.90% 3,689,800 0.21
AMP - Ameriprise Financial Inc. Reduce 41.20% 1,763,900 0.18
WU - Western Union Co. Reduce 67.57% 6,668,077 0.46
UNP - Union Pacific Sell 100.00% 10,513,100 1.93
NSC - Norfolk Southern Corp. Sell 100.00% 6,362,800 0.58
HRB - H&R Block Inc. Sell 100.00% 1,246,800 0.05
Q1 2007
WU - Western Union Co. Reduce 1.32% 131,923 0.01
3393199Q - Anheuser Busch Cos. Inc. Reduce 2.35% 854,200 0.08
AMP - Ameriprise Financial Inc. Reduce 48.23% 3,989,175 0.43
HRB - H&R Block Inc. Reduce 69.69% 2,866,600 0.13
Q4 2006
CMCSK - Comcast Corp Reduce 27.99% 3,110,200 0.24
AMP - Ameriprise Financial Inc. Reduce 57.05% 10,985,900 1.08
HRB - H&R Block Inc. Reduce 62.51% 6,857,600 0.31
OSI - OSI Restaurant Partners, Inc. Sell 100.00% 1,818,800 0.12
TGT - Target Corp. Sell 100.00% 745,700 0.09
SEE - Sealed Air Corp Sell 100.00% 677,700 0.08
Q3 2006
HRB - H&R Block Inc. Reduce 3.65% 415,500 0.02
3393199Q - Anheuser Busch Cos. Inc. Reduce 16.34% 7,110,652 0.75
AMP - Ameriprise Financial Inc. Reduce 19.50% 4,665,600 0.48
Q2 2006
3393199Q - Anheuser Busch Cos. Inc. Reduce 0.74% 326,148 0.03
SEE - Sealed Air Corp Reduce 8.16% 60,200 0.01
3017264Q - Servicemaster Company Reduce 8.81% 386,400 0.01
HRB - H&R Block Inc. Reduce 29.11% 4,674,600 0.23
GAP - Gap Inc. Sell 100.00% 10,000,000 0.43
LXK - Lexmark International, Inc. Sell 100.00% 2,521,100 0.26
Q1 2006
IRM* - Iron Mountain Inc. Reduce 11.79% 465,500 0.05
HRB - H&R Block Inc. Reduce 13.36% 2,477,000 0.15
LXK - Lexmark International, Inc. Reduce 15.96% 478,900 0.05
HD - Home Depot Reduce 16.38% 819,000 0.08
AMP - Ameriprise Financial Inc. Reduce 21.11% 6,400,000 0.65
3017264Q - Servicemaster Company Reduce 21.87% 1,227,200 0.04
SEE - Sealed Air Corp Reduce 22.78% 217,700 0.03
MLI - Mueller Industries Sell 100.00% 784,500 0.05
Q4 2005
MLI - Mueller Industries Reduce 7.90% 67,300 0.01
SEE - Sealed Air Corp Reduce 14.17% 157,700 0.02
IRM* - Iron Mountain Inc. Reduce 21.02% 1,051,200 0.12
GAP - Gap Inc. Reduce 35.21% 5,434,243 0.30
1028411Q - The Gillette Co. Sell 100.00% 100,980,000 18.64
SJR - Shaw Communica- tions Inc. Sell 100.00% 7,101,500 0.47
Q3 2005
SJR - Shaw Communica- tions Inc. Reduce 67.72% 14,898,500 0.94
WFC - Wells Fargo Sell 100.00% 56,448,380 10.54
Q2 2005
HRB - H&R Block Inc. Sell 100.00% 13,510,900 2.09
TMJ - Torchmark Corp. Sell 100.00% 2,074,879 0.33
Q1 2005
NKE - NIKE Inc. Reduce 1.02% 25,400 0.01
HRB - H&R Block Inc. Reduce 5.85% 839,700 0.12
MLI - Mueller Industries Reduce 37.46% 510,100 0.05
Q4 2004
IRM* - Iron Mountain Inc. Reduce 27.91% 1,935,750 0.21
NKE - NIKE Inc. Reduce 58.33% 3,500,000 0.88
3605818Q - HCA Inc. Sell 100.00% 13,500,200 1.64
Q3 2004
3605818Q - HCA Inc. Reduce 7.32% 1,065,900 0.15
MLI - Mueller Industries Reduce 29.43% 567,900 0.07
SUU - Sun Trusts Banks Inc. Sell 100.00% 5,806,300 1.30
ZNT - Zenith National Ins Corp. Sell 100.00% 53,955 0.01
Q2 2004
SEE - Sealed Air Corp Reduce 0.93% 10,500 0.00
3605818Q - HCA Inc. Reduce 5.88% 910,400 0.11
MLI - Mueller Industries Reduce 21.13% 517,100 0.05
ZNT - Zenith National Ins Corp. Reduce 57.47% 72,900 0.01
MCO - Moody's Corp. Reduce 67.25% 16,140,300 3.41
WFC - Wells Fargo Reduce 90.89% 51,306,950 8.68
SJR - Shaw Communi- cations Inc. Sell 100.00% 22,000,000 1.07
Q1 2004
HRB - H&R Block Inc. Reduce 1.78% 260,300 0.04
ZNT - Zenith National Ins. Corp. Reduce 19.23% 30,200 0.00
DOV - Dover Corp. Sell 100.00% 2,000,000 0.24
CBR$ - Cadbury Schweppes & PLC Sell 100.00% 10,000,000 0.22
ADP - Automatic Data Processing Inc. Sell 100.00% 1,415,700 0.17
Q4 2003
MLI - Mueller Industries Reduce 1.37% 34,000 0.00
ZNT - Zenith National Ins. Corp. Reduce 5.99% 10,000 0.00
HRB - H&R Block Inc. Reduce 8.68% 1,388,300 0.20
3605818Q - HCA Inc. Reduce 13.54% 2,424,200 0.30
ADP - Automatic Data Processing Inc. Reduce 14.15% 233,300 0.03
GAP - Gap Inc. Reduce 25.00% 5,000,000 0.29
DOV - Dover Corp. Reduce 36.09% 1,129,300 0.14
DUK - Duke Energy Corp. Sell 100.00% 1,418,800 0.09
723588Q - Great Lakes Chemical Corp. Sell 100.00% 547,700 0.04
LVLT - Level 3 Communications Sell 100.00% 1,644,900 0.03
DB5 - Dun & Bradstreet Corp. Sell 100.00% 136,000 0.02
Q3 2003
LVLT - Level 3 Communications Reduce 91.72% 18,232,565 10.08
Q2 2003
KO - Coca Cola Co. Sell 100.00% 200,000,000 32.76
AXP - American Express Sell 100.00% 151,610,700 20.39
1028411Q - The Gillette Co. Sell 100.00% 96,000,000 12.02
WFC - Wells Fargo Sell 100.00% 53,265,080 9.70
1556464D - Wesco Finl Corp. Sell 100.00% 5,703,087 6.88
MCO - Moody's Corp. Sell 100.00% 24,000,000 4.49
HRB - H&R Block Inc. Sell 100.00% 15,999,200 2.76
MTB - M&T Bank Corp. Sell 100.00% 6,708,760 2.13
NKE - NIKE Inc. Sell 100.00% 6,000,000 1.25
SUU - Sun Trusts Banks Inc. Sell 100.00% 5,806,300 1.24
GAP - Gap Inc. Sell 100.00% 20,000,000 1.17
SJR - Shaw Communica- tions Inc. Sell 100.00% 22,000,000 0.94
CDCO - Comdisco Holding Co. Sell 100.00% 1,468,573 0.80
COST - Costco Co. Sell 100.00% 5,254,000 0.64
723588Q - Great Lakes Chemical Corp. Sell 100.00% 6,948,700 0.62
DOV - Dover Corp. Sell 100.00% 4,500,000 0.44
GATX - GATX Corp. Sell 100.00% 7,340,700 0.43
SEE - Sealed Air Corp Sell 100.00% 2,492,800 0.40
TMJ - Torchmark Corp. Sell 100.00% 1,938,179 0.28
MLI - Mueller Industries Sell 100.00% 2,480,900 0.25
DB5 - Dun & Bradstreet Corp. Sell 100.00% 680,000 0.11
USG - USG Corpora- tion Sell 100.00% 6,500,000 0.11
WTEL - WilTel Communica- tions Sell 100.00% 1,590,696 0.08
PTRCY - Petrochina Co LTD Sell 100.00% 718,800 0.06
ZNT - Zenith National Ins. Corp. Sell 100.00% 451,355 0.04
Q1 2003
DB5 - Dun & Bradstreet Corp. Reduce 36.32% 387,900 0.05
IRM* - Iron Mountain Inc. Sell 100.00% 8,000,000 1.02
PNC - PNC Financial Services Sell 100.00% 715,000 0.12
BBY - Best Buy Co. Inc. Sell 100.00% 542,800 0.05
Q4 2002
COST - Costco Co. Reduce 6.29% 352,409 0.04
TMJ - Torchmark Corp. Reduce 6.52% 135,283 0.02
DB5 - Dun & Bradstreet Corp. Reduce 17.16% 221,200 0.03
OMC - Omnicom Group Sell 100.00% 500,000 0.11
Q2 2002
NKE - NIKE Inc. Reduce 10.65% 525,000 0.11
ZNT - Zenith National Ins. Corp. Reduce 44.73% 365,300 0.04
Q1 2002
DB5 - Dun & Bradstreet Corp. Sell 100.00% 5,243,400 0.70
SEE - Sealed Air Corp Sell 100.00% 3,048,300 0.47
MLI - Mueller Industries Sell 100.00% 3,216,900 0.40
FE - First Energy Sell 100.00% 2,144,205 0.28
LZB - La-Z-Boy Sell 100.00% 54,100 0.00
Q4 2001
FDCP - First Data Corporation Sell 100.00% 7,850,000 1.82
GPUI - GPU Inc. Sell 100.00% 4,921,300 0.79
C - Citigroup Inc. Sell 100.00% 2,743,879 0.44
Q3 2001
C - Citigroup Inc. Reduce 7.35% 217,551 0.04
DB5 - Dun & Bradstreet Corp. Sell 100.00% 6,945,400 0.72
USB - U.S. Bancorp Sell 100.00% 6,284,839 0.53
HON - Honeywell Int'l Inc. Sell 100.00% 2,250,000 0.29
ODP - Office Depot Inc. Sell 100.00% 5,000,000 0.19
Q2 2001
WFC - Wells Fargo Reduce 3.28% 1,806,300 0.33
SUU - Sun Trusts Banks Inc. Reduce 12.57% 835,100 0.20
C - Citigroup Inc. Reduce 21.85% 828,031 0.14
DB5 - Dun & Bradstreet Corp. Reduce 42.12% 5,054,600 0.45
SEE - Sealed Air Corp Sell 100.00% 3,952,300 0.49
GD - General Dynamics Sell 100.00% 222,177 0.05
Q1 2001
MLI - Mueller Industries Reduce 0.01% 200 0.00
723588Q - Great Lakes Chemical Corp. Reduce 0.73% 51,300 0.01
SEE - Sealed Air Corp Reduce 8.19% 352,600 0.04
C - Citigroup Inc. Reduce 17.63% 811,098 0.14
540541Q - Hertz Corp. Sell 100.00% 1,907,100 0.22
JM - Johns Manville Corporation Sell 100.00% 4,786,900 0.21
SHX - Shaw Industries Sell 100.00% 2,194,200 0.14
FBN - Furniture Brands Int'l Sell 100.00% 795,200 0.06
DIS - Walt Disney Co. Sell 100.00% 318,342 0.03
Q4 2000
C - Citigroup Inc. Reduce 7.34% 364,256 0.07
2168Q - US Bancorp Sell 100.00% 21,495,001 1.77
FDCP - First Data Corporation Sell 100.00% 9,544,900 1.35
NKE - NIKE Inc. Sell 100.00% 5,926,800 0.86
KSTN - Keystone Financial Inc. Sell 100.00% 26,000 0.00
Q3 2000
WFC - Wells Fargo Sell 100.00% 58,464,880 68.44
COST - Costco Co. Sell 100.00% 21,505,000 21.44
GD - General Dynamics Sell 100.00% 4,973,777 7.85
GAP - Gap Inc. Sell 100.00% 2,400,000 2.27
Q2 2000
KO - Coca Cola Co. Sell 100.00% 200,000,000 40.43
AXP - American Express Sell 100.00% 50,536,900 32.42
1028411Q - The Gillette Co. Sell 100.00% 96,000,000 15.58
1556464D - Wesco Finl Corp. Sell 100.00% 5,703,087 6.26
SUU - Sun Trusts Banks Inc. Sell 100.00% 6,641,400 1.65
C - Citigroup Inc. Sell 100.00% 5,512,325 1.42
GATX - GATX Corp. Sell 100.00% 7,340,700 1.20
723588Q - Great Lakes Chemical Corp. Sell 100.00% 6,480,700 0.95
ZNT - Zenith National Ins. Corp. Sell 100.00% 816,655 0.08
Q1 2000
C - Citigroup Inc. Reduce 31.63% 2,550,024 0.53
MTB - M&T Bank Corp. Sell 100.00% 510,310 0.79
TMJ - Torchmark Corp. Sell 100.00% 662,562 0.07
1011185D - PS Group Holdings, Inc. Sell 100.00% 1,208,032 0.05
RNB - Republic New York Corp. Sell 100.00% 159,000 0.04
Q4 1999
FMCC - Federal Home Ln Mtg Corp. Sell 100.00% 61,359,300 36.52
WFC - Wells Fargo Sell 100.00% 59,136,680 26.82
FDCP - First Data Corporation Sell 100.00% 12,399,600 6.23
DIS - Walt Disney Co. Sell 100.00% 19,971,142 5.94
2168Q - US Bancorp Sell 100.00% 14,657,001 5.06
HUB - Chubb Corp. Sell 100.00% 7,260,300 4.12
NKE - NIKE Inc. Sell 100.00% 6,237,600 4.06
FNMA - Federal National Mortgage Assoc. Sell 100.00% 5,416,700 3.89
GD - General Dynamics Sell 100.00% 5,170,310 3.70
SJR - Shaw Communications Inc. C Sell 100.00% 7,379,900 2.33
AAIG - American International Group Sell 100.00% 1,330,250 1.32
Q3 1999
WFC - Wells Fargo Reduce 4.18% 2,580,000 1.14
FNMA - Federal National Mortgage Assoc. Reduce 6.05% 348,600 0.24
GD - General Dynamics Reduce 13.66% 817,800 0.58
DIS - Walt Disney Co. Reduce 30.53% 8,775,200 2.78
ER - Executive Risk Inc. Sell 100.00% 1,100,000 0.96
Q2 1999
WFC - Wells Fargo Reduce 1.81% 1,135,000 0.43
AAIG - American Interna- tional Group Reduce 3.62% 50,000 0.06
2168Q - US Bancorp Reduce 3.96% 447,400 0.16
DIS - Walt Disney Co. Reduce 15.94% 5,452,800 1.81
GD - General Dynamics Reduce 22.17% 1,705,527 1.17
HUB - Chubb Corp. Reduce 80.55% 2,211,800 1.39
Q1 1999
AAIG - American Inter- national Group Reduce 41.60% 983,300 2.53
C - Citigroup Inc. Sell 100.00% 5,096,832 6.73
2223Q - Wells Fargo & Co. Del Sell 100.00% 4,813,230 5.11
723588Q - Great Lakes Chemical Corp. Sell 100.00% 4,000,000 4.25
TCAT - TCA Cable TV Inc. Sell 100.00% 4,035,000 3.83
MAN - ManpowerGroup Sell 100.00% 3,654,800 2.45
WMT - Walmart Inc. Sell 100.00% 431,000 0.93
TMJ - Torchmark Corp. Sell 100.00% 662,562 0.62
ZNT - Zenith National Ins. Corp. Sell 100.00% 816,655 0.50
WDR/B - Waddell & Reed Sell 100.00% 162,261 0.10
UAWGQ - US Airways Group Inc. Sell 100.00% 16,600 0.02
WDR - Waddell & Reed Sell 100.00% 37,699 0.02