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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL | $46.8M | 97600 | 34.57% |
| 2 | BERKSHIRE HATHAWAY INC DEL | $21.5M | 30 | 15.92% |
| 3 | MASTERCARD INCORPORATED | $20.0M | 40000 | 14.77% |
| 4 | AMERICAN EXPRESS CO | $19.7M | 65000 | 14.53% |
| 5 | MOODYS CORP | $11.8M | 27000 | 8.71% |
| 6 | FERRARI N V | $10.0M | 30000 | 7.40% |
| 7 | DAILY JOURNAL CORP | $5.5M | 11500 | 4.10% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.