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Ten Largest Public Equity Holdings

December 31, 2012

  • Berkshire Hathaway
  • Nestle SA
  • American Public Education Inc.
  • Reald Inc.
  • Philip Morris International
  • Compagnie Financiere Richemont SA
  • Anheuser-Busch InBev
  • Liberty Global Inc.
  • Heineken Holding NV
  • SABMiller PLC