The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M COM 88579Y101 38,231 182,140 SH   SOLE NONE 1,250 0 180,890
ABBOTT LABORATORIES COM 002824100 598,806 11,222,009 SH   SOLE NONE 9,372,420 0 1,849,589
ALPHABET - CLASS A COM 02079K305 646,606 664,057 SH   SOLE NONE 480,575 0 183,482
ALPHABET - CLASS A CALL COM 02079K905 4,869 50 SH Call SOLE NONE 0 0 0
ALTRIA GROUP COM 02209S103 2,892 45,600 SH   SOLE NONE 45,600 0 0
AMAZON.COM COM 023135106 151,735 157,835 SH   SOLE NONE 92,490 0 65,345
AMBEV ADR COM 02319V103 1,648 250,000 SH   SOLE NONE 250,000 0 0
AMETEK COM 031100100 49,756 753,427 SH   SOLE NONE 38,500 0 714,927
AMGEN COM 031162100 64,189 344,270 SH   SOLE NONE 118,300 0 225,970
APACHE COM 037411105 209 4,553 SH   SOLE NONE 0 0 4,553
APPLE COM 037833100 20,726 134,480 SH   SOLE NONE 2,150 0 132,330
BAIDU ADR COM 056752108 6,539 26,400 SH   SOLE NONE 2,000 0 24,400
BARRICK GOLD COM 067901108 461,427 28,677,838 SH   SOLE NONE 24,050,863 0 4,626,975
BARRICK GOLD CALL COM 067901908 3,057 1,900 SH Call SOLE NONE 0 0 0
BERKSHIRE HATHAWAY A COM 084670108 1,099 4 SH   SOLE NONE 0 0 4
BERKSHIRE HATHAWAY B COM 084670702 1,187,106 6,475,596 SH   SOLE NONE 5,513,176 0 962,420
CHINA MOBILE ADR COM 16941M109 1,029 20,340 SH   SOLE NONE 0 0 20,340
CHURCH & DWIGHT COM 171340102 3,997 82,500 SH   SOLE NONE 75,500 0 7,000
CISCO SYSTEMS COM 17275R102 1,264 37,590 SH   SOLE NONE 0 0 37,590
COACH COM 189754104 27,537 683,650 SH   SOLE NONE 219,300 0 464,350
COCA-COLA COM 191216100 36,523 811,440 SH   SOLE NONE 66,000 0 745,440
COGNIZANT TECH SOLUTIONS COM 192446102 17,370 239,450 SH   SOLE NONE 0 0 239,450
COLGATE-PALMOLIVE COM 194162103 33,090 454,220 SH   SOLE NONE 44,100 0 410,120
CONOCOPHILLIPS COM 20825C104 12,452 248,800 SH   SOLE NONE 43,800 0 205,000
CREDICORP COM G2519Y108 718 3,500 SH   SOLE NONE 3,500 0 0
DANAHER COM 235851102 581,324 6,776,921 SH   SOLE NONE 5,080,961 0 1,695,960
DEUTSCHE BANK COM D18190898 3,284 190,001 SH   SOLE NONE 0 0 190,001
DILLARDS COM 254067101 2,534 45,200 SH   SOLE NONE 45,200 0 0
DISCOVERY COMMUNICATIONS-A COM 25470F104 208 9,780 SH   SOLE NONE 0 0 9,780
DR REDDY'S LABORATORIES ADR COM 256135203 285 8,000 SH   SOLE NONE 8,000 0 0
EBAY COM 278642103 20,856 542,290 SH   SOLE NONE 525,000 0 17,290
EMERSON ELECTRIC COM 291011104 13,869 220,700 SH   SOLE NONE 0 0 220,700
ESTEE LAUDER COM 518439104 16,815 155,925 SH   SOLE NONE 1,400 0 154,525
EXPEDIA CALL COM 30212P903 4,318 300 SH Call SOLE NONE 0 0 0
EXXON MOBIL COM 30231G102 17,969 219,190 SH   SOLE NONE 40,000 0 179,190
FACEBOOK COM 30303M102 106,711 624,515 SH   SOLE NONE 423,400 0 201,115
FACTSET RESEARCH SYSTEMS COM 303075105 2,936 16,300 SH   SOLE NONE 16,200 0 100
FEMSA ADR COM 344419106 1,528 16,000 SH   SOLE NONE 16,000 0 0
FORTIVE COM 34959J108 42,251 596,845 SH   SOLE NONE 70,000 0 526,845
GENERAL MILLS COM 370334104 210,755 4,071,779 SH   SOLE NONE 3,729,604 0 342,175
GILEAD SCIENCES COM 375558103 293 3,620 SH   SOLE NONE 0 0 3,620
GOLDCORP COM 380956409 118,681 9,157,520 SH   SOLE NONE 2,930,000 0 6,227,520
GRUPO SANTANDER MEXICO ADR COM 40053C105 1,009 100,000 SH   SOLE NONE 100,000 0 0
IBM COM 459200101 405,657 2,796,089 SH   SOLE NONE 2,072,579 0 723,510
INFOSYS ADR COM 456788108 1,076 73,740 SH   SOLE NONE 65,000 0 8,740
JOHNSON & JOHNSON COM 478160104 150,275 1,155,870 SH   SOLE NONE 562,800 0 593,070
L BRANDS COM 501797104 85,468 2,054,020 SH   SOLE NONE 343,000 0 1,711,020
LIBERTY INTERACTIVE A COM 53071M104 9,428 400,000 SH   SOLE NONE 0 0 400,000
LOWE'S COS COM 548661107 221,618 2,772,300 SH   SOLE NONE 2,709,000 0 63,300
MARATHON OIL COM 565849106 14,211 1,048,000 SH   SOLE NONE 470,000 0 578,000
MASTERCARD COM 57636Q104 113,703 805,260 SH   SOLE NONE 161,300 0 643,960
MCDONALDS COM 580135101 6,804 43,428 SH   SOLE NONE 0 0 43,428
MEDTRONIC COM G5960L103 184,685 2,374,756 SH   SOLE NONE 373,800 0 2,000,956
MERCADOLIBRE COM 58733R102 388 1,500 SH   SOLE NONE 1,500 0 0
MICHAEL KORS COM G60754101 562,475 11,754,963 SH   SOLE NONE 10,907,663 0 847,300
MICROSOFT COM 594918104 184,034 2,470,583 SH   SOLE NONE 1,028,268 0 1,442,315
MONSANTO COM 61166W101 467,437 3,901,160 SH   SOLE NONE 3,827,160 0 74,000
MONSANTO CALL COM 61166W901 46,251 3,860 SH Call SOLE NONE 0 0 0
NATIONAL OILWELL VARCO COM 637071101 13,351 373,650 SH   SOLE NONE 126,300 0 247,350
NETEASE ADR COM 64110W102 396 1,500 SH   SOLE NONE 1,500 0 0
NEWMONT MINING COM 651639106 302,785 8,072,121 SH   SOLE NONE 6,514,481 0 1,557,640
NEWMONT MINING CALL COM 651639906 3,751 1,000 SH Call SOLE NONE 0 0 0
NIKE COM 654106103 100,729 1,942,700 SH   SOLE NONE 820,000 0 1,122,700
OCCIDENTAL PETROLEUM COM 674599105 125,094 1,948,195 SH   SOLE NONE 597,900 0 1,350,295
ORACLE COM 68389X105 13,220 273,425 SH   SOLE NONE 30,700 0 242,725
PAYPAL COM 70450Y103 30,151 470,895 SH   SOLE NONE 3,200 0 467,695
PHILIP MORRIS INTL. COM 718172109 387,544 3,491,075 SH   SOLE NONE 3,178,885 0 312,190
PRICELINE GROUP COM 741503403 156,032 85,225 SH   SOLE NONE 69,810 0 15,415
PROCTER & GAMBLE COM 742718109 16,976 186,590 SH   SOLE NONE 2,650 0 183,940
QUALCOMM COM 747525103 54,702 1,055,200 SH   SOLE NONE 556,000 0 499,200
QUALCOMM CALL COM 747525903 4,666 900 SH Call SOLE NONE 0 0 0
ROPER TECHNOLOGIES COM 776696106 9,505 39,050 SH   SOLE NONE 7,550 0 31,500
ROSS STORES COM 778296103 357,277 5,533,170 SH   SOLE NONE 4,313,100 0 1,220,070
SCHLUMBERGER COM 806857108 35,089 503,000 SH   SOLE NONE 70,000 0 433,000
TAIWAN SEMICONDUCTOR ADR COM 874039100 2,441 65,000 SH   SOLE NONE 65,000 0 0
THERMO FISHER SCIENTIFIC COM 883556102 8,137 43,010 SH   SOLE NONE 0 0 43,010
TJX COMPANIES COM 872540109 318,202 4,315,770 SH   SOLE NONE 2,777,700 0 1,538,070
ULTRAPAR ADR COM 90400P101 953 40,000 SH   SOLE NONE 40,000 0 0
UNION PACIFIC COM 907818108 20,851 179,800 SH   SOLE NONE 0 0 179,800
UNITED TECHNOLOGIES COM 913017109 229,985 1,981,265 SH   SOLE NONE 1,583,695 0 397,570
VANTIV CLASS A COM 92210H105 148,023 2,100,506 SH   SOLE NONE 1,450,288 0 650,218
VERIZON COMMUNICATIONS COM 92343V104 97,468 1,969,440 SH   SOLE NONE 134,600 0 1,834,840
VISA - CLASS A COM 92826C839 86,565 822,550 SH   SOLE NONE 110,850 0 711,700
WAL-MART STORES COM 931142103 10,049 128,600 SH   SOLE NONE 4,300 0 124,300
WALT DISNEY COM 254687106 5,027 51,000 SH   SOLE NONE 0 0 51,000
WELLS FARGO COM 949746101 7,931 143,810 SH   SOLE NONE 0 0 143,810
WESTERN UNION COM 959802109 5,568 290,000 SH   SOLE NONE 0 0 290,000
WW GRAINGER COM 384802104 2,894 16,100 SH   SOLE NONE 16,100 0 0
YUM! BRANDS COM 988498101 766 10,400 SH   SOLE NONE 0 0 10,400
0,900 PRICELINE 15.09.2021 NOTE 741503AX4 5,762 5,000,000 PRN   SOLE NONE 0 0 0
1,000 CTRIP.COM 01.07.2020 NOTE 22943FAF7 1,139 1,000,000 PRN   SOLE NONE 0 0 0
1,000 NUANCE COMMUNICATIONS 15.12.2035 NOTE 67020YAK6 2,828 3,000,000 PRN   SOLE NONE 0 0 0
1,000 ON SEMICONDUCTOR 01.12.2020 NOTE 682189AK1 3,708 3,100,000 PRN   SOLE NONE 0 0 0
1,250 CTRIP.COM 15.09.2022 NOTE 22943FAM2 8,115 7,500,000 PRN   SOLE NONE 0 0 0
1,250 HURON CONSULTING GROUP 01.10.2019 NOTE 447462AB8 3,754 4,000,000 PRN   SOLE NONE 0 0 0
1,375 LIBERTY MEDIA 15.10.2023 NOTE 531229AB8 12,149 10,000,000 PRN   SOLE NONE 0 0 0
1,875 JAZZ INVESTMENTS 15.08.2021 NOTE 472145AB7 6,354 6,000,000 PRN   SOLE NONE 0 0 0
2,000 MACQUARIE INFRASTRUCTURE 01.10.2023 NOTE 55608BAB1 4,169 4,250,000 PRN   SOLE NONE 0 0 0
2,250 LIBERTY MEDIA 30.09.2046 NOTE 531229AE2 12,750 12,000,000 PRN   SOLE NONE 0 0 0
2,950 INTEL 15.12.2035 NOTE 458140AD2 1,432 1,000,000 PRN   SOLE NONE 0 0 0