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 117,821 567,048 SH   SOLE NONE 74,800 0 492,248
ABBOTT LABORATORIES COM 002824100 256,267 3,205,740 SH   SOLE NONE 1,827,000 0 1,378,740
ACTIVISION BLIZZARD COM 00507V109 121,312 2,664,452 SH   SOLE NONE 1,675,100 0 989,352
ADOBE COM 00724F101 24,551 92,128 SH   SOLE NONE 0 0 92,128
AGNICO EAGLE MINES COM 008474108 73,576 1,691,400 SH   SOLE NONE 1,439,800 0 251,600
ALIBABA COM 01609W102 69,211 379,340 SH   SOLE NONE 109,100 0 270,240
ALPHABET - CLASS A COM 02079K305 865,885 735,740 SH   SOLE NONE 547,175 0 188,565
ALTRIA GROUP COM 02209S103 3,100 53,980 SH   SOLE NONE 40,000 0 13,980
AMAZON.COM COM 023135106 68,938 38,713 SH   SOLE NONE 95 0 38,618
AMBEV ADR COM 02319V103 602 140,000 SH   SOLE NONE 140,000 0 0
AMETEK COM 031100100 21,755 262,200 SH   SOLE NONE 59,500 0 202,700
AMGEN COM 031162100 9,167 48,250 SH   SOLE NONE 0 0 48,250
ANHEUSER-BUSCH INBEV ADR COM 03524A108 252 3,000 SH   SOLE NONE 0 0 3,000
APPLE COM 037833100 362,052 1,906,037 SH   SOLE NONE 1,482,600 0 423,437
AUTOMATIC DATA PROCESSING COM 053015103 575 3,600 SH   SOLE NONE 0 0 3,600
BARRICK GOLD COM 067901108 720,627 52,562,104 SH   SOLE NONE 47,131,114 0 5,430,990
BARRICK GOLD CALL COM 067901908 2,057 1,500 SH Call SOLE NONE 0 0 0
BECTON DICKINSON COM 075887109 25,348 101,500 SH   SOLE NONE 36,400 0 65,100
BERKSHIRE HATHAWAY A COM 084670108 1,205 4 SH   SOLE NONE 0 0 4
BERKSHIRE HATHAWAY B COM 084670702 1,106,443 5,507,708 SH   SOLE NONE 4,818,442 0 689,266
BLACKROCK COM 09247X101 272,818 638,366 SH   SOLE NONE 517,708 0 120,658
BOOKING HOLDINGS COM 09857L108 452,654 259,414 SH   SOLE NONE 182,610 0 76,804
CHECK POINT SOFTWARE COM M22465104 253,401 2,003,326 SH   SOLE NONE 1,674,846 0 328,480
CHURCH & DWIGHT COM 171340102 2,386 33,500 SH   SOLE NONE 0 0 33,500
CISCO SYSTEMS COM 17275R102 215 3,980 SH   SOLE NONE 0 0 3,980
COCA-COLA COM 191216100 31,270 667,314 SH   SOLE NONE 47,900 0 619,414
COGNIZANT TECH SOLUTIONS COM 192446102 166,086 2,292,421 SH   SOLE NONE 901,000 0 1,391,421
COLGATE-PALMOLIVE COM 194162103 25,361 370,016 SH   SOLE NONE 0 0 370,016
CONOCOPHILLIPS COM 20825C104 7,341 110,000 SH   SOLE NONE 0 0 110,000
CREDICORP COM G2519Y108 1,200 5,000 SH   SOLE NONE 5,000 0 0
DANAHER COM 235851102 231,736 1,755,311 SH   SOLE NONE 812,800 0 942,511
DILLARDS COM 254067101 936 13,000 SH   SOLE NONE 13,000 0 0
DISCOVERY COMMUNICATIONS-A COM 25470F104 219 8,110 SH   SOLE NONE 0 0 8,110
EBAY COM 278642103 642 17,290 SH   SOLE NONE 0 0 17,290
ELECTRONIC ARTS COM 285512109 109,530 1,077,737 SH   SOLE NONE 261,300 0 816,437
EMERSON ELECTRIC COM 291011104 8,661 126,500 SH   SOLE NONE 0 0 126,500
ESTEE LAUDER COM 518439104 3,945 23,830 SH   SOLE NONE 1,300 0 22,530
EXPEDIA GROUP COM 30212P303 4,849 40,748 SH   SOLE NONE 17,000 0 23,748
EXXON MOBIL COM 30231G102 22,927 283,750 SH   SOLE NONE 4,550 0 279,200
FACEBOOK COM 30303M102 554,175 3,324,587 SH   SOLE NONE 2,309,647 0 1,014,940
FEMSA ADR COM 344419106 2,030 22,000 SH   SOLE NONE 22,000 0 0
FORTIVE COM 34959J108 24,286 289,500 SH   SOLE NONE 50,000 0 239,500
GOLDCORP COM 380956409 13,552 1,184,640 SH   SOLE NONE 0 0 1,184,640
HDFC BANK ADR COM 40415F101 73,314 632,504 SH   SOLE NONE 204,600 0 427,904
INFOSYS ADR COM 456788108 162 14,780 SH   SOLE NONE 0 0 14,780
INTL. BUSINESS MACHINES COM 459200101 66,954 474,515 SH   SOLE NONE 47,600 0 426,915
ITAU UNIBANCO ADR COM 465562106 617 70,000 SH   SOLE NONE 70,000 0 0
JOHNSON & JOHNSON COM 478160104 716,191 5,123,338 SH   SOLE NONE 3,723,250 0 1,400,088
KRAFT HEINZ COM 500754106 3,427 104,955 SH   SOLE NONE 3,600 0 101,355
LOWE'S COS COM 548661107 9,593 87,630 SH   SOLE NONE 20,300 0 67,330
MARATHON OIL COM 565849106 12,588 753,300 SH   SOLE NONE 252,000 0 501,300
MASTERCARD COM 57636Q104 76,766 326,040 SH   SOLE NONE 10,350 0 315,690
MCDONALDS COM 580135101 12,178 64,128 SH   SOLE NONE 11,000 0 53,128
MEDTRONIC COM G5960L103 163,284 1,792,754 SH   SOLE NONE 99,300 0 1,693,454
MERCADOLIBRE COM 58733R102 1,142 2,250 SH   SOLE NONE 2,250 0 0
MICROSOFT COM 594918104 187,843 1,592,698 SH   SOLE NONE 130,550 0 1,462,148
NATIONAL OILWELL VARCO COM 637071101 2,740 102,850 SH   SOLE NONE 0 0 102,850
NETEASE ADR COM 64110W102 664 2,750 SH   SOLE NONE 2,750 0 0
NEWMONT GOLDCORP COM 651639106 546,900 15,289,352 SH   SOLE NONE 13,520,600 0 1,768,752
NEWMONT MINING CALL COM 651639906 3,935 1,100 SH Call SOLE NONE 0 0 0
NIKE COM 654106103 14,773 175,436 SH   SOLE NONE 0 0 175,436
OCCIDENTAL PETROLEUM COM 674599105 47,099 711,467 SH   SOLE NONE 330,000 0 381,467
ORACLE COM 68389X105 7,472 139,115 SH   SOLE NONE 0 0 139,115
PALO ALTO NETWORKS COM 697435105 61,692 254,004 SH   SOLE NONE 950 0 253,054
PAYPAL COM 70450Y103 35,743 344,210 SH   SOLE NONE 41,750 0 302,460
PEPSICO COM 713448108 39,604 323,165 SH   SOLE NONE 65,400 0 257,765
PHILIP MORRIS INTERNAT. COM 718172109 1,438,825 16,278,141 SH   SOLE NONE 14,245,500 0 2,032,641
PROCTER & GAMBLE COM 742718109 30,763 295,655 SH   SOLE NONE 0 0 295,655
QUALCOMM COM 747525103 18,535 325,000 SH   SOLE NONE 0 0 325,000
RED HAT COM 756577102 66,958 366,489 SH   SOLE NONE 313,000 0 53,489
ROPER TECHNOLOGIES COM 776696106 10,601 31,000 SH   SOLE NONE 7,000 0 24,000
ROSS STORES COM 778296103 6,496 69,775 SH   SOLE NONE 22,500 0 47,275
S&P GLOBAL COM 78409V104 2,771 13,161 SH   SOLE NONE 0 0 13,161
SALESFORCE.COM COM 79466L302 11,898 75,125 SH   SOLE NONE 0 0 75,125
SCHLUMBERGER COM 806857108 27,009 619,900 SH   SOLE NONE 107,400 0 512,500
SPOTIFY COM L8681T102 5,033 36,259 SH   SOLE NONE 0 0 36,259
STRYKER COM 863667101 21,022 106,430 SH   SOLE NONE 25,000 0 81,430
TAIWAN SEMICONDUCTOR ADR COM 874039100 7,782 190,000 SH   SOLE NONE 190,000 0 0
TAPESTRY COM 876030107 8,907 274,150 SH   SOLE NONE 7,700 0 266,450
THERMO FISHER SCIENTIFIC COM 883556102 5,908 21,583 SH   SOLE NONE 0 0 21,583
TJX COMPANIES COM 872540109 71,132 1,336,823 SH   SOLE NONE 1,041,979 0 294,844
UBS GROUP COM H42097107 147,783 12,180,930 SH   SOLE NONE 12,020,100 0 160,830
ULTRAPAR ADR COM 90400P101 807 67,500 SH   SOLE NONE 67,500 0 0
UNION PACIFIC COM 907818108 30,425 181,967 SH   SOLE NONE 0 0 181,967
UNITED TECHNOLOGIES COM 913017109 10,385 80,570 SH   SOLE NONE 0 0 80,570
VERIZON COMMUNICATIONS COM 92343V104 38,158 645,319 SH   SOLE NONE 0 0 645,319
VISA - CLASS A COM 92826C839 95,097 608,857 SH   SOLE NONE 75,700 0 533,157
WALMART COM 931142103 9,378 96,150 SH   SOLE NONE 2,250 0 93,900
WALT DISNEY COM 254687106 5,663 51,000 SH   SOLE NONE 0 0 51,000
WELLS FARGO COM 949746101 5,258 108,810 SH   SOLE NONE 0 0 108,810
WORLDPAY COM 981558109 598,509 5,273,203 SH   SOLE NONE 3,761,904 0 1,511,299
0,350 BOOKING HOLDINGS 15.06.2020 NOTE 741503AS5 6,243 4,600,000 PRN   SOLE NONE 0 0 0
0,900 BOOKING HOLDINGS 15.09.2021 NOTE 741503AX4 5,543 5,000,000 PRN   SOLE NONE 0 0 0
1,000 LIBERTY MEDIA 30.01.2023 NOTE 531229AF9 7,126 6,316,000 PRN   SOLE NONE 0 0 0
1,000 NUANCE COMMUNICATIONS 15.12.2035 NOTE 67020YAK6 10,970 11,700,000 PRN   SOLE NONE 0 0 0
1,000 NXP SEMICONDUCTOR 01.12.2019 NOTE 62952QAB6 4,548 4,400,000 PRN   SOLE NONE 0 0 0
1,375 LIBERTY MEDIA 15.10.2023 NOTE 531229AB8 5,645 5,000,000 PRN   SOLE NONE 0 0 0
1,500 JAZZ INVESTMENTS 15.08.2024 NOTE 472145AD3 7,642 7,800,000 PRN   SOLE NONE 0 0 0
1,625 ON SEMICONDUCTOR 15.10.2023 NOTE 682189AP0 5,569 4,500,000 PRN   SOLE NONE 0 0 0
2,250 LIBERTY MEDIA 30.09.2046 NOTE 531229AE2 4,657 18,600,000 PRN   SOLE NONE 0 0 0