CURRENT POSITIONS

As of 1/31/2019

I. CASH RETURN INVESTMENTS: (Primary anticipated return is from income generated) – 44%

CASH EQUIVALENTS: 38%

INSURED MONEY MARKET FUND:  1%

SHORT-DATED CORPORATE BONDS: 37% 

REAL ESTATE: 6%

APPLE HOSPITALITY REIT INC. (USA)

BROOKFIELD PROPERTY PARTNERS, LP (CANADA/USA)

MANDARIN ORIENTAL INTERNATIONAL (SINGAPORE)

II. TOTAL RETURN INVESTMENTS: (Primary anticipated return can include both income and possible appreciation) – 56%

EQUITIES: 

3M COMPANY (USA)

ALPHABET INC. (USA)

APPLE INC (USA)

ATLANTA BRAVES BASEBALL CLUB (LIBERTY MEDIA) (USA)

BERKSHIRE HATHAWAY INC.  (USA)

CRACKER BARREL OLD COUNTRY (USA)

COMPAGNIE FIN RICHEMONT (SWITZERLAND)

CVS HEALTH CORP (USA)

DANONE (FRANCE)

DISNEY (USA)

EXXON MOBILE (USA)

FRANCO NEVADA CORP (USA)

GRAHAM HOLDINGS COMPANY (USA)

HEINEKEN HOLDINGS N.V. (HOLLAND)

HENKEL AG (GERMANY)

HERMES INTERNATIONAL (FRANCE)

ICAHN ENTERPRISES (USA)

INTERNATIONAL BUSINESS MACHINE CORP (USA)

JARDINE MATHESON HOLDINGS (SINGAPORE)

L’OREAL CO. (FRANCE)

LICT (USA)

MARKEL CORP. (USA)

NATIONAL PRESTO INDUSTRIES (USA)

NESTLE SA (Switzerland)

NUVERA COMMUNICATIONS INC (USA)

OSLO BORS VPS HOLDING ASA (Norway)

PARGESA HOLDINGS (SWITZERLAND)

PEPSICO (USA)

PNC FINANCIAL (USA)

UNITED PARCEL SERVICE (USA)

WELLS FARGO & CO. (USA)

WEYERHAEUSER CO. (USA)

ZURICH AIRPORT AG (SWITZERLAND)