| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 8,250 | 4,125 | 4,125 | 4,125 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AKRE FOCUS FUND-SUPRA INST | 148,741 | 164,275 |
| ALPHABET INC CL C | 19,127 | 49,858 |
| ALPS SERIES TRUST CLARKSTON PARTNERS | 111,556 | 125,501 |
| BAXTER INT'L INC. | ||
| BBH INT'L EQUITY FUND | 110,342 | 125,094 |
| BBH LIMITED DURATION FUND CL N | 339,052 | 333,726 |
| BED BATH & BEYOND INC | 24,099 | 19,707 |
| BERKSHIRE HATHAWAY INC | 29,115 | 75,245 |
| CELANESE CORP. | 15,693 | 24,161 |
| CHUBB CORP. | ||
| COMCAST CORP. | 11,812 | 52,208 |
| DENTSPLY INT'L INC. | 3,700 | 9,219 |
| DIAGEO PLC SPONS ADR | 16,029 | 39,368 |
| DISCOVERY COMMUNICATIONS | 31,365 | 29,164 |
| EBAY INC. | ||
| EOG RESOURCES INC. | 26,736 | 53,094 |
| FLEETCOR TECHNOLOGIES INC COM STK | 10,450 | 14,778 |
| GOOGLE INC. | ||
| HENRY SCHEIN INC. | 4,609 | 12,284 |
| LIBERTY INTERACTIVE A | 12,324 | 22,588 |
| MICROSOFT CORP. | 15,754 | 40,222 |
| NESTLE SA SPONS ADR | 14,510 | 35,775 |
| NOVARTIS AG-ADR | 27,125 | 51,201 |
| OCCIDENTAL PETROLEUM | 7,679 | 24,976 |
| ORACLE CORP | 66,873 | 70,115 |
| PAYPAL | 14,484 | 28,383 |
| PERRIGO CO PLC COM STK | 23,554 | 19,563 |
| PRAXAIR | 18,137 | 21,357 |
| PROGRESSIVE CORP. OHIO | 14,603 | 35,816 |
| QUALCOMM INC | 46,657 | 50,456 |
| SCHLUMBERGER LTD | 22,105 | 23,700 |
| SOUTHWESTERN ENERGY | ||
| UNILEVER N V-NY SHARES | 19,083 | 23,055 |
| US BANKCORP | 37,963 | 67,329 |
| WAL-MART STORES INC. | 17,401 | 23,218 |
| WASTE MANAGEMENT INC. | 6,591 | 14,642 |
| WELLS FARGO & CO. | 38,991 | 66,040 |
| ZOETIS INC | 27,719 | 47,932 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 1,091 | 1,091 |
| Description | Amount |
|---|---|
| FEDERAL INCOME TAX | 2,189 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BROKERS FEE | 12,731 | 12,731 | ||
| CLERICAL | 8,000 | 4,000 | 4,000 | 4,000 |
| FILING FEE | 250 | 250 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER INVESTMENT INCOME | 39 | 39 | 39 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| LOAN PAYABLE - M. CAHN | 8,260 |