| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABIOMED, INC. | 31,950 | 117,970 |
| AKAMAI TECHNOLOGIES INC. | ||
| ALBEMARLE CORPORATION | 57,588 | 84,170 |
| ALIBABA GROUP HOLDING LTD | ||
| ALIGN TECHNOLOGY, INC. | 39,897 | 66,863 |
| AMERICAN EXPRESS CO. | 32,471 | 51,568 |
| AMERICAN TOWER CORPORATION | 74,313 | 109,982 |
| AMGEN, INC. | 60,093 | 68,812 |
| AMTRUST FINANCIAL SERVICES, INC. | 40,332 | 56,811 |
| ANHEUSER BUSCH COMPANIES, INC. | 36,776 | 42,068 |
| ANNALY CAPITAL MANAGEMENT | ||
| APPLE, INC. | 50,893 | 79,200 |
| AT&T | ||
| AVALONBAY COMMUNITIES INC. | 10,625 | 116,031 |
| BABCOCK & WILCOX COMPANY | 8,733 | 9,047 |
| BE AEROSPACE, INC. | 75,538 | 96,483 |
| BECTON DICKINSON CO. | 37,853 | 91,520 |
| BENEFITFOCUS INC | ||
| BERKSHIRE HATHAWAY CLASS B | 49,962 | 115,416 |
| BIOTECH & GENOME POWERSHARES ETF | ||
| BLACKROCK S&P 500 STOCK FUND INVESTO | 546,042 | 1,008,147 |
| BLACKROCK SMALL CAP INDEX A | 331,954 | 498,831 |
| BOEING COMPANY | 58,997 | 66,830 |
| BOSTON PROPERTIES | 69,541 | 113,704 |
| BROWN FORMAN CORP B | 13,053 | 41,240 |
| BWX TECHNOLOGIES INC. | 23,408 | 43,362 |
| CABELAS INCORPORATED | ||
| CANADIAN NATIONAL RAILWAY COMPANY | 27,016 | 65,738 |
| CHEMOURS CO | ||
| COLGATE-PALMOLIVE | 24,550 | 55,078 |
| CORE LABORATORIES INC. | 47,019 | 58,405 |
| CVS HEALTH CORP | 37,953 | 37,088 |
| DEERE & CO. | 46,560 | 59,060 |
| DIAGEO, P.L.C. ADR | 25,774 | 44,285 |
| DIGITAL REALTY TRUST, INC. | 55,990 | 104,460 |
| DISCOVERY COMMUNICATIONS INC | ||
| DU PONT E I DE NEMOURS | ||
| DUKE REALTY CORPORATION | 51,383 | 118,039 |
| ECOLABS, INC. | 68,426 | 73,988 |
| EQUITY RESIDENTIAL | 26,425 | 95,186 |
| EXXONMOBIL | 38,617 | 53,370 |
| FASTENAL COMPANY | 40,754 | 42,750 |
| FIVE BELOW INC. | 35,029 | 51,010 |
| FMC CORP | 35,625 | 35,655 |
| GAMING & LEISURE PROPERTIES, INC. | 46,301 | 48,836 |
| GENESEE & WYOMING INC. A | 75,416 | 77,700 |
| GENMARK DIAGNOSTICS INC | ||
| GOOGLE, INC CLASS A | 9,498 | 31,654 |
| GOOGLE, INC. CLASS C | 9,498 | 30,752 |
| HARRIS CORPORATION | 34,737 | 71,288 |
| HEALTHCARE SERVICES GROUP | 32,267 | 50,453 |
| HEINEKEN NV ADR | 39,011 | 72,549 |
| HEXCEL CORPORATION | 36,076 | 64,755 |
| IMPRIVATA, INC | 30,345 | 38,240 |
| INTERSECT ENT INC | 43,929 | 23,760 |
| INVENTURE FOODS, INC | ||
| ISHARES EMERGING MARKET INDEX FUND | 243,135 | 206,369 |
| ISHARES RUSSELL 2000 INDEX FUND | 76,531 | 78,696 |
| IVY INTERNATIONAL CORE EQUITY FUND | 429,362 | 407,989 |
| JM SMUCKER COMPANY | ||
| K2M GROUP HOLDINGS | 52,502 | 68,297 |
| KIMCO REALTY CORPORATION | 63,780 | 110,745 |
| KITE REALITY GROUP TRUST | 97,859 | 106,435 |
| KLX INC | ||
| KRISPY KREME DONUT INC. | ||
| LIBERTY BROADBAND CORP SER A | ||
| LIBERTY BROADBAND CORP SER C | ||
| LIBERTY GLOBAL PLC C | ||
| LIBERTY GLOBAL LILAC CLASS C | ||
| LIBERTY MEDIA CLASS A | ||
| LIBERTY MEDIA CLASS C | ||
| LIVE NATION ENTERTAINMENT INC. | 89,134 | 115,164 |
| LKQ CORP | 55,843 | 65,341 |
| MACERICH COMPANY | 24,450 | 107,088 |
| MARKEL CORPORATION | 83,688 | 198,289 |
| MARTIN MARIETTA MATERIALS, INC | 18,203 | 30,398 |
| MASTERCARD, INC. | 27,565 | 95,240 |
| MEDICAL PROPERTIES TRUST, INC. | 74,536 | 109,900 |
| MEDNAX, INC. | 39,103 | 61,330 |
| MICROSOFT CORPORATION | 40,893 | 45,344 |
| MORGAN STANLEY CHINA A SHARES FUND | ||
| MSCI, INC. | 34,553 | 92,149 |
| NESTLE, SA | 58,058 | 80,230 |
| NEWMARKET CORPORATION | 24,056 | 68,042 |
| NOVARTIS AG ADR | 48,373 | 72,436 |
| ON SEMICONDUCTOR CORP | 102,807 | 98,956 |
| PATTERSON-UTI ENERGY INC | 46,254 | 50,414 |
| PAYLOCITY HOLDING CORP | 50,934 | 66,960 |
| PENN NATIONAL GAMING, INC. | ||
| PRA GROUP INC. | 55,859 | 54,466 |
| PRAXAIR, INC. | 48,521 | 59,435 |
| PRECISION CASTPARTS CORP | ||
| PROLOGIS | 54,701 | 106,256 |
| QUATERRA RESOURCES, INC. | 23,954 | 2,680 |
| SCHLUMBERGER, LTD. | ||
| SIMON PROPERTY GROUP INC | 83,963 | 104,438 |
| SIRONA DENTAL SYSTEMS, INC. | ||
| SL GREEN REALTY CORP | 87,150 | 100,147 |
| SPORTSMANS WAREHOUSE HOLDINGS INC | 39,920 | 35,630 |
| STERICYCLE, INC. | ||
| STEWART INFORMATION SERVICES CORP | 26,646 | 32,108 |
| SUN COMMUNITIES, INC. | 74,331 | 142,470 |
| SUPERIOR ENERGY SERVICES, INC. | ||
| SYNCHRONOSS TECHNOLOGIES, INC. | ||
| TELEFEX, INC. | 39,224 | 69,419 |
| TIFFANY & COMPANY | 53,410 | 48,390 |
| TRANSDIGM GROUP, INC | 26,202 | 41,928 |
| TRIMBLE NAVIGATION LTD. | 42,191 | 54,731 |
| ULTRA PETROLEUM CORPORATION | ||
| URBAN EDGE PROPERTIES | ||
| VALEANT PHARMACEUTICALS INTL INC | ||
| VANGUARD FTSE EX US INDEX ETF | 212,688 | 290,355 |
| VANGUARD MID-CAP ETF | 233,329 | 374,912 |
| VENTAS, INC. | 76,371 | 114,240 |
| VERISK ANALYTICS, INC. | ||
| VORNADO REALTY TRUST | 84,208 | 107,400 |
| W. P. CAREY & COMPANY, LLC | 62,943 | 101,710 |
| WALT DISNEY CO | 59,965 | 57,570 |
| ZELTIQ AESTHETICS, INC. | 19,610 | 33,950 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| BRAZIL TEAK INVESTORS, LLC. | AT COST | 193,856 | 193,856 |
| LONGLEAF PARTNERS FUND | AT COST | 1,042,741 | 972,386 |
| LONGLEAF PARTNERS SMALLCAP FUND | AT COST | 1,097,878 | 1,164,684 |
| MERIT ENERGY | AT COST | 616,589 | 616,589 |
| VENTRIA | AT COST | 137,000 | 186,941 |
| MERIT ENERGY PARTNERS I, LP | AT COST | 735,812 | 735,812 |
| Description | Amount |
|---|---|
| PRIOR PERIOD ADJUSTMENT | 85,034 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BANK FEES | 181 | 181 | ||
| INVESTMENT EXPENSES | 35,596 | 35,596 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FEDERAL TAX REFUND | 17,894 | ||
| MERIT ENERGY PARTNERSHIP | 22,765 | 22,765 | |
| MERIT ENERGY PARTNERS I, LP | 583 | 583 | |
| BRAZIL TEAK INVESTORS | -630 | -630 |
| Name of 501(c)(3) Organization | Balance Due |
|---|---|
|
CLEVELAND BOTANICAL GARDEN |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 7,540 | 3,770 | 3,770 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAX APPLIED | 17,254 | |||
| FEDERAL TAX PAYMENTS | 53,127 | |||
| FEDERAL 990-T TAX PAID | 3,127 | |||
| STATE 1120 TAX PAID | 1,283 |