| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 29929.634 SHS/UNITS AKRE FOCUS FUND INSTL | 764,804 | 1,041,252 |
| 76103.52 SHS/UNITS BBH INCOME FUND-I | 750,000 | 759,513 |
| 166 SHS/UNITS ALPHABET INC CAP STK CL C | 89,599 | 171,911 |
| 650 SHS/UNITS BROWN-FORMAN CORP CLASS B COMMON STOCK | 29,857 | 30,927 |
| 530 SHS/UNITS DOLLAR GENERAL CORP COM STK | 56,464 | 57,282 |
| 4275 SHS/UNITS QURATE RETAIL INC. SERIES A COM STK | 97,295 | 83,448 |
| 1625 SHS/UNITS COPART INC CO STK | 82,935 | 77,643 |
| 765 SHS/UNITS ALLEGION PLC-COM STK | 63,721 | 60,978 |
| 475 SHS/UNITS KLA-TENCOR CORP | 47,036 | 42,508 |
| 600 SHS/UNITS LINDE PLC COM STK | 97,762 | 93,624 |
| 57250.404 SHS/UNITS ALPS SERIES TRUST CLARKSTON PTRS FUND FOUNDERS | 625,060 | 632,044 |
| 41305.865 SHS/UNITS EMERGING MARKETS EQUITY | 450,000 | 463,452 |
| 153247.948 SHS/UNITS BBH LIMITED DURATION FUND CLASS I | 1,561,869 | 1,550,869 |
| 113832.291 SHS/UNITS BBH PARTNER FUND INTL EQUITY CL I | 1,670,963 | 1,488,926 |
| 1200 SHS/UNITS BERKSHIRE HATHAWAY INC DEL CL B NEW | 169,164 | 245,016 |
| 680 SHS/UNITS CELANESE CORP DEL COM SER A | 46,951 | 61,180 |
| 5585 SHS/UNITS COMCAST CORP NEW CL A | 187,787 | 190,169 |
| 850 SHS/UNITS DIAGEO ADR | 100,937 | 120,530 |
| 3140 SHS/UNITS DISCOVERY COMMUNICATIONS INC NEW COM SER C | 81,148 | 72,471 |
| 1436120.18 SHS/UNITS BBH US GOVERNMENT MONEY MARKET | 1,444,909 | 1,444,909 |
| 1580 SHS/UNITS HENRY SCHEIN INC | 126,238 | 124,062 |
| 3525 SHS/UNITS KROGER CO COM | 75,544 | 96,938 |
| 2925 SHS/UNITS LIBERTY GLOBAL PLC COM USD0.01 C | 91,114 | 60,372 |
| 14678.829 SHS/UNITS LONGLEAF SMALL CAP | 440,460 | 324,402 |
| 775 SHS/UNITS NESTLE S A SPONSORED ADR | 58,040 | 62,736 |
| 1915 SHS/UNITS NOVARTIS A G SPONSORED ADR | 182,119 | 164,326 |
| 3975 SHS/UNITS ORACLE CORP COM | 161,465 | 179,471 |
| 741 SHS/UNITS PAYPAL HLDGS INC COM | 24,342 | 62,311 |
| 1314 SHS/UNITS PERRIGO CO PLC SHS | 122,192 | 50,918 |
| 1520 SHS/UNITS QUALCOMM INC | 90,590 | 86,503 |
| 3300 SHS/UNITS SABRE CORP COM | 72,072 | 71,412 |
| 1020 SHS/UNITS UNILEVER N V N Y SHS NEW | 44,969 | 54,876 |
| 3610 SHS/UNITS US BANCORP DEL COM NEW | 166,011 | 164,977 |
| 520 SHS/UNITS WASTE MANAGEMENT INC | 25,492 | 46,275 |
| 2340 SHS/UNITS WELLS FARGO &COMPANY COM USD1.666 | 132,421 | 107,827 |
| 1150 SHS/UNITS ZOETIS INC COM USD0.01 CL A | 54,210 | 98,371 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SECRETARY OF STATE | 105 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER INCOME | 44 | 44 | 44 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 58,564 | 58,564 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 1,266 | 1,266 | 0 | |
| FEDERAL INCOME TAX | 7,000 | 0 | 0 |