| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| First Horizon Corp (FHN) - 49,161 shares | 290,940 | 627,294 |
| Regions Financial (RF) - 27,239 shares | 185,423 | 439,093 |
| FedEx Corporation (FDX) - 21,363 shares | 2,496,472 | 5,546,262 |
| BP Corp. (BP) - 1,058 shares | 2,662 | 21,710 |
| Berkshire Hathaway Class B (BRK.B) - 6,200 shares | 675,157 | 1,437,594 |
| Truist Financial Corp (TFC) - 2,266 shares | 4,753 | 108,609 |
| JD.Com Incorporated (JD) - 15,036 shares | 373,001 | 1,321,664 |
| American Express (AXP) - 2,334 shares | 232,700 | 282,204 |
| Ameriprise Financial, Inc (AMP) - 466 shares | 79,970 | 90,558 |
| Amgen, Inc (AMGN) - 200 shares | 35,050 | 45,984 |
| IBM (IBM) - 264 shares | 40,667 | 33,232 |
| Coca Cola (KO) - 950 shares | 228 | 52,098 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Longleaf Partners Fund (LLPFX) - 2,405.686 shares | AT COST | 54,503 | 52,276 |
| Longleaf Partners Small Cap Fund (LLSCX) - 51,709.270 shares | AT COST | 1,377,596 | 1,233,266 |
| Description | Amount |
|---|---|
| Adjustment | 912,266 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Raymond James - Wire/ADR fees | 401 | 0 | 0 | |
| 2020 TN Annual Report Fee | 20 | 0 | 0 |
| Name | Address |
|---|---|
| Henry W Morgan Sr |
5900 Poplar Avenue Memphis,TN38119 |
| Snowden B Morgan |
5900 Poplar Avenue Memphis,TN38119 |
| Henry W Morgan Jr |
5900 Poplar Avenue Memphis,TN38119 |
| J Bayard Boyle Jr |
5900 Poplar Avenue Memphis,TN38119 |
| Paul TJ Boyle |
5900 Poplar Avenue Memphis,TN38119 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 2018 Excise Tax on Investments | 7,856 | 0 | 0 |