Hello all!

See below for my current top ten holdings (changes from previous quarter in parentheses). One of goals to improve this year is to hold longer and do fewer transactions. So far, not terrible but still a few significant changes over a relatively short period of time.

Ideally, over the next few quarters these names don’t change. Writing them down is a good reminder for me to stick to sitting on my hands. By the way, the list is not in any particular order. As always, let me know what you think of these companies or my portfolio.

Constellation Software

Berkshire Hathaway

Topicus (new holding)

IAC (new holding)

Markel Corp.

Facebook

Alimentation Couche-tard Inc. (added more)

Altria

British American Tabacco (new holding)

Patrick Industries Inc. (reduced below top ten)

Icahn Enterprises LP (reduced below top ten)

Tucows Inc. (sold out)

Namsys Inc. (sold out)