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Institutional Investment Manager
Douglass Winthrop Advisors, LLC
Douglass Winthrop Advisors, LLC (CIK: 0001308527) incorporated in Delaware, located at 521 Fifth Avenue, New York, NY. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q1)
Portfolio Summary: 251 holdings with a total value of $1,287,784,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 519,272 74,941,000 5.82%
2 EXXON MOBIL CORP 592,676 50,377,000 3.91%
3 NESTLE SA SPONSORED ADR REPSTG 639,900 48,134,000 3.74%
4 MARKEL CORP 56,519 43,461,000 3.37%
5 MASTERCARD INCORPORATED 429,707 37,122,000 2.88%
6 BECTON DICKINSON & CO 248,655 35,704,000 2.77%
7 NOVARTIS A G 330,359 32,577,000 2.53%
8 LIBERTY GLOBAL PLC 653,675 32,560,000 2.53%
9 DIAGEO P L C 287,481 31,787,000 2.47%
10 DEERE & CO 359,332 31,510,000 2.45%
11 SMUCKER J M CO 259,495 30,031,000 2.33%
12 BROWN FORMAN CORP CL B 330,052 29,820,000 2.32%
13 COLGATE PALMOLIVE CO 426,624 29,582,000 2.30%
14 CANADIAN NATL RY CO 438,237 29,305,000 2.28%
15 APPLE INC 222,386 27,671,000 2.15%
16 AMERICAN EXPRESS CO 342,447 26,752,000 2.08%
17 SCHLUMBERGER LTD 293,425 24,483,000 1.90%
18 Heineken NV ADR (Spon) 599,820 22,877,000 1.78%
19 DirectTV Com 264,129 22,477,000 1.75%
20 JOHNSON & JOHNSON 221,765 22,310,000 1.73%
21 VALEANT PHARMACEUTICALS INTL 109,850 21,818,000 1.69%
22 PRAXAIR INC 178,498 21,552,000 1.67%
23 MERCK & CO INC 361,490 20,778,000 1.61%
24 GOOGLE INC 35,374 19,385,000 1.51%
25 PLUM CREEK TIMBER 445,536 19,359,000 1.50%
26 INTERNATIONAL BUSINESS MACHS 115,598 18,553,000 1.44%
27 COCA COLA CO 447,183 18,133,000 1.41%
28 DISCOVERY C 609,222 17,957,000 1.39%
29 TRANSDIGM GROUP INC COM 76,359 16,701,000 1.30%
30 BERKSHIRE HATHAWAY INC DEL 66 14,355,000 1.11%
31 WAL-MART STORES INC 168,507 13,860,000 1.08%
32 ISHARES NASDAQ BIOTECHNOLOGY ETF 23,775 13,188,000 1.02%
33 VERISK ANALYTICS INC 182,245 13,012,000 1.01%
34 PROCTER AND GAMBLE CO 148,318 12,153,000 0.94%
35 FASTENAL CO 285,653 11,836,000 0.92%
36 CHEVRON CORP NEW 103,011 10,814,000 0.84%
37 LIBERTY MEDIA CORP 260,608 9,955,000 0.77%
38 UNITED TECHNOLOGIES CORP 83,896 9,833,000 0.76%
39 MICROSOFT CORP 239,635 9,742,000 0.76%
40 GENERAL ELECTRIC CO 356,213 8,838,000 0.69%
41 LIBERTY MEDIA SER A 209,149 8,063,000 0.63%
42 SIGMA ALDRICH 57,196 7,907,000 0.61%
43 3M CO 47,543 7,842,000 0.61%
44 KEYCORP 548,021 7,760,000 0.60%
45 AUTOMATIC DATA PROCESSING IN 86,241 7,386,000 0.57%
46 EMERSON ELEC CO 121,664 6,889,000 0.53%
47 TIFFANY 76,465 6,730,000 0.52%
48 LIBERTY BROADBAND-C 112,509 6,368,000 0.49%
49 PEPSICO INC 66,258 6,336,000 0.49%
50 NIKE INC 58,670 5,886,000 0.46%
Page 1 of 6

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001308527-15-000002, filed 2015.04.29).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.