Dark
Light
System
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 (2016Q1)
Portfolio Summary: 226 holdings with a total value of $1,386,689,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 595,298 84,461,000 6.09%
2 NESTLE SA SPONSORED ADR REPSTG 695,266 51,874,000 3.74%
3 MARKEL CORP 57,280 51,069,000 3.68%
4 APPLE INC 458,641 49,987,000 3.60%
5 EXXON MOBIL CORP 575,813 48,132,000 3.47%
6 MASTERCARD INCORPORATED 457,492 43,233,000 3.12%
7 BECTON DICKINSON & CO 247,093 37,514,000 2.71%
8 SMUCKER J M CO 273,476 35,508,000 2.56%
9 DIAGEO P L C 310,398 33,483,000 2.41%
10 COLGATE PALMOLIVE CO 459,936 32,494,000 2.34%
11 TIFFANY 442,491 32,470,000 2.34%
12 BROWN FORMAN CORP CL B 313,686 30,889,000 2.23%
13 CANADIAN NATL RY CO 488,526 30,513,000 2.20%
14 ALPHABET INC 39,388 29,342,000 2.12%
15 DEERE & CO 370,698 28,540,000 2.06%
16 NOVARTIS A G 392,964 28,466,000 2.05%
17 Heineken NV ADR (Spon) 627,371 28,414,000 2.05%
18 PRAXAIR INC 232,897 26,655,000 1.92%
19 AMGEN INC 175,757 26,351,000 1.90%
20 ECOLAB INC 235,361 26,247,000 1.89%
21 AMERICAN EXPRESS CO 427,433 26,244,000 1.89%
22 FASTENAL CO 508,744 24,928,000 1.80%
23 BOEING CO 193,899 24,614,000 1.78%
24 JOHNSON & JOHNSON 221,418 23,957,000 1.73%
25 MICROSOFT CORP 417,006 23,031,000 1.66%
26 DISNEY WALT CO 214,463 21,298,000 1.54%
27 TRANSDIGM GROUP INC COM 92,125 20,299,000 1.46%
28 ANHEUSER BUSCH INBEV SA/NV 159,308 19,859,000 1.43%
29 MERCK & CO INC 369,845 19,568,000 1.41%
30 MARTIN MARIETTA MATLS INC 120,796 19,268,000 1.39%
31 DISCOVERY C 695,771 18,786,000 1.35%
32 ALPHABET INC 22,936 17,498,000 1.26%
33 BERKSHIRE HATHAWAY INC DEL 75 16,009,000 1.15%
34 COCA COLA CO 338,746 15,714,000 1.13%
35 AT&T INC 365,425 14,314,000 1.03%
36 INTERNATIONAL BUSINESS MACHS 78,963 11,959,000 0.86%
37 PROCTER AND GAMBLE CO 141,235 11,625,000 0.84%
38 LIBERTY GLOBAL PLC 250,572 9,411,000 0.68%
39 CHEVRON CORP NEW 97,456 9,297,000 0.67%
40 UNILEVER PLC 194,604 8,792,000 0.63%
41 THERMO FISHER SCIENTIFIC INC 59,828 8,471,000 0.61%
42 AUTOMATIC DATA PROCESSING IN 91,315 8,192,000 0.59%
43 GENERAL ELECTRIC CO 252,951 8,041,000 0.58%
44 UNITED TECHNOLOGIES CORP 79,443 7,952,000 0.57%
45 3M CO 46,163 7,692,000 0.55%
46 NIKE INC 125,090 7,689,000 0.55%
47 CVS HEALTH CORP 69,119 7,170,000 0.52%
48 PHILIP MORRIS INTL INC 70,333 6,900,000 0.50%
49 PEPSICO INC 61,355 6,288,000 0.45%
50 MCDONALDS CORP 48,937 6,150,000 0.44%
Page 1 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001308527-16-000012, filed 2016.04.26).

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.