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 (2016Q4)
Portfolio Summary: 239 holdings with a total value of $1,482,092,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 604,474 98,517,000 6.65%
2 APPLE INC 506,301 58,640,000 3.96%
3 MARKEL CORP 59,541 53,855,000 3.63%
4 NESTLE SA SPONSORED ADR REPSTG 729,335 52,322,000 3.53%
5 MASTERCARD INCORPORATED 470,138 48,542,000 3.28%
6 TIFFANY 576,449 44,634,000 3.01%
7 Exxon Mobil Corp 474,679 42,845,000 2.89%
8 DISNEY WALT CO 406,178 42,332,000 2.86%
9 BECTON DICKINSON & CO 246,158 40,751,000 2.75%
10 MICROSOFT CORP 611,494 37,998,000 2.56%
11 DEERE & CO 366,587 37,773,000 2.55%
12 ALPHABET INC 45,826 35,369,000 2.39%
13 CANADIAN NATL RY CO 504,220 33,984,000 2.29%
14 AMERICAN EXPRESS CO 444,160 32,903,000 2.22%
15 DIAGEO P L C 304,547 31,655,000 2.14%
16 AMGEN INC 215,449 31,501,000 2.13%
17 ECOLAB INC 267,503 31,357,000 2.12%
18 COLGATE PALMOLIVE CO 479,015 31,347,000 2.12%
19 Novartis AG ADR 418,949 30,516,000 2.06%
20 BOEING CO 191,212 29,768,000 2.01%
21 Praxair Inc 243,308 28,513,000 1.92%
22 MARTIN MARIETTA MATLS INC 126,529 28,030,000 1.89%
23 Heineken NV ADR (Spon) 684,642 25,612,000 1.73%
24 JOHNSON & JOHNSON 217,460 25,054,000 1.69%
25 ANHEUSER BUSCH INBEV SA/NV 236,919 24,981,000 1.69%
26 COSTCO WHSL CORP NEW 153,633 24,598,000 1.66%
27 TRANSDIGM GROUP INC COM 98,063 24,414,000 1.65%
28 FASTENAL CO 519,329 24,398,000 1.65%
29 BROWN FORMAN CORP CL B 506,274 22,742,000 1.53%
30 MERCK & CO INC 346,145 20,378,000 1.37%
31 BERKSHIRE HATHAWAY INC DEL 72 17,577,000 1.19%
32 ALAPHABET INC 21,866 17,328,000 1.17%
33 INTERNATIONAL BUSINESS MACHS 73,626 12,221,000 0.82%
34 CHEVRON CORP NEW 103,574 12,191,000 0.82%
35 AT&T INC 258,882 11,010,000 0.74%
36 PROCTER AND GAMBLE CO 127,721 10,739,000 0.72%
37 SM ENERGY CO 295,015 10,172,000 0.69%
38 CVS HEALTH CORP 120,054 9,473,000 0.64%
39 AUTOMATIC DATA PROCESSING IN 83,747 8,608,000 0.58%
40 FRANKLIN RESOURCES INC 213,883 8,465,000 0.57%
41 3M CO 45,464 8,119,000 0.55%
42 UNITED TECHNOLOGIES CORP 72,908 7,992,000 0.54%
43 GENERAL ELECTRIC CO 244,170 7,716,000 0.52%
44 UNILEVER PLC 189,298 7,704,000 0.52%
45 KEYCORP 396,521 7,244,000 0.49%
46 COCA COLA CO 168,734 6,996,000 0.47%
47 MCDONALDS CORP 56,012 6,818,000 0.46%
48 NIKE INC 132,632 6,742,000 0.45%
49 JPMORGAN CHASE & CO 77,700 6,705,000 0.45%
50 PHILIP MORRIS INTL INC 70,329 6,434,000 0.43%
Page 1 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001308527-17-000002, filed 2017.01.31).

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.