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Institutional Investment Manager
Wallace Capital Management Inc.
Wallace Capital Management Inc. (CIK: 0001459754) incorporated in Texas, located at 100 Crescent Court, Dallas, TX. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q3)
Portfolio Summary: 53 holdings with a total value of $545,917,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 WHITE MOUNTAINS INSURANCE GRP LTD 90,528 67,651,000 12.39%
2 GRAHAM HLDGS CO COM 88,829 51,255,000 9.39%
3 BERKSHIRE HATHAWAY INC DEL 328,866 42,884,000 7.86%
4 EXPEDIA INC DEL 339,910 40,001,000 7.33%
5 CABLE ONE INC 90,013 37,753,000 6.92%
6 ENDURANCE SPECIALTY 598,008 36,496,000 6.69%
7 FAIRFAX FINANCIAL HOLDINGS LTD 69,354 31,438,000 5.76%
8 LIBERTY MEDIA HOLDING CP INTER A 1,076,758 28,243,000 5.17%
9 UNILEVER N V 369,639 14,859,000 2.72%
10 LIBERTY INTERACTIVE CORP LBT VENT COM A DELETED 346,836 13,995,000 2.56%
11 EMPLOYERS HLDGS INC COM 562,916 12,547,000 2.30%
12 ASCENT CAP GROUP INC COM SER A 432,753 11,849,000 2.17%
13 MEREDITH CORP COM 260,768 11,104,000 2.03%
14 TRIBUNE MEDIA CO 293,643 10,454,000 1.91%
15 ECHOSTAR CORP CL A 242,594 10,439,000 1.91%
16 LIBERTY MEDIA CORP 272,583 9,393,000 1.72%
17 JOHNSON & JOHNSON 100,359 9,369,000 1.72%
18 GENERAL MLS INC 150,123 8,426,000 1.54%
19 WAL-MART STORES INC 126,472 8,200,000 1.50%
20 REPUBLIC SVCS INC 168,938 6,960,000 1.27%
21 COCA COLA CO 156,726 6,288,000 1.15%
22 CENVEO INC 3,200,209 6,016,000 1.10%
23 RESOLUTE FOREST 707,595 5,880,000 1.08%
24 NOVARTIS A G 63,214 5,811,000 1.06%
25 SANOFI 118,110 5,607,000 1.03%
26 GLAXOSMITHKLINE PLC 136,089 5,233,000 0.96%
27 LIBERTY MEDIA SER A 138,109 4,933,000 0.90%
28 UNILEVER PLC 120,838 4,928,000 0.90%
29 LIBERTY BROADBAND-C 89,092 4,559,000 0.84%
30 LOEWS CORP 107,735 3,894,000 0.71%
31 VALIDUS HOLDINGS LTD 84,753 3,820,000 0.70%
32 BERKSHIRE HATHAWAY INC DEL 14 2,733,000 0.50%
33 Tootsie Roll Industries Inc 85,528 2,676,000 0.49%
34 GENTEX CORP 154,425 2,394,000 0.44%
35 CLOROX CO DEL 18,283 2,112,000 0.39%
36 PROCTER AND GAMBLE CO 28,095 2,021,000 0.37%
37 MONDELEZ INTL INC 44,691 1,871,000 0.34%
38 LIBERTY BROADBAND CORP COM SER A 34,411 1,770,000 0.32%
39 DR PEPPER SNAPPLE GROUP INC 20,038 1,584,000 0.29%
40 MERCK & CO INC 31,291 1,545,000 0.28%
41 COLGATE PALMOLIVE CO 22,073 1,401,000 0.26%
42 HERSHEY CO 14,179 1,303,000 0.24%
43 KRAFT HEINZ CO 14,094 995,000 0.18%
44 NATIONAL PRESTO INDS INC COM 7,934 669,000 0.12%
45 LILLY ELI & CO 6,879 576,000 0.11%
46 WELLS FARGO & CO NEW 7,849 403,000 0.07%
47 ALTRIA GROUP INC 6,575 358,000 0.07%
48 PHILIP MORRIS INTL INC 3,692 293,000 0.05%
49 PFIZER INC 7,442 234,000 0.04%
50 Iron Mountain Inc New 7,382 229,000 0.04%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001104659-15-079247, filed 2015.11.16).

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.