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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 (2016Q1)
Portfolio Summary: 53 holdings with a total value of $564,920,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 WHITE MOUNTAINS INSURANCE GRP LTD 90,526 72,656,000 12.86%
2 BERKSHIRE HATHAWAY INC DEL 371,977 52,776,000 9.34%
3 GRAHAM HLDGS CO COM 98,088 47,082,000 8.33%
4 CABLE ONE INC 91,156 39,847,000 7.05%
5 FAIRFAX FINANCIAL HOLDINGS LTD 70,821 39,809,000 7.05%
6 ENDURANCE SPECIALTY 601,130 39,278,000 6.95%
7 EXPEDIA INC DEL 262,793 28,334,000 5.02%
8 LIBERTY MEDIA HOLDING CP INTER A 1,089,118 27,500,000 4.87%
9 LOEWS CORP 505,012 19,322,000 3.42%
10 UNILEVER N V 387,804 17,327,000 3.07%
11 TRIBUNE MEDIA CO 428,060 16,416,000 2.91%
12 LIBERTY INTERACTIVE CORP LBT VENT COM A DELETED 366,110 14,322,000 2.54%
13 MEREDITH CORP COM 252,969 12,016,000 2.13%
14 JOHNSON & JOHNSON 101,568 10,990,000 1.95%
15 LIBERTY MEDIA CORP 280,408 10,681,000 1.89%
16 ECHOSTAR CORP CL A 238,369 10,557,000 1.87%
17 GENERAL MLS INC 149,583 9,476,000 1.68%
18 ASCENT CAP GROUP INC COM SER A 626,017 9,271,000 1.64%
19 WAL-MART STORES INC 125,113 8,569,000 1.52%
20 REPUBLIC SVCS INC 163,164 7,775,000 1.38%
21 COCA COLA CO 152,589 7,079,000 1.25%
22 GLAXOSMITHKLINE PLC 143,185 5,806,000 1.03%
23 UNILEVER PLC 119,862 5,415,000 0.96%
24 LIBERTY MEDIA SER A 136,934 5,290,000 0.94%
25 LIBERTY BROADBAND-C 89,037 5,160,000 0.91%
26 SANOFI 124,905 5,016,000 0.89%
27 NOVARTIS A G 66,949 4,850,000 0.86%
28 RESOLUTE FOREST 672,425 3,705,000 0.66%
29 BERKSHIRE HATHAWAY INC DEL 14 2,988,000 0.53%
30 Tootsie Roll Industries Inc 81,705 2,855,000 0.51%
31 PROCTER AND GAMBLE CO 29,751 2,449,000 0.43%
32 GENTEX CORP 155,780 2,444,000 0.43%
33 CLOROX CO DEL 16,092 2,029,000 0.36%
34 LIBERTY BROADBAND CORP COM SER A 33,891 1,971,000 0.35%
35 MONDELEZ INTL INC 44,555 1,788,000 0.32%
36 MERCK & CO INC 31,006 1,641,000 0.29%
37 DR PEPPER SNAPPLE GROUP INC 16,028 1,433,000 0.25%
38 CENVEO INC 3,117,453 1,409,000 0.25%
39 COLGATE PALMOLIVE CO 19,798 1,399,000 0.25%
40 HERSHEY CO 14,436 1,329,000 0.24%
41 KRAFT HEINZ CO 14,378 1,130,000 0.20%
42 PHILIP MORRIS INTL INC 5,728 562,000 0.10%
43 ALTRIA GROUP INC 7,268 455,000 0.08%
44 LILLY ELI & CO 6,053 436,000 0.08%
45 WELLS FARGO & CO NEW 8,661 419,000 0.07%
46 CBS CORP NEW 5,110 282,000 0.05%
47 NESTLE SA SPONSORED ADR REPSTG 3,653 274,000 0.05%
48 MCDONALDS CORP 2,175 273,000 0.05%
49 VECTRUS INC 12,000 273,000 0.05%
50 PFIZER INC 8,540 253,000 0.04%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001104659-16-121263, filed 2016.05.16).

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.