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Institutional Investment Manager
Lourd Capital, LLC
Lourd Capital, LLC (CIK: 0001568190) incorporated in Delaware, located at 9777 Wilshire Blvd, Beverly Hills, CA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q3)
Portfolio Summary: 114 holdings with a total value of $986,618,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC-DEL CL 2,725 563,803,000 57.15%
2 VANGUARD INDEX FDS 551,006 54,957,000 5.57%
3 BERKSHIRE HATHAWAY INC DE CL B NEW 378,499 52,286,000 5.30%
4 VANGUARD INDEX FDS 686,482 49,324,000 5.00%
5 BANK AMERICA CORP 2,359,429 40,228,000 4.08%
6 FLEXSHARES IBOXX 5 Yr DURATION TIPS ETF 1,351,431 33,502,000 3.40%
7 COSTCO WHSL CORP NEW 181,455 22,740,000 2.30%
8 EXXON MOBIL CORP 239,214 22,498,000 2.28%
9 ISHARES TR 176,344 19,763,000 2.00%
10 SPDR BLOOMBERG INTERNATIONAL CORPORATE BOND ETF 397,667 14,081,000 1.43%
11 INTERNATIONAL BUSINESS MACHS 50,682 9,621,000 0.98%
12 CHEVRON CORP NEW 69,279 8,266,000 0.84%
13 DAILY JOURNAL CORP 41,331 7,460,000 0.76%
14 SPDR S&P MIDCAP 400 ETF TR 19,937 4,971,000 0.50%
15 FACEBOOK INC 54,093 4,276,000 0.43%
16 APPLE COMPUTER INC 37,267 3,755,000 0.38%
17 ISHARES TR 58,047 3,722,000 0.38%
18 Apache Corp 38,636 3,627,000 0.37%
19 LIONS GATE ENTERTAINMENT ORD 98,286 3,240,000 0.33%
20 NORDSTROM INC 45,293 3,097,000 0.31%
21 ISHARES TR 23,010 2,516,000 0.26%
22 VANGUARD INTL EQUITY INDEX F 51,697 2,156,000 0.22%
23 VANGUARD INDEX FDS 19,874 2,012,000 0.20%
24 WELLS FARGO & CO NEW 37,946 1,968,000 0.20%
25 VANGUARD INDEX FDS 22,243 1,806,000 0.18%
26 GENERAL ELECTRIC CO 66,662 1,708,000 0.17%
27 SPDR S&P 500 ETF TR 8,633 1,701,000 0.17%
28 ISHARES TR 40,900 1,700,000 0.17%
29 AMERICAN EXPRESS CO 19,233 1,684,000 0.17%
30 JPMORGAN CHASE & CO 30,890 1,640,000 0.17%
31 Zillow, Inc. 13,217 1,533,000 0.16%
32 COCA COLA CO 31,085 1,326,000 0.13%
33 TRUECAR INC 73,630 1,322,000 0.13%
34 KINDER MORGAN INC DEL 33,457 1,283,000 0.13%
35 PROCTER AND GAMBLE CO 15,203 1,273,000 0.13%
36 JOHNSON & JOHNSON 11,686 1,246,000 0.13%
37 ISHARES TR 11,124 1,171,000 0.12%
38 EXPEDIA INC DEL 12,856 1,126,000 0.11%
39 TRIPADVISOR INC 12,057 1,102,000 0.11%
40 MICROSOFT CORP 22,947 1,064,000 0.11%
41 ISHARES TR 18,259 998,000 0.10%
42 LAS VEGAS SANDS CORP 15,780 982,000 0.10%
43 POWERSHARES QQQ TRUST 9,201 909,000 0.09%
44 DIAGEO P L C 7,659 884,000 0.09%
45 ISHARES MSCI EAFE SMALL CAP IDX FD 18,156 881,000 0.09%
46 DISNEY WALT CO 8,883 791,000 0.08%
47 PFIZER INC 25,921 766,000 0.08%
48 First Century Bankshares Inc 98,652 727,000 0.07%
49 VANGUARD INTL EQUITY INDEX F 13,918 685,000 0.07%
50 AMAZON COM INC 2,082 671,000 0.07%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-14-002097, filed 2014.11.06).

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.