Dark
Light
System
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 (2015Q1)
Portfolio Summary: 125 holdings with a total value of $1,025,715,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 2,644 575,070,000 56.07%
2 VANGUARD INDEX FDS 557,318 60,971,000 5.94%
3 VANGUARD INDEX FDS 713,396 60,146,000 5.86%
4 BERKSHIRE HATHAWAY INC DEL 380,619 54,931,000 5.36%
5 FLEXSHARES IBOXX 5 Yr DURATION TIPS ETF 1,483,876 36,845,000 3.59%
6 BANK AMER CORP 2,344,752 36,086,000 3.52%
7 COSTCO WHSL CORP NEW 181,706 27,528,000 2.68%
8 ISHARES TR 190,811 21,674,000 2.11%
9 EXXON MOBIL CORP 240,173 20,415,000 1.99%
10 SPDR BLOOMBERG INTERNATIONAL CORPORATE BOND ETF 396,096 12,319,000 1.20%
11 INTERNATIONAL BUSINESS MACHS 50,642 8,128,000 0.79%
12 DAILY JOURNAL CORP 41,331 7,572,000 0.74%
13 CHEVRON CORP NEW 69,626 7,309,000 0.71%
14 SPDR S&P MIDCAP 400 ETF TR 19,832 5,498,000 0.54%
15 APPLE INC 36,494 4,541,000 0.44%
16 FACEBOOK INC 54,645 4,493,000 0.44%
17 NORDSTROM INC 45,335 3,641,000 0.35%
18 ISHARES TR 28,514 3,546,000 0.35%
19 ISHARES TR 55,001 3,529,000 0.34%
20 SPDR S&P 500 ETF TR 15,433 3,186,000 0.31%
21 LIONS GATE ENTERTAINMENT ORD 88,436 3,000,000 0.29%
22 VANGUARD INDEX FDS 26,249 2,815,000 0.27%
23 APACHE CORP 38,801 2,341,000 0.23%
24 WELLS FARGO & CO NEW 39,349 2,141,000 0.21%
25 VANGUARD INTL EQUITY INDEX F 51,904 2,121,000 0.21%
26 JPMORGAN CHASE & CO 45,965 1,967,000 0.19%
27 VANGUARD INDEX FDS 22,182 1,857,000 0.18%
28 KINDER MORGAN INC DEL 42,122 1,772,000 0.17%
29 GENERAL ELECTRIC CO 68,021 1,688,000 0.16%
30 AMERICAN EXPRESS CO 19,402 1,516,000 0.15%
31 ZILLOW GROUP INC 14,980 1,502,000 0.15%
32 FLEXSHARES IBOXX 3 Yr DURATION TIPS ETF 60,600 1,478,000 0.14%
33 COCA COLA CO 31,521 1,278,000 0.12%
34 PROCTER AND GAMBLE CO 15,568 1,276,000 0.12%
35 SELECT SECTOR SPDR TR 16,881 1,224,000 0.12%
36 ISHARES TR 11,124 1,174,000 0.11%
37 POWERSHARES QQQ TRUST 10,605 1,120,000 0.11%
38 JOHNSON & JOHNSON 10,096 1,016,000 0.10%
39 MICROSOFT CORP 24,167 983,000 0.10%
40 DISNEY WALT CO 9,312 977,000 0.10%
41 ISHARES TR 18,259 973,000 0.09%
42 PFIZER INC 27,003 939,000 0.09%
43 ISHARES MSCI EAFE SMALL CAP IDX FD 18,156 898,000 0.09%
44 DIAGEO P L C 7,647 846,000 0.08%
45 AMAZON COM INC 2,220 826,000 0.08%
46 SELECT SECTOR SPDR TR 32,335 780,000 0.08%
47 VANGUARD INTL EQUITY INDEX F 15,703 765,000 0.07%
48 ISHARES TR 18,835 756,000 0.07%
49 CU BANCORP CALIF 32,844 747,000 0.07%
50 LAS VEGAS SANDS CORP 12,383 682,000 0.07%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-15-001002, filed 2015.04.29).

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.