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 (2016Q3)
Portfolio Summary: 91 holdings with a total value of $908,570,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 2,368 512,009,000 56.35%
2 BERKSHIRE HATHAWAY INC DEL 771,712 111,489,000 12.27%
3 VANGUARD INDEX FDS 465,457 51,507,000 5.67%
4 VANGUARD INDEX FDS 579,858 50,297,000 5.54%
5 BANK AMER CORP 2,345,240 36,703,000 4.04%
6 COSTCO WHSL CORP NEW 181,450 27,673,000 3.05%
7 EXXON MOBIL CORP 247,860 21,633,000 2.38%
8 DAILY JOURNAL CORP 41,331 9,051,000 1.00%
9 INTERNATIONAL BUSINESS MACHS 48,103 7,641,000 0.84%
10 CHEVRON CORP NEW 70,672 7,274,000 0.80%
11 FACEBOOK INC 55,785 7,156,000 0.79%
12 SPDR S&P MIDCAP 400 ETF TR 19,160 5,408,000 0.60%
13 APPLE INC 30,175 3,411,000 0.38%
14 SPDR S&P 500 ETF TR 13,849 2,996,000 0.33%
15 APACHE CORP 38,804 2,478,000 0.27%
16 NORDSTROM INC 44,996 2,334,000 0.26%
17 GENERAL ELECTRIC CO 76,617 2,269,000 0.25%
18 ISHARES TR 16,387 2,035,000 0.22%
19 AMAZON COM INC 2,289 1,917,000 0.21%
20 VANGUARD INDEX FDS 16,892 1,881,000 0.21%
21 ISHARES TR 16,059 1,871,000 0.21%
22 WELLS FARGO & CO NEW 42,081 1,863,000 0.21%
23 PROCTER AND GAMBLE CO 17,907 1,607,000 0.18%
24 ISHARES TR 25,088 1,483,000 0.16%
25 COCA COLA CO 33,447 1,415,000 0.16%
26 MICROSOFT CORP 21,437 1,235,000 0.14%
27 AMERICAN EXPRESS CO 19,196 1,229,000 0.14%
28 GRUBHUB INC 27,864 1,198,000 0.13%
29 JOHNSON & JOHNSON 9,221 1,089,000 0.12%
30 POWERSHARES QQQ TRUST 9,031 1,072,000 0.12%
31 PFIZER INC 30,648 1,038,000 0.11%
32 AT&T INC 24,585 998,000 0.11%
33 3M CO 5,434 958,000 0.11%
34 IAC INTERACTIVECORP 14,867 929,000 0.10%
35 DIAGEO P L C 7,698 893,000 0.10%
36 ALPHABET INC 932 749,000 0.08%
37 JPMORGAN CHASE & CO 10,033 668,000 0.07%
38 BRISTOL MYERS SQUIBB CO 11,719 632,000 0.07%
39 VANGUARD INDEX FDS 7,214 628,000 0.07%
40 VERIZON COMMUNICATIONS INC 11,729 610,000 0.07%
41 TCW STRATEGIC INCOME FD INC 113,500 602,000 0.07%
42 PHILIP MORRIS INTL INC 6,108 594,000 0.07%
43 JPMORGAN CHASE & CO 18,519 583,000 0.06%
44 EXPEDIA INC DEL 4,954 578,000 0.06%
45 ISHARES RUSSELL 2000 VALUE ETF 5,501 576,000 0.06%
46 ISHARES TR 2,641 575,000 0.06%
47 ACCENTURE PLC IRELAND 4,609 563,000 0.06%
48 MASTERCARD INCORPORATED 5,463 556,000 0.06%
49 FLEXSHARES IBOXX 5 Yr DURATION TIPS ETF 21,100 538,000 0.06%
50 ISHARES MSCI EAFE SMALL CAP IDX FD 10,100 529,000 0.06%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-16-004618, filed 2016.11.02).

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.