The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN EXPRESS CO COM 025816109 18,997 210,000 SH   DFND 1 0 210,000 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 314,303 1,144 SH   DFND 1 0 1,144 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 88,910 485,000 SH   DFND 1 0 485,000 0
CATERPILLAR INC DEL COM 149123101 62,193 498,700 SH   DFND 1 0 498,700 0
CHEVRON CORP NEW COM 166764100 21,867 186,100 SH   DFND 1 0 186,100 0
CISCO SYS INC COM 17275R102 61,281 1,822,200 SH   DFND 1 0 1,822,200 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 44,023 1,914,058 SH   DFND 1 0 1,914,058 0
ENTERPRISE PRODS PARTNERS L COM 293792107 12,430 476,800 SH   DFND 1 0 476,800 0
HARRIS CORP DEL COM 413875105 21,898 166,300 SH   DFND 1 0 166,300 0
INTERNATIONAL BUSINESS MACHS COM 459200101 21,066 145,200 SH   DFND 1 0 145,200 0
JOHNSON & JOHNSON COM 478160104 32,503 250,000 SH   DFND 1 0 250,000 0
JPMORGAN CHASE & CO COM 46625H100 98,184 1,028,000 SH   DFND 1 0 1,028,000 0
LTC PPTYS INC COM 502175102 5,262 112,000 SH   DFND 1 0 112,000 0
ORACLE CORP COM 68389X105 35,354 731,200 SH   DFND 1 0 731,200 0
PFIZER INC COM 717081103 43,093 1,207,100 SH   DFND 1 0 1,207,100 0
SANOFI SPONSORED ADR 80105N105 22,669 455,300 SH   DFND 1 0 455,300 0
VENTAS INC COM 92276F100 26,964 414,000 SH   DFND 1 0 414,000 0
VERIZON COMMUNICATIONS INC COM 92343V104 14,303 289,000 SH   DFND 1 0 289,000 0
WAL-MART STORES INC COM 931142103 63,926 818,100 SH   DFND 1 0 818,100 0
WELLS FARGO CO NEW COM 949746101 68,033 1,233,600 SH   DFND 1 0 1,233,600 0
YUM BRANDS INC COM 988498101 67,353 915,000 SH   DFND 1 0 915,000 0