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 20,855 210,000 SH   DFND 1 0 210,000 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 340,454 1,144 SH   DFND 1 0 1,144 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 96,137 485,000 SH   DFND 1 0 485,000 0
CATERPILLAR INC DEL COM 149123101 78,585 498,700 SH   DFND 1 0 498,700 0
CHEVRON CORP NEW COM 166764100 23,298 186,100 SH   DFND 1 0 186,100 0
CISCO SYS INC COM 17275R102 69,790 1,822,200 SH   DFND 1 0 1,822,200 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 45,937 1,914,058 SH   DFND 1 0 1,914,058 0
ENTERPRISE PRODS PARTNERS L COM 293792107 12,640 476,800 SH   DFND 1 0 476,800 0
INTERNATIONAL BUSINESS MACHS COM 459200101 22,277 145,200 SH   DFND 1 0 145,200 0
JOHNSON & JOHNSON COM 478160104 34,930 250,000 SH   DFND 1 0 250,000 0
JPMORGAN CHASE & CO COM 46625H100 109,934 1,028,000 SH   DFND 1 0 1,028,000 0
LTC PPTYS INC COM 502175102 4,878 112,000 SH   DFND 1 0 112,000 0
ORACLE CORP COM 68389X105 34,571 731,200 SH   DFND 1 0 731,200 0
PFIZER INC COM 717081103 43,721 1,207,100 SH   DFND 1 0 1,207,100 0
VENTAS INC COM 92276F100 24,844 414,000 SH   DFND 1 0 414,000 0
VERIZON COMMUNICATIONS INC COM 92343V104 15,297 289,000 SH   DFND 1 0 289,000 0
WAL-MART STORES INC COM 931142103 56,979 577,000 SH   DFND 1 0 577,000 0
WELLS FARGO CO NEW COM 949746101 74,843 1,233,600 SH   DFND 1 0 1,233,600 0
YUM BRANDS INC COM 988498101 74,673 915,000 SH   DFND 1 0 915,000 0