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 19,589 210,000 SH   DFND 1 0 210,000 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 342,170 1,144 SH   DFND 1 0 1,144 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 96,748 485,000 SH   DFND 1 0 485,000 0
CATERPILLAR INC DEL COM 149123101 73,498 498,700 SH   DFND 1 0 498,700 0
CHEVRON CORP NEW COM 166764100 21,223 186,100 SH   DFND 1 0 186,100 0
CISCO SYS INC COM 17275R102 78,154 1,822,200 SH   DFND 1 0 1,822,200 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 40,980 1,914,058 SH   DFND 1 0 1,914,058 0
ENTERPRISE PRODS PARTNERS L COM 293792107 11,672 476,800 SH   DFND 1 0 476,800 0
INTERNATIONAL BUSINESS MACHS COM 459200101 22,278 145,200 SH   DFND 1 0 145,200 0
JOHNSON & JOHNSON COM 478160104 32,038 250,000 SH   DFND 1 0 250,000 0
JPMORGAN CHASE & CO COM 46625H100 113,049 1,028,000 SH   DFND 1 0 1,028,000 0
LTC PPTYS INC COM 502175102 4,256 112,000 SH   DFND 1 0 112,000 0
ORACLE CORP COM 68389X105 33,452 731,200 SH   DFND 1 0 731,200 0
PFIZER INC COM 717081103 42,840 1,207,100 SH   DFND 1 0 1,207,100 0
VENTAS INC COM 92276F100 20,505 414,000 SH   DFND 1 0 414,000 0
VERIZON COMMUNICATIONS INC COM 92343V104 13,820 289,000 SH   DFND 1 0 289,000 0
WAL-MART STORES INC COM 931142103 51,336 577,000 SH   DFND 1 0 577,000 0
WELLS FARGO CO NEW COM 949746101 64,653 1,233,600 SH   DFND 1 0 1,233,600 0
YUM BRANDS INC COM 988498101 72,956 857,000 SH   DFND 1 0 857,000 0