| 1 | 1Berkshire Hathaway Inctracked | 24,669,77824.7M | $10.8B | 14.24% | — |
| 2 | 2TCI FUND MANAGEMENT LTD | 14,334,02714.3M | $6.3B | 8.28% | ADD 8% |
| 3 | 3BlackRock, Inc. | 13,127,82413.1M | $5.7B | 7.58% | TRIM -6% |
| 4 | 4VANGUARD CAPITAL MANAGEMENT LLC | 9,885,3169.9M | $4.3B | 5.71% | NEW† |
| 5 | 5STATE STREET CORP | 7,138,8377.1M | $3.1B | 4.12% | — |
| 6 | 6FMR LLC | 4,986,7525.0M | $2.2B | 2.88% | TRIM -9% |
| 7 | 7GEODE CAPITAL MANAGEMENT, LLC | 4,081,5644.1M | $1.8B | 2.36% | ADD 3% |
| 8 | 8VANGUARD PORTFOLIO MANAGEMENT LLC | 3,882,4723.9M | $1.7B | 2.24% | NEW† |
| 9 | 9Fiera Capital Corp | 2,356,4542.4M | $1.0B | 1.36% | — |
| 10 | 10PineStone Asset Management Inc. | 2,349,7842.3M | $1.0B | 1.36% | — |
| 11 | 11Bank of New York Mellon Corp | 2,349,2812.3M | $1.0B | 1.36% | ADD 3% |
| 12 | 12MORGAN STANLEY | 2,322,2972.3M | $1.0B | 1.34% | TRIM -2% |
| 13 | 13GOLDMAN SACHS GROUP INC | 2,156,9592.2M | $941M | 1.25% | ADD 45% |
| 14 | 14PRICE T ROWE ASSOCIATES INC /MD/ | 1,830,7581.8M | $799M | 1.06% | ADD 7% |
| 15 | 15NORTHERN TRUST CORP | 1,752,8881.8M | $765M | 1.01% | ADD 4% |
| 16 | 16Egerton Capital (UK) LLP | 1,545,6701.5M | $674M | 0.89% | ADD 100% |
| 17 | 17MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 1,328,0121.3M | $605M | 0.77% | — |
| 18 | 18UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1,387,0751.4M | $605M | 0.80% | — |
| 19 | 19WINDACRE PARTNERSHIP LLC | 1,332,9001.3M | $581M | 0.77% | ADD 19% |
| 20 | 20Valley Forge Capital Management, LP | 1,317,1881.3M | $575M | 0.76% | — |
| 21 | 21AKRE CAPITAL MANAGEMENT LLCtracked | 1,246,1141.2M | $544M | 0.72% | TRIM -28% |
| 22 | 22CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1,146,5331.1M | $500M | 0.66% | ADD 3% |
| 23 | 23Rothschild & Co Wealth Management UK Ltd | 1,108,9341.1M | $484M | 0.64% | — |
| 24 | 24PRINCIPAL FINANCIAL GROUP INC | 1,081,8071.1M | $472M | 0.62% | ADD 73% |
| 25 | 25Legal & General Group Plc | 1,044,8411.0M | $456M | 0.60% | TRIM -13% |
| 26 | 26Invesco Ltd. | 1,029,0911.0M | $449M | 0.59% | ADD 2% |
| 27 | 27VANGUARD FIDUCIARY TRUST CO | 883,679883,679 | $386M | 0.51% | NEW |
| 28 | 28DIMENSIONAL FUND ADVISORS LP | 882,973882,973 | $385M | 0.51% | ADD 7% |
| 29 | 29SCHRODER INVESTMENT MANAGEMENT GROUP | 890,699890,699 | $385M | 0.51% | ADD 58% |
| 30 | 30ALTAROCK PARTNERS LP | 862,036862,036 | $376M | 0.50% | ADD 6% |
| 31 | 31Amundi | 842,967842,967 | $368M | 0.49% | TRIM -7% |
| 32 | 32Ninety One UK Ltd | 840,302840,302 | $367M | 0.49% | — |
| 33 | 33ROYAL BANK OF CANADA | 786,943786,943 | $343M | 0.45% | — |
| 34 | 34BAILLIE GIFFORD & CO | 764,266764,266 | $333M | 0.44% | ADD 11% |
| 35 | 35DEUTSCHE BANK AG\ | 746,867746,867 | $326M | 0.43% | ADD 7% |
| 36 | 36BARCLAYS PLC | 709,825709,825 | $310M | 0.41% | TRIM -38% |
| 37 | 37Longview Partners (Guernsey) LTD | 709,634709,634 | $310M | 0.41% | TRIM -27% |
| 38 | 38Allen Investment Management, LLC | 701,813701,813 | $306M | 0.41% | TRIM -3% |
| 39 | 39NEUBERGER BERMAN GROUP LLC | 680,927680,927 | $297M | 0.39% | ADD 3% |
| 40 | 40BANK OF AMERICA CORP /DE/ | 671,947671,947 | $293M | 0.39% | TRIM -15% |
| 41 | 41Nuveen, LLC | 659,944659,944 | $288M | 0.38% | TRIM -7% |
| 42 | 42STIFEL FINANCIAL CORP | 655,920655,920 | $286M | 0.38% | TRIM -3% |
| 43 | 43Russell Investments Group, Ltd. | 614,364614,364 | $268M | 0.35% | ADD 7% |
| 44 | 44APG Asset Management N.V. | 684,104684,104 | $259M | 0.39% | ADD 20% |
| 45 | 45UBS Group AG | 588,848588,848 | $257M | 0.34% | ADD 42% |
| 46 | 46NORDEA INVESTMENT MANAGEMENT AB | 558,311558,311 | $239M | 0.32% | — |
| 47 | 47JPMORGAN CHASE & CO | 546,149546,149 | $236M | 0.32% | ADD 10% |
| 48 | 48MARSHFIELD ASSOCIATES | 538,993538,993 | $235M | 0.31% | TRIM -4% |
| 49 | 49BLS CAPITAL FONDSMAEGLERSELSKAB A/S | 518,183518,183 | $226M | 0.30% | ADD 92% |
| 50 | 50AKO CAPITAL LLP | 510,824510,824 | $223M | 0.29% | TRIM -31% |
| 51 | 51BNP PARIBAS FINANCIAL MARKETS | 504,423504,423 | $220M | 0.29% | ADD 164% |
| 52 | 52National Pension Service | 499,293499,293 | $218M | 0.29% | TRIM -3% |
| 53 | 53HSBC HOLDINGS PLC | 459,565459,565 | $200M | 0.27% | TRIM -49% |
| 54 | 54Local Pensions Partnership Investment Ltd | 451,568451,568 | $197M | 0.26% | TRIM -3% |
| 55 | 55AQR CAPITAL MANAGEMENT LLC | 451,090451,090 | $197M | 0.26% | ADD 466% |
| 56 | 56ENVESTNET ASSET MANAGEMENT INC | 427,526427,526 | $187M | 0.25% | ADD 6% |
| 57 | 57STOREBRAND ASSET MANAGEMENT AS | 411,894411,894 | $180M | 0.24% | TRIM -10% |
| 58 | 58Cantillon Capital Management LLC | 392,513392,513 | $171M | 0.23% | TRIM -12% |
| 59 | 59Canoe Financial LP | 391,882391,882 | $171M | 0.23% | TRIM -8% |
| 60 | 60FIRST TRUST ADVISORS LP | 388,309388,309 | $169M | 0.22% | TRIM -7% |
| 61 | 61Skye Global Management LP | 368,000368,000 | $161M | 0.21% | ADD 6% |
| 62 | 62Caisse de depot et placement du Quebec | 366,884366,884 | $160M | 0.21% | ADD 51% |
| 63 | 63GENERATION INVESTMENT MANAGEMENT LLP | 366,361366,361 | $160M | 0.21% | ADD 62% |
| 64 | 64VOYA INVESTMENT MANAGEMENT LLC | 362,497362,497 | $158M | 0.21% | TRIM -15% |
| 65 | 65Mitsubishi UFJ Asset Management Co., Ltd. | 355,176355,176 | $155M | 0.21% | ADD 8% |
| 66 | 66AMERIPRISE FINANCIAL INC | 345,075345,075 | $151M | 0.20% | ADD 17% |
| 67 | 67Sumitomo Mitsui Trust Group, Inc. | 345,042345,042 | $151M | 0.20% | TRIM -5% |
| 68 | 68Evergreen Quality Fund GP, Ltd. | 337,200337,200 | $147M | 0.19% | TRIM -50% |
| 69 | 69Vanguard Global Advisers, LLC | 335,650335,650 | $146M | 0.19% | NEW |
| 70 | 70RHUMBLINE ADVISERS | 304,762304,762 | $133M | 0.18% | — |
| 71 | 71SG Americas Securities, LLC | 300,036300,036 | $131M | 0.17% | ADD 112% |
| 72 | 72VOLORIDGE INVESTMENT MANAGEMENT, LLC | 297,370297,370 | $130M | 0.17% | ADD 440% |
| 73 | 73DF DENT & CO INC | 295,401295,401 | $129M | 0.17% | TRIM -16% |
| 74 | 74California Public Employees Retirement System | 294,426294,426 | $128M | 0.17% | — |
| 75 | 75Sarasin & Partners LLP | 287,785287,785 | $126M | 0.17% | TRIM -30% |
| 76 | 76LAZARD ASSET MANAGEMENT LLC | 286,213286,213 | $125M | 0.17% | ADD 5103% |
| 77 | 77Robeco Institutional Asset Management B.V. | 276,525276,525 | $121M | 0.16% | ADD 65% |
| 78 | 78Newport Trust Company, LLC | 272,656272,656 | $119M | 0.16% | — |
| 79 | 79NATIXIS ADVISORS, LLC | 272,202272,202 | $119M | 0.16% | ADD 62% |
| 80 | 80VANGUARD ASSET MANAGEMENT, Ltd | 271,931271,931 | $119M | 0.16% | NEW |
| 81 | 81KING LUTHER CAPITAL MANAGEMENT CORP | 259,620259,620 | $113M | 0.15% | — |
| 82 | 82SEI INVESTMENTS CO | 256,458256,458 | $112M | 0.15% | ADD 11% |
| 83 | 83D. E. Shaw & Co., Inc. | 248,431248,431 | $108M | 0.14% | ADD 49% |
| 84 | 84CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 238,947238,947 | $104M | 0.14% | TRIM -3% |
| 85 | 85ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 238,234238,234 | $104M | 0.14% | ADD 124% |
| 86 | 86BRISTOL JOHN W & CO INC /NY/ | 230,261230,261 | $100M | 0.13% | — |
| 87 | 87HighTower Advisors, LLC | 227,463227,463 | $99M | 0.13% | TRIM -4% |
| 88 | 88NATIONAL BANK OF CANADA /FI/ | 222,894222,894 | $97M | 0.13% | TRIM -18% |
| 89 | 89JONES FINANCIAL COMPANIES LLLP | 222,694222,694 | $95M | 0.13% | ADD 1546% |
| 90 | 90Markel Group Inc.tracked | 213,890213,890 | $93M | 0.12% | — |
| 91 | 91CONGRESS ASSET MANAGEMENT CO | 213,331213,331 | $93M | 0.12% | TRIM -2% |
| 92 | 92NEW YORK STATE COMMON RETIREMENT FUND | 198,358198,358 | $87M | 0.11% | — |
| 93 | 93CHILTON INVESTMENT CO INC. | 196,399196,399 | $86M | 0.11% | TRIM -7% |
| 94 | 94ALLIANCEBERNSTEIN L.P. | 161,854161,854 | $83M | 0.09% | — |
| 95 | 95Prana Capital Management, LP | 186,187186,187 | $81M | 0.11% | NEW |
| 96 | 96CANADA PENSION PLAN INVESTMENT BOARD | 185,744185,744 | $81M | 0.11% | TRIM -31% |
| 97 | 97Universal- Beteiligungs- und Servicegesellschaft mbH | 181,695181,695 | $79M | 0.10% | TRIM -4% |
| 98 | 98YCG, LLC | 174,963174,963 | $76M | 0.10% | TRIM -3% |
| 99 | 99PFA Pension, Forsikringsaktieselskab | 174,416174,416 | $76M | 0.10% | ADD 3% |
| 100 | 100WELLS FARGO & COMPANY/MN | 168,933168,933 | $74M | 0.10% | ADD 104% |