As of December 30, 2011.

The holdings that did not change from the previous quarter were as follows:

American Express Co (AXP) was over 151.6 million shares

Bank of New York Mellon Corp (BK) was 1,793,915 shares

Comdisco Holdings (CDCO.PK) was roughly 1.5 million shares

Coca Cola Co. (KO) was right at 200 million shares

Costco Wholesale (COST) was 4,333,363 shares

ConocoPhillips (COP) is roughly 29.1 million shares

Gannett Co. (GCI) was 1.74 million shares

Dollar General Corporation (DG) was 4.497 million shares

General Electric Corp. (GE) was 7.777 million shares

GlaxoSmithKline (GSK) was 1.51 million shares

Ingersoll-Rand (IR) was 636,600; same as last quarter, but still way down from prior reports.

M&T Bank Corporation (MTB) was 5.38+ million shares

Mastercard Inc. (MA) was 405,000 shares

Moody’s Corp. (MCO) was 28.4 million shares; same as last quarter, but way down from prior quarters and years.

Procter & Gamble (PG) was 76.7 million shares

Sanofi-Aventis (SNY) was 4.06 million shares

Torchmark Corp. (TMK) was more than 4.2 million shares

US Bancorp (USB) was roughly 69 million shares

USG Corp. (USG) was 17.072 million shares

United Parcel Service (UPS) was 1.429 million shares

Wal-Mart Stores Inc. (WMT) was just over 39 million shares

Washington Post (WPO) was over 1.72 million shares

The holdings with larger positions were as follows:

CVS Caremark Corporation (CVS) was a LARGER POSITION at 7.106 million shares

DirecTV (DTV) was a LARGER POSITION at 20.348 million shares

General Dynamics Corporation (GD) was a LARGER POSITION at 3.877 million shares

Intel Corporation (INTC) was a LARGER POSITION at 11.495 million shares

Visa Inc. (V) was a LARGER POSITION at 2.865 million shares

Wells Fargo & Co. (WFC) was a LARGER POSITION AGAIN at more than 383 million shares

The new holdings were as follows:

Da Vita Inc. (DVA) was a NEW POSITION at 2.684 million shares

International Business Machines Corporation (IBM) was 63.905 million shares

Liberty Media Corporation (LMCA) was a NEW POSITION at 1.7 million shares

The holdings with lower positions were as follows:

Johnson & Johnson (JNJ) was a LOWER POSITION at about 29 million shares; way under the peak of 62 million shares at one point in prior quarters

Kraft Foods (KFT) was a LOWER POSITION at about 87 million shares

Verisk Analytics, Inc. (VRSK) was a LOWER POSITION at 3.445 million shares

The holdings that were eliminated from the portfolio were:

Exxon Mobil Corp. (XOM) was ELIMINATED FROM THE PORTFOLIO