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P 2021-01-01 2021-12-31 319541 319541 319541 CAPITAL GAINS FROM SCH K-1'S P 2021-01-01 2021-12-31 3105036 3105036 3105036 CAPITAL GAINS FROM FOREIGN CORPORATIONS P 2021-01-01 2021-12-31 193640 193640 193640 CAPITAL LOSS FROM FOREIGN CORPORATION TERMINATION P 2021-01-01 2021-12-31 -1508697 -1508697 10973864 216121 0 216121 0 216121 157586 0 25000 0 182586 X 0 33535 0 0 0 0 0 0 0 0 1 1 0 1 1 MN 1 0 0 0 1 1 N/A SONNY MILLER 6124926813 50 SOUTH SIXTH STREET STE 1500 MINNEAPOLIS MN 55402 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 JOHN OTTERLEI 101 FIFTH STREET EAST SUITE 2400 ST PAUL MN 55101 PRESIDENT/TREASURER 1.00 10000 0 0 SONNY MILLER 50 SOUTH SIXTH STREET STE 1500 MINNEAPOLIS MN 55402 VICE PRESIDENT/SECRETARY 1.00 10000 0 0 NONE 0 CAMBRIDGE ASSOCIATES 125 HIGH STREET OLIVER TOWER BOSTON MA 02110 INVESTMENT ADVISORY SERVICES 424879 ARABELLA ADVISORS LLC 1828 L ST NW SUITE 300 WASHINGTON DC 20036 PHILANTHROPIC ADVISORY SERVICES 185714 US BANK 1555 N RIVERCENTER DR SUITE 300 MILWAUKEE WI 53212 FINANCIAL SERVICES 153384 0 0 81705182 3280470 57899386 142885038 0 0 142885038 2143276 140741762 7037088 7037088 216121 216121 6820967 0 6820967 0 6820967 5808835 0 5808835 6820967 5575926 0 0 5808835 5575926 0 0 232909 0 0 0 0 0 0 0 0 6588058 0 0 0 X FIDELITY CHARITABLE GIFT FUND PO BOX 770001 CINCINNATI OH 452770053 N/A PC GENERAL OPERATIONS 5600000 5600000 0 14 1612146 16 5355 18 9301943 0 10919444 0 10919444 0 0 0 0 0 0 0 0 0 0 ACCOUNTING FEES 55126 38141 7560 SQUARE INC A 116440 354191 WAYFAIR INC 131727 259879 WORKDAY INC 205947 419604 AMN 30732 61165 AMERISAFE INC 46877 41718 ARES CAPITAL CORP 40278 64312 ELEMENT SOLUTIONS INC 56623 132326 ENERSYS 90313 122938 EVOQUA WATER TECHNOLOGIES CO 60655 178351 FIRSTCASH HLDGS INC 93882 103612 FRONTDOOR INC. 78619 82829 GARRETT MOTION INC. 60277 59663 HOWARD HUGHES CORP 48134 95164 KEMPER CORP 76891 70548 K FORCE INC. 123610 151944 MSC INDL 61009 87002 MARRIOTT VACATIONS WORLD 45476 100543 NV5 GLOBAL INC 30629 94612 RUSH ENTERPRISES INC 49508 112226 TEGNA INC 83012 135674 THERMON GROUP HOLDINGS INC 53868 60186 TREEHOUSE FOODS INC. 93124 85721 UNIFIRST CORP MASS 48284 63120 UPLAND SOFTWARE INC 131568 77591 VERTIV HOLDINGS LLC L P 83941 194891 VIASAT INC 91815 102219 WESCO 64379 232914 ZEBRA TECHNOLOGIES CORP CI A 105442 267840 ALIBABA GROUP HLDG LTD SPONSORED ADR 177816 87073 ALPHABET INC CAP STK CL C 203315 468762 ASHTEAD GROUP PLC SHS 48418 75236 BERKSHIRE HATHAWAY INC DEL CL A 283873 450662 BERKSHIRE HATHWAY INC DEL CL B NEW 183362 286442 BROWN FORMAN CORP CL A 73433 100668 BROWN FORMAN CORP CL B 3748 5756 CABLE ONE INC COM 68302 59957 CIE FINANCIERE RICHEMONT AG ZUG NAMEN AKT 215601 393412 COMCAST CORP CL A 85863 118276 HEINEKIN HLDG NV SHS 318320 309400 JP MORGAN CHASE & CO COM 104213 183528 MARTIN MARIETTA MATLS INC COM 105844 192948 MASTERCARD INC. CL A COM 238661 434777 NESTLE SA SPONSORED ADR REPSTG REG SHS 283653 510806 PERNOD RICARD ORD SHS 221147 327797 PHILIP MORRIS INTL INC COM 247440 294785 UNILEVER NV NEW YORK SHS NEW 209295 205316 AT T INC 112787 112549 ABBOTT LABORATORIES 110513 110503 ABBVIE INC 112624 112265 ALEXANDRIA 54242 54053 AMERICAN EXPRESS CO 108357 108482 AMERICAN HONDA MTN 109490 109569 AMERICAN TOWER CORP 57603 57581 AMGEN INC 112120 112597 ANHEUSER BUSCH INBEV 110541 110574 ANTHEM INC 109745 109895 AON CORP SR 108855 108211 BANK OF AMERICA MTN 167715 167489 BOSTON PROPERTIES LP 57395 57230 CVS HEALTH CORP 112365 111951 CARRIER GLOBAL 56324 56319 CITIGROUP INC. 166099 166427 EQUINIX INC 52371 52555 GOLDMAN SACHS GROUP 108898 108775 JPMORGAN CHASE CO 163689 163928 LOWE S COS INC 121103 120591 MICROSOFT CORP 218674 218680 MORGAN STANLEY MTN 108765 108915 NORTHROP GRUMMAN 112287 112373 PNC FINANCIAL 109941 109944 SIMON PPTY 107617 107429 STARBUCKS CORP 54284 54076 UNITED HEALTH GROUP 168075 167178 VERIZON 108756 108843 BANK OF MONTREAL MTN 162791 162751 ENBRIDGE INC MTN 54006 53979 MITSUBISHI 164994 164733 ROYAL BANK OF MTN 169678 169368 SCHLUMBERGER INV 109647 109670 SUMITOMO 163127 162897 TORONTO DOMINION MTN 165293 164739 COGNYTE 105851 64247 ONESPAWORLD 56999 101553 ALIGN TECHNOLOGY INC 44801 168238 ALTERYX INC 254858 127716 COSTAR GROUP INC 66446 128029 INTERACTIVE BROKERS GROUP CI A 151624 193944 PEGASYSTEMS INC 240663 353351 REDFIN CORP 331025 211721 2853844 2851024 0 0 GQG PARTNERS AT COST 2061952 3027630 ARTISAN INTL AT COST 2357745 3606382 DFA EMERGING MARKETS VALUE AT COST 5114593 5728804 GMO CLIMATE CHANGE II AT COST 2500000 2500000 ISHARE CORE MSCI EMERGING MKTS ETF AT COST 4138132 4651661 LONGLEAF PARTNERS FUND AT COST 1404716 1645913 SPDR S P GLOBAL NATURAL ETF AT COST 2195723 3056025 TWEEDY BROWNE AT COST 4042950 4511036 VANGUARD FTSE DEVELOPED ETF AT COST 2270989 2709652 VANGUARD TOTAL WORLD STOCK INDEX ETF AT COST 1887419 1992504 VANGUARD S P AT COST 12858125 15430567 VANGUARD REAL AT COST 2548555 3467887 ISHARES CORE U.S. AGGREGATE BOND ETF AT COST 6415703 6402512 VANGUARD TOTAL BOND MARKET INDEX I AT COST 11030 11030 FPA CRESENT PORTFOLIO CL I AT COST 1101758 1195200 COMPAGNIE FINANCIERE RICHEMONT SA AT COST 0 5745 NOKOTA LC, LLC AT COST 90455 110081 GOLDENTREE SELECT OFFSHORE FUND LTD AT COST 1272945 1869886 ARROWSTREET GLOBAL EQ AT COST 2117280 3233969 HUDSON BAY INTERNATIONAL FUND LTD AT COST 2000000 2269894 SUNRISE CAPITAL IV, L.P. AT COST 232820 274967 GLOBAL RESEARCH EQ. AT COST 2800000 3349030 DORSAL CAPITAL PARTNERS, LTD. AT COST 1200000 1248203 CEVIANCAPITAL II LTD AT COST 2750000 3713464 TELEGRAPH HILL PARTNERS III AT COST 488948 724034 TELEGRAPH HILL PARTNERS IV LP AT COST 605500 1563623 NITORUM OFFSHORE FUND, LT. AT COST 1200000 1194209 GREEN COURT CHINA OPPORTUNITY FUND AT COST 1400000 1459220 AETOS CAPITAL OPP. FUND CAYMAN LP AT COST 2000000 2774364 SUSTAINABLE ASSET FUND II (CAYMAN) AT COST 427261 583294 PALANTINE REAL ESTATE FUND III, LP AT COST 519138 640345 RRG GLOBAL PARTNERS FUND L.P. AT COST 640099 825517 HULL STREET ENERGY PARTNERS AT COST 570048 676689 NOKOTA CAPITAL HOLDBACK AT COST 90437 90437 W CAPITAL PARTNERS V-A, L.P. AT COST 91945 91945 W CAPITAL PARTNERS IV-A, L.P. AT COST 205317 670421 V3 REALTY PARTNERS AT COST 1600000 2301877 OBVIOUS VENTURES III, L.P. AT COST 396000 582690 INCLUSIVE CAP PARTNERS SPRING INTL (PREV NAMED VALUEACT) AT COST 1030408 1836800 OWNERSHIP CAP. GLOBAL EQ (USD) FUND AT COST 1800000 3142255 INDABA CAPITAL PARTNERS AT COST 700000 1419795 MAKAIRA INVESTORS AT COST 1300000 3302476 VALINOR CAPITAL PARTNERS OFFSHORE AT COST 84790 89948 CANYON BALANCED FUND (CAYMAN) AT COST 789287 928351 RENAISSANCE INSTITUTIONAL EQUITIES AT COST 1300000 1450318 HARVEST MLP INCOME FUND III AT COST 2197000 2698171 VARDE CREDIT PARTNERS OFFSHORE AT COST 1063856 1243432 TYBOURNE EQUITY (OFFSHORE) FUND AT COST 1400000 1387738 HBK MULTI-STRATEGY OFFSHORE FUND LTD AT COST 1693847 2078665 KINGSTOWN PARTNERS OFFSHORE LIMITED AT COST 306155 306155 WHALE ROCK FLAGSHIP FUND LTD. AT COST 924092 1381055 DAVIDSON KEMPNER INSTIT. PARTNERS AT COST 1600000 2119667 GRAHAM GLOBAL INVESTMENT FUND AT COST 993733 1194772 MAVERICK LONG LTD. 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