The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it 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 |
| 3M CO | COM | 88579Y101 | 290,146 | 1,659,969 | SH | SOLE | 1,541,694 | 0 | 118,275 | ||
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | 4,105 | 15,717 | SH | SOLE | 15,717 | 0 | 0 | ||
| AGNICO EAGLE MINES LTD | COM | 008474108 | 481,298 | 6,838,305 | SH | SOLE | 6,559,758 | 0 | 278,547 | ||
| ALAMOS GOLD INC NEW | COM CL A | 011532108 | 79,593 | 9,110,996 | SH | SOLE | 9,110,996 | 0 | 0 | ||
| ALLEGHANY CORP DEL | COM | 017175100 | 378,433 | 626,867 | SH | SOLE | 581,751 | 0 | 45,116 | ||
| ALPHABET INC | CAP STK CL C | 02079K107 | 502,868 | 287,045 | SH | SOLE | 259,103 | 0 | 27,942 | ||
| ALPHABET INC | CAP STK CL A | 02079K305 | 348,069 | 198,597 | SH | SOLE | 191,452 | 0 | 7,145 | ||
| AMBEV SA | SPONSORED ADR | 02319V103 | 669,758 | 218,875,028 | SH | SOLE | 206,449,673 | 0 | 12,425,355 | ||
| AMERICAN EXPRESS CO | COM | 025816109 | 621,450 | 5,139,776 | SH | SOLE | 4,734,006 | 0 | 405,770 | ||
| ANALOG DEVICES INC | COM | 032654105 | 589,860 | 3,992,822 | SH | SOLE | 3,730,804 | 0 | 262,018 | ||
| ANGLOGOLD ASHANTI LIMITED | SPONSORED ADR | 035128206 | 29,095 | 1,286,240 | SH | SOLE | 1,286,240 | 0 | 0 | ||
| ANTHEM INC | COM | 036752103 | 652,569 | 2,032,355 | SH | SOLE | 1,885,173 | 0 | 147,182 | ||
| B2GOLD CORP | COM | 11777Q209 | 98,654 | 17,612,461 | SH | SOLE | 17,612,461 | 0 | 0 | ||
| BANK NEW YORK MELLON CORP | COM | 064058100 | 774,998 | 18,261,038 | SH | SOLE | 16,903,818 | 0 | 1,357,220 | ||
| BARRICK GOLD CORP | COM | 067901108 | 610,805 | 26,813,211 | SH | SOLE | 25,626,919 | 0 | 1,186,292 | ||
| BECTON DICKINSON & CO | COM | 075887109 | 63,220 | 252,658 | SH | SOLE | 237,297 | 0 | 15,361 | ||
| BERKLEY W R CORP | COM | 084423102 | 378,887 | 5,704,411 | SH | SOLE | 5,302,307 | 0 | 402,104 | ||
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | 383,292 | 1,102 | SH | SOLE | 1,023 | 0 | 79 | ||
| BOOKING HOLDINGS INC | COM | 09857L108 | 524,257 | 235,381 | SH | SOLE | 217,171 | 0 | 18,210 | ||
| BOSTON PROPERTIES INC | COM | 101121101 | 236,377 | 2,500,553 | SH | SOLE | 2,317,953 | 0 | 182,600 | ||
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 | 31 | 835 | SH | SOLE | 835 | 0 | 0 | ||
| BROWN & BROWN INC | COM | 115236101 | 396,098 | 8,354,734 | SH | SOLE | 7,753,150 | 0 | 601,584 | ||
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 | 991,140 | 10,558,642 | SH | SOLE | 9,732,757 | 0 | 825,885 | ||
| COLGATE PALMOLIVE CO | COM | 194162103 | 1,023,146 | 11,965,225 | SH | SOLE | 11,141,100 | 0 | 824,125 | ||
| COMCAST CORP NEW | CL A | 20030N101 | 1,592,035 | 30,382,352 | SH | SOLE | 27,993,171 | 0 | 2,389,181 | ||
| COMPANIA CERVECERIAS UNIDAS | SPONSORED ADR | 204429104 | 213,637 | 14,533,116 | SH | SOLE | 14,338,186 | 0 | 194,930 | ||
| CRH PLC | ADR | 12626K203 | 6 | 148 | SH | SOLE | 148 | 0 | 0 | ||
| CUMMINS INC | COM | 231021106 | 476,257 | 2,097,125 | SH | SOLE | 1,929,467 | 0 | 167,658 | ||
| CUMULUS MEDIA INC | COM CL A | 231082801 | 124 | 14,221 | SH | SOLE | 14,221 | 0 | 0 | ||
| DEERE & CO | COM | 244199105 | 691,900 | 2,571,641 | SH | SOLE | 2,367,325 | 0 | 204,316 | ||
| DENTSPLY SIRONA INC | COM | 24906P109 | 379,035 | 7,239,020 | SH | SOLE | 6,706,879 | 0 | 532,141 | ||
| DIAGEO PLC | SPON ADR NEW | 25243Q205 | 6 | 38 | SH | SOLE | 38 | 0 | 0 | ||
| DOUGLAS EMMETT INC | COM | 25960P109 | 159,489 | 5,465,697 | SH | SOLE | 5,065,015 | 0 | 400,682 | ||
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 55,971 | 2,857,106 | SH | SOLE | 2,857,106 | 0 | 0 | ||
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 | 358,359 | 6,045,194 | SH | SOLE | 5,607,532 | 0 | 437,662 | ||
| EXPEDITORS INTL WASH INC | COM | 302130109 | 237,146 | 2,493,391 | SH | SOLE | 2,300,956 | 0 | 192,435 | ||
| EXXON MOBIL CORP | COM | 30231G102 | 1,104,063 | 26,784,640 | SH | SOLE | 25,413,543 | 0 | 1,371,097 | ||
| FACEBOOK INC | CL A | 30303M102 | 890,827 | 3,261,191 | SH | SOLE | 3,037,321 | 0 | 223,870 | ||
| FLOWSERVE CORP | COM | 34354P105 | 410,509 | 11,140,003 | SH | SOLE | 10,307,155 | 0 | 832,848 | ||
| FOMENTO ECONOMICO MEXICANO S | SPON ADR UNITS | 344419106 | 454,652 | 6,000,426 | SH | SOLE | 5,652,304 | 0 | 348,122 | ||
| FRANCO NEV CORP | COM | 351858105 | 238,640 | 1,903,285 | SH | SOLE | 1,828,144 | 0 | 75,141 | ||
| FTS INTERNATIONAL INC | COM NEW CL A | 30283W302 | 424 | 22,101 | SH | SOLE | 22,101 | 0 | 0 | ||
| GENERAL DYNAMICS CORP | COM | 369550108 | 46,112 | 309,854 | SH | SOLE | 283,707 | 0 | 26,147 | ||
| GLAXOSMITHKLINE PLC | SPONSORED ADR | 37733W105 | 12 | 324 | SH | SOLE | 324 | 0 | 0 | ||
| HCA HEALTHCARE INC | COM | 40412C101 | 389,402 | 2,367,761 | SH | SOLE | 2,210,529 | 0 | 157,232 | ||
| HOME DEPOT INC | COM | 437076102 | 11,546 | 43,467 | SH | SOLE | 43,467 | 0 | 0 | ||
| IMPERIAL OIL LTD | COM NEW | 453038408 | 499,471 | 26,315,230 | SH | SOLE | 24,818,507 | 0 | 1,496,723 | ||
| IPG PHOTONICS CORP | COM | 44980X109 | 359,543 | 1,606,609 | SH | SOLE | 1,488,178 | 0 | 118,431 | ||
| J JILL INC | COM | 46620W201 | 425 | 113,967 | SH | SOLE | 113,967 | 0 | 0 | ||
| KINROSS GOLD CORP | COM | 496902404 | 16,702 | 2,275,478 | SH | SOLE | 2,275,478 | 0 | 0 | ||
| KIRKLAND LAKE GOLD LTD | COM | 49741E100 | 104,245 | 2,522,700 | SH | SOLE | 2,522,700 | 0 | 0 | ||
| KRAFT HEINZ CO | COM | 500754106 | 252,034 | 7,271,606 | SH | SOLE | 6,813,026 | 0 | 458,580 | ||
| LINDE PLC | SHS | G5494J103 | 839,621 | 3,210,139 | SH | SOLE | 3,006,668 | 0 | 203,471 | ||
| LLOYDS BANKING GROUP PLC | SPONSORED ADR | 539439109 | 10 | 5,102 | SH | SOLE | 5,102 | 0 | 0 | ||
| MAG SILVER CORP | COM | 55903Q104 | 67,171 | 3,280,988 | SH | SOLE | 3,280,988 | 0 | 0 | ||
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 | 27,421 | 646,119 | SH | SOLE | 646,119 | 0 | 0 | ||
| MEDTRONIC PLC | SHS | G5960L103 | 26,591 | 226,999 | SH | SOLE | 226,999 | 0 | 0 | ||
| MICROSOFT CORP | COM | 594918104 | 663,461 | 2,982,918 | SH | SOLE | 2,762,955 | 0 | 219,963 | ||
| NATIONAL OILWELL VARCO INC | COM | 637071101 | 460,837 | 33,564,211 | SH | SOLE | 30,860,573 | 0 | 2,703,638 | ||
| NEWMONT CORP | COM | 651639106 | 1,099,960 | 18,366,344 | SH | SOLE | 17,582,448 | 0 | 783,896 | ||
| NOVAGOLD RES INC | COM NEW | 66987E206 | 96,369 | 9,965,761 | SH | SOLE | 9,965,761 | 0 | 0 | ||
| NUTRIEN LTD | COM | 67077M108 | 1,053,504 | 21,875,093 | SH | SOLE | 20,566,621 | 0 | 1,308,472 | ||
| ORACLE CORP | COM | 68389X105 | 1,826,629 | 28,236,658 | SH | SOLE | 26,087,251 | 0 | 2,149,407 | ||
| ORLA MNG LTD NEW | COM | 68634K106 | 21,532 | 3,995,382 | SH | SOLE | 3,995,382 | 0 | 0 | ||
| PEPSICO INC | COM | 713448108 | 25,841 | 174,249 | SH | SOLE | 174,249 | 0 | 0 | ||
| PHILIP MORRIS INTL INC | COM | 718172109 | 863,375 | 10,428,496 | SH | SOLE | 9,640,736 | 0 | 787,760 | ||
| PPG INDS INC | COM | 693506107 | 166,698 | 1,155,857 | SH | SOLE | 1,072,121 | 0 | 83,736 | ||
| ROSS STORES INC | COM | 778296103 | 31,460 | 256,167 | SH | SOLE | 256,167 | 0 | 0 | ||
| ROYAL GOLD INC | COM | 780287108 | 282,392 | 2,655,061 | SH | SOLE | 2,571,212 | 0 | 83,849 | ||
| S&P GLOBAL INC | COM | 78409V104 | 3,270 | 9,946 | SH | SOLE | 9,946 | 0 | 0 | ||
| SALESFORCE COM INC | COM | 79466L302 | 378,356 | 1,700,247 | SH | SOLE | 1,572,794 | 0 | 127,453 | ||
| SAN JUAN BASIN RTY TR | UNIT BEN INT | 798241105 | 10,944 | 4,098,935 | SH | SOLE | 3,991,037 | 0 | 107,898 | ||
| SANOFI | SPONSORED ADR | 80105N105 | 18 | 368 | SH | SOLE | 368 | 0 | 0 | ||
| SCHLUMBERGER LTD | COM | 806857108 | 619,843 | 28,394,078 | SH | SOLE | 26,104,719 | 0 | 2,289,359 | ||
| SCHWAB CHARLES CORP | COM | 808513105 | 301,156 | 5,677,898 | SH | SOLE | 5,275,138 | 0 | 402,760 | ||
| SCOTTS MIRACLE GRO CO | CL A | 810186106 | 157,730 | 792,055 | SH | SOLE | 733,848 | 0 | 58,207 | ||
| SHERWIN WILLIAMS CO | COM | 824348106 | 11,652 | 15,855 | SH | SOLE | 15,855 | 0 | 0 | ||
| SPDR GOLD TR | GOLD SHS | 78463V107 | 692,929 | 3,885,000 | SH | SOLE | 1,542,447 | 0 | 2,342,553 | ||
| STARBUCKS CORP | COM | 855244109 | 11,972 | 111,909 | SH | SOLE | 111,909 | 0 | 0 | ||
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | 1,073,312 | 9,843,287 | SH | SOLE | 9,274,875 | 0 | 568,412 | ||
| TE CONNECTIVITY LTD | REG SHS | H84989104 | 17,041 | 140,752 | SH | SOLE | 140,752 | 0 | 0 | ||
| TERADATA CORP DEL | COM | 88076W103 | 306,295 | 13,631,268 | SH | SOLE | 12,670,425 | 0 | 960,843 | ||
| TEXAS INSTRS INC | COM | 882508104 | 656,666 | 4,000,887 | SH | SOLE | 3,754,172 | 0 | 246,715 | ||
| TRAVELERS COMPANIES INC | COM | 89417E109 | 530,386 | 3,778,486 | SH | SOLE | 3,500,632 | 0 | 277,854 | ||
| TRUIST FINL CORP | COM | 89832Q109 | 351,889 | 7,341,728 | SH | SOLE | 6,775,051 | 0 | 566,677 | ||
| UGI CORP NEW | COM | 902681105 | 254,852 | 7,289,826 | SH | SOLE | 6,799,296 | 0 | 490,530 | ||
| UNILEVER PLC | SPON ADR NEW | 904767704 | 20 | 335 | SH | SOLE | 335 | 0 | 0 | ||
| UNION PAC CORP | COM | 907818108 | 418,435 | 2,009,581 | SH | SOLE | 1,850,109 | 0 | 159,472 | ||
| UNITEDHEALTH GROUP INC | COM | 91324P102 | 37,610 | 107,250 | SH | SOLE | 107,250 | 0 | 0 | ||
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 | 414,956 | 3,017,862 | SH | SOLE | 2,795,930 | 0 | 221,932 | ||
| US BANCORP DEL | COM NEW | 902973304 | 464,930 | 9,979,175 | SH | SOLE | 9,262,464 | 0 | 716,711 | ||
| VISA INC | COM CL A | 92826C839 | 16,384 | 74,904 | SH | SOLE | 74,904 | 0 | 0 | ||
| WELLS FARGO CO NEW | COM | 949746101 | 325,373 | 10,781,068 | SH | SOLE | 10,016,935 | 0 | 764,133 | ||
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 | 731,212 | 21,807,696 | SH | SOLE | 20,115,547 | 0 | 1,692,149 | ||
| WHEATON PRECIOUS METALS CORP | COM | 962879102 | 676,198 | 16,200,231 | SH | SOLE | 15,444,969 | 0 | 755,262 | ||
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 | 413,366 | 1,962,058 | SH | SOLE | 1,844,270 | 0 | 117,788 | ||