#	Holding	Value	% Port.	Δ Shares	Change (QoQ)
1	Wells Fargo & Co	$112488930	46.74%	—	Held
2	Bank Of America Corp	$97500000	40.51%	—	Held
3	Alibaba Group Holding Ltd	$24464700	10.17%	—	Held
4	Us Bancorp	$6215195	2.58%	—	Held

Holdings disclosed quarterly to the SEC on Form 13-F and may be up to 45 days old. Values as reported. For research only — not investment advice.