Procter & Gamble Co. (NYSE: PG) has remained officially the same at almost 52.8 million shares in the formal 13F report. We expected it to be part of the Duracell swap, and the stake had also previously been lowered in 2012 after a peak of 96.3 million shares.

Restaurant Brands International Inc. (NYSE: QSR) was the same stake at 8.438 million shares, but it was a new stake in late 2014. The reality is that this is much larger:

On December 12, 2014, we acquired Class A 9% Cumulative Compounding Perpetual Preferred Shares of RBI having a stated value of $3 billion and common stock of RBI for an aggregate cost of $3 billion. RBI, domiciled in Canada, is the ultimate parent company of Burger King and Tim Hortons. As of the acquisition date, our combined investment in RBI possessed approximately 14.4% of the voting interests of RBI. The RBI Preferred is entitled to dividends on a cumulative basis of 9% per annum plus an additional amount that is intended to produce an after-tax yield to Berkshire as if the dividends were paid by a U.S.-based company.

Sanofi (NYSE: SNY) was the same position at 3.905 million shares.

Suncor Energy Inc. (NYSE: SU) was kept static at 30 million shares, but this used to be a smaller stake (22.35 million shares last June). Suncor’s stake had been increased in late 2014, and it had grown each quarter from the 13 million shares in March of 2014.

Torchmark Corp. (NYSE: TMK) the same stake at 6.35 million shares.

Twenty-First Century Fox Inc. (NASDAQ: FOXA) was the same stake of 8.951 million shares at the end of 2015. Its stake had previously been raised from 6.228 million shares and was 4.747 million shares at the end of 2014.

U.S. Bancorp (NYSE: USB) was the same position of 85.06 million shares at the end of September, but that had been raised slightly in June from the 83.77 million shares at the end of March. That has grown from 80.09 million shares at the end of 2014.

USG Corp. (NYSE: USG) was the same stake at just over 39 million shares, but this had been raised prior to the end of 2014.

United Parcel Service Inc. (NYSE: UPS) was the same tiny position at 59,400 shares. The UPS stake is way down from 2012.

VeriSign Inc. (NASDAQ: VRSN) was the same stake at 12.985 million shares, but this one had previously grown in 2014.

Verisk Analytics Inc. (NASDAQ: VRSK) was the same position at 1,563,434 shares, but that is lower than in prior quarters.

Verizon Communications Inc. (NYSE: VZ) was the same stake at 15 million shares at the end of December, but that had been raised a year earlier.

Visa Inc. (NYSE: V) was the same stake of 9.885 million shares, but the stake had risen throughout 2014.

WABCO Holdings Inc. (NYSE: WBC) is SLIGHTLY LOWER again at 3.331 million shares, down from 3.559 million shares at the end of September and from 3.78 million shares previously. At one point the stake was over 4 million shares.

Wal-Mart Stores Inc. (NYSE: WMT) was the same sized stake of 56.185 million shares at the end of 2015 as it was in September, but this had previously been lowered from 60.385 million shares at the end of June and had been raised prior to 2015.