Q4 2025 Holdings
Filed 2026-02-13 | 57 holdings | $7.8B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| S&P Global Inc(SPGI) | COM | 78409V104 | $283.6M | 542,640 | 3.6% |
| Mastercard Incorporated(MA) | CL A | 57636Q104 | $273.6M | 479,330 | 3.5% |
| API Group Corp(APG) | COM STK | 00187Y100 | $268.6M | 7,020,134 | 3.4% |
| Gallagher Arthur J & Co(AJG) | COM | 363576109 | $265.4M | 1,025,521 | 3.4% |
| Accenture PLC Ireland(ACN) | SHS CLASS A | G1151C101 | $259.1M | 965,598 | 3.3% |
| CRH PLC(CRH) | ORD | G25508105 | $251.3M | 2,013,711 | 3.2% |
| Intuit(INTU) | COM | 461202103 | $246.5M | 372,185 | 3.1% |
| Texas Instrs Inc(TXN) | COM | 882508104 | $229.2M | 1,321,131 | 2.9% |
| Royal Gold Inc(RGLD) | COM | 780287108 | $217.4M | 978,030 | 2.8% |
| ITT Inc(ITT) | COM | 45073V108 | $213.6M | 1,230,902 | 2.7% |
| Woodward Inc(WWD) | COM | 980745103 | $207.5M | 686,200 | 2.6% |
| Live Nation Entertainment in(LYV) | COM | 538034109 | $203.9M | 1,431,100 | 2.6% |
| Liberty Media Corp del(FWONK) | COM LBTY ONE S C | 531229755 | $197.2M | 2,001,613 | 2.5% |
| XPO Inc(XPO) | COM | 983793100 | $192.3M | 1,415,100 | 2.5% |
| Canadian Pacific Kansas City(CP) | COM | 13646K108 | $189.9M | 2,578,696 | 2.4% |
| West Pharmaceutical Svsc Inc(WST) | COM | 955306105 | $183.5M | 666,926 | 2.3% |
| Berkshire Hathaway Inc del(BRK/B) | CL B NEW | 084670702 | $180.1M | 358,396 | 2.3% |
| Waters Corp(WAT) | COM | 941848103 | $174.1M | 458,469 | 2.2% |
| Schwab Charles Corp(SCHW) | COM | 808513105 | $174.0M | 1,741,469 | 2.2% |
| Marsh & Mclennan COS Inc(MRSH) | COM | 571748102 | $164.5M | 886,467 | 2.1% |
| Microsoft Corp(MSFT) | COM | 594918104 | $161.0M | 332,830 | 2.1% |
| Intercontinental Exchange in(ICE) | COM | 45866F104 | $158.0M | 975,669 | 2.0% |
| Steris PLC(STE) | SHS USD | G8473T100 | $157.6M | 621,552 | 2.0% |
| EOG RES Inc(EOG) | COM | 26875P101 | $144.3M | 1,374,509 | 1.8% |
| Conocophillips(COP) | COM | 20825C104 | $135.3M | 1,445,871 | 1.7% |
| United Rentals Inc(URI) | COM | 911363109 | $129.9M | 160,496 | 1.7% |
| Teledyne Technologies Inc(TDY) | COM | 879360105 | $129.2M | 252,979 | 1.6% |
| Sherwin Williams Co(SHW) | COM | 824348106 | $127.5M | 393,572 | 1.6% |
| Cooper COS Inc(COO) | COM | 216648501 | $121.5M | 1,482,300 | 1.6% |
| Canadian Natl RY Co(CNI) | COM | 136375102 | $120.3M | 1,216,968 | 1.5% |
| Ferguson Enterprises Inc(FERG) | COMMON STOCK NEW | 31488V107 | $119.9M | 538,710 | 1.5% |
| Hilton Worldwide Hldgs Inc(HLT) | COM | 43300A203 | $118.8M | 413,494 | 1.5% |
| Keysight Technologies Inc(KEYS) | COM | 49338L103 | $114.9M | 565,252 | 1.5% |
| Martin Marietta Matls Inc(MLM) | COM | 573284106 | $112.6M | 180,782 | 1.4% |
| Agilent Technologies Inc(A) | COM | 00846U101 | $109.5M | 804,763 | 1.4% |
| Danaher Corporation(DHR) | COM | 235851102 | $105.6M | 461,500 | 1.3% |
| Waste Connections Inc(WCN) | COM | 94106B101 | $105.3M | 600,458 | 1.3% |
| Medpace Hldgs Inc(MEDP) | COM | 58506Q109 | $98.0M | 174,400 | 1.2% |
| Marketaxess Hldgs Inc(MKTX) | COM | 57060D108 | $97.2M | 536,400 | 1.2% |
| Equifax Inc(EFX) | COM | 294429105 | $95.6M | 440,620 | 1.2% |
| Ecolab Inc(ECL) | COM | 278865100 | $94.5M | 359,904 | 1.2% |
| Msci Inc(MSCI) | COM | 55354G100 | $93.6M | 163,100 | 1.2% |
| Cbre Group Inc(CBRE) | CL A | 12504L109 | $83.3M | 517,916 | 1.1% |
| Aecom(ACM) | COM | 00766T100 | $79.9M | 838,027 | 1.0% |
| Autodesk Inc(ADSK) | COM | 052769106 | $79.0M | 266,999 | 1.0% |
| Analog Devices Inc(ADI) | COM | 032654105 | $72.3M | 266,618 | 0.9% |
| Idex Corp(IEX) | COM | 45167R104 | $65.9M | 370,399 | 0.8% |
| Thermo Fisher Scientific Inc(TMO) | COM | 883556102 | $64.2M | 110,740 | 0.8% |
| Spotify Technology S A(SPOT) | SHS | L8681T102 | $58.7M | 101,080 | 0.7% |
| Etsy Inc(ETSY) | COM | 29786A106 | $54.0M | 974,300 | 0.7% |