Q4 2025 Holdings
Filed 2026-02-17 | 17 holdings | $5.7B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Autozone Inc(AZO) | COM | 053332102 | $593.2M | 174,918 | 10.4% |
| Progressive Corp(PGR) | COM | 743315103 | $575.2M | 2,525,734 | 10.1% |
| Unitedhealth Group Inc(UNH) | COM | 91324P102 | $547.5M | 1,658,487 | 9.6% |
| Ross Stores Inc(ROST) | COM | 778296103 | $489.0M | 2,714,339 | 8.6% |
| Cummins Inc(CMI) | COM | 231021106 | $389.8M | 763,648 | 6.8% |
| Visa Inc(V) | COM CL A | 92826C839 | $360.9M | 1,029,034 | 6.3% |
| Mastercard Incorporated(MA) | CL A | 57636Q104 | $357.8M | 626,682 | 6.3% |
| Oreilly Automotive Inc(ORLY) | COM | 67103H107 | $356.3M | 3,906,644 | 6.2% |
| Dominos Pizza Inc(DPZ) | COM | 25754A201 | $327.2M | 784,992 | 5.7% |
| Expeditors Intl Wash Inc(EXPD) | COM | 302130109 | $305.8M | 2,052,531 | 5.4% |
| Moodys Corp(MCO) | COM | 615369105 | $287.9M | 563,557 | 5.0% |
| Arch Cap Group LTD(ACGL) | ORD | G0450A105 | $276.9M | 2,887,002 | 4.9% |
| NVR Inc(NVR) | COM | 62944T105 | $195.9M | 26,855 | 3.4% |
| Disney Walt Co(DIS) | COM | 254687106 | $192.9M | 1,695,189 | 3.4% |
| TJX COS Inc New(TJX) | COM | 872540109 | $179.5M | 1,168,859 | 3.1% |
| Fastenal Co(FAST) | COM | 311900104 | $150.5M | 3,749,595 | 2.6% |
| Strategic ED Inc(STRA) | COM | 86272C103 | $118.6M | 1,478,522 | 2.1% |