Q2 2025 Holdings
Filed 2025-08-14 | 219 holdings | $4.5B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Microsoft Corp(MSFT) | COMMON STOCK | 594918104 | $457.4M | 919,590 | 10.2% |
| Costco Wholesale Corp(COST) | COMMON STOCK | 22160K105 | $377.7M | 381,529 | 8.4% |
| Sherwin Williams Co(SHW) | COMMON STOCK | 824348106 | $336.4M | 979,793 | 7.5% |
| Republic Services Inc(RSG) | COMMON STOCK | 760759100 | $320.4M | 1,299,135 | 7.1% |
| Home Depot Inc(HD) | COMMON STOCK | 437076102 | $238.8M | 651,378 | 5.3% |
| Mastercard inc(MA) | COMMON STOCK | 57636Q104 | $225.5M | 401,254 | 5.0% |
| Arthur J Gallagher & Co(AJG) | COMMON STOCK | 363576109 | $221.7M | 692,603 | 4.9% |
| Brown & Brown Inc(BRO) | COMMON STOCK | 115236101 | $166.4M | 1,500,600 | 3.7% |
| Cintas Corp(CTAS) | COMMON STOCK | 172908105 | $155.8M | 699,092 | 3.5% |
| Progressive Corp(PGR) | COMMON STOCK | 743315103 | $149.5M | 560,331 | 3.3% |
| Amphenol Corp(APH) | COMMON STOCK | 032095101 | $143.3M | 1,451,424 | 3.2% |
| Netflix Inc(NFLX) | COMMON STOCK | 64110L106 | $138.7M | 103,558 | 3.1% |
| International Business Machines Corp(IBM) | COMMON STOCK | 459200101 | $130.6M | 443,020 | 2.9% |
| Moody's Corp(MCO) | COMMON STOCK | 615369105 | $126.4M | 252,048 | 2.8% |
| W R Berkley Corp(WRB) | COMMON STOCK | 084423102 | $119.8M | 1,631,218 | 2.7% |
| American Express Co(AXP) | COMMON STOCK | 025816109 | $105.2M | 329,699 | 2.3% |
| Berkshire Hathaway Inc(BRK/B) | COMMON STOCK | 084670702 | $78.1M | 160,806 | 1.7% |
| Eaton Corp PLC(ETN) | COMMON STOCK | G29183103 | $60.5M | 169,364 | 1.3% |
| Autozone Inc(AZO) | COMMON STOCK | 053332102 | $58.8M | 15,841 | 1.3% |
| Deere & Co(DE) | COMMON STOCK | 244199105 | $52.4M | 103,114 | 1.2% |
| Waste Management Inc(WM) | COMMON STOCK | 94106L109 | $45.2M | 197,399 | 1.0% |
| Parker-Hannifin Corp(PH) | COMMON STOCK | 701094104 | $44.3M | 63,489 | 1.0% |
| CRH PLC(CRH) | COMMON STOCK | G25508105 | $43.6M | 474,587 | 1.0% |
| O'reilly Automotive Inc(ORLY) | COMMON STOCK | 67103H107 | $36.5M | 404,901 | 0.8% |
| Servicenow Inc(NOW) | COMMON STOCK | 81762P102 | $34.6M | 33,689 | 0.8% |
| Coca-Cola Consolidated Inc(COKE) | COMMON STOCK | 191098102 | $33.7M | 301,524 | 0.7% |
| Clean Harbors Inc(CLH) | COMMON STOCK | 184496107 | $31.0M | 133,893 | 0.7% |
| Morgan Stanley(MS) | COMMON STOCK | 617446448 | $29.9M | 212,113 | 0.7% |
| Blackstone Inc(BX) | COMMON STOCK | 09260D107 | $22.1M | 147,563 | 0.5% |
| Thermo Fisher Scientific Inc(TMO) | COMMON STOCK | 883556102 | $21.7M | 53,617 | 0.5% |
| Visa Inc(V) | COMMON STOCK | 92826C839 | $20.0M | 56,439 | 0.4% |
| Chart Industries Inc(GTLS) | COMMON STOCK | 16115Q308 | $19.7M | 119,771 | 0.4% |
| Kroger Co(KR) | COMMON STOCK | 501044101 | $17.9M | 249,331 | 0.4% |
| Medtronic PLC(MDT) | COMMON STOCK | G5960L103 | $17.4M | 199,493 | 0.4% |
| Alphabet Inc(GOOGL) | COMMON STOCK | 02079K305 | $17.1M | 97,220 | 0.4% |
| Starbucks Corp(SBUX) | COMMON STOCK | 855244109 | $15.4M | 168,247 | 0.3% |
| Warby Parker inc(WRBY) | COMMON STOCK | 93403J106 | $15.1M | 688,572 | 0.3% |
| Apple Inc(AAPL) | COMMON STOCK | 037833100 | $14.2M | 69,043 | 0.3% |
| Vanguard Total Stock Market ETF(VTI) | ETP | 922908769 | $13.6M | 44,807 | 0.3% |
| Unitedhealth Group Inc(UNH) | COMMON STOCK | 91324P102 | $11.9M | 38,282 | 0.3% |
| Mcdonald's Corp(MCD) | COMMON STOCK | 580135101 | $11.4M | 39,131 | 0.3% |
| Spdr S&P 500 ETF Trust(SPY) | ETP | 78462F103 | $11.2M | 18,156 | 0.2% |
| Alphabet Inc(GOOG) | COMMON STOCK | 02079K107 | $11.1M | 62,534 | 0.2% |
| Vistra Corp(VST) | COMMON STOCK | 92840M102 | $10.7M | 55,022 | 0.2% |
| Texas Instruments Inc(TXN) | COMMON STOCK | 882508104 | $8.9M | 43,014 | 0.2% |
| Broadcom Inc(AVGO) | COMMON STOCK | 11135F101 | $8.4M | 30,514 | 0.2% |
| Idexx Laboratories Inc(IDXX) | COMMON STOCK | 45168D104 | $8.4M | 15,583 | 0.2% |
| Ishares Russell 1000 ETF(IWB) | ETP | 464287622 | $8.3M | 24,550 | 0.2% |
| Murphy USA Inc(MUSA) | COMMON STOCK | 626755102 | $7.8M | 19,260 | 0.2% |
| API Group Corp(APG) | COMMON STOCK | 00187Y100 | $7.4M | 145,521 | 0.2% |