Q3 2025 Holdings
Filed 2025-11-14 | 272 holdings | $4.9B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Microsoft Corp(MSFT) | COMMON STOCK | 594918104 | $495.8M | 957,255 | 10.1% |
| Costco Wholesale Corp(COST) | COMMON STOCK | 22160K105 | $365.6M | 394,978 | 7.5% |
| Sherwin Williams Co(SHW) | COMMON STOCK | 824348106 | $350.7M | 1,012,856 | 7.1% |
| Republic Services Inc(RSG) | COMMON STOCK | 760759100 | $310.6M | 1,353,587 | 6.3% |
| Home Depot Inc(HD) | COMMON STOCK | 437076102 | $270.4M | 667,398 | 5.5% |
| Arthur J Gallagher & Co(AJG) | COMMON STOCK | 363576109 | $237.2M | 765,795 | 4.8% |
| Mastercard Inc(MA) | COMMON STOCK | 57636Q104 | $232.3M | 408,399 | 4.7% |
| Amphenol Corp(APH) | COMMON STOCK | 032095101 | $180.4M | 1,457,640 | 3.7% |
| Progressive Corp(PGR) | COMMON STOCK | 743315103 | $162.1M | 656,569 | 3.3% |
| Brown & Brown Inc(BRO) | COMMON STOCK | 115236101 | $152.9M | 1,630,609 | 3.1% |
| Cintas Corp(CTAS) | COMMON STOCK | 172908105 | $143.4M | 698,405 | 2.9% |
| International Business Machines Corp(IBM) | COMMON STOCK | 459200101 | $136.8M | 484,923 | 2.8% |
| Netflix Inc(NFLX) | COMMON STOCK | 64110L106 | $128.8M | 107,461 | 2.6% |
| W R Berkley Corp(WRB) | COMMON STOCK | 084423102 | $127.0M | 1,657,149 | 2.6% |
| Moody's Corp(MCO) | COMMON STOCK | 615369105 | $124.2M | 260,746 | 2.5% |
| American Express Co(AXP) | COMMON STOCK | 025816109 | $109.9M | 330,844 | 2.2% |
| Waste Management Inc(WM) | COMMON STOCK | 94106L109 | $83.8M | 379,398 | 1.7% |
| Eaton Corp PLC(ETN) | COMMON STOCK | G29183103 | $68.9M | 184,187 | 1.4% |
| Autozone Inc(AZO) | COMMON STOCK | 053332102 | $68.0M | 15,841 | 1.4% |
| Berkshire Hathaway Inc(BRK/B) | COMMON STOCK | 084670702 | $51.9M | 103,301 | 1.1% |
| Deere & Co(DE) | COMMON STOCK | 244199105 | $48.6M | 106,217 | 1.0% |
| Parker-Hannifin Corp(PH) | COMMON STOCK | 701094104 | $48.3M | 63,653 | 1.0% |
| O'reilly Automotive Inc(ORLY) | COMMON STOCK | 67103H107 | $43.7M | 404,927 | 0.9% |
| CRH PLC(CRH) | COMMON STOCK | G25508105 | $41.8M | 348,479 | 0.9% |
| Coca-Cola Consolidated Inc(COKE) | COMMON STOCK | 191098102 | $36.4M | 310,936 | 0.7% |
| Morgan Stanley(MS) | COMMON STOCK | 617446448 | $34.4M | 216,326 | 0.7% |
| Visa Inc(V) | COMMON STOCK | 92826C839 | $33.8M | 99,022 | 0.7% |
| Domino's Pizza Inc(DPZ) | COMMON STOCK | 25754A201 | $33.1M | 76,641 | 0.7% |
| Servicenow Inc(NOW) | COMMON STOCK | 81762P102 | $32.0M | 34,761 | 0.7% |
| Clean Harbors Inc(CLH) | COMMON STOCK | 184496107 | $31.2M | 134,293 | 0.6% |
| Alphabet Inc(GOOGL) | COMMON STOCK | 02079K305 | $30.8M | 126,539 | 0.6% |
| Blackstone Inc(BX) | COMMON STOCK | 09260D107 | $28.0M | 164,070 | 0.6% |
| Thermo Fisher Scientific Inc(TMO) | COMMON STOCK | 883556102 | $24.5M | 50,444 | 0.5% |
| Apple Inc(AAPL) | COMMON STOCK | 037833100 | $24.3M | 95,238 | 0.5% |
| Medtronic PLC(MDT) | COMMON STOCK | G5960L103 | $19.8M | 208,283 | 0.4% |
| Spdr S&P 500 ETF Trust(SPY) | ETP | 78462F103 | $18.9M | 28,444 | 0.4% |
| Warby Parker Inc(WRBY) | COMMON STOCK | 93403J106 | $18.8M | 681,972 | 0.4% |
| Alphabet Inc(GOOG) | COMMON STOCK | 02079K107 | $17.6M | 72,339 | 0.4% |
| Vanguard Total Stock Market ETF(VTI) | ETP | 922908769 | $14.7M | 44,775 | 0.3% |
| Mcdonald's Corp(MCD) | COMMON STOCK | 580135101 | $14.7M | 48,327 | 0.3% |
| Amazon.com Inc(AMZN) | COMMON STOCK | 023135106 | $13.5M | 61,565 | 0.3% |
| Meta Platforms Inc(META) | COMMON STOCK | 30303M102 | $12.9M | 17,604 | 0.3% |
| Kroger Co(KR) | COMMON STOCK | 501044101 | $12.8M | 189,804 | 0.3% |
| JPMorgan Chase & Co(JPM) | COMMON STOCK | 46625H100 | $12.6M | 40,094 | 0.3% |
| Martin Marietta Materials Inc(MLM) | COMMON STOCK | 573284106 | $11.8M | 18,652 | 0.2% |
| Broadcom Inc(AVGO) | COMMON STOCK | 11135F101 | $11.7M | 35,413 | 0.2% |
| T Rowe Price Group Inc(TROW) | COMMON STOCK | 74144T108 | $11.0M | 107,268 | 0.2% |
| Vistra Corp(VST) | COMMON STOCK | 92840M102 | $10.7M | 54,455 | 0.2% |
| Chevron Corp(CVX) | COMMON STOCK | 166764100 | $9.6M | 61,884 | 0.2% |
| Idexx Laboratories Inc(IDXX) | COMMON STOCK | 45168D104 | $9.6M | 15,032 | 0.2% |