Q3 2025 Holdings
Filed 2025-10-20 | 91 holdings | $5.0B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Amphenol Corp.(APH) | COM | 032095101 | $253.7M | 2,050,259 | 5.1% |
| Ross Stores, Inc.(ROST) | COM | 778296103 | $244.6M | 1,605,273 | 4.9% |
| Vulcan Materials(VMC) | COM | 929160109 | $204.8M | 665,666 | 4.1% |
| Brown & Brown, Inc.(BRO) | COM | 115236101 | $202.3M | 2,156,455 | 4.1% |
| Stryker Corporation(SYK) | COM | 863667101 | $194.2M | 525,437 | 3.9% |
| Fastenal Co(FAST) | COM | 311900104 | $184.0M | 3,751,178 | 3.7% |
| CDW Corporation(CDW) | COM | 12514G108 | $181.8M | 1,141,082 | 3.6% |
| Brookfield Corp(BN) | COM | 11271J107 | $176.6M | 2,575,076 | 3.5% |
| Trane Technologies PLC(TT) | COM | G8994E103 | $173.2M | 410,528 | 3.5% |
| Markel Corporation(MKL) | COM | 570535104 | $168.9M | 88,388 | 3.4% |
| Idex Corporation(IEX) | COM | 45167R104 | $142.4M | 874,679 | 2.9% |
| AutoZone, Inc.(AZO) | COM | 053332102 | $142.0M | 33,094 | 2.8% |
| Progressive Corp.(PGR) | COM | 743315103 | $138.1M | 559,328 | 2.8% |
| Exlservice Holdings Inc.(EXLS) | COM | 302081104 | $122.8M | 2,789,992 | 2.5% |
| Analog Devices Inc(ADI) | COM | 032654105 | $121.9M | 496,310 | 2.4% |
| Keysight Technologies Inc.(KEYS) | COM | 49338L103 | $110.6M | 632,432 | 2.2% |
| Heico Corp. Class A(HEI/A) | COM | 422806208 | $110.4M | 434,681 | 2.2% |
| Arthur J. Gallagher & Co.(AJG) | COM | 363576109 | $110.1M | 355,301 | 2.2% |
| Booking Holdings Inc.(BKNG) | COM | 09857L108 | $107.9M | 19,992 | 2.2% |
| Zebra Technologies A(ZBRA) | COM | 989207105 | $105.2M | 353,914 | 2.1% |
| Illinois Tool Works Inc.(ITW) | COM | 452308109 | $103.2M | 395,635 | 2.1% |
| Graco Inc.(GGG) | COM | 384109104 | $93.7M | 1,102,884 | 1.9% |
| Microchip Technology Incorpora(MCHP) | COM | 595017104 | $91.5M | 1,425,444 | 1.8% |
| Pinnacle Financial Partners, I | COM | 72346Q104 | $88.9M | 947,745 | 1.8% |
| Steris PLC(STE) | COM | G8473T100 | $80.4M | 324,971 | 1.6% |
| Broadridge Financial Solutions(BR) | COM | 11133T103 | $75.9M | 318,791 | 1.5% |
| Agilent Technologies Inc(A) | COM | 00846U101 | $75.3M | 586,500 | 1.5% |
| Ametek, Inc.(AME) | COM | 031100100 | $69.1M | 367,497 | 1.4% |
| Republic Services, Inc.(RSG) | COM | 760759100 | $64.7M | 282,141 | 1.3% |
| Cintas Corp(CTAS) | COM | 172908105 | $57.2M | 278,638 | 1.1% |
| Martin Marietta Mat(MLM) | COM | 573284106 | $56.5M | 89,657 | 1.1% |
| Paychex Inc(PAYX) | COM | 704326107 | $53.6M | 423,118 | 1.1% |
| Brookfield Asset Management Lt(BAM) | COM | 113004105 | $53.3M | 936,273 | 1.1% |
| Entegris, Inc.(ENTG) | COM | 29362U104 | $50.5M | 545,870 | 1.0% |
| EOG Resources, Inc.(EOG) | COM | 26875P101 | $43.5M | 387,687 | 0.9% |
| Landstar System, Inc.(LSTR) | COM | 515098101 | $41.8M | 341,130 | 0.8% |
| Berkshire Hathaway Inc. A(BRK/A) | COM | 084670108 | $39.2M | 52 | 0.8% |
| Colliers International Group I(CIGI) | COM | 194693107 | $38.6M | 247,220 | 0.8% |
| Jack Henry & Associates Inc(JKHY) | COM | 426281101 | $35.3M | 236,732 | 0.7% |
| Verisk Analytics Inc.(VRSK) | COM | 92345Y106 | $34.6M | 137,744 | 0.7% |
| Watsco, Inc.(WSO) | COM | 942622200 | $28.6M | 70,701 | 0.6% |
| FirstService Corporation(FSV) | COM | 33767E202 | $27.6M | 144,633 | 0.6% |
| Roper Technologies, Inc.(ROP) | COM | 776696106 | $24.7M | 49,475 | 0.5% |
| Cbiz, Inc.(CBZ) | COM | 124805102 | $24.1M | 455,344 | 0.5% |
| Brookfield Infrastructure Corp(BIPC) | COM | 11276H106 | $23.3M | 566,282 | 0.5% |
| Avery Dennison Corp(AVY) | COM | 053611109 | $23.2M | 143,249 | 0.5% |
| Frontdoor, Inc.(FTDR) | COM | 35905A109 | $22.9M | 340,620 | 0.5% |
| Houlihan Lokey Inc.(HLI) | COM | 441593100 | $21.9M | 106,473 | 0.4% |
| One Spa World Holdings Ltd.(OSW) | COM | P73684113 | $19.8M | 935,495 | 0.4% |
| Siteone Landscape Supply Inc.(SITE) | COM | 82982L103 | $19.7M | 152,945 | 0.4% |