Q4 2025 Holdings
Filed 2026-02-02 | 92 holdings | $4.8B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Ross Stores, Inc.(ROST) | COM | 778296103 | $276.0M | 1,531,966 | 5.7% |
| Amphenol Corp.(APH) | COM | 032095101 | $225.1M | 1,665,809 | 4.7% |
| Vulcan Materials(VMC) | COM | 929160109 | $190.1M | 666,670 | 4.0% |
| Markel Corporation(MKL) | COM | 570535104 | $189.7M | 88,266 | 4.0% |
| Stryker Corporation(SYK) | COM | 863667101 | $184.7M | 525,378 | 3.8% |
| Brookfield Corp(BN) | COM | 11271J107 | $176.3M | 3,842,656 | 3.7% |
| Brown & Brown, Inc.(BRO) | COM | 115236101 | $174.0M | 2,183,511 | 3.6% |
| CDW Corporation(CDW) | COM | 12514G108 | $156.7M | 1,150,567 | 3.3% |
| Trane Technologies PLC(TT) | COM | G8994E103 | $154.0M | 395,638 | 3.2% |
| Fastenal Co(FAST) | COM | 311900104 | $150.6M | 3,752,643 | 3.1% |
| Idex Corporation(IEX) | COM | 45167R104 | $145.8M | 819,203 | 3.0% |
| Analog Devices Inc(ADI) | COM | 032654105 | $134.1M | 494,546 | 2.8% |
| Keysight Technologies Inc.(KEYS) | COM | 49338L103 | $128.8M | 633,773 | 2.7% |
| Progressive Corp.(PGR) | COM | 743315103 | $127.5M | 559,924 | 2.7% |
| Exlservice Holdings Inc.(EXLS) | COM | 302081104 | $117.7M | 2,773,142 | 2.5% |
| AutoZone, Inc.(AZO) | COM | 053332102 | $111.3M | 32,830 | 2.3% |
| Heico Corp. Class A(HEI/A) | COM | 422806208 | $110.3M | 436,906 | 2.3% |
| Booking Holdings Inc.(BKNG) | COM | 09857L108 | $107.1M | 19,994 | 2.2% |
| Illinois Tool Works Inc.(ITW) | COM | 452308109 | $97.4M | 395,628 | 2.0% |
| Microchip Technology Incorpora(MCHP) | COM | 595017104 | $92.1M | 1,444,945 | 1.9% |
| Arthur J. Gallagher & Co.(AJG) | COM | 363576109 | $91.7M | 354,440 | 1.9% |
| Graco Inc.(GGG) | COM | 384109104 | $91.2M | 1,112,750 | 1.9% |
| Zebra Technologies A(ZBRA) | COM | 989207105 | $87.2M | 359,257 | 1.8% |
| Steris PLC(STE) | COM | G8473T100 | $83.2M | 328,107 | 1.7% |
| Agilent Technologies Inc(A) | COM | 00846U101 | $81.0M | 594,972 | 1.7% |
| Pinnacle Financial Partners, I | COM | 72346Q104 | $80.6M | 844,455 | 1.7% |
| Ametek, Inc.(AME) | COM | 031100100 | $75.5M | 367,870 | 1.6% |
| Broadridge Financial Solutions(BR) | COM | 11133T103 | $72.2M | 323,621 | 1.5% |
| Landstar System, Inc.(LSTR) | COM | 515098101 | $69.9M | 486,165 | 1.5% |
| Republic Services, Inc.(RSG) | COM | 760759100 | $61.6M | 290,625 | 1.3% |
| Martin Marietta Mat(MLM) | COM | 573284106 | $56.0M | 89,928 | 1.2% |
| Cintas Corp(CTAS) | COM | 172908105 | $52.6M | 279,651 | 1.1% |
| Brookfield Asset Management Lt(BAM) | COM | 113004105 | $49.1M | 937,887 | 1.0% |
| Paychex Inc(PAYX) | COM | 704326107 | $47.7M | 425,591 | 1.0% |
| Entegris, Inc.(ENTG) | COM | 29362U104 | $46.4M | 551,246 | 1.0% |
| Verisk Analytics Inc.(VRSK) | COM | 92345Y106 | $42.1M | 188,194 | 0.9% |
| EOG Resources, Inc.(EOG) | COM | 26875P101 | $40.7M | 387,628 | 0.8% |
| Jack Henry & Associates Inc(JKHY) | COM | 426281101 | $40.3M | 220,615 | 0.8% |
| Colliers International Group I(CIGI) | COM | 194693107 | $32.7M | 222,258 | 0.7% |
| Berkshire Hathaway Inc. A(BRK/A) | COM | 084670108 | $31.7M | 42 | 0.7% |
| Avery Dennison Corp(AVY) | COM | 053611109 | $26.2M | 143,826 | 0.5% |
| FirstService Corporation(FSV) | COM | 33767E202 | $23.3M | 149,827 | 0.5% |
| Roper Technologies, Inc.(ROP) | COM | 776696106 | $23.2M | 52,195 | 0.5% |
| Cbiz, Inc.(CBZ) | COM | 124805102 | $22.8M | 452,592 | 0.5% |
| Houlihan Lokey Inc.(HLI) | COM | 441593100 | $21.5M | 123,672 | 0.4% |
| Trisura Group Ltd.(TRRSF) | COM | 89679A209 | $21.2M | 684,344 | 0.4% |
| Watsco, Inc.(WSO) | COM | 942622200 | $20.5M | 60,859 | 0.4% |
| Brookfield Infrastructure Corp(BIPC) | COM | 11276H106 | $19.4M | 427,910 | 0.4% |
| Dutch Brothers Inc Cl A(BROS) | COM | 26701L100 | $19.1M | 312,111 | 0.4% |
| Siteone Landscape Supply Inc.(SITE) | COM | 82982L103 | $18.9M | 151,994 | 0.4% |