Reported portfolio
François Rochon
Giverny Capital Inc.
Last update 2026-08-26
- Reported portfolio value
- $2,974,321,000
- Current positions
- 51
- Top five concentration
- 29.4%
- Largest position
- 7.2%
- New positions
- 7
- Closed positions
- 7
Reported holdings
58 positions
| Company | Portfolio | Recent activity | Shares | Reported price | Reported value | Updated / source |
|---|---|---|---|---|---|---|
GOOG ALPHABET INC C | 7.19% | Reduced 2.5% | 605,460−15,449 | $353 | $213,927,000+$35,813,000 | 13F2026-06-30 ↗ |
HEI/A HEICO CORP NEW | 6.38% | Reduced 0.4% | 735,248−3,234 | $258 | $189,628,000+$33,742,000 | 13F2026-06-30 ↗ |
META META PLATFORMS INC | 5.74% | Reduced 1.6% | 302,888−4,933 | $563 | $170,614,000−$5,500,000 | 13F2026-06-30 ↗ |
SCHW SCHWAB CHARLES CORP | 5.22% | Added 9.5% | 1,681,567+145,361 | $92 | $155,158,000+$10,786,000 | 13F2026-06-30 ↗ |
ADP AUTOMATIC DATA PROC INC | 4.93% | Added 56.2% | 654,556+235,466 | $224 | $146,588,000+$61,437,000 | 13F2026-06-30 ↗ |
AME AMETEK INC | 4.87% | Reduced 2.2% | 598,781−13,277 | $242 | $144,869,000+$13,668,000 | 13F2026-06-30 ↗ |
MEDP MEDPACE HOLDINGS INC | 4.52% | Reduced 0.8% | 253,931−2,150 | $530 | $134,479,000+$11,512,000 | 13F2026-06-30 ↗ |
V VISA INC | 4.50% | Reduced 1.6% | 389,900−6,457 | $343 | $133,771,000+$13,976,000 | 13F2026-06-30 ↗ |
BRK/B BERKSHIRE HATHAWAY INC DEL | 4.18% | Reduced 34.4% | 248,447−130,178 | $500 | $124,320,000−$57,117,000 | 13F2026-06-30 ↗ |
PGR PROGRESSIVE CORP | 3.98% | Added 2.6% | 542,292+13,928 | $218 | $118,464,000+$13,721,000 | 13F2026-06-30 ↗ |
GOOGL ALPHABET INC | 3.73% | Reduced 11.0% | 310,118−38,351 | $357 | $110,827,000+$10,621,000 | 13F2026-06-30 ↗ |
FIVE FIVE BELOW INC | 3.62% | Reduced 3.1% | 598,122−19,069 | $180 | $107,536,000−$33,479,000 | 13F2026-06-30 ↗ |
BKNG BOOKING HOLDINGS INC. | 3.13% | Added 2375.1% | 522,664+501,547 | $178 | $93,160,000+$4,250,000 | 13F2026-06-30 ↗ |
IBP INSTALLED BLDG PRODS INC | 3.07% | Reduced 1.5% | 397,662−6,003 | $230 | $91,399,000−$15,633,000 | 13F2026-06-30 ↗ |
NVR NVR INC | 3.03% | Reduced 3.0% | 13,238−409 | $6,813 | $90,196,000+$264,000 | 13F2026-06-30 ↗ |
KNSL KINSALE CAPITAL GROUP IN | 2.67% | Added 10.0% | 240,731+21,789 | $330 | $79,395,000+$4,592,000 | 13F2026-06-30 ↗ |
BFAM BRIGHT HORIZONSFAMILY SOLUTION | 2.58% | Added 45.6% | 1,080,793+338,464 | $71 | $76,607,000+$15,639,000 | 13F2026-06-30 ↗ |
RMD RESMED INC | 2.54% | Added 68.5% | 387,665+157,660 | $195 | $75,548,000+$23,917,000 | 13F2026-06-30 ↗ |
OZK BANK OZK LITTLE ROCK ARK | 2.10% | Reduced 2.7% | 1,198,116−32,943 | $52 | $62,410,000+$5,917,000 | 13F2026-06-30 ↗ |
MKL MARKEL CORP | 2.03% | Reduced 28.1% | 30,877−12,067 | $1,953 | $60,303,000−$21,895,000 | 13F2026-06-30 ↗ |
ANET ARISTA NETWORKS INC | 1.94% | Reduced 19.7% | 339,892−83,469 | $170 | $57,741,000+$5,759,000 | 13F2026-06-30 ↗ |
KEYS KEYSIGHT TECHNOLOGIES INC | 1.68% | Reduced 55.7% | 143,072−180,112 | $350 | $50,085,000−$41,172,000 | 13F2026-06-30 ↗ |
DIS DISNEY WALT CO | 1.67% | Reduced 3.9% | 515,567−20,947 | $96 | $49,623,000−$2,086,000 | 13F2026-06-30 ↗ |
BRO BROWN & BROWN | 1.62% | Reduced 0.3% | 753,288−1,981 | $64 | $48,323,000−$928,000 | 13F2026-06-30 ↗ |
ADI ANALOG DEVICES INC | 1.25% | Reduced 45.4% | 93,310−77,742 | $397 | $37,060,000−$17,359,000 | 13F2026-06-30 ↗ |
NYT NEW YORK TIMES CO-A- | 1.14% | New | 484,424+484,424 | $70 | $33,900,000+$33,900,000 | 13F2026-06-30 ↗ |
LFUS LITTELFUSE INC | 1.13% | Reduced 8.2% | 74,125−6,594 | $455 | $33,751,000+$6,359,000 | 13F2026-06-30 ↗ |
MSA MSA SAFETY INC | 0.98% | New | 166,305+166,305 | $175 | $29,034,000+$29,034,000 | 13F2026-06-30 ↗ |
WSO WATSCO INC | 0.92% | New | 65,975+65,975 | $417 | $27,494,000+$27,494,000 | 13F2026-06-30 ↗ |
AAON AAON INC | 0.87% | Added 1.5% | 204,779+2,947 | $127 | $25,978,000+$9,277,000 | 13F2026-06-30 ↗ |
GLD SPDR GOLD TR | 0.84% | Unchanged | 3,876 | $6,458 | $25,033,000+$23,365,000 | 13F2026-06-30 ↗ |
SUNB SUNBELT RENTALS HOLDINGS | 0.73% | Reduced 9.0% | 246,369−24,474 | $88 | $21,594,000+$3,965,000 | 13F2026-06-30 ↗ |
VEEV VEEVA SYSTEMS INC CL-A | 0.57% | New | 94,956+94,956 | $177 | $16,852,000+$16,852,000 | 13F2026-06-30 ↗ |
AXP AMERICAN EXPRESS CO | 0.53% | New | 46,702+46,702 | $337 | $15,754,000+$15,754,000 | 13F2026-06-30 ↗ |
TWFG TWFG INC | 0.53% | Added 18.2% | 652,452+100,345 | $24 | $15,691,000+$5,538,000 | 13F2026-06-30 ↗ |
JPM JPMORGAN CHASE & CO | 0.53% | Reduced 8.5% | 47,876−4,422 | $327 | $15,671,000+$287,000 | 13F2026-06-30 ↗ |
MA MASTERCARD INCORPORATED | 0.50% | Added 2.7% | 28,816+750 | $514 | $14,800,000+$776,000 | 13F2026-06-30 ↗ |
LULU LULULEMON ATHLETICA INC | 0.49% | Reduced 9.7% | 128,803−13,797 | $114 | $14,707,000−$7,125,000 | 13F2026-06-30 ↗ |
FND FLOOR & DECOR HLDGS INC | 0.46% | Reduced 0.8% | 229,867−1,962 | $59 | $13,645,000+$1,868,000 | 13F2026-06-30 ↗ |
HWKN HAWKINS INC | 0.45% | New | 94,954+94,954 | $142 | $13,493,000+$13,493,000 | 13F2026-06-30 ↗ |
FERG FERGUSON ENTERPRISES INC | 0.30% | Added 1.8% | 37,380+652 | $237 | $8,871,000+$304,000 | 13F2026-06-30 ↗ |
BLDR BUILDERS FIRSTSOURCE INC | 0.28% | Reduced 0.4% | 91,464−349 | $89 | $8,184,000+$625,000 | 13F2026-06-30 ↗ |
BRK/A BERKSHIRE HATHAWAY INC DEL | 0.23% | Reduced 18.2% | 9−2 | $748,850 | $6,740,000−$1,160,000 | 13F2026-06-30 ↗ |
AAPL APPLE INC | 0.13% | Reduced 13.6% | 12,995−2,045 | $289 | $3,760,000−$57,000 | 13F2026-06-30 ↗ |
TSM TAIWAN SEMICONDUCTOR MFG LTD | 0.06% | Reduced 55.0% | 3,655−4,470 | $478 | $1,746,000−$1,000,000 | 13F2026-06-30 ↗ |
SPY SPDR S&P 500 ETF | 0.06% | Reduced 7.3% | 2,294−180 | $747 | $1,713,000+$104,000 | 13F2026-06-30 ↗ |
YUMC YUM CHINA HLDGS INC | 0.05% | Unchanged | 36,036 | $41 | $1,473,000−$285,000 | 13F2026-06-30 ↗ |
ITB ISHARES TR | 0.04% | Added 7.4% | 11,662+808 | $104 | $1,218,000+$236,000 | 13F2026-06-30 ↗ |
MSFT MICROSOFT CORP | 0.02% | Reduced 6.4% | 1,787−123 | $373 | $667,000−$40,000 | 13F2026-06-30 ↗ |
QQQ INVESCO QQQ TR | 0.01% | New | 391+391 | $736 | $288,000+$288,000 | 13F2026-06-30 ↗ |
CPRT COPART INC | 0.01% | Reduced 69.9% | 8,274−19,210 | $28 | $233,000−$679,000 | 13F2026-06-30 ↗ |
MTB M & T BK CORP | 0.00% | Exited | 0−7,535 | $207 | $0−$1,558,000 | 13F2026-06-30 ↗ |
RSP INVESCO S&P500 EQ WGT ETF | 0.00% | Exited | 0−6,105 | $192 | $0−$1,172,000 | 13F2026-06-30 ↗ |
QQQM INVESCO EXCH TRADED FD TR II | 0.00% | Exited | 0−4,222 | $238 | $0−$1,003,000 | 13F2026-06-30 ↗ |
BIRK BIRKENSTOCK HLDG PLC | 0.00% | Exited | 0−27,392 | $36 | $0−$981,000 | 13F2026-06-30 ↗ |
ODFL OLD DOMINION FREIGHT LINE IN | 0.00% | Exited | 0−5,006 | $195 | $0−$978,000 | 13F2026-06-30 ↗ |
SITE SITEONE LANDSCAPE SUPPLY INC | 0.00% | Exited | 0−3,753 | $133 | $0−$500,000 | 13F2026-06-30 ↗ |
NVO NOVO-NORDISK A S | 0.00% | Exited | 0−12,400 | $37 | $0−$456,000 | 13F2026-06-30 ↗ |
Reported price is calculated from the reported value and share count. It is not the investor's actual purchase price.
Filing history
Historical holdings
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| GOOG | ALPHABET INC C | 7.19% | 605,460 | $213,927,000 |
| HEI/A | HEICO CORP NEW | 6.38% | 735,248 | $189,628,000 |
| META | META PLATFORMS INC | 5.74% | 302,888 | $170,614,000 |
| SCHW | SCHWAB CHARLES CORP | 5.22% | 1,681,567 | $155,158,000 |
| ADP | AUTOMATIC DATA PROC INC | 4.93% | 654,556 | $146,588,000 |
| AME | AMETEK INC | 4.87% | 598,781 | $144,869,000 |
| MEDP | MEDPACE HOLDINGS INC | 4.52% | 253,931 | $134,479,000 |
| V | VISA INC | 4.50% | 389,900 | $133,771,000 |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 4.18% | 248,447 | $124,320,000 |
| PGR | PROGRESSIVE CORP | 3.98% | 542,292 | $118,464,000 |
| GOOGL | ALPHABET INC | 3.73% | 310,118 | $110,827,000 |
| FIVE | FIVE BELOW INC | 3.62% | 598,122 | $107,536,000 |
| BKNG | BOOKING HOLDINGS INC. | 3.13% | 522,664 | $93,160,000 |
| IBP | INSTALLED BLDG PRODS INC | 3.07% | 397,662 | $91,399,000 |
| NVR | NVR INC | 3.03% | 13,238 | $90,196,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 2.67% | 240,731 | $79,395,000 |
| BFAM | BRIGHT HORIZONSFAMILY SOLUTION | 2.58% | 1,080,793 | $76,607,000 |
| RMD | RESMED INC | 2.54% | 387,665 | $75,548,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 2.10% | 1,198,116 | $62,410,000 |
| MKL | MARKEL CORP | 2.03% | 30,877 | $60,303,000 |
| ANET | ARISTA NETWORKS INC | 1.94% | 339,892 | $57,741,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 1.68% | 143,072 | $50,085,000 |
| DIS | DISNEY WALT CO | 1.67% | 515,567 | $49,623,000 |
| BRO | BROWN & BROWN | 1.62% | 753,288 | $48,323,000 |
| ADI | ANALOG DEVICES INC | 1.25% | 93,310 | $37,060,000 |
| NYT | NEW YORK TIMES CO-A- | 1.14% | 484,424 | $33,900,000 |
| LFUS | LITTELFUSE INC | 1.13% | 74,125 | $33,751,000 |
| MSA | MSA SAFETY INC | 0.98% | 166,305 | $29,034,000 |
| WSO | WATSCO INC | 0.92% | 65,975 | $27,494,000 |
| AAON | AAON INC | 0.87% | 204,779 | $25,978,000 |
| GLD | SPDR GOLD TR | 0.84% | 3,876 | $25,033,000 |
| SUNB | SUNBELT RENTALS HOLDINGS | 0.73% | 246,369 | $21,594,000 |
| VEEV | VEEVA SYSTEMS INC CL-A | 0.57% | 94,956 | $16,852,000 |
| AXP | AMERICAN EXPRESS CO | 0.53% | 46,702 | $15,754,000 |
| TWFG | TWFG INC | 0.53% | 652,452 | $15,691,000 |
| JPM | JPMORGAN CHASE & CO | 0.53% | 47,876 | $15,671,000 |
| MA | MASTERCARD INCORPORATED | 0.50% | 28,816 | $14,800,000 |
| LULU | LULULEMON ATHLETICA INC | 0.49% | 128,803 | $14,707,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.46% | 229,867 | $13,645,000 |
| HWKN | HAWKINS INC | 0.45% | 94,954 | $13,493,000 |
| FERG | FERGUSON ENTERPRISES INC | 0.30% | 37,380 | $8,871,000 |
| BLDR | BUILDERS FIRSTSOURCE INC | 0.28% | 91,464 | $8,184,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.23% | 9 | $6,740,000 |
| AAPL | APPLE INC | 0.13% | 12,995 | $3,760,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.06% | 3,655 | $1,746,000 |
| SPY | SPDR S&P 500 ETF | 0.06% | 2,294 | $1,713,000 |
| YUMC | YUM CHINA HLDGS INC | 0.05% | 36,036 | $1,473,000 |
| ITB | ISHARES TR | 0.04% | 11,662 | $1,218,000 |
| MSFT | MICROSOFT CORP | 0.02% | 1,787 | $667,000 |
| QQQ | INVESCO QQQ TR | 0.01% | 391 | $288,000 |
| CPRT | COPART INC | 0.01% | 8,274 | $233,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| GOOG | ALPHABET INC C | 7.19% | 605,460 | $213,927,000 |
| HEI/A | HEICO CORP NEW | 6.38% | 735,248 | $189,628,000 |
| META | META PLATFORMS INC | 5.74% | 302,888 | $170,614,000 |
| SCHW | SCHWAB CHARLES CORP | 5.22% | 1,681,567 | $155,158,000 |
| ADP | AUTOMATIC DATA PROC INC | 4.93% | 654,556 | $146,588,000 |
| AME | AMETEK INC | 4.87% | 598,781 | $144,869,000 |
| MEDP | MEDPACE HOLDINGS INC | 4.52% | 253,931 | $134,479,000 |
| V | VISA INC | 4.50% | 389,900 | $133,771,000 |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 4.18% | 248,447 | $124,320,000 |
| PGR | PROGRESSIVE CORP | 3.98% | 542,292 | $118,464,000 |
| GOOGL | ALPHABET INC | 3.73% | 310,118 | $110,827,000 |
| FIVE | FIVE BELOW INC | 3.62% | 598,122 | $107,536,000 |
| BKNG | BOOKING HOLDINGS INC. | 3.13% | 522,664 | $93,160,000 |
| IBP | INSTALLED BLDG PRODS INC | 3.07% | 397,662 | $91,399,000 |
| NVR | NVR INC | 3.03% | 13,238 | $90,196,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 2.67% | 240,731 | $79,395,000 |
| BFAM | BRIGHT HORIZONSFAMILY SOLUTION | 2.58% | 1,080,793 | $76,607,000 |
| RMD | RESMED INC | 2.54% | 387,665 | $75,548,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 2.10% | 1,198,116 | $62,410,000 |
| MKL | MARKEL CORP | 2.03% | 30,877 | $60,303,000 |
| ANET | ARISTA NETWORKS INC | 1.94% | 339,892 | $57,741,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 1.68% | 143,072 | $50,085,000 |
| DIS | DISNEY WALT CO | 1.67% | 515,567 | $49,623,000 |
| BRO | BROWN & BROWN | 1.62% | 753,288 | $48,323,000 |
| ADI | ANALOG DEVICES INC | 1.25% | 93,310 | $37,060,000 |
| NYT | NEW YORK TIMES CO-A- | 1.14% | 484,424 | $33,900,000 |
| LFUS | LITTELFUSE INC | 1.13% | 74,125 | $33,751,000 |
| MSA | MSA SAFETY INC | 0.98% | 166,305 | $29,034,000 |
| WSO | WATSCO INC | 0.92% | 65,975 | $27,494,000 |
| AAON | AAON INC | 0.87% | 204,779 | $25,978,000 |
| GLD | SPDR GOLD TR | 0.84% | 3,876 | $25,033,000 |
| SUNB | SUNBELT RENTALS HOLDINGS | 0.73% | 246,369 | $21,594,000 |
| VEEV | VEEVA SYSTEMS INC CL-A | 0.57% | 94,956 | $16,852,000 |
| AXP | AMERICAN EXPRESS CO | 0.53% | 46,702 | $15,754,000 |
| TWFG | TWFG INC | 0.53% | 652,452 | $15,691,000 |
| JPM | JPMORGAN CHASE & CO | 0.53% | 47,876 | $15,671,000 |
| MA | MASTERCARD INCORPORATED | 0.50% | 28,816 | $14,800,000 |
| LULU | LULULEMON ATHLETICA INC | 0.49% | 128,803 | $14,707,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.46% | 229,867 | $13,645,000 |
| HWKN | HAWKINS INC | 0.45% | 94,954 | $13,493,000 |
| FERG | FERGUSON ENTERPRISES INC | 0.30% | 37,380 | $8,871,000 |
| BLDR | BUILDERS FIRSTSOURCE INC | 0.28% | 91,464 | $8,184,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.23% | 9 | $6,740,000 |
| AAPL | APPLE INC | 0.13% | 12,995 | $3,760,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.06% | 3,655 | $1,746,000 |
| SPY | SPDR S&P 500 ETF | 0.06% | 2,294 | $1,713,000 |
| YUMC | YUM CHINA HLDGS INC | 0.05% | 36,036 | $1,473,000 |
| ITB | ISHARES TR | 0.04% | 11,662 | $1,218,000 |
| MSFT | MICROSOFT CORP | 0.02% | 1,787 | $667,000 |
| QQQ | INVESCO QQQ TR | 0.01% | 391 | $288,000 |
| CPRT | COPART INC | 0.01% | 8,274 | $233,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 6.64% | 378,625 | $181,437,000 |
| GOOG | ALPHABET INC C | 6.52% | 620,909 | $178,114,000 |
| META | META PLATFORMS INC | 6.45% | 307,821 | $176,114,000 |
| HEI/A | HEICO CORP NEW | 5.71% | 738,482 | $155,886,000 |
| SCHW | SCHWAB CHARLES CORP | 5.29% | 1,536,206 | $144,373,000 |
| FIVE | FIVE BELOW INC | 5.16% | 617,191 | $141,016,000 |
| AME | AMETEK INC | 4.80% | 612,058 | $131,201,000 |
| MEDP | MEDPACE HOLDINGS INC | 4.50% | 256,081 | $122,968,000 |
| V | VISA INC | 4.39% | 396,357 | $119,795,000 |
| IBP | INSTALLED BLDG PRODS INC | 3.92% | 403,665 | $107,032,000 |
| PGR | PROGRESSIVE CORP | 3.83% | 528,364 | $104,743,000 |
| GOOGL | ALPHABET INC | 3.67% | 348,469 | $100,206,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 3.34% | 323,184 | $91,257,000 |
| NVR | NVR INC | 3.29% | 13,647 | $89,931,000 |
| BKNG | BOOKING HOLDINGS INC. | 3.26% | 21,117 | $88,909,000 |
| ADP | AUTOMATIC DATA PROC INC | 3.12% | 419,090 | $85,151,000 |
| MKL | MARKEL CORP | 3.01% | 42,944 | $82,198,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 2.74% | 218,942 | $74,804,000 |
| BFAM | BRIGHT HORIZONSFAMILY SOLUTION | 2.23% | 742,329 | $60,967,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 2.07% | 1,231,059 | $56,493,000 |
| ADI | ANALOG DEVICES INC | 1.99% | 171,052 | $54,418,000 |
| ANET | ARISTA NETWORKS INC | 1.90% | 423,361 | $51,982,000 |
| DIS | DISNEY WALT CO | 1.89% | 536,514 | $51,709,000 |
| RMD | RESMED INC | 1.89% | 230,005 | $51,632,000 |
| BRO | BROWN & BROWN | 1.80% | 755,269 | $49,251,000 |
| LFUS | LITTELFUSE INC | 1.00% | 80,719 | $27,392,000 |
| LULU | LULULEMON ATHLETICA INC | 0.80% | 142,600 | $21,832,000 |
| SUNB | SUNBELT RENTALS HLDGS IN GB SHRS | 0.65% | 270,843 | $17,629,000 |
| AAON | AAON INC | 0.61% | 201,832 | $16,702,000 |
| JPM | JPMORGAN CHASE & CO | 0.56% | 52,298 | $15,384,000 |
| MA | MASTERCARD INCORPORATED | 0.51% | 28,066 | $14,023,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.43% | 231,829 | $11,777,000 |
| TWFG | TWFG INC | 0.37% | 552,107 | $10,153,000 |
| FERG | FERGUSON ENTERPRISES INC | 0.31% | 36,728 | $8,567,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.29% | 11 | $7,900,000 |
| BLDR | BUILDERS FIRSTSOURCE INC | 0.28% | 91,813 | $7,559,000 |
| AAPL | APPLE INC | 0.14% | 15,040 | $3,817,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.10% | 8,125 | $2,746,000 |
| YUMC | YUM CHINA HLDGS INC | 0.06% | 36,036 | $1,758,000 |
| GLD | SPDR GOLD TR | 0.06% | 3,876 | $1,668,000 |
| SPY | SPDR S&P 500 ETF | 0.06% | 2,474 | $1,609,000 |
| MTB | M & T BK CORP | 0.06% | 7,535 | $1,558,000 |
| RSP | INVESCO S&P500 EQ WGT ETF | 0.04% | 6,105 | $1,172,000 |
| QQQM | INVESCO EXCH TRADED FD TR II | 0.04% | 4,222 | $1,003,000 |
| ITB | ISHARES TR | 0.04% | 10,854 | $983,000 |
| BIRK | BIRKENSTOCK HLDG PLC | 0.04% | 27,392 | $981,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.04% | 5,006 | $978,000 |
| CPRT | COPART INC | 0.03% | 27,484 | $912,000 |
| MSFT | MICROSOFT CORP | 0.03% | 1,910 | $707,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.02% | 3,753 | $500,000 |
| NVO | NOVO-NORDISK A S | 0.02% | 12,400 | $456,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.48% | 505,984 | $254,333,000 |
| META | META PLATFORMS INC | 6.90% | 313,449 | $206,905,000 |
| AME | AMETEK INC | 6.71% | 979,458 | $201,093,000 |
| GOOG | ALPHABET INC C | 6.69% | 639,507 | $200,677,000 |
| HEI/A | HEICO CORP NEW | 6.35% | 754,532 | $190,467,000 |
| SCHW | SCHWAB CHARLES CORP | 5.28% | 1,585,661 | $158,423,000 |
| MEDP | MEDPACE HOLDINGS INC | 4.93% | 263,320 | $147,894,000 |
| V | VISA INC | 4.77% | 407,345 | $142,860,000 |
| IBP | INSTALLED BLDG PRODS INC | 4.49% | 519,236 | $134,685,000 |
| PGR | PROGRESSIVE CORP | 4.08% | 536,832 | $122,247,000 |
| FIVE | FIVE BELOW INC | 4.01% | 637,747 | $120,126,000 |
| BKNG | BOOKING HOLDINGS INC. | 3.83% | 21,445 | $114,845,000 |
| GOOGL | ALPHABET INC | 3.77% | 361,398 | $113,118,000 |
| NVR | NVR INC | 3.43% | 14,112 | $102,916,000 |
| MKL | MARKEL CORP | 3.15% | 43,978 | $94,537,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 2.80% | 214,264 | $83,803,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 2.26% | 334,046 | $67,875,000 |
| DIS | DISNEY WALT CO | 2.07% | 544,419 | $61,939,000 |
| BRO | BROWN & BROWN | 2.05% | 772,520 | $61,570,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 1.94% | 1,264,042 | $58,171,000 |
| RMD | RESMED INC | 1.89% | 235,388 | $56,698,000 |
| ANET | ARISTA NETWORKS INC | 1.83% | 419,158 | $54,922,000 |
| ADI | ANALOG DEVICES INC | 1.60% | 176,747 | $47,934,000 |
| BFAM | BRIGHT HORIZONSFAMILY SOLUTION | 1.39% | 410,196 | $41,594,000 |
| LULU | LULULEMON ATHLETICA INC | 1.00% | 144,237 | $29,974,000 |
| LFUS | LITTELFUSE INC | 0.69% | 81,585 | $20,634,000 |
| JPM | JPMORGAN CHASE & CO | 0.56% | 51,838 | $16,703,000 |
| MA | MASTERCARD INCORPORATED | 0.55% | 28,759 | $16,418,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.48% | 235,876 | $14,362,000 |
| TWFG | TWFG INC | 0.32% | 331,511 | $9,538,000 |
| BLDR | BUILDERS FIRSTSOURCE INC | 0.31% | 89,984 | $9,258,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.28% | 11 | $8,303,000 |
| FERG | FERGUSON ENTERPRISES INC | 0.27% | 36,374 | $8,098,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.16% | 16,069 | $4,837,000 |
| AAPL | APPLE INC | 0.15% | 16,518 | $4,491,000 |
| COF | CAPITAL ONE FC | 0.07% | 8,274 | $2,005,000 |
| YUMC | YUM CHINA HLDGS INC | 0.06% | 36,036 | $1,720,000 |
| SPY | SPDR S&P 500 ETF | 0.06% | 2,474 | $1,687,000 |
| GLD | SPDR GOLD TR | 0.05% | 3,876 | $1,536,000 |
| MTB | M & T BK CORP | 0.05% | 7,540 | $1,519,000 |
| ITB | ISHARES TR | 0.04% | 11,698 | $1,127,000 |
| BIRK | BIRKENSTOCK HLDG PLC | 0.04% | 27,392 | $1,120,000 |
| CPRT | COPART INC | 0.04% | 27,484 | $1,076,000 |
| MSFT | MICROSOFT CORP | 0.03% | 1,704 | $824,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.03% | 5,255 | $824,000 |
| NVO | NOVO-NORDISK A S | 0.02% | 12,400 | $631,000 |
| DFH | DREAM FINDERS HOMES | 0.02% | 32,202 | $551,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.02% | 3,753 | $467,000 |
| ISRG | INTUITIVE SURGICAL INC | 0.01% | 405 | $229,000 |
| COST | COSTCO WHSL CORP NEW | 0.01% | 240 | $207,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.19% | 510,644 | $256,721,000 |
| META | META PLATFORMS INC | 7.30% | 311,810 | $228,987,000 |
| BLDR | BUILDERS FIRSTSOURCE INC | 6.22% | 87,096 | $194,921,000 |
| HEI/A | HEICO CORP NEW | 6.07% | 749,501 | $190,441,000 |
| AME | AMETEK INC | 5.98% | 996,676 | $187,375,000 |
| GOOG | ALPHABET INC C | 4.96% | 638,213 | $155,437,000 |
| SCHW | SCHWAB CHARLES CORP | 4.80% | 1,575,776 | $150,439,000 |
| V | VISA INC | 4.42% | 405,520 | $138,436,000 |
| MEDP | MEDPACE HOLDINGS INC | 4.29% | 261,802 | $134,608,000 |
| PGR | PROGRESSIVE CORP | 4.20% | 533,889 | $131,844,000 |
| IBP | INSTALLED BLDG PRODS INC | 4.05% | 514,736 | $126,965,000 |
| BKNG | BOOKING HOLDINGS INC. | 3.68% | 21,343 | $115,237,000 |
| NVR | NVR INC | 3.61% | 14,075 | $113,088,000 |
| FIVE | FIVE BELOW INC | 3.14% | 637,090 | $98,558,000 |
| GOOGL | ALPHABET INC | 2.78% | 359,143 | $87,308,000 |
| FISV | FISERV INC | 2.68% | 651,257 | $83,967,000 |
| MKL | MARKEL CORP | 2.67% | 43,829 | $83,773,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 2.58% | 190,462 | $80,996,000 |
| KMX | CARMAX INC | 2.39% | 1,670,114 | $74,938,000 |
| RMD | RESMED INC | 2.06% | 235,418 | $64,441,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 2.05% | 1,261,960 | $64,335,000 |
| ANET | ARISTA NETWORKS INC | 1.92% | 412,399 | $60,091,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 1.86% | 333,927 | $58,411,000 |
| ADI | ANALOG DEVICES INC | 1.38% | 176,468 | $43,358,000 |
| BRO | BROWN & BROWN | 0.96% | 322,246 | $30,223,000 |
| DIS | DISNEY WALT CO | 0.95% | 260,400 | $29,816,000 |
| LULU | LULULEMON ATHLETICA INC | 0.82% | 144,001 | $25,622,000 |
| LFUS | LITTELFUSE INC | 0.67% | 81,257 | $21,046,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.56% | 236,148 | $17,404,000 |
| JPM | JPMORGAN CHASE & CO | 0.51% | 50,705 | $15,994,000 |
| MA | MASTERCARD INCORPORATED | 0.50% | 27,724 | $15,770,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.27% | 11 | $8,472,000 |
| TWFG | TWFG INC | 0.26% | 300,317 | $8,241,000 |
| FERG | FERGUSON ENTERPRISES INC | 0.25% | 35,503 | $7,973,000 |
| ALGN | ALIGN TECHNOLOGY INC | 0.18% | 45,691 | $5,721,000 |
| AAPL | APPLE INC | 0.14% | 16,875 | $4,297,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.08% | 6,874 | $2,585,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.07% | 8,163 | $2,280,000 |
| COF | CAPITAL ONE FC | 0.06% | 8,275 | $1,759,000 |
| SPY | SPDR S&P 500 ETF | 0.05% | 2,474 | $1,648,000 |
| YUMC | YUM CHINA HLDGS INC | 0.05% | 36,036 | $1,547,000 |
| MTB | M & T BK CORP | 0.05% | 7,540 | $1,490,000 |
| GLD | SPDR GOLD TR | 0.04% | 3,876 | $1,378,000 |
| ITB | ISHARES TR | 0.04% | 11,561 | $1,240,000 |
| BIRK | BIRKENSTOCK HLDG PLC | 0.04% | 27,392 | $1,239,000 |
| CPRT | COPART INC | 0.04% | 27,484 | $1,236,000 |
| MSFT | MICROSOFT CORP | 0.03% | 1,703 | $882,000 |
| DFH | DREAM FINDERS HOMES | 0.03% | 32,202 | $835,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.02% | 5,255 | $740,000 |
| NVO | NOVO-NORDISK A S | 0.02% | 12,400 | $688,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.02% | 3,753 | $483,000 |
| COST | COSTCO WHSL CORP NEW | 0.01% | 240 | $222,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.70% | 510,644 | $256,721,000 |
| META | META PLATFORMS INC | 7.76% | 311,810 | $228,987,000 |
| HEI/A | HEICO CORP NEW | 6.45% | 749,501 | $190,441,000 |
| AME | AMETEK INC | 6.35% | 996,676 | $187,375,000 |
| GOOG | ALPHABET INC C | 5.27% | 638,213 | $155,437,000 |
| SCHW | SCHWAB CHARLES CORP | 5.10% | 1,575,776 | $150,439,000 |
| V | VISA INC | 4.69% | 405,520 | $138,436,000 |
| MEDP | MEDPACE HOLDINGS INC | 4.56% | 261,802 | $134,608,000 |
| PGR | PROGRESSIVE CORP | 4.47% | 533,889 | $131,844,000 |
| IBP | INSTALLED BLDG PRODS INC | 4.30% | 514,736 | $126,965,000 |
| BKNG | BOOKING HOLDINGS INC. | 3.90% | 21,343 | $115,237,000 |
| NVR | NVR INC | 3.83% | 14,075 | $113,088,000 |
| FIVE | FIVE BELOW INC | 3.34% | 637,090 | $98,558,000 |
| GOOGL | ALPHABET INC | 2.96% | 359,143 | $87,308,000 |
| FISV | FISERV INC | 2.85% | 651,257 | $83,967,000 |
| MKL | MARKEL CORP | 2.84% | 43,829 | $83,773,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 2.74% | 190,462 | $80,996,000 |
| KMX | CARMAX INC | 2.54% | 1,670,114 | $74,938,000 |
| RMD | RESMED INC | 2.18% | 235,418 | $64,441,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 2.18% | 1,261,960 | $64,335,000 |
| ANET | ARISTA NETWORKS INC | 2.04% | 412,399 | $60,091,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 1.98% | 333,927 | $58,411,000 |
| ADI | ANALOG DEVICES INC | 1.47% | 176,468 | $43,358,000 |
| BRO | BROWN & BROWN | 1.02% | 322,246 | $30,223,000 |
| DIS | DISNEY WALT CO | 1.01% | 260,400 | $29,816,000 |
| LULU | LULULEMON ATHLETICA INC | 0.87% | 144,001 | $25,622,000 |
| LFUS | LITTELFUSE INC | 0.71% | 81,257 | $21,046,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.59% | 236,148 | $17,404,000 |
| JPM | JPMORGAN CHASE & CO | 0.54% | 50,705 | $15,994,000 |
| MA | MASTERCARD INCORPORATED | 0.53% | 27,724 | $15,770,000 |
| BLDR | BUILDERS FIRSTSOURCE INC | 0.36% | 87,096 | $10,560,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.29% | 11 | $8,472,000 |
| TWFG | TWFG INC | 0.28% | 300,317 | $8,241,000 |
| FERG | FERGUSON ENTERPRISES INC | 0.27% | 35,503 | $7,973,000 |
| ALGN | ALIGN TECHNOLOGY INC | 0.19% | 45,691 | $5,721,000 |
| AAPL | APPLE INC | 0.15% | 16,875 | $4,297,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.09% | 6,874 | $2,585,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.08% | 8,163 | $2,280,000 |
| COF | CAPITAL ONE FC | 0.06% | 8,275 | $1,759,000 |
| SPY | SPDR S&P 500 ETF | 0.06% | 2,474 | $1,648,000 |
| YUMC | YUM CHINA HLDGS INC | 0.05% | 36,036 | $1,547,000 |
| MTB | M & T BK CORP | 0.05% | 7,540 | $1,490,000 |
| GLD | SPDR GOLD TR | 0.05% | 3,876 | $1,378,000 |
| ITB | ISHARES TR | 0.04% | 11,561 | $1,240,000 |
| BIRK | BIRKENSTOCK HLDG PLC | 0.04% | 27,392 | $1,239,000 |
| CPRT | COPART INC | 0.04% | 27,484 | $1,236,000 |
| MSFT | MICROSOFT CORP | 0.03% | 1,703 | $882,000 |
| DFH | DREAM FINDERS HOMES | 0.03% | 32,202 | $835,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.03% | 5,255 | $740,000 |
| NVO | NOVO-NORDISK A S | 0.02% | 12,400 | $688,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.02% | 3,753 | $483,000 |
| COST | COSTCO WHSL CORP NEW | 0.01% | 240 | $222,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 7.87% | 510,644 | $256,721,000 |
| META | META PLATFORMS INC | 7.02% | 311,810 | $228,987,000 |
| BLDR | BUILDERS FIRSTSOURCE INC | 5.98% | 87,096 | $194,921,000 |
| HEI/A | HEICO CORP NEW | 5.84% | 749,501 | $190,441,000 |
| AME | AMETEK INC | 5.75% | 996,676 | $187,375,000 |
| GOOG | ALPHABET INC C | 4.77% | 638,213 | $155,437,000 |
| SCHW | SCHWAB CHARLES CORP | 4.61% | 1,575,776 | $150,439,000 |
| V | VISA INC | 4.24% | 405,520 | $138,436,000 |
| MEDP | MEDPACE HOLDINGS INC | 4.13% | 261,802 | $134,608,000 |
| PGR | PROGRESSIVE CORP | 4.04% | 533,889 | $131,844,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 3.93% | 458,603 | $128,083,000 |
| IBP | INSTALLED BLDG PRODS INC | 3.89% | 514,736 | $126,965,000 |
| BKNG | BOOKING HOLDINGS INC. | 3.53% | 21,343 | $115,237,000 |
| NVR | NVR INC | 3.47% | 14,075 | $113,088,000 |
| FIVE | FIVE BELOW INC | 3.02% | 637,090 | $98,558,000 |
| GOOGL | ALPHABET INC | 2.68% | 359,143 | $87,308,000 |
| FISV | FISERV INC | 2.57% | 651,257 | $83,967,000 |
| MKL | MARKEL CORP | 2.57% | 43,829 | $83,773,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 2.48% | 190,462 | $80,996,000 |
| KMX | CARMAX INC | 2.30% | 1,670,114 | $74,938,000 |
| RMD | RESMED INC | 1.98% | 235,418 | $64,441,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 1.97% | 1,261,960 | $64,335,000 |
| ANET | ARISTA NETWORKS INC | 1.84% | 412,399 | $60,091,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 1.79% | 333,927 | $58,411,000 |
| ADI | ANALOG DEVICES INC | 1.33% | 176,468 | $43,358,000 |
| BRO | BROWN & BROWN | 0.93% | 322,246 | $30,223,000 |
| DIS | DISNEY WALT CO | 0.91% | 260,400 | $29,816,000 |
| LULU | LULULEMON ATHLETICA INC | 0.79% | 144,001 | $25,622,000 |
| LFUS | LITTELFUSE INC | 0.65% | 81,257 | $21,046,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.53% | 236,148 | $17,404,000 |
| JPM | JPMORGAN CHASE & CO | 0.49% | 50,705 | $15,994,000 |
| MA | MASTERCARD INCORPORATED | 0.48% | 27,724 | $15,770,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.26% | 11 | $8,472,000 |
| TWFG | TWFG INC | 0.25% | 300,317 | $8,241,000 |
| FERG | FERGUSON ENTERPRISES INC | 0.24% | 35,503 | $7,973,000 |
| ALGN | ALIGN TECHNOLOGY INC | 0.18% | 45,691 | $5,721,000 |
| AAPL | APPLE INC | 0.13% | 16,875 | $4,297,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.08% | 6,874 | $2,585,000 |
| COF | CAPITAL ONE FC | 0.05% | 8,275 | $1,759,000 |
| SPY | SPDR S&P 500 ETF | 0.05% | 2,474 | $1,648,000 |
| YUMC | YUM CHINA HLDGS INC | 0.05% | 36,036 | $1,547,000 |
| MTB | M & T BK CORP | 0.05% | 7,540 | $1,490,000 |
| GLD | SPDR GOLD TR | 0.04% | 3,876 | $1,378,000 |
| ITB | ISHARES TR | 0.04% | 11,561 | $1,240,000 |
| BIRK | BIRKENSTOCK HLDG PLC | 0.04% | 27,392 | $1,239,000 |
| CPRT | COPART INC | 0.04% | 27,484 | $1,236,000 |
| MSFT | MICROSOFT CORP | 0.03% | 1,703 | $882,000 |
| DFH | DREAM FINDERS HOMES | 0.03% | 32,202 | $835,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.02% | 5,255 | $740,000 |
| NVO | NOVO-NORDISK A S | 0.02% | 12,400 | $688,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.01% | 3,753 | $483,000 |
| COST | COSTCO WHSL CORP NEW | 0.01% | 240 | $222,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.53% | 511,784 | $248,609,000 |
| META | META PLATFORMS INC | 8.07% | 318,902 | $235,378,000 |
| HEI/A | HEICO CORP NEW | 6.65% | 749,492 | $193,931,000 |
| AME | AMETEK INC | 6.18% | 996,344 | $180,298,000 |
| SCHW | SCHWAB CHARLES CORP | 4.90% | 1,567,495 | $143,018,000 |
| V | VISA INC | 4.89% | 401,297 | $142,481,000 |
| PGR | PROGRESSIVE CORP | 4.76% | 520,367 | $138,865,000 |
| BKNG | BOOKING HOLDINGS INC. | 4.23% | 21,290 | $123,253,000 |
| GOOG | ALPHABET INC C | 3.98% | 653,717 | $115,963,000 |
| FISV | FISERV INC | 3.83% | 648,574 | $111,821,000 |
| KMX | CARMAX INC | 3.82% | 1,655,930 | $111,295,000 |
| NVR | NVR INC | 3.56% | 14,038 | $103,680,000 |
| IBP | INSTALLED BLDG PRODS INC | 3.18% | 514,459 | $92,767,000 |
| MKL | MARKEL CORP | 2.99% | 43,696 | $87,277,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 2.97% | 179,153 | $86,692,000 |
| MEDP | MEDPACE HOLDINGS INC | 2.82% | 261,755 | $82,154,000 |
| FIVE | FIVE BELOW INC | 2.82% | 625,871 | $82,102,000 |
| SBUX | STARBUCKS CORP | 2.36% | 750,248 | $68,745,000 |
| GOOGL | ALPHABET INC | 2.29% | 379,617 | $66,900,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 2.03% | 1,258,996 | $59,248,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 1.87% | 333,585 | $54,661,000 |
| ANET | ARISTA NETWORKS INC | 1.69% | 482,561 | $49,371,000 |
| BAC | BANK AMERICA CORP | 1.63% | 1,004,119 | $47,515,000 |
| ADI | ANALOG DEVICES INC | 1.44% | 176,111 | $41,918,000 |
| BRO | BROWN & BROWN | 1.22% | 321,637 | $35,660,000 |
| LULU | LULULEMON ATHLETICA INC | 1.17% | 143,977 | $34,206,000 |
| DIS | DISNEY WALT CO | 1.11% | 260,475 | $32,302,000 |
| LFUS | LITTELFUSE INC | 0.63% | 81,112 | $18,391,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.61% | 235,831 | $17,914,000 |
| MA | MASTERCARD INCORPORATED | 0.54% | 27,841 | $15,645,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.53% | 30,501 | $15,538,000 |
| JPM | JPMORGAN CHASE & CO | 0.51% | 50,950 | $14,771,000 |
| BLDR | BUILDERS FIRSTSOURCE INC | 0.35% | 87,317 | $10,189,000 |
| ALGN | ALIGN TECHNOLOGY INC | 0.30% | 46,358 | $8,777,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.27% | 11 | $8,017,000 |
| FERG | FERGUSON ENTERPRISES INC | 0.27% | 35,679 | $7,769,000 |
| TWFG | TWFG INC | 0.21% | 177,848 | $6,225,000 |
| AAPL | APPLE INC | 0.12% | 16,976 | $3,483,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.09% | 11,550 | $2,616,000 |
| COF | CAPITAL ONE FC | 0.07% | 9,274 | $1,973,000 |
| YUMC | YUM CHINA HLDGS INC | 0.06% | 36,036 | $1,611,000 |
| SPY | SPDR S&P 500 ETF | 0.05% | 2,474 | $1,529,000 |
| MTB | M & T BK CORP | 0.05% | 7,540 | $1,463,000 |
| CPRT | COPART INC | 0.05% | 27,484 | $1,349,000 |
| BIRK | BIRKENSTOCK HLDG PLC | 0.05% | 27,392 | $1,347,000 |
| GLD | SPDR GOLD TR | 0.04% | 3,876 | $1,182,000 |
| MSFT | MICROSOFT CORP | 0.04% | 2,303 | $1,146,000 |
| ITB | ISHARES TR | 0.04% | 11,518 | $1,073,000 |
| NVO | NOVO-NORDISK A S | 0.03% | 12,400 | $856,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.03% | 5,255 | $853,000 |
| DFH | DREAM FINDERS HOMES | 0.03% | 32,202 | $809,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.02% | 3,753 | $454,000 |
| AMZN | AMAZON COM INC | 0.01% | 1,174 | $258,000 |
| COST | COSTCO WHSL CORP NEW | 0.01% | 240 | $238,000 |
| ISRG | INTUITIVE SURGICAL INC | 0.01% | 405 | $220,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 9.88% | 503,332 | $268,065,000 |
| META | META PLATFORMS INC | 6.70% | 315,144 | $181,636,000 |
| AME | AMETEK INC | 6.20% | 977,434 | $168,255,000 |
| HEI/A | HEICO CORP NEW | 5.77% | 742,011 | $156,542,000 |
| PGR | PROGRESSIVE CORP | 5.52% | 529,154 | $149,756,000 |
| FISV | FISERV INC | 5.13% | 629,633 | $139,042,000 |
| V | VISA INC | 5.08% | 393,549 | $137,923,000 |
| KMX | CARMAX INC | 4.72% | 1,641,622 | $127,915,000 |
| GOOG | ALPHABET INC C | 4.35% | 755,109 | $117,971,000 |
| NVR | NVR INC | 3.60% | 13,490 | $97,727,000 |
| BKNG | BOOKING HOLDINGS INC. | 3.59% | 21,132 | $97,353,000 |
| IBP | INSTALLED BLDG PRODS INC | 3.21% | 508,073 | $87,114,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 3.05% | 169,967 | $82,725,000 |
| MKL | MARKEL CORP | 2.99% | 43,402 | $81,145,000 |
| MEDP | MEDPACE HOLDINGS INC | 2.83% | 251,937 | $76,763,000 |
| SCHW | SCHWAB CHARLES CORP | 2.74% | 949,066 | $74,293,000 |
| SBUX | STARBUCKS CORP | 2.70% | 746,686 | $73,242,000 |
| MTB | M & T BK CORP | 2.42% | 367,532 | $65,696,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 1.94% | 1,209,513 | $52,553,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 1.83% | 331,011 | $49,576,000 |
| FIVE | FIVE BELOW INC | 1.72% | 621,590 | $46,573,000 |
| BAC | BANK AMERICA CORP | 1.54% | 998,001 | $41,647,000 |
| LULU | LULULEMON ATHLETICA INC | 1.49% | 143,169 | $40,525,000 |
| GOOGL | ALPHABET INC | 1.46% | 255,940 | $39,579,000 |
| BRO | BROWN & BROWN | 1.35% | 294,603 | $36,649,000 |
| — | ARISTA NETWORKS INC | 1.33% | 466,528 | $36,147,000 |
| ADI | ANALOG DEVICES INC | 1.27% | 171,340 | $34,554,000 |
| DIS | DISNEY WALT CO | 0.90% | 247,503 | $24,429,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.69% | 233,878 | $18,820,000 |
| LFUS | LITTELFUSE INC | 0.58% | 80,504 | $15,838,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.57% | 29,851 | $15,414,000 |
| MA | MASTERCARD INCORPORATED | 0.55% | 27,043 | $14,823,000 |
| JPM | JPMORGAN CHASE & CO | 0.40% | 44,483 | $10,912,000 |
| BLDR | BUILDERS FIRSTSOURCE INC | 0.38% | 82,445 | $10,301,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.32% | 11 | $8,783,000 |
| ALGN | ALIGN TECHNOLOGY INC | 0.26% | 45,135 | $7,170,000 |
| FERG | FERGUSON ENTERPRISES INC | 0.20% | 34,386 | $5,510,000 |
| COF | CAPITAL ONE FC | 0.08% | 12,274 | $2,201,000 |
| AAPL | APPLE INC | 0.08% | 9,367 | $2,081,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.07% | 11,550 | $1,917,000 |
| YUMC | YUM CHINA HLDGS INC | 0.07% | 36,036 | $1,876,000 |
| CPRT | COPART INC | 0.06% | 27,484 | $1,555,000 |
| SPY | SPDR S&P 500 ETF | 0.05% | 2,567 | $1,436,000 |
| — | BLACKROCK ISHS PRM MM ETF | 0.05% | 12,876 | $1,293,000 |
| BIRK | BIRKENSTOCK HLDG PLC | 0.05% | 27,392 | $1,256,000 |
| GLD | SPDR GOLD TR | 0.04% | 3,898 | $1,123,000 |
| ITB | ISHARES TR | 0.04% | 10,961 | $1,044,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.03% | 5,255 | $869,000 |
| NVO | NOVO-NORDISK A S | 0.03% | 12,400 | $861,000 |
| MSFT | MICROSOFT CORP | 0.03% | 1,987 | $746,000 |
| DFH | DREAM FINDERS HOMES | 0.03% | 32,202 | $726,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.02% | 3,753 | $456,000 |
| COST | COSTCO WHSL CORP NEW | 0.01% | 240 | $227,000 |
| ISRG | INTUITIVE SURGICAL INC | 0.01% | 405 | $201,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 9.88% | 503,332 | $268,065,000 |
| META | META PLATFORMS INC | 6.70% | 315,144 | $181,636,000 |
| AME | AMETEK INC | 6.20% | 977,434 | $168,255,000 |
| HEI/A | HEICO CORP NEW | 5.77% | 742,011 | $156,542,000 |
| PGR | PROGRESSIVE CORP | 5.52% | 529,154 | $149,756,000 |
| FISV | FISERV INC | 5.13% | 629,633 | $139,042,000 |
| V | VISA INC | 5.08% | 393,549 | $137,923,000 |
| KMX | CARMAX INC | 4.72% | 1,641,622 | $127,915,000 |
| GOOG | ALPHABET INC C | 3.75% | 651,446 | $101,775,000 |
| NVR | NVR INC | 3.60% | 13,490 | $97,727,000 |
| BKNG | BOOKING HOLDINGS INC. | 3.59% | 21,132 | $97,353,000 |
| IBP | INSTALLED BLDG PRODS INC | 3.21% | 508,073 | $87,114,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 3.05% | 169,967 | $82,725,000 |
| MKL | MARKEL CORP | 2.99% | 43,402 | $81,145,000 |
| MEDP | MEDPACE HOLDINGS INC | 2.83% | 251,937 | $76,763,000 |
| SCHW | SCHWAB CHARLES CORP | 2.74% | 949,066 | $74,293,000 |
| SBUX | STARBUCKS CORP | 2.70% | 746,686 | $73,242,000 |
| MTB | M & T BK CORP | 2.42% | 367,532 | $65,696,000 |
| GOOGL | ALPHABET INC | 2.05% | 359,603 | $55,609,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 1.94% | 1,209,513 | $52,553,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 1.83% | 331,011 | $49,576,000 |
| FIVE | FIVE BELOW INC | 1.72% | 621,590 | $46,573,000 |
| BAC | BANK AMERICA CORP | 1.54% | 998,001 | $41,647,000 |
| LULU | LULULEMON ATHLETICA INC | 1.49% | 143,169 | $40,525,000 |
| BRO | BROWN & BROWN | 1.35% | 294,603 | $36,649,000 |
| — | ARISTA NETWORKS INC | 1.33% | 466,528 | $36,147,000 |
| ADI | ANALOG DEVICES INC | 1.27% | 171,340 | $34,554,000 |
| DIS | DISNEY WALT CO | 0.90% | 247,503 | $24,429,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.69% | 233,878 | $18,820,000 |
| LFUS | LITTELFUSE INC | 0.58% | 80,504 | $15,838,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.57% | 29,851 | $15,414,000 |
| MA | MASTERCARD INCORPORATED | 0.55% | 27,043 | $14,823,000 |
| JPM | JPMORGAN CHASE & CO | 0.40% | 44,483 | $10,912,000 |
| BLDR | BUILDERS FIRSTSOURCE INC | 0.38% | 82,445 | $10,301,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.32% | 11 | $8,783,000 |
| ALGN | ALIGN TECHNOLOGY INC | 0.26% | 45,135 | $7,170,000 |
| FERG | FERGUSON ENTERPRISES INC | 0.20% | 34,386 | $5,510,000 |
| COF | CAPITAL ONE FC | 0.08% | 12,274 | $2,201,000 |
| AAPL | APPLE INC | 0.08% | 9,367 | $2,081,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.07% | 11,550 | $1,917,000 |
| YUMC | YUM CHINA HLDGS INC | 0.07% | 36,036 | $1,876,000 |
| CPRT | COPART INC | 0.06% | 27,484 | $1,555,000 |
| SPY | SPDR S&P 500 ETF | 0.05% | 2,567 | $1,436,000 |
| — | BLACKROCK ISHS PRM MM ETF | 0.05% | 12,876 | $1,293,000 |
| BIRK | BIRKENSTOCK HLDG PLC | 0.05% | 27,392 | $1,256,000 |
| GLD | SPDR GOLD TR | 0.04% | 3,898 | $1,123,000 |
| ITB | ISHARES TR | 0.04% | 10,961 | $1,044,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.03% | 5,255 | $869,000 |
| NVO | NOVO-NORDISK A S | 0.03% | 12,400 | $861,000 |
| MSFT | MICROSOFT CORP | 0.03% | 1,987 | $746,000 |
| DFH | DREAM FINDERS HOMES | 0.03% | 32,202 | $726,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.02% | 3,753 | $456,000 |
| COST | COSTCO WHSL CORP NEW | 0.01% | 240 | $227,000 |
| ISRG | INTUITIVE SURGICAL INC | 0.01% | 405 | $201,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.38% | 505,550 | $229,156,000 |
| META | META PLATFORMS INC | 6.74% | 315,095 | $184,491,000 |
| AME | AMETEK INC | 6.42% | 974,459 | $175,656,000 |
| HEI/A | HEICO CORP NEW | 5.04% | 741,655 | $138,007,000 |
| KMX | CARMAX INC | 5.03% | 1,682,869 | $137,591,000 |
| PGR | PROGRESSIVE CORP | 4.78% | 545,856 | $130,793,000 |
| FISV | FISERV INC | 4.73% | 630,254 | $129,467,000 |
| V | VISA INC | 4.57% | 395,717 | $125,062,000 |
| GOOG | ALPHABET INC C | 4.56% | 655,037 | $124,745,000 |
| NVR | NVR INC | 4.05% | 13,558 | $110,890,000 |
| BKNG | BOOKING HOLDINGS INC. | 3.85% | 21,177 | $105,216,000 |
| IBP | INSTALLED BLDG PRODS INC | 3.23% | 504,735 | $88,455,000 |
| MEDP | MEDPACE HOLDINGS INC | 2.84% | 234,287 | $77,837,000 |
| FIVE | FIVE BELOW INC | 2.81% | 732,110 | $76,842,000 |
| MKL | MARKEL CORP | 2.73% | 43,331 | $74,799,000 |
| SCHW | SCHWAB CHARLES CORP | 2.56% | 947,927 | $70,156,000 |
| MTB | M & T BK CORP | 2.53% | 367,581 | $69,109,000 |
| SBUX | STARBUCKS CORP | 2.50% | 749,372 | $68,380,000 |
| GOOGL | ALPHABET INC | 2.47% | 356,828 | $67,548,000 |
| LULU | LULULEMON ATHLETICA INC | 2.00% | 143,368 | $54,825,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 1.97% | 1,212,438 | $53,990,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 1.95% | 331,845 | $53,304,000 |
| — | ARISTA NETWORKS INC | 1.66% | 410,428 | $45,365,000 |
| BAC | BANK AMERICA CORP | 1.61% | 1,000,978 | $43,993,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 1.54% | 90,759 | $42,215,000 |
| ADI | ANALOG DEVICES INC | 1.33% | 171,775 | $36,495,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 1.16% | 463,140 | $31,646,000 |
| BRO | BROWN & BROWN | 1.10% | 294,809 | $30,076,000 |
| DIS | DISNEY WALT CO | 1.01% | 248,218 | $27,639,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.85% | 233,921 | $23,322,000 |
| LFUS | LITTELFUSE INC | 0.69% | 80,615 | $18,997,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.51% | 29,558 | $13,876,000 |
| MA | MASTERCARD INCORPORATED | 0.51% | 26,275 | $13,836,000 |
| JPM | JPMORGAN CHASE & CO | 0.38% | 43,862 | $10,514,000 |
| ALGN | ALIGN TECHNOLOGY INC | 0.33% | 43,006 | $8,967,000 |
| FERG | FERGUSON ENTERPRISES INC | 0.21% | 33,708 | $5,851,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.20% | 8 | $5,447,000 |
| AAPL | APPLE INC | 0.16% | 16,976 | $4,251,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.11% | 14,638 | $2,891,000 |
| SPY | SPDR S&P 500 ETF | 0.10% | 4,752 | $2,785,000 |
| COF | CAPITAL ONE FC | 0.10% | 14,774 | $2,635,000 |
| ICE | INTERCONTINENTAL EXCHANGE IN | 0.09% | 16,799 | $2,503,000 |
| YUMC | YUM CHINA HLDGS INC | 0.06% | 36,036 | $1,736,000 |
| CPRT | COPART INC | 0.06% | 27,484 | $1,577,000 |
| BIRK | BIRKENSTOCK HLDG PLC | 0.06% | 27,392 | $1,552,000 |
| UNH | UNITEDHEALTH GRP INC | 0.04% | 2,364 | $1,196,000 |
| LBRDK | LIBERTY BROADBAND CORP | 0.04% | 15,000 | $1,121,000 |
| ITB | ISHARES TR | 0.04% | 10,432 | $1,079,000 |
| NVO | NOVO-NORDISK A S | 0.04% | 12,400 | $1,067,000 |
| GLD | SPDR GOLD TR | 0.04% | 4,206 | $1,018,000 |
| MSFT | MICROSOFT CORP | 0.04% | 2,354 | $992,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.03% | 5,255 | $927,000 |
| DFH | DREAM FINDERS HOMES | 0.03% | 32,202 | $749,000 |
| SLV | ISHARES SILVER TR | 0.02% | 23,000 | $606,000 |
| J | JACOBS SOLUTIONS INC | 0.02% | 4,394 | $587,000 |
| GBTC | GRAYSCALE BITCOIN TR BTC | 0.02% | 7,442 | $551,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.02% | 3,753 | $495,000 |
| CAPE | DOUBLELINE SHILLER ENHANCED CAPE I | 0.01% | 10,645 | $319,000 |
| VOO | VANGUARD 500 INDX ETF-NEW | 0.01% | 584 | $315,000 |
| COST | COSTCO WHSL CORP NEW | 0.01% | 240 | $220,000 |
| ISRG | INTUITIVE SURGICAL INC | 0.01% | 405 | $211,000 |
| EW | EDWARDS LIFESCIENCES CORP | 0.00% | 257 | $19,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.38% | 505,550 | $229,156,000 |
| META | META PLATFORMS INC | 6.74% | 315,095 | $184,491,000 |
| AME | AMETEK INC | 6.42% | 974,459 | $175,656,000 |
| GOOG | ALPHABET INC C | 5.26% | 755,342 | $143,847,000 |
| HEI/A | HEICO CORP NEW | 5.04% | 741,655 | $138,007,000 |
| KMX | CARMAX INC | 5.03% | 1,682,869 | $137,591,000 |
| PGR | PROGRESSIVE CORP | 4.78% | 545,856 | $130,793,000 |
| FISV | FISERV INC | 4.73% | 630,254 | $129,467,000 |
| V | VISA INC | 4.57% | 395,717 | $125,062,000 |
| NVR | NVR INC | 4.05% | 13,558 | $110,890,000 |
| BKNG | BOOKING HOLDINGS INC. | 3.85% | 21,177 | $105,216,000 |
| IBP | INSTALLED BLDG PRODS INC | 3.23% | 504,735 | $88,455,000 |
| MEDP | MEDPACE HOLDINGS INC | 2.84% | 234,287 | $77,837,000 |
| FIVE | FIVE BELOW INC | 2.81% | 732,110 | $76,842,000 |
| MKL | MARKEL CORP | 2.73% | 43,331 | $74,799,000 |
| SCHW | SCHWAB CHARLES CORP | 2.56% | 947,927 | $70,156,000 |
| MTB | M & T BK CORP | 2.53% | 367,581 | $69,109,000 |
| SBUX | STARBUCKS CORP | 2.50% | 749,372 | $68,380,000 |
| LULU | LULULEMON ATHLETICA INC | 2.00% | 143,368 | $54,825,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 1.97% | 1,212,438 | $53,990,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 1.95% | 331,845 | $53,304,000 |
| GOOGL | ALPHABET INC | 1.77% | 256,523 | $48,560,000 |
| — | ARISTA NETWORKS INC | 1.66% | 410,428 | $45,365,000 |
| BAC | BANK AMERICA CORP | 1.61% | 1,000,978 | $43,993,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 1.54% | 90,759 | $42,215,000 |
| ADI | ANALOG DEVICES INC | 1.33% | 171,775 | $36,495,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 1.16% | 463,140 | $31,646,000 |
| BRO | BROWN & BROWN | 1.10% | 294,809 | $30,076,000 |
| DIS | DISNEY WALT CO | 1.01% | 248,218 | $27,639,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.85% | 233,921 | $23,322,000 |
| LFUS | LITTELFUSE INC | 0.69% | 80,615 | $18,997,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.51% | 29,558 | $13,876,000 |
| MA | MASTERCARD INCORPORATED | 0.51% | 26,275 | $13,836,000 |
| JPM | JPMORGAN CHASE & CO | 0.38% | 43,862 | $10,514,000 |
| ALGN | ALIGN TECHNOLOGY INC | 0.33% | 43,006 | $8,967,000 |
| FERG | FERGUSON ENTERPRISES INC | 0.21% | 33,708 | $5,851,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.20% | 8 | $5,447,000 |
| AAPL | APPLE INC | 0.16% | 16,976 | $4,251,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.11% | 14,638 | $2,891,000 |
| SPY | SPDR S&P 500 ETF | 0.10% | 4,752 | $2,785,000 |
| COF | CAPITAL ONE FC | 0.10% | 14,774 | $2,635,000 |
| ICE | INTERCONTINENTAL EXCHANGE IN | 0.09% | 16,799 | $2,503,000 |
| YUMC | YUM CHINA HLDGS INC | 0.06% | 36,036 | $1,736,000 |
| CPRT | COPART INC | 0.06% | 27,484 | $1,577,000 |
| BIRK | BIRKENSTOCK HLDG PLC | 0.06% | 27,392 | $1,552,000 |
| UNH | UNITEDHEALTH GRP INC | 0.04% | 2,364 | $1,196,000 |
| LBRDK | LIBERTY BROADBAND CORP | 0.04% | 15,000 | $1,121,000 |
| ITB | ISHARES TR | 0.04% | 10,432 | $1,079,000 |
| NVO | NOVO-NORDISK A S | 0.04% | 12,400 | $1,067,000 |
| GLD | SPDR GOLD TR | 0.04% | 4,206 | $1,018,000 |
| MSFT | MICROSOFT CORP | 0.04% | 2,354 | $992,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.03% | 5,255 | $927,000 |
| DFH | DREAM FINDERS HOMES | 0.03% | 32,202 | $749,000 |
| SLV | ISHARES SILVER TR | 0.02% | 23,000 | $606,000 |
| J | JACOBS SOLUTIONS INC | 0.02% | 4,394 | $587,000 |
| GBTC | GRAYSCALE BITCOIN TR BTC | 0.02% | 7,442 | $551,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.02% | 3,753 | $495,000 |
| CAPE | DOUBLELINE SHILLER ENHANCED CAPE I | 0.01% | 10,645 | $319,000 |
| VOO | VANGUARD 500 INDX ETF-NEW | 0.01% | 584 | $315,000 |
| COST | COSTCO WHSL CORP NEW | 0.01% | 240 | $220,000 |
| ISRG | INTUITIVE SURGICAL INC | 0.01% | 405 | $211,000 |
| EW | EDWARDS LIFESCIENCES CORP | 0.00% | 257 | $19,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.56% | 489,311 | $225,210,000 |
| META | META PLATFORMS INC | 6.75% | 309,942 | $177,423,000 |
| AME | AMETEK INC | 6.26% | 959,222 | $164,708,000 |
| HEI/A | HEICO CORP NEW | 5.68% | 732,993 | $149,355,000 |
| PGR | PROGRESSIVE CORP | 5.18% | 536,693 | $136,191,000 |
| NVR | NVR INC | 4.96% | 13,307 | $130,566,000 |
| KMX | CARMAX INC | 4.82% | 1,637,125 | $126,681,000 |
| IBP | INSTALLED BLDG PRODS INC | 4.56% | 487,115 | $119,962,000 |
| GOOG | ALPHABET INC C | 4.11% | 646,180 | $108,035,000 |
| V | VISA INC | 4.10% | 391,760 | $107,714,000 |
| FISV | FISERV INC | 3.42% | 501,278 | $90,055,000 |
| BKNG | BOOKING HOLDINGS INC. | 3.29% | 20,515 | $86,412,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 2.91% | 481,070 | $76,456,000 |
| MEDP | MEDPACE HOLDINGS INC | 2.88% | 227,072 | $75,797,000 |
| SBUX | STARBUCKS CORP | 2.66% | 718,004 | $69,998,000 |
| MKL | MARKEL CORP | 2.55% | 42,684 | $66,953,000 |
| MTB | M & T BK CORP | 2.44% | 360,591 | $64,228,000 |
| FIVE | FIVE BELOW INC | 2.44% | 725,249 | $64,076,000 |
| SCHW | SCHWAB CHARLES CORP | 2.31% | 935,772 | $60,647,000 |
| GOOGL | ALPHABET INC | 2.19% | 346,704 | $57,501,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 1.96% | 1,197,374 | $51,475,000 |
| ADI | ANALOG DEVICES INC | 1.80% | 206,111 | $47,441,000 |
| — | ARISTA NETWORKS INC | 1.56% | 106,670 | $40,942,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 1.53% | 86,315 | $40,186,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 1.52% | 446,106 | $39,940,000 |
| BAC | BANK AMERICA CORP | 1.49% | 990,048 | $39,285,000 |
| LULU | LULULEMON ATHLETICA INC | 1.46% | 141,477 | $38,390,000 |
| EW | EDWARDS LIFESCIENCES CORP | 1.12% | 446,288 | $29,451,000 |
| FND | FLOOR & DECOR HLDGS INC | 1.09% | 230,681 | $28,644,000 |
| DIS | DISNEY WALT CO | 0.90% | 245,548 | $23,619,000 |
| LFUS | LITTELFUSE INC | 0.80% | 79,015 | $20,959,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.49% | 29,258 | $12,974,000 |
| MA | MASTERCARD INCORPORATED | 0.48% | 25,546 | $12,615,000 |
| JPM | JPMORGAN CHASE & CO | 0.35% | 43,324 | $9,135,000 |
| ALGN | ALIGN TECHNOLOGY INC | 0.32% | 32,993 | $8,391,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.18% | 7 | $4,838,000 |
| SPY | SPDR S&P 500 ETF | 0.10% | 4,752 | $2,727,000 |
| ICE | INTERCONTINENTAL EXCHANGE IN | 0.10% | 16,799 | $2,699,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.10% | 14,550 | $2,527,000 |
| AAPL | APPLE INC | 0.09% | 9,852 | $2,296,000 |
| COF | CAPITAL ONE FC | 0.08% | 14,774 | $2,212,000 |
| YUMC | YUM CHINA HLDGS INC | 0.06% | 36,036 | $1,622,000 |
| NVO | NOVO-NORDISK A S | 0.06% | 12,400 | $1,476,000 |
| CPRT | COPART INC | 0.05% | 27,484 | $1,440,000 |
| ITB | ISHARES TR | 0.05% | 10,299 | $1,309,000 |
| DFH | DREAM FINDERS HOMES | 0.04% | 32,202 | $1,166,000 |
| FWONKUSD | LIBERTY MEDIA CORP SERIES C LIBERTY MEDIA | 0.04% | 15,000 | $1,161,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.04% | 5,255 | $1,044,000 |
| GLD | SPDR GOLD TR | 0.04% | 4,206 | $1,022,000 |
| SLV | ISHARES SILVER TR | 0.02% | 23,000 | $653,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.02% | 3,753 | $566,000 |
| COST | COSTCO WHSL CORP NEW | 0.01% | 240 | $213,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.33% | 484,470 | $197,082,000 |
| AME | AMETEK INC | 6.60% | 936,696 | $156,157,000 |
| META | META PLATFORMS INC | 6.34% | 297,713 | $150,113,000 |
| HEI/A | HEICO CORP NEW | 5.43% | 723,697 | $128,471,000 |
| GOOG | ALPHABET INC C | 5.02% | 647,436 | $118,753,000 |
| KMX | CARMAX INC | 4.94% | 1,594,948 | $116,973,000 |
| PGR | PROGRESSIVE CORP | 4.69% | 534,821 | $111,088,000 |
| V | VISA INC | 4.29% | 386,967 | $101,567,000 |
| NVR | NVR INC | 4.23% | 13,179 | $100,010,000 |
| IBP | INSTALLED BLDG PRODS INC | 4.10% | 471,552 | $96,989,000 |
| BKNG | BOOKING HOLDINGS INC. | 3.35% | 20,003 | $79,242,000 |
| MEDP | MEDPACE HOLDINGS INC | 3.27% | 188,094 | $77,467,000 |
| FIVE | FIVE BELOW INC | 3.21% | 697,875 | $76,047,000 |
| FISV | FISERV INC | 3.05% | 484,933 | $72,274,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 2.77% | 479,558 | $65,580,000 |
| MKL | MARKEL CORP | 2.76% | 41,471 | $65,344,000 |
| SCHW | SCHWAB CHARLES CORP | 2.71% | 869,813 | $64,097,000 |
| GOOGL | ALPHABET INC | 2.39% | 310,083 | $56,482,000 |
| SBUX | STARBUCKS CORP | 2.35% | 715,626 | $55,711,000 |
| MTB | M & T BK CORP | 2.21% | 345,262 | $52,259,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 2.07% | 1,194,539 | $48,976,000 |
| ADI | ANALOG DEVICES INC | 1.93% | 200,423 | $45,749,000 |
| EW | EDWARDS LIFESCIENCES CORP | 1.74% | 446,016 | $41,198,000 |
| BAC | BANK AMERICA CORP | 1.66% | 986,115 | $39,218,000 |
| LULU | LULULEMON ATHLETICA INC | 1.64% | 130,113 | $38,865,000 |
| — | ARISTA NETWORKS INC | 1.45% | 97,619 | $34,214,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 1.22% | 445,631 | $28,939,000 |
| FND | FLOOR & DECOR HLDGS INC | 1.16% | 276,298 | $27,467,000 |
| DIS | DISNEY WALT CO | 0.98% | 233,262 | $23,161,000 |
| LFUS | LITTELFUSE INC | 0.85% | 78,692 | $20,113,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.55% | 25,107 | $12,922,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 0.53% | 32,744 | $12,616,000 |
| MA | MASTERCARD INCORPORATED | 0.44% | 23,524 | $10,378,000 |
| JPM | JPMORGAN CHASE & CO | 0.34% | 40,226 | $8,136,000 |
| ALGN | ALIGN TECHNOLOGY INC | 0.31% | 29,991 | $7,241,000 |
| FERG | FERGUSON PLC NEW F | 0.24% | 29,765 | $5,764,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.18% | 7 | $4,286,000 |
| SPY | SPDR S&P 500 ETF | 0.11% | 4,752 | $2,586,000 |
| AAPL | APPLE INC | 0.09% | 10,027 | $2,112,000 |
| NVO | NOVO-NORDISK A S | 0.07% | 12,400 | $1,770,000 |
| CPRT | COPART INC | 0.06% | 27,484 | $1,489,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.06% | 8,163 | $1,419,000 |
| ITB | ISHARES TR | 0.05% | 12,562 | $1,270,000 |
| ABNB | AIRBNB INC CL-A | 0.05% | 7,055 | $1,070,000 |
| GLD | SPDR GOLD TR | 0.04% | 4,206 | $904,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.04% | 4,724 | $834,000 |
| DFH | DREAM FINDERS HOMES | 0.04% | 32,202 | $831,000 |
| SLV | ISHARES SILVER TR | 0.03% | 23,000 | $611,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.02% | 3,753 | $456,000 |
| GBTC | GRAYSCALE BITCOIN TR BTC | 0.02% | 7,442 | $396,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.21% | 479,975 | $201,839,000 |
| AME | AMETEK INC | 6.90% | 927,977 | $169,727,000 |
| META | META PLATFORMS INC | 5.84% | 295,820 | $143,644,000 |
| KMX | CARMAX INC | 5.61% | 1,582,398 | $137,843,000 |
| MKL | MARKEL CORP | 4.98% | 80,549 | $122,554,000 |
| FIVE | FIVE BELOW INC | 4.92% | 667,190 | $121,015,000 |
| IBP | INSTALLED BLDG PRODS INC | 4.91% | 467,012 | $120,830,000 |
| HEI/A | HEICO CORP NEW | 4.50% | 718,995 | $110,682,000 |
| PGR | PROGRESSIVE CORP | 4.46% | 530,369 | $109,691,000 |
| V | VISA INC | 4.34% | 382,208 | $106,667,000 |
| NVR | NVR INC | 4.33% | 13,138 | $106,417,000 |
| GOOG | ALPHABET INC | 4.00% | 645,800 | $98,330,000 |
| FISV | FISERV INC | 3.12% | 480,246 | $76,753,000 |
| MEDP | MEDPACE HOLDINGS INC | 3.04% | 185,232 | $74,862,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 3.04% | 478,346 | $74,804,000 |
| SCHW | SCHWAB CHARLES CORP | 2.53% | 861,431 | $62,316,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 2.15% | 1,165,110 | $52,966,000 |
| MTB | M & T BK CORP | 2.09% | 352,670 | $51,292,000 |
| LULU | LULULEMON ATHLETICA INC | 2.05% | 129,251 | $50,492,000 |
| GOOGL | ALPHABET INC | 1.80% | 292,664 | $44,172,000 |
| EW | EDWARDS LIFESCIENCES CORP | 1.73% | 445,718 | $42,593,000 |
| BKNG | BOOKING HOLDINGS INC. | 1.67% | 11,294 | $40,973,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 1.56% | 452,871 | $38,345,000 |
| ADI | ANALOG DEVICES INC | 1.56% | 193,401 | $38,253,000 |
| BAC | BANK AMERICA CORP | 1.52% | 986,950 | $37,425,000 |
| FND | FLOOR & DECOR HLDGS INC | 1.44% | 272,357 | $35,303,000 |
| SBUX | STARBUCKS CORP | 1.38% | 371,551 | $33,956,000 |
| DIS | DISNEY WALT CO | 1.16% | 232,766 | $28,481,000 |
| — | ARISTA NETWORKS INC | 1.13% | 95,613 | $27,717,000 |
| LFUS | LITTELFUSE INC | 0.77% | 77,961 | $18,894,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.54% | 24,160 | $13,325,000 |
| MA | MASTERCARD INCORPORATED | 0.45% | 22,821 | $10,990,000 |
| ALGN | ALIGN TECHNOLOGY INC | 0.38% | 28,871 | $9,467,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 0.38% | 17,610 | $9,241,000 |
| JPM | JPMORGAN CHASE & CO | 0.32% | 39,203 | $7,852,000 |
| COHR | COHERENT CORP | 0.29% | 116,314 | $7,051,000 |
| FERG | FERGUSON PLC NEW F | 0.26% | 28,910 | $6,315,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.18% | 7 | $4,441,000 |
| AAPL | APPLE INC | 0.07% | 10,027 | $1,719,000 |
| NVO | NOVO-NORDISK A S | 0.06% | 12,400 | $1,592,000 |
| CPRT | COPART INC | 0.06% | 27,484 | $1,592,000 |
| ITB | ISHARES TR | 0.05% | 11,350 | $1,314,000 |
| ABNB | AIRBNB INC CL-A | 0.05% | 7,055 | $1,164,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.05% | 8,193 | $1,115,000 |
| GLD | SPDR GOLD TR | 0.04% | 4,206 | $865,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.03% | 3,753 | $655,000 |
| SLV | ISHARES SILVER TR | 0.02% | 23,000 | $523,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.02% | 2,362 | $518,000 |
| GBTC | GRAYSCALE BITCOIN TR BTC | 0.02% | 7,442 | $470,000 |
| TJX | TJX COS INC NEW | 0.00% | 1,085 | $110,000 |
| CIEN | CIENA CORP | 0.00% | 661 | $33,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| SPY | SPDR S&P 500 ETF | 63.84% | 4,752 | $2,486,000 |
| DFH | DREAM FINDERS HOMES | 36.16% | 32,202 | $1,408,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.11% | 483,856 | $172,572,000 |
| AME | AMETEK INC | 7.05% | 910,291 | $150,098,000 |
| FIVE | FIVE BELOW INC | 6.55% | 654,098 | $139,428,000 |
| KMX | CARMAX INC | 5.53% | 1,533,574 | $117,686,000 |
| MKL | MARKEL CORP | 5.28% | 79,180 | $112,428,000 |
| META | META PLATFORMS INC | 4.79% | 287,932 | $101,916,000 |
| HEI/A | HEICO CORP NEW | 4.66% | 696,603 | $99,224,000 |
| V | VISA INC | 4.61% | 377,092 | $98,176,000 |
| GOOG | ALPHABET INC | 4.23% | 637,950 | $89,906,000 |
| NVR | NVR INC | 4.17% | 12,672 | $88,710,000 |
| IBP | INSTALLED BLDG PRODS INC | 3.91% | 455,426 | $83,261,000 |
| PGR | PROGRESSIVE CORP | 3.78% | 505,551 | $80,524,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 3.52% | 470,853 | $74,908,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 3.23% | 901,893 | $68,670,000 |
| LULU | LULULEMON ATHLETICA INC | 2.93% | 121,777 | $62,263,000 |
| FISV | FISERV INC | 2.84% | 454,874 | $60,425,000 |
| SCHW | SCHWAB CHARLES CORP | 2.70% | 833,904 | $57,373,000 |
| MEDP | MEDPACE HOLDINGS INC | 2.27% | 157,664 | $48,329,000 |
| MTB | M & T BK CORP | 2.21% | 343,056 | $47,026,000 |
| GOOGL | ALPHABET INC | 1.83% | 279,386 | $39,027,000 |
| ADI | ANALOG DEVICES INC | 1.75% | 187,671 | $37,264,000 |
| BAC | BANK AMERICA CORP | 1.63% | 1,029,334 | $34,658,000 |
| EW | EDWARDS LIFESCIENCES CORP | 1.58% | 440,906 | $33,619,000 |
| FND | FLOOR & DECOR HLDGS INC | 1.51% | 287,111 | $32,030,000 |
| CIEN | CIENA CORP | 1.32% | 625,936 | $28,173,000 |
| — | ARISTA NETWORKS INC | 1.10% | 99,444 | $23,420,000 |
| DIS | DISNEY WALT CO | 0.98% | 230,757 | $20,835,000 |
| LFUS | LITTELFUSE INC | 0.96% | 76,458 | $20,457,000 |
| MBC | MASTERBRAND INC | 0.64% | 912,988 | $13,558,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.57% | 22,616 | $12,048,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 0.56% | 238,771 | $11,898,000 |
| MA | MASTERCARD INCORPORATED | 0.43% | 21,390 | $9,123,000 |
| ATHM | AUTOHOME INC | 0.41% | 312,582 | $8,771,000 |
| ALGN | ALIGN TECHNOLOGY INC | 0.35% | 27,162 | $7,442,000 |
| JPM | JPMORGAN CHASE & CO | 0.29% | 36,773 | $6,255,000 |
| KNSL | KINSALE CAPITAL GROUP IN | 0.28% | 17,610 | $5,898,000 |
| FERG | FERGUSON PLC NEW F | 0.24% | 26,968 | $5,207,000 |
| COHR | COHERENT CORP | 0.22% | 108,137 | $4,707,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.18% | 7 | $3,798,000 |
| SPY | SPDR S&P 500 ETF TR | 0.11% | 4,752 | $2,259,000 |
| AAPL | APPLE INC | 0.09% | 10,181 | $1,960,000 |
| ITB | ISHARES TR | 0.07% | 14,677 | $1,493,000 |
| CPRT | COPART INC | 0.06% | 27,484 | $1,347,000 |
| NVO | NOVO-NORDISK A S | 0.06% | 12,400 | $1,283,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.04% | 2,362 | $957,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.04% | 8,240 | $857,000 |
| TJX | TJX COS INC NEW | 0.04% | 8,657 | $812,000 |
| GLD | SPDR GOLD TR | 0.04% | 4,206 | $804,000 |
| ROP | ROPER TECHNOLOGIES INC | 0.03% | 1,330 | $725,000 |
| BOOT | BOOT BARN HLDGS INC | 0.03% | 8,253 | $634,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.03% | 3,753 | $610,000 |
| SBUX | STARBUCKS CORP | 0.03% | 6,213 | $597,000 |
| FAST | FASTENAL CO | 0.02% | 8,154 | $528,000 |
| SLV | ISHARES SILVER TR | 0.02% | 23,000 | $501,000 |
| KNX | KNIGHT-SWIFT TRANSN HLDGS IN | 0.02% | 7,789 | $449,000 |
| BABA | ALIBABA GROUP HLDG LTD | 0.02% | 4,976 | $386,000 |
| GIB | CGI INC | 0.01% | 1,585 | $175,000 |
| MSFT | MICROSOFT CORP | 0.01% | 288 | $108,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| DFH | DREAM FINDERS HOMES | 100.00% | 32,202 | $1,144,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 9.06% | 476,290 | $166,844,000 |
| AME | AMETEK INC | 7.20% | 897,056 | $132,549,000 |
| MKL | MARKEL CORP | 6.76% | 84,525 | $124,462,000 |
| GOOG | ALPHABET INC | 6.49% | 906,324 | $119,499,000 |
| KMX | CARMAX INC | 5.84% | 1,520,438 | $107,541,000 |
| FIVE | FIVE BELOW INC | 5.63% | 644,566 | $103,711,000 |
| HEI/A | HEICO CORP NEW | 5.04% | 718,453 | $92,838,000 |
| V | VISA INC | 4.64% | 371,370 | $85,419,000 |
| META | META PLATFORMS INC | 4.61% | 282,449 | $84,794,000 |
| NVR | NVR INC | 4.11% | 12,674 | $75,579,000 |
| PGR | PROGRESSIVE CORP | 3.79% | 501,431 | $69,849,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 3.38% | 469,888 | $62,171,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 3.04% | 900,458 | $55,972,000 |
| IBP | INSTALLED BLDG PRODS INC | 2.94% | 432,898 | $54,065,000 |
| LULU | LULULEMON ATHLETICA INC | 2.53% | 120,589 | $46,500,000 |
| SCHW | SCHWAB CHARLES CORP | 2.40% | 804,561 | $44,170,000 |
| MTB | M & T BK CORP | 2.35% | 342,119 | $43,261,000 |
| FISV | FISERV INC | 1.96% | 319,094 | $36,045,000 |
| ADI | ANALOG DEVICES INC | 1.77% | 186,113 | $32,587,000 |
| GOOGL | ALPHABET INC | 1.66% | 234,124 | $30,637,000 |
| EW | EDWARDS LIFESCIENCES CORP | 1.66% | 440,602 | $30,525,000 |
| CIEN | CIENA CORP | 1.63% | 635,463 | $30,032,000 |
| BAC | BANK AMERICA CORP | 1.53% | 1,027,404 | $28,130,000 |
| FND | FLOOR & DECOR HLDGS INC | 1.39% | 283,455 | $25,653,000 |
| COHR | COHERENT CORP | 1.25% | 707,710 | $23,100,000 |
| LFUS | LITTELFUSE INC | 1.02% | 76,018 | $18,801,000 |
| DIS | DISNEY WALT CO | 1.02% | 230,818 | $18,708,000 |
| — | ARISTA NETWORKS INC | 0.99% | 98,700 | $18,154,000 |
| MBC | MASTERBRAND INC | 0.60% | 909,378 | $11,049,000 |
| ATHM | AUTOHOME INC | 0.57% | 343,137 | $10,414,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.55% | 22,104 | $10,170,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 0.48% | 235,926 | $8,746,000 |
| MA | MASTERCARD INCORPORATED | 0.45% | 20,760 | $8,219,000 |
| JPM | JPMORGAN CHASE & CO | 0.29% | 36,606 | $5,309,000 |
| FERG | FERGUSON PLC NEW F | 0.23% | 26,185 | $4,307,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.17% | 6 | $3,189,000 |
| AAPL | APPLE INC | 0.13% | 14,349 | $2,457,000 |
| SPY | SPDR S&P 500 ETF TR | 0.11% | 4,752 | $2,031,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.09% | 4,067 | $1,664,000 |
| CPRT | COPART INC | 0.06% | 27,484 | $1,184,000 |
| MSFT | MICROSOFT CORP | 0.06% | 3,600 | $1,137,000 |
| NVO | NOVO-NORDISK A S | 0.06% | 12,400 | $1,128,000 |
| ITB | ISHARES TR | 0.06% | 13,962 | $1,096,000 |
| TJX | TJX COS INC NEW | 0.04% | 8,697 | $773,000 |
| GLD | SPDR GOLD TR | 0.04% | 4,206 | $721,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.04% | 8,240 | $716,000 |
| BOOT | BOOT BARN HLDGS INC | 0.04% | 8,253 | $670,000 |
| ROP | ROPER TECHNOLOGIES INC | 0.04% | 1,335 | $647,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.03% | 3,753 | $613,000 |
| SBUX | STARBUCKS CORP | 0.03% | 6,213 | $567,000 |
| FAST | FASTENAL CO | 0.03% | 8,954 | $489,000 |
| SLV | ISHARES SILVER TR | 0.03% | 23,000 | $468,000 |
| BN | BROOKFIELD CORP | 0.02% | 14,671 | $459,000 |
| BABA | ALIBABA GROUP HLDG LTD | 0.02% | 5,004 | $434,000 |
| KNX | KNIGHT-SWIFT TRANSN HLDGS IN | 0.02% | 7,789 | $391,000 |
| GIB | CGI INC | 0.01% | 1,678 | $225,000 |
| IYF | ISHARES TR | 0.01% | 2,803 | $210,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIREHATHAWAYINCDEL | 9.06% | 476,290 | $166,844,000 |
| AME | AMETEKINC | 7.19% | 897,056 | $132,549,000 |
| MKL | MARKELCORP | 6.76% | 84,525 | $124,462,000 |
| GOOG | ALPHABETINC | 6.49% | 906,324 | $119,499,000 |
| KMX | CARMAXINC | 5.84% | 1,520,438 | $107,541,000 |
| FIVE | FIVEBELOWINC | 5.63% | 644,566 | $103,711,000 |
| HEI/A | HEICOCORPNEW | 5.00% | 712,453 | $92,063,000 |
| V | VISAINC | 4.64% | 371,370 | $85,419,000 |
| META | METAPLATFORMSINC | 4.60% | 282,449 | $84,794,000 |
| NVR | NVRINC | 4.10% | 12,674 | $75,579,000 |
| PGR | PROGRESSIVECORP | 3.79% | 501,431 | $69,849,000 |
| KEYS | KEYSIGHTTECHNOLOGIESINC | 3.37% | 469,888 | $62,171,000 |
| FBIN | FORTUNEBRANDSHOME&SECIN | 3.04% | 900,458 | $55,972,000 |
| IBP | INSTALLEDBLDGPRODSINC | 2.93% | 432,898 | $54,065,000 |
| LULU | LULULEMONATHLETICAINC | 2.52% | 120,589 | $46,500,000 |
| SCHW | SCHWABCHARLESCORP | 2.40% | 804,561 | $44,170,000 |
| MTB | M&TBKCORP | 2.35% | 342,119 | $43,261,000 |
| FISV | FISERVINC | 1.96% | 319,094 | $36,045,000 |
| ADI | ANALOGDEVICESINC | 1.77% | 186,113 | $32,587,000 |
| GOOGL | ALPHABETINC | 1.66% | 234,124 | $30,637,000 |
| EW | EDWARDSLIFESCIENCESCORP | 1.66% | 440,602 | $30,525,000 |
| CIEN | CIENACORP | 1.63% | 635,463 | $30,032,000 |
| BAC | BANKAMERICACORP | 1.53% | 1,027,404 | $28,130,000 |
| FND | FLOOR&DECORHLDGSINC | 1.39% | 283,455 | $25,653,000 |
| COHR | COHERENTCORP | 1.25% | 707,710 | $23,100,000 |
| LFUS | LITTELFUSEINC | 1.02% | 76,018 | $18,801,000 |
| DIS | DISNEYWALTCO | 1.02% | 230,818 | $18,708,000 |
| — | ARISTANETWORKSINC | 0.99% | 98,700 | $18,154,000 |
| MBC | MASTERBRANDINC | 0.60% | 909,378 | $11,049,000 |
| ATHM | AUTOHOMEINC | 0.57% | 343,137 | $10,414,000 |
| CACC | CREDITACCEPCORPMICH | 0.55% | 22,104 | $10,170,000 |
| OZK | BANKOZKLITTLEROCKARK | 0.47% | 235,926 | $8,746,000 |
| MA | MASTERCARDINCORPORATED | 0.45% | 20,760 | $8,219,000 |
| JPM | JPMORGANCHASE&CO | 0.29% | 36,606 | $5,309,000 |
| FERG | FERGUSONPLCNEWF | 0.23% | 26,185 | $4,307,000 |
| BRK/A | BERKSHIREHATHAWAYINCDEL | 0.17% | 6 | $3,189,000 |
| AAPL | APPLEINC | 0.13% | 14,349 | $2,457,000 |
| SPY | SPDRS&P500ETFTR | 0.11% | 4,752 | $2,031,000 |
| ODFL | OLDDOMINIONFREIGHTLINEIN | 0.09% | 4,067 | $1,664,000 |
| CPRT | COPARTINC | 0.06% | 27,484 | $1,184,000 |
| MSFT | MICROSOFTCORP | 0.06% | 3,600 | $1,137,000 |
| NVO | NOVO-NORDISKAS | 0.06% | 12,400 | $1,128,000 |
| ITB | ISHARESTR | 0.06% | 13,962 | $1,096,000 |
| KNSL | KINSALECAPITALGROUPINC | 0.06% | 2,555 | $1,058,000 |
| MEDP | MEDPACEHOLDINGSINC | 0.05% | 3,760 | $910,000 |
| TJX | TJXCOSINCNEW | 0.04% | 8,697 | $773,000 |
| GLD | SPDRGOLDTR | 0.04% | 4,206 | $721,000 |
| TSM | TAIWANSEMICONDUCTORMFGLTD | 0.04% | 8,240 | $716,000 |
| BOOT | BOOTBARNHLDGSINC | 0.04% | 8,253 | $670,000 |
| ROP | ROPERTECHNOLOGIESINC | 0.04% | 1,335 | $647,000 |
| SITE | SITEONELANDSCAPESUPPLYINC | 0.03% | 3,753 | $613,000 |
| SBUX | STARBUCKSCORP | 0.03% | 6,213 | $567,000 |
| FAST | FASTENALCO | 0.03% | 8,954 | $489,000 |
| SLV | ISHARESSILVERTR | 0.03% | 23,000 | $468,000 |
| BN | BROOKFIELDCORP | 0.02% | 14,671 | $459,000 |
| BABA | ALIBABAGROUPHLDGLTD | 0.02% | 5,004 | $434,000 |
| KNX | KNIGHT-SWIFTTRANSNHLDGSIN | 0.02% | 7,789 | $391,000 |
| GIB | CGIINC | 0.01% | 1,678 | $225,000 |
| IYF | ISHARESTR | 0.01% | 2,803 | $210,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.44% | 470,193 | $160,336,000 |
| AME | AMETEK INC | 7.60% | 892,500 | $144,478,000 |
| KMX | CARMAX INC | 6.61% | 1,500,240 | $125,570,000 |
| FIVE | FIVE BELOW INC | 6.55% | 633,721 | $124,552,000 |
| MKL | MARKEL CORP | 6.10% | 83,806 | $115,919,000 |
| GOOG | ALPHABET INC | 5.77% | 907,036 | $109,724,000 |
| HEI/A | HEICO CORP NEW | 5.18% | 700,824 | $98,536,000 |
| V | VISA INC | 4.64% | 371,511 | $88,226,000 |
| META | META PLATFORMS INC | 4.22% | 279,708 | $80,271,000 |
| NVR | NVR INC | 4.21% | 12,610 | $80,081,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 4.14% | 469,858 | $78,678,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 3.41% | 901,842 | $64,888,000 |
| PGR | PROGRESSIVE CORP | 3.39% | 487,409 | $64,518,000 |
| IBP | INSTALLED BLDG PRODS INC | 3.16% | 428,356 | $60,038,000 |
| LULU | LULULEMON ATHLETICA INC | 2.31% | 115,880 | $43,861,000 |
| SCHW | SCHWAB CHARLES CORP | 2.24% | 752,131 | $42,631,000 |
| MTB | M & T BK CORP | 2.20% | 338,586 | $41,903,000 |
| EW | EDWARDS LIFESCIENCES CORP | 2.18% | 439,896 | $41,495,000 |
| ADI | ANALOG DEVICES INC | 1.88% | 183,506 | $35,749,000 |
| FISV | FISERV INC | 1.80% | 271,006 | $34,187,000 |
| CIEN | CIENA CORP | 1.57% | 703,532 | $29,893,000 |
| FND | FLOOR & DECOR HLDGS INC | 1.52% | 277,959 | $28,897,000 |
| BAC | BANK AMERICA CORP | 1.49% | 985,876 | $28,285,000 |
| GOOGL | ALPHABET INC | 1.40% | 222,888 | $26,680,000 |
| LFUS | LITTELFUSE INC | 1.16% | 75,781 | $22,076,000 |
| DIS | DISNEY WALT CO | 1.08% | 230,556 | $20,584,000 |
| — | ARISTA NETWORKS INC | 0.89% | 103,957 | $16,847,000 |
| MBC | MASTERBRAND INC | 0.56% | 910,934 | $10,594,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.55% | 20,748 | $10,539,000 |
| ATHM | AUTOHOME INC | 0.53% | 343,286 | $10,010,000 |
| SSNC | SS&C TECHNOLOGIES HLDGS INC | 0.51% | 161,122 | $9,764,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 0.44% | 210,522 | $8,455,000 |
| MA | MASTERCARD INCORPORATED | 0.40% | 19,308 | $7,594,000 |
| COHR | COHERENT CORP | 0.27% | 100,193 | $5,108,000 |
| JPM | JPMORGAN CHASE & CO | 0.26% | 34,095 | $4,959,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.25% | 9 | $4,660,000 |
| AAPL | APPLE INC | 0.15% | 14,338 | $2,781,000 |
| SPY | SPDR S&P 500 ETF TR | 0.11% | 4,752 | $2,106,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.08% | 4,067 | $1,504,000 |
| CPRT | COPART INC | 0.07% | 13,742 | $1,253,000 |
| MSFT | MICROSOFT CORP | 0.06% | 3,594 | $1,224,000 |
| ITB | ISHARES TR | 0.06% | 13,205 | $1,128,000 |
| NVO | NOVO-NORDISK A S | 0.05% | 6,200 | $1,003,000 |
| FAST | FASTENAL CO | 0.04% | 8,954 | $845,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.04% | 8,240 | $832,000 |
| GLD | SPDR GOLD TR | 0.04% | 4,281 | $763,000 |
| TJX | TJX COS INC NEW | 0.04% | 8,697 | $737,000 |
| BOOT | BOOT BARN HLDGS INC | 0.04% | 8,253 | $699,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.03% | 3,843 | $643,000 |
| SBUX | STARBUCKS CORP | 0.03% | 6,213 | $615,000 |
| ROP | ROPER TECHNOLOGIES INC | 0.03% | 1,245 | $599,000 |
| SNBRQ | SLEEP NUMBER CORP | 0.03% | 21,057 | $574,000 |
| BN | BROOKFIELD CORP | 0.03% | 16,223 | $546,000 |
| SLV | ISHARES SILVER TR | 0.03% | 23,000 | $480,000 |
| LEVI | LEVI STRAUSS & CO NEW | 0.03% | 32,939 | $475,000 |
| KNX | KNIGHT-SWIFT TRANSN HLDGS IN | 0.02% | 7,789 | $433,000 |
| BABA | ALIBABA GROUP HLDG LTD | 0.02% | 5,004 | $417,000 |
| GIB | CGI INC | 0.01% | 1,665 | $233,000 |
| IYF | ISHARES TR | 0.01% | 2,833 | $211,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.28% | 444,970 | $137,393,000 |
| FIVE | FIVE BELOW INC | 7.47% | 601,994 | $123,993,000 |
| AME | AMETEK INC | 7.37% | 841,608 | $122,311,000 |
| MKL | MARKEL CORP | 6.12% | 79,596 | $101,677,000 |
| KMX | CARMAX INC | 5.53% | 1,428,059 | $91,796,000 |
| GOOG | ALPHABET INC | 5.40% | 862,076 | $89,656,000 |
| HEI/A | HEICO CORP NEW | 5.38% | 656,986 | $89,284,000 |
| V | VISA INC | 4.80% | 353,075 | $79,604,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 4.33% | 445,435 | $71,929,000 |
| PGR | PROGRESSIVE CORP | 4.15% | 481,231 | $68,845,000 |
| NVR | NVR INC | 4.07% | 12,126 | $67,568,000 |
| SCHW | SCHWAB CHARLES CORP | 3.85% | 1,221,330 | $63,973,000 |
| META | META PLATFORMS INC | 3.36% | 263,471 | $55,840,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 3.18% | 897,630 | $52,718,000 |
| IBP | INSTALLED BLDG PRODS INC | 2.91% | 424,109 | $48,361,000 |
| LULU | LULULEMON ATHLETICA INC | 2.50% | 114,077 | $41,546,000 |
| MTB | M & T BK CORP | 2.15% | 297,819 | $35,610,000 |
| CIEN | CIENA CORP | 2.11% | 666,676 | $35,014,000 |
| EW | EDWARDS LIFESCIENCES CORP | 2.07% | 414,975 | $34,331,000 |
| FISV | FISERV INC | 1.77% | 260,671 | $29,464,000 |
| FND | FLOOR & DECOR HLDGS INC | 1.57% | 265,344 | $26,062,000 |
| BAC | BANK AMERICA CORP | 1.55% | 900,241 | $25,747,000 |
| DIS | DISNEY WALT CO | 1.38% | 228,988 | $22,929,000 |
| GOOGL | ALPHABET INC | 1.33% | 213,177 | $22,113,000 |
| LFUS | LITTELFUSE INC | 1.13% | 69,861 | $18,729,000 |
| — | ARISTA NETWORKS INC | 1.02% | 100,452 | $16,862,000 |
| ATHM | AUTOHOME INC | 0.69% | 341,890 | $11,443,000 |
| SSNC | SS&C TECHNOLOGIES HLDGS INC | 0.53% | 155,728 | $8,794,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.53% | 20,156 | $8,789,000 |
| MBC | MASTERBRAND INC | 0.42% | 865,963 | $6,962,000 |
| OZK | BANK OZK LITTLE ROCK ARK | 0.41% | 200,256 | $6,849,000 |
| MA | MASTERCARD INCORPORATED | 0.41% | 18,836 | $6,845,000 |
| ADI | ANALOG DEVICES INC | 0.36% | 30,029 | $5,922,000 |
| JPM | JPMORGAN CHASE & CO | 0.26% | 33,026 | $4,304,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.25% | 9 | $4,190,000 |
| COHR | COHERENT CORP | 0.22% | 96,526 | $3,676,000 |
| AAPL | APPLE INC | 0.15% | 14,638 | $2,414,000 |
| SPY | SPDR S&P 500 ETF TR | 0.12% | 4,761 | $1,949,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.08% | 4,067 | $1,386,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.08% | 14,197 | $1,321,000 |
| CPRT | COPART INC | 0.06% | 13,742 | $1,034,000 |
| MSFT | MICROSOFT CORP | 0.06% | 3,578 | $1,032,000 |
| NVO | NOVO-NORDISK A S | 0.06% | 6,200 | $987,000 |
| GLD | SPDR GOLD TR | 0.05% | 4,265 | $781,000 |
| BN | BROOKFIELD CORP | 0.04% | 16,223 | $714,000 |
| TJX | TJX COS INC NEW | 0.04% | 8,697 | $681,000 |
| SBUX | STARBUCKS CORP | 0.04% | 6,265 | $652,000 |
| SNBRQ | SLEEP NUMBER CORP | 0.04% | 21,079 | $641,000 |
| BOOT | BOOT BARN HLDGS INC | 0.04% | 8,253 | $633,000 |
| LEVI | LEVI STRAUSS & CO NEW | 0.04% | 32,939 | $600,000 |
| ROP | ROPER TECHNOLOGIES INC | 0.04% | 1,335 | $588,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.03% | 3,753 | $514,000 |
| BABA | ALIBABA GROUP HLDG LTD | 0.03% | 5,004 | $511,000 |
| SLV | ISHARES SILVER TR | 0.03% | 23,000 | $509,000 |
| FAST | FASTENAL CO | 0.03% | 8,954 | $483,000 |
| KNX | KNIGHT-SWIFT TRANSN HLDGS IN | 0.03% | 8,046 | $455,000 |
| ITB | ISHARES TR | 0.02% | 4,908 | $345,000 |
| J | JACOBS SOLUTIONS INC | 0.02% | 2,458 | $289,000 |
| GIB | CGI INC | 0.01% | 1,665 | $217,000 |
| IYF | ISHARES TR | 0.01% | 2,877 | $205,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.81% | 461,404 | $143,000 |
| AME | AMETEK INC | 7.37% | 853,298 | $119,000 |
| FIVE | FIVE BELOW INC | 6.76% | 618,351 | $109,000 |
| MKL | MARKEL CORP | 6.63% | 81,360 | $107,000 |
| SCHW | SCHWAB CHARLES CORP | 6.40% | 1,242,854 | $103,000 |
| KMX | CARMAX INC | 5.40% | 1,435,307 | $87,000 |
| HEI/A | HEICO CORP NEW | 4.97% | 670,900 | $80,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 4.90% | 462,986 | $79,000 |
| GOOG | ALPHABET INC | 4.87% | 886,978 | $79,000 |
| V | VISA INC | 4.60% | 358,387 | $74,000 |
| PGR | PROGRESSIVE CORP | 3.70% | 461,325 | $60,000 |
| NVR | NVR INC | 3.56% | 12,489 | $58,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 3.17% | 896,997 | $51,000 |
| MTB | M & T BK CORP | 2.75% | 306,383 | $44,000 |
| IBP | INSTALLED BLDG PRODS INC | 2.19% | 413,320 | $35,000 |
| LULU | LULULEMON ATHLETICA INC | 2.18% | 109,845 | $35,000 |
| CIEN | CIENA CORP | 2.15% | 680,657 | $35,000 |
| META | META PLATFORMS INC | 2.01% | 270,786 | $33,000 |
| EW | EDWARDS LIFESCIENCES CORP | 1.97% | 426,173 | $32,000 |
| BAC | BK OF AMERICA CORP | 1.92% | 935,610 | $31,000 |
| — | FIRST REP BK SAN FRANCISCO C | 1.78% | 236,893 | $29,000 |
| SSNC | SS&C TECHNOLOGIES HLDGS INC | 1.31% | 407,613 | $21,000 |
| DIS | DISNEY WALT CO | 1.21% | 226,010 | $20,000 |
| FND | FLOOR & DECOR HLDGS INC | 1.15% | 266,334 | $19,000 |
| GOOGL | ALPHABET INC | 1.14% | 208,280 | $18,000 |
| LFUS | LITTELFUSE INC | 0.94% | 69,415 | $15,000 |
| — | ARISTA NETWORKS INC | 0.76% | 101,235 | $12,000 |
| ATHM | AUTOHOME INC | 0.64% | 336,071 | $10,000 |
| SNBRQ | SLEEP NUMBER CORP | 0.61% | 380,263 | $10,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.54% | 18,480 | $9,000 |
| OZK | BANK OZK | 0.52% | 209,356 | $8,000 |
| MBC | MASTERBRAND INC | 0.42% | 900,142 | $7,000 |
| MA | MASTERCARD INCORPORATED | 0.37% | 17,394 | $6,000 |
| ADI | ANALOG DEVICES INC | 0.28% | 27,990 | $5,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.26% | 9 | $4,000 |
| JPM | JPMORGAN CHASE & CO | 0.26% | 31,241 | $4,000 |
| COHR | COHERENT CORP | 0.19% | 85,524 | $3,000 |
| VOO | VANGUARD 500 INDX ETF-NEW | 0.15% | 6,900 | $2,000 |
| AAPL | APPLE INC | 0.12% | 14,638 | $2,000 |
| SPY | SPDR S&P 500 ETF TR | 0.11% | 4,761 | $2,000 |
| ICE | INTERCONTINENTAL EXCHANGE IN | 0.09% | 13,438 | $1,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.07% | 4,067 | $1,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.07% | 15,066 | $1,000 |
| UNH | UNITEDHEALTH GRP INC | 0.06% | 1,733 | $919 |
| MSFT | MICROSOFT CORP | 0.05% | 3,578 | $858 |
| NVO | NOVO-NORDISK A S | 0.05% | 6,200 | $839 |
| CPRT | COPART INC | 0.05% | 13,742 | $837 |
| TJX | TJX COS INC NEW | 0.05% | 9,197 | $732 |
| GLD | SPDR GOLD TR | 0.04% | 4,265 | $724 |
| ITB | ISHARES TR | 0.04% | 10,551 | $639 |
| ROP | ROPER TECHNOLOGIES INC | 0.04% | 1,460 | $631 |
| SBUX | STARBUCKS CORP | 0.04% | 6,265 | $621 |
| BN | BROOKFIELD CORP CL-A LVS | 0.03% | 16,650 | $524 |
| BOOT | BOOT BARN HLDGS INC | 0.03% | 8,253 | $516 |
| LEVI | LEVI STRAUSS & CO NEW | 0.03% | 32,939 | $511 |
| SLV | ISHARES SILVER TR | 0.03% | 23,000 | $506 |
| J | JACOBS SOLUTIONS INC | 0.03% | 4,114 | $494 |
| FAST | FASTENAL CO | 0.03% | 9,704 | $459 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.03% | 3,753 | $440 |
| BABA | ALIBABA GROUP HLDG LTD | 0.03% | 4,976 | $438 |
| KNX | KNIGHT-SWIFT TRANSN HLDGS IN | 0.03% | 8,046 | $422 |
| IYF | ISHARES TR | 0.01% | 3,051 | $230 |
| COST | COSTCO WHSL CORP NEW | 0.01% | 350 | $160 |
| GIB | CGI INC | 0.01% | 1,665 | $143 |
| RMD | RESMED INC | 0.01% | 437 | $91 |
| — | RITCHIE BROS AUCTIONEERS | 0.00% | 1,070 | $62 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.81% | 461,404 | $142,528,000 |
| AME | AMETEK INC | 7.37% | 853,298 | $119,223,000 |
| FIVE | FIVE BELOW INC | 6.76% | 618,351 | $109,368,000 |
| MKL | MARKEL CORP | 6.63% | 81,360 | $107,191,000 |
| SCHW | SCHWAB CHARLES CORP | 6.40% | 1,242,854 | $103,480,000 |
| KMX | CARMAX INC | 5.40% | 1,435,307 | $87,396,000 |
| HEI/A | HEICO CORP NEW | 4.97% | 670,900 | $80,407,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 4.90% | 462,986 | $79,203,000 |
| GOOG | ALPHABET INC | 4.87% | 886,978 | $78,702,000 |
| V | VISA INC | 4.60% | 358,387 | $74,458,000 |
| PGR | PROGRESSIVE CORP | 3.70% | 461,325 | $59,838,000 |
| NVR | NVR INC | 3.56% | 12,489 | $57,607,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 3.17% | 896,997 | $51,227,000 |
| MTB | M & T BK CORP | 2.75% | 306,383 | $44,444,000 |
| IBP | INSTALLED BLDG PRODS INC | 2.19% | 413,320 | $35,380,000 |
| LULU | LULULEMON ATHLETICA INC | 2.18% | 109,845 | $35,192,000 |
| CIEN | CIENA CORP | 2.15% | 680,657 | $34,700,000 |
| META | META PLATFORMS INC | 2.01% | 270,786 | $32,586,000 |
| EW | EDWARDS LIFESCIENCES CORP | 1.97% | 426,173 | $31,797,000 |
| BAC | BK OF AMERICA CORP | 1.92% | 935,610 | $30,987,000 |
| — | FIRST REP BK SAN FRANCISCO C | 1.78% | 236,893 | $28,875,000 |
| SSNC | SS&C TECHNOLOGIES HLDGS INC | 1.31% | 407,613 | $21,220,000 |
| DIS | DISNEY WALT CO | 1.21% | 226,010 | $19,636,000 |
| FND | FLOOR & DECOR HLDGS INC | 1.15% | 266,334 | $18,545,000 |
| GOOGL | ALPHABET INC | 1.14% | 208,280 | $18,377,000 |
| LFUS | LITTELFUSE INC | 0.94% | 69,415 | $15,285,000 |
| — | ARISTA NETWORKS INC | 0.76% | 101,235 | $12,285,000 |
| ATHM | AUTOHOME INC | 0.64% | 336,071 | $10,284,000 |
| SNBRQ | SLEEP NUMBER CORP | 0.61% | 380,263 | $9,879,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.54% | 18,480 | $8,767,000 |
| OZK | BANK OZK | 0.52% | 209,356 | $8,387,000 |
| MBC | MASTERBRAND INC | 0.42% | 900,142 | $6,796,000 |
| MA | MASTERCARD INCORPORATED | 0.37% | 17,394 | $6,048,000 |
| ADI | ANALOG DEVICES INC | 0.28% | 27,990 | $4,591,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.26% | 9 | $4,218,000 |
| JPM | JPMORGAN CHASE & CO | 0.26% | 31,241 | $4,189,000 |
| COHR | COHERENT CORP | 0.19% | 85,524 | $3,002,000 |
| VOO | VANGUARD 500 INDX ETF-NEW | 0.15% | 6,900 | $2,424,000 |
| AAPL | APPLE INC | 0.12% | 14,638 | $1,902,000 |
| SPY | SPDR S&P 500 ETF TR | 0.11% | 4,761 | $1,821,000 |
| ICE | INTERCONTINENTAL EXCHANGE IN | 0.09% | 13,438 | $1,379,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.07% | 4,067 | $1,154,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.07% | 15,066 | $1,122,000 |
| UNH | UNITEDHEALTH GRP INC | 0.06% | 1,733 | $919,000 |
| MSFT | MICROSOFT CORP | 0.05% | 3,578 | $858,000 |
| NVO | NOVO-NORDISK A S | 0.05% | 6,200 | $839,000 |
| CPRT | COPART INC | 0.05% | 13,742 | $837,000 |
| TJX | TJX COS INC NEW | 0.05% | 9,197 | $732,000 |
| GLD | SPDR GOLD TR | 0.04% | 4,265 | $724,000 |
| ITB | ISHARES TR | 0.04% | 10,551 | $639,000 |
| ROP | ROPER TECHNOLOGIES INC | 0.04% | 1,460 | $631,000 |
| SBUX | STARBUCKS CORP | 0.04% | 6,265 | $621,000 |
| BN | BROOKFIELD CORP CL-A LVS | 0.03% | 16,650 | $524,000 |
| BOOT | BOOT BARN HLDGS INC | 0.03% | 8,253 | $516,000 |
| LEVI | LEVI STRAUSS & CO NEW | 0.03% | 32,939 | $511,000 |
| SLV | ISHARES SILVER TR | 0.03% | 23,000 | $506,000 |
| J | JACOBS SOLUTIONS INC | 0.03% | 4,114 | $494,000 |
| FAST | FASTENAL CO | 0.03% | 9,704 | $459,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.03% | 3,753 | $440,000 |
| BABA | ALIBABA GROUP HLDG LTD | 0.03% | 4,976 | $438,000 |
| KNX | KNIGHT-SWIFT TRANSN HLDGS IN | 0.03% | 8,046 | $422,000 |
| IYF | ISHARES TR | 0.01% | 3,051 | $230,000 |
| COST | COSTCO WHSL CORP NEW | 0.01% | 350 | $160,000 |
| GIB | CGI INC | 0.01% | 1,665 | $143,000 |
| RMD | RESMED INC | 0.01% | 437 | $91,000 |
| — | RITCHIE BROS AUCTIONEERS | 0.00% | 1,070 | $62,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.37% | 462,807 | $123,579,000 |
| AME | AMETEK INC | 6.50% | 846,848 | $96,041,000 |
| MKL | MARKEL CORP | 6.03% | 82,153 | $89,072,000 |
| SCHW | SCHWAB CHARLES CORP | 5.98% | 1,228,551 | $88,296,000 |
| GOOG | ALPHABET INC | 5.82% | 893,040 | $85,866,000 |
| FIVE | FIVE BELOW INC | 5.75% | 616,382 | $84,857,000 |
| KMX | CARMAX INC | 5.49% | 1,227,537 | $81,042,000 |
| HEI/A | HEICO CORP NEW | 5.16% | 665,048 | $76,228,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 4.96% | 465,237 | $73,210,000 |
| V | VISA INC | 4.33% | 360,179 | $63,986,000 |
| MTB | M & T BK CORP | 3.61% | 302,370 | $53,314,000 |
| PGR | PROGRESSIVE CORP | 3.55% | 450,924 | $52,402,000 |
| NVR | NVR INC | 3.43% | 12,696 | $50,620,000 |
| META | META PLATFORMS INC | 2.47% | 268,430 | $36,421,000 |
| EW | EDWARDS LIFESCIENCES CORP | 2.41% | 430,196 | $35,547,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 2.31% | 635,395 | $34,114,000 |
| SSNC | SS&C TECHNOLOGIES HLDGS INC | 2.31% | 712,786 | $34,036,000 |
| IBP | INSTALLED BLDG PRODS INC | 2.27% | 413,974 | $33,528,000 |
| ICE | INTERCONTINENTAL EXCHANGE IN | 2.15% | 350,613 | $31,678,000 |
| — | FIRST REP BK SAN FRANCISCO C | 1.94% | 219,420 | $28,645,000 |
| BAC | BK OF AMERICA CORP | 1.90% | 931,088 | $28,119,000 |
| CIEN | CIENA CORP | 1.87% | 682,286 | $27,585,000 |
| DIS | DISNEY WALT CO | 1.44% | 225,258 | $21,249,000 |
| GOOGL | ALPHABET INC | 1.30% | 199,944 | $19,125,000 |
| LULU | LULULEMON ATHLETICA INC | 1.14% | 59,953 | $16,760,000 |
| FND | FLOOR & DECOR HLDGS INC | 1.12% | 235,613 | $16,554,000 |
| LFUS | LITTLEFUSE INC | 0.94% | 69,928 | $13,894,000 |
| SNBRQ | SLEEP NUMBER CORP | 0.88% | 386,262 | $13,060,000 |
| — | ARISTA NETWORKS INC | 0.72% | 93,983 | $10,610,000 |
| ATHM | AUTOHOME INC | 0.67% | 341,881 | $9,832,000 |
| OZK | BANK OZK | 0.57% | 211,023 | $8,348,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.49% | 16,534 | $7,242,000 |
| MA | MASTERCARD INCORPORATED | 0.30% | 15,507 | $4,409,000 |
| ADI | ANALOG DEVICES INC | 0.25% | 26,135 | $3,642,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.22% | 8 | $3,252,000 |
| JPM | JPMORGAN CHASE & CO | 0.20% | 28,519 | $2,980,000 |
| COHR | COHERENT CORP | 0.18% | 74,202 | $2,586,000 |
| AAPL | APPLE INC | 0.14% | 14,638 | $2,023,000 |
| SPY | SPDR S&P 500 ETF TR | 0.12% | 4,761 | $1,701,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.07% | 4,067 | $1,012,000 |
| MSFT | MICROSOFT CORP | 0.06% | 3,578 | $833,000 |
| CPRT | COPART INC | 0.05% | 6,871 | $731,000 |
| — | BROOKFIELD ASSET MGMT INC | 0.05% | 16,650 | $681,000 |
| GLD | SPDR GOLD TR | 0.04% | 4,265 | $660,000 |
| NVO | NOVO-NORDISK A S | 0.04% | 6,200 | $618,000 |
| TJX | TJX COS INC NEW | 0.04% | 9,197 | $571,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.04% | 8,240 | $565,000 |
| SBUX | STARBUCKS CORP | 0.04% | 6,265 | $528,000 |
| ROP | ROPER TECHNOLOGIES INC | 0.04% | 1,460 | $525,000 |
| BOOT | BOOT BARN HLDGS INC | 0.03% | 8,253 | $482,000 |
| ITB | ISHARES TR | 0.03% | 9,254 | $482,000 |
| LEVI | LEVI STRAUSS & CO NEW | 0.03% | 32,939 | $477,000 |
| FAST | FASTENAL CO | 0.03% | 9,704 | $447,000 |
| SLV | ISHARES SILVER TR | 0.03% | 23,000 | $403,000 |
| BABA | ALIBABA GROUP HLDG LTD | 0.03% | 4,976 | $398,000 |
| KNX | KNIGHT-SWIFT TRANSN HLDGS IN | 0.03% | 8,046 | $394,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.03% | 3,753 | $391,000 |
| IYF | ISHARES TR | 0.01% | 3,110 | $210,000 |
| COST | COSTCO WHSL CORP NEW | 0.01% | 350 | $165,000 |
| LLY | LILLY ELI & CO | 0.01% | 432 | $140,000 |
| GIB | CGI INC | 0.01% | 1,665 | $125,000 |
| RMD | RESMED INC | 0.01% | 437 | $95,000 |
| — | RITCHIE BROS AUCTIONEERS | 0.00% | 1,070 | $67,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.23% | 457,702 | $124,962,000 |
| KMX | CARMAX INC | 7.14% | 1,196,904 | $108,296,000 |
| MKL | MARKEL CORP | 6.86% | 80,529 | $104,144,000 |
| GOOG | ALPHABET INC | 6.34% | 44,012 | $96,274,000 |
| AME | AMETEK INC | 5.99% | 827,669 | $90,953,000 |
| SCHW | SCHWAB CHARLES CORP | 4.97% | 1,193,743 | $75,421,000 |
| HEI/A | HEICO CORP NEW | 4.57% | 657,751 | $69,314,000 |
| V | VISA INC | 4.56% | 351,620 | $69,230,000 |
| FIVE | FIVE BELOW INC | 4.55% | 609,291 | $69,112,000 |
| PGR | PROGRESSIVE CORP | 4.43% | 578,839 | $67,302,000 |
| NVR | NVR INC | 4.36% | 16,512 | $66,116,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 4.16% | 458,119 | $63,152,000 |
| MTB | M & T BK CORP | 3.14% | 298,520 | $47,581,000 |
| META | META PLATFORMS INC | 2.80% | 263,790 | $42,536,000 |
| SSNC | SS&C TECHNOLOGIES HLDGS INC | 2.68% | 700,520 | $40,679,000 |
| EW | EDWARDS LIFESCIENCES CORP | 2.61% | 416,882 | $39,641,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 2.44% | 618,147 | $37,015,000 |
| IBP | INSTALLED BLDG PRODS INC | 2.23% | 407,893 | $33,920,000 |
| ICE | INTERCONTINENTAL EXCHANGE IN | 2.13% | 344,403 | $32,388,000 |
| JPM | JPMORGAN CHASE & CO | 2.11% | 284,157 | $31,999,000 |
| CIEN | CIENA CORP | 2.03% | 674,517 | $30,825,000 |
| BAC | BK OF AMERICA CORP | 1.91% | 928,977 | $28,919,000 |
| DIS | DISNEY WALT CO | 1.39% | 222,976 | $21,049,000 |
| GOOGL | ALPHABET INC | 1.38% | 9,603 | $20,927,000 |
| LFUS | LITTLEFUSE INC | 1.16% | 69,179 | $17,574,000 |
| ATHM | AUTOHOME INC | 0.88% | 338,167 | $13,300,000 |
| SNBRQ | SLEEP NUMBER CORP | 0.78% | 382,403 | $11,835,000 |
| — | ARISTA NETWORKS INC | 0.56% | 90,579 | $8,491,000 |
| OZK | BANK OZK | 0.51% | 208,055 | $7,808,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.48% | 15,522 | $7,348,000 |
| MA | MASTERCARD INCORPORATED | 0.31% | 15,010 | $4,735,000 |
| — | FIRST REP BK SAN FRANCISCO C | 0.28% | 29,056 | $4,190,000 |
| ADI | ANALOG DEVICES INC | 0.24% | 25,386 | $3,709,000 |
| — | II-VI INC | 0.24% | 71,663 | $3,651,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.22% | 8 | $3,272,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.21% | 50,835 | $3,201,000 |
| AAPL | APPLE INC | 0.13% | 14,638 | $2,001,000 |
| SPY | SPDR S&P 500 ETF TR | 0.12% | 4,770 | $1,799,000 |
| LULU | LULULEMON ATHLETICA INC | 0.08% | 4,615 | $1,258,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.07% | 4,067 | $1,042,000 |
| MSFT | MICROSOFT CORP | 0.06% | 3,578 | $919,000 |
| — | BROOKFIELD ASSET MGMT INC | 0.05% | 16,989 | $756,000 |
| CPRT | COPART INC | 0.05% | 6,871 | $747,000 |
| GLD | SPDR GOLD TR | 0.05% | 4,265 | $718,000 |
| NVO | NOVO-NORDISK A S | 0.05% | 6,200 | $691,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.04% | 8,240 | $674,000 |
| ROP | ROPER TECHNOLOGIES INC | 0.04% | 1,460 | $576,000 |
| BABA | ALIBABA GROUP HLDG LTD | 0.04% | 5,051 | $574,000 |
| BOOT | BOOT BARN HLDGS INC | 0.04% | 8,253 | $569,000 |
| LEVI | LEVI STRAUSS & CO NEW | 0.04% | 32,939 | $538,000 |
| TJX | TJX COS INC NEW | 0.03% | 9,197 | $514,000 |
| FAST | FASTENAL CO | 0.03% | 9,704 | $484,000 |
| SBUX | STARBUCKS CORP | 0.03% | 6,322 | $483,000 |
| ITB | ISHARES TR | 0.03% | 8,578 | $450,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.03% | 3,753 | $446,000 |
| SLV | ISHARES SILVER TR | 0.03% | 23,000 | $429,000 |
| KNX | KNIGHT-SWIFT TRANSN HLDGS IN | 0.02% | 8,046 | $372,000 |
| IYF | ISHARES TR | 0.01% | 3,110 | $218,000 |
| COST | COSTCO WHSL CORP NEW | 0.01% | 350 | $168,000 |
| LLY | LILLY ELI & CO | 0.01% | 432 | $140,000 |
| GIB | CGI INC | 0.01% | 1,665 | $133,000 |
| RMD | RESMED INC | 0.01% | 437 | $92,000 |
| — | RITCHIE BROS AUCTIONEERS | 0.00% | 1,070 | $70,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.72% | 437,906 | $154,541,000 |
| GOOG | ALPHABET INC | 6.56% | 41,581 | $116,135,000 |
| MKL | MARKEL CORP | 6.54% | 78,559 | $115,893,000 |
| KMX | CARMAX INC | 6.27% | 1,151,981 | $111,143,000 |
| AME | AMETEK INC | 6.06% | 805,918 | $107,332,000 |
| SCHW | SCHWAB CHARLES CORP | 5.49% | 1,152,883 | $97,200,000 |
| HEI/A | HEICO CORP NEW | 5.48% | 631,922 | $97,025,000 |
| PGR | PROGRESSIVE CORP | 4.63% | 719,935 | $82,065,000 |
| FIVE | FIVE BELOW INC | 4.42% | 494,638 | $78,336,000 |
| V | VISA INC | 4.29% | 343,052 | $76,079,000 |
| NVR | NVR INC | 3.97% | 15,731 | $70,275,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 3.89% | 435,897 | $68,859,000 |
| META | META PLATFORMS INC | 3.23% | 257,017 | $57,150,000 |
| SSNC | SS&C TECHNOLOGIES HLDGS INC | 2.84% | 671,348 | $50,365,000 |
| MTB | M & T BK CORP | 2.78% | 290,587 | $49,254,000 |
| EW | EDWARDS LIFESCIENCES CORP | 2.69% | 405,091 | $47,687,000 |
| ICE | INTERCONTINENTAL EXCHANGE IN | 2.47% | 330,909 | $43,720,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 2.43% | 580,620 | $43,128,000 |
| CIEN | CIENA CORP | 2.21% | 645,971 | $39,165,000 |
| JPM | JPMORGAN CHASE & CO | 2.13% | 276,548 | $37,699,000 |
| BAC | BK OF AMERICA CORP | 2.05% | 882,373 | $36,371,000 |
| IBP | INSTALLED BLDG PRODS INC | 1.90% | 397,624 | $33,595,000 |
| DIS | DISNEY WALT CO | 1.62% | 209,559 | $28,743,000 |
| GOOGL | ALPHABET INC | 1.48% | 9,426 | $26,217,000 |
| SNBRQ | SLEEP NUMBER CORP | 1.03% | 360,640 | $18,288,000 |
| — | ARISTA NETWORKS INC | 0.70% | 88,735 | $12,332,000 |
| ATHM | AUTOHOME INC | 0.57% | 330,427 | $10,048,000 |
| OZK | BANK OZK | 0.49% | 203,337 | $8,682,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.47% | 15,075 | $8,297,000 |
| MA | MASTERCARD INCORPORATED | 0.30% | 14,955 | $5,345,000 |
| — | II-VI INC | 0.29% | 71,425 | $5,178,000 |
| LBRDK | LIBERTY BROADBAND CORP | 0.26% | 34,474 | $4,665,000 |
| — | FIRST REP BK SAN FRANCISCO C | 0.26% | 28,270 | $4,583,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.24% | 8 | $4,231,000 |
| AAPL | APPLE INC | 0.14% | 14,638 | $2,556,000 |
| SPY | SPDR S&P 500 ETF TR | 0.12% | 4,770 | $2,154,000 |
| LULU | LULULEMON ATHLETICA INC | 0.10% | 4,615 | $1,686,000 |
| UNH | UNITEDHEALTH GROUP INC | 0.07% | 2,435 | $1,242,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.07% | 4,067 | $1,215,000 |
| MSFT | MICROSOFT CORP | 0.06% | 3,578 | $1,103,000 |
| — | BROOKFIELD ASSET MGMT INC | 0.05% | 16,989 | $961,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.05% | 8,240 | $859,000 |
| BOOT | BOOT BARN HLDGS INC | 0.04% | 8,253 | $782,000 |
| GLD | SPDR GOLD TR | 0.04% | 4,265 | $770,000 |
| ADI | ANALOG DEVICES INC | 0.04% | 4,578 | $756,000 |
| LFUS | LITTELFUSE INC | 0.04% | 2,770 | $691,000 |
| NVO | NOVO-NORDISK A S | 0.04% | 6,200 | $689,000 |
| ROP | ROPER TECHNOLOGIES INC | 0.04% | 1,460 | $689,000 |
| LEVI | LEVI STRAUSS & CO NEW | 0.04% | 32,939 | $651,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.03% | 3,753 | $607,000 |
| FAST | FASTENAL CO | 0.03% | 9,704 | $576,000 |
| SBUX | STARBUCKS CORP | 0.03% | 6,322 | $575,000 |
| TJX | TJX COS INC NEW | 0.03% | 9,197 | $557,000 |
| BABA | ALIBABA GROUP HLDG LTD | 0.03% | 4,976 | $541,000 |
| SLV | ISHARES SILVER TR | 0.03% | 23,000 | $526,000 |
| KNX | KNIGHT-SWIFT TRANSN HLDGS IN | 0.02% | 8,046 | $406,000 |
| ITB | ISHARES TR | 0.02% | 6,681 | $396,000 |
| IYF | ISHARES TR | 0.01% | 3,110 | $263,000 |
| COST | COSTCO WHSL CORP NEW | 0.01% | 350 | $202,000 |
| GIB | CGI INC | 0.01% | 1,665 | $133,000 |
| LLY | LILLY ELI & CO | 0.01% | 432 | $124,000 |
| RMD | RESMED INC | 0.01% | 437 | $106,000 |
| — | RITCHIE BROS AUCTIONEERS | 0.00% | 1,070 | $63,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 8.85% | 554,588 | $165,822,000 |
| KMX | CARMAX INC | 7.71% | 1,109,239 | $144,456,000 |
| AME | AMETEK INC | 6.22% | 793,433 | $116,666,000 |
| GOOG | ALPHABET INC | 6.22% | 40,297 | $116,603,000 |
| SCHW | SCHWAB CHARLES CORP | 5.13% | 1,142,461 | $96,081,000 |
| MKL | MARKEL CORP | 5.02% | 76,314 | $94,171,000 |
| NVR | NVR INC | 4.92% | 15,622 | $92,308,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 4.79% | 434,886 | $89,808,000 |
| PGR | PROGRESSIVE CORP | 4.47% | 816,752 | $83,840,000 |
| META | META PLATFORMS INC | 4.46% | 248,311 | $83,519,000 |
| HEI/A | HEICO CORP NEW | 4.24% | 618,391 | $79,476,000 |
| V | VISA INC | 3.90% | 337,580 | $73,157,000 |
| FIVE | FIVE BELOW INC | 3.83% | 346,629 | $71,714,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 3.29% | 577,718 | $61,758,000 |
| EW | EDWARDS LIFESCIENCES CORP | 2.80% | 405,762 | $52,566,000 |
| SSNC | SS&C TECHNOLOGIES HLDGS INC | 2.78% | 635,433 | $52,093,000 |
| ICE | INTERCONTINENTAL EXCHANGE IN | 2.43% | 332,894 | $45,530,000 |
| MTB | M & T BK CORP | 2.31% | 282,384 | $43,369,000 |
| JPM | JPMORGAN CHASE & CO | 2.26% | 267,287 | $42,325,000 |
| BAC | BK OF AMERICA CORP | 2.08% | 877,569 | $39,043,000 |
| DIS | DISNEY WALT CO | 1.73% | 209,162 | $32,397,000 |
| SNBRQ | SLEEP NUMBER CORP | 1.47% | 358,590 | $27,468,000 |
| GOOGL | ALPHABET INC | 1.45% | 9,379 | $27,171,000 |
| CIEN | CIENA CORP | 1.37% | 332,984 | $25,630,000 |
| IBP | INSTALLED BLDG PRODS INC | 1.18% | 157,758 | $22,042,000 |
| — | ARISTA NETWORKS INC | 0.67% | 87,136 | $12,526,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.55% | 14,920 | $10,260,000 |
| ATHM | AUTOHOME INC | 0.52% | 327,698 | $9,661,000 |
| OZK | BANK OZK | 0.45% | 180,120 | $8,381,000 |
| LBRDK | LIBERTY BROADBAND CORP | 0.32% | 36,865 | $5,939,000 |
| — | FIRST REP BK SAN FRANCISCO C | 0.30% | 27,241 | $5,626,000 |
| MA | MASTERCARD INCORPORATED | 0.28% | 14,547 | $5,227,000 |
| — | II-VI INC | 0.26% | 70,068 | $4,788,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.19% | 8 | $3,605,000 |
| AAPL | APPLE INC | 0.15% | 16,276 | $2,890,000 |
| AMZN | AMAZON COM INC | 0.13% | 758 | $2,527,000 |
| SPY | SPDR S&P 500 ETF TR | 0.13% | 5,030 | $2,389,000 |
| UNH | UNITEDHEALTH GROUP INC | 0.11% | 4,063 | $2,040,000 |
| LULU | LULULEMON ATHLETICA INC | 0.10% | 4,615 | $1,807,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.08% | 13,183 | $1,586,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.08% | 4,067 | $1,458,000 |
| — | BROOKFIELD ASSET MGMT INC | 0.07% | 16,989 | $1,298,000 |
| MSFT | MICROSOFT CORP | 0.06% | 3,578 | $1,203,000 |
| W | WAYFAIR INC | 0.06% | 5,602 | $1,064,000 |
| BOOT | BOOT BARN HLDGS INC | 0.05% | 8,253 | $1,016,000 |
| SITE | SITEONE LANDSCAPE SUPPLY INC | 0.05% | 3,753 | $909,000 |
| LFUS | LITTELFUSE INC | 0.05% | 2,770 | $872,000 |
| LEVI | LEVI STRAUSS & CO NEW | 0.04% | 32,939 | $824,000 |
| ADI | ANALOG DEVICES INC | 0.04% | 4,578 | $805,000 |
| SBUX | STARBUCKS CORP | 0.04% | 6,322 | $739,000 |
| GLD | SPDR GOLD TR | 0.04% | 4,265 | $729,000 |
| ROP | ROPER TECHNOLOGIES INC | 0.04% | 1,460 | $718,000 |
| TJX | TJX COS INC NEW | 0.04% | 9,197 | $698,000 |
| NVO | NOVO-NORDISK A S | 0.04% | 6,200 | $694,000 |
| FAST | FASTENAL CO | 0.03% | 9,704 | $622,000 |
| BABA | ALIBABA GROUP HLDG LTD | 0.03% | 4,976 | $591,000 |
| SLV | ISHARES SILVER TR | 0.03% | 23,000 | $495,000 |
| KNX | KNIGHT-SWIFT TRANSN HLDGS IN | 0.03% | 8,046 | $490,000 |
| ITB | ISHARES TR | 0.02% | 4,181 | $347,000 |
| IYF | ISHARES TR | 0.01% | 3,110 | $270,000 |
| GIB | CGI INC | 0.01% | 1,665 | $147,000 |
| LLY | LILLY ELI & CO | 0.01% | 432 | $119,000 |
| RMD | RESMED INC | 0.01% | 437 | $114,000 |
| — | RITCHIE BROS AUCTIONEERS | 0.00% | 1,070 | $65,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 12.17% | 747,544 | $204,035,000 |
| KMX | CARMAX INC | 8.85% | 1,159,579 | $148,380,000 |
| GOOG | ALPHABET INC | 6.32% | 39,741 | $105,922,000 |
| AME | AMETEK INC | 5.67% | 766,249 | $95,023,000 |
| MKL | MARKEL CORP | 5.29% | 74,212 | $88,693,000 |
| META | FACEBOOK INC | 5.02% | 248,158 | $84,222,000 |
| SCHW | SCHWAB CHARLES CORP | 4.86% | 1,119,111 | $81,516,000 |
| V | VISA INC | 4.40% | 331,063 | $73,744,000 |
| NVR | NVR INC | 4.40% | 15,376 | $73,714,000 |
| PGR | PROGRESSIVE CORP | 4.32% | 800,896 | $72,393,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 4.22% | 430,380 | $70,707,000 |
| HEI/A | HEICO CORP NEW | 4.21% | 595,976 | $70,581,000 |
| JPM | JPMORGAN CHASE & CO | 3.73% | 381,770 | $62,492,000 |
| FIVE | FIVE BELOW INC | 3.52% | 333,458 | $58,959,000 |
| BAC | BK OF AMERICA CORP | 3.41% | 1,349,092 | $57,269,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 2.98% | 558,812 | $49,969,000 |
| EW | EDWARDS LIFESCIENCES CORP | 2.71% | 402,150 | $45,527,000 |
| ICE | INTERCONTINENTAL EXCHANGE IN | 2.16% | 315,808 | $36,261,000 |
| DIS | DISNEY WALT CO | 2.02% | 200,300 | $33,885,000 |
| SNBRQ | SLEEP NUMBER CORP | 1.93% | 347,091 | $32,446,000 |
| GOOGL | ALPHABET INC | 1.50% | 9,429 | $25,209,000 |
| ATHM | AUTOHOME INC | 1.03% | 368,701 | $17,303,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.59% | 16,986 | $9,942,000 |
| HCSG | HEALTHCARE SVCS GROUP INC | 0.55% | 370,166 | $9,250,000 |
| SSNC | SS&C TECHNOLOGIES HLDGS INC | 0.51% | 122,870 | $8,527,000 |
| — | ARISTA NETWORKS INC | 0.49% | 24,148 | $8,298,000 |
| OZK | BANK OZK | 0.46% | 178,572 | $7,675,000 |
| LBRDA | LIBERTY BROADBAND CORP | 0.36% | 35,455 | $5,969,000 |
| — | FIRST REP BK SAN FRANCISCO C | 0.31% | 26,944 | $5,197,000 |
| MA | MASTERCARD INCORPORATED | 0.27% | 13,199 | $4,589,000 |
| — | II-VI INC | 0.23% | 64,414 | $3,824,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.20% | 8 | $3,291,000 |
| AMZN | AMAZON COM INC | 0.14% | 703 | $2,309,000 |
| SPY | SPDR S&P 500 ETF TR | 0.12% | 4,852 | $2,082,000 |
| LULU | LULULEMON ATHLETICA INC | 0.11% | 4,615 | $1,868,000 |
| AAPL | APPLE INC | 0.10% | 11,438 | $1,618,000 |
| UNH | UNITEDHEALTH GROUP INC | 0.09% | 3,820 | $1,493,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.08% | 12,448 | $1,390,000 |
| W | WAYFAIR INC | 0.08% | 5,439 | $1,390,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.07% | 4,067 | $1,163,000 |
| MSFT | MICROSOFT CORP | 0.06% | 3,578 | $1,009,000 |
| — | BROOKFIELD ASSET MGMT INC | 0.05% | 16,989 | $909,000 |
| LFUS | LITTELFUSE INC | 0.05% | 2,770 | $757,000 |
| BABA | ALIBABA GROUP HLDG LTD | 0.04% | 4,976 | $737,000 |
| MTB | M & T BK CORP | 0.04% | 4,683 | $699,000 |
| SBUX | STARBUCKS CORP | 0.04% | 6,327 | $698,000 |
| ROP | ROPER TECHNOLOGIES INC | 0.04% | 1,460 | $651,000 |
| TJX | TJX COS INC NEW | 0.04% | 9,539 | $629,000 |
| NVO | NOVO-NORDISK A S | 0.04% | 6,200 | $595,000 |
| FAST | FASTENAL CO | 0.03% | 9,704 | $501,000 |
| SLV | ISHARES SILVER TR | 0.03% | 23,000 | $472,000 |
| KNX | KNIGHT-SWIFT TRANSN HLDGS IN | 0.02% | 8,046 | $412,000 |
| IYF | ISHARES US FINANCIALS ETF | 0.02% | 3,110 | $257,000 |
| ITB | ISHARES US HOME CONSTRUCT | 0.01% | 3,661 | $242,000 |
| GIB | CGI INC | 0.01% | 1,665 | $141,000 |
| RMD | RESMED INC | 0.01% | 437 | $115,000 |
| LLY | LILLY ELI & CO | 0.01% | 432 | $100,000 |
| — | RITCHIE BROS AUCTIONEERS | 0.00% | 1,070 | $66,000 |
| ISRG | INTUITIVE SURGICAL INC | 0.00% | 135 | $45,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 12.04% | 747,544 | $204,035,000 |
| KMX | CARMAX INC | 8.76% | 1,159,579 | $148,380,000 |
| GOOG | ALPHABET INC | 6.25% | 39,741 | $105,922,000 |
| AME | AMETEK INC | 5.61% | 766,249 | $95,023,000 |
| MKL | MARKEL CORP | 5.23% | 74,212 | $88,693,000 |
| META | FACEBOOK INC | 4.97% | 248,158 | $84,222,000 |
| SCHW | SCHWAB CHARLES CORP | 4.81% | 1,119,111 | $81,516,000 |
| V | VISA INC | 4.35% | 331,063 | $73,744,000 |
| NVR | NVR INC | 4.35% | 15,376 | $73,714,000 |
| PGR | PROGRESSIVE CORP | 4.27% | 800,896 | $72,393,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 4.17% | 430,380 | $70,707,000 |
| HEI/A | HEICO CORP NEW | 4.16% | 595,976 | $70,581,000 |
| JPM | JPMORGAN CHASE & CO | 3.69% | 381,770 | $62,492,000 |
| FIVE | FIVE BELOW INC | 3.48% | 333,458 | $58,959,000 |
| BAC | BK OF AMERICA CORP | 3.38% | 1,349,092 | $57,269,000 |
| FBIN | FORTUNE BRANDS HOME & SEC IN | 2.95% | 558,812 | $49,969,000 |
| EW | EDWARDS LIFESCIENCES CORP | 2.69% | 402,150 | $45,527,000 |
| ICE | INTERCONTINENTAL EXCHANGE IN | 2.14% | 315,808 | $36,261,000 |
| DIS | DISNEY WALT CO | 2.00% | 200,300 | $33,885,000 |
| SNBRQ | SLEEP NUMBER CORP | 1.91% | 347,091 | $32,446,000 |
| GOOGL | ALPHABET INC | 1.49% | 9,429 | $25,209,000 |
| ISRG | INTUITIVE SURGICAL INC | 1.26% | 64,549 | $21,390,000 |
| ATHM | AUTOHOME INC | 1.02% | 368,701 | $17,303,000 |
| CACC | CREDIT ACCEP CORP MICH | 0.59% | 16,986 | $9,942,000 |
| HCSG | HEALTHCARE SVCS GROUP INC | 0.55% | 370,166 | $9,250,000 |
| SSNC | SS&C TECHNOLOGIES HLDGS INC | 0.50% | 122,870 | $8,527,000 |
| — | ARISTA NETWORKS INC | 0.49% | 24,148 | $8,298,000 |
| OZK | BANK OZK | 0.45% | 178,572 | $7,675,000 |
| LBRDA | LIBERTY BROADBAND CORP | 0.35% | 35,455 | $5,969,000 |
| — | FIRST REP BK SAN FRANCISCO C | 0.31% | 26,944 | $5,197,000 |
| MA | MASTERCARD INCORPORATED | 0.27% | 13,199 | $4,589,000 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 0.19% | 8 | $3,291,000 |
| AMZN | AMAZON COM INC | 0.14% | 703 | $2,309,000 |
| SPY | SPDR S&P 500 ETF TR | 0.12% | 4,852 | $2,082,000 |
| LULU | LULULEMON ATHLETICA INC | 0.11% | 4,615 | $1,868,000 |
| AAPL | APPLE INC | 0.10% | 11,438 | $1,618,000 |
| UNH | UNITEDHEALTH GROUP INC | 0.09% | 3,820 | $1,493,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.08% | 12,448 | $1,390,000 |
| W | WAYFAIR INC | 0.08% | 5,439 | $1,390,000 |
| ODFL | OLD DOMINION FREIGHT LINE IN | 0.07% | 4,067 | $1,163,000 |
| MSFT | MICROSOFT CORP | 0.06% | 3,578 | $1,009,000 |
| — | BROOKFIELD ASSET MGMT INC | 0.05% | 16,989 | $909,000 |
| LFUS | LITTELFUSE INC | 0.04% | 2,770 | $757,000 |
| BABA | ALIBABA GROUP HLDG LTD | 0.04% | 4,976 | $737,000 |
| MTB | M & T BK CORP | 0.04% | 4,683 | $699,000 |
| SBUX | STARBUCKS CORP | 0.04% | 6,327 | $698,000 |
| ROP | ROPER TECHNOLOGIES INC | 0.04% | 1,460 | $651,000 |
| TJX | TJX COS INC NEW | 0.04% | 9,539 | $629,000 |
| NVO | NOVO-NORDISK A S | 0.04% | 6,200 | $595,000 |
| FAST | FASTENAL CO | 0.03% | 9,704 | $501,000 |
| SLV | ISHARES SILVER TR | 0.03% | 23,000 | $472,000 |
| KNX | KNIGHT-SWIFT TRANSN HLDGS IN | 0.02% | 8,046 | $412,000 |
| IYF | ISHARES US FINANCIALS ETF | 0.02% | 3,110 | $257,000 |
| ITB | ISHARES US HOME CONSTRUCT | 0.01% | 3,661 | $242,000 |
| GIB | CGI INC | 0.01% | 1,665 | $141,000 |
| RMD | RESMED INC | 0.01% | 437 | $115,000 |
| LLY | LILLY ELI & CO | 0.01% | 432 | $100,000 |
| — | RITCHIE BROS AUCTIONEERS | 0.00% | 1,070 | $66,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY-B-NEW | 12.44% | 735,744 | $204,478,000 |
| KMX | CARMAX INC | 8.73% | 1,110,864 | $143,468,000 |
| AME | AMETEK INC | 6.02% | 740,843 | $98,903,000 |
| GOOG | ALPHABET INC CL-C | 5.88% | 38,563 | $96,651,000 |
| MKL | MARKEL CORP HOLDING | 5.15% | 71,312 | $84,627,000 |
| META | FACEBOOK INC CL-A | 4.95% | 234,295 | $81,467,000 |
| V | VISA INC CLASS-A | 4.74% | 333,009 | $77,864,000 |
| SCHW | SCHWAB CHARLES CORP | 4.73% | 1,067,990 | $77,760,000 |
| PGR | PROGRESSIVE CORP OHIO | 4.60% | 770,619 | $75,682,000 |
| NVR | NVR INC | 4.57% | 15,094 | $75,067,000 |
| HEI/A | HEICO CORP CLASS A | 4.37% | 578,552 | $71,845,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 3.99% | 424,526 | $65,551,000 |
| FIVE | FIVE BELOW INC | 3.71% | 315,449 | $60,967,000 |
| JPM | JP MORGAN CHASE & CO | 3.44% | 363,488 | $56,537,000 |
| BAC | BANK OF AMERICA | 3.37% | 1,345,736 | $55,485,000 |
| FBIN | FORTUNE BRNDS HME&SEC | 3.31% | 546,551 | $54,442,000 |
| EW | EDWARDS LIFESCIENCES CORP | 2.55% | 405,529 | $42,001,000 |
| SNBRQ | SLEEP NUMBER CORP | 2.32% | 347,140 | $38,168,000 |
| DIS | DISNEY WALT COMPANY | 2.16% | 201,715 | $35,455,000 |
| ICE | INTERCONTINENTAL EXCHANGE | 2.16% | 298,565 | $35,440,000 |
| GOOGL | ALPHABET INC CL-A | 1.36% | 9,125 | $22,281,000 |
| ATHM | AUTOHOME INC CL-A ADR | 1.34% | 345,744 | $22,114,000 |
| HCSG | HEALTH CARE SERVICES GRP | 0.71% | 370,345 | $11,692,000 |
| OZK | BANK OZK | 0.46% | 179,075 | $7,550,000 |
| SSNC | SS&C TECHNOLOGIES INC | 0.36% | 82,023 | $5,911,000 |
| — | ARISTA NETWORKS INC | 0.35% | 16,036 | $5,810,000 |
| CACC | CREDIT ACCEPTANCE CORP | 0.27% | 9,727 | $4,417,000 |
| LBRDK | LIBERTY BROADBAND CORP | 0.22% | 20,482 | $3,557,000 |
| — | FIRST REP BK SAN FRANCISCO C | 0.21% | 18,158 | $3,399,000 |
| BRK/A | BERKSHIRE HATHAWAY-A | 0.20% | 8 | $3,349,000 |
| MA | MASTERCARD INC CL-A | 0.20% | 9,150 | $3,341,000 |
| SPY | SPDR S&P 500 ETF | 0.13% | 4,852 | $2,077,000 |
| LULU | LULULEMON ATHLETICA INC | 0.10% | 4,615 | $1,684,000 |
| AAPL | APPLE INC | 0.10% | 11,822 | $1,619,000 |
| AMZN | AMAZON COM INC | 0.10% | 466 | $1,603,000 |
| — | JACOBS ENGR GROUP INC | 0.09% | 11,477 | $1,531,000 |
| — | BROOKFIELD ASSET MGT-A LV | 0.07% | 16,989 | $1,074,000 |
| ODFL | OLD DOMINION FREIGHT LINE | 0.06% | 4,067 | $1,032,000 |
| TSM | TAIWAN SEMICON MAN SP/ADR | 0.06% | 8,240 | $990,000 |
| MSFT | MICROSOFT CORP | 0.06% | 3,578 | $969,000 |
| LFUS | LITTELFUSE INC | 0.04% | 2,788 | $710,000 |
| SBUX | STARBUCKS CORP | 0.04% | 6,327 | $707,000 |
| MTB | M & T BANK CORP | 0.04% | 4,683 | $680,000 |
| ROP | ROPER TECHNOLOGIES INC | 0.04% | 1,335 | $628,000 |
| SLV | ISHARES SILVER TR | 0.03% | 23,400 | $567,000 |
| TJX | TJX COMPANIES INC | 0.03% | 8,264 | $557,000 |
| NVO | NOVO-NORDISK A/S-ADR | 0.03% | 6,200 | $519,000 |
| FAST | FASTENAL CO | 0.03% | 8,954 | $466,000 |
| KNX | KNIGHT-SWIFT TRANSPORT-A | 0.02% | 8,046 | $366,000 |
| IYF | ISHARES US FINANCIALS ETF | 0.02% | 3,110 | $252,000 |
| ITB | ISHARES US HOME CONSTRUCT | 0.01% | 2,943 | $204,000 |
| GIB | CGI INC | 0.01% | 2,120 | $192,000 |
| ISRG | INTUITIVE SURGICAL | 0.01% | 135 | $124,000 |
| RMD | RESMED INC | 0.01% | 437 | $108,000 |
| LLY | ELI LILLY & CO | 0.01% | 432 | $99,000 |
| — | RITCHIE BROTHERS AUCTIONR | 0.00% | 1,070 | $79,000 |
| — | NEW GOLD INC CDA | 0.00% | 30,000 | $54,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY-B-NEW | 12.06% | 705,719 | $180,290,000 |
| KMX | CARMAX INC | 9.49% | 1,069,324 | $141,857,000 |
| AME | AMETEK INC | 6.13% | 717,954 | $91,704,000 |
| MKL | MARKEL CORP HOLDING | 5.19% | 68,082 | $77,588,000 |
| GOOG | ALPHABET INC CL-C | 5.16% | 37,279 | $77,116,000 |
| NVR | NVR INC | 4.58% | 14,549 | $68,539,000 |
| META | FACEBOOK INC CL-A | 4.56% | 231,615 | $68,218,000 |
| V | VISA INC CLASS-A | 4.48% | 316,218 | $66,953,000 |
| SCHW | SCHWAB CHARLES CORP | 4.46% | 1,022,002 | $66,614,000 |
| PGR | PROGRESSIVE CORP OHIO | 4.32% | 675,502 | $64,585,000 |
| HEI/A | HEICO CORP CLASS A | 4.18% | 550,321 | $62,516,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 3.91% | 407,590 | $58,448,000 |
| FIVE | FIVE BELOW INC | 3.88% | 303,705 | $57,944,000 |
| JPM | JP MORGAN CHASE & CO | 3.61% | 354,432 | $53,955,000 |
| FBIN | FORTUNE BRNDS HME&SEC | 3.36% | 524,553 | $50,263,000 |
| BAC | BANK OF AMERICA | 3.34% | 1,289,338 | $49,884,000 |
| SNBRQ | SLEEP NUMBER CORP | 3.26% | 339,846 | $48,765,000 |
| DIS | DISNEY WALT COMPANY | 2.32% | 187,998 | $34,689,000 |
| EW | EDWARDS LIFESCIENCES CORP | 2.18% | 390,140 | $32,631,000 |
| ICE | INTERCONTINENTAL EXCHANGE | 2.12% | 283,701 | $31,684,000 |
| ATHM | AUTOHOME INC CL-A ADR | 2.03% | 325,678 | $30,376,000 |
| GOOGL | ALPHABET INC CL-A | 1.19% | 8,658 | $17,857,000 |
| HCSG | HEALTH CARE SERVICES GRP | 0.68% | 364,312 | $10,212,000 |
| OZK | BANK OZK | 0.48% | 176,670 | $7,217,000 |
| SSNC | SS&C TECHNOLOGIES INC | 0.41% | 87,124 | $6,087,000 |
| — | ARISTA NETWORKS INC | 0.35% | 17,132 | $5,172,000 |
| CACC | CREDIT ACCEPTANCE CORP | 0.26% | 10,703 | $3,856,000 |
| MA | MASTERCARD INC CL-A | 0.24% | 9,989 | $3,557,000 |
| LBRDK | LIBERTY BROADBAND CORP | 0.22% | 21,730 | $3,263,000 |
| — | FIRST REP BK SAN FRANCISCO C | 0.22% | 19,409 | $3,236,000 |
| BRK/A | BERKSHIRE HATHAWAY-A | 0.21% | 8 | $3,086,000 |
| — | JACOBS ENGR GROUP INC | 0.14% | 16,089 | $2,080,000 |
| SPY | SPDR S&P 500 ETF | 0.13% | 4,852 | $1,923,000 |
| AMZN | AMAZON COM INC | 0.10% | 490 | $1,516,000 |
| AAPL | APPLE INC | 0.10% | 11,819 | $1,444,000 |
| LULU | LULULEMON ATHLETICA INC | 0.09% | 4,615 | $1,415,000 |
| TSM | TAIWAN SEMICON MAN SP/ADR | 0.07% | 9,277 | $1,097,000 |
| ODFL | OLD DOMINION FREIGHT LINE | 0.07% | 4,067 | $978,000 |
| MSFT | MICROSOFT CORP | 0.06% | 3,578 | $844,000 |
| — | BROOKFIELD ASSET MGT-A LV | 0.05% | 16,989 | $756,000 |
| LFUS | LITTELFUSE INC | 0.05% | 2,788 | $737,000 |
| SBUX | STARBUCKS CORP | 0.05% | 6,327 | $691,000 |
| TJX | TJX COMPANIES INC | 0.04% | 8,404 | $556,000 |
| ROP | ROPER TECHNOLOGIES INC | 0.04% | 1,335 | $538,000 |
| SLV | ISHARES SILVER TR | 0.03% | 23,000 | $522,000 |
| FAST | FASTENAL CO | 0.03% | 8,954 | $450,000 |
| NVO | NOVO-NORDISK A/S-ADR | 0.03% | 6,200 | $418,000 |
| KNX | KNIGHT-SWIFT TRANSPORT-A | 0.03% | 8,046 | $387,000 |
| IYF | ISHARES TR | 0.02% | 3,110 | $233,000 |
| ISRG | INTUITIVE SURGICAL | 0.01% | 135 | $100,000 |
| RMD | RESMED INC | 0.01% | 437 | $85,000 |
| LLY | ELI LILLY & CO | 0.01% | 432 | $81,000 |
| — | RITCHIE BROTHERS AUCTIONR | 0.00% | 1,070 | $63,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY-B-NEW | 12.28% | 690,317 | $160,064,000 |
| KMX | CARMAX INC | 8.08% | 1,115,937 | $105,411,000 |
| AME | AMETEK INC | 6.61% | 712,537 | $86,174,000 |
| V | VISA INC CLASS-A | 5.12% | 305,206 | $66,758,000 |
| GOOG | ALPHABET INC CL-C | 4.98% | 37,054 | $64,914,000 |
| PGR | PROGRESSIVE CORP OHIO | 4.96% | 654,224 | $64,690,000 |
| HEI/A | HEICO CORP CLASS A | 4.81% | 536,099 | $62,756,000 |
| META | FACEBOOK INC CL-A | 4.60% | 219,590 | $59,983,000 |
| NVR | NVR INC | 4.47% | 14,297 | $58,330,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 4.09% | 404,190 | $53,389,000 |
| SCHW | SCHWAB CHARLES CORP | 4.06% | 997,825 | $52,925,000 |
| FIVE | FIVE BELOW INC | 4.00% | 297,896 | $52,126,000 |
| MKL | MARKEL CORP HOLDING | 3.71% | 46,752 | $48,309,000 |
| FBIN | FORTUNE BRNDS HME&SEC | 3.39% | 515,998 | $44,231,000 |
| JPM | JP MORGAN CHASE & CO | 3.37% | 345,615 | $43,917,000 |
| BAC | BANK OF AMERICA | 2.97% | 1,277,648 | $38,726,000 |
| EW | EDWARDS LIFESCIENCES CORP | 2.71% | 387,814 | $35,380,000 |
| DIS | DISNEY WALT COMPANY | 2.62% | 188,443 | $34,142,000 |
| ICE | INTERCONTINENTAL EXCHANGE | 2.43% | 274,971 | $31,701,000 |
| ATHM | AUTOHOME INC CL-A ADR | 2.41% | 315,266 | $31,407,000 |
| SNBRQ | SLEEP NUMBER CORP | 2.07% | 329,758 | $26,994,000 |
| GOOGL | ALPHABET INC CL-A | 1.15% | 8,542 | $14,971,000 |
| OZK | BANK OZK | 0.85% | 356,092 | $11,135,000 |
| HCSG | HEALTH CARE SERVICES GRP | 0.78% | 361,849 | $10,168,000 |
| SSNC | SS&C TECHNOLOGIES INC | 0.47% | 83,871 | $6,102,000 |
| — | ARISTA NETWORKS INC | 0.36% | 16,319 | $4,742,000 |
| MA | MASTERCARD INC CL-A | 0.26% | 9,645 | $3,443,000 |
| CACC | CREDIT ACCEPTANCE CORP | 0.26% | 9,757 | $3,377,000 |
| LBRDK | LIBERTY BROADBAND CORP | 0.25% | 20,797 | $3,294,000 |
| BRK/A | BERKSHIRE HATHAWAY-A | 0.21% | 8 | $2,783,000 |
| — | FIRST REP BK SAN FRANCISCO C | 0.21% | 18,671 | $2,743,000 |
| TJX | TJX COMPANIES INC | 0.21% | 40,027 | $2,733,000 |
| SPY | SPDR S&P 500 ETF | 0.14% | 4,937 | $1,846,000 |
| — | JACOBS ENGR GROUP INC | 0.13% | 16,022 | $1,746,000 |
| LULU | LULULEMON ATHLETICA INC | 0.12% | 4,615 | $1,606,000 |
| AAPL | APPLE INC | 0.12% | 11,904 | $1,580,000 |
| AMZN | AMAZON COM INC | 0.12% | 466 | $1,518,000 |
| TSM | TAIWAN SEMICON MAN SP/ADR | 0.08% | 9,377 | $1,022,000 |
| MSFT | MICROSOFT CORP | 0.06% | 3,578 | $796,000 |
| ODFL | OLD DOMINION FREIGHT LINE | 0.06% | 4,067 | $794,000 |
| LFUS | LITTELFUSE INC | 0.05% | 2,788 | $710,000 |
| — | BROOKFIELD ASSET MGT-A LV | 0.05% | 16,989 | $701,000 |
| SBUX | STARBUCKS CORP | 0.05% | 6,327 | $677,000 |
| SLV | ISHARES SILVER TR | 0.04% | 23,000 | $565,000 |
| ROP | ROPER TECHNOLOGIES INC | 0.04% | 1,245 | $537,000 |
| FAST | FASTENAL CO | 0.03% | 8,954 | $437,000 |
| NVO | NOVO-NORDISK A/S-ADR | 0.03% | 6,200 | $433,000 |
| W | WAYFAIR INC | 0.03% | 1,525 | $344,000 |
| KNX | KNIGHT-SWIFT TRANSPORT-A | 0.03% | 8,046 | $336,000 |
| ISRG | INTUITIVE SURGICAL | 0.01% | 135 | $110,000 |
| RMD | RESMED INC | 0.01% | 437 | $93,000 |
| — | RITCHIE BROTHERS AUCTIONR | 0.01% | 1,070 | $74,000 |
| LLY | ELI LILLY & CO | 0.01% | 432 | $73,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| BRK/B | BERKSHIRE HATHAWAY-B-NEW | 13.16% | 674,157 | $143,555,000 |
| KMX | CARMAX INC | 9.09% | 1,078,615 | $99,136,000 |
| AME | AMETEK INC | 6.89% | 755,926 | $75,139,000 |
| V | VISA INC CLASS-A | 5.52% | 301,201 | $60,231,000 |
| PGR | PROGRESSIVE CORP OHIO | 5.33% | 614,264 | $58,152,000 |
| NVR | NVR INC | 5.23% | 13,960 | $57,000,000 |
| META | FACEBOOK INC CL-A | 5.08% | 211,661 | $55,434,000 |
| GOOG | ALPHABET INC CL-C | 4.87% | 36,160 | $53,141,000 |
| HEI/A | HEICO CORP CLASS A | 4.26% | 524,146 | $46,471,000 |
| MKL | MARKEL CORP HOLDING | 3.99% | 44,723 | $43,547,000 |
| FBIN | FORTUNE BRNDS HME&SEC | 3.99% | 502,647 | $43,489,000 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | 3.61% | 398,232 | $39,337,000 |
| FIVE | FIVE BELOW INC | 3.38% | 290,052 | $36,837,000 |
| SCHW | SCHWAB CHARLES CORP | 3.19% | 960,145 | $34,786,000 |
| JPM | JP MORGAN CHASE & CO | 2.97% | 336,528 | $32,398,000 |
| BAC | BANK OF AMERICA | 2.79% | 1,262,012 | $30,402,000 |
| EW | EDWARDS LIFESCIENCES CORP | 2.73% | 373,422 | $29,807,000 |
| ICE | INTERCONTINENTAL EXCHANGE | 2.44% | 266,489 | $26,662,000 |
| DIS | DISNEY WALT COMPANY | 2.06% | 181,188 | $22,482,000 |
| ATHM | AUTOHOME INC CL-A ADR | 1.71% | 194,817 | $18,702,000 |
| GOOGL | ALPHABET INC CL-A | 1.05% | 7,786 | $11,411,000 |
| SNBRQ | SLEEP NUMBER CORP | 0.96% | 213,410 | $10,438,000 |
| LFUS | LITTELFUSE INC | 0.94% | 57,501 | $10,197,000 |
| HCSG | HEALTH CARE SERVICES GRP | 0.70% | 356,693 | $7,680,000 |
| OZK | BANK OZK | 0.69% | 352,055 | $7,506,000 |
| SSNC | SS&C TECHNOLOGIES INC | 0.40% | 71,502 | $4,327,000 |
| — | ARISTA NETWORKS INC | 0.27% | 14,045 | $2,906,000 |
| MA | MASTERCARD INC CL-A | 0.26% | 8,266 | $2,795,000 |
| CACC | CREDIT ACCEPTANCE CORP | 0.25% | 8,023 | $2,717,000 |
| LBRDK | LIBERTY BROADBAND CORP | 0.23% | 17,926 | $2,561,000 |
| BRK/A | BERKSHIRE HATHAWAY-A | 0.23% | 8 | $2,560,000 |
| TJX | TJX COMPANIES INC | 0.18% | 35,392 | $1,970,000 |
| — | FIRST REP BK SAN FRANCISCO C | 0.17% | 16,601 | $1,811,000 |
| SPY | SPDR S&P 500 ETF | 0.16% | 5,295 | $1,773,000 |
| AMZN | AMAZON COM INC | 0.15% | 517 | $1,628,000 |
| LULU | LULULEMON ATHLETICA INC | 0.14% | 4,615 | $1,520,000 |
| — | JACOBS ENGR GROUP INC | 0.13% | 15,487 | $1,437,000 |
| W | WAYFAIR INC | 0.12% | 4,331 | $1,260,000 |
| AAPL | APPLE INC | 0.10% | 9,432 | $1,092,000 |
| TSM | TAIWAN SEMICON MAN SP/ADR | 0.09% | 12,397 | $1,005,000 |
| MSFT | MICROSOFT CORP | 0.07% | 3,529 | $742,000 |
| ODFL | OLD DOMINION FREIGHT LINE | 0.07% | 4,067 | $736,000 |
| — | BROOKFIELD ASSET MGT-A LV | 0.05% | 16,989 | $562,000 |
| SBUX | STARBUCKS CORP | 0.05% | 6,327 | $544,000 |
| SLV | ISHARES SILVER TR | 0.05% | 23,000 | $498,000 |
| ROP | ROPER TECHNOLOGIES INC | 0.05% | 1,245 | $492,000 |
| NVO | NOVO-NORDISK A/S-ADR | 0.04% | 6,200 | $430,000 |
| FAST | FASTENAL CO | 0.04% | 8,954 | $404,000 |
| KNX | KNIGHT-SWIFT TRANSPORT-A | 0.03% | 8,046 | $327,000 |
| LBRDA | LIBERTY BROADBAND CO CLASS A | 0.02% | 1,205 | $171,000 |
| ISRG | INTUITIVE SURGICAL | 0.01% | 135 | $96,000 |
| RMD | RESMED INC | 0.01% | 437 | $75,000 |
| LLY | ELI LILLY & CO | 0.01% | 432 | $64,000 |
| — | RITCHIE BROTHERS AUCTIONR | 0.01% | 1,070 | $63,000 |
Investor background
François Rochon
“Fads come and go, but sound principles endure”
François Rochon is the founder, president and portfolio manager of Giverny Capital, a Montreal-based investment firm established in 1998. Trained as an engineer at École Polytechnique de Montréal, he began managing family capital in 1993 before joining Montrusco & Associates, where he managed more than $250 million in US equity accounts. His original family portfolio, now known as the Rochon Global Portfolio, remains the model for Giverny’s client accounts.
Rochon invests as a long-term business owner. Giverny typically holds a relatively concentrated portfolio of approximately 20 to 30 companies with durable competitive advantages, high returns on equity, sound balance sheets, capable management and substantial opportunities to reinvest capital. He seeks to purchase these businesses at valuations that allow returns to come primarily from growth in per-share intrinsic value rather than market timing or multiple expansion.
Rochon qualifies as a super investor because his process has produced both longevity and measurable excess returns. Through 2025, the Rochon Global Portfolio compounded at 14.7% annually since July 1993, compared with 9.9% for its weighted benchmark. His annual letters are unusually valuable because they connect portfolio returns with the operating performance of the underlying companies and openly revisit mistakes through Giverny’s annual “Podium of Errors.”
Rochon is not merely Giverny’s public spokesman: he remains its president, portfolio manager and the manager of the family portfolio underlying the firm’s model. However, investment research is collaborative, several partners participate in security selection, and David Poppe manages the affiliated Giverny Capital Asset Management business in New York.
- Giverny Capital — François Rochon Official Profile ↗
- Giverny Capital — Letters to Partners ↗
- Giverny Capital — Historical Portfolio Returns ↗
- Giverny Capital — 2025 Annual Letter ↗
- Value Investor Insight — François Rochon Interview, 2015 ↗
- The Investor’s Podcast — William Green Interviews François Rochon ↗
- WealthTrack — The Art of Investing with François Rochon ↗