Holdings
| BRK/A BERKSHIRE HATHAWAY INC-CL A | $889.5M | 7.9% | 1,114 | — | — | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | $815.9M | 7.2% | 1,531,971 | — | — | Held |
| BN BROOKFIELD CORP | $456.8M | 4.1% | 8,715,741 | — | — | Held |
| GOOG ALPHABET INC-CL C | $429.6M | 3.8% | 2,749,860 | — | — | Held |
| DE DEERE & CO | $411.9M | 3.7% | 877,700 | +2,750 | +0.3% | Added |
| AMZN AMAZON.COM INC | $386.4M | 3.4% | 2,030,760 | — | — | Held |
| V VISA INC-CLASS A SHARES | $350.2M | 3.1% | 999,285 | — | — | Held |
| HD HOME DEPOT INC | $337.2M | 3.0% | 920,000 | — | — | Held |
| WSO WATSCO INC | $300.2M | 2.7% | 590,500 | — | — | Held |
| AAPL APPLE INC | $272.6M | 2.4% | 1,227,290 | — | — | Held |
| ADI ANALOG DEVICES INC | $235.5M | 2.1% | 1,167,671 | — | — | Held |
| PGR PROGRESSIVE CORP | $213.3M | 1.9% | 753,750 | — | — | Held |
| BLK BLACKROCK INC | $208.4M | 1.9% | 220,200 | — | — | Held |
| DIS WALT DISNEY CO | $200.5M | 1.8% | 2,031,665 | — | — | Held |
| GS GOLDMAN SACHS GROUP INC | $196.3M | 1.7% | 359,360 | — | — | Held |
| MSFT MICROSOFT CORP | $196.2M | 1.7% | 522,730 | +3,250 | +0.6% | Added |
| RLI RLI CORP | $192.4M | 1.7% | 2,394,544 | +1,197,272 | +100.0% | Added |
| MRSH MARSH & MCLENNAN COS | $181.4M | 1.6% | 743,500 | +8,000 | +1.1% | Added |
| LPLA LPL FINANCIAL HOLDINGS INC | $176.4M | 1.6% | 539,104 | +6,700 | +1.3% | Added |
| BX BLACKSTONE INC | $171.8M | 1.5% | 1,229,000 | — | — | Held |
| KKR KKR & CO INC | $167.8M | 1.5% | 1,451,800 | — | — | Held |
| LOW LOWE'S COS INC | $165.2M | 1.5% | 708,230 | +6,750 | +1.0% | Added |
| META META PLATFORMS INC-CLASS A | $161.4M | 1.4% | 280,081 | +1,700 | +0.6% | Added |
| NVO NOVO-NORDISK A/S-SPONS ADR | $149.3M | 1.3% | 2,150,000 | — | — | Held |
| DEO DIAGEO PLC-SPONSORED ADR | $143.2M | 1.3% | 1,366,708 | — | — | Held |
| APO APOLLO GLOBAL MANAGEMENT INC | $138.7M | 1.2% | 1,012,500 | — | — | Held |
| AXP AMERICAN EXPRESS CO | $130.3M | 1.2% | 484,250 | — | — | Held |
| TXN TEXAS INSTRUMENTS INC | $130.1M | 1.2% | 724,000 | — | — | Held |
| MA MASTERCARD INC - A | $113.8M | 1.0% | 207,540 | — | — | Held |
| CAT CATERPILLAR INC | $108.2M | 1.0% | 328,050 | +3,250 | +1.0% | Added |
| SCHW SCHWAB (CHARLES) CORP | $106.8M | 0.9% | 1,364,800 | +1,000 | +0.1% | Added |
| GD GENERAL DYNAMICS CORP | $106.6M | 0.9% | 391,000 | — | — | Held |
| BAM BROOKFIELD ASSET MGMT-A | $106.3M | 0.9% | 2,193,953 | — | — | Held |
| JNJ JOHNSON & JOHNSON | $101.3M | 0.9% | 610,800 | — | — | Held |
| MCO MOODY'S CORP | $99.6M | 0.9% | 213,890 | — | — | Held |
| GOOGL ALPHABET INC-CL A | $86.1M | 0.8% | 557,000 | +2,000 | +0.4% | Added |
| NVR NVR INC | $86.1M | 0.8% | 11,884 | +70 | +0.6% | Added |
| LIN LINDE PLC | $84.3M | 0.7% | 181,000 | +13,000 | +7.7% | Added |
| FNV FRANCO-NEVADA CORP | $82.8M | 0.7% | 525,250 | +42,000 | +8.7% | Added |
| ITW ILLINOIS TOOL WORKS | $81.2M | 0.7% | 327,500 | — | — | Held |
| MSCI MSCI INC | $80.8M | 0.7% | 142,850 | — | — | Held |
| HEI/A HEICO CORP-CLASS A | $80.1M | 0.7% | 379,644 | — | — | Held |
| ROL ROLLINS INC | $79.0M | 0.7% | 1,462,275 | — | — | Held |
| SPGI S&P GLOBAL INC | $76.6M | 0.7% | 150,690 | — | — | Held |
| DG DOLLAR GENERAL CORP | $76.4M | 0.7% | 869,250 | +33,500 | +4.0% | Added |
| ADM ARCHER-DANIELS-MIDLAND CO | $74.5M | 0.7% | 1,551,300 | +77,000 | +5.2% | Added |
| ECL ECOLAB INC | $69.5M | 0.6% | 274,300 | — | — | Held |
| JPM JPMORGAN CHASE & CO | $62.0M | 0.6% | 252,550 | — | — | Held |
| SBUX STARBUCKS CORP | $61.2M | 0.5% | 623,818 | +6,500 | +1.1% | Added |
| CG CARLYLE GROUP INC | $57.8M | 0.5% | 1,327,000 | — | — | Held |
| NSC NORFOLK SOUTHERN CORP | $54.4M | 0.5% | 229,500 | — | — | Held |
| FDS FACTSET RESEARCH SYSTEMS INC | $53.1M | 0.5% | 116,720 | — | — | Held |
| FDX FEDEX CORP | $51.9M | 0.5% | 213,000 | +6,500 | +3.1% | Added |
| ODFL OLD DOMINION FREIGHT LINE | $51.8M | 0.5% | 313,200 | +12,500 | +4.2% | Added |
| AON AON PLC-CLASS A | $51.7M | 0.5% | 129,450 | +3,250 | +2.6% | Added |
| ITIC INVESTORS TITLE CO | $51.4M | 0.5% | 213,300 | — | — | Held |
| TSN TYSON FOODS INC-CL A | $51.0M | 0.5% | 798,500 | — | — | Held |
| ACN ACCENTURE PLC-CL A | $49.7M | 0.4% | 159,400 | — | — | Held |
| THG HANOVER INSURANCE GROUP INC/ | $48.7M | 0.4% | 280,000 | +13,000 | +4.9% | Added |
| VRSK VERISK ANALYTICS INC | $46.4M | 0.4% | 155,950 | — | — | Held |
| MMM 3M CO | $43.1M | 0.4% | 293,750 | — | — | Held |
| ROK ROCKWELL AUTOMATION INC | $40.0M | 0.4% | 154,900 | — | — | Held |
| COST COSTCO WHOLESALE CORP | $37.0M | 0.3% | 39,150 | — | — | Held |
| CMCSA COMCAST CORP-CLASS A | $35.5M | 0.3% | 961,880 | — | — | Held |
| YUM YUM! BRANDS INC | $35.5M | 0.3% | 225,451 | +19,949 | +9.7% | Added |
| SHW SHERWIN-WILLIAMS CO | $32.9M | 0.3% | 94,172 | — | — | Held |
| ALL ALLSTATE CORP | $32.0M | 0.3% | 154,550 | — | — | Held |
| RTX RTX CORP | $29.7M | 0.3% | 224,000 | — | — | Held |
| TROW T ROWE PRICE GROUP INC | $28.8M | 0.3% | 314,000 | — | — | Held |
| NKE NIKE INC -CL B | $28.3M | 0.3% | 445,400 | +13,000 | +3.0% | Added |
| BF/A BROWN-FORMAN CORP-CLASS A | $28.2M | 0.3% | 843,000 | — | — | Held |
| HGTY HAGERTY INC-A | $28.1M | 0.2% | 3,108,000 | — | — | Held |
| LMT LOCKHEED MARTIN CORP | $27.5M | 0.2% | 61,463 | +5,100 | +9.0% | Added |
| PAYX PAYCHEX INC | $23.1M | 0.2% | 150,000 | — | — | Held |
| TMO THERMO FISHER SCIENTIFIC INC | $22.4M | 0.2% | 45,000 | +3,900 | +9.5% | Added |
| ABNB AIRBNB INC-CLASS A | $22.0M | 0.2% | 183,820 | +68,510 | +59.4% | Added |
| HCA HCA HEALTHCARE INC | $21.4M | 0.2% | 62,001 | +5,421 | +9.6% | Added |
| CSCO CISCO SYSTEMS INC | $21.1M | 0.2% | 342,000 | — | — | Held |
| UNP UNION PACIFIC CORP | $20.3M | 0.2% | 85,778 | — | — | Held |
| FERG FERGUSON ENTERPRISES INC | $19.7M | 0.2% | 123,000 | +17,000 | +16.0% | Added |
| URI UNITED RENTALS INC | $19.5M | 0.2% | 31,150 | +1,500 | +5.1% | Added |
| APD AIR PRODUCTS & CHEMICALS INC | $19.2M | 0.2% | 65,000 | +500 | +0.8% | Added |
| PM PHILIP MORRIS INTERNATIONAL | $18.2M | 0.2% | 114,500 | — | — | Held |
| EFX EQUIFAX INC | $17.7M | 0.2% | 72,850 | — | — | Held |
| CCK CROWN HOLDINGS INC | $16.9M | 0.2% | 189,500 | — | — | Held |
| RNR RENAISSANCERE HOLDINGS LTD | $16.8M | 0.1% | 70,000 | — | — | Held |
| COF CAPITAL ONE FINANCIAL CORP | $16.3M | 0.1% | 91,000 | — | — | Held |
| BF/B BROWN-FORMAN CORP-CLASS B | $16.1M | 0.1% | 474,187 | — | — | Held |
| LAMR LAMAR ADVERTISING CO-A | $15.6M | 0.1% | 137,000 | +13,000 | +10.5% | Added |
| CHH CHOICE HOTELS INTL INC | $15.3M | 0.1% | 115,500 | — | — | Held |
| CARR CARRIER GLOBAL CORP | $14.9M | 0.1% | 235,000 | — | — | Held |
| WFC WELLS FARGO & CO | $14.7M | 0.1% | 204,450 | — | — | Held |
| UNH UNITEDHEALTH GROUP INC | $14.7M | 0.1% | 28,014 | +1,300 | +4.9% | Added |
| PEP PEPSICO INC | $14.4M | 0.1% | 96,210 | — | — | Held |
| SPOT SPOTIFY TECHNOLOGY SA | $14.2M | 0.1% | 25,900 | — | — | Held |
| TGT TARGET CORP | $13.9M | 0.1% | 133,000 | — | — | Held |
| SEIC SEI INVESTMENTS COMPANY | $13.4M | 0.1% | 173,200 | — | — | Held |
| MAR MARRIOTT INTERNATIONAL -CL A | $12.4M | 0.1% | 52,000 | +5,000 | +10.6% | Added |
| GPK GRAPHIC PACKAGING HOLDING CO | $12.0M | 0.1% | 461,225 | +34,000 | +8.0% | Added |
| OTIS OTIS WORLDWIDE CORP | $11.8M | 0.1% | 114,620 | — | — | Held |
| NSP INSPERITY INC | $11.8M | 0.1% | 131,728 | — | — | Held |
| KMX CARMAX INC | $10.6M | 0.1% | 136,500 | — | — | Held |
| IQV IQVIA HOLDINGS INC | $10.4M | 0.1% | 58,726 | — | — | Held |
| HXL HEXCEL CORP | $10.3M | 0.1% | 189,000 | — | — | Held |
| BNY BANK OF NEW YORK MELLON CORP | $10.2M | 0.1% | 121,500 | — | — | Held |
| OI O-I GLASS INC | $10.0M | 0.1% | 874,100 | +50,000 | +6.1% | Added |
| SHOP SHOPIFY INC - CLASS A | $9.8M | 0.1% | 102,750 | — | — | Held |
| HSY HERSHEY CO | $9.3M | 0.1% | 54,500 | +9,500 | +21.1% | Added |
| SMG SCOTTS MIRACLE-GRO CO | $9.2M | 0.1% | 168,000 | — | — | Held |
| UBER UBER TECHNOLOGIES INC | $8.9M | 0.1% | 122,000 | +13,000 | +11.9% | Added |
| SONY SONY GROUP CORP - SP ADR | $8.5M | 0.1% | 335,000 | — | — | Held |
| TRU TRANSUNION | $8.4M | 0.1% | 101,050 | — | — | Held |
| EMN EASTMAN CHEMICAL CO | $6.6M | 0.1% | 74,950 | — | — | Held |
| GHC GRAHAM HOLDINGS CO-CLASS B | $5.0M | 0.0% | 5,200 | — | — | Held |
| CE CELANESE CORP | $4.6M | 0.0% | 81,300 | — | — | Held |
| WRB WR BERKLEY CORP | $4.3M | 0.0% | 60,750 | — | — | Held |
| FIX COMFORT SYSTEMS USA INC | $4.2M | 0.0% | 13,000 | — | — | Held |
| HII HUNTINGTON INGALLS INDUSTRIE | $3.7M | 0.0% | 18,000 | +14,000 | +350.0% | Added |
| CABO CABLE ONE INC | $3.2M | 0.0% | 11,900 | −39,000 | −76.6% | Reduced |
| WTW WILLIS TOWERS WATSON PLC | $2.9M | 0.0% | 8,627 | — | — | Held |
| BALL BALL CORP | $2.7M | 0.0% | 51,000 | — | — | Held |
| AYI ACUITY INC | $2.6M | 0.0% | 9,750 | +6,750 | +225.0% | Added |
| MGM MGM RESORTS INTERNATIONAL | $2.5M | 0.0% | 85,500 | +45,500 | +113.8% | Added |
| DPZ DOMINO'S PIZZA INC | $2.5M | 0.0% | 5,500 | — | — | Held |
| CME CME GROUP INC | $2.5M | 0.0% | 9,500 | +6,500 | +216.7% | Added |
| IT GARTNER INC | $2.4M | 0.0% | 5,700 | — | — | Held |
| INTU INTUIT INC | $1.7M | 0.0% | 2,720 | — | — | Held |
| BC BRUNSWICK CORP | $1.6M | 0.0% | 29,500 | +14,500 | +96.7% | Added |
| CSGP COSTAR GROUP INC | $1.5M | 0.0% | 18,600 | — | — | Held |
| CBOE CBOE GLOBAL MARKETS INC | $1.4M | 0.0% | 6,000 | +6,000 | — | New |
| EL ESTEE LAUDER COMPANIES-CL A | $990K | 0.0% | 15,000 | — | — | Held |
| ICE INTERCONTINENTAL EXCHANGE IN | $883K | 0.0% | 5,120 | — | — | Held |
| EXP EAGLE MATERIALS INC | $777K | 0.0% | 3,500 | +3,500 | — | New |
| BUD ANHEUSER-BUSCH INBEV-SPN ADR | $677K | 0.0% | 11,000 | — | — | Held |
| SYY SYSCO CORP | $675K | 0.0% | 9,000 | +9,000 | — | New |
Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.