Holdings
| AMT AMERICAN TOWER CORP | $646.3M | 13.6% | 6,313,375 | +4,359 | +0.1% | Added |
| MKL MARKEL GROUP INC | $459.7M | 9.7% | 515,635 | +178 | +0.0% | Added |
| MA MASTERCARD INC - A | $445.4M | 9.4% | 4,713,511 | +4,478 | +0.1% | Added |
| MCO MOODY'S CORP | $387.9M | 8.2% | 4,017,349 | +357,910 | +9.8% | Added |
| DLTR DOLLAR TREE INC | $345.4M | 7.3% | 4,188,576 | +4,176 | +0.1% | Added |
| ROP ROPER TECHNOLOGIES INC | $239.8M | 5.0% | 1,311,826 | −38,192 | −2.8% | Reduced |
| 48R ENSTAR GROUP LTD | $236.2M | 5.0% | 1,452,971 | +276,697 | +23.5% | Added |
| ORLY O'REILLY AUTOMOTIVE INC | $226.5M | 4.8% | 827,761 | −5 | −0.0% | Reduced |
| KMX CARMAX INC | $220.7M | 4.6% | 4,318,321 | +900,962 | +26.4% | Added |
| COLFAX CORP | $217.9M | 4.6% | 7,621,678 | +275,770 | +3.8% | Added |
| VRSK VERISK ANALYTICS INC | $206.7M | 4.4% | 2,586,444 | +4,865 | +0.2% | Added |
| SBA COMMUNICATIONS CORP | $186.8M | 3.9% | 1,865,000 | +65,000 | +3.6% | Added |
| V VISA INC-CLASS A SHARES | $174.9M | 3.7% | 2,287,080 | +3,840 | +0.2% | Added |
| DHR DANAHER CORP | $142.3M | 3.0% | 1,500,000 | — | — | Held |
| LKQ LKQ CORP | $108.6M | 2.3% | 3,400,000 | +226,900 | +7.2% | Added |
| MNRO MONRO INC | $107.8M | 2.3% | 1,507,930 | — | — | Held |
| AMT TD AMERITRADE HOLDING CORP | $93.6M | 2.0% | 2,967,500 | — | — | Held |
| UBNTEUR UBIQUITI NETWORKS INC | $89.2M | 1.9% | 2,680,000 | — | — | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | $54.9M | 1.2% | 386,745 | +702 | +0.2% | Added |
| AMT 5.5 02/15/18 AMERICAN TOWER CORP | $53.2M | 1.1% | 515,984 | — | — | Held |
| BVE DIAMOND HILL INVESTMENT GRP | $25.8M | 0.5% | 145,500 | — | — | Held |
| PRMWUSD PRIMO WATER CORP | $16.9M | 0.4% | 1,679,313 | — | — | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | $11.1M | 0.2% | 52 | — | — | Held |
| AMT 5.25 05/15/17 A AMERICAN TOWER CORP | $10.5M | 0.2% | 100,000 | — | — | Held |
| ALRM ALARM.COM HOLDINGS INC | $9.5M | 0.2% | 400,000 | — | — | Held |
| AKX ANSYS INC | $9.0M | 0.2% | 100,300 | — | — | Held |
| DLTH DULUTH HOLDINGS INC - CL B | $6.8M | 0.1% | 350,000 | — | — | Held |
| WMIH Corp | $3.5M | 0.1% | 1,500,000 | — | — | Held |
| LAMR LAMAR ADVERTISING CO-A | $3.2M | 0.1% | 51,997 | −3,003 | −5.5% | Reduced |
| BANK OF AMERICA CORPORATION | $2.9M | 0.1% | 732,890 | — | — | Held |
| AMERICAN INTL GROUP INC | $2.8M | 0.1% | 147,295 | — | — | Held |
| CCI 4.5 11/01/16 A CROWN CASTLE INTL CORP | $2.1M | 0.0% | 20,000 | — | — | Held |
| CSX CSX CORP | $999K | 0.0% | 38,781 | −1,914 | −4.7% | Reduced |
| AIEUR ARLINGTON ASSET INVESTMENT-A | $125K | 0.0% | 10,000 | — | — | Held |
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.