Holdings
| AMT AMERICAN TOWER CORP | $1.42B | 14.9% | 7,186,828 | +119,400 | +1.7% | Added |
| MA MASTERCARD INC - A | $1.25B | 13.2% | 5,327,915 | +900 | +0.0% | Added |
| MCO MOODY'S CORP | $1.03B | 10.9% | 5,682,371 | +600 | +0.0% | Added |
| V VISA INC-CLASS A SHARES | $763.3M | 8.1% | 4,887,270 | — | — | Held |
| ORLY O'REILLY AUTOMOTIVE INC | $732.9M | 7.7% | 1,887,335 | +170 | +0.0% | Added |
| ROP ROPER TECHNOLOGIES INC | $536.0M | 5.7% | 1,567,399 | +235 | +0.0% | Added |
| DLTR DOLLAR TREE INC | $534.3M | 5.6% | 5,086,615 | +680 | +0.0% | Added |
| MKL MARKEL GROUP INC | $511.2M | 5.4% | 513,130 | +60 | +0.0% | Added |
| SBA COMMUNICATIONS CORP | $492.2M | 5.2% | 2,465,000 | — | — | Held |
| KMX CARMAX INC | $424.2M | 4.5% | 6,077,981 | +300,800 | +5.2% | Added |
| UBNTEUR UBIQUITI NETWORKS INC | $401.2M | 4.2% | 2,680,000 | — | — | Held |
| VRSK VERISK ANALYTICS INC | $338.3M | 3.6% | 2,543,775 | +333 | +0.0% | Added |
| KKR KKR & CO INC | $299.6M | 3.2% | 12,753,600 | +101,500 | +0.8% | Added |
| DHR DANAHER CORP | $218.5M | 2.3% | 1,655,300 | — | — | Held |
| AMT TD AMERITRADE HOLDING CORP | $167.5M | 1.8% | 3,350,000 | — | — | Held |
| 2JE FOCUS FINANCIAL PARTNERS-A | $105.9M | 1.1% | 2,970,000 | — | — | Held |
| 48R ENSTAR GROUP LTD | $79.2M | 0.8% | 455,447 | −438,769 | −49.1% | Reduced |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | $57.5M | 0.6% | 286,246 | +200 | +0.1% | Added |
| PRMWUSD PRIMO WATER CORP | $44.2M | 0.5% | 2,858,679 | +13,459 | +0.5% | Added |
| ALRM ALARM.COM HOLDINGS INC | $39.0M | 0.4% | 600,770 | — | — | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | $12.7M | 0.1% | 42 | — | — | Held |
| BVE DIAMOND HILL INVESTMENT GRP | $7.9M | 0.1% | 56,694 | −9,154 | −13.9% | Reduced |
| BOC BOSTON OMAHA CORP-CL A | $6.0M | 0.1% | 242,396 | — | — | Held |
| LAMR LAMAR ADVERTISING CO-A | $3.8M | 0.0% | 48,530 | — | — | Held |
| GSHD GOOSEHEAD INSURANCE INC -A | $1.1M | 0.0% | 38,331 | +26,500 | +224.0% | Added |
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.