Holdings
| AMT AMERICAN TOWER CORP | $1.82B | 13.7% | 7,037,939 | −3,690 | −0.1% | Reduced |
| MA MASTERCARD INC - A | $1.74B | 13.1% | 5,883,862 | +97,575 | +1.7% | Added |
| MCO MOODY'S CORP | $1.55B | 11.7% | 5,636,344 | −1,997 | −0.0% | Reduced |
| V VISA INC-CLASS A SHARES | $1.01B | 7.6% | 5,243,370 | — | — | Held |
| ORLY O'REILLY AUTOMOTIVE INC | $776.7M | 5.9% | 1,841,899 | −1,075 | −0.1% | Reduced |
| SBAC SBA COMMUNICATIONS CORP | $734.4M | 5.5% | 2,465,000 | — | — | Held |
| KMX CARMAX INC | $730.2M | 5.5% | 8,154,026 | −36,345 | −0.4% | Reduced |
| CSGP COSTAR GROUP INC | $678.9M | 5.1% | 955,353 | +517,041 | +118.0% | Added |
| ROP ROPER TECHNOLOGIES INC | $673.5M | 5.1% | 1,734,754 | +29,644 | +1.7% | Added |
| ADBE ADOBE INC | $496.3M | 3.7% | 1,140,000 | — | — | Held |
| KKR KKR & CO INC | $454.6M | 3.4% | 14,721,857 | +534,321 | +3.8% | Added |
| MKL MARKEL GROUP INC | $452.7M | 3.4% | 490,388 | −7,003 | −1.4% | Reduced |
| DLTR DOLLAR TREE INC | $421.7M | 3.2% | 4,549,586 | −2,644 | −0.1% | Reduced |
| VRSK VERISK ANALYTICS INC | $416.7M | 3.1% | 2,448,048 | −999 | −0.0% | Reduced |
| BROOKFIELD ASSET MGMT INC | $378.4M | 2.9% | 11,502,025 | +4,308,025 | +59.9% | Added |
| DHR DANAHER CORP | $292.7M | 2.2% | 1,655,300 | — | — | Held |
| LYV LIVE NATION ENTERTAINMENT IN | $247.7M | 1.9% | 5,587,638 | +106,400 | +1.9% | Added |
| AKX ANSYS INC | $177.9M | 1.3% | 609,764 | +141,108 | +30.1% | Added |
| ALRM ALARM.COM HOLDINGS INC | $115.7M | 0.9% | 1,784,870 | +13,400 | +0.8% | Added |
| OLLI OLLIE'S BARGAIN OUTLET HOLDI | $48.8M | 0.4% | 500,000 | — | — | Held |
| BCBUSD PRIMO WATER CORP | $15.0M | 0.1% | 1,088,678 | −492,200 | −31.1% | Reduced |
| GSHD GOOSEHEAD INSURANCE INC -A | $14.2M | 0.1% | 188,672 | +16,504 | +9.6% | Added |
| DSGX DESCARTES SYSTEMS GRP | $11.0M | 0.1% | 207,300 | — | — | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | $8.3M | 0.1% | 46,506 | −710 | −1.5% | Reduced |
| CLNSEUR COLONY CAPITAL INC | $3.6M | 0.0% | 1,500,000 | +1,618 | +0.1% | Added |
| LAMR LAMAR ADVERTISING CO-A | $3.2M | 0.0% | 48,530 | — | — | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | $802K | 0.0% | 3 | — | — | Held |
| MAR MARRIOTT INTERNATIONAL -CL A | $643K | 0.0% | 7,500 | — | — | 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.