Holdings
| MA MASTERCARD INC - A | $1.02B | 20.0% | 1,989,906 | −291,200 | −12.8% | Reduced |
| MCO MOODY'S CORP | $524.0M | 10.2% | 1,156,893 | −89,221 | −7.2% | Reduced |
| BN BROOKFIELD CORP | $516.2M | 10.1% | 12,119,927 | −4,907,150 | −28.8% | Reduced |
| KKR KKR & CO INC | $457.2M | 8.9% | 4,981,486 | −1,736,592 | −25.8% | Reduced |
| FICO FAIR ISAAC CORP | $432.3M | 8.4% | 361,826 | −1,939 | −0.5% | Reduced |
| ROP ROPER TECHNOLOGIES INC | $398.1M | 7.8% | 1,176,562 | −80,670 | −6.4% | Reduced |
| V VISA INC-CLASS A SHARES | $381.1M | 7.4% | 1,110,881 | −527,917 | −32.2% | Reduced |
| CSGP COSTAR GROUP INC | $331.3M | 6.5% | 11,699,396 | +1,351,123 | +13.1% | Added |
| CPRT COPART INC | $225.1M | 4.4% | 7,985,808 | −13,130 | −0.2% | Reduced |
| ORLY O'REILLY AUTOMOTIVE INC | $199.1M | 3.9% | 2,161,818 | −1,723,995 | −44.4% | Reduced |
| ABNB AIRBNB INC-CLASS A | $169.4M | 3.3% | 1,183,749 | −850,724 | −41.8% | Reduced |
| CCC CCC INTELLIGENT SOLUTIONS HO | $154.1M | 3.0% | 29,858,935 | −1,654,135 | −5.2% | Reduced |
| NOW SERVICENOW INC | $123.7M | 2.4% | 1,246,099 | +150,000 | +13.7% | Added |
| CRM SALESFORCE INC | $112.5M | 2.2% | 717,799 | — | — | Held |
| GSHD GOOSEHEAD INSURANCE INC -A | $21.5M | 0.4% | 443,385 | — | — | Held |
| SOPH SOPHIA GENETICS SA | $21.5M | 0.4% | 3,719,140 | — | — | Held |
| CRM CALL SALESFORCE INC | $15.7M | 0.3% | 100,000 | — | — | Held |
| PRM PERIMETER SOLUTIONS INC | $8.9M | 0.2% | 250,000 | — | — | Held |
| AMT AMERICAN TOWER CORP | $4.8M | 0.1% | 29,254 | −21,518 | −42.4% | Reduced |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | $4.1M | 0.1% | 8,184 | −2,155 | −20.8% | Reduced |
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.