Holdings
| AMT AMERICAN TOWER CORP | $554.6M | 12.9% | 6,303,493 | +1,029,479 | +19.5% | Added |
| MA MASTERCARD INC - A | $424.0M | 9.8% | 4,705,134 | +376,339 | +8.7% | Added |
| MKL MARKEL GROUP INC | $413.2M | 9.6% | 515,304 | −1,307 | −0.3% | Reduced |
| MCO MOODY'S CORP | $354.1M | 8.2% | 3,605,620 | +42,489 | +1.2% | Added |
| DLTR DOLLAR TREE INC | $276.5M | 6.4% | 4,148,216 | +596,770 | +16.8% | Added |
| ROP ROPER TECHNOLOGIES INC | $211.4M | 4.9% | 1,349,136 | +73,502 | +5.8% | Added |
| COLFAX CORP | $210.3M | 4.9% | 7,031,709 | +1,206,911 | +20.7% | Added |
| ORLY O'REILLY AUTOMOTIVE INC | $206.9M | 4.8% | 827,795 | −2,388 | −0.3% | Reduced |
| KMX CARMAX INC | $164.5M | 3.8% | 2,773,660 | +1,073,660 | +63.2% | Added |
| V VISA INC-CLASS A SHARES | $159.1M | 3.7% | 2,283,240 | — | — | Held |
| VRSK VERISK ANALYTICS INC | $158.2M | 3.7% | 2,140,928 | +153,703 | +7.7% | Added |
| 48R ENSTAR GROUP LTD | $157.4M | 3.7% | 1,049,549 | +479,647 | +84.2% | Added |
| LYV LIVE NATION ENTERTAINMENT IN | $150.5M | 3.5% | 6,260,154 | — | — | Held |
| SBA COMMUNICATIONS CORP | $141.4M | 3.3% | 1,350,000 | +150,000 | +12.5% | Added |
| DHR DANAHER CORP | $127.8M | 3.0% | 1,500,000 | — | — | Held |
| AMT TD AMERITRADE HOLDING CORP | $102.7M | 2.4% | 3,226,400 | +67,500 | +2.1% | Added |
| MNRO MONRO INC | $101.9M | 2.4% | 1,507,930 | — | — | Held |
| UBNTEUR UBIQUITI NETWORKS INC | $90.8M | 2.1% | 2,680,000 | — | — | Held |
| LKQ LKQ CORP | $73.0M | 1.7% | 2,575,000 | +1,875,000 | +267.9% | Added |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | $53.6M | 1.2% | 411,007 | +96,589 | +30.7% | Added |
| AMT 5.5 02/15/18 AMERICAN TOWER CORP | $49.7M | 1.2% | 515,984 | +15,984 | +3.2% | Added |
| LPLA LPL FINANCIAL HOLDINGS INC | $29.8M | 0.7% | 750,500 | −568,089 | −43.1% | Reduced |
| BVE DIAMOND HILL INVESTMENT GRP | $27.1M | 0.6% | 145,500 | — | — | Held |
| PRMWUSD PRIMO WATER CORP | $13.0M | 0.3% | 1,726,613 | — | — | Held |
| AMERICAN INTL GROUP INC | $11.6M | 0.3% | 509,800 | +359,800 | +239.9% | Added |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | $10.3M | 0.2% | 53 | +10 | +23.3% | Added |
| AMT 5.25 05/15/17 A AMERICAN TOWER CORP | $9.9M | 0.2% | 100,000 | — | — | Held |
| AKX ANSYS INC | $8.8M | 0.2% | 100,300 | — | — | Held |
| ALRM ALARM.COM HOLDINGS INC | $4.7M | 0.1% | 400,000 | — | — | Held |
| BANK OF AMERICA CORPORATION | $4.2M | 0.1% | 732,890 | — | — | Held |
| WMIH Corp | $3.9M | 0.1% | 1,500,000 | +1,500,000 | — | New |
| LAMR LAMAR ADVERTISING CO-A | $2.9M | 0.1% | 55,000 | −12,100 | −18.0% | Reduced |
| CCI 4.5 11/01/16 A CROWN CASTLE INTL CORP | $2.0M | 0.0% | 20,000 | — | — | Held |
| CSX CSX CORP | $1.1M | 0.0% | 40,695 | — | — | Held |
| AIEUR ARLINGTON ASSET INVESTMENT-A | $140K | 0.0% | 10,000 | — | — | Held |
Sold positions
| Holding | Shares sold | Prior value |
|---|---|---|
| NUSTAR GP HOLDINGS LLC | 27,775 | $1.1M |
| WMB WILLIAMS COS INC | 16,140 | $926K |
| NLYEUR ANNALY CAPITAL MANAGEMENT IN | 20,044 | $184K |
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.