Holdings
| MA MASTERCARD INC - A | $1.19B | 13.8% | 5,327,165 | −2,506 | −0.0% | Reduced |
| AMT AMERICAN TOWER CORP | $1.03B | 12.0% | 7,068,048 | −3,271 | −0.0% | Reduced |
| MCO MOODY'S CORP | $950.0M | 11.1% | 5,681,621 | −1,192 | −0.0% | Reduced |
| V VISA INC-CLASS A SHARES | $733.5M | 8.6% | 4,887,270 | — | — | Held |
| ORLY O'REILLY AUTOMOTIVE INC | $655.5M | 7.7% | 1,887,307 | −1,023 | −0.1% | Reduced |
| MKL MARKEL GROUP INC | $609.8M | 7.1% | 513,090 | −328 | −0.1% | Reduced |
| ROP ROPER TECHNOLOGIES INC | $461.8M | 5.4% | 1,559,194 | −440 | −0.0% | Reduced |
| DLTR DOLLAR TREE INC | $414.8M | 4.8% | 5,086,035 | +53,479 | +1.1% | Added |
| SBA COMMUNICATIONS CORP | $396.0M | 4.6% | 2,465,000 | — | — | Held |
| KMX CARMAX INC | $392.4M | 4.6% | 5,254,491 | — | — | Held |
| VRSK VERISK ANALYTICS INC | $306.6M | 3.6% | 2,543,442 | −1,111 | −0.0% | Reduced |
| KKR KKR & CO INC | $272.7M | 3.2% | 10,000,000 | — | — | Held |
| UBNTEUR UBIQUITI NETWORKS INC | $264.9M | 3.1% | 2,680,000 | — | — | Held |
| 48R ENSTAR GROUP LTD | $243.9M | 2.8% | 1,169,714 | −147,288 | −11.2% | Reduced |
| DHR DANAHER CORP | $179.9M | 2.1% | 1,655,300 | — | — | Held |
| AMT TD AMERITRADE HOLDING CORP | $156.8M | 1.8% | 2,967,500 | — | — | Held |
| 2JE FOCUS FINANCIAL PARTNERS-A | $130.5M | 1.5% | 2,750,000 | +2,750,000 | — | New |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | $61.3M | 0.7% | 286,076 | −500 | −0.2% | Reduced |
| PRMWUSD PRIMO WATER CORP | $51.3M | 0.6% | 2,843,220 | — | — | Held |
| ALRM ALARM.COM HOLDINGS INC | $34.5M | 0.4% | 600,770 | — | — | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | $13.4M | 0.2% | 42 | — | — | Held |
| BVE DIAMOND HILL INVESTMENT GRP | $10.9M | 0.1% | 65,848 | — | — | Held |
| BOC BOSTON OMAHA CORP-CL A | $7.9M | 0.1% | 263,834 | −86,166 | −24.6% | Reduced |
| LAMR LAMAR ADVERTISING CO-A | $3.8M | 0.0% | 48,530 | — | — | 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.