Holdings
| AMT AMERICAN TOWER CORP | $397.1M | 10.5% | 4,017,081 | −290 | −0.0% | Reduced |
| MA MASTERCARD INC - A | $367.6M | 9.7% | 4,266,670 | −6,510 | −0.2% | Reduced |
| MKL MARKEL GROUP INC | $348.3M | 9.2% | 510,004 | +1,160 | +0.2% | Added |
| MCO MOODY'S CORP | $337.2M | 8.9% | 3,519,180 | +38,635 | +1.1% | Added |
| COLFAX CORP | $299.2M | 7.9% | 5,802,065 | +638,245 | +12.4% | Added |
| DLTR DOLLAR TREE INC | $246.3M | 6.5% | 3,499,138 | +14,540 | +0.4% | Added |
| DISCKUSD DISCOVERY INC-C | $193.8M | 5.1% | 5,747,540 | +15,200 | +0.3% | Added |
| ROP ROPER TECHNOLOGIES INC | $179.2M | 4.7% | 1,146,390 | +57,990 | +5.3% | Added |
| LYV LIVE NATION ENTERTAINMENT IN | $165.8M | 4.4% | 6,350,000 | — | — | Held |
| ORLY O'REILLY AUTOMOTIVE INC | $157.3M | 4.1% | 816,688 | −910 | −0.1% | Reduced |
| V VISA INC-CLASS A SHARES | $149.7M | 3.9% | 570,810 | +380 | +0.1% | Added |
| SBA COMMUNICATIONS CORP | $132.9M | 3.5% | 1,200,000 | — | — | Held |
| DHR DANAHER CORP | $128.6M | 3.4% | 1,500,000 | −400,000 | −21.1% | Reduced |
| KMX CARMAX INC | $113.2M | 3.0% | 1,700,000 | +505,000 | +42.3% | Added |
| AMT TD AMERITRADE HOLDING CORP | $113.0M | 3.0% | 3,158,900 | — | — | Held |
| MNRO MONRO INC | $87.0M | 2.3% | 1,505,003 | +245,003 | +19.4% | Added |
| 48R ENSTAR GROUP LTD | $78.2M | 2.1% | 511,402 | +15,918 | +3.2% | Added |
| LPLA LPL FINANCIAL HOLDINGS INC | $76.4M | 2.0% | 1,715,000 | — | — | Held |
| UBNTEUR UBIQUITI NETWORKS INC | $54.8M | 1.4% | 1,850,000 | +950,000 | +105.6% | Added |
| VRSK VERISK ANALYTICS INC | $51.2M | 1.3% | 800,000 | — | — | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | $45.5M | 1.2% | 303,175 | −5,005 | −1.6% | Reduced |
| BVE DIAMOND HILL INVESTMENT GRP | $20.1M | 0.5% | 145,500 | — | — | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | $11.5M | 0.3% | 51 | −1 | −1.9% | Reduced |
| AMT 5.25 05/15/17 A AMERICAN TOWER CORP | $11.5M | 0.3% | 100,000 | — | — | Held |
| AKX ANSYS INC | $8.2M | 0.2% | 100,300 | — | — | Held |
| PRMWUSD PRIMO WATER CORP | $7.1M | 0.2% | 1,650,000 | — | — | Held |
| BANK OF AMERICA CORPORATION | $4.9M | 0.1% | 700,000 | — | — | Held |
| LAMR LAMAR ADVERTISING CO-A | $3.6M | 0.1% | 67,100 | +67,100 | — | New |
| HIG HARTFORD INSURANCE GROUP INC | $2.1M | 0.1% | 50,761 | −255,340 | −83.4% | Reduced |
| CCI 4.5 11/01/16 A CROWN CASTLE INTL CORP | $2.1M | 0.1% | 20,000 | +20,000 | — | New |
| CSX CSX CORP | $1.6M | 0.0% | 42,899 | — | — | Held |
| NUSTAR GP HOLDINGS LLC | $956K | 0.0% | 27,775 | — | — | Held |
| WMB WILLIAMS COS INC | $819K | 0.0% | 18,230 | — | — | Held |
| MARKWEST ENERGY PARTNERS L P | $468K | 0.0% | 6,965 | — | — | Held |
| AIEUR ARLINGTON ASSET INVESTMENT-A | $266K | 0.0% | 10,000 | — | — | Held |
| NLYEUR ANNALY CAPITAL MANAGEMENT IN | $217K | 0.0% | 20,044 | −30,000 | −59.9% | Reduced |
Sold positions
| Holding | Shares sold | Prior value |
|---|---|---|
| AAPL APPLE INC | 637,338 | $64.2M |
| LAMAR ADVERTISING CO | 67,100 | $3.3M |
| LEUCADIA NATL CORP | 99,500 | $2.4M |
| CROWN CASTLE INTL CORP | 20,000 | $2.1M |
| TDG TRANSDIGM GROUP INC | 10,000 | $1.8M |
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.