Holdings
| AMT AMERICAN TOWER CORP | $1.12B | 14.2% | 7,067,428 | −620 | −0.0% | Reduced |
| MA MASTERCARD INC - A | $1.00B | 12.7% | 5,327,015 | −150 | −0.0% | Reduced |
| MCO MOODY'S CORP | $795.7M | 10.1% | 5,681,771 | +150 | +0.0% | Added |
| ORLY O'REILLY AUTOMOTIVE INC | $649.8M | 8.2% | 1,887,165 | −142 | −0.0% | Reduced |
| V VISA INC-CLASS A SHARES | $644.8M | 8.2% | 4,887,270 | — | — | Held |
| MKL MARKEL GROUP INC | $532.6M | 6.7% | 513,070 | −20 | −0.0% | Reduced |
| DLTR DOLLAR TREE INC | $459.4M | 5.8% | 5,085,935 | −100 | −0.0% | Reduced |
| ROP ROPER TECHNOLOGIES INC | $417.7M | 5.3% | 1,567,164 | +7,970 | +0.5% | Added |
| SBA COMMUNICATIONS CORP | $399.1M | 5.1% | 2,465,000 | — | — | Held |
| KMX CARMAX INC | $362.4M | 4.6% | 5,777,181 | +522,690 | +9.9% | Added |
| VRSK VERISK ANALYTICS INC | $277.3M | 3.5% | 2,543,442 | — | — | Held |
| UBNTEUR UBIQUITI NETWORKS INC | $266.4M | 3.4% | 2,680,000 | — | — | Held |
| KKR KKR & CO INC | $248.4M | 3.1% | 12,652,100 | +2,652,100 | +26.5% | Added |
| DHR DANAHER CORP | $170.7M | 2.2% | 1,655,300 | — | — | Held |
| AMT TD AMERITRADE HOLDING CORP | $164.0M | 2.1% | 3,350,000 | +382,500 | +12.9% | Added |
| 48R ENSTAR GROUP LTD | $149.8M | 1.9% | 894,216 | −275,498 | −23.6% | Reduced |
| 2JE FOCUS FINANCIAL PARTNERS-A | $78.2M | 1.0% | 2,970,000 | +220,000 | +8.0% | Added |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | $58.4M | 0.7% | 286,046 | −30 | −0.0% | Reduced |
| PRMWUSD PRIMO WATER CORP | $39.9M | 0.5% | 2,845,220 | +2,000 | +0.1% | Added |
| ALRM ALARM.COM HOLDINGS INC | $31.2M | 0.4% | 600,770 | — | — | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | $12.9M | 0.2% | 42 | — | — | Held |
| BVE DIAMOND HILL INVESTMENT GRP | $9.8M | 0.1% | 65,848 | — | — | Held |
| BOC BOSTON OMAHA CORP-CL A | $5.7M | 0.1% | 242,396 | −21,438 | −8.1% | Reduced |
| LAMR LAMAR ADVERTISING CO-A | $3.4M | 0.0% | 48,530 | — | — | Held |
| GSHD GOOSEHEAD INSURANCE INC -A | $311K | 0.0% | 11,831 | +11,831 | — | New |
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.