Investor: Francois Rochon
Number of Assets: 55
Reporting Period: Q2 - 2025
Holdings at Report: $2,915,802,815
Return Since Report: +$140,593,269
Return Since Report: +4.82%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Align Technology Inc. (ALGN) | Equity | +2.71% | 46,358 | 0.30% | $189.33 | $137.95 | $8,776,960 | $6,395,086 | -$2,381,874 | -27.14% |
| Alphabet Inc. (GOOGL) | Equity | +48.32% | 379,617 | 2.29% | $176.23 | $239.51 | $66,899,904 | $90,922,068 | +$24,022,164 | +35.91% |
| Alphabet Inc. (GOOG) | Equity | -13.43% | 653,717 | 3.98% | $177.39 | $239.54 | $115,962,859 | $156,591,370 | +$40,628,511 | +35.04% |
| Amazon.com Inc. (AMZN) | Equity | +100% | 1,174 | 0.01% | $219.39 | $238.22 | $257,564 | $279,670 | +$22,106 | +8.58% |
| Ametek Inc. (AME) | Equity | +1.93% | 996,344 | 6.18% | $180.96 | $186.87 | $180,298,410 | $186,186,803 | +$5,888,393 | +3.27% |
| Analog Devices Inc. (ADI) | Equity | +2.78% | 176,111 | 1.44% | $238.02 | $247.00 | $41,917,940 | $43,499,417 | +$1,581,477 | +3.77% |
| Apple Inc. (AAPL) | Equity | +81.23% | 16,976 | 0.12% | $205.17 | $234.36 | $3,482,966 | $3,978,546 | +$495,580 | +14.23% |
| Bank Ozk (OZK) | Equity | +4.09% | 1,258,996 | 2.03% | $47.06 | $51.99 | $59,248,352 | $65,455,202 | +$6,206,850 | +10.48% |
| Berkshire Hathaway Inc. (BRK-A) | Equity | 0% | 11 | 0.27% | $728,800.00 | $739,274.88 | $8,016,800 | $8,132,024 | +$115,224 | +1.44% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | +1.68% | 511,784 | 8.53% | $485.77 | $493.55 | $248,609,314 | $252,588,434 | +$3,979,120 | +1.60% |
| Credit Acceptance Corp. (CACC) | Equity | +2.18% | 30,501 | 0.53% | $509.43 | $519.69 | $15,538,124 | $15,851,065 | +$312,941 | +2.01% |
| The Walt Disney Company (DIS) | Equity | +5.24% | 260,475 | 1.11% | $124.01 | $117.54 | $32,301,505 | $30,616,232 | -$1,685,273 | -5.22% |
| Ferguson Enterprises Inc. (FERG) | Equity | +3.76% | 35,679 | 0.27% | $217.75 | $226.60 | $7,769,102 | $8,084,861 | +$315,759 | +4.06% |
| Fiserv Inc. (FI) | Equity | +3.01% | 648,574 | 3.83% | $172.41 | $135.93 | $111,820,643 | $88,160,664 | -$23,659,979 | -21.16% |
| Installed Building Products Inc. (IBP) | Equity | +1.26% | 514,459 | 3.18% | $180.32 | $266.55 | $92,767,247 | $137,126,474 | +$44,359,227 | +47.82% |
| Intuitive Surgical Inc. (ISRG) | Equity | 0% | 405 | 0.01% | $543.41 | $464.93 | $220,081 | $188,297 | -$31,784 | -14.44% |
| Keysight Technologies Inc. (KEYS) | Equity | +0.78% | 333,585 | 1.87% | $163.86 | $168.01 | $54,661,238 | $56,045,616 | +$1,384,378 | +2.53% |
| Littelfuse Inc. (LFUS) | Equity | +0.76% | 81,112 | 0.63% | $226.73 | $259.85 | $18,390,524 | $21,076,953 | +$2,686,429 | +14.61% |
| Lululemon Athletica Inc. (LULU) | Equity | +0.56% | 143,977 | 1.17% | $237.58 | $166.11 | $34,206,056 | $23,916,019 | -$10,290,037 | -30.08% |
| Arista Networks Inc. (ANET) | Equity | +100% | 482,561 | 1.69% | $102.31 | $141.38 | $49,370,816 | $68,224,474 | +$18,853,658 | +38.19% |
| Bank Of America Corp. (BAC) | Equity | +0.61% | 1,004,119 | 1.63% | $47.32 | $50.32 | $47,514,911 | $50,522,247 | +$3,007,336 | +6.33% |
| Birkenstock Holding PLC (BIRK) | Equity | 0% | 27,392 | 0.05% | $49.18 | $47.28 | $1,347,139 | $1,295,094 | -$52,045 | -3.86% |
| Booking Holdings Inc. (BKNG) | Equity | +0.75% | 21,290 | 4.23% | $5,789.24 | $5,598.38 | $123,252,920 | $119,189,510 | -$4,063,410 | -3.30% |
| Brown & Brown Inc. (BRO) | Equity | +9.18% | 321,637 | 1.22% | $110.87 | $93.78 | $35,659,894 | $30,163,118 | -$5,496,776 | -15.41% |
| Builders Firstsource Inc. (BLDR) | Equity | +5.91% | 87,317 | 0.35% | $116.69 | $140.32 | $10,189,021 | $12,252,321 | +$2,063,300 | +20.25% |
| Capital One Financial Corp. (COF) | Equity | -24.44% | 9,274 | 0.07% | $212.76 | $220.81 | $1,973,136 | $2,047,792 | +$74,656 | +3.78% |
| Carmax Inc. (KMX) | Equity | +0.87% | 1,655,930 | 3.82% | $67.21 | $61.02 | $111,295,055 | $101,041,537 | -$10,253,518 | -9.21% |
| Copart Inc. (CPRT) | Equity | 0% | 27,484 | 0.05% | $49.07 | $48.15 | $1,348,640 | $1,323,355 | -$25,285 | -1.87% |
| Costco Wholesale Corp. (COST) | Equity | 0% | 240 | 0.01% | $989.94 | $977.73 | $237,586 | $234,654 | -$2,932 | -1.23% |
| Dream Finders Homes Inc. (DFH) | Equity | 0% | 32,202 | 0.03% | $25.13 | $29.55 | $809,236 | $951,569 | +$142,333 | +17.59% |
| Five Below Inc. (FIVE) | Equity | +0.69% | 625,871 | 2.82% | $131.18 | $143.43 | $82,101,758 | $89,768,678 | +$7,666,920 | +9.34% |
| Floor & Decor Holdings Inc. (FND) | Equity | +0.84% | 235,831 | 0.61% | $75.96 | $86.34 | $17,913,723 | $20,361,649 | +$2,447,926 | +13.67% |
| Heico Corp. (HEI-A) | Equity | +1.01% | 749,492 | 6.65% | $258.75 | $251.32 | $193,931,055 | $188,362,329 | -$5,568,726 | -2.87% |
| Ishares U.S. Home Construction ETF (ITB) | Equity | +5.08% | 11,518 | 0.04% | $93.17 | $113.51 | $1,073,132 | $1,307,408 | +$234,276 | +21.83% |
| JP Morgan Chase & Co. (JPM) | Equity | +14.54% | 50,950 | 0.51% | $289.91 | $297.92 | $14,770,915 | $15,179,024 | +$408,109 | +2.76% |
| Kinsale Capital Group Inc. (KNSL) | Equity | +5.40% | 179,153 | 2.97% | $483.90 | $443.13 | $86,692,137 | $79,388,069 | -$7,304,068 | -8.43% |
| M&T Bank Corp. (MTB) | Equity | -97.95% | 7,540 | 0.05% | $193.99 | $199.26 | $1,462,685 | $1,502,420 | +$39,735 | +2.72% |
| Novo Nordisk As (NVO) | Equity | 0% | 12,400 | 0.03% | $69.02 | $53.98 | $855,848 | $669,290 | -$186,558 | -21.80% |
| NVR Inc. (NVR) | Equity | +4.06% | 14,038 | 3.56% | $7,385.66 | $8,279.05 | $103,679,895 | $116,221,304 | +$12,541,409 | +12.10% |
| Old Dominion Freight Line Inc. (ODFL) | Equity | 0% | 5,255 | 0.03% | $162.30 | $148.48 | $852,887 | $780,262 | -$72,625 | -8.52% |
| The Progressive Corp. (PGR) | Equity | -1.66% | 520,367 | 4.76% | $266.86 | $243.85 | $138,865,138 | $126,891,493 | -$11,973,645 | -8.62% |
| The Charles Schwab Corp. (SCHW) | Equity | +65.16% | 1,567,495 | 4.90% | $91.24 | $93.56 | $143,018,244 | $146,646,995 | +$3,628,751 | +2.54% |
| SPDR S&P 500 ETF Trust (SPY) | Equity | -3.62% | 2,474 | 0.05% | $617.85 | $649.94 | $1,528,561 | $1,607,939 | +$79,378 | +5.19% |
| Starbucks Corp. (SBUX) | Equity | +0.48% | 750,248 | 2.36% | $91.63 | $83.45 | $68,745,224 | $62,608,196 | -$6,137,028 | -8.93% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | 0% | 11,550 | 0.09% | $226.49 | $251.74 | $2,615,960 | $2,907,620 | +$291,660 | +11.15% |
| Markel Group Inc. (MKL) | Equity | +0.68% | 43,696 | 2.99% | $1,997.36 | $1,930.40 | $87,276,643 | $84,350,758 | -$2,925,885 | -3.35% |
| Mastercard Inc. (MA) | Equity | +2.95% | 27,841 | 0.54% | $561.94 | $585.53 | $15,644,972 | $16,301,741 | +$656,769 | +4.20% |
| Medpace Holdings Inc. (MEDP) | Equity | +3.90% | 261,755 | 2.82% | $313.86 | $483.48 | $82,154,424 | $126,553,307 | +$44,398,883 | +54.04% |
| Meta Platforms Inc. (META) | Equity | +1.19% | 318,902 | 8.07% | $738.09 | $764.18 | $235,378,377 | $243,698,530 | +$8,320,153 | +3.53% |
| Microsoft Corp. (MSFT) | Equity | +15.90% | 2,303 | 0.04% | $497.41 | $498.50 | $1,145,535 | $1,148,046 | +$2,510 | +0.22% |
| Siteone Landscape Supply Inc. (SITE) | Equity | 0% | 3,753 | 0.02% | $120.94 | $142.48 | $453,888 | $534,727 | +$80,839 | +17.81% |
| SPDR Gold Shares (GLD) | Equity | -0.56% | 3,876 | 0.04% | $304.83 | $334.60 | $1,181,521 | $1,296,890 | +$115,369 | +9.76% |
| Twfg Inc. | Equity | +100% | 177,848 | 0.21% | $35.00 | N/A | $6,224,680 | N/A | N/A | N/A |
| Visa Inc. (V) | Equity | +1.97% | 401,297 | 4.89% | $355.05 | $344.24 | $142,480,500 | $138,140,473 | -$4,340,027 | -3.05% |
| Yum China Holdings Inc. (YUMC) | Equity | 0% | 36,036 | 0.06% | $44.71 | $44.51 | $1,611,170 | $1,603,782 | -$7,388 | -0.46% |