Investor: Thomas S. Gayner
Number of Assets: 137
Reporting Period: Q2 - 2025
Holdings at Report: $11,827,984,852
Return Since Report: +$369,984,997
Return Since Report: +3.13%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Archer-Daniels-Midland Company (ADM) | Equity | +1.45% | 1,573,800 | 0.70% | $52.78 | $62.18 | $83,065,165 | $97,851,015 | +$14,785,850 | +17.80% |
| Ball Corp. (BALL) | Equity | 0% | 51,000 | 0.02% | $56.09 | $50.57 | $2,860,590 | $2,579,070 | -$281,520 | -9.84% |
| Carmax Inc. (KMX) | Equity | 0% | 136,500 | 0.08% | $67.21 | $61.02 | $9,174,165 | $8,328,957 | -$845,208 | -9.21% |
| Carrier Global Corp. (CARR) | Equity | 0% | 235,000 | 0.15% | $73.19 | $63.09 | $17,199,650 | $14,826,150 | -$2,373,500 | -13.80% |
| Caterpillar Inc. (CAT) | Equity | +0.18% | 328,650 | 1.08% | $388.21 | $416.82 | $127,585,217 | $136,986,250 | +$9,401,033 | +7.37% |
| CBOE Global Markets Inc. (CBOE) | Equity | +216.67% | 19,000 | 0.04% | $233.21 | $233.27 | $4,430,990 | $4,432,130 | +$1,140 | +0.03% |
| CME Group Inc. (CME) | Equity | +136.84% | 22,500 | 0.05% | $275.62 | $262.29 | $6,201,450 | $5,901,525 | -$299,925 | -4.84% |
| Costar Group Inc. (CSGP) | Equity | 0% | 18,600 | 0.01% | $80.40 | $88.31 | $1,495,440 | $1,642,566 | +$147,126 | +9.84% |
| Eagle Materials Inc. (EXP) | Equity | +157.14% | 9,000 | 0.02% | $202.11 | $227.64 | $1,818,990 | $2,048,715 | +$229,725 | +12.63% |
| Graphic Packaging Holding Company (GPK) | Equity | -62.27% | 174,000 | 0.03% | $21.07 | $20.60 | $3,666,180 | $3,584,400 | -$81,780 | -2.23% |
| Illinois Tool Works Inc. (ITW) | Equity | 0% | 327,500 | 0.68% | $247.25 | $261.87 | $80,974,377 | $85,762,425 | +$4,788,048 | +5.91% |
| Insperity Inc. (NSP) | Equity | 0% | 131,728 | 0.07% | $60.12 | $53.35 | $7,919,488 | $7,027,689 | -$891,799 | -11.26% |
| Intuit Inc. (INTU) | Equity | 0% | 2,720 | 0.02% | $787.63 | $671.75 | $2,142,353 | $1,827,160 | -$315,193 | -14.71% |
| Iqvia Holdings Inc. (IQV) | Equity | -15.47% | 49,642 | 0.07% | $157.59 | $189.36 | $7,823,083 | $9,399,961 | +$1,576,878 | +20.16% |
| Lowe'S Companies Inc. (LOW) | Equity | +1.27% | 717,230 | 1.35% | $221.87 | $230.77 | $159,131,820 | $165,515,167 | +$6,383,347 | +4.01% |
| MGM Resorts International (MGM) | Equity | +2.34% | 87,500 | 0.03% | $34.39 | $36.05 | $3,009,125 | $3,153,938 | +$144,813 | +4.81% |
| Adobe Inc. (ADBE) | Equity | +100% | 14,000 | 0.05% | $386.88 | $353.32 | $5,416,320 | $4,946,480 | -$469,840 | -8.67% |
| Aon PLC (AON) | Equity | +0.27% | 129,800 | 0.39% | $356.76 | $368.08 | $46,307,448 | $47,776,784 | +$1,469,336 | +3.17% |
| Apollo Global Management Inc. (APO) | Equity | 0% | 1,012,500 | 1.21% | $141.87 | $134.64 | $143,643,375 | $136,323,000 | -$7,320,375 | -5.10% |
| Apple Inc. (AAPL) | Equity | 0% | 1,227,290 | 2.13% | $205.17 | $234.36 | $251,803,090 | $287,631,366 | +$35,828,276 | +14.23% |
| The Bank Of New York Mellon Corp. (BK) | Equity | 0% | 121,500 | 0.09% | $91.11 | $104.66 | $11,069,865 | $12,716,190 | +$1,646,325 | +14.87% |
| Blackrock Inc. (BLK) | Equity | 0% | 220,200 | 1.95% | $1,049.25 | $1,106.02 | $231,044,851 | $243,545,604 | +$12,500,753 | +5.41% |
| Blackstone Inc. (BX) | Equity | 0% | 1,229,000 | 1.55% | $149.58 | $144.20 | $183,833,821 | $177,221,800 | -$6,612,021 | -3.60% |
| Brookfield Asset Management Ltd. (BAM) | Equity | 0% | 2,193,953 | 1.03% | $55.28 | $53.93 | $121,281,722 | $118,319,885 | -$2,961,837 | -2.44% |
| Brookfield Corp. (BN) | Equity | 0% | 8,715,741 | 4.56% | $61.85 | $66.49 | $539,068,582 | $579,509,619 | +$40,441,037 | +7.50% |
| Brown-Forman Corp. (BF-A) | Equity | 0% | 843,000 | 0.20% | $27.47 | $27.99 | $23,157,210 | $23,595,570 | +$438,360 | +1.89% |
| Brunswick Corp. (BC) | Equity | 0% | 29,500 | 0.01% | $55.24 | $64.84 | $1,629,580 | $1,912,780 | +$283,200 | +17.38% |
| Celanese Corp. (CE) | Equity | 0% | 81,300 | 0.04% | $55.33 | $44.62 | $4,498,329 | $3,627,606 | -$870,723 | -19.36% |
| Choice Hotels International Inc. (CHH) | Equity | 0% | 115,500 | 0.12% | $126.88 | $113.91 | $14,654,640 | $13,156,605 | -$1,498,035 | -10.22% |
| Costco Wholesale Corp. (COST) | Equity | 0% | 39,150 | 0.33% | $989.94 | $977.73 | $38,756,151 | $38,277,934 | -$478,217 | -1.23% |
| Eastman Chemical Company (EMN) | Equity | 0% | 74,950 | 0.05% | $74.66 | $67.63 | $5,595,767 | $5,068,869 | -$526,899 | -9.42% |
| Ferguson Enterprises Inc. (FERG) | Equity | +9.35% | 134,500 | 0.25% | $217.75 | $226.60 | $29,287,375 | $30,477,700 | +$1,190,325 | +4.06% |
| Hagerty Inc. (HGTY) | Equity | 0% | 3,108,000 | 0.27% | $10.11 | $12.20 | $31,421,880 | $37,917,600 | +$6,495,720 | +20.67% |
| Investors Title Company (ITIC) | Equity | 0% | 213,300 | 0.38% | $211.30 | $248.46 | $45,070,290 | $52,996,518 | +$7,926,228 | +17.59% |
| Johnson & Johnson (JNJ) | Equity | 0% | 610,800 | 0.79% | $152.75 | $177.19 | $93,299,700 | $108,227,652 | +$14,927,952 | +16.00% |
| JP Morgan Chase & Co. (JPM) | Equity | 0% | 252,550 | 0.62% | $289.91 | $297.92 | $73,216,771 | $75,239,696 | +$2,022,925 | +2.76% |
| Marriott International Inc. (MAR) | Equity | +15.87% | 60,250 | 0.14% | $273.21 | $265.36 | $16,460,903 | $15,987,940 | -$472,963 | -2.87% |
| Spotify Technology S.A. (SPOT) | Equity | 0% | 25,900 | 0.17% | $767.34 | $718.59 | $19,874,106 | $18,611,481 | -$1,262,625 | -6.35% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +10.11% | 49,550 | 0.17% | $405.46 | $483.89 | $20,090,543 | $23,976,502 | +$3,885,959 | +19.34% |
| Union Pacific Corp. (UNP) | Equity | +13.41% | 97,278 | 0.19% | $230.08 | $216.00 | $22,381,722 | $21,012,048 | -$1,369,674 | -6.12% |
| United Rentals Inc. (URI) | Equity | 0% | 31,150 | 0.20% | $753.40 | $946.80 | $23,468,410 | $29,492,820 | +$6,024,410 | +25.67% |
| Visa Inc. (V) | Equity | 0% | 999,285 | 3.00% | $355.05 | $344.24 | $354,796,140 | $343,988,872 | -$10,807,268 | -3.05% |
| Watsco Inc. (WSO) | Equity | -4.29% | 565,169 | 2.11% | $441.62 | $402.41 | $249,589,933 | $227,429,657 | -$22,160,276 | -8.88% |
| Alphabet Inc. (GOOG) | Equity | 0% | 2,749,860 | 4.12% | $177.39 | $239.54 | $487,797,665 | $658,701,464 | +$170,903,799 | +35.04% |
| Analog Devices Inc. (ADI) | Equity | 0% | 1,167,671 | 2.35% | $238.02 | $247.00 | $277,929,053 | $288,414,737 | +$10,485,684 | +3.77% |
| Anheuser Busch Inbev NV (BUD) | Equity | 0% | 11,000 | 0.01% | $68.72 | $59.40 | $755,920 | $653,345 | -$102,575 | -13.57% |
| W. R. Berkley Corp. (WRB) | Equity | 0% | 60,750 | 0.04% | $73.47 | $72.54 | $4,463,304 | $4,406,805 | -$56,499 | -1.27% |
| Brown-Forman Corp. (BF-B) | Equity | 0% | 474,187 | 0.11% | $26.91 | $27.53 | $12,760,372 | $13,051,997 | +$291,625 | +2.29% |
| Capital One Financial Corp. (COF) | Equity | 0% | 91,000 | 0.16% | $212.76 | $220.81 | $19,361,160 | $20,093,710 | +$732,550 | +3.78% |
| The Carlyle Group Inc. (CG) | Equity | 0% | 1,327,000 | 0.58% | $51.40 | $63.53 | $68,207,800 | $84,304,310 | +$16,096,510 | +23.60% |
| Cisco Systems Inc. (CSCO) | Equity | +2.19% | 349,500 | 0.21% | $69.38 | $67.38 | $24,248,310 | $23,547,563 | -$700,748 | -2.89% |
| Crown Holdings Inc. (CCK) | Equity | 0% | 189,500 | 0.16% | $102.98 | $94.55 | $19,514,710 | $17,917,225 | -$1,597,485 | -8.19% |
| Csx Corp. (CSX) | Equity | +100% | 65,000 | 0.02% | $32.63 | $32.25 | $2,120,950 | $2,095,925 | -$25,025 | -1.18% |
| Equifax Inc. (EFX) | Equity | 0% | 72,850 | 0.16% | $259.37 | $250.82 | $18,895,105 | $18,271,873 | -$623,232 | -3.30% |
| Franco-Nevada Corp. (FNV) | Equity | +8.42% | 569,500 | 0.79% | $163.92 | $196.37 | $93,352,440 | $111,832,715 | +$18,480,275 | +19.80% |
| The Hanover Insurance Group Inc. (THG) | Equity | +0.36% | 281,000 | 0.40% | $169.87 | $179.07 | $47,733,470 | $50,318,670 | +$2,585,200 | +5.42% |
| HCA Healthcare Inc. (HCA) | Equity | +11.23% | 68,963 | 0.22% | $383.10 | $414.45 | $26,419,726 | $28,581,715 | +$2,161,989 | +8.18% |
| KKR & Co. Inc. (KKR) | Equity | 0% | 1,451,800 | 1.63% | $133.03 | $137.01 | $193,132,954 | $198,911,118 | +$5,778,164 | +2.99% |
| Lamar Advertising Company (LAMR) | Equity | +15.33% | 158,000 | 0.16% | $121.36 | $128.15 | $19,174,880 | $20,247,700 | +$1,072,820 | +5.59% |
| Marsh & Mclennan Companies Inc. (MMC) | Equity | +0.71% | 748,750 | 1.38% | $218.64 | $201.92 | $163,706,700 | $151,187,600 | -$12,519,100 | -7.65% |
| 3m Company (MMM) | Equity | -59.74% | 118,250 | 0.15% | $152.24 | $153.04 | $18,002,380 | $18,096,389 | +$94,009 | +0.52% |
| Accenture PLC (ACN) | Equity | 0% | 159,400 | 0.40% | $298.89 | $251.60 | $47,643,066 | $40,105,040 | -$7,538,026 | -15.82% |
| Acuity Inc. (AYI) | Equity | 0% | 9,750 | 0.02% | $298.34 | $329.78 | $2,908,815 | $3,215,355 | +$306,540 | +10.54% |
| Air Products And Chemicals Inc. (APD) | Equity | 0% | 65,000 | 0.16% | $282.06 | $287.30 | $18,333,900 | $18,674,500 | +$340,600 | +1.86% |
| Mastercard Inc. (MA) | Equity | 0% | 207,540 | 0.99% | $561.94 | $585.53 | $116,625,028 | $121,520,896 | +$4,895,868 | +4.20% |
| Moody's Corp. (MCO) | Equity | 0% | 213,890 | 0.91% | $501.59 | $507.47 | $107,285,086 | $108,541,689 | +$1,256,603 | +1.17% |
| MSCI Inc. (MSCI) | Equity | 0% | 142,850 | 0.70% | $576.74 | $570.47 | $82,387,309 | $81,491,640 | -$895,670 | -1.09% |
| Nike Inc. (NKE) | Equity | +0.45% | 447,400 | 0.27% | $71.04 | $73.48 | $31,783,296 | $32,872,715 | +$1,089,419 | +3.43% |
| Norfolk Southern Corp. (NSC) | Equity | +3.05% | 236,500 | 0.51% | $255.97 | $273.91 | $60,536,905 | $64,779,715 | +$4,242,810 | +7.01% |
| Novo Nordisk As (NVO) | Equity | +5.05% | 2,258,588 | 1.32% | $69.02 | $53.98 | $155,887,745 | $121,907,287 | -$33,980,458 | -21.80% |
| NVR Inc. (NVR) | Equity | +0.11% | 11,897 | 0.74% | $7,385.66 | $8,279.05 | $87,867,198 | $98,495,858 | +$10,628,660 | +12.10% |
| O-I Glass Inc. (OI) | Equity | -45.81% | 473,700 | 0.06% | $14.74 | $12.84 | $6,982,338 | $6,082,308 | -$900,030 | -12.89% |
| Old Dominion Freight Line Inc. (ODFL) | Equity | +9.34% | 342,450 | 0.47% | $162.30 | $148.48 | $55,579,635 | $50,846,976 | -$4,732,659 | -8.52% |
| Otis Worldwide Corp. (OTIS) | Equity | 0% | 114,620 | 0.10% | $99.02 | $96.99 | $11,349,672 | $11,116,994 | -$232,678 | -2.05% |
| Paychex Inc. (PAYX) | Equity | 0% | 150,000 | 0.18% | $145.46 | $134.49 | $21,819,000 | $20,172,750 | -$1,646,250 | -7.55% |
| Pepsico Inc. (PEP) | Equity | 0% | 96,210 | 0.11% | $132.04 | $143.17 | $12,703,568 | $13,774,097 | +$1,070,529 | +8.43% |
| Starbucks Corp. (SBUX) | Equity | 0% | 623,818 | 0.48% | $91.63 | $83.45 | $57,160,443 | $52,057,612 | -$5,102,831 | -8.93% |
| Sysco Corp. (SYY) | Equity | +166.67% | 24,000 | 0.02% | $75.74 | $80.89 | $1,817,760 | $1,941,360 | +$123,600 | +6.80% |
| Transunion (TRU) | Equity | 0% | 101,050 | 0.08% | $88.00 | $93.44 | $8,892,400 | $9,442,112 | +$549,712 | +6.18% |
| Tyson Foods Inc. (TSN) | Equity | +2.19% | 816,000 | 0.39% | $55.94 | $55.89 | $45,647,040 | $45,606,240 | -$40,800 | -0.09% |
| UnitedHealth Group Inc. (UNH) | Equity | -5.40% | 26,500 | 0.07% | $311.97 | $346.42 | $8,267,206 | $9,180,130 | +$912,924 | +11.04% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | 0% | 1,531,971 | 6.29% | $485.77 | $493.55 | $744,185,552 | $756,096,627 | +$11,911,075 | +1.60% |
| Comcast Corp. (CMCSA) | Equity | 0% | 961,880 | 0.29% | $35.69 | $33.84 | $34,329,497 | $32,550,019 | -$1,779,478 | -5.18% |
| Comfort Systems Usa Inc. (FIX) | Equity | 0% | 13,000 | 0.06% | $536.21 | $465.23 | $6,970,730 | $6,047,990 | -$922,740 | -13.24% |
| Diageo PLC (DEO) | Equity | 0% | 1,366,708 | 1.17% | $100.84 | $104.88 | $137,818,835 | $143,334,868 | +$5,516,033 | +4.00% |
| The Walt Disney Company (DIS) | Equity | 0% | 2,031,665 | 2.13% | $124.01 | $117.54 | $251,946,778 | $238,801,904 | -$13,144,874 | -5.22% |
| Dollar General Corp. (DG) | Equity | 0% | 869,250 | 0.84% | $114.38 | $104.63 | $99,424,814 | $90,945,281 | -$8,479,533 | -8.53% |
| Domino's Pizza Inc. (DPZ) | Equity | 0% | 5,500 | 0.02% | $450.60 | $459.38 | $2,478,300 | $2,526,590 | +$48,290 | +1.95% |
| Ecolab Inc. (ECL) | Equity | 0% | 274,300 | 0.62% | $269.44 | $271.10 | $73,907,392 | $74,362,730 | +$455,338 | +0.62% |
| General Dynamics Corp. (GD) | Equity | 0% | 391,000 | 0.96% | $291.66 | $321.35 | $114,039,060 | $125,645,895 | +$11,606,835 | +10.18% |
| The Goldman Sachs Group Inc. (GS) | Equity | 0% | 359,360 | 2.15% | $707.75 | $762.23 | $254,337,042 | $273,914,973 | +$19,577,931 | +7.70% |
| Graham Holdings Company (GHC) | Equity | 0% | 5,200 | 0.04% | $946.17 | $1,136.62 | $4,920,084 | $5,910,424 | +$990,340 | +20.13% |
| Hexcel Corp. (HXL) | Equity | 0% | 189,000 | 0.09% | $56.49 | $63.22 | $10,676,610 | $11,948,580 | +$1,271,970 | +11.91% |
| The Home Depot Inc. (HD) | Equity | 0% | 920,000 | 2.85% | $366.64 | $414.70 | $337,308,800 | $381,519,400 | +$44,210,600 | +13.11% |
| Huntington Ingalls Industries Inc. (HII) | Equity | +13.89% | 20,500 | 0.04% | $241.46 | $266.50 | $4,949,930 | $5,463,250 | +$513,320 | +10.37% |
| Intercontinental Exchange Inc. (ICE) | Equity | 0% | 5,120 | 0.01% | $183.47 | $173.85 | $939,366 | $890,112 | -$49,254 | -5.24% |
| Linde PLC (LIN) | Equity | +3.09% | 186,600 | 0.74% | $469.18 | $473.50 | $87,548,988 | $88,354,167 | +$805,179 | +0.92% |
| Lockheed Martin Corp. (LMT) | Equity | +1.30% | 62,263 | 0.24% | $463.14 | $456.86 | $28,836,486 | $28,445,474 | -$391,012 | -1.36% |
| Meta Platforms Inc. (META) | Equity | +0.07% | 280,281 | 1.75% | $738.09 | $764.18 | $206,872,603 | $214,185,135 | +$7,312,532 | +3.53% |
| Microsoft Corp. (MSFT) | Equity | +0.91% | 527,480 | 2.22% | $497.41 | $498.50 | $262,373,826 | $262,948,780 | +$574,954 | +0.22% |
| The Allstate Corp. (ALL) | Equity | 0% | 154,550 | 0.26% | $201.31 | $201.22 | $31,112,461 | $31,097,778 | -$14,683 | -0.05% |
| Amazon.com Inc. (AMZN) | Equity | 0% | 2,030,760 | 3.77% | $219.39 | $238.22 | $445,528,436 | $483,767,647 | +$38,239,211 | +8.58% |
| American Express Company (AXP) | Equity | 0% | 484,250 | 1.31% | $318.98 | $323.49 | $154,466,065 | $156,650,033 | +$2,183,968 | +1.41% |
| Applied Materials Inc. (AMAT) | Equity | +100% | 16,500 | 0.03% | $183.07 | $163.15 | $3,020,655 | $2,691,893 | -$328,763 | -10.88% |
| T. Rowe Price Group Inc. (TROW) | Equity | 0% | 314,000 | 0.26% | $96.50 | $107.36 | $30,301,000 | $33,711,040 | +$3,410,040 | +11.25% |
| The Progressive Corp. (PGR) | Equity | 0% | 753,750 | 1.70% | $266.86 | $243.85 | $201,145,726 | $183,801,938 | -$17,343,788 | -8.62% |
| Renaissancere Holdings Ltd. (RNR) | Equity | 0% | 70,000 | 0.14% | $242.90 | $238.89 | $17,003,000 | $16,722,300 | -$280,700 | -1.65% |
| Rli Corp. (RLI) | Equity | 0% | 2,394,544 | 1.46% | $72.22 | $67.73 | $172,933,967 | $162,182,465 | -$10,751,502 | -6.22% |
| Shopify Inc. (SHOP) | Equity | 0% | 102,750 | 0.10% | $115.35 | $143.04 | $11,852,213 | $14,697,360 | +$2,845,147 | +24.01% |
| Wells Fargo & Company (WFC) | Equity | 0% | 204,450 | 0.14% | $80.12 | $80.81 | $16,380,534 | $16,521,605 | +$141,071 | +0.86% |
| Willis Towers Watson Public Limited Company (WTW) | Equity | 0% | 8,627 | 0.02% | $306.50 | $329.50 | $2,644,177 | $2,842,597 | +$198,420 | +7.50% |
| Berkshire Hathaway Inc. (BRK-A) | Equity | 0% | 1,114 | 6.86% | $728,800.00 | $739,274.88 | $811,883,200 | $823,552,211 | +$11,669,011 | +1.44% |
| Deere & Company (DE) | Equity | +0.02% | 877,900 | 3.77% | $508.49 | $474.81 | $446,403,372 | $416,835,699 | -$29,567,673 | -6.62% |
| Factset Research Systems Inc. (FDS) | Equity | 0% | 116,720 | 0.44% | $447.28 | $371.65 | $52,206,522 | $43,378,404 | -$8,828,118 | -16.91% |
| Fedex Corp. (FDX) | Equity | 0% | 213,000 | 0.41% | $227.31 | $225.41 | $48,417,030 | $48,011,265 | -$405,765 | -0.84% |
| Gartner Inc. (IT) | Equity | 0% | 5,700 | 0.02% | $404.22 | $245.36 | $2,304,054 | $1,398,552 | -$905,502 | -39.30% |
| Heico Corp. (HEI-A) | Equity | 0% | 379,644 | 0.83% | $258.75 | $251.32 | $98,232,886 | $95,412,130 | -$2,820,756 | -2.87% |
| The Hershey Company (HSY) | Equity | 0% | 54,500 | 0.08% | $165.95 | $187.72 | $9,044,275 | $10,230,740 | +$1,186,465 | +13.12% |
| The Estée Lauder Companies Inc. (EL) | Equity | 0% | 15,000 | 0.01% | $80.80 | $88.53 | $1,212,000 | $1,327,950 | +$115,950 | +9.57% |
| Lpl Financial Holdings Inc. (LPLA) | Equity | +1.02% | 544,604 | 1.73% | $374.97 | $341.58 | $204,210,161 | $186,025,834 | -$18,184,327 | -8.90% |
| Philip Morris International Inc. (PM) | Equity | 0% | 114,500 | 0.18% | $182.13 | $164.61 | $20,853,885 | $18,847,845 | -$2,006,040 | -9.62% |
| S&P Global Inc. (SPGI) | Equity | 0% | 150,690 | 0.67% | $527.29 | $547.31 | $79,457,331 | $82,474,144 | +$3,016,813 | +3.80% |
| The Charles Schwab Corp. (SCHW) | Equity | 0% | 1,364,800 | 1.05% | $91.24 | $93.56 | $124,524,351 | $127,683,864 | +$3,159,513 | +2.54% |
| The Scotts Miracle-Gro Company (SMG) | Equity | 0% | 168,000 | 0.09% | $65.96 | $60.46 | $11,081,280 | $10,157,280 | -$924,000 | -8.34% |
| Sei Investments Company (SEIC) | Equity | 0% | 173,200 | 0.13% | $89.86 | $86.38 | $15,563,752 | $14,961,016 | -$602,736 | -3.87% |
| The Sherwin-Williams Company (SHW) | Equity | 0% | 94,172 | 0.27% | $343.36 | $360.30 | $32,334,898 | $33,930,172 | +$1,595,274 | +4.93% |
| Target Corp. (TGT) | Equity | 0% | 133,000 | 0.11% | $98.65 | $90.28 | $13,120,450 | $12,007,240 | -$1,113,210 | -8.48% |
| Texas Instruments Inc. (TXN) | Equity | 0% | 724,000 | 1.27% | $207.62 | $184.41 | $150,316,880 | $133,512,840 | -$16,804,040 | -11.18% |
| Verisk Analytics Inc. (VRSK) | Equity | 0% | 155,950 | 0.41% | $311.50 | $313.10 | $48,578,425 | $48,827,945 | +$249,520 | +0.51% |
| Yum! Brands Inc. (YUM) | Equity | +0.44% | 226,451 | 0.28% | $148.18 | $145.93 | $33,555,509 | $33,045,994 | -$509,515 | -1.52% |
| Airbnb Inc. (ABNB) | Equity | +15.33% | 212,003 | 0.24% | $132.34 | $123.71 | $28,056,478 | $26,226,891 | -$1,829,587 | -6.52% |
| Alphabet Inc. (GOOGL) | Equity | +2.69% | 572,000 | 0.85% | $176.23 | $239.51 | $100,803,560 | $136,999,720 | +$36,196,160 | +35.91% |
| Rockwell Automation Inc. (ROK) | Equity | 0% | 154,900 | 0.44% | $332.17 | $341.29 | $51,453,133 | $52,865,821 | +$1,412,688 | +2.75% |
| Rollins Inc. (ROL) | Equity | +0.48% | 1,469,275 | 0.70% | $56.42 | $57.13 | $82,896,497 | $83,939,681 | +$1,043,184 | +1.26% |
| RTX Corp. (RTX) | Equity | 0% | 224,000 | 0.28% | $146.02 | $152.33 | $32,708,480 | $34,120,800 | +$1,412,320 | +4.32% |
| Sony Group Corp. (SONY) | Equity | 0% | 335,000 | 0.07% | $26.03 | $28.71 | $8,720,050 | $9,616,175 | +$896,125 | +10.28% |
| Uber Technologies Inc. (UBER) | Equity | +1.23% | 123,500 | 0.10% | $93.30 | $94.62 | $11,522,550 | $11,684,953 | +$162,403 | +1.41% |