Investor: Thomas S. Gayner
Number of Assets: 135
Reporting Period: Q1 - 2025
Holdings at Report: $11,261,372,517
Return Since Report: +$842,540,556
Return Since Report: +7.48%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| 3m Company (MMM) | Equity | 0% | 293,750 | 0.38% | $146.86 | $150.85 | $43,140,125 | $44,312,188 | +$1,172,063 | +2.72% |
| Accenture PLC (ACN) | Equity | 0% | 159,400 | 0.44% | $312.04 | $283.62 | $49,739,176 | $45,208,869 | -$4,530,307 | -9.11% |
| Acuity Inc. (AYI) | Equity | +225.00% | 9,750 | 0.02% | $263.35 | $300.55 | $2,567,663 | $2,930,363 | +$362,700 | +14.13% |
| Air Products And Chemicals Inc. (APD) | Equity | +0.78% | 65,000 | 0.17% | $294.92 | $299.21 | $19,169,800 | $19,448,650 | +$278,850 | +1.45% |
| Airbnb Inc. (ABNB) | Equity | +59.41% | 183,820 | 0.19% | $119.46 | $141.59 | $21,959,137 | $26,026,890 | +$4,067,753 | +18.52% |
| The Allstate Corp. (ALL) | Equity | 0% | 154,550 | 0.28% | $207.07 | $196.03 | $32,002,669 | $30,296,437 | -$1,706,232 | -5.33% |
| Alphabet Inc. (GOOGL) | Equity | +0.36% | 557,000 | 0.76% | $154.64 | $193.25 | $86,134,480 | $107,639,693 | +$21,505,213 | +24.97% |
| Alphabet Inc. (GOOG) | Equity | 0% | 2,749,860 | 3.81% | $156.23 | $194.23 | $429,610,627 | $534,105,308 | +$104,494,681 | +24.32% |
| Amazon.com Inc. (AMZN) | Equity | 0% | 2,030,760 | 3.43% | $190.26 | $231.86 | $386,372,398 | $470,852,014 | +$84,479,616 | +21.86% |
| American Express Company (AXP) | Equity | 0% | 484,250 | 1.16% | $269.05 | $311.77 | $130,287,464 | $150,974,623 | +$20,687,159 | +15.88% |
| Analog Devices Inc. (ADI) | Equity | 0% | 1,167,671 | 2.09% | $201.67 | $227.75 | $235,484,210 | $265,933,567 | +$30,449,357 | +12.93% |
| Anheuser Busch Inbev NV (BUD) | Equity | 0% | 11,000 | 0.01% | $61.56 | $70.09 | $677,160 | $770,990 | +$93,830 | +13.86% |
| Aon PLC (AON) | Equity | +2.58% | 129,450 | 0.46% | $399.09 | $374.03 | $51,662,202 | $48,418,442 | -$3,243,760 | -6.28% |
| Apollo Global Management Inc. (APO) | Equity | 0% | 1,012,500 | 1.23% | $136.94 | $151.59 | $138,651,750 | $153,484,875 | +$14,833,125 | +10.70% |
| Apple Inc. (AAPL) | Equity | 0% | 1,227,290 | 2.42% | $222.13 | $213.72 | $272,617,927 | $262,290,282 | -$10,327,645 | -3.79% |
| Ball Corp. (BALL) | Equity | 0% | 51,000 | 0.02% | $52.07 | $58.99 | $2,655,570 | $3,008,490 | +$352,920 | +13.29% |
| The Bank Of New York Mellon Corp. (BK) | Equity | 0% | 121,500 | 0.09% | $83.87 | $101.06 | $10,190,205 | $12,278,790 | +$2,088,585 | +20.50% |
| W. R. Berkley Corp. (WRB) | Equity | 0% | 60,750 | 0.04% | $71.16 | $69.00 | $4,322,970 | $4,191,750 | -$131,220 | -3.04% |
| Berkshire Hathaway Inc. (BRK-A) | Equity | 0% | 1,114 | 7.90% | $798,441.60 | $725,715.06 | $889,463,943 | $808,446,579 | -$81,017,364 | -9.11% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | 0% | 1,531,971 | 7.25% | $532.58 | $483.58 | $815,897,115 | $740,830,536 | -$75,066,579 | -9.20% |
| Blackrock Inc. (BLK) | Equity | 0% | 220,200 | 1.85% | $946.48 | $1,127.42 | $208,414,895 | $248,257,884 | +$39,842,989 | +19.12% |
| Blackstone Inc. (BX) | Equity | 0% | 1,229,000 | 1.53% | $139.78 | $144.20 | $171,789,621 | $177,221,800 | +$5,432,179 | +3.16% |
| Brookfield Asset Management Ltd. (BAM) | Equity | 0% | 2,193,953 | 0.94% | $48.45 | $53.93 | $106,297,024 | $118,319,885 | +$12,022,861 | +11.31% |
| Brookfield Corp. (BN) | Equity | 0% | 8,715,741 | 4.06% | $52.41 | $67.69 | $456,791,987 | $589,968,508 | +$133,176,521 | +29.15% |
| Brown-Forman Corp. (BF-A) | Equity | 0% | 843,000 | 0.25% | $33.47 | $30.81 | $28,215,210 | $25,968,615 | -$2,246,595 | -7.96% |
| Brown-Forman Corp. (BF-B) | Equity | 0% | 474,187 | 0.14% | $33.94 | $30.98 | $16,093,908 | $14,690,313 | -$1,403,595 | -8.72% |
| Brunswick Corp. (BC) | Equity | +96.67% | 29,500 | 0.01% | $53.85 | $60.56 | $1,588,575 | $1,786,520 | +$197,945 | +12.46% |
| CBOE Global Markets Inc. (CBOE) | Equity | +100% | 6,000 | 0.01% | $226.29 | $247.75 | $1,357,740 | $1,486,470 | +$128,730 | +9.48% |
| Celanese Corp. (CE) | Equity | 0% | 81,300 | 0.04% | $56.77 | $58.91 | $4,615,401 | $4,789,383 | +$173,982 | +3.77% |
| Choice Hotels International Inc. (CHH) | Equity | 0% | 115,500 | 0.14% | $132.78 | $135.00 | $15,336,090 | $15,591,923 | +$255,833 | +1.67% |
| Cisco Systems Inc. (CSCO) | Equity | 0% | 342,000 | 0.19% | $61.71 | $68.80 | $21,104,820 | $23,529,600 | +$2,424,780 | +11.49% |
| CME Group Inc. (CME) | Equity | +216.67% | 9,500 | 0.02% | $265.29 | $279.92 | $2,520,255 | $2,659,193 | +$138,938 | +5.51% |
| Comcast Corp. (CMCSA) | Equity | 0% | 961,880 | 0.32% | $36.90 | $33.77 | $35,493,372 | $32,477,878 | -$3,015,494 | -8.50% |
| Eastman Chemical Company (EMN) | Equity | 0% | 74,950 | 0.06% | $88.11 | $78.24 | $6,603,845 | $5,864,088 | -$739,757 | -11.20% |
| Ecolab Inc. (ECL) | Equity | 0% | 274,300 | 0.62% | $253.52 | $271.34 | $69,540,536 | $74,427,191 | +$4,886,655 | +7.03% |
| Equifax Inc. (EFX) | Equity | 0% | 72,850 | 0.16% | $243.56 | $247.09 | $17,743,346 | $18,000,507 | +$257,161 | +1.45% |
| Factset Research Systems Inc. (FDS) | Equity | 0% | 116,720 | 0.47% | $454.64 | $417.73 | $53,065,582 | $48,757,446 | -$4,308,136 | -8.12% |
| Fedex Corp. (FDX) | Equity | +3.15% | 213,000 | 0.46% | $243.78 | $242.67 | $51,925,140 | $51,688,710 | -$236,430 | -0.46% |
| Ferguson Enterprises Inc. (FERG) | Equity | +16.04% | 123,000 | 0.18% | $160.23 | $223.85 | $19,708,290 | $27,533,673 | +$7,825,383 | +39.71% |
| Franco-Nevada Corp. (FNV) | Equity | +8.69% | 525,250 | 0.73% | $157.56 | $163.16 | $82,758,390 | $85,699,790 | +$2,941,400 | +3.55% |
| Gartner Inc. (IT) | Equity | 0% | 5,700 | 0.02% | $419.74 | $358.11 | $2,392,518 | $2,041,227 | -$351,291 | -14.68% |
| Graham Holdings Company (GHC) | Equity | 0% | 5,200 | 0.04% | $960.86 | $904.31 | $4,996,472 | $4,702,412 | -$294,060 | -5.89% |
| Graphic Packaging Holding Company (GPK) | Equity | +7.96% | 461,225 | 0.11% | $25.96 | $23.33 | $11,973,401 | $10,758,073 | -$1,215,328 | -10.15% |
| The Hanover Insurance Group Inc. (THG) | Equity | +4.87% | 280,000 | 0.43% | $173.95 | $166.20 | $48,706,000 | $46,536,000 | -$2,170,000 | -4.46% |
| HCA Healthcare Inc. (HCA) | Equity | +9.58% | 62,001 | 0.19% | $345.55 | $333.65 | $21,424,446 | $20,686,634 | -$737,812 | -3.44% |
| Heico Corp. (HEI-A) | Equity | 0% | 379,644 | 0.71% | $210.97 | $253.30 | $80,093,494 | $96,161,927 | +$16,068,433 | +20.06% |
| The Hershey Company (HSY) | Equity | +21.11% | 54,500 | 0.08% | $171.03 | $186.63 | $9,321,135 | $10,171,063 | +$849,928 | +9.12% |
| Huntington Ingalls Industries Inc. (HII) | Equity | +350.00% | 18,000 | 0.03% | $204.04 | $265.52 | $3,672,720 | $4,779,360 | +$1,106,640 | +30.13% |
| Illinois Tool Works Inc. (ITW) | Equity | 0% | 327,500 | 0.72% | $248.01 | $262.45 | $81,223,276 | $85,950,738 | +$4,727,461 | +5.82% |
| Investors Title Company (ITIC) | Equity | 0% | 213,300 | 0.46% | $241.08 | $209.83 | $51,422,364 | $44,755,673 | -$6,666,692 | -12.96% |
| Iqvia Holdings Inc. (IQV) | Equity | 0% | 58,726 | 0.09% | $176.30 | $199.39 | $10,353,394 | $11,709,084 | +$1,355,690 | +13.09% |
| Johnson & Johnson (JNJ) | Equity | 0% | 610,800 | 0.90% | $165.84 | $168.25 | $101,295,073 | $102,767,100 | +$1,472,027 | +1.45% |
| JP Morgan Chase & Co. (JPM) | Equity | 0% | 252,550 | 0.55% | $245.30 | $297.91 | $61,950,515 | $75,237,171 | +$13,286,656 | +21.45% |
| Archer-Daniels-Midland Company (ADM) | Equity | +5.22% | 1,551,300 | 0.66% | $48.01 | $55.36 | $74,477,912 | $85,879,968 | +$11,402,056 | +15.31% |
| Cable One Inc. (CABO) | Equity | -76.62% | 11,900 | 0.03% | $265.77 | $143.03 | $3,162,663 | $1,702,057 | -$1,460,606 | -46.18% |
| Capital One Financial Corp. (COF) | Equity | 0% | 91,000 | 0.14% | $179.30 | $213.12 | $16,316,300 | $19,393,920 | +$3,077,620 | +18.86% |
| The Carlyle Group Inc. (CG) | Equity | 0% | 1,327,000 | 0.51% | $43.59 | $63.49 | $57,843,930 | $84,244,595 | +$26,400,665 | +45.64% |
| Carmax Inc. (KMX) | Equity | 0% | 136,500 | 0.09% | $77.92 | $60.71 | $10,636,080 | $8,286,233 | -$2,349,848 | -22.09% |
| Carrier Global Corp. (CARR) | Equity | 0% | 235,000 | 0.13% | $63.40 | $80.69 | $14,899,000 | $18,962,150 | +$4,063,150 | +27.27% |
| Caterpillar Inc. (CAT) | Equity | +1.00% | 328,050 | 0.96% | $329.80 | $433.75 | $108,190,890 | $142,291,688 | +$34,100,798 | +31.52% |
| Comfort Systems Usa Inc. (FIX) | Equity | 0% | 13,000 | 0.04% | $322.33 | $465.23 | $4,190,290 | $6,047,990 | +$1,857,700 | +44.33% |
| Costar Group Inc. (CSGP) | Equity | 0% | 18,600 | 0.01% | $79.23 | $92.97 | $1,473,678 | $1,729,242 | +$255,564 | +17.34% |
| Costco Wholesale Corp. (COST) | Equity | 0% | 39,150 | 0.33% | $945.78 | $935.81 | $37,027,287 | $36,636,766 | -$390,521 | -1.05% |
| Crown Holdings Inc. (CCK) | Equity | 0% | 189,500 | 0.15% | $89.26 | $103.04 | $16,914,770 | $19,525,133 | +$2,610,363 | +15.43% |
| Deere & Company (DE) | Equity | +0.31% | 877,700 | 3.66% | $469.35 | $518.45 | $411,948,496 | $455,039,177 | +$43,090,680 | +10.46% |
| Diageo PLC (DEO) | Equity | 0% | 1,366,708 | 1.27% | $104.79 | $106.87 | $143,217,331 | $146,061,451 | +$2,844,120 | +1.99% |
| The Walt Disney Company (DIS) | Equity | 0% | 2,031,665 | 1.78% | $98.70 | $121.65 | $200,525,336 | $247,152,047 | +$46,626,711 | +23.25% |
| Dollar General Corp. (DG) | Equity | +4.01% | 869,250 | 0.68% | $87.93 | $107.79 | $76,433,152 | $93,696,458 | +$17,263,305 | +22.59% |
| Domino's Pizza Inc. (DPZ) | Equity | 0% | 5,500 | 0.02% | $459.45 | $485.42 | $2,526,975 | $2,669,810 | +$142,835 | +5.65% |
| Eagle Materials Inc. (EXP) | Equity | +100% | 3,500 | 0.01% | $221.93 | $225.05 | $776,755 | $787,675 | +$10,920 | +1.41% |
| General Dynamics Corp. (GD) | Equity | 0% | 391,000 | 0.95% | $272.58 | $314.59 | $106,578,781 | $123,002,735 | +$16,423,954 | +15.41% |
| The Goldman Sachs Group Inc. (GS) | Equity | 0% | 359,360 | 1.74% | $546.29 | $728.65 | $196,314,775 | $261,847,664 | +$65,532,889 | +33.38% |
| Hagerty Inc. (HGTY) | Equity | 0% | 3,108,000 | 0.25% | $9.04 | $10.75 | $28,096,320 | $33,411,000 | +$5,314,680 | +18.92% |
| Hexcel Corp. (HXL) | Equity | 0% | 189,000 | 0.09% | $54.76 | $61.02 | $10,349,640 | $11,532,780 | +$1,183,140 | +11.43% |
| The Home Depot Inc. (HD) | Equity | 0% | 920,000 | 2.99% | $366.49 | $375.60 | $337,170,801 | $345,552,000 | +$8,381,199 | +2.49% |
| Insperity Inc. (NSP) | Equity | 0% | 131,728 | 0.10% | $89.23 | $60.54 | $11,754,089 | $7,974,813 | -$3,779,276 | -32.15% |
| Intercontinental Exchange Inc. (ICE) | Equity | 0% | 5,120 | 0.01% | $172.50 | $184.80 | $883,200 | $946,176 | +$62,976 | +7.13% |
| Intuit Inc. (INTU) | Equity | 0% | 2,720 | 0.01% | $613.99 | $790.11 | $1,670,053 | $2,149,086 | +$479,033 | +28.68% |
| Lamar Advertising Company (LAMR) | Equity | +10.48% | 137,000 | 0.14% | $113.78 | $125.35 | $15,587,860 | $17,172,950 | +$1,585,090 | +10.17% |
| The Estée Lauder Companies Inc. (EL) | Equity | 0% | 15,000 | 0.01% | $66.00 | $89.53 | $990,000 | $1,342,875 | +$352,875 | +35.64% |
| Linde PLC (LIN) | Equity | +7.74% | 181,000 | 0.75% | $465.64 | $472.70 | $84,280,840 | $85,558,700 | +$1,277,860 | +1.52% |
| Lockheed Martin Corp. (LMT) | Equity | +9.05% | 61,463 | 0.24% | $446.71 | $424.71 | $27,456,137 | $26,103,643 | -$1,352,494 | -4.93% |
| Lowe'S Companies Inc. (LOW) | Equity | +0.96% | 708,230 | 1.47% | $233.23 | $230.77 | $165,180,482 | $163,438,237 | -$1,742,245 | -1.05% |
| Lpl Financial Holdings Inc. (LPLA) | Equity | +1.26% | 539,104 | 1.57% | $327.14 | $381.73 | $176,362,483 | $205,789,474 | +$29,426,991 | +16.69% |
| Marriott International Inc. (MAR) | Equity | +10.64% | 52,000 | 0.11% | $238.20 | $278.70 | $12,386,400 | $14,492,400 | +$2,106,000 | +17.00% |
| Marsh & Mclennan Companies Inc. (MMC) | Equity | +1.09% | 743,500 | 1.61% | $244.03 | $210.55 | $181,436,306 | $156,543,925 | -$24,892,381 | -13.72% |
| Mastercard Inc. (MA) | Equity | 0% | 207,540 | 1.01% | $548.12 | $568.79 | $113,756,824 | $118,045,639 | +$4,288,815 | +3.77% |
| Meta Platforms Inc. (META) | Equity | +0.61% | 280,081 | 1.43% | $576.36 | $715.15 | $161,427,486 | $200,299,927 | +$38,872,441 | +24.08% |
| MGM Resorts International (MGM) | Equity | +113.75% | 85,500 | 0.02% | $29.64 | $38.38 | $2,534,220 | $3,281,063 | +$746,843 | +29.47% |
| Microsoft Corp. (MSFT) | Equity | +0.63% | 522,730 | 1.74% | $375.39 | $517.06 | $196,227,615 | $270,282,774 | +$74,055,159 | +37.74% |
| Moody's Corp. (MCO) | Equity | 0% | 213,890 | 0.88% | $465.69 | $513.44 | $99,606,435 | $109,818,612 | +$10,212,177 | +10.25% |
| MSCI Inc. (MSCI) | Equity | 0% | 142,850 | 0.72% | $565.50 | $547.92 | $80,781,675 | $78,270,372 | -$2,511,303 | -3.11% |
| Nike Inc. (NKE) | Equity | +3.01% | 445,400 | 0.25% | $63.48 | $76.41 | $28,273,992 | $34,033,014 | +$5,759,022 | +20.37% |
| Norfolk Southern Corp. (NSC) | Equity | 0% | 229,500 | 0.48% | $236.85 | $281.67 | $54,357,075 | $64,642,118 | +$10,285,043 | +18.92% |
| Novo Nordisk As (NVO) | Equity | 0% | 2,150,000 | 1.33% | $69.44 | $71.71 | $149,296,000 | $154,176,500 | +$4,880,500 | +3.27% |
| NVR Inc. (NVR) | Equity | +0.59% | 11,884 | 0.76% | $7,244.39 | $7,771.70 | $86,092,330 | $92,358,823 | +$6,266,493 | +7.28% |
| Renaissancere Holdings Ltd. (RNR) | Equity | 0% | 70,000 | 0.15% | $240.00 | $245.67 | $16,800,000 | $17,196,900 | +$396,900 | +2.36% |
| Rockwell Automation Inc. (ROK) | Equity | 0% | 154,900 | 0.36% | $258.38 | $358.61 | $40,023,062 | $55,548,689 | +$15,525,627 | +38.79% |
| Rollins Inc. (ROL) | Equity | 0% | 1,462,275 | 0.70% | $54.03 | $58.30 | $79,006,720 | $85,250,633 | +$6,243,913 | +7.90% |
| RTX Corp. (RTX) | Equity | 0% | 224,000 | 0.26% | $132.46 | $157.04 | $29,671,040 | $35,176,960 | +$5,505,920 | +18.56% |
| S&P Global Inc. (SPGI) | Equity | 0% | 150,690 | 0.68% | $508.10 | $535.31 | $76,565,589 | $80,665,110 | +$4,099,521 | +5.35% |
| The Charles Schwab Corp. (SCHW) | Equity | +0.07% | 1,364,800 | 0.95% | $78.28 | $97.05 | $106,836,544 | $132,453,840 | +$25,617,296 | +23.98% |
| Sei Investments Company (SEIC) | Equity | 0% | 173,200 | 0.12% | $77.63 | $90.00 | $13,445,516 | $15,587,134 | +$2,141,618 | +15.93% |
| The Sherwin-Williams Company (SHW) | Equity | 0% | 94,172 | 0.29% | $349.19 | $339.66 | $32,883,921 | $31,986,462 | -$897,459 | -2.73% |
| Shopify Inc. (SHOP) | Equity | 0% | 102,750 | 0.09% | $95.48 | $125.03 | $9,810,570 | $12,846,833 | +$3,036,263 | +30.95% |
| Sony Group Corp. (SONY) | Equity | 0% | 335,000 | 0.08% | $25.39 | $24.88 | $8,505,650 | $8,333,125 | -$172,525 | -2.03% |
| Spotify Technology S.A. (SPOT) | Equity | 0% | 25,900 | 0.13% | $550.03 | $693.14 | $14,245,777 | $17,952,326 | +$3,706,549 | +26.02% |
| Starbucks Corp. (SBUX) | Equity | +1.05% | 623,818 | 0.54% | $98.09 | $94.25 | $61,190,307 | $58,794,847 | -$2,395,461 | -3.91% |
| Sysco Corp. (SYY) | Equity | +100% | 9,000 | 0.01% | $75.04 | $80.26 | $675,360 | $722,340 | +$46,980 | +6.96% |
| Target Corp. (TGT) | Equity | 0% | 133,000 | 0.12% | $104.36 | $106.18 | $13,879,880 | $14,121,275 | +$241,395 | +1.74% |
| Texas Instruments Inc. (TXN) | Equity | 0% | 724,000 | 1.16% | $179.70 | $184.81 | $130,102,801 | $133,803,164 | +$3,700,363 | +2.84% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +9.49% | 45,000 | 0.20% | $497.60 | $477.97 | $22,392,000 | $21,508,650 | -$883,350 | -3.94% |
| Transunion (TRU) | Equity | 0% | 101,050 | 0.07% | $82.99 | $98.78 | $8,386,140 | $9,981,618 | +$1,595,478 | +19.03% |
| Watsco Inc. (WSO) | Equity | 0% | 590,500 | 2.67% | $508.30 | $488.10 | $300,151,150 | $288,223,050 | -$11,928,100 | -3.97% |
| Wells Fargo & Company (WFC) | Equity | 0% | 204,450 | 0.13% | $71.79 | $84.27 | $14,677,466 | $17,227,979 | +$2,550,513 | +17.38% |
| Willis Towers Watson Public Limited Company (WTW) | Equity | 0% | 8,627 | 0.03% | $337.95 | $313.02 | $2,915,495 | $2,700,424 | -$215,071 | -7.38% |
| Yum! Brands Inc. (YUM) | Equity | +9.71% | 225,451 | 0.32% | $157.36 | $146.38 | $35,476,970 | $33,001,517 | -$2,475,453 | -6.98% |
| KKR & Co. Inc. (KKR) | Equity | 0% | 1,451,800 | 1.49% | $115.61 | $152.44 | $167,842,599 | $221,312,392 | +$53,469,793 | +31.86% |
| O-I Glass Inc. (OI) | Equity | +6.07% | 874,100 | 0.09% | $11.47 | $14.55 | $10,025,927 | $12,718,155 | +$2,692,228 | +26.85% |
| Old Dominion Freight Line Inc. (ODFL) | Equity | +4.16% | 313,200 | 0.46% | $165.45 | $165.35 | $51,818,940 | $51,787,620 | -$31,320 | -0.06% |
| Otis Worldwide Corp. (OTIS) | Equity | 0% | 114,620 | 0.11% | $103.20 | $96.99 | $11,828,784 | $11,116,994 | -$711,790 | -6.02% |
| Paychex Inc. (PAYX) | Equity | 0% | 150,000 | 0.21% | $154.28 | $147.69 | $23,142,000 | $22,153,500 | -$988,500 | -4.27% |
| Pepsico Inc. (PEP) | Equity | 0% | 96,210 | 0.13% | $149.94 | $143.57 | $14,425,727 | $13,812,870 | -$612,857 | -4.25% |
| Philip Morris International Inc. (PM) | Equity | 0% | 114,500 | 0.16% | $158.73 | $161.48 | $18,174,585 | $18,489,460 | +$314,875 | +1.73% |
| T. Rowe Price Group Inc. (TROW) | Equity | 0% | 314,000 | 0.26% | $91.87 | $106.98 | $28,847,181 | $33,591,720 | +$4,744,539 | +16.45% |
| The Progressive Corp. (PGR) | Equity | 0% | 753,750 | 1.89% | $283.01 | $250.09 | $213,318,787 | $188,505,338 | -$24,813,450 | -11.63% |
| Rli Corp. (RLI) | Equity | +100% | 2,394,544 | 1.71% | $80.33 | $67.80 | $192,353,719 | $162,350,083 | -$30,003,636 | -15.60% |
| The Scotts Miracle-Gro Company (SMG) | Equity | 0% | 168,000 | 0.08% | $54.89 | $69.24 | $9,221,521 | $11,631,480 | +$2,409,959 | +26.13% |
| Tyson Foods Inc. (TSN) | Equity | 0% | 798,500 | 0.45% | $63.81 | $53.96 | $50,952,285 | $43,087,060 | -$7,865,225 | -15.44% |
| Uber Technologies Inc. (UBER) | Equity | +11.93% | 122,000 | 0.08% | $72.86 | $90.74 | $8,888,920 | $11,070,280 | +$2,181,360 | +24.54% |
| Union Pacific Corp. (UNP) | Equity | 0% | 85,778 | 0.18% | $236.24 | $225.11 | $20,264,195 | $19,309,057 | -$955,138 | -4.71% |
| United Rentals Inc. (URI) | Equity | +5.06% | 31,150 | 0.17% | $626.70 | $889.17 | $19,521,705 | $27,697,490 | +$8,175,785 | +41.88% |
| UnitedHealth Group Inc. (UNH) | Equity | +4.87% | 28,014 | 0.13% | $523.75 | $282.19 | $14,672,334 | $7,905,271 | -$6,767,063 | -46.12% |
| Verisk Analytics Inc. (VRSK) | Equity | 0% | 155,950 | 0.41% | $297.62 | $313.10 | $46,413,839 | $48,827,945 | +$2,414,106 | +5.20% |
| Visa Inc. (V) | Equity | 0% | 999,285 | 3.11% | $350.46 | $357.12 | $350,209,421 | $356,864,659 | +$6,655,238 | +1.90% |