Investor: George Fraise & Gordon March&
Number of Assets: 56
Reported Holdings: $17,928,284,678
Reporting Period: Q1 - 2025
Return Since Report: +$1,088,309,688
Return Since Report: +6.07%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alcon Inc. (ALC) | Equity | -16.52% | 3,153,785 | 1.67% | $94.93 | $85.43 | $299,388,810 | $269,427,853 | -$29,960,957 | -10.01% |
| Alibaba Group Holding Limited (BABA) | Equity | +100% | 35,692 | 0.03% | $132.23 | $114.97 | $4,719,553 | $4,103,509 | -$616,044 | -13.05% |
| Alphabet Inc. (GOOGL) | Equity | -6.61% | 11,971 | 0.01% | $154.64 | $166.18 | $1,851,195 | $1,989,341 | +$138,146 | +7.46% |
| Alphabet Inc. (GOOG) | Equity | -2.72% | 2,801,414 | 2.44% | $156.23 | $167.71 | $437,664,909 | $469,825,142 | +$32,160,233 | +7.35% |
| Amazon.com Inc. (AMZN) | Equity | +6.15% | 6,573,828 | 6.98% | $190.26 | $205.71 | $1,250,736,515 | $1,352,302,158 | +$101,565,643 | +8.12% |
| American Express Company (AXP) | Equity | -17.63% | 827,494 | 1.24% | $269.05 | $297.39 | $222,637,261 | $246,088,441 | +$23,451,180 | +10.53% |
| Aon PLC (AON) | Equity | -29.63% | 1,592,962 | 3.55% | $399.09 | $374.48 | $635,735,205 | $596,532,410 | -$39,202,795 | -6.17% |
| Apple Inc. (AAPL) | Equity | -6.22% | 2,385,330 | 2.96% | $222.13 | $203.27 | $529,853,353 | $484,866,029 | -$44,987,324 | -8.49% |
| Atlassian Corp. (TEAM) | Equity | -87.63% | 50,223 | 0.06% | $212.21 | $210.89 | $10,657,822 | $10,591,528 | -$66,294 | -0.62% |
| Autodesk Inc. (ADSK) | Equity | -62.37% | 730,597 | 1.07% | $261.80 | $299.52 | $191,270,295 | $218,828,413 | +$27,558,118 | +14.41% |
| Canadian Pacific Kansas City Limited (CP) | Equity | -4.91% | 8,363,710 | 3.28% | $70.21 | $82.21 | $587,216,079 | $687,580,599 | +$100,364,520 | +17.09% |
| Danaher Corp. (DHR) | Equity | -21.94% | 2,522,956 | 2.88% | $205.00 | $192.06 | $517,205,980 | $484,558,929 | -$32,647,051 | -6.31% |
| Ecolab Inc. (ECL) | Equity | -44.11% | 709,141 | 1.00% | $253.52 | $265.42 | $179,781,426 | $188,220,204 | +$8,438,778 | +4.69% |
| Grab Holdings Limited (GRAB) | Equity | +100% | 1,361,124 | 0.03% | $4.53 | $4.99 | $6,165,892 | $6,792,009 | +$626,117 | +10.15% |
| HDFC Bank Limited (HDB) | Equity | -4.56% | 7,803,497 | 2.89% | $66.44 | $74.86 | $518,464,341 | $584,169,785 | +$65,705,444 | +12.67% |
| AIA Group Limited (AAGIY) | Equity | 0% | 192,895 | 0.03% | $30.25 | $34.19 | $5,835,074 | $6,595,080 | +$760,006 | +13.02% |
| Arm Holdings PLC (ARM) | Equity | +100% | 1,594,594 | 0.95% | $106.79 | $128.78 | $170,286,693 | $205,351,815 | +$35,065,122 | +20.59% |
| Experian PLC (EXPGY) | Equity | +102.96% | 155,671 | 0.04% | $46.40 | $49.80 | $7,223,134 | $7,752,416 | +$529,282 | +7.33% |
| Fomento Económico Mexicano S.A.B. De C.V. (FMX) | Equity | -7.54% | 270,487 | 0.15% | $97.58 | $105.58 | $26,394,122 | $28,558,017 | +$2,163,895 | +8.20% |
| Gartner Inc. (IT) | Equity | +26.32% | 676,325 | 1.58% | $419.74 | $432.23 | $283,880,656 | $292,327,955 | +$8,447,299 | +2.98% |
| Icon Public Limited Company (ICLR) | Equity | -5.14% | 1,511,838 | 1.48% | $174.99 | $133.76 | $264,556,531 | $202,223,451 | -$62,333,080 | -23.56% |
| Lvmh Moët Hennessy - Louis Vuitton Société Européenne (LVMUY) | Equity | +36.07% | 55,380 | 0.04% | $123.87 | $107.94 | $6,859,921 | $5,977,717 | -$882,204 | -12.86% |
| Linde PLC (LIN) | Equity | -10.28% | 30,663 | 0.08% | $465.64 | $471.82 | $14,277,919 | $14,467,417 | +$189,498 | +1.33% |
| MSCI Inc. (MSCI) | Equity | -99.85% | 1,410 | 0.00% | $565.50 | $566.41 | $797,355 | $798,638 | +$1,283 | +0.16% |
| Infosys Limited (INFY) | Equity | +50.17% | 14,877,543 | 1.51% | $18.25 | $18.24 | $271,515,160 | $271,366,384 | -$148,776 | -0.05% |
| Intuit Inc. (INTU) | Equity | +1.08% | 1,444,779 | 4.95% | $613.99 | $764.66 | $887,079,858 | $1,104,764,710 | +$217,684,852 | +24.54% |
| Novo Nordisk As (NVO) | Equity | +3.79% | 5,543,246 | 2.15% | $69.44 | $70.91 | $384,923,002 | $393,071,574 | +$8,148,572 | +2.12% |
| Nvidia Corp. (NVDA) | Equity | +38.83% | 7,136,607 | 4.31% | $108.38 | $141.22 | $773,465,467 | $1,007,831,641 | +$234,366,174 | +30.30% |
| S&P Global Inc. (SPGI) | Equity | -5.84% | 1,535,939 | 4.35% | $508.10 | $512.30 | $780,410,606 | $786,861,550 | +$6,450,944 | +0.83% |
| Shopify Inc. (SHOP) | Equity | +7.78% | 115,085 | 0.06% | $95.48 | $105.11 | $10,988,316 | $12,096,584 | +$1,108,268 | +10.09% |
| Starbucks Corp. (SBUX) | Equity | -7.87% | 1,928,154 | 1.05% | $98.09 | $86.60 | $189,132,626 | $166,978,136 | -$22,154,490 | -11.71% |
| Tencent Music Entertainment Group (TME) | Equity | +41.55% | 591,536 | 0.05% | $14.41 | $17.38 | $8,524,034 | $10,280,896 | +$1,756,862 | +20.61% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | -11.26% | 632,040 | 1.75% | $497.60 | $399.93 | $314,503,104 | $252,771,757 | -$61,731,347 | -19.63% |
| Universal Music Gro Unsp Adr | Equity | +4.30% | 634,244 | 0.05% | $13.72 | $0.00 | $8,701,828 | $0 | -$8,701,828 | -100% |
| Workday Inc. (WDAY) | Equity | -30.06% | 1,858,544 | 2.42% | $233.53 | $251.12 | $434,025,781 | $466,717,569 | +$32,691,788 | +7.53% |
| Ishares Core S&P 500 ETF (IVV) | Equity | -4.09% | 845 | 0.00% | $561.90 | $598.93 | $474,806 | $506,096 | +$31,290 | +6.59% |
| Mercadolibre Inc. (MELI) | Equity | +9.23% | 151,317 | 1.65% | $1,950.87 | $2,602.26 | $295,199,796 | $393,766,176 | +$98,566,380 | +33.39% |
| Meta Platforms Inc. (META) | Equity | +23.14% | 1,539,292 | 4.95% | $576.36 | $666.85 | $887,186,337 | $1,026,476,870 | +$139,290,533 | +15.70% |
| Microsoft Corp. (MSFT) | Equity | -0.44% | 3,096,725 | 6.48% | $375.39 | $462.97 | $1,162,479,597 | $1,433,690,773 | +$271,211,176 | +23.33% |
| Netflix Inc. (NFLX) | Equity | -5.35% | 222,016 | 1.15% | $932.53 | $1,217.94 | $207,036,580 | $270,402,167 | +$63,365,587 | +30.61% |
| Sap Se (SAP) | Equity | -6.87% | 65,334 | 0.10% | $268.44 | $306.39 | $17,538,259 | $20,017,684 | +$2,479,425 | +14.14% |
| Salesforce Inc. (CRM) | Equity | +37.85% | 1,627,118 | 2.44% | $268.36 | $264.47 | $436,653,387 | $430,323,897 | -$6,329,490 | -1.45% |
| Servicenow Inc. (NOW) | Equity | +96.68% | 723,457 | 3.21% | $796.14 | $1,010.88 | $575,973,056 | $731,328,212 | +$155,355,156 | +26.97% |
| The Sherwin-Williams Company (SHW) | Equity | -4.43% | 583 | 0.00% | $349.19 | $357.76 | $203,578 | $208,574 | +$4,996 | +2.45% |
| Steris PLC (STE) | Equity | -4.86% | 1,316,062 | 1.66% | $226.65 | $243.33 | $298,285,452 | $320,237,366 | +$21,951,914 | +7.36% |
| Synopsys Inc. (SNPS) | Equity | +2.41% | 1,575,732 | 3.77% | $428.85 | $466.26 | $675,752,668 | $734,700,802 | +$58,948,134 | +8.72% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | +116.84% | 554,775 | 0.51% | $166.00 | $197.61 | $92,092,650 | $109,629,088 | +$17,536,438 | +19.04% |
| Unilever PLC (UL) | Equity | -0.00% | 166,554 | 0.06% | $59.55 | $62.71 | $9,918,291 | $10,444,601 | +$526,310 | +5.31% |
| UnitedHealth Group Inc. (UNH) | Equity | -1.24% | 1,637,999 | 4.79% | $523.75 | $301.22 | $857,901,976 | $493,398,059 | -$364,503,917 | -42.49% |
| Vanguard Growth Index Fund ETF Shares (VUG) | Equity | +12.40% | 952 | 0.00% | $370.82 | $419.19 | $353,021 | $399,069 | +$46,048 | +13.04% |
| Visa Inc. (V) | Equity | -7.31% | 3,289,651 | 6.43% | $350.46 | $365.86 | $1,152,891,090 | $1,203,551,715 | +$50,660,625 | +4.39% |
| Waste Connections Inc. (WCN) | Equity | +38.77% | 92,889 | 0.10% | $195.19 | $193.30 | $18,131,004 | $17,955,444 | -$175,560 | -0.97% |
| Waste Management Inc. (WM) | Equity | -7.29% | 1,863,378 | 2.41% | $231.51 | $240.19 | $431,390,641 | $447,564,762 | +$16,174,121 | +3.75% |
| XP Inc. (XP) | Equity | +13.78% | 671,993 | 0.05% | $13.75 | $19.32 | $9,239,904 | $12,982,905 | +$3,743,001 | +40.51% |
| Yum! Brands Inc. (YUM) | Equity | -36.65% | 3,534,254 | 3.10% | $157.36 | $143.97 | $556,150,209 | $508,826,548 | -$47,323,661 | -8.51% |
| Ishares Russell 1000 Growth ETF (IWF) | Equity | -0.33% | 18,562 | 0.04% | $361.09 | $404.80 | $6,702,553 | $7,513,898 | +$811,345 | +12.11% |