Investor: William Von Mueffling
Number of Assets: 37
Reporting Period: Q4 - 2025
Holdings at Report: $18,493,573,387
Return Since Report: -$1,352,606,063
Return Since Report: -7.31%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Adobe Inc. (ADBE) | Equity | +15.69% | 1,157,237 | 2.19% | $349.99 | $243.40 | $405,021,378 | $281,671,486 | -$123,349,892 | -30.46% |
| Agilent Technologies Inc. (A) | Equity | +0.76% | 3,115,638 | 2.29% | $136.07 | $114.23 | $423,944,862 | $355,899,329 | -$68,045,533 | -16.05% |
| Alcon Inc. (ALC) | Equity | +0.77% | 2,845,121 | 1.21% | $78.81 | $75.40 | $224,223,986 | $214,522,123 | -$9,701,863 | -4.33% |
| Alphabet Inc. (GOOGL) | Equity | +0.76% | 4,215,234 | 7.13% | $313.00 | $287.22 | $1,319,368,242 | $1,210,699,509 | -$108,668,733 | -8.24% |
| American Tower Corp. (AMT) | Equity | +0.81% | 1,830,525 | 1.74% | $175.57 | $172.59 | $321,385,274 | $315,930,310 | -$5,454,964 | -1.70% |
| Analog Devices Inc. (ADI) | Equity | +0.76% | 2,168,792 | 3.18% | $271.20 | $317.95 | $588,176,391 | $689,567,416 | +$101,391,025 | +17.24% |
| Aon PLC (AON) | Equity | +0.75% | 1,243,018 | 2.37% | $352.88 | $322.58 | $438,636,192 | $400,972,746 | -$37,663,446 | -8.59% |
| Applied Materials Inc. (AMAT) | Equity | +0.76% | 2,973,661 | 4.13% | $256.99 | $341.79 | $764,201,140 | $1,016,367,593 | +$252,166,453 | +33.00% |
| Blackrock Inc. (BLK) | Equity | +0.75% | 514,252 | 2.98% | $1,070.34 | $961.69 | $550,424,485 | $494,551,006 | -$55,873,479 | -10.15% |
| Broadcom Inc. (AVGO) | Equity | -2.03% | 4,604,301 | 8.62% | $346.10 | $309.45 | $1,593,548,576 | $1,424,777,923 | -$168,770,653 | -10.59% |
| Canadian Pacific Kansas City Limited (CP) | Equity | +0.81% | 4,207,858 | 1.68% | $73.63 | $78.58 | $309,824,585 | $330,653,482 | +$20,828,897 | +6.72% |
| CBRE Group Inc. (CBRE) | Equity | +0.76% | 4,460,586 | 3.88% | $160.79 | $135.45 | $717,217,622 | $604,186,374 | -$113,031,248 | -15.76% |
| CME Group Inc. (CME) | Equity | +0.76% | 1,573,017 | 2.32% | $273.08 | $295.45 | $429,559,482 | $464,747,873 | +$35,188,391 | +8.19% |
| Entegris Inc. (ENTG) | Equity | +0.80% | 2,459,153 | 1.12% | $84.25 | $117.35 | $207,183,641 | $288,581,605 | +$81,397,964 | +39.29% |
| Equifax Inc. (EFX) | Equity | +0.76% | 1,723,998 | 2.02% | $216.98 | $180.04 | $374,073,086 | $310,388,600 | -$63,684,486 | -17.02% |
| Fastenal Company (FAST) | Equity | +0.76% | 9,266,888 | 2.01% | $40.13 | $46.38 | $371,880,216 | $429,751,931 | +$57,871,715 | +15.56% |
| Ferguson Enterprises Inc. (FERG) | Equity | +0.76% | 1,984,854 | 2.39% | $222.63 | $234.10 | $441,888,046 | $464,644,397 | +$22,756,351 | +5.15% |
| Flutter Entertainment PLC (FLUT) | Equity | +0.75% | 2,264,025 | 2.63% | $215.04 | $102.32 | $486,855,936 | $231,655,038 | -$255,200,898 | -52.42% |
| Interactive Brokers Group Inc. (IBKR) | Equity | +0.76% | 12,759,904 | 4.44% | $64.31 | $67.07 | $820,589,426 | $855,806,761 | +$35,217,335 | +4.29% |
| Intercontinental Exchange Inc. (ICE) | Equity | +0.76% | 3,337,982 | 2.92% | $161.96 | $157.32 | $540,619,565 | $525,131,328 | -$15,488,237 | -2.86% |
| Iqvia Holdings Inc. (IQV) | Equity | +0.74% | 1,941,144 | 2.37% | $225.41 | $169.92 | $437,553,269 | $329,837,247 | -$107,716,022 | -24.62% |
| Formula One Group (FWONK) | Equity | +46.37% | 1,706,899 | 0.91% | $98.51 | $85.02 | $168,146,621 | $145,120,553 | -$23,026,068 | -13.69% |
| Live Nation Entertainment Inc. (LYV) | Equity | +0.77% | 2,797,205 | 2.16% | $142.50 | $154.83 | $398,601,713 | $433,091,250 | +$34,489,537 | +8.65% |
| Lpl Financial Holdings Inc. (LPLA) | Equity | +100% | 369,068 | 0.71% | $357.17 | $302.28 | $131,820,017 | $111,561,875 | -$20,258,142 | -15.37% |
| Microsoft Corp. (MSFT) | Equity | +0.76% | 1,262,019 | 3.30% | $483.62 | $370.17 | $610,337,629 | $467,161,573 | -$143,176,056 | -23.46% |
| Moody's Corp. (MCO) | Equity | +0.77% | 445,400 | 1.23% | $510.85 | $438.19 | $227,532,590 | $195,169,826 | -$32,362,764 | -14.22% |
| Oracle Corp. (ORCL) | Equity | +0.75% | 860,677 | 0.91% | $194.91 | $146.96 | $167,754,554 | $126,480,789 | -$41,273,765 | -24.60% |
| S&P Global Inc. (SPGI) | Equity | +0.76% | 1,755,624 | 4.96% | $522.59 | $426.27 | $917,471,546 | $748,369,842 | -$169,101,704 | -18.43% |
| SS&C Technologies Holdings Inc. (SSNC) | Equity | +0.76% | 4,258,493 | 2.01% | $87.42 | $67.76 | $372,277,458 | $288,555,486 | -$83,721,972 | -22.49% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | +0.76% | 2,829,278 | 4.65% | $303.89 | $337.70 | $859,789,292 | $955,447,181 | +$95,657,889 | +11.13% |
| Tencent Music Entertainment Group (TME) | Equity | +1.39% | 18,708,502 | 1.77% | $17.53 | $9.36 | $327,960,040 | $175,018,036 | -$152,942,004 | -46.63% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +0.76% | 873,322 | 2.74% | $579.45 | $492.01 | $506,046,433 | $429,678,791 | -$76,367,642 | -15.09% |
| Tradeweb Markets Inc. (TW) | Equity | +38.98% | 2,688,245 | 1.56% | $107.54 | $117.38 | $289,093,867 | $315,532,757 | +$26,438,890 | +9.15% |
| Trip.Com Group Limited (TCOM) | Equity | +1.38% | 4,669,778 | 1.82% | $71.91 | $49.81 | $335,803,736 | $232,578,293 | -$103,225,443 | -30.74% |
| Uber Technologies Inc. (UBER) | Equity | +0.76% | 5,140,663 | 2.27% | $81.71 | $71.89 | $420,043,574 | $369,562,263 | -$50,481,311 | -12.02% |
| Visa Inc. (V) | Equity | +0.76% | 1,949,488 | 3.70% | $350.71 | $301.42 | $683,704,937 | $587,604,926 | -$96,100,011 | -14.06% |
| Yum! Brands Inc. (YUM) | Equity | +0.77% | 2,055,883 | 1.68% | $151.28 | $155.50 | $311,013,980 | $319,689,807 | +$8,675,826 | +2.79% |