Investor: Charles Richardson & Andy Headley
Number of Assets: 27
Reporting Period: Q4 - 2025
Holdings at Report: $9,772,914,109
Return Since Report: -$1,284,659,217
Return Since Report: -13.15%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alphabet Inc. (GOOGL) | Equity | -19.59% | 1,836,779 | 5.88% | $313.00 | $287.22 | $574,911,827 | $527,559,664 | -$47,352,163 | -8.24% |
| Amazon.com Inc. (AMZN) | Equity | -4.62% | 4,375,845 | 10.34% | $230.82 | $208.30 | $1,010,032,543 | $911,488,514 | -$98,544,029 | -9.76% |
| Aon PLC (AON) | Equity | -2.98% | 1,992,453 | 7.19% | $352.88 | $322.58 | $703,096,815 | $642,725,489 | -$60,371,326 | -8.59% |
| Becton Dickinson And Company (BDX) | Equity | -2.72% | 2,874,579 | 5.71% | $194.07 | $157.00 | $557,869,547 | $451,308,903 | -$106,560,644 | -19.10% |
| Bio-Rad Laboratories Inc. (BIO) | Equity | -35.63% | 543,335 | 1.68% | $302.99 | $270.38 | $164,625,072 | $146,906,917 | -$17,718,155 | -10.76% |
| Canadian Pacific Kansas City Limited (CP) | Equity | -3.84% | 9,344,449 | 7.04% | $73.63 | $78.58 | $688,031,780 | $734,286,802 | +$46,255,022 | +6.72% |
| Charter Communications Inc. (CHTR) | Equity | -1.51% | 1,521,130 | 3.25% | $208.75 | $219.43 | $317,535,888 | $333,781,556 | +$16,245,668 | +5.12% |
| Cognizant Technology Solutions Corp. (CTSH) | Equity | 0% | 78,090 | 0.07% | $83.00 | $61.36 | $6,481,470 | $4,791,212 | -$1,690,258 | -26.08% |
| Elevance Health Inc. (ELV) | Equity | -3.20% | 873,993 | 3.13% | $350.55 | $293.11 | $306,378,246 | $256,176,088 | -$50,202,158 | -16.39% |
| HDFC Bank Limited (HDB) | Equity | 0% | 224,364 | 0.08% | $36.54 | $24.81 | $8,198,261 | $5,565,349 | -$2,632,912 | -32.12% |
| Hyatt Hotels Corp. (H) | Equity | +827.93% | 1,900,417 | 3.12% | $160.32 | $143.79 | $304,674,853 | $273,260,960 | -$31,413,893 | -10.31% |
| Intercontinental Exchange Inc. (ICE) | Equity | +39.59% | 2,867,517 | 4.75% | $161.96 | $157.32 | $464,423,053 | $451,117,774 | -$13,305,279 | -2.86% |
| Mastercard Inc. (MA) | Equity | +18.61% | 787,850 | 4.60% | $570.88 | $499.72 | $449,767,808 | $393,704,402 | -$56,063,406 | -12.46% |
| Medtronic PLC (MDT) | Equity | 0% | 181,007 | 0.18% | $96.06 | $86.70 | $17,387,532 | $15,693,307 | -$1,694,225 | -9.74% |
| Microsoft Corp. (MSFT) | Equity | -4.39% | 2,085,994 | 10.32% | $483.62 | $370.17 | $1,008,828,418 | $772,172,399 | -$236,656,019 | -23.46% |
| MSC Industrial Direct Co. Inc. (MSM) | Equity | 0% | 94,539 | 0.08% | $84.10 | $92.53 | $7,950,730 | $8,747,221 | +$796,491 | +10.02% |
| Netease Inc. (NTES) | Equity | -24.17% | 32,957 | 0.05% | $137.62 | $111.76 | $4,535,542 | $3,683,274 | -$852,268 | -18.79% |
| PDD Holdings Inc. (PDD) | Equity | 0% | 22,506 | 0.03% | $113.39 | $102.18 | $2,551,955 | $2,299,663 | -$252,292 | -9.89% |
| Philip Morris International Inc. (PM) | Equity | 0% | 67,036 | 0.11% | $160.40 | $165.49 | $10,752,574 | $11,093,788 | +$341,214 | +3.17% |
| Salesforce Inc. (CRM) | Equity | -2.45% | 2,965,053 | 8.04% | $264.91 | $186.39 | $785,472,190 | $552,659,194 | -$232,812,996 | -29.64% |
| Sea Limited (SE) | Equity | +100% | 22,860 | 0.03% | $127.57 | $82.54 | $2,916,250 | $1,886,864 | -$1,029,386 | -35.30% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -45.49% | 5,429 | 0.02% | $303.89 | $337.70 | $1,649,819 | $1,833,373 | +$183,554 | +11.13% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | -6.92% | 1,133,869 | 6.72% | $579.45 | $492.01 | $657,020,392 | $557,869,217 | -$99,151,175 | -15.09% |
| Transdigm Group Inc. (TDG) | Equity | +100% | 141,842 | 1.93% | $1,329.85 | $1,159.06 | $188,628,584 | $164,403,389 | -$24,225,195 | -12.84% |
| UnitedHealth Group Inc. (UNH) | Equity | -4.54% | 2,532,631 | 8.55% | $330.11 | $270.78 | $836,046,819 | $685,785,822 | -$150,260,997 | -17.97% |
| Waters Corp. (WAT) | Equity | +112.26% | 1,241,206 | 4.82% | $379.83 | $297.54 | $471,447,275 | $369,308,433 | -$102,138,842 | -21.66% |
| Zoetis Inc. (ZTS) | Equity | -1.36% | 1,762,032 | 2.27% | $125.82 | $118.13 | $221,698,866 | $208,145,316 | -$13,553,550 | -6.11% |