Investor: Charles Richardson & Andy Headley
Number of Assets: 30
Reporting Period: Q3 - 2025
Holdings at Report: $9,360,322,001
Return Since Report: +$253,771,405
Return Since Report: +2.71%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alphabet Inc. (GOOGL) | Equity | -51.89% | 2,284,192 | 5.93% | $243.10 | $309.47 | $555,287,075 | $706,888,898 | +$151,601,823 | +27.30% |
| Amazon.com Inc. (AMZN) | Equity | -4.22% | 4,587,764 | 10.76% | $219.57 | $226.83 | $1,007,335,341 | $1,040,642,508 | +$33,307,167 | +3.31% |
| Aon PLC (AON) | Equity | +19.33% | 2,053,673 | 7.82% | $356.58 | $351.83 | $732,298,718 | $722,533,503 | -$9,765,215 | -1.33% |
| Becton Dickinson And Company (BDX) | Equity | +40.57% | 2,954,898 | 5.91% | $187.17 | $200.00 | $553,068,259 | $590,964,826 | +$37,896,567 | +6.85% |
| Bio-Rad Laboratories Inc. (BIO) | Equity | -2.21% | 844,039 | 2.53% | $280.39 | $307.47 | $236,660,095 | $259,516,671 | +$22,856,576 | +9.66% |
| Canadian Pacific Kansas City Limited (CP) | Equity | -2.92% | 9,717,646 | 7.73% | $74.49 | $75.32 | $723,867,451 | $731,933,097 | +$8,065,646 | +1.11% |
| Charter Communications Inc. (CHTR) | Equity | -2.89% | 1,544,527 | 4.54% | $275.10 | $207.50 | $424,907,100 | $320,481,630 | -$104,425,470 | -24.58% |
| Cognizant Technology Solutions Corp. (CTSH) | Equity | -32.27% | 78,090 | 0.06% | $67.07 | $83.18 | $5,237,496 | $6,495,526 | +$1,258,030 | +24.02% |
| Elevance Health Inc. (ELV) | Equity | -1.15% | 902,900 | 3.12% | $323.12 | $360.56 | $291,745,048 | $325,549,624 | +$33,804,576 | +11.59% |
| Full Truck Alliance Co. Ltd. (YMM) | Equity | 0% | 111,136 | 0.02% | $12.97 | $11.72 | $1,441,434 | $1,302,514 | -$138,920 | -9.64% |
| Futu Holdings Limited (FUTU) | Equity | +40.92% | 420,857 | 0.78% | $173.91 | $170.51 | $73,191,241 | $71,760,327 | -$1,430,914 | -1.96% |
| HDFC Bank Limited (HDB) | Equity | +65.00% | 224,364 | 0.08% | $34.16 | $35.88 | $7,664,274 | $8,049,059 | +$384,784 | +5.02% |
| Hilton Worldwide Holdings Inc. (HLT) | Equity | -94.73% | 34,159 | 0.09% | $259.44 | $280.77 | $8,862,211 | $9,590,822 | +$728,611 | +8.22% |
| Hyatt Hotels Corp. (H) | Equity | +100% | 204,801 | 0.31% | $141.93 | $162.21 | $29,067,406 | $33,220,770 | +$4,153,364 | +14.29% |
| Intercontinental Exchange Inc. (ICE) | Equity | -4.90% | 2,054,294 | 3.70% | $168.48 | $163.78 | $346,107,453 | $336,452,271 | -$9,655,182 | -2.79% |
| Mastercard Inc. (MA) | Equity | -4.45% | 664,248 | 4.04% | $568.81 | $571.42 | $377,830,905 | $379,561,271 | +$1,730,366 | +0.46% |
| Medtronic PLC (MDT) | Equity | 0% | 181,007 | 0.18% | $95.24 | $99.35 | $17,239,107 | $17,982,140 | +$743,033 | +4.31% |
| Microsoft Corp. (MSFT) | Equity | -27.50% | 2,181,829 | 12.07% | $517.95 | $478.84 | $1,130,078,331 | $1,044,746,998 | -$85,331,333 | -7.55% |
| MSC Industrial Direct Co. Inc. (MSM) | Equity | 0% | 94,539 | 0.09% | $92.14 | $85.98 | $8,710,823 | $8,127,991 | -$582,832 | -6.69% |
| Netease Inc. (NTES) | Equity | -21.08% | 43,463 | 0.07% | $151.99 | $138.92 | $6,605,941 | $6,037,880 | -$568,061 | -8.60% |
| PDD Holdings Inc. (PDD) | Equity | 0% | 22,506 | 0.03% | $132.17 | $111.78 | $2,974,618 | $2,515,608 | -$459,010 | -15.43% |
| Philip Morris International Inc. (PM) | Equity | -7.39% | 67,036 | 0.12% | $162.20 | $152.73 | $10,873,239 | $10,238,073 | -$635,166 | -5.84% |
| Salesforce Inc. (CRM) | Equity | +47.28% | 3,039,568 | 7.70% | $237.00 | $261.97 | $720,377,616 | $796,275,629 | +$75,898,013 | +10.54% |
| The Charles Schwab Corp. (SCHW) | Equity | -33.06% | 1,488,189 | 1.52% | $95.47 | $95.70 | $142,077,404 | $142,419,687 | +$342,283 | +0.24% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | 0% | 9,960 | 0.03% | $279.29 | $294.28 | $2,781,728 | $2,931,029 | +$149,301 | +5.37% |
| Tal Education Group (TAL) | Equity | 0% | 40,746 | 0.00% | $11.20 | $11.42 | $456,355 | $465,116 | +$8,761 | +1.92% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | -3.59% | 1,218,105 | 6.31% | $485.02 | $571.69 | $590,805,287 | $696,378,447 | +$105,573,160 | +17.87% |
| UnitedHealth Group Inc. (UNH) | Equity | -14.64% | 2,652,995 | 9.79% | $345.30 | $340.39 | $916,079,174 | $903,052,968 | -$13,026,206 | -1.42% |
| Waters Corp. (WAT) | Equity | +100% | 584,770 | 1.87% | $299.81 | $386.45 | $175,319,894 | $225,984,367 | +$50,664,473 | +28.90% |
| Zoetis Inc. (ZTS) | Equity | -2.17% | 1,786,297 | 2.79% | $146.32 | $118.68 | $261,370,977 | $211,994,155 | -$49,376,822 | -18.89% |