Holdings as of 06-30-2025
| Ticker | Company/ETF | Total Shares | Total Value ($) | CUSIP | Class | Put/Call |
|---|---|---|---|---|---|---|
| MA | MASTERCARD INC | 3,295,286 | $1,851,753,015 | 57636Q104 | COMMON STOCK | |
| BN | BROOKFIELD CORP | 19,219,290 | $1,188,713,075 | 11271J107 | COMMON STOCK | |
| KKR | KKR & CO INC | 8,847,564 | $1,176,991,380 | 48251W104 | COMMON STOCK | |
| MCO | MOODY'S CORP | 2,305,424 | $1,156,377,624 | 615369105 | COMMON STOCK | |
| V | VISA INC | 3,175,240 | $1,127,368,962 | 92826C839 | COMMON STOCK | |
| ORLY | O'REILLY AUTOMOTIVE INC | 9,410,714 | $848,187,653 | 67103H107 | COMMON STOCK | |
| ROP | ROPER TECHNOLOGIES INC | 1,439,468 | $815,948,041 | 776696106 | COMMON STOCK | |
| CSGP | COSTAR GROUP INC | 9,309,232 | $748,462,253 | 22160N109 | COMMON STOCK | |
| ABNB | AIRBNB INC-CLASS A | 3,473,243 | $459,648,979 | 009066101 | COMMON STOCK | |
| DHR | DANAHER CORP | 1,775,400 | $350,712,516 | 235851102 | COMMON STOCK | |
| AMT | AMERICAN TOWER CORP | 915,249 | $202,288,334 | 03027X100 | COMMON STOCK | |
| CCCS | CCC INTELLIGENT SOLUTIONS HO | 14,770,128 | $138,986,904 | 12510Q100 | COMMON STOCK | |
| CPRT | COPART INC | 1,200,000 | $58,884,000 | 217204106 | COMMON STOCK | |
| GSHD | GOOSEHEAD INSURANCE INC -A | 366,125 | $38,629,849 | 38267D109 | COMMON STOCK | |
| FICO | FAIR ISAAC CORP | 9,148 | $16,722,178 | 303250104 | COMMON STOCK | |
| SOPH | SOPHIA GENETICS SA | 3,719,140 | $11,529,334 | H82027105 | COMMON STOCK | |
| KMX | CARMAX INC | 150,600 | $10,121,826 | 143130102 | COMMON STOCK | |
| BRK.B | BERKSHIRE HATHAWAY INC-CL B | 13,985 | $6,793,493 | 084670702 | COMMON STOCK | |
| VRSK | VERISK ANALYTICS INC | 8,639 | $2,691,048 | 92345Y106 | COMMON STOCK |