| GOOG Alphabet Inc. Class C | 13.32% | 3,931,197 | $1.2B | Reduce -15.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 12.12% | 1,488 | $1.1B | Reduce -3.4% |
| MA Mastercard Inc. Class A | 9.77% | 1,585,999 | $905.4M | Reduce -2.1% |
| CFRHF Cie Financiere Richemo-A Reg | 8.21% | 3,502,105 | $760.5M | Reduce -2.8% |
| PM Philip Morris International | 8.13% | 4,697,508 | $753.5M | Add +0.8% |
| HKHHF Heineken Holding NV | 7.28% | 9,200,276 | $674.2M | Reduce -0.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.11% | 1,125,395 | $565.7M | Reduce -3.1% |
| NSRGY Nestle SA-Spons ADR | 5.99% | 5,617,162 | $554.9M | Reduce -2.8% |
| NFLX Netflix Inc. | 5.07% | 5,004,765 | $469.2M | Reduce -2.7% |
| MLM Martin Marietta Materials | 4.88% | 726,612 | $452.4M | Add +5.7% |
| UBER Uber Technologies Inc. | 4.54% | 5,145,060 | $420.4M | Add +9.2% |
| ASHTF Ashtead Group PLC | 4.51% | 6,111,758 | $418.1M | Add +9.6% |
| PDRDF Pernod Ricard SA | 2.37% | 2,553,880 | $219.3M | Reduce -5.4% |
| DASH DoorDash Inc. Class A | 2.27% | 930,467 | $210.7M | Add +0.4% |
| JPM JPMorgan Chase & Co. | 1.84% | 528,817 | $170.4M | Reduce -3.0% |
| CMCSA Comcast Corp. Class A | 0.74% | 2,300,197 | $68.8M | Reduce -6.0% |
| BF.A Brown-Forman Corp. Class A | 0.47% | 1,668,094 | $43.9M | Reduce -2.9% |
| V Visa Inc. Class A | 0.41% | 108,818 | $38.2M | Reduce -11.0% |
| XOM Exxon Mobil Corp. | 0.25% | 193,033 | $23.2M | Add +0.7% |
| BF.B Brown-Forman Corp. Class B | 0.20% | 708,179 | $18.5M | Reduce -7.5% |
| BUDFF Anheuser-Busch Inbev SA | 0.18% | 265,525 | $17.1M | Reduce -5.9% |
| MKL Markel Group Inc. | 0.15% | 6,279 | $13.5M | Reduce -17.9% |
| CR Crane Co. | 0.11% | 54,401 | $10.0M | Reduce -3.7% |
| MO Altria Group Inc. | 0.10% | 164,772 | $9.5M | Reduce -0.6% |
| UNP Union Pacific Corp. | 0.06% | 24,984 | $5.8M | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 0.05% | 14,916 | $4.7M | Reduce -3.7% |
| AXP American Express Co. | 0.05% | 12,160 | $4.5M | Reduce -10.8% |
| COST Costco Wholesale Corp. | 0.04% | 4,624 | $4.0M | No change |
| DOV Dover Corp. | 0.04% | 19,526 | $3.8M | Reduce -0.1% |
| CABJF Carlsberg As-B | 0.03% | 23,091 | $3.0M | Add +91.5% |
| ABBV Abbvie Inc. | 0.03% | 12,410 | $2.8M | No change |
| DGEAF Diageo PLC | 0.03% | 129,805 | $2.8M | New |
| MKC McCormick & Co.-Non VTG SHRS | 0.03% | 40,666 | $2.8M | Reduce -2.2% |
| VMC Vulcan Materials Co. | 0.02% | 7,912 | $2.3M | Reduce -20.1% |
| COCXF Chocoladefabriken Lindt-Reg filed as Lindt & Spruengli AG - Reg | 0.02% | 15 | $2.2M | No change |
| KNCRF Konecranes Oyj | 0.02% | 18,450 | $2.0M | No change |
| SSPPF SSP Group PLC | 0.02% | 660,000 | $1.8M | No change |
| MSFT Microsoft Corp. | 0.02% | 3,705 | $1.8M | Add +5.7% |
| PG The Procter & Gamble Co. | 0.02% | 11,951 | $1.7M | Add +9.4% |
| FLUIF Fluidra SA | 0.02% | 59,000 | $1.6M | Add +11.3% |
| LRLCF L'oreal | 0.02% | 3,705 | $1.6M | Reduce -8.5% |
| DVDCF Davide Campari-Milano NV | 0.02% | 242,103 | $1.6M | Add +15.1% |
| DELHF De'longhi SPA | 0.02% | 35,250 | $1.5M | No change |
| ABT Abbott Laboratories | 0.02% | 11,510 | $1.4M | No change |
| WRBY Warby Parker Inc. Class A | 0.02% | 65,000 | $1.4M | Add +6.6% |
| ECTXF Electrolux Professional AB-B | 0.02% | 200,000 | $1.4M | No change |
| PEP Pepsico Inc. | 0.02% | 9,794 | $1.4M | Reduce -10.6% |
| H Hyatt Hotels Corp. Class A | 0.01% | 8,675 | $1.4M | No change |
| WILLF Demant A/S | 0.01% | 41,000 | $1.4M | No change |
| FLMNF Fielmann Group AG | 0.01% | 25,700 | $1.3M | Add +2.8% |
| HMRZF Hennes & Mauritz AB-B SHS filed as H&M | 0.01% | 64,000 | $1.3M | No change |
| AAPL Apple Inc. | 0.01% | 4,674 | $1.3M | Reduce -0.5% |
| AKBLF Alk-Abello A/S | 0.01% | 35,000 | $1.3M | New |
| HINKF Heineken NV | 0.01% | 15,131 | $1.2M | No change |
| PUIGF Puig Brands SA-B | 0.01% | 68,000 | $1.2M | No change |
| KMROF Kalmar Oyj-B Share | 0.01% | 24,000 | $1.1M | Add +20.0% |
| WMT Walmart Inc. | 0.01% | 10,165 | $1.1M | No change |
| NSRGF Nestle SA-Reg | 0.01% | 11,130 | $1.1M | Reduce -0.4% |
| JBTM JBT Marel Corp. | 0.01% | 7,250 | $1.1M | No change |
| LTSSF Lotus Bakeries | 0.01% | 115 | $1.1M | No change |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.01% | 24,000 | $1.1M | No change |
| FULT Fulton Financial Corp. | 0.01% | 54,100 | $1.0M | Reduce -16.3% |
| LEVI Levi Strauss & Co. Class A | 0.01% | 47,725 | $990K | No change |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.01% | 6,450 | $957K | No change |
| KO The Coca-Cola Co. | 0.01% | 13,640 | $954K | No change |
| SWZ Total Return Securities Fund | 0.01% | 146,284 | $910K | Reduce -66.3% |
| ZLDSF Zalando SE | 0.01% | 28,000 | $833K | No change |
| PNC PNC Financial Services Group | 0.01% | 3,750 | $783K | No change |
| RTLLF Rational AG | 0.01% | 975 | $757K | No change |
| LAMR Lamar Advertising Co. Class A | 0.01% | 5,974 | $756K | No change |
| WFC Wells Fargo & Co. | 0.01% | 7,964 | $742K | Reduce -21.5% |
| ORCL Oracle Corp. | 0.01% | 3,475 | $677K | No change |
| FBLA FB Bancorp Inc. | 0.01% | 50,000 | $643K | No change |
| HRL Hormel Foods Corp. | 0.01% | 19,835 | $470K | No change |
| LTGIF LT Group Inc. | 0.00% | 1,775,000 | $446K | No change |
| CVX Chevron Corp. | 0.00% | 2,670 | $407K | No change |
| OUT Outfront Media Inc. | 0.00% | 15,677 | $378K | Reduce -0.1% |
| CAT Caterpillar Inc. | 0.00% | 550 | $315K | Reduce -21.4% |
| GNRC Generac Holdings Inc. | 0.00% | 2,250 | $307K | No change |
| UNM Unum Group | 0.00% | 3,800 | $295K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.00% | 2,510 | $286K | No change |
| MCD McDonald's Corp. | 0.00% | 905 | $277K | Add +28.4% |
| AMZN Amazon.com Inc. | 0.00% | 1,040 | $240K | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.00% | 750 | $222K | New |
| PHJMF HM Sampoerna TBK PT filed as Hanjaya Mandala Sampoerna | 0.00% | 5,000,000 | $217K | No change |
| CFDZF Cofide SPA | 0.00% | 251,250 | $207K | No change |
| JNJ Johnson & Johnson | 0.00% | 976 | $202K | New |