| BRK.B Berkshire Hathaway Inc. Class B | 6.95% | 327,200 | $137.6M | Reduce -7.7% |
| GOOG Alphabet Inc. Class C | 5.83% | 758,100 | $115.4M | Reduce -11.9% |
| V Visa Inc. Class A | 5.13% | 364,200 | $101.6M | No change |
| MA Mastercard Inc. Class A | 4.94% | 203,350 | $97.9M | No change |
| META Meta Platforms Inc. Class A | 4.93% | 201,275 | $97.7M | Reduce -11.1% |
| DHR Danaher Corp. | 4.42% | 350,910 | $87.6M | Add +0.8% |
| CSGP Costar Group Inc. | 4.27% | 876,500 | $84.7M | No change |
| TMO Thermo Fisher Scientific Inc. | 3.67% | 125,200 | $72.8M | Add +0.1% |
| VMC Vulcan Materials Co. | 3.33% | 241,550 | $65.9M | Reduce -12.9% |
| KMX Carmax Inc. | 3.30% | 749,500 | $65.3M | No change |
| AMZN Amazon.com Inc. | 3.10% | 340,000 | $61.3M | Reduce -4.2% |
| LH Laboratory CRP of Amer Hldgs | 2.83% | 256,350 | $56.0M | Reduce -1.9% |
| AON Aon PLC Class A | 2.67% | 158,300 | $52.8M | Add +9.4% |
| LSXMK Liberty Media Corp.-Liber-New | 2.62% | 1,748,000 | $51.9M | Reduce -1.3% |
| CHTR Charter Communications Inc. Class A | 2.39% | 163,200 | $47.4M | Add +167.1% |
| ADI Analog Devices Inc. | 2.29% | 229,200 | $45.3M | No change |
| GPN Global Payments Inc. | 2.16% | 320,000 | $42.8M | Add +39.1% |
| EFX Equifax Inc. | 2.07% | 153,500 | $41.1M | No change |
| ROP Roper Technologies Inc. | 2.04% | 72,100 | $40.4M | No change |
| FIS Fidelity National Info Serv | 1.90% | 506,500 | $37.6M | Add +13.4% |
| ORCL Oracle Corp. | 1.81% | 285,500 | $35.9M | No change |
| LBRDK Liberty Broadband-C | 1.76% | 610,500 | $34.9M | Reduce -10.9% |
| CRM Salesforce Inc. | 1.67% | 110,000 | $33.1M | Reduce -12.0% |
| ACN Accenture PLC Class A | 1.64% | 94,000 | $32.6M | Reduce -3.1% |
| VLTO Veralto Corp. | 1.61% | 358,699 | $31.8M | No change |
| IT Gartner Inc. | 1.55% | 64,425 | $30.7M | Reduce -22.8% |
| TXN Texas Instruments Inc. | 1.50% | 170,101 | $29.6M | No change |
| SPGI S&P Global Inc. | 1.48% | 68,875 | $29.3M | Reduce -3.5% |
| HEI.A Heico Corp. Class A | 1.42% | 183,300 | $28.2M | No change |
| PRM Perimeter Solutions SA | 1.36% | 3,635,000 | $27.0M | No change |
| MLM Martin Marietta Materials | 1.26% | 40,675 | $25.0M | Reduce -17.5% |
| LBTYK Liberty Global Ltd. Class C | 1.25% | 1,406,500 | $24.8M | No change |
| MCHP Microchip Technology Inc. | 1.18% | 259,600 | $23.3M | No change |
| LKQ LKQ Corp. | 1.11% | 412,250 | $22.0M | No change |
| MSFT Microsoft Corp. | 0.93% | 43,800 | $18.4M | Reduce -23.8% |
| IEX Idex Corp. | 0.82% | 66,900 | $16.3M | No change |
| ADBE Adobe Inc. | 0.76% | 30,000 | $15.1M | No change |
| GWRE Guidewire Software Inc. | 0.72% | 122,100 | $14.3M | No change |
| VRSN Verisign Inc. | 0.70% | 73,300 | $13.9M | New |
| LLYVK Liberty Media Corp.-Liberty-C | 0.70% | 315,000 | $13.8M | No change |
| ACIW Aci Worldwide Inc. | 0.62% | 372,000 | $12.4M | No change |
| LSXMA Liberty Media Corp. Class A New | 0.46% | 310,000 | $9.2M | No change |
| REDWOOD TRUST INC (RWT 5.625 07/15/24) | 0.46% | 9,000,000 | $9.1M | No change |
| LBRDA Liberty Broadband-A | 0.40% | 140,000 | $8.0M | No change |
| LYV Live Nation Entertainment Inc. | 0.33% | 61,000 | $6.5M | No change |
| CCRD Corecard Corp. | 0.29% | 515,000 | $5.7M | Add +1.0% |
| DEO Diageo PLC-Sponsored ADR | 0.21% | 28,300 | $4.2M | Add +38.0% |
| JPM JPMorgan Chase & Co. | 0.21% | 20,500 | $4.1M | Reduce -12.8% |
| FTV Fortive Corp. | 0.18% | 40,800 | $3.5M | No change |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) filed as RWT HLDGS INC | 0.17% | 3,500,000 | $3.4M | No change |
| LLYVA Liberty Media Corp.-Liberty-A | 0.17% | 77,500 | $3.3M | No change |
| LIN Linde PLC | 0.16% | 6,900 | $3.2M | Reduce -85.9% |
| CMCSA Comcast Corp. Class A | 0.15% | 66,500 | $2.9M | Add +2.9% |
| HON Honeywell International Inc. | 0.12% | 11,300 | $2.3M | No change |