| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMERICAN TOWER CORP-CLASS A | 29,628 | 56,134 |
| ANSYS, INC. | 27,445 | 71,873 |
| AOL, INC. | 0 | 0 |
| CELGENE CORP | 6,071 | 24,551 |
| CHONCHO RESOURCES, INC. | 0 | 0 |
| CORE LABORATORIES N V-USD | 0 | 0 |
| COSTAR GROUP, INC. | 8,882 | 33,690 |
| DEALERTRACK HOLDINGS, INC. | 0 | 0 |
| DISCOVER FINANCIAL SERVICES | 61,993 | 60,537 |
| ECOLAB, INC. | 32,365 | 70,115 |
| EXAMWORKS GROUP INC | 34,644 | 33,303 |
| EXPONENT INC | 9,623 | 19,680 |
| FASTENAL CO | 6,094 | 18,859 |
| HEALTH CARE SERVICES GROUP, INC. | 10,687 | 27,129 |
| INTEL CORP | 33,595 | 25,838 |
| LKQ CORP | 44,077 | 88,386 |
| MAGNA ENTERTAINMENT CL A | 37,665 | 0 |
| MARKEL CORP | 13,953 | 42,401 |
| MOODYS CORP | 53,948 | 72,345 |
| QUALCOMM, INC. | 0 | 0 |
| RED HAT INC | 44,096 | 72,459 |
| ROPER INDUSTRIES, INC. | 24,546 | 77,624 |
| SEI INVESTMENTS CO | 23,011 | 62,880 |
| SIGNET JEWELERS | 26,965 | 45,765 |
| STERICYCLE, INC. | 32,439 | 58,009 |
| TIME WARNER, INC., FORMERLY AOL | 3,973 | 2,134 |
| TIME WARNER CABLE, INC. | 1,410 | 1,485 |
| 3-D SYSTEMS CORPORATION NEW | 0 | 0 |
| TRIMBLE NAVIGATION LTD | 15,756 | 33,097 |
| TYLER TECHNOLOGIES, INC. | 6,881 | 30,506 |
| VERISK ANALYTICS | 43,990 | 54,354 |
| VISA, INC.COM CL A | 22,510 | 112,448 |
| WAGEWORKS INC | 32,837 | 44,190 |
| WASTE CONNECTIONS | 20,009 | 32,666 |
| BIO-TECHNE CORP | 11,119 | 11,070 |
| BIOGEN IDEC | 30,794 | 28,491 |
| BLACKBAUD INC | 19,273 | 28,978 |
| CARMAX INC | 65,118 | 70,701 |
| CHIPOLTE | 17,449 | 15,355 |
| IMAX CORP | 41,403 | 48,334 |
| INTUITIVE SURGICAL | 37,673 | 49,701 |
| STRATASYS LTD | 0 | 0 |
| TANGOE INC | 0 | 0 |
| TIME, INC. | 163 | 63 |
| ALPHABET, INC. CL C (GOOGLE, INC.) | 34,342 | 43,256 |
| BANK OF AMERICA CORP | 10,432 | 15,349 |
| EVESTNET, INC. | 31,142 | 28,507 |
| MASTERCARD, INC. CL A | 36,589 | 39,431 |
| MCGRAW HILL FINANCIAL, INC. CL A | 54,041 | 51,755 |
| PRA GROUP, INC. | 60,114 | 36,425 |
| TRANSDIGM GROUP, INC. | 44,222 | 45,690 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 1,587 | 1,587 | 1,587 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| UNSETTLED SALES | 5,111 | 16,497 | 16,497 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MANAGEMENT FEES | 13,128 | 13,128 | 13,128 | 0 |
| OTHER | 59 | 59 | 59 | 0 |
| Description | Amount |
|---|---|
| TRANSFER OF ASSETS FROM CORCKRAN FAMILY CHARITABLE FOUNDATION | 571,728 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 18 | 18 | 18 | 0 |
| EXCISE TAXES | 2,977 | 2,977 | 2,977 | 0 |