| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 4,470 | 2,235 | 0 | 2,235 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ANSYS INC | 312,331 | 544,500 |
| AAC HOLDINGS INC | 227,867 | 228,200 |
| ALPHABET INC | 361,952 | 387,576 |
| AMERICAN TOWER CORP CL A | 92,378 | 499,657 |
| ANADARKO PET CORP | 0 | 0 |
| APPLIED MINERALS INC | 42,850 | 14,400 |
| BIOGEN INC | 0 | 0 |
| BLACK BAUD INC | 306,915 | 407,400 |
| CARMAX INC | 402,184 | 343,210 |
| CELGENE CORP COM | 144,229 | 236,712 |
| CHIPOTLE MEXICAN GRILL | 0 | 0 |
| COSTAR GROUP INC | 61,195 | 278,792 |
| DISCOVER FINANCIAL SERV | 0 | 0 |
| ECOLAB INC | 183,823 | 355,800 |
| ENVESTNET INC | 243,911 | 249,825 |
| EXPEDITORS INTL WASH INC | 0 | 0 |
| FASTENAL COMPANY | 422,802 | 399,510 |
| FINL ENGINES INC | 200,477 | 181,090 |
| FREEPRT-MCMRAN CPR & GLD | 63,272 | 82,213 |
| ILLUMINA INC | 188,448 | 190,496 |
| IMAX CORP | 413,533 | 442,200 |
| INTUITIVE SURGICAL INC | 324,351 | 462,987 |
| LKQ CORP | 326,621 | 426,365 |
| LYNAS CORP LTD | 9,292 | 2,955 |
| MARKEL CORP COM | 142,603 | 285,834 |
| MASTERCARD INC | 250,864 | 242,165 |
| MCGRAW HILL FINANCIAL | 0 | 0 |
| MOODY'S CORP | 223,238 | 290,501 |
| POTASH CORP SASKATECHEWAN | 442,440 | 219,646 |
| PRA GROUP INC | 621,036 | 337,960 |
| QUALCOMM INC | 475,639 | 519,629 |
| QUALYS INC | 0 | 0 |
| RANGE RESOURCES CORP DEL | 0 | 0 |
| RED HAT INC | 267,472 | 399,300 |
| ROPER TECHNOLOGIES INC | 312,774 | 311,272 |
| S&P GLOBAL INC | 316,117 | 332,506 |
| SEI INVT CO | 153,761 | 360,825 |
| SIGNET JEWELERS LTD | 428,012 | 362,604 |
| SILVER WHEATON CORP | 117,850 | 352,950 |
| STERICYCLE INC COM | 253,548 | 299,345 |
| TANGOE INC | 0 | 0 |
| TRANSDIGM GROUP INC | 395,050 | 448,273 |
| TRIMBLE NAV LTD | 215,611 | 238,728 |
| TYLER TECHS INC | 275,585 | 337,254 |
| VERISK ANALYTICS INC. | 268,666 | 352,698 |
| WABTEC | 215,711 | 219,469 |
| WAGEWORKS INC | 318,259 | 469,508 |
| WASTE CONNECTIONS INC | 140,484 | 288,200 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK SERVICE CHARGES | 86 | 43 | 0 | 43 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX PAID | 3,070 | 3,070 | 0 | 0 |
| 2014 FEDERAL TAX | 14,867 | 0 | 0 | 0 |