| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 5,360 | 2,680 | 0 | 2,680 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| U.S. TREASURY BILLS | 1,981,957 | 1,998,060 |
| ANSYS INC | 156,591 | 553,014 |
| AAC HOLDINGS INC | 438,098 | 68,800 |
| ALPHABET INC | 156,612 | 270,228 |
| AMERICAN TOWER CORP CL A | 53,533 | 520,939 |
| BLACKLINE INC | 504,304 | 856,160 |
| BROOKS AUTOMATION INC | 415,203 | 581,250 |
| CARMAX INC | 209,595 | 347,320 |
| CORE LAB N.V. | 888,648 | 627,360 |
| COSTAR GROUP INC | 56,167 | 416,653 |
| ECOLAB INC | 364,067 | 691,040 |
| EDWARDS LIFESCIENCES CORP | 319,356 | 600,405 |
| FASTENAL COMPANY | 300,436 | 456,260 |
| GENESEE & WYOM | 580,247 | 800,000 |
| ILLUMINA INC | 336,388 | 665,247 |
| INTUITIVE SURGICAL INC | 137,681 | 422,263 |
| JPMORGAN CHASE & CO | 604,226 | 614,900 |
| MARKEL CORP COM | 393,319 | 599,280 |
| MASTERCARD INC | 250,864 | 727,457 |
| MOHAWK INDUSTRIES INC | 386,185 | 412,916 |
| MOODY'S CORP | 149,728 | 410,151 |
| NUTRIEN LTD | 740,021 | 694,980 |
| OKTA INC REG SHS CL A | 155,662 | 370,530 |
| PROS HLDGS INC | 148,299 | 417,516 |
| QUALYS INC COM | 221,869 | 261,240 |
| ROPER TECHNOLOGIES INC | 226,964 | 494,451 |
| S&P GLOBAL INC | 178,322 | 404,327 |
| TELEFLEX INC | 374,305 | 496,725 |
| THREE D SYSTEMS | 430,126 | 386,750 |
| TRIMBLE NAV LTD | 266,233 | 360,880 |
| TYLER TECHS INC | 331,376 | 518,016 |
| VERISK ANALYTICS INC. | 324,297 | 673,716 |
| VULCAN MATERIALS CO | 377,239 | 480,585 |
| WABTEC | 602,617 | 609,960 |
| WASTE CONNECTIONS INC | 318,978 | 670,207 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK SERVICE CHARGES | 85 | 42 | 0 | 43 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX PAID | 5,490 | 5,490 | 0 | 0 |
| 2017 FEDERAL TAX | 24,000 | 0 | 0 | 0 |