| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEE | 2,500 | 2,500 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 0258M0EB1 AMERICAN EXPRESS CRE | ||
| 46625HJT8 JPMORGAN CHASE & CO | 5,059 | 5,416 |
| 594918BB9 MICROSOFT CORP | 4,001 | 4,286 |
| 437076BL5 HOME DEPOT INC | ||
| 539830BF5 LOCKHEED MARTIN CORP | ||
| 842587CS4 SOUTHERN CO | ||
| 92343VBR4 VERIZON COMMUNICATIO | ||
| 00206RCN0 AT&T INC | 4,888 | 5,447 |
| 035242AP1 ANHEUSER-BUSCH INBEV | 1,998 | 2,193 |
| 172967JP7 CITIGROUP INC | 4,916 | 5,438 |
| 61761JVL0 MORGAN STANLEY | 3,025 | 3,273 |
| 94974BGA2 WELLS FARGO & COMPAN | 4,920 | 5,391 |
| 037833CG3 APPLE INC | 5,008 | 5,306 |
| 29379VAP8 ENTERPRISE PRODUCTS | ||
| 38143U8H7 GOLDMAN SACHS GROUP | 4,055 | 4,427 |
| 68389XBC8 ORACLE CORP | 1,919 | 2,138 |
| 92826CAD4 VISA INC | 2,001 | 2,189 |
| 82481LAB5 SHIRE ACQ INV IRELAN |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 713448108 PEPSICO INC | 9,833 | 15,853 |
| 718172109 PHILIP MORRIS INTERN | 9,269 | 16,155 |
| 00287Y109 ABBVIE INC | 4,533 | 8,786 |
| 594918104 MICROSOFT CORP COM | 25,479 | 128,136 |
| 771195104 ROCHE HLDG LTD SPONS | 6,127 | 8,740 |
| 31620R303 FIDELITY NATIONAL FI | 3,936 | 4,433 |
| 461202103 INTUIT INC | 13,376 | 21,567 |
| 882508104 TEXAS INSTRUMENTS IN | 5,135 | 28,076 |
| 44267D107 THE HOWARD HUGHES CO | 4,253 | 3,996 |
| 531229870 LIBERTY MEDIA CORP D | 276 | 341 |
| 67103H107 O'REILLY AUTOMOTIVE | 5,371 | 13,023 |
| 743315103 PROGRESSIVE CORP/THE | 13,876 | 18,856 |
| 776696106 ROPER TECHNOLOGIES I | 6,613 | 10,344 |
| 893641100 TRANSDIGM GROUP INC | 9,132 | 20,713 |
| 929160109 VULCAN MATERIALS CO | 7,921 | 11,837 |
| 031162100 AMGEN INC | 35,021 | 48,750 |
| 458140100 INTEL CORPORATION | 11,908 | 25,263 |
| H1467J104 CHUBB LTD | 5,293 | 7,311 |
| N07059210 ASML HLDG NV NY REG | 3,422 | 23,489 |
| 02209S103 ALTRIA GROUP INC | 4,190 | 7,676 |
| 053015103 AUTOMATIC DATA PROCE | 787 | 3,575 |
| 20030N101 COMCAST CORP | 12,719 | 19,102 |
| 641069406 NESTLE S A SPONSORED | 6,298 | 13,222 |
| 09215C105 BLACK KNIGHT HOLDCO | 7,266 | 10,761 |
| 217204106 COPART INC | 5,227 | 14,238 |
| 33616C100 FIRST REPUBLIC BANK/ | 2,305 | 4,305 |
| 36164V305 GCI LIBERTY INC REG | ||
| 366651107 GARTNER INC NEW CL A | 4,342 | 7,266 |
| 526057104 LENNAR CORP | 4,918 | 8,743 |
| 530307305 LIBERTY BROADBAND CO | 7,263 | 12,504 |
| 531229607 LIBERTY MEDIA CORP D | ||
| 717081103 PFIZER INC | 40,243 | 49,537 |
| 166764100 CHEVRONTEXACO CORP | 9,590 | 12,464 |
| 29444U700 EQUINIX INC | ||
| 595017104 MICROCHIP TECHNOLOGY | 4,608 | 7,936 |
| 78410G104 SBA COMMUNICATIONS C | 7,998 | 14,342 |
| 824348106 SHERWIN-WILLIAMS CO/ | 5,020 | 8,991 |
| 91879Q109 VAIL RESORTS INC | 6,306 | 8,230 |
| 92345Y106 VERISK ANALYTICS INC | 6,221 | 11,706 |
| G47567105 IHS MARKIT LTD SHS | 8,342 | 12,956 |
| 531229854 LIBERTY MEDIA CORP D | 3,270 | 4,435 |
| 55261F104 M&T BANK CORP | ||
| 615369105 MOODY S CORP | 2,003 | 5,073 |
| 778296103 ROSS STORES INC | 2,162 | 3,100 |
| 78409V104 S&P GLOBAL INC | 11,491 | 21,754 |
| 89400J107 TRANSUNION | 4,057 | 7,028 |
| 92343E102 VERISIGN INC | 5,266 | 9,335 |
| 17275R102 CISCO SYSTEMS INC | 15,593 | 37,100 |
| 68389X105 ORACLE CORP | 20,282 | 50,596 |
| 92343V104 VERIZON COMMUNICATIO | 33,870 | 37,820 |
| 037833100 APPLE INC | 26,028 | 110,116 |
| 670100205 NOVO NORDISK A/S ADR | 4,387 | 14,157 |
| 592688105 METTLER-TOLEDO INTL | 4,744 | 9,697 |
| 002824100 ABBOTT LABORATORIES | 12,770 | 23,186 |
| 009158106 AIR PRODUCTS & CHEMI | 12,643 | 21,288 |
| 02079K107 ALPHABET INC SHS | 16,644 | 52,633 |
| 13645T100 CANADIAN PACIFIC RAI | 3,051 | 9,614 |
| 580135101 MC DONALDS CORPORATI | 6,562 | 12,704 |
| 907818108 UNION PACIFIC CORP | 7,502 | 16,495 |
| 112585104 BROOKFIELD ASSET MAN | 12,429 | 22,431 |
| 115236101 BROWN & BROWN INC | 3,194 | 6,536 |
| 12504L109 CBRE GROUP INC | 3,829 | 7,801 |
| 143130102 CARMAX INC | 9,052 | 16,402 |
| 55354G100 MSCI INC | 1,477 | 5,331 |
| 570535104 MARKEL CORPORATION H | 9,716 | 10,680 |
| 573284106 MARTIN MARIETTA MATE | 2,984 | 5,629 |
| 620076307 MOTOROLA SOLUTIONS I | ||
| 046353108 ASTRAZENECA PLC SPON | 21,427 | 40,133 |
| 09247X101 BLACKROCK INC | 8,288 | 27,124 |
| 518439104 ESTEE LAUDER COS INC | 2,076 | 14,950 |
| 115637209 BROWN-FORMAN CORP | 1,235 | 1,948 |
| 194014106 COLFAX CORP | 1,339 | 1,741 |
| 256677105 DOLLAR GENERAL CORP | 3,226 | 4,544 |
| 311900104 FASTENAL CO | 4,152 | 6,916 |
| 531229409 LIBERTY MEDIA CORP D | ||
| 191216100 COCA-COLA CO/THE | 38,092 | 52,487 |
| 254687106 WALT DISNEY CO/THE | 19,595 | 36,033 |
| 46625H100 J P MORGAN CHASE & C | 29,946 | 62,994 |
| 92826C839 VISA INC | 8,721 | 23,148 |
| G0450A105 ARCH CAP GROUP LTD | 5,223 | 6,776 |
| 03662Q105 ANSYS INC | 3,929 | 7,982 |
| 052769106 AUTODESK INC COM | 6,805 | 13,427 |
| 43300A203 HILTON WORLDWIDE HOL | 8,332 | 12,424 |
| 530307107 LIBERTY BROADBAND CO | 1,785 | 3,195 |
| 76131D103 RESTAURANT BRANDS IN | 5,819 | 5,993 |
| 30303M102 FACEBOOK INC | 21,944 | 54,243 |
| 45866F104 INTERCONTINENTAL EXC | 8,926 | 15,431 |
| 46120E602 INTUITIVE SURGICAL I | 9,034 | 27,589 |
| 654106103 NIKE INC CL B | 5,009 | 13,595 |
| 91324P102 UNITEDHEALTH GROUP I | 14,791 | 28,832 |
| 57636Q104 MASTERCARD INC | 9,143 | 15,334 |
| 25754A201 DOMINO S PIZZA INC | 4,791 | 7,930 |
| 448579102 HYATT HOTELS CORP | 3,143 | 3,261 |
| 40171V100 GUIDEWIRE SOFTWARE I | 7,576 | 8,229 |
| 422806208 HEICO CORP | 4,857 | 6,954 |
| M98068105 WIX COM LTD | 4,449 | 11,901 |
| 75606N109 REALPAGE INC | ||
| 929042109 VORNADO REALTY TRUST | ||
| 192422103 COGNEX CORP | 451 | 841 |
| 489398107 KENNEDY-WILSON HOLDI | 1,803 | 2,027 |
| 11133T103 BROADRIDGE FINL | 6,703 | 8,723 |
| 48251W104 KKR & CO INC | 7,979 | 17,357 |
| 86614U100 SUMMIT MATLS INC | 1,601 | 2,997 |
| 023135106 AMAZON COM INC | 32,258 | 55,043 |
| 45168D104 IDEXX LABS INC | 2,477 | 7,579 |
| G5960L103 MEDTRONIC PLC SHS | 22,049 | 31,033 |
| 83088V102 SLACK TECHNOLOGIES I | ||
| 11282X103 BROOKFIELD PROPERTY | ||
| 369550108 GENERAL DYNAMICS COR | 37,433 | 42,359 |
| G0403H108 AON PLC REG SHS | 1,717 | 2,865 |
| 11275Q107 BROOKFIELD | 4,427 | 7,389 |
| 574795100 MASIMO CORP | 5,119 | 5,576 |
| 225310101 CREDIT ACCEP CORP MI | 5,621 | 6,812 |
| 538034109 LIVE NATION INC | 4,848 | 7,971 |
| 438516106 HONEYWELL INTERNATIO | 22,767 | 41,677 |
| 68902V107 OTIS WORLDWIDE CORP | 2,672 | 5,233 |
| 00724F101 ADOBE SYS INC COM | 12,259 | 16,984 |
| 75513E101 RAYTHEON TECHNOLOGIE | 29,588 | 39,754 |
| 22160N109 COSTAR GROUP INC | 14,085 | 15,736 |
| 902252105 TYLER TECHNOLOGIES I | 8,745 | 9,952 |
| 852234103 SQUARE INC SHS | 811 | 3,169 |
| 291011104 EMERSON ELECTRIC CO | 27,200 | 43,308 |
| 80105N105 SANOFI-SYNTHELABO | 36,657 | 38,179 |
| G16169107 BROOKFIELD ASSET MGM | 156 | |
| 494368103 KIMBERLY-CLARK CORP | 38,829 | 36,790 |
| 742718109 PROCTER & GAMBLE CO/ | 19,577 | 20,240 |
| 11284V105 BROOKFIELD RENEWABLE | 3,105 | 2,684 |
| 00846U101 AGILENT TECHNOLOGIES | 1,832 | 2,217 |
| 437076102 HOME DEPOT INC/THE | 26,109 | 31,889 |
| 571903202 MARRIOTT INTERNATION | 7,789 | 7,236 |
| 03990B101 ARES MGMT CORP REG S | 1,206 | 1,463 |
| 98978V103 ZOETIS INC | 7,698 | 8,945 |
| 31428X106 FEDEX CORP | 18,252 | 22,375 |
| 13765N107 CANNAE HOLDINGS INC | 1,109 | 1,017 |
| L8681T102 SPOTIFY TECH S.A. RE | 34,805 | 34,449 |
| 109194100 BRIGHT HORIZONS FAMI | 2,578 | 2,648 |
| 747601201 QUALTRICS INTERNATIO | 361 | 306 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 78462F103 SPDR S&P 500 ETF TRU | AT COST | 25,825 | 42,806 |
| 40168W483 GUGGENHEIM LIMITED D | AT COST | 65,727 | 67,858 |
| 922908769 VANGUARD TOTAL STOCK | AT COST | 28,334 | 44,564 |
| 746704501 PUTNAM DIVERSIFIED I | AT COST | 150,002 | 143,035 |
| 78464A805 SPDR PORTFOLIO TOTAL | AT COST | 19,896 | 22,512 |
| Description | Amount |
|---|---|
| TIMING DIFFERENCE | 11,900 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE FILING FEE | 35 | 0 | 35 | |
| INVESTMENT EXPENSES-DIVIDEND I | 6 | 6 | 0 | |
| OTHER EXPENSE (NON-DEDUCTIBLE | 99 | 0 | 99 | |
| OTHER CHARITABLE EXPENSES | 2,102 | 0 | 2,102 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER INCOME | 61 | 61 | |
| FEDERAL TAX REFUND | 527 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMNT MNGMNT FEES (NON-DED | 35,346 | 21,207 | 14,138 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 747 | 747 | 0 |