| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION SERVICES | 2,500 | 0 | 0 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ZIMMER BIOMET HLDGS INC | 0 | 0 |
| ROPER TECHNOLOGIES INC | 75,031 | 76,593 |
| MCCORMICK & CO INC | 73,838 | 77,645 |
| LOCAL INITIATIVES SUPPORT CORP | 50,013 | 49,867 |
| US TREASURY U 2023 | 102,065 | 104,656 |
| US TREASURY U 2025 | 99,931 | 104,500 |
| SUN INITIATIVE | 25,000 | 25,000 |
| SUNWEALTH LOAN COMPANY 5 LLC | 25,000 | 25,000 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BBH LIMITED DURATION FUND | 267,889 | 269,471 |
| BBH INCOME FUND | 247,000 | 264,714 |
| AKRE FOCUS FUND | 75,297 | 185,991 |
| BOOKING HOLDINGS INC | 7,330 | 8,909 |
| BRIGHT HORIZONS FAMILY SOLUT | 0 | 0 |
| DOLLAR GENERAL CORP | 4,738 | 9,884 |
| COLGATE PALMOLIVE CO | 8,458 | 11,116 |
| COSTCO WHOLESALE CORP | 4,668 | 8,289 |
| DIAGEO PLC | 4,866 | 13,658 |
| NESTLE | 2,823 | 8,835 |
| UNILEVER | 0 | 0 |
| BERKSHIRE HATHAWAY INC CL B | 9,181 | 26,433 |
| ARTHUR J GALLAGHER & CO | 14,500 | 19,794 |
| US BANCORP | 0 | 0 |
| NOVARTIS AG | 0 | 0 |
| HENRY SCHEIN INC | 4,882 | 11,701 |
| ZOETIS INC | 3,769 | 21,515 |
| PERRIGO CO | 12,413 | 6,082 |
| ALCON INC | 12,016 | 16,363 |
| COPART INC | 8,228 | 20,996 |
| AO SMITH CORP | 10,418 | 12,335 |
| WASTE MANAGEMENT INC | 1,767 | 7,783 |
| ALLEGION PLC | 7,755 | 11,056 |
| FLEETCOR TECHNOLOGIES INC | 6,652 | 15,551 |
| KLA CORP | 3,913 | 10,356 |
| MASTERCARD INC | 14,894 | 20,703 |
| ORACLE CORP | 9,210 | 15,914 |
| CELANESE CORP | 3,818 | 12,344 |
| LINDE PLC | 13,284 | 20,554 |
| ALPHABET INC CL C | 4,988 | 29,782 |
| COMCAST CORP | 2,328 | 12,052 |
| CLARKSTON PRTNRS FUND | 92,559 | 137,907 |
| LONGLEAF PRTNRS SMALL CAP FD | 0 | 0 |
| BBH PRTNR FD INTNTL EQUITY | 177,166 | 282,861 |
| GQG PART EMERG MKTS EQ | 49,802 | 72,271 |
| KERRY GROUP PLC | 46,381 | 54,371 |
| NOVOZYMES | 15,391 | 56,500 |
| KONINKLIJKE | 44,130 | 68,910 |
| TOMRA SYSTEMS | 11,592 | 74,400 |
| BILLERUDKORSNAS | 34,850 | 44,454 |
| ABBOTT LABORATORIES | 33,950 | 41,059 |
| ALPHABET INC CL A | 21,306 | 70,106 |
| AMAZONCOM INC | 18,632 | 32,569 |
| ANALOG DEVICES INC | 37,611 | 51,706 |
| APPLE INC | 2,998 | 79,614 |
| APTARGROUP INC | 15,131 | 68,445 |
| BECTON DICKINSON & CO | 32,733 | 31,278 |
| CVS HEALTH CORPORATION | 0 | 0 |
| CANADIAN NATL RY CO | 31,426 | 41,194 |
| DANAHER CORPORATION | 21,924 | 70,418 |
| DISNEY WALT CO | 38,396 | 67,943 |
| ENVISTA HLDGS CORP | 0 | 0 |
| FACEBOOK INC CL A | 0 | 0 |
| FISERV INC | 0 | 0 |
| ILLUMINA INC | 7,709 | 55,500 |
| MASTERCARD INC | 10,642 | 53,541 |
| MICROSOFT CORP | 26,568 | 38,924 |
| NESTLE | 15,159 | 53,077 |
| NEW YORK TIMES CO | 33,066 | 62,124 |
| NIKE INC CL B | 28,388 | 70,735 |
| NOVO NORDISK | 30,779 | 41,910 |
| NVIDIA CORP | 5,387 | 78,330 |
| ORMAT TECHNOLOGIES INC | 32,733 | 45,140 |
| PAYPAL HLDGS INC | 14,286 | 81,970 |
| PROCTER & GAMBLE CO | 20,373 | 55,656 |
| ROCKWELL AUTOMATION INC | 22,881 | 62,703 |
| STRYKER CORP | 29,875 | 55,134 |
| TELADOC HEALTH INC | 10,338 | 59,988 |
| UNILEVER PLC | 12,040 | 12,072 |
| WASTE MANAGEMENT INC | 16,725 | 41,276 |
| XILINX INC | 33,789 | 81,518 |
| XYLEM INC | 13,087 | 43,261 |
| HALMA | 38,987 | 46,867 |
| MEDTRONIC PLC | 57,897 | 58,570 |
| AMPHENOL CORP | 13,238 | 22,885 |
| CARRIER GLOBAL CORP | 32,120 | 56,580 |
| FIRST REPUBLIC BANK | 54,228 | 58,772 |
| T MOBILE US INC | 39,887 | 47,198 |
| AMAZONCOM INC | 15,573 | 16,285 |
| NIKE INC | 8,066 | 14,147 |
| STARBUCKS CORP | 9,101 | 10,056 |
| PROGRESSIVE CORP | 9,184 | 12,360 |
| BAXTER INTL INC | 11,209 | 11,635 |
| THERMO FISHER SCIENTIFIC INC | 6,342 | 6,987 |
| GRACO INC | 4,230 | 4,341 |
| VISA INC | 8,296 | 9,187 |
| CLARKSTON FOUNDERS FUND | 44,499 | 46,046 |
| BOSTON PROPERTIES INC | 41,668 | 47,265 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 698 | 0 | 0 | 0 |
| ADMINISTRATIVE EXPENSE | 7,500 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 24,279 | 24,279 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES | 3,000 | 0 | 0 | 0 |
| ANNUAL REPORT | 33 | 0 | 0 | 0 |
| FOREIGN TAXES | 2,003 | 2,003 | 0 | 0 |