| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 3,400 | 2,550 | 850 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| GOLDMAN SACHS GROUP INC | 54,969 | 54,969 |
| CAPITAL ONE FINANCIAL CORP | 60,988 | 60,988 |
| TEXAS INSTRUMENTS INC | 41,738 | 41,738 |
| VISA INC | 29,653 | 29,653 |
| EXXON MOBIL CORPORATION | 51,182 | 51,182 |
| SCHWAB CHARLES CORP | 15,308 | 15,308 |
| VERIZON COMMUNICATIONS INC | 52,382 | 52,382 |
| HOME DEPOT INC | 51,959 | 51,959 |
| CISCO SYSTEMS INC | 53,307 | 53,307 |
| BOSTON PROPERTIES LP | 51,966 | 51,966 |
| ABBVIE INC SR GLBL NT 26 | 52,456 | 52,456 |
| DISCOVER FINL SVCS | 51,065 | 51,065 |
| MCDONALDS CORP | 60,595 | 60,595 |
| INTEL CORP | 8,632 | 8,632 |
| CITIGROUP INC | 51,414 | 51,414 |
| APPLE INC | 59,633 | 59,633 |
| INTERCONTINENTALEXCHANGE | 44,348 | 44,348 |
| BANK AMER CORP | 53,003 | 53,003 |
| AT&T INC | 50,010 | 50,010 |
| JPMORGAN CHASE & CO | 36,560 | 36,560 |
| FIFTH THIRD BANCORP | 60,991 | 60,991 |
| VALERO ENERGY CORP NEW | 46,055 | 46,055 |
| TRUIST FINANCIAL | 62,828 | 62,828 |
| MORGAN STANLEY | 52,068 | 52,068 |
| WELLS FARGO & CO | 59,135 | 59,135 |
| KEYCORP | 47,138 | 47,138 |
| PAYPAL HOLDINGS INC | 40,223 | 40,223 |
| HUNTINGTON NATIONAL BANK | 45,735 | 45,735 |
| DISNEY WALT CO | 43,102 | 43,102 |
| MASTERCARD INC | 47,652 | 47,652 |
| NIKE INC | 43,718 | 43,718 |
| ZOETIS INC | 48,201 | 48,201 |
| FISERV INC | 46,835 | 46,835 |
| REGIONS FINANCIAL CORP | 49,670 | 49,670 |
| DOW CHEMICAL CO | 46,700 | 46,700 |
| BERKSHIRE HATHAWAY FIN | 44,696 | 44,696 |
| DUKE ENERGY CORP | 16,198 | 16,198 |
| JPMORGAN CHASE & CO | 26,392 | 26,392 |
| STATE STR CORP | 53,632 | 53,632 |
| ELI LILLY & CO | 35,527 | 35,527 |
| ENN ENERGY HOLDINGS LTD | 9,145 | 9,145 |
| EXPERIAN PLC | 11,175 | 11,175 |
| GRUPO FINANCIERO BANORTE | 11,890 | 11,890 |
| ICICI BANK LTD | 17,737 | 17,737 |
| ITAU UNIBANCO BANCO HOLDINGS | 12,807 | 12,807 |
| LI NING COMPANY LIMITED | 7,893 | 7,893 |
| P T TELEKOMUNIKASI | 6,235 | 6,235 |
| PIRAEUS FINANCIAL HOLDINGS | 15,681 | 15,681 |
| PT BANK MANDIRI PERSERO TBK | 10,596 | 10,596 |
| TAIWAN SEMICONDUCTOR MFG CO | 48,780 | 48,780 |
| TENCENT HOLDINGS LIMITED | 27,807 | 27,807 |
| ABB LTD | 17,814 | 17,814 |
| ADIDAS AG | 12,628 | 12,628 |
| AIA GROUP LTD | 11,654 | 11,654 |
| AIR LIQUIDE-ADR | 15,079 | 15,079 |
| AON PLC | 22,627 | 22,627 |
| ASM INTERNATIONAL | 6,944 | 6,944 |
| ASML HOLDING N V | 11,782 | 11,782 |
| BUREAU VERITAS SA | 17,196 | 17,196 |
| CAPGEMINI SE | 15,983 | 15,983 |
| CHUBB LTD | 10,223 | 10,223 |
| COMPAGNIE FINANCIERE | 10,667 | 10,667 |
| COMPASS GROUP PLC | 21,370 | 21,370 |
| CONTINENTAL AG | 4,799 | 4,799 |
| CRH PUBLIC LIMITED COMPANY | 6,846 | 6,846 |
| CRODA INTL PLC ORD | 7,843 | 7,843 |
| DBS GROUP HOLDINGS LTD | 13,204 | 13,204 |
| DIPLOMA PLC | 6,600 | 6,600 |
| DISCO CORP | 6,253 | 6,253 |
| ENGIE | 14,713 | 14,713 |
| EPIROC AKTIEBOLAG | 9,271 | 9,271 |
| FANUC CORPORATION | 13,124 | 13,124 |
| GALAXY ENTMT GROUP LTD | 9,112 | 9,112 |
| GILDAN ACTIVEWEAR INC | 13,315 | 13,315 |
| HENKEL AG AND CO KGAA | 9,056 | 9,056 |
| HEXAGON AB | 4,855 | 4,855 |
| HOYA CORP | 12,734 | 12,734 |
| ICON PLC | 10,905 | 10,905 |
| IMCD GROUP NV | 12,630 | 12,630 |
| ING GROEP NV | 9,324 | 9,324 |
| JAMES HARDIE INDUSTRIES PLC | 8,658 | 8,658 |
| KBC GROUP NB | 13,816 | 13,816 |
| LONDON STK EXCHANGE GROUP | 13,003 | 13,003 |
| MERCK KGAA | 9,793 | 9,793 |
| MITSUI FUDOSAN CO LTD | 7,346 | 7,346 |
| MIZUHO FINANCIAL GROUP INC | 15,829 | 15,829 |
| MTU AERO ENGINES AG | 20,839 | 20,839 |
| NITORI HOLDINGS CO LTD | 12,474 | 12,474 |
| NOMURA RESH INST LTD | 10,998 | 10,998 |
| NOVO NORDISK A/S-ADR | 20,989 | 20,989 |
| PERNOD RICARD S A | 8,872 | 8,872 |
| PUMA SE | 7,350 | 7,350 |
| RECRUIT HOLDINGS CO LTD | 10,850 | 10,850 |
| RELX PLC | 29,796 | 29,796 |
| RENESAS ELECTRONICS CORP | 7,195 | 7,195 |
| ROCHE HOLDING LTD | 12,969 | 12,969 |
| RYANAIR HLDGS PLC | 15,562 | 15,562 |
| SAMPO OYJ | 12,335 | 12,335 |
| SAP SE | 13,542 | 13,542 |
| SHIN ETSU CHEMICAL CO LTD | 8,357 | 8,357 |
| SIEMENS AG | 13,180 | 13,180 |
| SIEMENS HEALTHINEERS AG | 11,319 | 11,319 |
| SUNCOR ENERGY INC | 15,878 | 15,878 |
| SUZUKI MOTOR CORP | 10,752 | 10,752 |
| TECHTRONIC INDUSTRIES CO | 12,206 | 12,206 |
| THALES AMERICAN DEPOSITARY | 13,582 | 13,582 |
| TOKYO ELECTRON LTD | 11,080 | 11,080 |
| UNILEVER PLC | 32,432 | 32,432 |
| UNIVERSAL MUSIC GROUP NV | 13,068 | 13,068 |
| 31 GROUP PLC | 7,923 | 7,923 |
| ADIDAS AG | 10,176 | 10,176 |
| ASTRAZENECA PLC | 7,273 | 7,273 |
| EATON CORPORATION PLC | 11,947 | 11,947 |
| FLUTTER ENTERTAINMENT PLC | 7,495 | 7,495 |
| INDUSTRIA DE DISENO TEXTIL | 4,935 | 4,935 |
| NOVO NORDISK A/S | 15,570 | 15,570 |
| SPOTIFY TECHNOLOGY S | 12,079 | 12,079 |
| ADOBE INC | 12,451 | 12,451 |
| ADVANCED MICRO DEVICES INC | 11,233 | 11,233 |
| AIRBNB INC | 13,929 | 13,929 |
| ALPHABET INC | 46,658 | 46,658 |
| AMAZON.COM INC | 100,261 | 100,261 |
| ANALOG DEVICES INC | 7,224 | 7,224 |
| APPLE INC | 68,114 | 68,114 |
| APPLOVIN CORPORATION | 9,067 | 9,067 |
| BOEING CO | 20,532 | 20,532 |
| BROADCOM INC | 64,683 | 64,683 |
| CADENCE DESIGN SYSTEMS INC | 16,826 | 16,826 |
| COSTCO WHOLESALE CORP-NEW | 26,572 | 26,572 |
| CROWDSTRIKE HOLDINGS INC | 16,766 | 16,766 |
| ELI LILLY & CO | 29,336 | 29,336 |
| GE AEROSPACE | 11,008 | 11,008 |
| HOME DEPOT INC | 9,725 | 9,725 |
| INTUITIVE SURGICAL INC | 13,571 | 13,571 |
| MARRIOTT INTERNATIONAL | 6,974 | 6,974 |
| MASTERCARD INCORPORATED | 30,541 | 30,541 |
| META PLATFORMS INC | 64,989 | 64,989 |
| MICROSOFT CORP | 81,771 | 81,771 |
| MOODYS CORP | 12,308 | 12,308 |
| NETFLIX INC | 48,131 | 48,131 |
| NVIDIA CORP | 109,984 | 109,984 |
| PALO ALTO NETWORKS INC | 9,462 | 9,462 |
| PROGRESSIVE CORP-OHIO | 13,418 | 13,418 |
| SALESFORCE INC | 15,714 | 15,714 |
| SERVICENOW INC | 29,683 | 29,683 |
| TESLA INC | 45,230 | 45,230 |
| TJX COMPANIES INC NEW | 7,490 | 7,490 |
| UBER TECHNOLOGIES INC | 13,331 | 13,331 |
| VERTEX PHARMACEUTICALS INC | 17,316 | 17,316 |
| VISA INC | 22,123 | 22,123 |
| WALMART INC | 21,413 | 21,413 |
| WALT DISNEY | 17,927 | 17,927 |
| DATADOG INC | 10,288 | 10,288 |
| DEXCOM INC | 5,288 | 5,288 |
| EDWARDS LIFESCIENCES CORP | 6,144 | 6,144 |
| HILTON WORLDWIDE HOLDINGS INC | 11,864 | 11,864 |
| SNOWFLAKE INC | 8,338 | 8,338 |
| TRADE DESK INC (THE) | 13,986 | 13,986 |
| VERTIV HOLDINGS LLC | 9,657 | 9,657 |
| ARCH CAPITAL GROUP LTD | 139,449 | 139,449 |
| BROOKFIELD ASSET MANAGEMENT | 46,170 | 46,170 |
| AMPHENOL CORPORATION | 77,228 | 77,228 |
| ARISTA NETWORKS INC | 60,570 | 60,570 |
| BERKLEY W R CORPORATION | 47,928 | 47,928 |
| BROWN & BROWN INC | 97,735 | 97,735 |
| BROWN-FORMAN CORPORATION | 30,726 | 30,726 |
| CARLISLE COMPANIES INC | 69,711 | 69,711 |
| CDW CORPORATION | 65,265 | 65,265 |
| COPART INC | 83,445 | 83,445 |
| DOLLAR TREE INC | 54,931 | 54,931 |
| EXPEDITORS INTERNATIONAL OF WASHINGTON INC | 25,699 | 25,699 |
| FLOOR & DECOR HOLDINGS INC | 48,355 | 48,355 |
| GARTNER INC | 123,540 | 123,540 |
| GRACO INC | 18,628 | 18,628 |
| LABCORP HOLDINGS INC | 54,807 | 54,807 |
| LIBERTY BROADBAND CORPORATION | 46,127 | 46,127 |
| LIBERTY MEDIA CORPORATION | 55,318 | 55,318 |
| MICROCHIP TECHNOLOGY INC | 37,736 | 37,736 |
| PACCAR INC | 76,039 | 76,039 |
| ROSS STORES INC | 112,545 | 112,545 |
| TELEDYNE TECHNOLOGIES INC | 45,949 | 45,949 |
| WATERS CORP | 50,453 | 50,453 |
| ARMSTRONG WORLD INDUSTRIES INC | 35,191 | 35,191 |
| ASBURY AUTOMOTIVE GROUP INC | 40,829 | 40,829 |
| CULLEN FROST BANKERS INC | 22,420 | 22,420 |
| GLACIER BANCORP INC | 23,151 | 23,151 |
| LITHIA MOTORS INC | 45,036 | 45,036 |
| MKS INSTRUMENTS INC | 47,497 | 47,497 |
| MOELIS & COMPANY | 40,191 | 40,191 |
| THOR INDUSTRIES INC | 48,334 | 48,334 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 1,447 | 0 | 1,447 | |
| STATE FILING FEE | 10 | 0 | 10 | |
| SUPPLIES | 173 | 0 | 173 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| EXCISE TAX REFUND | 2,262 | 2,262 |
| Description | Amount |
|---|---|
| NET UNREALIZED GAIN ON INVESTMENTS | 274,829 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| BANK OVERDRAFT | 0 | 17,246 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT | 49,569 | 49,569 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 3,470 | 3,470 | 0 | |
| FEDERAL EXCISE TAXES | 2,619 | 0 | 0 |