| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEE (NON-ALLOC | 4,875 | 4,875 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BBH LIMITED DURATION FUND CL I | 402,159 | 414,319 |
| BBH INCOME FUND-I | 525,000 | 477,663 |
| AMAZON.COM INC | 178,303 | 252,055 |
| BOOKING HOLDINGS INC COM STK | 62,245 | 187,437 |
| NIKE INC CL B | 135,013 | 112,193 |
| COSTCO WHOLESALE CORP | 28,113 | 85,372 |
| BERKSHIRE HATHAWAY INC-CL B | 36 | 200,557 |
| ARTHUR J GALLAGHER & CO | 56,918 | 163,555 |
| PROGRESSIVE CORP OHIO | 33,751 | 81,524 |
| S&P GLOBAL INC COM STK | 98,193 | 148,416 |
| ABBOTT LABORATORIES | 71,688 | 77,930 |
| THERMO FISHER SCIENTIFIC INC | 88,130 | 117,049 |
| ZOETIS INC COM STK | 30,444 | 111,351 |
| ALCON INC COM STK | 58,616 | 98,118 |
| UNION PACIFIC CORP | 1,062 | 1,504,737 |
| WASTE MANAGEMENT INC | 52,080 | 190,269 |
| ADOBE INC | 103,494 | 94,147 |
| KLA CORPORATION | 21,048 | 260,027 |
| MASTERCARD INCORPORATED | 144,969 | 304,279 |
| MICROSOFT CORP | 235,703 | 360,297 |
| ORACLE CORP | 36,405 | 193,935 |
| TEXAS INSTRUMENTS INC | 98,176 | 102,186 |
| LINDE PLC COM STK | 77,151 | 201,256 |
| ALPHABET INC CL C | 18,901 | 416,726 |
| CLARKSTON SERIES TRUST CLARKST | ||
| BBH PARTNER FUND-INTERNATIONAL | 481,524 | 647,965 |
| UNITEDHEALTH GROUP INC | ||
| OTIS WORLDWIDE CORPORATION COM | 100,402 | 91,805 |
| APPLIED MATERIALS INC | 118,449 | 172,440 |
| AUTOMATIC DATA PROCESSING INC | 96,018 | 97,490 |
| CADENCE DESIGH SYS INC | 98,892 | 114,717 |
| BBH SELECT SERIES - MID CAP FU | 549,838 | 552,625 |
| GQG PART QLTY EQTY-INST | ||
| MCDONALD'S CORP | 50,834 | 51,040 |
| COCA-COLA CO | 39,897 | 39,010 |
| PROCTER & GAMBLE CO | 67,068 | 57,037 |
| WALMART INC | 103,243 | 118,540 |
| ELI LILLY & CO | 72,614 | 102,095 |
| NOVO NORDISK SPONS ADR | 22,829 | 14,450 |
| ANALOG DEVICES INC | 21,406 | 32,815 |
| APPLE COMPUTER INC | 144,713 | 197,642 |
| NVIDIA CORP COM | 55,303 | 101,083 |
| SERVICENOW INC | 115,993 | 99,574 |
| VISA INC CL A | 16,968 | 18,237 |
| ECOLAB INC | 25,133 | 25,202 |
| Description | Amount |
|---|---|
| ROUNDING ADJUSTMENT | 1 |
| ADJ FMV CONTRIBUTED STOCK TO COST | 104,792 |
| 2025 SALES POSTED IN 2026 | 39,907 |
| OUTSTANDING LIABILITY | 169 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER EXPENSES | 998 | 0 | 998 | |
| ADR FEES PAID | 9 | 9 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER REVENUE | 6,214 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 44,449 | 44,449 | ||
| TRUST ADMINISTRATION FEES | 8,826 | 8,826 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAX PAYMENT - PRIOR YE | 13 | 0 | 0 | |
| FEDERAL ESTIMATES - PRINCIPAL | 7,525 | 0 | 0 | |
| FOREIGN TAXES ON QUALIFIED FOR | 1,511 | 1,511 | 0 |