| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEE (NON-ALLOC | 1,341 | 1,341 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 87873R101 TECHTRONIC INDUSTRIE | 952 | 2,994 |
| 81783H105 SEVEN & I HOLDINGS C | 1,224 | 1,917 |
| 743315103 PROGRESSIVE CORP OHI | ||
| 010199503 AKZO NOBEL NV-SPON A | 2,511 | 2,685 |
| 02263T104 AMADEUS IT GROUP S.A | 4,285 | 6,686 |
| 595017104 MICROCHIP TECHNOLOGY | ||
| 20825C104 CONOCOPHILLIPS | ||
| H42097107 UBS GROUP AG | 3,723 | 8,938 |
| 217204106 COPART INC COM | 3,185 | 34,217 |
| 91307C102 UNITED THERAPEUTICS | 23,292 | 86,243 |
| 929160109 VULCAN MATERIALS COM | 19,912 | 48,773 |
| 174610105 CITIZENS FINANCIAL G | 26,560 | 55,957 |
| 02079K107 ALPHABET INC CL C | 34,789 | 251,354 |
| 25754A201 DOMINOS PIZZA INC | 10,308 | 16,673 |
| 83404D109 SOFTBANK GROUP CORP- | ||
| 670100205 NOVO NORDISK A/S - A | 1,256 | 2,951 |
| 22160N109 COSTAR GROUP, INC | 25,110 | 24,408 |
| 115236101 BROWN & BROWN INC | 9,374 | 30,924 |
| 526057104 LENNAR CORPORATION C | 7,361 | 15,831 |
| 03662Q105 ANSYS INC | ||
| 48667L106 KDDI CORP-UNSPONSORE | 1,394 | 5,827 |
| 12504L109 CBRE GROUP INC | 7,410 | 38,107 |
| G0450A105 ARCH CAPITAL GROUP L | 1,599 | 10,647 |
| 48251W104 KKR & CO INC -A | 8,105 | 42,196 |
| 037833100 APPLE INC | 9,574 | 206,070 |
| 570535104 MARKEL GROUP INC | 7,230 | 32,245 |
| 00724F101 ADOBE INC | ||
| 538034109 LIVE NATION ENT INC | 15,740 | 38,760 |
| 45168D104 IDEXX CORP | 5,831 | 16,237 |
| 448579102 HYATT HOTELS CORP | 6,285 | 13,627 |
| 023135106 AMAZON COM INC COM | 73,761 | 110,332 |
| 502441306 LVMH MOET HENNESSY U | 2,739 | 7,239 |
| 40415F101 HDFC BANK LTD. - ADR | 1,591 | 8,477 |
| 25243Q205 DIAGEO PLC - ADR | ||
| 052769106 AUTODESK INC | ||
| 778296103 ROSS STORES INC | 3,171 | 7,566 |
| 92345Y106 VERISK ANALYTICS INC | 1,357 | 5,145 |
| 38141G104 GOLDMAN SACHS GROUP | ||
| 745867101 PULTE GRP INC | 21,807 | 56,754 |
| 422806208 HEICO CORP CL A | 21,660 | 56,039 |
| 22160K105 COSTCO WHOLESALE COR | 15,668 | 68,987 |
| 87155N109 SYMRISE AG ADR | 1,117 | 3,883 |
| 989825104 ZURICH INSURANCE GRO | ||
| 67103H107 O'REILLY AUTOMOTIVE | 2,857 | 43,872 |
| 366651107 GARTNER INC | ||
| 80687P106 SCHNEIDER ELECTRIC S | 2,147 | 9,339 |
| M98068105 WIX.COM LTD | 2,391 | 3,013 |
| 26874R108 ENI SPA - ADR | 3,643 | 6,336 |
| 433578507 HITACHI LIMITED - AD | 1,993 | 9,173 |
| 776696106 ROPER TECHNOLOGIES I | 7,913 | 20,921 |
| 43300A203 HILTON WORLDWIDE HOL | 13,142 | 51,705 |
| 009126202 AIR LIQUIDE - ADR | ||
| 05565A202 BNP PARIBAS - ADR | 3,156 | 6,589 |
| 573284106 MARTIN MARIETTA MATL | 14,090 | 34,246 |
| 46625H100 JPMORGAN CHASE & CO | 23,069 | 99,888 |
| 783513203 RYANAIR HOLDINGS PLC | 1,298 | 3,176 |
| 55354G100 MSCI INC | 11,419 | 21,228 |
| 594918104 MICROSOFT CORP | 20,955 | 222,949 |
| 001317205 AIA GROUP LTD-SP ADR | 1,583 | 3,405 |
| 92343E102 VERISIGN INC COM | ||
| 00287Y109 ABBVIE INC | ||
| 23381B106 DAIKIN INDUSTRIES-UN | 2,032 | 3,902 |
| 615369105 MOODYS CORP | 705 | 7,663 |
| 902252105 TYLER TECHNOLOGIES I | 13,179 | 17,250 |
| 641069406 NESTLE S.A. REGISTER | 2,001 | 4,149 |
| 143130102 CARMAX INC | ||
| 75886F107 REGENERON PHARMACEUT | 31,579 | 43,225 |
| 874039100 TAIWAN SEMICONDUCTOR | 389 | 10,332 |
| 91879Q109 VAIL RESORTS INC COM | ||
| 29084Q100 EMCOR GROUP INC COM | 8,190 | 76,474 |
| 771195104 ROCHE HOLDINGS LTD - | 4,593 | 11,294 |
| 501173207 KUBOTA LIMITED - ADR | ||
| 893641100 TRANSDIGM GROUP INC | 3,706 | 54,524 |
| 18946Q101 CLP HOLDINGS LIMITED | 2,049 | 1,775 |
| 311900104 FASTENAL CO | 3,208 | 12,440 |
| 110448107 BRITISH AMERICAN TOB | 4,316 | 5,945 |
| 606822104 MITSUBISHI UFJ FINL | ||
| 670346105 NUCOR CORP | ||
| 359590304 FUJITSU LIMITED - AD | 3,674 | 6,870 |
| 038222105 APPLIED MATERIALS IN | ||
| 03990B101 ARES MANAGEMENT CORP | 7,548 | 15,678 |
| 172967424 CITIGROUP INC. | 49,674 | 80,516 |
| 37827X100 GLENCORE PLC-UNSP AD | 3,604 | 4,623 |
| 78445W306 SMC CORP-SPONSORED A | ||
| 59410T106 MICHELIN (CGDE) ADR | 2,416 | 2,771 |
| 91324P102 UNITEDHEALTH GROUP I | ||
| 80105N105 SANOFI-ADR | 5,275 | 5,815 |
| 11271J107 BROOKFIELD CORP | 9,481 | 52,085 |
| 54211N101 LONDON STOCK EXCHG-U | ||
| 113004105 BROOKFIELD ASSET MAN | 2,190 | 9,640 |
| 89151E109 TOTALENERGIES SE -SP | ||
| 928254101 VIRTU FINANCIAL INC | 73,604 | 67,340 |
| 980228308 WOODSIDE ENERGY GROU | ||
| 639057207 NATWEST GROUP PLC AD | 3,711 | 11,480 |
| 767204100 RIO TINTO PLC - ADR | 4,269 | 4,722 |
| 11135F101 BROADCOM INC | 38,030 | 205,930 |
| 125269100 CF INDS HLDGS INC | 50,320 | 46,327 |
| 03073E105 CENCORA INC | 45,125 | 90,517 |
| 12637N204 CSL LTE-SPONSORED AD | 3,791 | 2,477 |
| 204319107 COMPAGNIE FINANCIERE | 3,624 | 5,016 |
| 26875P101 EOG RESOURCES, INC | 54,165 | 45,679 |
| 31946M103 FIRST CTZNS BANCSHAR | 43,659 | 64,385 |
| 35137L105 FOX CORP | 45,927 | 96,306 |
| 361ESC049 ESC GCI LIBERTY INC | ||
| 423012301 HEINEKEN N V ADR | ||
| 450737101 IBERDROLA S.A.ADA AD | ||
| 45857P806 INTERCONTINENTAL HOT | 933 | 1,831 |
| 46120E602 INTUITIVE SURGICAL I | ||
| 482480100 KLA CORP | 49,098 | 103,282 |
| 531229755 LIBERTY MEDIA CORP-L | 3,239 | 14,382 |
| 531229771 LIBERTY MEDIA CORP-L | 4,849 | 7,419 |
| 654445303 NINTENDO CO., LTD. - | ||
| 892331307 TOYOTA MOTOR CORPORA | 2,942 | 3,425 |
| 941848103 WATERS CORP | 6,730 | 9,116 |
| G54950103 NEW LINDE PLC | 4,870 | 8,101 |
| V7780T103 ROYAL CARRIBEAN CRUI | ||
| 031100100 AMETEK INC COM | 7,591 | 9,444 |
| 040413205 ARISTA NETWORKS INC | 22,294 | 94,604 |
| 046353108 ASTRAZENECA PLC ADR | ||
| 059460303 BANCO BRADESCO S A A | 2,298 | 2,714 |
| 06738E204 BARCLAYS PLC - ADR | 5,392 | 10,791 |
| 084423102 BERKLEY W R CORP | 3,240 | 4,277 |
| 11276H106 BROOKFIELD INFRASTRU | 21,352 | 32,189 |
| 11285B108 BROOKFIELD RENEWABLE | 10,775 | 11,579 |
| 12510Q100 CCC INTELLIGENT SOLU | 11,656 | 8,355 |
| 13961R100 CAPGEMINI SE - UNSPO | ||
| 194162103 COLGATE PALMOLIVE CO | ||
| 23381D102 DAIICHI SANKYO CO-SP | 4,504 | 3,356 |
| 23804L103 DATADOG INC | ||
| 24703L202 DELL TECHNOLOGIES -C | 65,954 | 74,017 |
| 25278X109 DIAMONDBACK ENERGY I | ||
| 29362U104 ENTEGRIS INC | 15,524 | 13,649 |
| 30161Q104 EXELIXIS INC | 53,326 | 79,858 |
| 303250104 FAIR ISSAC, INC | 19,243 | 25,359 |
| 339750101 FLOOR & DECOR HOLDIN | 12,931 | 9,742 |
| 363576109 GALLAGHER ARTHUR J & | 15,373 | 14,233 |
| 368736104 GENERAC HOLDINGS INC | ||
| 384109104 GRACO INC | 4,169 | 4,180 |
| 456837103 ING GROEP N.V. - ADR | 1,148 | 1,820 |
| 45841N107 INTERACTIVE BROKERS | 38,852 | 81,609 |
| 525327102 LEIDOS HOLDINGS, INC | 56,007 | 65,305 |
| 606776201 MITSUBISHI ELECTRIC- | 3,187 | 4,814 |
| 64110L106 NETFLIX INC | 64,701 | 97,510 |
| 679295105 OKTA INC | 46,629 | 53,266 |
| 690742101 OWENS CORNING INC | 72,118 | 42,750 |
| 71385M107 PERIMETER SOLUTIONS | 3,585 | 8,975 |
| 72352L106 PINTEREST INC | 67,650 | 54,058 |
| 74275K108 PROCORE TECHNOLOGIES | 7,225 | 6,619 |
| 747525103 QUALCOMM INC | 60,714 | 61,749 |
| 75972B101 RENESAS ELECTRONICS | ||
| 78351F107 RYAN SPECIALTY HOLDI | 6,963 | 5,576 |
| 824551105 SHIN-ETSU CHEMICAL C | 2,733 | 2,356 |
| 87162W100 TD SYNNEX CORP | 73,232 | 89,687 |
| 90138F102 TWILIO INC | 34,881 | 81,788 |
| 910047109 UNITED AIRLINES HOLD | 45,619 | 102,427 |
| 922475108 VEEVA SYSTEMS INC | 18,877 | 22,323 |
| 92338C103 VERALTO CORP | 1,875 | 1,896 |
| 94106B101 WASTE CONNECTIONS IN | 9,501 | 9,294 |
| N72482149 QIAGEN NV | ||
| 009158106 AIR PRODS & CHEMS IN | 9,176 | 7,411 |
| 020002101 ALLSTATE CORP | 85,300 | 86,174 |
| 032095101 AMPHENOL CORP CL A | 86,953 | 87,165 |
| 03783C100 APPFOLIO INC | 7,345 | 7,445 |
| 049255706 ATLAS COPCO AB ADR | 3,269 | 3,492 |
| 049468101 ATLASSIAN CORP PLC | 83,524 | 67,937 |
| 07724U103 BEIERSDORF AG-UNSPON | 642 | 643 |
| 110122108 BRISTOL MYERS SQUIBB | 73,390 | 85,009 |
| 16411R208 CHENIERE ENERGY INC | 59,454 | 49,958 |
| 22266T109 COUPANG INC | 1,158 | 944 |
| 243537107 DECKERS OUTDOOR CORP | 85,457 | 77,753 |
| 256677105 DOLLAR GENERAL CORP | 85,684 | 83,114 |
| 268780103 E.ON SE - SPONSORED | 1,694 | 1,799 |
| 26969P108 EAGLE MATLS INC | 3,403 | 3,307 |
| 28176E108 EDWARDS LIFESCIENCES | 86,645 | 85,506 |
| 296036304 ERSTE GROUP BANK AG- | 1,930 | 2,530 |
| 405552100 HALEON PLC ADR | 4,097 | 4,175 |
| 50212V100 LPL FINANCIAL HOLDIN | 17,849 | 17,859 |
| 512807306 LAM RESH CORP | 86,729 | 85,419 |
| 524671104 LEGRAND SA-UNSP ADR | 2,334 | 2,283 |
| 530909308 LIBERTY LIVE HOLDING | 4,792 | 4,740 |
| 54211Y107 LONDON STOCK EXCHANG | 4,843 | 5,900 |
| 60687Y109 MIZUHO FINL GROUP IN | 5,222 | 5,461 |
| 61174X109 MONSTER BEVERAGE COR | 61,077 | 75,367 |
| 62473G102 MTU AERO ENGINES-UNS | 1,711 | 1,667 |
| 636274409 NATIONAL GRID PLC-SP | 6,054 | 6,497 |
| 67059N108 NUTANIX INC | 84,642 | 56,756 |
| 714264306 PERNOD RICARD SA ADR | 4,198 | 3,447 |
| 780641205 KONINKLIJKE KPN N.V. | 2,384 | 2,408 |
| 803054204 SAP SE ADR | 1,712 | 1,457 |
| 82674R103 SIKA AG-BR-ADR | 2,001 | 1,532 |
| 835699307 SONY GROUP CORP - SP | 4,768 | 4,787 |
| 86959X107 SUZUKI MOTOR CORP-UN | 1,209 | 1,597 |
| 88033G407 TENET HEALTHCARE COR | 53,194 | 78,296 |
| 883219206 THALES SA ADR | 1,730 | 1,567 |
| 888787108 TOAST INC | 5,390 | 5,007 |
| 889110102 TOKYO ELECTRON LTD-U | 2,896 | 3,000 |
| 891160509 TORONTO DOMINION BK | 5,255 | 5,746 |
| 90353T100 UBER TECHNOLOGIES IN | 57,024 | 61,037 |
| 90384S303 ULTA BEAUTY INC | 51,521 | 84,096 |
| 91913Y100 VALERO ENERGY CORP | 86,936 | 86,930 |
| 977874205 WOLTERS KLUWER NV - | 2,661 | 1,553 |
| F92124100 TOTALENERGIES SE | 5,125 | 6,607 |
| G0403H108 AON PLC | 1,841 | 1,764 |
| G4253H101 JAMES HARDIE INDUSTR | 2,420 | 1,992 |
| N72482206 QIAGEN NV | 2,577 | 2,428 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 828806109 SIMON PROPERTY GROUP | |||
| 78410G104 SBA COMMUNICATIONS C | |||
| 46138E784 INVESCO EMERGING MAR | AT COST | 29,657 | 23,393 |
| 693390882 PIMCO INTL BND USD H | AT COST | 34,857 | 31,524 |
| 74440Y884 PGIM HIGH YIELD-Q 10 | AT COST | 144,719 | 125,805 |
| 957663669 WESTERN ASSET CORE P | AT COST | 143,372 | 106,592 |
| 92206C706 VANGUARD INTERMEDIAT | AT COST | 412,759 | 350,650 |
| 464287804 ISHARES CORE S&P SMA | AT COST | 455,417 | 686,468 |
| 92206C870 VANGUARD INTERMEDIAT | AT COST | 247,073 | 223,529 |
| 922031778 VANGUARD LT INV GRAD | AT COST | 147,181 | 100,229 |
| 962166104 WEYERHAEUSER CO | AT COST | 44,581 | 31,460 |
| 77954Q403 T ROWE PRICE BLUE CH | AT COST | 98,407 | 213,760 |
| 681936100 OMEGA HEALTHCARE INV | AT COST | 70,675 | 82,960 |
| Description | Amount |
|---|---|
| ROC ON CY SALES | 882 |
| PY RETURN OF CAPITAL ADJUSTMENT | 2,419 |
| COST BASIS ADJ | 674 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT EXPENSES - ADR FEES | 514 | 514 | 0 | |
| OTHER EXPENSE (NON-DEDUCTIBLE | 30 | 30 | 0 |
| Description | Amount |
|---|---|
| MUTUAL FUND TIMING ADJ | 137 |
| TAX LOT BASIS ADJUSTMENT | 190 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMNT MNGMNT FEES (NON-DED | 22,064 | 22,064 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 1,114 | 1,114 | 0 | |
| FEDERAL TAX PAYMENT - PRIOR YE | 3,811 | 0 | 0 | |
| FEDERAL ESTIMATES - PRINCIPAL | 8,384 | 0 | 0 |