GLUSKIN SHEFF & ASSOC INC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FA	FIRST ADVANTAGE CORP NEW	961,581 (+24.5%)	$13,972 (+17.6%)	1.9%	$17.28	-18.5%	COM	31846B108
NFLX	NETFLIX INC	63,404 (+873.3%)	$5,945 (-23.9%)	0.8%	$100.41	+7.4%	COM	64110L106
NOW	SERVICENOW INC	41,908 (+380.9%)	$6,420 (-19.9%)	0.9%	$156.62	+9.5%	COM	81762P102
HD	HOME DEPOT INC	11,418 (+3.0%)	$3,929 (-12.5%)	0.5%	$225.03	+62.0%	COM	437076102

Decreased Positions (65)

AON AON PLC 5.9%

Value ($000) $42,224 (-30.3%) Shares 119,655 (-29.5%) Est. Cost $284.28 Unrealized +22.8%

BUR BURFORD CAP LTD 0.9%

Value ($000) $6,805 (-56.5%) Shares 762,888 (-41.6%) Est. Cost $10.63 Unrealized -7.9%

UBER UBER TECHNOLOGIES INC 3.3%

Value ($000) $23,488 (-26.1%) Shares 287,455 (-11.4%) Est. Cost $49.95 Unrealized +80.3%

GOOGL ALPHABET INC 5.6%

Value ($000) $40,441 (+19.5%) Shares 129,206 (-7.2%) Est. Cost $108.75 Unrealized +162.6%

RBA RB GLOBAL INC 1.8%

Value ($000) $13,259 (-29.1%) Shares 128,891 (-25.3%) Est. Cost $61.67 Unrealized +64.7%

ARMK ARAMARK 2.0%

Value ($000) $14,735 (-23.9%) Shares 399,757 (-20.7%) Est. Cost $28.89 Unrealized +31.3%

GPK GRAPHIC PACKAGING HLDG CO 0.6%

Value ($000) $4,614 (-49.1%) Shares 306,366 (-33.9%) Est. Cost $26.49 Unrealized -38.0%

GOOG ALPHABET INC 2.4%

Value ($000) $17,371 (-19.2%) Shares 55,358 (-37.3%) Est. Cost $136.17 Unrealized +110.3%

MSFT MICROSOFT CORP 5.0%

Value ($000) $35,857 (-10.2%) Shares 74,142 (-3.8%) Est. Cost $134.29 Unrealized +272.8%

GIL GILDAN ACTIVEWEAR INC 2.0%

Value ($000) $14,728 (-20.4%) Shares 235,794 (-26.3%) Est. Cost $34.39 Unrealized +72.9%

SPGI S&P GLOBAL INC 3.3%

Value ($000) $23,630 (-12.5%) Shares 45,218 (-18.5%) Est. Cost $320.41 Unrealized +54.2%

META META PLATFORMS INC 2.8%

Value ($000) $19,997 (-14.3%) Shares 30,295 (-4.7%) Est. Cost $203.80 Unrealized +227.4%

APO APOLLO GLOBAL MGMT INC 6.6%

Value ($000) $47,373 (-6.3%) Shares 327,255 (-13.8%) Est. Cost $78.50 Unrealized +68.9%

ENSG ENSIGN GROUP INC 1.5%

Value ($000) $10,775 (-18.5%) Shares 61,854 (-19.1%) Est. Cost $144.64 Unrealized +24.2%

MU MICRON TECHNOLOGY INC 0.8%

Value ($000) $5,539 (+64.0%) Shares 19,408 (-3.9%) Est. Cost $81.46 Unrealized +181.6%

SWIM LATHAM GROUP INC 1.0%

Value ($000) $7,267 (-21.1%) Shares 1,144,440 (-5.4%) Est. Cost $6.15 Unrealized +13.8%

LLY ELI LILLY & CO 1.0%

Value ($000) $7,391 (+34.1%) Shares 6,877 (-4.8%) Est. Cost $294.05 Unrealized +225.0%

UNH UNITEDHEALTH GROUP INC 1.0%

Value ($000) $6,940 (-16.2%) Shares 21,024 (-12.4%) Est. Cost $362.21 Unrealized -6.9%

NVDA NVIDIA CORPORATION 4.6%

Value ($000) $33,082 (-3.6%) Shares 177,382 (-3.5%) Est. Cost $95.45 Unrealized +95.0%

DIS DISNEY WALT CO 0.2%

Value ($000) $1,230 (-49.1%) Shares 10,815 (-48.8%) Est. Cost $138.51 Unrealized -20.9%

ORLY OREILLY AUTOMOTIVE INC 0.7%

Value ($000) $4,953 (-19.3%) Shares 54,308 (-4.7%) Est. Cost $86.94 Unrealized +12.4%

MRSH MARSH & MCLENNAN COS INC 0.9%

Value ($000) $6,612 (-13.5%) Shares 35,639 (-6.1%) Est. Cost $151.48 Unrealized +23.1%

PH PARKER-HANNIFIN CORP 1.3%

Value ($000) $9,558 (+11.5%) Shares 10,874 (-3.8%) Est. Cost $259.00 Unrealized +215.7%

TMO THERMO FISHER SCIENTIFIC INC 1.0%

Value ($000) $6,995 (+14.9%) Shares 12,071 (-3.8%) Est. Cost $344.32 Unrealized +64.1%

AMD ADVANCED MICRO DEVICES INC 0.6%

Value ($000) $4,091 (+27.2%) Shares 19,103 (-3.9%) Est. Cost $81.38 Unrealized +176.0%

AAPL APPLE INC 4.2%

Value ($000) $30,183 (+2.7%) Shares 111,024 (-3.8%) Est. Cost $94.08 Unrealized +185.2%

MASI MASIMO CORP 0.5%

Value ($000) $3,356 (-18.5%) Shares 25,805 (-7.6%) Est. Cost $148.51 Unrealized -3.6%

CAT CATERPILLAR INC 0.8%

Value ($000) $5,617 (+15.5%) Shares 9,805 (-3.8%) Est. Cost $128.43 Unrealized +332.5%

BRK/A BERKSHIRE HATHAWAY INC DEL 2.2%

Value ($000) $15,851 (-4.5%) Shares 21 (-4.5%) Est. Cost $277014.34 Unrealized +169.5%

ABT ABBOTT LABS 0.7%

Value ($000) $5,388 (-11.9%) Shares 43,001 (-5.8%) Est. Cost $95.96 Unrealized +32.7%

HAYW HAYWARD HLDGS INC 0.4%

Value ($000) $2,708 (-20.1%) Shares 175,254 (-21.8%) Est. Cost $13.96 Unrealized +13.2%

PG PROCTER AND GAMBLE CO 0.7%

Value ($000) $5,076 (-11.1%) Shares 35,422 (-4.7%) Est. Cost $119.13 Unrealized +23.5%

SHW SHERWIN WILLIAMS CO 0.7%

Value ($000) $4,889 (-10.1%) Shares 15,089 (-3.9%) Est. Cost $236.51 Unrealized +41.3%

AMZN AMAZON COM INC 3.6%

Value ($000) $25,631 (+2.1%) Shares 111,045 (-2.9%) Est. Cost $127.83 Unrealized +79.0%

GE GE AEROSPACE 1.0%

Value ($000) $7,105 (-6.8%) Shares 23,067 (-9.0%) Est. Cost $108.25 Unrealized +177.9%

DHR DANAHER CORPORATION 0.7%

Value ($000) $4,828 (+12.1%) Shares 21,092 (-3.0%) Est. Cost $179.97 Unrealized +22.0%

HLT HILTON WORLDWIDE HLDGS INC 1.1%

Value ($000) $8,007 (+6.6%) Shares 27,873 (-3.7%) Est. Cost $108.92 Unrealized +149.9%

UNP UNION PAC CORP 1.1%

Value ($000) $7,947 (-5.8%) Shares 34,357 (-3.8%) Est. Cost $167.66 Unrealized +35.6%

TMUS T-MOBILE US INC 0.3%

Value ($000) $1,846 (-21.0%) Shares 9,092 (-6.8%) Est. Cost $127.85 Unrealized +65.3%

PPG PPG INDS INC 0.2%

Value ($000) $1,230 (-24.4%) Shares 12,007 (-22.5%) Est. Cost $114.35 Unrealized -12.4%

PRMB PRIMO BRANDS CORPORATION 0.1%

Value ($000) $737 (-34.3%) Shares 45,093 (-11.2%) Est. Cost $31.15 Unrealized -40.7%

JPM JPMORGAN CHASE & CO. 1.6%

Value ($000) $11,523 (-3.0%) Shares 35,760 (-5.0%) Est. Cost $76.88 Unrealized +302.6%

W WAYFAIR INC 2.2%

Value ($000) $15,845 (+2.1%) Shares 157,799 (-9.2%) Est. Cost $51.00 Unrealized +88.6%

CBRE CBRE GROUP INC 1.0%

Value ($000) $6,855 (-4.5%) Shares 42,631 (-6.4%) Est. Cost $100.66 Unrealized +56.2%

TXN TEXAS INSTRS INC 0.6%

Value ($000) $4,285 (-6.8%) Shares 24,697 (-1.3%) Est. Cost $142.65 Unrealized +19.7%

MA MASTERCARD INCORPORATED 1.2%

Value ($000) $8,668 (-3.4%) Shares 15,183 (-3.8%) Est. Cost $121.38 Unrealized +360.5%

MCD MCDONALDS CORP 0.6%

Value ($000) $4,580 (-5.2%) Shares 14,985 (-5.8%) Est. Cost $202.53 Unrealized +50.6%

INTU INTUIT 0.5%

Value ($000) $3,313 (-6.7%) Shares 5,002 (-3.8%) Est. Cost $333.12 Unrealized +98.3%

BAC BANK AMERICA CORP 1.3%

Value ($000) $9,482 (+2.5%) Shares 172,409 (-3.8%) Est. Cost $23.42 Unrealized +124.9%

CSX CSX CORP 0.3%

Value ($000) $2,463 (-8.5%) Shares 67,938 (-10.4%) Est. Cost $29.56 Unrealized +20.8%

CVX CHEVRON CORP NEW 0.5%

Value ($000) $3,686 (-5.6%) Shares 24,184 (-3.8%) Est. Cost $138.33 Unrealized +9.4%

EXPE EXPEDIA GROUP INC 0.2%

Value ($000) $1,322 (+18.0%) Shares 4,667 (-11.0%) Est. Cost $109.50 Unrealized +125.5%

AVGO BROADCOM INC 2.6%

Value ($000) $18,842 (+1.0%) Shares 54,442 (-3.7%) Est. Cost $146.27 Unrealized +144.1%

ABBV ABBVIE INC 0.3%

Value ($000) $2,164 (-7.3%) Shares 9,470 (-6.0%) Est. Cost $138.12 Unrealized +64.7%

CME CME GROUP INC 0.8%

Value ($000) $5,612 (-2.7%) Shares 20,550 (-3.7%) Est. Cost $163.97 Unrealized +65.1%

ADBE ADOBE INC 0.4%

Value ($000) $2,773 (-4.6%) Shares 7,922 (-3.9%) Est. Cost $301.67 Unrealized +12.7%

V VISA INC 1.1%

Value ($000) $7,722 (-1.2%) Shares 22,019 (-3.8%) Est. Cost $127.15 Unrealized +167.7%

XOM EXXON MOBIL CORP 1.0%

Value ($000) $7,385 (+1.1%) Shares 61,369 (-5.2%) Est. Cost $47.95 Unrealized +140.9%

HCA HCA HEALTHCARE INC 0.2%

Value ($000) $1,381 (+5.4%) Shares 2,957 (-3.7%) Est. Cost $248.02 Unrealized +87.0%

ELV ELEVANCE HEALTH INC FORMERLY 0.2%

Value ($000) $1,289 (+4.6%) Shares 3,677 (-3.6%) Est. Cost $455.20 Unrealized -26.0%

ACN ACCENTURE PLC IRELAND 0.2%

Value ($000) $1,265 (+4.6%) Shares 4,715 (-3.8%) Est. Cost $297.36 Unrealized -14.6%

KO COCA COLA CO 0.8%

Value ($000) $5,638 (+1.0%) Shares 80,643 (-4.2%) Est. Cost $49.81 Unrealized +39.3%

JNJ JOHNSON & JOHNSON 0.2%

Value ($000) $1,768 (-1.3%) Shares 8,541 (-11.6%) Est. Cost $143.79 Unrealized +37.0%

BDX BECTON DICKINSON & CO 0.7%

Value ($000) $4,859 (-0.3%) Shares 25,039 (-3.8%) Est. Cost $224.76 Unrealized -15.7%

TJX TJX COS INC NEW 0.7%

Value ($000) $5,112 (+0.1%) Shares 33,279 (-5.8%) Est. Cost $55.73 Unrealized +165.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AON	AON PLC	119,655 (-29.5%)	$42,224 (-30.3%)	5.9%	$284.28	+22.8%	SHS CL A	G0403H108
BUR	BURFORD CAP LTD	762,888 (-41.6%)	$6,805 (-56.5%)	0.9%	$10.63	-7.9%	ORD SHS	G17977110
UBER	UBER TECHNOLOGIES INC	287,455 (-11.4%)	$23,488 (-26.1%)	3.3%	$49.95	+80.3%	COM	90353T100
GOOGL	ALPHABET INC	129,206 (-7.2%)	$40,441 (+19.5%)	5.6%	$108.75	+162.6%	CAP STK CL A	02079K305
RBA	RB GLOBAL INC	128,891 (-25.3%)	$13,259 (-29.1%)	1.8%	$61.67	+64.7%	COM	74935Q107
ARMK	ARAMARK	399,757 (-20.7%)	$14,735 (-23.9%)	2.0%	$28.89	+31.3%	COM	03852U106
GPK	GRAPHIC PACKAGING HLDG CO	306,366 (-33.9%)	$4,614 (-49.1%)	0.6%	$26.49	-38.0%	COM	388689101
GOOG	ALPHABET INC	55,358 (-37.3%)	$17,371 (-19.2%)	2.4%	$136.17	+110.3%	CAP STK CL C	02079K107
MSFT	MICROSOFT CORP	74,142 (-3.8%)	$35,857 (-10.2%)	5.0%	$134.29	+272.8%	COM	594918104
GIL	GILDAN ACTIVEWEAR INC	235,794 (-26.3%)	$14,728 (-20.4%)	2.0%	$34.39	+72.9%	COM	375916103
SPGI	S&P GLOBAL INC	45,218 (-18.5%)	$23,630 (-12.5%)	3.3%	$320.41	+54.2%	COM	78409V104
META	META PLATFORMS INC	30,295 (-4.7%)	$19,997 (-14.3%)	2.8%	$203.80	+227.4%	CL A	30303M102
APO	APOLLO GLOBAL MGMT INC	327,255 (-13.8%)	$47,373 (-6.3%)	6.6%	$78.50	+68.9%	COM	03769M106
ENSG	ENSIGN GROUP INC	61,854 (-19.1%)	$10,775 (-18.5%)	1.5%	$144.64	+24.2%	COM	29358P101
MU	MICRON TECHNOLOGY INC	19,408 (-3.9%)	$5,539 (+64.0%)	0.8%	$81.46	+181.6%	COM	595112103
SWIM	LATHAM GROUP INC	1,144,440 (-5.4%)	$7,267 (-21.1%)	1.0%	$6.15	+13.8%	COM	51819L107
LLY	ELI LILLY & CO	6,877 (-4.8%)	$7,391 (+34.1%)	1.0%	$294.05	+225.0%	COM	532457108
UNH	UNITEDHEALTH GROUP INC	21,024 (-12.4%)	$6,940 (-16.2%)	1.0%	$362.21	-6.9%	COM	91324P102
NVDA	NVIDIA CORPORATION	177,382 (-3.5%)	$33,082 (-3.6%)	4.6%	$95.45	+95.0%	COM	67066G104
DIS	DISNEY WALT CO	10,815 (-48.8%)	$1,230 (-49.1%)	0.2%	$138.51	-20.9%	COM	254687106
ORLY	OREILLY AUTOMOTIVE INC	54,308 (-4.7%)	$4,953 (-19.3%)	0.7%	$86.94	+12.4%	COM	67103H107
MRSH	MARSH & MCLENNAN COS INC	35,639 (-6.1%)	$6,612 (-13.5%)	0.9%	$151.48	+23.1%	COM	571748102
PH	PARKER-HANNIFIN CORP	10,874 (-3.8%)	$9,558 (+11.5%)	1.3%	$259.00	+215.7%	COM	701094104
TMO	THERMO FISHER SCIENTIFIC INC	12,071 (-3.8%)	$6,995 (+14.9%)	1.0%	$344.32	+64.1%	COM	883556102
AMD	ADVANCED MICRO DEVICES INC	19,103 (-3.9%)	$4,091 (+27.2%)	0.6%	$81.38	+176.0%	COM	007903107
AAPL	APPLE INC	111,024 (-3.8%)	$30,183 (+2.7%)	4.2%	$94.08	+185.2%	COM	037833100
MASI	MASIMO CORP	25,805 (-7.6%)	$3,356 (-18.5%)	0.5%	$148.51	-3.6%	COM	574795100
CAT	CATERPILLAR INC	9,805 (-3.8%)	$5,617 (+15.5%)	0.8%	$128.43	+332.5%	COM	149123101
BRK/A	BERKSHIRE HATHAWAY INC DEL	21 (-4.5%)	$15,851 (-4.5%)	2.2%	$277014.34	+169.5%	CL A	084670108
ABT	ABBOTT LABS	43,001 (-5.8%)	$5,388 (-11.9%)	0.7%	$95.96	+32.7%	COM	002824100
HAYW	HAYWARD HLDGS INC	175,254 (-21.8%)	$2,708 (-20.1%)	0.4%	$13.96	+13.2%	COM	421298100
PG	PROCTER AND GAMBLE CO	35,422 (-4.7%)	$5,076 (-11.1%)	0.7%	$119.13	+23.5%	COM	742718109
SHW	SHERWIN WILLIAMS CO	15,089 (-3.9%)	$4,889 (-10.1%)	0.7%	$236.51	+41.3%	COM	824348106
AMZN	AMAZON COM INC	111,045 (-2.9%)	$25,631 (+2.1%)	3.6%	$127.83	+79.0%	COM	023135106
GE	GE AEROSPACE	23,067 (-9.0%)	$7,105 (-6.8%)	1.0%	$108.25	+177.9%	COM NEW	369604301
DHR	DANAHER CORPORATION	21,092 (-3.0%)	$4,828 (+12.1%)	0.7%	$179.97	+22.0%	COM	235851102
HLT	HILTON WORLDWIDE HLDGS INC	27,873 (-3.7%)	$8,007 (+6.6%)	1.1%	$108.92	+149.9%	COM	43300A203
UNP	UNION PAC CORP	34,357 (-3.8%)	$7,947 (-5.8%)	1.1%	$167.66	+35.6%	COM	907818108
TMUS	T-MOBILE US INC	9,092 (-6.8%)	$1,846 (-21.0%)	0.3%	$127.85	+65.3%	COM	872590104
PPG	PPG INDS INC	12,007 (-22.5%)	$1,230 (-24.4%)	0.2%	$114.35	-12.4%	COM	693506107
PRMB	PRIMO BRANDS CORPORATION	45,093 (-11.2%)	$737 (-34.3%)	0.1%	$31.15	-40.7%	CLASS A COM SHS	741623102
JPM	JPMORGAN CHASE & CO.	35,760 (-5.0%)	$11,523 (-3.0%)	1.6%	$76.88	+302.6%	COM	46625H100
W	WAYFAIR INC	157,799 (-9.2%)	$15,845 (+2.1%)	2.2%	$51.00	+88.6%	CL A	94419L101
CBRE	CBRE GROUP INC	42,631 (-6.4%)	$6,855 (-4.5%)	1.0%	$100.66	+56.2%	CL A	12504L109
TXN	TEXAS INSTRS INC	24,697 (-1.3%)	$4,285 (-6.8%)	0.6%	$142.65	+19.7%	COM	882508104
MA	MASTERCARD INCORPORATED	15,183 (-3.8%)	$8,668 (-3.4%)	1.2%	$121.38	+360.5%	CL A	57636Q104
MCD	MCDONALDS CORP	14,985 (-5.8%)	$4,580 (-5.2%)	0.6%	$202.53	+50.6%	COM	580135101
INTU	INTUIT	5,002 (-3.8%)	$3,313 (-6.7%)	0.5%	$333.12	+98.3%	COM	461202103
BAC	BANK AMERICA CORP	172,409 (-3.8%)	$9,482 (+2.5%)	1.3%	$23.42	+124.9%	COM	060505104
CSX	CSX CORP	67,938 (-10.4%)	$2,463 (-8.5%)	0.3%	$29.56	+20.8%	COM	126408103
CVX	CHEVRON CORP NEW	24,184 (-3.8%)	$3,686 (-5.6%)	0.5%	$138.33	+9.4%	COM	166764100
EXPE	EXPEDIA GROUP INC	4,667 (-11.0%)	$1,322 (+18.0%)	0.2%	$109.50	+125.5%	COM NEW	30212P303
AVGO	BROADCOM INC	54,442 (-3.7%)	$18,842 (+1.0%)	2.6%	$146.27	+144.1%	COM	11135F101
ABBV	ABBVIE INC	9,470 (-6.0%)	$2,164 (-7.3%)	0.3%	$138.12	+64.7%	COM	00287Y109
CME	CME GROUP INC	20,550 (-3.7%)	$5,612 (-2.7%)	0.8%	$163.97	+65.1%	COM	12572Q105
ADBE	ADOBE INC	7,922 (-3.9%)	$2,773 (-4.6%)	0.4%	$301.67	+12.7%	COM	00724F101
V	VISA INC	22,019 (-3.8%)	$7,722 (-1.2%)	1.1%	$127.15	+167.7%	COM CL A	92826C839
XOM	EXXON MOBIL CORP	61,369 (-5.2%)	$7,385 (+1.1%)	1.0%	$47.95	+140.9%	COM	30231G102
HCA	HCA HEALTHCARE INC	2,957 (-3.7%)	$1,381 (+5.4%)	0.2%	$248.02	+87.0%	COM	40412C101
ELV	ELEVANCE HEALTH INC FORMERLY	3,677 (-3.6%)	$1,289 (+4.6%)	0.2%	$455.20	-26.0%	COM	036752103
ACN	ACCENTURE PLC IRELAND	4,715 (-3.8%)	$1,265 (+4.6%)	0.2%	$297.36	-14.6%	SHS CLASS A	G1151C101
KO	COCA COLA CO	80,643 (-4.2%)	$5,638 (+1.0%)	0.8%	$49.81	+39.3%	COM	191216100
JNJ	JOHNSON & JOHNSON	8,541 (-11.6%)	$1,768 (-1.3%)	0.2%	$143.79	+37.0%	COM	478160104
BDX	BECTON DICKINSON & CO	25,039 (-3.8%)	$4,859 (-0.3%)	0.7%	$224.76	-15.7%	COM	075887109
TJX	TJX COS INC NEW	33,279 (-5.8%)	$5,112 (+0.1%)	0.7%	$55.73	+165.0%	COM	872540109

Unchanged Positions (1)

SHC SOTERA HEALTH CO 1.3%

Value ($000) $9,534 Shares 540,501 Est. Cost $12.81 Unrealized +29.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SHC	SOTERA HEALTH CO	540,501	$9,534	1.3%	$12.81	+29.1%	COM	83601L102