Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	31,886	$17.96M	2.6%	$563.29	—	com	30303M102
MCK	MC KESSON CORP	17,887	$13.52M	2.0%	$755.58	—	com	58155Q103
EADSY	AIRBUS SE UNSPONSORED ADR	208,448	$11.59M	1.7%	$55.60	—	com	009279100
ARES	ARES MANAGEMENT CORP	90,028	$10.02M	1.4%	$111.31	—	com	03990B101
OEF	S&P 100 INDEX	555	$203K	0.0%	$365.77	—	com	464287101

Increased Positions (4)

— INTERCONTINENTAL EXCHANGE 2.1%

Value $14.65M (+79.2%) Shares 119,011 (+128.9%) Est. Cost $109.06 Unrealized —

BKNG BOOKING HOLDINGS INC 7.4%

Value $51.15M (+2.4%) Shares 286,968 (+2320.0%) Est. Cost $274.42 Unrealized —

MO ALTRIA GROUP INC COM 0.1%

Value $788K (+10.4%) Shares 10,948 (+1.2%) Est. Cost $34.86 Unrealized —

WMT WALMART INC 0.0%

Value $246K (-4.3%) Shares 2,171 (+4.9%) Est. Cost $100.24 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	INTERCONTINENTAL EXCHANGE	119,011 (+128.9%)	$14.65M (+79.2%)	2.1%	$109.06	—	com	45866f104
BKNG	BOOKING HOLDINGS INC	286,968 (+2320.0%)	$51.15M (+2.4%)	7.4%	$274.42	—	com	09857L108
MO	ALTRIA GROUP INC COM	10,948 (+1.2%)	$788K (+10.4%)	0.1%	$34.86	—	com	02209S103
WMT	WALMART INC	2,171 (+4.9%)	$246K (-4.3%)	0.0%	$100.24	—	com	931142103

Exited Positions (5)

CSGP COSTAR GROUP INC 1.1%

Value $7.302M Shares 181,019 Est. Cost $75.84 Unrealized —

WAT WATERS CORP 0.7%

Value $5.069M Shares 17,023 Est. Cost $367.10 Unrealized —

DFUV DIMENSIONAL ETF TRUST US MKTWI 0.0%

Value $268K Shares 5,530 Est. Cost $44.73 Unrealized —

DFAT DIMENSIONAL US TARGETED VALUE 0.0%

Value $256K Shares 4,105 Est. Cost $58.15 Unrealized —

DFUS DIMENSIONAL US EQUITY 0.0%

Value $251K Shares 3,537 Est. Cost $72.38 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CSGP	COSTAR GROUP INC	181,019	$7.302M	1.1%	$75.84	—	—	22160N109
WAT	WATERS CORP	17,023	$5.069M	0.7%	$367.10	—	—	941848103
DFUV	DIMENSIONAL ETF TRUST US MKTWI	5,530	$268K	0.0%	$44.73	—	—	25434V724
DFAT	DIMENSIONAL US TARGETED VALUE	4,105	$256K	0.0%	$58.15	—	—	25434V609
DFUS	DIMENSIONAL US EQUITY	3,537	$251K	0.0%	$72.38	—	—	25434V401

Decreased Positions (26)

KD KYNDRYL HLDGS INC COMMON STOCK 2.9%

Value $19.93M (-53.8%) Shares 1,762,090 (-46.4%) Est. Cost $23.90 Unrealized —

GOOG ALPHABET INC CLASS C 4.1%

Value $28.52M (-33.9%) Shares 80,721 (-46.3%) Est. Cost $107.00 Unrealized —

BRO BROWN & BROWN INC COM 1.7%

Value $11.46M (-55.2%) Shares 178,632 (-54.5%) Est. Cost $80.96 Unrealized —

FCNCA FIRST CTZNS BANCSHARES CL A 3.5%

Value $23.93M (-26.7%) Shares 11,498 (-33.6%) Est. Cost $777.50 Unrealized —

WTW WILLIS TOWERS WATSON 6.6%

Value $45.59M (-13.0%) Shares 174,446 (-3.3%) Est. Cost $190.72 Unrealized —

— FIRST ADVANTAGE CORP 2.3%

Value $15.9M (+49.4%) Shares 881,185 (-2.7%) Est. Cost $18.66 Unrealized —

V VISA INC 7.9%

Value $54.34M (+9.6%) Shares 158,392 (-3.5%) Est. Cost $73.33 Unrealized —

AMZN AMAZON.COM INC 7.4%

Value $51.25M (+9.2%) Shares 215,016 (-4.6%) Est. Cost $111.30 Unrealized —

RYAAY RYANAIR HOLDINGS PLC SPONSORED 6.1%

Value $42.27M (+8.6%) Shares 652,808 (-3.0%) Est. Cost $68.80 Unrealized —

LB LANDBRIDGE COMPANY LLC CL A 4.4%

Value $30.45M (+10.6%) Shares 384,317 (-3.6%) Est. Cost $56.96 Unrealized —

PM PHILIP MORRIS INTL INC 5.0%

Value $34.71M (+6.1%) Shares 191,866 (-3.0%) Est. Cost $139.94 Unrealized —

TCEHY TENCENT HLDGS LTD ADR 1.5%

Value $10.54M (-15.7%) Shares 190,852 (-3.5%) Est. Cost $44.57 Unrealized —

BDX BECTON DICKINSON & CO 3.3%

Value $22.55M (-6.9%) Shares 148,992 (-3.2%) Est. Cost $167.83 Unrealized —

GOOGL ALPHABET INC CLASS A 3.1%

Value $21.61M (-6.9%) Shares 60,471 (-25.1%) Est. Cost $102.44 Unrealized —

DHR DANAHER CORP 4.3%

Value $29.97M (-4.8%) Shares 157,363 (-5.2%) Est. Cost $82.02 Unrealized —

TPL TEXAS PACIFIC LAND CORP 1.8%

Value $12.21M (-10.9%) Shares 27,906 (-3.4%) Est. Cost $247.57 Unrealized —

KKR KKR & CO LP 3.6%

Value $25.18M (-4.7%) Shares 274,368 (-3.9%) Est. Cost $116.57 Unrealized —

OWL BLUE OWL CAPITAL INC COM CL A 1.6%

Value $11.21M (-7.2%) Shares 1,280,899 (-3.2%) Est. Cost $13.21 Unrealized —

COF CAPITAL ONE FINANCIAL 1.8%

Value $12.78M (+6.6%) Shares 63,722 (-3.1%) Est. Cost $217.80 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC (D 0.5%

Value $3.744M (-13.1%) Shares 5 (-16.7%) Est. Cost $729330.75 Unrealized —

AAPL APPLE INC 1.0%

Value $6.629M (+8.6%) Shares 22,911 (-4.8%) Est. Cost $103.05 Unrealized —

IDXX IDEXX LABS INC 0.4%

Value $2.71M (-8.8%) Shares 5,149 (-2.7%) Est. Cost $79.98 Unrealized —

DOO BRP INC COM SUN VTG 0.0%

Value $262K (-21.6%) Shares 4,298 (-7.7%) Est. Cost $55.98 Unrealized —

CI CIGNA GROUP 4.6%

Value $32.12M (-0.1%) Shares 116,495 (-3.3%) Est. Cost $205.64 Unrealized —

PGR PROGRESSIVE CORP OHIO 0.0%

Value $310K (+8.4%) Shares 1,419 (-1.7%) Est. Cost $94.85 Unrealized —

BRK/B BERKSHIRE HATHAWAY B NEW CLASS 0.3%

Value $2.412M (+0.0%) Shares 4,821 (-4.2%) Est. Cost $165.25 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KD	KYNDRYL HLDGS INC COMMON STOCK	1,762,090 (-46.4%)	$19.93M (-53.8%)	2.9%	$23.90	—	com	50155Q100
GOOG	ALPHABET INC CLASS C	80,721 (-46.3%)	$28.52M (-33.9%)	4.1%	$107.00	—	com	02079K107
BRO	BROWN & BROWN INC COM	178,632 (-54.5%)	$11.46M (-55.2%)	1.7%	$80.96	—	com	115236101
FCNCA	FIRST CTZNS BANCSHARES CL A	11,498 (-33.6%)	$23.93M (-26.7%)	3.5%	$777.50	—	com	31946M103
WTW	WILLIS TOWERS WATSON	174,446 (-3.3%)	$45.59M (-13.0%)	6.6%	$190.72	—	com	G96629103
—	FIRST ADVANTAGE CORP	881,185 (-2.7%)	$15.9M (+49.4%)	2.3%	$18.66	—	com	31846b108
V	VISA INC	158,392 (-3.5%)	$54.34M (+9.6%)	7.9%	$73.33	—	com	92826C839
AMZN	AMAZON.COM INC	215,016 (-4.6%)	$51.25M (+9.2%)	7.4%	$111.30	—	com	023135106
RYAAY	RYANAIR HOLDINGS PLC SPONSORED	652,808 (-3.0%)	$42.27M (+8.6%)	6.1%	$68.80	—	com	783513203
LB	LANDBRIDGE COMPANY LLC CL A	384,317 (-3.6%)	$30.45M (+10.6%)	4.4%	$56.96	—	com	514952100
PM	PHILIP MORRIS INTL INC	191,866 (-3.0%)	$34.71M (+6.1%)	5.0%	$139.94	—	com	718172109
TCEHY	TENCENT HLDGS LTD ADR	190,852 (-3.5%)	$10.54M (-15.7%)	1.5%	$44.57	—	com	88032Q109
BDX	BECTON DICKINSON & CO	148,992 (-3.2%)	$22.55M (-6.9%)	3.3%	$167.83	—	com	075887109
GOOGL	ALPHABET INC CLASS A	60,471 (-25.1%)	$21.61M (-6.9%)	3.1%	$102.44	—	com	02079K305
DHR	DANAHER CORP	157,363 (-5.2%)	$29.97M (-4.8%)	4.3%	$82.02	—	com	235851102
TPL	TEXAS PACIFIC LAND CORP	27,906 (-3.4%)	$12.21M (-10.9%)	1.8%	$247.57	—	com	88262P102
KKR	KKR & CO LP	274,368 (-3.9%)	$25.18M (-4.7%)	3.6%	$116.57	—	com	48251W104
OWL	BLUE OWL CAPITAL INC COM CL A	1,280,899 (-3.2%)	$11.21M (-7.2%)	1.6%	$13.21	—	com	09581B103
COF	CAPITAL ONE FINANCIAL	63,722 (-3.1%)	$12.78M (+6.6%)	1.8%	$217.80	—	com	14040H105
BRK/A	BERKSHIRE HATHAWAY INC (D	5 (-16.7%)	$3.744M (-13.1%)	0.5%	$729330.75	—	com	084670108
AAPL	APPLE INC	22,911 (-4.8%)	$6.629M (+8.6%)	1.0%	$103.05	—	com	037833100
IDXX	IDEXX LABS INC	5,149 (-2.7%)	$2.71M (-8.8%)	0.4%	$79.98	—	com	45168D104
DOO	BRP INC COM SUN VTG	4,298 (-7.7%)	$262K (-21.6%)	0.0%	$55.98	—	com	05577W200
CI	CIGNA GROUP	116,495 (-3.3%)	$32.12M (-0.1%)	4.6%	$205.64	—	com	125523100
PGR	PROGRESSIVE CORP OHIO	1,419 (-1.7%)	$310K (+8.4%)	0.0%	$94.85	—	com	743315103
BRK/B	BERKSHIRE HATHAWAY B NEW CLASS	4,821 (-4.2%)	$2.412M (+0.0%)	0.3%	$165.25	—	com	084670702

Unchanged Positions (27)

CAT CATERPILLAR INC 0.3%

Value $2.226M Shares 2,091 Est. Cost $228.76 Unrealized —

CSCO CISCO SYSTEMS INC 0.1%

Value $796K Shares 6,773 Est. Cost $33.59 Unrealized —

IVV S&P 500 INDEX 0.2%

Value $1.713M Shares 2,287 Est. Cost $470.15 Unrealized —

IWB ISHARES TR RUSSELL 1000 RUSSEL 0.2%

Value $1.244M Shares 3,038 Est. Cost $108.26 Unrealized —

IYY ISHARES TR DJ TOTAL MKT US TOT 0.2%

Value $1.185M Shares 6,502 Est. Cost $95.75 Unrealized —

FNV FRANCO NEV CORP COM 0.1%

Value $823K Shares 3,946 Est. Cost $128.42 Unrealized —

IWM I SHARES RUSL 2000 0.1%

Value $649K Shares 2,160 Est. Cost $230.34 Unrealized —

SHW SHERWIN-WILLIAMS 0.2%

Value $1.343M Shares 3,900 Est. Cost $193.12 Unrealized —

CMI CUMMINS INC 0.1%

Value $375K Shares 526 Est. Cost $199.25 Unrealized —

MDY SPDR S&P MIDCAP 400 ETF 0.1%

Value $437K Shares 621 Est. Cost $494.78 Unrealized —

DE DEERE & CO 0.1%

Value $384K Shares 606 Est. Cost $369.25 Unrealized —

EFG ISHARES MSCI GWTH IDX FD 0.0%

Value $325K Shares 2,614 Est. Cost $86.35 Unrealized —

PEP PEPSICO INCORPORATED 0.0%

Value $222K Shares 1,640 Est. Cost $112.84 Unrealized —

UNP UNION PACIFIC CORP 0.0%

Value $300K Shares 1,103 Est. Cost $191.32 Unrealized —

— MERCK & CO INC NEW 0.1%

Value $477K Shares 3,711 Est. Cost $67.20 Unrealized —

CTTOF CTT CORREIOS DE PORTUG SHS 0.1%

Value $561K Shares 84,925 Est. Cost $2.94 Unrealized —

EFA ISHARES TR MSCI EAFE FD MSCI E 0.1%

Value $431K Shares 4,151 Est. Cost $74.83 Unrealized —

BN BROOKFIELD CORP 0.1%

Value $377K Shares 8,851 Est. Cost $30.10 Unrealized —

PBA PEMBINA PIPELINE CORP F 0.1%

Value $552K Shares 11,939 Est. Cost $16.65 Unrealized —

HD HOME DEPOT INC 0.0%

Value $251K Shares 712 Est. Cost $270.67 Unrealized —

JNJ JOHNSON & JOHNSON 0.1%

Value $378K Shares 1,490 Est. Cost $103.92 Unrealized —

MSFT MICROSOFT CORP 0.3%

Value $2.276M Shares 6,102 Est. Cost $107.21 Unrealized —

PG PROCTER & GAMBLE 0.1%

Value $633K Shares 4,319 Est. Cost $75.16 Unrealized —

— RICHARDS PACKAGING 0.0%

Value $332K Shares 16,300 Est. Cost $20.12 Unrealized —

AMGN AMGEN INCORPORATED 0.0%

Value $217K Shares 600 Est. Cost $349.67 Unrealized —

MDLZ MONDELEZ INTL INC 0.1%

Value $348K Shares 6,024 Est. Cost $37.64 Unrealized —

ADT ADT INC DEL COM 0.0%

Value $212K Shares 32,649 Est. Cost $6.60 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CAT	CATERPILLAR INC	2,091	$2.226M	0.3%	$228.76	—	com	149123101
CSCO	CISCO SYSTEMS INC	6,773	$796K	0.1%	$33.59	—	com	17275R102
IVV	S&P 500 INDEX	2,287	$1.713M	0.2%	$470.15	—	com	464287200
IWB	ISHARES TR RUSSELL 1000 RUSSEL	3,038	$1.244M	0.2%	$108.26	—	com	464287622
IYY	ISHARES TR DJ TOTAL MKT US TOT	6,502	$1.185M	0.2%	$95.75	—	com	464287846
FNV	FRANCO NEV CORP COM	3,946	$823K	0.1%	$128.42	—	com	351858105
IWM	I SHARES RUSL 2000	2,160	$649K	0.1%	$230.34	—	com	464287655
SHW	SHERWIN-WILLIAMS	3,900	$1.343M	0.2%	$193.12	—	com	824348106
CMI	CUMMINS INC	526	$375K	0.1%	$199.25	—	com	231021106
MDY	SPDR S&P MIDCAP 400 ETF	621	$437K	0.1%	$494.78	—	com	78467Y107
DE	DEERE & CO	606	$384K	0.1%	$369.25	—	com	244199105
EFG	ISHARES MSCI GWTH IDX FD	2,614	$325K	0.0%	$86.35	—	com	464288885
PEP	PEPSICO INCORPORATED	1,640	$222K	0.0%	$112.84	—	com	713448108
UNP	UNION PACIFIC CORP	1,103	$300K	0.0%	$191.32	—	com	907818108
—	MERCK & CO INC NEW	3,711	$477K	0.1%	$67.20	—	com	58933y105
CTTOF	CTT CORREIOS DE PORTUG SHS	84,925	$561K	0.1%	$2.94	—	com	X1R05J122
EFA	ISHARES TR MSCI EAFE FD MSCI E	4,151	$431K	0.1%	$74.83	—	com	464287465
BN	BROOKFIELD CORP	8,851	$377K	0.1%	$30.10	—	com	11271J107
PBA	PEMBINA PIPELINE CORP F	11,939	$552K	0.1%	$16.65	—	com	706327103
HD	HOME DEPOT INC	712	$251K	0.0%	$270.67	—	com	437076102
JNJ	JOHNSON & JOHNSON	1,490	$378K	0.1%	$103.92	—	com	478160104
MSFT	MICROSOFT CORP	6,102	$2.276M	0.3%	$107.21	—	com	594918104
PG	PROCTER & GAMBLE	4,319	$633K	0.1%	$75.16	—	com	742718109
—	RICHARDS PACKAGING	16,300	$332K	0.0%	$20.12	—	com	763102100
AMGN	AMGEN INCORPORATED	600	$217K	0.0%	$349.67	—	com	031162100
MDLZ	MONDELEZ INTL INC	6,024	$348K	0.1%	$37.64	—	com	609207105
ADT	ADT INC DEL COM	32,649	$212K	0.0%	$6.60	—	com	00090Q103