Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSCO	TRACTOR SUPPLY CO	45,965	$1.453M	1.1%	$31.61	—	COM	892356106
SPGI	S&P GLOBAL INC	1,634	$665K	0.5%	$407.26	—	COM	78409V104
CME	CME GROUP INC	2,858	$631K	0.5%	$220.83	—	COM	12572Q105
VLTO	VERALTO CORP	5,132	$455K	0.4%	$88.68	—	COM SHS	92338C103
PAYP	PAYPAY CORP	25,010	$358K	0.3%	$14.33	—	SPONSORED ADS	70450C101
MCK	MCKESSON CORP	376	$284K	0.2%	$755.60	—	COM	58155Q103

Increased Positions (22)

BRK/B BERKSHIRE HATHAWAY INC DEL 5.1%

Value $6.606M (+18.6%) Shares 13,202 (+13.6%) Est. Cost $466.35 Unrealized —

ACN ACCENTURE PLC IRELAND 1.3%

Value $1.726M (-27.3%) Shares 13,867 (+15.8%) Est. Cost $300.06 Unrealized —

BMI BADGER METER INC 1.2%

Value $1.609M (+49.2%) Shares 10,843 (+53.2%) Est. Cost $157.12 Unrealized —

LMT LOCKHEED MARTIN CORP 2.5%

Value $3.264M (-13.9%) Shares 6,406 (+2.2%) Est. Cost $526.82 Unrealized —

ADP AUTOMATIC DATA PROCESSING IN 1.5%

Value $1.923M (+30.1%) Shares 8,588 (+18.0%) Est. Cost $256.11 Unrealized —

OTIS OTIS WORLDWIDE CORP 0.9%

Value $1.199M (+38.5%) Shares 16,751 (+49.1%) Est. Cost $85.38 Unrealized —

GGG GRACO INC 0.4%

Value $557K (+105.5%) Shares 7,372 (+130.0%) Est. Cost $78.59 Unrealized —

ZTS ZOETIS INC 0.6%

Value $739K (-27.3%) Shares 10,287 (+19.6%) Est. Cost $120.26 Unrealized —

MA MASTERCARD INCORPORATED 1.3%

Value $1.631M (+17.6%) Shares 3,175 (+14.4%) Est. Cost $521.46 Unrealized —

TYL TYLER TECHNOLOGIES INC 0.6%

Value $734K (+47.4%) Shares 2,510 (+72.5%) Est. Cost $346.13 Unrealized —

BSY BENTLEY SYS INC 0.8%

Value $995K (+26.7%) Shares 33,275 (+48.9%) Est. Cost $34.08 Unrealized —

DHR DANAHER CORP DEL 1.0%

Value $1.302M (+14.4%) Shares 6,835 (+13.8%) Est. Cost $209.91 Unrealized —

MSFT MICROSOFT CORP 4.7%

Value $6.009M (+2.6%) Shares 16,109 (+1.8%) Est. Cost $421.46 Unrealized —

OLLI OLLIES BARGAIN OUTLET HLDGS 0.4%

Value $485K (+45.2%) Shares 6,308 (+73.8%) Est. Cost $97.23 Unrealized —

WRB BERKLEY W R CORP 1.4%

Value $1.795M (+8.7%) Shares 25,455 (+2.1%) Est. Cost $58.17 Unrealized —

BR BROADRIDGE FINL SOLUTIONS IN 0.8%

Value $1.024M (-12.2%) Shares 7,477 (+4.2%) Est. Cost $203.18 Unrealized —

CPRT COPART INC 0.6%

Value $737K (+21.4%) Shares 26,132 (+42.9%) Est. Cost $44.25 Unrealized —

AOS SMITH A O CORP 1.1%

Value $1.392M (+9.4%) Shares 22,196 (+15.0%) Est. Cost $69.49 Unrealized —

MKL MARKEL GROUP INC 0.3%

Value $340K (+49.2%) Shares 174 (+46.2%) Est. Cost $2008.86 Unrealized —

JNJ JOHNSON & JOHNSON 1.0%

Value $1.333M (+7.1%) Shares 5,249 (+3.1%) Est. Cost $152.69 Unrealized —

ALLE ALLEGION PLC 2.6%

Value $3.329M (+0.7%) Shares 23,696 (+4.1%) Est. Cost $139.10 Unrealized —

FISV FISERV INC 0.2%

Value $268K (-3.1%) Shares 5,454 (+10.2%) Est. Cost $180.05 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	13,202 (+13.6%)	$6.606M (+18.6%)	5.1%	$466.35	—	CL B NEW	084670702
ACN	ACCENTURE PLC IRELAND	13,867 (+15.8%)	$1.726M (-27.3%)	1.3%	$300.06	—	SHS CLASS A	G1151C101
BMI	BADGER METER INC	10,843 (+53.2%)	$1.609M (+49.2%)	1.2%	$157.12	—	COM	056525108
LMT	LOCKHEED MARTIN CORP	6,406 (+2.2%)	$3.264M (-13.9%)	2.5%	$526.82	—	COM	539830109
ADP	AUTOMATIC DATA PROCESSING IN	8,588 (+18.0%)	$1.923M (+30.1%)	1.5%	$256.11	—	COM	053015103
OTIS	OTIS WORLDWIDE CORP	16,751 (+49.1%)	$1.199M (+38.5%)	0.9%	$85.38	—	COM	68902V107
GGG	GRACO INC	7,372 (+130.0%)	$557K (+105.5%)	0.4%	$78.59	—	COM	384109104
ZTS	ZOETIS INC	10,287 (+19.6%)	$739K (-27.3%)	0.6%	$120.26	—	CL A	98978V103
MA	MASTERCARD INCORPORATED	3,175 (+14.4%)	$1.631M (+17.6%)	1.3%	$521.46	—	CL A	57636Q104
TYL	TYLER TECHNOLOGIES INC	2,510 (+72.5%)	$734K (+47.4%)	0.6%	$346.13	—	COM	902252105
BSY	BENTLEY SYS INC	33,275 (+48.9%)	$995K (+26.7%)	0.8%	$34.08	—	COM CL B	08265T208
DHR	DANAHER CORP DEL	6,835 (+13.8%)	$1.302M (+14.4%)	1.0%	$209.91	—	COM	235851102
MSFT	MICROSOFT CORP	16,109 (+1.8%)	$6.009M (+2.6%)	4.7%	$421.46	—	COM	594918104
OLLI	OLLIES BARGAIN OUTLET HLDGS	6,308 (+73.8%)	$485K (+45.2%)	0.4%	$97.23	—	COM	681116109
WRB	BERKLEY W R CORP	25,455 (+2.1%)	$1.795M (+8.7%)	1.4%	$58.17	—	COM	084423102
BR	BROADRIDGE FINL SOLUTIONS IN	7,477 (+4.2%)	$1.024M (-12.2%)	0.8%	$203.18	—	COM	11133T103
CPRT	COPART INC	26,132 (+42.9%)	$737K (+21.4%)	0.6%	$44.25	—	COM	217204106
AOS	SMITH A O CORP	22,196 (+15.0%)	$1.392M (+9.4%)	1.1%	$69.49	—	COM	831865209
MKL	MARKEL GROUP INC	174 (+46.2%)	$340K (+49.2%)	0.3%	$2008.86	—	COM	570535104
JNJ	JOHNSON & JOHNSON	5,249 (+3.1%)	$1.333M (+7.1%)	1.0%	$152.69	—	COM	478160104
ALLE	ALLEGION PLC	23,696 (+4.1%)	$3.329M (+0.7%)	2.6%	$139.10	—	ORD SHS	G0176J109
FISV	FISERV INC	5,454 (+10.2%)	$268K (-3.1%)	0.2%	$180.05	—	COM	337738108

Exited Positions (4)

KEYS KEYSIGHT TECHNOLOGIES INC 0.7%

Value $946K Shares 3,350 Est. Cost $161.18 Unrealized —

ROK ROCKWELL AUTOMATION INC 0.5%

Value $679K Shares 1,891 Est. Cost $277.44 Unrealized —

LFUS LITTELFUSE INC 0.5%

Value $618K Shares 1,820 Est. Cost $249.42 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.3%

Value $361K Shares 1,335 Est. Cost $552.89 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KEYS	KEYSIGHT TECHNOLOGIES INC	3,350	$946K	0.7%	$161.18	—	—	49338L103
ROK	ROCKWELL AUTOMATION INC	1,891	$679K	0.5%	$277.44	—	—	773903109
LFUS	LITTELFUSE INC	1,820	$618K	0.5%	$249.42	—	—	537008104
UNH	UNITEDHEALTH GROUP INC	1,335	$361K	0.3%	$552.89	—	—	91324P102

Decreased Positions (18)

SHV ISHARES TR 13.8%

Value $17.78M (-11.7%) Shares 161,125 (-11.7%) Est. Cost $110.16 Unrealized —

BIL SPDR SERIES TRUST 0.5%

Value $669K (-72.2%) Shares 7,305 (-72.2%) Est. Cost $91.73 Unrealized —

CMI CUMMINS INC 2.9%

Value $3.725M (-17.9%) Shares 5,223 (-38.0%) Est. Cost $343.44 Unrealized —

INTU INTUIT 0.7%

Value $910K (-41.3%) Shares 3,487 (-2.8%) Est. Cost $497.56 Unrealized —

WST WEST PHARMACEUTICAL SVSC INC 1.4%

Value $1.801M (+30.2%) Shares 5,016 (-9.1%) Est. Cost $252.11 Unrealized —

FIX COMFORT SYS USA INC 1.0%

Value $1.348M (-17.2%) Shares 680 (-42.4%) Est. Cost $419.46 Unrealized —

APH AMPHENOL CORP 1.4%

Value $1.799M (-12.1%) Shares 10,205 (-37.0%) Est. Cost $72.96 Unrealized —

CSCO CISCO SYS INC 1.4%

Value $1.815M (-12.0%) Shares 15,450 (-41.9%) Est. Cost $55.37 Unrealized —

SHY ISHARES TR 0.4%

Value $526K (-30.4%) Shares 6,400 (-30.1%) Est. Cost $81.98 Unrealized —

CHKP CHECK POINT SOFTWARE TECH LT 1.1%

Value $1.411M (-13.0%) Shares 10,738 (-5.5%) Est. Cost $191.87 Unrealized —

CRM SALESFORCE INC 0.5%

Value $706K (-21.3%) Shares 4,506 (-6.2%) Est. Cost $267.96 Unrealized —

TEL TE CONNECTIVITY PLC 0.5%

Value $692K (-15.8%) Shares 3,430 (-12.7%) Est. Cost $150.92 Unrealized —

STE STERIS PLC 0.6%

Value $769K (-13.4%) Shares 3,650 (-9.1%) Est. Cost $255.43 Unrealized —

NDSN NORDSON CORP 1.2%

Value $1.565M (-4.9%) Shares 5,187 (-16.2%) Est. Cost $219.01 Unrealized —

A AGILENT TECHNOLOGIES INC 0.9%

Value $1.215M (+5.6%) Shares 9,148 (-9.4%) Est. Cost $126.11 Unrealized —

ICLR ICON PUB LTD CO 0.4%

Value $464K (-10.3%) Shares 2,670 (-42.8%) Est. Cost $194.95 Unrealized —

IEX IDEX CORP 0.8%

Value $1.012M (-2.2%) Shares 4,458 (-18.3%) Est. Cost $173.69 Unrealized —

SGOV ISHARES TR 1.0%

Value $1.335M (-1.5%) Shares 13,266 (-1.5%) Est. Cost $100.66 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SHV	ISHARES TR	161,125 (-11.7%)	$17.78M (-11.7%)	13.8%	$110.16	—	TRUST ISHARE 0-1	464288679
BIL	SPDR SERIES TRUST	7,305 (-72.2%)	$669K (-72.2%)	0.5%	$91.73	—	ST STR BLO 1 ETF	78468R663
CMI	CUMMINS INC	5,223 (-38.0%)	$3.725M (-17.9%)	2.9%	$343.44	—	COM	231021106
INTU	INTUIT	3,487 (-2.8%)	$910K (-41.3%)	0.7%	$497.56	—	COM	461202103
WST	WEST PHARMACEUTICAL SVSC INC	5,016 (-9.1%)	$1.801M (+30.2%)	1.4%	$252.11	—	COM	955306105
FIX	COMFORT SYS USA INC	680 (-42.4%)	$1.348M (-17.2%)	1.0%	$419.46	—	COM	199908104
APH	AMPHENOL CORP	10,205 (-37.0%)	$1.799M (-12.1%)	1.4%	$72.96	—	CL A	032095101
CSCO	CISCO SYS INC	15,450 (-41.9%)	$1.815M (-12.0%)	1.4%	$55.37	—	COM	17275R102
SHY	ISHARES TR	6,400 (-30.1%)	$526K (-30.4%)	0.4%	$81.98	—	1 3 YR TREAS BD	464287457
CHKP	CHECK POINT SOFTWARE TECH LT	10,738 (-5.5%)	$1.411M (-13.0%)	1.1%	$191.87	—	ORD	M22465104
CRM	SALESFORCE INC	4,506 (-6.2%)	$706K (-21.3%)	0.5%	$267.96	—	COM	79466L302
TEL	TE CONNECTIVITY PLC	3,430 (-12.7%)	$692K (-15.8%)	0.5%	$150.92	—	ORD SHS	G87052109
STE	STERIS PLC	3,650 (-9.1%)	$769K (-13.4%)	0.6%	$255.43	—	SHS USD	G8473T100
NDSN	NORDSON CORP	5,187 (-16.2%)	$1.565M (-4.9%)	1.2%	$219.01	—	COM	655663102
A	AGILENT TECHNOLOGIES INC	9,148 (-9.4%)	$1.215M (+5.6%)	0.9%	$126.11	—	COM	00846U101
ICLR	ICON PUB LTD CO	2,670 (-42.8%)	$464K (-10.3%)	0.4%	$194.95	—	SHS	G4705A100
IEX	IDEX CORP	4,458 (-18.3%)	$1.012M (-2.2%)	0.8%	$173.69	—	COM	45167R104
SGOV	ISHARES TR	13,266 (-1.5%)	$1.335M (-1.5%)	1.0%	$100.66	—	0-3 MTH TREASURY	46436E718

Unchanged Positions (33)

GOOGL ALPHABET INC 2.3%

Value $3.02M Shares 8,452 Est. Cost $174.14 Unrealized —

NOC NORTHROP GRUMMAN CORP 1.2%

Value $1.601M Shares 3,144 Est. Cost $492.97 Unrealized —

AAPL APPLE INC 3.1%

Value $4.031M Shares 13,929 Est. Cost $234.51 Unrealized —

HSY HERSHEY CO 2.1%

Value $2.666M Shares 15,196 Est. Cost $172.63 Unrealized —

V VISA INC 2.3%

Value $3.032M Shares 8,837 Est. Cost $298.74 Unrealized —

AME AMETEK INC 2.1%

Value $2.759M Shares 11,405 Est. Cost $178.04 Unrealized —

TJX TJX COS INC NEW 4.0%

Value $5.13M Shares 33,862 Est. Cost $117.72 Unrealized —

ELV ELEVANCE HEALTH INC FORMERLY 0.8%

Value $1.094M Shares 2,830 Est. Cost $409.27 Unrealized —

AMZN AMAZON COM INC 1.2%

Value $1.587M Shares 6,659 Est. Cost $204.58 Unrealized —

ULTA ULTA BEAUTY INC 0.9%

Value $1.181M Shares 2,619 Est. Cost $387.42 Unrealized —

NKE NIKE INC 0.5%

Value $653K Shares 15,904 Est. Cost $73.14 Unrealized —

GOOG ALPHABET INC 0.7%

Value $919K Shares 2,600 Est. Cost $175.67 Unrealized —

ADBE ADOBE INC 0.5%

Value $659K Shares 3,214 Est. Cost $436.28 Unrealized —

WAT WATERS CORP 0.4%

Value $563K Shares 1,500 Est. Cost $365.79 Unrealized —

SSD SIMPSON MFG INC 0.5%

Value $630K Shares 3,010 Est. Cost $168.74 Unrealized —

NXPI NXP SEMICONDUCTORS N V 0.3%

Value $358K Shares 1,275 Est. Cost $222.56 Unrealized —

SAP SAP SE 0.7%

Value $881K Shares 5,718 Est. Cost $246.21 Unrealized —

ROST ROSS STORES INC 4.3%

Value $5.505M Shares 25,863 Est. Cost $145.04 Unrealized —

PH PARKER-HANNIFIN CORP 0.8%

Value $1.042M Shares 1,065 Est. Cost $655.15 Unrealized —

SGOL ETFS GOLD TR 0.4%

Value $492K Shares 12,875 Est. Cost $25.05 Unrealized —

CHRW C H ROBINSON WORLDWIDE IN 0.4%

Value $571K Shares 3,030 Est. Cost $104.85 Unrealized —

MSI MOTOROLA SOLUTIONS INC 1.1%

Value $1.402M Shares 3,375 Est. Cost $468.46 Unrealized —

CSL CARLISLE COS INC 0.6%

Value $727K Shares 2,005 Est. Cost $367.43 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.6%

Value $828K Shares 885 Est. Cost $922.64 Unrealized —

LMAT LEMAITRE VASCULAR INC 0.2%

Value $281K Shares 2,933 Est. Cost $87.13 Unrealized —

WMT WALMART INC 0.3%

Value $385K Shares 3,400 Est. Cost $85.80 Unrealized —

GD GENERAL DYNAMICS CORP 0.9%

Value $1.133M Shares 3,199 Est. Cost $281.95 Unrealized —

PRU PRUDENTIAL FINL INC 0.3%

Value $324K Shares 3,000 Est. Cost $116.71 Unrealized —

CI THE CIGNA GROUP 0.5%

Value $695K Shares 2,520 Est. Cost $311.40 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.8%

Value $1.008M Shares 2,011 Est. Cost $461.02 Unrealized —

MTD METTLER TOLEDO INTERNATIONAL 0.8%

Value $1.031M Shares 807 Est. Cost $1117.50 Unrealized —

AMGN AMGEN INC 0.2%

Value $222K Shares 614 Est. Cost $315.95 Unrealized —

VRSN VERISIGN INC 0.2%

Value $259K Shares 1,030 Est. Cost $186.70 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	8,452	$3.02M	2.3%	$174.14	—	CAP STK CL A	02079K305
NOC	NORTHROP GRUMMAN CORP	3,144	$1.601M	1.2%	$492.97	—	COM	666807102
AAPL	APPLE INC	13,929	$4.031M	3.1%	$234.51	—	COM	037833100
HSY	HERSHEY CO	15,196	$2.666M	2.1%	$172.63	—	COM	427866108
V	VISA INC	8,837	$3.032M	2.3%	$298.74	—	COM CL A	92826C839
AME	AMETEK INC	11,405	$2.759M	2.1%	$178.04	—	COM	031100100
TJX	TJX COS INC NEW	33,862	$5.13M	4.0%	$117.72	—	COM	872540109
ELV	ELEVANCE HEALTH INC FORMERLY	2,830	$1.094M	0.8%	$409.27	—	COM	036752103
AMZN	AMAZON COM INC	6,659	$1.587M	1.2%	$204.58	—	COM	023135106
ULTA	ULTA BEAUTY INC	2,619	$1.181M	0.9%	$387.42	—	COM	90384S303
NKE	NIKE INC	15,904	$653K	0.5%	$73.14	—	CL B	654106103
GOOG	ALPHABET INC	2,600	$919K	0.7%	$175.67	—	CAP STK CL C	02079K107
ADBE	ADOBE INC	3,214	$659K	0.5%	$436.28	—	COM	00724F101
WAT	WATERS CORP	1,500	$563K	0.4%	$365.79	—	COM	941848103
SSD	SIMPSON MFG INC	3,010	$630K	0.5%	$168.74	—	COM	829073105
NXPI	NXP SEMICONDUCTORS N V	1,275	$358K	0.3%	$222.56	—	COM	N6596X109
SAP	SAP SE	5,718	$881K	0.7%	$246.21	—	SPON ADR	803054204
ROST	ROSS STORES INC	25,863	$5.505M	4.3%	$145.04	—	COM	778296103
PH	PARKER-HANNIFIN CORP	1,065	$1.042M	0.8%	$655.15	—	COM	701094104
SGOL	ETFS GOLD TR	12,875	$492K	0.4%	$25.05	—	PHYSCL GOLD SHS	00326A104
CHRW	C H ROBINSON WORLDWIDE IN	3,030	$571K	0.4%	$104.85	—	COM NEW	12541W209
MSI	MOTOROLA SOLUTIONS INC	3,375	$1.402M	1.1%	$468.46	—	COM NEW	620076307
CSL	CARLISLE COS INC	2,005	$727K	0.6%	$367.43	—	COM	142339100
COST	COSTCO WHOLESALE CORPORATION	885	$828K	0.6%	$922.64	—	COM	22160K105
LMAT	LEMAITRE VASCULAR INC	2,933	$281K	0.2%	$87.13	—	COM	525558201
WMT	WALMART INC	3,400	$385K	0.3%	$85.80	—	COM	931142103
GD	GENERAL DYNAMICS CORP	3,199	$1.133M	0.9%	$281.95	—	COM	369550108
PRU	PRUDENTIAL FINL INC	3,000	$324K	0.3%	$116.71	—	COM	744320102
CI	THE CIGNA GROUP	2,520	$695K	0.5%	$311.40	—	COM	125523100
TMO	THERMO FISHER SCIENTIFIC INC	2,011	$1.008M	0.8%	$461.02	—	COM	883556102
MTD	METTLER TOLEDO INTERNATIONAL	807	$1.031M	0.8%	$1117.50	—	COM	592688105
AMGN	AMGEN INC	614	$222K	0.2%	$315.95	—	COM	031162100
VRSN	VERISIGN INC	1,030	$259K	0.2%	$186.70	—	COM	92343E102