Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XOM	EXXONMOBIL HOLDINGS	250,435	$40.76M	0.2%	$162.75	$162.75	—	COM	30233Q108
GGG	GRACO	363,093	$27.9M	0.1%	$76.84	$78.15	-1.7%	COM	384109104
SNPS	SYNOPSYS	63,405	$27.58M	0.1%	$434.94	$407.79	+6.7%	COM	871607107
MU	MICRON TECHNOLOGY	14,585	$15.53M	0.1%	$1065.11	$949.89	+12.1%	COM	595112103
ISRG	INTUITIVE SURGICAL	7,125	$2.897M	0.0%	$406.63	$381.72	+6.5%	COM	46120E602
FAST	FASTENAL	16,455	$815K	0.0%	$49.53	$49.00	+1.1%	COM	311900104
DE	DEERE & CO.	501	$336K	0.0%	$671.55	$636.05	+5.6%	COM	244199105

Increased Positions (25)

META META PLATFORMS 3.0%

Value $592M (+178.3%) Shares 815,848 (+116.2%) Share Price $725.18 Est. Cost/Share $532.60 Unrealized @ Report Date +36.2%

ADI ANALOG DEVICES 2.9%

Value $566M (+162.2%) Shares 1,425,670 (+162.5%) Share Price $396.71 Est. Cost/Share $321.24 Unrealized @ Report Date +23.5%

SYK STRYKER 3.4%

Value $668M (+43.9%) Shares 2,426,432 (+64.5%) Share Price $275.39 Est. Cost/Share $309.94 Unrealized @ Report Date -11.1%

APH AMPHENOL 4.1%

Value $797M (-20.1%) Shares 9,455,421 (+67.1%) Share Price $84.30 Est. Cost/Share $82.84 Unrealized @ Report Date +1.8%

MDT MEDTRONIC 0.8%

Value $163M (+91.7%) Shares 1,892,980 (+73.8%) Share Price $86.29 Est. Cost/Share $82.93 Unrealized @ Report Date +4.1%

MCD MCDONALDS 1.2%

Value $233M (+38.4%) Shares 1,009,034 (+62.0%) Share Price $230.94 Est. Cost/Share $271.56 Unrealized @ Report Date -15.0%

ROP ROPER TECHNOLOGIES 2.5%

Value $492M (+9.6%) Shares 1,406,691 (+6.2%) Share Price $349.41 Est. Cost/Share $484.78 Unrealized @ Report Date -27.9%

AMAT APPLIED MATERIALS 0.6%

Value $114M (-23.9%) Shares 222,505 (+7.6%) Share Price $511.38 Est. Cost/Share $203.20 Unrealized @ Report Date +151.7%

LIN LINDE 2.1%

Value $411M (-6.3%) Shares 865,769 (+2.5%) Share Price $474.65 Est. Cost/Share $446.39 Unrealized @ Report Date +6.3%

NDAQ NASDAQ 0.4%

Value $88.43M (+25.8%) Shares 961,066 (+7.8%) Share Price $92.01 Est. Cost/Share $64.23 Unrealized @ Report Date +43.2%

COP CONOCOPHILLIPS 0.1%

Value $16.02M (+551.9%) Shares 128,017 (+441.5%) Share Price $125.15 Est. Cost/Share $120.87 Unrealized @ Report Date +3.5%

VRSK VERISK ANALYTICS 0.3%

Value $67.26M (+15.8%) Shares 400,699 (+23.9%) Share Price $167.85 Est. Cost/Share $207.74 Unrealized @ Report Date -19.2%

TTE TOTALENERGIES 0.2%

Value $39.13M (+26.7%) Shares 456,239 (+14.8%) Share Price $85.77 Est. Cost/Share $66.24 Unrealized @ Report Date +29.1%

CDNS CADENCE DESIGN SYSTEMS 0.0%

Value $8.799M (+1401.9%) Shares 26,650 (+1607.2%) Share Price $330.18 Est. Cost/Share $326.58 Unrealized @ Report Date +1.1%

MSCI MSCI 0.5%

Value $100M (+5.8%) Shares 186,218 (+10.0%) Share Price $538.66 Est. Cost/Share $499.26 Unrealized @ Report Date +7.9%

HD HOME DEPOT 0.4%

Value $72.72M (+7.4%) Shares 255,620 (+33.2%) Share Price $284.49 Est. Cost/Share $317.57 Unrealized @ Report Date -10.4%

DG DOLLAR GENERAL 0.4%

Value $86.18M (+6.2%) Shares 720,715 (+2.2%) Share Price $119.58 Est. Cost/Share $169.80 Unrealized @ Report Date -29.6%

FTNT FORTINET 0.0%

Value $6.416M (+198.5%) Shares 35,890 (+156.6%) Share Price $178.76 Est. Cost/Share $132.91 Unrealized @ Report Date +34.5%

TSM TAIWAN SEMICONDUCTOR ADR 0.9%

Value $180M (-2.3%) Shares 394,920 (+2.3%) Share Price $456.19 Est. Cost/Share $283.15 Unrealized @ Report Date +61.1%

CPRT COPART 0.4%

Value $72.01M (+2.1%) Shares 2,639,677 (+5.5%) Share Price $27.28 Est. Cost/Share $44.42 Unrealized @ Report Date -38.6%

DIS WALT DISNEY 0.1%

Value $10.84M (+10.8%) Shares 103,330 (+1.7%) Share Price $104.90 Est. Cost/Share $119.73 Unrealized @ Report Date -12.4%

AXP AMERICAN EXPRESS 0.2%

Value $31.69M (+2.8%) Shares 104,215 (+14.3%) Share Price $304.10 Est. Cost/Share $203.13 Unrealized @ Report Date +49.7%

MCO MOODY'S 0.1%

Value $11.71M (+6.7%) Shares 25,790 (+6.4%) Share Price $454.13 Est. Cost/Share $312.64 Unrealized @ Report Date +45.3%

CHKP CHECK POINT SOFTWARE 0.0%

Value $1.35M (+78.4%) Shares 10,517 (+82.7%) Share Price $128.35 Est. Cost/Share $168.09 Unrealized @ Report Date -23.6%

HDB HDFC BANK ADR 0.1%

Value $29.43M (+0.0%) Shares 1,317,360 (+15.6%) Share Price $22.34 Est. Cost/Share $29.92 Unrealized @ Report Date -25.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
META	META PLATFORMS	815,848 (+116.2%)	$592M (+178.3%)	3.0%	$725.18	$532.60	+36.2%	COM	30303M102
ADI	ANALOG DEVICES	1,425,670 (+162.5%)	$566M (+162.2%)	2.9%	$396.71	$321.24	+23.5%	COM	032654105
SYK	STRYKER	2,426,432 (+64.5%)	$668M (+43.9%)	3.4%	$275.39	$309.94	-11.1%	COM	863667101
APH	AMPHENOL	9,455,421 (+67.1%)	$797M (-20.1%)	4.1%	$84.30	$82.84	+1.8%	COM	032095101
MDT	MEDTRONIC	1,892,980 (+73.8%)	$163M (+91.7%)	0.8%	$86.29	$82.93	+4.1%	COM	G5960L103
MCD	MCDONALDS	1,009,034 (+62.0%)	$233M (+38.4%)	1.2%	$230.94	$271.56	-15.0%	COM	580135101
ROP	ROPER TECHNOLOGIES	1,406,691 (+6.2%)	$492M (+9.6%)	2.5%	$349.41	$484.78	-27.9%	COM	776696106
AMAT	APPLIED MATERIALS	222,505 (+7.6%)	$114M (-23.9%)	0.6%	$511.38	$203.20	+151.7%	COM	038222105
LIN	LINDE	865,769 (+2.5%)	$411M (-6.3%)	2.1%	$474.65	$446.39	+6.3%	COM	G54950103
NDAQ	NASDAQ	961,066 (+7.8%)	$88.43M (+25.8%)	0.4%	$92.01	$64.23	+43.2%	COM	631103108
COP	CONOCOPHILLIPS	128,017 (+441.5%)	$16.02M (+551.9%)	0.1%	$125.15	$120.87	+3.5%	COM	20825C104
VRSK	VERISK ANALYTICS	400,699 (+23.9%)	$67.26M (+15.8%)	0.3%	$167.85	$207.74	-19.2%	COM	92345Y106
TTE	TOTALENERGIES	456,239 (+14.8%)	$39.13M (+26.7%)	0.2%	$85.77	$66.24	+29.1%	COM	F92124100
CDNS	CADENCE DESIGN SYSTEMS	26,650 (+1607.2%)	$8.799M (+1401.9%)	0.0%	$330.18	$326.58	+1.1%	COM	127387108
MSCI	MSCI	186,218 (+10.0%)	$100M (+5.8%)	0.5%	$538.66	$499.26	+7.9%	COM	55354G100
HD	HOME DEPOT	255,620 (+33.2%)	$72.72M (+7.4%)	0.4%	$284.49	$317.57	-10.4%	COM	437076102
DG	DOLLAR GENERAL	720,715 (+2.2%)	$86.18M (+6.2%)	0.4%	$119.58	$169.80	-29.6%	COM	256677105
FTNT	FORTINET	35,890 (+156.6%)	$6.416M (+198.5%)	0.0%	$178.76	$132.91	+34.5%	COM	34959E109
TSM	TAIWAN SEMICONDUCTOR ADR	394,920 (+2.3%)	$180M (-2.3%)	0.9%	$456.19	$283.15	+61.1%	COM	874039100
CPRT	COPART	2,639,677 (+5.5%)	$72.01M (+2.1%)	0.4%	$27.28	$44.42	-38.6%	COM	217204106
DIS	WALT DISNEY	103,330 (+1.7%)	$10.84M (+10.8%)	0.1%	$104.90	$119.73	-12.4%	COM	254687106
AXP	AMERICAN EXPRESS	104,215 (+14.3%)	$31.69M (+2.8%)	0.2%	$304.10	$203.13	+49.7%	COM	025816109
MCO	MOODY'S	25,790 (+6.4%)	$11.71M (+6.7%)	0.1%	$454.13	$312.64	+45.3%	COM	615369105
CHKP	CHECK POINT SOFTWARE	10,517 (+82.7%)	$1.35M (+78.4%)	0.0%	$128.35	$168.09	-23.6%	COM	M22465104
HDB	HDFC BANK ADR	1,317,360 (+15.6%)	$29.43M (+0.0%)	0.1%	$22.34	$29.92	-25.3%	COM	40415F101

Exited Positions (16)

XOM EXXON MOBIL 0.2%

Value $32.32M Shares 236,431 Share Price $136.72 * Est. Cost/Share $85.55 Unrealized @ Report Date +90.2%

MKTX MARKETAXESS 0.0%

Value $8.512M Shares 75,000 Share Price $113.49 * Est. Cost/Share $194.87 Unrealized @ Report Date -15.9%

NU NU HOLDINGS 0.0%

Value $5.344M Shares 400,000 Share Price $13.36 * Est. Cost/Share $8.45 Unrealized @ Report Date +49.8%

IBN ICICI BANK ADR 0.0%

Value $3.338M Shares 115,000 Share Price $29.03 * Est. Cost/Share $26.44 Unrealized @ Report Date +4.2%

MMYT MAKEMYTRIP 0.0%

Value $2.664M Shares 50,000 Share Price $53.29 * Est. Cost/Share $74.92 Unrealized @ Report Date -37.0%

CPNG COUPANG 0.0%

Value $2.084M Shares 120,000 Share Price $17.37 * Est. Cost/Share $22.08 Unrealized @ Report Date -37.2%

FMX FEMSA ADR 0.0%

Value $1.982M Shares 15,500 Share Price $127.90 * Est. Cost/Share $114.25 Unrealized @ Report Date +3.8%

SE SEA ADR 0.0%

Value $1.725M Shares 18,000 Share Price $95.83 Est. Cost/Share $137.88 Unrealized @ Report Date -29.4%

YUMC YUM CHINA HOLDINGS 0.0%

Value $1.43M Shares 35,000 Share Price $40.87 Est. Cost/Share $49.04 Unrealized @ Report Date -16.2%

— 3,125 JAZZ INVESTMENTS 15.09.2030 0.0%

Value $1.201M Shares 700,000 Share Price $1.72 Est. Cost/Share $1.72 Unrealized @ Report Date —

TCOM TRIP.COM GROUP ADR 0.0%

Value $1.195M Shares 30,000 Share Price $39.84 Est. Cost/Share $60.84 Unrealized @ Report Date -35.7%

NTES NETEASE ADR 0.0%

Value $1.089M Shares 8,500 Share Price $128.14 * Est. Cost/Share $101.10 Unrealized @ Report Date +19.8%

— 0,250 ETSY 15.06.2028 0.0%

Value $1.006M Shares 1,100,000 Share Price $0.91 Est. Cost/Share $0.73 Unrealized @ Report Date —

EL ESTEE LAUDER 0.0%

Value $501K Shares 6,349 Share Price $78.95 * Est. Cost/Share $80.77 Unrealized @ Report Date +14.9%

— 0,125 SNAP 01.03.2028 0.0%

Value $278K Shares 300,000 Share Price $0.93 Est. Cost/Share $0.71 Unrealized @ Report Date —

PDD PINDUODUO ADR 0.0%

Value $236K Shares 3,095 Share Price $76.28 * Est. Cost/Share $118.81 Unrealized @ Report Date -34.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XOM	EXXON MOBIL	236,431	$32.32M	0.2%	$136.72 *	$85.55	+90.2%	—	30231G102
MKTX	MARKETAXESS	75,000	$8.512M	0.0%	$113.49 *	$194.87	-15.9%	—	57060D108
NU	NU HOLDINGS	400,000	$5.344M	0.0%	$13.36 *	$8.45	+49.8%	—	G6683N103
IBN	ICICI BANK ADR	115,000	$3.338M	0.0%	$29.03 *	$26.44	+4.2%	—	45104G104
MMYT	MAKEMYTRIP	50,000	$2.664M	0.0%	$53.29 *	$74.92	-37.0%	—	V5633W109
CPNG	COUPANG	120,000	$2.084M	0.0%	$17.37 *	$22.08	-37.2%	—	22266T109
FMX	FEMSA ADR	15,500	$1.982M	0.0%	$127.90 *	$114.25	+3.8%	—	344419106
SE	SEA ADR	18,000	$1.725M	0.0%	$95.83	$137.88	-29.4%	—	81141R100
YUMC	YUM CHINA HOLDINGS	35,000	$1.43M	0.0%	$40.87	$49.04	-16.2%	—	98850P109
—	3,125 JAZZ INVESTMENTS 15.09.2030	700,000	$1.201M	0.0%	$1.72	$1.72	—	—	472145AH4
TCOM	TRIP.COM GROUP ADR	30,000	$1.195M	0.0%	$39.84	$60.84	-35.7%	—	89677Q107
NTES	NETEASE ADR	8,500	$1.089M	0.0%	$128.14 *	$101.10	+19.8%	—	64110W102
—	0,250 ETSY 15.06.2028	1,100,000	$1.006M	0.0%	$0.91	$0.73	—	—	29786AAN6
EL	ESTEE LAUDER	6,349	$501K	0.0%	$78.95 *	$80.77	+14.9%	—	518439104
—	0,125 SNAP 01.03.2028	300,000	$278K	0.0%	$0.93	$0.71	—	—	83304AAH9
PDD	PINDUODUO ADR	3,095	$236K	0.0%	$76.28 *	$118.81	-34.4%	—	722304102

Decreased Positions (50)

AAPL APPLE 1.6%

Value $320M (-65.6%) Shares 960,298 (-70.1%) Share Price $333.02 Est. Cost/Share $167.28 Unrealized @ Report Date +99.1%

DHR DANAHER 1.7%

Value $326M (-56.4%) Shares 1,470,982 (-62.5%) Share Price $221.55 Est. Cost/Share $201.96 Unrealized @ Report Date +9.7%

GOOGL ALPHABET - CLASS A 6.2%

Value $1.212B (-23.1%) Shares 3,522,539 (-20.1%) Share Price $344.08 Est. Cost/Share $117.84 Unrealized @ Report Date +192.0%

TMO THERMO FISHER SCIENTIFIC 3.1%

Value $615M (-35.7%) Shares 910,320 (-52.2%) Share Price $675.05 Est. Cost/Share $456.05 Unrealized @ Report Date +48.0%

AMZN AMAZON.COM 5.5%

Value $1.074B (-18.1%) Shares 4,311,228 (-21.6%) Share Price $249.15 Est. Cost/Share $134.48 Unrealized @ Report Date +85.3%

BNTX BIONTECH ADR 0.1%

Value $17.03M (-91.8%) Shares 173,272 (-92.2%) Share Price $98.30 Est. Cost/Share $144.49 Unrealized @ Report Date -32.0%

NVDA NVIDIA 1.1%

Value $217M (-44.8%) Shares 951,769 (-51.6%) Share Price $228.38 Est. Cost/Share $192.10 Unrealized @ Report Date +18.9%

PG PROCTER & GAMBLE 0.7%

Value $129M (-56.6%) Shares 885,758 (-56.2%) Share Price $145.28 Est. Cost/Share $117.29 Unrealized @ Report Date +23.9%

MSFT MICROSOFT 5.7%

Value $1.113B (-12.1%) Shares 2,169,551 (-36.1%) Share Price $512.90 Est. Cost/Share $203.67 Unrealized @ Report Date +151.8%

SCHW CHARLES SCHWAB 4.4%

Value $873M (-11.6%) Shares 8,936,661 (-16.5%) Share Price $97.74 Est. Cost/Share $67.49 Unrealized @ Report Date +44.8%

ACN ACCENTURE 2.1%

Value $409M (+32.0%) Shares 2,230,301 (-10.4%) Share Price $183.37 Est. Cost/Share $293.38 Unrealized @ Report Date -37.5%

FTV FORTIVE 3.3%

Value $645M (-12.8%) Shares 11,771,552 (-2.8%) Share Price $54.81 Est. Cost/Share $50.52 Unrealized @ Report Date +8.5%

ICE INTERCONTINENTAL EXCHANGE 3.7%

Value $728M (+12.0%) Shares 4,786,610 (-9.3%) Share Price $152.03 Est. Cost/Share $113.37 Unrealized @ Report Date +34.1%

MICC MAGNUM ICE CREAM 0.8%

Value $152M (-30.4%) Shares 8,544,309 (-32.0%) Share Price $17.80 Est. Cost/Share $15.63 Unrealized @ Report Date +13.7%

SPGI S&P GLOBAL 2.9%

Value $577M (-10.3%) Shares 1,461,580 (-7.4%) Share Price $394.47 Est. Cost/Share $418.84 Unrealized @ Report Date -5.8%

CRM SALESFORCE 0.0%

Value $3.939M (-93.5%) Shares 17,160 (-95.6%) Share Price $229.57 Est. Cost/Share $232.46 Unrealized @ Report Date -1.2%

JNJ JOHNSON & JOHNSON 0.5%

Value $89.51M (-38.2%) Shares 338,111 (-40.7%) Share Price $264.74 Est. Cost/Share $115.48 Unrealized @ Report Date +129.3%

V VISA - CLASS A 2.5%

Value $483M (-7.1%) Shares 1,344,306 (-11.3%) Share Price $359.33 Est. Cost/Share $189.70 Unrealized @ Report Date +89.4%

RAL RALLIANT 1.0%

Value $187M (-15.8%) Shares 2,707,213 (-10.4%) Share Price $69.17 Est. Cost/Share $48.77 Unrealized @ Report Date +41.8%

BRK/B BERKSHIRE HATHAWAY B 6.2%

Value $1.221B (-2.7%) Shares 2,451,783 (-2.2%) Share Price $497.95 Est. Cost/Share $187.52 Unrealized @ Report Date +165.5%

PEP PEPSICO 1.6%

Value $313M (-9.4%) Shares 2,472,175 (-3.2%) Share Price $126.72 Est. Cost/Share $147.64 Unrealized @ Report Date -14.2%

IBM INTL BUSINESS MACHINES 0.1%

Value $28.24M (-51.8%) Shares 128,422 (-38.4%) Share Price $219.93 Est. Cost/Share $255.33 Unrealized @ Report Date -13.9%

MELI MERCADOLIBRE 1.5%

Value $293M (-8.0%) Shares 169,647 (-9.7%) Share Price $1728.53 Est. Cost/Share $2313.11 Unrealized @ Report Date -25.3%

MMM 3M 0.3%

Value $50.64M (-32.0%) Shares 308,474 (-32.9%) Share Price $164.15 Est. Cost/Share $112.63 Unrealized @ Report Date +45.7%

SHW SHERWIN-WILLIAMS 0.6%

Value $114M (-16.8%) Shares 351,649 (-11.4%) Share Price $323.27 Est. Cost/Share $314.58 Unrealized @ Report Date +2.8%

SBUX STARBUCKS 0.0%

Value $532K (-96.9%) Shares 5,659 (-96.6%) Share Price $93.96 Est. Cost/Share $86.07 Unrealized @ Report Date +9.2%

AME AMETEK 3.3%

Value $646M (-2.4%) Shares 2,609,096 (-4.7%) Share Price $247.73 Est. Cost/Share $134.58 Unrealized @ Report Date +84.1%

RACE FERRARI 0.0%

Value $7.571M (-67.1%) Shares 19,290 (-68.9%) Share Price $392.47 Est. Cost/Share $410.12 Unrealized @ Report Date -4.2%

INTU INTUIT 0.4%

Value $74.21M (-15.6%) Shares 269,165 (-20.1%) Share Price $275.71 Est. Cost/Share $475.46 Unrealized @ Report Date -42.0%

NFLX NETFLIX 0.1%

Value $22.54M (-36.5%) Shares 324,003 (-34.9%) Share Price $69.58 Est. Cost/Share $101.93 Unrealized @ Report Date -31.7%

UBER UBER TECHNOLOGIES 0.2%

Value $44.68M (-21.5%) Shares 652,119 (-17.3%) Share Price $68.51 Est. Cost/Share $71.80 Unrealized @ Report Date -4.6%

TJX TJX COMPANIES 0.1%

Value $14.77M (-42.2%) Shares 111,655 (-33.8%) Share Price $132.31 Est. Cost/Share $90.78 Unrealized @ Report Date +45.7%

ABT ABBOTT LABORATORIES 4.5%

Value $893M (-1.1%) Shares 9,032,294 (-9.2%) Share Price $98.83 Est. Cost/Share $89.51 Unrealized @ Report Date +10.4%

BKNG BOOKING HOLDINGS 0.2%

Value $36.06M (-21.9%) Shares 221,349 (-14.5%) Share Price $162.91 Est. Cost/Share $333.18 Unrealized @ Report Date -51.1%

MA MASTERCARD 1.4%

Value $284M (+3.3%) Shares 515,192 (-3.8%) Share Price $551.47 Est. Cost/Share $352.37 Unrealized @ Report Date +56.5%

IEX IDEX 0.7%

Value $140M (-4.8%) Shares 612,907 (-5.2%) Share Price $227.98 Est. Cost/Share $181.44 Unrealized @ Report Date +25.6%

TT TRANE TECHNOLOGIES 0.2%

Value $48.95M (-10.6%) Shares 108,294 (-2.9%) Share Price $451.98 Est. Cost/Share $440.71 Unrealized @ Report Date +2.6%

ABNB AIRBNB 0.0%

Value $3.211M (-51.9%) Shares 19,989 (-57.2%) Share Price $160.65 Est. Cost/Share $136.93 Unrealized @ Report Date +17.3%

ITW ILLINOIS TOOL WORKS 0.1%

Value $18.69M (-13.9%) Shares 72,663 (-9.5%) Share Price $257.28 Est. Cost/Share $203.91 Unrealized @ Report Date +26.2%

WMT WALMART 0.1%

Value $17.15M (-14.4%) Shares 165,010 (-6.8%) Share Price $103.92 Est. Cost/Share $51.09 Unrealized @ Report Date +103.4%

CL COLGATE-PALMOLIVE 0.1%

Value $22.18M (-10.2%) Shares 259,986 (-3.5%) Share Price $85.32 Est. Cost/Share $76.71 Unrealized @ Report Date +11.2%

SPOT SPOTIFY TECHNOLOGY 0.2%

Value $30.9M (-6.4%) Shares 63,403 (-11.8%) Share Price $487.38 Est. Cost/Share $481.96 Unrealized @ Report Date +1.1%

KO COCA-COLA 0.2%

Value $42.29M (+4.4%) Shares 491,264 (-1.4%) Share Price $86.08 Est. Cost/Share $49.57 Unrealized @ Report Date +73.6%

ORLY O'REILLY AUTOMOTIVE 0.0%

Value $5.013M (-16.8%) Shares 58,699 (-10.3%) Share Price $85.41 Est. Cost/Share $90.88 Unrealized @ Report Date -6.0%

BLK BLACKROCK 0.2%

Value $42.35M (+2.2%) Shares 40,018 (-7.2%) Share Price $1058.29 Est. Cost/Share $991.05 Unrealized @ Report Date +6.8%

BDX BECTON DICKINSON 0.1%

Value $17.14M (-3.1%) Shares 95,779 (-18.1%) Share Price $179.00 Est. Cost/Share $222.31 Unrealized @ Report Date -19.5%

ADP AUTOMATIC DATA PROCESSING 0.1%

Value $14.67M (-3.1%) Shares 56,849 (-15.9%) Share Price $258.06 Est. Cost/Share $225.57 Unrealized @ Report Date +14.4%

VZ VERIZON COMMUNICATIONS 0.0%

Value $8.747M (+4.6%) Shares 190,699 (-3.5%) Share Price $45.87 Est. Cost/Share $41.53 Unrealized @ Report Date +10.4%

UNP UNION PACIFIC 0.0%

Value $5.024M (-3.6%) Shares 18,460 (-3.6%) Share Price $272.13 Est. Cost/Share $209.27 Unrealized @ Report Date +30.0%

MDLZ MONDELEZ INTERNATIONAL 0.0%

Value $4.255M (-2.4%) Shares 73,586 (-2.4%) Share Price $57.82 Est. Cost/Share $60.36 Unrealized @ Report Date -4.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AAPL	APPLE	960,298 (-70.1%)	$320M (-65.6%)	1.6%	$333.02	$167.28	+99.1%	COM	037833100
DHR	DANAHER	1,470,982 (-62.5%)	$326M (-56.4%)	1.7%	$221.55	$201.96	+9.7%	COM	235851102
GOOGL	ALPHABET - CLASS A	3,522,539 (-20.1%)	$1.212B (-23.1%)	6.2%	$344.08	$117.84	+192.0%	COM	02079K305
TMO	THERMO FISHER SCIENTIFIC	910,320 (-52.2%)	$615M (-35.7%)	3.1%	$675.05	$456.05	+48.0%	COM	883556102
AMZN	AMAZON.COM	4,311,228 (-21.6%)	$1.074B (-18.1%)	5.5%	$249.15	$134.48	+85.3%	COM	023135106
BNTX	BIONTECH ADR	173,272 (-92.2%)	$17.03M (-91.8%)	0.1%	$98.30	$144.49	-32.0%	COM	09075V102
NVDA	NVIDIA	951,769 (-51.6%)	$217M (-44.8%)	1.1%	$228.38	$192.10	+18.9%	COM	67066G104
PG	PROCTER & GAMBLE	885,758 (-56.2%)	$129M (-56.6%)	0.7%	$145.28	$117.29	+23.9%	COM	742718109
MSFT	MICROSOFT	2,169,551 (-36.1%)	$1.113B (-12.1%)	5.7%	$512.90	$203.67	+151.8%	COM	594918104
SCHW	CHARLES SCHWAB	8,936,661 (-16.5%)	$873M (-11.6%)	4.4%	$97.74	$67.49	+44.8%	COM	808513105
ACN	ACCENTURE	2,230,301 (-10.4%)	$409M (+32.0%)	2.1%	$183.37	$293.38	-37.5%	COM	G1151C101
FTV	FORTIVE	11,771,552 (-2.8%)	$645M (-12.8%)	3.3%	$54.81	$50.52	+8.5%	COM	34959J108
ICE	INTERCONTINENTAL EXCHANGE	4,786,610 (-9.3%)	$728M (+12.0%)	3.7%	$152.03	$113.37	+34.1%	COM	45866F104
MICC	MAGNUM ICE CREAM	8,544,309 (-32.0%)	$152M (-30.4%)	0.8%	$17.80	$15.63	+13.7%	COM	N5505D105
SPGI	S&P GLOBAL	1,461,580 (-7.4%)	$577M (-10.3%)	2.9%	$394.47	$418.84	-5.8%	COM	78409V104
CRM	SALESFORCE	17,160 (-95.6%)	$3.939M (-93.5%)	0.0%	$229.57	$232.46	-1.2%	COM	79466L302
JNJ	JOHNSON & JOHNSON	338,111 (-40.7%)	$89.51M (-38.2%)	0.5%	$264.74	$115.48	+129.3%	COM	478160104
V	VISA - CLASS A	1,344,306 (-11.3%)	$483M (-7.1%)	2.5%	$359.33	$189.70	+89.4%	COM	92826C839
RAL	RALLIANT	2,707,213 (-10.4%)	$187M (-15.8%)	1.0%	$69.17	$48.77	+41.8%	COM	750940108
BRK/B	BERKSHIRE HATHAWAY B	2,451,783 (-2.2%)	$1.221B (-2.7%)	6.2%	$497.95	$187.52	+165.5%	COM	084670702
PEP	PEPSICO	2,472,175 (-3.2%)	$313M (-9.4%)	1.6%	$126.72	$147.64	-14.2%	COM	713448108
IBM	INTL BUSINESS MACHINES	128,422 (-38.4%)	$28.24M (-51.8%)	0.1%	$219.93	$255.33	-13.9%	COM	459200101
MELI	MERCADOLIBRE	169,647 (-9.7%)	$293M (-8.0%)	1.5%	$1728.53	$2313.11	-25.3%	COM	58733R102
MMM	3M	308,474 (-32.9%)	$50.64M (-32.0%)	0.3%	$164.15	$112.63	+45.7%	COM	88579Y101
SHW	SHERWIN-WILLIAMS	351,649 (-11.4%)	$114M (-16.8%)	0.6%	$323.27	$314.58	+2.8%	COM	824348106
SBUX	STARBUCKS	5,659 (-96.6%)	$532K (-96.9%)	0.0%	$93.96	$86.07	+9.2%	COM	855244109
AME	AMETEK	2,609,096 (-4.7%)	$646M (-2.4%)	3.3%	$247.73	$134.58	+84.1%	COM	031100100
RACE	FERRARI	19,290 (-68.9%)	$7.571M (-67.1%)	0.0%	$392.47	$410.12	-4.2%	COM	N3167Y103
INTU	INTUIT	269,165 (-20.1%)	$74.21M (-15.6%)	0.4%	$275.71	$475.46	-42.0%	COM	461202103
NFLX	NETFLIX	324,003 (-34.9%)	$22.54M (-36.5%)	0.1%	$69.58	$101.93	-31.7%	COM	64110L106
UBER	UBER TECHNOLOGIES	652,119 (-17.3%)	$44.68M (-21.5%)	0.2%	$68.51	$71.80	-4.6%	COM	90353T100
TJX	TJX COMPANIES	111,655 (-33.8%)	$14.77M (-42.2%)	0.1%	$132.31	$90.78	+45.7%	COM	872540109
ABT	ABBOTT LABORATORIES	9,032,294 (-9.2%)	$893M (-1.1%)	4.5%	$98.83	$89.51	+10.4%	COM	002824100
BKNG	BOOKING HOLDINGS	221,349 (-14.5%)	$36.06M (-21.9%)	0.2%	$162.91	$333.18	-51.1%	COM	09857L108
MA	MASTERCARD	515,192 (-3.8%)	$284M (+3.3%)	1.4%	$551.47	$352.37	+56.5%	COM	57636Q104
IEX	IDEX	612,907 (-5.2%)	$140M (-4.8%)	0.7%	$227.98	$181.44	+25.6%	COM	45167R104
TT	TRANE TECHNOLOGIES	108,294 (-2.9%)	$48.95M (-10.6%)	0.2%	$451.98	$440.71	+2.6%	COM	G8994E103
ABNB	AIRBNB	19,989 (-57.2%)	$3.211M (-51.9%)	0.0%	$160.65	$136.93	+17.3%	COM	009066101
ITW	ILLINOIS TOOL WORKS	72,663 (-9.5%)	$18.69M (-13.9%)	0.1%	$257.28	$203.91	+26.2%	COM	452308109
WMT	WALMART	165,010 (-6.8%)	$17.15M (-14.4%)	0.1%	$103.92	$51.09	+103.4%	COM	931142103
CL	COLGATE-PALMOLIVE	259,986 (-3.5%)	$22.18M (-10.2%)	0.1%	$85.32	$76.71	+11.2%	COM	194162103
SPOT	SPOTIFY TECHNOLOGY	63,403 (-11.8%)	$30.9M (-6.4%)	0.2%	$487.38	$481.96	+1.1%	COM	L8681T102
KO	COCA-COLA	491,264 (-1.4%)	$42.29M (+4.4%)	0.2%	$86.08	$49.57	+73.6%	COM	191216100
ORLY	O'REILLY AUTOMOTIVE	58,699 (-10.3%)	$5.013M (-16.8%)	0.0%	$85.41	$90.88	-6.0%	COM	67103H107
BLK	BLACKROCK	40,018 (-7.2%)	$42.35M (+2.2%)	0.2%	$1058.29	$991.05	+6.8%	COM	09290D101
BDX	BECTON DICKINSON	95,779 (-18.1%)	$17.14M (-3.1%)	0.1%	$179.00	$222.31	-19.5%	COM	075887109
ADP	AUTOMATIC DATA PROCESSING	56,849 (-15.9%)	$14.67M (-3.1%)	0.1%	$258.06	$225.57	+14.4%	COM	053015103
VZ	VERIZON COMMUNICATIONS	190,699 (-3.5%)	$8.747M (+4.6%)	0.0%	$45.87	$41.53	+10.4%	COM	92343V104
UNP	UNION PACIFIC	18,460 (-3.6%)	$5.024M (-3.6%)	0.0%	$272.13	$209.27	+30.0%	COM	907818108
MDLZ	MONDELEZ INTERNATIONAL	73,586 (-2.4%)	$4.255M (-2.4%)	0.0%	$57.82	$60.36	-4.2%	COM	609207105

Unchanged Positions (15)

NKE NIKE 2.1%

Value $423M Shares 11,937,502 Share Price $35.40 Est. Cost/Share $76.74 Unrealized @ Report Date -53.9%

LULU LULULEMON ATHLETICA 0.9%

Value $173M Shares 1,801,026 Share Price $96.19 Est. Cost/Share $297.65 Unrealized @ Report Date -67.7%

AVGO BROADCOM 0.7%

Value $135M Shares 384,669 Share Price $351.19 Est. Cost/Share $286.30 Unrealized @ Report Date +22.7%

ZTS ZOETIS 1.5%

Value $293M Shares 4,197,645 Share Price $69.83 Est. Cost/Share $94.14 Unrealized @ Report Date -25.8%

ROST ROSS STORES 0.1%

Value $13.02M Shares 55,797 Share Price $233.40 Est. Cost/Share $112.10 Unrealized @ Report Date +108.2%

BX BLACKSTONE 0.0%

Value $5.044M Shares 45,000 Share Price $112.09 Est. Cost/Share $133.67 Unrealized @ Report Date -16.1%

ODFL OLD DOMINION FREIGHT LINE 0.0%

Value $549K Shares 3,159 Share Price $173.84 Est. Cost/Share $189.98 Unrealized @ Report Date -8.5%

IDXX IDEXX LABORATORIES 0.0%

Value $8.979M Shares 17,194 Share Price $522.19 Est. Cost/Share $438.65 Unrealized @ Report Date +19.0%

— 0,875 UBER TECHNOLOGIES 01.12.2028 0.0%

Value $1.035M Shares 900,000 Share Price $1.15 Est. Cost/Share $1.23 Unrealized @ Report Date —

GOOG ALPHABET - CLASS C 0.0%

Value $797K Shares 2,338 Share Price $340.74 Est. Cost/Share $128.64 Unrealized @ Report Date +164.9%

— INTUIT CALL 0.0%

Value $331K Shares 12 Share Price $27571.00 Est. Cost/Share — Unrealized @ Report Date —

— 0,500 ALIBABA 01.06.2031 0.0%

Value $251K Shares 200,000 Share Price $1.25 Est. Cost/Share $1.18 Unrealized @ Report Date —

— 0,000 SNAP 01.05.2027 0.0%

Value $679K Shares 700,000 Share Price $0.97 Est. Cost/Share $0.70 Unrealized @ Report Date —

BRK/A BERKSHIRE HATHAWAY A 0.0%

Value $2.988M Shares 4 Share Price $747005.00 Est. Cost/Share $454514.50 Unrealized @ Report Date +64.4%

— 0,250 JD.COM 01.06.2029 0.0%

Value $393K Shares 400,000 Share Price $0.98 Est. Cost/Share $1.00 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NKE	NIKE	11,937,502	$423M	2.1%	$35.40	$76.74	-53.9%	COM	654106103
LULU	LULULEMON ATHLETICA	1,801,026	$173M	0.9%	$96.19	$297.65	-67.7%	COM	550021109
AVGO	BROADCOM	384,669	$135M	0.7%	$351.19	$286.30	+22.7%	COM	11135F101
ZTS	ZOETIS	4,197,645	$293M	1.5%	$69.83	$94.14	-25.8%	COM	98978V103
ROST	ROSS STORES	55,797	$13.02M	0.1%	$233.40	$112.10	+108.2%	COM	778296103
BX	BLACKSTONE	45,000	$5.044M	0.0%	$112.09	$133.67	-16.1%	COM	09260D107
ODFL	OLD DOMINION FREIGHT LINE	3,159	$549K	0.0%	$173.84	$189.98	-8.5%	COM	679580100
IDXX	IDEXX LABORATORIES	17,194	$8.979M	0.0%	$522.19	$438.65	+19.0%	COM	45168D104
—	0,875 UBER TECHNOLOGIES 01.12.2028	900,000	$1.035M	0.0%	$1.15	$1.23	—	NOTE	90353TAM2
GOOG	ALPHABET - CLASS C	2,338	$797K	0.0%	$340.74	$128.64	+164.9%	COM	02079K107
—	INTUIT CALL	12	$331K	0.0%	$27571.00	—	—	CALL	461202903
—	0,500 ALIBABA 01.06.2031	200,000	$251K	0.0%	$1.25	$1.18	—	NOTE	01609WBG6
—	0,000 SNAP 01.05.2027	700,000	$679K	0.0%	$0.97	$0.70	—	NOTE	83304AAF3
BRK/A	BERKSHIRE HATHAWAY A	4	$2.988M	0.0%	$747005.00	$454514.50	+64.4%	COM	084670108
—	0,250 JD.COM 01.06.2029	400,000	$393K	0.0%	$0.98	$1.00	—	NOTE	47215PAJ5