Ironvine Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UNP	UNION PAC CORP	186,641 (+117.2%)	$43,174 (+112.5%)	4.3%	$214.97	+5.7%	COM	907818108
AON	AON PLC	107,680 (+2.2%)	$37,998 (+1.1%)	3.8%	$236.47	+47.7%	SHS CL A	G0403H108
HON	HONEYWELL INTL INC	34,346 (+2.3%)	$6,701 (-5.2%)	0.7%	$198.80	-1.9%	COM	438516106
META	META PLATFORMS INC	2,732 (+1.3%)	$1,803 (-8.9%)	0.2%	$617.26	+8.1%	CL A	30303M102
BRO	BROWN & BROWN INC	19,968 (+16.1%)	$1,591 (-1.3%)	0.2%	$95.26	-12.5%	COM	115236101
IVV	ISHARES TR	374 (+1.6%)	$256 (+4.0%)	0.0%	$565.46	—	CORE S&P500 ETF	464287200

Exited Positions (1)

INTU INTUIT 0.0%

Value ($000) $200 Shares 293 Est. Cost $674.49 Unrealized -2.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
INTU	INTUIT	293	$200	0.0%	$674.49	-2.0%	—	461202103

Decreased Positions (14)

MSFT MICROSOFT CORP 7.5%

Value ($000) $74,662 (-21.1%) Shares 154,382 (-15.5%) Est. Cost $156.03 Unrealized +220.8%

AAPL APPLE INC 0.6%

Value ($000) $6,235 (-65.0%) Shares 22,936 (-67.2%) Est. Cost $93.49 Unrealized +187.0%

CSGP COSTAR GROUP INC 2.5%

Value ($000) $24,961 (-31.3%) Shares 371,224 (-13.7%) Est. Cost $78.28 Unrealized -9.5%

GOOG ALPHABET INC 6.9%

Value ($000) $68,741 (+19.4%) Shares 219,061 (-7.3%) Est. Cost $108.82 Unrealized +163.1%

LH LABCORP HOLDINGS INC 1.6%

Value ($000) $16,445 (-32.0%) Shares 65,549 (-22.2%) Est. Cost $199.50 Unrealized +32.9%

ADBE ADOBE INC 0.6%

Value ($000) $6,078 (-35.2%) Shares 17,366 (-34.7%) Est. Cost $510.95 Unrealized -33.4%

UNH UNITEDHEALTH GROUP INC 2.1%

Value ($000) $21,476 (-12.0%) Shares 65,058 (-7.9%) Est. Cost $455.78 Unrealized -26.0%

APH AMPHENOL CORP NEW 1.7%

Value ($000) $16,739 (+7.3%) Shares 123,866 (-1.8%) Est. Cost $68.48 Unrealized +95.0%

ADI ANALOG DEVICES INC 5.0%

Value ($000) $49,886 (-2.2%) Shares 183,944 (-11.4%) Est. Cost $111.99 Unrealized +123.8%

WSO WATSCO INC 0.3%

Value ($000) $3,250 (-18.0%) Shares 9,646 (-1.7%) Est. Cost $458.61 Unrealized -22.1%

BOC BOSTON OMAHA CORP 0.6%

Value ($000) $5,588 (-9.0%) Shares 451,714 (-3.8%) Est. Cost $19.54 Unrealized -33.3%

ASML ASML HOLDING N V 0.7%

Value ($000) $7,322 (+7.9%) Shares 6,844 (-2.4%) Est. Cost $968.09 Unrealized —

HEI HEICO CORP NEW 1.1%

Value ($000) $11,268 (-2.3%) Shares 34,822 (-2.5%) Est. Cost $110.90 Unrealized +184.9%

DE DEERE & CO 0.8%

Value ($000) $7,670 (-0.6%) Shares 16,475 (-2.4%) Est. Cost $380.35 Unrealized +23.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	154,382 (-15.5%)	$74,662 (-21.1%)	7.5%	$156.03	+220.8%	COM	594918104
AAPL	APPLE INC	22,936 (-67.2%)	$6,235 (-65.0%)	0.6%	$93.49	+187.0%	COM	037833100
CSGP	COSTAR GROUP INC	371,224 (-13.7%)	$24,961 (-31.3%)	2.5%	$78.28	-9.5%	COM	22160N109
GOOG	ALPHABET INC	219,061 (-7.3%)	$68,741 (+19.4%)	6.9%	$108.82	+163.1%	CAP STK CL C	02079K107
LH	LABCORP HOLDINGS INC	65,549 (-22.2%)	$16,445 (-32.0%)	1.6%	$199.50	+32.9%	COM SHS	504922105
ADBE	ADOBE INC	17,366 (-34.7%)	$6,078 (-35.2%)	0.6%	$510.95	-33.4%	COM	00724F101
UNH	UNITEDHEALTH GROUP INC	65,058 (-7.9%)	$21,476 (-12.0%)	2.1%	$455.78	-26.0%	COM	91324P102
APH	AMPHENOL CORP NEW	123,866 (-1.8%)	$16,739 (+7.3%)	1.7%	$68.48	+95.0%	CL A	032095101
ADI	ANALOG DEVICES INC	183,944 (-11.4%)	$49,886 (-2.2%)	5.0%	$111.99	+123.8%	COM	032654105
WSO	WATSCO INC	9,646 (-1.7%)	$3,250 (-18.0%)	0.3%	$458.61	-22.1%	COM	942622200
BOC	BOSTON OMAHA CORP	451,714 (-3.8%)	$5,588 (-9.0%)	0.6%	$19.54	-33.3%	CL A COM STK	101044105
ASML	ASML HOLDING N V	6,844 (-2.4%)	$7,322 (+7.9%)	0.7%	$968.09	—	N Y REGISTRY SHS	N07059210
HEI	HEICO CORP NEW	34,822 (-2.5%)	$11,268 (-2.3%)	1.1%	$110.90	+184.9%	COM	422806109
DE	DEERE & CO	16,475 (-2.4%)	$7,670 (-0.6%)	0.8%	$380.35	+23.0%	COM	244199105

Unchanged Positions (32)

TMO THERMO FISHER SCIENTIFIC INC 3.7%

Value ($000) $37,397 Shares 64,538 Est. Cost $368.22 Unrealized +53.5%

ORLY OREILLY AUTOMOTIVE INC 2.3%

Value ($000) $23,040 Shares 252,609 Est. Cost $89.72 Unrealized +8.9%

AMZN AMAZON COM INC 7.8%

Value ($000) $77,482 Shares 335,683 Est. Cost $142.77 Unrealized +60.3%

DHR DANAHER CORPORATION 2.5%

Value ($000) $24,554 Shares 107,260 Est. Cost $159.97 Unrealized +37.2%

SPGI S&P GLOBAL INC 5.0%

Value ($000) $49,984 Shares 95,646 Est. Cost $207.95 Unrealized +137.7%

MCO MOODYS CORP 4.2%

Value ($000) $41,888 Shares 81,997 Est. Cost $164.55 Unrealized +196.2%

DLTR DOLLAR TREE INC 1.0%

Value ($000) $10,250 Shares 83,330 Est. Cost $112.79 Unrealized -5.0%

AMAT APPLIED MATLS INC 1.2%

Value ($000) $11,929 Shares 46,419 Est. Cost $176.74 Unrealized +35.5%

COST COSTCO WHSL CORP NEW 2.9%

Value ($000) $28,908 Shares 33,523 Est. Cost $193.76 Unrealized +367.5%

TSM TAIWAN SEMICONDUCTOR MFG LTD 2.1%

Value ($000) $21,335 Shares 70,205 Est. Cost $136.62 Unrealized —

LOW LOWES COS INC 2.7%

Value ($000) $26,568 Shares 110,167 Est. Cost $83.39 Unrealized +187.6%

V VISA INC 5.2%

Value ($000) $51,767 Shares 147,605 Est. Cost $164.28 Unrealized +107.2%

HEI/A HEICO CORP NEW 5.9%

Value ($000) $59,134 Shares 234,260 Est. Cost $103.98 Unrealized +137.5%

BRK/B BERKSHIRE HATHAWAY INC DEL 4.9%

Value ($000) $49,362 Shares 98,204 Est. Cost $212.63 Unrealized +134.0%

BAC BANK AMERICA CORP 0.4%

Value ($000) $4,190 Shares 76,179 Est. Cost $25.74 Unrealized +104.6%

ENTG ENTEGRIS INC 0.2%

Value ($000) $2,176 Shares 25,831 Est. Cost $100.40 Unrealized -13.6%

JPM JPMORGAN CHASE & CO. 1.0%

Value ($000) $9,979 Shares 30,971 Est. Cost $95.39 Unrealized +224.5%

MA MASTERCARD INCORPORATED 3.8%

Value ($000) $38,112 Shares 66,760 Est. Cost $231.49 Unrealized +141.5%

ODFL OLD DOMINION FREIGHT LINE IN 0.2%

Value ($000) $1,509 Shares 9,626 Est. Cost $184.47 Unrealized -22.4%

ABT ABBOTT LABS 0.2%

Value ($000) $1,759 Shares 14,037 Est. Cost $52.58 Unrealized +142.1%

DIS DISNEY WALT CO 0.9%

Value ($000) $8,677 Shares 76,266 Est. Cost $118.30 Unrealized -7.4%

SKYH/WS SKY HARBOUR GROUP CORPORATIO 0.0%

Value ($000) $39 Shares 60,000 Est. Cost $0.40 Unrealized —

PG PROCTER AND GAMBLE CO 0.1%

Value ($000) $708 Shares 4,940 Est. Cost $71.69 Unrealized +105.3%

BDX BECTON DICKINSON & CO 0.1%

Value ($000) $747 Shares 3,850 Est. Cost $194.57 Unrealized -2.6%

VOO VANGUARD INDEX FDS 0.1%

Value ($000) $754 Shares 1,202 Est. Cost $383.46 Unrealized —

GD GENERAL DYNAMICS CORP 0.1%

Value ($000) $1,313 Shares 3,900 Est. Cost $181.99 Unrealized +87.3%

MKC MCCORMICK & CO INC 0.1%

Value ($000) $899 Shares 13,200 Est. Cost $64.29 Unrealized +2.5%

PEP PEPSICO INC 0.1%

Value ($000) $703 Shares 4,900 Est. Cost $89.05 Unrealized +63.8%

PFE PFIZER INC 0.0%

Value ($000) $413 Shares 16,600 Est. Cost $24.54 Unrealized +2.0%

QUAL ISHARES TR 0.0%

Value ($000) $255 Shares 1,286 Est. Cost $178.64 Unrealized —

TROW PRICE T ROWE GROUP INC 0.1%

Value ($000) $625 Shares 6,100 Est. Cost $76.17 Unrealized +34.2%

JPST J P MORGAN EXCHANGE TRADED F 0.0%

Value ($000) $326 Shares 6,441 Est. Cost $50.76 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TMO	THERMO FISHER SCIENTIFIC INC	64,538	$37,397	3.7%	$368.22	+53.5%	COM	883556102
ORLY	OREILLY AUTOMOTIVE INC	252,609	$23,040	2.3%	$89.72	+8.9%	COM	67103H107
AMZN	AMAZON COM INC	335,683	$77,482	7.8%	$142.77	+60.3%	COM	023135106
DHR	DANAHER CORPORATION	107,260	$24,554	2.5%	$159.97	+37.2%	COM	235851102
SPGI	S&P GLOBAL INC	95,646	$49,984	5.0%	$207.95	+137.7%	COM	78409V104
MCO	MOODYS CORP	81,997	$41,888	4.2%	$164.55	+196.2%	COM	615369105
DLTR	DOLLAR TREE INC	83,330	$10,250	1.0%	$112.79	-5.0%	COM	256746108
AMAT	APPLIED MATLS INC	46,419	$11,929	1.2%	$176.74	+35.5%	COM	038222105
COST	COSTCO WHSL CORP NEW	33,523	$28,908	2.9%	$193.76	+367.5%	COM	22160K105
TSM	TAIWAN SEMICONDUCTOR MFG LTD	70,205	$21,335	2.1%	$136.62	—	SPONSORED ADS	874039100
LOW	LOWES COS INC	110,167	$26,568	2.7%	$83.39	+187.6%	COM	548661107
V	VISA INC	147,605	$51,767	5.2%	$164.28	+107.2%	COM CL A	92826C839
HEI/A	HEICO CORP NEW	234,260	$59,134	5.9%	$103.98	+137.5%	CL A	422806208
BRK/B	BERKSHIRE HATHAWAY INC DEL	98,204	$49,362	4.9%	$212.63	+134.0%	CL B NEW	084670702
BAC	BANK AMERICA CORP	76,179	$4,190	0.4%	$25.74	+104.6%	COM	060505104
ENTG	ENTEGRIS INC	25,831	$2,176	0.2%	$100.40	-13.6%	COM	29362U104
JPM	JPMORGAN CHASE & CO.	30,971	$9,979	1.0%	$95.39	+224.5%	COM	46625H100
MA	MASTERCARD INCORPORATED	66,760	$38,112	3.8%	$231.49	+141.5%	CL A	57636Q104
ODFL	OLD DOMINION FREIGHT LINE IN	9,626	$1,509	0.2%	$184.47	-22.4%	COM	679580100
ABT	ABBOTT LABS	14,037	$1,759	0.2%	$52.58	+142.1%	COM	002824100
DIS	DISNEY WALT CO	76,266	$8,677	0.9%	$118.30	-7.4%	COM	254687106
SKYH/WS	SKY HARBOUR GROUP CORPORATIO	60,000	$39	0.0%	$0.40	—	*W EXP 01/25/202	83085C115
PG	PROCTER AND GAMBLE CO	4,940	$708	0.1%	$71.69	+105.3%	COM	742718109
BDX	BECTON DICKINSON & CO	3,850	$747	0.1%	$194.57	-2.6%	COM	075887109
VOO	VANGUARD INDEX FDS	1,202	$754	0.1%	$383.46	—	S&P 500 ETF SHS	922908363
GD	GENERAL DYNAMICS CORP	3,900	$1,313	0.1%	$181.99	+87.3%	COM	369550108
MKC	MCCORMICK & CO INC	13,200	$899	0.1%	$64.29	+2.5%	COM NON VTG	579780206
PEP	PEPSICO INC	4,900	$703	0.1%	$89.05	+63.8%	COM	713448108
PFE	PFIZER INC	16,600	$413	0.0%	$24.54	+2.0%	COM	717081103
QUAL	ISHARES TR	1,286	$255	0.0%	$178.64	—	MSCI USA QLT FCT	46432F339
TROW	PRICE T ROWE GROUP INC	6,100	$625	0.1%	$76.17	+34.2%	COM	74144T108
JPST	J P MORGAN EXCHANGE TRADED F	6,441	$326	0.0%	$50.76	—	ULTRA SHRT ETF	46641Q837