Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	S&P GLOBAL INC	33,172	$13.51M	3.2%	—	—	COM SHS	78409V112
ADP	AUTOMATIC DATA PROCESSING IN	15,405	$3.45M	0.8%	—	—	COM	053015103
CME	CME GROUP INC	11,645	$2.571M	0.6%	—	—	COM	12572Q105
DKS	DICKS SPORTING GOODS INC	6,992	$1.586M	0.4%	—	—	COM	253393102
INTC	INTEL CORP	2,690	$376K	0.1%	—	—	COM	458140100
VNQ	VANGUARD INDEX FDS	3,024	$292K	0.1%	—	—	REAL ESTATE ETF	922908553
IREN	IREN LIMITED	4,980	$228K	0.1%	—	—	ORDINARY SHARES	Q4982L109

Increased Positions (39)

AMZN AMAZON COM INC 6.5%

Value $27.38M (+32.5%) Shares 114,869 (+15.8%) Est. Cost — Unrealized —

TCAF T ROWE PRICE EXCHANGE-TRADED 8.5%

Value $35.78M (+20.7%) Shares 870,538 (+4.5%) Est. Cost — Unrealized —

HEI/A HEICO CORP NEW 4.3%

Value $17.99M (+36.5%) Shares 69,745 (+11.7%) Est. Cost — Unrealized —

TXN TEXAS INSTRS INC 1.9%

Value $7.986M (+75.9%) Shares 26,794 (+14.6%) Est. Cost — Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 9.8%

Value $41.26M (+8.2%) Shares 82,464 (+3.6%) Est. Cost — Unrealized —

ABBV ABBVIE INC 1.7%

Value $7.258M (+57.4%) Shares 28,844 (+36.0%) Est. Cost — Unrealized —

QQQ INVESCO QQQ TR 0.9%

Value $3.832M (+216.1%) Shares 5,203 (+147.8%) Est. Cost — Unrealized —

POST POST HLDGS INC 7.1%

Value $29.98M (-7.9%) Shares 339,643 (+3.2%) Est. Cost — Unrealized —

UPS UNITED PARCEL SVCS INC 1.6%

Value $6.738M (+54.1%) Shares 62,676 (+41.1%) Est. Cost — Unrealized —

TROW PRICE T ROWE GROUP INC 1.0%

Value $4.038M (+133.8%) Shares 35,516 (+85.4%) Est. Cost — Unrealized —

HD HOME DEPOT INC 1.4%

Value $5.929M (+55.8%) Shares 16,810 (+45.3%) Est. Cost — Unrealized —

ETSY ETSY INC 1.2%

Value $5.136M (+56.2%) Shares 68,185 (+3.7%) Est. Cost — Unrealized —

DHR DANAHER CORP DEL 3.9%

Value $16.39M (+12.1%) Shares 86,039 (+11.6%) Est. Cost — Unrealized —

AVGO BROADCOM INC 1.3%

Value $5.297M (+47.7%) Shares 14,024 (+21.0%) Est. Cost — Unrealized —

PG PROCTER & GAMBLE CO 1.4%

Value $6.071M (+37.7%) Shares 41,401 (+35.6%) Est. Cost — Unrealized —

ALL ALLSTATE CORP 1.1%

Value $4.596M (+55.0%) Shares 19,318 (+35.0%) Est. Cost — Unrealized —

AMGN AMGEN INC 1.5%

Value $6.422M (+32.7%) Shares 17,735 (+29.0%) Est. Cost — Unrealized —

JPM JPMORGAN CHASE & CO 1.0%

Value $4.332M (+55.4%) Shares 13,235 (+39.6%) Est. Cost — Unrealized —

JNJ JOHNSON & JOHNSON 2.7%

Value $11.44M (+13.0%) Shares 45,046 (+8.7%) Est. Cost — Unrealized —

GPC GENUINE PARTS CO 0.4%

Value $1.839M (+200.7%) Shares 15,587 (+169.5%) Est. Cost — Unrealized —

MKL MARKEL GROUP INC 5.5%

Value $23.04M (+5.6%) Shares 11,797 (+3.5%) Est. Cost — Unrealized —

GD GENERAL DYNAMICS CORP 1.0%

Value $4.127M (+30.5%) Shares 11,650 (+26.5%) Est. Cost — Unrealized —

APD AIR PRODUCTS AND CHEMICALS I 0.4%

Value $1.855M (+100.4%) Shares 6,326 (+98.6%) Est. Cost — Unrealized —

CEF SPROTT ASSET MANAGEMENT LP 2.0%

Value $8.24M (-9.7%) Shares 204,820 (+7.1%) Est. Cost — Unrealized —

TRV TRAVELERS COMPANIES INC 0.6%

Value $2.508M (+40.0%) Shares 7,598 (+23.7%) Est. Cost — Unrealized —

LMT LOCKHEED MARTIN CORP 0.9%

Value $3.899M (+21.7%) Shares 7,654 (+44.4%) Est. Cost — Unrealized —

VGIT VANGUARD SCOTTSDALE FDS 1.7%

Value $6.949M (+10.4%) Shares 117,824 (+11.4%) Est. Cost — Unrealized —

PEP PEPSICO INC 1.3%

Value $5.357M (+11.7%) Shares 39,563 (+28.1%) Est. Cost — Unrealized —

MCD MCDONALDS CORP 0.4%

Value $1.854M (+32.2%) Shares 6,860 (+52.0%) Est. Cost — Unrealized —

NEE NEXTERA ENERGY INC 0.4%

Value $1.887M (+25.9%) Shares 21,495 (+33.3%) Est. Cost — Unrealized —

FETH FIDELITY ETHEREUM FD 0.3%

Value $1.318M (-21.2%) Shares 83,723 (+4.5%) Est. Cost — Unrealized —

MTN VAIL RESORTS INC 0.9%

Value $3.776M (+9.3%) Shares 27,733 (+3.0%) Est. Cost — Unrealized —

CVX CHEVRON CORPORATION 0.9%

Value $3.89M (+6.4%) Shares 23,470 (+32.8%) Est. Cost — Unrealized —

GEV GE VERNOVA INC 0.2%

Value $808K (+36.0%) Shares 688 (+1.0%) Est. Cost — Unrealized —

ETHE GRAYSCALE ETHEREUM STAKING E 0.2%

Value $648K (-21.3%) Shares 50,759 (+5.2%) Est. Cost — Unrealized —

BLD TOPBUILD COR 0.9%

Value $3.77M (+3.8%) Shares 10,634 (+2.9%) Est. Cost — Unrealized —

TSLA TESLA INC 0.1%

Value $381K (+16.0%) Shares 905 (+2.5%) Est. Cost — Unrealized —

MSFT MICROSOFT CORP 0.3%

Value $1.392M (+2.9%) Shares 3,732 (+2.1%) Est. Cost — Unrealized —

SO SOUTHERN CO 0.1%

Value $266K (+2.9%) Shares 2,776 (+3.7%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	114,869 (+15.8%)	$27.38M (+32.5%)	6.5%	—	—	COM	023135106
TCAF	T ROWE PRICE EXCHANGE-TRADED	870,538 (+4.5%)	$35.78M (+20.7%)	8.5%	—	—	CAP APPRECIATION	87283Q867
HEI/A	HEICO CORP NEW	69,745 (+11.7%)	$17.99M (+36.5%)	4.3%	—	—	CL A	422806208
TXN	TEXAS INSTRS INC	26,794 (+14.6%)	$7.986M (+75.9%)	1.9%	—	—	COM	882508104
BRK/B	BERKSHIRE HATHAWAY INC DEL	82,464 (+3.6%)	$41.26M (+8.2%)	9.8%	—	—	CL B NEW	084670702
ABBV	ABBVIE INC	28,844 (+36.0%)	$7.258M (+57.4%)	1.7%	—	—	COM	00287Y109
QQQ	INVESCO QQQ TR	5,203 (+147.8%)	$3.832M (+216.1%)	0.9%	—	—	UNIT SER 1	46090E103
POST	POST HLDGS INC	339,643 (+3.2%)	$29.98M (-7.9%)	7.1%	—	—	COM	737446104
UPS	UNITED PARCEL SVCS INC	62,676 (+41.1%)	$6.738M (+54.1%)	1.6%	—	—	CL B	911312106
TROW	PRICE T ROWE GROUP INC	35,516 (+85.4%)	$4.038M (+133.8%)	1.0%	—	—	COM	74144T108
HD	HOME DEPOT INC	16,810 (+45.3%)	$5.929M (+55.8%)	1.4%	—	—	COM	437076102
ETSY	ETSY INC	68,185 (+3.7%)	$5.136M (+56.2%)	1.2%	—	—	COM	29786A106
DHR	DANAHER CORP DEL	86,039 (+11.6%)	$16.39M (+12.1%)	3.9%	—	—	COM	235851102
AVGO	BROADCOM INC	14,024 (+21.0%)	$5.297M (+47.7%)	1.3%	—	—	COM	11135F101
PG	PROCTER & GAMBLE CO	41,401 (+35.6%)	$6.071M (+37.7%)	1.4%	—	—	COM	742718109
ALL	ALLSTATE CORP	19,318 (+35.0%)	$4.596M (+55.0%)	1.1%	—	—	COM	020002101
AMGN	AMGEN INC	17,735 (+29.0%)	$6.422M (+32.7%)	1.5%	—	—	COM	031162100
JPM	JPMORGAN CHASE & CO	13,235 (+39.6%)	$4.332M (+55.4%)	1.0%	—	—	COM	46625H100
JNJ	JOHNSON & JOHNSON	45,046 (+8.7%)	$11.44M (+13.0%)	2.7%	—	—	COM	478160104
GPC	GENUINE PARTS CO	15,587 (+169.5%)	$1.839M (+200.7%)	0.4%	—	—	COM	372460105
MKL	MARKEL GROUP INC	11,797 (+3.5%)	$23.04M (+5.6%)	5.5%	—	—	COM	570535104
GD	GENERAL DYNAMICS CORP	11,650 (+26.5%)	$4.127M (+30.5%)	1.0%	—	—	COM	369550108
APD	AIR PRODUCTS AND CHEMICALS I	6,326 (+98.6%)	$1.855M (+100.4%)	0.4%	—	—	COM	009158106
CEF	SPROTT ASSET MANAGEMENT LP	204,820 (+7.1%)	$8.24M (-9.7%)	2.0%	—	—	PHYSICAL GOLD AN	85208R101
TRV	TRAVELERS COMPANIES INC	7,598 (+23.7%)	$2.508M (+40.0%)	0.6%	—	—	COM	89417E109
LMT	LOCKHEED MARTIN CORP	7,654 (+44.4%)	$3.899M (+21.7%)	0.9%	—	—	COM	539830109
VGIT	VANGUARD SCOTTSDALE FDS	117,824 (+11.4%)	$6.949M (+10.4%)	1.7%	—	—	INTER TERM TREAS	92206C706
PEP	PEPSICO INC	39,563 (+28.1%)	$5.357M (+11.7%)	1.3%	—	—	COM	713448108
MCD	MCDONALDS CORP	6,860 (+52.0%)	$1.854M (+32.2%)	0.4%	—	—	COM	580135101
NEE	NEXTERA ENERGY INC	21,495 (+33.3%)	$1.887M (+25.9%)	0.4%	—	—	COM	65339F101
FETH	FIDELITY ETHEREUM FD	83,723 (+4.5%)	$1.318M (-21.2%)	0.3%	—	—	SHS	31613E103
MTN	VAIL RESORTS INC	27,733 (+3.0%)	$3.776M (+9.3%)	0.9%	—	—	COM	91879Q109
CVX	CHEVRON CORPORATION	23,470 (+32.8%)	$3.89M (+6.4%)	0.9%	—	—	COM	166764100
GEV	GE VERNOVA INC	688 (+1.0%)	$808K (+36.0%)	0.2%	—	—	COM	36828A101
ETHE	GRAYSCALE ETHEREUM STAKING E	50,759 (+5.2%)	$648K (-21.3%)	0.2%	—	—	SHS	389638107
BLD	TOPBUILD COR	10,634 (+2.9%)	$3.77M (+3.8%)	0.9%	—	—	COM	89055F103
TSLA	TESLA INC	905 (+2.5%)	$381K (+16.0%)	0.1%	—	—	COM	88160R101
MSFT	MICROSOFT CORP	3,732 (+2.1%)	$1.392M (+2.9%)	0.3%	—	—	COM	594918104
SO	SOUTHERN CO	2,776 (+3.7%)	$266K (+2.9%)	0.1%	—	—	COM	842587107

Exited Positions (7)

SPGI S&P GLOBAL INC 3.0%

Value $12.75M Shares 29,969 Est. Cost — Unrealized —

AMT AMERICAN TOWER CORP 0.5%

Value $1.981M Shares 11,479 Est. Cost — Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.4%

Value $1.644M Shares 32,744 Est. Cost — Unrealized —

CSCO CISCO SYS INC 0.4%

Value $1.599M Shares 20,603 Est. Cost — Unrealized —

SBUX STARBUCKS CORP 0.3%

Value $1.116M Shares 12,457 Est. Cost — Unrealized —

BMY BRISTOL-MYERS SQUIBB CO 0.1%

Value $227K Shares 3,737 Est. Cost — Unrealized —

MSTR STRATEGY INC 0.0%

Value $203K Shares 1,625 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPGI	S&P GLOBAL INC	29,969	$12.75M	3.0%	—	—	—	78409V104
AMT	AMERICAN TOWER CORP	11,479	$1.981M	0.5%	—	—	—	03027X100
VZ	VERIZON COMMUNICATIONS INC	32,744	$1.644M	0.4%	—	—	—	92343V104
CSCO	CISCO SYS INC	20,603	$1.599M	0.4%	—	—	—	17275R102
SBUX	STARBUCKS CORP	12,457	$1.116M	0.3%	—	—	—	855244109
BMY	BRISTOL-MYERS SQUIBB CO	3,737	$227K	0.1%	—	—	—	110122108
MSTR	STRATEGY INC	1,625	$203K	0.0%	—	—	—	594972408

Decreased Positions (9)

GOOGL ALPHABET INC 6.1%

Value $25.49M (+18.7%) Shares 71,337 (-4.5%) Est. Cost — Unrealized —

ROP ROPER TECHNOLOGIES INC 2.5%

Value $10.55M (-7.6%) Shares 31,188 (-3.4%) Est. Cost — Unrealized —

TDG TRANSDIGM GROUP INC 3.8%

Value $15.98M (+4.8%) Shares 11,996 (-8.8%) Est. Cost — Unrealized —

AEM AGNICO EAGLE MINES LTD 0.1%

Value $595K (-27.7%) Shares 3,836 (-5.4%) Est. Cost — Unrealized —

XOM EXXON MOBIL CORP 0.2%

Value $642K (-25.2%) Shares 4,697 (-7.2%) Est. Cost — Unrealized —

VGSH VANGUARD SCOTTSDALE FDS 0.5%

Value $2.146M (-8.3%) Shares 36,871 (-7.7%) Est. Cost — Unrealized —

NVR NVR INC 0.8%

Value $3.523M (+2.2%) Shares 517 (-1.1%) Est. Cost — Unrealized —

BIL SPDR SERIES TRUST 0.1%

Value $465K (-8.8%) Shares 5,079 (-8.8%) Est. Cost — Unrealized —

SPXC SPX TECHNOLOGIES INC 0.1%

Value $509K (+6.5%) Shares 2,076 (-13.2%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	71,337 (-4.5%)	$25.49M (+18.7%)	6.1%	—	—	CAP STK CL A	02079K305
ROP	ROPER TECHNOLOGIES INC	31,188 (-3.4%)	$10.55M (-7.6%)	2.5%	—	—	COM	776696106
TDG	TRANSDIGM GROUP INC	11,996 (-8.8%)	$15.98M (+4.8%)	3.8%	—	—	COM	893641100
AEM	AGNICO EAGLE MINES LTD	3,836 (-5.4%)	$595K (-27.7%)	0.1%	—	—	COM	008474108
XOM	EXXON MOBIL CORP	4,697 (-7.2%)	$642K (-25.2%)	0.2%	—	—	COM	30231G102
VGSH	VANGUARD SCOTTSDALE FDS	36,871 (-7.7%)	$2.146M (-8.3%)	0.5%	—	—	SHORT TERM TREAS	92206C102
NVR	NVR INC	517 (-1.1%)	$3.523M (+2.2%)	0.8%	—	—	COM	62944T105
BIL	SPDR SERIES TRUST	5,079 (-8.8%)	$465K (-8.8%)	0.1%	—	—	ST STR BLO 1 ETF	78468R663
SPXC	SPX TECHNOLOGIES INC	2,076 (-13.2%)	$509K (+6.5%)	0.1%	—	—	COM	78473E103

Unchanged Positions (12)

FBTC FIDELITY WISE ORIGIN BITCOIN 0.8%

Value $3.314M Shares 64,923 Est. Cost — Unrealized —

AAPL APPLE INC 0.7%

Value $2.877M Shares 9,941 Est. Cost — Unrealized —

GE GE AEROSPACE 0.2%

Value $1.03M Shares 2,757 Est. Cost — Unrealized —

GBTC GRAYSCALE BITCOIN TRUST ETF 0.3%

Value $1.45M Shares 31,864 Est. Cost — Unrealized —

VTI VANGUARD INDEX FDS 0.3%

Value $1.244M Shares 3,363 Est. Cost — Unrealized —

GLD SPDR GOLD TR 0.2%

Value $983K Shares 2,670 Est. Cost — Unrealized —

LDOS LEIDOS HOLDINGS INC 0.1%

Value $321K Shares 3,118 Est. Cost — Unrealized —

GOOG ALPHABET INC 0.1%

Value $619K Shares 1,752 Est. Cost — Unrealized —

PAAS PAN AMERN SILVER CORP 0.1%

Value $305K Shares 6,812 Est. Cost — Unrealized —

SAIC SCIENCE APPLICATIONS INTL CO 0.1%

Value $256K Shares 2,318 Est. Cost — Unrealized —

VTV VANGUARD INDEX FDS 0.1%

Value $350K Shares 1,605 Est. Cost — Unrealized —

RF REGIONS FINANCIAL CORP NEW 0.1%

Value $232K Shares 7,669 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FBTC	FIDELITY WISE ORIGIN BITCOIN	64,923	$3.314M	0.8%	—	—	SHS	315948109
AAPL	APPLE INC	9,941	$2.877M	0.7%	—	—	COM	037833100
GE	GE AEROSPACE	2,757	$1.03M	0.2%	—	—	COM NEW	369604301
GBTC	GRAYSCALE BITCOIN TRUST ETF	31,864	$1.45M	0.3%	—	—	SHS REP COM UT	389637109
VTI	VANGUARD INDEX FDS	3,363	$1.244M	0.3%	—	—	TOTAL STK MKT	922908769
GLD	SPDR GOLD TR	2,670	$983K	0.2%	—	—	GOLD SHS	78463V107
LDOS	LEIDOS HOLDINGS INC	3,118	$321K	0.1%	—	—	COM	525327102
GOOG	ALPHABET INC	1,752	$619K	0.1%	—	—	CAP STK CL C	02079K107
PAAS	PAN AMERN SILVER CORP	6,812	$305K	0.1%	—	—	COM	697900108
SAIC	SCIENCE APPLICATIONS INTL CO	2,318	$256K	0.1%	—	—	COM	808625107
VTV	VANGUARD INDEX FDS	1,605	$350K	0.1%	—	—	VALUE ETF	922908744
RF	REGIONS FINANCIAL CORP NEW	7,669	$232K	0.1%	—	—	COM	7591EP100