Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ROL	Rollins Inc	253,765	$7.643M	2.5%	$30.12	$37.57	-19.8%	COM	775711104
XOM	Exxonmobil HLDGS Corp	4,674	$761K	0.3%	$162.75	$162.75	—	COM	30233Q108
COF	Capital One Financial	2,390	$461K	0.2%	$193.07	$209.84	-8.0%	COM	14040H105
SUNB	Sunbelt Rentals HLDGS Inc Com	6,179	$454K	0.2%	$73.51	$74.53	-1.8%	COM	866966104
SAPGF	SAP SE	1,995	$420K	0.1%	$210.38	$193.80	+8.5%	COM	D66992104
AMZN	Amazon.com Inc	1,476	$368K	0.1%	$249.15	$254.08	-1.9%	COM	023135106
IVV	iShares Core S&P 500 ETF	342	$262K	0.1%	$765.85	$763.10	+0.4%	ETF	464287200
ASML	Asml Holdings NY	127	$230K	0.1%	$1811.67	$1733.64	+4.5%	COM	N07059210
CRWD	Crowdstrike HLDGS Inc Class A	768	$203K	0.1%	$264.75	$212.27	+24.7%	COM	22788C105

Increased Positions (17)

RYCEF Rolls-Royce Holdings 0.7%

Value $2.106M (+569.8%) Shares 108,600 (+561.8%) Share Price $19.39 Est. Cost/Share $18.32 Unrealized @ Report Date +4.1%

GOOG Alphabet Inc. Class C 1.1%

Value $3.448M (+78.6%) Shares 10,119 (+85.2%) Share Price $340.74 Est. Cost/Share $219.38 Unrealized @ Report Date +55.3%

PCOR Procore Technologies Inc 1.8%

Value $5.426M (+28.8%) Shares 104,916 (+1.2%) Share Price $51.72 Est. Cost/Share $61.14 Unrealized @ Report Date -15.4%

ERFSF Eurofins Scientific 0.5%

Value $1.376M (+136.4%) Shares 16,195 (+117.9%) Share Price $84.99 Est. Cost/Share $74.60 Unrealized @ Report Date +13.7%

TSM Taiwan Semiconductor 0.3%

Value $980K (+313.1%) Shares 2,143 (+332.1%) Share Price $457.29 Est. Cost/Share $419.56 Unrealized @ Report Date +8.7%

SCHW Charles Schwab Corp. 0.4%

Value $1.089M (+143.6%) Shares 11,141 (+129.9%) Share Price $97.74 Est. Cost/Share $89.71 Unrealized @ Report Date +8.9%

CNSWF Constellation Software 0.4%

Value $1.154M (+114.4%) Shares 569 (+99.6%) Share Price $2028.24 Est. Cost/Share $1989.43 Unrealized @ Report Date +1.9%

ICE Intercontinental Exchange Inc 0.4%

Value $1.106M (+123.8%) Shares 7,278 (+81.2%) Share Price $152.03 Est. Cost/Share $128.92 Unrealized @ Report Date +17.9%

FWONK Formula One Series C (Liberty Media Corp) 0.3%

Value $1.045M (+100.5%) Shares 11,309 (+106.4%) Share Price $92.40 Est. Cost/Share $81.97 Unrealized @ Report Date —

META Meta Platforms 0.3%

Value $843K (+100.8%) Shares 1,162 (+56.0%) Share Price $725.18 Est. Cost/Share $332.42 Unrealized @ Report Date +118.2%

MSFT Microsoft Corp 0.3%

Value $1.049M (+57.2%) Shares 2,045 (+14.3%) Share Price $512.90 Est. Cost/Share $310.16 Unrealized @ Report Date +65.4%

UNH UnitedHealth Group Inc 1.3%

Value $4.049M (-3.8%) Shares 11,029 (+9.0%) Share Price $367.08 Est. Cost/Share $284.56 Unrealized @ Report Date +29.0%

ZTS Zoetis Inc Class A 1.0%

Value $3.016M (+3.9%) Shares 43,189 (+7.0%) Share Price $69.83 Est. Cost/Share $121.22 Unrealized @ Report Date -42.4%

KNSL Kinsale Cap Group Inc 3.1%

Value $9.489M (+0.7%) Shares 29,402 (+2.9%) Share Price $322.75 Est. Cost/Share $378.31 Unrealized @ Report Date -14.7%

ORCL Oracle Corp 4.5%

Value $13.47M (-0.4%) Shares 98,136 (+6.3%) Share Price $137.30 Est. Cost/Share $91.92 Unrealized @ Report Date +49.4%

JPM JPMorgan Chase & Co 0.1%

Value $343K (+9.8%) Shares 1,036 (+8.6%) Share Price $330.83 Est. Cost/Share $161.11 Unrealized @ Report Date +105.3%

LLY Eli Lilly & Co 0.1%

Value $396K (+5.7%) Shares 342 (+9.6%) Share Price $1157.08 Est. Cost/Share $868.57 Unrealized @ Report Date +33.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
RYCEF	Rolls-Royce Holdings	108,600 (+561.8%)	$2.106M (+569.8%)	0.7%	$19.39	$18.32	+4.1%	COM	G76225104
GOOG	Alphabet Inc. Class C	10,119 (+85.2%)	$3.448M (+78.6%)	1.1%	$340.74	$219.38	+55.3%	COM	02079K107
PCOR	Procore Technologies Inc	104,916 (+1.2%)	$5.426M (+28.8%)	1.8%	$51.72	$61.14	-15.4%	COM	74275K108
ERFSF	Eurofins Scientific	16,195 (+117.9%)	$1.376M (+136.4%)	0.5%	$84.99	$74.60	+13.7%	COM	L31839134
TSM	Taiwan Semiconductor	2,143 (+332.1%)	$980K (+313.1%)	0.3%	$457.29	$419.56	+8.7%	COM	874039100
SCHW	Charles Schwab Corp.	11,141 (+129.9%)	$1.089M (+143.6%)	0.4%	$97.74	$89.71	+8.9%	COM	808513105
CNSWF	Constellation Software	569 (+99.6%)	$1.154M (+114.4%)	0.4%	$2028.24	$1989.43	+1.9%	COM	21037X100
ICE	Intercontinental Exchange Inc	7,278 (+81.2%)	$1.106M (+123.8%)	0.4%	$152.03	$128.92	+17.9%	COM	45866F104
FWONK	Formula One Series C (Liberty Media Corp)	11,309 (+106.4%)	$1.045M (+100.5%)	0.3%	$92.40	$81.97	—	COM	531229755
META	Meta Platforms	1,162 (+56.0%)	$843K (+100.8%)	0.3%	$725.18	$332.42	+118.2%	COM	30303M102
MSFT	Microsoft Corp	2,045 (+14.3%)	$1.049M (+57.2%)	0.3%	$512.90	$310.16	+65.4%	COM	594918104
UNH	UnitedHealth Group Inc	11,029 (+9.0%)	$4.049M (-3.8%)	1.3%	$367.08	$284.56	+29.0%	COM	91324P102
ZTS	Zoetis Inc Class A	43,189 (+7.0%)	$3.016M (+3.9%)	1.0%	$69.83	$121.22	-42.4%	COM	98978V103
KNSL	Kinsale Cap Group Inc	29,402 (+2.9%)	$9.489M (+0.7%)	3.1%	$322.75	$378.31	-14.7%	COM	49714P108
ORCL	Oracle Corp	98,136 (+6.3%)	$13.47M (-0.4%)	4.5%	$137.30	$91.92	+49.4%	COM	68389X105
JPM	JPMorgan Chase & Co	1,036 (+8.6%)	$343K (+9.8%)	0.1%	$330.83	$161.11	+105.3%	COM	46625H100
LLY	Eli Lilly & Co	342 (+9.6%)	$396K (+5.7%)	0.1%	$1157.08	$868.57	+33.2%	COM	532457108

Exited Positions (6)

XOM Exxon Mobil Corp 0.2%

Value $646K Shares 4,724 Share Price $136.72 * Est. Cost/Share $38.89 Unrealized @ Report Date +318.4%

CACC Credit Accept Corp 0.1%

Value $311K Shares 489 Share Price $636.74 * Est. Cost/Share $449.09 Unrealized @ Report Date +18.2%

IBM IBM Corp 0.1%

Value $288K Shares 1,025 Share Price $281.21 * Est. Cost/Share $118.05 Unrealized @ Report Date +86.3%

GEF Greif Inc Class A 0.1%

Value $254K Shares 3,388 Share Price $75.11 * Est. Cost/Share $29.59 Unrealized @ Report Date +169.0%

TJX TJX Companies Inc 0.1%

Value $210K Shares 1,386 Share Price $151.50 * Est. Cost/Share $132.28 Unrealized @ Report Date +0.0%

ALOT Astronova Inc 0.1%

Value $201K Shares 7,054 Share Price $28.47 Est. Cost/Share $16.02 Unrealized @ Report Date +80.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XOM	Exxon Mobil Corp	4,724	$646K	0.2%	$136.72 *	$38.89	+318.4%	—	30231G102
CACC	Credit Accept Corp	489	$311K	0.1%	$636.74 *	$449.09	+18.2%	—	225310101
IBM	IBM Corp	1,025	$288K	0.1%	$281.21 *	$118.05	+86.3%	—	459200101
GEF	Greif Inc Class A	3,388	$254K	0.1%	$75.11 *	$29.59	+169.0%	—	397624107
TJX	TJX Companies Inc	1,386	$210K	0.1%	$151.50 *	$132.28	+0.0%	—	872540109
ALOT	Astronova Inc	7,054	$201K	0.1%	$28.47	$16.02	+80.9%	—	04638F108

Decreased Positions (7)

AMAT Applied Materials 15.4%

Value $46.62M (-36.4%) Shares 91,166 (-10.0%) Share Price $511.38 Est. Cost/Share $82.86 Unrealized @ Report Date +517.1%

NET Cloudflare Inc 2.8%

Value $8.404M (+27.3%) Shares 24,199 (-10.1%) Share Price $347.28 Est. Cost/Share $62.68 Unrealized @ Report Date +454.0%

NVDA Nvidia Corp. 0.3%

Value $935K (-25.9%) Shares 4,089 (-35.1%) Share Price $228.63 Est. Cost/Share $205.61 Unrealized @ Report Date +11.1%

YUM Yum Brands Inc 0.1%

Value $418K (-29.9%) Shares 3,066 (-17.8%) Share Price $136.34 Est. Cost/Share $76.84 Unrealized @ Report Date +77.4%

VOO Vanguard S&P 500 ETF 0.2%

Value $600K (-14.7%) Shares 856 (-16.4%) Share Price $700.86 Est. Cost/Share $541.34 Unrealized @ Report Date +29.5%

MU Micron Technology 0.1%

Value $213K (-18.7%) Shares 200 (-11.9%) Share Price $1065.11 Est. Cost/Share $749.89 Unrealized @ Report Date +42.0%

JNJ Johnson & Johnson 0.2%

Value $738K (-0.2%) Shares 2,789 (-4.2%) Share Price $264.74 Est. Cost/Share $160.37 Unrealized @ Report Date +65.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AMAT	Applied Materials	91,166 (-10.0%)	$46.62M (-36.4%)	15.4%	$511.38	$82.86	+517.1%	COM	038222105
NET	Cloudflare Inc	24,199 (-10.1%)	$8.404M (+27.3%)	2.8%	$347.28	$62.68	+454.0%	COM	18915M107
NVDA	Nvidia Corp.	4,089 (-35.1%)	$935K (-25.9%)	0.3%	$228.63	$205.61	+11.1%	COM	67066G104
YUM	Yum Brands Inc	3,066 (-17.8%)	$418K (-29.9%)	0.1%	$136.34	$76.84	+77.4%	COM	988498101
VOO	Vanguard S&P 500 ETF	856 (-16.4%)	$600K (-14.7%)	0.2%	$700.86	$541.34	+29.5%	ETF	922908363
MU	Micron Technology	200 (-11.9%)	$213K (-18.7%)	0.1%	$1065.11	$749.89	+42.0%	COM	595112103
JNJ	Johnson & Johnson	2,789 (-4.2%)	$738K (-0.2%)	0.2%	$264.74	$160.37	+65.1%	COM	478160104

Unchanged Positions (25)

CDNS Cadence Design Systems 4.8%

Value $14.47M Shares 43,827 Share Price $330.19 Est. Cost/Share $278.09 Unrealized @ Report Date +18.7%

PGR Progressive Co. 4.7%

Value $14.07M Shares 67,877 Share Price $207.31 Est. Cost/Share $66.35 Unrealized @ Report Date +212.4%

MLM Martin Marietta Matr 1.3%

Value $3.913M Shares 8,155 Share Price $479.81 Est. Cost/Share $187.24 Unrealized @ Report Date +156.2%

WFC Wells Fargo & Co. 6.3%

Value $19.12M Shares 238,821 Share Price $80.05 Est. Cost/Share $25.10 Unrealized @ Report Date +219.0%

USB US Bancorp 4.7%

Value $14.23M Shares 244,054 Share Price $58.30 Est. Cost/Share $27.99 Unrealized @ Report Date +106.4%

GOOGL Alphabet Inc. Class A 5.5%

Value $16.52M Shares 48,012 Share Price $344.08 Est. Cost/Share $111.74 Unrealized @ Report Date +207.9%

LOW Lowes Companies Inc 1.0%

Value $3.014M Shares 16,352 Share Price $184.29 Est. Cost/Share $103.31 Unrealized @ Report Date +78.4%

BRO Brown & Brown Inc 2.1%

Value $6.242M Shares 102,499 Share Price $60.90 Est. Cost/Share $37.12 Unrealized @ Report Date +64.1%

PEP Pepsico Inc 1.5%

Value $4.651M Shares 36,706 Share Price $126.72 Est. Cost/Share $111.36 Unrealized @ Report Date +13.8%

LH Labcorp, Inc 0.9%

Value $2.76M Shares 8,959 Share Price $308.11 Est. Cost/Share $199.67 Unrealized @ Report Date +54.3%

BRK/B Berkshire Hathaway Class B 21.9%

Value $66.13M Shares 132,808 Share Price $497.95 Est. Cost/Share $184.36 Unrealized @ Report Date +170.1%

AAPL Apple Inc 0.4%

Value $1.114M Shares 3,344 Share Price $333.11 Est. Cost/Share $257.60 Unrealized @ Report Date +29.3%

AON Aon PLC F Class A 0.2%

Value $526K Shares 1,900 Share Price $276.77 Est. Cost/Share $178.56 Unrealized @ Report Date +55.0%

ABT Abbott Laboratories 0.2%

Value $685K Shares 6,930 Share Price $98.83 Est. Cost/Share $82.38 Unrealized @ Report Date +20.0%

ABBV Abbvie Inc 0.3%

Value $918K Shares 3,511 Share Price $261.59 Est. Cost/Share $79.94 Unrealized @ Report Date +227.2%

KKR KKR & Co Inc 3.2%

Value $9.511M Shares 104,168 Share Price $91.30 Est. Cost/Share $49.21 Unrealized @ Report Date +85.5%

FRFHF Fairfax Finl HL F 0.1%

Value $382K Shares 244 Share Price $1565.47 Est. Cost/Share $274.42 Unrealized @ Report Date +470.5%

J Jacobs Solutions Inc 0.1%

Value $287K Shares 2,118 Share Price $135.27 Est. Cost/Share $100.57 Unrealized @ Report Date +34.5%

WSFS WSFS Finl Co 0.4%

Value $1.105M Shares 14,621 Share Price $75.57 Est. Cost/Share $26.47 Unrealized @ Report Date +185.5%

V Visa Inc Class A 0.1%

Value $295K Shares 820 Share Price $359.42 Est. Cost/Share $336.32 Unrealized @ Report Date +6.8%

PM Philip Morris Intl 0.1%

Value $290K Shares 1,522 Share Price $190.82 Est. Cost/Share $136.99 Unrealized @ Report Date +39.3%

FWONA Formula One Series A (Liberty Media Corp) 0.1%

Value $243K Shares 2,866 Share Price $84.63 Est. Cost/Share $71.53 Unrealized @ Report Date —

SAFRF Safran SA Paris Ordf 0.1%

Value $207K Shares 547 Share Price $378.92 Est. Cost/Share $345.95 Unrealized @ Report Date +8.6%

BRK/A Berkshire Hathaway Class A 0.2%

Value $747K Shares 1 Share Price $747005.00 Est. Cost/Share $729330.75 Unrealized @ Report Date +2.4%

BK Bank Of NY Mellon Co 0.4%

Value $1.265M Shares 8,749 Share Price $144.63 Est. Cost/Share $33.70 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CDNS	Cadence Design Systems	43,827	$14.47M	4.8%	$330.19	$278.09	+18.7%	COM	127387108
PGR	Progressive Co.	67,877	$14.07M	4.7%	$207.31	$66.35	+212.4%	COM	743315103
MLM	Martin Marietta Matr	8,155	$3.913M	1.3%	$479.81	$187.24	+156.2%	COM	573284106
WFC	Wells Fargo & Co.	238,821	$19.12M	6.3%	$80.05	$25.10	+219.0%	COM	949746101
USB	US Bancorp	244,054	$14.23M	4.7%	$58.30	$27.99	+106.4%	COM	902973304
GOOGL	Alphabet Inc. Class A	48,012	$16.52M	5.5%	$344.08	$111.74	+207.9%	COM	02079K305
LOW	Lowes Companies Inc	16,352	$3.014M	1.0%	$184.29	$103.31	+78.4%	COM	548661107
BRO	Brown & Brown Inc	102,499	$6.242M	2.1%	$60.90	$37.12	+64.1%	COM	115236101
PEP	Pepsico Inc	36,706	$4.651M	1.5%	$126.72	$111.36	+13.8%	COM	713448108
LH	Labcorp, Inc	8,959	$2.76M	0.9%	$308.11	$199.67	+54.3%	COM	504922105
BRK/B	Berkshire Hathaway Class B	132,808	$66.13M	21.9%	$497.95	$184.36	+170.1%	COM	084670702
AAPL	Apple Inc	3,344	$1.114M	0.4%	$333.11	$257.60	+29.3%	COM	037833100
AON	Aon PLC F Class A	1,900	$526K	0.2%	$276.77	$178.56	+55.0%	COM	G0403H108
ABT	Abbott Laboratories	6,930	$685K	0.2%	$98.83	$82.38	+20.0%	COM	002824100
ABBV	Abbvie Inc	3,511	$918K	0.3%	$261.59	$79.94	+227.2%	COM	00287Y109
KKR	KKR & Co Inc	104,168	$9.511M	3.2%	$91.30	$49.21	+85.5%	COM	48251W104
FRFHF	Fairfax Finl HL F	244	$382K	0.1%	$1565.47	$274.42	+470.5%	COM	303901102
J	Jacobs Solutions Inc	2,118	$287K	0.1%	$135.27	$100.57	+34.5%	COM	46982L108
WSFS	WSFS Finl Co	14,621	$1.105M	0.4%	$75.57	$26.47	+185.5%	COM	929328102
V	Visa Inc Class A	820	$295K	0.1%	$359.42	$336.32	+6.8%	COM	92826C839
PM	Philip Morris Intl	1,522	$290K	0.1%	$190.82	$136.99	+39.3%	COM	718172109
FWONA	Formula One Series A (Liberty Media Corp)	2,866	$243K	0.1%	$84.63	$71.53	—	COM	531229771
SAFRF	Safran SA Paris Ordf	547	$207K	0.1%	$378.92	$345.95	+8.6%	COM	F4035A557
BRK/A	Berkshire Hathaway Class A	1	$747K	0.2%	$747005.00	$729330.75	+2.4%	COM	084670108
BK	Bank Of NY Mellon Co	8,749	$1.265M	0.4%	$144.63	$33.70	—	COM	064058100