FENIMORE ASSET MANAGEMENT INC Diversified Active

Name: FENIMORE ASSET MANAGEMENT INC Q3 2026 13F Filing | 13F Explorer
Creator: FENIMORE ASSET MANAGEMENT INC
Published: 2026-10-08

Location: Cobleskill, NY

CIK: 0000884566 · Show all filings

Period: Q3 2026 (← Previous)

Filing Date: Oct 8, 2026

Total Value: $4.555B (100.0% shares, 0.0% debt)

Holdings (93)

New Positions (4)

STVN Stevanato 0.3%

Value $12.21M Shares 582,070 Share Price $20.98 Est. Cost/Share $20.67 Unrealized @ Report Date +1.5%

ULS UL Solutions 0.3%

Value $11.66M Shares 177,751 Share Price $65.62 Est. Cost/Share $78.34 Unrealized @ Report Date -16.2%

MBGL Mobility Global Inc 0.2%

Value $10.43M Shares 608,454 Share Price $17.15 Est. Cost/Share $20.11 Unrealized @ Report Date -14.7%

XOM Exxonmobil Holdings Corp 0.0%

Value $550K Shares 3,378 Share Price $162.75 Est. Cost/Share $162.75 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
STVN	Stevanato	582,070	$12.21M	0.3%	$20.98	$20.67	+1.5%	COM	T9224W109
ULS	UL Solutions	177,751	$11.66M	0.3%	$65.62	$78.34	-16.2%	COM	903731107
MBGL	Mobility Global Inc	608,454	$10.43M	0.2%	$17.15	$20.11	-14.7%	COM	60744M106
XOM	Exxonmobil Holdings Corp	3,378	$550K	0.0%	$162.75	$162.75	—	COM	30233Q108

Increased Positions (16)

TMO Thermo Fisher Scientific Inc. 0.8%

Value $36.34M (+1086.2%) Shares 53,830 (+781.0%) Share Price $675.05 Est. Cost/Share $581.12 Unrealized @ Report Date +16.2%

APH Amphenol Corp. 5.2%

Value $239M (-8.7%) Shares 2,834,126 (+90.9%) Share Price $84.30 Est. Cost/Share $90.25 Unrealized @ Report Date -6.6%

SPGI S&P Global Inc. 1.4%

Value $62.75M (+28.4%) Shares 159,081 (+32.6%) Share Price $394.47 Est. Cost/Share $451.75 Unrealized @ Report Date -12.7%

HLI Houlihan Lokey Inc. 0.7%

Value $32.44M (+44.0%) Shares 256,760 (+52.9%) Share Price $126.34 Est. Cost/Share $146.86 Unrealized @ Report Date -14.0%

MLM Martin Marietta Mat 0.9%

Value $42.88M (-15.6%) Shares 89,370 (+1.4%) Share Price $479.81 Est. Cost/Share $488.84 Unrealized @ Report Date -1.8%

WSO Watsco, Inc. 0.6%

Value $28.85M (-13.7%) Shares 95,325 (+18.8%) Share Price $302.69 Est. Cost/Share $340.05 Unrealized @ Report Date -11.0%

MSI Motorola Solutions, Inc. 0.5%

Value $21.03M (+22.9%) Shares 47,150 (+14.4%) Share Price $445.97 Est. Cost/Share $422.55 Unrealized @ Report Date +5.5%

NDAQ Nasdaq, Inc. 0.5%

Value $20.56M (+20.1%) Shares 223,406 (+2.9%) Share Price $92.01 Est. Cost/Share $87.88 Unrealized @ Report Date +4.7%

TYL Tyler Technologies Inc 0.7%

Value $30.06M (+11.9%) Shares 94,361 (+2.8%) Share Price $318.60 Est. Cost/Share $316.53 Unrealized @ Report Date +0.7%

FND Floor & Decor Holdings 0.4%

Value $17.98M (-14.3%) Shares 392,536 (+11.0%) Share Price $45.81 Est. Cost/Share $65.00 Unrealized @ Report Date -29.5%

OSW One Spa World Holdings Ltd. 0.2%

Value $10.36M (-19.3%) Shares 460,436 (+1.3%) Share Price $22.49 Est. Cost/Share $14.29 Unrealized @ Report Date +57.4%

ESAB Esab Corporation 0.4%

Value $16.34M (+17.4%) Shares 248,030 (+75.7%) Share Price $65.88 Est. Cost/Share $92.40 Unrealized @ Report Date -28.7%

SITE Siteone Landscape Supply Inc. 0.3%

Value $14.85M (-13.8%) Shares 164,444 (+9.1%) Share Price $90.31 Est. Cost/Share $150.12 Unrealized @ Report Date -39.8%

CIGI Colliers International Group I 0.5%

Value $23.72M (+3.0%) Shares 264,147 (+7.6%) Share Price $89.80 Est. Cost/Share $85.31 Unrealized @ Report Date +5.3%

FSV FirstService Corporation 0.4%

Value $16.73M (-3.8%) Shares 130,824 (+6.9%) Share Price $127.88 Est. Cost/Share $162.64 Unrealized @ Report Date -21.4%

RYAN Ryan Specialty Holdings, Inc 1.1%

Value $49.23M (-0.2%) Shares 1,330,600 (+1.8%) Share Price $37.00 Est. Cost/Share $39.12 Unrealized @ Report Date -5.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TMO	Thermo Fisher Scientific Inc.	53,830 (+781.0%)	$36.34M (+1086.2%)	0.8%	$675.05	$581.12	+16.2%	COM	883556102
APH	Amphenol Corp.	2,834,126 (+90.9%)	$239M (-8.7%)	5.2%	$84.30	$90.25	-6.6%	COM	032095101
SPGI	S&P Global Inc.	159,081 (+32.6%)	$62.75M (+28.4%)	1.4%	$394.47	$451.75	-12.7%	COM	78409V104
HLI	Houlihan Lokey Inc.	256,760 (+52.9%)	$32.44M (+44.0%)	0.7%	$126.34	$146.86	-14.0%	COM	441593100
MLM	Martin Marietta Mat	89,370 (+1.4%)	$42.88M (-15.6%)	0.9%	$479.81	$488.84	-1.8%	COM	573284106
WSO	Watsco, Inc.	95,325 (+18.8%)	$28.85M (-13.7%)	0.6%	$302.69	$340.05	-11.0%	COM	942622200
MSI	Motorola Solutions, Inc.	47,150 (+14.4%)	$21.03M (+22.9%)	0.5%	$445.97	$422.55	+5.5%	COM	620076307
NDAQ	Nasdaq, Inc.	223,406 (+2.9%)	$20.56M (+20.1%)	0.5%	$92.01	$87.88	+4.7%	COM	631103108
TYL	Tyler Technologies Inc	94,361 (+2.8%)	$30.06M (+11.9%)	0.7%	$318.60	$316.53	+0.7%	COM	902252105
FND	Floor & Decor Holdings	392,536 (+11.0%)	$17.98M (-14.3%)	0.4%	$45.81	$65.00	-29.5%	COM	339750101
OSW	One Spa World Holdings Ltd.	460,436 (+1.3%)	$10.36M (-19.3%)	0.2%	$22.49	$14.29	+57.4%	COM	P73684113
ESAB	Esab Corporation	248,030 (+75.7%)	$16.34M (+17.4%)	0.4%	$65.88	$92.40	-28.7%	COM	29605J106
SITE	Siteone Landscape Supply Inc.	164,444 (+9.1%)	$14.85M (-13.8%)	0.3%	$90.31	$150.12	-39.8%	COM	82982L103
CIGI	Colliers International Group I	264,147 (+7.6%)	$23.72M (+3.0%)	0.5%	$89.80	$85.31	+5.3%	COM	194693107
FSV	FirstService Corporation	130,824 (+6.9%)	$16.73M (-3.8%)	0.4%	$127.88	$162.64	-21.4%	COM	33767E202
RYAN	Ryan Specialty Holdings, Inc	1,330,600 (+1.8%)	$49.23M (-0.2%)	1.1%	$37.00	$39.12	-5.4%	COM	78351F107

Exited Positions (3)

CBZ CBIZ, Inc. 0.5%

Value $21.87M Shares 681,628 Share Price $32.08 * Est. Cost/Share $23.51 Unrealized @ Report Date +132.7%

XOM Exxon Mobil Corporation 0.0%

Value $462K Shares 3,378 Share Price $136.72 * Est. Cost/Share $101.21 Unrealized @ Report Date +60.8%

EOG EOG Resources, Inc. 0.0%

Value $278K Shares 2,140 Share Price $129.73 * Est. Cost/Share $117.14 Unrealized @ Report Date +17.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CBZ	CBIZ, Inc.	681,628	$21.87M	0.5%	$32.08 *	$23.51	+132.7%	—	124805102
XOM	Exxon Mobil Corporation	3,378	$462K	0.0%	$136.72 *	$101.21	+60.8%	—	30231G102
EOG	EOG Resources, Inc.	2,140	$278K	0.0%	$129.73 *	$117.14	+17.6%	—	26875P101

Decreased Positions (26)

CDW CDW Corporation 1.0%

Value $46.11M (-53.8%) Shares 359,805 (-49.3%) Share Price $128.16 Est. Cost/Share $193.29 Unrealized @ Report Date -33.7%

ZBRA Zebra Technologies A 2.6%

Value $120M (+26.0%) Shares 321,007 (-11.2%) Share Price $373.31 Est. Cost/Share $301.78 Unrealized @ Report Date +23.7%

TT Trane Technologies PLC 3.0%

Value $137M (-14.2%) Shares 303,706 (-6.8%) Share Price $451.98 Est. Cost/Share $195.76 Unrealized @ Report Date +130.9%

EXLS Exlservice Holdings Inc. 0.5%

Value $23.87M (-46.2%) Shares 694,432 (-59.6%) Share Price $34.38 Est. Cost/Share $28.13 Unrealized @ Report Date +22.2%

MCHP Microchip Technology Incorpora 2.3%

Value $106M (-15.7%) Shares 1,366,210 (-1.1%) Share Price $77.77 Est. Cost/Share $51.61 Unrealized @ Report Date +50.7%

HEI/A HEICO Corp. Class A 2.1%

Value $96M (-14.1%) Shares 420,436 (-3.0%) Share Price $228.33 Est. Cost/Share $124.53 Unrealized @ Report Date +83.3%

VRSK Verisk Analytics Inc. 0.5%

Value $21.25M (-39.7%) Shares 126,604 (-35.5%) Share Price $167.85 Est. Cost/Share $234.27 Unrealized @ Report Date -28.4%

BWIN The Baldwin Insurance Group In 0.2%

Value $8.571M (-59.5%) Shares 269,627 (-66.1%) Share Price $31.79 Est. Cost/Share $32.99 Unrealized @ Report Date -3.6%

ENTG Entegris, Inc. 1.2%

Value $54.79M (-15.2%) Shares 355,630 (-1.0%) Share Price $154.06 Est. Cost/Share $100.67 Unrealized @ Report Date +53.0%

BIPC Brookfield Infrastructure Corp 0.1%

Value $5.657M (-59.5%) Shares 158,867 (-56.3%) Share Price $35.61 Est. Cost/Share $40.16 Unrealized @ Report Date -11.3%

ESI Element Solutions Inc 0.2%

Value $8.563M (-46.9%) Shares 236,025 (-30.1%) Share Price $36.28 Est. Cost/Share $19.24 Unrealized @ Report Date +88.6%

PNFP Pinnacle Financial Partners In 1.7%

Value $77.25M (-8.2%) Shares 825,186 (-1.1%) Share Price $93.61 Est. Cost/Share $93.10 Unrealized @ Report Date +0.6%

FTDR Frontdoor, Inc. 0.3%

Value $12.71M (-31.5%) Shares 173,780 (-27.3%) Share Price $73.12 Est. Cost/Share $32.94 Unrealized @ Report Date +122.0%

ROST Ross Stores, Inc. 5.9%

Value $270M (+2.2%) Shares 1,155,890 (-6.8%) Share Price $233.40 Est. Cost/Share $41.85 Unrealized @ Report Date +457.7%

IEX IDEX Corporation 3.9%

Value $176M (-2.9%) Shares 772,862 (-3.3%) Share Price $227.98 Est. Cost/Share $209.64 Unrealized @ Report Date +8.7%

AJG Arthur J. Gallagher & Co. 2.8%

Value $128M (-3.0%) Shares 563,148 (-2.4%) Share Price $228.11 Est. Cost/Share $114.12 Unrealized @ Report Date +99.9%

CTAS Cintas Corp 1.1%

Value $52.29M (+8.4%) Shares 268,061 (-5.5%) Share Price $195.06 Est. Cost/Share $164.70 Unrealized @ Report Date +18.4%

RSG Republic Services, Inc. 1.2%

Value $55.79M (-6.7%) Shares 265,824 (-5.2%) Share Price $209.87 Est. Cost/Share $76.05 Unrealized @ Report Date +176.0%

BR Broadridge Financial Solutions 0.8%

Value $38.17M (+9.5%) Shares 236,910 (-6.9%) Share Price $161.10 Est. Cost/Share $173.84 Unrealized @ Report Date -7.3%

ADI Analog Devices Inc 4.0%

Value $184M (-1.7%) Shares 464,537 (-1.6%) Share Price $396.71 Est. Cost/Share $119.03 Unrealized @ Report Date +233.3%

KEYS Keysight Technologies Inc. 3.7%

Value $171M (+1.1%) Shares 469,043 (-2.8%) Share Price $364.04 Est. Cost/Share $156.28 Unrealized @ Report Date +132.9%

AME Ametek, Inc. 2.0%

Value $89.58M (+1.4%) Shares 361,611 (-1.0%) Share Price $247.73 Est. Cost/Share $168.20 Unrealized @ Report Date +47.3%

CHH Choice Hotels International, I 0.3%

Value $12.85M (-8.5%) Shares 125,443 (-1.5%) Share Price $102.41 Est. Cost/Share $61.18 Unrealized @ Report Date +67.4%

PAYX Paychex Inc 0.5%

Value $20.96M (-3.8%) Shares 212,743 (-3.9%) Share Price $98.50 Est. Cost/Share $77.61 Unrealized @ Report Date +26.9%

FAST Fastenal Co 3.4%

Value $155M (-0.1%) Shares 3,124,839 (-3.1%) Share Price $49.53 Est. Cost/Share $27.36 Unrealized @ Report Date +81.0%

BRK/B Berkshire Hathaway Inc. B 0.1%

Value $5.204M (-1.8%) Shares 10,450 (-1.3%) Share Price $497.95 Est. Cost/Share $125.64 Unrealized @ Report Date +296.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CDW	CDW Corporation	359,805 (-49.3%)	$46.11M (-53.8%)	1.0%	$128.16	$193.29	-33.7%	COM	12514G108
ZBRA	Zebra Technologies A	321,007 (-11.2%)	$120M (+26.0%)	2.6%	$373.31	$301.78	+23.7%	COM	989207105
TT	Trane Technologies PLC	303,706 (-6.8%)	$137M (-14.2%)	3.0%	$451.98	$195.76	+130.9%	COM	G8994E103
EXLS	Exlservice Holdings Inc.	694,432 (-59.6%)	$23.87M (-46.2%)	0.5%	$34.38	$28.13	+22.2%	COM	302081104
MCHP	Microchip Technology Incorpora	1,366,210 (-1.1%)	$106M (-15.7%)	2.3%	$77.77	$51.61	+50.7%	COM	595017104
HEI/A	HEICO Corp. Class A	420,436 (-3.0%)	$96M (-14.1%)	2.1%	$228.33	$124.53	+83.3%	COM	422806208
VRSK	Verisk Analytics Inc.	126,604 (-35.5%)	$21.25M (-39.7%)	0.5%	$167.85	$234.27	-28.4%	COM	92345Y106
BWIN	The Baldwin Insurance Group In	269,627 (-66.1%)	$8.571M (-59.5%)	0.2%	$31.79	$32.99	-3.6%	COM	05589G102
ENTG	Entegris, Inc.	355,630 (-1.0%)	$54.79M (-15.2%)	1.2%	$154.06	$100.67	+53.0%	COM	29362U104
BIPC	Brookfield Infrastructure Corp	158,867 (-56.3%)	$5.657M (-59.5%)	0.1%	$35.61	$40.16	-11.3%	COM	11276H106
ESI	Element Solutions Inc	236,025 (-30.1%)	$8.563M (-46.9%)	0.2%	$36.28	$19.24	+88.6%	COM	28618M106
PNFP	Pinnacle Financial Partners In	825,186 (-1.1%)	$77.25M (-8.2%)	1.7%	$93.61	$93.10	+0.6%	COM	72348N109
FTDR	Frontdoor, Inc.	173,780 (-27.3%)	$12.71M (-31.5%)	0.3%	$73.12	$32.94	+122.0%	COM	35905A109
ROST	Ross Stores, Inc.	1,155,890 (-6.8%)	$270M (+2.2%)	5.9%	$233.40	$41.85	+457.7%	COM	778296103
IEX	IDEX Corporation	772,862 (-3.3%)	$176M (-2.9%)	3.9%	$227.98	$209.64	+8.7%	COM	45167R104
AJG	Arthur J. Gallagher & Co.	563,148 (-2.4%)	$128M (-3.0%)	2.8%	$228.11	$114.12	+99.9%	COM	363576109
CTAS	Cintas Corp	268,061 (-5.5%)	$52.29M (+8.4%)	1.1%	$195.06	$164.70	+18.4%	COM	172908105
RSG	Republic Services, Inc.	265,824 (-5.2%)	$55.79M (-6.7%)	1.2%	$209.87	$76.05	+176.0%	COM	760759100
BR	Broadridge Financial Solutions	236,910 (-6.9%)	$38.17M (+9.5%)	0.8%	$161.10	$173.84	-7.3%	COM	11133T103
ADI	Analog Devices Inc	464,537 (-1.6%)	$184M (-1.7%)	4.0%	$396.71	$119.03	+233.3%	COM	032654105
KEYS	Keysight Technologies Inc.	469,043 (-2.8%)	$171M (+1.1%)	3.7%	$364.04	$156.28	+132.9%	COM	49338L103
AME	Ametek, Inc.	361,611 (-1.0%)	$89.58M (+1.4%)	2.0%	$247.73	$168.20	+47.3%	COM	031100100
CHH	Choice Hotels International, I	125,443 (-1.5%)	$12.85M (-8.5%)	0.3%	$102.41	$61.18	+67.4%	COM	169905106
PAYX	Paychex Inc	212,743 (-3.9%)	$20.96M (-3.8%)	0.5%	$98.50	$77.61	+26.9%	COM	704326107
FAST	Fastenal Co	3,124,839 (-3.1%)	$155M (-0.1%)	3.4%	$49.53	$27.36	+81.0%	COM	311900104
BRK/B	Berkshire Hathaway Inc. B	10,450 (-1.3%)	$5.204M (-1.8%)	0.1%	$497.95	$125.64	+296.3%	COM	084670702

Unchanged Positions (47)

VMC Vulcan Materials 3.5%

Value $160M Shares 655,412 Share Price $244.63 Est. Cost/Share $126.65 Unrealized @ Report Date +93.2%

MKL Markel Corporation 3.3%

Value $148M Shares 86,571 Share Price $1712.45 Est. Cost/Share $595.18 Unrealized @ Report Date +187.7%

BN Brookfield Corp 2.7%

Value $125M Shares 3,434,689 Share Price $36.46 Est. Cost/Share $29.88 Unrealized @ Report Date +22.0%

A Agilent Technologies Inc 2.1%

Value $96.2M Shares 558,284 Share Price $172.31 Est. Cost/Share $120.07 Unrealized @ Report Date +43.5%

SYK Stryker Corporation 3.3%

Value $152M Shares 550,558 Share Price $275.39 Est. Cost/Share $84.58 Unrealized @ Report Date +225.6%

LSTR Landstar System, Inc. 1.9%

Value $85.8M Shares 508,778 Share Price $168.64 Est. Cost/Share $129.91 Unrealized @ Report Date —

AZO AutoZone, Inc. 2.0%

Value $91.32M Shares 32,269 Share Price $2830.02 Est. Cost/Share $588.04 Unrealized @ Report Date +381.3%

BKNG Booking Holdings Inc. 1.8%

Value $81.48M Shares 500,147 Share Price $162.91 Est. Cost/Share $281.05 Unrealized @ Report Date -42.0%

BRO Brown & Brown, Inc. 3.0%

Value $136M Shares 2,232,203 Share Price $60.90 Est. Cost/Share $22.77 Unrealized @ Report Date +167.4%

PGR Progressive Corp. 2.5%

Value $115M Shares 553,861 Share Price $207.31 Est. Cost/Share $98.45 Unrealized @ Report Date +110.6%

ITW Illinois Tool Works Inc. 2.2%

Value $100M Shares 389,384 Share Price $257.28 Est. Cost/Share $66.74 Unrealized @ Report Date +285.5%

SPSC SPS Commerce Inc. 0.4%

Value $16.14M Shares 195,804 Share Price $82.44 Est. Cost/Share $141.61 Unrealized @ Report Date -41.8%

GIL Gildan Activewear Inc 0.5%

Value $21.05M Shares 493,748 Share Price $42.63 Est. Cost/Share $60.32 Unrealized @ Report Date -29.3%

CWST Casella Waste System Inc. 0.3%

Value $15.41M Shares 191,816 Share Price $80.35 Est. Cost/Share $96.20 Unrealized @ Report Date -16.5%

NOVT Novanta Inc 0.4%

Value $16.59M Shares 116,691 Share Price $142.19 Est. Cost/Share $113.88 Unrealized @ Report Date +24.9%

DSGX Descartes Systems Group Inc. 0.3%

Value $13.13M Shares 162,383 Share Price $80.86 Est. Cost/Share $49.55 Unrealized @ Report Date +63.2%

EXPO Exponent, Inc. 0.4%

Value $17.36M Shares 265,398 Share Price $65.42 Est. Cost/Share $79.74 Unrealized @ Report Date -18.0%

FELE Franklin Electric Co., Inc. 0.3%

Value $12.82M Shares 133,740 Share Price $95.89 Est. Cost/Share $29.03 Unrealized @ Report Date +230.3%

CHE Chemed Corp 0.4%

Value $18.5M Shares 36,631 Share Price $505.07 Est. Cost/Share $501.96 Unrealized @ Report Date +0.6%

GGG Graco Inc. 1.9%

Value $85.21M Shares 1,108,914 Share Price $76.84 Est. Cost/Share $40.75 Unrealized @ Report Date +88.6%

TRRSF Trisura Group Ltd. 0.3%

Value $15.86M Shares 549,514 Share Price $28.87 Est. Cost/Share $24.89 Unrealized @ Report Date +16.0%

AVY Avery Dennison Corp 0.5%

Value $23.35M Shares 136,814 Share Price $170.67 Est. Cost/Share $92.53 Unrealized @ Report Date +84.4%

JKHY Jack Henry & Associates Inc 0.6%

Value $28.8M Shares 201,067 Share Price $143.24 Est. Cost/Share $155.93 Unrealized @ Report Date -8.1%

UNF UniFirst Corporation 0.2%

Value $11.06M Shares 44,147 Share Price $250.52 Est. Cost/Share $261.22 Unrealized @ Report Date -4.1%

AAPL Apple, Inc. 0.1%

Value $4.428M Shares 13,296 Share Price $333.02 Est. Cost/Share $103.98 Unrealized @ Report Date +220.3%

BAM Brookfield Asset Management Lt 0.9%

Value $40.26M Shares 903,098 Share Price $44.58 Est. Cost/Share $28.91 Unrealized @ Report Date +54.2%

STE Steris PLC 1.6%

Value $74.5M Shares 354,742 Share Price $210.01 Est. Cost/Share $220.52 Unrealized @ Report Date -4.8%

ASGTF Altus Group Ltd 0.3%

Value $11.9M Shares 382,863 Share Price $31.08 Est. Cost/Share $38.78 Unrealized @ Report Date -19.9%

MSFT Microsoft Corp 0.0%

Value $697K Shares 1,359 Share Price $512.76 Est. Cost/Share $129.79 Unrealized @ Report Date +295.2%

IBM International Business Machine 0.0%

Value $566K Shares 2,573 Share Price $219.93 Est. Cost/Share $109.80 Unrealized @ Report Date +100.3%

VUG Vanguard Growth ETF 0.1%

Value $3.558M Shares 39,486 Share Price $90.11 Est. Cost/Share $74.21 Unrealized @ Report Date +21.4%

CNMD Conmed Corp 0.0%

Value $412K Shares 8,902 Share Price $46.23 Est. Cost/Share $50.73 Unrealized @ Report Date -8.9%

HOMB Home BancShares, Inc. 0.3%

Value $14.15M Shares 502,183 Share Price $28.18 Est. Cost/Share $20.89 Unrealized @ Report Date +34.9%

— Invesco Large-Cap Growth 0.1%

Value $3.067M Shares 18,915 Share Price $162.15 Est. Cost/Share $73.68 Unrealized @ Report Date —

BRK/A Berkshire Hathaway Inc. A 0.7%

Value $30.63M Shares 41 Share Price $747005.00 Est. Cost/Share $165023.42 Unrealized @ Report Date +352.7%

ABBV Abbvie, Inc. 0.0%

Value $1.942M Shares 7,425 Share Price $261.59 Est. Cost/Share $135.33 Unrealized @ Report Date +93.3%

XLY SPDR Fund Consumer 0.0%

Value $683K Shares 6,276 Share Price $108.84 Est. Cost/Share $101.55 Unrealized @ Report Date +7.2%

LB Landbridge Company Llc Cl A 0.0%

Value $2.11M Shares 26,000 Share Price $81.17 Est. Cost/Share $68.67 Unrealized @ Report Date +18.2%

SPY Spdr S&P 500 ETF Trust 0.0%

Value $1.126M Shares 1,477 Share Price $762.63 Est. Cost/Share $444.77 Unrealized @ Report Date +71.5%

USB US Bancorp 0.0%

Value $423K Shares 7,331 Share Price $57.76 Est. Cost/Share $35.07 Unrealized @ Report Date +64.7%

IVV iShares Core S&P 500 ETF 0.0%

Value $689K Shares 900 Share Price $765.85 Est. Cost/Share $400.16 Unrealized @ Report Date +91.4%

MSCI MSCI, Inc. 0.0%

Value $308K Shares 572 Share Price $538.66 Est. Cost/Share $510.96 Unrealized @ Report Date +5.4%

NBTB NBT Bancorp Inc 0.0%

Value $670K Shares 13,355 Share Price $50.16 Est. Cost/Share $31.44 Unrealized @ Report Date +59.5%

AKRE Akre Focus Etf 0.0%

Value $212K Shares 4,027 Share Price $52.67 Est. Cost/Share $64.74 Unrealized @ Report Date -18.6%

MCO Moodys Corp 0.0%

Value $269K Shares 592 Share Price $454.13 Est. Cost/Share $266.40 Unrealized @ Report Date +70.5%

UNP Union Pacific Corp. 0.0%

Value $431K Shares 1,584 Share Price $272.13 Est. Cost/Share $74.40 Unrealized @ Report Date +265.7%

— Bank Of Richmondville 0.0%

Value $225K Shares 1,000 Share Price $224.59 Est. Cost/Share $224.45 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VMC	Vulcan Materials	655,412	$160M	3.5%	$244.63	$126.65	+93.2%	COM	929160109
MKL	Markel Corporation	86,571	$148M	3.3%	$1712.45	$595.18	+187.7%	COM	570535104
BN	Brookfield Corp	3,434,689	$125M	2.7%	$36.46	$29.88	+22.0%	COM	11271J107
A	Agilent Technologies Inc	558,284	$96.2M	2.1%	$172.31	$120.07	+43.5%	COM	00846U101
SYK	Stryker Corporation	550,558	$152M	3.3%	$275.39	$84.58	+225.6%	COM	863667101
LSTR	Landstar System, Inc.	508,778	$85.8M	1.9%	$168.64	$129.91	—	COM	515098101
AZO	AutoZone, Inc.	32,269	$91.32M	2.0%	$2830.02	$588.04	+381.3%	COM	053332102
BKNG	Booking Holdings Inc.	500,147	$81.48M	1.8%	$162.91	$281.05	-42.0%	COM	09857L108
BRO	Brown & Brown, Inc.	2,232,203	$136M	3.0%	$60.90	$22.77	+167.4%	COM	115236101
PGR	Progressive Corp.	553,861	$115M	2.5%	$207.31	$98.45	+110.6%	COM	743315103
ITW	Illinois Tool Works Inc.	389,384	$100M	2.2%	$257.28	$66.74	+285.5%	COM	452308109
SPSC	SPS Commerce Inc.	195,804	$16.14M	0.4%	$82.44	$141.61	-41.8%	COM	78463M107
GIL	Gildan Activewear Inc	493,748	$21.05M	0.5%	$42.63	$60.32	-29.3%	COM	375916103
CWST	Casella Waste System Inc.	191,816	$15.41M	0.3%	$80.35	$96.20	-16.5%	COM	147448104
NOVT	Novanta Inc	116,691	$16.59M	0.4%	$142.19	$113.88	+24.9%	COM	67000B104
DSGX	Descartes Systems Group Inc.	162,383	$13.13M	0.3%	$80.86	$49.55	+63.2%	COM	249906108
EXPO	Exponent, Inc.	265,398	$17.36M	0.4%	$65.42	$79.74	-18.0%	COM	30214U102
FELE	Franklin Electric Co., Inc.	133,740	$12.82M	0.3%	$95.89	$29.03	+230.3%	COM	353514102
CHE	Chemed Corp	36,631	$18.5M	0.4%	$505.07	$501.96	+0.6%	COM	16359R103
GGG	Graco Inc.	1,108,914	$85.21M	1.9%	$76.84	$40.75	+88.6%	COM	384109104
TRRSF	Trisura Group Ltd.	549,514	$15.86M	0.3%	$28.87	$24.89	+16.0%	COM	89679A209
AVY	Avery Dennison Corp	136,814	$23.35M	0.5%	$170.67	$92.53	+84.4%	COM	053611109
JKHY	Jack Henry & Associates Inc	201,067	$28.8M	0.6%	$143.24	$155.93	-8.1%	COM	426281101
UNF	UniFirst Corporation	44,147	$11.06M	0.2%	$250.52	$261.22	-4.1%	COM	904708104
AAPL	Apple, Inc.	13,296	$4.428M	0.1%	$333.02	$103.98	+220.3%	COM	037833100
BAM	Brookfield Asset Management Lt	903,098	$40.26M	0.9%	$44.58	$28.91	+54.2%	COM	113004105
STE	Steris PLC	354,742	$74.5M	1.6%	$210.01	$220.52	-4.8%	COM	G8473T100
ASGTF	Altus Group Ltd	382,863	$11.9M	0.3%	$31.08	$38.78	-19.9%	COM	02215R107
MSFT	Microsoft Corp	1,359	$697K	0.0%	$512.76	$129.79	+295.2%	COM	594918104
IBM	International Business Machine	2,573	$566K	0.0%	$219.93	$109.80	+100.3%	COM	459200101
VUG	Vanguard Growth ETF	39,486	$3.558M	0.1%	$90.11	$74.21	+21.4%	ETF	922908736
CNMD	Conmed Corp	8,902	$412K	0.0%	$46.23	$50.73	-8.9%	COM	207410101
HOMB	Home BancShares, Inc.	502,183	$14.15M	0.3%	$28.18	$20.89	+34.9%	COM	436893200
—	Invesco Large-Cap Growth	18,915	$3.067M	0.1%	$162.15	$73.68	—	ETF	73935X609
BRK/A	Berkshire Hathaway Inc. A	41	$30.63M	0.7%	$747005.00	$165023.42	+352.7%	COM	084670108
ABBV	Abbvie, Inc.	7,425	$1.942M	0.0%	$261.59	$135.33	+93.3%	COM	00287Y109
XLY	SPDR Fund Consumer	6,276	$683K	0.0%	$108.84	$101.55	+7.2%	ETF	81369Y407
LB	Landbridge Company Llc Cl A	26,000	$2.11M	0.0%	$81.17	$68.67	+18.2%	COM	514952100
SPY	Spdr S&P 500 ETF Trust	1,477	$1.126M	0.0%	$762.63	$444.77	+71.5%	ETF	78462F103
USB	US Bancorp	7,331	$423K	0.0%	$57.76	$35.07	+64.7%	COM	902973304
IVV	iShares Core S&P 500 ETF	900	$689K	0.0%	$765.85	$400.16	+91.4%	ETF	464287200
MSCI	MSCI, Inc.	572	$308K	0.0%	$538.66	$510.96	+5.4%	COM	55354G100
NBTB	NBT Bancorp Inc	13,355	$670K	0.0%	$50.16	$31.44	+59.5%	COM	628778102
AKRE	Akre Focus Etf	4,027	$212K	0.0%	$52.67	$64.74	-18.6%	ETF	74316P579
MCO	Moodys Corp	592	$269K	0.0%	$454.13	$266.40	+70.5%	COM	615369105
UNP	Union Pacific Corp.	1,584	$431K	0.0%	$272.13	$74.40	+265.7%	COM	907818108
—	Bank Of Richmondville	1,000	$225K	0.0%	$224.59	$224.45	—	COM	99C000025