MCDONALD CAPITAL INVESTORS INC/CA Long-Term Concentrated

Period: Q4 2025 (← Previous)

Filing Date: Jan 30, 2026

Total Value ($000): $1,630,572 (100.0% shares, 0.0% debt)

Holdings (21)

New Positions (1)

Value ($000) $58,091 Shares 1,483,799 Est. Cost $41.46 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CPRT	COPART INC	1,483,799	$58,091	3.6%	$41.46	0.0%	COM	217204106

Increased Positions (3)

NFLX NETFLIX INC 6.2%

Value ($000) $101,831 (-23.5%) Shares 1,086,085 (+878.0%) Est. Cost $99.05 Unrealized +8.8%

FDS FACTSET RESH SYS INC 3.3%

Value ($000) $53,901 (+90.3%) Shares 185,744 (+87.9%) Est. Cost $333.08 Unrealized -15.9%

BN BROOKFIELD CORP 7.6%

Value ($000) $123,863 (-3.9%) Shares 2,699,130 (+43.6%) Est. Cost $29.09 Unrealized +56.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX INC	1,086,085 (+878.0%)	$101,831 (-23.5%)	6.2%	$99.05	+8.8%	COM	64110L106
FDS	FACTSET RESH SYS INC	185,744 (+87.9%)	$53,901 (+90.3%)	3.3%	$333.08	-15.9%	COM	303075105
BN	BROOKFIELD CORP	2,699,130 (+43.6%)	$123,863 (-3.9%)	7.6%	$29.09	+56.6%	CL A LTD VT SH	11271J107

Exited Positions (1)

ELV ELEVANCE HEALTH INC FORMERLY 0.2%

Value ($000) $3,105 Shares 9,608 Est. Cost $357.60 Unrealized -5.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ELV	ELEVANCE HEALTH INC FORMERLY	9,608	$3,105	0.2%	$357.60	-5.8%	—	036752103

Decreased Positions (16)

REGN REGENERON PHARMACEUTICALS 9.9%

Value ($000) $160,735 (+34.0%) Shares 208,241 (-2.4%) Est. Cost $487.76 Unrealized +39.1%

PGR PROGRESSIVE CORP 12.3%

Value ($000) $201,236 (-10.7%) Shares 883,700 (-3.2%) Est. Cost $18.00 Unrealized +1079.5%

PAYX PAYCHEX INC 5.8%

Value ($000) $94,552 (-13.1%) Shares 842,861 (-1.8%) Est. Cost $27.14 Unrealized +329.4%

GOOGL ALPHABET INC 4.8%

Value ($000) $77,725 (+19.7%) Shares 248,322 (-7.0%) Est. Cost $107.89 Unrealized +164.7%

FAST FASTENAL CO 2.2%

Value ($000) $35,372 (-21.1%) Shares 881,440 (-3.5%) Est. Cost $17.22 Unrealized +144.1%

ECL ECOLAB INC 4.8%

Value ($000) $77,843 (-8.0%) Shares 296,522 (-4.0%) Est. Cost $80.10 Unrealized +231.7%

NKE NIKE INC 3.2%

Value ($000) $51,758 (-11.0%) Shares 812,401 (-2.6%) Est. Cost $65.63 Unrealized -1.1%

BRK/B BERKSHIRE HATHAWAY INC DEL 9.5%

Value ($000) $154,831 (-3.6%) Shares 308,030 (-3.6%) Est. Cost $209.72 Unrealized +137.2%

MLM MARTIN MARIETTA MATLS INC 5.8%

Value ($000) $94,419 (-4.9%) Shares 151,638 (-3.7%) Est. Cost $338.50 Unrealized +83.6%

UNP UNION PAC CORP 3.3%

Value ($000) $53,839 (-6.2%) Shares 232,749 (-4.2%) Est. Cost $119.01 Unrealized +91.0%

JPM JPMORGAN CHASE & CO. 5.3%

Value ($000) $86,704 (-3.3%) Shares 269,084 (-5.4%) Est. Cost $133.19 Unrealized +132.4%

WFC WELLS FARGO CO NEW 4.0%

Value ($000) $65,210 (+4.6%) Shares 699,682 (-5.9%) Est. Cost $29.05 Unrealized +198.2%

BAM BROOKFIELD ASSET MANAGMT LTD 1.1%

Value ($000) $17,958 (-11.8%) Shares 342,784 (-4.2%) Est. Cost $27.10 Unrealized +97.3%

AMZN AMAZON COM INC 7.2%

Value ($000) $118,115 (+1.3%) Shares 511,720 (-3.7%) Est. Cost $96.61 Unrealized +136.8%

EXPD EXPEDITORS INTL WASH INC 0.1%

Value ($000) $1,691 (+6.5%) Shares 11,350 (-12.4%) Est. Cost $33.05 Unrealized +310.4%

GOOG ALPHABET INC 0.0%

Value ($000) $667 (+9.5%) Shares 2,125 (-15.0%) Est. Cost $111.15 Unrealized +157.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
REGN	REGENERON PHARMACEUTICALS	208,241 (-2.4%)	$160,735 (+34.0%)	9.9%	$487.76	+39.1%	COM	75886F107
PGR	PROGRESSIVE CORP	883,700 (-3.2%)	$201,236 (-10.7%)	12.3%	$18.00	+1079.5%	COM	743315103
PAYX	PAYCHEX INC	842,861 (-1.8%)	$94,552 (-13.1%)	5.8%	$27.14	+329.4%	COM	704326107
GOOGL	ALPHABET INC	248,322 (-7.0%)	$77,725 (+19.7%)	4.8%	$107.89	+164.7%	CAP STK CL A	02079K305
FAST	FASTENAL CO	881,440 (-3.5%)	$35,372 (-21.1%)	2.2%	$17.22	+144.1%	COM	311900104
ECL	ECOLAB INC	296,522 (-4.0%)	$77,843 (-8.0%)	4.8%	$80.10	+231.7%	COM	278865100
NKE	NIKE INC	812,401 (-2.6%)	$51,758 (-11.0%)	3.2%	$65.63	-1.1%	CL B	654106103
BRK/B	BERKSHIRE HATHAWAY INC DEL	308,030 (-3.6%)	$154,831 (-3.6%)	9.5%	$209.72	+137.2%	CL B NEW	084670702
MLM	MARTIN MARIETTA MATLS INC	151,638 (-3.7%)	$94,419 (-4.9%)	5.8%	$338.50	+83.6%	COM	573284106
UNP	UNION PAC CORP	232,749 (-4.2%)	$53,839 (-6.2%)	3.3%	$119.01	+91.0%	COM	907818108
JPM	JPMORGAN CHASE & CO.	269,084 (-5.4%)	$86,704 (-3.3%)	5.3%	$133.19	+132.4%	COM	46625H100
WFC	WELLS FARGO CO NEW	699,682 (-5.9%)	$65,210 (+4.6%)	4.0%	$29.05	+198.2%	COM	949746101
BAM	BROOKFIELD ASSET MANAGMT LTD	342,784 (-4.2%)	$17,958 (-11.8%)	1.1%	$27.10	+97.3%	CL A LMT VTG SHS	113004105
AMZN	AMAZON COM INC	511,720 (-3.7%)	$118,115 (+1.3%)	7.2%	$96.61	+136.8%	COM	023135106
EXPD	EXPEDITORS INTL WASH INC	11,350 (-12.4%)	$1,691 (+6.5%)	0.1%	$33.05	+310.4%	COM	302130109
GOOG	ALPHABET INC	2,125 (-15.0%)	$667 (+9.5%)	0.0%	$111.15	+157.6%	CAP STK CL C	02079K107

Unchanged Positions (1)

RSP INVESCO EXCHANGE TRADED FD T 0.0%

Value ($000) $229 Shares 1,195 Est. Cost $179.16 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RSP	INVESCO EXCHANGE TRADED FD T	1,195	$229	0.0%	$179.16	—	S&P500 EQL WGT	46137V357