BARR E S & CO Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DG	DOLLAR GEN CORP NEW	5,379	$714	0.0%	$111.51	0.0%	COM	256677105
TFC	TRUIST FINL CORP	12,961	$638	0.0%	$45.80	0.0%	COM	89832Q109
ES	EVERSOURCE ENERGY	9,208	$620	0.0%	$69.55	0.0%	COM	30040W108
CVS	CVS HEALTH CORP	7,725	$613	0.0%	$78.67	0.0%	COM	126650100
PFE	PFIZER INCORPORATED	23,524	$586	0.0%	$25.03	0.0%	COM	717081103
VZ	VERIZON COMMUNICATIONS INC	12,511	$510	0.0%	$40.48	0.0%	COM	92343V104
TGT	TARGET CORP	5,069	$495	0.0%	$91.63	0.0%	COM	87612E106
QCOM	QUALCOMM INC	2,790	$477	0.0%	$170.79	0.0%	COM	747525103
WU	WESTERN UN CO	49,795	$464	0.0%	$9.31	—	COM	959802109
CCI	CROWN CASTLE INC	5,137	$457	0.0%	$91.09	0.0%	COM	22822V101
FNF	FIDELITY NATIONAL FINANCIAL	7,564	$413	0.0%	$54.76	0.0%	COM	31620R303
D	DOMINION ENERGY INC	6,667	$391	0.0%	$59.76	0.0%	COM	25746U109
TSN	TYSON FOODS INC	6,246	$366	0.0%	$54.61	0.0%	COM	902494103
BBWI	BATH & BODY WORKS INC	18,000	$361	0.0%	$21.72	0.0%	COM	070830104
TXN	TEXAS INSTRS INC	2,059	$357	0.0%	$170.73	0.0%	COM	882508104
PSA	PUBLIC STORAGE OPER CO	1,353	$351	0.0%	$277.29	0.0%	COM	74460D109
VIRT	VIRTU FINL INC	10,386	$346	0.0%	$34.20	0.0%	COM	928254101
LMT	LOCKHEED MARTIN CORP	637	$308	0.0%	$476.18	0.0%	COM	539830109
WEC	WEC ENERGY GROUP INC	2,894	$305	0.0%	$110.27	0.0%	COM	92939U106
ANF	ABERCROMBIE & FITCH CO	2,000	$252	0.0%	$87.43	0.0%	COM	002896207
O	REALTY INCOME CORP	3,922	$221	0.0%	$57.36	0.0%	COM	756109104
CRM	SALESFORCE INC	825	$219	0.0%	$248.17	0.0%	COM	79466L302
KMI	KINDER MORGAN INC DEL	7,646	$210	0.0%	$26.91	0.0%	COM	49456B101
SHOP	SHOPIFY INC	1,275	$205	0.0%	$160.56	0.0%	CL A SUB VTG SHS	82509L107

Increased Positions (30)

FCNCA FIRST CTZNS BANCSHARES INC N 0.7%

Value ($000) $12,866 (+59.8%) Shares 5,995 (+33.2%) Est. Cost $1937.88 Unrealized -2.8%

EL ESTEE LAUDER INC 0.7%

Value ($000) $13,140 (+24.1%) Shares 125,476 (+4.4%) Est. Cost $101.35 Unrealized -4.5%

— ADOBE SYS 1.1%

Value ($000) $21,373 (+9.8%) Shares 61,067 (+10.7%) Est. Cost $367.34 Unrealized —

NKE NIKE INC CL B 1.4%

Value ($000) $27,694 (-6.1%) Shares 434,691 (+2.7%) Est. Cost $63.98 Unrealized +1.4%

HOMB HOME BANCSHARES INC 3.5%

Value ($000) $67,061 (+1.1%) Shares 2,413,987 (+3.0%) Est. Cost $22.28 Unrealized +24.5%

— MERCK & CO INC 0.1%

Value ($000) $1,009 (+195.9%) Shares 9,586 (+135.9%) Est. Cost $94.62 Unrealized —

F FORD MOTOR CO. 0.0%

Value ($000) $947 (+189.1%) Shares 72,151 (+163.6%) Est. Cost $11.94 Unrealized +7.5%

HSY HERSHEY FOODS CORP 0.0%

Value ($000) $791 (+150.8%) Shares 4,347 (+157.8%) Est. Cost $172.98 Unrealized +5.3%

— GAMING & LEISURE INC 0.5%

Value ($000) $9,043 (+5.2%) Shares 202,339 (+9.8%) Est. Cost $43.93 Unrealized —

MSFT MICROSOFT CORP 0.4%

Value ($000) $7,103 (-5.5%) Shares 14,688 (+1.2%) Est. Cost $142.00 Unrealized +252.5%

— BROOKFIELD CORP 2.2%

Value ($000) $42,066 (-0.8%) Shares 916,671 (+48.3%) Est. Cost $36.16 Unrealized —

BRO BROWN & BROWN INC 1.5%

Value ($000) $28,905 (+1.1%) Shares 362,669 (+19.0%) Est. Cost $95.05 Unrealized -12.3%

WMT WAL-MART STORES INC 0.2%

Value ($000) $2,942 (+9.4%) Shares 26,409 (+1.2%) Est. Cost $56.26 Unrealized +90.5%

— NVIDIA CORP 0.3%

Value ($000) $6,498 (+3.3%) Shares 34,840 (+3.3%) Est. Cost $146.21 Unrealized —

— BROADCOM LTD F 0.1%

Value ($000) $2,052 (+7.9%) Shares 5,928 (+2.8%) Est. Cost $312.64 Unrealized —

HD HOME DEPOT INC 0.0%

Value ($000) $850 (-13.3%) Shares 2,471 (+2.1%) Est. Cost $236.71 Unrealized +54.0%

TSLA TESLA MOTORS INC 0.2%

Value ($000) $3,697 (+3.0%) Shares 8,220 (+1.9%) Est. Cost $234.40 Unrealized +89.1%

NFLX NETFLIX COM INC 0.0%

Value ($000) $429 (-18.6%) Shares 4,580 (+940.9%) Est. Cost $106.70 Unrealized +1.0%

IVV ISHARES CORE S&P 500 ETF 0.0%

Value ($000) $533 (+15.4%) Shares 778 (+12.8%) Est. Cost $497.50 Unrealized —

— META PLATFORMS INC 0.0%

Value ($000) $863 (-7.0%) Shares 1,308 (+3.5%) Est. Cost $212.08 Unrealized —

TJX TJX COS INC NEW 0.0%

Value ($000) $483 (+10.4%) Shares 3,145 (+3.9%) Est. Cost $80.01 Unrealized +84.6%

CTAS CINTAS CORP 0.0%

Value ($000) $737 (-5.5%) Shares 3,919 (+3.1%) Est. Cost $160.62 Unrealized +17.1%

VRSK VERISK ANALYTICS INC 0.0%

Value ($000) $441 (-8.3%) Shares 1,973 (+3.1%) Est. Cost $299.35 Unrealized -24.7%

VO VANGUARD INDEX FDS 0.0%

Value ($000) $257 (+16.6%) Shares 885 (+18.0%) Est. Cost $281.42 Unrealized —

TPL TEXAS PACIFIC LAND CORP 0.0%

Value ($000) $388 (-7.7%) Shares 1,350 (+200.0%) Est. Cost $260.88 Unrealized +16.9%

IVW I SHARES S & P 500 BARRA GROWT 0.0%

Value ($000) $344 (+8.7%) Shares 2,788 (+6.4%) Est. Cost $81.26 Unrealized —

— ABBVIE INC 0.0%

Value ($000) $735 (+3.1%) Shares 3,216 (+4.4%) Est. Cost $106.95 Unrealized —

ZNTL ZENTALIS PHARMACEUTICALS INC 0.0%

Value ($000) $78 (+28.5%) Shares 57,500 (+43.8%) Est. Cost $1.94 Unrealized -25.1%

INTU INTUIT 0.1%

Value ($000) $1,065 (-1.5%) Shares 1,608 (+1.5%) Est. Cost $80.45 Unrealized +721.3%

PGR PROGRESSIVE CORP 0.0%

Value ($000) $214 (-3.6%) Shares 941 (+4.6%) Est. Cost $214.07 Unrealized -0.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FCNCA	FIRST CTZNS BANCSHARES INC N	5,995 (+33.2%)	$12,866 (+59.8%)	0.7%	$1937.88	-2.8%	COM	31946M103
EL	ESTEE LAUDER INC	125,476 (+4.4%)	$13,140 (+24.1%)	0.7%	$101.35	-4.5%	COM	518439104
—	ADOBE SYS	61,067 (+10.7%)	$21,373 (+9.8%)	1.1%	$367.34	—	COM	00724f101
NKE	NIKE INC CL B	434,691 (+2.7%)	$27,694 (-6.1%)	1.4%	$63.98	+1.4%	COM	654106103
HOMB	HOME BANCSHARES INC	2,413,987 (+3.0%)	$67,061 (+1.1%)	3.5%	$22.28	+24.5%	COM	436893200
—	MERCK & CO INC	9,586 (+135.9%)	$1,009 (+195.9%)	0.1%	$94.62	—	COM	58933y105
F	FORD MOTOR CO.	72,151 (+163.6%)	$947 (+189.1%)	0.0%	$11.94	+7.5%	COM	345370860
HSY	HERSHEY FOODS CORP	4,347 (+157.8%)	$791 (+150.8%)	0.0%	$172.98	+5.3%	COM	427866108
—	GAMING & LEISURE INC	202,339 (+9.8%)	$9,043 (+5.2%)	0.5%	$43.93	—	COM	36467j108
MSFT	MICROSOFT CORP	14,688 (+1.2%)	$7,103 (-5.5%)	0.4%	$142.00	+252.5%	COM	594918104
—	BROOKFIELD CORP	916,671 (+48.3%)	$42,066 (-0.8%)	2.2%	$36.16	—	COM	11271j107
BRO	BROWN & BROWN INC	362,669 (+19.0%)	$28,905 (+1.1%)	1.5%	$95.05	-12.3%	COM	115236101
WMT	WAL-MART STORES INC	26,409 (+1.2%)	$2,942 (+9.4%)	0.2%	$56.26	+90.5%	COM	931142103
—	NVIDIA CORP	34,840 (+3.3%)	$6,498 (+3.3%)	0.3%	$146.21	—	COM	67066g104
—	BROADCOM LTD F	5,928 (+2.8%)	$2,052 (+7.9%)	0.1%	$312.64	—	COM	11135f101
HD	HOME DEPOT INC	2,471 (+2.1%)	$850 (-13.3%)	0.0%	$236.71	+54.0%	COM	437076102
TSLA	TESLA MOTORS INC	8,220 (+1.9%)	$3,697 (+3.0%)	0.2%	$234.40	+89.1%	COM	88160R101
NFLX	NETFLIX COM INC	4,580 (+940.9%)	$429 (-18.6%)	0.0%	$106.70	+1.0%	COM	64110L106
IVV	ISHARES CORE S&P 500 ETF	778 (+12.8%)	$533 (+15.4%)	0.0%	$497.50	—	COM	464287200
—	META PLATFORMS INC	1,308 (+3.5%)	$863 (-7.0%)	0.0%	$212.08	—	COM	30303m102
TJX	TJX COS INC NEW	3,145 (+3.9%)	$483 (+10.4%)	0.0%	$80.01	+84.6%	COM	872540109
CTAS	CINTAS CORP	3,919 (+3.1%)	$737 (-5.5%)	0.0%	$160.62	+17.1%	COM	172908105
VRSK	VERISK ANALYTICS INC	1,973 (+3.1%)	$441 (-8.3%)	0.0%	$299.35	-24.7%	COM	92345Y106
VO	VANGUARD INDEX FDS	885 (+18.0%)	$257 (+16.6%)	0.0%	$281.42	—	MID CAP ETF	922908629
TPL	TEXAS PACIFIC LAND CORP	1,350 (+200.0%)	$388 (-7.7%)	0.0%	$260.88	+16.9%	COM	88262P102
IVW	I SHARES S & P 500 BARRA GROWT	2,788 (+6.4%)	$344 (+8.7%)	0.0%	$81.26	—	COM	464287309
—	ABBVIE INC	3,216 (+4.4%)	$735 (+3.1%)	0.0%	$106.95	—	COM	00287y109
ZNTL	ZENTALIS PHARMACEUTICALS INC	57,500 (+43.8%)	$78 (+28.5%)	0.0%	$1.94	-25.1%	COM	98943L107
INTU	INTUIT	1,608 (+1.5%)	$1,065 (-1.5%)	0.1%	$80.45	+721.3%	COM	461202103
PGR	PROGRESSIVE CORP	941 (+4.6%)	$214 (-3.6%)	0.0%	$214.07	-0.8%	COM	743315103

Exited Positions (6)

CHDN CHURCHILL DOWNS 0.1%

Value ($000) $2,716 Shares 28,000 Est. Cost $86.53 Unrealized +19.6%

VDE VANGUARD WORLD FD 0.0%

Value ($000) $441 Shares 3,500 Est. Cost $121.31 Unrealized —

POST POST HLDGS INC 0.0%

Value ($000) $380 Shares 3,536 Est. Cost $112.12 Unrealized -7.7%

GIS GENERAL MLS INC 0.0%

Value ($000) $361 Shares 7,150 Est. Cost $65.64 Unrealized -27.7%

GNRC GENERAC HLDGS INC 0.0%

Value ($000) $226 Shares 1,350 Est. Cost $175.19 Unrealized -7.9%

WRB BERKLEY W R CORP 0.0%

Value ($000) $215 Shares 2,812 Est. Cost $59.72 Unrealized +21.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CHDN	CHURCHILL DOWNS	28,000	$2,716	0.1%	$86.53	+19.6%	—	171484108
VDE	VANGUARD WORLD FD	3,500	$441	0.0%	$121.31	—	—	92204A306
POST	POST HLDGS INC	3,536	$380	0.0%	$112.12	-7.7%	—	737446104
GIS	GENERAL MLS INC	7,150	$361	0.0%	$65.64	-27.7%	—	370334104
GNRC	GENERAC HLDGS INC	1,350	$226	0.0%	$175.19	-7.9%	—	368736104
WRB	BERKLEY W R CORP	2,812	$215	0.0%	$59.72	+21.8%	—	084423102

Decreased Positions (30)

— ALPHABET INC SHS CL C 8.9%

Value ($000) $171,902 (+23.4%) Shares 547,808 (-4.2%) Est. Cost $136.80 Unrealized —

— GOLDMAN SACHS INC 6.7%

Value ($000) $128,709 (+8.5%) Shares 146,426 (-1.7%) Est. Cost $180.64 Unrealized —

— BLACKSTONE INC 4.0%

Value ($000) $76,338 (-10.7%) Shares 495,254 (-1.1%) Est. Cost $44.94 Unrealized —

— ALPHABET INC SHS CL A 2.9%

Value ($000) $56,376 (+17.3%) Shares 180,116 (-8.9%) Est. Cost $130.15 Unrealized —

— JPMORGAN CHASE & CO 5.8%

Value ($000) $112,171 (-5.3%) Shares 348,119 (-7.3%) Est. Cost $146.78 Unrealized —

AXP AMERICAN EXPRESS CO 2.8%

Value ($000) $54,578 (+9.9%) Shares 147,529 (-1.3%) Est. Cost $61.68 Unrealized +478.7%

BRK/B BERKSHIRE HATHAWAY B 13.1%

Value ($000) $251,953 (-1.6%) Shares 501,249 (-1.5%) Est. Cost $121.57 Unrealized +309.3%

BSV VANGUARD BD INDEX FDS 1.7%

Value ($000) $33,453 (-7.1%) Shares 424,475 (-7.0%) Est. Cost $76.80 Unrealized —

JNJ JOHNSON AND JOHNSON 1.3%

Value ($000) $25,420 (+10.0%) Shares 122,829 (-1.5%) Est. Cost $66.42 Unrealized +196.6%

— EXXON MOBIL CORP 0.2%

Value ($000) $3,028 (-29.3%) Shares 25,164 (-33.8%) Est. Cost $98.07 Unrealized —

PEP PEPSICO INC 0.6%

Value ($000) $12,371 (-8.6%) Shares 86,194 (-10.6%) Est. Cost $63.09 Unrealized +131.3%

WYNN WYNN RESORTS LTD 0.5%

Value ($000) $10,527 (-9.9%) Shares 87,484 (-4.0%) Est. Cost $88.58 Unrealized +39.5%

LLY LILLY ELI & CO 0.2%

Value ($000) $3,483 (+37.9%) Shares 3,241 (-2.1%) Est. Cost $173.80 Unrealized +449.8%

SBUX STARBUCKS CORP 0.1%

Value ($000) $1,425 (-17.7%) Shares 16,925 (-17.3%) Est. Cost $81.89 Unrealized +2.6%

— T ROWE PRICE GROUP INC 0.6%

Value ($000) $10,819 (-2.4%) Shares 105,673 (-2.2%) Est. Cost $104.32 Unrealized —

DIS WALT DISNEY CO 0.1%

Value ($000) $2,230 (-10.4%) Shares 19,598 (-9.9%) Est. Cost $114.33 Unrealized -4.2%

WFC WELLS FARGO & CO 0.3%

Value ($000) $6,292 (+4.2%) Shares 67,512 (-6.2%) Est. Cost $29.33 Unrealized +195.3%

KKR KKR & CO 0.2%

Value ($000) $3,114 (-5.0%) Shares 24,425 (-3.2%) Est. Cost $22.40 Unrealized +454.8%

SBCF SEACOAST BK CORP FLA 0.1%

Value ($000) $1,055 (-11.3%) Shares 33,575 (-14.1%) Est. Cost $21.36 Unrealized +45.9%

IJH ISHARES CORE S&P MID CAP ETF 0.0%

Value ($000) $304 (-23.4%) Shares 4,610 (-24.2%) Est. Cost $87.97 Unrealized —

CVX CHEVRON CORPORATION 0.0%

Value ($000) $635 (-9.1%) Shares 4,167 (-7.3%) Est. Cost $79.99 Unrealized +89.3%

MVIS MICROVISION INC WASH 0.0%

Value ($000) $22 (-61.6%) Shares 27,000 (-42.6%) Est. Cost $1.89 Unrealized -43.7%

ABT ABBOTT LABORATORIES 0.0%

Value ($000) $333 (-9.7%) Shares 2,660 (-3.4%) Est. Cost $58.30 Unrealized +118.4%

LOW LOWES COS INC 0.0%

Value ($000) $251 (-8.4%) Shares 1,041 (-4.6%) Est. Cost $220.63 Unrealized +8.7%

SHY ISHARES TR 0.0%

Value ($000) $478 (-4.3%) Shares 5,775 (-4.1%) Est. Cost $81.70 Unrealized —

MCD MC DONALDS CORP 0.1%

Value ($000) $995 (-1.7%) Shares 3,256 (-2.3%) Est. Cost $105.87 Unrealized +188.2%

RTX RTX CORPORATION 0.0%

Value ($000) $554 (+2.8%) Shares 3,019 (-6.2%) Est. Cost $75.97 Unrealized +128.1%

— WINTRUST FINANCIAL 0.0%

Value ($000) $472 (+3.2%) Shares 3,374 (-2.2%) Est. Cost $48.66 Unrealized —

— DIAMOND HILL INVT CL A 0.0%

Value ($000) $719 (+0.7%) Shares 4,239 (-16.8%) Est. Cost $172.54 Unrealized —

MMM 3M CO 0.0%

Value ($000) $289 (+0.4%) Shares 1,805 (-2.7%) Est. Cost $119.14 Unrealized +37.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ALPHABET INC SHS CL C	547,808 (-4.2%)	$171,902 (+23.4%)	8.9%	$136.80	—	COM	02079k107
—	GOLDMAN SACHS INC	146,426 (-1.7%)	$128,709 (+8.5%)	6.7%	$180.64	—	COM	38141g104
—	BLACKSTONE INC	495,254 (-1.1%)	$76,338 (-10.7%)	4.0%	$44.94	—	COM	09260d107
—	ALPHABET INC SHS CL A	180,116 (-8.9%)	$56,376 (+17.3%)	2.9%	$130.15	—	COM	02079k305
—	JPMORGAN CHASE & CO	348,119 (-7.3%)	$112,171 (-5.3%)	5.8%	$146.78	—	COM	46625h100
AXP	AMERICAN EXPRESS CO	147,529 (-1.3%)	$54,578 (+9.9%)	2.8%	$61.68	+478.7%	COM	025816109
BRK/B	BERKSHIRE HATHAWAY B	501,249 (-1.5%)	$251,953 (-1.6%)	13.1%	$121.57	+309.3%	COM	084670702
BSV	VANGUARD BD INDEX FDS	424,475 (-7.0%)	$33,453 (-7.1%)	1.7%	$76.80	—	SHORT TRM BOND	921937827
JNJ	JOHNSON AND JOHNSON	122,829 (-1.5%)	$25,420 (+10.0%)	1.3%	$66.42	+196.6%	COM	478160104
—	EXXON MOBIL CORP	25,164 (-33.8%)	$3,028 (-29.3%)	0.2%	$98.07	—	COM	30231g102
PEP	PEPSICO INC	86,194 (-10.6%)	$12,371 (-8.6%)	0.6%	$63.09	+131.3%	COM	713448108
WYNN	WYNN RESORTS LTD	87,484 (-4.0%)	$10,527 (-9.9%)	0.5%	$88.58	+39.5%	COM	983134107
LLY	LILLY ELI & CO	3,241 (-2.1%)	$3,483 (+37.9%)	0.2%	$173.80	+449.8%	COM	532457108
SBUX	STARBUCKS CORP	16,925 (-17.3%)	$1,425 (-17.7%)	0.1%	$81.89	+2.6%	COM	855244109
—	T ROWE PRICE GROUP INC	105,673 (-2.2%)	$10,819 (-2.4%)	0.6%	$104.32	—	COM	74144t108
DIS	WALT DISNEY CO	19,598 (-9.9%)	$2,230 (-10.4%)	0.1%	$114.33	-4.2%	COM	254687106
WFC	WELLS FARGO & CO	67,512 (-6.2%)	$6,292 (+4.2%)	0.3%	$29.33	+195.3%	COM	949746101
KKR	KKR & CO	24,425 (-3.2%)	$3,114 (-5.0%)	0.2%	$22.40	+454.8%	COM	48251W104
SBCF	SEACOAST BK CORP FLA	33,575 (-14.1%)	$1,055 (-11.3%)	0.1%	$21.36	+45.9%	COM	811707801
IJH	ISHARES CORE S&P MID CAP ETF	4,610 (-24.2%)	$304 (-23.4%)	0.0%	$87.97	—	COM	464287507
CVX	CHEVRON CORPORATION	4,167 (-7.3%)	$635 (-9.1%)	0.0%	$79.99	+89.3%	COM	166764100
MVIS	MICROVISION INC WASH	27,000 (-42.6%)	$22 (-61.6%)	0.0%	$1.89	-43.7%	COM	594960304
ABT	ABBOTT LABORATORIES	2,660 (-3.4%)	$333 (-9.7%)	0.0%	$58.30	+118.4%	COM	002824100
LOW	LOWES COS INC	1,041 (-4.6%)	$251 (-8.4%)	0.0%	$220.63	+8.7%	COM	548661107
SHY	ISHARES TR	5,775 (-4.1%)	$478 (-4.3%)	0.0%	$81.70	—	1 3 YR TREAS BD	464287457
MCD	MC DONALDS CORP	3,256 (-2.3%)	$995 (-1.7%)	0.1%	$105.87	+188.2%	COM	580135101
RTX	RTX CORPORATION	3,019 (-6.2%)	$554 (+2.8%)	0.0%	$75.97	+128.1%	COM	75513E101
—	WINTRUST FINANCIAL	3,374 (-2.2%)	$472 (+3.2%)	0.0%	$48.66	—	COM	97650w108
—	DIAMOND HILL INVT CL A	4,239 (-16.8%)	$719 (+0.7%)	0.0%	$172.54	—	COM	25264r207
MMM	3M CO	1,805 (-2.7%)	$289 (+0.4%)	0.0%	$119.14	+37.0%	COM	88579Y101

Unchanged Positions (49)

MKL MARKEL GROUP INC 8.7%

Value ($000) $167,617 Shares 77,974 Est. Cost $698.37 Unrealized +190.1%

MCO MOODY'S CORP 4.3%

Value ($000) $82,683 Shares 161,854 Est. Cost $160.85 Unrealized +203.0%

AMZN AMAZON.COM INC 5.4%

Value ($000) $103,336 Shares 447,689 Est. Cost $123.55 Unrealized +85.2%

— O'REILLY AUTOMOTIVE INC 0.9%

Value ($000) $18,022 Shares 197,583 Est. Cost $100.96 Unrealized —

— AMERICAN TOWER CORP 1.6%

Value ($000) $30,734 Shares 175,052 Est. Cost $195.54 Unrealized —

MTD METTLER-TOLEDO INTL INC 1.4%

Value ($000) $26,271 Shares 18,843 Est. Cost $1109.25 Unrealized +25.9%

AAPL APPLE INC 2.4%

Value ($000) $45,632 Shares 167,850 Est. Cost $86.05 Unrealized +211.8%

SCHW SCHWAB CHARLES CORP 3.9%

Value ($000) $75,621 Shares 756,888 Est. Cost $51.31 Unrealized +84.6%

CHCO CITY HOLDING CO 0.8%

Value ($000) $15,406 Shares 129,244 Est. Cost $84.06 Unrealized +43.5%

SHW SHERWIN WILLIAMS CO 0.4%

Value ($000) $8,393 Shares 25,901 Est. Cost $244.97 Unrealized +36.4%

— COSTCO WHOLESALE CO 0.4%

Value ($000) $8,639 Shares 10,018 Est. Cost $379.18 Unrealized —

PG PROCTER & GAMBLE 0.2%

Value ($000) $3,293 Shares 22,976 Est. Cost $62.84 Unrealized +134.2%

VSCO VICTORIAS SECRET AND CO 0.0%

Value ($000) $476 Shares 8,790 Est. Cost $22.46 Unrealized +76.8%

TTWO TAKE-TWO INTERACTIVE SOFTWARE 1.5%

Value ($000) $28,805 Shares 112,506 Est. Cost $161.65 Unrealized +54.2%

CAT CATERPILLAR INC 0.0%

Value ($000) $937 Shares 1,635 Est. Cost $208.74 Unrealized +166.1%

AZO AUTOZONE INC 0.0%

Value ($000) $339 Shares 100 Est. Cost $4011.66 Unrealized -5.8%

STT STATE STREET CORP 0.0%

Value ($000) $806 Shares 6,250 Est. Cost $64.94 Unrealized +83.2%

— FEDEX CORPORATION 0.0%

Value ($000) $380 Shares 1,316 Est. Cost $237.80 Unrealized —

— MASTERCARD INC 1.5%

Value ($000) $28,653 Shares 50,190 Est. Cost $247.32 Unrealized —

V VISA INC COM CLASS A 0.1%

Value ($000) $1,844 Shares 5,258 Est. Cost $229.04 Unrealized +48.6%

KO COCA COLA COM 0.1%

Value ($000) $1,423 Shares 20,359 Est. Cost $34.21 Unrealized +102.9%

UPS UNITED PARCEL SRVC CL B 0.0%

Value ($000) $369 Shares 3,717 Est. Cost $55.65 Unrealized +66.7%

— SPDR S&P 500 ETF 0.1%

Value ($000) $2,498 Shares 3,663 Est. Cost $328.65 Unrealized —

CPRT COPART INC 0.0%

Value ($000) $382 Shares 9,750 Est. Cost $55.96 Unrealized -25.9%

PNC PNC FINANCIAL SRVCS 0.1%

Value ($000) $1,398 Shares 6,700 Est. Cost $58.05 Unrealized +232.1%

ADP AUTOMATIC DATA PROCESS 0.0%

Value ($000) $328 Shares 1,277 Est. Cost $166.58 Unrealized +59.0%

USB US BANCORP DEL 0.0%

Value ($000) $439 Shares 8,218 Est. Cost $27.25 Unrealized +78.8%

AMGN AMGEN INCORPORATED 0.0%

Value ($000) $296 Shares 905 Est. Cost $231.86 Unrealized +36.3%

MPC MARATHON PETE CORP 0.0%

Value ($000) $215 Shares 1,319 Est. Cost $147.88 Unrealized +26.0%

SPGI S&P GLOBAL INC 0.0%

Value ($000) $575 Shares 1,100 Est. Cost $496.65 Unrealized -0.5%

SIG SIGNET JEWELERS LIMITED 0.0%

Value ($000) $226 Shares 2,730 Est. Cost $66.15 Unrealized +43.6%

NOC NORTHROP GRUMMAN CORP 0.0%

Value ($000) $500 Shares 876 Est. Cost $487.11 Unrealized +18.8%

GLD SPDR GOLD TR 0.0%

Value ($000) $317 Shares 800 Est. Cost $288.14 Unrealized —

XMTR XOMETRY INC CL A 0.0%

Value ($000) $348 Shares 5,850 Est. Cost $29.31 Unrealized +92.3%

WSBC WESBANCO INC 0.0%

Value ($000) $638 Shares 19,196 Est. Cost $30.25 Unrealized +6.9%

RF REGIONS FINANCIAL CORP NEW 0.0%

Value ($000) $840 Shares 31,000 Est. Cost $20.60 Unrealized +23.1%

JCI JOHNSON CTLS INTL PLC 0.0%

Value ($000) $240 Shares 2,000 Est. Cost $91.75 Unrealized +25.1%

— ACCENTURE PLC 0.0%

Value ($000) $240 Shares 893 Est. Cost $269.04 Unrealized —

QQQ INVESCO QQQ TRUST 0.0%

Value ($000) $774 Shares 1,260 Est. Cost $479.11 Unrealized —

BRK/A BERKSHIRE HATHAWAY A 1.1%

Value ($000) $21,889 Shares 29 Est. Cost $213726.44 Unrealized +249.2%

— CME GROUP 0.1%

Value ($000) $1,638 Shares 6,000 Est. Cost $237.53 Unrealized —

TDG TRANSDIGM GROUP INC 0.0%

Value ($000) $592 Shares 445 Est. Cost $1314.14 Unrealized -0.3%

UNP UNION PAC CORP 0.0%

Value ($000) $337 Shares 1,457 Est. Cost $164.74 Unrealized +38.0%

CSX CSX CORP 0.0%

Value ($000) $218 Shares 6,007 Est. Cost $30.44 Unrealized +17.3%

COP CONOCOPHILLIPS 0.0%

Value ($000) $349 Shares 3,725 Est. Cost $107.81 Unrealized -16.5%

EMR EMERSON ELEC CO 0.0%

Value ($000) $255 Shares 1,925 Est. Cost $105.08 Unrealized +26.0%

PM PHILIP MORRIS INTL INC 0.0%

Value ($000) $319 Shares 1,990 Est. Cost $60.27 Unrealized +154.8%

HEI HEICO CORP NEW 0.0%

Value ($000) $712 Shares 2,200 Est. Cost $276.67 Unrealized +14.2%

QQEW FIRST TR EXCHANGE-TRADED FD 0.0%

Value ($000) $213 Shares 1,500 Est. Cost $136.49 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MKL	MARKEL GROUP INC	77,974	$167,617	8.7%	$698.37	+190.1%	COM	570535104
MCO	MOODY'S CORP	161,854	$82,683	4.3%	$160.85	+203.0%	COM	615369105
AMZN	AMAZON.COM INC	447,689	$103,336	5.4%	$123.55	+85.2%	COM	023135106
—	O'REILLY AUTOMOTIVE INC	197,583	$18,022	0.9%	$100.96	—	COM	67103h107
—	AMERICAN TOWER CORP	175,052	$30,734	1.6%	$195.54	—	COM	03027x100
MTD	METTLER-TOLEDO INTL INC	18,843	$26,271	1.4%	$1109.25	+25.9%	COM	592688105
AAPL	APPLE INC	167,850	$45,632	2.4%	$86.05	+211.8%	COM	037833100
SCHW	SCHWAB CHARLES CORP	756,888	$75,621	3.9%	$51.31	+84.6%	COM	808513105
CHCO	CITY HOLDING CO	129,244	$15,406	0.8%	$84.06	+43.5%	COM	177835105
SHW	SHERWIN WILLIAMS CO	25,901	$8,393	0.4%	$244.97	+36.4%	COM	824348106
—	COSTCO WHOLESALE CO	10,018	$8,639	0.4%	$379.18	—	COM	22160k105
PG	PROCTER & GAMBLE	22,976	$3,293	0.2%	$62.84	+134.2%	COM	742718109
VSCO	VICTORIAS SECRET AND CO	8,790	$476	0.0%	$22.46	+76.8%	COM	926400102
TTWO	TAKE-TWO INTERACTIVE SOFTWARE	112,506	$28,805	1.5%	$161.65	+54.2%	COM	874054109
CAT	CATERPILLAR INC	1,635	$937	0.0%	$208.74	+166.1%	COM	149123101
AZO	AUTOZONE INC	100	$339	0.0%	$4011.66	-5.8%	COM	053332102
STT	STATE STREET CORP	6,250	$806	0.0%	$64.94	+83.2%	COM	857477103
—	FEDEX CORPORATION	1,316	$380	0.0%	$237.80	—	COM	31428x106
—	MASTERCARD INC	50,190	$28,653	1.5%	$247.32	—	COM	57636q104
V	VISA INC COM CLASS A	5,258	$1,844	0.1%	$229.04	+48.6%	COM	92826C839
KO	COCA COLA COM	20,359	$1,423	0.1%	$34.21	+102.9%	COM	191216100
UPS	UNITED PARCEL SRVC CL B	3,717	$369	0.0%	$55.65	+66.7%	COM	911312106
—	SPDR S&P 500 ETF	3,663	$2,498	0.1%	$328.65	—	COM	78462f103
CPRT	COPART INC	9,750	$382	0.0%	$55.96	-25.9%	COM	217204106
PNC	PNC FINANCIAL SRVCS	6,700	$1,398	0.1%	$58.05	+232.1%	COM	693475105
ADP	AUTOMATIC DATA PROCESS	1,277	$328	0.0%	$166.58	+59.0%	COM	053015103
USB	US BANCORP DEL	8,218	$439	0.0%	$27.25	+78.8%	COM	902973304
AMGN	AMGEN INCORPORATED	905	$296	0.0%	$231.86	+36.3%	COM	031162100
MPC	MARATHON PETE CORP	1,319	$215	0.0%	$147.88	+26.0%	COM	56585A102
SPGI	S&P GLOBAL INC	1,100	$575	0.0%	$496.65	-0.5%	COM	78409V104
SIG	SIGNET JEWELERS LIMITED	2,730	$226	0.0%	$66.15	+43.6%	COM	G81276100
NOC	NORTHROP GRUMMAN CORP	876	$500	0.0%	$487.11	+18.8%	COM	666807102
GLD	SPDR GOLD TR	800	$317	0.0%	$288.14	—	COM	78463V107
XMTR	XOMETRY INC CL A	5,850	$348	0.0%	$29.31	+92.3%	COM	98423F109
WSBC	WESBANCO INC	19,196	$638	0.0%	$30.25	+6.9%	COM	950810101
RF	REGIONS FINANCIAL CORP NEW	31,000	$840	0.0%	$20.60	+23.1%	COM	7591EP100
JCI	JOHNSON CTLS INTL PLC	2,000	$240	0.0%	$91.75	+25.1%	COM	G51502105
—	ACCENTURE PLC	893	$240	0.0%	$269.04	—	COM	G1151c101
QQQ	INVESCO QQQ TRUST	1,260	$774	0.0%	$479.11	—	UNIT SER 1	46090E103
BRK/A	BERKSHIRE HATHAWAY A	29	$21,889	1.1%	$213726.44	+249.2%	COM	084670108
—	CME GROUP	6,000	$1,638	0.1%	$237.53	—	COM	12572q105
TDG	TRANSDIGM GROUP INC	445	$592	0.0%	$1314.14	-0.3%	COM	893641100
UNP	UNION PAC CORP	1,457	$337	0.0%	$164.74	+38.0%	COM	907818108
CSX	CSX CORP	6,007	$218	0.0%	$30.44	+17.3%	COM	126408103
COP	CONOCOPHILLIPS	3,725	$349	0.0%	$107.81	-16.5%	COM	20825C104
EMR	EMERSON ELEC CO	1,925	$255	0.0%	$105.08	+26.0%	COM	291011104
PM	PHILIP MORRIS INTL INC	1,990	$319	0.0%	$60.27	+154.8%	COM	718172109
HEI	HEICO CORP NEW	2,200	$712	0.0%	$276.67	+14.2%	COM	422806109
QQEW	FIRST TR EXCHANGE-TRADED FD	1,500	$213	0.0%	$136.49	—	COM	337344105