Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (50 quarters reported)
$5.87B in Q2 2013 → $10.6B now. Hover for any quarter.
As reported for the quarter ended September 30, 2025. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| ST SS&C Technologies Hldgs Inc | 4.3% | Trimmed 0.9% | 5,193,498 | $460M |
| Primerica Inc | 3.4% | Trimmed 0.6% | 1,324,968 | $357M |
| WT Willis Towers Watson PLC Ltd | 2.7% | Trimmed 1.8% | 877,476 | $287M |
| Emcor Group Inc | 2.6% | Trimmed 16% | 443,982 | $275M |
| AW Armstrong World Inds Inc New | 2.4% | Trimmed 0.6% | 1,313,676 | $257M |
| Openlane Inc | 2.3% | Trimmed 18% | 8,477,474 | $245M |
| Houlihan Lokey Inc | 2.3% | Trimmed 0.5% | 1,219,617 | $243M |
| Alphabet Inc | 2.2% | Trimmed 1.9% | 1,117,913 | $238M |
| UF Us Foods Hldg Corp | 2.2% | Added 35% | 2,971,782 | $231M |
| Microsoft Corp | 2.2% | Trimmed 11% | 454,086 | $230M |
| Gentex Corp | 2.1% | Trimmed 0.5% | 7,923,912 | $222M |
| IE Intercontinental Exchange In | 2.1% | Trimmed 1.8% | 1,243,864 | $220M |
| Wyndham Hotels & Resorts Inc | 2.0% | Trimmed 0.5% | 2,454,330 | $213M |
| GM Globus Med Inc | 2.0% | Trimmed 0.6% | 3,460,983 | $212M |
| Medtronic PLC | 1.9% | Trimmed 1.5% | 2,184,386 | $203M |
| Johnson & Johnson | 1.9% | Trimmed 2.0% | 1,136,939 | $201M |
| GC Grand Canyon Ed Inc | 1.9% | Trimmed 0.5% | 977,397 | $197M |
| AT Allison Transmission Hldgs I | 1.8% | Trimmed 0.8% | 2,210,926 | $193M |
| MI Mondelez Intl Inc | 1.7% | Trimmed 1.7% | 2,898,948 | $178M |
| Cencora Inc | 1.6% | Trimmed 1.8% | 599,753 | $175M |
| Ross Stores Inc | 1.6% | Trimmed 1.7% | 1,170,458 | $172M |
| Electronic Arts Inc | 1.6% | Trimmed 1.7% | 973,374 | $167M |
| PA Penske Automotive Grp Inc | 1.5% | Trimmed 0.5% | 885,860 | $163M |
| NN News Corp New | 1.5% | Trimmed 1.8% | 5,454,879 | $160M |
| Cme Group Inc | 1.4% | Trimmed 1.9% | 575,337 | $153M |
| American Homes 4 Rent | 1.4% | Trimmed 0.5% | 4,258,875 | $153M |
| Amazon Com Inc | 1.4% | Trimmed 1.7% | 665,179 | $152M |
| Henry Schein Inc | 1.4% | Trimmed 1.7% | 2,170,871 | $151M |
| Cbiz Inc | 1.4% | Trimmed 0.2% | 2,315,606 | $149M |
| Kenvue Inc | 1.4% | Trimmed 1.7% | 7,030,246 | $146M |
| TD Toronto Dominion Bk Ont | 1.3% | Trimmed 0.6% | 1,896,245 | $142M |
| New York Times Co | 1.3% | Trimmed 0.5% | 2,357,049 | $141M |
| W Wabtec | 1.3% | Added 12% | 718,779 | $139M |
| SM Simpson Mfg Inc | 1.2% | Trimmed 0.6% | 689,900 | $132M |
| MH Marketaxess Hldgs Inc | 1.2% | Added 67% | 692,216 | $127M |
| Light & Wonder Inc | 1.2% | Trimmed 17% | 1,360,624 | $126M |
| SE Strategic Ed Inc | 1.2% | Trimmed 0.5% | 1,516,338 | $123M |
| GH Generac Hldgs Inc | 1.1% | Trimmed 0.5% | 648,364 | $120M |
| Mastercard Incorporated | 1.1% | Trimmed 1.8% | 200,540 | $119M |
| Rogers Communications Inc | 1.1% | Trimmed 20% | 3,331,220 | $119M |
| BH Berkshire Hathaway Inc Del | 1.1% | Unchanged | 154 | $116M |
| Euronet Worldwide Inc | 1.1% | Trimmed 0.5% | 1,211,358 | $113M |
| Hillman Solutions Corp | 1.0% | Trimmed 0.3% | 11,164,985 | $110M |
| RB Restaurant Brands Intl Inc | 1.0% | Added 9.8% | 1,742,299 | $110M |
| Nike Inc | 1.0% | Trimmed 1.6% | 1,364,095 | $106M |
| Oracle Corp | 1.0% | Trimmed 2.0% | 463,184 | $105M |
| TF Truist Finl Corp | 0.9% | Trimmed 2.0% | 2,006,383 | $93.9M |
| Stantec Inc | 0.9% | Trimmed 0.3% | 858,122 | $93.2M |
| RB Royal Bk Cda | 0.9% | Trimmed 0.1% | 639,134 | $92.8M |
| I Iac Inc | 0.9% | Trimmed 0.6% | 2,501,914 | $91.6M |
| PI Ppg Inds Inc | 0.9% | Trimmed 1.1% | 814,635 | $90.6M |
| Graco Inc | 0.8% | Trimmed 0.4% | 987,333 | $84.3M |
| PA Procter And Gamble Co | 0.8% | Trimmed 1.8% | 530,142 | $83.3M |
| CN Canadian Natl Ry Co | 0.8% | Added 19% | 845,531 | $81.8M |
| Cgi Inc | 0.7% | Added 27% | 799,246 | $77.6M |
| Cable One Inc | 0.7% | Trimmed 0.6% | 472,067 | $76.2M |
| Carrier Global Corporation | 0.7% | Trimmed 14% | 1,165,423 | $76M |
| BN Bank Nova Scotia Halifax | 0.7% | Trimmed 0.1% | 1,199,190 | $74.8M |
| Brookfield Corp | 0.7% | Trimmed 0.3% | 1,110,869 | $73M |
| CI Colliers Intl Group Inc | 0.7% | Trimmed 0.4% | 424,796 | $70.1M |
Showing top 60 of 109 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2025 · filed November 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Sysco Corp | Trimmed | −798,172 | −$64.2M | 0.6% |
| UF Us Foods Hldg Corp | Added | +765,042 | +$59.4M | 2.2% |
| Emcor Group Inc | Trimmed | −86,475 | −$53.6M | 2.6% |
| Openlane Inc | Trimmed | −1,828,553 | −$52.9M | 2.3% |
| NV National Vision Hldgs Inc | Trimmed | −2,254,402 | −$51.7M | 0.1% |
| MH Marketaxess Hldgs Inc | Added | +277,846 | +$51.1M | 1.2% |
| Danaher Corporation | New | +236,772 | +$48.7M | 0.5% |
| Rogers Communications Inc | Trimmed | −841,326 | −$30.1M | 1.1% |
| Microsoft Corp | Trimmed | −53,935 | −$27.3M | 2.2% |
| Light & Wonder Inc | Trimmed | −271,938 | −$25.1M | 1.2% |
Showing the 10 largest of 98 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Dollar Tree Inc | Trimmed | −1,218,380 | −$121M | 0.4% |
| PI Ppg Inds Inc | New | +823,899 | +$93.7M | 0.9% |
| NV National Vision Hldgs Inc | Trimmed | −2,490,126 | −$57.3M | 0.6% |
| Cencora Inc | Trimmed | −157,024 | −$47.1M | 1.8% |
| D R Horton Inc | New | +362,368 | +$46.7M | 0.5% |
| CR Charles Riv Labs Intl Inc | Added | +277,450 | +$42.1M | 0.4% |
| UF Us Foods Hldg Corp | Added | +522,586 | +$40.2M | 1.7% |
| GM Globus Med Inc | Added | +679,691 | +$40.1M | 2.0% |
| I Iac Inc | Added | +1,069,044 | +$39.9M | 0.9% |
| Sysco Corp | Trimmed | −463,846 | −$35.1M | 1.1% |
Showing the 10 largest of 105 changes.
quarter ended March 31, 2025 · filed May 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| GA Gallagher Arthur J & Co | Exited | −601,954 | −$171M | — |
| UF Us Foods Hldg Corp | New | +1,684,154 | +$110M | 1.1% |
| Ebay Inc. | Exited | −1,522,625 | −$94.3M | — |
| Nike Inc | New | +1,406,412 | +$89.3M | 0.9% |
| Kennametal Inc | Trimmed | −4,131,537 | −$88M | 0.1% |
| W Wabtec | New | +473,740 | +$85.9M | 0.9% |
| IE Intercontinental Exchange In | Trimmed | −460,617 | −$79.5M | 2.3% |
| I Iac Inc | New | +1,448,753 | +$66.6M | 0.7% |
| MS Main Str Cap Corp | Trimmed | −1,115,976 | −$63.1M | — |
| Mastercard Incorporated | Trimmed | −111,930 | −$61.4M | 1.2% |
Showing the 10 largest of 110 changes.
quarter ended December 31, 2024 · filed February 18, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Medtronic PLC | New | +2,182,380 | +$174M | 1.8% |
| BA Brookfield Asset Managmt Ltd | Trimmed | −1,489,587 | −$80.7M | — |
| Sysco Corp | Added | +1,039,088 | +$79.4M | 1.1% |
| TD Toronto Dominion Bk Ont | Added | +1,306,946 | +$69.5M | 1.2% |
| Alphabet Inc | Trimmed | −334,920 | −$63.4M | 2.8% |
| AT Allison Transmission Hldgs I | Trimmed | −572,044 | −$61.8M | 2.7% |
| Td Synnex Corporation | Trimmed | −499,352 | −$58.6M | 0.2% |
| PA Procter And Gamble Co | Trimmed | −294,408 | −$49.4M | 1.1% |
| AC Alarm Com Hldgs Inc | New | +698,848 | +$42.5M | 0.4% |
| Carrier Global Corporation | Trimmed | −611,705 | −$41.8M | 1.3% |
Showing the 10 largest of 103 changes.
quarter ended September 30, 2024 · filed November 12, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Carrier Global Corporation | Trimmed | −1,180,648 | −$95M | 2.0% |
| AT Allison Transmission Hldgs I | Trimmed | −708,475 | −$68.1M | 2.9% |
| Equifax Inc | Exited | −269,796 | −$65.4M | — |
| JF Jefferies Finl Group Inc | Exited | −1,067,647 | −$53.1M | — |
| LE Lauder Estee Cos Inc | New | +512,950 | +$51.1M | 0.5% |
| Ats Corporation | Added | +1,300,263 | +$37.7M | 0.4% |
| Gentex Corp | Added | +1,086,008 | +$32.2M | 1.6% |
| Sysco Corp | New | +412,985 | +$32.2M | 0.3% |
| Marriott Vacations Worldwide | Exited | −261,260 | −$22.8M | — |
| NV National Vision Hldgs Inc | New | +1,959,957 | +$21.4M | 0.2% |
Showing the 10 largest of 99 changes.
quarter ended June 30, 2024 · filed August 12, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Emcor Group Inc | Trimmed | −228,117 | −$83.3M | 1.8% |
| Marriott Vacations Worldwide | Trimmed | −835,026 | −$72.9M | 0.2% |
| Wyndham Hotels & Resorts Inc | Added | +916,742 | +$67.8M | 1.7% |
| DH Doubleverify Hldgs Inc | New | +2,778,586 | +$54.1M | 0.6% |
| MH Marketaxess Hldgs Inc | Added | +214,928 | +$43.1M | 0.8% |
| Alphabet Inc | Trimmed | −234,344 | −$42.7M | 3.7% |
| Houlihan Lokey Inc | Trimmed | −304,066 | −$41M | 1.7% |
| TF Truist Finl Corp | Trimmed | −822,145 | −$31.9M | 1.0% |
| Ebay Inc. | Trimmed | −589,679 | −$31.7M | 1.0% |
| Cable One Inc | Added | +86,581 | +$30.6M | 1.1% |
Showing the 10 largest of 101 changes.
quarter ended March 31, 2024 · filed May 13, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Cme Group Inc | Added | +223,709 | +$48.2M | 1.5% |
| AT Allison Transmission Hldgs I | Trimmed | −565,987 | −$45.9M | 3.3% |
| Quidelortho Corp | Trimmed | −927,719 | −$44.5M | 0.1% |
| GM Globus Med Inc | Added | +782,285 | +$42M | 1.4% |
| IT Ishares Tr | Exited | −393,649 | −$29.7M | — |
| Ross Stores Inc | Trimmed | −190,309 | −$27.9M | 2.0% |
| Houlihan Lokey Inc | Trimmed | −214,464 | −$27.5M | 2.0% |
| Hdfc Bank Ltd | New | +371,180 | +$20.8M | 0.2% |
| Alphabet Inc | Trimmed | −120,281 | −$18.2M | 3.3% |
| Cable One Inc | Added | +42,376 | +$17.9M | 0.9% |
Showing the 10 largest of 103 changes.
quarter ended December 31, 2023 · filed February 13, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| GA Gallagher Arthur J & Co | Trimmed | −478,509 | −$108M | 1.4% |
| Microsoft Corp | Trimmed | −141,833 | −$53.3M | 3.5% |
| NN News Corp New | Trimmed | −1,600,928 | −$39.3M | 2.1% |
| GM Globus Med Inc | Added | +663,782 | +$35.4M | 1.0% |
| Waste Connections Inc | New | +236,242 | +$35.3M | 0.4% |
| Marriott Vacations Worldwide | Added | +377,766 | +$32.1M | 1.0% |
| Alphabet Inc | Trimmed | −226,396 | −$31.6M | 3.5% |
| Euronet Worldwide Inc | Added | +301,771 | +$30.6M | 0.8% |
| WJ Wiley John & Sons Inc | New | +950,838 | +$30.2M | 0.3% |
| IT Ishares Tr | New | +393,649 | +$29.7M | 0.3% |
Showing the 10 largest of 103 changes.
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