Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (54 quarters reported)
$1.54B in Q2 2013 → $4.55B now. Hover for any quarter.
As reported for the quarter ended September 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| Ross Stores, Inc. | 5.9% | Trimmed 6.8% | 1,155,890 | $270M |
| Amphenol Corp. | 5.2% | Added 91% | 2,834,126 | $239M |
| Analog Devices Inc | 4.0% | Trimmed 1.6% | 464,537 | $184M |
| Idex Corporation | 3.9% | Trimmed 3.3% | 772,862 | $176M |
| Keysight Technologies Inc. | 3.7% | Trimmed 2.8% | 469,043 | $171M |
| Vulcan Materials | 3.5% | Trimmed 0.8% | 655,412 | $160M |
| Fastenal Co | 3.4% | Trimmed 3.1% | 3,124,839 | $155M |
| Stryker Corporation | 3.3% | Added 0.6% | 550,558 | $152M |
| MC Markel Corporation | 3.3% | Trimmed 0.8% | 86,571 | $148M |
| Trane Technologies PLC | 3.0% | Trimmed 6.8% | 303,706 | $137M |
| Brown & Brown, Inc. | 3.0% | Trimmed 0.5% | 2,232,203 | $136M |
| Arthur J. Gallagher & Co. | 2.8% | Trimmed 2.4% | 563,148 | $128M |
| Brookfield Corp | 2.7% | Trimmed 0.7% | 3,434,689 | $125M |
| ZT Zebra Technologies A | 2.6% | Trimmed 11% | 321,007 | $120M |
| Progressive Corp. | 2.5% | Trimmed 0.6% | 553,861 | $115M |
| MT Microchip Technology Incorpora | 2.3% | Trimmed 1.1% | 1,366,210 | $106M |
| Illinois Tool Works Inc. | 2.2% | Trimmed 0.9% | 389,384 | $100M |
| Agilent Technologies Inc | 2.1% | Trimmed 0.6% | 558,284 | $96.2M |
| HC Heico Corp. Class A | 2.1% | Trimmed 3.0% | 420,436 | $96M |
| Autozone, Inc. | 2.0% | Trimmed 0.7% | 32,269 | $91.3M |
| Ametek, Inc. | 2.0% | Trimmed 1.0% | 361,611 | $89.6M |
| Landstar System, Inc. | 1.9% | Added 0.4% | 508,778 | $85.8M |
| Graco Inc. | 1.9% | Trimmed 0.0% | 1,108,914 | $85.2M |
| Booking Holdings Inc. | 1.8% | Trimmed 0.7% | 500,147 | $81.5M |
| PF Pinnacle Financial Partners In | 1.7% | Trimmed 1.1% | 825,186 | $77.2M |
| Steris PLC | 1.6% | Trimmed 0.1% | 354,742 | $74.5M |
| S&P Global Inc. | 1.4% | Added 33% | 159,081 | $62.8M |
| Republic Services, Inc. | 1.2% | Trimmed 5.2% | 265,824 | $55.8M |
| Entegris, Inc. | 1.2% | Trimmed 1.0% | 355,630 | $54.8M |
| Cintas Corp | 1.1% | Trimmed 5.5% | 268,061 | $52.3M |
| Ryan Specialty Holdings, Inc | 1.1% | Added 1.8% | 1,330,600 | $49.2M |
| Cdw Corporation | 1.0% | Trimmed 49% | 359,805 | $46.1M |
| MM Martin Marietta Mat | 0.9% | Added 1.4% | 89,370 | $42.9M |
| BA Brookfield Asset Management Lt | 0.9% | Trimmed 0.5% | 903,098 | $40.3M |
| Broadridge Financial Solutions | 0.8% | Trimmed 6.9% | 236,910 | $38.2M |
| Thermo Fisher Scientific Inc. | 0.8% | Added 781% | 53,830 | $36.3M |
| Houlihan Lokey Inc. | 0.7% | Added 53% | 256,760 | $32.4M |
| BH Berkshire Hathaway Inc. A | 0.7% | Unchanged | 41 | $30.6M |
| Tyler Technologies Inc | 0.7% | Added 2.8% | 94,361 | $30.1M |
| Watsco, Inc. | 0.6% | Added 19% | 95,325 | $28.9M |
| Jack Henry & Associates Inc | 0.6% | Trimmed 0.2% | 201,067 | $28.8M |
| Exlservice Holdings Inc. | 0.5% | Trimmed 60% | 694,432 | $23.9M |
| CI Colliers International Group I | 0.5% | Added 7.6% | 264,147 | $23.7M |
| Avery Dennison Corp | 0.5% | Added 0.0% | 136,814 | $23.4M |
| Verisk Analytics Inc. | 0.5% | Trimmed 36% | 126,604 | $21.3M |
| Gildan Activewear Inc | 0.5% | Trimmed 0.6% | 493,748 | $21M |
| Motorola Solutions, Inc. | 0.5% | Added 14% | 47,150 | $21M |
| Paychex Inc | 0.5% | Trimmed 3.9% | 212,743 | $21M |
| Nasdaq, Inc. | 0.5% | Added 2.9% | 223,406 | $20.6M |
| Chemed Corp | 0.4% | Added 0.3% | 36,631 | $18.5M |
| Floor & Decor Holdings | 0.4% | Added 11% | 392,536 | $18M |
| Exponent, Inc. | 0.4% | Added 0.3% | 265,398 | $17.4M |
| Firstservice Corporation | 0.4% | Added 6.9% | 130,824 | $16.7M |
| Novanta Inc | 0.4% | Added 0.6% | 116,691 | $16.6M |
| Esab Corporation | 0.4% | Added 76% | 248,030 | $16.3M |
| Sps Commerce Inc. | 0.4% | Trimmed 0.0% | 195,804 | $16.1M |
| TG Trisura Group Ltd. | 0.3% | Added 0.1% | 549,514 | $15.9M |
| CW Casella Waste System Inc. | 0.3% | Trimmed 0.0% | 191,816 | $15.4M |
| Siteone Landscape Supply Inc. | 0.3% | Added 9.1% | 164,444 | $14.9M |
| Home Bancshares, Inc. | 0.3% | Added 0.5% | 502,183 | $14.2M |
Showing top 60 of 93 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2026 · filed October 08, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Amphenol Corp. | Added | +1,349,720 | +$114M | 5.2% |
| Cdw Corporation | Trimmed | −349,770 | −$44.8M | 1.0% |
| Exlservice Holdings Inc. | Trimmed | −1,022,551 | −$35.2M | 0.5% |
| Thermo Fisher Scientific Inc. | Added | +47,720 | +$32.2M | 0.8% |
| Cbiz, Inc. | Exited | −681,628 | −$21.9M | — |
| Ross Stores, Inc. | Trimmed | −84,728 | −$19.8M | 5.9% |
| BI The Baldwin Insurance Group In | Trimmed | −525,807 | −$16.7M | 0.2% |
| S&P Global Inc. | Added | +39,089 | +$15.4M | 1.4% |
| ZT Zebra Technologies A | Trimmed | −40,400 | −$15.1M | 2.6% |
| S Stevanato | New | +582,070 | +$12.2M | 0.3% |
Showing the 10 largest of 77 changes.
quarter ended June 30, 2026 · filed July 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Booking Holdings Inc. | Added | +483,750 | +$86.2M | 1.9% |
| Exlservice Holdings Inc. | Trimmed | −1,040,948 | −$26.9M | 0.9% |
| Tyler Technologies Inc | New | +91,828 | +$26.9M | 0.6% |
| Ross Stores, Inc. | Trimmed | −123,007 | −$26.2M | 5.5% |
| Cdw Corporation | Trimmed | −181,492 | −$25.5M | 2.1% |
| Entegris, Inc. | Trimmed | −138,504 | −$24.9M | 1.3% |
| Ryan Specialty Holdings, Inc | Added | +581,774 | +$22M | 1.0% |
| Fastenal Co | Trimmed | −432,124 | −$20.8M | 3.2% |
| Keysight Technologies Inc. | Trimmed | −55,428 | −$19.4M | 3.5% |
| Motorola Solutions, Inc. | New | +41,210 | +$17.1M | 0.4% |
Showing the 10 largest of 83 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| PF Pinnacle Financial Partners, I | Exited | −844,455 | −$80.6M | — |
| PF Pinnacle Financial Partners In | New | +825,389 | +$71.1M | 1.6% |
| Eog Resources, Inc. | Trimmed | −383,299 | −$55.4M | — |
| S&P Global Inc. | New | +111,035 | +$47.2M | 1.1% |
| Arthur J. Gallagher & Co. | Added | +212,326 | +$46M | 2.7% |
| Ross Stores, Inc. | Trimmed | −168,341 | −$36.5M | 6.6% |
| Cdw Corporation | Trimmed | −259,500 | −$31.4M | 2.4% |
| Keysight Technologies Inc. | Trimmed | −96,023 | −$27.1M | 3.4% |
| Ryan Specialty Holdings, Inc | Added | +697,219 | +$23.5M | 0.5% |
| Roper Technologies, Inc. | Exited | −52,195 | −$23.2M | — |
Showing the 10 largest of 78 changes.
quarter ended December 31, 2025 · filed February 02, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Brookfield Corp | Added | +1,267,580 | +$58.2M | 3.7% |
| Amphenol Corp. | Trimmed | −384,450 | −$52M | 4.7% |
| Landstar System, Inc. | Added | +145,035 | +$20.8M | 1.5% |
| Novanta Inc | New | +118,553 | +$14.1M | 0.3% |
| Cass Information Systems Inc. | Exited | −340,544 | −$13.4M | — |
| Ross Stores, Inc. | Trimmed | −73,307 | −$13.2M | 5.7% |
| Verisk Analytics Inc. | Added | +50,450 | +$11.3M | 0.9% |
| Idex Corporation | Trimmed | −55,476 | −$9.87M | 3.0% |
| PF Pinnacle Financial Partners, I | Trimmed | −103,290 | −$9.85M | 1.7% |
| Floor & Decor Holdings | Added | +126,730 | +$7.72M | 0.4% |
Showing the 10 largest of 82 changes.
quarter ended September 30, 2025 · filed October 20, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Waters Corporation | Exited | −243,780 | −$85.1M | — |
| Agilent Technologies Inc | Added | +405,620 | +$52.1M | 1.5% |
| Amphenol Corp. | Trimmed | −237,161 | −$29.3M | 5.1% |
| Landstar System, Inc. | Added | +238,173 | +$29.2M | 0.8% |
| Pool Corp | Trimmed | −93,645 | −$29M | — |
| Nomad Foods Ltd | Exited | −921,333 | −$15.7M | — |
| PF Pinnacle Financial Partners, I | Trimmed | −129,223 | −$12.1M | 1.8% |
| CW Casella Waste System Inc. | New | +114,226 | +$10.8M | 0.2% |
| Firstservice Corporation | Added | +44,272 | +$8.43M | 0.6% |
| Ge Healthcare Technologies Inc | Added | +62,180 | +$4.67M | 0.3% |
Showing the 10 largest of 78 changes.
quarter ended June 30, 2025 · filed July 22, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Fastenal Co | Added | +1,883,419 | +$79.1M | 3.1% |
| Mccormick & Company | Exited | −751,723 | −$61.9M | — |
| Cdw Corporation | Trimmed | −109,765 | −$19.6M | 4.1% |
| Ametek, Inc. | Added | +85,062 | +$15.4M | 1.3% |
| HC Heico Corp. Class A | Added | +39,929 | +$10.3M | 2.2% |
| Houlihan Lokey Inc. | Added | +54,151 | +$9.74M | 0.4% |
| Ge Healthcare Technologies Inc | New | +125,008 | +$9.26M | 0.2% |
| ZT Zebra Technologies A | Added | +28,655 | +$8.84M | 2.2% |
| Trane Technologies PLC | Trimmed | −15,254 | −$6.67M | 3.6% |
| MT Microchip Technology Incorpora | Added | +80,809 | +$5.69M | 2.0% |
Showing the 10 largest of 76 changes.
quarter ended March 31, 2025 · filed April 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Keysight Technologies Inc. | Added | +187,517 | +$28.1M | 1.9% |
| Brown & Brown, Inc. | Trimmed | −154,215 | −$19.2M | 5.6% |
| Fortune Brands Innovations | Exited | −244,506 | −$16.7M | — |
| BH Berkshire Hathaway Inc. A | Trimmed | −20 | −$16M | 0.9% |
| BI The Baldwin Insurance Group In | New | +340,727 | +$15.2M | 0.3% |
| Arthur J. Gallagher & Co. | Trimmed | −37,098 | −$12.8M | 2.7% |
| Steris PLC | Added | +47,995 | +$10.9M | 1.5% |
| Trane Technologies PLC | Trimmed | −19,119 | −$6.44M | 3.1% |
| Sps Commerce Inc. | Added | +38,463 | +$5.11M | 0.3% |
| Hagerty, Inc. | Trimmed | −451,536 | −$4.08M | 0.1% |
Showing the 10 largest of 83 changes.
quarter ended December 31, 2024 · filed January 21, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SC Southstate Corporation | Exited | −418,015 | −$40.6M | — |
| Carmax, Inc. | Exited | −326,160 | −$25.2M | — |
| Brookfield Infrastructure Corp | Exited | −569,361 | −$24.7M | — |
| Brookfield Infrastructure Corp | New | +565,878 | +$22.6M | 0.5% |
| BH Berkshire Hathaway Inc. A | Trimmed | −21 | −$14.3M | 1.0% |
| MT Microchip Technology Incorpora | Trimmed | −175,464 | −$10.1M | 1.6% |
| T Rowe Price Group, Inc. | Trimmed | −34,767 | −$3.93M | 0.1% |
| Trane Technologies PLC | Trimmed | −9,216 | −$3.4M | 3.5% |
| Fortune Brands Innovations | Trimmed | −44,827 | −$3.06M | 0.4% |
| Brown & Brown, Inc. | Trimmed | −26,368 | −$2.69M | 4.9% |
Showing the 10 largest of 85 changes.
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