The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADT INC DEL COM com 00090Q103   265,000 32,616 SH   SOLE   0 0 32,616
ALPHABET INC CLASS A com 02079K305   30,145,000 194,937 SH   SOLE   58,901 0 136,036
ALPHABET INC CLASS C com 02079K107   29,166,000 186,683 SH   SOLE   86,566 0 100,118
ALTRIA GROUP INC COM com 02209S103   1,102,000 18,363 SH   SOLE   16,345 0 2,018
AMAZON.COM INC com 023135106   44,897,000 235,980 SH   SOLE   85,676 0 150,304
APPLE INC com 037833100   5,983,000 26,937 SH   SOLE   7,173 0 19,763
BERKSHIRE HATHAWAY B NEW CLASS com 084670702   3,969,000 7,452 SH   SOLE   5,820 0 1,632
BERKSHIRE HATHAWAY INC (D com 084670108   11,178,000 14 SH   SOLE   4 0 10
BLUE OWL CAPITAL INC COM CL A com 09581B103   40,268,000 2,009,370 SH   SOLE   771,001 0 1,238,368
BOOKING HOLDINGS INC com 09857L108   68,079,000 14,778 SH   SOLE   5,677 0 9,101
BROOKFIELD ASSET MANAG CL A LM com 113004105   15,196,000 313,637 SH   SOLE   119,933 0 193,703
BROOKFIELD CORP com 11271J107   310,000 5,922 SH   SOLE   0 0 5,922
CATERPILLAR INC com 149123101   841,000 2,549 SH   SOLE   982 0 1,567
CIGNA GROUP com 125523100   41,645,000 126,581 SH   SOLE   48,763 0 77,819
CISCO SYSTEMS INC com 17275R102   390,000 6,323 SH   SOLE   0 0 6,323
COSTAR GROUP INC com 22160N109   15,126,000 190,914 SH   SOLE   72,654 0 118,260
CTT CORREIOS DE PORTUG SHS com X1R05J122   687,000 84,925 SH   SOLE   11,075 0 73,850
CUMMINS INC com 231021106   291,000 927 SH   SOLE   821 0 106
DANAHER CORP com 235851102   35,294,000 172,168 SH   SOLE   62,523 0 109,645
DEERE & CO com 244199105   284,000 606 SH   SOLE   341 0 265
FIRST ADVANTAGE CORP com 31846b108   18,585,000 1,319,044 SH   SOLE   505,271 0 813,773
FIRST CTZNS BANCSHARES CL A com 31946M103   51,896,000 27,990 SH   SOLE   10,476 0 17,514
FISERV INC com 337738108   66,795,000 302,470 SH   SOLE   115,245 0 187,225
FRANCO NEV CORP COM com 351858105   622,000 3,946 SH   SOLE   28 0 3,918
HOME DEPOT INC com 437076102   258,000 705 SH   SOLE   531 0 174
IDEXX LABS INC com 45168D104   2,391,000 5,694 SH   SOLE   2,139 0 3,555
INTERCONTINENTAL EXCHANGE com 45866f104   9,609,000 55,705 SH   SOLE   21,103 0 34,601
ISHARES MSCI GWTH IDX FD com 464288885   261,000 2,614 SH   SOLE   800 0 1,814
ISHARES TR DJ TOTAL MKT US TOT com 464287846   885,000 6,502 SH   SOLE   3,000 0 3,502
ISHARES TR MSCI EAFE FD MSCI E com 464287465   301,000 3,677 SH   SOLE   310 0 3,367
ISHARES TR RUSSELL 1000 RUSSEL com 464287622   932,000 3,038 SH   SOLE   1,350 0 1,688
JD.COM INC com 47215P106   21,783,000 529,749 SH   SOLE   204,546 0 325,203
JOHNSON & JOHNSON com 478160104   333,000 2,011 SH   SOLE   880 0 1,131
KELLANOVA com 487836108   222,000 2,689 SH   SOLE   2,158 0 531
KYNDRYL HLDGS INC COMMON STOCK com 50155Q100   66,937,000 2,131,738 SH   SOLE   814,286 0 1,317,452
LANDBRIDGE COMPANY LLC CL A com 514952100   10,882,000 151,269 SH   SOLE   57,190 0 94,079
MERCK & CO INC NEW com 58933y105   505,000 5,623 SH   SOLE   4,748 0 875
MICROSOFT CORP com 594918104   2,468,000 6,574 SH   SOLE   1,759 0 4,815
MONDELEZ INTL INC com 609207105   696,000 10,253 SH   SOLE   8,917 0 1,336
NVIDIA CORP com 67066G104   228,000 2,107 SH   SOLE   170 0 1,937
PAYPAL HOLDINGS INC com 70450Y103   15,837,000 242,720 SH   SOLE   93,385 0 149,335
PEMBINA PIPELINE CORP F com 706327103   478,000 11,939 SH   SOLE   5,787 0 6,152
PEPSICO INCORPORATED com 713448108   328,000 2,185 SH   SOLE   1,568 0 617
PHILIP MORRIS INTL INC com 718172109   22,690,000 142,950 SH   SOLE   60,204 0 82,746
PROCTER & GAMBLE com 742718109   1,164,000 6,829 SH   SOLE   5,972 0 857
PROGRESSIVE CORP OHIO com 743315103   488,000 1,724 SH   SOLE   0 0 1,724
RICHARDS PACKAGING com 763102100   306,000 16,300 SH   SOLE   0 0 16,300
RYANAIR HOLDINGS PLC SPONSORED com 783513203   29,785,000 702,974 SH   SOLE   273,077 0 429,896
S&P 500 INDEX com 464287200   1,045,000 1,860 SH   SOLE   58 0 1,802
SHERWIN-WILLIAMS com 824348106   1,362,000 3,900 SH   SOLE   3,900 0 0
SPDR S&P MIDCAP 400 ETF com 78467Y107   289,000 542 SH   SOLE   58 0 484
TENCENT HLDGS LTD ADR com 88032Q109   13,142,000 205,858 SH   SOLE   81,341 0 124,517
TEXAS PACIFIC LAND CORP com 88262P102   19,645,000 14,827 SH   SOLE   5,576 0 9,251
UNION PACIFIC CORP com 907818108   261,000 1,103 SH   SOLE   300 0 803
VISA INC com 92826C839   59,727,000 170,426 SH   SOLE   63,742 0 106,684
WILLIS TOWERS WATSON com G96629103   64,446,000 190,698 SH   SOLE   72,436 0 118,261