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
3M CO COM 88579Y101   7,583,220 81,000 SH   SOLE   81,000 0 0
3M CO COM 88579Y101   19,917,655 212,750 SH   DFND 1 212,750 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101   307 1 SH   SOLE   1 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101   48,953,026 159,399 SH   DFND 1 159,399 0 0
ACTIVISION BLIZZARD INC COM 00507V109   168,534 1,800 SH   SOLE   1,800 0 0
ACTIVISION BLIZZARD INC COM 00507V109   60,747,145 648,800 SH   DFND 1 648,800 0 0
ALLSTATE CORP COM 020002101   15,770,086 141,550 SH   DFND 1 141,550 0 0
ALPHABET INC CAP STK CL A 02079K305   9,421,920 72,000 SH   SOLE   72,000 0 0
ALPHABET INC CAP STK CL A 02079K305   63,205,380 483,000 SH   DFND 1 483,000 0 0
ALPHABET INC CAP STK CL C 02079K107   39,189,776 297,230 SH   SOLE   297,230 0 0
ALPHABET INC CAP STK CL C 02079K107   323,379,266 2,452,630 SH   DFND 1 2,452,630 0 0
AMAZON COM INC COM 023135106   18,868,676 148,432 SH   SOLE   148,432 0 0
AMAZON COM INC COM 023135106   238,544,239 1,876,528 SH   DFND 1 1,876,528 0 0
AMERICAN EXPRESS CO COM 025816109   1,491,900 10,000 SH   SOLE   10,000 0 0
AMERICAN EXPRESS CO COM 025816109   70,753,358 474,250 SH   DFND 1 474,250 0 0
AMERICAN TOWER CORP NEW COM 03027X100   164,450 1,000 SH   SOLE   1,000 0 0
AMERICAN TOWER CORP NEW COM 03027X100   8,372,150 50,910 SH   DFND 1 50,910 0 0
ANALOG DEVICES INC COM 032654105   1,925,990 11,000 SH   SOLE   11,000 0 0
ANALOG DEVICES INC COM 032654105   195,693,016 1,117,671 SH   DFND 1 1,117,671 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108   608,300 11,000 SH   DFND 1 11,000 0 0
AON PLC SHS CL A G0403H108   486,330 1,500 SH   SOLE   1,500 0 0
AON PLC SHS CL A G0403H108   31,789,771 98,050 SH   DFND 1 98,050 0 0
APOLLO GLOBAL MGMT INC COM 03769M106   2,019,600 22,500 SH   SOLE   22,500 0 0
APOLLO GLOBAL MGMT INC COM 03769M106   88,862,400 990,000 SH   DFND 1 990,000 0 0
APPLE INC COM 037833100   8,252,322 48,200 SH   SOLE   48,200 0 0
APPLE INC COM 037833100   200,947,464 1,173,690 SH   DFND 1 1,173,690 0 0
ARCHER DANIELS MIDLAND CO COM 039483102   12,876,230 170,727 SH   SOLE   170,727 0 0
ARCHER DANIELS MIDLAND CO COM 039483102   97,485,856 1,292,573 SH   DFND 1 1,292,573 0 0
BALL CORP COM 058498106   2,538,780 51,000 SH   DFND 1 51,000 0 0
BANK NEW YORK MELLON CORP COM 064058100   15,577,913 365,250 SH   DFND 1 365,250 0 0
BERKLEY W R CORP COM 084423102   2,571,346 40,500 SH   DFND 1 40,500 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108   313,571,430 590 SH   SOLE   590 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108   278,493,948 524 SH   DFND 1 524 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   386,892,338 1,104,460 SH   SOLE   1,104,460 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   149,757,104 427,511 SH   DFND 1 427,511 0 0
BLACKROCK INC COM 09247X101   7,757,880 12,000 SH   SOLE   12,000 0 0
BLACKROCK INC COM 09247X101   134,599,218 208,200 SH   DFND 1 208,200 0 0
BLACKSTONE INC COM 09260D107   3,696,330 34,500 SH   SOLE   34,500 0 0
BLACKSTONE INC COM 09260D107   127,978,730 1,194,500 SH   DFND 1 1,194,500 0 0
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105   41,291,590 1,238,500 SH   SOLE   1,238,500 0 0
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105   31,854,804 955,453 SH   DFND 1 955,453 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   99,192,756 3,172,138 SH   SOLE   3,172,138 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   173,348,465 5,543,603 SH   DFND 1 5,543,603 0 0
BROOKFIELD REINS LTD CL A EXCH LT VTG G16250105   776,491 24,674 SH   SOLE   24,674 0 0
BROOKFIELD REINS LTD CL A EXCH LT VTG G16250105   1,114,887 35,427 SH   DFND 1 35,427 0 0
BROWN FORMAN CORP CL A 115637100   9,563,260 164,600 SH   SOLE   164,600 0 0
BROWN FORMAN CORP CL A 115637100   39,415,040 678,400 SH   DFND 1 678,400 0 0
BROWN FORMAN CORP CL B 115637209   8,388,126 145,400 SH   SOLE   145,400 0 0
BROWN FORMAN CORP CL B 115637209   18,967,724 328,787 SH   DFND 1 328,787 0 0
CABLE ONE INC COM 12685J105   23,209,628 37,700 SH   DFND 1 37,700 0 0
CAPITAL ONE FINL CORP COM 14040H105   727,875 7,500 SH   SOLE   7,500 0 0
CAPITAL ONE FINL CORP COM 14040H105   8,006,625 82,500 SH   DFND 1 82,500 0 0
CARLYLE GROUP INC COM 14316J108   1,342,120 44,500 SH   SOLE   44,500 0 0
CARLYLE GROUP INC COM 14316J108   38,680,200 1,282,500 SH   DFND 1 1,282,500 0 0
CARMAX INC COM 143130102   495,110 7,000 SH   SOLE   7,000 0 0
CARMAX INC COM 143130102   5,446,210 77,000 SH   DFND 1 77,000 0 0
CARRIER GLOBAL CORPORATION COM 14448C104   3,013,920 54,600 SH   SOLE   54,600 0 0
CARRIER GLOBAL CORPORATION COM 14448C104   9,958,080 180,400 SH   DFND 1 180,400 0 0
CATERPILLAR INC COM 149123101   2,730,273 10,001 SH   SOLE   10,001 0 0
CATERPILLAR INC COM 149123101   78,924,027 289,099 SH   DFND 1 289,099 0 0
CELANESE CORP DEL COM 150870103   753,120 6,000 SH   SOLE   6,000 0 0
CELANESE CORP DEL COM 150870103   8,886,816 70,800 SH   DFND 1 70,800 0 0
CHOICE HOTELS INTL INC COM 169905106   4,042,830 33,000 SH   DFND 1 33,000 0 0
CISCO SYS INC COM 17275R102   7,956,480 148,000 SH   SOLE   148,000 0 0
CISCO SYS INC COM 17275R102   10,429,440 194,000 SH   DFND 1 194,000 0 0
COMCAST CORP NEW CL A 20030N101   5,901,654 133,100 SH   SOLE   133,100 0 0
COMCAST CORP NEW CL A 20030N101   41,131,602 927,641 SH   DFND 1 927,641 0 0
COSTAR GROUP INC COM 22160N109   1,430,154 18,600 SH   DFND 1 18,600 0 0
COSTCO WHSL CORP NEW COM 22160K105   22,118,184 39,150 SH   DFND 1 39,150 0 0
CRACKER BARREL OLD CTRY STOR COM 22410J106   403,200 6,000 SH   SOLE   6,000 0 0
CRACKER BARREL OLD CTRY STOR COM 22410J106   7,056,000 105,000 SH   DFND 1 105,000 0 0
CROWN HLDGS INC COM 228368106   265,440 3,000 SH   SOLE   3,000 0 0
CROWN HLDGS INC COM 228368106   16,501,520 186,500 SH   DFND 1 186,500 0 0
CVS HEALTH CORP COM 126650100   139,640 2,000 SH   SOLE   2,000 0 0
CVS HEALTH CORP COM 126650100   23,040,600 330,000 SH   DFND 1 330,000 0 0
DEERE & CO COM 244199105   286,355,944 758,800 SH   DFND 1 758,800 0 0
DIAGEO PLC SPON ADR NEW 25243Q205   87,317,143 585,314 SH   SOLE   585,314 0 0
DIAGEO PLC SPON ADR NEW 25243Q205   114,106,887 764,894 SH   DFND 1 764,894 0 0
DISNEY WALT CO COM 254687106   36,815,909 454,237 SH   SOLE   454,237 0 0
DISNEY WALT CO COM 254687106   127,688,439 1,575,428 SH   DFND 1 1,575,428 0 0
DOLLAR GEN CORP NEW COM 256677105   370,300 3,500 SH   SOLE   3,500 0 0
DOLLAR GEN CORP NEW COM 256677105   62,078,150 586,750 SH   DFND 1 586,750 0 0
DUN & BRADSTREET HLDGS INC COM 26484T106   1,148,850 115,000 SH   DFND 1 115,000 0 0
EASTMAN CHEM CO COM 277432100   306,880 4,000 SH   SOLE   4,000 0 0
EASTMAN CHEM CO COM 277432100   5,289,844 68,950 SH   DFND 1 68,950 0 0
ECOLAB INC COM 278865100   3,896,200 23,000 SH   SOLE   23,000 0 0
ECOLAB INC COM 278865100   42,570,220 251,300 SH   DFND 1 251,300 0 0
ELECTRONIC ARTS INC COM 285512109   9,728,320 80,800 SH   DFND 1 80,800 0 0
EQUIFAX INC COM 294429105   16,092,364 87,850 SH   DFND 1 87,850 0 0
FACTSET RESH SYS INC COM 303075105   10,056,980 23,000 SH   SOLE   23,000 0 0
FACTSET RESH SYS INC COM 303075105   40,980,006 93,720 SH   DFND 1 93,720 0 0
FEDEX CORP COM 31428X106   1,059,680 4,000 SH   SOLE   4,000 0 0
FEDEX CORP COM 31428X106   37,353,720 141,000 SH   DFND 1 141,000 0 0
FERGUSON PLC NEW SHS G3421J106   986,820 6,000 SH   DFND 1 6,000 0 0
GARTNER INC COM 366651107   1,958,577 5,700 SH   DFND 1 5,700 0 0
GENERAL DYNAMICS CORP COM 369550108   9,722,680 44,000 SH   SOLE   44,000 0 0
GENERAL DYNAMICS CORP COM 369550108   76,676,589 347,000 SH   DFND 1 347,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104   7,652,431 23,650 SH   SOLE   23,650 0 0
GOLDMAN SACHS GROUP INC COM 38141G104   108,625,685 335,710 SH   DFND 1 335,710 0 0
GRAHAM HLDGS CO COM CL B 384637104   3,031,600 5,200 SH   DFND 1 5,200 0 0
HAGERTY INC CL A COM 405166109   24,510,000 3,000,000 SH   SOLE   3,000,000 0 0
HAGERTY INC W EXP 12/02/2027 405166117   1,236,600 540,000 SH   SOLE   540,000 0 0
HANOVER INS GROUP INC COM 410867105   665,880 6,000 SH   SOLE   6,000 0 0
HANOVER INS GROUP INC COM 410867105   20,309,340 183,000 SH   DFND 1 183,000 0 0
HCA HEALTHCARE INC COM 40412C101   1,980,139 8,050 SH   DFND 1 8,050 0 0
HEICO CORP NEW CL A 422806208   1,576,742 12,202 SH   SOLE   12,202 0 0
HEICO CORP NEW CL A 422806208   47,480,855 367,442 SH   DFND 1 367,442 0 0
HEXCEL CORP NEW COM 428291108   2,475,320 38,000 SH   SOLE   38,000 0 0
HEXCEL CORP NEW COM 428291108   9,836,140 151,000 SH   DFND 1 151,000 0 0
HOME DEPOT INC COM 437076102   83,669,917 276,906 SH   SOLE   276,906 0 0
HOME DEPOT INC COM 437076102   194,317,283 643,094 SH   DFND 1 643,094 0 0
ILLINOIS TOOL WKS INC COM 452308109   3,880,954 16,851 SH   SOLE   16,851 0 0
ILLINOIS TOOL WKS INC COM 452308109   71,545,572 310,649 SH   DFND 1 310,649 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104   3,639,131 33,077 SH   DFND 1 33,077 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101   1,567,910 23,000 SH   DFND 1 23,000 0 0
INTUIT COM 461202103   1,389,757 2,720 SH   DFND 1 2,720 0 0
INVESTORS TITLE CO NC COM 461804106   31,587,597 213,300 SH   DFND 1 213,300 0 0
IQVIA HLDGS INC COM 46266C105   8,622,765 43,826 SH   DFND 1 43,826 0 0
JOHNSON & JOHNSON COM 478160104   4,160,861 26,715 SH   SOLE   26,715 0 0
JOHNSON & JOHNSON COM 478160104   90,971,239 584,085 SH   DFND 1 584,085 0 0
JPMORGAN CHASE & CO COM 46625H100   35,029,581 241,550 SH   DFND 1 241,550 0 0
KKR & CO INC COM 48251W104   1,108,800 18,000 SH   SOLE   18,000 0 0
KKR & CO INC COM 48251W104   88,322,080 1,433,800 SH   DFND 1 1,433,800 0 0
LAMAR ADVERTISING CO NEW CL A 512816109   4,215,235 50,500 SH   DFND 1 50,500 0 0
LIBERTY BROADBAND CORP COM SER A 530307107   1,977,293 21,750 SH   SOLE   21,750 0 0
LIBERTY BROADBAND CORP COM SER A 530307107   15,909,250 175,000 SH   DFND 1 175,000 0 0
LIBERTY BROADBAND CORP COM SER C 530307305   3,730,696 40,853 SH   SOLE   40,853 0 0
LIBERTY BROADBAND CORP COM SER C 530307305   9,954,428 109,006 SH   DFND 1 109,006 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104   51,360 3,000 SH   SOLE   3,000 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104   2,824,800 165,000 SH   DFND 1 165,000 0 0
LIBERTY MEDIA CORP DEL COM LBTY LIV S C 531229722   2,568,000 80,000 SH   DFND 1 80,000 0 0
LIBERTY MEDIA CORP DEL COM LBTY LIV S A 531229748   2,713,200 85,000 SH   DFND 1 85,000 0 0
LIBERTY MEDIA CORP DEL COM LBTY LIV S A 531229748   414,960 13,000 SH   SOLE   13,000 0 0
LINDE PLC SHS G54950103   2,755,390 7,400 SH   SOLE   7,400 0 0
LINDE PLC SHS G54950103   42,112,785 113,100 SH   DFND 1 113,100 0 0
LOCKHEED MARTIN CORP COM 539830109   23,050,212 56,363 SH   DFND 1 56,363 0 0
LOWES COS INC COM 548661107   12,833,704 61,748 SH   SOLE   61,748 0 0
LOWES COS INC COM 548661107   121,322,858 583,732 SH   DFND 1 583,732 0 0
LPL FINL HLDGS INC COM 50212V100   543,981 2,289 SH   SOLE   2,289 0 0
LPL FINL HLDGS INC COM 50212V100   71,051,408 298,975 SH   DFND 1 298,975 0 0
MARSH & MCLENNAN COS INC COM 571748102   3,901,150 20,500 SH   SOLE   20,500 0 0
MARSH & MCLENNAN COS INC COM 571748102   124,075,600 652,000 SH   DFND 1 652,000 0 0
MASTERCARD INCORPORATED CL A 57636Q104   7,911,866 19,984 SH   SOLE   19,984 0 0
MASTERCARD INCORPORATED CL A 57636Q104   74,255,296 187,556 SH   DFND 1 187,556 0 0
META PLATFORMS INC CL A 30303M102   6,487,538 21,610 SH   SOLE   21,610 0 0
META PLATFORMS INC CL A 30303M102   71,231,127 237,271 SH   DFND 1 237,271 0 0
MICROSOFT CORP COM 594918104   7,457,699 23,619 SH   SOLE   23,619 0 0
MICROSOFT CORP COM 594918104   148,042,862 468,861 SH   DFND 1 468,861 0 0
MOODYS CORP COM 615369105   6,669,922 21,096 SH   SOLE   21,096 0 0
MOODYS CORP COM 615369105   60,955,680 192,794 SH   DFND 1 192,794 0 0
MSCI INC COM 55354G100   513,080 1,000 SH   SOLE   1,000 0 0
MSCI INC COM 55354G100   72,780,398 141,850 SH   DFND 1 141,850 0 0
NIKE INC CL B 654106103   4,398,520 46,000 SH   SOLE   46,000 0 0
NIKE INC CL B 654106103   30,875,698 322,900 SH   DFND 1 322,900 0 0
NORFOLK SOUTHN CORP COM 655844108   5,710,970 29,000 SH   SOLE   29,000 0 0
NORFOLK SOUTHN CORP COM 655844108   39,484,465 200,500 SH   DFND 1 200,500 0 0
NOVO-NORDISK A S ADR 670100205   108,385,930 1,191,840 SH   SOLE   1,191,840 0 0
NOVO-NORDISK A S ADR 670100205   87,135,070 958,160 SH   DFND 1 958,160 0 0
NVR INC COM 62944T105   1,043,578 175 SH   SOLE   175 0 0
NVR INC COM 62944T105   63,503,181 10,649 SH   DFND 1 10,649 0 0
O-I GLASS INC COM 67098H104   1,673 100 SH   SOLE   100 0 0
O-I GLASS INC COM 67098H104   7,846,370 469,000 SH   DFND 1 469,000 0 0
OLD DOMINION FREIGHT LINE IN COM 679580100   1,227,420 3,000 SH   SOLE   3,000 0 0
OLD DOMINION FREIGHT LINE IN COM 679580100   31,299,210 76,500 SH   DFND 1 76,500 0 0
OTIS WORLDWIDE CORP COM 68902V107   2,192,463 27,300 SH   SOLE   27,300 0 0
OTIS WORLDWIDE CORP COM 68902V107   7,012,671 87,320 SH   DFND 1 87,320 0 0
PAYCHEX INC COM 704326107   8,073,100 70,000 SH   SOLE   70,000 0 0
PAYCHEX INC COM 704326107   9,226,400 80,000 SH   DFND 1 80,000 0 0
PEPSICO INC COM 713448108   16,301,822 96,210 SH   DFND 1 96,210 0 0
PHILIP MORRIS INTL INC COM 718172109   10,600,411 114,500 SH   DFND 1 114,500 0 0
PRICE T ROWE GROUP INC COM 74144T108   3,355,840 32,000 SH   SOLE   32,000 0 0
PRICE T ROWE GROUP INC COM 74144T108   29,573,341 282,000 SH   DFND 1 282,000 0 0
PROGRESSIVE CORP COM 743315103   8,358,000 60,000 SH   SOLE   60,000 0 0
PROGRESSIVE CORP COM 743315103   96,639,375 693,750 SH   DFND 1 693,750 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101   3,929,562 54,600 SH   SOLE   54,600 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101   12,191,718 169,400 SH   DFND 1 169,400 0 0
RENAISSANCERE HLDGS LTD COM G7496G103   593,760 3,000 SH   SOLE   3,000 0 0
RENAISSANCERE HLDGS LTD COM G7496G103   9,104,320 46,000 SH   DFND 1 46,000 0 0
RLI CORP COM 749607107   13,109,988 96,475 SH   SOLE   96,475 0 0
RLI CORP COM 749607107   149,587,305 1,100,797 SH   DFND 1 1,100,797 0 0
ROCKWELL AUTOMATION INC COM 773903109   2,258,373 7,900 SH   SOLE   7,900 0 0
ROCKWELL AUTOMATION INC COM 773903109   42,022,890 147,000 SH   DFND 1 147,000 0 0
ROLLINS INC COM 775711104   2,332,192 62,475 SH   SOLE   62,475 0 0
ROLLINS INC COM 775711104   49,305,465 1,320,800 SH   DFND 1 1,320,800 0 0
S&P GLOBAL INC COM 78409V104   365,410 1,000 SH   SOLE   1,000 0 0
S&P GLOBAL INC COM 78409V104   54,698,223 149,690 SH   DFND 1 149,690 0 0
SCHWAB CHARLES CORP COM 808513105   7,082,100 129,000 SH   SOLE   129,000 0 0
SCHWAB CHARLES CORP COM 808513105   63,012,353 1,147,766 SH   DFND 1 1,147,766 0 0
SCOTTS MIRACLE-GRO CO CL A 810186106   465,120 9,000 SH   SOLE   9,000 0 0
SCOTTS MIRACLE-GRO CO CL A 810186106   7,596,960 147,000 SH   DFND 1 147,000 0 0
SEI INVTS CO COM 784117103   3,553,570 59,000 SH   SOLE   59,000 0 0
SEI INVTS CO COM 784117103   6,878,266 114,200 SH   DFND 1 114,200 0 0
SHERWIN WILLIAMS CO COM 824348106   24,018,568 94,172 SH   DFND 1 94,172 0 0
SHOPIFY INC CL A 82509L107   5,607,068 102,750 SH   DFND 1 102,750 0 0
SONY GROUP CORPORATION SPONSORED ADR 835699307   5,521,470 67,000 SH   DFND 1 67,000 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102   4,005,176 25,900 SH   DFND 1 25,900 0 0
STARBUCKS CORP COM 855244109   3,696,435 40,500 SH   SOLE   40,500 0 0
STARBUCKS CORP COM 855244109   44,888,229 491,818 SH   DFND 1 491,818 0 0
STERICYCLE INC COM 858912108   1,117,750 25,000 SH   SOLE   25,000 0 0
STERICYCLE INC COM 858912108   28,779,827 643,700 SH   DFND 1 643,700 0 0
TARGET CORP COM 87612E106   829,275 7,500 SH   SOLE   7,500 0 0
TARGET CORP COM 87612E106   8,348,035 75,500 SH   DFND 1 75,500 0 0
TEXAS INSTRS INC COM 882508104   159 1 SH   SOLE   1 0 0
TEXAS INSTRS INC COM 882508104   115,123,081 723,999 SH   DFND 1 723,999 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102   6,883,913 13,600 SH   DFND 1 13,600 0 0
TRANSUNION COM 89400J107   215,370 3,000 SH   SOLE   3,000 0 0
TRANSUNION COM 89400J107   7,039,010 98,050 SH   DFND 1 98,050 0 0
TYSON FOODS INC CL A 902494103   504,900 10,000 SH   SOLE   10,000 0 0
TYSON FOODS INC CL A 902494103   28,653,075 567,500 SH   DFND 1 567,500 0 0
UBER TECHNOLOGIES INC COM 90353T100   965,790 21,000 SH   DFND 1 21,000 0 0
UNION PAC CORP COM 907818108   2,260,293 11,100 SH   SOLE   11,100 0 0
UNION PAC CORP COM 907818108   15,206,682 74,678 SH   DFND 1 74,678 0 0
UNITED RENTALS INC COM 911363109   1,333,710 3,000 SH   DFND 1 3,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102   2,520,950 5,000 SH   DFND 1 5,000 0 0
VERISK ANALYTICS INC COM 92345Y106   590,600 2,500 SH   SOLE   2,500 0 0
VERISK ANALYTICS INC COM 92345Y106   26,506,128 112,200 SH   DFND 1 112,200 0 0
VISA INC COM CL A 92826C839   17,515,262 76,150 SH   SOLE   76,150 0 0
VISA INC COM CL A 92826C839   212,330,281 923,135 SH   DFND 1 923,135 0 0
VONTIER CORPORATION COM 928881101   3,427,574 110,853 SH   DFND 1 110,853 0 0
WATSCO INC COM 942622200   15,713,152 41,600 SH   SOLE   41,600 0 0
WATSCO INC COM 942622200   190,427,537 504,150 SH   DFND 1 504,150 0 0
WELLS FARGO CO NEW COM 949746101   1,307,520 32,000 SH   SOLE   32,000 0 0
WELLS FARGO CO NEW COM 949746101   7,046,307 172,450 SH   DFND 1 172,450 0 0
WHIRLPOOL CORP COM 963320106   699,251 5,230 SH   SOLE   5,230 0 0
WHIRLPOOL CORP COM 963320106   37,010,701 276,819 SH   DFND 1 276,819 0 0
WILLIS TOWERS WATSON PLC LTD SHS G96629103   1,802,698 8,627 SH   DFND 1 8,627 0 0