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   8,277,390 81,000 SH   SOLE 1 81,000 0 0
3M CO COM 88579Y101   21,740,923 212,750 SH   DFND 1 212,750 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101   303 1 SH   SOLE 1 1 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101   48,363,251 159,399 SH   DFND 1 159,399 0 0
AIR PRODS & CHEMS INC COM 009158106   9,805,900 38,000 SH   DFND 1 38,000 0 0
ALLSTATE CORP COM 020002101   24,675,453 154,550 SH   DFND 1 154,550 0 0
ALPHABET INC CAP STK CL A 02079K305   13,114,800 72,000 SH   SOLE 1 72,000 0 0
ALPHABET INC CAP STK CL C 02079K107   54,517,927 297,230 SH   SOLE 1 297,230 0 0
ALPHABET INC CAP STK CL A 02079K305   87,978,450 483,000 SH   DFND 1 483,000 0 0
ALPHABET INC CAP STK CL C 02079K107   449,861,395 2,452,630 SH   DFND 1 2,452,630 0 0
AMAZON COM INC COM 023135106   28,684,484 148,432 SH   SOLE 1 148,432 0 0
AMAZON COM INC COM 023135106   363,759,886 1,882,328 SH   DFND 1 1,882,328 0 0
AMERICAN EXPRESS CO COM 025816109   2,315,500 10,000 SH   SOLE 1 10,000 0 0
AMERICAN EXPRESS CO COM 025816109   109,812,589 474,250 SH   DFND 1 474,250 0 0
AMERICAN TOWER CORP NEW COM 03027X100   194,380 1,000 SH   SOLE 1 1,000 0 0
AMERICAN TOWER CORP NEW COM 03027X100   9,895,885 50,910 SH   DFND 1 50,910 0 0
ANALOG DEVICES INC COM 032654105   2,510,860 11,000 SH   SOLE 1 11,000 0 0
ANALOG DEVICES INC COM 032654105   264,021,722 1,156,671 SH   DFND 1 1,156,671 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108   639,650 11,000 SH   DFND 1 11,000 0 0
AON PLC SHS CL A G0403H108   440,370 1,500 SH   SOLE 1 1,500 0 0
AON PLC SHS CL A G0403H108   33,013,071 112,450 SH   DFND 1 112,450 0 0
APOLLO GLOBAL MGMT INC COM 03769M106   2,656,575 22,500 SH   SOLE 1 22,500 0 0
APOLLO GLOBAL MGMT INC COM 03769M106   116,889,300 990,000 SH   DFND 1 990,000 0 0
APPLE INC COM 037833100   10,151,884 48,200 SH   SOLE 1 48,200 0 0
APPLE INC COM 037833100   248,339,936 1,179,090 SH   DFND 1 1,179,090 0 0
ARCHER DANIELS MIDLAND CO COM 039483102   10,320,447 170,727 SH   SOLE 1 170,727 0 0
ARCHER DANIELS MIDLAND CO COM 039483102   78,136,037 1,292,573 SH   DFND 1 1,292,573 0 0
BALL CORP COM 058498106   3,061,020 51,000 SH   DFND 1 51,000 0 0
BANK NEW YORK MELLON CORP COM 064058100   7,276,635 121,500 SH   DFND 1 121,500 0 0
BERKLEY W R CORP COM 084423102   3,182,490 40,500 SH   DFND 1 40,500 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108   361,222,190 590 SH   SOLE 1 590 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   449,294,328 1,104,460 SH   SOLE 1 1,104,460 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108   320,814,284 524 SH   DFND 1 524 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   173,911,475 427,511 SH   DFND 1 427,511 0 0
BLACKROCK INC COM 09247X101   9,447,840 12,000 SH   SOLE 1 12,000 0 0
BLACKROCK INC COM 09247X101   163,920,024 208,200 SH   DFND 1 208,200 0 0
BLACKSTONE INC COM 09260D107   4,271,100 34,500 SH   SOLE 1 34,500 0 0
BLACKSTONE INC COM 09260D107   147,879,100 1,194,500 SH   DFND 1 1,194,500 0 0
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105   47,124,925 1,238,500 SH   SOLE 1 1,238,500 0 0
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105   36,354,986 955,453 SH   DFND 1 955,453 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   131,770,612 3,172,138 SH   SOLE 1 3,172,138 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   230,281,270 5,543,603 SH   DFND 1 5,543,603 0 0
BROOKFIELD REINS LTD CL A EXCH LT VTG G16250105   1,026,192 24,674 SH   SOLE 1 24,674 0 0
BROOKFIELD REINS LTD CL A EXCH LT VTG G16250105   1,473,409 35,427 SH   DFND 1 35,427 0 0
BROWN FORMAN CORP CL A 115637100   7,263,798 164,600 SH   SOLE 1 164,600 0 0
BROWN FORMAN CORP CL B 115637209   6,279,826 145,400 SH   SOLE 1 145,400 0 0
BROWN FORMAN CORP CL A 115637100   29,937,793 678,400 SH   DFND 1 678,400 0 0
BROWN FORMAN CORP CL B 115637209   14,200,311 328,787 SH   DFND 1 328,787 0 0
CABLE ONE INC COM 12685J105   19,045,200 53,800 SH   DFND 1 53,800 0 0
CAPITAL ONE FINL CORP COM 14040H105   1,038,375 7,500 SH   SOLE 1 7,500 0 0
CAPITAL ONE FINL CORP COM 14040H105   11,560,575 83,500 SH   DFND 1 83,500 0 0
CARLYLE GROUP INC COM 14316J108   1,786,675 44,500 SH   SOLE 1 44,500 0 0
CARLYLE GROUP INC COM 14316J108   51,492,375 1,282,500 SH   DFND 1 1,282,500 0 0
CARMAX INC COM 143130102   513,380 7,000 SH   SOLE 1 7,000 0 0
CARMAX INC COM 143130102   9,497,530 129,500 SH   DFND 1 129,500 0 0
CARRIER GLOBAL CORPORATION COM 14448C104   3,444,168 54,600 SH   SOLE 1 54,600 0 0
CARRIER GLOBAL CORPORATION COM 14448C104   11,379,632 180,400 SH   DFND 1 180,400 0 0
CATERPILLAR INC COM 149123101   3,331,333 10,001 SH   SOLE 1 10,001 0 0
CATERPILLAR INC COM 149123101   100,429,317 301,499 SH   DFND 1 301,499 0 0
CELANESE CORP DEL COM 150870103   809,340 6,000 SH   SOLE 1 6,000 0 0
CELANESE CORP DEL COM 150870103   9,685,102 71,800 SH   DFND 1 71,800 0 0
CHOICE HOTELS INTL INC COM 169905106   13,149,500 110,500 SH   DFND 1 110,500 0 0
CISCO SYS INC COM 17275R102   7,031,480 148,000 SH   SOLE 1 148,000 0 0
CISCO SYS INC COM 17275R102   9,216,940 194,000 SH   DFND 1 194,000 0 0
COMCAST CORP NEW CL A 20030N101   5,212,196 133,100 SH   SOLE 1 133,100 0 0
COMCAST CORP NEW CL A 20030N101   37,129,201 948,141 SH   DFND 1 948,141 0 0
COMFORT SYS USA INC COM 199908104   3,953,560 13,000 SH   DFND 1 13,000 0 0
COSTAR GROUP INC COM 22160N109   1,379,004 18,600 SH   DFND 1 18,600 0 0
COSTCO WHSL CORP NEW COM 22160K105   33,277,109 39,150 SH   DFND 1 39,150 0 0
CRACKER BARREL OLD CTRY STOR COM 22410J106   252,960 6,000 SH   SOLE 1 6,000 0 0
CRACKER BARREL OLD CTRY STOR COM 22410J106   4,426,800 105,000 SH   DFND 1 105,000 0 0
CROWN HLDGS INC COM 228368106   223,170 3,000 SH   SOLE 1 3,000 0 0
CROWN HLDGS INC COM 228368106   13,873,735 186,500 SH   DFND 1 186,500 0 0
CVS HEALTH CORP COM 126650100   118,120 2,000 SH   SOLE 1 2,000 0 0
CVS HEALTH CORP COM 126650100   2,657,700 45,000 SH   DFND 1 45,000 0 0
DEERE & CO COM 244199105   315,848,121 845,350 SH   DFND 1 845,350 0 0
DIAGEO PLC SPON ADR NEW 25243Q205   73,796,389 585,314 SH   SOLE 1 585,314 0 0
DIAGEO PLC SPON ADR NEW 25243Q205   98,518,155 781,394 SH   DFND 1 781,394 0 0
DISNEY WALT CO COM 254687106   45,101,192 454,237 SH   SOLE 1 454,237 0 0
DISNEY WALT CO COM 254687106   156,622,827 1,577,428 SH   DFND 1 1,577,428 0 0
DOLLAR GEN CORP NEW COM 256677105   462,805 3,500 SH   SOLE 1 3,500 0 0
DOLLAR GEN CORP NEW COM 256677105   91,734,562 693,750 SH   DFND 1 693,750 0 0
DUN & BRADSTREET HLDGS INC COM 26484T106   1,064,900 115,000 SH   DFND 1 115,000 0 0
EASTMAN CHEM CO COM 277432100   391,880 4,000 SH   SOLE 1 4,000 0 0
EASTMAN CHEM CO COM 277432100   6,950,972 70,950 SH   DFND 1 70,950 0 0
ECOLAB INC COM 278865100   5,474,000 23,000 SH   SOLE 1 23,000 0 0
ECOLAB INC COM 278865100   59,809,400 251,300 SH   DFND 1 251,300 0 0
ELECTRONIC ARTS INC COM 285512109   6,938,634 49,800 SH   DFND 1 49,800 0 0
EQUIFAX INC COM 294429105   23,724,711 97,850 SH   DFND 1 97,850 0 0
FACTSET RESH SYS INC COM 303075105   9,390,210 23,000 SH   SOLE 1 23,000 0 0
FACTSET RESH SYS INC COM 303075105   38,263,065 93,720 SH   DFND 1 93,720 0 0
FEDEX CORP COM 31428X106   1,199,360 4,000 SH   SOLE 1 4,000 0 0
FEDEX CORP COM 31428X106   53,071,680 177,000 SH   DFND 1 177,000 0 0
FERGUSON PLC NEW SHS G3421J106   13,652,325 70,500 SH   DFND 1 70,500 0 0
FRANCO NEV CORP COM 351858105   29,037,400 245,000 SH   DFND 1 245,000 0 0
GARTNER INC COM 366651107   2,559,642 5,700 SH   DFND 1 5,700 0 0
GENERAL DYNAMICS CORP COM 369550108   12,766,160 44,000 SH   SOLE 1 44,000 0 0
GENERAL DYNAMICS CORP COM 369550108   100,678,580 347,000 SH   DFND 1 347,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104   10,697,368 23,650 SH   SOLE 1 23,650 0 0
GOLDMAN SACHS GROUP INC COM 38141G104   151,848,346 335,710 SH   DFND 1 335,710 0 0
GRAHAM HLDGS CO COM CL B 384637104   3,637,660 5,200 SH   DFND 1 5,200 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101   8,773,142 334,725 SH   DFND 1 334,725 0 0
HAGERTY INC CL A COM 405166109   31,200,000 3,000,000 SH   SOLE --- 3,000,000 0 0
HAGERTY INC W EXP 12/02/2027 405166117   1,107,000 540,000 SH   SOLE --- 540,000 0 0
HANOVER INS GROUP INC COM 410867105   752,640 6,000 SH   SOLE 1 6,000 0 0
HANOVER INS GROUP INC COM 410867105   29,352,960 234,000 SH   DFND 1 234,000 0 0
HCA HEALTHCARE INC COM 40412C101   11,278,534 35,105 SH   DFND 1 35,105 0 0
HEICO CORP NEW CL A 422806208   2,166,099 12,202 SH   SOLE 1 12,202 0 0
HEICO CORP NEW CL A 422806208   65,228,303 367,442 SH   DFND 1 367,442 0 0
HERSHEY CO COM 427866108   3,952,345 21,500 SH   DFND 1 21,500 0 0
HEXCEL CORP NEW COM 428291108   2,373,100 38,000 SH   SOLE 1 38,000 0 0
HEXCEL CORP NEW COM 428291108   9,429,950 151,000 SH   DFND 1 151,000 0 0
HOME DEPOT INC COM 437076102   95,322,121 276,906 SH   SOLE 1 276,906 0 0
HOME DEPOT INC COM 437076102   221,378,678 643,094 SH   DFND 1 643,094 0 0
ILLINOIS TOOL WKS INC COM 452308109   3,993,013 16,851 SH   SOLE 1 16,851 0 0
ILLINOIS TOOL WKS INC COM 452308109   73,611,387 310,649 SH   DFND 1 310,649 0 0
INSPERITY INC COM 45778Q107   4,825,557 52,906 SH   DFND 1 52,906 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104   700,877 5,120 SH   DFND 1 5,120 0 0
INTUIT COM 461202103   1,787,611 2,720 SH   DFND 1 2,720 0 0
INVESTORS TITLE CO NC COM 461804106   38,421,729 213,300 SH   DFND 1 213,300 0 0
IQVIA HLDGS INC COM 46266C105   12,417,025 58,726 SH   DFND 1 58,726 0 0
JOHNSON & JOHNSON COM 478160104   3,904,664 26,715 SH   SOLE 1 26,715 0 0
JOHNSON & JOHNSON COM 478160104   85,369,863 584,085 SH   DFND 1 584,085 0 0
JPMORGAN CHASE & CO COM 46625H100   51,080,763 252,550 SH   DFND 1 252,550 0 0
KKR & CO INC COM 48251W104   1,894,320 18,000 SH   SOLE 1 18,000 0 0
KKR & CO INC COM 48251W104   150,893,112 1,433,800 SH   DFND 1 1,433,800 0 0
LAMAR ADVERTISING CO NEW CL A 512816109   11,235,820 94,000 SH   DFND 1 94,000 0 0
LINDE PLC SHS G54950103   3,247,194 7,400 SH   SOLE 1 7,400 0 0
LINDE PLC SHS G54950103   59,722,041 136,100 SH   DFND 1 136,100 0 0
LOCKHEED MARTIN CORP COM 539830109   26,327,157 56,363 SH   DFND 1 56,363 0 0
LOWES COS INC COM 548661107   13,612,964 61,748 SH   SOLE 1 61,748 0 0
LOWES COS INC COM 548661107   135,413,587 614,232 SH   DFND 1 614,232 0 0
LPL FINL HLDGS INC COM 50212V100   639,318 2,289 SH   SOLE 1 2,289 0 0
LPL FINL HLDGS INC COM 50212V100   133,924,909 479,502 SH   DFND 1 479,502 0 0
MARRIOTT INTL INC NEW CL A 571903202   5,318,940 22,000 SH   DFND 1 22,000 0 0
MARSH & MCLENNAN COS INC COM 571748102   4,319,760 20,500 SH   SOLE 1 20,500 0 0
MARSH & MCLENNAN COS INC COM 571748102   144,553,920 686,000 SH   DFND 1 686,000 0 0
MASTERCARD INCORPORATED CL A 57636Q104   8,816,141 19,984 SH   SOLE 1 19,984 0 0
MASTERCARD INCORPORATED CL A 57636Q104   82,742,204 187,556 SH   DFND 1 187,556 0 0
META PLATFORMS INC CL A 30303M102   10,896,194 21,610 SH   SOLE 1 21,610 0 0
META PLATFORMS INC CL A 30303M102   125,737,845 249,371 SH   DFND 1 249,371 0 0
MICROSOFT CORP COM 594918104   10,556,512 23,619 SH   SOLE 1 23,619 0 0
MICROSOFT CORP COM 594918104   216,261,675 483,861 SH   DFND 1 483,861 0 0
MOODYS CORP COM 615369105   8,879,939 21,096 SH   SOLE 1 21,096 0 0
MOODYS CORP COM 615369105   81,152,780 192,794 SH   DFND 1 192,794 0 0
MSCI INC COM 55354G100   481,750 1,000 SH   SOLE 1 1,000 0 0
MSCI INC COM 55354G100   68,336,238 141,850 SH   DFND 1 141,850 0 0
NIKE INC CL B 654106103   3,467,020 46,000 SH   SOLE 1 46,000 0 0
NIKE INC CL B 654106103   25,844,373 342,900 SH   DFND 1 342,900 0 0
NORFOLK SOUTHN CORP COM 655844108   6,226,010 29,000 SH   SOLE 1 29,000 0 0
NORFOLK SOUTHN CORP COM 655844108   43,045,345 200,500 SH   DFND 1 200,500 0 0
NOVO-NORDISK A S ADR 670100205   170,123,242 1,191,840 SH   SOLE 1 1,191,840 0 0
NOVO-NORDISK A S ADR 670100205   136,767,758 958,160 SH   DFND 1 958,160 0 0
NVR INC COM 62944T105   1,327,998 175 SH   SOLE 1 175 0 0
NVR INC COM 62944T105   86,160,510 11,354 SH   DFND 1 11,354 0 0
O-I GLASS INC COM 67098H104   1,113 100 SH   SOLE 1 100 0 0
O-I GLASS INC COM 67098H104   7,501,620 674,000 SH   DFND 1 674,000 0 0
OLD DOMINION FREIGHT LINE IN COM 679580100   1,059,600 6,000 SH   SOLE 1 6,000 0 0
OLD DOMINION FREIGHT LINE IN COM 679580100   48,300,100 273,500 SH   DFND 1 273,500 0 0
OTIS WORLDWIDE CORP COM 68902V107   2,627,898 27,300 SH   SOLE 1 27,300 0 0
OTIS WORLDWIDE CORP COM 68902V107   8,405,424 87,320 SH   DFND 1 87,320 0 0
PAYCHEX INC COM 704326107   8,299,200 70,000 SH   SOLE 1 70,000 0 0
PAYCHEX INC COM 704326107   9,484,800 80,000 SH   DFND 1 80,000 0 0
PEPSICO INC COM 713448108   15,867,916 96,210 SH   DFND 1 96,210 0 0
PHILIP MORRIS INTL INC COM 718172109   11,602,285 114,500 SH   DFND 1 114,500 0 0
PRICE T ROWE GROUP INC COM 74144T108   3,689,920 32,000 SH   SOLE 1 32,000 0 0
PRICE T ROWE GROUP INC COM 74144T108   32,517,420 282,000 SH   DFND 1 282,000 0 0
PROGRESSIVE CORP COM 743315103   12,462,600 60,000 SH   SOLE 1 60,000 0 0
PROGRESSIVE CORP COM 743315103   144,098,813 693,750 SH   DFND 1 693,750 0 0
RENAISSANCERE HLDGS LTD COM G7496G103   670,530 3,000 SH   SOLE 1 3,000 0 0
RENAISSANCERE HLDGS LTD COM G7496G103   14,975,170 67,000 SH   DFND 1 67,000 0 0
RLI CORP COM 749607107   13,573,068 96,475 SH   SOLE 1 96,475 0 0
RLI CORP COM 749607107   154,871,130 1,100,797 SH   DFND 1 1,100,797 0 0
ROCKWELL AUTOMATION INC COM 773903109   2,174,712 7,900 SH   SOLE 1 7,900 0 0
ROCKWELL AUTOMATION INC COM 773903109   40,466,160 147,000 SH   DFND 1 147,000 0 0
ROLLINS INC COM 775711104   3,048,155 62,475 SH   SOLE 1 62,475 0 0
ROLLINS INC COM 775711104   67,174,074 1,376,800 SH   DFND 1 1,376,800 0 0
RTX CORPORATION COM 75513E101   5,481,294 54,600 SH   SOLE 1 54,600 0 0
RTX CORPORATION COM 75513E101   17,006,066 169,400 SH   DFND 1 169,400 0 0
S&P GLOBAL INC COM 78409V104   446,000 1,000 SH   SOLE 1 1,000 0 0
S&P GLOBAL INC COM 78409V104   66,761,740 149,690 SH   DFND 1 149,690 0 0
SCHWAB CHARLES CORP COM 808513105   9,506,010 129,000 SH   SOLE 1 129,000 0 0
SCHWAB CHARLES CORP COM 808513105   91,210,977 1,237,766 SH   DFND 1 1,237,766 0 0
SCOTTS MIRACLE-GRO CO CL A 810186106   585,540 9,000 SH   SOLE 1 9,000 0 0
SCOTTS MIRACLE-GRO CO CL A 810186106   10,344,540 159,000 SH   DFND 1 159,000 0 0
SEI INVTS CO COM 784117103   3,816,710 59,000 SH   SOLE 1 59,000 0 0
SEI INVTS CO COM 784117103   7,387,598 114,200 SH   DFND 1 114,200 0 0
SHERWIN WILLIAMS CO COM 824348106   28,103,749 94,172 SH   DFND 1 94,172 0 0
SHOPIFY INC CL A 82509L107   6,786,638 102,750 SH   DFND 1 102,750 0 0
SOLVENTUM CORP COM SHS 83444M101   1,070,820 20,250 SH   SOLE 1 20,250 0 0
SOLVENTUM CORP COM SHS 83444M101   2,812,529 53,187 SH   DFND 1 53,187 0 0
SONY GROUP CORP SPONSORED ADR 835699307   5,691,650 67,000 SH   DFND 1 67,000 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102   8,127,161 25,900 SH   DFND 1 25,900 0 0
STARBUCKS CORP COM 855244109   3,152,925 40,500 SH   SOLE 1 40,500 0 0
STARBUCKS CORP COM 855244109   41,090,631 527,818 SH   DFND 1 527,818 0 0
TARGET CORP COM 87612E106   1,110,300 7,500 SH   SOLE 1 7,500 0 0
TARGET CORP COM 87612E106   18,579,020 125,500 SH   DFND 1 125,500 0 0
TEXAS INSTRS INC COM 882508104   195 1 SH   SOLE 1 1 0 0
TEXAS INSTRS INC COM 882508104   140,839,526 723,999 SH   DFND 1 723,999 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102   16,258,200 29,400 SH   DFND 1 29,400 0 0
TRANSUNION COM 89400J107   222,480 3,000 SH   SOLE 1 3,000 0 0
TRANSUNION COM 89400J107   7,271,388 98,050 SH   DFND 1 98,050 0 0
TYSON FOODS INC CL A 902494103   571,400 10,000 SH   SOLE 1 10,000 0 0
TYSON FOODS INC CL A 902494103   44,312,070 775,500 SH   DFND 1 775,500 0 0
UBER TECHNOLOGIES INC COM 90353T100   5,160,280 71,000 SH   DFND 1 71,000 0 0
UL SOLUTIONS INC CLASS A COM SHS 903731107   1,518,840 36,000 SH   DFND 1 36,000 0 0
UNION PAC CORP COM 907818108   2,511,486 11,100 SH   SOLE 1 11,100 0 0
UNION PAC CORP COM 907818108   16,896,644 74,678 SH   DFND 1 74,678 0 0
UNITED RENTALS INC COM 911363109   14,228,060 22,000 SH   DFND 1 22,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102   10,599,738 20,814 SH   DFND 1 20,814 0 0
VERISK ANALYTICS INC COM 92345Y106   673,875 2,500 SH   SOLE 1 2,500 0 0
VERISK ANALYTICS INC COM 92345Y106   35,364,960 131,200 SH   DFND 1 131,200 0 0
VISA INC COM CL A 92826C839   19,987,091 76,150 SH   SOLE 1 76,150 0 0
VISA INC COM CL A 92826C839   242,295,243 923,135 SH   DFND 1 923,135 0 0
WATSCO INC COM 942622200   19,270,784 41,600 SH   SOLE 1 41,600 0 0
WATSCO INC COM 942622200   245,355,066 529,650 SH   DFND 1 529,650 0 0
WELLS FARGO CO NEW COM 949746101   1,900,480 32,000 SH   SOLE 1 32,000 0 0
WELLS FARGO CO NEW COM 949746101   10,241,806 172,450 SH   DFND 1 172,450 0 0
WHIRLPOOL CORP COM 963320106   534,506 5,230 SH   SOLE 1 5,230 0 0
WHIRLPOOL CORP COM 963320106   28,290,902 276,819 SH   DFND 1 276,819 0 0
WILLIS TOWERS WATSON PLC LTD SHS G96629103   2,261,481 8,627 SH   DFND 1 8,627 0 0
YUM BRANDS INC COM 988498101   11,458,055 86,502 SH   DFND 1 86,502 0 0