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
ALPHABET INC CAP STK CL A 02079K305   1,219,484 9,319 SH   SOLE   8,719 0 600
ALPHABET INC CAP STK CL C 02079K107   24,001,447 182,036 SH   SOLE   137,987 0 44,049
AMERICAN TOWER CORP NEW COM 03027X100   54,932,385 334,037 SH   SOLE   315,737 0 18,300
AMERICAN WOODMARK CORPORATIO COM 030506109   38,996,614 515,760 SH   SOLE   497,685 0 18,075
AON PLC SHS CL A G0403H108   70,423,178 217,208 SH   SOLE   202,570 0 14,638
APPLIED MATLS INC COM 038222105   37,245,819 269,020 SH   SOLE   245,446 0 23,574
AST SPACEMOBILE INC COM CL A 00217D100   8,614,782 2,267,048 SH   SOLE   2,207,295 0 59,753
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105   16,418,483 492,456 SH   SOLE   465,727 0 26,729
BROOKFIELD CORP CL A LTD VT SH 11271J107   59,983,021 1,918,229 SH   SOLE   1,811,484 0 106,745
BROOKFIELD REINS LTD CL A EXCH LT VTG G16250105   544,620 17,306 SH   SOLE   17,306 0 0
CARMAX INC COM 143130102   57,324,755 810,473 SH   SOLE   769,489 0 40,984
CDW CORP COM 12514G108   39,623,243 196,388 SH   SOLE   186,299 0 10,089
COGENT COMMUNICATIONS HLDGS COM NEW 19239V302   41,456,349 669,731 SH   SOLE   622,004 0 47,727
DANAHER CORPORATION COM 235851102   5,161,721 20,805 SH   SOLE   20,805 0 0
DISNEY WALT CO COM 254687106   7,280,843 89,832 SH   SOLE   68,840 0 20,992
ENCORE CAP GROUP INC COM 292554102   58,876,379 1,232,755 SH   SOLE   1,184,952 0 47,803
HILTON WORLDWIDE HLDGS INC COM 43300A203   5,943,974 39,579 SH   SOLE   39,579 0 0
MARKEL CORP COM 570535104   68,077,630 46,233 SH   SOLE   43,380 0 2,853
NVR INC COM 62944T105   20,901,367 3,505 SH   SOLE   3,207 0 298
OREILLY AUTOMOTIVE INC COM 67103H107   58,846,867 64,748 SH   SOLE   61,086 0 3,662
RH COM 74967X103   29,097,312 110,067 SH   SOLE   104,692 0 5,375
SHENANDOAH TELECOMMUNICATION COM 82312B106   20,888,111 1,013,494 SH   SOLE   962,699 0 50,795
SS&C TECHNOLOGIES HLDGS INC COM 78467J100   18,230,487 346,983 SH   SOLE   346,476 0 507
TRANSDIGM GROUP INC COM 893641100   7,481,092 8,873 SH   SOLE   8,873 0 0
WARNER MUSIC GROUP CORP COM CL A 934550203   5,199,871 165,601 SH   SOLE   165,601 0 0