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   1,290,456 9,238 SH   SOLE   8,719 0 519
ALPHABET INC CAP STK CL C 02079K107   20,302,517 144,061 SH   SOLE   118,288 0 25,773
AMERICAN TOWER CORP NEW COM 03027X100   60,906,009 282,129 SH   SOLE   270,719 0 11,410
AMERICAN WOODMARK CORPORATIO COM 030506109   31,745,601 341,902 SH   SOLE   341,902 0 0
AON PLC SHS CL A G0403H108   55,043,232 189,139 SH   SOLE   180,023 0 9,116
APPLIED MATLS INC COM 038222105   40,855,578 252,086 SH   SOLE   237,465 0 14,621
AST SPACEMOBILE INC COM CL A 00217D100   23,896,004 3,962,853 SH   SOLE   3,806,353 0 156,500
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105   18,131,854 451,378 SH   SOLE   434,675 0 16,703
BROOKFIELD CORP CL A LTD VT SH 11271J107   64,500,884 1,607,699 SH   SOLE   1,538,387 0 69,312
BROOKFIELD REINS LTD CL A EXCH LT VTG G16250105   698,643 17,306 SH   SOLE   17,306 0 0
CARMAX INC COM 143130102   55,120,347 718,274 SH   SOLE   692,706 0 25,568
CDW CORP COM 12514G108   39,723,715 174,748 SH   SOLE   168,474 0 6,274
COGENT COMMUNICATIONS HLDGS COM NEW 19239V302   48,592,985 638,877 SH   SOLE   607,733 0 31,144
DANAHER CORPORATION COM 235851102   9,053,491 39,135 SH   SOLE   39,135 0 0
DISNEY WALT CO COM 254687106   6,683,040 74,018 SH   SOLE   61,602 0 12,416
ENCORE CAP GROUP INC COM 292554102   57,193,525 1,126,966 SH   SOLE   1,097,203 0 29,763
HILTON WORLDWIDE HLDGS INC COM 43300A203   7,206,940 39,579 SH   SOLE   39,579 0 0
ISHARES TR CORE S&P TTL STK 464287150   351,679 3,342 SH   SOLE   2,210 0 1,132
MARKEL CORP COM 570535104   60,767,460 42,797 SH   SOLE   41,022 0 1,775
NVR INC COM 62944T105   21,183,362 3,026 SH   SOLE   2,838 0 188
OREILLY AUTOMOTIVE INC COM 67103H107   53,849,584 56,679 SH   SOLE   54,410 0 2,269
RH COM 74967X103   28,830,578 98,911 SH   SOLE   95,649 0 3,262
SHENANDOAH TELECOMMUNICATION COM 82312B106   21,130,696 977,368 SH   SOLE   945,684 0 31,684
SS&C TECHNOLOGIES HLDGS INC COM 78467J100   6,397,545 104,689 SH   SOLE   104,689 0 0
TRANSDIGM GROUP INC COM 893641100   8,975,927 8,873 SH   SOLE   8,873 0 0
WARNER MUSIC GROUP CORP COM CL A 934550203   5,926,860 165,601 SH   SOLE   165,601 0 0