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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
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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
BAIDU INC SPON ADR REP A 056752108   1,375,291 15,903 SH   SOLE   12,013 0 3,890
BRUNSWICK CORP COM 117043109   2,010,999 27,635 SH   SOLE   20,926 0 6,709
CARLISLE COS INC COM 142339100   2,657,772 6,559 SH   SOLE   4,113 0 2,446
CARMAX INC COM 143130102   1,774,021 24,189 SH   SOLE   13,937 0 10,252
CHEVRON CORP NEW COM 166764100   4,782,854 30,577 SH   SOLE   24,000 0 6,577
CORPAY INC COM SHS 219948106   3,317,870 12,454 SH   SOLE   8,100 0 4,354
DISNEY WALT CO COM 254687106   2,600,207 26,188 SH   SOLE   20,500 0 5,688
DOLLAR GEN CORP NEW COM 256677105   4,134,700 31,269 SH   SOLE   23,637 0 7,632
EMERSON ELEC CO COM 291011104   2,490,386 22,607 SH   SOLE   16,457 0 6,150
ENVISTA HOLDINGS CORPORATION COM 29415F104   1,525,869 91,754 SH   SOLE   63,327 0 28,427
FRANCO NEV CORP COM 351858105   6,389,878 53,905 SH   SOLE   31,892 0 22,013
GRAINGER W W INC COM 384802104   3,045,061 3,375 SH   SOLE   2,092 0 1,283
HENRY SCHEIN INC COM 806407102   5,365,812 83,710 SH   SOLE   58,155 0 25,555
ICL GROUP LTD SHS M53213100   5,024,538 1,163,054 SH   SOLE   661,125 0 501,929
ISHARES INC MSCI WORLD ETF 464286392   4,862,598 32,969 SH   SOLE   32,969 0 0
ISHARES TR MSCI CHINA ETF 46429B671   7,443,005 176,500 SH   SOLE   176,500 0 0
MCDONALDS CORP COM 580135101   2,444,935 9,594 SH   SOLE   6,694 0 2,900
META PLATFORMS INC CL A 30303M102   1,442,574 2,861 SH   SOLE   2,250 0 611
MOHAWK INDS INC COM 608190104   635,195 5,592 SH   SOLE   0 0 5,592
OREILLY AUTOMOTIVE INC COM 67103H107   5,529,530 5,236 SH   SOLE   3,302 0 1,934
PERRIGO CO PLC SHS G97822103   3,034,554 118,168 SH   SOLE   90,023 0 28,145
ROSS STORES INC COM 778296103   3,072,792 21,145 SH   SOLE   16,108 0 5,037
RYANAIR HOLDINGS PLC SPONSORED ADS 783513203   11,066,733 206,518 SH   SOLE   162,064 0 44,454
SCOTTS MIRACLE-GRO CO CL A 810186106   1,381,419 21,233 SH   SOLE   11,495 0 9,738
SONOCO PRODS CO COM 835495102   1,911,891 37,695 SH   SOLE   22,312 0 15,383
SOUTHERN COPPER CORP COM 84265V105   2,942,379 27,310 SH   SOLE   20,713 0 6,597
SPDR GOLD TR GOLD SHS 78463V107   11,668,377 54,269 SH   SOLE   54,269 0 0
TC ENERGY CORP COM 87807B107   12,036,516 317,550 SH   SOLE   153,203 0 164,347
WALMART INC COM 931142103   4,055,016 59,888 SH   SOLE   43,500 0 16,388