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
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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
Aes Corp COM 00130H105   105,200 10,000 SH   SOLE   10,000 0 0
Alphabet Inc Cap Stock Cl A COM 02079K305   4,352,705 24,699 SH   SOLE   23,310 0 1,389
Amazon.Com Inc COM 023135106   17,892,790 81,557 SH   SOLE   74,362 0 7,195
American Electric Power Co Inc COM 025537101   219,556 2,116 SH   SOLE   0 0 2,116
American Tower Corp COM 03027X100   20,273,281 91,726 SH   SOLE   82,264 0 9,462
Amrize Ltd COM H2927K103   1,995,676 40,276 SH   SOLE   35,719 0 4,557
Apple Inc COM 037833100   7,884,888 38,431 SH   SOLE   34,359 0 4,072
Berkshire Hathaway Inc Cl B Ne COM 084670702   12,575,614 25,888 SH   SOLE   21,188 0 4,700
Builders Firstsource Inc COM 12008R107   4,280,889 36,686 SH   SOLE   33,536 0 3,150
CCC Intelligent Solutions Hld COM 12510Q100   6,410,553 681,249 SH   SOLE   592,199 0 89,050
Chevron Corp COM 166764100   385,897 2,695 SH   SOLE   0 0 2,695
Copart Inc COM 217204106   12,160,478 247,819 SH   SOLE   227,766 0 20,053
DigitalBridge Group Inc Cl A N COM 25401T603   4,454,619 430,398 SH   SOLE   382,848 0 47,550
Ge Aerospace COM 369604301   225,216 875 SH   SOLE   0 0 875
JPMorgan Chase & Co COM 46625H100   702,742 2,424 SH   SOLE   0 0 2,424
Lockheed Martin Corp COM 539830109   8,435,169 18,213 SH   SOLE   16,212 0 2,001
Lululemon Athletica Inc COM 550021109   501,769 2,112 SH   SOLE   2,112 0 0
Markel Group Inc COM 570535104   19,082,777 9,554 SH   SOLE   8,524 0 1,030
Mastercard Incorporated Cl A COM 57636Q104   10,689,223 19,022 SH   SOLE   17,815 0 1,207
Microsoft Corp COM 594918104   17,562,055 35,307 SH   SOLE   29,464 0 5,843
Millrose Properties Inc Cl A COM 601137102   366,382 12,851 SH   SOLE   12,851 0 0
MPLX LP Unit Rep Ltd COM 55336V100   277,175 5,381 SH   SOLE   1,784 0 3,597
O'Reilly Automotive Inc COM 67103H107   15,633,950 173,460 SH   SOLE   157,440 0 16,020
Procter And Gamble Co COM 742718109   274,190 1,721 SH   SOLE   0 0 1,721
SBA Communications Corp Cl A COM 78410G104   1,439,804 6,131 SH   SOLE   6,131 0 0
Universal Display Corp COM 91347P105   1,925,807 12,468 SH   SOLE   9,308 0 3,160
Visa Inc Cl A COM 92826C839   5,570,734 15,690 SH   SOLE   15,180 0 510