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
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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   131,600 10,000 SH   SOLE   10,000 0 0
Alphabet Inc Cap Stock Cl A COM 02079K305   5,267,005 21,666 SH   SOLE   20,240 0 1,426
Amazon.Com Inc COM 023135106   17,014,699 77,491 SH   SOLE   69,954 0 7,537
American Electric Power Co Inc COM 025537101   238,050 2,116 SH   SOLE   0 0 2,116
American Tower Corp COM 03027X100   17,342,264 90,174 SH   SOLE   80,403 0 9,771
Amrize Ltd COM H2927K103   1,904,269 39,239 SH   SOLE   34,575 0 4,664
Apple Inc COM 037833100   9,347,722 36,711 SH   SOLE   32,504 0 4,207
Berkshire Hathaway Inc Cl B Ne COM 084670702   12,256,298 24,379 SH   SOLE   19,593 0 4,786
Broadcom Inc COM 11135F101   230,937 700 SH   SOLE   0 0 700
Builders Firstsource Inc COM 12008R107   4,305,224 35,507 SH   SOLE   32,252 0 3,255
CCC Intelligent Solutions Hld COM 12510Q100   3,682,708 404,249 SH   SOLE   358,160 0 46,089
Chevron Corp COM 166764100   418,507 2,695 SH   SOLE   0 0 2,695
Copart Inc COM 217204106   11,515,333 256,067 SH   SOLE   234,226 0 21,841
DigitalBridge Group Inc Cl A N COM 25401T603   4,466,838 381,781 SH   SOLE   332,224 0 49,557
Ge Aerospace COM 369604301   263,217 875 SH   SOLE   0 0 875
Isoenergy Ltd New COM 46500E867   100,000 10,000 SH   SOLE   10,000 0 0
JPMorgan Chase & Co COM 46625H100   764,602 2,424 SH   SOLE   0 0 2,424
Lockheed Martin Corp COM 539830109   8,612,870 17,253 SH   SOLE   15,189 0 2,064
Lululemon Athletica Inc COM 550021109   269,030 1,512 SH   SOLE   1,512 0 0
Markel Group Inc COM 570535104   17,196,506 8,997 SH   SOLE   7,935 0 1,062
Mastercard Incorporated Cl A COM 57636Q104   10,342,672 18,183 SH   SOLE   16,836 0 1,347
Microsoft Corp COM 594918104   17,634,644 34,047 SH   SOLE   28,073 0 5,974
Millrose Properties Inc Cl A COM 601137102   431,922 12,851 SH   SOLE   12,851 0 0
MPLX LP Unit Rep Ltd COM 55336V100   268,781 5,381 SH   SOLE   1,784 0 3,597
O'Reilly Automotive Inc COM 67103H107   17,452,822 161,885 SH   SOLE   145,865 0 16,020
Procter And Gamble Co COM 742718109   264,432 1,721 SH   SOLE   0 0 1,721
SBA Communications Corp Cl A COM 78410G104   975,837 5,047 SH   SOLE   5,047 0 0
Universal Display Corp COM 91347P105   1,687,365 11,748 SH   SOLE   8,588 0 3,160
Visa Inc Cl A COM 92826C839   5,031,258 14,738 SH   SOLE   14,228 0 510