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
ACCENTURE PLC IRELAND SHS CLASS A G1151C101   37,588,762 106,850 SH   SOLE   106,850 0 0
ACI WORLDWIDE INC COM 004498101   18,511,106 356,600 SH   SOLE   356,600 0 0
ADOBE SYSTEMS INC COM 00724F101   17,787,200 40,000 SH   SOLE   40,000 0 0
ALPHABET INC CAP STK CL C 02079K107   98,781,228 518,700 SH   SOLE   518,700 0 0
AMAZON COM INC COM 023135106   54,299,025 247,500 SH   SOLE   247,500 0 0
ANALOG DEVICES INC COM 032654105   29,956,860 141,000 SH   SOLE   141,000 0 0
AON PLC SHS CL A G0403H108   93,722,802 260,950 SH   SOLE   260,950 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   146,500,096 323,200 SH   SOLE   323,200 0 0
BIO-TECHNE CORP COM 09073M104   27,461,438 381,250 SH   SOLE   381,250 0 0
CARMAX INC COM 143130102   67,468,352 825,200 SH   SOLE   825,200 0 0
CHARTER COMMUNICATIONS INC CL A 16119P108   46,428,197 135,450 SH   SOLE   135,450 0 0
COMCAST CORP NEW CL A 20030N101   3,565,350 95,000 SH   SOLE   95,000 0 0
CORECARD CORPORATION COM 45816D100   11,690,500 515,000 SH   SOLE   515,000 0 0
COSTAR GROUP INC COM 22160N109   63,706,151 889,875 SH   SOLE   889,875 0 0
DANAHER CORPORATION COM 235851102   92,556,856 403,210 SH   SOLE   403,210 0 0
DIAGEO PLC SPON ADR NEW 25243Q205   3,597,779 28,300 SH   SOLE   28,300 0 0
EQUIFAX INC COM 294429105   48,039,225 188,500 SH   SOLE   188,500 0 0
FIDELITY NATL INFORMATION SV COM 31620M106   22,009,825 272,500 SH   SOLE   272,500 0 0
FORTIVE CORP COM 34959J108   3,060,000 40,800 SH   SOLE   40,800 0 0
GARTNER INC COM 366651107   31,211,980 64,425 SH   SOLE   64,425 0 0
GLOBAL PMTS INC COM 37940X102   66,070,576 589,600 SH   SOLE   589,600 0 0
HEICO CORP NEW CL A 422806208   30,312,432 162,900 SH   SOLE   162,900 0 0
HONEYWELL INTL INC COM 438516106   2,552,557 11,300 SH   SOLE   11,300 0 0
IDEX CORP COM 45167R104   69,170,345 330,500 SH   SOLE   330,500 0 0
LABCORP HOLDINGS INC COM SHS 504922105   54,159,651 236,175 SH   SOLE   236,175 0 0
LIBERTY BROADBAND CORP COM SER A 530307107   10,410,400 140,000 SH   SOLE   140,000 0 0
LIBERTY BROADBAND CORP COM SER C 530307305   39,660,180 530,500 SH   SOLE   530,500 0 0
LIBERTY GLOBAL LTD COM CL C G61188127   10,419,140 792,933 SH   SOLE   792,933 0 0
LINDE PLC SHS G54950103   2,888,823 6,900 SH   SOLE   6,900 0 0
LKQ CORP COM 501889208   16,842,525 458,300 SH   SOLE   458,300 0 0
MARTIN MARIETTA MATLS INC COM 573284106   21,008,638 40,675 SH   SOLE   40,675 0 0
MASTERCARD INCORPORATED CL A 57636Q104   98,505,450 187,070 SH   SOLE   187,070 0 0
META PLATFORMS INC CL A 30303M102   92,861,886 158,600 SH   SOLE   158,600 0 0
MICROSOFT CORP COM 594918104   19,325,775 45,850 SH   SOLE   45,850 0 0
OLD DOMINION FREIGHT LINE IN COM 679580100   33,498,360 189,900 SH   SOLE   189,900 0 0
ORACLE CORP COM 68389X105   34,590,298 207,575 SH   SOLE   207,575 0 0
PERIMETER SOLUTIONS INC COM 71385M107   26,931,179 2,107,291 SH   SOLE   2,107,291 0 0
ROPER TECHNOLOGIES INC COM 776696106   16,336,286 31,425 SH   SOLE   31,425 0 0
RWT HLDGS INC NOTE 5.750%10/0 749772AD1   3,482,500 3,500,000 SH   SOLE   3,500,000 0 0
S&P GLOBAL INC COM 78409V104   23,477,134 47,140 SH   SOLE   47,140 0 0
SALESFORCE COM INC COM 79466L302   31,761,350 95,000 SH   SOLE   95,000 0 0
SIRIUSXM HOLDINGS INC COMMON STOCK 829933100   33,413,400 1,465,500 SH   SOLE   1,465,500 0 0
TEXAS INSTRS INC COM 882508104   31,797,008 169,575 SH   SOLE   169,575 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102   62,531,646 120,200 SH   SOLE   120,200 0 0
VERALTO CORP COM SHS 92338C103   30,422,493 298,699 SH   SOLE   298,699 0 0
VISA INC COM CL A 92826C839   109,571,068 346,700 SH   SOLE   346,700 0 0
VULCAN MATLS CO COM 929160109   49,233,822 191,400 SH   SOLE   191,400 0 0