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
Expires: July 31, 2015
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADT INC DEL COM com 00090Q103 277,000 32,649 SH SOLE 0 0 32,649
ALPHABET INC CLASS A com 02079K305 34,653,000 196,636 SH SOLE 57,760 0 138,876
ALPHABET INC CLASS C com 02079K107 32,908,000 185,511 SH SOLE 83,718 0 101,793
ALTRIA GROUP INC COM com 02209S103 1,093,000 18,642 SH SOLE 16,624 0 2,018
AMAZON.COM INC com 023135106 52,301,000 238,391 SH SOLE 85,760 0 152,631
APPLE INC com 037833100 6,083,000 29,647 SH SOLE 9,646 0 20,000
BERKSHIRE HATHAWAY B NEW CLASS com 084670702 3,617,000 7,446 SH SOLE 5,370 0 2,076
BERKSHIRE HATHAWAY INC (D com 084670108 10,203,000 14 SH SOLE 1 0 13
BLUE OWL CAPITAL INC COM CL A com 09581B103 38,606,000 2,009,681 SH SOLE 747,221 0 1,262,461
BOOKING HOLDINGS INC com 09857L108 59,043,000 10,199 SH SOLE 3,772 0 6,427
BROOKFIELD CORP com 11271J107 365,000 5,902 SH SOLE 0 0 5,902
CATERPILLAR INC com 149123101 991,000 2,552 SH SOLE 985 0 1,567
CIGNA GROUP com 125523100 41,844,000 126,577 SH SOLE 47,211 0 79,366
CISCO SYSTEMS INC com 17275R102 417,000 6,013 SH SOLE 0 0 6,013
COSTAR GROUP INC com 22160N109 15,385,000 191,354 SH SOLE 70,390 0 120,964
CTT CORREIOS DE PORTUG SHS com X1R05J122 756,000 84,925 SH SOLE 11,075 0 73,850
CUMMINS INC com 231021106 305,000 932 SH SOLE 826 0 106
DANAHER CORP com 235851102 34,031,000 172,273 SH SOLE 60,547 0 111,726
DEERE & CO com 244199105 308,000 606 SH SOLE 341 0 265
EQUIFAX INC com 294429105 12,057,000 46,485 SH SOLE 17,145 0 29,340
FIRST ADVANTAGE CORP com 31846b108 22,056,000 1,327,850 SH SOLE 495,528 0 832,322
FIRST CTZNS BANCSHARES CL A com 31946M103 54,628,000 27,922 SH SOLE 10,139 0 17,783
FISERV INC com 337738108 52,644,000 305,341 SH SOLE 112,559 0 192,782
FRANCO NEV CORP COM com 351858105 647,000 3,946 SH SOLE 28 0 3,918
HOME DEPOT INC com 437076102 259,000 706 SH SOLE 532 0 174
I SHARES RUSL 2000 com 464287655 203,000 943 SH SOLE 220 0 723
IDEXX LABS INC com 45168D104 3,044,000 5,675 SH SOLE 2,063 0 3,612
INTERCONTINENTAL EXCHANGE com 45866f104 10,176,000 55,463 SH SOLE 20,400 0 35,063
ISHARES MSCI GWTH IDX FD com 464288885 293,000 2,614 SH SOLE 800 0 1,814
ISHARES TR DJ TOTAL MKT US TOT com 464287846 981,000 6,502 SH SOLE 3,000 0 3,502
ISHARES TR MSCI EAFE FD MSCI E com 464287465 330,000 3,687 SH SOLE 310 0 3,377
ISHARES TR RUSSELL 1000 RUSSEL com 464287622 1,032,000 3,038 SH SOLE 1,350 0 1,688
JD.COM INC com 47215P106 17,270,000 529,091 SH SOLE 196,358 0 332,733
JOHNSON & JOHNSON com 478160104 307,000 2,012 SH SOLE 880 0 1,132
KELLANOVA com 487836108 215,000 2,705 SH SOLE 2,174 0 531
KKR & CO LP com 48251W104 30,514,000 229,379 SH SOLE 84,336 0 145,043
KYNDRYL HLDGS INC COMMON STOCK com 50155Q100 63,457,000 1,512,331 SH SOLE 553,216 0 959,115
LANDBRIDGE COMPANY LLC CL A com 514952100 10,247,000 151,631 SH SOLE 55,706 0 95,925
MERCK & CO INC NEW com 58933y105 448,000 5,663 SH SOLE 4,722 0 941
MICROSOFT CORP com 594918104 3,314,000 6,663 SH SOLE 584 0 6,079
MONDELEZ INTL INC com 609207105 696,000 10,314 SH SOLE 8,978 0 1,336
NVIDIA CORP com 67066G104 328,000 2,077 SH SOLE 170 0 1,907
PAYPAL HOLDINGS INC com 70450Y103 17,978,000 241,894 SH SOLE 90,448 0 151,446
PEMBINA PIPELINE CORP F com 706327103 448,000 11,939 SH SOLE 5,787 0 6,152
PEPSICO INCORPORATED com 713448108 217,000 1,640 SH SOLE 1,568 0 72
PHILIP MORRIS INTL INC com 718172109 26,238,000 144,061 SH SOLE 59,061 0 85,000
PROCTER & GAMBLE com 742718109 1,093,000 6,862 SH SOLE 6,005 0 857
PROGRESSIVE CORP OHIO com 743315103 460,000 1,724 SH SOLE 0 0 1,724
RICHARDS PACKAGING com 763102100 392,000 16,300 SH SOLE 0 0 16,300
RYANAIR HOLDINGS PLC SPONSORED com 783513203 40,636,000 704,638 SH SOLE 265,660 0 438,977
S&P 100 INDEX com 464287101 213,000 700 SH SOLE 0 0 700
S&P 500 INDEX com 464287200 1,155,000 1,860 SH SOLE 58 0 1,802
SHERWIN-WILLIAMS com 824348106 1,339,000 3,900 SH SOLE 3,900 0 0
SPDR S&P MIDCAP 400 ETF com 78467Y107 308,000 544 SH SOLE 58 0 486
TENCENT HLDGS LTD ADR com 88032Q109 13,255,000 205,499 SH SOLE 78,238 0 127,261
TEXAS PACIFIC LAND CORP com 88262P102 15,674,000 14,837 SH SOLE 5,424 0 9,414
UNION PACIFIC CORP com 907818108 254,000 1,103 SH SOLE 300 0 803
VISA INC com 92826C839 60,453,000 170,266 SH SOLE 61,930 0 108,336
WILLIS TOWERS WATSON com G96629103 58,385,000 190,489 SH SOLE 70,060 0 120,430