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
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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Abbott Laboratories COM 002824100 1,528,538 12,200 SH SOLE 0 0 12,200
AbbVie Inc. COM 00287Y109 2,787,578 12,200 SH SOLE 0 0 12,200
Allegion PLC COM G0176J109 10,752,763 67,534 SH SOLE 67,534 0 0
Alphabet Inc. CL A CL A 02079K305 31,504,702 100,654 SH SOLE 100,654 0 0
American Express COM 025816109 19,740,532 53,360 SH SOLE 53,360 0 0
Axos Financial, Inc. COM 05465C100 447,084 5,189 SH SOLE 5,189 0 0
Becton Dickinson & Co. COM 075887109 11,493,214 59,222 SH SOLE 59,222 0 0
Berkshire Hathaway Inc. CL B CL B 084670702 8,204,756 16,323 SH SOLE 0 0 16,323
Booking Holdings Inc. COM 09857L108 14,823,553 2,768 SH SOLE 2,768 0 0
Broadcom Inc. COM 11135F101 24,503,188 70,798 SH SOLE 70,798 0 0
CDW Corp. of Delaware COM 12514G108 12,151,355 89,217 SH SOLE 89,217 0 0
CME Group Inc. COM 12572Q105 3,954,471 14,481 SH SOLE 14,481 0 0
Coca Cola Co. COM 191216100 6,551,965 93,720 SH SOLE 0 0 93,720
Eagle Materials Inc. COM 26969P108 715,113 3,460 SH SOLE 3,460 0 0
Electronic Arts Inc. COM 285512109 5,518,545 27,008 SH SOLE 27,008 0 0
ExlService Holdings Inc. COM 302081104 4,261,061 100,402 SH SOLE 100,402 0 0
Expedia Inc. COM 30212P303 940,023 3,318 SH SOLE 3,318 0 0
Exxon Mobil Corp. COM 30231G102 383,042 3,183 SH SOLE 3,183 0 0
First Advantage Corp. COM 31846B108 235,386 16,200 SH SOLE 16,200 0 0
Gartner Inc. COM 366651107 15,114,347 59,911 SH SOLE 59,911 0 0
Genpact Limited COM G3922B107 5,269,393 112,642 SH SOLE 112,642 0 0
Hecla Mining Company COM 422704106 291,688 15,200 SH SOLE 15,200 0 0
Henry Schein, Inc. COM 806407102 5,381,825 71,207 SH SOLE 71,207 0 0
ICON Public Limited Company COM G4705A100 4,802,226 26,354 SH SOLE 26,354 0 0
IQVIA Holdings Inc COM 46266C105 5,891,767 26,138 SH SOLE 26,138 0 0
Johnson & Johnson COM 478160104 8,360,366 40,398 SH SOLE 38,184 0 2,214
Kenvue Inc. COM 49177J102 956,754 55,464 SH SOLE 50,083 0 5,381
Keysight Technologies Inc. COM 49338L103 12,515,894 61,597 SH SOLE 61,597 0 0
Kraft Heinz Company COM 500754106 446,637 18,418 SH SOLE 0 0 18,418
L3Harris Technologies Inc. COM 502431109 4,118,200 14,028 SH SOLE 14,028 0 0
Lam Research Corporation COM 512807306 2,637,199 15,406 SH SOLE 15,406 0 0
Lincoln Electric Holdings, Inc. COM 533900106 722,754 3,016 SH SOLE 3,016 0 0
Marsh & McLennan Cos. COM 571748102 13,072,110 70,462 SH SOLE 70,462 0 0
Meta Platforms, Inc. COM 30303M102 24,815,423 37,594 SH SOLE 37,594 0 0
Microsoft Corp. COM 594918104 36,791,875 76,076 SH SOLE 76,076 0 0
Mondelez International Inc. COM 609207105 7,354,147 136,618 SH SOLE 136,618 0 0
Motorola Solutions Inc. COM 620076307 2,559,428 6,677 SH SOLE 6,677 0 0
Nasdaq Inc. COM 631103108 1,740,375 17,918 SH SOLE 17,918 0 0
News Corporation Class A CL A 65249B109 371,322 14,216 SH SOLE 14,216 0 0
Novartis AG - ADR SPONSORED ADR 66987V109 1,405,723 10,196 SH SOLE 10,196 0 0
Otis Worldwide Corp. COM 68902V107 10,568,389 120,989 SH SOLE 120,989 0 0
Philip Morris International Inc. COM 718172109 26,441,940 164,850 SH SOLE 164,850 0 0
Procter & Gamble Co. COM 742718109 506,171 3,532 SH SOLE 0 0 3,532
Qualcomm Inc. COM 747525103 9,730,179 56,885 SH SOLE 56,885 0 0
Ross Stores Inc. COM 778296103 7,506,074 41,668 SH SOLE 41,668 0 0
RTX Corporation COM 75513E101 2,726,975 14,869 SH SOLE 14,869 0 0
Salesforce Inc COM 79466L302 12,479,115 47,107 SH SOLE 47,107 0 0
Sanofi - ADR SPONSORED ADR 80105N105 213,806 4,412 SH SOLE 4,412 0 0
SEI Investments Company COM 784117103 14,155,012 172,580 SH SOLE 172,580 0 0
Smith (A.O.) Corp. COM 831865209 3,950,133 59,063 SH SOLE 59,063 0 0
Sony Group Corp. - Spon ADR SPONSORED ADR 835699307 2,142,080 83,675 SH SOLE 83,675 0 0
Union Pacific Corp. COM 907818108 11,659,916 50,406 SH SOLE 50,406 0 0
UnitedHealth Group Inc. COM 91324P102 12,344,133 37,394 SH SOLE 37,394 0 0
Visa Inc. Class A Shares CL A 92826C839 6,739,594 19,217 SH SOLE 19,217 0 0
W.W. Grainger Inc. COM 384802104 7,166,273 7,102 SH SOLE 7,102 0 0
Wal-Mart Stores Inc. COM 931142103 6,667,889 59,850 SH SOLE 0 0 59,850
WEX Inc. COM 96208T104 3,220,948 21,620 SH SOLE 21,620 0 0
Willis Towers Watson Public Limited Company COM G96629103 5,646,662 17,184 SH SOLE 17,184 0 0