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
Abbott Laboratories COM 002824100 1,252,574 12,200 SH SOLE 0 0 12,200
AbbVie Inc. COM 00287Y109 2,653,378 12,200 SH SOLE 0 0 12,200
Allegion PLC COM G0176J109 10,019,198 68,960 SH SOLE 68,960 0 0
Alphabet Inc. CL A CL A 02079K305 20,992,743 73,003 SH SOLE 73,003 0 0
American Express COM 025816109 12,936,465 42,768 SH SOLE 42,768 0 0
Autodesk Inc. COM 052769106 4,938,583 20,629 SH SOLE 20,629 0 0
Axos Financial, Inc. COM 05465C100 449,445 5,282 SH SOLE 5,282 0 0
Becton Dickinson & Co. COM 075887109 10,056,431 63,960 SH SOLE 63,960 0 0
Berkshire Hathaway Inc. CL B CL B 084670702 7,821,982 16,323 SH SOLE 0 0 16,323
Booking Holdings Inc. COM 09857L108 13,494,076 3,205 SH SOLE 3,205 0 0
Broadcom Inc. COM 11135F101 23,625,517 76,332 SH SOLE 76,332 0 0
CDW Corp. of Delaware COM 12514G108 7,624,744 63,004 SH SOLE 63,004 0 0
CME Group Inc. COM 12572Q105 4,267,808 14,450 SH SOLE 14,450 0 0
Coca Cola Co. COM 191216100 7,127,406 93,720 SH SOLE 0 0 93,720
Eagle Materials Inc. COM 26969P108 686,567 3,624 SH SOLE 3,624 0 0
Edgewell Personal Care Co. COM 28035Q102 682,880 32,000 SH SOLE 32,000 0 0
ExlService Holdings Inc. COM 302081104 4,396,067 144,370 SH SOLE 144,370 0 0
Expedia Inc. COM 30212P303 577,225 2,500 SH SOLE 2,500 0 0
Exxon Mobil Corp. COM 30231G102 540,028 3,183 SH SOLE 0 0 3,183
First Advantage Corp. COM 31846B108 409,542 34,825 SH SOLE 34,825 0 0
Gartner Inc. COM 366651107 11,202,397 70,749 SH SOLE 70,749 0 0
Genpact Limited COM G3922B107 3,981,951 106,898 SH SOLE 106,898 0 0
Gold Royalty Corp. COM 38071H106 317,091 88,573 SH SOLE 88,573 0 0
Hecla Mining Company COM 422704106 216,108 11,600 SH SOLE 11,600 0 0
Henry Schein, Inc. COM 806407102 5,448,936 73,934 SH SOLE 73,934 0 0
Honeywell International Inc. COM 438516106 15,702,982 69,473 SH SOLE 69,473 0 0
ICON Public Limited Company COM G4705A100 1,608,443 14,535 SH SOLE 14,535 0 0
IQVIA Holdings Inc COM 46266C105 5,109,719 29,962 SH SOLE 29,962 0 0
Johnson & Johnson COM 478160104 7,853,857 32,130 SH SOLE 29,916 0 2,214
Kenvue Inc. COM 49177J102 957,423 55,535 SH SOLE 50,154 0 5,381
Keysight Technologies Inc. COM 49338L103 14,933,137 52,885 SH SOLE 52,885 0 0
Kraft Heinz Company COM 500754106 414,221 18,418 SH SOLE 0 0 18,418
L3Harris Technologies Inc. COM 502431109 2,279,716 6,605 SH SOLE 6,605 0 0
Lemonade Inc COM 52567D107 835,712 13,333 SH SOLE 13,333 0 0
Lincoln Electric Holdings, Inc. COM 533900106 751,225 3,016 SH SOLE 3,016 0 0
LPL Financial Holdings Inc. COM 50212V100 8,641,041 28,724 SH SOLE 28,724 0 0
Marsh & McLennan Cos. COM 571748102 12,545,292 72,328 SH SOLE 72,328 0 0
Mattel Inc. COM 577081102 1,280,921 88,157 SH SOLE 88,157 0 0
Meta Platforms, Inc. COM 30303M102 24,136,448 42,187 SH SOLE 42,187 0 0
Microsoft Corp. COM 594918104 28,638,572 77,366 SH SOLE 77,366 0 0
Mondelez International Inc. COM 609207105 9,876,845 171,354 SH SOLE 171,354 0 0
Motorola Solutions Inc. COM 620076307 1,604,821 3,698 SH SOLE 3,698 0 0
News Corporation Class A CL A 65249B109 374,075 15,005 SH SOLE 15,005 0 0
Novartis AG - ADR SPONSORED ADR 66987V109 1,578,060 10,331 SH SOLE 10,331 0 0
Otis Worldwide Corp. COM 68902V107 10,430,466 135,320 SH SOLE 135,320 0 0
Philip Morris International Inc. COM 718172109 18,272,054 110,512 SH SOLE 110,512 0 0
Pool Corporation COM 73278L105 6,728,079 33,253 SH SOLE 33,253 0 0
Procter & Gamble Co. COM 742718109 3,080,616 21,328 SH SOLE 17,796 0 3,532
Qualcomm Inc. COM 747525103 7,488,557 58,150 SH SOLE 58,150 0 0
Ross Stores Inc. COM 778296103 3,623,787 16,728 SH SOLE 16,728 0 0
RTX Corporation COM 75513E101 2,868,230 14,869 SH SOLE 14,869 0 0
Salesforce Inc COM 79466L302 9,544,810 51,132 SH SOLE 51,132 0 0
Sanofi - ADR SPONSORED ADR 80105N105 229,096 4,755 SH SOLE 4,755 0 0
SEI Investments Company COM 784117103 12,381,546 157,787 SH SOLE 157,787 0 0
ServiceNow Inc COM 81762P102 1,463,700 14,000 SH SOLE 14,000 0 0
Smith (A.O.) Corp. COM 831865209 2,326,099 35,276 SH SOLE 35,276 0 0
Sony Group Corp. - Spon ADR SPONSORED ADR 835699307 1,771,485 85,579 SH SOLE 85,579 0 0
Sunbelt Rental Holdings Inc COM 866966104 4,471,032 68,690 SH SOLE 68,690 0 0
Uber Technologies, Inc. COM 90353T100 3,464,077 48,159 SH SOLE 48,159 0 0
Union Pacific Corp. COM 907818108 12,598,529 51,927 SH SOLE 51,927 0 0
UnitedHealth Group Inc. COM 91324P102 7,973,476 29,467 SH SOLE 29,467 0 0
Visa Inc. Class A Shares CL A 92826C839 5,846,531 19,344 SH SOLE 19,344 0 0
W.W. Grainger Inc. COM 384802104 5,348,241 4,903 SH SOLE 4,903 0 0
Wal-Mart Stores Inc. COM 931142103 7,438,158 59,850 SH SOLE 0 0 59,850
Waters Corporation COM 941848103 1,673,934 5,621 SH SOLE 5,621 0 0
WEX Inc. COM 96208T104 4,659,609 30,447 SH SOLE 30,447 0 0
Willis Towers Watson Public Limited Company COM G96629103 5,011,668 17,240 SH SOLE 17,240 0 0