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 212,000 32,649 SH SOLE 0 0 32,649
AIRBUS SE UNSPONSORED ADR com 009279100 11,590,000 208,448 SH SOLE 71,025 0 137,423
ALPHABET INC CLASS A com 02079K305 21,611,000 60,471 SH SOLE 14,914 0 45,557
ALPHABET INC CLASS C com 02079K107 28,521,000 80,721 SH SOLE 32,981 0 47,740
ALTRIA GROUP INC COM com 02209S103 788,000 10,948 SH SOLE 8,930 0 2,018
AMAZON.COM INC com 023135106 51,247,000 215,016 SH SOLE 71,160 0 143,856
AMGEN INCORPORATED com 031162100 217,000 600 SH SOLE 600 0 0
APPLE INC com 037833100 6,629,000 22,911 SH SOLE 6,306 0 16,605
ARES MANAGEMENT CORP com 03990B101 10,021,000 90,028 SH SOLE 30,687 0 59,341
BECTON DICKINSON & CO com 075887109 22,547,000 148,992 SH SOLE 52,018 0 96,973
BERKSHIRE HATHAWAY B NEW CLASS com 084670702 2,412,000 4,821 SH SOLE 2,833 0 1,988
BERKSHIRE HATHAWAY INC (D com 084670108 3,744,000 5 SH SOLE 1 0 4
BLUE OWL CAPITAL INC COM CL A com 09581B103 11,208,000 1,280,899 SH SOLE 438,951 0 841,948
BOOKING HOLDINGS INC com 09857L108 51,149,000 286,968 SH SOLE 97,816 0 189,152
BROOKFIELD CORP com 11271J107 377,000 8,851 SH SOLE 0 0 8,851
BROWN & BROWN INC COM com 115236101 11,459,000 178,632 SH SOLE 57,767 0 120,865
BRP INC COM SUN VTG com 05577W200 262,000 4,298 SH SOLE 0 0 4,298
CAPITAL ONE FINANCIAL com 14040H105 12,784,000 63,722 SH SOLE 21,564 0 42,158
CATERPILLAR INC com 149123101 2,226,000 2,091 SH SOLE 645 0 1,446
CIGNA GROUP com 125523100 32,115,000 116,495 SH SOLE 40,016 0 76,479
CISCO SYSTEMS INC com 17275R102 796,000 6,773 SH SOLE 0 0 6,773
CTT CORREIOS DE PORTUG SHS com X1R05J122 561,000 84,925 SH SOLE 11,075 0 73,850
CUMMINS INC com 231021106 375,000 526 SH SOLE 420 0 106
DANAHER CORP com 235851102 29,974,000 157,363 SH SOLE 51,827 0 105,536
DEERE & CO com 244199105 384,000 606 SH SOLE 341 0 265
FIRST ADVANTAGE CORP com 31846b108 15,905,000 881,185 SH SOLE 279,408 0 601,777
FIRST CTZNS BANCSHARES CL A com 31946M103 23,925,000 11,498 SH SOLE 3,762 0 7,736
FRANCO NEV CORP COM com 351858105 823,000 3,946 SH SOLE 28 0 3,918
HOME DEPOT INC com 437076102 251,000 712 SH SOLE 538 0 174
I SHARES RUSL 2000 com 464287655 649,000 2,160 SH SOLE 220 0 1,940
IDEXX LABS INC com 45168D104 2,710,000 5,149 SH SOLE 1,726 0 3,423
INTERCONTINENTAL EXCHANGE com 45866f104 14,651,000 119,011 SH SOLE 40,679 0 78,332
ISHARES MSCI GWTH IDX FD com 464288885 325,000 2,614 SH SOLE 800 0 1,814
ISHARES TR DJ TOTAL MKT US TOT com 464287846 1,185,000 6,502 SH SOLE 3,000 0 3,502
ISHARES TR MSCI EAFE FD MSCI E com 464287465 431,000 4,151 SH SOLE 310 0 3,841
ISHARES TR RUSSELL 1000 RUSSEL com 464287622 1,244,000 3,038 SH SOLE 1,350 0 1,688
JOHNSON & JOHNSON com 478160104 378,000 1,490 SH SOLE 880 0 610
KKR & CO LP com 48251W104 25,182,000 274,368 SH SOLE 94,463 0 179,905
KYNDRYL HLDGS INC COMMON STOCK com 50155Q100 19,929,000 1,762,090 SH SOLE 576,207 0 1,185,883
LANDBRIDGE COMPANY LLC CL A com 514952100 30,453,000 384,317 SH SOLE 130,599 0 253,718
MC KESSON CORP com 58155Q103 13,515,000 17,887 SH SOLE 6,138 0 11,749
MERCK & CO INC NEW com 58933y105 477,000 3,711 SH SOLE 2,770 0 941
META PLATFORMS INC com 30303M102 17,961,000 31,886 SH SOLE 11,020 0 20,866
MICROSOFT CORP com 594918104 2,276,000 6,102 SH SOLE 255 0 5,847
MONDELEZ INTL INC com 609207105 348,000 6,024 SH SOLE 4,688 0 1,336
PEMBINA PIPELINE CORP F com 706327103 552,000 11,939 SH SOLE 5,787 0 6,152
PEPSICO INCORPORATED com 713448108 222,000 1,640 SH SOLE 1,568 0 72
PHILIP MORRIS INTL INC com 718172109 34,710,000 191,866 SH SOLE 67,321 0 124,545
PROCTER & GAMBLE com 742718109 633,000 4,319 SH SOLE 3,594 0 725
PROGRESSIVE CORP OHIO com 743315103 310,000 1,419 SH SOLE 0 0 1,419
RICHARDS PACKAGING com 763102100 332,000 16,300 SH SOLE 0 0 16,300
RYANAIR HOLDINGS PLC SPONSORED com 783513203 42,269,000 652,808 SH SOLE 228,325 0 424,482
S&P 100 INDEX com 464287101 203,000 555 SH SOLE 0 0 555
S&P 500 INDEX com 464287200 1,713,000 2,287 SH SOLE 135 0 2,152
SHERWIN-WILLIAMS com 824348106 1,343,000 3,900 SH SOLE 3,900 0 0
SPDR S&P MIDCAP 400 ETF com 78467Y107 437,000 621 SH SOLE 58 0 563
TENCENT HLDGS LTD ADR com 88032Q109 10,539,000 190,852 SH SOLE 67,196 0 123,656
TEXAS PACIFIC LAND CORP com 88262P102 12,213,000 27,906 SH SOLE 9,440 0 18,467
UNION PACIFIC CORP com 907818108 300,000 1,103 SH SOLE 300 0 803
VISA INC com 92826C839 54,343,000 158,392 SH SOLE 53,173 0 105,218
WALMART INC com 931142103 246,000 2,171 SH SOLE 495 0 1,676
WILLIS TOWERS WATSON com G96629103 45,595,000 174,446 SH SOLE 59,457 0 114,989