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
ADVANCED DRAIN SYS INC DEL COM 00790R104 694,391 4,424 SH SOLE 0 0 4,424
AFFILIATED MANAGERS GROUP COM 008252108 3,641,242 10,760 SH SOLE 0 0 10,760
AFLAC INC COM 001055102 38,809,750 331,000 SH SOLE 0 0 331,000
ALPHABET INC CAP STK CL A 02079K305 100,063,600 280,000 SH SOLE 0 0 280,000
ALPHABET INC CAP STK CL C 02079K107 99,193,864 280,740 SH SOLE 0 0 280,740
AMAZON COM INC COM 023135106 77,610,416 325,629 SH SOLE 0 0 325,629
AMBEV SA SPONSORED ADR 02319V103 543,088 172,958 SH SOLE 0 0 172,958
AMERICAN EXPRESS CO COM 025816109 33,251,666 98,305 SH SOLE 0 0 98,305
AMERIS BANCORP COM 03076K108 1,273,569 14,110 SH SOLE 0 0 14,110
AON PLC SHS CL A G0403H108 1,014,308 3,058 SH SOLE 0 0 3,058
APPLE INC COM 037833100 182,771,057 631,639 SH SOLE 0 0 631,639
APPLIED MATLS INC COM 038222105 123,849,900 171,300 SH SOLE 0 0 171,300
APTARGROUP INC COM 038336103 2,627,101 20,983 SH SOLE 0 0 20,983
ARAMARK COM 03852U106 3,732,364 65,595 SH SOLE 0 0 65,595
ARGENX SE SPONSORED ADR 04016X101 1,159,713 1,250 SH SOLE 0 0 1,250
ASCENDIS PHARMA A/S ORD SHS K08588103 555,311 2,082 SH SOLE 0 0 2,082
ASE TECHNOLOGY HLDG CO LTD SPONSORED ADS 00215W100 3,191,969 70,744 SH SOLE 0 0 70,744
ASML HLDG NV N Y REGISTRY SHS N07059210 2,029,229 1,020 SH SOLE 0 0 1,020
ASTRAZENECA PLC ORD G0593M107 1,114,966 5,880 SH SOLE 0 0 5,880
AUTOMATIC DATA PROCESSING IN COM 053015103 44,546,317 198,912 SH SOLE 0 0 198,912
AVERY DENNISON CORP COM 053611109 3,536,632 21,784 SH SOLE 0 0 21,784
BAIDU INC SPON ADR REP A 056752108 588,136 5,146 SH SOLE 0 0 5,146
BALL CORP COM 058498106 942,552 15,105 SH SOLE 0 0 15,105
BANCO BRADESCO S A SP ADR PFD NEW 059460303 388,317 111,907 SH SOLE 0 0 111,907
BENTLEY SYS INC COM CL B 08265T208 843,705 28,227 SH SOLE 0 0 28,227
BEONE MEDICINES LTD SPONSORED ADS 07725L102 918,743 3,224 SH SOLE 0 0 3,224
BERKLEY W R CORP COM 084423102 3,504,500 49,688 SH SOLE 0 0 49,688
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 25,845,144 51,650 SH SOLE 0 0 51,650
BIO-TECHNE CORP COM 09073M104 2,787,006 39,448 SH SOLE 0 0 39,448
BLACKBAUD INC COM 09227Q100 996,247 33,634 SH SOLE 0 0 33,634
BLACKROCK INC COM 09290D101 63,477,204 66,015 SH SOLE 0 0 66,015
BOEING CO COM 097023105 25,592,768 118,228 SH SOLE 0 0 118,228
BOOZ ALLEN HAMILTON HLDG COR CL A 099502106 458,423 7,556 SH SOLE 0 0 7,556
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 511,919 3,738 SH SOLE 0 0 3,738
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105 923,910 20,600 SH SOLE 0 0 20,600
BURLINGTON STORES INC COM 122017106 4,176,058 13,182 SH SOLE 0 0 13,182
CACI INTL INC CL A 127190304 3,785,761 8,172 SH SOLE 0 0 8,172
CADENCE DESIGN SYSTEM INC COM 127387108 26,460,060 70,500 SH SOLE 0 0 70,500
CAE INC COM 124765108 679,602 27,119 SH SOLE 0 0 27,119
CANADIAN NATL RY CO COM 136375102 711,505 5,967 SH SOLE 0 0 5,967
CARLISLE COS INC COM 142339100 5,127,263 14,134 SH SOLE 0 0 14,134
CARNIVAL CORP LTD COMMON SHARES G2004J103 936,553 32,781 SH SOLE 0 0 32,781
CASEYS GEN STORES INC COM 147528103 1,732,642 2,180 SH SOLE 0 0 2,180
CATERPILLAR INC COM 149123101 46,828,978 43,975 SH SOLE 0 0 43,975
CDW CORP COM 12514G108 1,219,911 8,674 SH SOLE 0 0 8,674
CHECK POINT SOFTWARE TECH LT ORD M22465104 520,857 3,963 SH SOLE 0 0 3,963
CHOICE HOTELS INTL INC COM 169905106 2,175,627 19,730 SH SOLE 0 0 19,730
CISCO SYS INC COM 17275R102 41,795,676 355,829 SH SOLE 0 0 355,829
CITIGROUP INC COM NEW 172967424 24,353,040 174,000 SH SOLE 0 0 174,000
COCA COLA CO COM 191216100 27,046,440 332,797 SH SOLE 0 0 332,797
COSTCO WHOLESALE CORPORATION COM 22160K105 991,598 1,060 SH SOLE 0 0 1,060
DEUTSCHE BK AG NAMEN AKT D18190898 828,470 24,540 SH SOLE 0 0 24,540
DOLBY LABORATORIES INC COM CL A 25659T107 1,800,287 34,239 SH SOLE 0 0 34,239
DOVER CORP COM 260003108 27,816,327 124,025 SH SOLE 0 0 124,025
ELI LILLY & CO COM 532457108 140,544,512 117,176 SH SOLE 0 0 117,176
EMERSON ELEC CO COM 291011104 11,666,725 81,500 SH SOLE 0 0 81,500
ENVISTA HOLDINGS CORPORATION COM 29415F104 1,143,247 43,387 SH SOLE 0 0 43,387
EQUINOR ASA SPONSORED ADR 29446M102 673,656 21,454 SH SOLE 0 0 21,454
EVEREST GROUP LTD COM G3223R108 507,624 1,421 SH SOLE 0 0 1,421
EXXON MOBIL CORP COM 30231G102 48,128,858 352,025 SH SOLE 0 0 352,025
FACTSET RESH SYS INC COM 303075105 582,306 2,531 SH SOLE 0 0 2,531
FEDEX CORP COM 31428X106 21,363,912 68,227 SH SOLE 0 0 68,227
FEDEX FGHT HLDG CO INC COMMON STOCK 314352105 5,151,063 34,113 SH SOLE 0 0 34,113
GARMIN LTD SHS H2906T109 703,118 2,960 SH SOLE 0 0 2,960
GE AEROSPACE COM NEW 369604301 92,685,040 248,000 SH SOLE 0 0 248,000
GE VERNOVA INC COM 36828A101 72,841,321 62,000 SH SOLE 0 0 62,000
GENERAL DYNAMICS CORP COM 369550108 20,900,160 59,000 SH SOLE 0 0 59,000
GLOBAL X FDS DEFENSE TECH ETF 37960A529 45,319,890 759,000 SH SOLE 0 0 759,000
GODADDY INC CL A 380237107 2,580,352 30,400 SH SOLE 0 0 30,400
GRACO INC COM 384109104 1,036,062 13,703 SH SOLE 0 0 13,703
GRUPO CIBEST SA SPON ADS 40090E106 1,101,615 13,869 SH SOLE 0 0 13,869
HDFC BANK LTD SPONSORED ADS 40415F101 392,590 15,199 SH SOLE 0 0 15,199
HEALTHEQUITY INC COM 42226A107 1,767,472 19,569 SH SOLE 0 0 19,569
HENRY JACK & ASSOC INC COM 426281101 1,544,081 11,210 SH SOLE 0 0 11,210
HOME DEPOT INC COM 437076102 42,419,754 120,278 SH SOLE 0 0 120,278
HONEYWELL AEROSPACE INC COM 43849R105 10,643,897 48,145 SH SOLE 0 0 48,145
HONEYWELL INTL INC COM 438516205 10,779,666 48,145 SH SOLE 0 0 48,145
HOULIHAN LOKEY INC CL A 441593100 1,259,078 9,387 SH SOLE 0 0 9,387
HSBC HLDGS PLC SPON ADR NEW 404280406 1,224,759 12,880 SH SOLE 0 0 12,880
HUNT J B TRANS SVCS INC COM 445658107 1,712,148 5,916 SH SOLE 0 0 5,916
ICICI BANK LIMITED ADR 45104G104 708,535 24,407 SH SOLE 0 0 24,407
ICON PUB LTD CO SHS G4705A100 781,695 4,500 SH SOLE 0 0 4,500
IDEX CORP COM 45167R104 2,624,183 11,563 SH SOLE 0 0 11,563
INSIGHT ENTERPRISES INC COM 45765U103 2,656,458 21,810 SH SOLE 0 0 21,810
INTERCONTINENTAL HOTELS GROU SPONSORED ADS 45857P806 1,072,652 6,196 SH SOLE 0 0 6,196
INVESCO EXCHANGE TRADED FD T S&P500 QUALITY 46137V241 9,010,000 100,000 SH SOLE 0 0 100,000
ISHARES INC MSCI EQUAL WEITE 464286681 88,154,680 772,000 SH SOLE 0 0 772,000
ISHARES TR ISHARES BIOTECH 464287556 8,938,930 47,000 SH SOLE 0 0 47,000
ISHARES TR MSCI USA QLT FCT 46432F339 2,413,730 11,000 SH SOLE 0 0 11,000
JACOBS SOLUTIONS INC COM 46982L108 1,791,846 14,221 SH SOLE 0 0 14,221
JONES LANG LASALLE INC COM 48020Q107 3,264,190 10,531 SH SOLE 0 0 10,531
JPMORGAN CHASE & CO COM 46625H100 108,858,048 332,564 SH SOLE 0 0 332,564
KINSALE CAP GROUP INC COM 49714P108 1,096,288 3,324 SH SOLE 0 0 3,324
KIRBY CORP COM 497266106 2,286,607 16,817 SH SOLE 0 0 16,817
LENNOX INTL INC COM 526107107 2,768,129 4,831 SH SOLE 0 0 4,831
LKQ CORP COM 501889208 1,386,169 52,646 SH SOLE 0 0 52,646
MANHATTAN ASSOCIATES INC COM 562750109 2,411,253 17,316 SH SOLE 0 0 17,316
MARATHON PETE CORP COM 56585A102 20,092,923 78,589 SH SOLE 0 0 78,589
MARKEL GROUP INC COM 570535104 3,359,177 1,720 SH SOLE 0 0 1,720
MARRIOTT INTL INC NEW CL A 571903202 40,394,310 109,000 SH SOLE 0 0 109,000
MARVELL TECHNOLOGY INC COM 573874104 71,011,614 238,382 SH SOLE 0 0 238,382
MCDONALDS CORP COM 580135101 33,564,233 124,169 SH SOLE 0 0 124,169
META PLATFORMS INC CL A 30303M102 65,003,666 115,400 SH SOLE 0 0 115,400
MICROSOFT CORP COM 594918104 69,125,378 185,313 SH SOLE 0 0 185,313
MITSUBISHI UFJ FINANCIAL GRO SPONSORED ADS 606822104 965,918 48,563 SH SOLE 0 0 48,563
MONDELEZ INTL INC CL A 609207105 14,170,800 245,000 SH SOLE 0 0 245,000
MORNINGSTAR INC COM 617700109 1,821,015 11,672 SH SOLE 0 0 11,672
NOKIA CORP SPONSORED ADR 654902204 512,037 38,557 SH SOLE 0 0 38,557
NORDSON CORP COM 655663102 2,202,627 7,301 SH SOLE 0 0 7,301
NOVARTIS AG SPONSORED ADR 66987V109 1,926,873 12,295 SH SOLE 0 0 12,295
NVIDIA CORPORATION COM 67066G104 206,902,417 1,034,047 SH SOLE 0 0 1,034,047
NXP SEMICONDUCTORS N V COM N6596X109 2,000,653 7,119 SH SOLE 0 0 7,119
ORACLE CORP COM 68389X105 43,293,610 295,419 SH SOLE 0 0 295,419
PALO ALTO NETWORKS INC COM 697435105 81,033,172 237,620 SH SOLE 0 0 237,620
PARSONS CORP DEL COM 70202L102 934,323 17,834 SH SOLE 0 0 17,834
PEPSICO INC COM 713448108 17,692,200 130,666 SH SOLE 0 0 130,666
PERFORMANCE FOOD GROUP CO COM 71377A103 651,736 5,830 SH SOLE 0 0 5,830
PETROLEO BRASILEIRO S A SPONSORED ADR 71654V408 602,768 37,300 SH SOLE 0 0 37,300
POOL CORP COM 73278L105 2,183,384 10,160 SH SOLE 0 0 10,160
PROSPERITY BANCSHARES INC COM 743606105 931,571 12,756 SH SOLE 0 0 12,756
RELX PLC SPONSORED ADR 759530108 1,632,102 51,643 SH SOLE 0 0 51,643
RIO TINTO PLC SPONSORED ADR 767204100 667,453 7,031 SH SOLE 0 0 7,031
RPM INTL INC COM 749685103 2,766,998 24,894 SH SOLE 0 0 24,894
SAIA INC COM 78709Y105 1,992,508 4,731 SH SOLE 0 0 4,731
SALESFORCE INC COM 79466L302 33,838,560 216,000 SH SOLE 0 0 216,000
SAP SE SPON ADR 803054204 1,071,681 6,954 SH SOLE 0 0 6,954
SEI INVTS CO COM 784117103 3,152,646 35,944 SH SOLE 0 0 35,944
SERVICE CORP INTL COM 817565104 1,369,408 18,028 SH SOLE 0 0 18,028
SHELL PLC SPON ADS 780259305 25,065,130 333,572 SH SOLE 0 0 333,572
SHOPIFY INC CL A SUB VTG SHS 82509L107 661,901 5,797 SH SOLE 0 0 5,797
SIMPSON MFG INC COM 829073105 1,590,223 7,596 SH SOLE 0 0 7,596
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105 864,713 11,679 SH SOLE 0 0 11,679
SOLSTICE ADVANCED MATLS INC COM SHS 83443Q103 3,129,529 35,322 SH SOLE 0 0 35,322
SONY GROUP CORP SPONSORED ADR 835699307 733,293 36,555 SH SOLE 0 0 36,555
SPOTIFY TECHNOLOGY S A SHS L8681T102 586,309 1,277 SH SOLE 0 0 1,277
SPROUTS FMRS MKT INC COM 85208M102 1,106,898 13,087 SH SOLE 0 0 13,087
STARBUCKS CORP COM 855244109 20,474,075 200,353 SH SOLE 0 0 200,353
STATE STR SPDR S&P 500 ETF T TR UNIT 78462F103 25,490,994 34,135 SH SOLE 0 0 34,135
STATE STR SPDR S&P MIDCAP 40 UTSER1 S&PDCRP 78467Y107 51,343,820 73,000 SH SOLE 0 0 73,000
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS 874039100 4,844,576 10,144 SH SOLE 0 0 10,144
THERMO FISHER SCIENTIFIC INC COM 883556102 40,499,394 80,779 SH SOLE 0 0 80,779
TOPBUILD COR COM 89055F103 889,161 2,508 SH SOLE 0 0 2,508
TOYOTA MOTOR CORP ADS 892331307 699,111 4,151 SH SOLE 0 0 4,151
TRANSUNION COM 89400J107 2,762,313 38,291 SH SOLE 0 0 38,291
TRIMBLE INC COM 896239100 3,273,575 63,962 SH SOLE 0 0 63,962
TYLER TECHNOLOGIES INC COM 902252105 1,951,586 6,673 SH SOLE 0 0 6,673
UBS GROUP AG SHS H42097107 1,279,391 25,815 SH SOLE 0 0 25,815
ULTA BEAUTY INC COM 90384S303 1,173,450 2,602 SH SOLE 0 0 2,602
UNILEVER PLC SPON ADR NEW 904767803 422,704 7,031 SH SOLE 0 0 7,031
UNION PAC CORP COM 907818108 45,063,016 165,673 SH SOLE 0 0 165,673
UNIQURE NV SHS N90064101 489,940 10,637 SH SOLE 0 0 10,637
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 49,648,089 592,813 SH SOLE 0 0 592,813
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 8,953,500 150,000 SH SOLE 0 0 150,000
VANGUARD SCOTTSDALE FDS VNG RUS2000IDX 92206C664 70,672,511 582,050 SH SOLE 0 0 582,050
VERIZON COMMUNICATIONS INC COM 92343V104 2,117,000 50,000 SH SOLE 0 0 50,000
VERTIV HOLDINGS CO COM CL A 92537N108 36,830,200 110,000 SH SOLE 0 0 110,000
VISA INC COM CL A 92826C839 23,833,433 69,467 SH SOLE 0 0 69,467
WALMART INC COM 931142103 66,527,230 587,385 SH SOLE 0 0 587,385
WEX INC COM 96208T104 1,885,245 13,362 SH SOLE 0 0 13,362
YUM CHINA HLDGS INC COM 98850P109 475,769 11,674 SH SOLE 0 0 11,674