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 Labs COM 002824100 1,044,417 11,510 SH SOLE 11,510 0 0
AbbVie Inc COM 00287Y109 3,122,852 12,410 SH SOLE 12,410 0 0
Alphabet Inc Cl A COM 02079K305 3,971,810 11,114 SH SOLE 8,609 0 2,505
Alphabet Inc Cl C COM 02079K107 1,076,977,046 3,048,077 SH SOLE 2,960,744 0 87,333
Altria Group Inc COM 02209S103 10,692,017 148,603 SH SOLE 148,603 0 0
Amazon.com Inc COM 023135106 223,086 936 SH SOLE 936 0 0
American Express COM 025816109 1,733,531 5,125 SH SOLE 4,562 0 563
Apple Inc COM 037833100 1,331,345 4,601 SH SOLE 3,851 0 750
Berkshire Hathaway Inc Cl A COM 084670108 1,072,353,200 1,432 SH SOLE 1,348 0 84
Berkshire Hathaway Inc Cl B COM 084670702 540,102,952 1,079,364 SH SOLE 1,035,157 0 44,207
Brown-Forman Corp Cl A COM 115637100 43,716,215 1,597,815 SH SOLE 1,567,629 0 30,186
Brown-Forman Corp Cl B COM 115637209 17,036,864 639,282 SH SOLE 589,125 0 50,157
Caterpillar Inc COM 149123101 282,199 265 SH SOLE 265 0 0
Chevron Corp COM 166764100 409,427 2,470 SH SOLE 2,470 0 0
Coca-Cola COM 191216100 1,003,685 12,350 SH SOLE 12,350 0 0
Comcast Corp New Cl A COM 20030N101 53,854,350 2,193,660 SH SOLE 2,098,777 0 94,883
Costco Whsl Corp COM 22160K105 3,179,709 3,399 SH SOLE 3,274 0 125
Crane Company COM 224408104 9,801,027 43,937 SH SOLE 40,235 0 3,702
Disney Walt Productions COM 254687106 239,858 2,492 SH SOLE 2,474 0 18
Doordash Inc Cl A COM 25809K105 218,871,771 1,186,104 SH SOLE 1,155,361 0 30,743
Dover Corp COM 260003108 4,227,902 18,851 SH SOLE 15,901 0 2,950
Exxon Mobil Corp COM 30233Q108 24,773,668 181,200 SH SOLE 179,600 0 1,600
FB Bancorp Inc COM 31425A109 753,000 50,000 SH SOLE 50,000 0 0
Fulton Finl Corp COM 360271100 1,070,408 44,250 SH SOLE 5,450 0 38,800
Herc Holdings Inc COM 42704l104 924,543 6,450 SH SOLE 6,450 0 0
Hormel Foods Corp COM 440452100 459,170 18,500 SH SOLE 13,000 0 5,500
J.P. Morgan Chase COM 46625H100 8,091,270 24,719 SH SOLE 23,828 0 891
JBT Marel Corp COM 477839104 1,051,250 7,250 SH SOLE 7,250 0 0
Johnson & Johnson COM 478160104 282,415 1,112 SH SOLE 1,112 0 0
Lamar Advertising Co-A COM 512816109 837,301 5,368 SH SOLE 5,368 0 0
Levi Strauss & Co Cl A COM 52736r102 2,078,892 83,725 SH SOLE 83,725 0 0
Markel Corp COM 570535104 8,329,588 4,265 SH SOLE 3,540 0 725
Martin Marietta Materials COM 573284106 406,784,959 705,367 SH SOLE 670,804 0 34,563
Mastercard Inc Cl A COM 57636Q104 781,901,965 1,522,395 SH SOLE 1,454,731 0 67,663
McCormick Inc COM 579780206 1,915,002 37,981 SH SOLE 34,381 0 3,600
McDonalds Corp COM 580135101 255,984 947 SH SOLE 947 0 0
Merck Inc COM 58933Y105 211,006 1,642 SH SOLE 1,642 0 0
Microsoft Corp COM 594918104 1,336,904 3,584 SH SOLE 3,209 0 375
Nestle SA Sponsored ADR COM 641069406 545,786,866 5,314,898 SH SOLE 5,125,798 0 189,099
Netflix Inc COM 64110L106 407,700,283 5,710,088 SH SOLE 5,554,723 0 155,365
Oracle Corp COM 68389X105 397,883 2,715 SH SOLE 2,715 0 0
Outfront Media Inc COM 69007J304 445,143 13,588 SH SOLE 13,588 0 0
Pepsico Inc COM 713448108 1,234,218 9,115 SH SOLE 9,115 0 0
Philip Morris International In COM 718172109 819,675,318 4,530,846 SH SOLE 4,375,809 0 155,037
Procter & Gamble COM 742718109 961,079 6,554 SH SOLE 5,938 0 616
Sunbelt Rentals Holdings Inc COM 866966104 441,216,288 5,897,825 SH SOLE 5,735,746 0 162,079
Uber Technologies Inc COM 90353T100 366,862,522 5,084,015 SH SOLE 4,926,841 0 157,174
Union Pac Corp COM 907818108 7,028,631 25,841 SH SOLE 25,841 0 0
Unum Group COM 91529Y106 311,559 3,485 SH SOLE 3,485 0 0
Visa Inc Cl A COM 92826C839 29,936,661 87,256 SH SOLE 78,102 0 9,154
Vulcan Materials COM 929160109 2,142,658 7,263 SH SOLE 6,832 0 431
Wal Mart Stores Inc COM 931142103 958,746 8,465 SH SOLE 8,465 0 0
Warby Parker Inc Cl A COM 93403j106 2,427,200 80,000 SH SOLE 80,000 0 0
Wells Fargo COM 949746101 615,762 7,451 SH SOLE 7,451 0 0
Yeti Holdings Inc COM 98585x104 1,189,440 24,000 SH SOLE 24,000 0 0
ALK Abello A/S COM k03294137 1,979,596 53,000 SH SOLE 53,000 0 0
Anheuser-Busch InBev SA COM B639CJ108 14,229,766 171,294 SH SOLE 160,186 0 11,108
Carlsberg B A/S COM K36628137 1,328,184 10,135 SH SOLE 9,670 0 465
Cofide SPA COM T19404101 199,642 251,250 SH SOLE 251,250 0 0
Compagnie Financiere Richemont COM H25662182 773,661,807 3,345,346 SH SOLE 3,229,801 0 115,545
Davide Campari-Milano NV COM N24565108 1,214,895 195,048 SH SOLE 187,423 0 7,625
De'Longhi COM t3508h102 1,813,134 42,700 SH SOLE 42,700 0 0
Demant A/S COM k3008m105 1,681,890 41,000 SH SOLE 41,000 0 0
Electrolux Professional COM w2457w116 1,006,442 230,000 SH SOLE 230,000 0 0
Eurofins Scientific COM L31839134 320,909,414 4,094,034 SH SOLE 3,977,113 0 116,921
Fielmann COM d2617n114 1,614,797 33,000 SH SOLE 33,000 0 0
Fluidra COM e52619108 1,584,614 70,000 SH SOLE 70,000 0 0
H&M COM w41422101 1,102,359 64,000 SH SOLE 64,000 0 0
Hanjaya Mandala Sampoerna COM Y7121Z146 187,360 5,000,000 SH SOLE 5,000,000 0 0
Heineken Holding NV COM N39338194 679,639,647 8,905,683 SH SOLE 8,660,621 0 245,062
Heineken NV COM N39427211 1,273,226 15,131 SH SOLE 12,231 0 2,900
Kalmar Oyj B COM x4s8se108 1,207,954 27,500 SH SOLE 27,500 0 0
Konecranes COM x4550j108 1,613,425 52,500 SH SOLE 52,500 0 0
Lindt & Spruengli AG - Reg COM H49983176 1,785,161 15 SH SOLE 15 0 0
Loreal SA COM F58149133 1,625,113 3,705 SH SOLE 3,705 0 0
Lotus Bakeries COM b5783h102 1,527,792 115 SH SOLE 115 0 0
LT Group Inc COM Y5342M100 431,530 1,775,000 SH SOLE 1,775,000 0 0
Nestle SA-REG COM H57312649 1,146,322 11,130 SH SOLE 11,130 0 0
Pernod Ricard COM F72027109 171,675,469 2,351,360 SH SOLE 2,295,219 0 56,141
Puig Brands COM e8s64t107 1,254,017 68,000 SH SOLE 68,000 0 0
Rational AG COM d6349p107 1,611,024 2,200 SH SOLE 2,200 0 0
SSP Group COM g8402n125 1,743,874 700,000 SH SOLE 700,000 0 0
Sunbelt Rentals Holdings ORD COM crest6610 1,326,006 18,178 SH SOLE 18,178 0 0
Zalando SE COM d98423102 812,155 28,000 SH SOLE 28,000 0 0
Total Return Securities Fund COM 870875101 580,140 97,667 SH SOLE 97,667 0 0