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
OREILLY AUTOMOTIVE INC COM 67103H107 16,194,676 189,611 SH SOLE 0 0 189,611
VISA INC COM CL A 92826C839 12,605,296 35,080 SH SOLE 0 0 35,080
PALVELLA THERAPEUTICS INC NE COM 697947109 11,863,635 86,012 SH SOLE 0 0 86,012
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 10,471,391 21,029 SH SOLE 0 0 21,029
ALPHABET INC CAP STK CL A 02079K305 10,216,767 29,693 SH SOLE 0 0 29,693
HILTON WORLDWIDE HLDGS INC COM 43300A203 10,207,516 32,087 SH SOLE 0 0 32,087
AUTOZONE INC COM 053332102 7,199,571 2,544 SH SOLE 0 0 2,544
MEDLINE INC COM CL A 58507V107 6,816,572 196,443 SH SOLE 0 0 196,443
FERGUSON ENTERPRISES INC COMMON STOCK NEW 31488V107 6,722,679 30,198 SH SOLE 0 0 30,198
S&P GLOBAL INC COM 78409V104 6,388,442 16,195 SH SOLE 0 0 16,195
LINDE PLC SHS G54950103 5,845,315 12,315 SH SOLE 0 0 12,315
SHERWIN WILLIAMS CO COM 824348106 5,321,994 16,463 SH SOLE 0 0 16,463
COPART INC COM 217204106 4,524,033 165,837 SH SOLE 0 0 165,837
GALLAGHER ARTHUR J & CO COM 363576109 4,049,865 17,754 SH SOLE 0 0 17,754
SPDR SERIES TRUST ST STR BLO 1 ETF 78468R663 613,530 6,695 SH SOLE 0 0 6,695