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
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 183 1 SH SOLE 1 1 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 29,228,995 159,399 SH DFND 1 159,399 0 0
ACUITY INC COM 00508Y102 3,020,648 9,750 SH DFND 1 9,750 0 0
AIR PRODUCTS AND CHEMICALS I COM 009158106 25,805,833 92,750 SH DFND 1 92,750 0 0
AIRBNB INC COM CL A 009066101 11,784,482 73,355 SH DFND 1 73,355 0 0
ALLSTATE CORP COM 020002101 34,288,463 154,550 SH DFND 1 154,550 0 0
ALPHABET INC CAP STK CL C 02079K107 92,200,837 270,590 SH SOLE 1 270,590 0 0
ALPHABET INC CAP STK CL A 02079K305 178,912,998 519,975 SH DFND 1 519,975 0 0
ALPHABET INC CAP STK CL C 02079K107 844,786,460 2,479,270 SH DFND 1 2,479,270 0 0
AMAZON COM INC COM 023135106 28,001,221 112,387 SH SOLE 1 112,387 0 0
AMAZON COM INC COM 023135106 477,962,634 1,918,373 SH DFND 1 1,918,373 0 0
AMERICAN EXPRESS CO COM 025816109 3,041,000 10,000 SH SOLE 1 10,000 0 0
AMERICAN EXPRESS CO COM 025816109 146,104,846 480,450 SH DFND 1 480,450 0 0
ANALOG DEVICES INC COM 032654105 3,967,100 10,000 SH SOLE 1 10,000 0 0
ANALOG DEVICES INC COM 032654105 392,612,381 989,671 SH DFND 1 989,671 0 0
AON PLC SHS CL A G0403H108 415,155 1,500 SH SOLE 1 1,500 0 0
AON PLC SHS CL A G0403H108 37,170,212 134,300 SH DFND 1 134,300 0 0
APOLLO GLOBAL MGMT INC COM 03769M106 2,611,350 22,500 SH SOLE 1 22,500 0 0
APOLLO GLOBAL MGMT INC COM 03769M106 114,899,400 990,000 SH DFND 1 990,000 0 0
APPLE INC COM 037833100 5,288,358 15,880 SH SOLE 1 15,880 0 0
APPLE INC COM 037833100 403,423,758 1,211,410 SH DFND 1 1,211,410 0 0
APPLIED MATLS INC COM 038222105 18,588,663 36,350 SH DFND 1 36,350 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 13,552,309 170,727 SH SOLE 1 170,727 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 105,978,094 1,335,073 SH DFND 1 1,335,073 0 0
BANK OF NY MELLON CORP COM 064058100 18,006,435 124,500 SH DFND 1 124,500 0 0
BERKLEY W R CORP COM 084423102 4,103,056 60,750 SH DFND 1 60,750 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 440,732,950 590 SH SOLE 1 590 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 540,340,484 1,085,130 SH SOLE 1 1,085,130 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 391,430,620 524 SH DFND 1 524 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 222,504,477 446,841 SH DFND 1 446,841 0 0
BLACKROCK INC COM 09290D101 3,344,196 3,160 SH SOLE 1 3,160 0 0
BLACKROCK INC COM 09290D101 229,691,261 217,040 SH DFND 1 217,040 0 0
BLACKSTONE INC COM 09260D107 3,867,105 34,500 SH SOLE 1 34,500 0 0
BLACKSTONE INC COM 09260D107 133,891,505 1,194,500 SH DFND 1 1,194,500 0 0
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105 54,320,730 1,218,500 SH SOLE 1 1,218,500 0 0
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105 42,594,095 955,453 SH DFND 1 955,453 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107 169,398,665 4,646,151 SH SOLE 1 4,646,151 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107 307,265,118 8,427,458 SH DFND 1 8,427,458 0 0
BROWN FORMAN CORP CL A 115637100 4,416,218 164,600 SH SOLE 1 164,600 0 0
BROWN FORMAN CORP CL B 115637209 3,809,480 145,400 SH SOLE 1 145,400 0 0
BROWN FORMAN CORP CL A 115637100 18,201,472 678,400 SH DFND 1 678,400 0 0
BROWN FORMAN CORP CL B 115637209 8,614,219 328,787 SH DFND 1 328,787 0 0
BRUNSWICK CORP COM 117043109 3,292,300 51,250 SH DFND 1 51,250 0 0
CANADIAN NATL RY CO COM 136375102 6,361,150 53,500 SH DFND 1 53,500 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108 6,765,450 79,500 SH DFND 1 79,500 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,448,025 7,500 SH SOLE 1 7,500 0 0
CAPITAL ONE FINL CORP COM 14040H105 16,121,345 83,500 SH DFND 1 83,500 0 0
CARLYLE GROUP INC COM 14316J108 1,764,870 44,500 SH SOLE 1 44,500 0 0
CARLYLE GROUP INC COM 14316J108 50,863,950 1,282,500 SH DFND 1 1,282,500 0 0
CARMAX INC COM 143130102 385,770 7,000 SH SOLE 1 7,000 0 0
CARMAX INC COM 143130102 7,136,745 129,500 SH DFND 1 129,500 0 0
CARRIER GLOBAL CORPORATION COM 14448C104 2,995,356 54,600 SH SOLE 1 54,600 0 0
CARRIER GLOBAL CORPORATION COM 14448C104 10,171,044 185,400 SH DFND 1 185,400 0 0
CATERPILLAR INC COM 149123101 8,108,711 10,001 SH SOLE 1 10,001 0 0
CATERPILLAR INC COM 149123101 258,357,424 318,649 SH DFND 1 318,649 0 0
CBOE GLOBAL MKTS INC COM 12503M108 12,030,174 43,700 SH DFND 1 43,700 0 0
CHIRON REAL ESTATE INC COM NEW 37954A303 751,894 21,631 SH DFND 1 21,631 0 0
CISCO SYS INC COM 17275R102 15,929,240 148,000 SH SOLE 1 148,000 0 0
CISCO SYS INC COM 17275R102 22,333,225 207,500 SH DFND 1 207,500 0 0
CME GROUP INC COM 12572Q105 13,033,505 49,750 SH DFND 1 49,750 0 0
COMCAST CORP NEW CL A 20030N101 2,241,280 103,000 SH SOLE 1 103,000 0 0
COMCAST CORP NEW CL A 20030N101 4,032,868 185,334 SH DFND 1 185,334 0 0
COMFORT SYS USA INC COM 199908104 21,503,170 13,000 SH DFND 1 13,000 0 0
COPART INC COM 217204106 272,800 10,000 SH DFND 1 10,000 0 0
COSTCO WHOLESALE CORPORATION COM 22160K105 30,722,154 33,748 SH DFND 1 33,748 0 0
CROWN HLDGS INC COM 228368106 316,230 3,000 SH SOLE 1 3,000 0 0
CROWN HLDGS INC COM 228368106 22,873,970 217,000 SH DFND 1 217,000 0 0
CSX CORP COM 126408103 27,789,725 597,500 SH DFND 1 597,500 0 0
DEERE & CO COM 244199105 578,305,282 861,150 SH DFND 1 861,150 0 0
DIAGEO PLC SPON ADR NEW 25243Q205 40,356,890 471,459 SH SOLE 1 471,459 0 0
DIAGEO PLC SPON ADR NEW 25243Q205 77,104,114 900,749 SH DFND 1 900,749 0 0
DISNEY WALT CO COM 254687106 36,965,396 352,387 SH SOLE 1 352,387 0 0
DISNEY WALT CO COM 254687106 176,943,013 1,686,778 SH DFND 1 1,686,778 0 0
DOLLAR GEN CORP COM 256677105 418,530 3,500 SH SOLE 1 3,500 0 0
DOLLAR GEN CORP COM 256677105 103,526,386 865,750 SH DFND 1 865,750 0 0
DOMINOS PIZZA INC COM 25754A201 1,647,855 5,500 SH DFND 1 5,500 0 0
EAGLE MATLS INC COM 26969P108 2,522,545 14,750 SH DFND 1 14,750 0 0
EASTMAN CHEM CO COM 277432100 259,360 4,000 SH SOLE 1 4,000 0 0
EASTMAN CHEM CO COM 277432100 4,600,398 70,950 SH DFND 1 70,950 0 0
ECOLAB INC COM 278865100 6,315,340 23,000 SH SOLE 1 23,000 0 0
ECOLAB INC COM 278865100 69,001,954 251,300 SH DFND 1 251,300 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 21,793,320 612,000 SH DFND 1 612,000 0 0
EQUIFAX INC COM 294429105 9,997,934 72,850 SH DFND 1 72,850 0 0
EXXONMOBIL HOLDINGS ORD COM SHS 30233Q108 9,830,100 60,400 SH DFND 1 60,400 0 0
FACTSET RESH SYS INC COM 303075105 6,208,850 23,000 SH SOLE 1 23,000 0 0
FACTSET RESH SYS INC COM 303075105 30,335,902 112,376 SH DFND 1 112,376 0 0
FERGUSON ENTERPRISES INC COMMON STOCK NEW 31488V107 41,006,604 184,200 SH DFND 1 184,200 0 0
FRANCO NEV CORP COM 351858105 187,392,571 787,000 SH DFND 1 787,000 0 0
GENERAL DYNAMICS CORP COM 369550108 14,600,520 44,000 SH SOLE 1 44,000 0 0
GENERAL DYNAMICS CORP COM 369550108 115,145,011 347,000 SH DFND 1 347,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 12,744,596 14,155 SH SOLE 1 14,155 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 310,808,773 345,205 SH DFND 1 345,205 0 0
GRAHAM HLDGS CO COM CL B 384637104 5,900,284 5,200 SH DFND 1 5,200 0 0
HAGERTY INC CL A COM 405166109 41,833,680 3,108,000 SH SOLE 1 3,108,000 0 0
HANOVER INS GROUP INC COM 410867105 1,284,720 6,000 SH SOLE 1 6,000 0 0
HANOVER INS GROUP INC COM 410867105 58,883,000 275,000 SH DFND 1 275,000 0 0
HCA HEALTHCARE INC COM 40412C101 36,260,952 84,972 SH DFND 1 84,972 0 0
HEICO CORP NEW CL A 422806208 2,786,083 12,202 SH SOLE 1 12,202 0 0
HEICO CORP NEW CL A 422806208 83,898,032 367,442 SH DFND 1 367,442 0 0
HERSHEY CO COM 427866108 11,820,750 75,000 SH DFND 1 75,000 0 0
HEXCEL CORP NEW COM 428291108 3,188,960 38,000 SH SOLE 1 38,000 0 0
HEXCEL CORP NEW COM 428291108 12,671,920 151,000 SH DFND 1 151,000 0 0
HOME DEPOT INC COM 437076102 70,607,858 248,191 SH SOLE 1 248,191 0 0
HOME DEPOT INC COM 437076102 194,536,823 683,809 SH DFND 1 683,809 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 7,344,425 27,500 SH DFND 1 27,500 0 0
ILLINOIS TOOL WKS INC COM 452308109 4,335,425 16,851 SH SOLE 1 16,851 0 0
ILLINOIS TOOL WKS INC COM 452308109 79,923,774 310,649 SH DFND 1 310,649 0 0
INSPERITY INC COM 45778Q107 8,448,445 181,336 SH DFND 1 181,336 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 4,389,107 28,870 SH DFND 1 28,870 0 0
INVESTORS TITLE CO NC COM 461804106 60,342,570 213,300 SH DFND 1 213,300 0 0
IQVIA HLDGS INC COM 46266C105 12,609,065 46,900 SH DFND 1 46,900 0 0
JOHNSON & JOHNSON COM 478160104 7,072,529 26,715 SH SOLE 1 26,715 0 0
JOHNSON & JOHNSON COM 478160104 154,630,662 584,085 SH DFND 1 584,085 0 0
JPMORGAN CHASE & CO COM 46625H100 83,551,117 252,550 SH DFND 1 252,550 0 0
KKR & CO INC COM 48251W104 1,643,400 18,000 SH SOLE 1 18,000 0 0
KKR & CO INC COM 48251W104 130,905,940 1,433,800 SH DFND 1 1,433,800 0 0
LAMAR ADVERTISING CO CL A 512816109 27,813,230 193,000 SH DFND 1 193,000 0 0
LINDE PLC SHS G54950103 3,512,410 7,400 SH SOLE 1 7,400 0 0
LINDE PLC SHS G54950103 101,195,382 213,200 SH DFND 1 213,200 0 0
LOCKHEED MARTIN CORP COM 539830109 33,209,721 65,213 SH DFND 1 65,213 0 0
LOWES COS INC COM 548661107 2,929,842 15,898 SH SOLE 1 15,898 0 0
LOWES COS INC COM 548661107 137,403,307 745,582 SH DFND 1 745,582 0 0
LPL FINL HLDGS INC COM 50212V100 699,976 2,289 SH SOLE 1 2,289 0 0
LPL FINL HLDGS INC COM 50212V100 172,423,189 563,843 SH DFND 1 563,843 0 0
MARRIOTT INTL INC NEW CL A 571903202 35,478,084 99,750 SH DFND 1 99,750 0 0
MARSH & MCLENNAN COS INC COM 571748102 3,499,965 20,500 SH SOLE 1 20,500 0 0
MARSH & MCLENNAN COS INC COM 571748102 126,852,392 743,000 SH DFND 1 743,000 0 0
MASTERCARD INCORPORATED CL A 57636Q104 11,020,576 19,984 SH SOLE 1 19,984 0 0
MASTERCARD INCORPORATED CL A 57636Q104 103,431,508 187,556 SH DFND 1 187,556 0 0
MERCADOLIBRE INC COM 58733R102 41,830,427 24,200 SH DFND 1 24,200 0 0
META PLATFORMS INC CL A 30303M102 13,495,600 18,610 SH SOLE 1 18,610 0 0
META PLATFORMS INC CL A 30303M102 138,185,225 190,553 SH DFND 1 190,553 0 0
MGM RESORTS INTERNATIONAL COM 552953101 2,716,875 87,500 SH DFND 1 87,500 0 0
MICROSOFT CORP COM 594918104 12,114,185 23,619 SH SOLE 1 23,619 0 0
MICROSOFT CORP COM 594918104 263,636,243 514,011 SH DFND 1 514,011 0 0
MOBILITY GLOBAL INC COM SHS 60744M106 17,150 1,000 SH SOLE 1 1,000 0 0
MOBILITY GLOBAL INC COM SHS 60744M106 2,001,234 116,690 SH DFND 1 116,690 0 0
MOODYS CORP COM 615369105 9,580,326 21,096 SH SOLE 1 21,096 0 0
MOODYS CORP COM 615369105 87,553,541 192,794 SH DFND 1 192,794 0 0
MSCI INC COM 55354G100 538,660 1,000 SH SOLE 1 1,000 0 0
MSCI INC COM 55354G100 76,408,921 141,850 SH DFND 1 141,850 0 0
NETFLIX INC. COM 64110L106 4,696,650 67,500 SH DFND 1 67,500 0 0
NIKE INC CL B 654106103 1,628,400 46,000 SH SOLE 1 46,000 0 0
NIKE INC CL B 654106103 14,209,560 401,400 SH DFND 1 401,400 0 0
NORFOLK SOUTHN CORP COM 655844108 4,434,150 14,350 SH SOLE 1 14,350 0 0
NORFOLK SOUTHN CORP COM 655844108 82,858,350 268,150 SH DFND 1 268,150 0 0
NOVO-NORDISK A S ADR 670100205 45,182,654 1,191,840 SH SOLE 1 1,191,840 0 0
NOVO-NORDISK A S ADR 670100205 63,610,477 1,677,934 SH DFND 1 1,677,934 0 0
NVR INC COM 62944T105 1,077,018 175 SH SOLE 1 175 0 0
NVR INC COM 62944T105 73,803,445 11,992 SH DFND 1 11,992 0 0
OLD DOMINION FREIGHT LINE IN COM 679580100 1,043,040 6,000 SH SOLE 1 6,000 0 0
OLD DOMINION FREIGHT LINE IN COM 679580100 73,560,396 423,150 SH DFND 1 423,150 0 0
OTIS WORLDWIDE CORP COM 68902V107 1,755,936 27,300 SH SOLE 1 27,300 0 0
OTIS WORLDWIDE CORP COM 68902V107 7,610,342 118,320 SH DFND 1 118,320 0 0
PAYCHEX INC COM 704326107 6,895,000 70,000 SH SOLE 1 70,000 0 0
PAYCHEX INC COM 704326107 7,880,000 80,000 SH DFND 1 80,000 0 0
PEPSICO INC COM 713448108 12,191,731 96,210 SH DFND 1 96,210 0 0
PHILIP MORRIS INTL INC COM 718172109 21,848,891 114,500 SH DFND 1 114,500 0 0
PRICE T ROWE GROUP INC COM 74144T108 3,329,600 32,000 SH SOLE 1 32,000 0 0
PRICE T ROWE GROUP INC COM 74144T108 29,342,101 282,000 SH DFND 1 282,000 0 0
PROGRESSIVE CORP COM 743315103 2,602,777 12,555 SH SOLE 1 12,555 0 0
PROGRESSIVE CORP COM 743315103 153,657,136 741,195 SH DFND 1 741,195 0 0
RENAISSANCERE HLDGS LTD COM G7496G103 954,690 3,000 SH SOLE 1 3,000 0 0
RENAISSANCERE HLDGS LTD COM G7496G103 21,321,410 67,000 SH DFND 1 67,000 0 0
RLI CORP COM 749607107 10,672,065 192,950 SH SOLE 1 192,950 0 0
RLI CORP COM 749607107 123,284,441 2,228,972 SH DFND 1 2,228,972 0 0
ROCKWELL AUTOMATION INC COM 773903109 3,439,107 7,900 SH SOLE 1 7,900 0 0
ROCKWELL AUTOMATION INC COM 773903109 63,993,510 147,000 SH DFND 1 147,000 0 0
ROLLINS INC COM 775711104 1,881,747 62,475 SH SOLE 1 62,475 0 0
ROLLINS INC COM 775711104 45,738,726 1,518,550 SH DFND 1 1,518,550 0 0
RTX CORPORATION COM 75513E101 10,136,490 54,600 SH SOLE 1 54,600 0 0
RTX CORPORATION COM 75513E101 31,449,110 169,400 SH DFND 1 169,400 0 0
S&P GLOBAL INC COM 78409V104 394,470 1,000 SH SOLE 1 1,000 0 0
S&P GLOBAL INC COM 78409V104 46,030,704 116,690 SH DFND 1 116,690 0 0
SCHWAB CHARLES CORP COM 808513105 3,418,457 34,975 SH SOLE 1 34,975 0 0
SCHWAB CHARLES CORP COM 808513105 132,909,295 1,359,825 SH DFND 1 1,359,825 0 0
SEI INVTS CO COM 784117103 6,056,940 59,000 SH SOLE 1 59,000 0 0
SEI INVTS CO COM 784117103 11,723,772 114,200 SH DFND 1 114,200 0 0
SHERWIN WILLIAMS CO COM 824348106 30,442,983 94,172 SH DFND 1 94,172 0 0
SHOPIFY INC CL A SUB VTG SHS 82509L107 15,237,825 102,750 SH DFND 1 102,750 0 0
SILICON LABORATORIES INC COM 826919102 1,837,341 8,292 SH DFND 1 8,292 0 0
SITEONE LANDSCAPE SUPPLY INC COM 82982L103 718,506 7,956 SH DFND 1 7,956 0 0
SONY GROUP CORP SPONSORED ADR 835699307 7,882,550 335,000 SH DFND 1 335,000 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 12,623,142 25,900 SH DFND 1 25,900 0 0
STARBUCKS CORP COM 855244109 3,805,380 40,500 SH SOLE 1 40,500 0 0
STARBUCKS CORP COM 855244109 54,808,559 583,318 SH DFND 1 583,318 0 0
SUNBELT RENTALS HOLDINGS INC SHS 866966104 71,980,585 983,207 SH DFND 1 983,207 0 0
SYSCO CORP COM 871829107 2,377,780 30,500 SH DFND 1 30,500 0 0
TEXAS INSTRS INC COM 882508104 280 1 SH SOLE 1 1 0 0
TEXAS INSTRS INC COM 882508104 202,784,879 723,999 SH DFND 1 723,999 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 50,021,207 74,100 SH DFND 1 74,100 0 0
TOAST INC CL A 888787108 782,730 27,000 SH DFND 1 27,000 0 0
TYLER TECHNOLOGIES INC COM 902252105 1,720,440 5,400 SH DFND 1 5,400 0 0
TYSON FOODS INC CL A 902494103 505,300 10,000 SH SOLE 1 10,000 0 0
TYSON FOODS INC CL A 902494103 45,653,855 903,500 SH DFND 1 903,500 0 0
UBER TECHNOLOGIES INC COM 90353T100 9,762,675 142,500 SH DFND 1 142,500 0 0
UFP INDUSTRIES INC COM 90278Q108 1,081,080 14,000 SH DFND 1 14,000 0 0
UNION PAC CORP COM 907818108 3,020,643 11,100 SH SOLE 1 11,100 0 0
UNION PAC CORP COM 907818108 42,160,558 154,928 SH DFND 1 154,928 0 0
UNITED RENTALS INC COM 911363109 31,174,297 31,150 SH DFND 1 31,150 0 0
VALVOLINE INC COM 92047W101 1,017,526 33,760 SH DFND 1 33,760 0 0
VERISK ANALYTICS INC COM 92345Y106 419,625 2,500 SH SOLE 1 2,500 0 0
VERISK ANALYTICS INC COM 92345Y106 25,756,583 153,450 SH DFND 1 153,450 0 0
VISA INC COM CL A 92826C839 17,641,306 49,095 SH SOLE 1 49,095 0 0
VISA INC COM CL A 92826C839 346,687,693 964,817 SH DFND 1 964,817 0 0
VISTA GOLD CORP COM NEW 927926303 1,666,650 615,000 SH DFND 1 615,000 0 0
VULCAN MATLS CO COM 929160109 234,356 958 SH DFND 1 958 0 0
WATSCO INC COM 942622200 12,591,904 41,600 SH SOLE 1 41,600 0 0
WATSCO INC COM 942622200 175,986,994 581,410 SH DFND 1 581,410 0 0
WATTS WATER TECHNOLOGIES INC CL A 942749102 1,196,066 3,377 SH DFND 1 3,377 0 0
WELLS FARGO & CO COM 949746101 2,561,600 32,000 SH SOLE 1 32,000 0 0
WELLS FARGO & CO COM 949746101 13,804,623 172,450 SH DFND 1 172,450 0 0
WEYERHAEUSER CO COM NEW 962166104 3,848,100 202,000 SH DFND 1 202,000 0 0
WILLSCOT HLDGS CORP COM CL A 971378104 1,546,200 90,000 SH DFND 1 90,000 0 0
XPEL INC COM 98379L100 921,916 20,872 SH DFND 1 20,872 0 0
XPO INC COM 983793100 1,526,451 8,674 SH DFND 1 8,674 0 0
XYLEM INC COM 98419M100 1,243,899 12,283 SH DFND 1 12,283 0 0
YUM BRANDS INC COM 988498101 19,368,324 142,059 SH DFND 1 142,059 0 0
ZEBRA TECHNOLOGIES CORPORATI CL A 989207105 2,351,853 6,300 SH DFND 1 6,300 0 0
ZOETIS INC CL A 98978V103 29,698,420 425,296 SH DFND 1 425,296 0 0