Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| INVESCO QQQ TR(Put) | 0 | 1,720,000 | +1,720,000 | 0 | 1,056,613 | — | +1,056,613 |
| MARKEL GROUP INC(MKL) | 382,732 | 427,882 | +45,150 | 731,539 | 919,797 | 3.96% | +188,258 |
| BROWN & BROWN INC(BRO) | 0 | 9,434,802 | +9,434,802 | 0 | 751,954 | 3.24% | +751,954 |
| C H ROBINSON WORLDWIDE INC(CHRW) | 0 | 1,127,837 | +1,127,837 | 0 | 181,311 | 0.78% | +181,311 |
| ROBINHOOD MKTS INC(HOOD)(Put) | 0 | 1,032,000 | +1,032,000 | 0 | 116,719 | — | +116,719 |
| THERMO FISHER SCIENTIFIC INC(TMO) | 161,479 | 315,032 | +153,553 | 78,321 | 182,545 | 0.79% | +104,225 |
| NASDAQ INC(NDAQ) | 2,970,652 | 3,752,757 | +782,105 | 262,754 | 364,505 | 1.57% | +101,751 |
| SPOTIFY TECHNOLOGY S A(SPOT) | 0 | 167,366 | +167,366 | 0 | 97,191 | 0.42% | +97,191 |
| PAYCHEX INC(PAYX) | 0 | 5,716,237 | +5,716,237 | 0 | 641,247 | 2.76% | +641,247 |
| ON HLDG AG(ONON) | 0 | 1,873,818 | +1,873,818 | 0 | 87,095 | 0.38% | +87,095 |
| VISA INC(V) | 0 | 745,424 | +745,424 | 0 | 261,428 | 1.13% | +261,428 |
| ASSURANT INC(AIZ) | 0 | 348,607 | +348,607 | 0 | 83,962 | 0.36% | +83,962 |
| FORTIVE CORP(FTV) | 2,656,362 | 3,862,464 | +1,206,102 | 130,135 | 213,247 | 0.92% | +83,111 |
| NIKE INC(NKE) | 0 | 1,236,317 | +1,236,317 | 0 | 78,766 | 0.34% | +78,766 |
| COREWEAVE INC(CRWV)(Put) | 0 | 687,000 | +687,000 | 0 | 49,196 | — | +49,196 |
| OKLO INC(OKLO)(Put) | 0 | 640,600 | +640,600 | 0 | 45,969 | — | +45,969 |
| SALESFORCE INC(CRM)(Call) | 0 | 159,900 | +159,900 | 0 | 42,359 | — | +42,359 |
| BIO-TECHNE CORP(TECH) | 0 | 2,837,142 | +2,837,142 | 0 | 166,852 | 0.72% | +166,852 |
| UNION PAC CORP(UNP) | 0 | 179,275 | +179,275 | 0 | 41,470 | 0.18% | +41,470 |
| VIKING HOLDINGS LTD(VIK) | 0 | 13,906,877 | +13,906,877 | 0 | 993,090 | 4.28% | +993,090 |
| DICKS SPORTING GOODS INC(DKS) | 289,735 | 529,756 | +240,021 | 64,385 | 104,876 | 0.45% | +40,491 |
| ISHARES TR | 0 | 600,269 | +600,269 | 0 | 40,296 | 0.17% | +40,296 |
| SPDR INDEX SHS FDS ST STR PO EX ETF | 0 | 907,211 | +907,211 | 0 | 40,289 | 0.17% | +40,289 |
| VANGUARD STAR FDS | 0 | 533,471 | +533,471 | 0 | 40,245 | 0.17% | +40,245 |
| VANGUARD INTL EQUITY INDEX F | 0 | 546,590 | +546,590 | 0 | 40,207 | 0.17% | +40,207 |
| ISHARES TR CORE MSCI TOTAL | 0 | 474,760 | +474,760 | 0 | 40,184 | 0.17% | +40,184 |
| OWENS CORNING NEW(OC)(Call) | 0 | 348,400 | +348,400 | 0 | 38,989 | — | +38,989 |
| BLOOM ENERGY CORP(Put) | 0 | 441,600 | +441,600 | 0 | 38,371 | — | +38,371 |
| NIKE INC(NKE)(Call) | 0 | 598,000 | +598,000 | 0 | 38,099 | — | +38,099 |
| INTUIT(INTU) | 0 | 207,997 | +207,997 | 0 | 137,781 | 0.59% | +137,781 |
| DESCARTES SYS GROUP INC(DSGX) | 0 | 382,354 | +382,354 | 0 | 33,587 | 0.14% | +33,587 |
| CANADIAN PACIFIC KANSAS CITY(CP) | 3,963,928 | 4,444,219 | +480,291 | 295,286 | 327,622 | 1.41% | +32,336 |
| AMAZON COM INC(AMZN) | 448,321 | 565,297 | +116,976 | 98,438 | 130,482 | 0.56% | +32,044 |
| MCCORMICK & CO INC(MKC) | 0 | 460,106 | +460,106 | 0 | 31,338 | 0.14% | +31,338 |
| HAMILTON LANE INC(HLNE) | 0 | 219,322 | +219,322 | 0 | 29,457 | 0.13% | +29,457 |
| INTUIT(INTU)(Call) | 0 | 42,400 | +42,400 | 0 | 28,087 | — | +28,087 |
| SIMPSON MFG INC(SSD) | 0 | 159,549 | +159,549 | 0 | 25,762 | 0.11% | +25,762 |
| CAE INC(CAE) | 0 | 7,586,679 | +7,586,679 | 0 | 231,018 | 1.00% | +231,018 |
| MIDDLEBY CORP(MIDD)(Call) | 0 | 171,400 | +171,400 | 0 | 25,482 | — | +25,482 |
| FORTUNE BRANDS INNOVATIONS I(FBIN)(Call) | 0 | 508,600 | +508,600 | 0 | 25,440 | — | +25,440 |
| ISHARES TR CORE MSCI EAFE | 0 | 270,412 | +270,412 | 0 | 24,191 | 0.10% | +24,191 |
| LAMAR ADVERTISING CO NEW(LAMR) | 186,630 | 354,586 | +167,956 | 22,847 | 44,883 | 0.19% | +22,036 |
| SALESFORCE INC(CRM) | 0 | 370,825 | +370,825 | 0 | 98,235 | 0.42% | +98,235 |
| WABTEC(WAB) | 0 | 3,559,419 | +3,559,419 | 0 | 759,758 | 3.28% | +759,758 |
| ROLLINS INC(ROL) | 0 | 1,494,681 | +1,494,681 | 0 | 89,711 | 0.39% | +89,711 |
| CLEAN HARBORS INC(CLH) | 0 | 849,499 | +849,499 | 0 | 199,191 | 0.86% | +199,191 |
| ST JOE CO(JOE) | 1,023,600 | 1,181,452 | +157,852 | 50,648 | 70,143 | 0.30% | +19,495 |
| S&P GLOBAL INC(SPGI) | 0 | 74,946 | +74,946 | 0 | 39,166 | 0.17% | +39,166 |
| STRATEGY INC(MSTR)(Put) | 0 | 90,100 | +90,100 | 0 | 13,691 | — | +13,691 |
| WHITE MTNS INS GROUP LTD COM | 0 | 19,713 | +19,713 | 0 | 40,964 | 0.18% | +40,964 |
| APOLLO GLOBAL MGMT INC(APO) | 0 | 727,557 | +727,557 | 0 | 105,321 | 0.45% | +105,321 |
| BUILDERS FIRSTSOURCE INC(BLDR)(Call) | 0 | 120,100 | +120,100 | 0 | 12,357 | — | +12,357 |
| CSW INDUSTRIALS INC(CSW) | 83,045 | 108,194 | +25,149 | 20,159 | 31,758 | 0.14% | +11,599 |
| MARTIN MARIETTA MATLS INC(MLM) | 1,036,563 | 1,067,530 | +30,967 | 653,325 | 664,708 | 2.87% | +11,383 |
| ALLIANCE LAUNDRY HLDGS INC(ALH) | 0 | 481,916 | +481,916 | 0 | 9,807 | 0.04% | +9,807 |
| ENTEGRIS INC(ENTG)(Call) | 0 | 114,500 | +114,500 | 0 | 9,647 | — | +9,647 |
| VANGUARD INDEX FDS | 0 | 29,726 | +29,726 | 0 | 8,627 | 0.04% | +8,627 |
| CASEYS GEN STORES INC(CASY) | 55,737 | 71,749 | +16,012 | 31,509 | 39,656 | 0.17% | +8,147 |
| LYONDELLBASELL INDUSTRIES N SHS - A - | 0 | 187,677 | +187,677 | 0 | 8,126 | 0.04% | +8,126 |
| HUNTSMAN CORP(HUN) | 0 | 772,685 | +772,685 | 0 | 7,727 | 0.03% | +7,727 |
| MESA LABS INC | 0 | 206,435 | +206,435 | 0 | 16,205 | 0.07% | +16,205 |
| DOW INC(DOW) | 0 | 324,082 | +324,082 | 0 | 7,577 | 0.03% | +7,577 |
| MEDLINE INC(MDLN) | 0 | 170,000 | +170,000 | 0 | 7,140 | 0.03% | +7,140 |
| CASELLA WASTE SYS INC(CWST) | 312,780 | 374,229 | +61,449 | 29,677 | 36,652 | 0.16% | +6,975 |
| KIRBY CORP(KEX) | 0 | 163,731 | +163,731 | 0 | 18,040 | 0.08% | +18,040 |
| AMERICAN CENTY ETF TR | 0 | 96,535 | +96,535 | 0 | 6,290 | 0.03% | +6,290 |
| CHEFS WHSE INC(CHEF) | 433,787 | 502,188 | +68,401 | 25,303 | 31,301 | 0.13% | +5,999 |
| ESCO TECHNOLOGIES INC(ESE) | 0 | 29,629 | +29,629 | 0 | 5,789 | 0.02% | +5,789 |
| WESTLAKE CORPORATION(WLK) | 0 | 74,997 | +74,997 | 0 | 5,545 | 0.02% | +5,545 |
| ZURN ELKAY WATER SOLNS CORP(ZWS) | 294,840 | 404,805 | +109,965 | 13,866 | 18,819 | 0.08% | +4,953 |
| NIQ GLOBAL INTELLIGENCE PLC(NIQ) | 1,689,467 | 1,903,982 | +214,515 | 26,525 | 31,397 | 0.14% | +4,872 |
| CORPAY INC(CPAY) | 0 | 1,121,925 | +1,121,925 | 0 | 337,621 | 1.46% | +337,621 |
| NEPTUNE INS HLDGS INC(NP) | 0 | 140,961 | +140,961 | 0 | 4,110 | 0.02% | +4,110 |
| VERRA MOBILITY CORP | 500,906 | 729,528 | +228,622 | 12,372 | 16,349 | 0.07% | +3,976 |
| BADGER METER INC | 83,186 | 107,870 | +24,684 | 14,855 | 18,814 | 0.08% | +3,958 |
| FRANKLIN ELEC INC(FELE) | 141,715 | 180,821 | +39,106 | 13,491 | 17,274 | 0.07% | +3,783 |
| ON HLDG AG(ONON)(Call) | 1,066,000 | 1,051,700 | -14,300 | 45,145 | 48,883 | — | +3,738 |
| KADANT INC(KAI) | 60,843 | 76,175 | +15,332 | 18,106 | 21,711 | 0.09% | +3,606 |
| GOOSEHEAD INS INC(GSHD) | 65,839 | 112,809 | +46,970 | 4,900 | 8,308 | 0.04% | +3,409 |
| PERIMETER SOLUTIONS INC(PRM) | 0 | 102,072 | +102,072 | 0 | 2,810 | 0.01% | +2,810 |
| ARCOSA INC | 104,702 | 118,082 | +13,380 | 9,812 | 12,554 | 0.05% | +2,743 |
| CADRE HLDGS INC(CDRE) | 733,852 | 719,024 | -14,828 | 26,793 | 29,365 | 0.13% | +2,572 |
| OUTFRONT MEDIA INC(OUT) | 0 | 452,806 | +452,806 | 0 | 10,913 | 0.05% | +10,913 |
| BOOT BARN HLDGS INC | 86,366 | 94,981 | +8,615 | 14,313 | 16,761 | 0.07% | +2,449 |
| CINCINNATI FINL CORP(CINF) | 0 | 151,908 | +151,908 | 0 | 24,810 | 0.11% | +24,810 |
| LABCORP HOLDINGS INC(LH) | 0 | 2,110,779 | +2,110,779 | 0 | 529,552 | 2.28% | +529,552 |
| GLOBALFOUNDRIES INC(GFS) | 69,800 | 119,027 | +49,227 | 2,502 | 4,156 | 0.02% | +1,655 |
| V F CORP(VFC)(Call) | 256,200 | 277,400 | +21,200 | 3,697 | 5,015 | — | +1,318 |
| MOODYS CORP(MCO) | 0 | 51,267 | +51,267 | 0 | 26,190 | 0.11% | +26,190 |
| ISHARES TR | 858 | 11,633 | +10,775 | 83 | 1,120 | 0.00% | +1,037 |
| BLACKLINE INC(BL) | 267,022 | 274,540 | +7,518 | 14,179 | 15,179 | 0.07% | +1,000 |
| ALARM COM HLDGS INC | 312,109 | 344,031 | +31,922 | 16,567 | 17,552 | 0.08% | +986 |
| ELI LILLY & CO(LLY)(Put) | 0 | 3,300 | +3,300 | 0 | 3,546 | — | +3,546 |
| GE AEROSPACE(GE) | 38,648 | 39,205 | +557 | 11,626 | 12,076 | 0.05% | +450 |
| ISHARES TR | 0 | 1,251 | +1,251 | 0 | 308 | 0.00% | +308 |
| INTEL CORP(INTC) | 176,381 | 167,817 | -8,564 | 5,918 | 6,192 | 0.03% | +275 |
| WAYSTAR HLDG CORP(WAY) | 545,413 | 634,610 | +89,197 | 20,682 | 20,783 | 0.09% | +101 |
| LAUDER ESTEE COS INC(EL) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| POLARIS INC(PII) | 545,177 | 500,028 | -45,149 | 31,691 | 31,627 | 0.14% | -64 |
| THOMSON REUTERS CORP(TRI) | 0 | 0 | 0 | 0 | 0 | — | 0 |