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
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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Fidelity Investments Money Mar MFUND 31607A703   101,195 101,195 SH   SOLE   101,195 0 0
A. O. Smith Corp. COM 831865209   18,018,518 264,162 SH   SOLE   263,461 0 701
Aberdeen Standard Physical Pla COM 003260106   201,064 2,421 SH   SOLE   2,391 0 30
abrdn Physical Silver Shares E COM 003264108   2,684,684 97,377 SH   SOLE   97,377 0 0
Accenture plc COM G1151C101   1,136,633 3,231 SH   SOLE   3,127 0 104
AerCap Holdings N.V. COM N00985106   1,080,070 11,286 SH   SOLE   10,921 0 365
AGNC Investment Corp. COM 00123q104   18,033 1,958 SH   SOLE   1,958 0 0
AGNC Investment Corp. COM 00123q104   368,400 40,000 SH   DFND 1 0 40,000 0
Agnico Eagle Mines Ltd. COM 008474108   1,596,115 20,408 SH   SOLE   19,980 0 428
Air Products and Chemicals Inc COM 009158106   26,252,935 90,515 SH   SOLE   90,321 0 194
Alcoa Corp. COM 013872106   528,882 13,999 SH   SOLE   13,720 0 279
Alibaba Group Holding Ltd. COM 01609W102   205,616 2,425 SH   SOLE   2,425 0 0
Alphabet Inc. COM 02079K107   54,830,150 287,913 SH   SOLE   287,315 0 598
Altus Group Ltd. COM 02215R107   2,517,569 64,719 SH   SOLE   64,719 0 0
Altus Group Ltd. COM 02215R107   665,929 17,119 SH   DFND 1 0 17,119 0
American Express Co. COM 025816109   712,296 2,400 SH   SOLE   2,400 0 0
American Outdoor Brands Inc. COM 02875D109   2,336,985 153,345 SH   SOLE   153,345 0 0
American Outdoor Brands Inc. COM 02875D109   579,928 38,053 SH   DFND 1 0 38,053 0
American Water Works Co. Inc. COM 030420103   66,868,339 537,138 SH   SOLE   535,146 0 1,992
Ameriprise Financial Inc. COM 03076C106   255,566 480 SH   SOLE   480 0 0
Amphenol Corp. COM 032095101   25,154,259 362,192 SH   SOLE   361,275 0 917
Amplify Cyber Security ETF COM 032108664   4,418,821 59,321 SH   SOLE   59,321 0 0
Analog Devices Inc. COM 032654105   136,821,393 643,987 SH   SOLE   641,617 0 2,370
Annaly Capital Management Inc. COM 035710839   11,858 648 SH   SOLE   648 0 0
Annaly Capital Management Inc. COM 035710839   1,098,000 60,000 SH   DFND 1 0 60,000 0
Antero Resources Corp. COM 03674X106   743,726 21,219 SH   SOLE   20,965 0 254
Antofagasta plc COM G0398N128   580,833 27,593 SH   SOLE   27,253 0 340
Arcos Dorados Holdings Inc. COM G0457F107   116,786 16,042 SH   SOLE   16,042 0 0
Ares Capital Corp. COM 04010L103   78,983,957 3,608,221 SH   SOLE   3,593,576 0 14,645
Ares Capital Corp. COM 04010L103   4,487,450 205,000 SH   DFND 1 0 205,000 0
Avantis US Mid Cap Equity ETF COM 025072125   237,473 3,654 SH   SOLE   3,654 0 0
Azek Co. Inc. COM 05478C105   10,250,506 215,936 SH   SOLE   215,289 0 647
Azek Co. Inc. COM 05478C105   719,218 15,151 SH   DFND 1 0 15,151 0
BAE Systems plc COM 05523r107   526,386 9,209 SH   SOLE   8,837 0 372
Bain Capital Specialty Finance COM 05684B107   348,998 19,920 SH   SOLE   19,920 0 0
Bain Capital Specialty Finance COM 05684B107   1,752,000 100,000 SH   DFND 1 0 100,000 0
Baldwin Insurance Group Inc. COM 05589g102   15,789,390 407,363 SH   SOLE   406,278 0 1,085
Baldwin Insurance Group Inc. COM 05589g102   957,488 24,703 SH   DFND 1 0 24,703 0
Bank of America Corp. COM 060505104   25,974 591 SH   SOLE   591 0 0
Bank of America Corp. COM 060505104   439,500 10,000 SH   DFND 1 0 10,000 0
Barings BDC Inc. COM 06759l103   1,222,596 127,753 SH   SOLE   127,753 0 0
Barings BDC Inc. COM 06759l103   3,732,300 390,000 SH   DFND 1 0 390,000 0
Barrick Gold Corp. COM 067901108   461,140 29,751 SH   SOLE   29,423 0 328
Becton Dickinson & Co. COM 075887109   18,398,593 81,098 SH   SOLE   80,889 0 209
Berkshire Hathaway Inc. - A COM 084670108   3,404,600 5 SH   SOLE   5 0 0
Berkshire Hathaway Inc. - B COM 084670702   65,021,883 143,447 SH   SOLE   143,173 0 274
Berkshire Hathaway Inc. - B COM 084670702   2,039,760 4,500 SH   DFND 1 0 4,500 0
Betterware de Mexico SAPI de C COM P1666E105   123,953 11,087 SH   SOLE   11,087 0 0
Blackstone Group LP COM 09260D107   1,896,620 11,000 SH   DFND 1 0 11,000 0
Blackstone Secured Lending Fun COM 09261X102   1,049,106 32,470 SH   SOLE   32,470 0 0
Blackstone Secured Lending Fun COM 09261X102   5,169,600 160,000 SH   DFND 1 0 160,000 0
Blue Owl Capital Corp. III COM 69122G102   871,314 60,424 SH   SOLE   60,424 0 0
Blue Owl Capital Corp. III COM 69122G102   3,605,000 250,000 SH   DFND 1 0 250,000 0
BNP Paribas S.A. COM 05565A202   586,094 19,091 SH   SOLE   18,382 0 709
Booking Holdings Inc. COM 09857L108   45,992,901 9,257 SH   SOLE   9,243 0 14
Broadridge Financial Solutions COM 11133T103   142,937,767 632,216 SH   SOLE   629,692 0 2,524
Brookfield Asset Management COM 113004105   4,628,801 85,418 SH   SOLE   85,418 0 0
Brookfield Infrastructure Corp COM 11276h106   89,180,683 2,228,960 SH   SOLE   2,219,590 0 9,370
Brown-Forman Corp. - B COM 115637209   19,227,812 506,261 SH   SOLE   504,946 0 1,315
Brown & Brown Inc. COM 115236101   52,813,853 517,681 SH   SOLE   516,318 0 1,363
Brown & Brown Inc. COM 115236101   684,146 6,706 SH   DFND 1 0 6,706 0
Cameco Corp. COM 13321L108   1,172,463 22,815 SH   SOLE   22,621 0 194
Cannae Holdings Inc. COM 13765N107   1,934,919 97,428 SH   SOLE   97,428 0 0
Cannae Holdings Inc. COM 13765N107   322,844 16,256 SH   DFND 1 0 16,256 0
Capital Southwest Corp. COM 140501107   638,058 29,242 SH   SOLE   29,242 0 0
Capital Southwest Corp. COM 140501107   1,549,220 71,000 SH   DFND 1 0 71,000 0
Cavco Industries Inc. COM 149568107   3,488,626 7,818 SH   SOLE   7,818 0 0
Cavco Industries Inc. COM 149568107   796,521 1,785 SH   DFND 1 0 1,785 0
Charles River Laboratories Int COM 159864107   17,168,538 93,004 SH   SOLE   92,656 0 348
Chevron Corp. COM 166764100   107,888,219 744,879 SH   SOLE   742,066 0 2,813
Chubb Ltd. COM H1467J104   159,115,450 575,879 SH   SOLE   573,566 0 2,313
Chugai Pharms Co. Ltd. COM 171269103   847,471 38,574 SH   SOLE   37,252 0 1,322
Cisco Systems Inc. COM 17275R102   106,737,643 1,803,001 SH   SOLE   1,796,165 0 6,835
Clorox Co. COM 189054109   139,735,769 860,389 SH   SOLE   857,241 0 3,148
Coca-Cola Femsa SAB de CV COM 191241108   226,582 2,909 SH   SOLE   2,909 0 0
Colgate-Palmolive Co. COM 194162103   121,905,425 1,340,946 SH   SOLE   1,335,887 0 5,059
CONMED Corp. COM 207410101   8,865,033 129,530 SH   SOLE   129,144 0 386
CONMED Corp. COM 207410101   730,597 10,675 SH   DFND 1 0 10,675 0
ConocoPhillips COM 20825C104   580,343 5,852 SH   SOLE   5,768 0 84
Constellation Brands COM 21036P108   27,532,574 124,582 SH   SOLE   124,375 0 207
Controladora Vuela Cia de Avia COM 21240E105   210,872 28,343 SH   SOLE   28,343 0 0
Core Laboratories N.V. COM 21867A105   1,851,602 106,967 SH   SOLE   106,967 0 0
Core Laboratories N.V. COM 21867A105   508,776 29,392 SH   DFND 1 0 29,392 0
Costco Wholesale Corp. COM 22160K105   226,319 247 SH   SOLE   247 0 0
Coterra Energy Inc. COM 127097103   583,257 22,837 SH   SOLE   22,496 0 341
Crescent Capital BDC Inc. COM 225655109   601,089 31,274 SH   SOLE   31,274 0 0
Crescent Capital BDC Inc. COM 225655109   818,105 42,565 SH   DFND 1 0 42,565 0
Curtiss-Wright Corp. COM 231561101   411,649 1,160 SH   SOLE   1,160 0 0
CyberArk Software Ltd. COM M2682V108   1,081,072 3,245 SH   SOLE   3,145 0 100
DBS Group Holdings Ltd. COM 23304y100   1,045,856 8,168 SH   SOLE   7,893 0 275
Denison Mines Corp. COM 248356107   480,991 267,217 SH   SOLE   263,487 0 3,730
Diageo plc COM 25243Q205   149,564,095 1,176,466 SH   SOLE   1,172,594 0 3,872
Diamondback Energy Inc. COM 25278X109   668,099 4,078 SH   SOLE   4,022 0 56
Dimensional National Municipal COM 25434V849   8,475,210 177,417 SH   SOLE   176,733 0 684
Dollar Tree Inc. COM 256746108   21,228,066 283,267 SH   SOLE   282,202 0 1,065
Donaldson Co. Inc. COM 257651109   22,121,024 328,449 SH   SOLE   327,569 0 880
Dow Inc. COM 260557103   61,235,111 1,525,919 SH   SOLE   1,519,960 0 5,958
Dr Reddy's Laboratories Ltd. COM 256135203   288,799 18,290 SH   SOLE   18,290 0 0
Dun & Bradstreet Holdings Inc. COM 26484T106   49,305,862 3,957,132 SH   SOLE   3,949,042 0 8,090
Ecolab Inc. COM 278865100   26,608,330 113,556 SH   SOLE   113,249 0 307
Ecopetrol S.A. COM 279158109   121,548 15,347 SH   SOLE   15,347 0 0
Edgewell Personal Care Co. COM 28035Q102   2,205,388 65,637 SH   SOLE   65,637 0 0
Edgewell Personal Care Co. COM 28035Q102   642,936 19,135 SH   DFND 1 0 19,135 0
Enovis Corp COM 194014502   2,760,491 62,910 SH   SOLE   62,910 0 0
Enovis Corp COM 194014502   733,323 16,712 SH   DFND 1 0 16,712 0
Entergy Corp. COM 29364G103   121,863,435 1,607,273 SH   SOLE   1,601,000 0 6,273
EOG Resources Inc. COM 26875P101   23,358,796 190,560 SH   SOLE   190,029 0 531
Expand Energy Corp. COM 165167735   793,513 7,971 SH   SOLE   7,873 0 98
Expeditors International of Wa COM 302130109   21,007,915 189,653 SH   SOLE   189,207 0 446
Exxon Mobil Corp. COM 30231G102   640,918 5,958 SH   SOLE   5,889 0 69
Fastenal Co. COM 311900104   122,150,872 1,698,663 SH   SOLE   1,692,983 0 5,680
Fidelity National Financial In COM 31620R303   128,113,694 2,282,039 SH   SOLE   2,272,944 0 9,096
Fomento Economico Mexicano S.A COM 344419106   260,934 3,052 SH   SOLE   3,052 0 0
Franco-Nevada Corp. COM 351858105   680,846 5,790 SH   SOLE   5,703 0 87
Franklin FTSE Japan ETF COM 35473P744   4,983,640 174,192 SH   SOLE   174,192 0 0
Franklin Street Properties Cor COM 35471R106   2,253,930 1,231,656 SH   SOLE   40,000 0 1,191,656
Freeport-McMoRan Inc. COM 35671D857   539,479 14,167 SH   SOLE   14,003 0 164
FS KKR Capital Corp. COM 302635206   316,145 14,555 SH   SOLE   14,555 0 0
FS KKR Capital Corp. COM 302635206   836,220 38,500 SH   DFND 1 0 38,500 0
Gates Industrial Corp. plc COM G39108108   20,749,638 1,008,733 SH   SOLE   1,005,510 0 3,223
Gates Industrial Corp. plc COM G39108108   737,887 35,872 SH   DFND 1 0 35,872 0
General Dynamics Corp. COM 369550108   22,833,739 86,659 SH   SOLE   86,404 0 255
Gilead Sciences Inc. COM 375558103   108,706,412 1,176,858 SH   SOLE   1,172,180 0 4,678
Glencore plc COM 37827X100   427,691 48,991 SH   SOLE   48,448 0 543
Global X Uranium ETF COM 37954Y871   12,597,446 470,405 SH   SOLE   470,405 0 0
Gold Fields Ltd. COM 38059t106   252,648 19,140 SH   SOLE   19,140 0 0
Goldman Sachs BDC Inc. COM 38147U107   691,503 57,149 SH   SOLE   57,149 0 0
Goldman Sachs BDC Inc. COM 38147U107   1,633,500 135,000 SH   DFND 1 0 135,000 0
Golub Capital BDC Inc. COM 38173M102   1,326,313 87,488 SH   SOLE   87,488 0 0
Golub Capital BDC Inc. COM 38173M102   3,941,600 260,000 SH   DFND 1 0 260,000 0
Graco Inc. COM 384109104   59,460,410 705,427 SH   SOLE   703,261 0 2,165
Hagerty Inc. COM 405166109   2,435,071 252,339 SH   SOLE   252,339 0 0
Hagerty Inc. COM 405166109   817,944 84,761 SH   DFND 1 0 84,761 0
Haleon plc COM 405552100   771,166 80,835 SH   SOLE   78,064 0 2,771
Hayward Holdings Inc. COM 421298100   2,523,400 165,036 SH   SOLE   165,036 0 0
Hayward Holdings Inc. COM 421298100   787,190 51,484 SH   DFND 1 0 51,484 0
HDFC Bank Ltd. COM 40415F101   216,422 3,389 SH   SOLE   3,389 0 0
Healthcare Services Group Inc. COM 421906108   1,961,092 168,841 SH   SOLE   168,841 0 0
Hercules Capital Inc. COM 427096508   1,047,955 52,163 SH   SOLE   52,163 0 0
Hercules Capital Inc. COM 427096508   6,629,700 330,000 SH   DFND 1 0 330,000 0
Hershey Co. COM 427866108   115,501,619 682,029 SH   SOLE   679,379 0 2,650
Hess Corp. COM 42809H107   547,602 4,117 SH   SOLE   4,067 0 50
Home Depot Inc. COM 437076102   141,442,548 363,615 SH   SOLE   362,290 0 1,325
i3 Verticals Inc. COM 46571Y107   5,897,733 255,978 SH   SOLE   255,364 0 614
i3 Verticals Inc. COM 46571Y107   844,439 36,651 SH   DFND 1 0 36,651 0
ICICI Bank Ltd. COM 45104g104   373,250 12,500 SH   SOLE   12,500 0 0
ICON plc COM G4705A100   802,980 3,829 SH   SOLE   3,713 0 116
Illinois Tool Works Inc. COM 452308109   59,713,605 235,501 SH   SOLE   235,040 0 460
Infosys Ltd. COM 456788108   228,249 10,413 SH   SOLE   10,413 0 0
ING Groep N.V. COM 456837103   755,889 48,238 SH   SOLE   46,632 0 1,606
Invesco BulletShares 2025 Muni COM 46138J528   5,039,231 205,599 SH   SOLE   204,813 0 786
Invesco BulletShares 2026 Muni COM 46138J510   5,084,780 215,731 SH   SOLE   214,917 0 814
Invesco BulletShares 2027 Muni COM 46138J494   5,676,012 240,509 SH   SOLE   239,616 0 893
Invesco BulletShares 2028 Muni COM 46138J486   6,243,808 267,630 SH   SOLE   266,645 0 985
Invesco BulletShares 2029 Muni COM 46138J478   2,533,746 110,451 SH   SOLE   110,033 0 418
Invesco BulletShares 2030 Muni COM 46138J445   5,516,706 253,992 SH   SOLE   253,054 0 938
Invesco BulletShares 2031 Muni COM 46138j411   5,373,296 256,727 SH   SOLE   255,838 0 889
Invesco BulletShares 2032 Munc COM 46139W833   305,697 12,184 SH   SOLE   12,184 0 0
Invesco Bulletshares 2033 Muni COM 46139W791   304,553 11,825 SH   SOLE   11,825 0 0
Invesco S&P MidCap Quality ETF COM 46137V472   53,497,820 543,291 SH   SOLE   543,291 0 0
Invesco S&P Small Cap Quality COM 46138G300   18,121,734 427,904 SH   SOLE   427,904 0 0
iShares 0-3 Month Treasury Bon COM 46436E718   142,663,212 1,422,081 SH   SOLE   1,417,435 0 4,646
iShares 1-5 Year Investment Gr COM 464288646   10,045,672 194,307 SH   SOLE   194,307 0 0
iShares 3-7 Year Treasury Bond COM 464288661   5,351,698 46,315 SH   SOLE   46,315 0 0
iShares Barclays 10-20 Year Tr COM 464288653   7,655,185 76,906 SH   SOLE   76,687 0 219
iShares BB Rated Corporate Bon COM 46435U473   33,951,990 738,106 SH   SOLE   738,106 0 0
iShares Core MSCI EAFE ETF COM 46432F842   284,142 4,043 SH   SOLE   4,043 0 0
iShares Core S&P US Value ETF COM 464287663   24,389,687 263,416 SH   SOLE   262,600 0 816
iShares Core US Aggregate Bond COM 464287226   483,531 4,990 SH   SOLE   4,990 0 0
iShares Gold Trust ETF COM 464285204   740,769 14,962 SH   SOLE   14,765 0 197
iShares iBonds Dec 2025 Term M COM 46435U432   304,236 11,431 SH   SOLE   11,431 0 0
iShares iBonds Dec 2026 Term C COM 46435GAA0   16,170,766 671,822 SH   SOLE   669,923 0 1,899
iShares iBonds Dec 2026 Term M COM 46435U259   1,921,670 75,478 SH   SOLE   75,478 0 0
iShares iBonds Dec 2027 Term C COM 46435UAA9   3,964,405 165,459 SH   SOLE   164,996 0 463
iShares iBonds Dec 2027 Term M COM 46435U283   1,026,240 40,821 SH   SOLE   40,821 0 0
iShares iBonds Dec 2027 Term T COM 46436E841   31,473,609 1,417,941 SH   SOLE   1,413,788 0 4,153
iShares iBonds Dec 2028 Term M COM 46435U325   837,361 33,255 SH   SOLE   33,255 0 0
iShares iBonds Dec 2028 Term T COM 46436E833   13,363,040 610,084 SH   SOLE   608,804 0 1,280
iShares iBonds Dec 2029 Term C COM 46436E205   5,807,984 254,736 SH   SOLE   254,736 0 0
iShares iBonds Dec 2029 Term M COM 46436E163   303,232 12,139 SH   SOLE   12,139 0 0
iShares iBonds Dec 2029 Term T COM 46436E825   7,696,686 360,901 SH   SOLE   359,886 0 1,015
iShares iBonds Dec 2030 Term T COM 46436e593   7,670,000 399,627 SH   SOLE   398,484 0 1,143
iShares iBonds Dec 2031 Term C COM 46436E486   10,106,091 496,614 SH   SOLE   495,201 0 1,413
iShares iBonds Dec 2032 Term C COM 46436E312   10,106,598 411,172 SH   SOLE   410,006 0 1,166
iShares iBonds Dec 2032 Term T COM 46436E296   9,458,521 426,060 SH   SOLE   424,803 0 1,257
iShares iBonds Dec 2033 Term C COM 46436E130   7,810,369 311,170 SH   SOLE   310,283 0 887
iShares MBS ETF COM 464288588   26,952,023 293,979 SH   SOLE   293,138 0 841
iShares National Muni Bond ETF COM 464288414   1,118,882 10,501 SH   SOLE   10,501 0 0
iShares Russell 1000 Value ETF COM 464287598   5,253,064 28,375 SH   SOLE   28,375 0 0
iShares Russell 2000 Value ETF COM 464287630   627,458 3,822 SH   SOLE   3,822 0 0
iShares Silver Trust ETF COM 46428Q109   595,269 22,608 SH   SOLE   22,324 0 284
iShares US Aerospace & Defense COM 464288760   5,985,202 41,178 SH   SOLE   41,178 0 0
ITOCHU Corp. COM 465717106   819,231 8,312 SH   SOLE   8,026 0 286
J & J Snack Foods Corp. COM 466032109   2,566,433 16,544 SH   SOLE   16,544 0 0
J & J Snack Foods Corp. COM 466032109   798,764 5,149 SH   DFND 1 0 5,149 0
JBS S.A. COM 466110103   184,663 15,544 SH   SOLE   15,544 0 0
John B Sanfilippo & Son Inc. COM 800422107   1,828,526 20,991 SH   SOLE   20,991 0 0
John B Sanfilippo & Son Inc. COM 800422107   677,629 7,779 SH   DFND 1 0 7,779 0
John Bean Technologies Corp. COM 477839104   12,609,149 99,207 SH   SOLE   98,893 0 314
John Bean Technologies Corp. COM 477839104   822,210 6,469 SH   DFND 1 0 6,469 0
JPMorgan Chase & Co. COM 46625H100   204,233 852 SH   SOLE   852 0 0
Kayne Anderson BDC COM 48662X105   330,089 19,957 SH   SOLE   19,957 0 0
Kayne Anderson BDC COM 48662X105   1,488,600 90,000 SH   DFND 1 0 90,000 0
KB Financial Group Inc. COM 48241a105   291,590 5,125 SH   SOLE   5,125 0 0
Kemper Corp. COM 488401100   296,987 4,470 SH   SOLE   4,470 0 0
Keysight Technologies Inc. COM 49338L103   54,293,101 338,001 SH   SOLE   337,247 0 754
Kinder Morgan Inc. COM 49456B101   120,311,870 4,390,944 SH   SOLE   4,374,026 0 16,918
Komatsu Ltd. COM 500458401   480,286 17,580 SH   SOLE   17,090 0 490
L'Oreal S.A. COM 502117203   712,268 10,116 SH   SOLE   9,794 0 322
Linde plc COM G54950103   139,501,651 333,202 SH   SOLE   331,877 0 1,325
Lockheed Martin Corp. COM 539830109   149,715,786 308,095 SH   SOLE   306,975 0 1,120
Lowe's Co. Inc. COM 548661107   57,392,757 232,548 SH   SOLE   232,104 0 444
Lululemon Athletica Inc. COM 550021109   11,411,879 29,842 SH   SOLE   29,743 0 99
LVMH Moet Hennessy Louis Vuitt COM 502441306   583,531 4,465 SH   SOLE   4,331 0 134
Main Street Capital Corp. COM 56035L104   1,174,119 20,043 SH   SOLE   20,043 0 0
Main Street Capital Corp. COM 56035L104   6,502,380 111,000 SH   DFND 1 0 111,000 0
MakeMyTrip Ltd. COM V5633W109   713,764 6,357 SH   SOLE   6,357 0 0
Markel Corp. Inc. COM 570535104   57,523,853 33,323 SH   SOLE   33,244 0 79
Markel Corp. Inc. COM 570535104   258,934 150 SH   DFND 1 0 150 0
Marten Transport Ltd. COM 573075108   1,794,766 114,975 SH   SOLE   114,975 0 0
Marten Transport Ltd. COM 573075108   623,479 39,941 SH   DFND 1 0 39,941 0
Martin Marietta Materials Inc. COM 573284106   32,367,848 62,668 SH   SOLE   62,574 0 94
Masco Corp. COM 574599106   66,849,600 921,174 SH   SOLE   919,265 0 1,909
Mastercard Inc. COM 57636Q104   94,281,845 179,049 SH   SOLE   178,682 0 367
Materion Corp. COM 576690101   398,585 4,031 SH   SOLE   3,978 0 53
McDonald's Corp. COM 580135101   24,092,815 83,110 SH   SOLE   82,892 0 218
Medtronic plc COM G5960L103   17,207,742 215,420 SH   SOLE   214,869 0 550
MercadoLibre Inc. COM 58733R102   357,092 210 SH   SOLE   210 0 0
Microsoft Corp. COM 594918104   132,959,384 315,443 SH   SOLE   314,289 0 1,154
MidCap Financial Investment Co COM 03761U502   318,961 23,644 SH   SOLE   23,644 0 0
MidCap Financial Investment Co COM 03761U502   876,850 65,000 SH   DFND 1 0 65,000 0
Mitsubishi UFJ Financial COM 606822104   1,089,948 92,999 SH   SOLE   90,039 0 2,960
Mitsui & Co. Ltd. COM 606827202   717,144 1,722 SH   SOLE   1,698 0 24
Morgan Stanley Direct Lending COM 61774A103   333,494 16,142 SH   SOLE   16,142 0 0
Morgan Stanley Direct Lending COM 61774A103   206,600 10,000 SH   DFND 1 0 10,000 0
Morningstar Inc. COM 617700109   20,572,007 61,088 SH   SOLE   60,925 0 163
Morningstar Inc. COM 617700109   776,232 2,305 SH   DFND 1 0 2,305 0
Mosaic Co. COM 61945C103   357,074 14,527 SH   SOLE   14,380 0 147
Movado Group Inc. COM 624580106   2,741,786 139,318 SH   SOLE   139,318 0 0
Movado Group Inc. COM 624580106   723,024 36,739 SH   DFND 1 0 36,739 0
New Jersey Resources Corp. COM 646025106   21,186,167 454,152 SH   SOLE   452,826 0 1,325
New Mountain Finance Corp. COM 647551100   864,836 76,806 SH   SOLE   76,806 0 0
New Mountain Finance Corp. COM 647551100   3,974,780 353,000 SH   DFND 1 0 353,000 0
Newmont Mining Corp. COM 651639106   438,739 11,788 SH   SOLE   11,652 0 136
NIKE Inc. COM 654106103   18,620,842 246,080 SH   SOLE   245,450 0 630
Nintendo Co. Ltd. COM 654445303   810,034 55,368 SH   SOLE   53,843 0 1,525
Nordson Corp. COM 655663102   32,444,142 155,057 SH   SOLE   154,626 0 431
Northern Trust Corp. COM 665859104   116,855,962 1,140,058 SH   SOLE   1,135,973 0 4,085
Novo Nordisk A.S. COM 670100205   883,769 10,274 SH   SOLE   9,984 0 290
Nuveen Churchill Direct Lendin COM 67090S108   312,142 18,602 SH   SOLE   18,602 0 0
Nuveen Churchill Direct Lendin COM 67090S108   1,678,000 100,000 SH   DFND 1 0 100,000 0
NXP Semiconductors N.V. COM N6596X109   44,541,807 214,298 SH   SOLE   213,851 0 447
Oaktree Specialty Lending Corp COM 67401P405   617,463 40,410 SH   SOLE   40,410 0 0
Oaktree Specialty Lending Corp COM 67401P405   1,375,200 90,000 SH   DFND 1 0 90,000 0
OFS Capital Corp. COM 67103B100   790,860 98,000 SH   DFND 1 0 98,000 0
Oracle Corp. COM 68389X105   91,701,875 550,299 SH   SOLE   549,068 0 1,232
Palmer Square Capital BDC Inc. COM 69702V107   304,274 20,018 SH   SOLE   20,018 0 0
Palmer Square Capital BDC Inc. COM 69702V107   1,284,826 84,528 SH   DFND 1 0 84,528 0
Paychex Inc. COM 704326107   154,558,088 1,102,254 SH   SOLE   1,098,269 0 3,985
Paycom Software Inc. COM 70432V102   74,149,405 361,757 SH   SOLE   360,915 0 842
PennantPark Investment Corp. COM 708062104   329,645 46,560 SH   SOLE   46,560 0 0
PennantPark Investment Corp. COM 708062104   1,812,480 256,000 SH   DFND 1 0 256,000 0
PepsiCo Inc. COM 713448108   136,423,678 897,170 SH   SOLE   894,354 0 2,816
PIMCO 20 Plus Year Zero Coupon COM 72201R882   14,155,002 206,281 SH   SOLE   206,281 0 0
Ping An Insurance Group Co. of COM 72341E304   156,209 13,420 SH   SOLE   13,420 0 0
Polaris Inc. COM 731068102   58,674,701 1,018,304 SH   SOLE   1,014,644 0 3,661
Portman Ridge Finance Corp. COM 73688F201   269,149 16,472 SH   SOLE   16,472 0 0
Portman Ridge Finance Corp. COM 73688F201   718,960 44,000 SH   DFND 1 0 44,000 0
Powershares Insured National M COM 46138E537   7,856,416 332,758 SH   SOLE   331,528 0 1,230
Procter & Gamble Co. COM 742718109   23,635,293 140,980 SH   SOLE   140,613 0 367
Progressive Corp. COM 743315103   208,325,104 869,434 SH   SOLE   866,231 0 3,203
PT Astra International Tbk COM 69367X109   134,251 22,793 SH   SOLE   22,793 0 0
RBC Bearings Inc. COM 75524B104   3,459,853 11,566 SH   SOLE   11,566 0 0
RBC Bearings Inc. COM 75524B104   798,405 2,669 SH   DFND 1 0 2,669 0
ResMed Inc. COM 761152107   28,303,541 123,764 SH   SOLE   123,436 0 328
Rheinmetall AG COM 76206K107   1,327,763 10,492 SH   SOLE   10,132 0 360
Roche Holding A.G. COM 771195104   487,657 13,981 SH   SOLE   13,619 0 362
Royal Gold Inc. COM 780287108   647,252 4,909 SH   SOLE   4,848 0 61
Runway Growth Finance Corp COM 78163d100   149,286 13,621 SH   SOLE   13,621 0 0
Runway Growth Finance Corp COM 78163d100   767,200 70,000 SH   DFND 1 0 70,000 0
S&P Global Inc. COM 78409V104   76,217,868 153,039 SH   SOLE   152,702 0 336
Safran S.A. COM 786584102   814,720 14,949 SH   SOLE   14,508 0 441
Sandoz Group COM 799926100   1,036,921 25,603 SH   SOLE   24,896 0 707
SAP S.E. COM 803054204   1,064,858 4,325 SH   SOLE   4,185 0 140
Sapiens International Corp. N. COM G7T16G103   2,158,575 80,334 SH   SOLE   80,334 0 0
Sapiens International Corp. N. COM G7T16G103   656,031 24,415 SH   DFND 1 0 24,415 0
Seabridge Gold Inc. COM 811916105   492,798 43,190 SH   SOLE   42,654 0 536
Sendas Distribuidora S.A. COM 81689T104   49,773 11,135 SH   SOLE   11,135 0 0
Shell plc COM 780259305   1,378,989 22,011 SH   SOLE   21,476 0 535
Sherwin-Williams Co. COM 824348106   27,258,954 80,190 SH   SOLE   79,969 0 220
Shinhan Financial Group Co. Lt COM 824596100   210,827 6,412 SH   SOLE   6,412 0 0
Shopify Inc. COM 82509L107   861,698 8,104 SH   SOLE   7,924 0 180
Sixth Street Specialty Lending COM 83012A109   1,154,087 54,182 SH   SOLE   54,182 0 0
Sixth Street Specialty Lending COM 83012A109   4,196,100 197,000 SH   DFND 1 0 197,000 0
SJW Group COM 784305104   1,777,813 36,120 SH   SOLE   36,120 0 0
SJW Group COM 784305104   642,173 13,047 SH   DFND 1 0 13,047 0
SLR Investment Corp. COM 83413U100   427,884 26,478 SH   SOLE   26,478 0 0
SLR Investment Corp. COM 83413U100   2,601,760 161,000 SH   DFND 1 0 161,000 0
Snap-on Inc. COM 833034101   180,075,620 530,445 SH   SOLE   528,504 0 1,941
Sony Group Corp. COM 835699307   912,737 43,135 SH   SOLE   42,165 0 970
Southern Co. COM 842587107   135,699,387 1,648,438 SH   SOLE   1,642,433 0 6,005
Southern Copper Corp. COM 84265V105   526,542 5,778 SH   SOLE   5,707 0 71
SPDR Energy Select Sector ETF COM 81369Y506   4,423,611 51,642 SH   SOLE   51,642 0 0
SPDR Gold MiniShares Trust ETF COM 98149E303   32,647,952 627,966 SH   SOLE   627,560 0 406
SPDR Nuveen Barclays Capital S COM 78468R739   2,310,026 48,745 SH   SOLE   48,745 0 0
SPDR Nuveen S&P High Yield Mun COM 78464A284   3,739,208 146,177 SH   SOLE   146,177 0 0
SPDR Portfolio Developed World COM 78463X889   25,143,668 736,703 SH   SOLE   736,703 0 0
SPDR Portfolio High Yield Bond COM 78468R606   11,642,373 496,053 SH   SOLE   496,053 0 0
SPDR Portfolio Mortgage Backed COM 78464A383   84,623,552 3,926,847 SH   SOLE   3,920,463 0 6,384
SPDR Portfolio S&P 500 Growth COM 78464A409   17,969,804 204,435 SH   SOLE   204,435 0 0
SPDR Portfolio S&P 500 Value E COM 78464a508   14,373,730 281,066 SH   SOLE   281,066 0 0
SPDR S&P 400 Mid Cap Growth ET COM 78464A821   47,678,357 548,721 SH   SOLE   548,721 0 0
SPDR S&P 400 Mid Cap Value ETF COM 78464A839   20,209,251 251,986 SH   SOLE   251,986 0 0
SPDR S&P 500 ETF COM 78462F103   13,553,285 23,125 SH   SOLE   23,125 0 0
SPDR S&P 600 Small Cap Growth COM 78464A201   18,650,949 206,430 SH   SOLE   206,430 0 0
Spectrum Brands Holdings Inc. COM 84790a105   2,930,620 34,686 SH   SOLE   34,686 0 0
Spectrum Brands Holdings Inc. COM 84790a105   625,986 7,409 SH   DFND 1 0 7,409 0
Starbucks Corp. COM 855244109   62,033,050 679,814 SH   SOLE   678,219 0 1,596
Stewart Information Services C COM 860372101   3,031,482 44,917 SH   SOLE   44,917 0 0
Stewart Information Services C COM 860372101   745,630 11,048 SH   DFND 1 0 11,048 0
Stryker Corp. COM 863667101   88,364,629 245,423 SH   SOLE   244,883 0 540
T. Rowe Price Group Inc. COM 74144T108   111,565,676 986,521 SH   SOLE   982,754 0 3,767
Taiwan Semiconductor Manufactu COM 874039100   2,042,047 10,340 SH   SOLE   10,091 0 249
Techtronic Industries Co. Ltd. COM 87873R101   1,061,307 16,176 SH   SOLE   15,783 0 393
Tencent Holdings Ltd. COM 88032Q109   276,376 5,197 SH   SOLE   5,197 0 0
Thermo Fisher Scientific Inc. COM 883556102   43,463,871 83,547 SH   SOLE   83,390 0 157
TJX Co. Inc. COM 872540109   77,366,037 640,394 SH   SOLE   638,976 0 1,418
Tokio Marine Holdings Inc. COM 889094108   890,631 24,726 SH   SOLE   24,009 0 717
Toro Co. COM 891092108   18,393,461 229,631 SH   SOLE   229,046 0 585
TotalEnergies S.E. COM 89151E109   620,646 11,388 SH   SOLE   10,992 0 396
Trinity Capital Inc. COM 896442308   153,657 10,619 SH   SOLE   10,619 0 0
Trinity Capital Inc. COM 896442308   694,560 48,000 SH   DFND 1 0 48,000 0
TripAdvisor Inc. COM 896945201   2,715,007 183,819 SH   SOLE   183,819 0 0
TripAdvisor Inc. COM 896945201   739,076 50,039 SH   DFND 1 0 50,039 0
U.S. Bancorp COM 902973304   93,719,422 1,959,428 SH   SOLE   1,952,041 0 7,387
UFP Technologies Inc. COM 902673102   2,149,243 8,790 SH   SOLE   8,790 0 0
UFP Technologies Inc. COM 902673102   594,404 2,431 SH   DFND 1 0 2,431 0
Unilever plc COM 904767704   716,631 12,639 SH   SOLE   12,210 0 429
United Parcel Service Inc. COM 911312106   75,971,754 602,472 SH   SOLE   600,175 0 2,297
Uranium Energy Corp. COM 916896103   564,188 84,333 SH   SOLE   83,620 0 713
Vale S.A. COM 91912E105   117,377 13,233 SH   SOLE   13,233 0 0
Valvoline Inc. COM 92047W101   8,774,880 242,534 SH   SOLE   241,829 0 705
Valvoline Inc. COM 92047W101   320,446 8,857 SH   DFND 1 0 8,857 0
VanEck High Yield Muni ETF COM 92189H409   3,451,600 66,492 SH   SOLE   66,492 0 0
VanEck Vectors Long Municipal COM 92189F536   3,682,171 205,938 SH   SOLE   205,938 0 0
Vista Energy S.A.B. de C.V. COM 92837L109   625,403 11,558 SH   SOLE   11,558 0 0
Vontier Corp. COM 928881101   14,185,070 388,952 SH   SOLE   387,616 0 1,336
W. R. Berkley Corp. COM 084423102   78,207,629 1,336,426 SH   SOLE   1,333,338 0 3,087
Wal-Mart de Mexico S.A.B. de C COM 93114W107   616,361 23,347 SH   SOLE   22,712 0 635
WEC Energy Group Inc. COM 92939U106   140,119,033 1,489,994 SH   SOLE   1,484,391 0 5,603
Weyerhaeuser Co. COM 962166104   56,420,810 2,004,292 SH   SOLE   1,995,148 0 9,144
Wheaton Precious Metals Corp. COM 962879102   711,773 12,656 SH   SOLE   12,489 0 167
Willis Towers Watson plc COM G96629103   1,036,198 3,308 SH   SOLE   3,216 0 92
Winnebago Industries Inc. COM 974637100   1,891,539 39,589 SH   SOLE   39,589 0 0
Winnebago Industries Inc. COM 974637100   523,334 10,953 SH   DFND 1 0 10,953 0
Woodside Energy Group Ltd. COM 980228308   380,063 24,363 SH   SOLE   23,502 0 861
Yum China Holdings Inc. COM 98850P109   235,599 4,891 SH   SOLE   4,891 0 0
ZTO Express Cayman Inc. COM 98980A105   201,013 10,282 SH   SOLE   10,282 0 0
Zurich Insurance Group A.G. COM 989825104   1,033,865 34,822 SH   SOLE   33,774 0 1,048