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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Intercontinental Exchange In COM 45866F104   228,832,593 1,781,769 SH   SOLE   1,781,769 0 0
Waste Connections Inc COM 94106B101   244,572,626 1,638,458 SH   SOLE   1,638,458 0 0
Alphabet Inc CAP STK CL C 02079K107   174,727,269 1,239,816 SH   SOLE   1,239,816 0 0
T-Mobile US Inc COM 872590104   284,667,037 1,775,507 SH   SOLE   1,775,507 0 0
S&P Global Inc COM 78409V104   274,717,082 623,620 SH   SOLE   623,620 0 0
CBRE Group Inc CL A 12504L109   129,908,584 1,395,516 SH   SOLE   1,395,516 0 0
Keysight Technologies Inc COM 49338L103   144,621,083 909,052 SH   SOLE   909,052 0 0
Fortive Corp COM 34959J108   47,536,632 645,615 SH   SOLE   645,615 0 0
Mastercard Incorporated CL A 57636Q104   306,528,472 718,690 SH   SOLE   718,690 0 0
TopBuild Corp COM 89055F103   334,441,356 893,607 SH   SOLE   893,607 0 0
Ferguson PLC New SHS G3421J106   179,325,347 928,810 SH   SOLE   928,810 0 0
Jacobs Solutions Inc COM 46982L108   101,679,609 783,356 SH   SOLE   783,356 0 0
Aecom COM 00766T100   193,029,241 2,088,383 SH   SOLE   2,088,383 0 0
Airbnb Inc COM CL A 009066101   92,236,756 677,514 SH   SOLE   677,514 0 0
Accenture PLC Ireland SHS CLASS A G1151C101   231,459,534 659,598 SH   SOLE   659,598 0 0
Alcon AG ORD SHS H01301128   123,190,084 1,576,934 SH   SOLE   1,576,934 0 0
CDW Corp COM 12514G108   133,510,946 587,326 SH   SOLE   587,326 0 0
Hilton Worldwide Hldgs Inc COM 43300A203   96,721,474 531,174 SH   SOLE   531,174 0 0
Steris PLC SHS USD G8473T100   132,998,697 604,952 SH   SOLE   604,952 0 0
Zoetis Inc CL A 98978V103   68,426,403 346,691 SH   SOLE   346,691 0 0
Api Group Corp COM STK 00187Y100   129,222,281 3,734,748 SH   SOLE   3,734,748 0 0
Elevance Health Inc COM 036752103   141,161,958 299,351 SH   SOLE   299,351 0 0
Live Nation Entertainment In COM 538034109   279,040,320 2,981,200 SH   SOLE   2,981,200 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   183,924,868 2,326,396 SH   SOLE   2,326,396 0 0
LIBERTY MEDIA CORP DEL COM LBTY LIV S C 531229722   1,453,499 38,874 SH   SOLE   38,874 0 0
LIBERTY MEDIA CORP DEL COM LBTY ONE S C 531229755   139,032,020 2,202,313 SH   SOLE   2,202,313 0 0
Canadian Natl Ry Co COM 136375102   129,095,252 1,027,583 SH   SOLE   1,027,583 0 0
Conocophillips COM 20825C104   228,434,001 1,968,071 SH   SOLE   1,968,071 0 0
West Pharmaceutical Svsc Inc COM 955306105   161,026,589 457,306 SH   SOLE   457,306 0 0
Marsh & Mclennan Cos Inc COM 571748102   224,458,856 1,184,667 SH   SOLE   1,184,667 0 0
Martin Marietta Matls Inc COM 573284106   263,844,562 528,842 SH   SOLE   528,842 0 0
Schwab Charles Corp COM 808513105   200,853,894 2,919,388 SH   SOLE   2,919,388 0 0
Analog Devices Inc COM 032654105   148,089,622 745,818 SH   SOLE   745,818 0 0
Gartner Inc COM 366651107   289,486,760 641,721 SH   SOLE   641,721 0 0
Danaher Corporation COM 235851102   59,682,019 257,984 SH   SOLE   257,984 0 0
Sherwin Williams Co COM 824348106   204,454,193 655,512 SH   SOLE   655,512 0 0
KLA Corp COM NEW 482480100   112,703,607 193,882 SH   SOLE   193,882 0 0
Air Prods & Chems Inc COM 009158106   92,060,595 336,233 SH   SOLE   336,233 0 0
Teledyne Technologies Inc COM 879360105   101,191,348 226,739 SH   SOLE   226,739 0 0
Agilent Technologies Inc COM 00846U101   160,080,532 1,151,410 SH   SOLE   1,151,410 0 0
Royal Gold Inc COM 780287108   153,380,909 1,268,030 SH   SOLE   1,268,030 0 0
Texas Instrs Inc COM 882508104   110,139,490 646,131 SH   SOLE   646,131 0 0
Berkshire Hathaway Inc Del CL B NEW 084670702   201,133,414 563,936 SH   SOLE   563,936 0 0
Tractor Supply Co COM 892356106   53,638,373 249,446 SH   SOLE   249,446 0 0
Gallagher Arthur J & Co COM 363576109   295,245,177 1,312,901 SH   SOLE   1,312,901 0 0
WATERS CORP COM 941848103   122,792,584 372,969 SH   SOLE   372,969 0 0
Microsoft Corp COM 594918104   645,025,172 1,715,310 SH   SOLE   1,715,310 0 0
Thermo Fisher Scientific Inc COM 883556102   187,591,802 353,420 SH   SOLE   353,420 0 0
EOG Res Inc COM 26875P101   263,103,624 2,175,309 SH   SOLE   2,175,309 0 0
Costco Whsl Corp New COM 22160K105   49,218,865 74,565 SH   SOLE   74,565 0 0
United Rentals Inc COM 911363109   189,306,585 330,136 SH   SOLE   330,136 0 0
Intuit COM 461202103   297,042,382 475,245 SH   SOLE   475,245 0 0
MICROCHIP TECHNOLOGY INC. COM 595017104   126,943,410 1,407,667 SH   SOLE   1,407,667 0 0
Autodesk Inc COM 052769106   139,099,881 571,299 SH   SOLE   571,299 0 0
Unitedhealth Group Inc COM 91324P102   227,975,198 433,026 SH   SOLE   433,026 0 0
Ecolab Inc COM 278865100   91,178,321 459,684 SH   SOLE   459,684 0 0
Pool Corp COM 73278L105   102,179,405 256,275 SH   SOLE   256,275 0 0
Nvidia Corporation COM 67066G104   152,977,420 308,908 SH   SOLE   308,908 0 0