Investmentaktiengesellschaft Fuer Langfristige Investoren TGV 13F-HR Quarterly holdings report by institutional manager

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

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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	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ALPHABET INC	CAP STK CL A	02079K305	1,159	400	SH		DFND	1	0	400	0
ALPHABET INC	CAP STK CL A	02079K305	358,674	123,807	SH		DFND	1	0	123,807	0
ALPHABET INC	CAP STK CL C	02079K107	248,198	85,775	SH		DFND	1	0	85,775	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	135,199	300	SH		DFND	1	0	300	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	9,502	31,780	SH		DFND	1	0	31,780	0
CARVANA CO	CL A	146869102	28,974	125,000	SH		DFND	1	0	125,000	0
CREDIT ACCEP CORP MICH	COM	225310101	101,232	147,208	SH		DFND	1	0	147,208	0
CRESUD S A C I F Y A	SPONSORED ADR	226406106	283	60,000	SH		DFND	1	0	60,000	0
INTERACTIVE BROKERS GROUP IN	COM CL A	45841N107	2,150	27,074	SH		DFND	1	0	27,074	0
INTERACTIVE BROKERS GROUP IN	COM CL A	45841N107	4,765	60,000	SH		DFND	1	0	60,000	0
MARKEL CORP	COM	570535104	2,869	2,325	SH		DFND	1	0	2,325	0
MERCADOLIBRE INC	COM	58733R102	1,753	1,300	SH		DFND	1	0	1,300	0
MERCADOLIBRE INC	COM	58733R102	2,157	1,600	SH		DFND	1	0	1,600	0
META PLATFORMS INC	CL A	30303M102	58,861	175,000	SH		DFND	1	0	175,000	0
MICROSOFT CORP	COM	594918104	260,144	773,500	SH		DFND	1	0	773,500	0
MICROSOFT CORP	COM	594918104	2,691	8,000	SH		DFND	1	0	8,000	0
SALESFORCE COM INC	COM	79466L302	53,501	210,528	SH		DFND	1	0	210,528	0
STONECO LTD	COM CL A	G85158106	843	50,000	SH		DFND	1	0	50,000	0
STONECO LTD	COM CL A	G85158106	506	30,000	SH		DFND	1	0	30,000	0
TUCOWS INC	COM NEW	898697206	8,382	100,000	SH		DFND	1	0	100,000	0
TUCOWS INC	COM NEW	898697206	10,478	125,000	SH		DFND	1	0	125,000	0
TUCOWS INC	COM NEW	898697206	2,934	35,000	SH		DFND	1	0	35,000	0
TUCOWS INC	COM NEW	898697206	118,474	1,413,439	SH		DFND	1	0	1,413,439	0
WIX COM LTD	SHS	M98068105	41,025	260,000	SH		DFND	1	0	260,000	0