BBR ALO Fund, LLC
SCHEDULE OF INVESTMENTS
As of December 31, 2020 (Unaudited)
| Number of Shares | Value | |||||||
| COMMON STOCKS — 73.9% | ||||||||
| COMMUNICATIONS — 6.4% | ||||||||
| 7,514 | Alphabet, Inc. - Class C* | $ | 13,163,626 | |||||
| 10,055 | Booking Holdings, Inc.* | 22,395,200 | ||||||
| 48,872 | Facebook, Inc. - Class A* | 13,349,876 | ||||||
| 344,902 | Tencent Holdings Ltd. - ADR | 25,087,516 | ||||||
| 21,696 | VeriSign, Inc.* | 4,695,014 | ||||||
| 78,691,232 | ||||||||
| CONSUMER DISCRETIONARY — 17.8% | ||||||||
| 86,120 | Adidas AG - ADR | 15,695,258 | ||||||
| 99,554 | Alibaba Group Holding Ltd. - ADR* | 23,169,202 | ||||||
| 5,292 | Amazon.com, Inc.* | 17,235,674 | ||||||
| 19,823 | Avalara, Inc.* | 3,268,614 | ||||||
| 272,446 | Bunzl PLC - ADR | 9,098,171 | ||||||
| 252,738 | Copart, Inc.* | 32,160,910 | ||||||
| 276,032 | DR Horton, Inc. | 19,024,125 | ||||||
| 124,549 | Hilton Worldwide Holdings, Inc. | 13,857,322 | ||||||
| 540,912 | Industria de Diseno Textil SA - ADR | 8,617,107 | ||||||
| 72,655 | LVMH Moet Hennessy Louis Vuitton - ADR | 9,083,539 | ||||||
| 90,336 | New Oriental Education & Technology Group, Inc. - ADR* | 16,785,332 | ||||||
| 7,808 | NVR, Inc.* | 31,855,547 | ||||||
| 53,057 | Wayfair, Inc.- Class A* | 11,980,801 | ||||||
| 131,589 | Whitbread PLC*,1 | 5,573,520 | ||||||
| 217,405,122 | ||||||||
| CONSUMER STAPLES — 1.9% | ||||||||
| 67,279 | Nestle SA | 7,935,410 | ||||||
| 161,364 | Unilever PLC | 9,739,931 | ||||||
| 177,612 | Wal-mart de Mexico SAB de CV - ADR | 4,982,816 | ||||||
| 22,658,157 | ||||||||
| FINANCIALS — 15.3% | ||||||||
| 65,655 | Aon PLC | 13,870,932 | ||||||
| 547,296 | Carlyle Group, Inc. | 17,206,986 | ||||||
| 487,511 | Compass Group PLC1 | 9,078,802 | ||||||
| 52,828 | Credit Acceptance Corp.* | 18,285,884 | ||||||
| 196,265 | First Republic Bank | 28,837,216 | ||||||
| 122,137 | Jones Lang LaSalle, Inc. | 18,121,467 | ||||||
| 410,708 | KKR & CO INC - Class A | 16,629,567 | ||||||
| 64,755 | Mastercard, Inc. - Class A | 23,113,650 | ||||||
| 199,679 | Primerica, Inc. | 26,743,008 | ||||||
| 65,647 | Visa, Inc. - Class A | 14,358,968 | ||||||
| 186,246,480 | ||||||||
BBR ALO Fund, LLC
SCHEDULE OF INVESTMENTS - Continued
As of December 31, 2020 (Unaudited)
| Number of Shares | Value | |||||||
| COMMON STOCKS (Continued) | ||||||||
| HEALTH CARE — 6.9% | ||||||||
| 45,542 | Anthem, Inc. | $ | 14,623,081 | |||||
| 134,126 | CSL LTD - SP ADR | 14,654,379 | ||||||
| 92,072 | CVS Health Corp. | 6,288,518 | ||||||
| 106,826 | ICON PLC* | 20,828,934 | ||||||
| 139,717 | Medtronic PLC | 16,366,449 | ||||||
| 468,251 | Siemens Healthineers AG - ADR | 12,025,809 | ||||||
| 84,787,170 | ||||||||
| INDUSTRIALS — 9.7% | ||||||||
| 381,147 | Fastenal Company | 18,611,408 | ||||||
| 1,514,384 | General Electric Co. | 16,355,347 | ||||||
| 158,195 | Graco, Inc. | 11,445,408 | ||||||
| 343,338 | HEICO Corp., Class A | 40,191,151 | ||||||
| 24,131 | Landstar System, Inc. | 3,249,481 | ||||||
| 35,175 | TransDigm Group, Inc.* | 21,768,049 | ||||||
| 30,877 | Watsco, Inc. | 6,995,184 | ||||||
| 118,616,028 | ||||||||
| TECHNOLOGY — 15.9% | ||||||||
| 57,966 | Accenture PLC - Class A | 15,141,299 | ||||||
| 69,964 | Amadeus IT Group, S.A. - ADR | 5,098,627 | ||||||
| 22,132 | Aspen Technology, Inc.* | 2,882,693 | ||||||
| 57,475 | Check Point Software Technologies Ltd.* | 7,639,002 | ||||||
| 174,919 | Coloplast A/S - ADR | 2,672,885 | ||||||
| 26,091 | CoStar Group, Inc.* | 24,115,389 | ||||||
| 32,295 | Dassault Systemes SE - ADR | 6,565,373 | ||||||
| 293,402 | Experian PLC - ADR | 11,137,540 | ||||||
| 61,668 | Microsoft Corp. | 13,716,197 | ||||||
| 43,303 | Moody's Corp. | 12,568,263 | ||||||
| 15,890 | MSCI, Inc. | 7,095,362 | ||||||
| 92,031 | Qorvo, Inc.* | 15,301,994 | ||||||
| 354,098 | Sage Group PLC - ADR | 11,268,248 | ||||||
| 49,934 | salesforce.com, Inc.* | 11,111,813 | ||||||
| 115,010 | SAP SE | 14,996,154 | ||||||
| 85,523 | Skyworks Solutions, Inc. | 13,074,756 | ||||||
| 156,052 | SS&C Technologies Holdings | 11,352,783 | ||||||
| 61,812 | Temenos AG - SP ADR | 8,646,479 | ||||||
| 194,384,857 | ||||||||
| TOTAL COMMON STOCKS | ||||||||
| (Cost $643,956,611) | 902,789,046 | |||||||
BBR ALO Fund, LLC
SCHEDULE OF INVESTMENTS - Continued
As of December 31, 2020 (Unaudited)
| Number of Units | Value | |||||||
| PRIVATE INVESTMENT FUNDS — 25.0% | ||||||||
| - | Echo Street GoodCo Select, L.P.2 | $ | 305,023,224 | |||||
| TOTAL PRIVATE INVESTMENT FUNDS | ||||||||
| (Cost $210,768,080) | 305,023,224 | |||||||
| TOTAL INVESTMENTS — 98.9% | ||||||||
| (Cost $854,724,691) | 1,207,812,270 | |||||||
| Other Assets in Excess of Liabilities — 1.1% | 13,653,853 | |||||||
| TOTAL NET ASSETS — 100.0% | $ | 1,221,466,123 | ||||||
| ADR | – American Depository Receipt |
| PLC | – Public Limited Company |
| SP ADR | – Sponsored American Depositary Receipt |
| * | Non-income producing security. |
| 1 | Foreign security denominated in U.S. Dollars. |
| 2 | Partnership is not designated in units. The Fund owns approximately 11.5% of this Fund |
Additional information on Investment Funds is as follows:
| Security | Redemption Permitted | Acquisition Date | Investment Strategy | Redemption Notice Period |
| Echo Street GoodCo Select, L.P. | Monthly | 6/1/2019a | Total Return | 30 Days |
| a | Represents the initial acquisition by the Predecessor Funds. |
