| Security | $Holding | Balance | % of Fund | Category | Position | Country |
|---|---|---|---|---|---|---|
| MA Mastercard Incorporated | 1.56 bn | 3.12 mm shares | 12.32 | Common equity | Long | USA |
| CSU Constellation Software Inc | 1.52 bn | 502.50 k shares | 11.97 | Common equity | Long | Canada |
| KKR KKR & Co. Inc. | 1.37 bn | 9.92 mm shares | 10.83 | Common equity | Long | USA |
| MCO Moody's Corporation | 1.28 bn | 2.83 mm shares | 10.13 | Common equity | Long | USA |
| AMT American Tower Corporation | 1.13 bn | 5.27 mm shares | 8.89 | Common equity | Long | USA |
| V Visa Inc. | 942.88 mm | 3.25 mm shares | 7.45 | Common equity | Long | USA |
| BAM Brookfield Asset Management Ltd. | 917.48 mm | 17.31 mm shares | 7.25 | Common equity | Long | Canada |
| ROP Roper Technologies, Inc. | 772.05 mm | 1.44 mm shares | 6.10 | Common equity | Long | USA |
| ORLY O'Reilly Automotive, Inc. | 766.84 mm | 665.00 k shares | 6.06 | Common equity | Long | USA |
| CSGP CoStar Group, Inc. | 606.90 mm | 8.34 mm shares | 4.79 | Common equity | Long | USA |
| TOI The Oncology Institute, Inc. | 513.62 mm | 6.00 mm shares | 4.06 | Common equity | Long | Netherlands |
| DHR Danaher Corporation | 429.91 mm | 1.75 mm shares | 3.40 | Common equity | Long | USA |
| ABNB Airbnb, Inc. | 335.11 mm | 2.49 mm shares | 2.65 | Common equity | Long | USA |
| US BANK MMDA - USBFS 2 | 149.76 mm | 149.76 mm shares | 1.18 | Short-term investment vehicle | Long | USA |
| CCCS CCC Intelligent Solutions Holdings Inc. | 111.19 mm | 10.68 mm shares | 0.88 | Common equity | Long | USA |
| MC Moelis & Company | 102.93 mm | 154.62 k shares | 0.81 | Common equity | Long | France |
| KMX CarMax, Inc. | 76.53 mm | 1.06 mm shares | 0.60 | Common equity | Long | USA |
| CSU Constellation Software Inc | 0.00 | 628.50 k shares | 0.00 | Equity derivative | N/A | Canada |
