| Security | $Holding | Balance | % of Fund | Category | Position | Country |
|---|---|---|---|---|---|---|
| GOLDMAN SACHS FINANCIAL SQUARE TREASURY INSTRUMENT S FUND | 140.06 mm | 140.06 mm principal | 13.36 | Short-term investment vehicle | Long | USA |
| Vanguard Admiral Funds | 126.00 mm | 126.00 mm principal | 12.02 | Short-term investment vehicle | Long | USA |
| ROST Ross Stores, Inc. | 94.57 mm | 610.65 k shares | 9.02 | Common equity | Long | USA |
| AZO AutoZone, Inc. | 90.92 mm | 28.69 k shares | 8.67 | Common equity | Long | USA |
| ORLY O'Reilly Automotive, Inc. | 66.31 mm | 53.34 k shares | 6.32 | Common equity | Long | USA |
| CMI Cummins Inc. | 62.91 mm | 167.74 k shares | 6.00 | Common equity | Long | USA |
| MA Mastercard Incorporated | 49.88 mm | 93.60 k shares | 4.76 | Common equity | Long | USA |
| DPZ Domino's Pizza, Inc. | 49.56 mm | 104.08 k shares | 4.73 | Common equity | Long | USA |
| ACGL Arch Capital Group Ltd. | 47.86 mm | 475.14 k shares | 4.56 | Common equity | Long | Bermuda |
| V Visa Inc. | 46.07 mm | 146.22 k shares | 4.39 | Common equity | Long | USA |
| TJX The TJX Companies, Inc. | 44.41 mm | 353.34 k shares | 4.24 | Common equity | Long | USA |
| MCO Moody's Corporation | 38.60 mm | 77.21 k shares | 3.68 | Common equity | Long | USA |
| PGR The Progressive Corporation | 36.50 mm | 135.76 k shares | 3.48 | Common equity | Long | USA |
| EXPD Expeditors International of Washington, Inc. | 33.95 mm | 279.11 k shares | 3.24 | Common equity | Long | USA |
| NVR NVR, Inc. | 32.32 mm | 3.50 k shares | 3.08 | Common equity | Long | USA |
| FAST Fastenal Company | 29.18 mm | 349.24 k shares | 2.78 | Common equity | Long | USA |
| STRA Strategic Education, Inc. | 28.05 mm | 283.87 k shares | 2.67 | Common equity | Long | USA |
| Walt Disney Co | 27.98 mm | 238.23 k shares | 2.67 | Common equity | Long | USA |
