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
Estimated average burden
hours per response: 23.8
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
ALPHABET INC CAP STK CL A 02079K305   35,781,921 298,930 SH   SOLE   298,930 0 0
ALPHABET INC CAP STK CL C 02079K107   335,692 2,775 SH   SOLE   2,775 0 0
AMAZON COM INC COM 023135106   81,231,227 623,130 SH   SOLE   623,130 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107   649,199 21,925 SH   SOLE   21,925 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   129,003,710 378,310 SH   SOLE   378,310 0 0
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105   13,635,881 417,894 SH   SOLE   417,894 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   74,186,338 2,204,646 SH   SOLE   2,204,646 0 0
COMCAST CORP NEW CL A 20030N101   61,002,962 1,468,182 SH   SOLE   1,468,182 0 0
DICE THERAPEUTICS INC COM 23345J104   263,986 5,682 SH   SOLE   5,682 0 0
ECOLAB INC COM 278865100   66,121,864 354,180 SH   SOLE   354,180 0 0
ELEVANCE HEALTH INC COM 036752103   62,686,209 141,093 SH   SOLE   141,093 0 0
EXPEDITORS INTL WASH INC COM 302130109   2,430,473 20,065 SH   SOLE   20,065 0 0
FASTENAL CO COM 311900104   84,614,135 1,434,381 SH   SOLE   1,434,381 0 0
JPMORGAN CHASE & CO COM 46625H100   37,411,822 257,232 SH   SOLE   257,232 0 0
MARTIN MARIETTA MATLS INC COM 573284106   50,955,340 110,367 SH   SOLE   110,367 0 0
NETFLIX INC COM 64110L106   104,002,332 236,106 SH   SOLE   236,106 0 0
NIKE INC CL B 654106103   48,098,363 435,792 SH   SOLE   435,792 0 0
PAYCHEX INC COM 704326107   111,113,647 993,239 SH   SOLE   993,239 0 0
PROGRESSIVE CORP COM 743315103   184,602,673 1,394,596 SH   SOLE   1,394,596 0 0
REGENERON PHARMACEUTICALS COM 75886F107   107,205,449 149,199 SH   SOLE   149,199 0 0
UNION PAC CORP COM 907818108   40,156,061 196,247 SH   SOLE   196,247 0 0
US BANCORP DEL COM NEW 902973304   318,803 9,649 SH   SOLE   9,649 0 0
WELLS FARGO CO NEW COM 949746101   44,191,085 1,035,405 SH   SOLE   1,035,405 0 0