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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN TOWER CORP NEW COM 03027X100 BBG000B9Y2N0 1,113,034,437 6,768,224 SH   SOLE   6,768,224 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 BBG000DWG505 5,993,633 17,110 SH   SOLE   17,110 0 0
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105 BBG01BPHNXZ3 115,485,492 3,463,872 SH   SOLE   3,463,872 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107 BBG000C9KL89 567,383,237 18,144,651 SH   SOLE   18,144,651 0 0
CARMAX INC COM 143130102 BBG000BLMZK6 193,337,767 2,733,462 SH   SOLE   2,733,462 0 0
COSTAR GROUP INC COM 22160N109 BBG000D7JKW9 557,392,987 7,249,226 SH   SOLE   7,249,226 0 0
DANAHER CORPORATION COM 235851102 BBG000BH3JF8 440,476,740 1,775,400 SH   SOLE   1,775,400 0 0
DIGITALBRIDGE GROUP INC CL A COM 25401T603 BBG00D30HGP6 78,189,327 4,447,630 SH   SOLE   4,447,630 0 0
DOLLAR TREE INC COM 256746108 BBG000BSC0K9 3,078,108 28,916 SH   SOLE   28,916 0 0
GOOSEHEAD INS INC COM CL A 38267D109 BBG00KHHBMC5 18,160,874 243,672 SH   SOLE   243,672 0 0
KKR & CO L P DEL COM UNITS 48251w104 BBG000BCQ6J8 1,041,693,383 16,910,607 SH   SOLE   16,910,607 0 0
MASTERCARD INCORPORATED CL A 57636Q104 BBG000F1ZSQ2 2,316,374,788 5,850,761 SH   SOLE   5,850,761 0 0
MOODYS CORP COM 615369105 BBG000F86GP6 1,610,774,226 5,094,646 SH   SOLE   5,094,646 0 0
OREILLY AUTOMOTIVE INC COM 67103H107 BBG000BGYWY6 959,277,191 1,055,473 SH   SOLE   1,055,473 0 0
ROPER TECHNOLOGIES INC COM 776696106 BBG000F1ZSN5 762,624,289 1,574,759 SH   SOLE   1,574,759 0 0
VERISK ANALYTICS INC CL A 92345Y106 BBG000BCZL41 4,402,332 18,635 SH   SOLE   18,635 0 0
VISA INC COM CL A 92826C839 BBG000PSKYX7 1,104,267,430 4,800,954 SH   SOLE   4,800,954 0 0
MASTERCARD INCORPORATED COM 57636Q104 BBG000F1ZSQ2 623,462,836 10,000 SH Call SOLE   10,000 0 0