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
AIRBNB INC COM CL A 009066101 BBG001Y2XS07 141,906,878 935,876 SH   SOLE   935,876 0 0
AMERICAN TOWER CORP NEW COM 03027X100 BBG000B9Y2N0 1,192,386,595 6,134,307 SH   SOLE   6,134,307 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 BBG000DWG505 6,466,086 15,895 SH   SOLE   15,895 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107 BBG000C9KL89 767,072,738 18,465,882 SH   SOLE   18,465,882 0 0
CCC INTELLIGENT SOLUTIONS HL COM 12510Q100 BBG00WNSJM49 86,832,671 7,815,722 SH   SOLE   7,815,722 0 0
CARMAX INC COM 143130102 BBG000BLMZK6 157,351,630 2,145,509 SH   SOLE   2,145,509 0 0
COSTAR GROUP INC COM 22160N109 BBG000D7JKW9 650,239,161 8,770,423 SH   SOLE   8,770,423 0 0
DANAHER CORPORATION COM 235851102 BBG000BH3JF8 443,583,690 1,775,400 SH   SOLE   1,775,400 0 0
DIGITALBRIDGE GROUP INC CL A COM 25401T603 BBG00D30HGP6 49,910,391 3,643,094 SH   SOLE   3,643,094 0 0
GOOSEHEAD INS INC COM CL A 38267D109 BBG00KHHBMC5 21,030,220 366,125 SH   SOLE   366,125 0 0
KKR & CO L P DEL COM UNITS 48251w104 BBG000BCQ6J8 1,440,716,189 13,689,816 SH   SOLE   13,689,816 0 0
MASTERCARD INCORPORATED CL A 57636Q104 BBG000F1ZSQ2 1,781,999,205 4,039,349 SH   SOLE   4,039,349 0 0
MOODYS CORP COM 615369105 BBG000F86GP6 1,776,789,307 4,221,104 SH   SOLE   4,221,104 0 0
OREILLY AUTOMOTIVE INC COM 67103H107 BBG000BGYWY6 1,009,676,789 956,079 SH   SOLE   956,079 0 0
ROPER TECHNOLOGIES INC COM 776696106 BBG000F1ZSN5 870,110,105 1,543,679 SH   SOLE   1,543,679 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 BBG01G275Q48 98,150,000 500,000 SH   SOLE   500,000 0 0
SOPHIA GENETICS SA ORDINARY SHARES H82027105 BBG011PFK7Q9 8,795,579 1,920,432 SH   SOLE   1,920,432 0 0
VERISK ANALYTICS INC CL A 92345Y106 BBG000BCZL41 4,331,399 16,069 SH   SOLE   16,069 0 0
VISA INC COM CL A 92826C839 BBG000PSKYX7 858,733,598 3,271,740 SH   SOLE   3,271,740 0 0