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
AIRBNB INC NOTE 3/1 009066AB7   1,631,420 1,750,000 PRN   DFND   0 1,750,000 0
AIR PRODS & CHEMS INC COM 009158106   5,559,854 22,949 SH   DFND   0 22,949 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   982,866 13,583 SH   DFND   0 13,583 0
ALPHABET INC CAP STK CL C 02079K107   2,573,194 16,900 SH   DFND   0 16,900 0
ALPHABET INC CAP STK CL A 02079K305   3,960,252 26,239 SH   DFND   0 26,239 0
ALTICE USA INC CL A 02156K103   153,468 58,800 SH   DFND   0 58,800 0
KINETIK HOLDINGS INC COM NEW CL A 02215L209   582,102 14,600 SH   DFND   0 14,600 0
AMAZON COM INC COM 023135106   6,747,475 37,407 SH   DFND   0 37,407 0
APPLE INC COM 037833100   14,302,804 83,408 SH   DFND   0 83,408 0
APPLOVIN CORP COM CL A 03831W108   8,028,620 115,987 SH   DFND   0 115,987 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   13,982,290 33,250 SH   DFND   0 33,250 0
CHARTER COMMUNICATIONS INC N CL A 16119P108   406,882 1,400 SH   DFND   0 1,400 0
DANAHER CORPORATION COM 235851102   5,257,105 21,052 SH   DFND   0 21,052 0
DATADOG INC CL A COM 23804L103   486,119 3,933 SH   DFND   0 3,933 0
DISNEY WALT CO COM 254687106   1,692,361 13,831 SH   DFND   0 13,831 0
DOVER CORP COM 260003108   2,294,256 12,948 SH   DFND   0 12,948 0
META PLATFORMS INC CL A 30303M102   7,877,079 16,222 SH   DFND   0 16,222 0
FIRSTSERVICE CORP NEW COM 33767E202   1,521,712 9,178 SH   DFND   0 9,178 0
GOLDMAN SACHS GROUP INC COM 38141G104   637,813 1,527 SH   DFND   0 1,527 0
HEICO CORP NEW COM 422806109   1,367,178 7,158 SH   DFND   0 7,158 0
HOME DEPOT INC COM 437076102   1,235,959 3,222 SH   DFND   0 3,222 0
JPMORGAN CHASE & CO COM 46625H100   5,007,500 25,000 SH   DFND   0 25,000 0
LAS VEGAS SANDS CORP COM 517834107   2,195,492 42,466 SH   DFND   0 42,466 0
MGM RESORTS INTERNATIONAL COM 552953101   3,999,820 84,724 SH   DFND   0 84,724 0
MICROSOFT CORP COM 594918104   11,350,605 26,979 SH   DFND   0 26,979 0
NVIDIA CORPORATION COM 67066G104   4,147,340 4,590 SH   DFND   0 4,590 0
OREILLY AUTOMOTIVE INC COM 67103H107   3,326,809 2,947 SH   DFND   0 2,947 0
PETIQ INC COM CL A 71639T106   36,060,718 1,972,687 SH   DFND   0 1,972,687 0
PDD HOLDINGS INC SPONSORED ADS 722304102   879,431 7,565 SH   DFND   0 7,565 0
PLAINS GP HLDGS L P LTD PARTNR INT A 72651A207   967,250 53,000 SH   DFND   0 53,000 0
ANYWHERE REAL ESTATE INC COM 75605Y106   370,800 60,000 SH   DFND   0 60,000 0
ROPER TECHNOLOGIES INC COM 776696106   2,075,669 3,701 SH   DFND   0 3,701 0
S&P GLOBAL INC COM 78409V104   732,625 1,722 SH   DFND   0 1,722 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   73,333,368 140,198 SH   DFND   0 140,198 0
LIGHT & WONDER INC COM 80874P109   4,002,132 39,202 SH   DFND   0 39,202 0
SERVICENOW INC COM 81762P102   487,936 640 SH   DFND   0 640 0
SHERWIN WILLIAMS CO COM 824348106   3,578,194 10,302 SH   DFND   0 10,302 0
TRANSDIGM GROUP INC COM 893641100   3,457,101 2,807 SH   DFND   0 2,807 0
UBER TECHNOLOGIES INC COM 90353T100   549,863 7,142 SH   DFND   0 7,142 0
WATERS CORP COM 941848103   2,823,030 8,201 SH   DFND   0 8,201 0
WELLS FARGO CO NEW COM 949746101   1,593,900 27,500 SH   DFND   0 27,500 0