Ross Stores, Inc.

0001752724-24-128169.txt : 20240530 0001752724-24-128169.hdr.sgml : 20240530 20240530124632 ACCESSION NUMBER: 0001752724-24-128169 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240530 DATE AS OF CHANGE: 20240530 PERIOD START: 20241231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FENIMORE ASSET MANAGEMENT TRUST CENTRAL INDEX KEY: 0000797136 ORGANIZATION NAME: IRS NUMBER: 146131155 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-04750 FILM NUMBER: 241003188 BUSINESS ADDRESS: STREET 1: 384 N GRAND ST STREET 2: PO BOX 399 CITY: COBLESKILL STATE: NY ZIP: 12043 BUSINESS PHONE: 518-234-7400 MAIL ADDRESS: STREET 1: P O BOX 399 CITY: COBLESKILL STATE: NY ZIP: 12043 FORMER COMPANY: FORMER CONFORMED NAME: FENIMORE ASSET MANAGEMENT TRUST FAM VALUE FUND SERIES DATE OF NAME CHANGE: 19920703

0000797136 S000010873 FAM Dividend Focus Fund

C000030128 Investor Class FAMEX

NPORT-P 1 primary_doc.xml NPORT-P false 0000797136 XXXXXXXX S000010873 C000030128 Fenimore Asset Management Trust 811-04750 0000797136 5493004VCQ6EILLEK631 384 North Grand Street Cobleskill 12043 800-932-3271 FAM DIVIDEND FOCUS FUND S000010873 549300YKLHC8OPI53R12 2024-12-31 2024-03-31 N 761984378.92 1154132.49 760830246.43 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0 N Ross Stores Inc 549300ENZFLPGRDFZQ60 Ross Stores, Inc. 778296103 240026.00000000 NS USD 35226215.76000000 4.629970473083 Long EC CORP US N 1 N N N Steris PLC N/A STERIS plc G8473T100 75800.00000000 NS USD 17041356.00000000 2.239836820363 Long EC CORP US N 1 N N N CDW Corp 9845001B052ABF0B6755 CDW Corporation 12514G108 217000.00000000 NS USD 55504260.00000000 7.295222588802 Long EC CORP US N 1 N N N Fastenal Co. 529900PP0C7H2HHPSJ32 Fastenal Company 311900104 349000.00000000 NS USD 26921860.00000000 3.538484455149 Long EC CORP US N 1 N N N McCormick & Company, Incorporated 549300JQQA6MQ4OJP259 McCormick & Company, Inc. Non-Voting Shares 579780206 103200.00000000 NS USD 7926792.00000000 1.041860787895 Long EC CORP US N 1 N N N Vulcan Materials Company 549300Q8LSNHAVWBNI21 Vulcan Materials Company 929160109 102830.00000000 NS USD 28064363.60000000 3.688649831113 Long EC CORP US N 1 N N N Paychex Inc 529900K900DW6SUBM174 Paychex, Inc. 704326107 231400.00000000 NS USD 28415920.00000000 3.734856774337 Long EC CORP US N 1 N N N Martin Marietta Materials Inc 5299005MZ4WZECVATV08 Martin Marietta Materials, Inc. 573284106 47380.00000000 NS USD 29088477.20000000 3.823254574392 Long EC CORP US N 1 N N N Amphenol Corporation 549300D3L3G0R4U4VT04 Amphenol Corporation Class A 032095101 75251.00000000 NS USD 8680202.85000000 1.140885616828 Long EC CORP US N 1 N N N Verisk Analytics, Inc. 549300I1YSWNIRKBWP67 Verisk Analytics, Inc. 92345Y106 70320.00000000 NS USD 16576533.60000000 2.178742719257 Long EC CORP US N 1 N N N Heico Corp 529900O1DTDLCJ7L0I14 HEICO Corporation Class A 422806208 166705.00000000 NS USD 25662567.70000000 3.372968913948 Long EC CORP US N 1 N N N Short-Term Invts T 549300UJV6OHYATSFU27 Invesco Treasury Portfolio Institutional Class 825252406 34799883.23000000 PA USD 34799883.23000000 4.573935302032 Long STIV RF US N 1 N N N Republic Services, Inc. NKNQHM6BLECKVOQP7O46 Republic Services, Inc. 760759100 152890.00000000 NS USD 29269261.60000000 3.847016037721 Long EC CORP US N 1 N N N Roper Technologies Inc 54930003T4SXCIWVXY35 Roper Technologies, Inc. 776696106 25200.00000000 NS USD 14133168.00000000 1.857598073462 Long EC CORP US N 1 N N N Stryker Corporation 5493002F0SC4JTBU5137 Stryker Corporation 863667101 107000.00000000 NS USD 38292090.00000000 5.032934768258 Long EC CORP US N 1 N N N Trane Technologies PLC 549300BURLR9SLYY2705 Trane Technologies plc G8994E103 200300.00000000 NS USD 60130060.00000000 7.903216293272 Long EC CORP US N 1 N N N Gallagher Aj &Co 54930049QLLMPART6V29 Arthur J. Gallagher & Company 363576109 208500.00000000 NS USD 52133340.00000000 6.852164493278 Long EC CORP US N 1 N N N Avery Dennison Corporation 549300PW7VPFCYKLIV37 Avery Dennison Corporation 053611109 100367.00000000 NS USD 22406932.75000000 2.945063350877 Long EC CORP US N 1 N N N Watsco Inc 549300F1Y3LN5BX5WN75 Watsco, Inc. 942622200 21720.00000000 NS USD 9382388.40000000 1.233177629835 Long EC CORP US N 1 N N N Idex Corporation 549300U5Y5EL6PHYLF13 IDEX Corporation 45167R104 127100.00000000 NS USD 31014942.00000000 4.076460175647 Long EC CORP US N 1 N N N Microchip Technology Incorporated 5493007PTFULNYZJ1R12 Microchip Technology, Inc. 595017104 414920.00000000 NS USD 37222473.20000000 4.892349295346 Long EC CORP US N 1 N N N Entegris Inc IYX6OWO7BT5DKO3BYG52 Entegris, Inc. 29362U104 253000.00000000 NS USD 35556620.00000000 4.673397274469 Long EC CORP US N 1 N N N Cintas Corporation N/A Cintas Corporation 172908105 39783.00000000 NS USD 27332114.49000000 3.592406403169 Long EC CORP US N 1 N N N Pool Corporation 5493005VZK1KMN6CO617 Pool Corporation 73278L105 53900.00000000 NS USD 21748650.00000000 2.858541718346 Long EC CORP US N 1 N N N Agilent Technologies Inc. QUIX8Y7A2WP0XRMW7G29 Agilent Technologies, Inc. 00846U101 99730.00000000 NS USD 14511712.30000000 1.907352181132 Long EC CORP US N 1 N N N Henry Jack & Associates Inc. 529900X1QS8C54W0JB21 Jack Henry & Associates, Inc. 426281101 121800.00000000 NS USD 21160314.00000000 2.781213562327 Long EC CORP US N 1 N N N Broadridge Financial Solutions Inc. 549300KZDJZQ2YIHRC28 Broadridge Financial Solutions, Inc. 11133T103 159400.00000000 NS USD 32654684.00000000 4.291980261460 Long EC CORP US N 1 N N N 2024-05-29 Susan McLauchlan Susan McLauchlan Susan McLauchlan VP Fund Accounting XXXX NPORT-EX 2 302.htm 302 SOI

FAM VALUE FUND
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)

COMMON STOCKS - 96.4%	Shares	Value
Banks - 3.7%
Pinnacle Financial Partners, Inc.	386,527	$ 33,194,939
SouthState Corporation	364,610	31,002,788
		64,197,727
Building Products - 1.1%
Fortune Brands Innovations, Inc.	226,732	19,197,398

Capital Markets - 4.7%
Brookfield Asset Management Ltd. - Class A	397,940	16,721,439
Brookfield Corporation - Class A	1,591,760	66,646,991
		83,368,430
Construction Materials - 4.6%
Vulcan Materials Company	297,930	81,311,055

Diversified Financial Services - 3.1%
Berkshire Hathaway, Inc. - Class A ^(a)	86	54,561,840

Electronic Equipment, Instruments & Components - 16.5%
Amphenol Corporation - Class A	573,240	66,123,234
CDW Corporation	558,200	142,776,396
Keysight Technologies, Inc. ^(a)	175,200	27,397,776
Zebra Technologies Corporation - Class A ^(a)	179,460	54,096,422
		290,393,828
Food Products - 0.9%
McCormick & Company, Inc.	215,300	16,537,193

Health Care Equipment & Supplies - 4.2%
Stryker Corporation	208,000	74,436,960

Hotels, Restaurants & Leisure - 2.4%
Booking Holdings, Inc.	11,350	41,176,438

Insurance - 15.8%
Brown & Brown, Inc.	1,441,492	126,188,210
Markel Group, Inc. ^(a)	53,850	81,931,698

FAM VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)

COMMON STOCKS - 96.4% (Continued)	Shares	Value
Insurance - 15.8% (Continued)
Progressive Corporation (The)	340,000	$ 70,318,800
		278,438,708
Life Sciences Tools & Services - 2.7%
Waters Corporation ^(a)	138,700	47,744,701

Machinery - 13.3%
Graco, Inc.	670,180	62,635,023
IDEX Corporation	431,530	105,301,950
Illinois Tool Works, Inc.	242,560	65,086,125
		233,023,098
Oil, Gas & Consumable Fuels - 1.7%
EOG Resources, Inc.	233,500	29,850,640

Professional Services - 1.9%
ExlService Holdings, Inc. ^(a)	1,072,900	34,118,220

Semiconductors & Semiconductor Equipment - 4.5%
Analog Devices, Inc.	279,510	55,284,283
Microchip Technology, Inc.	258,860	23,222,331
		78,506,614
Specialty Retail - 11.9%
AutoZone, Inc. ^(a)	18,265	57,564,887
CarMax, Inc. ^(a)	373,296	32,517,815
Ross Stores, Inc.	810,688	118,976,571
		209,059,273
Trading Companies & Distributors - 3.4%
Fastenal Company	780,900	60,238,626


Total Common Stocks (Cost $514,858,653)		$ 1,696,160,749

FAM VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)

MONEY MARKET FUNDS - 2.8%	Shares	Value
Invesco Treasury Portfolio - Institutional Class, 5.21% ^(b) (Cost $49,441,010)	49,441,010	$ 49,441,010

Total Investments at Value - 99.2% (Cost $564,299,663)		$ 1,745,601,759

Other Assets in Excess of Liabilities - 0.8%		13,480,774

Net Assets - 100.0%		$ 1,759,082,533

^(a)	Non-income producing security.
^(b)	The rate shown is the 7-day effective yield as of March 31, 2024.

FAM DIVIDEND FOCUS FUND
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)

COMMON STOCKS - 95.4%	Shares	Value
Aerospace & Defense - 3.4%
HEICO Corporation - Class A	166,705	$ 25,662,568

Building Products - 7.9%
Trane Technologies plc	200,300	60,130,060

Commercial Services & Supplies - 3.6%
Cintas Corporation	39,783	27,332,114

Commercial Support Services - 3.8%
Republic Services, Inc.	152,890	29,269,262

Construction Materials - 7.5%
Martin Marietta Materials, Inc.	47,380	29,088,477
Vulcan Materials Company	102,830	28,064,364
		57,152,841
Containers & Packaging - 2.9%
Avery Dennison Corporation	100,367	22,406,933

Distributors - 2.9%
Pool Corporation	53,900	21,748,650

Electronic Equipment, Instruments & Components - 8.4%
Amphenol Corporation - Class A	75,251	8,680,203
CDW Corporation	217,000	55,504,260
		64,184,463
Food Products - 1.0%
McCormick & Company, Inc.	103,200	7,926,792

Health Care Equipment & Supplies - 7.3%
STERIS plc	75,800	17,041,356
Stryker Corporation	107,000	38,292,090
		55,333,446
Industrial Conglomerates - 1.9%
Roper Technologies, Inc.	25,200	14,133,168

FAM DIVIDEND FOCUS FUND
SCHEDULE OF INVESTMENTS (Continued)

COMMON STOCKS - 95.4% (Continued)	Shares	Value
Insurance - 6.8%
Arthur J. Gallagher & Company	208,500	$ 52,133,340

IT Services - 10.8%
Broadridge Financial Solutions, Inc.	159,400	32,654,684
Jack Henry & Associates, Inc.	121,800	21,160,314
Paychex, Inc.	231,400	28,415,920
		82,230,918
Life Sciences Tools & Services - 1.9%
Agilent Technologies, Inc.	99,730	14,511,712

Machinery - 4.1%
IDEX Corporation	127,100	31,014,942

Professional Services - 2.2%
Verisk Analytics, Inc.	70,320	16,576,534

Semiconductors & Semiconductor Equipment - 9.6%
Entegris, Inc.	253,000	35,556,620
Microchip Technology, Inc.	414,920	37,222,473
		72,779,093
Specialty Retail - 4.6%
Ross Stores, Inc.	240,026	35,226,216

Trading Companies & Distributors - 4.8%
Fastenal Company	349,000	26,921,860
Watsco, Inc.	21,720	9,382,388
		36,304,248

Total Common Stocks (Cost $326,096,031)		$ 726,057,300

FAM DIVIDEND FOCUS FUND
SCHEDULE OF INVESTMENTS (Continued)

MONEY MARKET FUNDS - 4.6%	Shares	Value
Invesco Treasury Portfolio - Institutional Class, 5.21% ^(a) (Cost $34,799,883)	34,799,883	$ 34,799,883

Total Investments at Value - 100.0% (Cost $360,895,914)		$ 760,857,183

Liabilities in Excess of Other Assets - (0.0%) ^(b)		(26,937 )

Net Assets - 100.0%		$ 760,830,246

^(a)	The rate shown is the 7-day effective yield as of March 31, 2024.
^(b)	Percentage rounds to less than 0.1%.

FAM SMALL CAP FUND
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)

COMMON STOCKS - 94.0%	Shares	Value
Banks - 9.5%
Home BancShares, Inc.	412,135	$ 10,126,157
Pinnacle Financial Partners, Inc.	184,100	15,810,508
SouthState Corporation	134,606	11,445,548
		37,382,213
Chemicals - 3.1%
Element Solutions, Inc.	485,730	12,133,535

Diversified Consumer Services - 3.0%
Frontdoor, Inc. ^(a)	364,875	11,887,627

Food Products - 3.8%
Nomad Foods Ltd.	763,815	14,940,221

Gas Utilities - 3.6%
Brookfield Infrastructure Corporation - Class A	389,775	14,047,491

Health Care Facilities & Services - 3.7%
Chemed Corporation	22,655	14,542,924

Hotels, Restaurants & Leisure - 6.6%
Choice Hotels International, Inc.	108,500	13,708,975
Dutch Bros, Inc. - Class A ^(a)	363,147	11,983,851
		25,692,826
Insurance - 5.6%
Hagerty, Inc. - Class A ^(a)	729,259	6,672,720
Trisura Group Ltd. ^(a)	492,980	15,158,257
		21,830,977
IT Services - 2.7%
Cass Information Systems, Inc.	222,645	10,724,810

Machinery - 2.8%
Franklin Electric Company, Inc.	104,500	11,161,645

FAM SMALL CAP FUND
SCHEDULE OF INVESTMENTS (Continued)

COMMON STOCKS - 94.0% (Continued)	Shares	Value
Media - 2.8%
Boston Omaha Corporation - Class A ^(a)	718,195	$ 11,103,295

Multi-Line Retail - 3.1%
Ollie's Bargain Outlet Holdings, Inc. ^(a)	150,550	11,979,264

Professional Services - 16.4%
CBIZ, Inc. ^(a)	415,227	32,595,319
ExlService Holdings, Inc. ^(a)	634,470	20,176,146
Exponent, Inc.	139,437	11,530,046
		64,301,511
Real Estate Management & Development - 8.3%
Colliers International Group, Inc.	167,455	20,468,025
FirstService Corporation	72,534	12,026,137
		32,494,162
Real Estate Owners & Developers - 4.1%
Dream Finders Homes, Inc. - Class A ^(a)	364,785	15,952,048

Road & Rail - 3.2%
Landstar System, Inc.	65,700	12,664,332

Software - 5.4%
Descartes Systems Group, Inc. (The) ^(a)	101,200	9,262,836
SPS Commerce, Inc. ^(a)	65,008	12,019,979
		21,282,815
Specialty Retail - 2.7%
Floor & Decor Holdings, Inc. - Class A ^(a)	80,558	10,441,928

Trading Companies & Distributors - 3.6%
SiteOne Landscape Supply, Inc. ^(a)	81,427	14,213,083


Total Common Stocks (Cost $226,912,884)		$ 368,776,707

FAM SMALL CAP FUND
SCHEDULE OF INVESTMENTS (Continued)

MONEY MARKET FUNDS - 6.0%	Shares	Value
Invesco Treasury Portfolio - Institutional Class, 5.21% ^(b) (Cost $23,619,668)	23,619,668	$ 23,619,668

Total Investments at Value - 100.0% (Cost $250,532,552)		$ 392,396,375

Liabilities in Excess of Other Assets - (0.0%) ^(c)		(68,194 )

Net Assets - 100.0%		$ 392,328,181

^(a)	Non-income producing security.
^(b)	The rate shown is the 7-day effective yield as of March 31, 2024.
^(c)	Percentage rounds to less than 0.1%.