# EDGAR Filing Document

**Accession Number:** 0002080423
**File Stem:** 0002080423-26-000002
**Filing Date:** 2026-2
**Character Count:** 26185
**Document Hash:** 2becc16284c1942bb1561c6cc15c333d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002080423-26-000002.hdr.sgml**: 20260211

**ACCESSION NUMBER**: 0002080423-26-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260211

**DATE AS OF CHANGE**: 20260211

**EFFECTIVENESS DATE**: 20260211

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Westerkirk Capital Inc.
- **CENTRAL INDEX KEY:** 0002080423

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** 549300JKZ1KLOOMQV576

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25713
- **FILM NUMBER:** 26619556

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 747 FORT STREET
- **STREET 2:** SUITE 1100
- **CITY:** VICTORIA
- **NON US STATE TERRITORY:** BRITISH COLUMBIA
- **PROVINCE COUNTRY:** A1
- **ZIP:** V8W 3E9
- **BUSINESS PHONE:** 250-381-9959

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 747 FORT STREET
- **STREET 2:** SUITE 1100
- **CITY:** VICTORIA
- **NON US STATE TERRITORY:** BRITISH COLUMBIA
- **PROVINCE COUNTRY:** A1
- **ZIP:** V8W 3E9

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Westerkirk Capital Inc.<br>**Address:** 747 FORT STREET<br>SUITE 1100<br>VICTORIA, A1 V8W 3E9

**Form 13F File Number:** 028-25713

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Bryce Maxwell<br>**Title:** Vice President of Finance<br>**Phone:** 250-381-9959

**Signature, Place, and Date of Signing:**

Bryce Maxwell  Victoria, Z4  02-11-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 235

**Form 13F Information Table Value Total:** $1026276580

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 7296687 | 27196 | SH |  | SOLE |  | 27196 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 9914517 | 28328 | SH |  | SOLE |  | 28328 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 871133 | 7900 | SH |  | SOLE |  | 7900 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 1363888 | 8040 | SH |  | SOLE |  | 8040 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 6546030 | 26500 | SH |  | SOLE |  | 26500 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 12376020 | 39540 | SH |  | SOLE |  | 39540 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 12835048 | 40902 | SH |  | SOLE |  | 40902 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 177684 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 931646 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 913276 | 6758 | SH |  | SOLE |  | 6758 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 39009463 | 143491 | SH |  | SOLE |  | 143491 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 9354436 | 36400 | SH |  | SOLE |  | 36400 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 5897273 | 8752 | SH |  | SOLE |  | 8752 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 633072 | 6600 | SH |  | SOLE |  | 6600 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 6608629 | 50436 | SH |  | SOLE |  | 50436 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 6765714 | 40361 | SH |  | SOLE |  | 40361 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 4476059 | 17401 | SH |  | SOLE |  | 17401 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 743371 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 109128 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 |  | 268135 | 2064 | SH |  | SOLE |  | 2064 | 0 | 0 |
| BANK NOVA SCOTIA HALIFAX | COM | 064149107 |  | 260877 | 3536 | SH |  | SOLE |  | 3536 | 0 | 0 |
| BCE INC | COM NEW | 05534B760 |  | 63566 | 2664 | SH |  | SOLE |  | 2664 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 1773645 | 26500 | SH |  | SOLE |  | 26500 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 3068665 | 2867 | SH |  | SOLE |  | 2867 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 1074229 | 20500 | SH |  | SOLE |  | 20500 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 282008 | 6140 | SH |  | SOLE |  | 6140 | 0 | 0 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 46594 | 1340 | SH |  | SOLE |  | 1340 | 0 | 0 |
| BROWN FORMAN CORP | CL B | 115637209 |  | 44302 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 3155183 | 10094 | SH |  | SOLE |  | 10094 | 0 | 0 |
| CAE INC | COM | 124765108 |  | 27352 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 111748 | 1220 | SH |  | SOLE |  | 1220 | 0 | 0 |
| CANADIAN IMPERIAL BANK OF CO | COM | 136069101 |  | 235511 | 2597 | SH |  | SOLE |  | 2597 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 201600 | 5950 | SH |  | SOLE |  | 5950 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 1250550 | 12640 | SH |  | SOLE |  | 12640 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 6878559 | 93400 | SH |  | SOLE |  | 93400 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 552200 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 1318478 | 8200 | SH |  | SOLE |  | 8200 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 67523 | 3990 | SH |  | SOLE |  | 3990 | 0 | 0 |
| CGI INC | CL A SUB VTG | 12532H104 |  | 187846 | 2033 | SH |  | SOLE |  | 2033 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 222672 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 6595250 | 178250 | SH |  | SOLE |  | 178250 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 2388489 | 12700 | SH |  | SOLE |  | 12700 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 2020792 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 3717324 | 53173 | SH |  | SOLE |  | 53173 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 |  | 847224 | 12600 | SH |  | SOLE |  | 12600 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 5224056 | 6058 | SH |  | SOLE |  | 6058 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 4667148 | 32404 | SH |  | SOLE |  | 32404 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 2456979 | 23700 | SH |  | SOLE |  | 23700 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 656425 | 7700 | SH |  | SOLE |  | 7700 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 1062516 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 883425 | 1444 | SH |  | SOLE |  | 1444 | 0 | 0 |
| EMERA INC | COM | 290876101 |  | 44367 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 296161 | 6187 | SH |  | SOLE |  | 6187 | 0 | 0 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 |  | 624096 | 9900 | SH |  | SOLE |  | 9900 | 0 | 0 |
| ERIE INDTY CO | CL A | 29530P102 |  | 188616 | 658 | SH |  | SOLE |  | 658 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 566238 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 1637304 | 40800 | SH |  | SOLE |  | 40800 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 1488957 | 4029 | SH |  | SOLE |  | 4029 | 0 | 0 |
| FIRSTSERVICE CORP NEW | COM | 33767E202 |  | 155564 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| FORTIS INC | COM | 349553107 |  | 73331 | 1410 | SH |  | SOLE |  | 1410 | 0 | 0 |
| FRANCO NEV CORP | COM | 351858105 |  | 638649 | 3080 | SH |  | SOLE |  | 3080 | 0 | 0 |
| FUTU HLDGS LTD | SPON ADS CL A | 36118L106 |  | 328420 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 4198995 | 20700 | SH |  | SOLE |  | 20700 | 0 | 0 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 33763 | 540 | SH |  | SOLE |  | 540 | 0 | 0 |
| GRACO INC | COM | 384109104 |  | 327880 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| WW GRAINGER INC | COM | 384802104 |  | 1771892 | 1756 | SH |  | SOLE |  | 1756 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 309366 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 1428831 | 2112 | SH |  | SOLE |  | 2112 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 3078750 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 684464 | 7920 | SH |  | SOLE |  | 7920 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 310216 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 8290210 | 40059 | SH |  | SOLE |  | 40059 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 |  | 597327 | 21200 | SH |  | SOLE |  | 21200 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 11337911 | 9331 | SH |  | SOLE |  | 9331 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 12550918 | 73320 | SH |  | SOLE |  | 73320 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 14184701 | 13199 | SH |  | SOLE |  | 13199 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 1934958 | 4538 | SH |  | SOLE |  | 4538 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 3434541 | 7101 | SH |  | SOLE |  | 7101 | 0 | 0 |
| LOGITECH INTL S A | SHS | H50430232 |  | 150330 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 3445282 | 16579 | SH |  | SOLE |  | 16579 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 |  | 42662 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 1876629 | 51550 | SH |  | SOLE |  | 51550 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 1374703 | 7410 | SH |  | SOLE |  | 7410 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 24719675 | 43301 | SH |  | SOLE |  | 43301 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 5220896 | 49600 | SH |  | SOLE |  | 49600 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 26843220 | 40666 | SH |  | SOLE |  | 40666 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 45386286 | 93847 | SH |  | SOLE |  | 93847 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 2305780 | 2544 | SH |  | SOLE |  | 2544 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 743699 | 9700 | SH |  | SOLE |  | 9700 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 1731271 | 3389 | SH |  | SOLE |  | 3389 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 910265 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 12273184 | 130900 | SH |  | SOLE |  | 130900 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 8360026 | 131220 | SH |  | SOLE |  | 131220 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 83973 | 1360 | SH |  | SOLE |  | 1360 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 38028283 | 203905 | SH |  | SOLE |  | 203905 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 2880644 | 395 | SH |  | SOLE |  | 395 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 784000 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 307577 | 3809 | SH |  | SOLE |  | 3809 | 0 | 0 |
| OPEN TEXT CORP | COM | 683715106 |  | 22804 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 123738 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 1032056 | 9200 | SH |  | SOLE |  | 9200 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 207168 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 64836 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 1944265 | 13547 | SH |  | SOLE |  | 13547 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 174182 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 481186 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 4241976 | 29600 | SH |  | SOLE |  | 29600 | 0 | 0 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 1246119 | 4802 | SH |  | SOLE |  | 4802 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 2861144 | 24400 | SH |  | SOLE |  | 24400 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 7885405 | 46100 | SH |  | SOLE |  | 46100 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 505827 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 60752 | 890 | SH |  | SOLE |  | 890 | 0 | 0 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 |  | 42178 | 1117 | SH |  | SOLE |  | 1117 | 0 | 0 |
| ROLLINS INC | COM | 775711104 |  | 474158 | 7900 | SH |  | SOLE |  | 7900 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 657921 | 3858 | SH |  | SOLE |  | 3858 | 0 | 0 |
| RPM INTL INC | COM | 749685103 |  | 93600 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 608852 | 1879 | SH |  | SOLE |  | 1879 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 533132 | 3310 | SH |  | SOLE |  | 3310 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 2073232 | 11200 | SH |  | SOLE |  | 11200 | 0 | 0 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 |  | 1040324 | 16660 | SH |  | SOLE |  | 16660 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 1803047 | 40610 | SH |  | SOLE |  | 40610 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 163157 | 2962 | SH |  | SOLE |  | 2962 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 61383 | 1280 | SH |  | SOLE |  | 1280 | 0 | 0 |
| TELUS CORPORATION | COM | 87971M103 |  | 57180 | 4337 | SH |  | SOLE |  | 4337 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 8327520 | 48000 | SH |  | SOLE |  | 48000 | 0 | 0 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 2904081 | 10111 | SH |  | SOLE |  | 10111 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 18613692 | 121175 | SH |  | SOLE |  | 121175 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 438302 | 4649 | SH |  | SOLE |  | 4649 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 2744638 | 7052 | SH |  | SOLE |  | 7052 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 3341470 | 5523 | SH |  | SOLE |  | 5523 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 285529 | 586 | SH |  | SOLE |  | 586 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 8197952 | 24834 | SH |  | SOLE |  | 24834 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 7107899 | 113781 | SH |  | SOLE |  | 113781 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 77409185 | 1439903 | SH |  | SOLE |  | 1439903 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 29956746 | 47768 | SH |  | SOLE |  | 47768 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 424137 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 2298989 | 5071 | SH |  | SOLE |  | 5071 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 18004750 | 51338 | SH |  | SOLE |  | 51338 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 124562 | 710 | SH |  | SOLE |  | 710 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 289051 | 761 | SH |  | SOLE |  | 761 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 246250 | 895 | SH |  | SOLE |  | 895 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 899646 | 7650 | SH |  | SOLE |  | 7650 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 3480362 | 19488 | SH |  | SOLE |  | 19488 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 6869772 | 54600 | SH |  | SOLE |  | 54600 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 5531760 | 44970 | SH |  | SOLE |  | 44970 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 3845043 | 17271 | SH |  | SOLE |  | 17271 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 20612236 | 206370 | SH |  | SOLE |  | 206370 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 152955029 | 1523760 | SH |  | SOLE |  | 1523760 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 7093207 | 8070 | SH |  | SOLE |  | 8070 | 0 | 0 |
| SERVICE CORP INTL | COM | 817565104 |  | 2144175 | 27500 | SH |  | SOLE |  | 27500 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 9850650 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 2581340 | 34850 | SH |  | SOLE |  | 34850 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 509016 | 1675 | SH |  | SOLE |  | 1675 | 0 | 0 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 1538158 | 39890 | SH |  | SOLE |  | 39890 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 4125925 | 32931 | SH |  | SOLE |  | 32931 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 794021 | 3440 | SH |  | SOLE |  | 3440 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 611559 | 1767 | SH |  | SOLE |  | 1767 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 486986 | 1046 | SH |  | SOLE |  | 1046 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 216276 | 4035 | SH |  | SOLE |  | 4035 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 363148 | 8331 | SH |  | SOLE |  | 8331 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 1099405 | 4307 | SH |  | SOLE |  | 4307 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1881120 | 5838 | SH |  | SOLE |  | 5838 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 346608 | 2717 | SH |  | SOLE |  | 2717 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 631455 | 7728 | SH |  | SOLE |  | 7728 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 7489426 | 67224 | SH |  | SOLE |  | 67224 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 1112484 | 25530 | SH |  | SOLE |  | 25530 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 486170 | 1643 | SH |  | SOLE |  | 1643 | 0 | 0 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 117910 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 2670010 | 9020 | SH |  | SOLE |  | 9020 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 392672 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 6778198 | 11832 | SH |  | SOLE |  | 11832 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 2318679 | 63300 | SH |  | SOLE |  | 63300 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 3051699 | 20300 | SH |  | SOLE |  | 20300 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 4169025 | 52500 | SH |  | SOLE |  | 52500 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 931165 | 3691 | SH |  | SOLE |  | 3691 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 2526444 | 89400 | SH |  | SOLE |  | 89400 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 757900 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 |  | 652134 | 1343 | SH |  | SOLE |  | 1343 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 2462831 | 6425 | SH |  | SOLE |  | 6425 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 974946 | 16700 | SH |  | SOLE |  | 16700 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 578124 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 236588 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 1143707 | 3943 | SH |  | SOLE |  | 3943 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 6433902 | 20200 | SH |  | SOLE |  | 20200 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 470214 | 4895 | SH |  | SOLE |  | 4895 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 305453 | 526 | SH |  | SOLE |  | 526 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 479756 | 3273 | SH |  | SOLE |  | 3273 | 0 | 0 |
| CACI INTL INC | CL A | 127190304 |  | 295710 | 555 | SH |  | SOLE |  | 555 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 636530 | 5186 | SH |  | SOLE |  | 5186 | 0 | 0 |
| HSBC HLDGS PLC | SPON ADR NEW | 404280406 |  | 311061 | 3954 | SH |  | SOLE |  | 3954 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 407724 | 13682 | SH |  | SOLE |  | 13682 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 578498 | 1953 | SH |  | SOLE |  | 1953 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 11689441 | 120237 | SH |  | SOLE |  | 120237 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 211497 | 105 | SH |  | SOLE |  | 105 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 1426058 | 14282 | SH |  | SOLE |  | 14282 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 304308 | 1712 | SH |  | SOLE |  | 1712 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 406637 | 1535 | SH |  | SOLE |  | 1535 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 284949 | 1299 | SH |  | SOLE |  | 1299 | 0 | 0 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 284980 | 3577 | SH |  | SOLE |  | 3577 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 558552 | 1242 | SH |  | SOLE |  | 1242 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 644252 | 3471 | SH |  | SOLE |  | 3471 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 2514683 | 7308 | SH |  | SOLE |  | 7308 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 709381 | 8292 | SH |  | SOLE |  | 8292 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 502397 | 5465 | SH |  | SOLE |  | 5465 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 711575 | 9005 | SH |  | SOLE |  | 9005 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 426004 | 3540 | SH |  | SOLE |  | 3540 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 850834 | 16752 | SH |  | SOLE |  | 16752 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 278459 | 904 | SH |  | SOLE |  | 904 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 418404 | 476 | SH |  | SOLE |  | 476 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 397203 | 2036 | SH |  | SOLE |  | 2036 | 0 | 0 |
| ISHARES TR | U.S. UTILITS ETF | 464287697 |  | 590670 | 5451 | SH |  | SOLE |  | 5451 | 0 | 0 |
| ISHARES TR | MSCI INDIA SM CP | 46429B614 |  | 349410 | 4998 | SH |  | SOLE |  | 4998 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 108273 | 2128 | SH |  | SOLE |  | 2128 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 425255 | 2776 | SH |  | SOLE |  | 2776 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 748536 | 18378 | SH |  | SOLE |  | 18378 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 206027 | 916 | SH |  | SOLE |  | 916 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 7161554 | 186596 | SH |  | SOLE |  | 186596 | 0 | 0 |
| MAGNUM ICE CREAM CO NV | ORD SHS | N5505D105 |  | 184034 | 11611 | SH |  | SOLE |  | 11611 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 533646 | 1624 | SH |  | SOLE |  | 1624 | 0 | 0 |
| NOVA LTD | COM | M7516K103 |  | 78814 | 240 | SH |  | SOLE |  | 240 | 0 | 0 |
| OKLO INC | COM CL A | 02156V109 |  | 4441944 | 61900 | SH |  | SOLE |  | 61900 | 0 | 0 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 276060 | 8600 | SH |  | SOLE |  | 8600 | 0 | 0 |
| BALL CORP | COM | 058498106 |  | 227771 | 4300 | SH |  | SOLE |  | 4300 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 927300 | 16860 | SH |  | SOLE |  | 16860 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 11980160 | 23834 | SH |  | SOLE |  | 23834 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 323378 | 1011 | SH |  | SOLE |  | 1011 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 |  | 1015420 | 1088 | SH |  | SOLE |  | 1088 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 2413832 | 10600 | SH |  | SOLE |  | 10600 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 3280862 | 25700 | SH |  | SOLE |  | 25700 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 2923368 | 5594 | SH |  | SOLE |  | 5594 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 778924 | 27700 | SH |  | SOLE |  | 27700 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 523881 | 6801 | SH |  | SOLE |  | 6801 | 0 | 0 |
| DYNATRACE INC | COM NEW | 268150109 |  | 317682 | 7330 | SH |  | SOLE |  | 7330 | 0 | 0 |
| SOLSTICE ADVANCED MATLS INC | COM SHS | 83443Q103 |  | 24727 | 509 | SH |  | SOLE |  | 509 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 50986450 | 868150 | SH |  | SOLE |  | 868150 | 0 | 0 |

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