# EDGAR Filing Document

**Accession Number:** 0001592643
**File Stem:** 0001592643-26-000004
**Filing Date:** 2026-2
**Character Count:** 22553
**Document Hash:** d9bb8426596c0a0f3bedb04888226699
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592643-26-000004.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0001592643-26-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Select Equity Group, L.P.
- **CENTRAL INDEX KEY:** 0001592643

**ORGANIZATION NAME:**
- **EIN:** 463465710
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16000
- **FILM NUMBER:** 26640666

**BUSINESS ADDRESS:**
- **STREET 1:** 380 LAFAYETTE STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10003
- **BUSINESS PHONE:** 212 475-8335

**MAIL ADDRESS:**
- **STREET 1:** 380 LAFAYETTE STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10003

### 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:** Select Equity Group L.P.<br>**Address:** 380 LAFAYETTE STREET<br>6TH FLOOR<br>NEW YORK, NY 10003

**Form 13F File Number:** 028-16000

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:** Jennifer Vinsonhaler<br>**Title:** Chief Compliance Officer<br>**Phone:** 212-475-8335

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

Jennifer Vinsonhaler  New York, NY  02-17-2026<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:** 182

**Form 13F Information Table Value Total:** $23198654927

      (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 |
| ADEIA INC | COM | 00676P107 |  | 8196441 | 475156 | SH |  | SOLE | N/A | 475156 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 97681509 | 279098 | SH |  | SOLE | N/A | 248283 | 0 | 30815 |
| ALARM COM HLDGS INC | COM | 011642105 |  | 17552462 | 344031 | SH |  | SOLE | N/A | 344031 | 0 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 496679429 | 6218304 | SH |  | SOLE | N/A | 5833249 | 0 | 385055 |
| ALKAMI TECHNOLOGY INC | COM | 01644J108 |  | 20586353 | 892343 | SH |  | SOLE | N/A | 892343 | 0 | 0 |
| ALLIANCE LAUNDRY HLDGS INC | COM | 01862Q107 |  | 9806991 | 481916 | SH |  | SOLE | N/A | 481916 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 149644316 | 476878 | SH |  | SOLE | N/A | 459609 | 0 | 17269 |
| AMAZON COM INC | COM | 023135106 |  | 130481854 | 565297 | SH |  | SOLE | N/A | 541331 | 0 | 23966 |
| AMERICAN CENTY ETF TR | MID CAP GRW IMP | 025072760 |  | 6290221 | 96535 | SH |  | SOLE | N/A | 96535 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 89902020 | 665251 | SH |  | SOLE | N/A | 665251 | 0 | 0 |
| AMRIZE LTD | SHS | H2927K103 |  | 15035321 | 273393 | SH |  | SOLE | N/A | 273393 | 0 | 0 |
| API GROUP CORP | COM STK | 00187Y100 |  | 66110372 | 1727924 | SH |  | SOLE | N/A | 1098209 | 0 | 629715 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 105321151 | 727557 | SH |  | SOLE | N/A | 692400 | 0 | 35157 |
| ARCOSA INC | COM | 039653100 |  | 12554478 | 118082 | SH |  | SOLE | N/A | 118082 | 0 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 83961996 | 348607 | SH |  | SOLE | N/A | 348607 | 0 | 0 |
| BADGER METER INC | COM | 056525108 |  | 18813607 | 107870 | SH |  | SOLE | N/A | 107870 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 166852321 | 2837142 | SH |  | SOLE | N/A | 2837142 | 0 | 0 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 |  | 242368323 | 2692084 | SH |  | SOLE | N/A | 2692084 | 0 | 0 |
| BLACKLINE INC | COM | 09239B109 |  | 15179317 | 274540 | SH |  | SOLE | N/A | 274540 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 38370624 | 441600 | SH | Put | SOLE | N/A | 441600 | 0 | 0 |
| BOOT BARN HLDGS INC | COM | 099406100 |  | 16761297 | 94981 | SH |  | SOLE | N/A | 94981 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 28509641 | 82374 | SH |  | SOLE | N/A | 79058 | 0 | 3316 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 45796035 | 996111 | SH |  | SOLE | N/A | 962777 | 0 | 33334 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 2186918 | 62951 | SH |  | SOLE | N/A | 62951 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 751953719 | 9434802 | SH |  | SOLE | N/A | 9227524 | 0 | 207278 |
| BRP INC | COM SUN VTG | 05577W200 |  | 3426539 | 48397 | SH |  | SOLE | N/A | 48397 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 12357089 | 120100 | SH | Call | SOLE | N/A | 120100 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 74340731 | 430113 | SH |  | SOLE | N/A | 430113 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 181311076 | 1127837 | SH |  | SOLE | N/A | 1127837 | 0 | 0 |
| CADRE HLDGS INC | COM | 12763L105 |  | 29364940 | 719024 | SH |  | SOLE | N/A | 719024 | 0 | 0 |
| CAE INC | COM | 124765108 |  | 231018042 | 7586679 | SH |  | SOLE | N/A | 7345294 | 0 | 241385 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 327622345 | 4444219 | SH |  | SOLE | N/A | 4293495 | 0 | 150724 |
| CARGURUS INC | COM CL A | 141788109 |  | 35250898 | 919189 | SH |  | SOLE | N/A | 919189 | 0 | 0 |
| CASELLA WASTE SYS INC | CL A | 147448104 |  | 36651988 | 374229 | SH |  | SOLE | N/A | 374229 | 0 | 0 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 39656390 | 71749 | SH |  | SOLE | N/A | 71749 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 310194819 | 2277495 | SH |  | SOLE | N/A | 2179841 | 0 | 97654 |
| CELLEBRITE DI LTD | ORDINARY SHARES | M2197Q107 |  | 11181160 | 620142 | SH |  | SOLE | N/A | 620142 | 0 | 0 |
| CERTARA INC | COM | 15687V109 |  | 13137128 | 1491161 | SH |  | SOLE | N/A | 1491161 | 0 | 0 |
| CHEFS WHSE INC | COM | 163086101 |  | 31301378 | 502188 | SH |  | SOLE | N/A | 502188 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 3530969 | 15098 | SH |  | SOLE | N/A | 15098 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 24809615 | 151908 | SH |  | SOLE | N/A | 151908 | 0 | 0 |
| CLEAN HARBORS INC | COM | 184496107 |  | 199190526 | 849499 | SH |  | SOLE | N/A | 849499 | 0 | 0 |
| CLEARFIELD INC | COM | 18482P103 |  | 3101764 | 106407 | SH |  | SOLE | N/A | 106407 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 25781897 | 130773 | SH |  | SOLE | N/A | 130773 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 5461426 | 29590 | SH |  | SOLE | N/A | 29590 | 0 | 0 |
| CORE  MAIN INC | CL A | 21874C102 |  | 404242201 | 7778376 | SH |  | SOLE | N/A | 7778376 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 49196070 | 687000 | SH | Put | SOLE | N/A | 687000 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 |  | 337620890 | 1121925 | SH |  | SOLE | N/A | 1106083 | 0 | 15842 |
| CRANE COMPANY | COMMON STOCK | 224408104 |  | 101656709 | 551194 | SH |  | SOLE | N/A | 551194 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 846072614 | 6779428 | SH |  | SOLE | N/A | 6612251 | 0 | 167177 |
| CSW INDUSTRIALS INC | COM | 126402106 |  | 31758185 | 108194 | SH |  | SOLE | N/A | 108194 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 78504222 | 342933 | SH |  | SOLE | N/A | 218365 | 0 | 124568 |
| DESCARTES SYS GROUP INC | COM | 249906108 |  | 33586901 | 382354 | SH |  | SOLE | N/A | 370629 | 0 | 11725 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 104875795 | 529756 | SH |  | SOLE | N/A | 470576 | 0 | 59180 |
| DOW INC | COM | 260557103 |  | 7577037 | 324082 | SH |  | SOLE | N/A | 324082 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 3546444 | 3300 | SH | Put | SOLE | N/A | 3300 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 282955934 | 462505 | SH |  | SOLE | N/A | 462505 | 0 | 0 |
| ENERGY RECOVERY INC | COM | 29270J100 |  | 10435554 | 773577 | SH |  | SOLE | N/A | 773577 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 9646625 | 114500 | SH | Call | SOLE | N/A | 114500 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 104667314 | 1242342 | SH |  | SOLE | N/A | 1242342 | 0 | 0 |
| ESCO TECHNOLOGIES INC | COM | 296315104 |  | 5789210 | 29629 | SH |  | SOLE | N/A | 29629 | 0 | 0 |
| EVERUS CONSTR GROUP | COM | 300426103 |  | 11456227 | 133897 | SH |  | SOLE | N/A | 133897 | 0 | 0 |
| FORMFACTOR INC | COM | 346375108 |  | 23807964 | 426819 | SH |  | SOLE | N/A | 426819 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 213246637 | 3862464 | SH |  | SOLE | N/A | 3411616 | 0 | 450848 |
| FORTUNE BRANDS INNOVATIONS I | COM | 34964C106 |  | 25440172 | 508600 | SH | Call | SOLE | N/A | 508600 | 0 | 0 |
| FORTUNE BRANDS INNOVATIONS I | COM | 34964C106 |  | 117417898 | 2347419 | SH |  | SOLE | N/A | 2347419 | 0 | 0 |
| FRANCO NEV CORP | COM | 351858105 |  | 8795681 | 42377 | SH |  | SOLE | N/A | 42377 | 0 | 0 |
| FRANKLIN ELEC INC | COM | 353514102 |  | 17273830 | 180821 | SH |  | SOLE | N/A | 180821 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 108333260 | 534056 | SH |  | SOLE | N/A | 534056 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 12076316 | 39205 | SH |  | SOLE | N/A | 34968 | 0 | 4237 |
| GLOBALFOUNDRIES INC | ORDINARY SHARES | G39387108 |  | 4156423 | 119027 | SH |  | SOLE | N/A | 119027 | 0 | 0 |
| GOGO INC | COM | 38046C109 |  | 1387426 | 297731 | SH |  | SOLE | N/A | 297731 | 0 | 0 |
| GOOSEHEAD INS INC | COM CL A | 38267D109 |  | 8308383 | 112809 | SH |  | SOLE | N/A | 112809 | 0 | 0 |
| HAMILTON LANE INC | CL A | 407497106 |  | 29457138 | 219322 | SH |  | SOLE | N/A | 219322 | 0 | 0 |
| HUNTSMAN CORP | COM | 447011107 |  | 7726850 | 772685 | SH |  | SOLE | N/A | 772685 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 88886571 | 131386 | SH |  | SOLE | N/A | 127651 | 0 | 3735 |
| INTEL CORP | COM | 458140100 |  | 6192447 | 167817 | SH |  | SOLE | N/A | 167817 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 28086608 | 42400 | SH | Call | SOLE | N/A | 42400 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 137781373 | 207997 | SH |  | SOLE | N/A | 201122 | 0 | 6875 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1056613200 | 1720000 | SH | Put | SOLE | N/A | 1720000 | 0 | 0 |
| IRIDIUM COMMUNICATIONS INC | COM | 46269C102 |  | 14527612 | 835881 | SH |  | SOLE | N/A | 835881 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 24191058 | 270412 | SH |  | SOLE | N/A | 270412 | 0 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 40183686 | 474760 | SH |  | SOLE | N/A | 474760 | 0 | 0 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 40296058 | 600269 | SH |  | SOLE | N/A | 600269 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 1119909 | 11633 | SH |  | SOLE | N/A | 11633 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 307946 | 1251 | SH |  | SOLE | N/A | 1251 | 0 | 0 |
| ITT INC | COM | 45073V108 |  | 629020771 | 3625271 | SH |  | SOLE | N/A | 3625271 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 306767438 | 911723 | SH |  | SOLE | N/A | 911723 | 0 | 0 |
| KADANT INC | COM | 48282T104 |  | 21711399 | 76175 | SH |  | SOLE | N/A | 76175 | 0 | 0 |
| KARMAN HLDGS INC | COMMON STOCK | 485924104 |  | 4763074 | 65096 | SH |  | SOLE | N/A | 65096 | 0 | 0 |
| KIRBY CORP | COM | 497266106 |  | 18039882 | 163731 | SH |  | SOLE | N/A | 163731 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 529552236 | 2110779 | SH |  | SOLE | N/A | 2110779 | 0 | 0 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 44883496 | 354586 | SH |  | SOLE | N/A | 354586 | 0 | 0 |
| LIQUIDITY SVCS INC | COM | 53635B107 |  | 17198925 | 567434 | SH |  | SOLE | N/A | 567434 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 796029510 | 5586172 | SH |  | SOLE | N/A | 5560117 | 0 | 26055 |
| LOAR HOLDINGS INC | COM SHS | 53947R105 |  | 12412040 | 182530 | SH |  | SOLE | N/A | 182530 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 8126414 | 187677 | SH |  | SOLE | N/A | 187677 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 |  | 919796541 | 427882 | SH |  | SOLE | N/A | 423296 | 0 | 4586 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 664708230 | 1067530 | SH |  | SOLE | N/A | 1067530 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 31337820 | 460106 | SH |  | SOLE | N/A | 460106 | 0 | 0 |
| MEDLINE INC | COM CL A | 58507V107 |  | 7140000 | 170000 | SH |  | SOLE | N/A | 170000 | 0 | 0 |
| MERCURY SYS INC | COM | 589378108 |  | 5681711 | 77821 | SH |  | SOLE | N/A | 77821 | 0 | 0 |
| MESA LABS INC | COM | 59064R109 |  | 16205148 | 206435 | SH |  | SOLE | N/A | 206435 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 46939660 | 71111 | SH |  | SOLE | N/A | 67869 | 0 | 3242 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 34386302 | 24664 | SH |  | SOLE | N/A | 24664 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 102707347 | 212372 | SH |  | SOLE | N/A | 203223 | 0 | 9149 |
| MIDDLEBY CORP | COM | 596278101 |  | 25482038 | 171400 | SH | Call | SOLE | N/A | 171400 | 0 | 0 |
| MIDDLEBY CORP | COM | 596278101 |  | 450215726 | 3028289 | SH |  | SOLE | N/A | 3028289 | 0 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 18010753 | 769033 | SH |  | SOLE | N/A | 769033 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 26189747 | 51267 | SH |  | SOLE | N/A | 48946 | 0 | 2321 |
| MORNINGSTAR INC | COM | 617700109 |  | 330852737 | 1522492 | SH |  | SOLE | N/A | 1506733 | 0 | 15759 |
| MSCI INC | COM | 55354G100 |  | 23288274 | 40591 | SH |  | SOLE | N/A | 38753 | 0 | 1838 |
| MYR GROUP INC DEL | COM | 55405W104 |  | 10688802 | 48919 | SH |  | SOLE | N/A | 48919 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 364505287 | 3752757 | SH |  | SOLE | N/A | 3669747 | 0 | 83010 |
| NEPTUNE INS HLDGS INC | CL A | 64073B103 |  | 4110423 | 140961 | SH |  | SOLE | N/A | 140961 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 58572010 | 586600 | SH | Call | SOLE | N/A | 586600 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 35357085 | 354102 | SH |  | SOLE | N/A | 354102 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 38098580 | 598000 | SH | Call | SOLE | N/A | 598000 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 78765756 | 1236317 | SH |  | SOLE | N/A | 1177829 | 0 | 58488 |
| NIQ GLOBAL INTELLIGENCE PLC | ORDINARY SHARES | G63755105 |  | 31396663 | 1903982 | SH |  | SOLE | N/A | 1210425 | 0 | 693557 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 130712255 | 700870 | SH |  | SOLE | N/A | 670113 | 0 | 30757 |
| OKLO INC | COM CL A | 02156V109 |  | 45969456 | 640600 | SH | Put | SOLE | N/A | 640600 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 48883016 | 1051700 | SH | Call | SOLE | N/A | 1051700 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 87095061 | 1873818 | SH |  | SOLE | N/A | 1873818 | 0 | 0 |
| ONESPAWORLD HOLDINGS LIMITED | COM | P73684113 |  | 33187671 | 1600177 | SH |  | SOLE | N/A | 1600177 | 0 | 0 |
| OUTFRONT MEDIA INC | COM NEW | 69007J304 |  | 10912625 | 452806 | SH |  | SOLE | N/A | 452806 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 38989444 | 348400 | SH | Call | SOLE | N/A | 348400 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 4180622 | 37357 | SH |  | SOLE | N/A | 37357 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 100454221 | 487098 | SH |  | SOLE | N/A | 487098 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 641247467 | 5716237 | SH |  | SOLE | N/A | 5664512 | 0 | 51725 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 7703887 | 1250631 | SH |  | SOLE | N/A | 1250631 | 0 | 0 |
| PERIMETER SOLUTIONS INC | COMMON STOCK | 71385M107 |  | 2810042 | 102072 | SH |  | SOLE | N/A | 102072 | 0 | 0 |
| POLARIS INC | COM | 731068102 |  | 2441450 | 38600 | SH | Call | SOLE | N/A | 38600 | 0 | 0 |
| POLARIS INC | COM | 731068102 |  | 31626771 | 500028 | SH |  | SOLE | N/A | 500028 | 0 | 0 |
| PORTILLOS INC | COM CL A | 73642K106 |  | 5175219 | 1139916 | SH |  | SOLE | N/A | 1139916 | 0 | 0 |
| PROTO LABS INC | COM | 743713109 |  | 602982 | 11919 | SH |  | SOLE | N/A | 11919 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 99050928 | 568572 | SH |  | SOLE | N/A | 568572 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 128456071 | 304355 | SH |  | SOLE | N/A | 298805 | 0 | 5550 |
| QXO INC | COM NEW | 82846H405 |  | 66795637 | 3462708 | SH |  | SOLE | N/A | 3462708 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 116719200 | 1032000 | SH | Put | SOLE | N/A | 1032000 | 0 | 0 |
| ROLLINS INC | COM | 775711104 |  | 89710754 | 1494681 | SH |  | SOLE | N/A | 1494681 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 11674333 | 64807 | SH |  | SOLE | N/A | 41209 | 0 | 23598 |
| S GLOBAL INC | COM | 78409V104 |  | 39166030 | 74946 | SH |  | SOLE | N/A | 74946 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 42359109 | 159900 | SH | Call | SOLE | N/A | 159900 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 98235251 | 370825 | SH |  | SOLE | N/A | 333399 | 0 | 37426 |
| SERVICE CORP INTL | COM | 817565104 |  | 501080832 | 6426585 | SH |  | SOLE | N/A | 6426585 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 26215558 | 171131 | SH |  | SOLE | N/A | 162986 | 0 | 8145 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 96365012 | 598647 | SH |  | SOLE | N/A | 591975 | 0 | 6672 |
| SIGNET JEWELERS LIMITED | SHS | G81276100 |  | 294772003 | 3556612 | SH |  | SOLE | N/A | 3556612 | 0 | 0 |
| SIMPSON MFG INC | COM | 829073105 |  | 25762377 | 159549 | SH |  | SOLE | N/A | 159549 | 0 | 0 |
| SOMNIGROUP INTERNATIONAL INC | COM | 88023U101 |  | 931104959 | 10429043 | SH |  | SOLE | N/A | 10429043 | 0 | 0 |
| SOUTHSTATE BK CORP | COM | 84472E102 |  | 30410705 | 323140 | SH |  | SOLE | N/A | 323140 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 40289241 | 907211 | SH |  | SOLE | N/A | 907211 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 97191110 | 167366 | SH |  | SOLE | N/A | 163746 | 0 | 3620 |
| SPS COMM INC | COM | 78463M107 |  | 5969214 | 66972 | SH |  | SOLE | N/A | 66972 | 0 | 0 |
| ST JOE CO | COM | 790148100 |  | 70142805 | 1181452 | SH |  | SOLE | N/A | 1181452 | 0 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 488794926 | 1928033 | SH |  | SOLE | N/A | 1928033 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 13690695 | 90100 | SH | Put | SOLE | N/A | 90100 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 308065145 | 1013739 | SH |  | SOLE | N/A | 989165 | 0 | 24574 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 101221068 | 198189 | SH |  | SOLE | N/A | 198189 | 0 | 0 |
| THE BALDWIN INSURANCE GRP IN | COM CL A | 05589G102 |  | 3682069 | 153228 | SH |  | SOLE | N/A | 153228 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 182545292 | 315032 | SH |  | SOLE | N/A | 271209 | 0 | 43823 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 627354996 | 12544591 | SH |  | SOLE | N/A | 12544591 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 571819533 | 7298271 | SH |  | SOLE | N/A | 7248485 | 0 | 49786 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 4226777 | 51729 | SH |  | SOLE | N/A | 51729 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 41469893 | 179275 | SH |  | SOLE | N/A | 171030 | 0 | 8245 |
| UNITED STS LIME  MINERALS I | COM | 911922102 |  | 43981101 | 367305 | SH |  | SOLE | N/A | 367305 | 0 | 0 |
| V F CORP | COM | 918204108 |  | 5015392 | 277400 | SH | Call | SOLE | N/A | 277400 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 8627080 | 29726 | SH |  | SOLE | N/A | 29726 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 40207160 | 546590 | SH |  | SOLE | N/A | 546590 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 40245052 | 533471 | SH |  | SOLE | N/A | 533471 | 0 | 0 |
| VERRA MOBILITY CORP | CL A COM STK | 92511U102 |  | 16348722 | 729528 | SH |  | SOLE | N/A | 729528 | 0 | 0 |
| VIKING HOLDINGS LTD | ORD SHS | G93A5A101 |  | 993090087 | 13906877 | SH |  | SOLE | N/A | 13780936 | 0 | 125941 |
| VISA INC | COM CL A | 92826C839 |  | 261427651 | 745424 | SH |  | SOLE | N/A | 666848 | 0 | 78576 |
| WABTEC | COM | 929740108 |  | 759757986 | 3559419 | SH |  | SOLE | N/A | 3526563 | 0 | 32856 |
| WAYSTAR HLDG CORP | COM | 946784105 |  | 20783478 | 634610 | SH |  | SOLE | N/A | 634610 | 0 | 0 |
| WESTLAKE CORPORATION | COM | 960413102 |  | 5545278 | 74997 | SH |  | SOLE | N/A | 74997 | 0 | 0 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 40964205 | 19713 | SH |  | SOLE | N/A | 19713 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 41487707 | 232307 | SH |  | SOLE | N/A | 232307 | 0 | 0 |
| WINMARK CORP | COM | 974250102 |  | 12291954 | 30355 | SH |  | SOLE | N/A | 30355 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 156297339 | 727709 | SH |  | SOLE | N/A | 676652 | 0 | 51057 |
| ZURN ELKAY WATER SOLNS CORP | COM | 98983L108 |  | 18819384 | 404805 | SH |  | SOLE | N/A | 404805 | 0 | 0 |

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