# EDGAR Filing Document

**Accession Number:** 0001592643
**File Stem:** 0001592643-25-000006
**Filing Date:** 2025-8
**Character Count:** 19337
**Document Hash:** 59a8c9c442786b17dbdd1d22f5eeeb1d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592643-25-000006.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001592643-25-000006

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**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:** 251218386

**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:** 06-30-2025

**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  08-14-2025<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:** 152

**Form 13F Information Table Value Total:** $23862889621

      (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 |  | 7662438 | 541898 | SH |  | SOLE | N/A | 541898 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 140761645 | 363838 | SH |  | SOLE | N/A | 319010 | 0 | 44828 |
| ALARM COM HLDGS INC | COM | 011642105 |  | 12368521 | 218641 | SH |  | SOLE | N/A | 218641 | 0 | 0 |
| ALBANY INTL CORP | CL A | 012348108 |  | 3441349 | 49071 | SH |  | SOLE | N/A | 49071 | 0 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 596383041 | 6762406 | SH |  | SOLE | N/A | 6402593 | 0 | 359813 |
| ALKAMI TECHNOLOGY INC | COM | 01644J108 |  | 17368265 | 576253 | SH |  | SOLE | N/A | 576253 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 121827904 | 686780 | SH |  | SOLE | N/A | 657391 | 0 | 29389 |
| AMAZON COM INC | COM | 023135106 |  | 95217673 | 434011 | SH |  | SOLE | N/A | 411629 | 0 | 22382 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 66842493 | 676886 | SH |  | SOLE | N/A | 676886 | 0 | 0 |
| AMRIZE LTD | SHS | H2927K103 |  | 17179908 | 345508 | SH |  | SOLE | N/A | 345508 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 10003907 | 28041 | SH |  | SOLE | N/A | 20114 | 0 | 7927 |
| API GROUP CORP | COM STK | 00187Y100 |  | 95162918 | 1864112 | SH |  | SOLE | N/A | 1351930 | 0 | 512182 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 97778506 | 689212 | SH |  | SOLE | N/A | 653498 | 0 | 35714 |
| ARCOSA INC | COM | 039653100 |  | 7257800 | 83702 | SH |  | SOLE | N/A | 83702 | 0 | 0 |
| BADGER METER INC | COM | 056525108 |  | 12032924 | 49124 | SH |  | SOLE | N/A | 49124 | 0 | 0 |
| BIO RAD LABS INC | CL A | 090572207 |  | 61775265 | 255989 | SH |  | SOLE | N/A | 255989 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 150208018 | 2919495 | SH |  | SOLE | N/A | 2919495 | 0 | 0 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 |  | 260027624 | 2411459 | SH |  | SOLE | N/A | 2410946 | 0 | 513 |
| BLACKLINE INC | COM | 09239B109 |  | 11873837 | 209711 | SH |  | SOLE | N/A | 209711 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 52930619 | 2755368 | SH |  | SOLE | N/A | 2755368 | 0 | 0 |
| BOOT BARN HLDGS INC | COM | 099406100 |  | 9638320 | 63410 | SH |  | SOLE | N/A | 63410 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 99309528 | 360274 | SH |  | SOLE | N/A | 341918 | 0 | 18356 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 91052913 | 1474154 | SH |  | SOLE | N/A | 1425714 | 0 | 48440 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 10379305 | 309830 | SH |  | SOLE | N/A | 309830 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 637026313 | 5745705 | SH |  | SOLE | N/A | 5744709 | 0 | 996 |
| BRP INC | COM SUN VTG | 05577W200 |  | 1793153 | 37016 | SH |  | SOLE | N/A | 37016 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 68902457 | 478290 | SH |  | SOLE | N/A | 478290 | 0 | 0 |
| CADRE HLDGS INC | COM | 12763L105 |  | 15458875 | 485365 | SH |  | SOLE | N/A | 485365 | 0 | 0 |
| CAE INC | COM | 124765108 |  | 231350417 | 7909738 | SH |  | SOLE | N/A | 7676346 | 0 | 233392 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 268052202 | 3381006 | SH |  | SOLE | N/A | 3279520 | 0 | 101486 |
| CARGURUS INC | COM CL A | 141788109 |  | 35151667 | 1050244 | SH |  | SOLE | N/A | 1050244 | 0 | 0 |
| CASELLA WASTE SYS INC | CL A | 147448104 |  | 26767468 | 231994 | SH |  | SOLE | N/A | 231994 | 0 | 0 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 30196248 | 59177 | SH |  | SOLE | N/A | 59177 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 723773479 | 4052710 | SH |  | SOLE | N/A | 3932412 | 0 | 120298 |
| CELLEBRITE DI LTD | ORDINARY SHARES | M2197Q107 |  | 5557856 | 347366 | SH |  | SOLE | N/A | 347366 | 0 | 0 |
| CERTARA INC | COM | 15687V109 |  | 9671735 | 826644 | SH |  | SOLE | N/A | 826644 | 0 | 0 |
| CHEFS WHSE INC | COM | 163086101 |  | 25095388 | 393283 | SH |  | SOLE | N/A | 393283 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 5682771 | 69873 | SH |  | SOLE | N/A | 69873 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 26198155 | 175921 | SH |  | SOLE | N/A | 175921 | 0 | 0 |
| CLEAN HARBORS INC | COM | 184496107 |  | 218917750 | 946958 | SH |  | SOLE | N/A | 946764 | 0 | 194 |
| CLEARFIELD INC | COM | 18482P103 |  | 7413603 | 170781 | SH |  | SOLE | N/A | 170781 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 44845070 | 229000 | SH | Call | SOLE | N/A | 229000 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 59385448 | 303250 | SH |  | SOLE | N/A | 303250 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 9436455 | 105778 | SH |  | SOLE | N/A | 105778 | 0 | 0 |
| COOPER COS INC | COM | 216648501 |  | 102601334 | 1441840 | SH |  | SOLE | N/A | 1045610 | 0 | 396230 |
| CORE  MAIN INC | CL A | 21874C102 |  | 691954633 | 11465694 | SH |  | SOLE | N/A | 11463504 | 0 | 2190 |
| CORPAY INC | COM SHS | 219948106 |  | 373601447 | 1125916 | SH |  | SOLE | N/A | 1113643 | 0 | 12273 |
| CRANE COMPANY | COMMON STOCK | 224408104 |  | 139938106 | 736943 | SH |  | SOLE | N/A | 736943 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 890199013 | 9697157 | SH |  | SOLE | N/A | 9424418 | 0 | 272739 |
| CSW INDUSTRIALS INC | COM | 126402106 |  | 12574914 | 43841 | SH |  | SOLE | N/A | 43841 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 82454579 | 417407 | SH |  | SOLE | N/A | 302845 | 0 | 114562 |
| DAYFORCE INC | COM | 15677J108 |  | 141127073 | 2547880 | SH |  | SOLE | N/A | 2547326 | 0 | 554 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 16725825 | 84555 | SH |  | SOLE | N/A | 84555 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 35476636 | 455471 | SH |  | SOLE | N/A | 430643 | 0 | 24828 |
| ELI LILLY  CO | COM | 532457108 |  | 13563822 | 17400 | SH | Put | SOLE | N/A | 17400 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 485067671 | 906855 | SH |  | SOLE | N/A | 901122 | 0 | 5733 |
| ENERGY RECOVERY INC | COM | 29270J100 |  | 9836843 | 769706 | SH |  | SOLE | N/A | 769706 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 235452433 | 2919435 | SH |  | SOLE | N/A | 2918840 | 0 | 595 |
| FASTENAL CO | COM | 311900104 |  | 19820556 | 471918 | SH |  | SOLE | N/A | 471918 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 |  | 24761925 | 593100 | SH | Call | SOLE | N/A | 593100 | 0 | 0 |
| FORMFACTOR INC | COM | 346375108 |  | 21249620 | 617542 | SH |  | SOLE | N/A | 617542 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 81714348 | 1567511 | SH |  | SOLE | N/A | 1212317 | 0 | 355194 |
| FORTUNE BRANDS INNOVATIONS I | COM | 34964C106 |  | 267402358 | 5194296 | SH |  | SOLE | N/A | 5193241 | 0 | 1055 |
| FRANCO NEV CORP | COM | 351858105 |  | 7661840 | 46762 | SH |  | SOLE | N/A | 46762 | 0 | 0 |
| FRANKLIN ELEC INC | COM | 353514102 |  | 11680558 | 130160 | SH |  | SOLE | N/A | 130160 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 90671516 | 434417 | SH |  | SOLE | N/A | 434417 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 10872154 | 42240 | SH |  | SOLE | N/A | 33236 | 0 | 9004 |
| GLOBALFOUNDRIES INC | ORDINARY SHARES | G39387108 |  | 569524 | 14909 | SH |  | SOLE | N/A | 14909 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 25765146 | 143092 | SH |  | SOLE | N/A | 143092 | 0 | 0 |
| GOGO INC | COM | 38046C109 |  | 7340103 | 500007 | SH |  | SOLE | N/A | 500007 | 0 | 0 |
| GOOSEHEAD INS INC | COM CL A | 38267D109 |  | 4571959 | 43332 | SH |  | SOLE | N/A | 43332 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 307705230 | 573713 | SH |  | SOLE | N/A | 565279 | 0 | 8434 |
| INTEL CORP | COM | 458140100 |  | 577002 | 25759 | SH |  | SOLE | N/A | 25759 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 136169413 | 172885 | SH |  | SOLE | N/A | 166055 | 0 | 6830 |
| IRIDIUM COMMUNICATIONS INC | COM | 46269C102 |  | 30210730 | 1001350 | SH |  | SOLE | N/A | 1001350 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 33635400 | 915000 | SH | Call | SOLE | N/A | 915000 | 0 | 0 |
| ITT INC | COM | 45073V108 |  | 663038346 | 4227752 | SH |  | SOLE | N/A | 4226966 | 0 | 786 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 238768072 | 933490 | SH |  | SOLE | N/A | 933322 | 0 | 168 |
| KADANT INC | COM | 48282T104 |  | 14173825 | 44649 | SH |  | SOLE | N/A | 44649 | 0 | 0 |
| KARMAN HLDGS INC | COMMON STOCK | 485924104 |  | 11440488 | 227129 | SH |  | SOLE | N/A | 227129 | 0 | 0 |
| KIRBY CORP | COM | 497266106 |  | 245638008 | 2165929 | SH |  | SOLE | N/A | 2165929 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 46085184 | 346427 | SH |  | SOLE | N/A | 346427 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 559879228 | 2132792 | SH |  | SOLE | N/A | 2132428 | 0 | 364 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 10689996 | 88085 | SH |  | SOLE | N/A | 88085 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 3870320 | 47900 | SH | Call | SOLE | N/A | 47900 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 1036475102 | 6851369 | SH |  | SOLE | N/A | 6820998 | 0 | 30371 |
| LOAR HOLDINGS INC | COM SHS | 53947R105 |  | 5455078 | 63306 | SH |  | SOLE | N/A | 63306 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 |  | 671849986 | 336369 | SH |  | SOLE | N/A | 334015 | 0 | 2354 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 649566252 | 1183267 | SH |  | SOLE | N/A | 1183050 | 0 | 217 |
| MERCURY SYS INC | COM | 589378108 |  | 4511852 | 83770 | SH |  | SOLE | N/A | 83770 | 0 | 0 |
| MERIDIANLINK INC | COMMON STOCK | 58985J105 |  | 5176023 | 318917 | SH |  | SOLE | N/A | 318917 | 0 | 0 |
| MESA LABS INC | COM | 59064R109 |  | 9629096 | 102198 | SH |  | SOLE | N/A | 102198 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 76581266 | 103756 | SH |  | SOLE | N/A | 98159 | 0 | 5597 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 46332132 | 39441 | SH |  | SOLE | N/A | 39441 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 121295916 | 243855 | SH |  | SOLE | N/A | 231301 | 0 | 12554 |
| MIDDLEBY CORP | COM | 596278101 |  | 680760576 | 4727504 | SH |  | SOLE | N/A | 4726548 | 0 | 956 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 43653345 | 2027559 | SH |  | SOLE | N/A | 2027559 | 0 | 0 |
| MOHAWK INDS INC | COM | 608190104 |  | 57436070 | 547845 | SH |  | SOLE | N/A | 547845 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 26872183 | 53574 | SH |  | SOLE | N/A | 50942 | 0 | 2632 |
| MORNINGSTAR INC | COM | 617700109 |  | 349498583 | 1113301 | SH |  | SOLE | N/A | 1104637 | 0 | 8664 |
| MSCI INC | COM | 55354G100 |  | 24558743 | 42582 | SH |  | SOLE | N/A | 40525 | 0 | 2057 |
| MYR GROUP INC DEL | COM | 55405W104 |  | 10343920 | 57007 | SH |  | SOLE | N/A | 57007 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 110258794 | 1233044 | SH |  | SOLE | N/A | 1233044 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 239046606 | 4103100 | SH | Call | SOLE | N/A | 4103100 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 111838226 | 1919640 | SH |  | SOLE | N/A | 1919640 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 172827473 | 1093914 | SH |  | SOLE | N/A | 1035375 | 0 | 58539 |
| ONESPAWORLD HOLDINGS LIMITED | COM | P73684113 |  | 28928455 | 1418757 | SH |  | SOLE | N/A | 1418757 | 0 | 0 |
| OUTFRONT MEDIA INC | COM NEW | 69007J304 |  | 9731975 | 596322 | SH |  | SOLE | N/A | 596322 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 79572259 | 422246 | SH |  | SOLE | N/A | 422246 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 589318535 | 4051413 | SH |  | SOLE | N/A | 4050688 | 0 | 725 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 57817095 | 777948 | SH |  | SOLE | N/A | 564948 | 0 | 213000 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 3559623 | 512914 | SH |  | SOLE | N/A | 512914 | 0 | 0 |
| POLARIS INC | COM | 731068102 |  | 3113790 | 76600 | SH | Call | SOLE | N/A | 76600 | 0 | 0 |
| POLARIS INC | COM | 731068102 |  | 21151211 | 520325 | SH |  | SOLE | N/A | 520325 | 0 | 0 |
| PORTILLOS INC | COM CL A | 73642K106 |  | 12066663 | 1033990 | SH |  | SOLE | N/A | 1033990 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 133576770 | 775077 | SH |  | SOLE | N/A | 774994 | 0 | 83 |
| QUANTA SVCS INC | COM | 74762E102 |  | 384553864 | 1017123 | SH |  | SOLE | N/A | 990904 | 0 | 26219 |
| QXO INC | COM NEW | 82846H405 |  | 70010062 | 3250235 | SH |  | SOLE | N/A | 3250235 | 0 | 0 |
| RALLIANT CORP | COM | 750940108 |  | 23665350 | 488046 | SH |  | SOLE | N/A | 379115 | 0 | 108931 |
| ROLLINS INC | COM | 775711104 |  | 71401936 | 1265543 | SH |  | SOLE | N/A | 1265543 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 11880377 | 93121 | SH |  | SOLE | N/A | 67535 | 0 | 25586 |
| S GLOBAL INC | COM | 78409V104 |  | 27148053 | 51486 | SH |  | SOLE | N/A | 51486 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 110464810 | 405093 | SH |  | SOLE | N/A | 362315 | 0 | 42778 |
| SERVICE CORP INTL | COM | 817565104 |  | 563673917 | 6924741 | SH |  | SOLE | N/A | 6923421 | 0 | 1320 |
| SERVICENOW INC | COM | 81762P102 |  | 37176401 | 36161 | SH |  | SOLE | N/A | 34323 | 0 | 1838 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 259123686 | 2246473 | SH |  | SOLE | N/A | 2223352 | 0 | 23121 |
| SIGNET JEWELERS LIMITED | SHS | G81276100 |  | 311466331 | 3915353 | SH |  | SOLE | N/A | 3914432 | 0 | 921 |
| SOMNIGROUP INTERNATIONAL INC | COM | 88023U101 |  | 941591722 | 13836763 | SH |  | SOLE | N/A | 13834556 | 0 | 2207 |
| SPS COMM INC | COM | 78463M107 |  | 7528227 | 55318 | SH |  | SOLE | N/A | 55318 | 0 | 0 |
| ST JOE CO | COM | 790148100 |  | 6346914 | 133059 | SH |  | SOLE | N/A | 133059 | 0 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 493035455 | 2052433 | SH |  | SOLE | N/A | 2052036 | 0 | 397 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 511864003 | 2259985 | SH |  | SOLE | N/A | 2205482 | 0 | 54503 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 218672863 | 426837 | SH |  | SOLE | N/A | 426748 | 0 | 89 |
| TENABLE HLDGS INC | COM | 88025T102 |  | 2282447 | 67568 | SH |  | SOLE | N/A | 67568 | 0 | 0 |
| THE BALDWIN INSURANCE GRP IN | COM CL A | 05589G102 |  | 10398977 | 242910 | SH |  | SOLE | N/A | 242910 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 59384483 | 146462 | SH |  | SOLE | N/A | 116274 | 0 | 30188 |
| THOMSON REUTERS CORP | COM | 884903808 |  | 420042 | 2093 | SH |  | SOLE | N/A | 2093 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 670886593 | 12713409 | SH |  | SOLE | N/A | 12711299 | 0 | 2110 |
| TRIMBLE INC | COM | 896239100 |  | 656815644 | 8644586 | SH |  | SOLE | N/A | 8586551 | 0 | 58035 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 5433979 | 58242 | SH |  | SOLE | N/A | 58242 | 0 | 0 |
| UNITED STS LIME  MINERALS I | COM | 911922102 |  | 35547762 | 356190 | SH |  | SOLE | N/A | 356190 | 0 | 0 |
| V F CORP | COM | 918204108 |  | 2703675 | 230100 | SH | Call | SOLE | N/A | 230100 | 0 | 0 |
| VERRA MOBILITY CORP | CL A COM STK | 92511U102 |  | 10395707 | 409441 | SH |  | SOLE | N/A | 409441 | 0 | 0 |
| VIKING HOLDINGS LTD | ORD SHS | G93A5A101 |  | 952874227 | 17880920 | SH |  | SOLE | N/A | 17735108 | 0 | 145812 |
| VISA INC | COM CL A | 92826C839 |  | 191839196 | 540316 | SH |  | SOLE | N/A | 488867 | 0 | 51449 |
| WABTEC | COM | 929740108 |  | 849855906 | 4059498 | SH |  | SOLE | N/A | 4021621 | 0 | 37877 |
| WAYSTAR HLDG CORP | COM | 946784105 |  | 11246034 | 275166 | SH |  | SOLE | N/A | 275166 | 0 | 0 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 32093108 | 17872 | SH |  | SOLE | N/A | 17872 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 43577314 | 266740 | SH |  | SOLE | N/A | 266740 | 0 | 0 |
| WINMARK CORP | COM | 974250102 |  | 10272502 | 27204 | SH |  | SOLE | N/A | 27204 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 160561680 | 669007 | SH |  | SOLE | N/A | 633516 | 0 | 35491 |
| ZOETIS INC | CL A | 98978V103 |  | 108194367 | 693776 | SH |  | SOLE | N/A | 581926 | 0 | 111850 |

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