# EDGAR Filing Document

**Accession Number:** 0001562855
**File Stem:** 0001398344-25-020819
**Filing Date:** 2025-11
**Character Count:** 23949
**Document Hash:** 6b4fed2955dda9155cc38100878ec670
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-020819.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001398344-25-020819

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Clarkston Capital Partners, LLC
- **CENTRAL INDEX KEY:** 0001562855

**ORGANIZATION NAME:**
- **EIN:** 830473650
- **STATE OF INCORPORATION:** MI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15091
- **FILM NUMBER:** 251475703

**BUSINESS ADDRESS:**
- **STREET 1:** 303 E. THIRD STREET
- **STREET 2:** SUITE 110
- **CITY:** ROCHESTER
- **STATE:** MI
- **ZIP:** 48307
- **BUSINESS PHONE:** 248-723-8000

**MAIL ADDRESS:**
- **STREET 1:** 303 E. THIRD STREET
- **STREET 2:** SUITE 110
- **CITY:** ROCHESTER
- **STATE:** MI
- **ZIP:** 48307

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Clarkston Capital Partners LLC
- **DATE OF NAME CHANGE:** 20121126

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Clarkston Capital Partners LLC<br>**Address:** 303 E. THIRD STREET<br>SUITE 110<br>ROCHESTER, MI 48307

**Form 13F File Number:** 028-15091

**CRD Number (if applicable):** 000143456

**SEC File Number (if applicable):** 801-67681

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:** Melanie Mayo West<br>**Title:** Chief Compliance Officer<br>**Phone:** 248-723-8000

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

/s/ Melanie Mayo West Esq.  Rochester, MI  11-13-2025<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:** 207

**Form 13F Information Table Value Total:** $4643556152

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 916417 | 6842 | SH |  | SOLE |  | 6842 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 625158 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 653490 | 2650 | SH |  | SOLE |  | 2650 | 0 | 0 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 |  | 293825157 | 1232333 | SH |  | SOLE |  | 1164498 | 0 | 67835 |
| AGREE RLTY CORP | COM | 008492100 |  | 234432 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| AGREE RLTY CORP | COM | 008492100 |  | 99456 | 1400 | SH |  | OTR |  | 1400 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 13319653 | 109699 | SH |  | SOLE |  | 107749 | 0 | 1950 |
| AIRBNB INC | COM CL A | 009066101 |  | 4250 | 35 | SH |  | OTR |  | 35 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 17682942 | 141215 | SH |  | SOLE |  | 118215 | 0 | 23000 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2239442 | 9195 | SH |  | SOLE |  | 9195 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 59670 | 245 | SH |  | OTR |  | 245 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 40361483 | 166028 | SH |  | SOLE |  | 161113 | 0 | 4915 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 9724 | 40 | SH |  | OTR |  | 40 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 8077322 | 36787 | SH |  | SOLE |  | 35647 | 0 | 1140 |
| AMAZON COM INC | COM | 023135106 |  | 1569926 | 7150 | SH |  | OTR |  | 7150 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 44677772 | 134507 | SH |  | SOLE |  | 131042 | 0 | 3465 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 9965 | 30 | SH |  | OTR |  | 30 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 1391900 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 |  | 61707497 | 1035187 | SH |  | SOLE |  | 1020712 | 0 | 14475 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 |  | 10432 | 175 | SH |  | OTR |  | 175 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 39668072 | 155787 | SH |  | SOLE |  | 155637 | 0 | 150 |
| APPLE INC | COM | 037833100 |  | 40995 | 161 | SH |  | OTR |  | 161 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 663310 | 2260 | SH |  | SOLE |  | 2260 | 0 | 0 |
| AVANTOR INC | COM | 05352A100 |  | 187453656 | 15020325 | SH |  | SOLE |  | 14137500 | 0 | 882825 |
| BANK AMERICA CORP | COM | 060505104 |  | 2785860 | 54000 | SH |  | SOLE |  | 54000 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 |  | 231194 | 1775 | SH |  | SOLE |  | 1775 | 0 | 0 |
| BANK NOVA SCOTIA HALIFAX | COM | 064149107 |  | 224723 | 3476 | SH |  | SOLE |  | 3476 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 70522848 | 376785 | SH |  | SOLE |  | 339080 | 0 | 37705 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 9358 | 50 | SH |  | OTR |  | 50 | 0 | 0 |
| BELLRING BRANDS INC | COMMON STOCK | 07831C103 |  | 34384919 | 945940 | SH |  | SOLE |  | 942605 | 0 | 3335 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1024584 | 2038 | SH |  | SOLE |  | 2038 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 1508400 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 754200 | 1 | SH |  | OTR |  | 1 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 326781 | 650 | SH |  | OTR |  | 650 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 12869276 | 75325 | SH |  | SOLE |  | 75325 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 634595 | 6500 | SH |  | SOLE |  | 6500 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 2074600 | 46000 | SH |  | SOLE |  | 46000 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 66597465 | 710070 | SH |  | SOLE |  | 684755 | 0 | 25315 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 143462451 | 1083553 | SH |  | SOLE |  | 1025768 | 0 | 57785 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 4634 | 35 | SH |  | OTR |  | 35 | 0 | 0 |
| CANADIAN IMPERIAL BANK OF CO | COM | 136069101 |  | 399450 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 48680098 | 228997 | SH |  | SOLE |  | 223232 | 0 | 5765 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 8503 | 40 | SH |  | OTR |  | 40 | 0 | 0 |
| CCC INTELLIGENT SOLUTIONS HL | COM | 12510Q100 |  | 73777927 | 8098565 | SH |  | SOLE |  | 7679790 | 0 | 418775 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2868827 | 18474 | SH |  | SOLE |  | 18474 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 5316234 | 77700 | SH |  | SOLE |  | 77700 | 0 | 0 |
| CLARIVATE PLC | ORD SHS | G21810109 |  | 255493318 | 66708438 | SH |  | SOLE |  | 63393588 | 0 | 3314850 |
| COCA COLA CO | COM | 191216100 |  | 2050283 | 30915 | SH |  | SOLE |  | 30915 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 29317021 | 933069 | SH |  | SOLE |  | 910644 | 0 | 22425 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 7855 | 250 | SH |  | OTR |  | 250 | 0 | 0 |
| COMERICA INC | COM | 200340107 |  | 247700 | 3615 | SH |  | SOLE |  | 3615 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 3401833 | 3675 | SH |  | SOLE |  | 3675 | 0 | 0 |
| CREDIT ACCEP CORP MICH | COM | 225310101 |  | 1867720 | 4000 | SH |  | OTR |  | 4000 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 15652429 | 78949 | SH |  | SOLE |  | 77039 | 0 | 1910 |
| DANAHER CORPORATION | COM | 235851102 |  | 2974 | 15 | SH |  | OTR |  | 15 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 923978 | 6954 | SH |  | SOLE |  | 6954 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 274356 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 5252037 | 55035 | SH |  | SOLE |  | 54945 | 0 | 90 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 7157 | 75 | SH |  | OTR |  | 75 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 2500988 | 20210 | SH |  | SOLE |  | 20210 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 7668150 | 10050 | SH |  | SOLE |  | 10050 | 0 | 0 |
| ENERGIZER HLDGS INC NEW | COM | 29272W109 |  | 95952319 | 3855055 | SH |  | SOLE |  | 3841305 | 0 | 13750 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 2574000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 6297778 | 201400 | SH |  | SOLE |  | 201400 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 100064 | 3200 | SH |  | OTR |  | 3200 | 0 | 0 |
| ENVISTA HOLDINGS CORPORATION | COM | 29415F104 |  | 87942484 | 4317255 | SH |  | SOLE |  | 4302455 | 0 | 14800 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 1778500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 6199204 | 54982 | SH |  | SOLE |  | 54982 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 224480 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 80227280 | 340220 | SH |  | SOLE |  | 304790 | 0 | 35430 |
| FEDEX CORP | COM | 31428X106 |  | 9432 | 40 | SH |  | OTR |  | 40 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 4154220 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| FIRST MERCHANTS CORP | COM | 320817109 |  | 1172960 | 31113 | SH |  | OTR |  | 31113 | 0 | 0 |
| FIRST MERCHANTS CORP | COM | 320817109 |  | 135079 | 3583 | SH |  | SOLE |  | 3583 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 431278 | 36060 | SH |  | SOLE |  | 36060 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 38225917 | 780280 | SH |  | SOLE |  | 665280 | 0 | 115000 |
| GARTNER INC | COM | 366651107 |  | 38679743 | 147144 | SH |  | SOLE |  | 128864 | 0 | 18280 |
| GARTNER INC | COM | 366651107 |  | 3943 | 15 | SH |  | OTR |  | 15 | 0 | 0 |
| GAUZY LTD | SHS | M4757U106 |  | 79359 | 12537 | SH |  | SOLE |  | 12537 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 283371 | 831 | SH |  | SOLE |  | 831 | 0 | 0 |
| GFL ENVIRONMENTAL INC | SUB VTG SHS | 36168Q104 |  | 135509643 | 2860060 | SH |  | SOLE |  | 2703200 | 0 | 156860 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 7963500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| HENRY SCHEIN INC | COM | 806407102 |  | 99528452 | 1499600 | SH |  | SOLE |  | 1420900 | 0 | 78700 |
| HILLENBRAND INC | COM | 431571108 |  | 84913874 | 3140306 | SH |  | SOLE |  | 3130456 | 0 | 9850 |
| HOME DEPOT INC | COM | 437076102 |  | 2842408 | 7015 | SH |  | SOLE |  | 7015 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 16281697 | 100035 | SH |  | SOLE |  | 84035 | 0 | 16000 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 741862 | 2845 | SH |  | SOLE |  | 2845 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1989228 | 7050 | SH |  | SOLE |  | 7050 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 43735 | 155 | SH |  | OTR |  | 155 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 9989173 | 162320 | SH |  | SOLE |  | 137320 | 0 | 25000 |
| INTUIT | COM | 461202103 |  | 236287 | 346 | SH |  | SOLE |  | 346 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 1110025 | 2482 | SH |  | SOLE |  | 2482 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 630991 | 1051 | SH |  | SOLE |  | 1051 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 49759532 | 261975 | SH |  | SOLE |  | 224975 | 0 | 37000 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 517574 | 5928 | SH |  | SOLE |  | 5928 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 212852 | 2925 | SH |  | SOLE |  | 2925 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 559473 | 5992 | SH |  | OTR |  | 5992 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 28972 | 310 | SH |  | SOLE |  | 310 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 654150 | 12250 | SH |  | OTR |  | 12250 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1921886 | 4103 | SH |  | SOLE |  | 4103 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 61508 | 131 | SH |  | OTR |  | 131 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 629096 | 2600 | SH |  | OTR |  | 2600 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 84686 | 350 | SH |  | SOLE |  | 350 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1674010 | 2501 | SH |  | SOLE |  | 2501 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2375421 | 3549 | SH |  | OTR |  | 3549 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 726018 | 11125 | SH |  | OTR |  | 11125 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 23097740 | 124570 | SH |  | SOLE |  | 121470 | 0 | 3100 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 7417 | 40 | SH |  | OTR |  | 40 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 676481 | 2145 | SH |  | SOLE |  | 2145 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 21607051 | 1331303 | SH |  | SOLE |  | 1293978 | 0 | 37325 |
| KENVUE INC | COM | 49177J102 |  | 5680 | 350 | SH |  | OTR |  | 350 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 14316215 | 561200 | SH |  | SOLE |  | 544750 | 0 | 16450 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 4464 | 175 | SH |  | OTR |  | 175 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 146109359 | 2515657 | SH |  | SOLE |  | 2376572 | 0 | 139085 |
| LANDSTAR SYS INC | COM | 515098101 |  | 23062728 | 188175 | SH |  | SOLE |  | 187525 | 0 | 650 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 |  | 381240 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 109262805 | 3577695 | SH |  | SOLE |  | 3368770 | 0 | 208925 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 165890213 | 498633 | SH |  | SOLE |  | 481308 | 0 | 17325 |
| MARCUS  MILLICHAP INC | COM | 566324109 |  | 397106 | 13530 | SH |  | SOLE |  | 13530 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 448404 | 2225 | SH |  | SOLE |  | 2225 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 23339981 | 41033 | SH |  | SOLE |  | 39348 | 0 | 1685 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 5688 | 10 | SH |  | OTR |  | 10 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 1716978 | 5650 | SH |  | SOLE |  | 5650 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 31605 | 104 | SH |  | OTR |  | 104 | 0 | 0 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 63274586 | 123064 | SH |  | SOLE |  | 116249 | 0 | 6815 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 20622698 | 216534 | SH |  | SOLE |  | 210209 | 0 | 6325 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 4762 | 50 | SH |  | OTR |  | 50 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1699582 | 20250 | SH |  | SOLE |  | 20250 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 11927066 | 16241 | SH |  | SOLE |  | 16141 | 0 | 100 |
| META PLATFORMS INC | CL A | 30303M102 |  | 110157 | 150 | SH |  | OTR |  | 150 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 51054426 | 98570 | SH |  | SOLE |  | 95915 | 0 | 2655 |
| MICROSOFT CORP | COM | 594918104 |  | 5697 | 11 | SH |  | OTR |  | 11 | 0 | 0 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 29343300 | 210000 | SH |  | SOLE |  | 210000 | 0 | 0 |
| MIDDLEBY CORP | COM | 596278101 |  | 86294434 | 649172 | SH |  | SOLE |  | 613101 | 0 | 36071 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 152210140 | 3363760 | SH |  | SOLE |  | 3185125 | 0 | 178635 |
| NEOGEN CORP | COM | 640491106 |  | 66768458 | 11693250 | SH |  | SOLE |  | 11654900 | 0 | 38350 |
| NETFLIX INC | COM | 64110L106 |  | 338095 | 282 | SH |  | SOLE |  | 282 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 41962 | 35 | SH |  | OTR |  | 35 | 0 | 0 |
| NICOLET BANKSHARES INC | COM | 65406E102 |  | 209148 | 1555 | SH |  | SOLE |  | 1555 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 2708600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1328823 | 7122 | SH |  | SOLE |  | 7122 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 25194 | 135 | SH |  | OTR |  | 135 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 1560550 | 14475 | SH |  | SOLE |  | 14475 | 0 | 0 |
| HARRIS OAKMARK ETF TRUST | OAKMARK U S LRG | 41456U106 |  | 2301072 | 85925 | SH |  | SOLE |  | 83425 | 0 | 2500 |
| OLD NATL BANCORP IND | COM | 680033107 |  | 819898 | 37353 | SH |  | SOLE |  | 37353 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1770812 | 6296 | SH |  | SOLE |  | 6296 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 14414214 | 157653 | SH |  | SOLE |  | 153208 | 0 | 4445 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 4114 | 45 | SH |  | OTR |  | 45 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 25433633 | 200644 | SH |  | SOLE |  | 196044 | 0 | 4600 |
| PAYCHEX INC | COM | 704326107 |  | 7606 | 60 | SH |  | OTR |  | 60 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 28837316 | 205335 | SH |  | SOLE |  | 200710 | 0 | 4625 |
| PEPSICO INC | COM | 713448108 |  | 9831 | 70 | SH |  | OTR |  | 70 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 2082124 | 81716 | SH |  | SOLE |  | 81716 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 4200980 | 25900 | SH |  | SOLE |  | 25900 | 0 | 0 |
| POST HLDGS INC | COM | 737446104 |  | 312106873 | 2903860 | SH |  | SOLE |  | 2751885 | 0 | 151975 |
| PRIMO BRANDS CORPORATION | CLASS A COM SHS | 741623102 |  | 50280926 | 2275155 | SH |  | SOLE |  | 2144680 | 0 | 130475 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1556100 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 638084 | 4829 | SH |  | SOLE |  | 4829 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 424384 | 2551 | SH |  | SOLE |  | 2551 | 0 | 0 |
| RALLIANT CORP | COM | 750940108 |  | 24768891 | 566405 | SH |  | SOLE |  | 564480 | 0 | 1925 |
| ROYAL BK CDA | COM | 780087102 |  | 398648 | 2706 | SH |  | SOLE |  | 2706 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 338341 | 2022 | SH |  | SOLE |  | 2022 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 4705838 | 109540 | SH |  | SOLE |  | 105190 | 0 | 4350 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 5694187 | 216509 | SH |  | SOLE |  | 198359 | 0 | 18150 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 520273 | 19058 | SH |  | SOLE |  | 19058 | 0 | 0 |
| SERVISFIRST BANCSHARES INC | COM | 81768T108 |  | 9663600 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 2843100 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 12786555 | 139363 | SH |  | SOLE |  | 133500 | 0 | 5863 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 1690205 | 39500 | SH |  | OTR |  | 39500 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 3813972 | 5725 | SH |  | SOLE |  | 5725 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 1579230 | 4272 | SH |  | SOLE |  | 4272 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 142394299 | 1729345 | SH |  | SOLE |  | 1663685 | 0 | 65660 |
| SYSCO CORP | COM | 871829107 |  | 10292 | 125 | SH |  | OTR |  | 125 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1411986 | 3175 | SH |  | SOLE |  | 175 | 0 | 3000 |
| TESLA INC | COM | 88160R101 |  | 22236 | 50 | SH |  | OTR |  | 50 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 955396 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 236766 | 1097 | SH |  | SOLE |  | 1097 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 78506180 | 822313 | SH |  | SOLE |  | 744538 | 0 | 77775 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 18684459 | 121604 | SH |  | SOLE |  | 118769 | 0 | 2835 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 5378 | 35 | SH |  | OTR |  | 35 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 254081 | 3178 | SH |  | SOLE |  | 3178 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 16106544 | 33208 | SH |  | SOLE |  | 32283 | 0 | 925 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 4850 | 10 | SH |  | OTR |  | 10 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 32932169 | 681402 | SH |  | SOLE |  | 661802 | 0 | 19600 |
| US BANCORP DEL | COM NEW | 902973304 |  | 10874 | 225 | SH |  | OTR |  | 225 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 17695018 | 211840 | SH |  | SOLE |  | 205440 | 0 | 6400 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 8353 | 100 | SH |  | OTR |  | 100 | 0 | 0 |
| UNITED STS 12 MONTH OIL FD L | UNIT BEN INT | 91288V103 |  | 445000 | 12500 | SH |  | OTR |  | 12500 | 0 | 0 |
| US FOODS HLDG CORP | COM | 912008109 |  | 145236658 | 1895545 | SH |  | SOLE |  | 1794165 | 0 | 101380 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 433792 | 581 | SH |  | SOLE |  | 581 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 3747766 | 6120 | SH |  | SOLE |  | 6120 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 210960 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 1956600 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1290758 | 3781 | SH |  | SOLE |  | 3781 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 2731 | 8 | SH |  | OTR |  | 8 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 412755 | 4005 | SH |  | SOLE |  | 4005 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 28031583 | 244817 | SH |  | SOLE |  | 238292 | 0 | 6525 |
| DISNEY WALT CO | COM | 254687106 |  | 13854 | 121 | SH |  | OTR |  | 121 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 55207892 | 2826825 | SH |  | SOLE |  | 2376825 | 0 | 450000 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 15819654 | 71637 | SH |  | SOLE |  | 69027 | 0 | 2610 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 11042 | 50 | SH |  | OTR |  | 50 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 222123 | 2650 | SH |  | SOLE |  | 2650 | 0 | 0 |
| WILEY JOHN  SONS INC | CL A | 968223206 |  | 89350637 | 2207824 | SH |  | SOLE |  | 2199324 | 0 | 8500 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 155360260 | 449733 | SH |  | SOLE |  | 423838 | 0 | 25895 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 10364 | 30 | SH |  | OTR |  | 30 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 9075280 | 37699 | SH |  | SOLE |  | 36634 | 0 | 1065 |
| WORKDAY INC | CL A | 98138H101 |  | 3611 | 15 | SH |  | OTR |  | 15 | 0 | 0 |

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