# EDGAR Filing Document

**Accession Number:** 0001259887
**File Stem:** 0001398344-25-015405
**Filing Date:** 2025-8
**Character Count:** 21369
**Document Hash:** 10e70cca40866ace7e316142918b75b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-015405.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001398344-25-015405

**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:** LONDON CO OF VIRGINIA
- **CENTRAL INDEX KEY:** 0001259887

**ORGANIZATION NAME:**
- **EIN:** 900824693
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10665
- **FILM NUMBER:** 251214721

**BUSINESS ADDRESS:**
- **STREET 1:** 1800 BAYBERRY COURT
- **STREET 2:** SUITE 301
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23226
- **BUSINESS PHONE:** 804 775 0317

**MAIL ADDRESS:**
- **STREET 1:** 1800 BAYBERRY COURT
- **STREET 2:** SUITE 301
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23226

### 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:** LONDON CO OF VIRGINIA<br>**Address:** 1800 BAYBERRY COURT<br>SUITE 301<br>RICHMOND, VA 23226

**Form 13F File Number:** 028-10665

**CRD Number (if applicable):** 000106654

**SEC File Number (if applicable):** 801-46604

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:** Andrew J. Wetzel<br>**Title:** CCO<br>**Phone:** 804-775-0317

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

/s/ Andrew J. Wetzel  Richmond, VA  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:** 174

**Form 13F Information Table Value Total:** $17674038313

      (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 |  | 777413 | 2601 | SH |  | SOLE |  | 2601 | 0 | 0 |
| ACI WORLDWIDE INC | COM | 004498101 |  | 41652856 | 907270 | SH |  | SOLE |  | 900600 | 0 | 6670 |
| ACUSHNET HLDGS CORP | COM | 005098108 |  | 33281657 | 457038 | SH |  | SOLE |  | 453606 | 0 | 3432 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 371378760 | 3174167 | SH |  | SOLE |  | 3062766 | 8014 | 103387 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 430010307 | 1524506 | SH |  | SOLE |  | 1460833 | 0 | 63673 |
| ALCON AG | ORD SHS | H01301128 |  | 859023 | 9705 | SH |  | SOLE |  | 9705 | 0 | 0 |
| ALEXANDER  BALDWIN INC NEW | COM | 014491104 |  | 15824684 | 887530 | SH |  | SOLE |  | 880864 | 0 | 6666 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 223281045 | 2350571 | SH |  | SOLE |  | 2262643 | 0 | 87927 |
| ALLY FINL INC | COM | 02005N100 |  | 188134552 | 4830152 | SH |  | SOLE |  | 4649337 | 0 | 180815 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 169149525 | 953546 | SH |  | SOLE |  | 838676 | 0 | 114870 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 236185662 | 4028394 | SH |  | SOLE |  | 3864701 | 0 | 163693 |
| AMAZON COM INC | COM | 023135106 |  | 1404096 | 6400 | SH |  | SOLE |  | 6400 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 340767 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 201826242 | 2043806 | SH |  | SOLE |  | 1967455 | 0 | 76351 |
| APPLE INC | COM | 037833100 |  | 522717251 | 2547704 | SH |  | SOLE |  | 2441073 | 0 | 106631 |
| APTARGROUP INC | COM | 038336103 |  | 159759686 | 1021281 | SH |  | SOLE |  | 983141 | 0 | 38141 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 373767565 | 2300944 | SH |  | SOLE |  | 2228014 | 4967 | 67963 |
| ATKORE INC | COM | 047649108 |  | 32023086 | 453903 | SH |  | SOLE |  | 450519 | 0 | 3384 |
| ATLANTIC UN BANKSHARES CORP | COM | 04911A107 |  | 28673620 | 916674 | SH |  | SOLE |  | 909855 | 0 | 6819 |
| AXALTA COATING SYS LTD | COM | G0750C108 |  | 40313248 | 1357802 | SH |  | SOLE |  | 1315959 | 15157 | 26686 |
| BALL CORP | COM | 058498106 |  | 157633112 | 2810356 | SH |  | SOLE |  | 2705065 | 0 | 105291 |
| BANK AMERICA CORP | COM | 060505104 |  | 421053 | 8898 | SH |  | SOLE |  | 8898 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 7288000 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 510386470 | 1050644 | SH |  | SOLE |  | 997536 | 0 | 53108 |
| BLACKROCK INC | COM | 09290D101 |  | 465076489 | 443231 | SH |  | SOLE |  | 426160 | 0 | 17071 |
| BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 |  | 55169 | 12860 | SH |  | SOLE |  | 12860 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 2117582 | 45746 | SH |  | SOLE |  | 45746 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 25439551 | 104670 | SH |  | SOLE |  | 101500 | 1147 | 2023 |
| BROWN FORMAN CORP | CL B | 115637209 |  | 35841811 | 1331911 | SH |  | SOLE |  | 1281947 | 0 | 49963 |
| BRUKER CORP | COM | 116794108 |  | 165781495 | 4023813 | SH |  | SOLE |  | 3764829 | 5323 | 253660 |
| BURFORD CAP LTD | ORD SHS | G17977110 |  | 532768 | 37361 | SH |  | SOLE |  | 37361 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 457394 | 4767 | SH |  | SOLE |  | 4767 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 10564987 | 157194 | SH |  | SOLE |  | 157194 | 0 | 0 |
| CASELLA WASTE SYS INC | CL A | 147448104 |  | 74940324 | 649499 | SH |  | SOLE |  | 635572 | 4351 | 9576 |
| CBRE GROUP INC | CL A | 12504L109 |  | 171920124 | 1226944 | SH |  | SOLE |  | 1181123 | 0 | 45821 |
| CCC INTELLIGENT SOLUTIONS HL | COM | 12510Q100 |  | 31684958 | 3367157 | SH |  | SOLE |  | 3262875 | 37910 | 66371 |
| CERTARA INC | COM | 15687V109 |  | 17230701 | 1472708 | SH |  | SOLE |  | 1461440 | 0 | 11268 |
| CHEVRON CORP NEW | COM | 166764100 |  | 301652876 | 2106634 | SH |  | SOLE |  | 2033289 | 0 | 73345 |
| CHUBB LIMITED | COM | H1467J104 |  | 213558901 | 737090 | SH |  | SOLE |  | 696780 | 0 | 40310 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 45389870 | 472270 | SH |  | SOLE |  | 393684 | 0 | 78586 |
| CHURCHILL DOWNS INC | COM | 171484108 |  | 302402126 | 2994070 | SH |  | SOLE |  | 2892916 | 5964 | 95190 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 328911595 | 2208621 | SH |  | SOLE |  | 2154794 | 0 | 53827 |
| CISCO SYS INC | COM | 17275R102 |  | 246734028 | 3556256 | SH |  | SOLE |  | 3508805 | 0 | 47451 |
| COCA COLA CO | COM | 191216100 |  | 12179329 | 172146 | SH |  | SOLE |  | 172146 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 271004 | 7593 | SH |  | SOLE |  | 7550 | 0 | 43 |
| COPART INC | COM | 217204106 |  | 165565123 | 3374056 | SH |  | SOLE |  | 3247740 | 0 | 126316 |
| CORNING INC | COM | 219350105 |  | 314451818 | 5979292 | SH |  | SOLE |  | 5905851 | 0 | 73441 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1712596 | 1730 | SH |  | SOLE |  | 1730 | 0 | 0 |
| CREDIT ACCEP CORP MICH | COM | 225310101 |  | 52384644 | 102823 | SH |  | SOLE |  | 99643 | 1164 | 2016 |
| CRH PLC | ORD | G25508105 |  | 1385446 | 15092 | SH |  | SOLE |  | 15092 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 302391872 | 2943532 | SH |  | SOLE |  | 2866154 | 0 | 77378 |
| CSX CORP | COM | 126408103 |  | 3456626 | 105934 | SH |  | SOLE |  | 105934 | 0 | 0 |
| CTS CORP | COM | 126501105 |  | 25613074 | 601102 | SH |  | SOLE |  | 596588 | 0 | 4515 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 35514677 | 344562 | SH |  | SOLE |  | 334034 | 3807 | 6721 |
| DEERE  CO | COM | 244199105 |  | 7580569 | 14908 | SH |  | SOLE |  | 14908 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 106868992 | 1059765 | SH |  | SOLE |  | 1054046 | 0 | 5719 |
| DOLLAR TREE INC | COM | 256746108 |  | 281284313 | 2840104 | SH |  | SOLE |  | 2734232 | 35 | 105837 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 280662240 | 4965699 | SH |  | SOLE |  | 4897366 | 0 | 68332 |
| DOUBLEVERIFY HLDGS INC | COM | 25862V105 |  | 13949794 | 931848 | SH |  | SOLE |  | 924761 | 0 | 7087 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 2001398 | 16961 | SH |  | SOLE |  | 16961 | 0 | 0 |
| ELEMENT SOLUTIONS INC | COM | 28618M106 |  | 29112832 | 1285331 | SH |  | SOLE |  | 1245270 | 14941 | 25119 |
| ELI LILLY  CO | COM | 532457108 |  | 18552034 | 23799 | SH |  | SOLE |  | 23799 | 0 | 0 |
| ENOVIS CORPORATION | COM | 194014502 |  | 14029795 | 447376 | SH |  | SOLE |  | 444261 | 0 | 3115 |
| ENTEGRIS INC | COM | 29362U104 |  | 296385498 | 3674950 | SH |  | SOLE |  | 3473120 | 6806 | 195024 |
| EPLUS INC | COM | 294268107 |  | 21746743 | 301615 | SH |  | SOLE |  | 299355 | 0 | 2260 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 1633688 | 29121 | SH |  | SOLE |  | 29121 | 0 | 0 |
| ESSENTIAL PPTYS RLTY TR INC | COM | 29670E107 |  | 35119791 | 1100587 | SH |  | SOLE |  | 1092523 | 0 | 8064 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1507906 | 13988 | SH |  | SOLE |  | 13988 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 221270675 | 5268327 | SH |  | SOLE |  | 5196724 | 0 | 71603 |
| FEDEX CORP | COM | 31428X106 |  | 50008427 | 220001 | SH |  | SOLE |  | 186410 | 0 | 33591 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 466184216 | 5726352 | SH |  | SOLE |  | 5584984 | 0 | 141367 |
| FIRST INDL RLTY TR INC | COM | 32054K103 |  | 46596553 | 968132 | SH |  | SOLE |  | 945680 | 7283 | 15169 |
| FISERV INC | COM | 337738108 |  | 66735428 | 387074 | SH |  | SOLE |  | 318637 | 0 | 68437 |
| GATES INDL CORP PLC | ORD SHS | G39108108 |  | 35244063 | 1530353 | SH |  | SOLE |  | 1519051 | 0 | 11302 |
| GATX CORP | COM | 361448103 |  | 1909979 | 12438 | SH |  | SOLE |  | 12438 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 543946 | 1865 | SH |  | SOLE |  | 1865 | 0 | 0 |
| GRAHAM HLDGS CO | COM CL B | 384637104 |  | 25593068 | 27046 | SH |  | SOLE |  | 26847 | 0 | 198 |
| GREAT LAKES DREDGE  DOCK CO | COM | 390607109 |  | 7835049 | 642744 | SH |  | SOLE |  | 642744 | 0 | 0 |
| HAEMONETICS CORP MASS | COM | 405024100 |  | 21377146 | 286515 | SH |  | SOLE |  | 284449 | 0 | 2066 |
| HANOVER INS GROUP INC | COM | 410867105 |  | 79284272 | 466726 | SH |  | SOLE |  | 456261 | 3313 | 7152 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 47401496 | 263088 | SH |  | SOLE |  | 255021 | 2916 | 5151 |
| HERSHEY CO | COM | 427866108 |  | 1129788 | 6808 | SH |  | SOLE |  | 6808 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 18733471 | 51095 | SH |  | SOLE |  | 51095 | 0 | 0 |
| ICON PLC | SHS | G4705A100 |  | 454102 | 3122 | SH |  | SOLE |  | 3122 | 0 | 0 |
| INGEVITY CORP | COM | 45688C107 |  | 20869062 | 484310 | SH |  | SOLE |  | 480715 | 0 | 3596 |
| INTERNATIONAL GAME TECHNOLOG | SHS USD | G4863A108 |  | 167586 | 10600 | SH |  | SOLE |  | 10600 | 0 | 0 |
| INTERPARFUMS INC | COM | 458334109 |  | 27646872 | 210542 | SH |  | SOLE |  | 208953 | 0 | 1589 |
| ISHARES TR | CORE S ETF | 464287200 |  | 9258772 | 14907 | SH |  | SOLE |  | 14823 | 0 | 84 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 596 | 6 | SH |  | SOLE |  | 6 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 11709092 | 188793 | SH |  | SOLE |  | 186663 | 0 | 2130 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 1302118 | 6704 | SH |  | SOLE |  | 6704 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 3484799 | 10262 | SH |  | SOLE |  | 10262 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 5400462 | 25025 | SH |  | SOLE |  | 24831 | 0 | 194 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 42648 | 121 | SH |  | SOLE |  | 121 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1048 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 276511499 | 1810203 | SH |  | SOLE |  | 1750604 | 0 | 59599 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 168288317 | 1027020 | SH |  | SOLE |  | 988609 | 0 | 38411 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 129125341 | 2490353 | SH |  | SOLE |  | 2401786 | 7180 | 81387 |
| LANCASTER COLONY CORP | COM | 513847103 |  | 77807982 | 450347 | SH |  | SOLE |  | 440153 | 3282 | 6912 |
| LANDSTAR SYS INC | COM | 515098101 |  | 34522782 | 248326 | SH |  | SOLE |  | 246552 | 0 | 1774 |
| LENNOX INTL INC | COM | 526107107 |  | 202371984 | 353027 | SH |  | SOLE |  | 339776 | 0 | 13252 |
| LIBERTY MEDIA CORP DEL | COM LBTY LIV S C | 531229722 |  | 17041003 | 209968 | SH |  | SOLE |  | 208708 | 0 | 1260 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 420558 | 2780 | SH |  | SOLE |  | 2780 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 306996023 | 1383655 | SH |  | SOLE |  | 1344392 | 0 | 39263 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 851182 | 2270 | SH |  | SOLE |  | 2270 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 211779079 | 1091696 | SH |  | SOLE |  | 1050886 | 0 | 40810 |
| MARKEL GROUP INC | COM | 570535104 |  | 1212398 | 607 | SH |  | SOLE |  | 607 | 0 | 0 |
| MARTEN TRANS LTD | COM | 573075108 |  | 12638698 | 972954 | SH |  | SOLE |  | 965740 | 0 | 7215 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 101576417 | 185034 | SH |  | SOLE |  | 167224 | 0 | 17810 |
| MATSON INC | COM | 57686G105 |  | 30301841 | 272128 | SH |  | SOLE |  | 270178 | 0 | 1950 |
| MERCK  CO INC | COM | 58933Y105 |  | 490319 | 6194 | SH |  | SOLE |  | 6160 | 0 | 34 |
| MICROSOFT CORP | COM | 594918104 |  | 353395564 | 710449 | SH |  | SOLE |  | 702095 | 0 | 8355 |
| MOELIS  CO | CL A | 60786M105 |  | 212947679 | 3416998 | SH |  | SOLE |  | 3307710 | 0 | 109288 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 1770974 | 26260 | SH |  | SOLE |  | 26260 | 0 | 0 |
| MURPHY USA INC | COM | 626755102 |  | 83322418 | 204814 | SH |  | SOLE |  | 199906 | 1614 | 3294 |
| NETFLIX INC | COM | 64110L106 |  | 2155999 | 1610 | SH |  | SOLE |  | 1610 | 0 | 0 |
| NEWMARKET CORP | COM | 651587107 |  | 382388064 | 553479 | SH |  | SOLE |  | 524026 | 827 | 28626 |
| NIKE INC | CL B | 654106103 |  | 6639967 | 93468 | SH |  | SOLE |  | 93468 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 472253642 | 1844928 | SH |  | SOLE |  | 1775669 | 0 | 69258 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 199688545 | 399361 | SH |  | SOLE |  | 397124 | 0 | 2237 |
| NORWEGIAN CRUISE LINE HLDG L | SHS | G66721104 |  | 14320986 | 706163 | SH |  | SOLE |  | 706163 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 25152008 | 159200 | SH |  | SOLE |  | 159200 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 597352 | 2734 | SH |  | SOLE |  | 2734 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 185910865 | 1145472 | SH |  | SOLE |  | 1066446 | 0 | 79026 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 71636676 | 794815 | SH |  | SOLE |  | 713181 | 0 | 81634 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 204835533 | 2068624 | SH |  | SOLE |  | 1991395 | 0 | 77230 |
| PACCAR INC | COM | 693718108 |  | 1139960 | 11992 | SH |  | SOLE |  | 11992 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 305289 | 1620 | SH |  | SOLE |  | 1620 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 224921571 | 1546258 | SH |  | SOLE |  | 1525309 | 0 | 20948 |
| PENSKE AUTOMOTIVE GRP INC | COM | 70959W103 |  | 3748112 | 21815 | SH |  | SOLE |  | 21646 | 0 | 169 |
| PFIZER INC | COM | 717081103 |  | 1227198 | 50627 | SH |  | SOLE |  | 50627 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 405939838 | 2228823 | SH |  | SOLE |  | 2217871 | 0 | 10952 |
| POOL CORP | COM | 73278L105 |  | 143688611 | 492958 | SH |  | SOLE |  | 474496 | 0 | 18461 |
| POST HLDGS INC | COM | 737446104 |  | 200968991 | 1843235 | SH |  | SOLE |  | 1777446 | 5296 | 60493 |
| PRICESMART INC | COM | 741511109 |  | 21664429 | 206246 | SH |  | SOLE |  | 204637 | 0 | 1609 |
| PROGRESSIVE CORP | COM | 743315103 |  | 474618099 | 1778506 | SH |  | SOLE |  | 1697418 | 0 | 81088 |
| QUALYS INC | COM | 74758T303 |  | 67147138 | 469977 | SH |  | SOLE |  | 459537 | 3320 | 7120 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 81678712 | 331206 | SH |  | SOLE |  | 281577 | 0 | 49629 |
| REVOLVE GROUP INC | CL A | 76156B107 |  | 22973150 | 1145791 | SH |  | SOLE |  | 1137341 | 0 | 8450 |
| REYNOLDS CONSUMER PRODS INC | COM | 76171L106 |  | 21308916 | 994810 | SH |  | SOLE |  | 963920 | 11519 | 19372 |
| ROBERT HALF INC. | COM | 770323103 |  | 250405 | 6100 | SH |  | SOLE |  | 6100 | 0 | 0 |
| SAIA INC | COM | 78709Y105 |  | 28563844 | 104245 | SH |  | SOLE |  | 100926 | 1241 | 2078 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 394437796 | 4323063 | SH |  | SOLE |  | 4139317 | 0 | 183745 |
| SERVICE CORP INTL | COM | 817565104 |  | 460805 | 5661 | SH |  | SOLE |  | 5661 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 1339104 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| SOMNIGROUP INTERNATIONAL INC | COM | 88023U101 |  | 269286215 | 3957172 | SH |  | SOLE |  | 3814041 | 6992 | 136138 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 572660 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 522124 | 845 | SH |  | SOLE |  | 844 | 0 | 1 |
| STARBUCKS CORP | COM | 855244109 |  | 261806804 | 2857196 | SH |  | SOLE |  | 2739747 | 0 | 117449 |
| STERIS PLC | SHS USD | G8473T100 |  | 199067828 | 828686 | SH |  | SOLE |  | 797689 | 0 | 30997 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 1263361 | 5578 | SH |  | SOLE |  | 5578 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 964205 | 9774 | SH |  | SOLE |  | 9774 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 282367963 | 1674057 | SH |  | SOLE |  | 1598565 | 0 | 75492 |
| TESLA INC | COM | 88160R101 |  | 403111 | 1269 | SH |  | SOLE |  | 1269 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 408852402 | 1969214 | SH |  | SOLE |  | 1897078 | 0 | 72136 |
| TORO CO | COM | 891092108 |  | 31407056 | 444350 | SH |  | SOLE |  | 430766 | 5040 | 8544 |
| TOWNEBANK PORTSMOUTH VA | COM | 89214P109 |  | 559492 | 16369 | SH |  | SOLE |  | 16369 | 0 | 0 |
| TREDEGAR CORP | COM | 894650100 |  | 2717244 | 308775 | SH |  | SOLE |  | 306494 | 0 | 2281 |
| TREX CO INC | COM | 89531P105 |  | 23158632 | 425860 | SH |  | SOLE |  | 412635 | 4890 | 8336 |
| UDR INC | COM | 902653104 |  | 954320 | 23373 | SH |  | SOLE |  | 23373 | 0 | 0 |
| UNIFIRST CORP MASS | COM | 904708104 |  | 178261485 | 947077 | SH |  | SOLE |  | 915783 | 1573 | 29721 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 699877 | 6933 | SH |  | SOLE |  | 6918 | 0 | 16 |
| VAIL RESORTS INC | COM | 91879Q109 |  | 23834607 | 151680 | SH |  | SOLE |  | 146944 | 1718 | 3018 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 79531 | 284 | SH |  | SOLE |  | 284 | 0 | 0 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 90200 | 468 | SH |  | SOLE |  | 468 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 101309 | 427 | SH |  | SOLE |  | 427 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 108330726 | 305114 | SH |  | SOLE |  | 263317 | 0 | 41797 |
| VONTIER CORPORATION | COM | 928881101 |  | 34154139 | 925584 | SH |  | SOLE |  | 918609 | 0 | 6976 |
| VULCAN MATLS CO | COM | 929160109 |  | 188601219 | 723104 | SH |  | SOLE |  | 696185 | 0 | 26919 |
| WATERS CORP | COM | 941848103 |  | 202599603 | 580436 | SH |  | SOLE |  | 559765 | 1590 | 19081 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 2254657 | 28141 | SH |  | SOLE |  | 27689 | 0 | 452 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 123509005 | 68770 | SH |  | SOLE |  | 67417 | 443 | 909 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 1129452 | 3685 | SH |  | SOLE |  | 3685 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 58226458 | 188819 | SH |  | SOLE |  | 183033 | 2092 | 3694 |

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