# EDGAR Filing Document

**Accession Number:** 0001259887
**File Stem:** 0001398344-23-003154
**Filing Date:** 2023-2
**Character Count:** 20548
**Document Hash:** b288f28e7848f014187aad589f0b9490
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-003154.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001398344-23-003154

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LONDON CO OF VIRGINIA
- **CENTRAL INDEX KEY:** 0001259887
- **IRS NUMBER:** 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:** 23623184

**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:** 12-31-2022

**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  02-14-2023<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:** 166

**Form 13F Information Table Value Total:** $16957576429

      (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 |  | 1053484 | 3948 | SH |  | SOLE |  | 3948 | 0 | 0 |
| ACI WORLDWIDE INC | COM | 004498101 |  | 11105182 | 482834 | SH |  | SOLE |  | 479510 | 0 | 3324 |
| ACUSHNET HLDGS CORP | COM | 005098108 |  | 15336084 | 361189 | SH |  | SOLE |  | 358731 | 0 | 2458 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 242239000 | 4153618 | SH |  | SOLE |  | 3986872 | 4967 | 161779 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 436901967 | 1417316 | SH |  | SOLE |  | 1377384 | 0 | 39932 |
| ALBEMARLE CORP | COM | 012653101 |  | 238546 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| ALEXANDER  BALDWIN INC NEW | COM | 014491104 |  | 14361713 | 766776 | SH |  | SOLE |  | 761829 | 0 | 4947 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 106419206 | 2558154 | SH |  | SOLE |  | 2451857 | 0 | 106297 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 100607398 | 1133860 | SH |  | SOLE |  | 1011488 | 0 | 122372 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 449973 | 5100 | SH |  | SOLE |  | 5100 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 276201120 | 6042466 | SH |  | SOLE |  | 5850973 | 0 | 191493 |
| AMAZON COM INC | COM | 023135106 |  | 537600 | 6400 | SH |  | SOLE |  | 6400 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 370656 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 302561 | 1152 | SH |  | SOLE |  | 1152 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 121223255 | 1592110 | SH |  | SOLE |  | 1525972 | 0 | 66138 |
| APPLE INC | COM | 037833100 |  | 593397845 | 4567058 | SH |  | SOLE |  | 4427133 | 0 | 139925 |
| APTARGROUP INC | COM | 038336103 |  | 121723333 | 1106777 | SH |  | SOLE |  | 1061376 | 0 | 45401 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 186269037 | 2715688 | SH |  | SOLE |  | 2616541 | 3366 | 95781 |
| ATLANTIC UN BANKSHARES CORP | COM | 04911A107 |  | 15730561 | 447654 | SH |  | SOLE |  | 444703 | 0 | 2951 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 235277 | 985 | SH |  | SOLE |  | 985 | 0 | 0 |
| AXALTA COATING SYS LTD | COM | G0750C108 |  | 34537956 | 1356025 | SH |  | SOLE |  | 1311985 | 9408 | 34632 |
| BALL CORP | COM | 058498106 |  | 96565359 | 1888255 | SH |  | SOLE |  | 1811137 | 0 | 77118 |
| BANK AMERICA CORP | COM | 060505104 |  | 1132103 | 34182 | SH |  | SOLE |  | 34182 | 0 | 0 |
| BELLRING BRANDS INC | COMMON STOCK | 07831C103 |  | 60628369 | 2364601 | SH |  | SOLE |  | 2266170 | 1 | 98430 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 4687110 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 536826189 | 1737864 | SH |  | SOLE |  | 1669240 | 0 | 68624 |
| BLACK KNIGHT INC | COM | 09215C105 |  | 155132301 | 2512264 | SH |  | SOLE |  | 2411845 | 4644 | 95775 |
| BLACKROCK INC | COM | 09247X101 |  | 487187376 | 687506 | SH |  | SOLE |  | 664915 | 0 | 22591 |
| BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 |  | 79089 | 12860 | SH |  | SOLE |  | 12860 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 8086920 | 112396 | SH |  | SOLE |  | 112396 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 37221611 | 277504 | SH |  | SOLE |  | 268552 | 1946 | 7006 |
| BROWN FORMAN CORP | CL B | 115637209 |  | 96548220 | 1469979 | SH |  | SOLE |  | 1409408 | 0 | 60571 |
| BRUKER CORP | COM | 116794108 |  | 280577 | 4105 | SH |  | SOLE |  | 4105 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 419345 | 4580 | SH |  | SOLE |  | 4580 | 0 | 0 |
| CABLE ONE INC | COM | 12685J105 |  | 16090170 | 22603 | SH |  | SOLE |  | 21831 | 162 | 610 |
| CANNAE HLDGS INC | COM | 13765N107 |  | 26375169 | 1277248 | SH |  | SOLE |  | 1248308 | 5407 | 23533 |
| CARMAX INC | COM | 143130102 |  | 155133166 | 2547761 | SH |  | SOLE |  | 2406452 | 2676 | 138633 |
| CHEVRON CORP NEW | COM | 166764100 |  | 357613183 | 1992385 | SH |  | SOLE |  | 1970138 | 0 | 22247 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 50328692 | 624348 | SH |  | SOLE |  | 540198 | 0 | 84150 |
| CHURCHILL DOWNS INC | COM | 171484108 |  | 198382863 | 938291 | SH |  | SOLE |  | 906306 | 2205 | 29780 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 278717455 | 2722116 | SH |  | SOLE |  | 2666767 | 0 | 55349 |
| CISCO SYS INC | COM | 17275R102 |  | 307203681 | 6448440 | SH |  | SOLE |  | 6268120 | 0 | 180320 |
| COCA COLA CO | COM | 191216100 |  | 13131393 | 206436 | SH |  | SOLE |  | 206436 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 158708301 | 4538413 | SH |  | SOLE |  | 4485727 | 0 | 52686 |
| COPART INC | COM | 217204106 |  | 214537206 | 3523357 | SH |  | SOLE |  | 3376967 | 0 | 146390 |
| CORNING INC | COM | 219350105 |  | 7529727 | 235746 | SH |  | SOLE |  | 235746 | 0 | 0 |
| COSAN S A | ADS | 22113B103 |  | 148714 | 11387 | SH |  | SOLE |  | 11387 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 789745 | 1730 | SH |  | SOLE |  | 1730 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 288327776 | 2125684 | SH |  | SOLE |  | 2101489 | 0 | 24195 |
| CSX CORP | COM | 126408103 |  | 3340635 | 107832 | SH |  | SOLE |  | 107832 | 0 | 0 |
| CTS CORP | COM | 126501105 |  | 20518386 | 520507 | SH |  | SOLE |  | 516993 | 0 | 3514 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 61467846 | 153993 | SH |  | SOLE |  | 149051 | 1110 | 3832 |
| DEERE  CO | COM | 244199105 |  | 8134435 | 18972 | SH |  | SOLE |  | 18972 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 309495715 | 1736886 | SH |  | SOLE |  | 1728770 | 0 | 8116 |
| DOLLAR TREE INC | COM | 256746108 |  | 198225047 | 1401478 | SH |  | SOLE |  | 1345746 | 98 | 55634 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 247177854 | 4030950 | SH |  | SOLE |  | 3983050 | 0 | 47900 |
| DRIL-QUIP INC | COM | 262037104 |  | 7219992 | 265734 | SH |  | SOLE |  | 264072 | 0 | 1662 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 2013557 | 19551 | SH |  | SOLE |  | 19551 | 0 | 0 |
| ENERGIZER HLDGS INC NEW | COM | 29272W109 |  | 328924 | 9804 | SH |  | SOLE |  | 9691 | 113 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 198172443 | 3021382 | SH |  | SOLE |  | 2901375 | 4220 | 115787 |
| ESSENTIAL PPTYS RLTY TR INC | COM | 29670E107 |  | 17467781 | 744260 | SH |  | SOLE |  | 739458 | 0 | 4802 |
| EVOQUA WATER TECHNOLOGIES CO | COM | 30057T105 |  | 24229695 | 611861 | SH |  | SOLE |  | 607582 | 0 | 4279 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1708326 | 15488 | SH |  | SOLE |  | 15488 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 227733557 | 4812628 | SH |  | SOLE |  | 4758609 | 0 | 54019 |
| FEDEX CORP | COM | 31428X106 |  | 46638430 | 269275 | SH |  | SOLE |  | 233450 | 0 | 35825 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 300787394 | 4433123 | SH |  | SOLE |  | 4384116 | 0 | 49007 |
| FIRST INDL RLTY TR INC | COM | 32054K103 |  | 45073534 | 933973 | SH |  | SOLE |  | 910858 | 4589 | 18526 |
| FISERV INC | COM | 337738108 |  | 47876556 | 473697 | SH |  | SOLE |  | 400409 | 0 | 73288 |
| GATX CORP | COM | 361448103 |  | 1148578 | 10801 | SH |  | SOLE |  | 10801 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 882527 | 3557 | SH |  | SOLE |  | 3557 | 0 | 0 |
| GRAHAM HLDGS CO | COM CL B | 384637104 |  | 14030963 | 23222 | SH |  | SOLE |  | 23060 | 0 | 162 |
| GREAT LAKES DREDGE  DOCK CO | COM | 390607109 |  | 1895563 | 318582 | SH |  | SOLE |  | 318582 | 0 | 0 |
| HAEMONETICS CORP MASS | COM | 405024100 |  | 12217569 | 155341 | SH |  | SOLE |  | 154381 | 0 | 960 |
| HANOVER INS GROUP INC | COM | 410867105 |  | 59686108 | 441694 | SH |  | SOLE |  | 431076 | 2000 | 8618 |
| HASBRO INC | COM | 418056107 |  | 142211806 | 2330959 | SH |  | SOLE |  | 2237354 | 2021 | 91584 |
| HAYWARD HLDGS INC | COM | 421298100 |  | 13833980 | 1471700 | SH |  | SOLE |  | 1419205 | 10665 | 41830 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 40434978 | 230320 | SH |  | SOLE |  | 222992 | 1511 | 5817 |
| HERSHEY CO | COM | 427866108 |  | 1589033 | 6862 | SH |  | SOLE |  | 6862 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 84215225 | 266622 | SH |  | SOLE |  | 236453 | 0 | 30169 |
| IAA INC | COM | 449253103 |  | 53766600 | 1344165 | SH |  | SOLE |  | 1312291 | 5993 | 25881 |
| INGEVITY CORP | COM | 45688C107 |  | 24292360 | 344866 | SH |  | SOLE |  | 342454 | 0 | 2412 |
| INTEL CORP | COM | 458140100 |  | 1493453 | 56506 | SH |  | SOLE |  | 56506 | 0 | 0 |
| INTERNATIONAL GAME TECHNOLOG | SHS USD | G4863A108 |  | 240408 | 10600 | SH |  | SOLE |  | 10600 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 36574870 | 95195 | SH |  | SOLE |  | 94837 | 0 | 358 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 575079 | 8526 | SH |  | SOLE |  | 0 | 0 | 8526 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 18852178 | 77937 | SH |  | SOLE |  | 77715 | 0 | 222 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 56477645 | 372421 | SH |  | SOLE |  | 372011 | 0 | 410 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 12289947 | 58379 | SH |  | SOLE |  | 58379 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 8031543 | 46063 | SH |  | SOLE |  | 45333 | 0 | 730 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 63555 | 288 | SH |  | SOLE |  | 288 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 143379 | 1515 | SH |  | SOLE |  | 1515 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 490571888 | 2777084 | SH |  | SOLE |  | 2712442 | 0 | 64642 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 318933702 | 3569088 | SH |  | SOLE |  | 3432124 | 5224 | 131740 |
| LANCASTER COLONY CORP | COM | 513847103 |  | 80477878 | 407896 | SH |  | SOLE |  | 398117 | 1991 | 7788 |
| LANDSTAR SYS INC | COM | 515098101 |  | 34979679 | 214731 | SH |  | SOLE |  | 213299 | 0 | 1432 |
| LENNOX INTL INC | COM | 526107107 |  | 166206716 | 694757 | SH |  | SOLE |  | 665881 | 0 | 28876 |
| LILLY ELI  CO | COM | 532457108 |  | 9338432 | 25526 | SH |  | SOLE |  | 25526 | 0 | 0 |
| LIVANOVA PLC | SHS | G5509L101 |  | 10924994 | 196705 | SH |  | SOLE |  | 195323 | 0 | 1382 |
| LOWES COS INC | COM | 548661107 |  | 411344836 | 2064570 | SH |  | SOLE |  | 2019177 | 0 | 45393 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 490706 | 2270 | SH |  | SOLE |  | 2270 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 141778307 | 977377 | SH |  | SOLE |  | 936867 | 0 | 40510 |
| MALIBU BOATS INC | COM CL A | 56117J100 |  | 12596068 | 236324 | SH |  | SOLE |  | 234842 | 0 | 1482 |
| MARKEL CORP | COM | 570535104 |  | 799716 | 607 | SH |  | SOLE |  | 607 | 0 | 0 |
| MARRIOTT VACATIONS WORLDWIDE | COM | 57164Y107 |  | 307404 | 2284 | SH |  | SOLE |  | 2284 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 111554771 | 330073 | SH |  | SOLE |  | 301269 | 556 | 28248 |
| MASONITE INTL CORP | COM | 575385109 |  | 26014136 | 322716 | SH |  | SOLE |  | 320541 | 0 | 2175 |
| MATSON INC | COM | 57686G105 |  | 18875893 | 301966 | SH |  | SOLE |  | 299824 | 0 | 2142 |
| MBIA INC | COM | 55262C100 |  | 20445493 | 1591089 | SH |  | SOLE |  | 1528432 | 13601 | 49056 |
| MERCK  CO INC | COM | 58933Y105 |  | 355856480 | 3207359 | SH |  | SOLE |  | 3170792 | 0 | 36567 |
| MICROSOFT CORP | COM | 594918104 |  | 302227490 | 1260226 | SH |  | SOLE |  | 1247287 | 0 | 12939 |
| MOELIS  CO | CL A | 60786M105 |  | 138216258 | 3602196 | SH |  | SOLE |  | 3472112 | 0 | 130084 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 1903657 | 28562 | SH |  | SOLE |  | 28562 | 0 | 0 |
| MURPHY USA INC | COM | 626755102 |  | 20235900 | 72390 | SH |  | SOLE |  | 71881 | 0 | 509 |
| NETFLIX INC | COM | 64110L106 |  | 474757 | 1610 | SH |  | SOLE |  | 1610 | 0 | 0 |
| NEWMARKET CORP | COM | 651587107 |  | 210364179 | 676173 | SH |  | SOLE |  | 640925 | 677 | 34571 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 434720 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 17749013 | 151688 | SH |  | SOLE |  | 151688 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 358471855 | 1454719 | SH |  | SOLE |  | 1406988 | 0 | 47731 |
| NUTRIEN LTD | COM | 67077M108 |  | 505368 | 6920 | SH |  | SOLE |  | 6920 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2326549 | 15920 | SH |  | SOLE |  | 15920 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 225850000 | 795863 | SH |  | SOLE |  | 751464 | 0 | 44399 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 113195395 | 134113 | SH |  | SOLE |  | 118029 | 0 | 16084 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 175853640 | 2245609 | SH |  | SOLE |  | 2152274 | 0 | 93335 |
| PACCAR INC | COM | 693718108 |  | 578777 | 5848 | SH |  | SOLE |  | 5848 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 207214 | 1620 | SH |  | SOLE |  | 1620 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 282170478 | 2441766 | SH |  | SOLE |  | 2414342 | 0 | 27424 |
| PENSKE AUTOMOTIVE GRP INC | COM | 70959W103 |  | 19632801 | 170824 | SH |  | SOLE |  | 169723 | 0 | 1101 |
| PERRIGO CO PLC | SHS | G97822103 |  | 99781802 | 2927011 | SH |  | SOLE |  | 2809648 | 4149 | 113214 |
| PFIZER INC | COM | 717081103 |  | 392032576 | 7650909 | SH |  | SOLE |  | 7501530 | 0 | 149379 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 218318470 | 2157084 | SH |  | SOLE |  | 2146978 | 0 | 10106 |
| POOL CORP | COM | 73278L105 |  | 127676982 | 422310 | SH |  | SOLE |  | 404932 | 0 | 17378 |
| POST HLDGS INC | COM | 737446104 |  | 211596155 | 2344296 | SH |  | SOLE |  | 2251446 | 3277 | 89573 |
| PRICESMART INC | COM | 741511109 |  | 10727912 | 176504 | SH |  | SOLE |  | 175308 | 0 | 1196 |
| PROGRESSIVE CORP | COM | 743315103 |  | 474879465 | 3661086 | SH |  | SOLE |  | 3558607 | 0 | 102479 |
| QUALYS INC | COM | 74758T303 |  | 20868044 | 185940 | SH |  | SOLE |  | 184663 | 0 | 1277 |
| REYNOLDS CONSUMER PRODS INC | COM | 76171L106 |  | 31126464 | 1038241 | SH |  | SOLE |  | 1004855 | 6959 | 26427 |
| ROBERT HALF INTL INC | COM | 770323103 |  | 450363 | 6100 | SH |  | SOLE |  | 6100 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 82771847 | 994137 | SH |  | SOLE |  | 845776 | 0 | 148361 |
| SENSATA TECHNOLOGIES HLDG PL | SHS | G8060N102 |  | 23217004 | 574963 | SH |  | SOLE |  | 556100 | 3988 | 14875 |
| SERVICE CORP INTL | COM | 817565104 |  | 327101 | 4731 | SH |  | SOLE |  | 4731 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 925587 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 164062341 | 1800311 | SH |  | SOLE |  | 1725844 | 0 | 74467 |
| SONOCO PRODS CO | COM | 835495102 |  | 200343 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| SONY GROUP CORPORATION | SPONSORED ADR | 835699307 |  | 335632 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 3073971 | 8038 | SH |  | SOLE |  | 7911 | 0 | 127 |
| STARBUCKS CORP | COM | 855244109 |  | 425463740 | 4288949 | SH |  | SOLE |  | 4157730 | 0 | 131219 |
| STERIS PLC | SHS USD | G8473T100 |  | 168479573 | 912229 | SH |  | SOLE |  | 874753 | 0 | 37476 |
| STORE CAP CORP | COM | 862121100 |  | 251238893 | 7836522 | SH |  | SOLE |  | 7358908 | 10285 | 467329 |
| TARGET CORP | COM | 87612E106 |  | 253608401 | 1701613 | SH |  | SOLE |  | 1683059 | 0 | 18554 |
| TEMPUR SEALY INTL INC | COM | 88023U101 |  | 38490417 | 1121189 | SH |  | SOLE |  | 1113514 | 0 | 7675 |
| TEXAS INSTRS INC | COM | 882508104 |  | 488096888 | 2954224 | SH |  | SOLE |  | 2874999 | 0 | 79225 |
| TOWNEBANK PORTSMOUTH VA | COM | 89214P109 |  | 504820 | 16369 | SH |  | SOLE |  | 16369 | 0 | 0 |
| TREDEGAR CORP | COM | 894650100 |  | 2519730 | 246549 | SH |  | SOLE |  | 244974 | 0 | 1575 |
| TREX CO INC | COM | 89531P105 |  | 29822330 | 704520 | SH |  | SOLE |  | 680532 | 4600 | 19388 |
| UDR INC | COM | 902653104 |  | 776536 | 20050 | SH |  | SOLE |  | 20050 | 0 | 0 |
| UNIFIRST CORP MASS | COM | 904708104 |  | 189569442 | 982276 | SH |  | SOLE |  | 945851 | 982 | 35443 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 329989345 | 1898236 | SH |  | SOLE |  | 1876973 | 0 | 21263 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 21399 | 105 | SH |  | SOLE |  | 33 | 0 | 72 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 616736 | 4642 | SH |  | SOLE |  | 4642 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 261360 | 1424 | SH |  | SOLE |  | 1424 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 257341060 | 6531499 | SH |  | SOLE |  | 6351248 | 0 | 180251 |
| VISA INC | COM CL A | 92826C839 |  | 77336998 | 372242 | SH |  | SOLE |  | 327476 | 0 | 44766 |
| VONTIER CORPORATION | COM | 928881101 |  | 15479096 | 800781 | SH |  | SOLE |  | 795348 | 0 | 5433 |
| VULCAN MATLS CO | COM | 929160109 |  | 198988699 | 1136364 | SH |  | SOLE |  | 1089325 | 0 | 47039 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 2128830 | 51558 | SH |  | SOLE |  | 51558 | 0 | 0 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 92963909 | 65730 | SH |  | SOLE |  | 64265 | 283 | 1182 |

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