# EDGAR Filing Document

**Accession Number:** 0001643833
**File Stem:** 0001420506-26-001123
**Filing Date:** 2026-5
**Character Count:** 18132
**Document Hash:** 135968573ebec43953fdd35d4906d9bb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-26-001123.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001420506-26-001123

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BRASADA CAPITAL MANAGEMENT, LP
- **CENTRAL INDEX KEY:** 0001643833

**ORGANIZATION NAME:**
- **EIN:** 262750699
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18457
- **FILM NUMBER:** 26985255

**BUSINESS ADDRESS:**
- **STREET 1:** 3200 SOUTHWEST FREEWAY
- **STREET 2:** SUITE 2160
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77027
- **BUSINESS PHONE:** 713-630-8390

**MAIL ADDRESS:**
- **STREET 1:** 3200 SOUTHWEST FREEWAY
- **STREET 2:** SUITE 2160
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77027

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** BRASADA CAPITAL MANAGEMENT LP<br>**Address:** 3200 SOUTHWEST FREEWAY<br>SUITE 2160<br>HOUSTON, TX 77027

**Form 13F File Number:** 028-18457

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:** Karen Grimaldo<br>**Title:** Chief Compliance Officer<br>**Phone:** 713-630-8390

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

Karen Grimaldo Chief Compliance Officer  HOUSTON, TX  05-15-2026<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:** 145

**Form 13F Information Table Value Total:** $545141600

      (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 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 883803 | 4014 | SH |  | SOLE |  | 14 | 0 | 4000 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 6062109 | 83673 | SH |  | SOLE |  | 44069 | 0 | 39604 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2185122 | 7341 | SH |  | SOLE |  | 6441 | 0 | 900 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 26503728 | 88415 | SH |  | SOLE |  | 58362 | 0 | 30053 |
| ALPS ETF TR | ALERIAN ENERGY | 00162Q676 |  | 4370636 | 115229 | SH |  | SOLE |  | 80215 | 0 | 35014 |
| AMAZON COM INC | COM | 023135106 |  | 11545112 | 54309 | SH |  | SOLE |  | 40295 | 0 | 14014 |
| AMERICAN AIRLINES GROUP INC | CALL | 02376R902 |  | 322200 | 30000 | SH | Call | SOLE |  | 30000 | 0 | 0 |
| AMERICAN TOWER CORP | COM | 03027X100 |  | 558188 | 3169 | SH |  | SOLE |  | 3135 | 0 | 34 |
| AMPHENOL CORP | CL A | 032095101 |  | 3169586 | 25058 | SH |  | SOLE |  | 23836 | 0 | 1222 |
| ANALOG DEVICES INC | COM | 032654105 |  | 6264034 | 19135 | SH |  | SOLE |  | 14397 | 0 | 4738 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 678000 | 30000 | SH |  | SOLE |  | 0 | 0 | 30000 |
| APPLE INC | COM | 037833100 |  | 2145691 | 8289 | SH |  | SOLE |  | 5979 | 0 | 2310 |
| APPLIED MATLS INC | COM | 038222105 |  | 854475 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| ARCHROCK INC | COM | 03957W106 |  | 591600 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 442191 | 2164 | SH |  | SOLE |  | 2164 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 5105078 | 84040 | SH |  | SOLE |  | 79467 | 0 | 4573 |
| BANK AMERICA CORP | COM | 060505104 |  | 975000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| BEL FUSE INC | CL A | 077347201 |  | 3476544 | 17723 | SH |  | SOLE |  | 10821 | 0 | 6902 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 5873527 | 12330 | SH |  | SOLE |  | 8031 | 0 | 4299 |
| BK TECHNOLOGIES CORPORATION | COM NEW | 05587G203 |  | 2654916 | 33935 | SH |  | SOLE |  | 22083 | 0 | 11852 |
| BLACKROCK INC | COM | 09290D101 |  | 212030 | 221 | SH |  | SOLE |  | 31 | 0 | 190 |
| BOEING CO | COM | 097023105 |  | 754514 | 3554 | SH |  | SOLE |  | 17 | 0 | 3537 |
| BOEING CO | DEP CONV PFD A | 097023204 |  | 720168 | 11100 | SH |  | SOLE |  | 11100 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 1308211 | 7425 | SH |  | SOLE |  | 7425 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 4776118 | 76308 | SH |  | SOLE |  | 44732 | 0 | 31576 |
| BROADCOM INC | COM | 11135F101 |  | 10876134 | 34590 | SH |  | SOLE |  | 25086 | 0 | 9504 |
| CAMECO CORP | COM | 13321L108 |  | 4712404 | 42747 | SH |  | SOLE |  | 40977 | 0 | 1770 |
| CAVCO INDS INC DEL | COM | 149568107 |  | 4704414 | 9775 | SH |  | SOLE |  | 7003 | 0 | 2772 |
| CBRE GROUP INC | CL A | 12504L109 |  | 4954456 | 36379 | SH |  | SOLE |  | 25797 | 0 | 10582 |
| CENTRAL SECS CORP | COM | 155123102 |  | 6316107 | 126070 | SH |  | SOLE |  | 76244 | 0 | 49826 |
| CHART INDS INC | COM | 16115Q308 |  | 622710 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| CHEMOURS CO | COM | 163851108 |  | 418570 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 8850663 | 112992 | SH |  | SOLE |  | 59991 | 0 | 53001 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 13479481 | 13234 | SH |  | SOLE |  | 8513 | 0 | 4721 |
| CRH PLC | ORD | G25508105 |  | 16402891 | 154264 | SH |  | SOLE |  | 110951 | 0 | 43313 |
| CSX CORP | COM | 126408103 |  | 738900 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 |  | 1722548 | 8966 | SH |  | SOLE |  | 3835 | 0 | 5131 |
| DEERE  CO | COM | 244199105 |  | 844950 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 1358837 | 10190 | SH |  | SOLE |  | 6190 | 0 | 4000 |
| EATON CORP PLC | SHS | G29183103 |  | 6636836 | 18289 | SH |  | SOLE |  | 17346 | 0 | 943 |
| ECOLAB INC | COM | 278865100 |  | 9021074 | 33783 | SH |  | SOLE |  | 21777 | 0 | 12006 |
| ELANCO ANIMAL HEALTH INC | COM | 28414H103 |  | 598250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 205530 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| EQT CORP | COM | 26884L109 |  | 483200 | 8000 | SH |  | SOLE |  | 0 | 0 | 8000 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 452402 | 6515 | SH |  | SOLE |  | 4568 | 0 | 1947 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 4706200 | 28730 | SH |  | SOLE |  | 26642 | 0 | 2088 |
| FASTENAL CO | COM | 311900104 |  | 5470456 | 119260 | SH |  | SOLE |  | 76332 | 0 | 42928 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 814853 | 3408 | SH |  | SOLE |  | 1885 | 0 | 1523 |
| FIRST TR EXCH TRD ALPHDX FD | EURO ALPHADEX | 33737J505 |  | 1508276 | 23600 | SH |  | SOLE |  | 600 | 0 | 23000 |
| FTAI AVIATION LTD | SHS | G3730V105 |  | 5368582 | 21751 | SH |  | SOLE |  | 151 | 0 | 21600 |
| GFL ENVIRONMENTAL INC | SUB VTG SHS | 36168Q104 |  | 2911186 | 64866 | SH |  | SOLE |  | 64866 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 845990 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| GRUPO AEROPORTUARIO DEL CENT | SPON ADR | 400501102 |  | 386741 | 3370 | SH |  | SOLE |  | 2330 | 0 | 1040 |
| HEICO CORP NEW | CL A | 422806208 |  | 10177068 | 47670 | SH |  | SOLE |  | 30761 | 0 | 16909 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 5770878 | 18805 | SH |  | SOLE |  | 17770 | 0 | 1035 |
| HONEYWELL INTL INC | COM | 438516106 |  | 7228047 | 31711 | SH |  | SOLE |  | 22625 | 0 | 9086 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 7625361 | 32233 | SH |  | SOLE |  | 22016 | 0 | 10217 |
| HUBBELL INC | COM | 443510607 |  | 736110 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 15603006 | 27021 | SH |  | SOLE |  | 17451 | 0 | 9570 |
| INVESCO EXCH TRADED FD TR II | SHORT TERM TREAS | 46138G888 |  | 9101487 | 86172 | SH |  | SOLE |  | 82543 | 0 | 3629 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 641222 | 1090 | SH |  | SOLE |  | 1090 | 0 | 0 |
| INVESTMENT MANAGERS SER TR I | TRADR 1X SHORT | 46144X131 |  | 497100 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| ISHARES INC | MSCI EURZONE ETF | 464286608 |  | 2619084 | 41200 | SH |  | SOLE |  | 1200 | 0 | 40000 |
| ISHARES TR | CALL | 464288902 |  | 543300 | 6000 | SH | Call | SOLE |  | 6000 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 611238 | 6171 | SH |  | SOLE |  | 6171 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 1896711 | 17409 | SH |  | SOLE |  | 16698 | 0 | 711 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 1129967 | 9813 | SH |  | SOLE |  | 9813 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 781113 | 7910 | SH |  | SOLE |  | 6834 | 0 | 1076 |
| ISHARES TR | CALIF MUN BD ETF | 464288356 |  | 686127 | 12050 | SH |  | SOLE |  | 12050 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 1008933 | 9478 | SH |  | SOLE |  | 9478 | 0 | 0 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 588898 | 25778 | SH |  | SOLE |  | 25778 | 0 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 6465243 | 73821 | SH |  | SOLE |  | 53206 | 0 | 20615 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 706977 | 10011 | SH |  | SOLE |  | 8646 | 0 | 1365 |
| ISHARES TR | US TECH BRKTHR | 46436E502 |  | 540130 | 9555 | SH |  | SOLE |  | 8315 | 0 | 1240 |
| ITURAN LOCATION AND CONTROL | SHS | M6158M104 |  | 621481 | 12117 | SH |  | SOLE |  | 7337 | 0 | 4780 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 856850 | 15112 | SH |  | SOLE |  | 8874 | 0 | 6238 |
| J P MORGAN EXCHANGE TRADED F | INTL BD OPP ETF | 46641Q852 |  | 262192 | 5499 | SH |  | SOLE |  | 5499 | 0 | 0 |
| JETBLUE AIRWAYS CORP | COM | 477143101 |  | 63980 | 14000 | SH |  | SOLE |  | 0 | 0 | 14000 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 4865471 | 16468 | SH |  | SOLE |  | 15612 | 0 | 856 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 1005900 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| LAMAR ADVERTISING CO | CL A | 512816109 |  | 938094 | 7318 | SH |  | SOLE |  | 5231 | 0 | 2087 |
| LINDBLAD EXPEDITIONS HLDGS I | COM | 535219109 |  | 664240 | 38000 | SH |  | SOLE |  | 0 | 0 | 38000 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 5843419 | 36494 | SH |  | SOLE |  | 34201 | 0 | 2293 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 9146357 | 18238 | SH |  | SOLE |  | 13333 | 0 | 4905 |
| MCDONALDS CORP | COM | 580135101 |  | 924324 | 2984 | SH |  | SOLE |  | 1797 | 0 | 1187 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 6396703 | 74096 | SH |  | SOLE |  | 46276 | 0 | 27820 |
| META PLATFORMS INC | CL A | 30303M102 |  | 3184845 | 5558 | SH |  | SOLE |  | 4143 | 0 | 1415 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 5286758 | 79231 | SH |  | SOLE |  | 75038 | 0 | 4193 |
| MICROCHIP TECHNOLOGY INC. | DEP SHS REPSTG | 595017302 |  | 209104 | 3512 | SH |  | SOLE |  | 3512 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 10808859 | 28988 | SH |  | SOLE |  | 18028 | 0 | 10960 |
| MILLROSE PPTYS INC | COM CL A | 601137102 |  | 422350 | 15138 | SH |  | SOLE |  | 10929 | 0 | 4209 |
| MITSUBISHI UFJ FINANCIAL GRO | SPONSORED ADS | 606822104 |  | 4966139 | 282488 | SH |  | SOLE |  | 266421 | 0 | 16067 |
| MONARCH CASINO  RESORT INC | COM | 609027107 |  | 687120 | 7000 | SH |  | SOLE |  | 5000 | 0 | 2000 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 4370831 | 3704 | SH |  | SOLE |  | 2516 | 0 | 1188 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 5845905 | 35100 | SH |  | SOLE |  | 33051 | 0 | 2049 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 4903402 | 11109 | SH |  | SOLE |  | 7689 | 0 | 3420 |
| NATURAL GAS SVCS GROUP INC | COM | 63886Q109 |  | 567450 | 15000 | SH |  | SOLE |  | 0 | 0 | 15000 |
| NEOGEN CORP | COM | 640491106 |  | 3570526 | 373486 | SH |  | SOLE |  | 251231 | 0 | 122255 |
| NEOS ETF TRUST | MLP  ENERGY INF | 78433H485 |  | 424725 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1123331 | 12114 | SH |  | SOLE |  | 10014 | 0 | 2100 |
| NOVAGOLD RESOURCES INC | COM NEW | 66987E206 |  | 725600 | 80000 | SH |  | SOLE |  | 0 | 0 | 80000 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 6617978 | 37255 | SH |  | SOLE |  | 35121 | 0 | 2134 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 464400 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 681273 | 7698 | SH |  | SOLE |  | 2698 | 0 | 5000 |
| ORMAT TECHNOLOGIES INC | COM | 686688102 |  | 552850 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 895240 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 |  | 651067 | 7063 | SH |  | SOLE |  | 7063 | 0 | 0 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 521777 | 21905 | SH |  | SOLE |  | 14115 | 0 | 7790 |
| POSTAL REALTY TRUST INC | CL A | 73757R102 |  | 829424 | 43608 | SH |  | SOLE |  | 27136 | 0 | 16472 |
| PPL CORP | COM | 69351T106 |  | 712293 | 18396 | SH |  | SOLE |  | 9162 | 0 | 9234 |
| PROSHARES TR | SHORT S 500 NE | 74349Y753 |  | 998155 | 26653 | SH |  | SOLE |  | 26653 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 1415332 | 2553 | SH |  | SOLE |  | 153 | 0 | 2400 |
| RESMED INC | COM | 761152107 |  | 4147034 | 18437 | SH |  | SOLE |  | 17341 | 0 | 1096 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 4714602 | 50150 | SH |  | SOLE |  | 47847 | 0 | 2303 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 450450 | 6500 | SH |  | SOLE |  | 6500 | 0 | 0 |
| ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 |  | 5749333 | 121499 | SH |  | SOLE |  | 86124 | 0 | 35375 |
| RTX CORPORATION | COM | 75513E101 |  | 6447928 | 32498 | SH |  | SOLE |  | 30495 | 0 | 2003 |
| S GLOBAL INC | COM | 78409V104 |  | 1492470 | 3438 | SH |  | SOLE |  | 3438 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 844193 | 27552 | SH |  | SOLE |  | 27552 | 0 | 0 |
| SENSATA TECHNOLOGIES HLDG PL | SHS | G8060N102 |  | 440250 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| SIMPSON MFG INC | COM | 829073105 |  | 5028300 | 30000 | SH |  | SOLE |  | 21134 | 0 | 8866 |
| SOLARIS ENERGY INFRAS INC | COM CL A | 83418M103 |  | 220640 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| SOLSTICE ADVANCED MATLS INC | COM SHS | 83443Q103 |  | 4274803 | 55012 | SH |  | SOLE |  | 39260 | 0 | 15752 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 5068412 | 80133 | SH |  | SOLE |  | 57361 | 0 | 22772 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 275407 | 644 | SH |  | SOLE |  | 644 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 48954690 | 535375 | SH |  | SOLE |  | 307291 | 0 | 228084 |
| STRYKER CORPORATION | COM | 863667101 |  | 848362 | 2553 | SH |  | SOLE |  | 1083 | 0 | 1470 |
| SUN CMNTYS INC | COM | 866674104 |  | 366901 | 2870 | SH |  | SOLE |  | 2850 | 0 | 20 |
| TARGA RES CORP | COM | 87612G101 |  | 6091629 | 24798 | SH |  | SOLE |  | 18706 | 0 | 6092 |
| TESLA INC | COM | 88160R101 |  | 217690 | 617 | SH |  | SOLE |  | 361 | 0 | 256 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 4385899 | 8984 | SH |  | SOLE |  | 8489 | 0 | 495 |
| TOAST INC | CL A | 888787108 |  | 810600 | 30000 | SH |  | SOLE |  | 0 | 0 | 30000 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 1106365 | 930 | SH |  | SOLE |  | 330 | 0 | 600 |
| TWFG INC | COM CL A | 87318A101 |  | 1341762 | 72099 | SH |  | SOLE |  | 43090 | 0 | 29009 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 1701511 | 5046 | SH |  | SOLE |  | 4746 | 0 | 300 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 6030525 | 83560 | SH |  | SOLE |  | 80336 | 0 | 3224 |
| UNITED PARCEL SVCS INC | CL B | 911312106 |  | 6176138 | 63491 | SH |  | SOLE |  | 43631 | 0 | 19860 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 260809 | 5254 | SH |  | SOLE |  | 5254 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 1403182 | 16916 | SH |  | SOLE |  | 10680 | 0 | 6236 |
| VISA INC | COM CL A | 92826C839 |  | 8000935 | 26377 | SH |  | SOLE |  | 21442 | 0 | 4935 |
| VULCAN MATLS CO | COM | 929160109 |  | 5336044 | 18947 | SH |  | SOLE |  | 12633 | 0 | 6314 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 15794989 | 95438 | SH |  | SOLE |  | 55705 | 0 | 39734 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 744887 | 3186 | SH |  | SOLE |  | 1738 | 0 | 1448 |
| WELLTOWER INC | COM | 95040Q104 |  | 7129090 | 35484 | SH |  | SOLE |  | 19326 | 0 | 16158 |
| WILLIAMS COS INC | COM | 969457100 |  | 13456803 | 185343 | SH |  | SOLE |  | 127534 | 0 | 57809 |

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