# EDGAR Filing Document

**Accession Number:** 0001120926
**File Stem:** 0001120926-25-000003
**Filing Date:** 2025-7
**Character Count:** 19382
**Document Hash:** 422652d55d516f9e7fe7fd865889b38f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001120926-25-000003.hdr.sgml**: 20250714

**ACCESSION NUMBER**: 0001120926-25-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20250714

**DATE AS OF CHANGE**: 20250714

**EFFECTIVENESS DATE**: 20250714

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ARGENT CAPITAL MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001120926

**ORGANIZATION NAME:**
- **EIN:** 431826950
- **STATE OF INCORPORATION:** MO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05933
- **FILM NUMBER:** 251121989

**BUSINESS ADDRESS:**
- **STREET 1:** 100 S. BRENTWOOD BLVD.
- **STREET 2:** SUITE 110
- **CITY:** ST LOUIS
- **STATE:** MO
- **ZIP:** 63105
- **BUSINESS PHONE:** 3147273222

**MAIL ADDRESS:**
- **STREET 1:** 100 S. BRENTWOOD BLVD.
- **STREET 2:** SUITE 110
- **CITY:** ST LOUIS
- **STATE:** MO
- **ZIP:** 63105

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2025

**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:** ARGENT CAPITAL MANAGEMENT LLC<br>**Address:** 100 S. BRENTWOOD BLVD.<br>SUITE 110<br>ST LOUIS, MO 63105

**Form 13F File Number:** 028-05933

**CRD Number (if applicable):** 000107930

**SEC File Number (if applicable):** 801-55903

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:** Jayme Herbstreit<br>**Title:** Director of Operations<br>**Phone:** 314-561-3547

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

Jayme Herbstreit  St. Louis, MO  07-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **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).)

[x] **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:** 156

**Form 13F Information Table Value Total:** $3265848512

      (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.]

|   No. | Name                | Form 13F File Number   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | Empowered Funds LLC | 028-17729              |  |  |

### 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 Laboratories | COM | 002824100 |  | 282810 | 2132 | SH |  | SOLE |  | 2132 | 0 | 0 |
| AbbVie Inc. | COM | 00287Y109 |  | 415059 | 1981 | SH |  | SOLE |  | 1981 | 0 | 0 |
| Accenture plc | COM | G1151C101 |  | 24422135 | 78266 | SH |  | SOLE |  | 78266 | 0 | 0 |
| Addus Homecare Corp | COM | 006739106 |  | 4480310 | 45306 | SH |  | SOLE |  | 45306 | 0 | 0 |
| Adobe Inc. | COM | 00724F101 |  | 295318 | 770 | SH |  | SOLE |  | 770 | 0 | 0 |
| Agilent Technologies Inc. | COM | 00846U101 |  | 3842821 | 32850 | SH |  | SOLE |  | 32850 | 0 | 0 |
| Alamo Group Inc. | COM | 011311107 |  | 727275 | 4081 | SH |  | SOLE |  | 4081 | 0 | 0 |
| Alarm.com Holdings Inc. | COM | 011642105 |  | 380368 | 6835 | SH |  | SOLE |  | 6835 | 0 | 0 |
| Align Technology Inc | COM | 016255101 |  | 6842577 | 43073 | SH |  | SOLE |  | 43073 | 0 | 0 |
| Alphabet Inc. Class A | COM | 02079K305 |  | 110105413 | 712011 | SH |  | SOLE |  | 712011 | 0 | 0 |
| Alphabet Inc. Class C | COM | 02079K107 |  | 2543424 | 16280 | SH |  | SOLE |  | 16280 | 0 | 0 |
| Amazon.com Inc. | COM | 023135106 |  | 188033768 | 988299 | SH |  | SOLE |  | 988299 | 0 | 0 |
| America's Car-Mart Inc | COM | 03062T105 |  | 471647 | 10391 | SH |  | SOLE |  | 10391 | 0 | 0 |
| Ameriprise Financial Inc. | COM | 03076C106 |  | 22567518 | 46617 | SH |  | SOLE |  | 46617 | 0 | 0 |
| AMETEK Inc. | COM | 031100100 |  | 3898660 | 22648 | SH |  | SOLE |  | 22648 | 0 | 0 |
| Amgen Inc. | COM | 031162100 |  | 26132948 | 83880 | SH |  | SOLE |  | 83880 | 0 | 0 |
| Analog Devices Inc. | COM | 032654105 |  | 330940 | 1641 | SH |  | SOLE |  | 1641 | 0 | 0 |
| Apollo Global Management Inc. | COM | 03769M106 |  | 31138167 | 227385 | SH |  | SOLE |  | 227385 | 0 | 0 |
| Apple Inc. | COM | 037833100 |  | 144198181 | 649161 | SH |  | SOLE |  | 649161 | 0 | 0 |
| Applied Materials Inc. | COM | 038222105 |  | 72498827 | 499578 | SH |  | SOLE |  | 499578 | 0 | 0 |
| Argent Mid Cap ETF | COM | 02072L839 |  | 375203 | 11915 | SH |  | SOLE |  | 11915 | 0 | 0 |
| Asbury Automotive Group Inc. | COM | 043436104 |  | 3400936 | 15400 | SH |  | SOLE |  | 15400 | 0 | 0 |
| Automatic Data Processing Inc. | COM | 053015103 |  | 29078720 | 95175 | SH |  | SOLE |  | 95175 | 0 | 0 |
| Axos Financials Inc. | COM | 05465C100 |  | 2510280 | 38907 | SH |  | SOLE |  | 38907 | 0 | 0 |
| Balchem Corporation | COM | 057665200 |  | 933418 | 5623 | SH |  | SOLE |  | 5623 | 0 | 0 |
| Bank of New York Mellon Corp | COM | 064058100 |  | 561929 | 6700 | SH |  | SOLE |  | 6700 | 0 | 0 |
| BellRing Brands Inc. | COM | 07831C103 |  | 1791954 | 24066 | SH |  | SOLE |  | 24066 | 0 | 0 |
| Berkshire Hathaway Inc. | COM | 084670108 |  | 798442 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| Berkshire Hathaway Inc. Class B | COM | 084670702 |  | 889409 | 1670 | SH |  | SOLE |  | 1670 | 0 | 0 |
| BlackRock Inc. | COM | 09290D101 |  | 271640 | 287 | SH |  | SOLE |  | 287 | 0 | 0 |
| Blackstone Inc. | COM | 09260D107 |  | 76768554 | 549210 | SH |  | SOLE |  | 549210 | 0 | 0 |
| Booz Allen Hamilton Holding Corporation | COM | 099502106 |  | 80113628 | 766051 | SH |  | SOLE |  | 766051 | 0 | 0 |
| Broadcom Inc. | COM | 11135F101 |  | 63325593 | 378221 | SH |  | SOLE |  | 378221 | 0 | 0 |
| Builders FirstSource Inc. | COM | 12008R107 |  | 4421876 | 35392 | SH |  | SOLE |  | 35392 | 0 | 0 |
| Carrier Global Corporation | COM | 14448C104 |  | 422244 | 6660 | SH |  | SOLE |  | 6660 | 0 | 0 |
| CBIZ Inc. | COM | 124805102 |  | 6749188 | 88969 | SH |  | SOLE |  | 88969 | 0 | 0 |
| CDW Corporation | COM | 12514G108 |  | 303372 | 1893 | SH |  | SOLE |  | 1893 | 0 | 0 |
| Champion Homes Inc. | COM | 830830105 |  | 1561645 | 16480 | SH |  | SOLE |  | 16480 | 0 | 0 |
| Cheniere Energy Inc | COM | 16411R208 |  | 3585347 | 15494 | SH |  | SOLE |  | 15494 | 0 | 0 |
| Chesapeake Utilities Corp | COM | 165303108 |  | 807439 | 6287 | SH |  | SOLE |  | 6287 | 0 | 0 |
| Chevron Corporation | COM | 166764100 |  | 26830344 | 160382 | SH |  | SOLE |  | 160382 | 0 | 0 |
| Churchill Downs Incorporated | COM | 171484108 |  | 878130 | 7906 | SH |  | SOLE |  | 7906 | 0 | 0 |
| Cintas Corporation | COM | 172908105 |  | 4719848 | 22964 | SH |  | SOLE |  | 22964 | 0 | 0 |
| Cisco Systems Inc. | COM | 17275R102 |  | 293123 | 4750 | SH |  | SOLE |  | 4750 | 0 | 0 |
| Coca-Cola | COM | 191216100 |  | 738402 | 10310 | SH |  | SOLE |  | 10310 | 0 | 0 |
| Colliers International Group Inc. | COM | 194693107 |  | 5032867 | 41491 | SH |  | SOLE |  | 41491 | 0 | 0 |
| Comfort Systems USA Inc. | COM | 199908104 |  | 1193268 | 3702 | SH |  | SOLE |  | 3702 | 0 | 0 |
| Concentra Group Holdings Parent Inc. | COM | 20603L102 |  | 699825 | 32250 | SH |  | SOLE |  | 32250 | 0 | 0 |
| Copart Inc. | COM | 217204106 |  | 81286555 | 1436412 | SH |  | SOLE |  | 1436412 | 0 | 0 |
| Costco Wholesale Corporation | COM | 22160K105 |  | 2558335 | 2705 | SH |  | SOLE |  | 2705 | 0 | 0 |
| CSW Industrials Inc. | COM | 126402106 |  | 601697 | 2064 | SH |  | SOLE |  | 2064 | 0 | 0 |
| D.R. Horton Inc. | COM | 23331A109 |  | 69109218 | 543611 | SH |  | SOLE |  | 543611 | 0 | 0 |
| Danaher Corporation | COM | 235851102 |  | 75649155 | 369020 | SH |  | SOLE |  | 369020 | 0 | 0 |
| Dimensional US Small Cap Value ETF | COM | 25434V815 |  | 496172 | 17626 | SH |  | SOLE |  | 17626 | 0 | 0 |
| Eaton Corporation plc | COM | G29183103 |  | 32960626 | 121255 | SH |  | SOLE |  | 121255 | 0 | 0 |
| Edwards Lifesciences | COM | 28176E108 |  | 1020518 | 14080 | SH |  | SOLE |  | 14080 | 0 | 0 |
| Emerson Electric Co. | COM | 291011104 |  | 662116 | 6039 | SH |  | SOLE |  | 6039 | 0 | 0 |
| EnPro Inc. | COM | 29355X107 |  | 859105 | 5310 | SH |  | SOLE |  | 5310 | 0 | 0 |
| Entegris Inc. | COM | 29362U104 |  | 2742859 | 31354 | SH |  | SOLE |  | 31354 | 0 | 0 |
| ePlus Inc. | COM | 294268107 |  | 1188742 | 19478 | SH |  | SOLE |  | 19478 | 0 | 0 |
| Exponent Inc. | COM | 30214U102 |  | 741537 | 9148 | SH |  | SOLE |  | 9148 | 0 | 0 |
| Extra Space Storage Inc. | COM | 30225T102 |  | 18081655 | 121770 | SH |  | SOLE |  | 121770 | 0 | 0 |
| Exxon Mobil Corp | COM | 30231G102 |  | 78975303 | 664049 | SH |  | SOLE |  | 664049 | 0 | 0 |
| Factset Research Systems Inc. | COM | 303075105 |  | 888821 | 1955 | SH |  | SOLE |  | 1955 | 0 | 0 |
| Fair Isaac Corporation | COM | 303250104 |  | 47081405 | 25530 | SH |  | SOLE |  | 25530 | 0 | 0 |
| Federal Signal Corporation | COM | 313855108 |  | 1387083 | 18859 | SH |  | SOLE |  | 18859 | 0 | 0 |
| Ferguson Enterprises Inc. | COM | 31488V107 |  | 24540548 | 153158 | SH |  | SOLE |  | 153158 | 0 | 0 |
| FirstService Corporation | COM | 33767E202 |  | 5539596 | 33381 | SH |  | SOLE |  | 33381 | 0 | 0 |
| Fortinet Inc. | COM | 34959E109 |  | 59148016 | 614461 | SH |  | SOLE |  | 614461 | 0 | 0 |
| Garmin Ltd. | COM | H2906T109 |  | 19830952 | 91332 | SH |  | SOLE |  | 91332 | 0 | 0 |
| Gartner Inc | COM | 366651107 |  | 4565932 | 10878 | SH |  | SOLE |  | 10878 | 0 | 0 |
| General Mills Inc. | COM | 370334104 |  | 227800 | 3810 | SH |  | SOLE |  | 3810 | 0 | 0 |
| Glacier Bancorp Inc. | COM | 37637Q105 |  | 742763 | 16797 | SH |  | SOLE |  | 16797 | 0 | 0 |
| GoDaddy Inc. | COM | 380237107 |  | 4268958 | 23698 | SH |  | SOLE |  | 23698 | 0 | 0 |
| Green Brick Partners Inc. | COM | 392709101 |  | 1511395 | 25920 | SH |  | SOLE |  | 25920 | 0 | 0 |
| Halozyme Therapeutics Inc. | COM | 40637H109 |  | 772420 | 12105 | SH |  | SOLE |  | 12105 | 0 | 0 |
| Hamilton Lane Incorporated | COM | 407497106 |  | 1767686 | 11890 | SH |  | SOLE |  | 11890 | 0 | 0 |
| HCA Healthcare Inc. | COM | 40412C101 |  | 78640312 | 227580 | SH |  | SOLE |  | 227580 | 0 | 0 |
| Herc Holdings Inc. | COM | 42704L104 |  | 896789 | 6679 | SH |  | SOLE |  | 6679 | 0 | 0 |
| Honeywell International Inc. | COM | 438516106 |  | 992049 | 4685 | SH |  | SOLE |  | 4685 | 0 | 0 |
| Houlihan Lokey Inc. | COM | 441593100 |  | 38045368 | 235575 | SH |  | SOLE |  | 235575 | 0 | 0 |
| I3 Verticals LLC | COM | 46571Y107 |  | 533538 | 21627 | SH |  | SOLE |  | 21627 | 0 | 0 |
| ICF International Inc. | COM | 44925C103 |  | 3221901 | 37918 | SH |  | SOLE |  | 37918 | 0 | 0 |
| Intercontinental Exchange | COM | 45866F104 |  | 1121250 | 6500 | SH |  | SOLE |  | 6500 | 0 | 0 |
| International Business Machines Corp | COM | 459200101 |  | 225535 | 907 | SH |  | SOLE |  | 907 | 0 | 0 |
| iShares Core MSCI EAFE ETF | COM | 46432F842 |  | 235725 | 3116 | SH |  | SOLE |  | 3116 | 0 | 0 |
| iShares Core S 500 ETF | COM | 464287200 |  | 631576 | 1124 | SH |  | SOLE |  | 1124 | 0 | 0 |
| iShares Russell 1000 ETF | COM | 464287622 |  | 17272529 | 56310 | SH |  | SOLE |  | 56310 | 0 | 0 |
| IShares Russell Mid-cap ETF | COM | 464287499 |  | 7210618 | 84761 | SH |  | SOLE |  | 84761 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 303156 | 1828 | SH |  | SOLE |  | 1828 | 0 | 0 |
| JPMorgan Chase  Co. | COM | 46625H100 |  | 55871303 | 227767 | SH |  | SOLE |  | 227767 | 0 | 0 |
| Kinsale Capital Group Inc. | COM | 49714P108 |  | 785064 | 1613 | SH |  | SOLE |  | 1613 | 0 | 0 |
| Lockheed Martin Corporation | COM | 539830109 |  | 205487 | 460 | SH |  | SOLE |  | 460 | 0 | 0 |
| Lowe's Companies Inc. | COM | 548661107 |  | 208508 | 894 | SH |  | SOLE |  | 894 | 0 | 0 |
| LPL Financial Holdings Inc. | COM | 50212V100 |  | 6296160 | 19246 | SH |  | SOLE |  | 19246 | 0 | 0 |
| Madison Square Garden Sports Corp | COM | 55825T103 |  | 569751 | 2926 | SH |  | SOLE |  | 2926 | 0 | 0 |
| Magnolia Oil  Gas Corporation | COM | 559663109 |  | 1316425 | 52115 | SH |  | SOLE |  | 52115 | 0 | 0 |
| Manhattan Associates Inc. | COM | 562750109 |  | 1684717 | 9736 | SH |  | SOLE |  | 9736 | 0 | 0 |
| Marvell Technology Inc. | COM | 573874104 |  | 1131164 | 18372 | SH |  | SOLE |  | 18372 | 0 | 0 |
| Mastercard Incorporated | COM | 57636Q104 |  | 123822824 | 225905 | SH |  | SOLE |  | 225905 | 0 | 0 |
| Medpace Holdings Inc. | COM | 58506Q109 |  | 26316075 | 86370 | SH |  | SOLE |  | 86370 | 0 | 0 |
| Merck  Co Inc. | COM | 58933Y105 |  | 311916 | 3475 | SH |  | SOLE |  | 3475 | 0 | 0 |
| Meta Platforms Inc. | COM | 30303M102 |  | 38790778 | 67303 | SH |  | SOLE |  | 67303 | 0 | 0 |
| Microsoft Corporation | COM | 594918104 |  | 184749555 | 492154 | SH |  | SOLE |  | 492154 | 0 | 0 |
| Molina Healthcare Inc. | COM | 60855R100 |  | 242102 | 735 | SH |  | SOLE |  | 735 | 0 | 0 |
| Murphy USA Inc. | COM | 626755102 |  | 43040344 | 91612 | SH |  | SOLE |  | 91612 | 0 | 0 |
| NextEra Energy Inc. | COM | 65339F101 |  | 41721734 | 588542 | SH |  | SOLE |  | 588542 | 0 | 0 |
| Novanta Inc. | COM | 67000B104 |  | 643825 | 5035 | SH |  | SOLE |  | 5035 | 0 | 0 |
| NVIDIA Corporation | COM | 67066G104 |  | 94810182 | 874794 | SH |  | SOLE |  | 874794 | 0 | 0 |
| O'Reilly Automotive Inc. | COM | 67103H107 |  | 58798814 | 41044 | SH |  | SOLE |  | 41044 | 0 | 0 |
| OneMain Holdings Inc. | COM | 68268W103 |  | 39239102 | 802764 | SH |  | SOLE |  | 802764 | 0 | 0 |
| Onto Innovation Inc. | COM | 683344105 |  | 665914 | 5488 | SH |  | SOLE |  | 5488 | 0 | 0 |
| Oracle Corporation | COM | 68389X105 |  | 21428493 | 153269 | SH |  | SOLE |  | 153269 | 0 | 0 |
| Packaging Corp. of America | COM | 695156109 |  | 233268 | 1178 | SH |  | SOLE |  | 1178 | 0 | 0 |
| Palo Alto Networks Inc. | COM | 697435105 |  | 618399 | 3624 | SH |  | SOLE |  | 3624 | 0 | 0 |
| Patrick Industries Inc. | COM | 703343103 |  | 18487151 | 218628 | SH |  | SOLE |  | 218628 | 0 | 0 |
| PepsiCo Inc. | COM | 713448108 |  | 20099343 | 134049 | SH |  | SOLE |  | 134049 | 0 | 0 |
| Post Holdings Inc. | COM | 737446104 |  | 260414 | 2238 | SH |  | SOLE |  | 2238 | 0 | 0 |
| Qualys Inc. | COM | 74758T303 |  | 559381 | 4442 | SH |  | SOLE |  | 4442 | 0 | 0 |
| RBC Bearings Incorporated | COM | 75524B104 |  | 1424798 | 4428 | SH |  | SOLE |  | 4428 | 0 | 0 |
| Republic Services Inc. | COM | 760759100 |  | 25872631 | 106841 | SH |  | SOLE |  | 106841 | 0 | 0 |
| RLI Corp | COM | 749607107 |  | 20269773 | 252331 | SH |  | SOLE |  | 252331 | 0 | 0 |
| Schwab US Dividend Equity ETF | COM | 808524797 |  | 1497230 | 53549 | SH |  | SOLE |  | 53549 | 0 | 0 |
| Schwab US Large-Cap ETF | COM | 808524201 |  | 2868943 | 129934 | SH |  | SOLE |  | 129934 | 0 | 0 |
| Schwab US Mid-Cap ETF | COM | 808524508 |  | 270515 | 10325 | SH |  | SOLE |  | 10325 | 0 | 0 |
| Select Medical Holdings Corporation | COM | 81619Q105 |  | 904439 | 54158 | SH |  | SOLE |  | 54158 | 0 | 0 |
| Service Corporation International | COM | 817565104 |  | 3800194 | 47384 | SH |  | SOLE |  | 47384 | 0 | 0 |
| ServiceNow Inc. | COM | 81762P102 |  | 42176313 | 52976 | SH |  | SOLE |  | 52976 | 0 | 0 |
| Somnigroup International Inc. | COM | 88023U101 |  | 4504400 | 75224 | SH |  | SOLE |  | 75224 | 0 | 0 |
| SPDR S Dividend ETF | COM | 78464A763 |  | 8338079 | 61454 | SH |  | SOLE |  | 61454 | 0 | 0 |
| Starbucks Corp | COM | 855244109 |  | 356557 | 3635 | SH |  | SOLE |  | 3635 | 0 | 0 |
| Tetra Tech Inc. | COM | 88162G103 |  | 578578 | 19780 | SH |  | SOLE |  | 19780 | 0 | 0 |
| Texas Instruments Incorporated | COM | 882508104 |  | 16172889 | 89999 | SH |  | SOLE |  | 89999 | 0 | 0 |
| TFI International Inc. | COM | 87241L109 |  | 2742709 | 35413 | SH |  | SOLE |  | 35413 | 0 | 0 |
| The Carlyle Group Inc. | COM | 14316J108 |  | 29974781 | 687653 | SH |  | SOLE |  | 687653 | 0 | 0 |
| The Descartes Systems Group Inc. | COM | 249906108 |  | 5863769 | 58155 | SH |  | SOLE |  | 58155 | 0 | 0 |
| The Home Depot Inc. | COM | 437076102 |  | 23594875 | 64381 | SH |  | SOLE |  | 64381 | 0 | 0 |
| The Procter  Gamble Company | COM | 742718109 |  | 1446958 | 8491 | SH |  | SOLE |  | 8491 | 0 | 0 |
| The Progressive Corporation | COM | 743315103 |  | 97713428 | 345265 | SH |  | SOLE |  | 345265 | 0 | 0 |
| The Walt Disney Company | COM | 254687106 |  | 389865 | 3950 | SH |  | SOLE |  | 3950 | 0 | 0 |
| Thermo Fisher Scientific Inc. | COM | 883556102 |  | 17578318 | 35326 | SH |  | SOLE |  | 35326 | 0 | 0 |
| Thomson Reuters Corporation | COM | 884903808 |  | 16616267 | 96170 | SH |  | SOLE |  | 96170 | 0 | 0 |
| TJX Co. | COM | 872540109 |  | 328860 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| TopBuild Corp. | COM | 89055F103 |  | 3911289 | 12826 | SH |  | SOLE |  | 12826 | 0 | 0 |
| Tractor Supply Company | COM | 892356106 |  | 24029321 | 436104 | SH |  | SOLE |  | 436104 | 0 | 0 |
| Trane Technologies plc | COM | G8994E103 |  | 1850702 | 5493 | SH |  | SOLE |  | 5493 | 0 | 0 |
| TransDigm Group Incorporated | COM | 893641100 |  | 79445518 | 57432 | SH |  | SOLE |  | 57432 | 0 | 0 |
| Tyler Technologies Inc. | COM | 902252105 |  | 43507739 | 74834 | SH |  | SOLE |  | 74834 | 0 | 0 |
| UFP Industries Inc. | COM | 90278Q108 |  | 1289832 | 12050 | SH |  | SOLE |  | 12050 | 0 | 0 |
| UFP Technologies Inc. | COM | 902673102 |  | 345933 | 1715 | SH |  | SOLE |  | 1715 | 0 | 0 |
| United Rentals Inc. | COM | 911363109 |  | 73816680 | 117786 | SH |  | SOLE |  | 117786 | 0 | 0 |
| UnitedHealth Group Incorporated | COM | 91324P102 |  | 108126337 | 206446 | SH |  | SOLE |  | 206446 | 0 | 0 |
| Victory Capital Holdings Inc. | COM | 92645B103 |  | 6938952 | 119906 | SH |  | SOLE |  | 119906 | 0 | 0 |
| Visa Inc. | COM | 92826C839 |  | 90764809 | 258988 | SH |  | SOLE |  | 258988 | 0 | 0 |
| Walmart Inc. | COM | 931142103 |  | 2786718 | 31743 | SH |  | SOLE |  | 31743 | 0 | 0 |
| Waste Connections Inc. | COM | 94106B101 |  | 69639216 | 356777 | SH |  | SOLE |  | 356777 | 0 | 0 |

---