# EDGAR Filing Document

**Accession Number:** 0000024386
**File Stem:** 0000024386-26-000002
**Filing Date:** 2026-2
**Character Count:** 19184
**Document Hash:** 231a16374ad915363d003a3740b3e9f9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000024386-26-000002.hdr.sgml**: 20260209

**ACCESSION NUMBER**: 0000024386-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260209

**DATE AS OF CHANGE**: 20260209

**EFFECTIVENESS DATE**: 20260209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COOKE & BIELER LP
- **CENTRAL INDEX KEY:** 0000024386

**ORGANIZATION NAME:**
- **EIN:** 233082822
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-00268
- **FILM NUMBER:** 26610264

**BUSINESS ADDRESS:**
- **STREET 1:** 2001 MARKET STREET
- **STREET 2:** SUITE 4000
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103
- **BUSINESS PHONE:** 215 246 2052

**MAIL ADDRESS:**
- **STREET 1:** 2001 MARKET STREET
- **STREET 2:** SUITE 4000
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COOKE & BIELER INC
- **DATE OF NAME CHANGE:** 19920929

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** COOKE  BIELER LP<br>**Address:** 2001 MARKET STREET<br>SUITE 4000<br>PHILADELPHIA, PA 19103

**Form 13F File Number:** 028-00268

**CRD Number (if applicable):** 000113859

**SEC File Number (if applicable):** 801-60411

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:** Linda Nitka Perna<br>**Title:** Chief Compliance Officer<br>**Phone:** 215-246-2052

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

Linda Nitka Perna  Philadelphia, PA  02-09-2026<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:** 150

**Form 13F Information Table Value Total:** $9588966880

      (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 |
| AerCap Holdings N.V. | COM | N00985106 |  | 107688172 | 749083 | SH |  | SOLE |  | 645860 | 0 | 103223 |
| AerCap Holdings N.V. | COM | N00985106 |  | 42409200 | 295000 | SH |  | OTR |  | 0 | 0 | 295000 |
| Allegion PLC | COM | G0176J109 |  | 46529975 | 292237 | SH |  | SOLE |  | 246037 | 0 | 46200 |
| Allegion PLC | COM | G0176J109 |  | 23246120 | 146000 | SH |  | OTR |  | 0 | 0 | 146000 |
| Alphabet Inc CL A | COM | 02079K305 |  | 861376 | 2752 | SH |  | SOLE |  | 2752 | 0 | 0 |
| Alphabet Inc CL C | COM | 02079K107 |  | 502080 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| American Woodmark | COM | 030506109 |  | 14047202 | 260616 | SH |  | SOLE |  | 208771 | 0 | 51845 |
| APi Group | COM | 00187Y100 |  | 73645641 | 1924873 | SH |  | SOLE |  | 1590274 | 0 | 334599 |
| Aramark | COM | 03852U106 |  | 86152657 | 2337294 | SH |  | SOLE |  | 2027784 | 0 | 309510 |
| Aramark | COM | 03852U106 |  | 31957620 | 867000 | SH |  | OTR |  | 0 | 0 | 867000 |
| Arch Capital Group | COM | G0450A105 |  | 196750433 | 2051193 | SH |  | SOLE |  | 1295879 | 0 | 755314 |
| Arch Capital Group | COM | G0450A105 |  | 56017280 | 584000 | SH |  | OTR |  | 0 | 0 | 584000 |
| Armstrong World Industries Inc | COM | 04247X102 |  | 37082573 | 194048 | SH |  | SOLE |  | 158748 | 0 | 35300 |
| Arrow Electronics | COM | 042735100 |  | 18178929 | 164993 | SH |  | SOLE |  | 135243 | 0 | 29750 |
| Atlas Energy Solutions Inc | COM | 642045108 |  | 39434409 | 4186243 | SH |  | SOLE |  | 3512942 | 0 | 673301 |
| Atmos Energy | COM | 049560105 |  | 73864651 | 440641 | SH |  | SOLE |  | 383316 | 0 | 57325 |
| Atmos Energy | COM | 049560105 |  | 33526000 | 200000 | SH |  | OTR |  | 0 | 0 | 200000 |
| Avery Dennison Corp Com | COM | 053611109 |  | 83244475 | 457689 | SH |  | SOLE |  | 391649 | 0 | 66040 |
| Avery Dennison Corp Com | COM | 053611109 |  | 22371240 | 123000 | SH |  | OTR |  | 0 | 0 | 123000 |
| Bank of America | COM | 060505104 |  | 69367320 | 1261224 | SH |  | SOLE |  | 745899 | 0 | 515325 |
| Bank of America | COM | 060505104 |  | 41635000 | 757000 | SH |  | OTR |  | 0 | 0 | 757000 |
| Becton Dickinson and Company | COM | 075887109 |  | 163905894 | 844571 | SH |  | SOLE |  | 483357 | 0 | 361214 |
| Becton Dickinson and Company | COM | 075887109 |  | 54708333 | 281900 | SH |  | OTR |  | 0 | 0 | 281900 |
| Berkshire Hathaway Cl B | COM | 084670702 |  | 1161122 | 2310 | SH |  | SOLE |  | 2310 | 0 | 0 |
| BrightView Holdings Inc | COM | 10948C107 |  | 46226444 | 3648496 | SH |  | SOLE |  | 3083686 | 0 | 564810 |
| Brookfield Asset Management - | COM | 113004105 |  | 75750858 | 1445903 | SH |  | SOLE |  | 1227001 | 0 | 218902 |
| Brookfield Asset Management - | COM | 113004105 |  | 29128840 | 556000 | SH |  | OTR |  | 0 | 0 | 556000 |
| Brookfield Corp | COM | 11271J107 |  | 111261911 | 2424535 | SH |  | SOLE |  | 1145092 | 0 | 1279443 |
| Brookfield Corp | COM | 11271J107 |  | 50659118 | 1103925 | SH |  | OTR |  | 0 | 0 | 1103925 |
| Burford Capital Limited | COM | G17977110 |  | 46335395 | 5194551 | SH |  | SOLE |  | 4414221 | 0 | 780330 |
| Carlisle Companies Incorporate | COM | 142339100 |  | 102799805 | 321390 | SH |  | SOLE |  | 278216 | 0 | 43174 |
| Carlisle Companies Incorporate | COM | 142339100 |  | 39342780 | 123000 | SH |  | OTR |  | 0 | 0 | 123000 |
| CBRE Group Inc. Cl A | COM | 12504L109 |  | 75664558 | 470580 | SH |  | SOLE |  | 400272 | 0 | 70308 |
| CBRE Group Inc. Cl A | COM | 12504L109 |  | 27816670 | 173000 | SH |  | OTR |  | 0 | 0 | 173000 |
| Charles River Laboratories | COM | 159864107 |  | 121197066 | 607565 | SH |  | SOLE |  | 500125 | 0 | 107440 |
| Charles Schwab Corporation | COM | 808513105 |  | 55784749 | 558350 | SH |  | SOLE |  | 506565 | 0 | 51785 |
| Charles Schwab Corporation | COM | 808513105 |  | 54810626 | 548600 | SH |  | OTR |  | 0 | 0 | 548600 |
| Chubb Limited | COM | H1467J104 |  | 115445385 | 369875 | SH |  | SOLE |  | 194884 | 0 | 174991 |
| Chubb Limited | COM | H1467J104 |  | 61019460 | 195500 | SH |  | OTR |  | 0 | 0 | 195500 |
| Citigroup | COM | 172967424 |  | 29923400 | 256435 | SH |  | SOLE |  | 239495 | 0 | 16940 |
| Citigroup | COM | 172967424 |  | 36290590 | 311000 | SH |  | OTR |  | 0 | 0 | 311000 |
| Columbia Banking System | COM | 197236102 |  | 63044942 | 2255633 | SH |  | SOLE |  | 1902214 | 0 | 353419 |
| Commerce Bancshares | COM | 200525103 |  | 52098940 | 995394 | SH |  | SOLE |  | 809684 | 0 | 185710 |
| CONMED Corporation | COM | 207410101 |  | 35233370 | 867817 | SH |  | SOLE |  | 709027 | 0 | 158790 |
| ConocoPhillips | COM | 20825C104 |  | 111236763 | 1188300 | SH |  | SOLE |  | 532874 | 0 | 655426 |
| ConocoPhillips | COM | 20825C104 |  | 49987740 | 534000 | SH |  | OTR |  | 0 | 0 | 534000 |
| Crown Castle Inc | COM | 22822V101 |  | 197006749 | 2216797 | SH |  | SOLE |  | 1528883 | 0 | 687914 |
| Crown Castle Inc | COM | 22822V101 |  | 63453180 | 714000 | SH |  | OTR |  | 0 | 0 | 714000 |
| Dentsply Sirona Inc | COM | 24906P109 |  | 78483958 | 6866488 | SH |  | SOLE |  | 5789770 | 0 | 1076718 |
| Dentsply Sirona Inc | COM | 24906P109 |  | 18253710 | 1597000 | SH |  | OTR |  | 0 | 0 | 1597000 |
| DMC Global Inc | COM | 23291C103 |  | 13301506 | 1988267 | SH |  | SOLE |  | 1625310 | 0 | 362957 |
| Dream Finders Homes Inc | COM | 26154D100 |  | 42528794 | 2487064 | SH |  | SOLE |  | 2077929 | 0 | 409135 |
| Enerpac Tool Group Corp | COM | 292765104 |  | 60337787 | 1577871 | SH |  | SOLE |  | 1332941 | 0 | 244930 |
| EOG Resources Inc | COM | 26875P101 |  | 63338252 | 603164 | SH |  | SOLE |  | 544394 | 0 | 58770 |
| EOG Resources Inc | COM | 26875P101 |  | 32028050 | 305000 | SH |  | OTR |  | 0 | 0 | 305000 |
| ESAB Corporation | COM | 29605J106 |  | 104911560 | 939058 | SH |  | SOLE |  | 779408 | 0 | 159650 |
| Essent Group Ltd | COM | G3198U102 |  | 126899910 | 1952006 | SH |  | SOLE |  | 1602977 | 0 | 349029 |
| F Annuities  Life Inc | COM | 30190A104 |  | 7569757 | 245373 | SH |  | SOLE |  | 167855 | 0 | 77519 |
| FG Annuities  Life Inc | COM | 30190A104 |  | 2025920 | 65670 | SH |  | OTR |  | 0 | 0 | 65670 |
| Fidelity National Financial In | COM | 31620R303 |  | 222477396 | 4075424 | SH |  | SOLE |  | 2783449 | 0 | 1291975 |
| Fidelity National Financial In | COM | 31620R303 |  | 59748755 | 1094500 | SH |  | OTR |  | 0 | 0 | 1094500 |
| Fiserv Inc | COM | 337738108 |  | 106599193 | 1587006 | SH |  | SOLE |  | 1346731 | 0 | 240275 |
| Fiserv Inc | COM | 337738108 |  | 42048420 | 626000 | SH |  | OTR |  | 0 | 0 | 626000 |
| General Mills | COM | 370334104 |  | 232500 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| Gildan Activewear | COM | 375916103 |  | 374668771 | 5998539 | SH |  | SOLE |  | 4366353 | 0 | 1632186 |
| Gildan Activewear | COM | 375916103 |  | 79609642 | 1274570 | SH |  | OTR |  | 0 | 0 | 1274570 |
| Glacier Bancorp Inc | COM | 37637Q105 |  | 134323163 | 3049334 | SH |  | SOLE |  | 2513521 | 0 | 535813 |
| Globant SA | COM | L44385109 |  | 16931484 | 259010 | SH |  | SOLE |  | 209700 | 0 | 49310 |
| Gorman Rupp Co | COM | 383082104 |  | 9416443 | 197203 | SH |  | SOLE |  | 161385 | 0 | 35818 |
| H.B. Fuller Company | COM | 359694106 |  | 99754496 | 1677674 | SH |  | SOLE |  | 1389099 | 0 | 288575 |
| Hasbro | COM | 418056107 |  | 124288876 | 1515718 | SH |  | SOLE |  | 1290773 | 0 | 224945 |
| Hasbro | COM | 418056107 |  | 31734000 | 387000 | SH |  | OTR |  | 0 | 0 | 387000 |
| HCA Healthcare Inc. | COM | 40412C101 |  | 20758930 | 44465 | SH |  | SOLE |  | 40385 | 0 | 4080 |
| HCA Healthcare Inc. | COM | 40412C101 |  | 19748178 | 42300 | SH |  | OTR |  | 0 | 0 | 42300 |
| HNI Corporation | COM | 404251100 |  | 31718886 | 754493 | SH |  | SOLE |  | 643183 | 0 | 111310 |
| IDT Corporation | COM | 448947507 |  | 20029562 | 391126 | SH |  | SOLE |  | 320046 | 0 | 71080 |
| Ingredion Incorporated | COM | 457187102 |  | 103440750 | 938153 | SH |  | SOLE |  | 801202 | 0 | 136951 |
| Ingredion Incorporated | COM | 457187102 |  | 29659940 | 269000 | SH |  | OTR |  | 0 | 0 | 269000 |
| Integer Holdings Corporation | COM | 45826H109 |  | 48088100 | 613134 | SH |  | SOLE |  | 518174 | 0 | 94960 |
| Janus International Group | COM | 47103N106 |  | 50661175 | 7746357 | SH |  | SOLE |  | 6518379 | 0 | 1227978 |
| Johnson  Johnson | COM | 478160104 |  | 77626117 | 375096 | SH |  | SOLE |  | 206273 | 0 | 168823 |
| Johnson  Johnson | COM | 478160104 |  | 43136658 | 208440 | SH |  | OTR |  | 0 | 0 | 208440 |
| JP Morgan Chase | COM | 46625H100 |  | 603196 | 1872 | SH |  | SOLE |  | 1872 | 0 | 0 |
| Labcorp Holdings | COM | 504922105 |  | 140496814 | 560016 | SH |  | SOLE |  | 476626 | 0 | 83390 |
| Labcorp Holdings | COM | 504922105 |  | 48394752 | 192900 | SH |  | OTR |  | 0 | 0 | 192900 |
| LKQ Corp | COM | 501889208 |  | 87616210 | 2901199 | SH |  | SOLE |  | 2511964 | 0 | 389235 |
| LKQ Corp | COM | 501889208 |  | 33069000 | 1095000 | SH |  | OTR |  | 0 | 0 | 1095000 |
| M Bank Corporation | COM | 55261F104 |  | 65392349 | 324560 | SH |  | SOLE |  | 262920 | 0 | 61640 |
| Malibu Boats Inc | COM | 56117J100 |  | 44216467 | 1567404 | SH |  | SOLE |  | 1317059 | 0 | 250345 |
| Markel Group | COM | 570535104 |  | 68889834 | 32047 | SH |  | SOLE |  | 26507 | 0 | 5540 |
| MarketAxess Holdings Inc | COM | 57060D108 |  | 18868125 | 104100 | SH |  | SOLE |  | 85160 | 0 | 18940 |
| MasterBrand Inc. | COM | 57638P104 |  | 31254637 | 2831036 | SH |  | SOLE |  | 2416926 | 0 | 414110 |
| Medtronic PLC | COM | G5960L103 |  | 45765289 | 476424 | SH |  | SOLE |  | 430659 | 0 | 45765 |
| Medtronic PLC | COM | G5960L103 |  | 44735142 | 465700 | SH |  | OTR |  | 0 | 0 | 465700 |
| Middleby Corp | COM | 596278101 |  | 48113031 | 323623 | SH |  | SOLE |  | 270053 | 0 | 53570 |
| MKS Inc. | COM | 55306N104 |  | 154479139 | 966703 | SH |  | SOLE |  | 802362 | 0 | 164341 |
| MSA Safety | COM | 553498106 |  | 143970664 | 899030 | SH |  | SOLE |  | 737223 | 0 | 161807 |
| NXP Semiconductors N.V. | COM | N6596X109 |  | 10752284 | 49536 | SH |  | SOLE |  | 46286 | 0 | 3250 |
| NXP Semiconductors N.V. | COM | N6596X109 |  | 13023600 | 60000 | SH |  | OTR |  | 0 | 0 | 60000 |
| Occidental Petroleum | COM | 674599105 |  | 96081239 | 2336606 | SH |  | SOLE |  | 2089531 | 0 | 247075 |
| Occidental Petroleum | COM | 674599105 |  | 33348320 | 811000 | SH |  | OTR |  | 0 | 0 | 811000 |
| Omnicom Group | COM | 681919106 |  | 150090994 | 1858712 | SH |  | SOLE |  | 1597138 | 0 | 261574 |
| Omnicom Group | COM | 681919106 |  | 54853475 | 679300 | SH |  | OTR |  | 0 | 0 | 679300 |
| Open Text Corp | COM | 683715106 |  | 39192144 | 1202951 | SH |  | SOLE |  | 1043123 | 0 | 159828 |
| Perrigo Co PLC | COM | G97822103 |  | 51703237 | 3714313 | SH |  | SOLE |  | 3083043 | 0 | 631270 |
| Philip Morris Int'l | COM | 718172109 |  | 1111251 | 6928 | SH |  | SOLE |  | 6828 | 0 | 100 |
| PPG Industries | COM | 693506107 |  | 119639673 | 1167672 | SH |  | SOLE |  | 993906 | 0 | 173766 |
| PPG Industries | COM | 693506107 |  | 46004540 | 449000 | SH |  | OTR |  | 0 | 0 | 449000 |
| RB Global Inc | COM | 74935Q107 |  | 203374401 | 1977004 | SH |  | SOLE |  | 1332701 | 0 | 644303 |
| RB Global Inc | COM | 74935Q107 |  | 49269484 | 478949 | SH |  | OTR |  | 0 | 0 | 478949 |
| RenaissanceRe | COM | G7496G103 |  | 247938416 | 881841 | SH |  | SOLE |  | 583022 | 0 | 298819 |
| RenaissanceRe | COM | G7496G103 |  | 60168240 | 214000 | SH |  | OTR |  | 0 | 0 | 214000 |
| Rush Enterprises Inc. Class A | COM | 781846209 |  | 39335745 | 729250 | SH |  | SOLE |  | 621705 | 0 | 107545 |
| Ryman Hospitality Properties | COM | 78377T107 |  | 118383245 | 1251144 | SH |  | SOLE |  | 1029953 | 0 | 221191 |
| Simpson Manufacturing Co Inc | COM | 829073105 |  | 20940237 | 129685 | SH |  | SOLE |  | 106085 | 0 | 23600 |
| Stanley Black  Decker | COM | 854502101 |  | 68600997 | 923546 | SH |  | SOLE |  | 789826 | 0 | 133720 |
| Stanley Black  Decker | COM | 854502101 |  | 23621040 | 318000 | SH |  | OTR |  | 0 | 0 | 318000 |
| State Street | COM | 857477103 |  | 85576719 | 663334 | SH |  | SOLE |  | 563379 | 0 | 99955 |
| State Street | COM | 857477103 |  | 32265401 | 250100 | SH |  | OTR |  | 0 | 0 | 250100 |
| Stewart Information Services | COM | 860372101 |  | 39556591 | 563003 | SH |  | SOLE |  | 457443 | 0 | 105560 |
| TE Connectivity | COM | G87052109 |  | 969193 | 4260 | SH |  | SOLE |  | 4260 | 0 | 0 |
| Tecnoglass | COM | G87264100 |  | 24524509 | 487371 | SH |  | SOLE |  | 408431 | 0 | 78940 |
| Teleflex Incorporated | COM | 879369106 |  | 144394799 | 1183176 | SH |  | SOLE |  | 795546 | 0 | 387630 |
| The Kraft Heinz Company | COM | 500754106 |  | 77012544 | 3175775 | SH |  | SOLE |  | 2713120 | 0 | 462655 |
| The Kraft Heinz Company | COM | 500754106 |  | 29027250 | 1197000 | SH |  | OTR |  | 0 | 0 | 1197000 |
| The Timken Company | COM | 887389104 |  | 116248226 | 1381769 | SH |  | SOLE |  | 1138259 | 0 | 243510 |
| The Walt Disney Company | COM | 254687106 |  | 106422506 | 935418 | SH |  | SOLE |  | 455443 | 0 | 479975 |
| The Walt Disney Company | COM | 254687106 |  | 53813210 | 473000 | SH |  | OTR |  | 0 | 0 | 473000 |
| TJX COS INC NEW COM | COM | 872540109 |  | 384025 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| UnitedHealth Group | COM | 91324P102 |  | 73226321 | 221824 | SH |  | SOLE |  | 119006 | 0 | 102818 |
| UnitedHealth Group | COM | 91324P102 |  | 40603530 | 123000 | SH |  | OTR |  | 0 | 0 | 123000 |
| Valvoline Inc | COM | 92047W101 |  | 124408621 | 4281095 | SH |  | SOLE |  | 3525470 | 0 | 755625 |
| Vanguard Russell 1000 Value In | COM | 92206C714 |  | 4984200 | 54000 | SH |  | SOLE |  | 0 | 0 | 54000 |
| VANGUARD SCOTTSDALE FDS VNG RU | COM | 92206C649 |  | 1201074 | 7510 | SH |  | SOLE |  | 7510 | 0 | 0 |
| Varex Imaging Corporation | COM | 92214X106 |  | 19018916 | 1632525 | SH |  | SOLE |  | 1335025 | 0 | 297500 |
| Verizon Communications | COM | 92343V104 |  | 45247324 | 1110909 | SH |  | SOLE |  | 1016034 | 0 | 94875 |
| Verizon Communications | COM | 92343V104 |  | 46179674 | 1133800 | SH |  | OTR |  | 0 | 0 | 1133800 |
| Warner Music Group Corp | COM | 934550203 |  | 118953534 | 3878498 | SH |  | SOLE |  | 3338968 | 0 | 539530 |
| Warner Music Group Corp | COM | 934550203 |  | 41864550 | 1365000 | SH |  | OTR |  | 0 | 0 | 1365000 |
| Weatherford International plc | COM | G48833118 |  | 17103645 | 218549 | SH |  | SOLE |  | 178789 | 0 | 39760 |
| White Mountains Insurance Grou | COM | G9618E107 |  | 221474359 | 106579 | SH |  | SOLE |  | 77040 | 0 | 29539 |
| Winnebago | COM | 974637100 |  | 71253448 | 1758476 | SH |  | SOLE |  | 1223602 | 0 | 534874 |
| Woodward | COM | 980745103 |  | 111657055 | 369334 | SH |  | SOLE |  | 308186 | 0 | 61148 |
| Woodward | COM | 980745103 |  | 28266920 | 93500 | SH |  | OTR |  | 0 | 0 | 93500 |
| WSFS Financial | COM | 929328102 |  | 58328026 | 1055902 | SH |  | SOLE |  | 863692 | 0 | 192210 |
| XPO Inc | COM | 983793100 |  | 94960725 | 698703 | SH |  | SOLE |  | 598543 | 0 | 100160 |
| XPO Inc | COM | 983793100 |  | 31938850 | 235000 | SH |  | OTR |  | 0 | 0 | 235000 |
| Magnum Ice Cream Company | ADR | N5505D105 |  | 1004050 | 63347 | SH |  | SOLE |  | 57127 | 0 | 6220 |
| Unilever PLC ADR | ADR | 904767803 |  | 19358400 | 296000 | SH |  | SOLE |  | 268358 | 0 | 27642 |
| Unilever PLC ADR | ADR | 904767803 |  | 18253794 | 279110 | SH |  | OTR |  | 0 | 0 | 279110 |

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