Investor: Francois Rochon
Number of Assets: 50
Reporting Period: Q4 - 2025
Holdings at Report: $2,997,769,933
Return Since Report: -$184,105,255
Return Since Report: -6.14%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alphabet Inc. (GOOGL) | Equity | +0.63% | 361,398 | 3.77% | $313.00 | $287.22 | $113,117,574 | $103,800,734 | -$9,316,840 | -8.24% |
| Alphabet Inc. (GOOG) | Equity | +0.20% | 639,507 | 6.69% | $313.80 | $286.39 | $200,677,297 | $183,148,410 | -$17,528,887 | -8.73% |
| Ametek Inc. (AME) | Equity | -1.73% | 979,458 | 6.71% | $205.31 | $214.69 | $201,092,522 | $210,279,838 | +$9,187,316 | +4.57% |
| Analog Devices Inc. (ADI) | Equity | +0.16% | 176,747 | 1.60% | $271.20 | $317.95 | $47,933,786 | $56,196,709 | +$8,262,923 | +17.24% |
| Apple Inc. (AAPL) | Equity | -2.12% | 16,518 | 0.15% | $271.86 | $253.42 | $4,490,583 | $4,185,992 | -$304,591 | -6.78% |
| Arista Networks Inc. (ANET) | Equity | +1.64% | 419,158 | 1.83% | $131.03 | $122.83 | $54,922,273 | $51,485,177 | -$3,437,096 | -6.26% |
| Bank Ozk (OZK) | Equity | +0.16% | 1,264,042 | 1.94% | $46.02 | $46.01 | $58,171,213 | $58,158,572 | -$12,641 | -0.02% |
| Berkshire Hathaway Inc. (BRK-A) | Equity | 0% | 11 | 0.28% | $754,800.00 | $718,994.50 | $8,302,800 | $7,908,940 | -$393,861 | -4.74% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | -0.91% | 505,984 | 8.48% | $502.65 | $479.11 | $254,332,858 | $242,421,994 | -$11,910,864 | -4.68% |
| Birkenstock Holding PLC (BIRK) | Equity | 0% | 27,392 | 0.04% | $40.90 | $35.86 | $1,120,333 | $982,277 | -$138,056 | -12.32% |
| Booking Holdings Inc. (BKNG) | Equity | +0.48% | 21,445 | 3.83% | $5,355.33 | $4,202.83 | $114,845,052 | $90,129,689 | -$24,715,363 | -21.52% |
| Bright Horizons Family Solutions Inc. (BFAM) | Equity | +100% | 410,196 | 1.39% | $101.40 | N/A | $41,593,874 | N/A | N/A | N/A |
| Brown & Brown Inc. (BRO) | Equity | +139.73% | 772,520 | 2.05% | $79.70 | $65.21 | $61,569,844 | $50,376,029 | -$11,193,815 | -18.18% |
| Builders Firstsource Inc. (BLDR) | Equity | +3.32% | 89,984 | 0.31% | $102.89 | $82.30 | $9,258,454 | $7,405,233 | -$1,853,221 | -20.02% |
| Capital One Financial Corp. (COF) | Equity | -0.01% | 8,274 | 0.07% | $242.36 | $182.19 | $2,005,287 | $1,507,440 | -$497,847 | -24.83% |
| Copart Inc. (CPRT) | Equity | 0% | 27,484 | 0.04% | $39.15 | $33.20 | $1,075,999 | $912,469 | -$163,530 | -15.20% |
| Costco Wholesale Corp. (COST) | Equity | 0% | 240 | 0.01% | $862.34 | $994.71 | $206,962 | $238,730 | +$31,768 | +15.35% |
| The Walt Disney Company (DIS) | Equity | +109.07% | 544,419 | 2.07% | $113.77 | $96.32 | $61,938,550 | $52,438,438 | -$9,500,112 | -15.34% |
| Dream Finders Homes Inc. (DFH) | Equity | 0% | 32,202 | 0.02% | $17.10 | $13.89 | $550,654 | $447,318 | -$103,336 | -18.77% |
| Ferguson Enterprises Inc. (FERG) | Equity | +2.45% | 36,374 | 0.27% | $222.63 | $234.10 | $8,097,944 | $8,514,972 | +$417,028 | +5.15% |
| Five Below Inc. (FIVE) | Equity | +0.10% | 637,747 | 4.01% | $188.36 | $228.48 | $120,126,025 | $145,712,435 | +$25,586,410 | +21.30% |
| Floor & Decor Holdings Inc. (FND) | Equity | -0.12% | 235,876 | 0.48% | $60.89 | $50.78 | $14,362,490 | $11,977,783 | -$2,384,707 | -16.60% |
| Heico Corp. (HEI-A) | Equity | +0.67% | 754,532 | 6.35% | $252.43 | $210.99 | $190,466,513 | $159,198,707 | -$31,267,806 | -16.42% |
| Installed Building Products Inc. (IBP) | Equity | +0.87% | 519,236 | 4.49% | $259.39 | $267.53 | $134,684,626 | $138,908,611 | +$4,223,985 | +3.14% |
| Intuitive Surgical Inc. (ISRG) | Equity | +100% | 405 | 0.01% | $566.36 | $462.57 | $229,376 | $187,339 | -$42,037 | -18.33% |
| Ishares U.S. Home Construction ETF (ITB) | Equity | +1.19% | 11,698 | 0.04% | $96.30 | $90.63 | $1,126,517 | $1,060,131 | -$66,386 | -5.89% |
| JP Morgan Chase & Co. (JPM) | Equity | +2.23% | 51,838 | 0.56% | $322.22 | $294.43 | $16,703,240 | $15,262,662 | -$1,440,578 | -8.62% |
| Keysight Technologies Inc. (KEYS) | Equity | +0.04% | 334,046 | 2.26% | $203.19 | $281.94 | $67,874,807 | $94,180,929 | +$26,306,122 | +38.76% |
| Kinsale Capital Group Inc. (KNSL) | Equity | +12.50% | 214,264 | 2.80% | $391.12 | $341.70 | $83,802,936 | $73,214,009 | -$10,588,927 | -12.64% |
| Littelfuse Inc. (LFUS) | Equity | +0.40% | 81,585 | 0.69% | $252.92 | $337.79 | $20,634,478 | $27,558,842 | +$6,924,364 | +33.56% |
| Lululemon Athletica Inc. (LULU) | Equity | +0.16% | 144,237 | 1.00% | $207.81 | $153.08 | $29,973,891 | $22,079,079 | -$7,894,812 | -26.34% |
| M&T Bank Corp. (MTB) | Equity | 0% | 7,540 | 0.05% | $201.48 | $207.13 | $1,519,159 | $1,561,760 | +$42,601 | +2.80% |
| Markel Group Inc. (MKL) | Equity | +0.34% | 43,978 | 3.15% | $2,149.65 | $1,912.83 | $94,537,308 | $84,122,438 | -$10,414,870 | -11.02% |
| Mastercard Inc. (MA) | Equity | +3.73% | 28,759 | 0.55% | $570.88 | $499.72 | $16,417,938 | $14,371,447 | -$2,046,491 | -12.46% |
| Medpace Holdings Inc. (MEDP) | Equity | +0.58% | 263,320 | 4.93% | $561.65 | $480.19 | $147,893,678 | $126,443,631 | -$21,450,047 | -14.50% |
| Meta Platforms Inc. (META) | Equity | +0.53% | 313,449 | 6.90% | $660.09 | $570.25 | $206,904,550 | $178,744,292 | -$28,160,258 | -13.61% |
| Microsoft Corp. (MSFT) | Equity | +0.06% | 1,704 | 0.03% | $483.62 | $370.17 | $824,088 | $630,770 | -$193,318 | -23.46% |
| Novo Nordisk As (NVO) | Equity | 0% | 12,400 | 0.02% | $50.88 | $36.74 | $630,912 | $455,514 | -$175,398 | -27.80% |
| NVR Inc. (NVR) | Equity | +0.26% | 14,112 | 3.43% | $7,292.77 | $6,599.79 | $102,915,570 | $93,136,236 | -$9,779,334 | -9.50% |
| Old Dominion Freight Line Inc. (ODFL) | Equity | 0% | 5,255 | 0.03% | $156.80 | $195.23 | $823,984 | $1,025,907 | +$201,923 | +24.51% |
| The Progressive Corp. (PGR) | Equity | +0.55% | 536,832 | 4.08% | $227.72 | $198.17 | $122,247,383 | $106,381,313 | -$15,866,070 | -12.98% |
| Resmed Inc. (RMD) | Equity | -0.01% | 235,388 | 1.89% | $240.87 | N/A | $56,697,908 | N/A | N/A | N/A |
| The Charles Schwab Corp. (SCHW) | Equity | +0.63% | 1,585,661 | 5.28% | $99.91 | $93.86 | $158,423,391 | $148,830,141 | -$9,593,250 | -6.06% |
| Siteone Landscape Supply Inc. (SITE) | Equity | 0% | 3,753 | 0.02% | $124.56 | $132.96 | $467,474 | $498,999 | +$31,525 | +6.74% |
| SPDR Gold Shares (GLD) | Equity | 0% | 3,876 | 0.05% | $396.31 | $430.21 | $1,536,098 | $1,667,494 | +$131,396 | +8.55% |
| SPDR S&P 500 ETF Trust (SPY) | Equity | 0% | 2,474 | 0.06% | $681.92 | $650.36 | $1,687,070 | $1,608,978 | -$78,092 | -4.63% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | +96.85% | 16,069 | 0.16% | $301.00 | $337.70 | $4,836,769 | $5,426,501 | +$589,732 | +12.19% |
| TWFG Inc. (TWFG) | Equity | +10.39% | 331,511 | 0.32% | $28.77 | $18.25 | $9,537,571 | $6,050,076 | -$3,487,495 | -36.57% |
| Visa Inc. (V) | Equity | +0.45% | 407,345 | 4.77% | $350.71 | $301.42 | $142,859,965 | $122,779,893 | -$20,080,072 | -14.06% |
| Yum China Holdings Inc. (YUMC) | Equity | 0% | 36,036 | 0.06% | $47.74 | $48.79 | $1,720,359 | $1,758,016 | +$37,657 | +2.19% |