Investor: Charles Richardson & Andy Headley
Number of Assets: 30
Reporting Period: Q3 - 2025
Holdings at Report: $9,360,322,001
Return Since Report: +$103,152,824
Return Since Report: +1.10%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alphabet Inc. (GOOGL) | Equity | -51.89% | 2,284,192 | 5.93% | $243.10 | $304.17 | $555,287,075 | $694,782,681 | +$139,495,606 | +25.12% |
| Amazon.com Inc. (AMZN) | Equity | -4.22% | 4,587,764 | 10.76% | $219.57 | $221.92 | $1,007,335,341 | $1,018,116,587 | +$10,781,246 | +1.07% |
| Aon PLC (AON) | Equity | +19.33% | 2,053,673 | 7.82% | $356.58 | $351.40 | $732,298,718 | $721,660,692 | -$10,638,026 | -1.45% |
| Becton Dickinson And Company (BDX) | Equity | +40.57% | 2,954,898 | 5.91% | $187.17 | $195.36 | $553,068,259 | $577,268,873 | +$24,200,614 | +4.38% |
| Bio-Rad Laboratories Inc. (BIO) | Equity | -2.21% | 844,039 | 2.53% | $280.39 | $307.47 | $236,660,095 | $259,516,671 | +$22,856,576 | +9.66% |
| Canadian Pacific Kansas City Limited (CP) | Equity | -2.92% | 9,717,646 | 7.73% | $74.49 | $73.46 | $723,867,451 | $713,858,275 | -$10,009,176 | -1.38% |
| Charter Communications Inc. (CHTR) | Equity | -2.89% | 1,544,527 | 4.54% | $275.10 | $210.57 | $424,907,100 | $325,223,328 | -$99,683,772 | -23.46% |
| Cognizant Technology Solutions Corp. (CTSH) | Equity | -32.27% | 78,090 | 0.06% | $67.07 | $83.57 | $5,237,496 | $6,525,981 | +$1,288,485 | +24.60% |
| Elevance Health Inc. (ELV) | Equity | -1.15% | 902,900 | 3.12% | $323.12 | $350.16 | $291,745,048 | $316,154,950 | +$24,409,902 | +8.37% |
| Full Truck Alliance Co. Ltd. (YMM) | Equity | 0% | 111,136 | 0.02% | $12.97 | $11.31 | $1,441,434 | $1,256,392 | -$185,042 | -12.84% |
| Futu Holdings Limited (FUTU) | Equity | +40.92% | 420,857 | 0.78% | $173.91 | $162.46 | $73,191,241 | $68,372,428 | -$4,818,813 | -6.58% |
| HDFC Bank Limited (HDB) | Equity | +65.00% | 224,364 | 0.08% | $34.16 | $35.43 | $7,664,274 | $7,949,217 | +$284,943 | +3.72% |
| Hilton Worldwide Holdings Inc. (HLT) | Equity | -94.73% | 34,159 | 0.09% | $259.44 | $283.70 | $8,862,211 | $9,690,908 | +$828,697 | +9.35% |
| Hyatt Hotels Corp. (H) | Equity | +100% | 204,801 | 0.31% | $141.93 | $161.94 | $29,067,406 | $33,165,474 | +$4,098,068 | +14.10% |
| Intercontinental Exchange Inc. (ICE) | Equity | -4.90% | 2,054,294 | 3.70% | $168.48 | $160.42 | $346,107,453 | $329,549,843 | -$16,557,610 | -4.78% |
| Mastercard Inc. (MA) | Equity | -4.45% | 664,248 | 4.04% | $568.81 | $564.37 | $377,830,905 | $374,878,323 | -$2,952,582 | -0.78% |
| Medtronic PLC (MDT) | Equity | 0% | 181,007 | 0.18% | $95.24 | $97.36 | $17,239,107 | $17,621,936 | +$382,829 | +2.22% |
| Microsoft Corp. (MSFT) | Equity | -27.50% | 2,181,829 | 12.07% | $517.95 | $475.06 | $1,130,078,331 | $1,036,499,685 | -$93,578,646 | -8.28% |
| MSC Industrial Direct Co. Inc. (MSM) | Equity | 0% | 94,539 | 0.09% | $92.14 | $85.43 | $8,710,823 | $8,076,467 | -$634,356 | -7.28% |
| Netease Inc. (NTES) | Equity | -21.08% | 43,463 | 0.07% | $151.99 | $135.05 | $6,605,941 | $5,869,678 | -$736,263 | -11.15% |
| PDD Holdings Inc. (PDD) | Equity | 0% | 22,506 | 0.03% | $132.17 | $108.35 | $2,974,618 | $2,438,413 | -$536,205 | -18.03% |
| Philip Morris International Inc. (PM) | Equity | -7.39% | 67,036 | 0.12% | $162.20 | $158.06 | $10,873,239 | $10,595,710 | -$277,529 | -2.55% |
| Salesforce Inc. (CRM) | Equity | +47.28% | 3,039,568 | 7.70% | $237.00 | $253.53 | $720,377,616 | $770,621,675 | +$50,244,059 | +6.97% |
| The Charles Schwab Corp. (SCHW) | Equity | -33.06% | 1,488,189 | 1.52% | $95.47 | $95.88 | $142,077,404 | $142,687,561 | +$610,157 | +0.43% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | 0% | 9,960 | 0.03% | $279.29 | $284.93 | $2,781,728 | $2,837,903 | +$56,175 | +2.02% |
| Tal Education Group (TAL) | Equity | 0% | 40,746 | 0.00% | $11.20 | $11.11 | $456,355 | $452,484 | -$3,871 | -0.85% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | -3.59% | 1,218,105 | 6.31% | $485.02 | $564.17 | $590,805,287 | $687,218,298 | +$96,413,011 | +16.32% |
| UnitedHealth Group Inc. (UNH) | Equity | -14.64% | 2,652,995 | 9.79% | $345.30 | $332.14 | $916,079,174 | $881,165,759 | -$34,913,415 | -3.81% |
| Waters Corp. (WAT) | Equity | +100% | 584,770 | 1.87% | $299.81 | $373.74 | $175,319,894 | $218,551,940 | +$43,232,046 | +24.66% |
| Zoetis Inc. (ZTS) | Equity | -2.17% | 1,786,297 | 2.79% | $146.32 | $123.65 | $261,370,977 | $220,866,693 | -$40,504,284 | -15.50% |