| Security | $Holding | Balance | % of Fund | Category | Position | Country |
|---|---|---|---|---|---|---|
| CSU Constellation Software Inc | 1.60 bn | 505.70 k shares | 12.29 | Common equity | Long | Canada |
| MA Mastercard Incorporated | 1.50 bn | 3.23 mm shares | 11.54 | Common equity | Long | USA |
| MCO Moody's Corporation | 1.49 bn | 3.27 mm shares | 11.51 | Common equity | Long | USA |
| KKR KKR & Co. Inc. | 1.38 bn | 11.22 mm shares | 10.67 | Common equity | Long | USA |
| AMT American Tower Corporation | 1.16 bn | 5.27 mm shares | 8.95 | Common equity | Long | USA |
| V Visa Inc. | 864.22 mm | 3.25 mm shares | 6.66 | Common equity | Long | USA |
| BAM Brookfield Asset Management Ltd. | 843.91 mm | 17.31 mm shares | 6.50 | Common equity | Long | Canada |
| ROP Roper Technologies, Inc. | 813.86 mm | 1.49 mm shares | 6.27 | Common equity | Long | USA |
| ORLY O'Reilly Automotive, Inc. | 767.04 mm | 681.00 k shares | 5.91 | Common equity | Long | USA |
| CSGP CoStar Group, Inc. | 629.78 mm | 8.07 mm shares | 4.85 | Common equity | Long | USA |
| TOI The Oncology Institute, Inc. | 528.32 mm | 6.00 mm shares | 4.07 | Common equity | Long | Netherlands |
| DHR Danaher Corporation | 484.89 mm | 1.75 mm shares | 3.74 | Common equity | Long | USA |
| US BANK MMDA - USBFS 2 | 263.09 mm | 263.09 mm shares | 2.03 | Short-term investment vehicle | Long | USA |
| ABNB Airbnb, Inc. | 240.82 mm | 1.73 mm shares | 1.86 | Common equity | Long | USA |
| KMX CarMax, Inc. | 143.55 mm | 1.70 mm shares | 1.11 | Common equity | Long | USA |
| SBAC SBA Communications Corporation | 109.77 mm | 500.00 k shares | 0.85 | Common equity | Long | USA |
| CCCS CCC Intelligent Solutions Holdings Inc. | 80.29 mm | 7.83 mm shares | 0.62 | Common equity | Long | USA |
| CSU Constellation Software Inc | 0.00 | 628.50 k shares | 0.00 | Equity derivative | N/A | Canada |
