The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M COMPANY COMMON 88579Y101   10,620,850 106,113 SH   SOLE   106,113 0 0
ALPHABET INC CLASS A 02079K305   2,470,728 20,641 SH   SOLE   20,641 0 0
AMBEV SA ADR REP 1 COM SHS 02319V103   253,800,417 79,811,452 SH   SOLE   53,153,052 0 26,658,400
AMERICAN EXPRESS CO COMMON 025816109   9,154,907 52,554 SH   SOLE   52,554 0 0
BANCO BRADESCO S A ADR (1 PFD) 059460303   292,897,221 84,652,376 SH   SOLE   53,549,100 0 31,103,276
BECTON DICKINSON COMMON 075887109   3,836,593 14,532 SH   SOLE   14,532 0 0
BERKSHIRE HATHAWAY CLASS B 084670702   26,312,924 77,164 SH   SOLE   77,164 0 0
BIOGEN INC COMMON 09062X103   17,094,418 60,012 SH   SOLE   60,012 0 0
BORG WARNER INC COMMON 099724106   18,757,963 383,520 SH   SOLE   383,520 0 0
C H ROBINSON WLDWIDE COMMON 12541W209   19,122,858 202,680 SH   SOLE   202,680 0 0
CHECK POINT SOFTWARE ORDINARY M22465104   53,372,923 424,876 SH   SOLE   244,776 0 180,100
COMMERCIAL INTL BK GDR REP 1 ORD EGP10 201712205   34,766,480 30,496,912 SH   SOLE   30,496,912 0 0
COPA HOLDINGS CLASS A P31076105   299,671,247 2,709,995 SH   SOLE   1,730,066 0 979,929
CULLEN FROST BANKERS COMMON 229899109   12,733,272 118,416 SH   SOLE   118,416 0 0
DONALDSON INC COMMON 257651109   9,169,029 146,681 SH   SOLE   146,681 0 0
EAGLE MATERIALS COMMON 26969P108   9,017,135 48,370 SH   SOLE   48,370 0 0
EXXON MOBIL CORP COMMON 30231G102   6,188,325 57,700 SH   SOLE   57,700 0 0
GENTEX CORP COMMON 371901109   7,500,977 256,356 SH   SOLE   256,356 0 0
GILEAD SCIENCES INC COMMON 375558103   6,771,678 87,864 SH   SOLE   87,864 0 0
HENRY SCHEIN INC COM 806407102   16,455,514 202,904 SH   SOLE   202,904 0 0
INTEL CORP COMMON 458140100   12,758,430 381,532 SH   SOLE   381,532 0 0
IPG PHOTONICS CORP COMMON 44980X109   15,535,635 114,384 SH   SOLE   114,384 0 0
JOHNSON & JOHNSON COMMON 478160104   8,872,534 53,604 SH   SOLE   53,604 0 0
MARKEL GROUP INC COMMON 570535104   17,277,301 12,491 SH   SOLE   12,491 0 0
MARTIN MARIETTA MATL COMMON 573284106   4,333,422 9,386 SH   SOLE   9,386 0 0
META PLATFORMS INC COM USD0.000006 CL A 30303M102   21,757,102 75,814 SH   SOLE   75,814 0 0
MSC INDL DIRECT INC CLASS A 553530106   14,525,627 152,452 SH   SOLE   152,452 0 0
PRICE T ROWE GROUP COM 74144T108   16,790,566 149,889 SH   SOLE   149,889 0 0
QUALCOMM INC COMMON 747525103   6,034,852 50,696 SH   SOLE   50,696 0 0
RTX CORPORATION COM USD1 75513E101   16,645,363 169,920 SH   SOLE   169,920 0 0
RYANAIR HLDGS PLC ADR EACH REPR 5 ORD 783513203   283,466,915 2,562,992 SH   SOLE   1,372,042 0 1,190,950
SAMSUNG ELECTRONIC GDR REP 1/2 ORD REGS 796050888   341,327,448 246,268 SH   SOLE   159,049 0 87,219
WALGREENS BOOTS ALNC COMMON 931427108   12,225,800 429,126 SH   SOLE   429,126 0 0
WALT DISNEY CO COM 254687106   17,555,305 196,632 SH   SOLE   196,632 0 0
WELLS FARGO & CO COMMON 949746101   8,543,000 200,164 SH   SOLE   200,164 0 0
STATE BK OF INDIA GDR(2 INR10 REG S) 856552203   10,067,762 143,620 SH   SOLE   0 0 143,620