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
Estimated average burden
hours per response: 23.8
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
ALPHABET INC CAP STK CL A 02079K305   1,380,141 11,530 SH   SOLE   10,930 0 600
ALPHABET INC CAP STK CL C 02079K107   24,197,871 200,032 SH   SOLE   144,495 0 55,537
AMERICAN TOWER CORP NEW COM 03027X100   65,689,999 338,713 SH   SOLE   316,480 0 22,233
AMERICAN WOODMARK CORPORATIO COM 030506109   42,247,502 553,195 SH   SOLE   531,160 0 22,035
AON PLC SHS CL A G0403H108   79,087,736 229,107 SH   SOLE   211,316 0 17,791
APPLIED MATLS INC COM 038222105   39,748,066 274,997 SH   SOLE   246,386 0 28,611
AST SPACEMOBILE INC COM CL A 00217D100   10,733,757 2,283,778 SH   SOLE   2,209,783 0 73,995
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105   16,292,224 499,302 SH   SOLE   466,813 0 32,489
BROOKFIELD CORP CL A LTD VT SH 11271J107   66,643,758 1,980,498 SH   SOLE   1,850,496 0 130,002
BROOKFIELD REINS LTD CL A EXCH LT VTG G16250105   532,313 15,721 SH   SOLE   15,721 0 0
CARMAX INC COM 143130102   71,620,249 855,678 SH   SOLE   805,778 0 49,900
CDW CORP COM 12514G108   39,072,839 212,931 SH   SOLE   200,656 0 12,275
COGENT COMMUNICATIONS HLDGS COM NEW 19239V302   27,880,468 414,333 SH   SOLE   385,497 0 28,836
DANAHER CORPORATION COM 235851102   4,993,200 20,805 SH   SOLE   20,805 0 0
DISNEY WALT CO COM 254687106   8,692,703 97,365 SH   SOLE   71,689 0 25,676
ENCORE CAP GROUP INC COM 292554102   60,769,895 1,249,895 SH   SOLE   1,191,765 0 58,130
HILTON WORLDWIDE HLDGS INC COM 43300A203   5,760,723 39,579 SH   SOLE   39,579 0 0
MARKEL CORP COM 570535104   71,623,827 51,782 SH   SOLE   48,312 0 3,470
NVR INC COM 62944T105   23,395,684 3,684 SH   SOLE   3,325 0 359
OREILLY AUTOMOTIVE INC COM 67103H107   64,232,461 67,238 SH   SOLE   62,786 0 4,452
RH COM 74967X103   45,630,088 138,445 SH   SOLE   131,908 0 6,537
SHENANDOAH TELECOMMUNICATION COM 82312B106   19,898,282 1,024,101 SH   SOLE   962,333 0 61,768
SS&C TECHNOLOGIES HLDGS INC COM 78467J100   42,821,414 706,624 SH   SOLE   668,252 0 38,372
TRANSDIGM GROUP INC COM 893641100   7,933,970 8,873 SH   SOLE   8,873 0 0
WARNER MUSIC GROUP CORP COM CL A 934550203   4,320,530 165,601 SH   SOLE   165,601 0 0