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
3M CO COM 88579Y101   8,513,910 81,000 SH   SOLE   81,000 0 0
3M CO COM 88579Y101   22,362,153 212,750 SH   DFND 1 212,750 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101   286 1 SH   SOLE   1 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101   45,557,828 159,399 SH   DFND 1 159,399 0 0
ACTIVISION BLIZZARD INC COM 00507V109   154,062 1,800 SH   SOLE   1,800 0 0
ACTIVISION BLIZZARD INC COM 00507V109   55,530,792 648,800 SH   DFND 1 648,800 0 0
ALLSTATE CORP COM 020002101   14,244,626 128,550 SH   DFND 1 128,550 0 0
ALPHABET INC CAP STK CL A 02079K305   7,468,560 72,000 SH   SOLE   72,000 0 0
ALPHABET INC CAP STK CL A 02079K305   47,819,530 461,000 SH   DFND 1 461,000 0 0
ALPHABET INC CAP STK CL C 02079K107   30,911,920 297,230 SH   SOLE   297,230 0 0
ALPHABET INC CAP STK CL C 02079K107   255,073,520 2,452,630 SH   DFND 1 2,452,630 0 0
AMAZON COM INC COM 023135106   15,331,541 148,432 SH   SOLE   148,432 0 0
AMAZON COM INC COM 023135106   192,215,253 1,860,928 SH   DFND 1 1,860,928 0 0
AMERICAN EXPRESS CO COM 025816109   1,649,500 10,000 SH   SOLE   10,000 0 0
AMERICAN EXPRESS CO COM 025816109   78,227,538 474,250 SH   DFND 1 474,250 0 0
AMERICAN TOWER CORP NEW COM 03027X100   204,340 1,000 SH   SOLE   1,000 0 0
AMERICAN TOWER CORP NEW COM 03027X100   10,402,949 50,910 SH   DFND 1 50,910 0 0
ANALOG DEVICES INC COM 032654105   2,169,420 11,000 SH   SOLE   11,000 0 0
ANALOG DEVICES INC COM 032654105   217,942,104 1,105,071 SH   DFND 1 1,105,071 0 0
AON PLC SHS CL A G0403H108   472,935 1,500 SH   SOLE   1,500 0 0
AON PLC SHS CL A G0403H108   26,815,416 85,050 SH   DFND 1 85,050 0 0
APOLLO GLOBAL MGMT INC COM 03769M106   1,421,100 22,500 SH   SOLE   22,500 0 0
APOLLO GLOBAL MGMT INC COM 03769M106   62,528,400 990,000 SH   DFND 1 990,000 0 0
APPLE INC COM 037833100   7,948,180 48,200 SH   SOLE   48,200 0 0
APPLE INC COM 037833100   191,084,472 1,158,790 SH   DFND 1 1,158,790 0 0
ARCHER DANIELS MIDLAND CO COM 039483102   13,600,113 170,727 SH   SOLE   170,727 0 0
ARCHER DANIELS MIDLAND CO COM 039483102   102,966,364 1,292,573 SH   DFND 1 1,292,573 0 0
BALL CORP COM 058498106   2,810,610 51,000 SH   DFND 1 51,000 0 0
BANK NEW YORK MELLON CORP COM 064058100   16,596,960 365,250 SH   DFND 1 365,250 0 0
BERKLEY W R CORP COM 084423102   2,521,530 40,500 SH   DFND 1 40,500 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108   274,704,000 590 SH   SOLE   590 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108   243,974,400 524 SH   DFND 1 524 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   341,024,114 1,104,460 SH   SOLE   1,104,460 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   132,002,571 427,511 SH   DFND 1 427,511 0 0
BLACKROCK INC COM 09247X101   8,029,440 12,000 SH   SOLE   12,000 0 0
BLACKROCK INC COM 09247X101   139,310,784 208,200 SH   DFND 1 208,200 0 0
BLACKSTONE INC COM 09260D107   3,030,480 34,500 SH   SOLE   34,500 0 0
BLACKSTONE INC COM 09260D107   104,924,880 1,194,500 SH   DFND 1 1,194,500 0 0
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105   40,523,729 1,238,500 SH   SOLE   1,238,500 0 0
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105   31,262,576 955,458 SH   DFND 1 955,458 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   103,379,977 3,172,138 SH   SOLE   3,172,138 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   180,666,021 5,543,603 SH   DFND 1 5,543,603 0 0
BROOKFIELD REINS LTD CL A EXCH LT VTG G16250105   813,750 24,674 SH   SOLE   24,674 0 0
BROOKFIELD REINS LTD CL A EXCH LT VTG G16250105   1,168,383 35,427 SH   DFND 1 35,427 0 0
BROWN FORMAN CORP CL A 115637100   10,730,274 164,600 SH   SOLE   164,600 0 0
BROWN FORMAN CORP CL A 115637100   44,224,897 678,400 SH   DFND 1 678,400 0 0
BROWN FORMAN CORP CL B 115637209   9,344,858 145,400 SH   SOLE   145,400 0 0
BROWN FORMAN CORP CL B 115637209   21,131,141 328,787 SH   DFND 1 328,787 0 0
CABLE ONE INC COM 12685J105   18,743,400 26,700 SH   DFND 1 26,700 0 0
CAPITAL ONE FINL CORP COM 14040H105   721,200 7,500 SH   SOLE   7,500 0 0
CAPITAL ONE FINL CORP COM 14040H105   3,702,160 38,500 SH   DFND 1 38,500 0 0
CARLYLE GROUP INC COM 14316J108   1,382,170 44,500 SH   SOLE   44,500 0 0
CARLYLE GROUP INC COM 14316J108   39,834,450 1,282,500 SH   DFND 1 1,282,500 0 0
CARMAX INC COM 143130102   449,960 7,000 SH   SOLE   7,000 0 0
CARMAX INC COM 143130102   3,149,720 49,000 SH   DFND 1 49,000 0 0
CARRIER GLOBAL CORPORATION COM 14448C104   2,497,950 54,600 SH   SOLE   54,600 0 0
CARRIER GLOBAL CORPORATION COM 14448C104   8,253,300 180,400 SH   DFND 1 180,400 0 0
CATERPILLAR INC COM 149123101   2,288,629 10,001 SH   SOLE   10,001 0 0
CATERPILLAR INC COM 149123101   63,502,872 277,499 SH   DFND 1 277,499 0 0
CELANESE CORP DEL COM 150870103   653,340 6,000 SH   SOLE   6,000 0 0
CELANESE CORP DEL COM 150870103   6,184,952 56,800 SH   DFND 1 56,800 0 0
CISCO SYS INC COM 17275R102   7,736,700 148,000 SH   SOLE   148,000 0 0
CISCO SYS INC COM 17275R102   10,141,350 194,000 SH   DFND 1 194,000 0 0
COMCAST CORP NEW CL A 20030N101   5,042,030 133,000 SH   SOLE   133,000 0 0
COMCAST CORP NEW CL A 20030N101   33,084,663 872,716 SH   DFND 1 872,716 0 0
COSTAR GROUP INC COM 22160N109   1,280,610 18,600 SH   DFND 1 18,600 0 0
COSTCO WHSL CORP NEW COM 22160K105   19,452,461 39,150 SH   DFND 1 39,150 0 0
CRACKER BARREL OLD CTRY STOR COM 22410J106   681,600 6,000 SH   SOLE   6,000 0 0
CRACKER BARREL OLD CTRY STOR COM 22410J106   11,814,400 104,000 SH   DFND 1 104,000 0 0
CROWN HLDGS INC COM 228368106   248,130 3,000 SH   SOLE   3,000 0 0
CROWN HLDGS INC COM 228368106   15,301,350 185,000 SH   DFND 1 185,000 0 0
CVS HEALTH CORP COM 126650100   148,620 2,000 SH   SOLE   2,000 0 0
CVS HEALTH CORP COM 126650100   24,522,300 330,000 SH   DFND 1 330,000 0 0
DEERE & CO COM 244199105   312,054,704 755,800 SH   DFND 1 755,800 0 0
DIAGEO PLC SPON ADR NEW 25243Q205   106,047,191 585,314 SH   SOLE   585,314 0 0
DIAGEO PLC SPON ADR NEW 25243Q205   138,583,495 764,894 SH   DFND 1 764,894 0 0
DISNEY WALT CO COM 254687106   45,482,751 454,237 SH   SOLE   454,237 0 0
DISNEY WALT CO COM 254687106   156,646,175 1,564,428 SH   DFND 1 1,564,428 0 0
DOLLAR GEN CORP NEW COM 256677105   736,610 3,500 SH   SOLE   3,500 0 0
DOLLAR GEN CORP NEW COM 256677105   58,034,345 275,750 SH   DFND 1 275,750 0 0
DUN & BRADSTREET HLDGS INC COM 26484T106   939,200 80,000 SH   DFND 1 80,000 0 0
EASTMAN CHEM CO COM 277432100   337,360 4,000 SH   SOLE   4,000 0 0
EASTMAN CHEM CO COM 277432100   3,875,423 45,950 SH   DFND 1 45,950 0 0
ECOLAB INC COM 278865100   3,807,190 23,000 SH   SOLE   23,000 0 0
ECOLAB INC COM 278865100   41,597,689 251,300 SH   DFND 1 251,300 0 0
ELECTRONIC ARTS INC COM 285512109   9,732,360 80,800 SH   DFND 1 80,800 0 0
EQUIFAX INC COM 294429105   17,819,494 87,850 SH   DFND 1 87,850 0 0
ESAB CORPORATION COM 29605J106   20,577,389 348,356 SH   DFND 1 348,356 0 0
FACTSET RESH SYS INC COM 303075105   9,547,070 23,000 SH   SOLE   23,000 0 0
FACTSET RESH SYS INC COM 303075105   38,902,235 93,720 SH   DFND 1 93,720 0 0
FEDEX CORP COM 31428X106   913,960 4,000 SH   SOLE   4,000 0 0
FEDEX CORP COM 31428X106   26,504,840 116,000 SH   DFND 1 116,000 0 0
GARTNER INC COM 366651107   1,856,889 5,700 SH   DFND 1 5,700 0 0
GENERAL DYNAMICS CORP COM 369550108   10,041,240 44,000 SH   SOLE   44,000 0 0
GENERAL DYNAMICS CORP COM 369550108   79,188,870 347,000 SH   DFND 1 347,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104   7,736,152 23,650 SH   SOLE   23,650 0 0
GOLDMAN SACHS GROUP INC COM 38141G104   109,814,098 335,710 SH   DFND 1 335,710 0 0
GRAHAM HLDGS CO COM CL B 384637104   3,098,368 5,200 SH   DFND 1 5,200 0 0
HAGERTY INC CL A COM 405166909   26,220,000 3,000,000 SH   SOLE   3,000,000 0 0
HAGERTY INC W EXP 12/02/2027 405166117   1,225,746 540,000 SH   SOLE   540,000 0 0
HANOVER INS GROUP INC COM 410867105   771,000 6,000 SH   SOLE   6,000 0 0
HANOVER INS GROUP INC COM 410867105   16,962,000 132,000 SH   DFND 1 132,000 0 0
HEALTHCARE SVCS GROUP INC COM 421906108   7,045,960 508,000 SH   DFND 1 508,000 0 0
HEICO CORP NEW CL A 422806208   1,658,252 12,202 SH   SOLE   12,202 0 0
HEICO CORP NEW CL A 422806208   48,712,268 358,442 SH   DFND 1 358,442 0 0
HEXCEL CORP NEW COM 428291108   2,593,500 38,000 SH   SOLE   38,000 0 0
HEXCEL CORP NEW COM 428291108   10,305,750 151,000 SH   DFND 1 151,000 0 0
HOME DEPOT INC COM 437076102   81,720,499 276,906 SH   SOLE   276,906 0 0
HOME DEPOT INC COM 437076102   189,789,902 643,094 SH   DFND 1 643,094 0 0
ILLINOIS TOOL WKS INC COM 452308109   4,102,376 16,851 SH   SOLE   16,851 0 0
ILLINOIS TOOL WKS INC COM 452308109   75,627,500 310,649 SH   DFND 1 310,649 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104   3,449,601 33,077 SH   DFND 1 33,077 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101   2,115,080 23,000 SH   DFND 1 23,000 0 0
INTUIT COM 461202103   1,212,657 2,720 SH   DFND 1 2,720 0 0
INVESTORS TITLE CO NC COM 461804106   32,208,300 213,300 SH   DFND 1 213,300 0 0
IQVIA HLDGS INC COM 46266C105   2,915,528 14,659 SH   DFND 1 14,659 0 0
JOHNSON & JOHNSON COM 478160104   4,140,825 26,715 SH   SOLE   26,715 0 0
JOHNSON & JOHNSON COM 478160104   90,533,175 584,085 SH   DFND 1 584,085 0 0
JPMORGAN CHASE & CO COM 46625H100   28,218,632 216,550 SH   DFND 1 216,550 0 0
KKR & CO INC COM 48251W104   945,360 18,000 SH   SOLE   18,000 0 0
KKR & CO INC COM 48251W104   74,001,888 1,409,023 SH   DFND 1 1,409,023 0 0
LAMAR ADVERTISING CO NEW CL A 512816109   849,065 8,500 SH   DFND 1 8,500 0 0
LIBERTY BROADBAND CORP COM SER A 530307107   1,786,110 21,750 SH   SOLE   21,750 0 0
LIBERTY BROADBAND CORP COM SER A 530307107   15,069,020 183,500 SH   DFND 1 183,500 0 0
LIBERTY BROADBAND CORP COM SER C 530307305   3,337,691 40,853 SH   SOLE   40,853 0 0
LIBERTY BROADBAND CORP COM SER C 530307305   10,723,943 131,260 SH   DFND 1 131,260 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104   58,500 3,000 SH   SOLE   3,000 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104   3,432,000 176,000 SH   DFND 1 176,000 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409   1,460,680 52,000 SH   SOLE   52,000 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409   10,505,660 374,000 SH   DFND 1 374,000 0 0
LIBERTY MEDIA CORP DEL COM C SIRIUSXM 531229607   3,750,660 134,000 SH   SOLE   134,000 0 0
LIBERTY MEDIA CORP DEL COM C SIRIUSXM 531229607   10,860,120 388,000 SH   DFND 1 388,000 0 0
LINDE PLC SHS G54950103   2,630,256 7,400 SH   SOLE   7,400 0 0
LINDE PLC SHS G54950103   34,655,400 97,500 SH   DFND 1 97,500 0 0
LOCKHEED MARTIN CORP COM 539830109   26,644,482 56,363 SH   DFND 1 56,363 0 0
LOWES COS INC COM 548661107   12,347,748 61,748 SH   SOLE   61,748 0 0
LOWES COS INC COM 548661107   111,529,668 557,732 SH   DFND 1 557,732 0 0
LPL FINL HLDGS INC COM 50212V100   463,294 2,289 SH   SOLE   2,289 0 0
LPL FINL HLDGS INC COM 50212V100   3,517,914 17,381 SH   DFND 1 17,381 0 0
MARSH & MCLENNAN COS INC COM 571748102   3,414,275 20,500 SH   SOLE   20,500 0 0
MARSH & MCLENNAN COS INC COM 571748102   104,926,501 630,000 SH   DFND 1 630,000 0 0
MARVELL TECHNOLOGY INC COM 573874104   6,928,000 160,000 SH   DFND 1 160,000 0 0
MASTERCARD INCORPORATED CL A 57636Q104   7,262,385 19,984 SH   SOLE   19,984 0 0
MASTERCARD INCORPORATED CL A 57636Q104   68,159,726 187,556 SH   DFND 1 187,556 0 0
META PLATFORMS INC CL A 30303M102   4,580,023 21,610 SH   SOLE   21,610 0 0
META PLATFORMS INC CL A 30303M102   46,769,013 220,671 SH   DFND 1 220,671 0 0
MICROSOFT CORP COM 594918104   6,809,358 23,619 SH   SOLE   23,619 0 0
MICROSOFT CORP COM 594918104   131,568,878 456,361 SH   DFND 1 456,361 0 0
MOODYS CORP COM 615369105   6,455,798 21,096 SH   SOLE   21,096 0 0
MOODYS CORP COM 615369105   58,998,820 192,794 SH   DFND 1 192,794 0 0
MSCI INC COM 55354G100   559,690 1,000 SH   SOLE   1,000 0 0
MSCI INC COM 55354G100   79,392,026 141,850 SH   DFND 1 141,850 0 0
NIKE INC CL B 654106103   5,641,440 46,000 SH   SOLE   46,000 0 0
NIKE INC CL B 654106103   39,600,456 322,900 SH   DFND 1 322,900 0 0
NORFOLK SOUTHN CORP COM 655844108   6,148,000 29,000 SH   SOLE   29,000 0 0
NORFOLK SOUTHN CORP COM 655844108   42,506,000 200,500 SH   DFND 1 200,500 0 0
NOVO-NORDISK A S ADR 670100205   94,834,709 595,920 SH   SOLE   595,920 0 0
NOVO-NORDISK A S ADR 670100205   76,240,792 479,080 SH   DFND 1 479,080 0 0
NVR INC COM 62944T105   975,133 175 SH   SOLE   175 0 0
NVR INC COM 62944T105   56,217,825 10,089 SH   DFND 1 10,089 0 0
O-I GLASS INC COM 67098H104   10,648,719 468,900 SH   DFND 1 468,900 0 0
OLD DOMINION FREIGHT LINE IN COM 679580100   1,022,520 3,000 SH   SOLE   3,000 0 0
OLD DOMINION FREIGHT LINE IN COM 679580100   16,189,900 47,500 SH   DFND 1 47,500 0 0
OTIS WORLDWIDE CORP COM 68902V107   2,304,120 27,300 SH   SOLE   27,300 0 0
OTIS WORLDWIDE CORP COM 68902V107   7,369,808 87,320 SH   DFND 1 87,320 0 0
PAYCHEX INC COM 704326107   8,021,300 70,000 SH   SOLE   70,000 0 0
PAYCHEX INC COM 704326107   9,167,200 80,000 SH   DFND 1 80,000 0 0
PAYPAL HLDGS INC COM 70450Y103   746,642 9,832 SH   SOLE   9,832 0 0
PAYPAL HLDGS INC COM 70450Y103   3,800,417 50,045 SH   DFND 1 50,045 0 0
PEPSICO INC COM 713448108   17,539,083 96,210 SH   DFND 1 96,210 0 0
PHILIP MORRIS INTL INC COM 718172109   11,135,125 114,500 SH   DFND 1 114,500 0 0
PRICE T ROWE GROUP INC COM 74144T108   3,612,800 32,000 SH   SOLE   32,000 0 0
PRICE T ROWE GROUP INC COM 74144T108   31,837,800 282,000 SH   DFND 1 282,000 0 0
PROGRESSIVE CORP COM 743315103   8,583,600 60,000 SH   SOLE   60,000 0 0
PROGRESSIVE CORP COM 743315103   99,247,875 693,750 SH   DFND 1 693,750 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101   5,346,978 54,600 SH   SOLE   54,600 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101   16,589,342 169,400 SH   DFND 1 169,400 0 0
RENAISSANCERE HLDGS LTD COM G7496G103   601,020 3,000 SH   SOLE   3,000 0 0
RENAISSANCERE HLDGS LTD COM G7496G103   4,207,140 21,000 SH   DFND 1 21,000 0 0
RLI CORP COM 749607107   12,822,492 96,475 SH   SOLE   96,475 0 0
RLI CORP COM 749607107   146,306,929 1,100,797 SH   DFND 1 1,100,797 0 0
ROCKWELL AUTOMATION INC COM 773903109   2,318,255 7,900 SH   SOLE   7,900 0 0
ROCKWELL AUTOMATION INC COM 773903109   43,137,150 147,000 SH   DFND 1 147,000 0 0
ROLLINS INC COM 775711104   2,344,687 62,475 SH   SOLE   62,475 0 0
ROLLINS INC COM 775711104   47,242,765 1,258,800 SH   DFND 1 1,258,800 0 0
S&P GLOBAL INC COM 78409V104   344,770 1,000 SH   SOLE   1,000 0 0
S&P GLOBAL INC COM 78409V104   51,608,622 149,690 SH   DFND 1 149,690 0 0
SCHWAB CHARLES CORP COM 808513105   6,757,020 129,000 SH   SOLE   129,000 0 0
SCHWAB CHARLES CORP COM 808513105   54,353,259 1,037,672 SH   DFND 1 1,037,672 0 0
SCOTTS MIRACLE-GRO CO CL A 810186106   627,660 9,000 SH   SOLE   9,000 0 0
SCOTTS MIRACLE-GRO CO CL A 810186106   9,814,859 140,735 SH   DFND 1 140,735 0 0
SEI INVTS CO COM 784117103   3,395,450 59,000 SH   SOLE   59,000 0 0
SEI INVTS CO COM 784117103   30,513,010 530,200 SH   DFND 1 530,200 0 0
SHERWIN WILLIAMS CO COM 824348106   21,167,041 94,172 SH   DFND 1 94,172 0 0
SHOPIFY INC CL A 82509L107   4,925,835 102,750 SH   DFND 1 102,750 0 0
SKYWARD SPECIALTY INS GROUP COM 830940102   1,313,600 60,064 SH   DFND 1 60,064 0 0
SONY GROUP CORPORATION SPONSORED ADR 835699307   911,667 10,057 SH   SOLE   10,057 0 0
SONY GROUP CORPORATION SPONSORED ADR 835699307   8,617,552 95,064 SH   DFND 1 95,064 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102   3,460,758 25,900 SH   DFND 1 25,900 0 0
STARBUCKS CORP COM 855244109   4,217,265 40,500 SH   SOLE   40,500 0 0
STARBUCKS CORP COM 855244109   51,213,009 491,818 SH   DFND 1 491,818 0 0
STERICYCLE INC COM 858912108   1,090,250 25,000 SH   SOLE   25,000 0 0
STERICYCLE INC COM 858912108   28,175,156 646,071 SH   DFND 1 646,071 0 0
TARGET CORP COM 87612E106   1,242,225 7,500 SH   SOLE   7,500 0 0
TARGET CORP COM 87612E106   3,892,305 23,500 SH   DFND 1 23,500 0 0
TEXAS INSTRS INC COM 882508104   186 1 SH   SOLE   1 0 0
TEXAS INSTRS INC COM 882508104   134,671,054 723,999 SH   DFND 1 723,999 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102   4,726,235 8,200 SH   DFND 1 8,200 0 0
TRANSUNION COM 89400J107   186,420 3,000 SH   SOLE   3,000 0 0
TRANSUNION COM 89400J107   6,092,827 98,050 SH   DFND 1 98,050 0 0
TYSON FOODS INC CL A 902494103   593,200 10,000 SH   SOLE   10,000 0 0
TYSON FOODS INC CL A 902494103   23,905,960 403,000 SH   DFND 1 403,000 0 0
UNION PAC CORP COM 907818108   2,233,986 11,100 SH   SOLE   11,100 0 0
UNION PAC CORP COM 907818108   15,029,694 74,678 SH   DFND 1 74,678 0 0
VERISK ANALYTICS INC COM 92345Y106   479,650 2,500 SH   SOLE   2,500 0 0
VERISK ANALYTICS INC COM 92345Y106   19,186,000 100,000 SH   DFND 1 100,000 0 0
VISA INC COM CL A 92826C839   17,168,779 76,150 SH   SOLE   76,150 0 0
VISA INC COM CL A 92826C839   200,246,808 888,170 SH   DFND 1 888,170 0 0
VONTIER CORPORATION COM 928881101   3,030,720 110,853 SH   DFND 1 110,853 0 0
WATSCO INC COM 942622200   13,235,456 41,600 SH   SOLE   41,600 0 0
WATSCO INC COM 942622200   154,991,644 487,150 SH   DFND 1 487,150 0 0
WELLS FARGO CO NEW COM 949746101   1,196,160 32,000 SH   SOLE   32,000 0 0
WELLS FARGO CO NEW COM 949746101   6,446,181 172,450 SH   DFND 1 172,450 0 0
WHIRLPOOL CORP COM 963320106   690,465 5,230 SH   SOLE   5,230 0 0
WHIRLPOOL CORP COM 963320106   36,545,644 276,819 SH   DFND 1 276,819 0 0
WILLIS TOWERS WATSON PLC LTD SHS G96629103   2,004,742 8,627 SH   DFND 1 8,627 0 0