Asset allocation
Distribution
| Type | % Net assets | % Short | % Long |
|---|---|---|---|
| US stock | 85.31% | 0.00% | 85.31% |
| Non-US stock | 13.59% | 0.00% | 13.59% |
| Cash | 1.09% | 0.01% | 1.10% |
| US bond | 0.00% | 0.00% | 0.00% |
| Non-US bond | 0.00% | 0.00% | 0.00% |
| Other | 0.00% | 0.00% | 0.00% |
As of Dec 31 2025
Weightings
Sectors
- Sectors
- Regions
| Sector | % Net assets | Category average |
|---|---|---|
| Industrials | 30.01% | 9.25% |
| Financial Services | 27.78% | 13.48% |
| Technology | 13.09% | 31.83% |
| Consumer Cyclical | 11.44% | 9.88% |
| Basic Materials | 7.78% | 1.91% |
| Consumer Defensive | 4.61% | 4.62% |
| Healthcare | 2.63% | 10.02% |
| Real Estate | 1.56% | 1.57% |
| Other | 0.00% | 14.68% |
| Energy | 0.00% | 2.76% |
As of Dec 31 2025. Sectors weighting is calculated using only long position holdings of the portfolio.
Top 10 holdings
| Top 10 holdings as a per cent of portfolio | |||
|---|---|---|---|
| 53.73% | 50.51% | 0.00% | 50.51% |
| Category average | % Net assets | % Short | % Long |
| Company | 1 year change | Portfolio weight | Long allocation |
|---|---|---|---|
| Constellation Software Inc CSU:TOR | -52.50% | 6.38% | |
| Markel Group Inc MKL:NYQ | +8.70% | 5.76% | |
| NVR Inc NVR:NYQ | +2.26% | 5.61% | |
| Progressive Corp PGR:NYQ | -21.97% | 5.45% | |
| Paccar Inc PCAR:NSQ | +20.65% | 4.97% | |
| M&T Bank Corp MTB:NYQ | +16.01% | 4.66% | |
| Linde PLC LIN:NSQ | +4.33% | 4.64% | |
| Amphenol Corp APH:NYQ | +111.50% | 4.38% | |
| Expeditors International of Washington Inc EXPD:NYQ | +29.95% | 4.37% | |
| Berkshire Hathaway Inc BRK.B:NYQ | +3.55% | 4.29% | |
| Per cent of portfolio in top 10 holdings: 50.51% |
