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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL | $8.17B | 17,048,304 | 25.80% |
| 2 | WASTE MGMT INC DEL | $6.35B | 27,642,344 | 20.06% |
| 3 | CANADIAN NATL RY CO | $5.33B | 51,826,786 | 16.82% |
| 4 | CATERPILLAR INC | $4.50B | 6,353,614 | 14.22% |
| 5 | DEERE & CO | $2.00B | 3,557,378 | 6.33% |
| 6 | ECOLAB INC | $1.39B | 5,218,044 | 4.38% |
| 7 | WALMART INC | $1.04B | 8,390,477 | 3.29% |
| 8 | FEDEX CORP | $849.3M | 2,384,362 | 2.68% |
| 9 | COCA-COLA FEMSA SAB DE CV | $606.2M | 6,214,719 | 1.91% |
| 10 | WASTE CONNECTIONS INC | $331.2M | 2,039,175 | 1.05% |
| 11 | MADISON SQUARE GRDN SPRT COR | $190.4M | 592,406 | 0.60% |
| 12 | COUPANG INC | $174.6M | 9,248,045 | 0.55% |
| 13 | ANHEUSER BUSCH INBEV SA NV | $118.1M | 1,703,000 | 0.37% |
| 14 | PACCAR INC | $115.5M | 1,000,000 | 0.36% |
| 15 | WEST PHARMACEUTICAL SVSC INC | $111.4M | 444,500 | 0.35% |
| 16 | MCDONALDS CORP | $104.1M | 334,900 | 0.33% |
| 17 | SCHRODINGER INC | $79.3M | 6,981,664 | 0.25% |
| 18 | DANAHER CORP DEL | $70.7M | 373,000 | 0.22% |
| 19 | KRAFT HEINZ CO | $55.6M | 2,472,600 | 0.18% |
| 20 | HORMEL FOODS CORP | $47.2M | 2,085,290 | 0.15% |
| 21 | ON HLDG AG | $17.0M | 500,000 | 0.05% |
| 22 | VERALTO CORP | $11.0M | 124,333 | 0.03% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.