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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | ALPHABET INC | $34.3M | 119450 | 30.35% |
| 2 | BERKSHIRE HATHAWAY INC DEL | $19.9M | 41450 | 17.55% |
| 3 | VISA INC | $19.7M | 65150 | 17.40% |
| 4 | CHAIN BRIDGE BANCORP INC | $10.8M | 308612 | 9.52% |
| 5 | MASTERCARD INCORPORATED | $9.0M | 18100 | 7.99% |
| 6 | S&P GLOBAL INC | $5.1M | 12000 | 4.51% |
| 7 | HEICO CORP NEW | $3.5M | 16500 | 3.08% |
| 8 | RLI CORP | $2.0M | 35000 | 1.76% |
| 9 | MOODYS CORP | $2.0M | 4500 | 1.73% |
| 10 | BERKSHIRE HATHAWAY INC DEL | $1.4M | 2 | 1.27% |
| 11 | KINSALE CAP GROUP INC | $1.4M | 4000 | 1.21% |
| 12 | INTL GNRL INSURANCE HLDNGS L | $1.3M | 55400 | 1.19% |
| 13 | PROGRESSIVE CORP | $1.3M | 6500 | 1.14% |
| 14 | AMPHENOL CORP | $884K | 7000 | 0.78% |
| 15 | CAPITAL BANCORP INC MD | $580K | 19504 | 0.51% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.