Francois Rochon

Giverny Capital · 20 closed periods in the current 5-year detail window (latest closed period: Q1 2026 → next disclosure, 51 priced positions, +9.74% return). Every disclosed long-equity position appears in the table for its period; the Valid column shows 1 (counted in the math) or 0 (excluded — hover the row for the reason). See the methodology for the exact math.

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2026-05-15 → 2026-08-14

51 of 51 priced100.00% coverage

+9.74%

Holdings from Q1 2026 disclosure · accession 0001641864-26-000004 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	378,625	$482.70	—	$504.03	$182.76M	$190.84M	+4.42%	6.64%	+29.4 bps	1
GOOGTOP 5	620,909	$393.32	—	$343.54	$244.22M	$213.31M	-12.66%	6.52%	-82.5 bps	1
METATOP 5	307,821	$614.23	—	$589.85	$189.07M	$181.57M	-3.97%	6.45%	-25.6 bps	1
HEI-ATOP 5	738,482	$216.35	—	$274.99	$159.77M	$203.08M	+27.10%	5.71%	+154.7 bps	1
SCHWTOP 5	1,536,206	$90.88	—	$111.09	$139.61M	$170.66M	+22.24%	5.29%	+117.5 bps	1
FIVE	617,191	$213.64	—	$244.54	$131.86M	$150.93M	+14.46%	5.16%	+74.7 bps	1
AME	612,058	$227.90	—	$254.79	$139.49M	$155.95M	+11.80%	4.80%	+56.7 bps	1
MEDP	256,081	$415.27	—	$578.50	$106.34M	$148.14M	+39.31%	4.50%	+177.0 bps	1
V	396,357	$325.75	—	$364.15	$129.11M	$144.33M	+11.79%	4.39%	+51.7 bps	1
IBP	403,665	$209.19	—	$240.23	$84.44M	$96.97M	+14.84%	3.92%	+58.1 bps	1
PGR	528,364	$199.73	—	$209.60	$105.53M	$110.75M	+4.94%	3.83%	+19.0 bps	1
GOOGL	348,469	$396.78	—	$345.90	$138.27M	$120.54M	-12.82%	3.67%	-47.0 bps	1
KEYS	323,184	$349.01	—	$357.82	$112.79M	$115.64M	+2.52%	3.34%	+8.4 bps	1
NVR	13,647	$5563.62	—	$6307.93	$75.93M	$86.08M	+13.38%	3.29%	+44.0 bps	1
BKNG	21,117	$3853.25	—	$5301.50	$81.37M	$111.95M	+37.59%	3.26%	+122.3 bps	1
ADP	419,090	$214.48	—	$272.96	$89.89M	$114.39M	+27.27%	3.12%	+85.0 bps	1
MKL	42,944	$1844.00	—	$1847.24	$79.19M	$79.33M	+0.18%	3.01%	+0.5 bps	1
KNSL	218,942	$311.29	—	$379.19	$68.15M	$83.02M	+21.81%	2.74%	+59.7 bps	1
BFAM	742,329	$68.58	—	$71.31	$50.91M	$52.94M	+3.98%	2.23%	+8.9 bps	1
OZK	1,231,059	$46.73	—	$52.49	$57.53M	$64.62M	+12.33%	2.07%	+25.5 bps	1
ADI	171,052	$417.49	—	$389.39	$71.41M	$66.61M	-6.73%	1.99%	-13.4 bps	1
ANET	423,361	$141.97	—	$198.82	$60.1M	$84.17M	+40.04%	1.90%	+76.2 bps	1
DIS	536,514	$102.72	—	$106.85	$55.11M	$57.33M	+4.02%	1.89%	+7.6 bps	1
RMD	230,005	$201.88	—	$224.46	$46.43M	$51.63M	+11.18%	1.89%	+21.1 bps	1
BRO	755,269	$56.28	—	$70.54	$42.51M	$53.28M	+25.34%	1.80%	+45.7 bps	1
LFUS	80,719	$446.11	—	$457.57	$36.01M	$36.93M	+2.57%	1.00%	+2.6 bps	1
LULU	142,600	$119.14	—	$119.55	$16.99M	$17.05M	+0.34%	0.80%	+0.3 bps	1
SUNB	270,843	$76.26	—	$84.80	$20.65M	$22.97M	+11.20%	0.65%	+7.2 bps	1
AAON	201,832	$135.49	—	$87.80	$27.35M	$17.72M	-35.20%	0.61%	-21.5 bps	1
JPM	52,298	$297.81	—	$362.84	$15.57M	$18.98M	+21.84%	0.56%	+12.3 bps	1
MA	28,066	$494.20	—	$569.29	$13.87M	$15.98M	+15.19%	0.51%	+7.8 bps	1
FND	231,829	$43.49	—	$58.57	$10.08M	$13.58M	+34.67%	0.43%	+15.0 bps	1
TWFG	552,107	$18.16	—	$26.77	$10.03M	$14.78M	+47.41%	0.37%	+17.6 bps	1
FERG	36,728	$223.82	—	$244.94	$8.22M	$9M	+9.44%	0.31%	+3.0 bps	1
BRK-A	11	$723821.00	—	$755570.00	$7.96M	$8.31M	+4.39%	0.29%	+1.3 bps	1
BLDR	91,813	$70.41	—	$72.51	$6.46M	$6.66M	+2.98%	0.28%	+0.8 bps	1
AAPL	15,040	$300.23	—	$305.93	$4.52M	$4.6M	+1.90%	0.14%	+0.3 bps	1
TSM	8,125	$404.35	—	$426.35	$3.29M	$3.46M	+5.44%	0.10%	+0.5 bps	1
YUMC	36,036	$45.51	—	$47.59	$1.64M	$1.71M	+4.57%	0.06%	+0.3 bps	1
GLD	3,876	$417.29	—	$401.48	$1.62M	$1.56M	-3.79%	0.06%	-0.2 bps	1
SPY	2,474	$739.17	—	$776.34	$1.83M	$1.92M	+5.03%	0.06%	+0.3 bps	1
MTB	7,535	$204.90	—	$254.09	$1.54M	$1.91M	+24.01%	0.06%	+1.4 bps	1
RSP	6,105	$201.56	—	$222.77	$1.23M	$1.36M	+10.52%	0.04%	+0.5 bps	1
QQQM	4,222	$291.89	—	$301.01	$1.23M	$1.27M	+3.12%	0.04%	+0.1 bps	1
ITB	10,854	$86.45	—	$98.78	$938.33K	$1.07M	+14.26%	0.04%	+0.5 bps	1
BIRK	27,392	$31.19	—	$39.35	$854.36K	$1.08M	+26.16%	0.04%	+0.9 bps	1
ODFL	5,006	$203.12	—	$210.97	$1.02M	$1.06M	+3.86%	0.04%	+0.1 bps	1
CPRT	27,484	$32.30	—	$31.61	$887.73K	$868.77K	-2.14%	0.03%	-0.1 bps	1
MSFT	1,910	$421.92	—	$495.40	$805.87K	$946.21K	+17.42%	0.03%	+0.5 bps	1
SITE	3,753	$117.50	—	$98.60	$440.98K	$370.05K	-16.09%	0.02%	-0.3 bps	1
NVO	12,400	$44.74	—	$45.89	$554.78K	$569.04K	+2.57%	0.02%	+0.0 bps	1
Top 5 (by entry value)(5)					$915.43M	$959.45M	+4.81%
Total(51)					$2.84B	$3.11B	+9.74%

2026-02-13 → 2026-05-15

50 of 50 priced100.00% coverage

-2.37%

Holdings from Q4 2025 disclosure · accession 0001641864-26-000002 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	505,984	$497.55	—	$482.70	$251.75M	$244.24M	-2.98%	8.48%	-25.3 bps	1
METATOP 5	313,449	$639.77	—	$614.23	$200.54M	$192.53M	-3.99%	6.90%	-27.6 bps	1
AMETOP 5	979,458	$229.76	—	$227.90	$225.04M	$223.22M	-0.81%	6.71%	-5.4 bps	1
GOOGTOP 5	639,507	$306.02	—	$393.32	$195.7M	$251.53M	+28.53%	6.69%	+191.0 bps	1
HEI-ATOP 5	754,532	$252.91	—	$216.35	$190.83M	$163.24M	-14.46%	6.35%	-91.8 bps	1
SCHW	1,585,661	$93.72	—	$90.88	$148.61M	$144.1M	-3.03%	5.28%	-16.0 bps	1
MEDP	263,320	$428.03	—	$415.27	$112.71M	$109.35M	-2.98%	4.93%	-14.7 bps	1
V	407,345	$314.08	—	$325.75	$127.94M	$132.69M	+3.72%	4.77%	+17.7 bps	1
IBP	519,236	$344.19	—	$209.19	$178.72M	$108.62M	-39.22%	4.49%	-176.2 bps	1
PGR	536,832	$204.53	—	$199.73	$109.8M	$107.22M	-2.35%	4.08%	-9.6 bps	1
FIVE	637,747	$205.93	—	$213.64	$131.33M	$136.25M	+3.74%	4.01%	+15.0 bps	1
BKNG	21,445	$4140.60	×25	$154.13	$88.8M	$82.63M	-6.94%	3.83%	-26.6 bps	1
GOOGL	361,398	$305.72	—	$396.78	$110.49M	$143.4M	+29.79%	3.77%	+112.4 bps	1
NVR	14,112	$7507.43	—	$5563.62	$105.94M	$78.51M	-25.89%	3.43%	-88.9 bps	1
MKL	43,978	$2061.88	—	$1844.00	$90.68M	$81.1M	-10.57%	3.15%	-33.3 bps	1
KNSL	214,264	$371.32	—	$311.29	$79.56M	$66.7M	-16.17%	2.80%	-45.2 bps	1
KEYS	334,046	$233.51	—	$349.01	$78M	$116.59M	+49.46%	2.26%	+112.0 bps	1
DIS	544,419	$105.45	—	$102.72	$57.41M	$55.92M	-2.59%	2.07%	-5.3 bps	1
BRO	772,520	$68.47	—	$56.28	$52.89M	$43.48M	-17.80%	2.05%	-36.6 bps	1
OZK	1,264,042	$49.48	—	$46.73	$62.54M	$59.07M	-5.56%	1.94%	-10.8 bps	1
RMD	235,388	$252.55	—	$201.88	$59.45M	$47.52M	-20.06%	1.89%	-37.9 bps	1
ANET	419,158	$141.59	—	$141.97	$59.35M	$59.51M	+0.27%	1.83%	+0.5 bps	1
ADI	176,747	$337.10	—	$417.49	$59.58M	$73.79M	+23.85%	1.60%	+38.1 bps	1
BFAM	410,196	$66.90	—	$68.58	$27.44M	$28.13M	+2.51%	1.39%	+3.5 bps	1
LULU	144,237	$176.42	—	$119.14	$25.45M	$17.18M	-32.47%	1.00%	-32.5 bps	1
LFUS	81,585	$359.55	—	$446.11	$29.33M	$36.4M	+24.07%	0.69%	+16.6 bps	1
JPM	51,838	$302.55	—	$297.81	$15.68M	$15.44M	-1.57%	0.56%	-0.9 bps	1
MA	28,759	$518.36	—	$494.20	$14.91M	$14.21M	-4.66%	0.55%	-2.6 bps	1
FND	235,876	$70.20	—	$43.49	$16.56M	$10.26M	-38.05%	0.48%	-18.2 bps	1
TWFG	331,511	$18.36	—	$18.16	$6.09M	$6.02M	-1.09%	0.32%	-0.3 bps	1
BLDR	89,984	$114.73	—	$70.41	$10.32M	$6.34M	-38.63%	0.31%	-11.9 bps	1
BRK-A	11	$751425.00	—	$723821.00	$8.27M	$7.96M	-3.67%	0.28%	-1.0 bps	1
FERG	36,374	$261.36	—	$223.82	$9.51M	$8.14M	-14.36%	0.27%	-3.9 bps	1
TSM	16,069	$366.36	—	$404.35	$5.89M	$6.5M	+10.37%	0.16%	+1.7 bps	1
AAPL	16,518	$255.78	—	$300.23	$4.22M	$4.96M	+17.38%	0.15%	+2.6 bps	1
COF	8,274	$207.37	—	$187.17	$1.72M	$1.55M	-9.74%	0.07%	-0.7 bps	1
YUMC	36,036	$55.42	—	$45.51	$2M	$1.64M	-17.88%	0.06%	-1.0 bps	1
SPY	2,474	$681.75	—	$739.17	$1.69M	$1.83M	+8.42%	0.06%	+0.5 bps	1
GLD	3,876	$462.62	—	$417.29	$1.79M	$1.62M	-9.80%	0.05%	-0.5 bps	1
MTB	7,540	$228.71	—	$204.90	$1.72M	$1.54M	-10.41%	0.05%	-0.5 bps	1
ITB	11,698	$113.57	—	$86.45	$1.33M	$1.01M	-23.88%	0.04%	-0.9 bps	1
BIRK	27,392	$39.80	—	$31.19	$1.09M	$854.36K	-21.63%	0.04%	-0.8 bps	1
CPRT	27,484	$37.49	—	$32.30	$1.03M	$887.73K	-13.84%	0.04%	-0.5 bps	1
MSFT	1,704	$401.32	—	$421.92	$683.85K	$718.95K	+5.13%	0.03%	+0.1 bps	1
ODFL	5,255	$193.21	—	$203.12	$1.02M	$1.07M	+5.13%	0.03%	+0.1 bps	1
NVO	12,400	$49.57	—	$44.74	$614.67K	$554.78K	-9.74%	0.02%	-0.2 bps	1
DFH	32,202	$21.05	—	$13.10	$677.85K	$421.85K	-37.77%	0.02%	-0.7 bps	1
SITE	3,753	$157.04	—	$117.50	$589.37K	$440.98K	-25.18%	0.02%	-0.4 bps	1
ISRG	405	$485.84	—	$421.12	$196.77K	$170.55K	-13.32%	0.01%	-0.1 bps	1
COST	240	$1018.48	—	$1048.95	$244.44K	$251.75K	+2.99%	0.01%	+0.0 bps	1
Top 5 (by entry value)(5)					$1.06B	$1.07B	+1.02%
Total(50)					$2.97B	$2.9B	-2.37%

2025-11-17 → 2026-02-13

52 of 52 priced100.00% coverage

+6.46%

Holdings from Q3 2025 disclosure · accession 0001641864-25-000012 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	510,644	$503.26	—	$497.55	$256.99M	$254.07M	-1.13%	8.70%	-9.9 bps	1
METATOP 5	311,810	$602.01	—	$639.77	$187.71M	$199.49M	+6.27%	7.76%	+48.7 bps	1
HEI-ATOP 5	749,501	$242.37	—	$252.91	$181.66M	$189.56M	+4.35%	6.45%	+28.1 bps	1
AMETOP 5	996,676	$191.19	—	$229.76	$190.55M	$229M	+20.17%	6.35%	+128.1 bps	1
GOOGTOP 5	638,213	$285.60	—	$306.02	$182.27M	$195.31M	+7.15%	5.27%	+37.7 bps	1
SCHW	1,575,776	$91.91	—	$93.72	$144.83M	$147.68M	+1.97%	5.10%	+10.0 bps	1
V	405,520	$325.75	—	$314.08	$132.1M	$127.37M	-3.58%	4.69%	-16.8 bps	1
MEDP	261,802	$585.76	—	$428.03	$153.35M	$112.06M	-26.93%	4.56%	-122.8 bps	1
PGR	533,889	$225.35	—	$204.53	$120.31M	$109.2M	-9.24%	4.47%	-41.3 bps	1
IBP	514,736	$244.76	—	$344.19	$125.99M	$177.17M	+40.62%	4.30%	+174.8 bps	1
BKNG	21,343	$4804.01	—	$4140.60	$102.53M	$88.37M	-13.81%	3.90%	-53.9 bps	1
NVR	14,075	$7156.64	—	$7507.43	$100.73M	$105.67M	+4.90%	3.83%	+18.8 bps	1
FIVE	637,090	$147.72	—	$205.93	$94.11M	$131.2M	+39.41%	3.34%	+131.6 bps	1
GOOGL	359,143	$285.02	—	$305.72	$102.36M	$109.8M	+7.26%	2.96%	+21.5 bps	1
FI	651,257	$62.70	—	$59.36	$40.83M	$38.66M	-5.33%	2.85%	-15.2 bps	1
MKL	43,829	$2042.94	—	$2061.88	$89.54M	$90.37M	+0.93%	2.84%	+2.6 bps	1
KNSL	190,462	$389.54	—	$371.32	$74.19M	$70.72M	-4.68%	2.74%	-12.8 bps	1
KMX	1,670,114	$32.11	—	$41.43	$53.63M	$69.19M	+29.03%	2.54%	+73.7 bps	1
RMD	235,418	$244.71	—	$252.55	$57.61M	$59.45M	+3.20%	2.18%	+7.0 bps	1
OZK	1,261,960	$42.64	—	$49.48	$53.81M	$62.44M	+16.04%	2.18%	+35.0 bps	1
ANET	412,399	$127.26	—	$141.59	$52.48M	$58.39M	+11.26%	2.04%	+22.9 bps	1
KEYS	333,927	$175.51	—	$233.51	$58.61M	$77.98M	+33.05%	1.98%	+65.4 bps	1
ADI	176,468	$229.94	—	$337.10	$40.58M	$59.49M	+46.60%	1.47%	+68.5 bps	1
BRO	322,246	$80.71	—	$68.47	$26.01M	$22.06M	-15.17%	1.02%	-15.5 bps	1
DIS	260,400	$105.69	—	$105.45	$27.52M	$27.46M	-0.23%	1.01%	-0.2 bps	1
LULU	144,001	$164.16	—	$176.42	$23.64M	$25.4M	+7.47%	0.87%	+6.5 bps	1
LFUS	81,257	$236.01	—	$359.55	$19.18M	$29.22M	+52.35%	0.71%	+37.3 bps	1
FND	236,148	$56.79	—	$70.20	$13.41M	$16.58M	+23.61%	0.59%	+13.9 bps	1
JPM	50,705	$300.37	—	$302.55	$15.23M	$15.34M	+0.73%	0.54%	+0.4 bps	1
MA	27,724	$536.85	—	$518.36	$14.88M	$14.37M	-3.44%	0.53%	-1.8 bps	1
BLDR	87,096	$99.42	—	$114.73	$8.66M	$9.99M	+15.40%	0.36%	+5.5 bps	1
BRK-A	11	$755420.00	—	$751425.00	$8.31M	$8.27M	-0.53%	0.29%	-0.2 bps	1
TWFG	300,317	$27.10	—	$18.36	$8.14M	$5.51M	-32.25%	0.28%	-9.0 bps	1
FERG	35,503	$235.69	—	$261.36	$8.37M	$9.28M	+10.89%	0.27%	+2.9 bps	1
ALGN	45,691	$132.61	—	$186.77	$6.06M	$8.53M	+40.84%	0.19%	+7.9 bps	1
AAPL	16,875	$267.46	—	$255.78	$4.51M	$4.32M	-4.37%	0.15%	-0.6 bps	1
CACC	6,874	$421.10	—	$483.98	$2.89M	$3.33M	+14.93%	0.09%	+1.3 bps	1
TSM	8,163	$282.01	—	$366.36	$2.3M	$2.99M	+29.91%	0.08%	+2.3 bps	1
COF	8,275	$201.01	—	$207.37	$1.66M	$1.72M	+3.16%	0.06%	+0.2 bps	1
SPY	2,474	$665.67	—	$681.75	$1.65M	$1.69M	+2.42%	0.06%	+0.1 bps	1
YUMC	36,036	$46.38	—	$55.42	$1.67M	$2M	+19.49%	0.05%	+1.0 bps	1
MTB	7,540	$181.06	—	$228.71	$1.37M	$1.72M	+26.32%	0.05%	+1.3 bps	1
GLD	3,876	$371.65	—	$462.62	$1.44M	$1.79M	+24.48%	0.05%	+1.1 bps	1
ITB	11,561	$94.09	—	$113.57	$1.09M	$1.31M	+20.70%	0.04%	+0.9 bps	1
BIRK	27,392	$39.52	—	$39.80	$1.08M	$1.09M	+0.71%	0.04%	+0.0 bps	1
CPRT	27,484	$41.33	—	$37.49	$1.14M	$1.03M	-9.29%	0.04%	-0.4 bps	1
MSFT	1,703	$507.49	—	$401.32	$864.26K	$683.45K	-20.92%	0.03%	-0.6 bps	1
DFH	32,202	$18.00	—	$21.05	$579.64K	$677.85K	+16.94%	0.03%	+0.5 bps	1
ODFL	5,255	$129.89	—	$193.21	$682.57K	$1.02M	+48.75%	0.03%	+1.2 bps	1
NVO	12,400	$48.46	—	$49.57	$600.9K	$614.67K	+2.29%	0.02%	+0.1 bps	1
SITE	3,753	$128.70	—	$157.04	$483.01K	$589.37K	+22.02%	0.02%	+0.4 bps	1
COST	240	$912.59	—	$1018.48	$219.02K	$244.44K	+11.60%	0.01%	+0.1 bps	1
Top 5 (by entry value)(5)					$999.18M	$1.07B	+6.83%
Total(52)					$2.8B	$2.98B	+6.46%

2025-08-13 → 2025-11-17

55 of 55 priced100.00% coverage

-4.42%

Holdings from Q2 2025 disclosure · accession 0001641864-25-000007 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	511,784	$477.31	—	$503.26	$244.28M	$257.56M	+5.44%	8.53%	+46.4 bps	1
METATOP 5	318,902	$780.08	—	$602.01	$248.77M	$191.98M	-22.83%	8.07%	-184.3 bps	1
HEI-ATOP 5	749,492	$244.61	—	$242.37	$183.33M	$181.65M	-0.92%	6.65%	-6.1 bps	1
AMETOP 5	996,344	$186.91	—	$191.19	$186.23M	$190.49M	+2.29%	6.18%	+14.2 bps	1
SCHWTOP 5	1,567,495	$95.59	—	$91.91	$149.84M	$144.07M	-3.85%	4.90%	-18.9 bps	1
V	401,297	$342.55	—	$325.75	$137.46M	$130.72M	-4.90%	4.89%	-24.0 bps	1
PGR	520,367	$249.19	—	$225.35	$129.67M	$117.26M	-9.57%	4.76%	-45.6 bps	1
BKNG	21,290	$5447.92	—	$4804.01	$115.99M	$102.28M	-11.82%	4.23%	-50.0 bps	1
GOOG	653,717	$203.03	—	$285.60	$132.72M	$186.7M	+40.67%	3.98%	+161.7 bps	1
FI	648,574	$134.29	—	$62.70	$87.1M	$40.67M	-53.31%	3.84%	-204.4 bps	1
KMX	1,655,930	$58.62	—	$32.11	$97.07M	$53.17M	-45.22%	3.82%	-172.6 bps	1
NVR	14,038	$8296.64	—	$7156.64	$116.47M	$100.46M	-13.74%	3.56%	-48.9 bps	1
IBP	514,459	$272.55	—	$244.76	$140.22M	$125.92M	-10.20%	3.18%	-32.4 bps	1
MKL	43,696	$1962.60	—	$2042.94	$85.76M	$89.27M	+4.09%	2.99%	+12.3 bps	1
KNSL	179,153	$452.01	—	$389.54	$80.98M	$69.79M	-13.82%	2.97%	-41.1 bps	1
MEDP	261,755	$468.00	—	$585.76	$122.5M	$153.33M	+25.16%	2.82%	+70.9 bps	1
FIVE	625,871	$138.30	—	$147.72	$86.56M	$92.45M	+6.81%	2.82%	+19.2 bps	1
SBUX	750,248	$94.18	—	$83.69	$70.66M	$62.79M	-11.14%	2.36%	-26.3 bps	1
GOOGL	379,617	$201.96	—	$285.02	$76.67M	$108.2M	+41.13%	2.29%	+94.4 bps	1
OZK	1,258,996	$50.64	—	$42.64	$63.76M	$53.68M	-15.80%	2.03%	-32.1 bps	1
KEYS	333,585	$170.22	—	$175.51	$56.78M	$58.55M	+3.11%	1.87%	+5.8 bps	1
ANET	482,561	$138.01	—	$127.26	$66.6M	$61.41M	-7.79%	1.69%	-13.2 bps	1
BAC	1,004,119	$47.24	—	$51.48	$47.43M	$51.69M	+8.98%	1.63%	+14.6 bps	1
ADI	176,111	$237.63	—	$229.94	$41.85M	$40.49M	-3.24%	1.44%	-4.7 bps	1
BRO	321,637	$95.91	—	$80.71	$30.85M	$25.96M	-15.85%	1.22%	-19.4 bps	1
LULU	143,977	$200.49	—	$164.16	$28.87M	$23.64M	-18.12%	1.17%	-21.3 bps	1
DIS	260,475	$116.64	—	$105.69	$30.38M	$27.53M	-9.39%	1.11%	-10.4 bps	1
LFUS	81,112	$263.42	—	$236.01	$21.37M	$19.14M	-10.41%	0.63%	-6.6 bps	1
FND	235,831	$85.92	—	$56.79	$20.26M	$13.39M	-33.90%	0.61%	-20.8 bps	1
MA	27,841	$577.90	—	$536.85	$16.09M	$14.95M	-7.10%	0.54%	-3.8 bps	1
CACC	30,501	$488.11	—	$421.10	$14.89M	$12.84M	-13.73%	0.53%	-7.3 bps	1
JPM	50,950	$290.53	—	$300.37	$14.8M	$15.3M	+3.39%	0.51%	+1.7 bps	1
BLDR	87,317	$144.40	—	$99.42	$12.61M	$8.68M	-31.15%	0.35%	-10.9 bps	1
ALGN	46,358	$145.74	—	$132.61	$6.76M	$6.15M	-9.01%	0.30%	-2.7 bps	1
BRK-A	11	$715490.00	—	$755420.00	$7.87M	$8.31M	+5.58%	0.27%	+1.5 bps	1
FERG	35,679	$229.86	—	$235.69	$8.2M	$8.41M	+2.54%	0.27%	+0.7 bps	1
TWFG	177,848	$28.35	—	$27.10	$5.04M	$4.82M	-4.41%	0.21%	-0.9 bps	1
AAPL	16,976	$233.33	—	$267.46	$3.96M	$4.54M	+14.63%	0.12%	+1.7 bps	1
TSM	11,550	$241.44	—	$282.01	$2.79M	$3.26M	+16.80%	0.09%	+1.5 bps	1
COF	9,274	$216.97	—	$201.01	$2.01M	$1.86M	-7.36%	0.07%	-0.5 bps	1
YUMC	36,036	$45.61	—	$46.38	$1.64M	$1.67M	+1.69%	0.06%	+0.1 bps	1
SPY	2,474	$644.89	—	$665.67	$1.6M	$1.65M	+3.22%	0.05%	+0.2 bps	1
MTB	7,540	$193.21	—	$181.06	$1.46M	$1.37M	-6.29%	0.05%	-0.3 bps	1
CPRT	27,484	$47.65	—	$41.33	$1.31M	$1.14M	-13.26%	0.05%	-0.6 bps	1
BIRK	27,392	$50.23	—	$39.52	$1.38M	$1.08M	-21.32%	0.05%	-1.0 bps	1
GLD	3,876	$309.21	—	$371.65	$1.2M	$1.44M	+20.19%	0.04%	+0.8 bps	1
MSFT	2,303	$520.58	—	$507.49	$1.2M	$1.17M	-2.51%	0.04%	-0.1 bps	1
ITB	11,518	$111.20	—	$94.09	$1.28M	$1.08M	-15.39%	0.04%	-0.6 bps	1
NVO	12,400	$50.90	—	$48.46	$631.16K	$600.9K	-4.79%	0.03%	-0.1 bps	1
ODFL	5,255	$153.46	—	$129.89	$806.43K	$682.57K	-15.36%	0.03%	-0.5 bps	1
DFH	32,202	$29.35	—	$18.00	$945.13K	$579.64K	-38.67%	0.03%	-1.1 bps	1
SITE	3,753	$146.20	—	$128.70	$548.69K	$483.01K	-11.97%	0.02%	-0.2 bps	1
AMZN	1,174	$224.56	—	$232.87	$263.63K	$273.39K	+3.70%	0.01%	+0.0 bps	1
COST	240	$978.85	—	$912.59	$234.92K	$219.02K	-6.77%	0.01%	-0.1 bps	1
ISRG	405	$482.35	—	$546.71	$195.35K	$221.42K	+13.34%	0.01%	+0.1 bps	1
Top 5 (by entry value)(5)					$1.01B	$965.76M	-4.61%
Total(55)					$3.01B	$2.88B	-4.42%

2025-08-12 → 2025-08-12

62 of 62 priced100.00% coverage

+0.00%

Holdings from Q4 2024 disclosure · accession 0001641864-25-000005 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	505,550	$470.39	—	$470.39	$237.81M	$237.81M	+0.00%	8.38%	+0.0 bps	1
METATOP 5	315,095	$790.00	—	$790.00	$248.93M	$248.93M	+0.00%	6.74%	+0.0 bps	1
AMETOP 5	974,459	$184.94	—	$184.94	$180.22M	$180.22M	+0.00%	6.42%	+0.0 bps	1
HEI-ATOP 5	741,655	$246.78	—	$246.78	$183.03M	$183.03M	+0.00%	5.04%	+0.0 bps	1
KMX	1,682,869	$56.66	—	$56.66	$95.35M	$95.35M	+0.00%	5.03%	+0.0 bps	1
PGR	545,856	$243.04	—	$243.04	$132.66M	$132.66M	+0.00%	4.78%	+0.0 bps	1
FI	630,254	$132.32	—	$132.32	$83.4M	$83.4M	+0.00%	4.73%	+0.0 bps	1
V	395,717	$336.74	—	$336.74	$133.25M	$133.25M	+0.00%	4.57%	+0.0 bps	1
GOOGTOP 5	655,037	$204.16	—	$204.16	$133.73M	$133.73M	+0.00%	4.56%	+0.0 bps	1
NVR	13,558	$7962.30	—	$7962.30	$107.95M	$107.95M	+0.00%	4.05%	+0.0 bps	1
BKNG	21,177	$5461.54	—	$5461.54	$115.66M	$115.66M	+0.00%	3.85%	+0.0 bps	1
IBP	504,735	$263.18	—	$263.18	$132.84M	$132.84M	+0.00%	3.23%	+0.0 bps	1
MEDP	234,287	$459.29	—	$459.29	$107.61M	$107.61M	+0.00%	2.85%	+0.0 bps	1
FIVE	732,110	$137.98	—	$137.98	$101.02M	$101.02M	+0.00%	2.81%	+0.0 bps	1
MKL	43,331	$1927.60	—	$1927.60	$83.52M	$83.52M	+0.00%	2.73%	+0.0 bps	1
SCHW	947,927	$98.69	—	$98.69	$93.55M	$93.55M	+0.00%	2.56%	+0.0 bps	1
MTB	367,581	$191.08	—	$191.08	$70.24M	$70.24M	+0.00%	2.53%	+0.0 bps	1
SBUX	749,372	$93.37	—	$93.37	$69.97M	$69.97M	+0.00%	2.50%	+0.0 bps	1
GOOGL	356,828	$203.34	—	$203.34	$72.56M	$72.56M	+0.00%	2.47%	+0.0 bps	1
LULU	143,368	$192.93	—	$192.93	$27.66M	$27.66M	+0.00%	2.00%	+0.0 bps	1
OZK	1,212,438	$49.50	—	$49.50	$60.02M	$60.02M	+0.00%	1.97%	+0.0 bps	1
KEYS	331,845	$167.09	—	$167.09	$55.45M	$55.45M	+0.00%	1.95%	+0.0 bps	1
ANET	410,428	$141.25	—	$141.25	$57.97M	$57.97M	+0.00%	1.66%	+0.0 bps	1
BAC	1,000,978	$47.50	—	$47.50	$47.55M	$47.55M	+0.00%	1.61%	+0.0 bps	1
KNSL	90,759	$437.45	—	$437.45	$39.7M	$39.7M	+0.00%	1.54%	+0.0 bps	1
ADI	171,775	$232.04	—	$232.04	$39.86M	$39.86M	+0.00%	1.33%	+0.0 bps	1
FBIN	463,140	$57.27	—	$57.27	$26.52M	$26.52M	+0.00%	1.16%	+0.0 bps	1
BRO	294,809	$94.76	—	$94.76	$27.94M	$27.94M	+0.00%	1.10%	+0.0 bps	1
DIS	248,218	$113.72	—	$113.72	$28.23M	$28.23M	+0.00%	1.01%	+0.0 bps	1
FND	233,921	$83.66	—	$83.66	$19.57M	$19.57M	+0.00%	0.85%	+0.0 bps	1
LFUS	80,615	$255.25	—	$255.25	$20.58M	$20.58M	+0.00%	0.69%	+0.0 bps	1
CACC	29,558	$478.39	—	$478.39	$14.14M	$14.14M	+0.00%	0.51%	+0.0 bps	1
MA	26,275	$574.18	—	$574.18	$15.09M	$15.09M	+0.00%	0.51%	+0.0 bps	1
JPM	43,862	$292.85	—	$292.85	$12.84M	$12.84M	+0.00%	0.38%	+0.0 bps	1
ALGN	43,006	$140.49	—	$140.49	$6.04M	$6.04M	+0.00%	0.33%	+0.0 bps	1
FERG	33,708	$226.37	—	$226.37	$7.63M	$7.63M	+0.00%	0.21%	+0.0 bps	1
BRK-A	8	$704700.00	—	$704700.00	$5.64M	$5.64M	+0.00%	0.20%	+0.0 bps	1
AAPL	16,976	$229.65	—	$229.65	$3.9M	$3.9M	+0.00%	0.16%	+0.0 bps	1
TSM	14,638	$244.29	—	$244.29	$3.58M	$3.58M	+0.00%	0.11%	+0.0 bps	1
SPY	4,752	$642.69	—	$642.69	$3.05M	$3.05M	+0.00%	0.10%	+0.0 bps	1
COF	14,774	$216.73	—	$216.73	$3.2M	$3.2M	+0.00%	0.10%	+0.0 bps	1
ICE	16,799	$182.74	—	$182.74	$3.07M	$3.07M	+0.00%	0.09%	+0.0 bps	1
YUMC	36,036	$44.78	—	$44.78	$1.61M	$1.61M	+0.00%	0.06%	+0.0 bps	1
CPRT	27,484	$47.20	—	$47.20	$1.3M	$1.3M	+0.00%	0.06%	+0.0 bps	1
BIRK	27,392	$49.14	—	$49.14	$1.35M	$1.35M	+0.00%	0.06%	+0.0 bps	1
UNH	2,364	$261.57	—	$261.57	$618.35K	$618.35K	+0.00%	0.04%	+0.0 bps	1
LBRDK	15,000	$63.99	—	$63.99	$959.92K	$959.92K	+0.00%	0.04%	+0.0 bps	1
ITB	10,432	$106.46	—	$106.46	$1.11M	$1.11M	+0.00%	0.04%	+0.0 bps	1
NVO	12,400	$49.78	—	$49.78	$617.27K	$617.27K	+0.00%	0.04%	+0.0 bps	1
GLD	4,206	$308.27	—	$308.27	$1.3M	$1.3M	+0.00%	0.04%	+0.0 bps	1
MSFT	2,354	$529.24	—	$529.24	$1.25M	$1.25M	+0.00%	0.04%	+0.0 bps	1
ODFL	5,255	$149.23	—	$149.23	$784.2K	$784.2K	+0.00%	0.03%	+0.0 bps	1
DFH	32,202	$25.97	—	$25.97	$836.29K	$836.29K	+0.00%	0.03%	+0.0 bps	1
SLV	23,000	$34.41	—	$34.41	$791.43K	$791.43K	+0.00%	0.02%	+0.0 bps	1
J	4,394	$151.31	—	$151.31	$664.85K	$664.85K	+0.00%	0.02%	+0.0 bps	1
GBTC	7,442	$94.06	—	$94.06	$699.99K	$699.99K	+0.00%	0.02%	+0.0 bps	1
SITE	3,753	$137.94	—	$137.94	$517.69K	$517.69K	+0.00%	0.02%	+0.0 bps	1
CAPE	10,645	$32.01	—	$32.01	$340.79K	$340.79K	+0.00%	0.01%	+0.0 bps	1
VOO	584	$590.78	—	$590.78	$345.02K	$345.02K	+0.00%	0.01%	+0.0 bps	1
COST	240	$991.25	—	$991.25	$237.9K	$237.9K	+0.00%	0.01%	+0.0 bps	1
ISRG	405	$478.19	—	$478.19	$193.67K	$193.67K	+0.00%	0.01%	+0.0 bps	1
EW	257	$76.93	—	$76.93	$19.77K	$19.77K	+0.00%	0.00%	+0.0 bps	1
Top 5 (by entry value)(5)					$983.71M	$983.71M	+0.00%
Total(62)					$2.93B	$2.93B	+0.00%

2025-08-12 → 2025-08-13

54 of 54 priced100.00% coverage

+1.02%

Holdings from Q1 2025 disclosure · accession 0001641864-25-000006 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	503,332	$470.39	—	$477.31	$236.76M	$240.25M	+1.47%	9.88%	+14.5 bps	1
METATOP 5	315,144	$790.00	—	$780.08	$248.96M	$245.84M	-1.26%	6.70%	-8.4 bps	1
AMETOP 5	977,434	$184.94	—	$186.91	$180.77M	$182.69M	+1.07%	6.20%	+6.6 bps	1
HEI-ATOP 5	742,011	$246.78	—	$244.61	$183.11M	$181.5M	-0.88%	5.77%	-5.1 bps	1
PGR	529,154	$243.04	—	$249.19	$128.61M	$131.86M	+2.53%	5.52%	+14.0 bps	1
FI	629,633	$132.32	—	$134.29	$83.31M	$84.55M	+1.49%	5.13%	+7.6 bps	1
V	393,549	$336.74	—	$342.55	$132.52M	$134.81M	+1.73%	5.08%	+8.8 bps	1
KMX	1,641,622	$56.66	—	$58.62	$93.01M	$96.23M	+3.46%	4.72%	+16.3 bps	1
GOOG	651,446	$204.16	—	$203.03	$133M	$132.26M	-0.55%	3.75%	-2.1 bps	1
NVR	13,490	$7962.30	—	$8296.64	$107.41M	$111.92M	+4.20%	3.60%	+15.1 bps	1
BKNG	21,132	$5461.54	—	$5447.92	$115.41M	$115.13M	-0.25%	3.59%	-0.9 bps	1
IBPTOP 5	508,073	$263.18	—	$272.55	$133.71M	$138.48M	+3.56%	3.21%	+11.4 bps	1
KNSL	169,967	$437.45	—	$452.01	$74.35M	$76.83M	+3.33%	3.05%	+10.2 bps	1
MKL	43,402	$1927.60	—	$1962.60	$83.66M	$85.18M	+1.82%	2.99%	+5.4 bps	1
MEDP	251,937	$459.29	—	$468.00	$115.71M	$117.91M	+1.90%	2.83%	+5.4 bps	1
SCHW	949,066	$98.69	—	$95.59	$93.66M	$90.72M	-3.14%	2.74%	-8.6 bps	1
SBUX	746,686	$93.37	—	$94.18	$69.72M	$70.32M	+0.87%	2.70%	+2.3 bps	1
MTB	367,532	$191.08	—	$193.21	$70.23M	$71.01M	+1.11%	2.42%	+2.7 bps	1
GOOGL	359,603	$203.34	—	$201.96	$73.12M	$72.63M	-0.68%	2.05%	-1.4 bps	1
OZK	1,209,513	$49.50	—	$50.64	$59.87M	$61.25M	+2.30%	1.94%	+4.5 bps	1
KEYS	331,011	$167.09	—	$170.22	$55.31M	$56.34M	+1.87%	1.83%	+3.4 bps	1
FIVE	621,590	$137.98	—	$138.30	$85.77M	$85.97M	+0.23%	1.72%	+0.4 bps	1
BAC	998,001	$47.50	—	$47.24	$47.41M	$47.15M	-0.55%	1.54%	-0.8 bps	1
LULU	143,169	$192.93	—	$200.49	$27.62M	$28.7M	+3.92%	1.49%	+5.9 bps	1
BRO	294,603	$94.76	—	$95.91	$27.92M	$28.26M	+1.21%	1.35%	+1.6 bps	1
ANET	466,528	$141.25	—	$138.01	$65.9M	$64.39M	-2.29%	1.33%	-3.1 bps	1
ADI	171,340	$232.04	—	$237.63	$39.76M	$40.72M	+2.41%	1.27%	+3.1 bps	1
DIS	247,503	$113.72	—	$116.64	$28.15M	$28.87M	+2.57%	0.90%	+2.3 bps	1
FND	233,878	$83.66	—	$85.92	$19.57M	$20.09M	+2.70%	0.69%	+1.9 bps	1
LFUS	80,504	$255.25	—	$263.42	$20.55M	$21.21M	+3.20%	0.58%	+1.9 bps	1
CACC	29,851	$478.39	—	$488.11	$14.28M	$14.57M	+2.03%	0.57%	+1.2 bps	1
MA	27,043	$574.18	—	$577.90	$15.53M	$15.63M	+0.65%	0.55%	+0.4 bps	1
JPM	44,483	$292.85	—	$290.53	$13.03M	$12.92M	-0.79%	0.40%	-0.3 bps	1
BLDR	82,445	$137.45	—	$144.40	$11.33M	$11.91M	+5.06%	0.38%	+1.9 bps	1
BRK-A	11	$704700.00	—	$715490.00	$7.75M	$7.87M	+1.53%	0.32%	+0.5 bps	1
ALGN	45,135	$140.49	—	$145.74	$6.34M	$6.58M	+3.74%	0.26%	+1.0 bps	1
FERG	34,386	$226.37	—	$229.86	$7.78M	$7.9M	+1.54%	0.20%	+0.3 bps	1
COF	12,274	$216.73	—	$216.97	$2.66M	$2.66M	+0.11%	0.08%	+0.0 bps	1
AAPL	9,367	$229.65	—	$233.33	$2.15M	$2.19M	+1.60%	0.08%	+0.1 bps	1
TSM	11,550	$244.29	—	$241.44	$2.82M	$2.79M	-1.17%	0.07%	-0.1 bps	1
YUMC	36,036	$44.78	—	$45.61	$1.61M	$1.64M	+1.85%	0.07%	+0.1 bps	1
CPRT	27,484	$47.20	—	$47.65	$1.3M	$1.31M	+0.95%	0.06%	+0.1 bps	1
SPY	2,567	$642.69	—	$644.89	$1.65M	$1.66M	+0.34%	0.05%	+0.0 bps	1
PMMF	12,876	$100.31	—	$100.32	$1.29M	$1.29M	+0.01%	0.05%	+0.0 bps	1
BIRK	27,392	$49.14	—	$50.23	$1.35M	$1.38M	+2.22%	0.05%	+0.1 bps	1
GLD	3,898	$308.27	—	$309.21	$1.2M	$1.21M	+0.30%	0.04%	+0.0 bps	1
ITB	10,961	$106.46	—	$111.20	$1.17M	$1.22M	+4.45%	0.04%	+0.2 bps	1
ODFL	5,255	$149.23	—	$153.46	$784.2K	$806.43K	+2.83%	0.03%	+0.1 bps	1
NVO	12,400	$49.78	—	$50.90	$617.27K	$631.16K	+2.25%	0.03%	+0.1 bps	1
MSFT	1,987	$529.24	—	$520.58	$1.05M	$1.03M	-1.64%	0.03%	-0.0 bps	1
DFH	32,202	$25.97	—	$29.35	$836.29K	$945.13K	+13.02%	0.03%	+0.3 bps	1
SITE	3,753	$137.94	—	$146.20	$517.69K	$548.69K	+5.99%	0.02%	+0.1 bps	1
COST	240	$991.25	—	$978.85	$237.9K	$234.92K	-1.25%	0.01%	-0.0 bps	1
ISRG	405	$478.19	—	$482.35	$193.67K	$195.35K	+0.87%	0.01%	+0.0 bps	1
Top 5 (by entry value)(5)					$983.32M	$988.75M	+0.55%
Total(54)					$2.93B	$2.96B	+1.02%

2024-11-13 → 2025-08-12

52 of 52 priced100.00% coverage

+5.02%

Holdings from Q3 2024 disclosure · accession 0001641864-24-000012 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	489,311	$468.10	—	$470.39	$229.05M	$230.17M	+0.49%	8.56%	+4.2 bps	1
METATOP 5	309,942	$580.00	—	$790.00	$179.77M	$244.85M	+36.21%	6.75%	+244.2 bps	1
AMETOP 5	959,222	$195.42	—	$184.94	$187.45M	$177.4M	-5.36%	6.26%	-33.6 bps	1
HEI-ATOP 5	732,993	$212.35	—	$246.78	$155.65M	$180.89M	+16.21%	5.68%	+92.1 bps	1
PGRTOP 5	536,693	$261.37	—	$243.04	$140.28M	$130.44M	-7.01%	5.18%	-36.3 bps	1
NVR	13,307	$9105.67	—	$7962.30	$121.17M	$105.95M	-12.56%	4.96%	-62.3 bps	1
KMX	1,637,125	$77.86	—	$56.66	$127.47M	$92.76M	-27.23%	4.82%	-131.1 bps	1
IBP	487,115	$207.73	—	$263.18	$101.19M	$128.2M	+26.69%	4.56%	+121.7 bps	1
GOOG	646,180	$180.49	—	$204.16	$116.63M	$131.92M	+13.11%	4.11%	+53.9 bps	1
V	391,760	$309.48	—	$336.74	$121.24M	$131.92M	+8.81%	4.10%	+36.1 bps	1
FI	501,278	$213.18	—	$132.32	$106.86M	$66.33M	-37.93%	3.42%	-129.9 bps	1
BKNG	20,515	$4987.44	—	$5461.54	$102.32M	$112.04M	+9.51%	3.29%	+31.2 bps	1
KEYS	481,070	$157.30	—	$167.09	$75.67M	$80.38M	+6.22%	2.91%	+18.1 bps	1
MEDP	227,072	$361.94	—	$459.29	$82.19M	$104.29M	+26.90%	2.88%	+77.5 bps	1
SBUX	718,004	$99.80	—	$93.37	$71.66M	$67.04M	-6.44%	2.66%	-17.1 bps	1
MKL	42,684	$1655.36	—	$1927.60	$70.66M	$82.28M	+16.45%	2.55%	+41.9 bps	1
MTB	360,591	$211.93	—	$191.08	$76.42M	$68.9M	-9.84%	2.44%	-24.0 bps	1
FIVE	725,249	$84.51	—	$137.98	$61.29M	$100.07M	+63.27%	2.44%	+154.1 bps	1
SCHW	935,772	$78.25	—	$98.69	$73.22M	$92.35M	+26.12%	2.31%	+60.2 bps	1
GOOGL	346,704	$178.88	—	$203.34	$62.02M	$70.5M	+13.67%	2.19%	+29.9 bps	1
OZK	1,197,374	$47.87	—	$49.50	$57.32M	$59.27M	+3.41%	1.96%	+6.7 bps	1
ADI	206,111	$212.84	—	$232.04	$43.87M	$47.83M	+9.02%	1.80%	+16.3 bps	1
ANET	106,670	$395.16	×4	$141.25	$42.15M	$60.27M	+42.98%	1.56%	+66.9 bps	1
KNSL	86,315	$477.50	—	$437.45	$41.22M	$37.76M	-8.39%	1.53%	-12.8 bps	1
FBIN	446,106	$75.30	—	$57.27	$33.59M	$25.55M	-23.94%	1.52%	-36.4 bps	1
BAC	990,048	$45.87	—	$47.50	$45.41M	$47.03M	+3.55%	1.49%	+5.3 bps	1
LULU	141,477	$328.30	—	$192.93	$46.45M	$27.3M	-41.23%	1.46%	-60.2 bps	1
EW	446,288	$66.52	—	$76.93	$29.69M	$34.33M	+15.65%	1.12%	+17.5 bps	1
FND	230,681	$102.40	—	$83.66	$23.62M	$19.3M	-18.30%	1.09%	-19.9 bps	1
DIS	245,548	$102.72	—	$113.72	$25.22M	$27.92M	+10.71%	0.90%	+9.6 bps	1
LFUS	79,015	$252.75	—	$255.25	$19.97M	$20.17M	+0.99%	0.80%	+0.8 bps	1
CACC	29,258	$442.00	—	$478.39	$12.93M	$14M	+8.23%	0.49%	+4.1 bps	1
MA	25,546	$521.88	—	$574.18	$13.33M	$14.67M	+10.02%	0.48%	+4.8 bps	1
JPM	43,324	$241.16	—	$292.85	$10.45M	$12.69M	+21.43%	0.35%	+7.4 bps	1
ALGN	32,993	$215.03	—	$140.49	$7.09M	$4.64M	-34.66%	0.32%	-11.1 bps	1
BRK-A	7	$702250.00	—	$704700.00	$4.92M	$4.93M	+0.35%	0.18%	+0.1 bps	1
SPY	4,752	$597.19	—	$642.69	$2.84M	$3.05M	+7.62%	0.10%	+0.8 bps	1
ICE	16,799	$155.84	—	$182.74	$2.62M	$3.07M	+17.26%	0.10%	+1.8 bps	1
TSM	14,550	$186.66	—	$244.29	$2.72M	$3.55M	+30.87%	0.10%	+3.0 bps	1
AAPL	9,852	$225.12	—	$229.65	$2.22M	$2.26M	+2.01%	0.09%	+0.2 bps	1
COF	14,774	$185.53	—	$216.73	$2.74M	$3.2M	+16.82%	0.08%	+1.4 bps	1
YUMC	36,036	$47.51	—	$44.78	$1.71M	$1.61M	-5.75%	0.06%	-0.4 bps	1
NVO	12,400	$106.91	—	$49.78	$1.33M	$617.27K	-53.44%	0.06%	-3.0 bps	1
CPRT	27,484	$57.93	—	$47.20	$1.59M	$1.3M	-18.52%	0.05%	-1.0 bps	1
ITB	10,299	$118.08	—	$106.46	$1.22M	$1.1M	-9.84%	0.05%	-0.5 bps	1
DFH	32,202	$28.64	—	$25.97	$922.27K	$836.29K	-9.32%	0.04%	-0.4 bps	1
FWONK	15,000	$85.59	—	$96.58	$1.28M	$1.45M	+12.84%	0.04%	+0.6 bps	1
ODFL	5,255	$225.60	—	$149.23	$1.19M	$784.2K	-33.85%	0.04%	-1.3 bps	1
GLD	4,206	$237.63	—	$308.27	$999.47K	$1.3M	+29.73%	0.04%	+1.2 bps	1
SLV	23,000	$27.61	—	$34.41	$635.03K	$791.43K	+24.63%	0.02%	+0.6 bps	1
SITE	3,753	$144.05	—	$137.94	$540.62K	$517.69K	-4.24%	0.02%	-0.1 bps	1
COST	240	$933.73	—	$991.25	$224.1K	$237.9K	+6.16%	0.01%	+0.0 bps	1
Top 5 (by entry value)(5)					$892.19M	$963.75M	+8.02%
Total(52)					$2.74B	$2.88B	+5.02%

2024-08-23 → 2024-11-13

59 of 59 priced100.00% coverage

+6.06%

Holdings from Q4 2023 disclosure · accession 0001641864-24-000011 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	483,856	$453.38	—	$468.10	$219.37M	$226.49M	+3.25%	8.11%	+26.3 bps	1
AMETOP 5	910,291	$167.39	—	$195.42	$152.37M	$177.89M	+16.75%	7.05%	+118.1 bps	1
FIVE	654,098	$82.46	—	$84.51	$53.94M	$55.28M	+2.49%	6.55%	+16.3 bps	1
KMXTOP 5	1,533,574	$85.78	—	$77.86	$131.55M	$119.4M	-9.23%	5.53%	-51.0 bps	1
MKL	79,180	$1574.89	—	$1655.36	$124.7M	$131.07M	+5.11%	5.28%	+27.0 bps	1
METATOP 5	287,932	$528.00	—	$580.00	$152.03M	$167M	+9.85%	4.79%	+47.2 bps	1
HEI-ATOP 5	696,603	$192.67	—	$212.35	$134.21M	$147.92M	+10.21%	4.66%	+47.6 bps	1
V	377,092	$267.44	—	$309.48	$100.85M	$116.7M	+15.72%	4.61%	+72.5 bps	1
GOOG	637,950	$167.43	—	$180.49	$106.81M	$115.14M	+7.80%	4.22%	+32.9 bps	1
NVR	12,672	$9321.27	—	$9105.67	$118.12M	$115.39M	-2.31%	4.17%	-9.6 bps	1
IBP	455,426	$232.29	—	$207.73	$105.79M	$94.61M	-10.57%	3.91%	-41.4 bps	1
PGR	505,551	$241.25	—	$261.37	$121.96M	$132.14M	+8.34%	3.78%	+31.5 bps	1
KEYS	470,853	$155.01	—	$157.30	$72.99M	$74.07M	+1.48%	3.52%	+5.2 bps	1
FBIN	901,893	$81.38	—	$75.30	$73.4M	$67.91M	-7.47%	3.23%	-24.1 bps	1
LULU	121,777	$268.55	—	$328.30	$32.7M	$39.98M	+22.25%	2.92%	+65.1 bps	1
FI	454,874	$169.81	—	$213.18	$77.24M	$96.97M	+25.54%	2.84%	+72.5 bps	1
SCHW	833,904	$64.39	—	$78.25	$53.7M	$65.25M	+21.53%	2.70%	+58.0 bps	1
MEDP	157,664	$390.91	—	$361.94	$61.63M	$57.06M	-7.41%	2.27%	-16.8 bps	1
MTB	343,056	$168.68	—	$211.93	$57.87M	$72.7M	+25.64%	2.21%	+56.6 bps	1
GOOGL	279,386	$165.62	—	$178.88	$46.27M	$49.98M	+8.01%	1.83%	+14.7 bps	1
ADI	187,671	$228.39	—	$212.84	$42.86M	$39.94M	-6.81%	1.75%	-11.9 bps	1
BAC	1,029,334	$39.77	—	$45.87	$40.94M	$47.22M	+15.34%	1.63%	+25.0 bps	1
EW	440,906	$70.88	—	$66.52	$31.25M	$29.33M	-6.15%	1.58%	-9.7 bps	1
FND	287,111	$111.65	—	$102.40	$32.06M	$29.4M	-8.28%	1.50%	-12.5 bps	1
CIEN	625,936	$56.54	—	$71.40	$35.39M	$44.69M	+26.28%	1.32%	+34.8 bps	1
ANET	99,444	$355.13	—	$395.16	$35.32M	$39.3M	+11.27%	1.10%	+12.4 bps	1
DIS	230,757	$90.56	—	$102.72	$20.9M	$23.7M	+13.43%	0.98%	+13.1 bps	1
LFUS	76,458	$273.15	—	$252.75	$20.88M	$19.32M	-7.47%	0.96%	-7.2 bps	1
MBC	912,988	$16.59	—	$16.82	$15.15M	$15.36M	+1.39%	0.64%	+0.9 bps	1
CACC	22,616	$480.97	—	$442.00	$10.88M	$10M	-8.10%	0.57%	-4.6 bps	1
OZK	238,771	$43.51	—	$47.87	$10.39M	$11.43M	+10.02%	0.56%	+5.6 bps	1
MA	21,390	$466.44	—	$521.88	$9.98M	$11.16M	+11.89%	0.43%	+5.1 bps	1
ATHM	312,582	$24.26	—	$26.76	$7.58M	$8.36M	+10.31%	0.41%	+4.2 bps	1
ALGN	27,162	$233.97	—	$215.03	$6.36M	$5.84M	-8.10%	0.35%	-2.8 bps	1
JPM	36,773	$218.31	—	$241.16	$8.03M	$8.87M	+10.47%	0.29%	+3.1 bps	1
KNSL	17,610	$486.46	—	$477.50	$8.57M	$8.41M	-1.84%	0.28%	-0.5 bps	1
FERG	26,968	$214.33	—	$205.51	$5.78M	$5.54M	-4.12%	0.24%	-1.0 bps	1
COHR	108,137	$79.38	—	$102.71	$8.58M	$11.11M	+29.39%	0.22%	+6.5 bps	1
BRK-A	7	$680330.00	—	$702250.00	$4.76M	$4.92M	+3.22%	0.18%	+0.6 bps	1
SPY	4,752	$562.13	—	$597.19	$2.67M	$2.84M	+6.24%	0.11%	+0.7 bps	1
AAPL	10,181	$226.84	—	$225.12	$2.31M	$2.29M	-0.76%	0.09%	-0.1 bps	1
ITB	14,677	$123.15	—	$118.08	$1.81M	$1.73M	-4.12%	0.07%	-0.3 bps	1
CPRT	27,484	$52.76	—	$57.93	$1.45M	$1.59M	+9.80%	0.06%	+0.6 bps	1
NVO	12,400	$136.97	—	$106.91	$1.7M	$1.33M	-21.95%	0.06%	-1.3 bps	1
DFH	32,202	$33.61	—	$28.64	$1.08M	$922.27K	-14.79%	0.05%	-0.8 bps	1
ODFL	2,362	$407.54	—	$451.20	$962.61K	$1.07M	+10.71%	0.05%	+0.5 bps	1
TSM	8,240	$171.28	—	$186.66	$1.41M	$1.54M	+8.98%	0.04%	+0.4 bps	1
TJX	8,657	$119.47	—	$121.13	$1.03M	$1.05M	+1.39%	0.04%	+0.1 bps	1
GLD	4,206	$232.02	—	$237.63	$975.88K	$999.47K	+2.42%	0.04%	+0.1 bps	1
ROP	1,330	$547.82	—	$571.20	$728.6K	$759.7K	+4.27%	0.03%	+0.1 bps	1
BOOT	8,253	$142.39	—	$132.37	$1.18M	$1.09M	-7.04%	0.03%	-0.2 bps	1
SITE	3,753	$144.61	—	$144.05	$542.72K	$540.62K	-0.39%	0.03%	-0.0 bps	1
SBUX	6,213	$94.02	—	$99.80	$584.15K	$620.06K	+6.15%	0.03%	+0.2 bps	1
FAST	8,154	$68.10	—	$83.62	$555.29K	$681.84K	+22.79%	0.02%	+0.6 bps	1
SLV	23,000	$27.20	—	$27.61	$625.6K	$635.03K	+1.51%	0.02%	+0.0 bps	1
KNX	7,789	$54.17	—	$57.10	$421.93K	$444.75K	+5.41%	0.02%	+0.1 bps	1
BABA	4,976	$85.41	—	$92.00	$425K	$457.79K	+7.72%	0.02%	+0.1 bps	1
GIB	1,585	$109.53	—	$112.13	$173.61K	$177.73K	+2.37%	0.01%	+0.0 bps	1
MSFT	288	$416.79	—	$425.20	$120.04K	$122.46K	+2.02%	0.01%	+0.0 bps	1
Top 5 (by entry value)(5)					$789.54M	$838.71M	+6.23%
Total(59)					$2.37B	$2.52B	+6.06%

2024-08-20 → 2024-08-23

53 of 53 priced100.00% coverage

+2.81%

Holdings from Q1 2024 disclosure · accession 0001641864-24-000008 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	479,975	$448.36	—	$453.38	$215.2M	$217.61M	+1.12%	8.19%	+9.2 bps	1
AMETOP 5	927,977	$164.86	—	$167.39	$152.99M	$155.33M	+1.53%	6.89%	+10.6 bps	1
METATOP 5	295,820	$526.73	—	$528.00	$155.82M	$156.19M	+0.24%	5.83%	+1.4 bps	1
KMX	1,582,398	$79.79	—	$85.78	$126.26M	$135.74M	+7.51%	5.60%	+42.0 bps	1
MKL	80,549	$1546.94	—	$1574.89	$124.6M	$126.86M	+1.81%	4.98%	+9.0 bps	1
FIVE	667,190	$77.31	—	$82.46	$51.58M	$55.02M	+6.66%	4.91%	+32.7 bps	1
IBP	467,012	$207.62	—	$232.29	$96.96M	$108.48M	+11.88%	4.91%	+58.3 bps	1
HEI-ATOP 5	718,995	$187.70	—	$192.67	$134.96M	$138.53M	+2.65%	4.49%	+11.9 bps	1
PGRTOP 5	530,369	$238.75	—	$241.25	$126.63M	$127.95M	+1.05%	4.45%	+4.7 bps	1
V	382,208	$268.04	—	$267.44	$102.45M	$102.22M	-0.22%	4.33%	-1.0 bps	1
NVR	13,138	$8784.15	—	$9321.27	$115.41M	$122.46M	+6.11%	4.32%	+26.4 bps	1
GOOG	645,800	$168.96	—	$167.43	$109.11M	$108.13M	-0.91%	3.99%	-3.6 bps	1
FI	480,246	$168.04	—	$169.81	$80.7M	$81.55M	+1.05%	3.12%	+3.3 bps	1
MEDP	185,232	$389.35	—	$390.91	$72.12M	$72.41M	+0.40%	3.04%	+1.2 bps	1
KEYS	478,346	$138.57	—	$155.01	$66.28M	$74.15M	+11.86%	3.04%	+36.0 bps	1
SCHW	861,431	$64.84	—	$64.39	$55.86M	$55.47M	-0.69%	2.53%	-1.8 bps	1
OZK	1,165,110	$41.13	—	$43.51	$47.92M	$50.69M	+5.79%	2.15%	+12.4 bps	1
MTB	352,670	$162.26	—	$168.68	$57.22M	$59.49M	+3.96%	2.08%	+8.2 bps	1
LULU	129,251	$260.60	—	$268.55	$33.68M	$34.71M	+3.05%	2.05%	+6.3 bps	1
GOOGL	292,664	$167.18	—	$165.62	$48.93M	$48.47M	-0.93%	1.79%	-1.7 bps	1
EW	445,718	$69.38	—	$70.88	$30.92M	$31.59M	+2.16%	1.73%	+3.7 bps	1
BKNG	11,294	$3702.50	—	$3830.58	$41.82M	$43.26M	+3.46%	1.66%	+5.8 bps	1
FBIN	452,871	$77.18	—	$81.38	$34.95M	$36.85M	+5.44%	1.56%	+8.5 bps	1
ADI	193,401	$223.49	—	$228.39	$43.22M	$44.17M	+2.19%	1.55%	+3.4 bps	1
BAC	986,950	$38.69	—	$39.77	$38.19M	$39.25M	+2.79%	1.52%	+4.2 bps	1
FND	272,357	$106.34	—	$111.65	$28.96M	$30.41M	+4.99%	1.43%	+7.2 bps	1
SBUX	371,551	$93.01	—	$94.02	$34.56M	$34.93M	+1.09%	1.38%	+1.5 bps	1
DIS	232,766	$89.74	—	$90.56	$20.89M	$21.08M	+0.91%	1.16%	+1.1 bps	1
ANET	95,613	$353.79	—	$355.13	$33.83M	$33.96M	+0.38%	1.13%	+0.4 bps	1
LFUS	77,961	$264.82	—	$273.15	$20.65M	$21.3M	+3.15%	0.77%	+2.4 bps	1
CACC	24,160	$463.59	—	$480.97	$11.2M	$11.62M	+3.75%	0.54%	+2.0 bps	1
MA	22,821	$469.12	—	$466.44	$10.71M	$10.64M	-0.57%	0.45%	-0.3 bps	1
ALGN	28,871	$233.23	—	$233.97	$6.73M	$6.75M	+0.32%	0.38%	+0.1 bps	1
KNSL	17,610	$474.89	—	$486.46	$8.36M	$8.57M	+2.44%	0.38%	+0.9 bps	1
JPM	39,203	$214.52	—	$218.31	$8.41M	$8.56M	+1.77%	0.32%	+0.6 bps	1
COHR	116,314	$78.55	—	$79.38	$9.14M	$9.23M	+1.06%	0.29%	+0.3 bps	1
FERG	28,910	$206.55	—	$214.33	$5.97M	$6.2M	+3.77%	0.26%	+1.0 bps	1
BRK-A	7	$672400.00	—	$680330.00	$4.71M	$4.76M	+1.18%	0.18%	+0.2 bps	1
SPY	4,752	$558.70	—	$562.13	$2.65M	$2.67M	+0.61%	0.10%	+0.1 bps	1
AAPL	10,027	$226.51	—	$226.84	$2.27M	$2.27M	+0.15%	0.07%	+0.0 bps	1
CPRT	27,484	$51.98	—	$52.76	$1.43M	$1.45M	+1.50%	0.06%	+0.1 bps	1
NVO	12,400	$135.81	—	$136.97	$1.68M	$1.7M	+0.85%	0.06%	+0.1 bps	1
DFH	32,202	$29.00	—	$33.61	$933.86K	$1.08M	+15.90%	0.06%	+0.9 bps	1
ITB	11,350	$115.31	—	$123.15	$1.31M	$1.4M	+6.80%	0.05%	+0.4 bps	1
ABNB	7,055	$117.38	—	$116.85	$828.12K	$824.38K	-0.45%	0.05%	-0.0 bps	1
TSM	8,193	$172.04	—	$171.28	$1.41M	$1.4M	-0.44%	0.05%	-0.0 bps	1
GLD	4,206	$232.46	—	$232.02	$977.73K	$975.88K	-0.19%	0.04%	-0.0 bps	1
SITE	3,753	$136.56	—	$144.61	$512.51K	$542.72K	+5.89%	0.03%	+0.2 bps	1
SLV	23,000	$26.87	—	$27.20	$618.01K	$625.6K	+1.23%	0.02%	+0.0 bps	1
ODFL	2,362	$198.75	—	$203.77	$469.45K	$481.3K	+2.53%	0.02%	+0.1 bps	1
GBTC	7,442	$47.49	—	$50.79	$353.42K	$377.98K	+6.95%	0.02%	+0.1 bps	1
TJX	1,085	$113.31	—	$119.47	$122.94K	$129.62K	+5.44%	0.00%	+0.0 bps	1
CIEN	661	$54.60	—	$56.54	$36.09K	$37.37K	+3.55%	0.00%	+0.0 bps	1
Top 5 (by entry value)(5)					$785.59M	$795.62M	+1.28%
Total(53)					$2.38B	$2.45B	+2.81%

2024-08-14 → 2024-08-20

50 of 50 priced100.00% coverage

+2.43%

Holdings from Q2 2024 disclosure · accession 0001641864-24-000006 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	484,470	$438.47	—	$448.36	$212.43M	$217.22M	+2.26%	8.33%	+18.8 bps	1
AMETOP 5	936,696	$161.48	—	$164.86	$151.26M	$154.42M	+2.09%	6.60%	+13.8 bps	1
METATOP 5	297,713	$526.76	—	$526.73	$156.82M	$156.81M	-0.01%	6.34%	-0.0 bps	1
HEI-ATOP 5	723,697	$184.76	—	$187.70	$133.71M	$135.84M	+1.59%	5.43%	+8.6 bps	1
GOOG	647,436	$162.03	—	$168.96	$104.9M	$109.39M	+4.28%	5.02%	+21.5 bps	1
KMX	1,594,948	$77.45	—	$79.79	$123.53M	$127.26M	+3.02%	4.94%	+14.9 bps	1
PGRTOP 5	534,821	$234.34	—	$238.75	$125.33M	$127.69M	+1.88%	4.69%	+8.8 bps	1
V	386,967	$261.14	—	$268.04	$101.05M	$103.72M	+2.64%	4.29%	+11.3 bps	1
NVR	13,179	$8571.48	—	$8784.15	$112.96M	$115.77M	+2.48%	4.23%	+10.5 bps	1
IBP	471,552	$208.10	—	$207.62	$98.13M	$97.9M	-0.23%	4.10%	-0.9 bps	1
BKNG	20,003	$3572.58	—	$3702.50	$71.46M	$74.06M	+3.64%	3.35%	+12.2 bps	1
MEDP	188,094	$385.20	—	$389.35	$72.45M	$73.23M	+1.08%	3.27%	+3.5 bps	1
FIVE	697,875	$68.36	—	$77.31	$47.71M	$53.95M	+13.09%	3.21%	+42.1 bps	1
FI	484,933	$164.03	—	$168.04	$79.54M	$81.49M	+2.44%	3.05%	+7.5 bps	1
KEYS	479,558	$127.27	—	$138.57	$61.03M	$66.45M	+8.88%	2.77%	+24.6 bps	1
MKL	41,471	$1536.66	—	$1546.94	$63.73M	$64.15M	+0.67%	2.76%	+1.8 bps	1
SCHW	869,813	$65.36	—	$64.84	$56.85M	$56.4M	-0.80%	2.71%	-2.2 bps	1
GOOGL	310,083	$160.37	—	$167.18	$49.73M	$51.84M	+4.25%	2.39%	+10.1 bps	1
SBUX	715,626	$93.90	—	$93.01	$67.2M	$66.56M	-0.95%	2.35%	-2.2 bps	1
MTB	345,262	$160.16	—	$162.26	$55.3M	$56.02M	+1.31%	2.21%	+2.9 bps	1
OZK	1,194,539	$40.31	—	$41.13	$48.15M	$49.13M	+2.03%	2.07%	+4.2 bps	1
ADI	200,423	$215.32	—	$223.49	$43.16M	$44.79M	+3.79%	1.93%	+7.3 bps	1
EW	446,016	$66.50	—	$69.38	$29.66M	$30.94M	+4.33%	1.74%	+7.5 bps	1
BAC	986,115	$38.81	—	$38.69	$38.27M	$38.15M	-0.31%	1.66%	-0.5 bps	1
LULU	130,113	$240.49	—	$260.60	$31.29M	$33.91M	+8.36%	1.64%	+13.7 bps	1
ANET	97,619	$348.65	—	$353.79	$34.03M	$34.54M	+1.47%	1.45%	+2.1 bps	1
FBIN	445,631	$75.30	—	$77.18	$33.56M	$34.39M	+2.50%	1.22%	+3.1 bps	1
FND	276,298	$103.12	—	$106.34	$28.49M	$29.38M	+3.12%	1.16%	+3.6 bps	1
DIS	233,262	$86.30	—	$89.74	$20.13M	$20.93M	+3.99%	0.98%	+3.9 bps	1
LFUS	78,692	$251.82	—	$264.82	$19.82M	$20.84M	+5.16%	0.85%	+4.4 bps	1
CACC	25,107	$444.20	—	$463.59	$11.15M	$11.64M	+4.37%	0.55%	+2.4 bps	1
KNSL	32,744	$479.87	—	$474.89	$15.71M	$15.55M	-1.04%	0.53%	-0.6 bps	1
MA	23,524	$460.16	—	$469.12	$10.82M	$11.04M	+1.95%	0.44%	+0.9 bps	1
JPM	40,226	$210.24	—	$214.52	$8.46M	$8.63M	+2.04%	0.34%	+0.7 bps	1
ALGN	29,991	$220.03	—	$233.23	$6.6M	$6.99M	+6.00%	0.31%	+1.8 bps	1
FERG	29,765	$204.11	—	$206.55	$6.08M	$6.15M	+1.20%	0.24%	+0.3 bps	1
BRK-A	7	$657122.00	—	$672400.00	$4.6M	$4.71M	+2.33%	0.18%	+0.4 bps	1
SPY	4,752	$543.75	—	$558.70	$2.58M	$2.65M	+2.75%	0.11%	+0.3 bps	1
AAPL	10,027	$221.72	—	$226.51	$2.22M	$2.27M	+2.16%	0.09%	+0.2 bps	1
NVO	12,400	$134.42	—	$135.81	$1.67M	$1.68M	+1.03%	0.07%	+0.1 bps	1
CPRT	27,484	$50.99	—	$51.98	$1.4M	$1.43M	+1.94%	0.06%	+0.1 bps	1
TSM	8,163	$169.97	—	$172.04	$1.39M	$1.4M	+1.22%	0.06%	+0.1 bps	1
ITB	12,562	$112.59	—	$115.31	$1.41M	$1.45M	+2.42%	0.05%	+0.1 bps	1
ABNB	7,055	$116.24	—	$117.38	$820.07K	$828.12K	+0.98%	0.05%	+0.0 bps	1
GLD	4,206	$226.20	—	$232.46	$951.4K	$977.73K	+2.77%	0.04%	+0.1 bps	1
ODFL	4,724	$193.00	—	$198.75	$911.73K	$938.9K	+2.98%	0.04%	+0.1 bps	1
DFH	32,202	$28.74	—	$29.00	$925.49K	$933.86K	+0.90%	0.04%	+0.0 bps	1
SLV	23,000	$25.13	—	$26.87	$577.99K	$618.01K	+6.92%	0.03%	+0.2 bps	1
SITE	3,753	$133.80	—	$136.56	$502.15K	$512.51K	+2.06%	0.02%	+0.0 bps	1
GBTC	7,442	$46.99	—	$47.49	$349.7K	$353.42K	+1.06%	0.02%	+0.0 bps	1
Top 5 (by entry value)(5)					$779.55M	$791.98M	+1.60%
Total(50)					$2.35B	$2.41B	+2.43%

2024-01-25 → 2024-08-14

59 of 59 priced100.00% coverage

+4.16%

Holdings from Q3 2023 disclosure · accession 0001641864-24-000002 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	476,290	$380.85	—	$438.47	$181.4M	$208.84M	+15.13%	9.06%	+137.0 bps	1
AMETOP 5	897,056	$164.12	—	$161.48	$147.22M	$144.86M	-1.61%	7.19%	-11.6 bps	1
MKLTOP 5	84,525	$1471.93	—	$1536.66	$124.41M	$129.89M	+4.40%	6.76%	+29.7 bps	1
GOOGTOP 5	906,324	$153.64	—	$162.03	$139.25M	$146.85M	+5.46%	6.49%	+35.4 bps	1
KMX	1,520,438	$69.08	—	$77.45	$105.03M	$117.76M	+12.12%	5.84%	+70.7 bps	1
FIVETOP 5	644,566	$191.80	—	$68.36	$123.63M	$44.06M	-64.36%	5.63%	-362.3 bps	1
HEI-A	712,453	$144.46	—	$184.76	$102.92M	$131.63M	+27.90%	5.00%	+139.4 bps	1
V	371,370	$272.61	—	$261.14	$101.24M	$96.98M	-4.21%	4.64%	-19.5 bps	1
META	282,449	$393.18	—	$526.76	$111.05M	$148.78M	+33.97%	4.60%	+156.4 bps	1
NVR	12,674	$7019.11	—	$8571.48	$88.96M	$108.63M	+22.12%	4.10%	+90.7 bps	1
PGR	501,431	$178.01	—	$234.34	$89.26M	$117.51M	+31.64%	3.79%	+120.0 bps	1
KEYS	469,888	$155.60	—	$127.27	$73.11M	$59.8M	-18.21%	3.37%	-61.4 bps	1
FBIN	900,458	$78.83	—	$75.30	$70.98M	$67.8M	-4.48%	3.04%	-13.6 bps	1
IBP	432,898	$186.65	—	$208.10	$80.8M	$90.09M	+11.49%	2.93%	+33.7 bps	1
LULU	120,589	$474.30	—	$240.49	$57.2M	$29M	-49.30%	2.52%	-124.4 bps	1
SCHW	804,561	$63.71	—	$65.36	$51.26M	$52.59M	+2.59%	2.40%	+6.2 bps	1
MTB	342,119	$142.04	—	$160.16	$48.59M	$54.79M	+12.76%	2.35%	+30.0 bps	1
FI	319,094	$140.66	—	$164.03	$44.88M	$52.34M	+16.61%	1.96%	+32.5 bps	1
ADI	186,113	$197.30	—	$215.32	$36.72M	$40.07M	+9.13%	1.77%	+16.2 bps	1
GOOGL	234,124	$151.87	—	$160.37	$35.56M	$37.55M	+5.60%	1.66%	+9.3 bps	1
EW	440,602	$73.55	—	$66.50	$32.41M	$29.3M	-9.59%	1.66%	-15.9 bps	1
CIEN	635,463	$51.69	—	$50.03	$32.85M	$31.79M	-3.21%	1.63%	-5.2 bps	1
BAC	1,027,404	$33.39	—	$38.81	$34.31M	$39.87M	+16.23%	1.53%	+24.8 bps	1
FND	283,455	$107.87	—	$103.12	$30.58M	$29.23M	-4.40%	1.39%	-6.1 bps	1
COHR	707,710	$47.73	—	$66.99	$33.78M	$47.41M	+40.35%	1.25%	+50.6 bps	1
LFUS	76,018	$236.33	—	$251.82	$17.97M	$19.14M	+6.55%	1.02%	+6.7 bps	1
DIS	230,818	$94.86	—	$86.30	$21.9M	$19.92M	-9.02%	1.02%	-9.2 bps	1
ANET	98,700	$264.42	—	$348.65	$26.1M	$34.41M	+31.85%	0.99%	+31.4 bps	1
MBC	909,378	$14.40	—	$15.19	$13.1M	$13.81M	+5.49%	0.60%	+3.3 bps	1
ATHM	343,137	$25.00	—	$22.43	$8.58M	$7.7M	-10.28%	0.57%	-5.8 bps	1
CACC	22,104	$550.67	—	$444.20	$12.17M	$9.82M	-19.33%	0.55%	-10.7 bps	1
OZK	235,926	$48.50	—	$40.31	$11.44M	$9.51M	-16.89%	0.47%	-8.0 bps	1
MA	20,760	$436.80	—	$460.16	$9.07M	$9.55M	+5.35%	0.45%	+2.4 bps	1
JPM	36,606	$172.94	—	$210.24	$6.33M	$7.7M	+21.57%	0.29%	+6.2 bps	1
FERG	26,185	$188.81	—	$204.11	$4.94M	$5.34M	+8.10%	0.23%	+1.9 bps	1
BRK-A	6	$576211.00	—	$657122.00	$3.46M	$3.94M	+14.04%	0.17%	+2.4 bps	1
AAPL	14,349	$194.17	—	$221.72	$2.79M	$3.18M	+14.19%	0.13%	+1.9 bps	1
SPY	4,752	$488.03	—	$543.75	$2.32M	$2.58M	+11.42%	0.11%	+1.3 bps	1
ODFL	4,067	$395.44	×2	$193.00	$1.61M	$1.57M	-2.39%	0.09%	-0.2 bps	1
CPRT	27,484	$48.99	—	$50.99	$1.35M	$1.4M	+4.08%	0.06%	+0.3 bps	1
MSFT	3,600	$404.87	—	$416.86	$1.46M	$1.5M	+2.96%	0.06%	+0.2 bps	1
NVO	12,400	$105.68	—	$134.42	$1.31M	$1.67M	+27.20%	0.06%	+1.7 bps	1
ITB	13,962	$99.68	—	$112.59	$1.39M	$1.57M	+12.95%	0.06%	+0.8 bps	1
KNSL	2,555	$395.04	—	$479.87	$1.01M	$1.23M	+21.47%	0.06%	+1.2 bps	1
MEDP	3,760	$297.45	—	$385.20	$1.12M	$1.45M	+29.50%	0.05%	+1.5 bps	1
TJX	8,697	$95.51	—	$109.08	$830.65K	$948.67K	+14.21%	0.04%	+0.6 bps	1
GLD	4,206	$187.14	—	$226.20	$787.11K	$951.4K	+20.87%	0.04%	+0.8 bps	1
TSM	8,240	$116.56	—	$169.97	$960.45K	$1.4M	+45.82%	0.04%	+1.8 bps	1
BOOT	8,253	$73.00	—	$132.83	$602.47K	$1.1M	+81.96%	0.04%	+3.0 bps	1
ROP	1,335	$551.70	—	$528.00	$736.52K	$704.88K	-4.30%	0.04%	-0.2 bps	1
SITE	3,753	$155.84	—	$133.80	$584.87K	$502.15K	-14.14%	0.03%	-0.5 bps	1
SBUX	6,213	$92.61	—	$93.90	$575.39K	$583.4K	+1.39%	0.03%	+0.0 bps	1
FAST	8,954	$69.21	—	$66.27	$619.71K	$593.38K	-4.25%	0.03%	-0.1 bps	1
SLV	23,000	$20.94	—	$25.13	$481.62K	$577.99K	+20.01%	0.03%	+0.5 bps	1
BN	14,671	$40.91	—	$46.32	$600.19K	$679.56K	+13.22%	0.02%	+0.3 bps	1
BABA	5,004	$73.85	—	$79.47	$369.55K	$397.67K	+7.61%	0.02%	+0.2 bps	1
KNX	7,789	$57.90	—	$52.10	$450.98K	$405.81K	-10.02%	0.02%	-0.2 bps	1
GIB	1,678	$109.19	—	$107.74	$183.22K	$180.79K	-1.33%	0.01%	-0.0 bps	1
IYF	2,803	$87.03	—	$99.04	$243.95K	$277.61K	+13.80%	0.01%	+0.2 bps	1
Top 5 (by entry value)(5)					$715.91M	$674.5M	-5.78%
Total(59)					$2.13B	$2.22B	+4.16%

2023-08-07 → 2024-01-25

59 of 59 priced100.00% coverage

+6.51%

Holdings from Q2 2023 disclosure · accession 0001641864-23-000005 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	470,193	$362.58	—	$380.85	$170.48M	$179.07M	+5.04%	8.44%	+42.5 bps	1
AMETOP 5	892,500	$160.60	—	$164.12	$143.34M	$146.48M	+2.19%	7.60%	+16.7 bps	1
KMXTOP 5	1,500,240	$84.75	—	$69.08	$127.15M	$103.64M	-18.49%	6.61%	-122.2 bps	1
FIVETOP 5	633,721	$195.68	—	$191.80	$124.01M	$121.55M	-1.98%	6.55%	-13.0 bps	1
MKLTOP 5	83,806	$1498.75	—	$1471.93	$125.6M	$123.36M	-1.79%	6.10%	-10.9 bps	1
GOOG	907,036	$131.94	—	$153.64	$119.67M	$139.36M	+16.45%	5.77%	+94.9 bps	1
HEI-A	700,824	$142.46	—	$144.46	$99.84M	$101.24M	+1.40%	5.18%	+7.3 bps	1
V	371,511	$241.51	—	$272.61	$89.72M	$101.28M	+12.88%	4.64%	+59.8 bps	1
META	279,708	$316.56	—	$393.18	$88.54M	$109.98M	+24.20%	4.22%	+102.2 bps	1
NVR	12,610	$6387.74	—	$7019.11	$80.55M	$88.51M	+9.88%	4.21%	+41.6 bps	1
KEYS	469,858	$159.13	—	$155.60	$74.77M	$73.11M	-2.22%	4.14%	-9.2 bps	1
FBIN	901,842	$71.52	—	$78.83	$64.5M	$71.09M	+10.22%	3.41%	+34.9 bps	1
PGR	487,409	$127.66	—	$178.01	$62.22M	$86.76M	+39.44%	3.39%	+133.9 bps	1
IBP	428,356	$156.86	—	$186.65	$67.19M	$79.95M	+18.99%	3.16%	+60.0 bps	1
LULU	115,880	$382.50	—	$474.30	$44.32M	$54.96M	+24.00%	2.31%	+55.4 bps	1
SCHW	752,131	$65.97	—	$63.71	$49.62M	$47.92M	-3.43%	2.24%	-7.7 bps	1
MTB	338,586	$141.55	—	$142.04	$47.93M	$48.09M	+0.35%	2.20%	+0.8 bps	1
EW	439,896	$79.84	—	$73.55	$35.12M	$32.35M	-7.88%	2.18%	-17.2 bps	1
ADI	183,506	$190.10	—	$197.30	$34.88M	$36.21M	+3.79%	1.88%	+7.1 bps	1
FI	271,006	$125.88	—	$140.66	$34.11M	$38.12M	+11.74%	1.80%	+21.1 bps	1
CIEN	703,532	$41.84	—	$51.69	$29.44M	$36.37M	+23.54%	1.57%	+37.0 bps	1
FND	277,959	$103.92	—	$107.87	$28.89M	$29.98M	+3.80%	1.52%	+5.8 bps	1
BAC	985,876	$31.88	—	$33.39	$31.43M	$32.92M	+4.74%	1.49%	+7.0 bps	1
GOOGL	222,888	$131.53	—	$151.87	$29.32M	$33.85M	+15.46%	1.40%	+21.7 bps	1
LFUS	75,781	$256.66	—	$236.33	$19.45M	$17.91M	-7.92%	1.16%	-9.2 bps	1
DIS	230,556	$86.83	—	$94.86	$20.02M	$21.87M	+9.25%	1.08%	+10.0 bps	1
ANET	103,957	$179.27	—	$264.42	$18.64M	$27.49M	+47.50%	0.89%	+42.1 bps	1
MBC	910,934	$12.40	—	$14.40	$11.3M	$13.12M	+16.13%	0.56%	+9.0 bps	1
CACC	20,748	$499.18	—	$550.67	$10.36M	$11.43M	+10.31%	0.55%	+5.7 bps	1
ATHM	343,286	$31.09	—	$25.00	$10.67M	$8.58M	-19.59%	0.53%	-10.3 bps	1
SSNC	161,122	$57.21	—	$61.13	$9.22M	$9.85M	+6.85%	0.51%	+3.5 bps	1
OZK	210,522	$44.14	—	$48.50	$9.29M	$10.21M	+9.88%	0.44%	+4.4 bps	1
MA	19,308	$396.87	—	$436.80	$7.66M	$8.43M	+10.06%	0.40%	+4.0 bps	1
COHR	100,193	$50.67	—	$47.73	$5.08M	$4.78M	-5.80%	0.27%	-1.6 bps	1
JPM	34,095	$156.76	—	$172.94	$5.34M	$5.9M	+10.32%	0.26%	+2.7 bps	1
BRK-A	9	$551920.00	—	$576211.00	$4.97M	$5.19M	+4.40%	0.25%	+1.1 bps	1
AAPL	14,338	$178.85	—	$194.17	$2.56M	$2.78M	+8.57%	0.15%	+1.3 bps	1
SPY	4,752	$450.71	—	$488.03	$2.14M	$2.32M	+8.28%	0.11%	+0.9 bps	1
ODFL	4,067	$409.36	—	$395.44	$1.66M	$1.61M	-3.40%	0.08%	-0.3 bps	1
CPRT	13,742	$89.48	×2	$48.99	$1.23M	$1.35M	+9.50%	0.07%	+0.6 bps	1
MSFT	3,594	$330.11	—	$404.87	$1.19M	$1.46M	+22.65%	0.06%	+1.5 bps	1
ITB	13,205	$89.08	—	$99.68	$1.18M	$1.32M	+11.90%	0.06%	+0.7 bps	1
NVO	6,200	$161.36	×2	$105.68	$1M	$1.31M	+30.99%	0.05%	+1.6 bps	1
FAST	8,954	$57.23	—	$69.21	$512.44K	$619.71K	+20.93%	0.04%	+0.9 bps	1
TSM	8,240	$96.35	—	$116.56	$793.92K	$960.45K	+20.98%	0.04%	+0.9 bps	1
GLD	4,281	$179.78	—	$187.14	$769.64K	$801.15K	+4.09%	0.04%	+0.2 bps	1
TJX	8,697	$86.29	—	$95.51	$750.46K	$830.65K	+10.68%	0.04%	+0.4 bps	1
BOOT	8,253	$98.09	—	$73.00	$809.54K	$602.47K	-25.58%	0.04%	-0.9 bps	1
SITE	3,843	$164.81	—	$155.84	$633.36K	$598.89K	-5.44%	0.03%	-0.2 bps	1
SBUX	6,213	$101.74	—	$92.61	$632.11K	$575.39K	-8.97%	0.03%	-0.3 bps	1
ROP	1,245	$492.70	—	$551.70	$613.41K	$686.87K	+11.97%	0.03%	+0.4 bps	1
SNBR	21,057	$30.24	—	$10.98	$636.76K	$231.21K	-63.69%	0.03%	-1.9 bps	1
BN	16,223	$33.21	—	$40.91	$538.77K	$663.68K	+23.19%	0.03%	+0.7 bps	1
SLV	23,000	$21.21	—	$20.94	$487.83K	$481.62K	-1.27%	0.03%	-0.0 bps	1
LEVI	32,939	$14.45	—	$15.75	$475.97K	$518.79K	+9.00%	0.03%	+0.2 bps	1
KNX	7,789	$60.56	—	$57.90	$471.7K	$450.98K	-4.39%	0.02%	-0.1 bps	1
BABA	5,004	$96.56	—	$73.85	$483.19K	$369.55K	-23.52%	0.02%	-0.5 bps	1
GIB	1,665	$99.95	—	$109.19	$166.42K	$181.8K	+9.24%	0.01%	+0.1 bps	1
IYF	2,833	$79.57	—	$87.03	$225.42K	$246.56K	+9.38%	0.01%	+0.1 bps	1
Top 5 (by entry value)(5)					$690.57M	$674.09M	-2.39%
Total(59)					$1.95B	$2.08B	+6.51%

2023-05-17 → 2023-08-07

66 of 66 priced100.00% coverage

+9.56%

Holdings from Q4 2022 disclosure · accession 0001641864-23-000004 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	461,404	$327.39	—	$362.58	$151.06M	$167.3M	+10.75%	8.81%	+94.7 bps	1
AMETOP 5	853,298	$145.93	—	$160.60	$124.52M	$137.04M	+10.05%	7.37%	+74.1 bps	1
FIVETOP 5	618,351	$195.97	—	$195.68	$121.18M	$121M	-0.15%	6.76%	-1.0 bps	1
MKLTOP 5	81,360	$1348.09	—	$1498.75	$109.68M	$121.94M	+11.18%	6.63%	+74.1 bps	1
SCHW	1,242,854	$51.82	—	$65.97	$64.4M	$81.99M	+27.31%	6.40%	+174.7 bps	1
KMX	1,435,307	$71.95	—	$84.75	$103.27M	$121.64M	+17.79%	5.40%	+96.1 bps	1
HEI-A	670,900	$140.01	—	$142.46	$93.93M	$95.58M	+1.75%	4.97%	+8.7 bps	1
KEYS	462,986	$157.66	—	$159.13	$72.99M	$73.67M	+0.93%	4.90%	+4.6 bps	1
GOOGTOP 5	886,978	$121.48	—	$131.94	$107.75M	$117.03M	+8.61%	4.87%	+41.9 bps	1
V	358,387	$232.65	—	$241.51	$83.38M	$86.55M	+3.81%	4.60%	+17.5 bps	1
PGR	461,325	$136.60	—	$127.66	$63.02M	$58.89M	-6.54%	3.70%	-24.2 bps	1
NVR	12,489	$5833.16	—	$6387.74	$72.85M	$79.78M	+9.51%	3.56%	+33.9 bps	1
FBIN	896,997	$65.45	—	$71.52	$58.71M	$64.15M	+9.27%	3.17%	+29.4 bps	1
MTB	306,383	$119.98	—	$141.55	$36.76M	$43.37M	+17.98%	2.75%	+49.4 bps	1
IBP	413,320	$114.07	—	$156.86	$47.15M	$64.83M	+37.51%	2.19%	+82.0 bps	1
LULU	109,845	$372.22	—	$382.50	$40.89M	$42.02M	+2.76%	2.18%	+6.0 bps	1
CIEN	680,657	$44.50	—	$41.84	$30.29M	$28.48M	-5.98%	2.15%	-12.8 bps	1
META	270,786	$242.49	—	$316.56	$65.66M	$85.72M	+30.55%	2.01%	+61.5 bps	1
EW	426,173	$87.66	—	$79.84	$37.36M	$34.03M	-8.92%	1.97%	-17.5 bps	1
BAC	935,610	$28.57	—	$31.88	$26.73M	$29.83M	+11.59%	1.92%	+22.2 bps	1
FRCB	236,893	$0.38	—	$0.32	$90.02K	$75.83K	-15.76%	1.78%	-28.1 bps	1
SSNC	407,613	$55.53	—	$57.21	$22.63M	$23.32M	+3.03%	1.31%	+4.0 bps	1
DIS	226,010	$92.77	—	$86.83	$20.97M	$19.62M	-6.40%	1.21%	-7.8 bps	1
FND	266,334	$91.37	—	$103.92	$24.33M	$27.68M	+13.74%	1.15%	+15.7 bps	1
GOOGL	208,280	$120.84	—	$131.53	$25.17M	$27.4M	+8.85%	1.14%	+10.0 bps	1
LFUS	69,415	$266.26	—	$256.66	$18.48M	$17.82M	-3.61%	0.94%	-3.4 bps	1
ANET	101,235	$135.83	—	$179.27	$13.75M	$18.15M	+31.98%	0.76%	+24.3 bps	1
ATHM	336,071	$32.17	—	$31.09	$10.81M	$10.45M	-3.36%	0.64%	-2.1 bps	1
SNBR	380,263	$19.92	—	$30.24	$7.57M	$11.5M	+51.81%	0.61%	+31.6 bps	1
CACC	18,480	$436.87	—	$499.18	$8.07M	$9.22M	+14.26%	0.54%	+7.7 bps	1
OZK	209,356	$35.18	—	$44.14	$7.37M	$9.24M	+25.47%	0.52%	+13.2 bps	1
MBC	900,142	$10.50	—	$12.40	$9.45M	$11.16M	+18.10%	0.42%	+7.6 bps	1
MA	17,394	$387.00	—	$396.87	$6.73M	$6.9M	+2.55%	0.37%	+1.0 bps	1
ADI	27,990	$187.96	—	$190.10	$5.26M	$5.32M	+1.14%	0.28%	+0.3 bps	1
BRK-A	9	$500600.00	—	$551920.00	$4.51M	$4.97M	+10.25%	0.26%	+2.7 bps	1
JPM	31,241	$138.45	—	$156.76	$4.33M	$4.9M	+13.23%	0.26%	+3.4 bps	1
COHR	85,524	$29.52	—	$50.67	$2.52M	$4.33M	+71.65%	0.19%	+13.3 bps	1
VOO	6,900	$381.45	—	$414.08	$2.63M	$2.86M	+8.55%	0.15%	+1.3 bps	1
AAPL	14,638	$172.69	—	$178.85	$2.53M	$2.62M	+3.57%	0.12%	+0.4 bps	1
SPY	4,761	$415.23	—	$450.71	$1.98M	$2.15M	+8.54%	0.11%	+1.0 bps	1
ICE	13,438	$108.60	—	$116.07	$1.46M	$1.56M	+6.88%	0.09%	+0.6 bps	1
ODFL	4,067	$303.76	—	$409.36	$1.24M	$1.66M	+34.76%	0.07%	+2.5 bps	1
TSM	15,066	$90.88	—	$96.35	$1.37M	$1.45M	+6.02%	0.07%	+0.4 bps	1
UNH	1,733	$484.81	—	$510.74	$840.18K	$885.11K	+5.35%	0.06%	+0.3 bps	1
MSFT	3,578	$314.00	—	$330.11	$1.12M	$1.18M	+5.13%	0.05%	+0.3 bps	1
NVO	6,200	$167.10	—	$161.36	$1.04M	$1M	-3.44%	0.05%	-0.2 bps	1
CPRT	13,742	$82.00	—	$89.48	$1.13M	$1.23M	+9.12%	0.05%	+0.5 bps	1
TJX	9,197	$78.95	—	$86.29	$726.1K	$793.61K	+9.30%	0.05%	+0.4 bps	1
GLD	4,265	$184.23	—	$179.78	$785.74K	$766.76K	-2.42%	0.04%	-0.1 bps	1
ITB	10,551	$76.77	—	$89.08	$810K	$939.88K	+16.03%	0.04%	+0.6 bps	1
ROP	1,460	$454.43	—	$492.70	$663.47K	$719.34K	+8.42%	0.04%	+0.3 bps	1
SBUX	6,265	$105.69	—	$101.74	$662.15K	$637.4K	-3.74%	0.04%	-0.1 bps	1
BN	16,650	$31.06	—	$33.21	$517.15K	$552.95K	+6.92%	0.03%	+0.2 bps	1
BOOT	8,253	$74.80	—	$98.09	$617.32K	$809.54K	+31.14%	0.03%	+1.0 bps	1
LEVI	32,939	$13.35	—	$14.45	$439.74K	$475.97K	+8.24%	0.03%	+0.3 bps	1
SLV	23,000	$21.82	—	$21.21	$501.86K	$487.83K	-2.80%	0.03%	-0.1 bps	1
J	4,114	$115.70	—	$128.49	$475.99K	$528.61K	+11.05%	0.03%	+0.3 bps	1
FAST	9,704	$54.22	—	$57.23	$526.15K	$555.36K	+5.55%	0.03%	+0.2 bps	1
SITE	3,753	$149.47	—	$164.81	$560.96K	$618.53K	+10.26%	0.03%	+0.3 bps	1
BABA	4,976	$90.68	—	$96.56	$451.22K	$480.48K	+6.48%	0.03%	+0.2 bps	1
KNX	8,046	$55.75	—	$60.56	$448.56K	$487.27K	+8.63%	0.03%	+0.2 bps	1
IYF	3,051	$71.50	—	$79.57	$218.15K	$242.77K	+11.29%	0.01%	+0.2 bps	1
COST	350	$495.00	—	$558.41	$173.25K	$195.44K	+12.81%	0.01%	+0.1 bps	1
GIB	1,665	$104.02	—	$99.95	$173.19K	$166.42K	-3.91%	0.01%	-0.0 bps	1
RMD	437	$223.97	—	$186.67	$97.87K	$81.57K	-16.65%	0.01%	-0.1 bps	1
RBA	1,070	$51.85	—	$58.54	$55.48K	$62.64K	+12.90%	0.00%	+0.0 bps	1
Top 5 (by entry value)(5)					$614.19M	$664.3M	+8.16%
Total(66)					$1.73B	$1.89B	+9.56%

2023-05-12 → 2023-05-17

60 of 60 priced100.00% coverage

+1.87%

Holdings from Q1 2023 disclosure · accession 0001641864-23-000003 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	444,970	$322.49	—	$327.39	$143.5M	$145.68M	+1.52%	8.28%	+12.6 bps	1
FIVETOP 5	601,994	$196.23	—	$195.97	$118.13M	$117.97M	-0.13%	7.47%	-1.0 bps	1
AMETOP 5	841,608	$145.42	—	$145.93	$122.39M	$122.82M	+0.35%	7.37%	+2.6 bps	1
MKLTOP 5	79,596	$1369.02	—	$1348.09	$108.97M	$107.3M	-1.53%	6.12%	-9.4 bps	1
KMX	1,428,059	$71.16	—	$71.95	$101.62M	$102.75M	+1.11%	5.53%	+6.1 bps	1
GOOGTOP 5	862,076	$117.92	—	$121.48	$101.66M	$104.72M	+3.02%	5.40%	+16.3 bps	1
HEI-A	656,986	$131.85	—	$140.01	$86.62M	$91.98M	+6.19%	5.38%	+33.3 bps	1
V	353,075	$231.38	—	$232.65	$81.69M	$82.14M	+0.55%	4.80%	+2.6 bps	1
KEYS	445,435	$145.27	—	$157.66	$64.71M	$70.23M	+8.53%	4.33%	+37.0 bps	1
PGR	481,231	$133.43	—	$136.60	$64.21M	$65.74M	+2.38%	4.15%	+9.9 bps	1
NVR	12,126	$5822.41	—	$5833.16	$70.6M	$70.73M	+0.18%	4.07%	+0.8 bps	1
SCHW	1,221,330	$48.94	—	$51.82	$59.77M	$63.29M	+5.88%	3.85%	+22.7 bps	1
META	263,471	$233.81	—	$242.49	$61.6M	$63.89M	+3.71%	3.36%	+12.5 bps	1
FBIN	897,630	$65.25	—	$65.45	$58.57M	$58.75M	+0.31%	3.18%	+1.0 bps	1
IBP	424,109	$113.10	—	$114.07	$47.97M	$48.38M	+0.86%	2.91%	+2.5 bps	1
LULU	114,077	$376.20	—	$372.22	$42.92M	$42.46M	-1.06%	2.50%	-2.6 bps	1
MTB	297,819	$111.43	—	$119.98	$33.19M	$35.73M	+7.67%	2.15%	+16.5 bps	1
CIEN	666,676	$43.41	—	$44.50	$28.94M	$29.67M	+2.51%	2.11%	+5.3 bps	1
EW	414,975	$89.18	—	$87.66	$37.01M	$36.38M	-1.70%	2.07%	-3.5 bps	1
FI	260,671	$119.45	—	$119.69	$31.14M	$31.2M	+0.20%	1.77%	+0.4 bps	1
FND	265,344	$92.57	—	$91.37	$24.56M	$24.24M	-1.30%	1.57%	-2.0 bps	1
BAC	900,241	$27.09	—	$28.57	$24.39M	$25.72M	+5.46%	1.55%	+8.5 bps	1
DIS	228,988	$91.99	—	$92.77	$21.06M	$21.24M	+0.85%	1.38%	+1.2 bps	1
GOOGL	213,177	$117.51	—	$120.84	$25.05M	$25.76M	+2.83%	1.33%	+3.8 bps	1
LFUS	69,861	$254.93	—	$266.26	$17.81M	$18.6M	+4.44%	1.13%	+5.0 bps	1
ANET	100,452	$138.63	—	$135.83	$13.93M	$13.64M	-2.02%	1.02%	-2.1 bps	1
ATHM	341,890	$30.90	—	$32.17	$10.56M	$11M	+4.11%	0.69%	+2.8 bps	1
SSNC	155,728	$54.96	—	$55.53	$8.56M	$8.65M	+1.04%	0.53%	+0.5 bps	1
CACC	20,156	$429.90	—	$436.87	$8.67M	$8.81M	+1.62%	0.53%	+0.9 bps	1
MBC	865,963	$10.24	—	$10.50	$8.87M	$9.09M	+2.54%	0.42%	+1.1 bps	1
OZK	200,256	$31.66	—	$35.18	$6.34M	$7.05M	+11.12%	0.41%	+4.6 bps	1
MA	18,836	$381.92	—	$387.00	$7.19M	$7.29M	+1.33%	0.41%	+0.5 bps	1
ADI	30,029	$180.57	—	$187.96	$5.42M	$5.64M	+4.09%	0.36%	+1.5 bps	1
JPM	33,026	$134.10	—	$138.45	$4.43M	$4.57M	+3.24%	0.26%	+0.8 bps	1
BRK-A	9	$491182.00	—	$500600.00	$4.42M	$4.51M	+1.92%	0.25%	+0.5 bps	1
COHR	96,526	$27.81	—	$29.52	$2.68M	$2.85M	+6.15%	0.22%	+1.4 bps	1
AAPL	14,638	$172.57	—	$172.69	$2.53M	$2.53M	+0.07%	0.15%	+0.0 bps	1
SPY	4,761	$411.59	—	$415.23	$1.96M	$1.98M	+0.88%	0.12%	+0.1 bps	1
ODFL	4,067	$308.07	—	$303.76	$1.25M	$1.24M	-1.40%	0.08%	-0.1 bps	1
TSM	14,197	$83.43	—	$90.88	$1.18M	$1.29M	+8.93%	0.08%	+0.7 bps	1
CPRT	13,742	$81.81	—	$82.00	$1.12M	$1.13M	+0.23%	0.06%	+0.0 bps	1
MSFT	3,578	$308.97	—	$314.00	$1.11M	$1.12M	+1.63%	0.06%	+0.1 bps	1
NVO	6,200	$171.27	—	$167.10	$1.06M	$1.04M	-2.43%	0.06%	-0.1 bps	1
GLD	4,265	$186.81	—	$184.23	$796.74K	$785.74K	-1.38%	0.05%	-0.1 bps	1
BN	16,223	$30.35	—	$31.06	$492.37K	$503.89K	+2.34%	0.04%	+0.1 bps	1
TJX	8,697	$78.99	—	$78.95	$686.98K	$686.63K	-0.05%	0.04%	-0.0 bps	1
SBUX	6,265	$106.12	—	$105.69	$664.84K	$662.15K	-0.41%	0.04%	-0.0 bps	1
SNBR	21,079	$21.15	—	$19.92	$445.82K	$419.89K	-5.82%	0.04%	-0.2 bps	1
BOOT	8,253	$71.01	—	$74.80	$586.05K	$617.32K	+5.34%	0.04%	+0.2 bps	1
LEVI	32,939	$13.52	—	$13.35	$445.34K	$439.74K	-1.26%	0.04%	-0.0 bps	1
ROP	1,335	$461.71	—	$454.43	$616.38K	$606.66K	-1.58%	0.04%	-0.1 bps	1
SITE	3,753	$148.63	—	$149.47	$557.81K	$560.96K	+0.57%	0.03%	+0.0 bps	1
BABA	5,004	$85.34	—	$90.68	$427.04K	$453.76K	+6.26%	0.03%	+0.2 bps	1
SLV	23,000	$22.02	—	$21.82	$506.46K	$501.86K	-0.91%	0.03%	-0.0 bps	1
FAST	8,954	$54.75	—	$54.22	$490.23K	$485.49K	-0.97%	0.03%	-0.0 bps	1
KNX	8,046	$57.28	—	$55.75	$460.87K	$448.56K	-2.67%	0.03%	-0.1 bps	1
ITB	4,908	$75.67	—	$76.77	$371.39K	$376.79K	+1.45%	0.02%	+0.0 bps	1
J	2,458	$115.14	—	$115.70	$283.01K	$284.39K	+0.49%	0.02%	+0.0 bps	1
GIB	1,665	$102.66	—	$104.02	$170.93K	$173.19K	+1.32%	0.01%	+0.0 bps	1
IYF	2,877	$70.00	—	$71.50	$201.39K	$205.71K	+2.14%	0.01%	+0.0 bps	1
Top 5 (by entry value)(5)					$594.64M	$598.49M	+0.65%
Total(60)					$1.68B	$1.71B	+1.87%

2022-11-14 → 2023-05-12

63 of 63 priced100.00% coverage

+4.31%

Holdings from Q3 2022 disclosure · accession 0001641864-22-000006 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	462,807	$308.91	—	$322.49	$142.97M	$149.25M	+4.40%	8.37%	+36.8 bps	1
AMETOP 5	846,848	$137.78	—	$145.42	$116.68M	$123.15M	+5.55%	6.50%	+36.1 bps	1
MKLTOP 5	82,153	$1271.18	—	$1369.02	$104.43M	$112.47M	+7.70%	6.03%	+46.4 bps	1
SCHWTOP 5	1,228,551	$76.47	—	$48.94	$93.95M	$60.13M	-36.00%	5.98%	-215.3 bps	1
GOOG	893,040	$96.03	—	$117.92	$85.76M	$105.31M	+22.80%	5.82%	+132.6 bps	1
FIVETOP 5	616,382	$151.36	—	$196.23	$93.3M	$120.95M	+29.64%	5.75%	+170.4 bps	1
KMX	1,227,537	$73.97	—	$71.16	$90.8M	$87.35M	-3.80%	5.49%	-20.9 bps	1
HEI-A	665,048	$123.46	—	$131.85	$82.11M	$87.69M	+6.80%	5.16%	+35.1 bps	1
KEYS	465,237	$171.04	—	$145.27	$79.57M	$67.58M	-15.07%	4.96%	-74.7 bps	1
V	360,179	$206.86	—	$231.38	$74.51M	$83.34M	+11.85%	4.33%	+51.4 bps	1
MTB	302,370	$165.85	—	$111.43	$50.15M	$33.69M	-32.81%	3.61%	-118.5 bps	1
PGR	450,924	$122.98	—	$133.43	$55.45M	$60.17M	+8.50%	3.55%	+30.2 bps	1
NVR	12,696	$4354.74	—	$5822.41	$55.29M	$73.92M	+33.70%	3.43%	+115.6 bps	1
META	268,430	$114.22	—	$233.81	$30.66M	$62.76M	+104.70%	2.47%	+258.3 bps	1
EW	430,196	$73.51	—	$89.18	$31.62M	$38.36M	+21.32%	2.41%	+51.3 bps	1
FBIN	635,395	$65.44	×1.17	$65.25	$41.58M	$48.51M	+16.66%	2.31%	+38.5 bps	1
SSNC	712,786	$52.59	—	$54.96	$37.49M	$39.17M	+4.51%	2.31%	+10.4 bps	1
IBP	413,974	$79.48	—	$113.10	$32.9M	$46.82M	+42.30%	2.27%	+96.1 bps	1
ICE	350,613	$104.10	—	$108.59	$36.5M	$38.07M	+4.31%	2.15%	+9.3 bps	1
FRCB	219,420	$123.81	—	$0.39	$27.17M	$86.06K	-99.68%	1.94%	-193.4 bps	1
BAC	931,088	$37.76	—	$27.09	$35.16M	$25.22M	-28.26%	1.90%	-53.8 bps	1
CIEN	682,286	$44.69	—	$43.41	$30.49M	$29.62M	-2.86%	1.87%	-5.4 bps	1
DIS	225,258	$94.28	—	$91.99	$21.24M	$20.72M	-2.43%	1.44%	-3.5 bps	1
GOOGL	199,944	$95.70	—	$117.51	$19.13M	$23.5M	+22.79%	1.30%	+29.5 bps	1
LULU	59,953	$352.74	—	$376.20	$21.15M	$22.55M	+6.65%	1.14%	+7.5 bps	1
FND	235,613	$77.47	—	$92.57	$18.25M	$21.81M	+19.49%	1.12%	+21.9 bps	1
LFUS	69,928	$236.69	—	$254.93	$16.55M	$17.83M	+7.71%	0.94%	+7.3 bps	1
SNBR	386,262	$32.75	—	$21.15	$12.65M	$8.17M	-35.42%	0.88%	-31.3 bps	1
ANET	93,983	$131.20	—	$138.63	$12.33M	$13.03M	+5.66%	0.72%	+4.1 bps	1
ATHM	341,881	$30.13	—	$30.90	$10.3M	$10.56M	+2.56%	0.67%	+1.7 bps	1
OZK	211,023	$47.58	—	$31.66	$10.04M	$6.68M	-33.46%	0.57%	-18.9 bps	1
CACC	16,534	$503.06	—	$429.90	$8.32M	$7.11M	-14.54%	0.49%	-7.1 bps	1
MA	15,507	$339.37	—	$381.92	$5.26M	$5.92M	+12.54%	0.30%	+3.7 bps	1
ADI	26,135	$161.26	—	$180.57	$4.21M	$4.72M	+11.97%	0.25%	+3.0 bps	1
BRK-A	8	$466600.00	—	$491182.00	$3.73M	$3.93M	+5.27%	0.22%	+1.2 bps	1
JPM	28,519	$133.91	—	$134.10	$3.82M	$3.82M	+0.14%	0.20%	+0.0 bps	1
COHR	74,202	$37.89	—	$27.81	$2.81M	$2.06M	-26.60%	0.18%	-4.7 bps	1
AAPL	14,638	$148.28	—	$172.57	$2.17M	$2.53M	+16.38%	0.14%	+2.2 bps	1
SPY	4,761	$395.12	—	$411.59	$1.88M	$1.96M	+4.17%	0.12%	+0.5 bps	1
ODFL	4,067	$314.27	—	$308.07	$1.28M	$1.25M	-1.97%	0.07%	-0.1 bps	1
MSFT	3,578	$241.55	—	$308.97	$864.27K	$1.11M	+27.91%	0.06%	+1.6 bps	1
CPRT	6,871	$122.48	—	$163.62	$841.56K	$1.12M	+33.59%	0.05%	+1.7 bps	1
BAM	16,650	$45.63	×1.237	$30.35	$759.74K	$625.09K	-17.72%	0.05%	-0.8 bps	1
GLD	4,265	$164.92	—	$186.81	$703.38K	$796.74K	+13.27%	0.04%	+0.6 bps	1
NVO	6,200	$114.43	—	$171.27	$709.47K	$1.06M	+49.67%	0.04%	+2.1 bps	1
TJX	9,197	$73.06	—	$78.99	$671.93K	$726.47K	+8.12%	0.04%	+0.3 bps	1
TSM	8,240	$72.80	—	$83.43	$599.87K	$687.46K	+14.60%	0.04%	+0.6 bps	1
SBUX	6,265	$97.42	—	$106.12	$610.34K	$664.84K	+8.93%	0.04%	+0.3 bps	1
ROP	1,460	$432.59	—	$461.71	$631.58K	$674.1K	+6.73%	0.04%	+0.2 bps	1
BOOT	8,253	$61.67	—	$71.01	$508.96K	$586.05K	+15.15%	0.03%	+0.5 bps	1
ITB	9,254	$58.43	—	$75.67	$540.71K	$700.25K	+29.51%	0.03%	+1.0 bps	1
LEVI	32,939	$15.97	—	$13.52	$526.04K	$445.34K	-15.34%	0.03%	-0.5 bps	1
FAST	9,704	$51.68	—	$54.75	$501.5K	$531.29K	+5.94%	0.03%	+0.2 bps	1
SLV	23,000	$20.24	—	$22.02	$465.52K	$506.46K	+8.79%	0.03%	+0.2 bps	1
BABA	4,976	$71.33	—	$85.34	$354.94K	$424.65K	+19.64%	0.03%	+0.5 bps	1
KNX	8,046	$54.78	—	$57.28	$440.76K	$460.87K	+4.56%	0.03%	+0.1 bps	1
SITE	3,753	$127.24	—	$148.63	$477.53K	$557.81K	+16.81%	0.03%	+0.4 bps	1
IYF	3,110	$78.33	—	$70.00	$243.61K	$217.7K	-10.63%	0.01%	-0.2 bps	1
COST	350	$509.68	—	$504.07	$178.39K	$176.42K	-1.10%	0.01%	-0.0 bps	1
LLY	432	$356.06	—	$434.43	$153.82K	$187.67K	+22.01%	0.01%	+0.2 bps	1
GIB	1,665	$82.63	—	$102.66	$137.58K	$170.93K	+24.24%	0.01%	+0.2 bps	1
RMD	437	$220.88	—	$233.50	$96.52K	$102.04K	+5.71%	0.01%	+0.0 bps	1
RBA	1,070	$55.99	—	$53.29	$59.91K	$57.02K	-4.82%	0.00%	-0.0 bps	1
Top 5 (by entry value)(5)					$551.32M	$565.95M	+2.65%
Total(63)					$1.61B	$1.68B	+4.31%

2022-08-12 → 2022-11-14

62 of 63 priced99.76% coverage

-7.29%

Holdings from Q2 2022 disclosure · accession 0001641864-22-000005 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	457,702	$301.55	—	$308.91	$138.02M	$141.39M	+2.44%	8.23%	+20.1 bps	1
KMXTOP 5	1,196,904	$101.59	—	$73.97	$121.59M	$88.53M	-27.19%	7.14%	-194.0 bps	1
MKLTOP 5	80,529	$1227.66	—	$1271.18	$98.86M	$102.37M	+3.55%	6.86%	+24.3 bps	1
GOOGTOP 5	44,012	$2453.00	—	$1920.60	$107.96M	$84.53M	-21.70%	6.34%	-137.7 bps	1
AMETOP 5	827,669	$129.31	—	$137.78	$107.03M	$114.04M	+6.55%	5.99%	+39.3 bps	1
SCHW	1,193,743	$75.00	—	$76.47	$89.53M	$91.29M	+1.96%	4.97%	+9.7 bps	1
HEI-A	657,751	$130.64	—	$123.46	$85.93M	$81.21M	-5.50%	4.57%	-25.1 bps	1
V	351,620	$211.33	—	$206.86	$74.31M	$72.74M	-2.12%	4.56%	-9.6 bps	1
FIVE	609,291	$140.08	—	$151.36	$85.35M	$92.22M	+8.05%	4.55%	+36.7 bps	1
PGR	578,839	$121.77	—	$122.98	$70.49M	$71.19M	+0.99%	4.43%	+4.4 bps	1
NVR	16,512	$4454.72	—	$4354.74	$73.56M	$71.91M	-2.24%	4.36%	-9.8 bps	1
KEYS	458,119	$169.60	—	$171.04	$77.7M	$78.36M	+0.85%	4.16%	+3.5 bps	1
MTB	298,520	$189.82	—	$165.85	$56.67M	$49.51M	-12.63%	3.13%	-39.6 bps	1
META	263,790	$180.50	—	$114.22	$47.61M	$30.13M	-36.72%	2.80%	-102.9 bps	1
SSNC	700,520	$62.71	—	$52.59	$43.93M	$36.84M	-16.14%	2.68%	-43.3 bps	1
EW	416,882	$104.80	—	$73.51	$43.69M	$30.64M	-29.86%	2.61%	-78.0 bps	1
FBIN	618,147	$69.49	—	$65.44	$42.96M	$40.45M	-5.83%	2.44%	-14.2 bps	1
IBP	407,893	$104.80	—	$79.48	$42.75M	$32.42M	-24.16%	2.23%	-54.0 bps	1
ICE	344,403	$109.68	—	$104.10	$37.77M	$35.85M	-5.09%	2.13%	-10.9 bps	1
JPM	284,157	$122.13	—	$133.91	$34.7M	$38.05M	+9.65%	2.11%	+20.3 bps	1
CIEN	674,517	$54.70	—	$44.69	$36.9M	$30.14M	-18.30%	2.03%	-37.2 bps	1
BAC	928,977	$36.30	—	$37.76	$33.72M	$35.08M	+4.02%	1.91%	+7.7 bps	1
DIS	222,976	$121.57	—	$94.28	$27.11M	$21.02M	-22.45%	1.39%	-31.1 bps	1
GOOGL	9,603	$2433.60	—	$1914.00	$23.37M	$18.38M	-21.35%	1.38%	-29.4 bps	1
LFUS	69,179	$252.91	—	$236.69	$17.5M	$16.37M	-6.41%	1.16%	-7.4 bps	1
ATHM	338,167	$35.23	—	$30.13	$11.91M	$10.19M	-14.48%	0.88%	-12.7 bps	1
SNBR	382,403	$48.53	—	$32.75	$18.56M	$12.52M	-32.52%	0.78%	-25.4 bps	1
ANET	90,579	$126.86	—	$131.20	$11.49M	$11.88M	+3.42%	0.56%	+1.9 bps	1
OZK	208,055	$43.03	—	$47.58	$8.95M	$9.9M	+10.57%	0.51%	+5.4 bps	1
CACC	15,522	$557.78	—	$503.06	$8.66M	$7.81M	-9.81%	0.48%	-4.7 bps	1
MA	15,010	$354.27	—	$339.37	$5.32M	$5.09M	-4.21%	0.31%	-1.3 bps	1
FRCB	29,056	$168.90	—	$123.81	$4.91M	$3.6M	-26.70%	0.28%	-7.4 bps	1
ADI	25,386	$179.26	—	$161.26	$4.55M	$4.09M	-10.04%	0.24%	-2.5 bps	1
BRK-A	8	$452697.00	—	$466600.00	$3.62M	$3.73M	+3.07%	0.22%	+0.7 bps	1
FND	50,835	$94.03	—	$77.47	$4.78M	$3.94M	-17.61%	0.21%	-3.7 bps	1
AAPL	14,638	$172.10	—	$148.28	$2.52M	$2.17M	-13.84%	0.13%	-1.8 bps	1
SPY	4,770	$427.10	—	$395.12	$2.04M	$1.88M	-7.49%	0.12%	-0.9 bps	1
LULU	4,615	$321.69	—	$352.74	$1.48M	$1.63M	+9.65%	0.08%	+0.8 bps	1
ODFL	4,067	$314.31	—	$314.27	$1.28M	$1.28M	-0.01%	0.07%	-0.0 bps	1
MSFT	3,578	$291.91	—	$241.55	$1.04M	$864.27K	-17.25%	0.06%	-1.0 bps	1
BAM	16,989	$53.72	—	$45.63	$912.65K	$775.21K	-15.06%	0.05%	-0.8 bps	1
CPRT	6,871	$129.97	×2	$61.24	$893.02K	$841.56K	-5.76%	0.05%	-0.3 bps	1
GLD	4,265	$167.87	—	$164.92	$715.97K	$703.38K	-1.76%	0.05%	-0.1 bps	1
NVO	6,200	$107.50	—	$114.43	$666.5K	$709.47K	+6.45%	0.05%	+0.3 bps	1
TSM	8,240	$90.86	—	$72.80	$748.69K	$599.87K	-19.88%	0.04%	-0.9 bps	1
ROP	1,460	$439.10	—	$432.59	$641.09K	$631.58K	-1.48%	0.04%	-0.1 bps	1
BABA	5,051	$94.77	—	$71.33	$478.68K	$360.29K	-24.73%	0.04%	-0.9 bps	1
BOOT	8,253	$73.69	—	$61.67	$608.16K	$508.96K	-16.31%	0.04%	-0.6 bps	1
LEVI	32,939	$19.53	—	$15.97	$643.3K	$526.04K	-18.23%	0.04%	-0.6 bps	1
TJX	9,197	$65.47	—	$73.06	$602.13K	$671.93K	+11.59%	0.03%	+0.4 bps	1
FAST	9,704	$55.78	—	$51.68	$541.29K	$501.5K	-7.35%	0.03%	-0.2 bps	1
SBUX	6,322	$88.31	—	$97.42	$558.3K	$615.89K	+10.32%	0.03%	+0.3 bps	1
ITB	8,578	$62.91	—	$58.43	$539.64K	$501.21K	-7.12%	0.03%	-0.2 bps	1
SITE	3,753	$140.23	—	$127.24	$526.28K	$477.53K	-9.26%	0.03%	-0.3 bps	1
SLV	23,000	$19.17	—	$20.24	$440.91K	$465.52K	+5.58%	0.03%	+0.2 bps	1
KNX	8,046	$56.41	—	$54.78	$453.87K	$440.76K	-2.89%	0.02%	-0.1 bps	1
IYF	3,110	$79.30	—	$78.33	$246.62K	$243.61K	-1.22%	0.01%	-0.0 bps	1
COST	350	$537.21	—	$509.68	$188.02K	$178.39K	-5.12%	0.01%	-0.1 bps	1
LLY	432	$308.08	—	$356.06	$133.09K	$153.82K	+15.57%	0.01%	+0.1 bps	1
GIB	1,665	$86.37	—	$82.63	$143.81K	$137.58K	-4.33%	0.01%	-0.0 bps	1
RMD	437	$239.99	—	$220.88	$104.88K	$96.52K	-7.96%	0.01%	-0.0 bps	1
RBA	1,070	$71.33	—	$55.99	$76.32K	$59.91K	-21.51%	0.00%	-0.1 bps	1
IIVI	—	—	—	—	—	—	—	0.24%	—	0
Top 5 (by entry value)(5)					$573.46M	$530.86M	-7.43%
Total(62)					$1.72B	$1.6B	-7.29%

2022-05-12 → 2022-08-12

62 of 63 priced99.71% coverage

+8.35%

Holdings from Q1 2022 disclosure · accession 0001641864-22-000004 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	437,906	$308.06	—	$301.55	$134.9M	$132.05M	-2.11%	8.72%	-18.4 bps	1
GOOGTOP 5	41,581	$2263.22	×20	$122.65	$94.11M	$102M	+8.39%	6.56%	+55.0 bps	1
MKLTOP 5	78,559	$1291.06	—	$1227.66	$101.42M	$96.44M	-4.91%	6.54%	-32.1 bps	1
KMXTOP 5	1,151,981	$91.26	—	$101.59	$105.13M	$117.03M	+11.32%	6.27%	+71.0 bps	1
AMETOP 5	805,918	$120.41	—	$129.31	$97.04M	$104.21M	+7.39%	6.06%	+44.8 bps	1
SCHW	1,152,883	$64.95	—	$75.00	$74.88M	$86.47M	+15.47%	5.49%	+84.9 bps	1
HEI-A	631,922	$108.70	—	$130.64	$68.69M	$82.55M	+20.18%	5.48%	+110.5 bps	1
PGR	719,935	$108.80	—	$121.77	$78.33M	$87.67M	+11.92%	4.63%	+55.2 bps	1
FIVE	494,638	$139.09	—	$140.08	$68.8M	$69.29M	+0.71%	4.42%	+3.1 bps	1
V	343,052	$193.97	—	$211.33	$66.54M	$72.5M	+8.95%	4.29%	+38.4 bps	1
NVR	15,731	$4247.75	—	$4454.72	$66.82M	$70.08M	+4.87%	3.97%	+19.3 bps	1
KEYS	435,897	$130.61	—	$169.60	$56.93M	$73.93M	+29.85%	3.89%	+116.0 bps	1
META	257,017	$191.24	—	$180.50	$49.15M	$46.39M	-5.62%	3.23%	-18.1 bps	1
SSNC	671,348	$59.38	—	$62.71	$39.86M	$42.1M	+5.61%	2.84%	+15.9 bps	1
MTB	290,587	$165.73	—	$189.82	$48.16M	$55.16M	+14.54%	2.78%	+40.4 bps	1
EW	405,091	$93.44	—	$104.80	$37.85M	$42.45M	+12.16%	2.69%	+32.7 bps	1
ICE	330,909	$95.50	—	$109.68	$31.6M	$36.29M	+14.85%	2.47%	+36.6 bps	1
FBIN	580,620	$68.67	—	$69.49	$39.87M	$40.35M	+1.19%	2.43%	+2.9 bps	1
CIEN	645,971	$50.46	—	$54.70	$32.6M	$35.33M	+8.40%	2.21%	+18.6 bps	1
JPM	276,548	$118.04	—	$122.13	$32.64M	$33.77M	+3.46%	2.13%	+7.4 bps	1
BAC	882,373	$35.07	—	$36.30	$30.94M	$32.03M	+3.51%	2.05%	+7.2 bps	1
IBP	397,624	$87.53	—	$104.80	$34.8M	$41.67M	+19.73%	1.90%	+37.4 bps	1
DIS	209,559	$104.31	—	$121.57	$21.86M	$25.48M	+16.55%	1.62%	+26.8 bps	1
GOOGL	9,426	$2256.88	×20	$121.68	$21.27M	$22.94M	+7.83%	1.48%	+11.6 bps	1
SNBR	360,640	$40.78	—	$48.53	$14.71M	$17.5M	+19.00%	1.03%	+19.6 bps	1
ANET	88,735	$101.67	—	$126.86	$9.02M	$11.26M	+24.78%	0.70%	+17.2 bps	1
ATHM	330,427	$25.20	—	$35.23	$8.33M	$11.64M	+39.80%	0.57%	+22.6 bps	1
OZK	203,337	$37.93	—	$43.03	$7.71M	$8.75M	+13.45%	0.49%	+6.6 bps	1
CACC	15,075	$561.47	—	$557.78	$8.46M	$8.41M	-0.66%	0.47%	-0.3 bps	1
MA	14,955	$321.24	—	$354.27	$4.8M	$5.3M	+10.28%	0.30%	+3.1 bps	1
LBRDK	34,474	$115.62	—	$118.98	$3.99M	$4.1M	+2.91%	0.26%	+0.8 bps	1
FRCB	28,270	$140.01	—	$168.90	$3.96M	$4.77M	+20.63%	0.26%	+5.3 bps	1
BRK-A	8	$461631.00	—	$452697.00	$3.69M	$3.62M	-1.94%	0.24%	-0.5 bps	1
AAPL	14,638	$142.56	—	$172.10	$2.09M	$2.52M	+20.72%	0.14%	+3.0 bps	1
SPY	4,770	$392.34	—	$427.10	$1.87M	$2.04M	+8.86%	0.12%	+1.1 bps	1
LULU	4,615	$294.00	—	$321.69	$1.36M	$1.48M	+9.42%	0.10%	+0.9 bps	1
UNH	2,435	$478.80	—	$543.70	$1.17M	$1.32M	+13.55%	0.07%	+1.0 bps	1
ODFL	4,067	$269.65	—	$314.31	$1.1M	$1.28M	+16.56%	0.07%	+1.1 bps	1
MSFT	3,578	$255.35	—	$291.91	$913.64K	$1.04M	+14.32%	0.06%	+0.9 bps	1
BAM	16,989	$45.43	—	$53.72	$771.81K	$912.65K	+18.25%	0.05%	+1.0 bps	1
TSM	8,240	$87.69	—	$90.86	$722.57K	$748.69K	+3.62%	0.05%	+0.2 bps	1
BOOT	8,253	$86.96	—	$73.69	$717.68K	$608.16K	-15.26%	0.04%	-0.7 bps	1
GLD	4,265	$170.17	—	$167.87	$725.78K	$715.97K	-1.35%	0.04%	-0.1 bps	1
ADI	4,578	$152.89	—	$179.26	$699.93K	$820.65K	+17.25%	0.04%	+0.7 bps	1
LFUS	2,770	$255.12	—	$252.91	$706.68K	$700.56K	-0.87%	0.04%	-0.0 bps	1
NVO	6,200	$104.35	—	$107.50	$646.97K	$666.5K	+3.02%	0.04%	+0.1 bps	1
ROP	1,460	$428.84	—	$439.10	$626.11K	$641.09K	+2.39%	0.04%	+0.1 bps	1
LEVI	32,939	$17.05	—	$19.53	$561.61K	$643.3K	+14.55%	0.04%	+0.5 bps	1
SITE	3,753	$125.78	—	$140.23	$472.05K	$526.28K	+11.49%	0.03%	+0.4 bps	1
FAST	9,704	$52.23	—	$55.78	$506.84K	$541.29K	+6.80%	0.03%	+0.2 bps	1
SBUX	6,322	$69.90	—	$88.31	$441.91K	$558.3K	+26.34%	0.03%	+0.9 bps	1
TJX	9,197	$56.00	—	$65.47	$515.03K	$602.13K	+16.91%	0.03%	+0.5 bps	1
BABA	4,976	$81.09	—	$94.77	$403.5K	$471.58K	+16.87%	0.03%	+0.5 bps	1
SLV	23,000	$19.12	—	$19.17	$439.76K	$440.91K	+0.26%	0.03%	+0.0 bps	1
KNX	8,046	$48.10	—	$56.41	$387.01K	$453.87K	+17.28%	0.02%	+0.4 bps	1
ITB	6,681	$57.17	—	$62.91	$381.95K	$420.3K	+10.04%	0.02%	+0.2 bps	1
IYF	3,110	$72.88	—	$79.30	$226.66K	$246.62K	+8.81%	0.01%	+0.1 bps	1
COST	350	$486.18	—	$537.21	$170.16K	$188.02K	+10.50%	0.01%	+0.1 bps	1
GIB	1,665	$77.81	—	$86.37	$129.55K	$143.81K	+11.00%	0.01%	+0.1 bps	1
LLY	432	$291.80	—	$308.08	$126.06K	$133.09K	+5.58%	0.01%	+0.0 bps	1
RMD	437	$192.31	—	$239.99	$84.04K	$104.88K	+24.79%	0.01%	+0.1 bps	1
RBA	1,070	$58.91	—	$71.33	$63.03K	$76.32K	+21.08%	0.00%	+0.1 bps	1
IIVI	—	—	—	—	—	—	—	0.29%	—	0
Top 5 (by entry value)(5)					$532.6M	$551.74M	+3.59%
Total(62)					$1.52B	$1.64B	+8.35%

2022-02-11 → 2022-05-12

63 of 64 priced99.74% coverage

-13.82%

Holdings from Q4 2021 disclosure · accession 0001641864-22-000002 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	554,588	$319.14	—	$308.06	$176.99M	$170.85M	-3.47%	8.85%	-30.7 bps	1
KMXTOP 5	1,109,239	$108.48	—	$91.26	$120.33M	$101.23M	-15.87%	7.71%	-122.3 bps	1
AMETOP 5	793,433	$130.81	—	$120.41	$103.79M	$95.54M	-7.95%	6.22%	-49.5 bps	1
GOOGTOP 5	40,297	$2682.60	—	$2263.22	$108.1M	$91.2M	-15.63%	6.22%	-97.2 bps	1
SCHWTOP 5	1,142,461	$89.11	—	$64.95	$101.8M	$74.2M	-27.11%	5.13%	-139.0 bps	1
MKL	76,314	$1242.00	—	$1291.06	$94.78M	$98.53M	+3.95%	5.02%	+19.8 bps	1
NVR	15,622	$5037.50	—	$4247.75	$78.7M	$66.36M	-15.68%	4.92%	-77.2 bps	1
KEYS	434,886	$165.04	—	$130.61	$71.77M	$56.8M	-20.86%	4.79%	-99.9 bps	1
PGR	816,752	$106.20	—	$108.80	$86.74M	$88.86M	+2.45%	4.47%	+10.9 bps	1
META	248,311	$219.55	—	$191.24	$54.52M	$47.49M	-12.89%	4.46%	-57.5 bps	1
HEI-A	618,391	$114.37	—	$108.70	$70.73M	$67.22M	-4.96%	4.24%	-21.0 bps	1
V	337,580	$224.69	—	$193.97	$75.85M	$65.48M	-13.67%	3.90%	-53.4 bps	1
FIVE	346,629	$168.49	—	$139.09	$58.4M	$48.21M	-17.45%	3.83%	-66.8 bps	1
FBIN	577,718	$88.80	—	$68.67	$51.3M	$39.67M	-22.67%	3.29%	-74.7 bps	1
EW	405,762	$109.00	—	$93.44	$44.23M	$37.91M	-14.28%	2.80%	-40.0 bps	1
SSNC	635,433	$76.42	—	$59.38	$48.56M	$37.73M	-22.30%	2.78%	-62.0 bps	1
ICE	332,894	$125.93	—	$95.50	$41.92M	$31.79M	-24.16%	2.43%	-58.7 bps	1
MTB	282,384	$182.30	—	$165.73	$51.48M	$46.8M	-9.09%	2.31%	-21.0 bps	1
JPM	267,287	$153.92	—	$118.04	$41.14M	$31.55M	-23.31%	2.26%	-52.6 bps	1
BAC	877,569	$47.92	—	$35.07	$42.05M	$30.78M	-26.82%	2.08%	-55.9 bps	1
DIS	209,162	$149.47	—	$104.31	$31.26M	$21.82M	-30.21%	1.73%	-52.2 bps	1
SNBR	358,590	$71.84	—	$40.78	$25.76M	$14.62M	-43.24%	1.47%	-63.4 bps	1
GOOGL	9,379	$2685.65	—	$2256.88	$25.19M	$21.17M	-15.97%	1.45%	-23.1 bps	1
CIEN	332,984	$63.82	—	$50.46	$21.25M	$16.8M	-20.93%	1.37%	-28.6 bps	1
IBP	157,758	$105.59	—	$87.53	$16.66M	$13.81M	-17.10%	1.18%	-20.1 bps	1
ANET	87,136	$120.92	—	$101.67	$10.54M	$8.86M	-15.92%	0.67%	-10.6 bps	1
CACC	14,920	$540.94	—	$561.47	$8.07M	$8.38M	+3.80%	0.55%	+2.1 bps	1
ATHM	327,698	$29.41	—	$25.20	$9.64M	$8.26M	-14.31%	0.52%	-7.4 bps	1
OZK	180,120	$48.04	—	$37.93	$8.65M	$6.83M	-21.05%	0.45%	-9.4 bps	1
LBRDK	36,865	$152.37	—	$115.62	$5.62M	$4.26M	-24.12%	0.32%	-7.6 bps	1
FRCB	27,241	$172.41	—	$140.01	$4.7M	$3.81M	-18.79%	0.30%	-5.6 bps	1
MA	14,547	$369.77	—	$321.24	$5.38M	$4.67M	-13.12%	0.28%	-3.7 bps	1
BRK-A	8	$479370.00	—	$461631.00	$3.83M	$3.69M	-3.70%	0.19%	-0.7 bps	1
AAPL	16,276	$168.64	—	$142.56	$2.74M	$2.32M	-15.46%	0.15%	-2.4 bps	1
AMZN	758	$3065.87	—	$2138.61	$2.32M	$1.62M	-30.24%	0.13%	-4.1 bps	1
SPY	5,030	$440.46	—	$392.34	$2.22M	$1.97M	-10.92%	0.13%	-1.4 bps	1
UNH	4,063	$478.13	—	$478.80	$1.94M	$1.95M	+0.14%	0.11%	+0.0 bps	1
LULU	4,615	$316.72	—	$294.00	$1.46M	$1.36M	-7.17%	0.10%	-0.7 bps	1
TSM	13,183	$121.01	—	$87.69	$1.6M	$1.16M	-27.53%	0.08%	-2.3 bps	1
ODFL	4,067	$295.65	—	$269.65	$1.2M	$1.1M	-8.79%	0.08%	-0.7 bps	1
BAM	16,989	$58.05	—	$45.43	$986.21K	$771.81K	-21.74%	0.07%	-1.5 bps	1
MSFT	3,578	$295.04	—	$255.35	$1.06M	$913.64K	-13.45%	0.06%	-0.9 bps	1
W	5,602	$145.72	—	$55.76	$816.32K	$312.37K	-61.73%	0.06%	-3.5 bps	1
BOOT	8,253	$82.76	—	$86.96	$683.02K	$717.68K	+5.07%	0.05%	+0.3 bps	1
SITE	3,753	$173.29	—	$125.78	$650.36K	$472.05K	-27.42%	0.05%	-1.3 bps	1
LFUS	2,770	$253.77	—	$255.12	$702.94K	$706.68K	+0.53%	0.05%	+0.0 bps	1
LEVI	32,939	$22.53	—	$17.05	$742.12K	$561.61K	-24.32%	0.04%	-1.1 bps	1
ADI	4,578	$153.90	—	$152.89	$704.55K	$699.93K	-0.66%	0.04%	-0.0 bps	1
SBUX	6,322	$93.73	—	$69.90	$592.56K	$441.91K	-25.42%	0.04%	-1.0 bps	1
GLD	4,265	$173.81	—	$170.17	$741.3K	$725.78K	-2.09%	0.04%	-0.1 bps	1
ROP	1,460	$437.83	—	$428.84	$639.23K	$626.11K	-2.05%	0.04%	-0.1 bps	1
TJX	9,197	$68.70	—	$56.00	$631.83K	$515.03K	-18.49%	0.04%	-0.7 bps	1
NVO	6,200	$98.91	—	$104.35	$613.24K	$646.97K	+5.50%	0.04%	+0.2 bps	1
FAST	9,704	$51.95	—	$52.23	$504.12K	$506.84K	+0.54%	0.03%	+0.0 bps	1
BABA	4,976	$122.25	—	$81.09	$608.32K	$403.5K	-33.67%	0.03%	-1.1 bps	1
SLV	23,000	$21.83	—	$19.12	$502.09K	$439.76K	-12.41%	0.03%	-0.3 bps	1
KNX	8,046	$55.33	—	$48.10	$445.19K	$387.01K	-13.07%	0.03%	-0.3 bps	1
ITB	4,181	$67.12	—	$57.17	$280.63K	$239.03K	-14.82%	0.02%	-0.3 bps	1
IYF	3,110	$87.98	—	$72.88	$273.62K	$226.66K	-17.16%	0.01%	-0.2 bps	1
GIB	1,665	$83.89	—	$77.81	$139.68K	$129.55K	-7.25%	0.01%	-0.1 bps	1
LLY	432	$235.74	—	$291.80	$101.84K	$126.06K	+23.78%	0.01%	+0.1 bps	1
RMD	437	$243.92	—	$192.31	$106.59K	$84.04K	-21.16%	0.01%	-0.1 bps	1
RBA	1,070	$57.39	—	$58.91	$61.41K	$63.03K	+2.65%	0.00%	+0.0 bps	1
IIVI	—	—	—	—	—	—	—	0.26%	—	0
Top 5 (by entry value)(5)					$611.02M	$533.02M	-12.77%
Total(63)					$1.73B	$1.49B	-13.82%

2021-11-15 → 2022-02-11

58 of 59 priced99.77% coverage

-7.40%

Holdings from Q3 2021 disclosure · accession 0001641864-21-000008 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	747,544	$284.67	—	$319.14	$212.8M	$238.57M	+12.11%	12.17%	+147.3 bps	1
KMXTOP 5	1,159,579	$149.62	—	$108.48	$173.5M	$125.79M	-27.50%	8.85%	-243.3 bps	1
GOOGTOP 5	39,741	$2987.76	—	$2682.60	$118.74M	$106.61M	-10.21%	6.32%	-64.5 bps	1
AMETOP 5	766,249	$140.09	—	$130.81	$107.34M	$100.23M	-6.62%	5.67%	-37.5 bps	1
MKLTOP 5	74,212	$1277.80	—	$1242.00	$94.83M	$92.17M	-2.80%	5.29%	-14.8 bps	1
META	248,158	$347.56	—	$219.55	$86.25M	$54.48M	-36.83%	5.02%	-185.0 bps	1
SCHW	1,119,111	$81.92	—	$89.11	$91.68M	$99.72M	+8.78%	4.86%	+42.7 bps	1
V	331,063	$212.30	—	$224.69	$70.28M	$74.39M	+5.84%	4.40%	+25.7 bps	1
NVR	15,376	$5277.98	—	$5037.50	$81.15M	$77.46M	-4.56%	4.40%	-20.0 bps	1
PGR	800,896	$93.98	—	$106.20	$75.27M	$85.06M	+13.00%	4.32%	+56.1 bps	1
KEYS	430,380	$188.19	—	$165.04	$80.99M	$71.03M	-12.30%	4.22%	-51.9 bps	1
HEI-A	595,976	$136.26	—	$114.37	$81.21M	$68.16M	-16.06%	4.21%	-67.6 bps	1
JPM	381,770	$166.56	—	$153.92	$63.59M	$58.76M	-7.59%	3.73%	-28.3 bps	1
FIVE	333,458	$211.65	—	$168.49	$70.58M	$56.18M	-20.39%	3.52%	-71.7 bps	1
BAC	1,349,092	$47.05	—	$47.92	$63.47M	$64.65M	+1.85%	3.41%	+6.3 bps	1
FBIN	558,812	$106.90	—	$88.80	$59.74M	$49.62M	-16.93%	2.98%	-50.4 bps	1
EW	402,150	$116.69	—	$109.00	$46.93M	$43.83M	-6.59%	2.71%	-17.9 bps	1
ICE	315,808	$135.29	—	$125.93	$42.73M	$39.77M	-6.92%	2.16%	-15.0 bps	1
DIS	200,300	$158.43	—	$149.47	$31.73M	$29.94M	-5.66%	2.02%	-11.4 bps	1
SNBR	347,091	$81.41	—	$71.84	$28.26M	$24.94M	-11.76%	1.93%	-22.7 bps	1
GOOGL	9,429	$2969.04	—	$2685.65	$28M	$25.32M	-9.54%	1.50%	-14.3 bps	1
ATHM	368,701	$38.70	—	$29.41	$14.27M	$10.84M	-24.01%	1.03%	-24.8 bps	1
CACC	16,986	$672.67	—	$540.94	$11.43M	$9.19M	-19.58%	0.59%	-11.6 bps	1
HCSG	370,166	$19.37	—	$15.99	$7.17M	$5.92M	-17.45%	0.55%	-9.6 bps	1
SSNC	122,870	$78.84	—	$76.42	$9.69M	$9.39M	-3.07%	0.51%	-1.6 bps	1
ANET	24,148	$528.17	×4	$120.92	$12.75M	$11.68M	-8.42%	0.49%	-4.2 bps	1
OZK	178,572	$47.45	—	$48.04	$8.47M	$8.58M	+1.24%	0.46%	+0.6 bps	1
LBRDA	35,455	$167.14	—	$149.26	$5.93M	$5.29M	-10.70%	0.36%	-3.8 bps	1
FRCB	26,944	$219.76	—	$172.41	$5.92M	$4.65M	-21.55%	0.31%	-6.7 bps	1
MA	13,199	$361.36	—	$369.77	$4.77M	$4.88M	+2.33%	0.27%	+0.6 bps	1
BRK-A	8	$429302.00	—	$479370.00	$3.43M	$3.83M	+11.66%	0.20%	+2.3 bps	1
AMZN	703	$3545.68	—	$3065.87	$2.49M	$2.16M	-13.53%	0.14%	-1.9 bps	1
SPY	4,852	$467.43	—	$440.46	$2.27M	$2.14M	-5.77%	0.12%	-0.7 bps	1
LULU	4,615	$461.96	—	$316.72	$2.13M	$1.46M	-31.44%	0.11%	-3.5 bps	1
AAPL	11,438	$150.00	—	$168.64	$1.72M	$1.93M	+12.43%	0.10%	+1.2 bps	1
UNH	3,820	$450.80	—	$478.13	$1.72M	$1.83M	+6.06%	0.09%	+0.5 bps	1
TSM	12,448	$118.12	—	$121.01	$1.47M	$1.51M	+2.45%	0.08%	+0.2 bps	1
W	5,439	$253.53	—	$145.72	$1.38M	$792.57K	-42.52%	0.08%	-3.5 bps	1
ODFL	4,067	$359.68	—	$295.65	$1.46M	$1.2M	-17.80%	0.07%	-1.2 bps	1
MSFT	3,578	$336.07	—	$295.04	$1.2M	$1.06M	-12.21%	0.06%	-0.7 bps	1
BAM	16,989	$59.22	—	$58.05	$1.01M	$986.21K	-1.98%	0.05%	-0.1 bps	1
LFUS	2,770	$324.54	—	$253.77	$898.98K	$702.94K	-21.81%	0.05%	-1.0 bps	1
BABA	4,976	$166.54	—	$122.25	$828.7K	$608.32K	-26.59%	0.04%	-1.2 bps	1
MTB	4,683	$160.21	—	$182.30	$750.26K	$853.71K	+13.79%	0.04%	+0.6 bps	1
SBUX	6,327	$111.87	—	$93.73	$707.8K	$593.03K	-16.22%	0.04%	-0.7 bps	1
ROP	1,460	$485.63	—	$437.83	$709.02K	$639.23K	-9.84%	0.04%	-0.4 bps	1
TJX	9,539	$69.32	—	$68.70	$661.24K	$655.33K	-0.89%	0.04%	-0.0 bps	1
NVO	6,200	$113.49	—	$98.91	$703.64K	$613.24K	-12.85%	0.04%	-0.5 bps	1
FAST	9,704	$60.64	—	$51.95	$588.45K	$504.12K	-14.33%	0.03%	-0.4 bps	1
SLV	23,000	$23.24	—	$21.83	$534.52K	$502.09K	-6.07%	0.03%	-0.2 bps	1
KNX	8,046	$59.48	—	$55.33	$478.58K	$445.19K	-6.98%	0.02%	-0.2 bps	1
IYF	3,110	$89.14	—	$87.98	$277.23K	$273.62K	-1.30%	0.02%	-0.0 bps	1
ITB	3,661	$76.30	—	$67.12	$279.33K	$245.73K	-12.03%	0.01%	-0.2 bps	1
GIB	1,665	$88.35	—	$83.89	$147.1K	$139.68K	-5.05%	0.01%	-0.0 bps	1
RMD	437	$262.37	—	$243.92	$114.66K	$106.59K	-7.03%	0.01%	-0.0 bps	1
LLY	432	$258.43	—	$235.74	$111.64K	$101.84K	-8.78%	0.01%	-0.1 bps	1
RBA	1,070	$71.55	—	$57.39	$76.56K	$61.41K	-19.79%	0.00%	-0.1 bps	1
ISRG	45	$1060.68	—	$849.48	$47.73K	$38.23K	-19.91%	0.00%	-0.1 bps	1
IIVI	—	—	—	—	—	—	—	0.23%	—	0
Top 5 (by entry value)(5)					$707.21M	$663.38M	-6.20%
Total(58)					$1.82B	$1.68B	-7.40%

2021-08-13 → 2021-11-15

56 of 57 priced100.00% coverage

+3.42%

Holdings from Q2 2021 disclosure · accession 0001641864-21-000005 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
BRK-BTOP 5	735,744	$287.89	—	$284.67	$211.81M	$209.44M	-1.12%	12.44%	-13.9 bps	1
KMXTOP 5	1,110,864	$128.09	—	$149.62	$142.29M	$166.21M	+16.81%	8.73%	+146.7 bps	1
AMETOP 5	740,843	$137.24	—	$140.09	$101.67M	$103.78M	+2.08%	6.02%	+12.5 bps	1
GOOGTOP 5	38,563	$2768.12	—	$2987.76	$106.75M	$115.22M	+7.93%	5.88%	+46.6 bps	1
MKLTOP 5	71,312	$1275.69	—	$1277.80	$90.97M	$91.12M	+0.17%	5.15%	+0.9 bps	1
META	234,295	$363.18	—	$347.56	$85.09M	$81.43M	-4.30%	4.95%	-21.3 bps	1
V	333,009	$232.65	—	$212.30	$77.47M	$70.7M	-8.75%	4.74%	-41.4 bps	1
SCHW	1,067,990	$74.01	—	$81.92	$79.04M	$87.49M	+10.69%	4.73%	+50.5 bps	1
PGR	770,619	$96.12	—	$93.98	$74.07M	$72.42M	-2.23%	4.60%	-10.2 bps	1
NVR	15,094	$5252.49	—	$5277.98	$79.28M	$79.67M	+0.49%	4.57%	+2.2 bps	1
HEI-A	578,552	$120.15	—	$136.26	$69.51M	$78.83M	+13.41%	4.37%	+58.6 bps	1
KEYS	424,526	$166.10	—	$188.19	$70.51M	$79.89M	+13.30%	3.99%	+53.0 bps	1
FIVE	315,449	$221.62	—	$211.65	$69.91M	$66.76M	-4.50%	3.71%	-16.7 bps	1
JPM	363,488	$159.98	—	$166.56	$58.15M	$60.54M	+4.11%	3.44%	+14.1 bps	1
BAC	1,345,736	$41.63	—	$47.05	$56.02M	$63.32M	+13.02%	3.37%	+43.9 bps	1
FBIN	546,551	$102.51	—	$106.90	$56.03M	$58.43M	+4.28%	3.31%	+14.2 bps	1
EW	405,529	$113.15	—	$116.69	$45.89M	$47.32M	+3.13%	2.55%	+8.0 bps	1
SNBR	347,140	$100.11	—	$81.41	$34.75M	$28.26M	-18.68%	2.32%	-43.4 bps	1
DIS	201,715	$181.08	—	$158.43	$36.53M	$31.96M	-12.51%	2.16%	-27.0 bps	1
ICE	298,565	$116.88	—	$135.29	$34.9M	$40.39M	+15.75%	2.16%	+34.0 bps	1
GOOGL	9,125	$2754.55	—	$2969.04	$25.14M	$27.09M	+7.79%	1.36%	+10.6 bps	1
ATHM	345,744	$38.91	—	$38.70	$13.45M	$13.38M	-0.54%	1.35%	-0.7 bps	1
HCSG	370,345	$27.10	—	$19.37	$10.04M	$7.17M	-28.52%	0.71%	-20.3 bps	1
OZK	179,075	$43.00	—	$47.45	$7.7M	$8.5M	+10.35%	0.46%	+4.8 bps	1
SSNC	82,023	$77.20	—	$78.84	$6.33M	$6.47M	+2.12%	0.36%	+0.8 bps	1
ANET	16,036	$364.07	—	$528.17	$5.84M	$8.47M	+45.07%	0.35%	+15.9 bps	1
CACC	9,727	$563.10	—	$672.67	$5.48M	$6.54M	+19.46%	0.27%	+5.2 bps	1
LBRDK	20,482	$183.38	—	$168.58	$3.76M	$3.45M	-8.07%	0.22%	-1.7 bps	1
FRCB	18,158	$198.85	—	$219.76	$3.61M	$3.99M	+10.52%	0.21%	+2.2 bps	1
BRK-A	8	$433124.00	—	$429302.00	$3.46M	$3.43M	-0.88%	0.20%	-0.2 bps	1
MA	9,150	$362.75	—	$361.36	$3.32M	$3.31M	-0.38%	0.20%	-0.1 bps	1
SPY	4,852	$445.92	—	$467.43	$2.16M	$2.27M	+4.82%	0.13%	+0.6 bps	1
LULU	4,615	$408.72	—	$461.96	$1.89M	$2.13M	+13.03%	0.10%	+1.3 bps	1
AAPL	11,822	$149.10	—	$150.00	$1.76M	$1.77M	+0.60%	0.10%	+0.1 bps	1
AMZN	466	$3293.97	—	$3545.68	$1.53M	$1.65M	+7.64%	0.10%	+0.7 bps	1
JEC	11,477	$138.07	—	$145.44	$1.58M	$1.67M	+5.34%	0.09%	+0.5 bps	1
BAM	16,989	$56.68	—	$59.22	$962.94K	$1.01M	+4.48%	0.07%	+0.3 bps	1
ODFL	4,067	$281.00	—	$359.68	$1.14M	$1.46M	+28.00%	0.06%	+1.8 bps	1
TSM	8,240	$115.50	—	$118.12	$951.72K	$973.31K	+2.27%	0.06%	+0.1 bps	1
MSFT	3,578	$292.85	—	$336.07	$1.05M	$1.2M	+14.76%	0.06%	+0.9 bps	1
LFUS	2,788	$278.57	—	$324.54	$776.65K	$904.82K	+16.50%	0.04%	+0.7 bps	1
SBUX	6,327	$116.76	—	$111.87	$738.74K	$707.8K	-4.19%	0.04%	-0.2 bps	1
MTB	4,683	$139.94	—	$160.21	$655.34K	$750.26K	+14.48%	0.04%	+0.6 bps	1
ROP	1,335	$480.76	—	$485.63	$641.81K	$648.32K	+1.01%	0.04%	+0.0 bps	1
SLV	23,400	$21.97	—	$23.24	$514.1K	$543.82K	+5.78%	0.03%	+0.2 bps	1
TJX	8,264	$70.49	—	$69.32	$582.53K	$572.86K	-1.66%	0.03%	-0.1 bps	1
NVO	6,200	$102.76	—	$113.49	$637.11K	$703.64K	+10.44%	0.03%	+0.3 bps	1
FAST	8,954	$55.27	—	$60.64	$494.89K	$542.97K	+9.72%	0.03%	+0.3 bps	1
KNX	8,046	$50.52	—	$59.48	$406.48K	$478.58K	+17.74%	0.02%	+0.4 bps	1
IYF	3,110	$84.77	—	$89.14	$263.63K	$277.23K	+5.16%	0.02%	+0.1 bps	1
ITB	2,943	$73.44	—	$76.30	$216.13K	$224.55K	+3.89%	0.01%	+0.0 bps	1
GIB	2,120	$89.83	—	$88.35	$190.44K	$187.3K	-1.65%	0.01%	-0.0 bps	1
ISRG	135	$1003.04	×3	$353.56	$135.41K	$143.19K	+5.75%	0.01%	+0.0 bps	1
RMD	437	$275.10	—	$262.37	$120.22K	$114.66K	-4.63%	0.01%	-0.0 bps	1
LLY	432	$264.21	—	$258.43	$114.14K	$111.64K	-2.19%	0.01%	-0.0 bps	1
RBA	1,070	$61.54	—	$71.55	$65.85K	$76.56K	+16.27%	0.00%	+0.1 bps	1
NGD	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$653.5M	$685.78M	+4.94%
Total(56)					$1.69B	$1.75B	+3.42%