Investor: George Fraise & Gordon March&
Number of Assets: 56
Reporting Period: Q1 - 2025
Holdings at Report: $141,751,199,663
Return Since Report: -$124,382,673,629
Return Since Report: -87.75%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| AIA Group Limited (AAGIY) | Equity | 0% | 192,895 | 0.00% | $30.25 | $37.49 | $5,835,074 | $7,231,634 | +$1,396,560 | +23.93% |
| Arm Holdings PLC (ARM) | Equity | +100% | 1,594,594 | 0.12% | $106.79 | $439.46 | $170,286,693 | $700,760,279 | +$530,473,586 | +311.52% |
| Experian PLC (EXPGY) | Equity | +102.96% | 155,671 | 0.01% | $46.40 | $33.10 | $7,223,134 | $5,152,710 | -$2,070,424 | -28.66% |
| Fomento Económico Mexicano S.A.B. De C.V. (FMX) | Equity | -7.54% | 270,487 | 0.02% | $97.58 | $126.47 | $26,394,122 | $34,208,491 | +$7,814,369 | +29.61% |
| Gartner Inc. (IT) | Equity | +26.32% | 676,325 | 0.20% | $419.74 | $127.49 | $283,880,656 | $86,224,674 | -$197,655,982 | -69.63% |
| Icon Public Limited Company (ICLR) | Equity | -5.14% | 1,511,838 | 0.19% | $174.99 | $146.00 | $264,556,531 | $220,728,348 | -$43,828,183 | -16.57% |
| Lvmh Moët Hennessy - Louis Vuitton Société Européenne (LVMUY) | Equity | +36.07% | 55,380 | 0.00% | $123.87 | N/A | $6,859,921 | N/A | N/A | N/A |
| Microsoft Corp. (MSFT) | Equity | -0.44% | 3,096,725 | 0.82% | $375.39 | $379.40 | $1,162,479,597 | $1,174,897,465 | +$12,417,868 | +1.07% |
| Netflix Inc. (NFLX) | Equity | -5.35% | 222,016 | 0.15% | $932.53 | $77.38 | $207,036,580 | $17,179,598 | -$189,856,982 | -91.70% |
| Sap Se (SAP) | Equity | -6.87% | 65,334 | 0.01% | $268.44 | $155.22 | $17,538,259 | $10,141,143 | -$7,397,116 | -42.18% |
| Salesforce Inc. (CRM) | Equity | +37.85% | 1,627,118 | 0.31% | $268.36 | $151.78 | $436,653,387 | $246,963,970 | -$189,689,417 | -43.44% |
| Servicenow Inc. (NOW) | Equity | +96.68% | 723,457 | 0.41% | $796.14 | $95.04 | $575,973,056 | $68,757,353 | -$507,215,703 | -88.06% |
| The Sherwin-Williams Company (SHW) | Equity | -4.43% | 583 | 0.00% | $349.19 | $320.79 | $203,578 | $187,021 | -$16,557 | -8.13% |
| Steris PLC (STE) | Equity | -4.86% | 1,316,062 | 0.21% | $226.65 | $202.61 | $298,285,452 | $266,647,322 | -$31,638,130 | -10.61% |
| Synopsys Inc. (SNPS) | Equity | +2.41% | 1,575,732 | 0.48% | $428.85 | $455.51 | $675,752,668 | $717,761,683 | +$42,009,015 | +6.22% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | +116.84% | 554,775 | 0.06% | $166.00 | $462.12 | $92,092,650 | $256,372,623 | +$164,279,973 | +178.39% |
| Unilever PLC (UL) | Equity | -0.00% | 166,554 | 0.01% | $59.55 | $58.40 | $9,918,291 | $9,726,754 | -$191,537 | -1.93% |
| UnitedHealth Group Inc. (UNH) | Equity | -1.24% | 1,637,999 | 0.61% | $523.75 | $400.96 | $857,901,976 | $656,772,079 | -$201,129,897 | -23.44% |
| Vanguard Growth Index Fund ETF Shares (VUG) | Equity | +12.40% | 952 | 0.00% | $370.82 | $86.98 | $353,021 | $82,805 | -$270,216 | -76.54% |
| Visa Inc. (V) | Equity | -7.31% | 3,289,651 | 0.81% | $350.46 | $327.24 | $1,152,891,090 | $1,076,505,393 | -$76,385,697 | -6.63% |
| Waste Connections Inc. (WCN) | Equity | +38.77% | 92,889 | 0.01% | $195.19 | $153.97 | $18,131,004 | $14,302,119 | -$3,828,885 | -21.12% |
| Waste Management Inc. (WM) | Equity | -7.29% | 1,863,378 | 0.30% | $231.51 | $214.60 | $431,390,641 | $399,880,919 | -$31,509,722 | -7.30% |
| XP Inc. (XP) | Equity | +13.78% | 671,993 | 0.01% | $13.75 | $15.30 | $9,239,904 | $10,281,493 | +$1,041,589 | +11.27% |
| Yum! Brands Inc. (YUM) | Equity | -36.65% | 3,534,254 | 0.39% | $157.36 | $151.99 | $556,150,209 | $537,171,265 | -$18,978,944 | -3.41% |
| Ishares Russell 1000 Growth ETF (IWF) | Equity | -0.33% | 18,562 | 0.00% | $361.09 | $123.19 | $6,702,553 | $2,286,653 | -$4,415,900 | -65.88% |
| Alcon Inc. (ALC) | Equity | -16.52% | 3,153,785 | 0.21% | $94.93 | $64.68 | $299,388,810 | $203,986,814 | -$95,401,996 | -31.87% |
| Alibaba Group Holding Limited (BABA) | Equity | +100% | 35,692 | 0.00% | $132.23 | $107.10 | $4,719,553 | $3,822,613 | -$896,940 | -19.00% |
| Alphabet Inc. (GOOGL) | Equity | -6.61% | 11,971 | 0.00% | $154.64 | $368.03 | $1,851,195 | $4,405,687 | +$2,554,492 | +137.99% |
| Alphabet Inc. (GOOG) | Equity | -2.72% | 2,801,414 | 0.31% | $156.23 | $367.46 | $437,664,909 | $1,029,407,588 | +$591,742,679 | +135.20% |
| Amazon.com Inc. (AMZN) | Equity | +6.15% | 6,573,828 | 88.23% | $19,026.00 | $244.39 | $125,073,651,500 | $1,606,577,825 | -$123,467,073,675 | -98.72% |
| American Express Company (AXP) | Equity | -17.63% | 827,494 | 0.16% | $269.05 | $338.00 | $222,637,261 | $279,692,972 | +$57,055,711 | +25.63% |
| Aon PLC (AON) | Equity | -29.63% | 1,592,962 | 0.45% | $399.09 | $317.74 | $635,735,205 | $506,147,746 | -$129,587,459 | -20.38% |
| Apple Inc. (AAPL) | Equity | -6.22% | 2,385,330 | 0.37% | $222.13 | $298.01 | $529,853,353 | $710,852,193 | +$180,998,840 | +34.16% |
| Atlassian Corp. (TEAM) | Equity | -87.63% | 50,223 | 0.01% | $212.21 | $82.72 | $10,657,822 | $4,154,447 | -$6,503,375 | -61.02% |
| Autodesk Inc. (ADSK) | Equity | -62.37% | 730,597 | 0.13% | $261.80 | $193.82 | $191,270,295 | $141,604,311 | -$49,665,984 | -25.97% |
| Canadian Pacific Kansas City Limited (CP) | Equity | -4.91% | 8,363,710 | 0.41% | $70.21 | $86.03 | $587,216,079 | $719,529,971 | +$132,313,892 | +22.53% |
| Danaher Corp. (DHR) | Equity | -21.94% | 2,522,956 | 0.36% | $205.00 | $177.17 | $517,205,980 | $446,992,115 | -$70,213,865 | -13.58% |
| Ecolab Inc. (ECL) | Equity | -44.11% | 709,141 | 0.13% | $253.52 | $269.12 | $179,781,426 | $190,844,026 | +$11,062,600 | +6.15% |
| Grab Holdings Limited (GRAB) | Equity | +100% | 1,361,124 | 0.00% | $4.53 | $3.57 | $6,165,892 | $4,859,213 | -$1,306,679 | -21.19% |
| HDFC Bank Limited (HDB) | Equity | -4.56% | 7,803,497 | 0.37% | $66.44 | $25.06 | $518,464,341 | $195,555,635 | -$322,908,706 | -62.28% |
| Infosys Limited (INFY) | Equity | +50.17% | 14,877,543 | 0.19% | $18.25 | $10.57 | $271,515,160 | $157,255,630 | -$114,259,530 | -42.08% |
| Intuit Inc. (INTU) | Equity | +1.08% | 1,444,779 | 0.63% | $613.99 | $267.00 | $887,079,858 | $385,755,993 | -$501,323,865 | -56.51% |
| Linde PLC (LIN) | Equity | -10.28% | 30,663 | 0.01% | $465.64 | $512.15 | $14,277,919 | $15,704,055 | +$1,426,136 | +9.99% |
| MSCI Inc. (MSCI) | Equity | -99.85% | 1,410 | 0.00% | $565.50 | $581.19 | $797,355 | $819,478 | +$22,123 | +2.77% |
| Mercadolibre Inc. (MELI) | Equity | +9.23% | 151,317 | 0.21% | $1,950.87 | $1,635.15 | $295,199,796 | $247,425,993 | -$47,773,803 | -16.18% |
| Meta Platforms Inc. (META) | Equity | +23.14% | 1,539,292 | 0.63% | $576.36 | $577.22 | $887,186,337 | $888,510,128 | +$1,323,791 | +0.15% |
| Novo Nordisk As (NVO) | Equity | +3.79% | 5,543,246 | 0.27% | $69.44 | $43.19 | $384,923,002 | $239,412,795 | -$145,510,207 | -37.80% |
| Nvidia Corp. (NVDA) | Equity | +38.83% | 7,136,607 | 0.55% | $108.38 | $210.69 | $773,465,467 | $1,503,611,729 | +$730,146,262 | +94.40% |
| S&P Global Inc. (SPGI) | Equity | -5.84% | 1,535,939 | 0.55% | $508.10 | $410.92 | $780,410,606 | $631,148,054 | -$149,262,552 | -19.13% |
| Shopify Inc. (SHOP) | Equity | +7.78% | 115,085 | 0.01% | $95.48 | $108.85 | $10,988,316 | $12,527,002 | +$1,538,686 | +14.00% |
| Starbucks Corp. (SBUX) | Equity | -7.87% | 1,928,154 | 0.13% | $98.09 | $100.65 | $189,132,626 | $194,068,700 | +$4,936,074 | +2.61% |
| Tencent Music Entertainment Group (TME) | Equity | +41.55% | 591,536 | 0.01% | $14.41 | $8.73 | $8,524,034 | $5,164,109 | -$3,359,925 | -39.42% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | -11.26% | 632,040 | 0.22% | $497.60 | $464.61 | $314,503,104 | $293,652,104 | -$20,851,000 | -6.63% |
| Universal Music Gro Unsp Adr | Equity | +4.30% | 634,244 | 0.01% | $13.72 | $0.00 | $8,701,828 | $0 | -$8,701,828 | -100% |
| Workday Inc. (WDAY) | Equity | -30.06% | 1,858,544 | 0.31% | $233.53 | $116.93 | $434,025,781 | $217,319,550 | -$216,706,231 | -49.93% |
| Ishares Core S&P 500 ETF (IVV) | Equity | -4.09% | 845 | 0.00% | $561.90 | $750.11 | $474,806 | $633,843 | +$159,037 | +33.50% |