Instuitional Investor - Capco Asset Management, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Progressive Corp	PGR	325,422	$77,974,281	17.52%
2.	Marriott International Inc	MAR	252,876	$70,537,323	15.85%
3.	Markel Group Inc.	MKL	28,006	$48,343,934	10.86%
4.	Microsoft Corp	MSFT	102,585	$43,239,746	9.71%
5.	Charter Communications Inc.	CHTR	106,072	$36,358,368	8.17%