YCG, LLC

PrivateCIK: 1584801

Location

AUSTIN, TX

Positions

$1.10B

Total AUM (reported)

5.80M

Total Shares

Allocation by class

COM$811.24M73.4%

CL A$108.21M9.8%

SHS CL A$47.45M4.3%

SHS$43.42M3.9%

CAP STK CL C$41.63M3.8%

CL B NEW$21.78M2.0%

COM CL A$17.31M1.6%

Portfolio Concentration

Top 3$215.53M19.5%

4–10$352.12M31.9%

11–25$438.60M39.7%

Rest$98.57M8.9%

Top 3 weight

19.5%

Top 10 weight

51.4%

Voting Authority Distribution

Total shares with voting rights: 5.80M

Sole

Full voting authority

2.24M

% of voting shares38.6%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

3.56M

% of voting shares61.4%

Investment Discretion (by position count)

Sole42

Shared0

Other0

Dominant voting typeNone · 61.4% of voting shares

Institutional Holdings42

Rows:

MASTERCARD INCORPORATED

SOLE

CL A

Shares156.47K

TypeSH

Market value$78.18M

7.08%

Sole

57.69K

Shared

0.00

None

98.79K

MOODYS CORP

SOLE

COM

Shares174.96K

TypeSH

Market value$76.33M

6.91%

Sole

69.51K

Shared

0.00

None

105.45K

MICROSOFT CORP

SOLE

COM

Shares164.83K

TypeSH

Market value$61.01M

5.52%

Sole

59.75K

Shared

0.00

None

105.07K

COPART INC

SOLE

COM

Shares1.76M

TypeSH

Market value$58.31M

5.28%

Sole

866.85K

Shared

0.00

None

889.49K

MSCI INC

SOLE

COM

Shares106.89K

TypeSH

Market value$57.61M

5.21%

Sole

41.88K

Shared

0.00

None

65.01K

FAIR ISAAC CORP

SOLE

COM

Shares48.82K

TypeSH

Market value$52.12M

4.72%

Sole

21.37K

Shared

0.00

None

27.45K

WASTE MGMT INC DEL

SOLE

COM

Shares220.66K

TypeSH

Market value$50.71M

4.59%

Sole

79.41K

Shared

0.00

None

141.25K

AON PLC

SOLE

SHS CL A

Shares147.01K

TypeSH

Market value$47.45M

4.30%

Sole

61.13K

Shared

0.00

None

85.88K

LINDE PLC

SOLE

SHS

Shares87.57K

TypeSH

Market value$43.42M

3.93%

Sole

40.81K

Shared

0.00

None

46.77K

REPUBLIC SVCS INC

SOLE

COM

Shares194.10K

TypeSH

Market value$42.51M

3.85%

Sole

82.88K

Shared

0.00

None

111.22K

ALPHABET INC

SOLE

CAP STK CL C

Shares145.12K

TypeSH

Market value$41.63M

3.77%

Sole

48.31K

Shared

0.00

None

96.81K

VERISK ANALYTICS INC

SOLE

COM

Shares218.60K

TypeSH

Market value$41.48M

3.75%

Sole

90.27K

Shared

0.00

None

128.33K

MARSH & MCLENNAN COS INC

SOLE

COM

Shares235.11K

TypeSH

Market value$40.78M

3.69%

Sole

98.03K

Shared

0.00

None

137.07K

CME GROUP INC

SOLE

COM

Shares135.84K

TypeSH

Market value$40.12M

3.63%

Sole

62.10K

Shared

0.00

None

73.74K

AMAZON COM INC

SOLE

COM

Shares191.85K

TypeSH

Market value$39.96M

3.62%

Sole

70.19K

Shared

0.00

None

121.67K

S&P GLOBAL INC

SOLE

COM

Shares84.72K

TypeSH

Market value$36.03M

3.26%

Sole

35.05K

Shared

0.00

None

49.67K

TRANSDIGM GROUP INC

SOLE

COM

Shares30.18K

TypeSH

Market value$34.97M

3.17%

Sole

13.69K

Shared

0.00

None

16.48K

CANADIAN PACIFIC KANSAS CITY

SOLE

COM

Shares337.90K

TypeSH

Market value$26.58M

2.41%

Sole

133.93K

Shared

0.00

None

203.98K

CANADIAN NATL RY CO

SOLE

COM

Shares257.06K

TypeSH

Market value$26.42M

2.39%

Sole

104.34K

Shared

0.00

None

152.72K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares45.46K

TypeSH

Market value$21.78M

1.97%

Sole

0.00

Shared

0.00

None

45.46K

FERRARI N V

SOLE

COM

Shares62.16K

TypeSH

Market value$21.04M

1.90%

Sole

26.24K

Shared

0.00

None

35.92K

INTUIT

SOLE

COM

Shares44.13K

TypeSH

Market value$19.08M

1.73%

Sole

0.00

Shared

0.00

None

44.13K

VISA INC

SOLE

COM CL A

Shares57.28K

TypeSH

Market value$17.31M

1.57%

Sole

27.65K

Shared

0.00

None

29.62K

PROCTER & GAMBLE CO

SOLE

COM

Shares112.91K

TypeSH

Market value$16.31M

1.48%

Sole

42.51K

Shared

0.00

None

70.40K

CBRE GROUP INC

SOLE

CL A

Shares111.50K

TypeSH

Market value$15.10M

1.37%

Sole

0.00

Shared

0.00

None

111.50K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
MASTERCARD INCORPORATEDSOLE	CL A	156.47K	SH	$78.18M 7.08%	57.69K	98.79K
MOODYS CORPSOLE	COM	174.96K	SH	$76.33M 6.91%	69.51K	105.45K
MICROSOFT CORPSOLE	COM	164.83K	SH	$61.01M 5.52%	59.75K	105.07K
COPART INCSOLE	COM	1.76M	SH	$58.31M 5.28%	866.85K	889.49K
MSCI INCSOLE	COM	106.89K	SH	$57.61M 5.21%	41.88K	65.01K
FAIR ISAAC CORPSOLE	COM	48.82K	SH	$52.12M 4.72%	21.37K	27.45K
WASTE MGMT INC DELSOLE	COM	220.66K	SH	$50.71M 4.59%	79.41K	141.25K
AON PLCSOLE	SHS CL A	147.01K	SH	$47.45M 4.30%	61.13K	85.88K
LINDE PLCSOLE	SHS	87.57K	SH	$43.42M 3.93%	40.81K	46.77K
REPUBLIC SVCS INCSOLE	COM	194.10K	SH	$42.51M 3.85%	82.88K	111.22K
ALPHABET INCSOLE	CAP STK CL C	145.12K	SH	$41.63M 3.77%	48.31K	96.81K
VERISK ANALYTICS INCSOLE	COM	218.60K	SH	$41.48M 3.75%	90.27K	128.33K
MARSH & MCLENNAN COS INCSOLE	COM	235.11K	SH	$40.78M 3.69%	98.03K	137.07K
CME GROUP INCSOLE	COM	135.84K	SH	$40.12M 3.63%	62.10K	73.74K
AMAZON COM INCSOLE	COM	191.85K	SH	$39.96M 3.62%	70.19K	121.67K
S&P GLOBAL INCSOLE	COM	84.72K	SH	$36.03M 3.26%	35.05K	49.67K
TRANSDIGM GROUP INCSOLE	COM	30.18K	SH	$34.97M 3.17%	13.69K	16.48K
CANADIAN PACIFIC KANSAS CITYSOLE	COM	337.90K	SH	$26.58M 2.41%	133.93K	203.98K
CANADIAN NATL RY COSOLE	COM	257.06K	SH	$26.42M 2.39%	104.34K	152.72K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	45.46K	SH	$21.78M 1.97%	0.00	45.46K
FERRARI N VSOLE	COM	62.16K	SH	$21.04M 1.90%	26.24K	35.92K
INTUITSOLE	COM	44.13K	SH	$19.08M 1.73%	0.00	44.13K
VISA INCSOLE	COM CL A	57.28K	SH	$17.31M 1.57%	27.65K	29.62K
PROCTER & GAMBLE COSOLE	COM	112.91K	SH	$16.31M 1.48%	42.51K	70.40K
CBRE GROUP INCSOLE	CL A	111.50K	SH	$15.10M 1.37%	0.00	111.50K

Page 1 of 2