| BlackRock, Inc. |
| 0.02% | 0.02% | #465 | $1.36B | 697,836 | $1.36B | 710,606 | -12,770-1.80% | Reduce |
| VANGUARD CAPITAL MANAGEMENT LLC |
| 0.02% | 0.03% | #439 | $1.07B | 545,650 | $1.04B | 544,507 | +1,143+0.21% | Add |
| VANGUARD PORTFOLIO MANAGEMENT LLC |
| 0.05% | 0.05% | #315 | $1.02B | 521,976 | $1.00B | 524,201 | -2,225-0.42% | Reduce |
| DAVIS SELECTED ADVISERS |
| 3.41% | 3.37% | #37 | $794.4M | 406,759 | $734.0M | 383,433 | +23,326+6.08% | Add |
| MORGAN STANLEY |
| 0.04% | 0.05% | #348 | $684.8M | 350,660 | $857.1M | 448,427 | -97,767-21.80% | Reduce |
| Select Equity Group, L.P. |
| 3.2% | 3.7% | #39 | $647.8M | 331,679 | $722.8M | 377,643 | -45,964-12.17% | Reduce |
| STATE STREET CORP |
| 0.02% | 0.02% | #486 | $609.7M | 312,169 | $587.6M | 306,990 | +5,179+1.69% | Add |
| PRINCIPAL FINANCIAL GROUP INC |
| 0.3% | 0.41% | #141 | $601.2M | 307,791 | $769.3M | 401,876 | -94,085-23.41% | Reduce |
| Boston Partners |
| 0.53% | 0.5% | #106 | $600.5M | 307,500 | $480.4M | 250,972 | +56,528+22.52% | Add |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. |
| 3.44% | 3.8% | #36 | $450.4M | 230,637 | $432.9M | 226,148 | +4,489+1.98% | Add |
| Roehl & Yi Investment Advisors, LLC |
| 0.15% | 0.3% | #192 | $441.4M | 226 | $550,667 | 319 | -93-29.15% | Reduce |
| GEODE CAPITAL MANAGEMENT, LLC |
| 0.02% | 0.03% | #444 | $418.2M | 214,799 | $423.1M | 221,693 | -6,894-3.11% | Reduce |
| DAVENPORT & Co LLC |
| 1.98% | 2.15% | #54 | $403.2M | 206,399 | $395.5M | 207,172 | -773-0.37% | Reduce |
| BAILLIE GIFFORD & CO |
| 0.28% | 0.33% | #142 | $308.4M | 157,923 | $335.1M | 175,068 | -17,145-9.79% | Reduce |
| NORGES BANK |
| 0.03% | 0.04% | #400 | $284.2M | 145,542 | $275.9M | 147,586 | -2,044-1.38% | Reduce |
| DIMENSIONAL FUND ADVISORS LP |
| 0.05% | 0.05% | #307 | $271.6M | 139,067 | $262.2M | 136,985 | +2,082+1.52% | Add |
| BANK OF AMERICA CORP /DE/ |
| 0.01% | 0.02% | #526 | $231.6M | 118,590 | $260.5M | 136,084 | -17,494-12.86% | Reduce |
| Madison Avenue Partners, LP |
| 9.44% | 7.32% | #10 | $219.4M | 112,325 | $168.2M | 87,889 | +24,436+27.80% | Add |
| WELLINGTON MANAGEMENT GROUP LLP |
| 0.03% | 0.04% | #366 | $200.0M | 102,408 | $204.2M | 106,673 | -4,265-4.00% | Reduce |
| Bank Julius Baer & Co. Ltd, Zurich |
| 0.47% | 0.56% | #114 | $181.0M | 92,601 | $185.6M | 97,383 | -4,782-4.91% | Reduce |
| Davis Asset Management, L.P. |
| 4.56% | 3.91% | #28 | $179.9M | 92,105 | $135.2M | 70,631 | +21,474+30.40% | Add |
| GOLDMAN SACHS GROUP INC |
| 0.01% | 0.01% | #523 | $172.3M | 88,210 | $94.3M | 49,258 | +38,952+79.08% | Add |
| FENIMORE ASSET MANAGEMENT INC |
| 3.53% | 3.7% | #34 | $170.4M | 87,260 | $165.8M | 86,606 | +654+0.76% | Add |
| NORTHERN TRUST CORP |
| 0.02% | 0.02% | #479 | $164.1M | 84,026 | $164.0M | 85,656 | -1,630-1.90% | Reduce |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ |
| 0.78% | 0.81% | #88 | $160.0M | 81,945 | $152.7M | 79,800 | +2,145+2.69% | Add |
| Douglass Winthrop Advisors, LLC |
| 2.71% | 4.23% | #42 | $157.0M | 80,373 | $154.1M | 80,498 | -125-0.16% | Reduce |
| CHECK CAPITAL MANAGEMENT INC/CA |
| 4.26% | 4.28% | #30 | $154.7M | 79,209 | $147.2M | 76,886 | +2,323+3.02% | Add |
| VANGUARD FIDUCIARY TRUST CO |
| 0.03% | 0.04% | #368 | $153.4M | 78,570 | $149.3M | 77,976 | +594+0.76% | Add |
| Polar Capital Holdings Plc |
| 0.36% | 0.54% | #131 | $152.8M | 78,250 | $153.1M | 80,000 | -1,750-2.19% | Reduce |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC |
| 0.03% | 0.03% | #404 | $152.2M | 77,952 | $148.9M | 77,785 | +167+0.21% | Add |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC |
| 0.02% | 0.02% | #464 | $151.5M | 77,580 | $135.1M | 70,574 | +7,006+9.93% | Add |
| BARR E S & CO |
| 8.44% | 13.52% | #12 | $150.5M | 77,051 | $147.8M | 77,222 | -171-0.22% | Reduce |
| JANA Partners Management, LP |
| 7.88% | 8.98% | #13 | $149.9M | 76,743 | $144.1M | 75,307 | +1,436+1.91% | Add |
| JENNISON ASSOCIATES LLC |
| 0.09% | 0.09% | #238 | $146.0M | 74,748 | $136.7M | 71,444 | +3,304+4.62% | Add |
| JANE STREET GROUP, LLC |
| 0.01% | 0.01% | #575 | $139.2M | 71,269 | $78.6M | 41,081 | +30,188+73.48% | Add |
| RAYMOND JAMES FINANCIAL INC |
| 0.03% | 0.04% | #365 | $126.9M | 64,967 | $129.9M | 67,890 | -2,923-4.31% | Reduce |
| Graham Holdings Co |
| 11.5% | 10.97% | #7 | $124.6M | 63,793 | $106.1M | 55,430 | +8,363+15.09% | Add |
| Legal & General Group Plc |
| 0.03% | 0.03% | #425 | $122.2M | 62,580 | $135.3M | 70,695 | -8,115-11.48% | Reduce |
| Troy Asset Management Ltd |
| 3.35% | — | #38 | $120.1M | 61,509 | $0 | 0 | +61,509 | New Buy |
| HighTower Advisors, LLC |
| 0.12% | 0.13% | #214 | $119.4M | 61,151 | $119.9M | 62,653 | -1,502-2.40% | Reduce |
| SCHARF INVESTMENTS, LLC |
| 3.91% | 3.61% | #32 | $118.3M | 60,564 | $117.1M | 61,142 | -578-0.95% | Reduce |
| WELLS FARGO & COMPANY/MN |
| 0.02% | 0.02% | #483 | $115.3M | 59,018 | $113.2M | 59,123 | -105-0.18% | Reduce |
| Graham Holdings Co Master Retirement Trust |
| 15.43% | 15.72% | #1 | $113.3M | 58,008 | $111.0M | 58,008 | 00.00% | Unchanged |
| Quilter Plc |
| 1.35% | 1.3% | #67 | $89.6M | 45,895 | $74.0M | 38,670 | +7,225+18.68% | Add |
| STEGINSKY CAPITAL LLC |
| 13.31% | 13.56% | #4 | $88.7M | 45,406 | $82.0M | 42,864 | +2,542+5.93% | Add |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP |
| 0.01% | 0.01% | #667 | $87.5M | 44,799 | $62.7M | 32,767 | +12,032+36.72% | Add |
| UBS Group AG |
| 0.01% | 0.02% | #587 | $86.5M | 44,268 | $100.9M | 52,739 | -8,471-16.06% | Reduce |
| AVENIR CORP |
| 10.52% | 10.69% | #9 | $86.4M | 44,214 | $87.7M | 45,832 | -1,618-3.53% | Reduce |
| ROYAL BANK OF CANADA |
| 0.01% | 0.01% | #581 | $75.5M | 38,673 | $81.8M | 42,729 | -4,056-9.49% | Reduce |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP |
| 0.03% | 0.01% | #381 | $72.0M | 36,891 | $22.0M | 11,475 | +25,416+221.49% | Add |
