Frederick (Shad) Rowe – Greenbrier Partners Capital Management Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Greenbrier Partners Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 11, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2025, the filing reported:

New Buys – None reported

Increases – Copart, Inc. (CPRT)

Reductions – Meta Platforms, Inc. (META), Alphabet Inc. (GOOGL), Apple Inc. (AAPL)

Complete Exits – Southwest Airlines Company (LUV)

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Greenbrier Partners Capital Management Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q2 2013Jun 30, 2013	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy - Position Entry	+600,000	$14.93K	600,000
Q2 2013Jun 30, 2013	INFN Infinera Corporation	Infinera Corporation	Buy - Position Entry	+514,800	$5.49K	514,800
Q2 2013Jun 30, 2013	KMX CarMax Inc	CarMax Inc	Buy - Position Entry	+300,000	$13.85K	300,000
Q2 2013Jun 30, 2013	EBAY eBay Inc.	eBay Inc.	Buy - Position Entry	+250,000	$12.93K	250,000
Q2 2013Jun 30, 2013	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Buy - Position Entry	+200,000	$22.11K	200,000
Q2 2013Jun 30, 2013	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy - Position Entry	+200,000	$22.38K	200,000
Q2 2013Jun 30, 2013	SBUX Starbucks Corporation	Starbucks Corporation	Buy - Position Entry	+200,000	$13.10K	200,000
Q2 2013Jun 30, 2013	WPP WPP plc	WPP plc	Buy - Position Entry	+197,535	$16.87K	197,535
Q2 2013Jun 30, 2013	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy - Position Entry	+150,000	$9.47K	150,000
Q2 2013Jun 30, 2013	QCOM QUALCOMM Incorporated	QUALCOMM Incorporated	Buy - Position Entry	+150,000	$9.16K	150,000
Q2 2013Jun 30, 2013	MCD McDonald's Corporation	McDonald's Corporation	Buy - Position Entry	+100,000	$9.90K	100,000
Q2 2013Jun 30, 2013	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Buy - Position Entry	+80,000	$1.70K	80,000
Q2 2013Jun 30, 2013	AAPL Apple Inc.	Apple Inc.	Buy - Position Entry	+56,000	$22.21K	56,000
Q2 2013Jun 30, 2013	LEN Lennar Corporation	Lennar Corporation	Buy - Position Entry	+50,000	$1.80K	50,000
Q2 2013Jun 30, 2013	MKL Markel Group Inc.	Markel Group Inc.	Buy - Position Entry	+25,000	$13.17K	25,000
Q2 2013Jun 30, 2013	EOG EOG Resources, Inc.	EOG Resources, Inc.	Buy - Position Entry	+20,000	$2.63K	20,000

Page 8 of 8 • 226 total trades

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