13F

Position

Select Equity Group, L.P. in CAE Inc

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Estimated mark uses implied 13F prices (value ÷ shares). Adds are treated as happening at this quarter’s mark; cuts at last quarter’s. Share jumps can be splits, not buys. This is not realized P&L.

Latest estimated mark −$34.1M$30.45$25.95

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20257.59M$231M1.0%
Q1 20268.25M$214.2M$25.95−$34.1M$17.3M1.1%