Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
INTU	Intuit Inc.	707,623 (+44.0%)	$195M (+52.2%)	2.3%	$275.71	$339.24	-18.7%	COM	461202103
CTSH	Cognizant Technology Solutions Corporation	3,212,739 (+2.0%)	$185M (+51.2%)	2.2%	$57.44	$59.69	-3.8%	CL A	192446102
BR	Broadridge Financial Solutions, Inc.	932,042 (+6.1%)	$150M (+24.8%)	1.8%	$161.10	$151.73	+6.2%	COM	11133T103
OLN	Olin Corporation	4,292,873 (+2.0%)	$66.54M (-20.2%)	0.8%	$15.50	$47.10	-67.1%	COM PAR $1	680665205
TSN	Tyson Foods, Inc.	2,618,960 (+1.6%)	$132M (-10.4%)	1.6%	$50.53	$55.31	-8.6%	CL A	902494103
PEP	PepsiCo, Inc.	2,097,084 (+1.2%)	$266M (-5.3%)	3.2%	$126.72	$78.19	+62.1%	COM	713448108
SPY	State Street SPDR Portfolio	17,035 (+378.8%)	$12.99M (+388.9%)	0.2%	$762.63	$739.44	+3.1%	TR UNIT	78462F103
SYY	Sysco Corporation	1,312,701 (+1.5%)	$102M (-5.3%)	1.2%	$77.96	$41.16	+89.4%	COM	871829107
INGR	Ingredion Incorporated	1,489,551 (+1.2%)	$143M (+2.4%)	1.7%	$95.81	$80.84	+18.5%	COM	457187102
EAF	GrafTech International Ltd.	1,225,151 (+6.6%)	$10.13M (+49.2%)	0.1%	$8.27	$11.05	-25.1%	COM	384313607
FICO	Fair Isaac Corporation	7,394 (+20.1%)	$4.381M (-40.4%)	0.1%	$592.47	$1380.14	-57.1%	COM	303250104
MAS	Masco Corporation	304,304 (+6.4%)	$20.51M (-11.9%)	0.2%	$67.40	$58.95	+14.3%	COM	574599106
EWY	iShares Trust	604,680 (+8.5%)	$111M (-1.8%)	1.3%	$182.78	$98.00	+86.5%	MSCI STH KOR ETF	464286772
UL	Unilever PLC	257,223 (+6.6%)	$15.62M (+7.7%)	0.2%	$60.73	$65.47	-7.2%	ADR	904767803
BIL	State Street SPDR Portfolio	245,273 (+3.8%)	$22.48M (+3.8%)	0.3%	$91.64	$91.54	+0.1%	STATE STREET SPD	78468R663
AON	Aon Plc	13,165 (+1.9%)	$3.644M (-14.9%)	0.0%	$276.77	$311.87	-11.3%	SHS CL A	G0403H108
MA	Mastercard Incorporated	11,816 (+1.3%)	$6.516M (+8.7%)	0.1%	$551.47	$313.82	+75.7%	CL A	57636Q104
VRSK	Verisk Analytics, Inc.	21,590 (+1.9%)	$3.624M (-4.7%)	0.0%	$167.85	$238.06	-29.5%	COM	92345Y106
V	Visa Inc.	958 (+30.9%)	$344K (+37.1%)	0.0%	$359.33	$290.79	+23.6%	COM CL A	92826C839
WFC	Wells Fargo & Company	108,959 (+4.0%)	$8.722M (+0.7%)	0.1%	$80.05	$36.35	+120.2%	COM	949746101
CPRT	Copart, Inc.	139,423 (+2.0%)	$3.803M (-1.3%)	0.0%	$27.28	$42.27	-35.5%	COM	217204106

Decreased Positions (12)

KO Coca-Cola Company 1.2%

Value $100M (-42.0%) Shares 1,165,305 (-45.2%) Share Price $86.08 Est. Cost/Share $29.12 Unrealized @ Report Date +195.6%

CNQ Canadian Natural Resources Limited 8.5%

Value $714M (+9.8%) Shares 15,171,307 (-7.8%) Share Price $47.07 Est. Cost/Share $23.68 Unrealized @ Report Date +98.8%

FOX Fox Corporation 3.8%

Value $314M (+18.7%) Shares 5,581,681 (-1.2%) Share Price $56.30 Est. Cost/Share $32.64 Unrealized @ Report Date +72.5%

FOXA Fox Corporation 0.4%

Value $33.83M (-45.3%) Shares 539,987 (-54.4%) Share Price $62.65 Est. Cost/Share $31.83 Unrealized @ Report Date +96.8%

COP ConocoPhillips 2.3%

Value $194M (+16.4%) Shares 1,552,405 (-3.3%) Share Price $125.15 Est. Cost/Share $84.63 Unrealized @ Report Date +47.9%

STT State Street Corporation 1.6%

Value $134M (-14.1%) Shares 767,340 (-16.6%) Share Price $174.59 Est. Cost/Share $50.94 Unrealized @ Report Date +242.8%

SCHW Charles Schwab Corp 4.7%

Value $396M (+4.7%) Shares 4,055,234 (-1.1%) Share Price $97.74 Est. Cost/Share $56.90 Unrealized @ Report Date +71.8%

FANG Diamondback Energy, Inc. 2.1%

Value $173M (-3.0%) Shares 940,518 (-7.3%) Share Price $183.81 Est. Cost/Share $117.06 Unrealized @ Report Date +57.0%

LEGH Legacy Housing Corporation 0.3%

Value $20.99M (+6.0%) Shares 732,009 (-2.9%) Share Price $28.67 Est. Cost/Share $20.81 Unrealized @ Report Date +37.8%

CRMT America's Car-Mart, Inc. 0.0%

Value $203K (-64.5%) Shares 199,300 (-2.8%) Share Price $1.02 Est. Cost/Share $38.30 Unrealized @ Report Date -97.3%

BK Bank of New York Mellon Corp 0.1%

Value $9.129M (-2.0%) Shares 63,121 (-2.0%) Share Price $144.63 Est. Cost/Share $23.02 Unrealized @ Report Date —

AMPY Amplify Energy Corp. 0.0%

Value $842K (+3.2%) Shares 200,000 (-2.4%) Share Price $4.21 Est. Cost/Share $4.15 Unrealized @ Report Date +1.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
KO	Coca-Cola Company	1,165,305 (-45.2%)	$100M (-42.0%)	1.2%	$86.08	$29.12	+195.6%	COM	191216100
CNQ	Canadian Natural Resources Limited	15,171,307 (-7.8%)	$714M (+9.8%)	8.5%	$47.07	$23.68	+98.8%	COM	136385101
FOX	Fox Corporation	5,581,681 (-1.2%)	$314M (+18.7%)	3.8%	$56.30	$32.64	+72.5%	CL B COM	35137L204
FOXA	Fox Corporation	539,987 (-54.4%)	$33.83M (-45.3%)	0.4%	$62.65	$31.83	+96.8%	CL A COM	35137L105
COP	ConocoPhillips	1,552,405 (-3.3%)	$194M (+16.4%)	2.3%	$125.15	$84.63	+47.9%	COM	20825C104
STT	State Street Corporation	767,340 (-16.6%)	$134M (-14.1%)	1.6%	$174.59	$50.94	+242.8%	COM	857477103
SCHW	Charles Schwab Corp	4,055,234 (-1.1%)	$396M (+4.7%)	4.7%	$97.74	$56.90	+71.8%	COM	808513105
FANG	Diamondback Energy, Inc.	940,518 (-7.3%)	$173M (-3.0%)	2.1%	$183.81	$117.06	+57.0%	COM	25278X109
LEGH	Legacy Housing Corporation	732,009 (-2.9%)	$20.99M (+6.0%)	0.3%	$28.67	$20.81	+37.8%	COM	52472M101
CRMT	America's Car-Mart, Inc.	199,300 (-2.8%)	$203K (-64.5%)	0.0%	$1.02	$38.30	-97.3%	COM	03062T105
BK	Bank of New York Mellon Corp	63,121 (-2.0%)	$9.129M (-2.0%)	0.1%	$144.63	$23.02	—	COM	064058100
AMPY	Amplify Energy Corp.	200,000 (-2.4%)	$842K (+3.2%)	0.0%	$4.21	$4.15	+1.5%	COM	03212B103

Unchanged Positions (41)

MSFT Microsoft Corporation 6.2%

Value $519M Shares 1,012,529 Share Price $512.90 Est. Cost/Share $67.51 Unrealized @ Report Date +659.7%

NWSA News Corporation 2.6%

Value $218M Shares 7,604,171 Share Price $28.65 Est. Cost/Share $13.03 Unrealized @ Report Date +119.9%

UHAL/B U-Haul Holding Company 3.9%

Value $328M Shares 6,201,227 Share Price $52.85 Est. Cost/Share $56.95 Unrealized @ Report Date -7.2%

BRBR BellRing Brands, Inc. 0.5%

Value $40.53M Shares 5,271,000 Share Price $7.69 Est. Cost/Share $14.39 Unrealized @ Report Date -46.6%

TLN Talen Energy Corp 1.3%

Value $112M Shares 359,700 Share Price $312.69 Est. Cost/Share $138.87 Unrealized @ Report Date +125.2%

AVTR Avantor, Inc. 0.9%

Value $71.79M Shares 4,770,000 Share Price $15.05 Est. Cost/Share $9.84 Unrealized @ Report Date +53.0%

PYPL PayPal Holdings, Inc. 1.5%

Value $122M Shares 2,315,456 Share Price $52.53 Est. Cost/Share $48.26 Unrealized @ Report Date +8.8%

LHX L3Harris Technologies Inc 1.2%

Value $98.72M Shares 416,930 Share Price $236.78 Est. Cost/Share $172.59 Unrealized @ Report Date +37.2%

JNJ Johnson & Johnson 4.0%

Value $334M Shares 1,261,078 Share Price $264.74 Est. Cost/Share $62.97 Unrealized @ Report Date +320.4%

GOOG Alphabet Inc. 4.6%

Value $385M Shares 1,130,290 Share Price $340.74 Est. Cost/Share $108.24 Unrealized @ Report Date +214.8%

DIS Walt Disney Company 1.7%

Value $146M Shares 1,388,410 Share Price $104.90 Est. Cost/Share $108.37 Unrealized @ Report Date -3.2%

KVUE Kenvue, Inc. 1.7%

Value $143M Shares 8,092,786 Share Price $17.66 Est. Cost/Share $19.59 Unrealized @ Report Date -9.9%

EMBC Embecta Corporation 0.3%

Value $24.54M Shares 4,334,926 Share Price $5.66 Est. Cost/Share $17.07 Unrealized @ Report Date -66.8%

FDS FactSet Research Systems Inc. 0.7%

Value $62.06M Shares 229,906 Share Price $269.95 Est. Cost/Share $233.25 Unrealized @ Report Date +15.7%

EOG EOG Resources, Inc. 2.0%

Value $170M Shares 1,237,638 Share Price $137.76 Est. Cost/Share $103.71 Unrealized @ Report Date +32.8%

DAR Darling Ingredients Inc 1.0%

Value $85.89M Shares 1,414,685 Share Price $60.71 Est. Cost/Share $43.91 Unrealized @ Report Date +38.2%

UNH UnitedHealth Group Incorporated 0.8%

Value $63.34M Shares 172,551 Share Price $367.08 Est. Cost/Share $355.40 Unrealized @ Report Date +3.3%

EBAY eBay Inc. 1.6%

Value $134M Shares 1,260,295 Share Price $106.05 Est. Cost/Share $48.26 Unrealized @ Report Date +119.8%

RS Reliance, Inc. 3.2%

Value $268M Shares 696,820 Share Price $384.75 Est. Cost/Share $157.65 Unrealized @ Report Date +144.1%

CL Colgate-Palmolive Company 0.8%

Value $67.61M Shares 792,400 Share Price $85.32 Est. Cost/Share $46.44 Unrealized @ Report Date +83.7%

NOC Northrop Grumman Corp. 1.1%

Value $96.22M Shares 199,021 Share Price $483.48 Est. Cost/Share $284.31 Unrealized @ Report Date +70.1%

CMCSA Comcast Corporation 0.3%

Value $25.47M Shares 1,170,500 Share Price $21.76 Est. Cost/Share $28.04 Unrealized @ Report Date -22.4%

DVN Devon Energy Corporation 0.3%

Value $23.5M Shares 510,356 Share Price $46.04 Est. Cost/Share $50.70 Unrealized @ Report Date -9.2%

BRK/B Berkshire Hathaway Inc. 7.0%

Value $583M Shares 1,171,687 Share Price $497.95 Est. Cost/Share $413.83 Unrealized @ Report Date +20.3%

AWI Armstrong World Industries, Inc. 1.5%

Value $123M Shares 759,082 Share Price $161.93 Est. Cost/Share $81.85 Unrealized @ Report Date +97.8%

UHAL U-Haul Holding Company 0.2%

Value $19.54M Shares 324,719 Share Price $60.17 Est. Cost/Share $51.54 Unrealized @ Report Date +16.7%

ELV Elevance Health, Inc. 1.6%

Value $133M Shares 342,222 Share Price $388.82 Est. Cost/Share $122.51 Unrealized @ Report Date +217.4%

CLX Clorox Company 0.0%

Value $3.896M Shares 48,095 Share Price $81.01 Est. Cost/Share $110.74 Unrealized @ Report Date -26.8%

PG Procter & Gamble Company 3.4%

Value $287M Shares 1,977,465 Share Price $145.28 Est. Cost/Share $60.56 Unrealized @ Report Date +139.9%

GS Goldman Sachs Group, Inc. 0.1%

Value $4.661M Shares 5,177 Share Price $900.36 Est. Cost/Share $188.34 Unrealized @ Report Date +378.1%

LMT Lockheed Martin Corporation 1.3%

Value $111M Shares 217,071 Share Price $509.25 Est. Cost/Share $303.00 Unrealized @ Report Date +68.1%

MSCI MSCI Inc. 0.1%

Value $5.909M Shares 10,970 Share Price $538.66 Est. Cost/Share $508.24 Unrealized @ Report Date +6.0%

TDY Teledyne Technologies Incorporated 0.0%

Value $1.638M Shares 2,700 Share Price $606.81 Est. Cost/Share $472.61 Unrealized @ Report Date +28.4%

RDI Reading International Incorporated 0.0%

Value $490K Shares 265,000 Share Price $1.85 Est. Cost/Share $10.45 Unrealized @ Report Date -82.3%

CATO Cato Corporation 0.0%

Value $252K Shares 105,445 Share Price $2.39 Est. Cost/Share $10.09 Unrealized @ Report Date -76.3%

VZ Verizon Communications Inc. 0.0%

Value $917K Shares 20,000 Share Price $45.87 Est. Cost/Share $28.99 Unrealized @ Report Date +58.2%

MCO Moody's Corporation 0.1%

Value $5.672M Shares 12,489 Share Price $454.13 Est. Cost/Share $354.77 Unrealized @ Report Date +28.0%

PM Philip Morris International Inc. 0.0%

Value $954K Shares 5,000 Share Price $190.82 Est. Cost/Share $50.39 Unrealized @ Report Date +278.7%

NTRS Northern Trust Corporation 0.0%

Value $1.609M Shares 9,500 Share Price $169.36 Est. Cost/Share $69.90 Unrealized @ Report Date +142.3%

NWS News Corporation 0.0%

Value $258K Shares 8,140 Share Price $31.72 Est. Cost/Share $12.44 Unrealized @ Report Date +155.0%

MO Altria Group, Inc. 0.0%

Value $283K Shares 4,200 Share Price $67.34 Est. Cost/Share $16.28 Unrealized @ Report Date +313.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	Microsoft Corporation	1,012,529	$519M	6.2%	$512.90	$67.51	+659.7%	COM	594918104
NWSA	News Corporation	7,604,171	$218M	2.6%	$28.65	$13.03	+119.9%	CL A	65249B109
UHAL/B	U-Haul Holding Company	6,201,227	$328M	3.9%	$52.85	$56.95	-7.2%	COM SER N	023586506
BRBR	BellRing Brands, Inc.	5,271,000	$40.53M	0.5%	$7.69	$14.39	-46.6%	COM	07831C103
TLN	Talen Energy Corp	359,700	$112M	1.3%	$312.69	$138.87	+125.2%	COM	87422Q109
AVTR	Avantor, Inc.	4,770,000	$71.79M	0.9%	$15.05	$9.84	+53.0%	COMMON STOCK	05352A100
PYPL	PayPal Holdings, Inc.	2,315,456	$122M	1.5%	$52.53	$48.26	+8.8%	COM	70450Y103
LHX	L3Harris Technologies Inc	416,930	$98.72M	1.2%	$236.78	$172.59	+37.2%	COM	502431109
JNJ	Johnson & Johnson	1,261,078	$334M	4.0%	$264.74	$62.97	+320.4%	COM	478160104
GOOG	Alphabet Inc.	1,130,290	$385M	4.6%	$340.74	$108.24	+214.8%	CAP STK CL C	02079K107
DIS	Walt Disney Company	1,388,410	$146M	1.7%	$104.90	$108.37	-3.2%	COM	254687106
KVUE	Kenvue, Inc.	8,092,786	$143M	1.7%	$17.66	$19.59	-9.9%	COM	49177J102
EMBC	Embecta Corporation	4,334,926	$24.54M	0.3%	$5.66	$17.07	-66.8%	COMMON STOCK	29082K105
FDS	FactSet Research Systems Inc.	229,906	$62.06M	0.7%	$269.95	$233.25	+15.7%	COM	303075105
EOG	EOG Resources, Inc.	1,237,638	$170M	2.0%	$137.76	$103.71	+32.8%	COM	26875P101
DAR	Darling Ingredients Inc	1,414,685	$85.89M	1.0%	$60.71	$43.91	+38.2%	COM	237266101
UNH	UnitedHealth Group Incorporated	172,551	$63.34M	0.8%	$367.08	$355.40	+3.3%	COM	91324P102
EBAY	eBay Inc.	1,260,295	$134M	1.6%	$106.05	$48.26	+119.8%	COM	278642103
RS	Reliance, Inc.	696,820	$268M	3.2%	$384.75	$157.65	+144.1%	COM	759509102
CL	Colgate-Palmolive Company	792,400	$67.61M	0.8%	$85.32	$46.44	+83.7%	COM	194162103
NOC	Northrop Grumman Corp.	199,021	$96.22M	1.1%	$483.48	$284.31	+70.1%	COM	666807102
CMCSA	Comcast Corporation	1,170,500	$25.47M	0.3%	$21.76	$28.04	-22.4%	CL A	20030N101
DVN	Devon Energy Corporation	510,356	$23.5M	0.3%	$46.04	$50.70	-9.2%	COM	25179M103
BRK/B	Berkshire Hathaway Inc.	1,171,687	$583M	7.0%	$497.95	$413.83	+20.3%	CL B NEW	084670702
AWI	Armstrong World Industries, Inc.	759,082	$123M	1.5%	$161.93	$81.85	+97.8%	COM	04247X102
UHAL	U-Haul Holding Company	324,719	$19.54M	0.2%	$60.17	$51.54	+16.7%	COM	023586100
ELV	Elevance Health, Inc.	342,222	$133M	1.6%	$388.82	$122.51	+217.4%	COM	036752103
CLX	Clorox Company	48,095	$3.896M	0.0%	$81.01	$110.74	-26.8%	COM	189054109
PG	Procter & Gamble Company	1,977,465	$287M	3.4%	$145.28	$60.56	+139.9%	COM	742718109
GS	Goldman Sachs Group, Inc.	5,177	$4.661M	0.1%	$900.36	$188.34	+378.1%	COM	38141G104
LMT	Lockheed Martin Corporation	217,071	$111M	1.3%	$509.25	$303.00	+68.1%	COM	539830109
MSCI	MSCI Inc.	10,970	$5.909M	0.1%	$538.66	$508.24	+6.0%	COM	55354G100
TDY	Teledyne Technologies Incorporated	2,700	$1.638M	0.0%	$606.81	$472.61	+28.4%	COM	879360105
RDI	Reading International Incorporated	265,000	$490K	0.0%	$1.85	$10.45	-82.3%	CL A	755408101
CATO	Cato Corporation	105,445	$252K	0.0%	$2.39	$10.09	-76.3%	CL A	149205106
VZ	Verizon Communications Inc.	20,000	$917K	0.0%	$45.87	$28.99	+58.2%	COM	92343V104
MCO	Moody's Corporation	12,489	$5.672M	0.1%	$454.13	$354.77	+28.0%	COM	615369105
PM	Philip Morris International Inc.	5,000	$954K	0.0%	$190.82	$50.39	+278.7%	COM	718172109
NTRS	Northern Trust Corporation	9,500	$1.609M	0.0%	$169.36	$69.90	+142.3%	COM	665859104
NWS	News Corporation	8,140	$258K	0.0%	$31.72	$12.44	+155.0%	CL B	65249B208
MO	Altria Group, Inc.	4,200	$283K	0.0%	$67.34	$16.28	+313.7%	COM	02209S103