Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	Berkshire Hathaway 'B'	312,109	$109M	9.9%	$112.39	+215.7%	—	084670702
HCA	HCA Healthcare, Inc.	427,126	$105M	9.5%	$60.48	+343.7%	—	40412C101
FRFHF	Fairfax Financial Hld	106,983	$87.74M	7.9%	$330.98	+137.4%	—	303901102
AAPL	Apple Inc.	308,562	$52.83M	4.8%	$82.04	+121.0%	—	037833100
—	Accenture Ltd	114,053	$35.03M	3.2%	$76.68	—	—	g1151c101
MSFT	Microsoft Corp.	107,991	$34.1M	3.1%	$76.98	+321.6%	—	594918104
—	Alphabet Inc. Class C	189,417	$24.98M	2.3%	$137.17	—	—	02079k107
AMZN	Amazon.com	166,139	$21.12M	1.9%	$122.27	+9.6%	—	023135106
LOW	Lowes Companies	83,948	$17.45M	1.6%	$44.80	+379.7%	—	548661107
JNJ	Johnson & Johnson	109,977	$17.13M	1.6%	$74.63	+105.4%	—	478160104
MDLZ	Mondelez Int'l Inc	227,563	$15.79M	1.4%	$25.48	+163.7%	—	609207105
URI	United Rentals, Inc.	33,941	$15.09M	1.4%	$161.27	+177.5%	—	911363109
FDX	FedEx Corp.	54,917	$14.55M	1.3%	$139.85	+76.4%	—	31428X106
XOM	Exxon Mobil Corp.	122,398	$14.39M	1.3%	$53.20	+89.9%	—	30231G102
V	Visa Inc	61,868	$14.23M	1.3%	$204.28	+15.6%	—	92826C839
PG	Procter & Gamble Co.	95,993	$14M	1.3%	$56.63	+154.5%	—	742718109
—	Pinnacle Financial Partners	198,682	$13.32M	1.2%	$63.68	—	—	72346q104
—	Goldman Sachs Group	39,630	$12.82M	1.2%	$223.92	—	—	38141g104
CAT	Caterpillar Inc.	44,925	$12.27M	1.1%	$80.18	+226.1%	—	149123101
WMT	Wal-Mart Stores Inc.	74,603	$11.93M	1.1%	$21.54	+140.6%	—	931142103
L	Loews Corp.	183,401	$11.61M	1.1%	$42.04	+47.1%	—	540424108
MDT	Medtronic PLC	135,779	$10.64M	1.0%	$78.24	-0.6%	—	G5960L103
HD	Home Depot Inc.	35,128	$10.61M	1.0%	$59.76	+407.0%	—	437076102
FISV	Fiserv	90,943	$10.27M	0.9%	$110.12	+11.8%	—	337738108
HAL	Halliburton Inc.	253,291	$10.26M	0.9%	$31.02	+19.2%	—	406216101
RTX	Raytheon Technologies Corp.	142,313	$10.24M	0.9%	$66.32	+22.5%	—	75513E101
DIS	Walt Disney Co.	125,783	$10.2M	0.9%	$80.26	+4.0%	—	254687106
RSG	Republic Services Inc.	71,274	$10.16M	0.9%	$31.57	+357.0%	—	760759100
—	Merck & Company Inc.	98,277	$10.12M	0.9%	$53.41	—	—	58933y105
UPS	United Parcel Svc. Cl B	55,998	$8.728M	0.8%	$76.23	+98.9%	—	911312106
GLD	SPDR Gold Trust	50,899	$8.727M	0.8%	$169.96	—	—	78463V107
BLX	Bladex	372,322	$7.893M	0.7%	$11.51	+79.2%	—	P16994132
SYY	Sysco Corp.	118,205	$7.807M	0.7%	$37.60	+78.3%	—	871829107
CVS	CVS Health Corp.	105,814	$7.388M	0.7%	$62.33	+3.6%	—	126650100
AMGN	Amgen Inc.	26,885	$7.226M	0.7%	$104.50	+121.9%	—	031162100
CSCO	Cisco Systems Inc.	130,075	$6.993M	0.6%	$19.65	+156.0%	—	17275R102
—	Meta Platforms, Inc.	22,804	$6.846M	0.6%	$249.02	—	—	30303m102
CXW	CoreCivic, Inc.	601,589	$6.768M	0.6%	$13.83	-27.3%	—	21871N101
HON	Honeywell Intl.	36,598	$6.761M	0.6%	$117.24	+48.3%	—	438516106
AEM	Agnico Eagle Mines	144,927	$6.587M	0.6%	$34.76	+34.3%	—	008474108
INTC	Intel Corp.	169,992	$6.043M	0.5%	$19.44	+76.0%	—	458140100
—	ViaSat Inc	324,500	$5.99M	0.5%	$33.61	—	—	92552v100
NOV	NOV Inc.	275,000	$5.747M	0.5%	$12.87	+54.5%	—	62955J103
SLB	Schlumberger Ltd.	97,329	$5.674M	0.5%	$45.35	+20.0%	—	806857108
—	Comcast Corp. - Class A	127,684	$5.662M	0.5%	$43.00	—	—	20030n101
—	Zoetis, Inc.	32,446	$5.645M	0.5%	$38.85	—	—	98978v103
BN	Brookfield Corp.	170,252	$5.324M	0.5%	$21.90	+1.2%	—	11271J107
PFE	Pfizer Inc.	156,865	$5.203M	0.5%	$20.24	+51.0%	—	717081103
BA	Boeing Co.	27,107	$5.196M	0.5%	$193.21	+13.2%	—	097023105
PM	Philip Morris Intl	54,795	$5.073M	0.5%	$50.41	+71.0%	—	718172109
BAC	BankAmerica Corp.	182,150	$4.987M	0.5%	$26.82	+3.7%	—	060505104
CVX	Chevron Corp.	29,325	$4.945M	0.4%	$85.51	+70.5%	—	166764100
WTM	White Mountain Ins	3,283	$4.91M	0.4%	$583.58	+163.1%	—	G9618E107
—	Oracle	46,144	$4.888M	0.4%	$39.09	—	—	68389x105
JEF	Jefferies Financial Grp	133,240	$4.881M	0.4%	$16.31	+104.5%	—	47233W109
—	DXC Technology Co.	214,139	$4.461M	0.4%	$38.19	—	—	23355l106
SBUX	Starbucks Corp.	45,907	$4.19M	0.4%	$56.83	+62.7%	—	855244109
KO	Coca Cola Co.	74,337	$4.161M	0.4%	$33.32	+67.2%	—	191216100
BMY	Bristol Myers Squibb	70,474	$4.09M	0.4%	$39.60	+37.2%	—	110122108
SYK	Stryker	14,949	$4.085M	0.4%	$195.02	+43.6%	—	863667101
—	Regions Financial Corp.	233,768	$4.021M	0.4%	$10.68	—	—	7591ep100
MCD	McDonalds Corp.	14,743	$3.884M	0.4%	$88.26	+205.4%	—	580135101
—	National Health Invstrs	75,140	$3.859M	0.3%	$59.86	—	—	63633d104
BAM	Brookfield Asset Mgmt	113,200	$3.774M	0.3%	$27.10	+14.8%	—	113004105
—	Equity Commonwealth	202,200	$3.714M	0.3%	$29.50	—	—	294628102
—	J. P. Morgan Chase & Co. Inc.	25,580	$3.71M	0.3%	$97.75	—	—	46625h100
NVDA	Nvidia Corp	8,412	$3.659M	0.3%	$17.29	+159.0%	—	67066G104
ABT	Abbott Laboratories	36,066	$3.493M	0.3%	$35.45	+183.4%	—	002824100
BP	BP PLC	89,008	$3.446M	0.3%	$30.03	—	—	055622104
VTS	Vitesse Energy, Inc.	149,715	$3.427M	0.3%	$17.24	+36.1%	—	92852X103
STZ	Constellation Brands Inc. Clas	13,555	$3.407M	0.3%	$225.77	+10.4%	—	21036P108
—	M&T Bank Corp.	26,750	$3.383M	0.3%	$159.40	—	—	55261f104
IJR	iShares S&P SmallCap 600 Index	35,624	$3.36M	0.3%	$79.35	—	—	464287804
ADT	ADT, Inc.	552,268	$3.314M	0.3%	$7.02	-17.1%	—	00090Q103
—	Alphabet Inc. Class A	25,276	$3.308M	0.3%	$157.36	—	—	02079k305
BBBY	Overstock	204,035	$3.228M	0.3%	$19.70	+36.7%	—	690370101
PINK	PINK Simplify Health Care ETF	128,493	$3.226M	0.3%	$24.12	—	—	82889N772
—	TEGNA, Inc.	216,695	$3.157M	0.3%	$31.31	—	—	87901j105
APA	APA Corporation	73,706	$3.029M	0.3%	$33.90	+10.7%	—	03743Q108
GHC	Graham Holdings Co	5,100	$2.973M	0.3%	$483.02	+17.4%	—	384637104
VWO	Vanguard Emerging Markets ETF	74,105	$2.906M	0.3%	$41.16	—	—	922042858
PEP	PepsiCo Inc.	16,824	$2.851M	0.3%	$63.72	+162.3%	—	713448108
—	Travelers Inc.	17,390	$2.84M	0.3%	$135.12	—	—	89417e109
WFC	Wells Fargo & Co.	68,409	$2.795M	0.3%	$36.32	+12.0%	—	949746101
—	AbbVie, Inc.	18,579	$2.769M	0.3%	$72.48	—	—	00287y109
—	VanEck Vectors Oil Services ET	7,709	$2.66M	0.2%	$212.62	—	—	92189h607
DEO	Diageo PLC	16,422	$2.45M	0.2%	$128.53	—	—	25243Q205
CARR	Carrier Global Corp.	43,241	$2.387M	0.2%	$17.13	+211.9%	—	14448C104
NKE	Nike	24,862	$2.377M	0.2%	$110.47	-11.1%	—	654106103
—	Geo Group Inc	287,000	$2.348M	0.2%	$7.70	—	—	36162j106
BKD	Brookdale Sr Living Inc	558,995	$2.314M	0.2%	$9.36	-57.1%	—	112463104
—	Cable One Inc	3,680	$2.266M	0.2%	$651.03	—	—	12685j105
OI	O-I Glass, Inc.	125,675	$2.103M	0.2%	$9.90	+103.2%	—	67098H104
HSIC	Henry Schein, Inc.	28,180	$2.092M	0.2%	$75.48	+2.1%	—	806407102
—	Hewlett Packard Ent	119,784	$2.081M	0.2%	$13.03	—	—	42824c109
SPYV	SPDR S&P 500 Value ETF	48,800	$2.013M	0.2%	$38.99	—	—	78464A508
—	Cleveland Cliffs	122,000	$1.907M	0.2%	$16.11	—	—	185896107
EEM	iShares MSCI Emerging Markets	49,420	$1.875M	0.2%	$45.88	—	—	464287234
DAL	Delta Airlines Inc.	50,619	$1.873M	0.2%	$43.99	-3.8%	—	247361702
IBM	International Business Machine	13,094	$1.837M	0.2%	$109.79	+20.0%	—	459200101
TFC	Truist Financial Corp.	63,900	$1.828M	0.2%	$40.55	-33.0%	—	89832Q109
—	Duke Energy Corp.	20,459	$1.806M	0.2%	$69.68	—	—	26441c204
USB	US Bancorp	53,023	$1.753M	0.2%	$37.93	-14.3%	—	902973304
KHC	Kraft Heinz Company	49,692	$1.672M	0.2%	$35.33	-13.7%	—	500754106
VMC	Vulcan Materials	8,142	$1.645M	0.1%	$47.19	+352.9%	—	929160109
DOC	Healthpeak Properties Inc.	83,990	$1.542M	0.1%	$23.95	-26.3%	—	42250P103
IWD	iShares Russell Value Index	9,320	$1.415M	0.1%	$120.74	—	—	464287598
—	Select Basic Materials Sector	17,801	$1.398M	0.1%	$51.48	—	—	81369y100
NEM	Newmont Mining Corp	35,984	$1.33M	0.1%	$42.15	-9.1%	—	651639106
—	Altria Group, Inc.	31,366	$1.319M	0.1%	$36.50	—	—	02209s103
PYPL	PayPal Holdings Inc.	21,364	$1.249M	0.1%	$128.25	-49.3%	—	70450Y103
SPY	S & P 500 Index Depository Rec	2,923	$1.249M	0.1%	$285.35	—	—	78462F103
PSX	Phillips 66	10,346	$1.243M	0.1%	$64.16	+61.1%	—	718546104
—	KKR & Co., Inc. Cl A	19,721	$1.215M	0.1%	$24.83	—	—	48251w104
LUV	Southwest Airlines Co.	42,826	$1.159M	0.1%	$37.98	-18.7%	—	844741108
SHEL	Shell PLC	17,045	$1.097M	0.1%	$54.92	—	—	780259305
AXP	American Express Co.	7,223	$1.078M	0.1%	$73.21	+117.0%	—	025816109
BRK/A	Berkshire Hathaway 'A'	2	$1.063M	0.1%	$177346.64	+203.9%	—	084670108
—	SPDR Oil & Gas Exploration	7,115	$1.052M	0.1%	$147.86	—	—	78464A730
EFA	iShares MSCI EAFE Index Fund	15,239	$1.05M	0.1%	$65.74	—	—	464287465
TPR	Tapestry, Inc.	35,143	$1.01M	0.1%	$31.73	+8.1%	—	876030107
OTIS	Otis Worldwide Corp.	12,245	$983K	0.1%	$47.48	+73.1%	—	68902V107
—	Dominion Energy Inc.	21,877	$977K	0.1%	$62.36	—	—	25746u109
AIG	American Int'l Group	16,107	$976K	0.1%	$45.94	+23.3%	—	026874784
IWB	iShares Russell 1000 Index ETF	4,025	$946K	0.1%	$120.96	—	—	464287622
—	3M Company	9,912	$928K	0.1%	$117.43	—	—	88579y101
VV	Vanguard Large-Cap Exchanged T	4,721	$924K	0.1%	$99.06	—	—	922908637
IWF	iShares TR Russell 1000 Growth	3,395	$903K	0.1%	$169.26	—	—	464287614
XLU	SPDR Utilities Select	15,176	$894K	0.1%	$63.20	—	—	81369Y886
DHR	Danaher Corp.	3,454	$857K	0.1%	$96.98	+127.0%	—	235851102
GIS	General Mills Inc.	13,345	$854K	0.1%	$35.08	+84.1%	—	370334104
TJX	TJX Companies, Inc.	9,559	$850K	0.1%	$36.28	+135.3%	—	872540109
OC	Owens Corning	6,119	$835K	0.1%	$46.47	+195.7%	—	690742101
EPP	iShares MSCI Pacific Rim	20,973	$834K	0.1%	$43.16	—	—	464286665
ALL	AllState Corp.	7,413	$826K	0.1%	$45.92	+125.6%	—	020002101
ACWI	iShares Tr MSCI ACWI ETF	8,672	$801K	0.1%	$92.04	—	—	464288257
—	Novartis AG	7,830	$798K	0.1%	$75.47	—	—	66987v109
TRC	Tejon Ranch Co.	49,150	$797K	0.1%	$18.61	-9.1%	—	879080109
VB	Vanguard Small-Cap VIPERs	4,000	$756K	0.1%	$113.16	—	—	922908751
LHX	L3Harris Technologies, Inc	4,311	$751K	0.1%	$182.62	-4.2%	—	502431109
—	ConocoPhillips	6,161	$738K	0.1%	$54.78	—	—	20825c104
NSC	Norfolk Southern Corp.	3,554	$700K	0.1%	$111.19	+84.4%	—	655844108
LUMN	Lumen Technologies	472,893	$672K	0.1%	$7.96	-78.7%	—	550241103
XLV	Amex SPDR Health Care Select I	5,151	$663K	0.1%	$128.71	—	—	81369Y209
TSLA	Tesla, Inc.	2,641	$661K	0.1%	$240.61	+6.8%	—	88160R101
DRI	Darden Restaurants, Inc.	4,304	$616K	0.1%	$35.03	+320.1%	—	237194105
—	Target Corporation	5,449	$602K	0.1%	$147.06	—	—	87612e106
IJH	iShares Core S&P MidCap ETF	2,385	$595K	0.1%	$186.64	—	—	464287507
IRM	Iron Mountain, Inc.	9,950	$592K	0.1%	$36.50	+54.3%	—	46284V101
—	Energy Select Sector - SPDR	6,475	$585K	0.1%	$90.35	—	—	81369y506
VO	Vanguard Mid-Cap Exchange Trad	2,701	$562K	0.1%	$128.39	—	—	922908629
TSCO	Tractor Supply Co	2,749	$558K	0.1%	$36.53	+13.8%	—	892356106
—	NextEra Energy, Inc.	9,625	$551K	0.0%	$89.63	—	—	65339f101
MS	Morgan Stanley	6,488	$530K	0.0%	$20.23	+297.0%	—	617446448
AZO	AutoZone	198	$503K	0.0%	$1057.54	+137.3%	—	053332102
—	Marathon Petroleum Corp.	3,285	$497K	0.0%	$63.48	—	—	56585a102
T	AT&T, Inc.	33,038	$496K	0.0%	$11.73	+10.5%	—	00206R102
WBD	Warner Bros. Discovery	45,180	$491K	0.0%	$15.91	-21.6%	—	934423104
IWR	iShares Russell Mid-Cap Index	6,930	$480K	0.0%	$67.45	—	—	464287499
—	Verizon Comm.	13,942	$452K	0.0%	$53.28	—	—	92343v104
TM	Toyota Motor Corp.	2,517	$452K	0.0%	$120.00	—	—	892331307
RHHBY	Roche Holdings	12,743	$436K	0.0%	$46.68	—	—	771195104
—	Valero Energy Corp.	3,019	$428K	0.0%	$82.96	—	—	91913y100
—	Adams Diversified Equity Fund,	25,000	$416K	0.0%	$12.60	—	—	006212104
EW	Edwards Lifesciences Corp	5,876	$407K	0.0%	$74.24	+8.3%	—	28176E108
MA	MasterCard Inc.	1,010	$400K	0.0%	$362.87	+9.2%	—	57636Q104
DVY	iShares DJ Select Dividend Ind	3,595	$387K	0.0%	$114.40	—	—	464287168
UNH	UnitedHealth Group	745	$376K	0.0%	$364.58	+28.9%	—	91324P102
—	TE Connectivity Ltd	3,011	$372K	0.0%	$60.69	—	—	H84989104
COST	Costco Wholesale	642	$363K	0.0%	$317.75	+67.5%	—	22160K105
CI	CIGNA Corp.	1,241	$355K	0.0%	$146.15	+86.7%	—	125523100
IVV	iShares S&P 500 Core Index ETF	827	$355K	0.0%	$339.00	—	—	464287200
IAK	iShares US Insurance ETF	3,835	$351K	0.0%	$91.53	—	—	464288786
TDY	Teledyne Technologies Inc.	847	$346K	0.0%	$226.53	+79.1%	—	879360105
FOXA	Fox Corp. Cl A	11,002	$343K	0.0%	$35.41	-10.0%	—	35137L105
SO	Southern Co.	5,279	$342K	0.0%	$45.68	+39.6%	—	842587107
VTI	Vanguard Index Total Stock Fun	1,612	$342K	0.0%	$160.46	—	—	922908769
—	Prologis Inc.	2,918	$327K	0.0%	$112.56	—	—	74340w103
VBK	Vanguard Small-Cap Growth ETF	1,491	$319K	0.0%	$157.01	—	—	922908595
—	Zimmer Biomet Holdings, Inc.	2,751	$309K	0.0%	$104.69	—	—	98956p102
CRM	Salesforce.com, Inc.	1,515	$307K	0.0%	$167.89	+27.1%	—	79466L302
AMAT	Applied Materials Inc.	2,181	$302K	0.0%	$111.21	+26.3%	—	038222105
IWM	Russell 2000 Index Fund	1,682	$297K	0.0%	$195.84	—	—	464287655
GE	General Electric Co.	2,680	$296K	0.0%	$48.38	+83.3%	—	369604301
—	HealthStream Inc.	13,600	$293K	0.0%	$25.29	—	—	42222n103
NSRGY	Nestle SA Sponsored Reg	2,557	$289K	0.0%	$76.58	—	—	641069406
—	Truxton Corp.	4,880	$289K	0.0%	$61.07	—	—	89845y107
NOC	Northrop Grumman	639	$281K	0.0%	$339.14	+24.3%	—	666807102
AAL	American Airlines Grp	21,577	$276K	0.0%	$35.76	-56.6%	—	02376R102
LLY	Eli Lilly & Co.	483	$259K	0.0%	$411.47	+23.2%	—	532457108
SXC	SunCoke Energy	25,000	$254K	0.0%	$9.20	-1.6%	—	86722A103
MELI	MercadoLibre, Inc.	200	$254K	0.0%	$1137.53	+11.8%	—	58733R102
AGI	Alamos Gold Cl A	20,000	$226K	0.0%	$8.08	+47.3%	—	011532108
AVGO	Broadcom, Inc.	269	$223K	0.0%	$68.73	+22.2%	—	11135F101
PAAS	Pan American Silver	15,036	$218K	0.0%	$21.85	-28.4%	—	697900108
VNQ	Vanguard REIT ETF	2,736	$207K	0.0%	$91.64	—	—	922908553
KGC	Kinross Gold Corp	21,466	$98,000	0.0%	$4.84	+1.4%	—	496902404
NWBO	Northwest Biotherapeutics, Inc	20,000	$18,000	0.0%	$0.20	+203.6%	—	66737P600
—	Provectus Biophamaceuticals	50,000	$4,000	0.0%	$0.04	—	—	74373p108
—	Provision Holding, Inc. Com	221,450	$0	0.0%	$0.00	—	—	744121104
—	Energold Drilling Corp	10,000	$0	0.0%	—	—	—	29268a103