Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	206,631	$57.43M	15.6%	$115.89	+141.1%	CL B NEW	084670702
WTM	WHITE MTNS INS GROUP LTD	23,220	$26.66M	7.2%	$595.64	+96.0%	COM	G9618E107
—	ALLEGHANY CORP MD	32,127	$21.43M	5.8%	$404.07	—	COM	017175100
MKL	MARKEL CORP	16,808	$19.95M	5.4%	$619.88	+93.4%	COM	570535104
JEF	JEFFERIES FINL GROUP INC	583,190	$19.95M	5.4%	$16.22	+62.5%	COM	47233W109
—	ENSTAR GROUP LIMITED	83,036	$19.84M	5.4%	$163.29	—	SHS	G3075P101
WRB	BERKLEY W R CORP	255,695	$19.03M	5.2%	$14.35	+114.6%	COM	084423102
L	LOEWS CORP	290,688	$15.89M	4.3%	$42.22	+30.4%	COM	540424108
FRFHF	FAIRFAX FINL HLDGS LTD SUB VTG	31,561	$13.84M	3.8%	$394.37	+9.2%	Stock	303901102
MSFT	MICROSOFT CORP	24,662	$6.681M	1.8%	$26.70	+816.5%	COM	594918104
AVUV	AMERICAN CENTY ETF TR	59,797	$4.545M	1.2%	$71.30	—	US SML CP VALU	025072877
BK	BANK NEW YORK MELLON CORP	81,016	$4.15M	1.1%	$24.83	+76.6%	COM	064058100
UHAL	AMERCO	6,676	$3.935M	1.1%	$33.83	+73.3%	COM	023586100
AVDV	AMERICAN CENTY ETF TR	55,529	$3.594M	1.0%	$61.25	—	INTL SMCP VLU	025072802
SCHW	SCHWAB CHARLES CORP	47,335	$3.446M	0.9%	$49.84	+33.6%	COM	808513105
—	GENERAL AMERN INVS CO INC	78,500	$3.408M	0.9%	$31.93	—	COM	368802104
JNJ	JOHNSON & JOHNSON	19,283	$3.177M	0.9%	$60.59	+139.2%	COM	478160104
BRK/A	BERKSHIRE HATHAWAY INC DEL	7	$2.93M	0.8%	$283601.72	+48.2%	CL A	084670108
MHK	MOHAWK INDS INC	14,185	$2.726M	0.7%	$133.40	+52.6%	COM	608190104
CNQ	CANADIAN NAT RES LTD	70,526	$2.559M	0.7%	$9.20	+44.6%	COM	136385101
LEN/B	LENNAR CORP	29,114	$2.371M	0.6%	$34.48	+102.1%	CL B	526057302
CACC	CREDIT ACCEP CORP MICH	4,994	$2.268M	0.6%	$428.63	-4.3%	COM	225310101
NVR	NVR INC	448	$2.228M	0.6%	$3543.19	+37.2%	COM	62944T105
AAPL	APPLE INC	15,768	$2.16M	0.6%	$73.01	+73.2%	COM	037833100
—	CIMAREX ENERGY CO	29,139	$2.111M	0.6%	$66.60	—	COM	171798101
LUMN	LUMEN TECHNOLOGIES INC	153,476	$2.086M	0.6%	$10.83	+13.2%	COM	550241103
GHC	GRAHAM HLDGS CO	3,216	$2.039M	0.6%	$376.87	+63.4%	COM CL B	384637104
BR	BROADRIDGE FINL SOLUTIONS IN	12,205	$1.971M	0.5%	$21.85	+576.3%	COM	11133T103
RES	RPC INC	372,715	$1.845M	0.5%	$11.20	-55.9%	COM	749660106
TPL	TEXAS PACIFIC LAND CORPORATI	1,146	$1.833M	0.5%	$117.17	+40.1%	COM	88262P102
VIG	VANGUARD SPECIALIZED FUNDS	11,207	$1.735M	0.5%	$88.65	—	DIV APP ETF	921908844
—	ISTAR INC	81,533	$1.69M	0.5%	$10.65	—	COM	45031U101
FCX	FREEPORT-MCMORAN INC	44,803	$1.663M	0.5%	$10.56	+246.0%	CL B	35671D857
—	BROOKFIELD ASSET MGMT INC	32,543	$1.659M	0.4%	$37.75	—	CL A LTD VT SH	112585104
EMR	EMERSON ELEC CO	17,155	$1.651M	0.4%	$38.98	+119.4%	COM	291011104
OXY	OCCIDENTAL PETE CORP	52,357	$1.637M	0.4%	$23.89	+5.9%	COM	674599105
—	ROYCE VALUE TR INC	83,603	$1.586M	0.4%	$15.28	—	COM	780910105
—	VIDLER WATER RESOUCES INC	116,573	$1.55M	0.4%	$8.90	—	COM	92660E107
VONV	VANGUARD SCOTTSDALE FDS	22,211	$1.546M	0.4%	$94.94	—	VNG RUS1000VAL	92206C714
—	ROYCE MICRO-CAP TR INC	124,532	$1.544M	0.4%	$10.46	—	COM	780915104
VYM	VANGUARD WHITEHALL FDS	14,670	$1.537M	0.4%	$102.17	—	HIGH DIV YLD	921946406
IVOL	KRANESHARES TR	55,562	$1.535M	0.4%	$27.93	—	QUADRTC INT RT	500767736
CTO	CTO RLTY GROWTH INC NEW	28,607	$1.531M	0.4%	$52.00	—	COM	22948Q101
—	DISCOVERY INC	52,665	$1.526M	0.4%	$21.86	—	COM SER C	25470F302
—	SOURCE CAP INC	33,001	$1.502M	0.4%	$55.20	—	COM	836144105
JOE	ST JOE CO	31,120	$1.388M	0.4%	$17.07	+164.2%	COM	790148100
VIGI	VANGUARD WHITEHALL FDS	15,406	$1.348M	0.4%	$75.81	—	INTL DVD ETF	921946810
AMGN	AMGEN INC	5,241	$1.278M	0.3%	$91.03	+133.4%	COM	031162100
CRT	CROSS TIMBERS RTY TR	102,483	$1.212M	0.3%	$17.96	—	TR UNIT	22757R109
SBR	SABINE RTY TR	29,562	$1.192M	0.3%	$35.81	—	UNIT BEN INT	785688102
AXP	AMERICAN EXPRESS CO	7,209	$1.191M	0.3%	$57.26	+158.2%	COM	025816109
CNA	CNA FINL CORP	25,987	$1.182M	0.3%	$15.22	+121.7%	COM	126117100
—	AMERICAN NATIONAL GROUP INC	7,952	$1.181M	0.3%	$67.56	—	COM NEW	02772A109
ABT	ABBOTT LABS	10,156	$1.177M	0.3%	$28.85	+271.9%	COM	002824100
COP	CONOCOPHILLIPS	19,291	$1.175M	0.3%	$34.28	+37.7%	COM	20825C104
SJT	SAN JUAN BASIN RTY TR	226,465	$1.169M	0.3%	$9.88	—	UNIT BEN INT	798241105
CVX	CHEVRON CORP NEW	11,098	$1.162M	0.3%	$71.55	+21.7%	COM	166764100
CUBI	CUSTOMERS BANCORP INC	29,000	$1.131M	0.3%	$15.35	+134.6%	COM	23204G100
AR	ANTERO RESOURCES CORP	72,398	$1.088M	0.3%	$11.93	-1.6%	COM	03674X106
APD	AIR PRODS & CHEMS INC	3,744	$1.077M	0.3%	$64.78	+302.5%	COM	009158106
LBRDK	LIBERTY BROADBAND CORP	6,125	$1.064M	0.3%	$48.64	+209.8%	COM SER C	530307305
TGNA	TEGNA INC	56,200	$1.054M	0.3%	$18.79	+4.5%	COM	87901J105
DFAC	DIMENSIONAL ETF TRUST	38,259	$1.032M	0.3%	$26.97	—	US CORE EQUITY 2	25434V708
—	CORE LABORATORIES N V	26,241	$1.022M	0.3%	$22.52	—	COM	N22717107
PSLV	SPROTT PHYSICAL SILVER TR	109,934	$1.02M	0.3%	$6.42	—	TR UNIT	85207K107
SLB	SCHLUMBERGER LTD	30,665	$982K	0.3%	$21.99	+26.3%	COM STK	806857108
DNOW	NOW INC	100,408	$953K	0.3%	$16.66	-38.0%	COM	67011P100
DD	DUPONT DE NEMOURS INC	12,256	$949K	0.3%	$27.24	+12.3%	COM	26614N102
DMLP	DORCHESTER MINERALS LP	54,976	$926K	0.3%	$15.32	—	COM UNIT	25820R105
IAU	ISHARES GOLD TR	26,612	$897K	0.2%	$33.71	—	ISHARES NEW	464285204
PYPL	PAYPAL HLDGS INC	3,032	$884K	0.2%	$35.85	+635.0%	COM	70450Y103
CMBT	EURONAV NV	94,219	$878K	0.2%	$4.84	+10.7%	SHS	B38564108
DOW	DOW INC	12,554	$794K	0.2%	$36.37	+40.4%	COM	260557103
EBAY	EBAY INC.	11,297	$793K	0.2%	$42.53	+35.7%	COM	278642103
HP	HELMERICH & PAYNE INC	24,103	$786K	0.2%	$65.64	-55.2%	COM	423452101
—	CONTANGO OIL & GAS CO	169,819	$734K	0.2%	$3.09	—	COM NEW	21075N204
—	LIBERTY GLOBAL PLC	27,084	$732K	0.2%	$33.90	—	SHS CL C	G5480U120
USB	US BANCORP DEL	12,808	$730K	0.2%	$25.39	+88.0%	COM NEW	902973304
—	COVANTA HLDG CORP	40,250	$709K	0.2%	$20.02	—	COM	22282E102
CVS	CVS HEALTH CORP	8,301	$693K	0.2%	$52.38	+34.5%	COM	126650100
CABO	CABLE ONE INC	350	$669K	0.2%	$366.69	+356.1%	COM	12685J105
WFC	WELLS FARGO CO NEW	14,505	$657K	0.2%	$30.19	+32.4%	COM	949746101
AMAT	APPLIED MATLS INC	4,350	$619K	0.2%	$12.31	+947.0%	COM	038222105
CRC	CALIFORNIA RES CORP	20,470	$617K	0.2%	$17.02	+45.0%	COM STOCK	13057Q305
VFC	V F CORP	7,500	$615K	0.2%	$49.70	+67.7%	COM	918204108
—	LIBERTY MEDIA CORP DEL	12,750	$615K	0.2%	$37.15	—	COM SER C FRMLA	531229854
WABC	WESTAMERICA BANCORPORATION	10,309	$598K	0.2%	$29.77	+77.9%	COM	957090103
—	ABERDEEN EMRG MRKTS EQT INM	65,831	$596K	0.2%	$6.97	—	COM	00301W105
AVEM	AMERICAN CENTY ETF TR	8,480	$590K	0.2%	$67.77	—	AVANTIS EMGMKT	025072604
—	SOUTHWESTERN ENERGY CO	101,400	$575K	0.2%	$2.09	—	COM	845467109
ABEV	AMBEV SA	166,150	$572K	0.2%	$3.44	—	SPONSORED ADR	02319V103
NVS	NOVARTIS AG	6,245	$570K	0.2%	$72.71	—	SPONSORED ADR	66987V109
CTVA	CORTEVA INC	12,748	$565K	0.2%	$26.67	+64.6%	COM	22052L104
WY	WEYERHAEUSER CO MTN BE	16,290	$561K	0.2%	$18.86	+61.8%	COM NEW	962166104
SU	SUNCOR ENERGY INC NEW	22,850	$548K	0.1%	$19.09	0.0%	COM	867224107
VGSH	VANGUARD SCOTTSDALE FDS	8,866	$545K	0.1%	$62.10	—	SHORT TERM TREAS	92206C102
IP	INTERNATIONAL PAPER CO	8,850	$543K	0.1%	$22.81	+104.4%	COM	460146103
—	MONMOUTH REAL ESTATE INVT CO	28,725	$538K	0.1%	$10.46	—	CL A	609720107
GLW	CORNING INC	12,995	$531K	0.1%	$10.68	+258.7%	COM	219350105
BXMT	BLACKSTONE MTG TR INC	16,587	$529K	0.1%	$28.37	—	COM CL A	09257W100
TDW	TIDEWATER INC NEW	42,870	$517K	0.1%	$25.88	-48.7%	COM	88642R109
T	AT&T INC	17,332	$499K	0.1%	$13.28	+28.0%	COM	00206R102
AMR	ALPHA METALLURGICAL RESOUR I	19,368	$496K	0.1%	$13.54	+20.5%	COM	020764106
CMCSA	COMCAST CORP NEW	8,511	$485K	0.1%	$27.44	+78.8%	CL A	20030N101
CLF	CLEVELAND-CLIFFS INC NEW	22,106	$477K	0.1%	$13.35	+47.6%	COM	185899101
DFAI	DIMENSIONAL ETF TRUST	16,261	$475K	0.1%	$29.21	—	INTL CORE EQT MK	25434V203
GNK	GENCO SHIPPING & TRADING LTD	24,488	$462K	0.1%	$8.17	+89.2%	SHS	Y2685T131
GBDC	GOLUB CAP BDC INC	28,066	$433K	0.1%	$7.57	+27.5%	COM	38173M102
BX	BLACKSTONE GROUP INC	4,380	$425K	0.1%	$39.22	+94.4%	COM	09260D107
VAL	VALARIS LIMITED	14,698	$424K	0.1%	$25.06	0.0%	CL A	G9460G101
SO	SOUTHERN CO	6,890	$417K	0.1%	$27.42	+96.1%	COM	842587107
INTC	INTEL CORP	7,425	$417K	0.1%	$27.77	+93.0%	COM	458140100
FNF	FIDELITY NATIONAL FINANCIAL	9,313	$405K	0.1%	$24.90	+40.6%	FNF GROUP COM	31620R303
ZTS	ZOETIS INC	2,170	$404K	0.1%	$79.49	+109.4%	CL A	98978V103
OEC	ORION ENGINEERED CARBONS S A	21,180	$402K	0.1%	$21.20	-6.7%	COM	L72967109
NTR	NUTRIEN LTD	6,594	$400K	0.1%	$38.88	+32.0%	COM	67077M108
VGK	VANGUARD INTL EQUITY INDEX F	5,737	$386K	0.1%	$53.72	—	FTSE EUROPE ETF	922042874
CSCO	CISCO SYS INC	7,259	$385K	0.1%	$16.34	+180.5%	COM	17275R102
GD	GENERAL DYNAMICS CORP	2,028	$382K	0.1%	$56.44	+202.7%	COM	369550108
OFG	OFG BANCORP	17,200	$380K	0.1%	$16.32	+45.6%	COM	67103X102
VTV	VANGUARD INDEX FDS	2,702	$371K	0.1%	$133.87	—	VALUE ETF	922908744
VEA	VANGUARD TAX-MANAGED INTL FD	7,165	$369K	0.1%	$40.86	—	FTSE DEV MKT ETF	921943858
WMB	WILLIAMS COS INC	13,625	$362K	0.1%	$14.52	+40.7%	COM	969457100
CATY	CATHAY GEN BANCORP	9,185	$362K	0.1%	$14.04	+152.2%	COM	149150104
KMB	KIMBERLY-CLARK CORP	2,701	$361K	0.1%	$111.37	+0.9%	COM	494368103
MET	METLIFE INC	5,862	$351K	0.1%	$28.97	+90.1%	COM	59156R108
LBRDA	LIBERTY BROADBAND CORP	2,048	$344K	0.1%	$79.63	+84.0%	COM SER A	530307107
MAC	MACERICH CO	18,837	$344K	0.1%	$24.50	—	COM	554382101
VT	VANGUARD INTL EQUITY INDEX F	3,320	$344K	0.1%	$76.36	—	TT WRLD ST ETF	922042742
COST	COSTCO WHSL CORP NEW	852	$337K	0.1%	$148.67	+141.5%	COM	22160K105
ENB	ENBRIDGE INC	8,389	$336K	0.1%	$20.80	+37.7%	COM	29250N105
OSG	AMBAC FINL GROUP INC	21,100	$330K	0.1%	$18.92	-15.0%	COM NEW	023139884
AGO	ASSURED GUARANTY LTD	6,443	$306K	0.1%	$43.74	0.0%	COM	G0585R106
SRE	SEMPRA ENERGY	2,296	$304K	0.1%	$28.74	+104.8%	COM	816851109
DJCO	DAILY JOURNAL CORP	889	$301K	0.1%	$220.08	+45.9%	COM	233912104
PNC	PNC FINL SVCS GROUP INC	1,550	$296K	0.1%	$106.49	+49.0%	COM	693475105
VZ	VERIZON COMMUNICATIONS INC	5,202	$291K	0.1%	$28.97	+49.9%	COM	92343V104
VTWV	VANGUARD SCOTTSDALE FDS	2,002	$291K	0.1%	$87.16	—	VNG RUS2000VAL	92206C649
VTIP	VANGUARD MALVERN FDS	5,511	$289K	0.1%	$52.44	—	STRM INFPROIDX	922020805
IDT	IDT CORP	7,813	$289K	0.1%	$28.42	0.0%	CL B NEW	448947507
QCOM	QUALCOMM INC	2,000	$286K	0.1%	$95.56	+27.8%	COM	747525103
BSM	BLACK STONE MINERALS L P	26,543	$285K	0.1%	$11.32	—	COM UNIT	09225M101
IMO	IMPERIAL OIL LTD	9,180	$280K	0.1%	$19.43	+37.7%	COM NEW	453038408
ETR	ENTERGY CORP NEW	2,772	$276K	0.1%	$23.86	+86.6%	COM	29364G103
—	GRINDROD SHIPPING HOLDINGS L	24,445	$266K	0.1%	$4.26	—	SHS	Y28895103
EQT	EQT CORP	11,914	$265K	0.1%	$13.53	+40.2%	COM	26884L109
DSSI	DIAMOND S SHIPPING INC	26,592	$265K	0.1%	$14.10	—	COM	Y20676105
BHF	BRIGHTHOUSE FINL INC	5,668	$258K	0.1%	$33.58	+39.9%	COM	10922N103
PTEN	PATTERSON-UTI ENERGY INC	25,970	$258K	0.1%	$21.55	-60.7%	COM	703481101
—	CENTRAL SECS CORP	5,990	$253K	0.1%	$28.88	—	COM	155123102
CARS	CARS COM INC	16,931	$243K	0.1%	$26.86	-48.3%	COM	14575E105
TFSL	TFS FINL CORP	11,370	$231K	0.1%	$13.24	+8.2%	COM	87240R107
SLV	ISHARES SILVER TR	9,538	$231K	0.1%	$24.50	—	ISHARES	46428Q109
CEF	SPROTT PHYSICAL GOLD & SILVE	12,291	$230K	0.1%	$17.21	—	TR UNIT	85208R101
GEOS	GEOSPACE TECHNOLOGIES CORP	28,070	$227K	0.1%	$12.82	-35.8%	COM	37364X109
OVLY	OAK VY BANCORP OAKDALE CALIF	12,515	$227K	0.1%	$8.75	+103.5%	COM	671807105
BAC	BK OF AMERICA CORP	5,451	$225K	0.1%	$30.64	+19.3%	COM	060505104
SLRC	SLR INVESTMENT CORP	11,663	$217K	0.1%	$10.00	+16.1%	COM	83413U100
—	LIBERTY MEDIA CORP DEL	7,657	$213K	0.1%	$24.88	—	COM C BRAVES GRP	531229888
LMT	LOCKHEED MARTIN CORP	552	$209K	0.1%	$299.96	+12.9%	COM	539830109
MRK	MERCK & CO INC	2,666	$207K	0.1%	$32.58	+96.9%	COM	58933Y105
CC	CHEMOURS CO	5,882	$205K	0.1%	$28.12	0.0%	COM	163851108
UBFO	UNITED SEC BANCSHARES CALIF	19,862	$162K	0.0%	$2.58	+137.6%	COM	911460103
—	SPROTT FOCUS TR INC	16,837	$143K	0.0%	$7.84	—	COM	85208J109
—	RAMACO RES INC	25,000	$138K	0.0%	$3.52	—	COM	75134P303
—	ANNALY CAPITAL MANAGEMENT IN	13,000	$115K	0.0%	$9.96	—	COM	035710409
FTI	TECHNIPFMC PLC	10,400	$94,000	0.0%	$8.02	+3.4%	COM	G87110105
ARQ	ADVANCED EMISSIONS SOLUTIONS	12,150	$90,000	0.0%	$5.60	+10.0%	COM	00770C101
—	TEEKAY CORPORATION	22,880	$85,000	0.0%	$4.24	—	COM	Y8564W103
MTR	MESA RTY TR	11,371	$72,000	0.0%	$4.10	—	UNIT BEN INT	590660106
TTI	TETRA TECHNOLOGIES INC DEL	16,000	$69,000	0.0%	$0.78	+323.2%	COM	88162F105
WTI	W & T OFFSHORE INC	10,000	$49,000	0.0%	$1.93	+100.3%	COM	92922P106
HNRG	HALLADOR ENERGY COMPANY	12,500	$34,000	0.0%	$4.97	-52.5%	COM	40609P105
TPHS	TRINITY PL HLDGS INC	10,050	$21,000	0.0%	$3.82	-48.5%	COM	89656D101
—	BORR DRILLING LTD	16,754	$14,000	0.0%	$8.06	—	SHS	G1466R207