Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	194,452	$53.09M	13.6%	$115.89	+170.7%	CL B NEW	084670702
WTM	WHITE MTNS INS GROUP LTD	22,671	$28.25M	7.3%	$595.64	+95.0%	COM	G9618E107
WRB	BERKLEY W R CORP	366,894	$25.04M	6.4%	$21.68	+91.6%	COM	084423102
MKL	MARKEL CORP	16,430	$21.25M	5.5%	$619.88	+121.4%	COM	570535104
—	ALLEGHANY CORP MD	24,643	$20.53M	5.3%	$404.07	—	COM	017175100
—	ENSTAR GROUP LIMITED	83,264	$17.82M	4.6%	$165.30	—	SHS	G3075P101
FRFHF	FAIRFAX FINL HLDGS LTD SUB VTG	31,067	$16.46M	4.2%	$508.72	0.0%	Stock	303901102
L	LOEWS CORP	275,660	$16.34M	4.2%	$42.22	+47.1%	COM	540424108
JEF	JEFFERIES FINL GROUP INC	563,080	$15.55M	4.0%	$16.36	+60.7%	COM	47233W109
VTIP	VANGUARD MALVERN FDS	267,709	$13.42M	3.4%	$51.25	—	STRM INFPROIDX	922020805
AVUV	AMERICAN CENTY ETF TR	125,597	$8.586M	2.2%	$72.22	—	US SML CP VALU	025072877
AVDV	AMERICAN CENTY ETF TR	106,415	$5.614M	1.4%	$60.62	—	INTL SMCP VLU	025072802
MSFT	MICROSOFT CORP	20,870	$5.36M	1.4%	$26.70	+886.5%	COM	594918104
OXY	OCCIDENTAL PETE CORP	76,949	$4.531M	1.2%	$25.60	+127.0%	COM	674599105
CNQ	CANADIAN NAT RES LTD	69,067	$3.708M	1.0%	$9.30	+175.4%	COM	136385101
UHAL	AMERCO	7,213	$3.449M	0.9%	$35.72	+44.8%	COM	023586100
JNJ	JOHNSON & JOHNSON	18,701	$3.32M	0.9%	$60.59	+164.0%	COM	478160104
BK	BANK NEW YORK MELLON CORP	78,460	$3.273M	0.8%	$24.83	+61.3%	COM	064058100
CTRA	COTERRA ENERGY INC	116,537	$3.005M	0.8%	$16.87	+51.9%	COM	127097103
CACC	CREDIT ACCEP CORP MICH	6,291	$2.978M	0.8%	$456.20	+21.0%	COM	225310101
SCHW	SCHWAB CHARLES CORP	47,117	$2.977M	0.8%	$49.84	+31.5%	COM	808513105
BRK/A	BERKSHIRE HATHAWAY INC DEL	7	$2.863M	0.7%	$283601.72	+66.1%	CL A	084670108
AR	ANTERO RESOURCES CORP	89,105	$2.731M	0.7%	$12.45	+193.8%	COM	03674X106
—	ROYCE MICRO-CAP TR INC	315,973	$2.642M	0.7%	$9.56	—	COM	780915104
RES	RPC INC	359,364	$2.483M	0.6%	$11.20	-21.9%	COM	749660106
—	GENERAL AMERN INVS CO INC	66,003	$2.334M	0.6%	$31.93	—	COM	368802104
DFAI	DIMENSIONAL ETF TRUST	87,457	$2.111M	0.5%	$28.43	—	INTL CORE EQT MK	25434V203
GHC	GRAHAM HLDGS CO	3,703	$2.099M	0.5%	$403.71	+42.3%	COM CL B	384637104
AAPL	APPLE INC	15,158	$2.072M	0.5%	$73.01	+103.6%	COM	037833100
SJT	SAN JUAN BASIN RTY TR	233,675	$2.026M	0.5%	$9.84	—	UNIT BEN INT	798241105
LUMN	LUMEN TECHNOLOGIES INC	174,604	$1.905M	0.5%	$10.84	-0.2%	COM	550241103
BSM	BLACK STONE MINERALS L P	133,634	$1.829M	0.5%	$11.67	—	COM UNIT	09225M101
NVR	NVR INC	448	$1.794M	0.5%	$3543.19	+20.2%	COM	62944T105
SBR	SABINE RTY TR	29,162	$1.776M	0.5%	$35.81	—	UNIT BEN INT	785688102
VTV	VANGUARD INDEX FDS	13,307	$1.755M	0.5%	$137.13	—	VALUE ETF	922908744
DFAC	DIMENSIONAL ETF TRUST	75,230	$1.753M	0.5%	$27.19	—	US CORE EQUITY 2	25434V708
SLB	SCHLUMBERGER LTD	48,746	$1.743M	0.4%	$26.52	+44.4%	COM STK	806857108
LEN/B	LENNAR CORP	29,150	$1.711M	0.4%	$35.68	+59.6%	CL B	526057302
COP	CONOCOPHILLIPS	18,627	$1.673M	0.4%	$34.28	+162.4%	COM	20825C104
CTO	CTO RLTY GROWTH INC NEW	27,015	$1.651M	0.4%	$52.00	—	COM	22948Q101
IVOL	KRANESHARES TR	64,682	$1.639M	0.4%	$27.89	—	QUADRTC INT RT	500767736
BR	BROADRIDGE FINL SOLUTIONS IN	11,452	$1.632M	0.4%	$21.85	+523.6%	COM	11133T103
VIGI	VANGUARD WHITEHALL FDS	23,243	$1.595M	0.4%	$78.11	—	INTL DVD ETF	921946810
TPL	TEXAS PACIFIC LAND CORPORATI	1,065	$1.585M	0.4%	$117.17	+33.2%	COM	88262P102
VYM	VANGUARD WHITEHALL FDS	15,442	$1.57M	0.4%	$102.24	—	HIGH DIV YLD	921946406
CRT	CROSS TIMBERS RTY TR	102,539	$1.538M	0.4%	$17.96	—	TR UNIT	22757R109
ABEV	AMBEV SA	589,529	$1.48M	0.4%	$2.95	—	SPONSORED ADR	02319V103
CVX	CHEVRON CORP NEW	10,159	$1.471M	0.4%	$71.55	+99.4%	COM	166764100
VIG	VANGUARD SPECIALIZED FUNDS	9,885	$1.418M	0.4%	$98.86	—	DIV APP ETF	921908844
—	BROOKFIELD ASSET MGMT INC	30,526	$1.357M	0.3%	$37.75	—	CL A LTD VT SH	112585104
FCX	FREEPORT-MCMORAN INC	45,949	$1.344M	0.3%	$11.92	+218.1%	CL B	35671D857
EMR	EMERSON ELEC CO	16,600	$1.32M	0.3%	$38.98	+110.1%	COM	291011104
—	CORE LABORATORIES N V	66,519	$1.318M	0.3%	$23.06	—	COM	N22717107
DMLP	DORCHESTER MINERALS LP	54,876	$1.309M	0.3%	$15.32	—	COM UNIT	25820R105
CMBT	EURONAV NV	109,652	$1.308M	0.3%	$4.97	+43.5%	SHS	B38564108
AMGN	AMGEN INC	5,192	$1.263M	0.3%	$91.03	+140.1%	COM	031162100
AVEM	AMERICAN CENTY ETF TR	24,169	$1.258M	0.3%	$60.60	—	AVANTIS EMGMKT	025072604
JOE	ST JOE CO	28,618	$1.132M	0.3%	$17.07	+192.1%	COM	790148100
VONV	VANGUARD SCOTTSDALE FDS	17,791	$1.131M	0.3%	$94.94	—	VNG RUS1000VAL	92206C714
CRGY	CRESCENT ENERGY COMPANY	89,425	$1.116M	0.3%	$12.65	+11.5%	CL A COM	44952J104
CUBI	CUSTOMERS BANCORP INC	32,874	$1.114M	0.3%	$18.63	+118.1%	COM	23204G100
—	ISTAR INC	80,020	$1.097M	0.3%	$10.65	—	COM	45031U101
AMR	ALPHA METALLURGICAL RESOUR I	8,413	$1.086M	0.3%	$13.54	+960.7%	COM	020764106
CNA	CNA FINL CORP	24,081	$1.081M	0.3%	$15.22	+134.0%	COM	126117100
WBD	WARNER BROS DISCOVERY INC	79,445	$1.066M	0.3%	$18.55	0.0%	COM SER A	934423104
ABT	ABBOTT LABS	9,815	$1.066M	0.3%	$28.85	+267.8%	COM	002824100
—	ROYCE VALUE TR INC	72,308	$1.01M	0.3%	$15.28	—	COM	780910105
AXP	AMERICAN EXPRESS CO	7,109	$985K	0.3%	$57.26	+175.2%	COM	025816109
OIH	VANECK ETF TRUST	4,076	$948K	0.2%	$231.55	—	OIL SERVICES ETF	92189H607
HP	HELMERICH & PAYNE INC	21,808	$939K	0.2%	$64.35	-27.8%	COM	423452101
CLF	CLEVELAND-CLIFFS INC NEW	60,529	$930K	0.2%	$19.49	+22.6%	COM	185899101
APD	AIR PRODS & CHEMS INC	3,755	$903K	0.2%	$64.78	+241.0%	COM	009158106
IAU	ISHARES GOLD TR	25,863	$887K	0.2%	$33.71	—	ISHARES NEW	464285204
TDW	TIDEWATER INC NEW	40,370	$851K	0.2%	$25.88	-11.1%	COM	88642R109
CRC	CALIFORNIA RES CORP	22,072	$850K	0.2%	$18.88	+105.8%	COM STOCK	13057Q305
—	SOURCE CAP INC	22,129	$826K	0.2%	$55.20	—	COM	836144105
—	LIBERTY MEDIA CORP DEL	12,341	$783K	0.2%	$37.15	—	COM SER C FRMLA	531229854
SU	SUNCOR ENERGY INC NEW	22,338	$783K	0.2%	$19.16	+64.8%	COM	867224107
CVS	CVS HEALTH CORP	8,301	$769K	0.2%	$52.38	+64.0%	COM	126650100
VAL	VALARIS LIMITED	17,140	$724K	0.2%	$26.73	+101.3%	CL A	G9460G101
DIHP	DIMENSIONAL ETF TRUST	33,091	$707K	0.2%	$21.37	—	INTL HIGH PROFIT	25434V765
CTVA	CORTEVA INC	12,643	$684K	0.2%	$26.67	+109.2%	COM	22052L104
DD	DUPONT DE NEMOURS INC	12,179	$677K	0.2%	$27.24	-7.0%	COM	26614N102
LBRDK	LIBERTY BROADBAND CORP	5,853	$677K	0.2%	$48.64	+134.6%	COM SER C	530307305
DOW	DOW INC	12,289	$634K	0.2%	$36.37	+42.4%	COM	260557103
—	SOUTHWESTERN ENERGY CO	99,152	$620K	0.2%	$2.09	—	COM	845467109
GNK	GENCO SHIPPING & TRADING LTD	30,871	$596K	0.2%	$11.11	+102.9%	SHS	Y2685T131
—	LIBERTY GLOBAL PLC	26,865	$593K	0.2%	$33.90	—	SHS CL C	G5480U120
USB	US BANCORP DEL	12,808	$589K	0.2%	$25.39	+65.1%	COM NEW	902973304
EBAY	EBAY INC.	13,458	$561K	0.1%	$43.10	+5.4%	COM	278642103
PSLV	SPROTT PHYSICAL SILVER TR	77,034	$532K	0.1%	$6.42	—	TR UNIT	85207K107
VGSH	VANGUARD SCOTTSDALE FDS	8,976	$528K	0.1%	$61.57	—	SHORT TERM TREAS	92206C102
WY	WEYERHAEUSER CO MTN BE	15,911	$527K	0.1%	$18.86	+77.9%	COM NEW	962166104
NTR	NUTRIEN LTD	6,594	$525K	0.1%	$38.88	+122.3%	COM	67077M108
NVS	NOVARTIS AG	6,145	$519K	0.1%	$72.71	—	SPONSORED ADR	66987V109
DVN	DEVON ENERGY CORP NEW	9,150	$504K	0.1%	$23.12	+136.2%	COM	25179M103
WABC	WESTAMERICA BANCORPORATION	8,957	$499K	0.1%	$29.77	+71.8%	COM	957090103
WFC	WELLS FARGO CO NEW	12,569	$492K	0.1%	$30.19	+32.3%	COM	949746101
SO	SOUTHERN CO	6,890	$491K	0.1%	$27.42	+134.5%	COM	842587107
IEO	ISHARES TR	6,241	$486K	0.1%	$82.02	—	US OIL GS EX ETF	464288851
BXMT	BLACKSTONE MTG TR INC	16,587	$459K	0.1%	$28.37	—	COM CL A	09257W100
COST	COSTCO WHSL CORP NEW	952	$456K	0.1%	$183.99	+163.5%	COM	22160K105
CABO	CABLE ONE INC	350	$451K	0.1%	$366.69	+224.9%	COM	12685J105
GD	GENERAL DYNAMICS CORP	2,015	$446K	0.1%	$56.44	+278.2%	COM	369550108
WMB	WILLIAMS COS INC	14,156	$442K	0.1%	$14.83	+96.9%	COM	969457100
OFG	OFG BANCORP	17,200	$437K	0.1%	$16.32	+64.4%	COM	67103X102
IMO	IMPERIAL OIL LTD	9,180	$432K	0.1%	$19.43	+139.7%	COM NEW	453038408
—	GRINDROD SHIPPING HOLDINGS L	24,918	$427K	0.1%	$4.51	—	SHS	Y28895103
EQT	EQT CORP	11,926	$410K	0.1%	$13.53	+188.4%	COM	26884L109
AGO	ASSURED GUARANTY LTD	7,202	$402K	0.1%	$45.88	+19.3%	COM	G0585R106
PTEN	PATTERSON-UTI ENERGY INC	25,010	$394K	0.1%	$21.55	-22.1%	COM	703481101
AMAT	APPLIED MATLS INC	4,276	$389K	0.1%	$12.31	+762.0%	COM	038222105
LMT	LOCKHEED MARTIN CORP	887	$381K	0.1%	$307.82	+29.3%	COM	539830109
IP	INTERNATIONAL PAPER CO	8,850	$370K	0.1%	$22.81	+72.3%	COM	460146103
BX	BLACKSTONE INC	4,003	$365K	0.1%	$39.22	+145.0%	COM	09260D107
CATY	CATHAY GEN BANCORP	9,185	$360K	0.1%	$14.04	+157.8%	COM	149150104
—	ABRDN EMRG MKTS EQTY INCM FD	63,892	$353K	0.1%	$6.97	—	COM	00301W105
MET	METLIFE INC	5,562	$349K	0.1%	$28.97	+104.6%	COM	59156R108
SRE	SEMPRA	2,296	$345K	0.1%	$28.74	+148.2%	COM	816851109
ENB	ENBRIDGE INC	8,133	$344K	0.1%	$20.80	+69.4%	COM	29250N105
FNF	FIDELITY NATIONAL FINANCIAL	9,313	$344K	0.1%	$24.90	+30.2%	FNF GROUP COM	31620R303
GBDC	GOLUB CAP BDC INC	26,566	$344K	0.1%	$7.57	+27.1%	COM	38173M102
GLW	CORNING INC	10,813	$341K	0.1%	$10.68	+190.8%	COM	219350105
ZTS	ZOETIS INC	1,972	$339K	0.1%	$79.49	+109.8%	CL A	98978V103
CMCSA	COMCAST CORP NEW	8,511	$334K	0.1%	$27.44	+39.8%	CL A	20030N101
SLRC	SLR INVESTMENT CORP	21,434	$314K	0.1%	$10.44	+4.8%	COM	83413U100
ETR	ENTERGY CORP NEW	2,772	$312K	0.1%	$23.86	+115.8%	COM	29364G103
OEC	ORION ENGINEERED CARBONS S A	19,580	$304K	0.1%	$21.20	-21.0%	COM	L72967109
VGK	VANGUARD INTL EQUITY INDEX F	5,417	$286K	0.1%	$53.72	—	FTSE EUROPE ETF	922042874
VZ	VERIZON COMMUNICATIONS INC	5,464	$277K	0.1%	$30.64	+30.9%	COM	92343V104
OSG	AMBAC FINL GROUP INC	23,030	$261K	0.1%	$18.22	-47.9%	COM NEW	023139884
CSCO	CISCO SYS INC	6,035	$257K	0.1%	$16.34	+162.0%	COM	17275R102
T	AT&T INC	12,171	$255K	0.1%	$13.28	+22.8%	COM	00206R102
—	DIAMOND OFFSHORE DRILLING IN	43,327	$255K	0.1%	$5.89	—	COM	25271C201
QCOM	QUALCOMM INC	2,000	$255K	0.1%	$95.56	+30.7%	COM	747525103
BHF	BRIGHTHOUSE FINL INC	6,168	$253K	0.1%	$34.77	+38.8%	COM	10922N103
VEA	VANGUARD TAX-MANAGED INTL FD	6,152	$251K	0.1%	$40.86	—	VAN FTSE DEV MKT	921943858
VFC	V F CORP	5,650	$250K	0.1%	$49.70	+0.9%	COM	918204108
OXY/WS	OCCIDENTAL PETE CORP	6,590	$244K	0.1%	$35.19	—	*W EXP 08/03/202	674599162
MRK	MERCK & CO INC	2,666	$243K	0.1%	$32.58	+143.1%	COM	58933Y105
VT	VANGUARD INTL EQUITY INDEX F	2,821	$241K	0.1%	$77.17	—	TT WRLD ST ETF	922042742
AVES	AMERICAN CENTY ETF TR	5,701	$241K	0.1%	$42.27	—	EMERGING MKT VAL	025072372
DJCO	DAILY JOURNAL CORP	889	$230K	0.1%	$220.08	+22.3%	COM	233912104
LBRDA	LIBERTY BROADBAND CORP	2,007	$228K	0.1%	$79.63	+38.3%	COM SER A	530307107
PNC	PNC FINL SVCS GROUP INC	1,446	$228K	0.1%	$106.49	+36.6%	COM	693475105
INSW	INTERNATIONAL SEAWAYS INC	10,508	$223K	0.1%	$11.47	+31.2%	COM	Y41053102
OVLY	OAK VY BANCORP OAKDALE CALIF	12,515	$215K	0.1%	$8.75	+100.0%	COM	671807105
RRC	RANGE RES CORP	8,365	$207K	0.1%	$22.82	+34.2%	COM	75281A109
CEF	SPROTT PHYSICAL GOLD & SILVE	12,291	$207K	0.1%	$17.21	—	TR UNIT	85208R101
—	CENTRAL SECS CORP	5,785	$204K	0.1%	$28.88	—	COM	155123102
BMY	BRISTOL-MYERS SQUIBB CO	2,600	$200K	0.1%	$64.97	0.0%	COM	110122108
TFSL	TFS FINL CORP	12,997	$178K	0.0%	$12.97	-17.1%	COM	87240R107
MAC	MACERICH CO	18,208	$159K	0.0%	$24.05	—	COM	554382101
UBFO	UNITED SEC BANCSHARES CALIF	19,862	$151K	0.0%	$2.58	+140.0%	COM	911460103
TRMD	TORM PLC	10,854	$147K	0.0%	$6.48	0.0%	SHS CL A	G89479102
MTR	MESA RTY TR	11,731	$128K	0.0%	$4.23	—	UNIT BEN INT	590660106
—	SPROTT FOCUS TR INC	16,837	$127K	0.0%	$7.84	—	COM	85208J109
GEOS	GEOSPACE TECHNOLOGIES CORP	24,370	$116K	0.0%	$12.82	-55.4%	COM	37364X109
FTI	TECHNIPFMC PLC	15,103	$102K	0.0%	$7.67	-2.4%	COM	G87110105
CARS	CARS COM INC	10,673	$101K	0.0%	$26.86	-59.8%	COM	14575E105
—	TEEKAY CORPORATION	27,580	$79,000	0.0%	$4.02	—	COM	Y8564W103
TTI	TETRA TECHNOLOGIES INC DEL	16,000	$65,000	0.0%	$0.78	+465.7%	COM	88162F105
ARQ	ADVANCED EMISSIONS SOLUTIONS	13,150	$62,000	0.0%	$5.70	-4.5%	COM	00770C101
HNRG	HALLADOR ENERGY COMPANY	10,500	$57,000	0.0%	$4.97	-2.8%	COM	40609P105
—	YAMANA GOLD INC	10,600	$49,000	0.0%	$3.96	—	COM	98462Y100
—	PHX MINERALS INC	15,764	$48,000	0.0%	$3.05	—	CL A	69291A100
LDI	LOANDEPOT INC	14,400	$21,000	0.0%	$4.34	-37.9%	COM CL A	53946R106
—	GRAN TIERRA ENERGY INC	11,043	$13,000	0.0%	$1.18	—	COM	38500T101
TPHS	TRINITY PL HLDGS INC	11,161	$11,000	0.0%	$3.64	-64.0%	COM	89656D101
—	GREENLANE HLDGS INC	21,200	$4,000	0.0%	$0.19	—	CL A	395330103