Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	188,756	$58.28M	14.3%	$115.89	+165.9%	CL B NEW	084670702
WTM	WHITE MTNS INS GROUP LTD	22,362	$30.8M	7.6%	$595.64	+140.8%	COM	G9618E107
WRB	BERKLEY W R CORP	397,284	$24.73M	6.1%	$23.22	+79.2%	COM	084423102
MKL	MARKEL CORP	17,421	$22.25M	5.5%	$661.01	+101.0%	COM	570535104
—	ENSTAR GROUP LIMITED	91,300	$21.16M	5.2%	$169.68	—	SHS	G3075P101
FRFHF	FAIRFAX FINL HLDGS LTD SUB VTG	31,733	$21.1M	5.2%	$508.46	+24.0%	Stock	303901102
JEF	JEFFERIES FINL GROUP INC	557,411	$17.69M	4.4%	$16.36	+101.7%	COM	47233W109
L	LOEWS CORP	273,905	$15.89M	3.9%	$42.39	+38.5%	COM	540424108
AVUV	AMERICAN CENTY ETF TR	138,631	$10.27M	2.5%	$72.12	—	US SML CP VALU	025072877
AVDV	AMERICAN CENTY ETF TR	105,429	$6.166M	1.5%	$59.91	—	INTL SMCP VLU	025072802
MSFT	MICROSOFT CORP	20,665	$5.958M	1.5%	$26.70	+834.2%	COM	594918104
VTIP	VANGUARD MALVERN FDS	120,236	$5.75M	1.4%	$51.25	—	STRM INFPROIDX	922020805
CACC	CREDIT ACCEP CORP MICH	11,330	$4.94M	1.2%	$458.12	-4.0%	COM	225310101
OXY	OCCIDENTAL PETE CORP	76,307	$4.764M	1.2%	$25.60	+131.1%	COM	674599105
CNQ	CANADIAN NAT RES LTD	81,326	$4.501M	1.1%	$11.49	+119.1%	COM	136385101
UHAL/B	U HAUL HOLDING COMPANY	69,923	$3.626M	0.9%	$56.73	0.0%	COM SER N	023586506
—	ROYCE MICRO-CAP TR INC	404,814	$3.55M	0.9%	$9.31	—	COM	780915104
BRK/A	BERKSHIRE HATHAWAY INC DEL	7	$3.259M	0.8%	$283601.72	+64.6%	CL A	084670108
CTRA	COTERRA ENERGY INC	120,580	$2.959M	0.7%	$17.16	+28.6%	COM	127097103
JNJ	JOHNSON & JOHNSON	18,365	$2.847M	0.7%	$60.59	+144.1%	COM	478160104
LEN/B	LENNAR CORP	30,365	$2.712M	0.7%	$36.86	+105.5%	CL B	526057302
SLB	SCHLUMBERGER LTD	54,116	$2.657M	0.7%	$27.49	+79.7%	COM STK	806857108
CLF	CLEVELAND-CLIFFS INC NEW	138,791	$2.544M	0.6%	$17.27	+14.7%	COM	185899101
AR	ANTERO RESOURCES CORP	109,829	$2.536M	0.6%	$15.94	+65.3%	COM	03674X106
RES	RPC INC	328,044	$2.523M	0.6%	$11.20	-26.8%	COM	749660106
NVR	NVR INC	444	$2.474M	0.6%	$3543.19	+45.7%	COM	62944T105
WBD	WARNER BROS DISCOVERY INC	163,173	$2.464M	0.6%	$15.57	-8.6%	COM SER A	934423104
SCHW	SCHWAB CHARLES CORP	46,921	$2.458M	0.6%	$49.84	+40.9%	COM	808513105
VTV	VANGUARD INDEX FDS	17,769	$2.454M	0.6%	$135.98	—	VALUE ETF	922908744
ABEV	AMBEV SA	859,316	$2.423M	0.6%	$2.89	—	SPONSORED ADR	02319V103
AAPL	APPLE INC	14,473	$2.387M	0.6%	$73.01	+99.3%	COM	037833100
SJT	SAN JUAN BASIN RTY TR	219,271	$2.302M	0.6%	$9.84	—	UNIT BEN INT	798241105
GHC	GRAHAM HLDGS CO	3,846	$2.292M	0.6%	$411.57	+46.9%	COM CL B	384637104
DFIV	DIMENSIONAL ETF TRUST	66,961	$2.158M	0.5%	$30.17	—	INTERNATNAL VAL	25434V807
VTS	VITESSE ENERGY INC	111,671	$2.125M	0.5%	$17.24	0.0%	COMMON STOCK	92852X103
BSM	BLACK STONE MINERALS L P	134,647	$2.113M	0.5%	$11.73	—	COM UNIT	09225M101
DFAI	DIMENSIONAL ETF TRUST	77,837	$2.098M	0.5%	$28.00	—	INTL CORE EQT MK	25434V203
FCX	FREEPORT-MCMORAN INC	51,174	$2.094M	0.5%	$13.63	+193.3%	CL B	35671D857
SBR	SABINE RTY TR	28,862	$2.078M	0.5%	$36.56	—	UNIT BEN INT	785688102
—	GENERAL AMERN INVS CO INC	50,134	$1.951M	0.5%	$31.93	—	COM	368802104
TPL	TEXAS PACIFIC LAND CORPORATI	1,065	$1.812M	0.4%	$117.17	+71.9%	COM	88262P102
CMBT	EURONAV NV	105,881	$1.778M	0.4%	$4.97	+99.8%	SHS	B38564108
CVX	CHEVRON CORP NEW	10,663	$1.74M	0.4%	$74.68	+98.8%	COM	166764100
BK	BANK NEW YORK MELLON CORP	38,277	$1.739M	0.4%	$24.83	+80.2%	COM	064058100
TDW	TIDEWATER INC NEW	39,421	$1.738M	0.4%	$25.88	+66.1%	COM	88642R109
CRT	CROSS TIMBERS RTY TR	92,360	$1.715M	0.4%	$17.96	—	TR UNIT	22757R109
COP	CONOCOPHILLIPS	17,245	$1.711M	0.4%	$34.28	+190.3%	COM	20825C104
VYM	VANGUARD WHITEHALL FDS	16,116	$1.7M	0.4%	$102.22	—	HIGH DIV YLD	921946406
DISV	DIMENSIONAL ETF TRUST	70,030	$1.667M	0.4%	$22.25	—	INTL SMALL CAP V	25434V781
BR	BROADRIDGE FINL SOLUTIONS IN	11,362	$1.665M	0.4%	$21.85	+523.8%	COM	11133T103
DMLP	DORCHESTER MINERALS LP	53,343	$1.616M	0.4%	$15.51	—	COM UNIT	25820R105
VIGI	VANGUARD WHITEHALL FDS	21,137	$1.557M	0.4%	$78.11	—	INTL DVD ETF	921946810
CRGY	CRESCENT ENERGY COMPANY	136,540	$1.544M	0.4%	$12.22	-17.3%	CL A COM	44952J104
—	CORE LABORATORIES N V	67,474	$1.488M	0.4%	$22.09	—	COM	N22717107
AMGN	AMGEN INC	5,707	$1.38M	0.3%	$103.03	+117.4%	COM	031162100
GNK	GENCO SHIPPING & TRADING LTD	87,776	$1.375M	0.3%	$13.61	+25.8%	SHS	Y2685T131
CTO	CTO RLTY GROWTH INC NEW	79,597	$1.374M	0.3%	$29.72	—	COM	22948Q101
DIHP	DIMENSIONAL ETF TRUST	56,314	$1.362M	0.3%	$21.01	—	INTL HIGH PROFIT	25434V765
AMR	ALPHA METALLURGICAL RESOUR I	8,683	$1.355M	0.3%	$17.83	+789.2%	COM	020764106
DFAC	DIMENSIONAL ETF TRUST	53,008	$1.351M	0.3%	$27.19	—	US CORE EQUITY 2	25434V708
FCNCA	FIRST CTZNS BANCSHARES INC N	1,367	$1.33M	0.3%	$779.06	-5.7%	CL A	31946M103
EMR	EMERSON ELEC CO	14,895	$1.298M	0.3%	$38.98	+111.9%	COM	291011104
AVEM	AMERICAN CENTY ETF TR	24,402	$1.291M	0.3%	$59.98	—	AVANTIS EMGMKT	025072604
IVOL	KRANESHARES TR	55,935	$1.271M	0.3%	$27.89	—	QUADRTC INT RT	500767736
OIH	VANECK ETF TRUST	4,527	$1.255M	0.3%	$231.26	—	OIL SERVICES ETF	92189H607
JOE	ST JOE CO	28,618	$1.191M	0.3%	$17.07	+150.9%	COM	790148100
NTR	NUTRIEN LTD	15,851	$1.171M	0.3%	$58.09	+20.4%	COM	67077M108
VAL	VALARIS LIMITED	17,140	$1.115M	0.3%	$26.73	+160.8%	CL A	G9460G101
AXP	AMERICAN EXPRESS CO	6,642	$1.096M	0.3%	$57.26	+179.4%	COM	025816109
APD	AIR PRODS & CHEMS INC	3,784	$1.087M	0.3%	$64.78	+317.1%	COM	009158106
VONV	VANGUARD SCOTTSDALE FDS	15,101	$1.009M	0.2%	$94.94	—	VNG RUS1000VAL	92206C714
ABT	ABBOTT LABS	9,754	$988K	0.2%	$29.95	+233.9%	COM	002824100
BN	BROOKFIELD CORP	30,139	$982K	0.2%	$21.90	+0.7%	CL A LTD VT SH	11271J107
—	ROYCE VALUE TR INC	68,952	$936K	0.2%	$15.28	—	COM	780910105
—	DIAMOND OFFSHORE DRILLING IN	77,252	$930K	0.2%	$7.22	—	COM	25271C201
CSWC	CAPITAL SOUTHWEST CORP	51,069	$908K	0.2%	$12.54	+3.4%	COM	140501107
VIG	VANGUARD SPECIALIZED FUNDS	5,894	$908K	0.2%	$98.86	—	DIV APP ETF	921908844
CRC	CALIFORNIA RES CORP	23,349	$899K	0.2%	$19.84	+91.8%	COM STOCK	13057Q305
—	LIBERTY MEDIA CORP DEL	11,801	$883K	0.2%	$37.15	—	COM SER C FRMLA	531229854
DD	DUPONT DE NEMOURS INC	12,180	$874K	0.2%	$27.24	+5.2%	COM	26614N102
CNA	CNA FINL CORP	22,034	$860K	0.2%	$15.22	+122.8%	COM	126117100
IAU	ISHARES GOLD TR	22,700	$848K	0.2%	$33.71	—	ISHARES NEW	464285204
LUMN	LUMEN TECHNOLOGIES INC	319,286	$846K	0.2%	$8.62	-53.2%	COM	550241103
CUBI	CUSTOMERS BANCORP INC	45,181	$837K	0.2%	$21.82	+25.0%	COM	23204G100
AVES	AMERICAN CENTY ETF TR	18,211	$777K	0.2%	$41.81	—	EMERGING MKT VAL	025072372
NMM	NAVIOS MARITIME PARTNERS L P	31,692	$764K	0.2%	$25.73	—	COM UNIT LPI	Y62267409
CTVA	CORTEVA INC	12,646	$763K	0.2%	$26.67	+121.6%	COM	22052L104
DVN	DEVON ENERGY CORP NEW	14,895	$754K	0.2%	$35.24	+43.5%	COM	25179M103
HP	HELMERICH & PAYNE INC	20,938	$749K	0.2%	$60.67	-28.9%	COM	423452101
—	SOURCE CAP INC	19,144	$723K	0.2%	$55.20	—	COM	836144105
PSLV	SPROTT PHYSICAL SILVER TR	84,725	$707K	0.2%	$6.44	—	TR UNIT	85207K107
CVS	CVS HEALTH CORP	9,323	$693K	0.2%	$55.29	+36.0%	COM	126650100
IEO	ISHARES TR	7,891	$677K	0.2%	$82.87	—	US OIL GS EX ETF	464288851
DOW	DOW INC	12,298	$674K	0.2%	$36.37	+30.1%	COM	260557103
SU	SUNCOR ENERGY INC NEW	21,174	$657K	0.2%	$19.16	+52.2%	COM	867224107
AGO	ASSURED GUARANTY LTD	12,880	$647K	0.2%	$48.71	+14.5%	COM	G0585R106
EBAY	EBAY INC.	14,098	$626K	0.2%	$42.97	+0.8%	COM	278642103
NVS	NOVARTIS AG	6,391	$588K	0.1%	$72.84	—	SPONSORED ADR	66987V109
WFG	WEST FRASER TIMBER CO LTD	7,691	$549K	0.1%	$76.44	+0.5%	COM	952845105
BUR	BURFORD CAP LTD	48,389	$535K	0.1%	$8.10	0.0%	ORD SHS	G17977110
—	LIBERTY GLOBAL PLC	26,246	$535K	0.1%	$33.90	—	SHS CL C	G5480U120
COST	COSTCO WHSL CORP NEW	1,013	$503K	0.1%	$204.07	+130.9%	COM	22160K105
OEC	ORION ENGINEERED CARBONS S A	19,180	$500K	0.1%	$21.07	+7.3%	COM	L72967109
—	SOUTHWESTERN ENERGY CO	97,152	$486K	0.1%	$2.09	—	COM	845467109
SO	SOUTHERN CO	6,890	$479K	0.1%	$27.42	+121.3%	COM	842587107
IMO	IMPERIAL OIL LTD	9,180	$466K	0.1%	$19.43	+137.9%	COM NEW	453038408
LBRDK	LIBERTY BROADBAND CORP	5,696	$465K	0.1%	$48.64	+66.2%	COM SER C	530307305
AMAT	APPLIED MATLS INC	3,776	$464K	0.1%	$12.31	+809.4%	COM	038222105
USB	US BANCORP DEL	12,808	$462K	0.1%	$25.39	+52.2%	COM NEW	902973304
WFC	WELLS FARGO CO NEW	12,309	$460K	0.1%	$30.19	+34.1%	COM	949746101
GD	GENERAL DYNAMICS CORP	2,015	$460K	0.1%	$56.44	+285.8%	COM	369550108
WY	WEYERHAEUSER CO MTN BE	15,196	$458K	0.1%	$18.86	+51.6%	COM NEW	962166104
MAC	MACERICH CO	42,655	$452K	0.1%	$15.24	—	COM	554382101
LMT	LOCKHEED MARTIN CORP	934	$442K	0.1%	$311.49	+39.1%	COM	539830109
INSW	INTERNATIONAL SEAWAYS INC	10,508	$438K	0.1%	$11.47	+164.8%	COM	Y41053102
WMB	WILLIAMS COS INC	14,156	$423K	0.1%	$14.83	+83.0%	COM	969457100
OSG	AMBAC FINL GROUP INC	27,030	$418K	0.1%	$17.01	-4.9%	COM NEW	023139884
OFG	OFG BANCORP	16,400	$409K	0.1%	$16.32	+71.4%	COM	67103X102
UHAL	U HAUL HOLDING COMPANY	6,771	$404K	0.1%	$35.98	+74.9%	COM	023586100
EQT	EQT CORP	11,945	$381K	0.1%	$13.53	+126.8%	COM	26884L109
WABC	WESTAMERICA BANCORPORATION	7,896	$350K	0.1%	$29.77	+61.1%	COM	957090103
SRE	SEMPRA	2,296	$347K	0.1%	$28.74	+142.7%	COM	816851109
TRMD	TORM PLC	10,854	$338K	0.1%	$6.48	+183.5%	SHS CL A	G89479102
ZTS	ZOETIS INC	1,998	$333K	0.1%	$80.56	+97.4%	CL A	98978V103
FNF	FIDELITY NATIONAL FINANCIAL	9,485	$331K	0.1%	$25.01	+35.2%	FNF GROUP COM	31620R303
BX	BLACKSTONE INC	3,733	$328K	0.1%	$39.22	+106.9%	COM	09260D107
QCOM	QUALCOMM INC	2,555	$326K	0.1%	$98.76	+17.9%	COM	747525103
CMCSA	COMCAST CORP NEW	8,511	$323K	0.1%	$27.44	+26.2%	CL A	20030N101
IP	INTERNATIONAL PAPER CO	8,850	$319K	0.1%	$22.81	+42.5%	COM	460146103
QURE	UNIQURE NV	15,520	$313K	0.1%	$20.98	0.0%	SHS	N90064101
CSCO	CISCO SYS INC	5,920	$309K	0.1%	$21.17	+111.8%	COM	17275R102
ENB	ENBRIDGE INC	8,076	$308K	0.1%	$20.80	+55.9%	COM	29250N105
—	BLUEPRINT MEDICINES CORP	6,571	$296K	0.1%	$44.99	—	COM	09627Y109
CATY	CATHAY GEN BANCORP	8,414	$290K	0.1%	$15.14	+146.4%	COM	149150104
PTEN	PATTERSON-UTI ENERGY INC	24,418	$286K	0.1%	$21.18	-31.1%	COM	703481101
MET	METLIFE INC	4,912	$285K	0.1%	$28.97	+113.2%	COM	59156R108
BXMT	BLACKSTONE MTG TR INC	15,920	$284K	0.1%	$28.37	—	COM CL A	09257W100
MRK	MERCK & CO INC	2,666	$284K	0.1%	$32.58	+202.9%	COM	58933Y105
PDS	PRECISION DRILLING CORP	5,413	$278K	0.1%	$60.50	+7.0%	COM NEW	74022D407
VGSH	VANGUARD SCOTTSDALE FDS	4,712	$276K	0.1%	$61.57	—	SHORT TERM TREAS	92206C102
VEA	VANGUARD TAX-MANAGED FDS	6,097	$275K	0.1%	$40.86	—	VAN FTSE DEV MKT	921943858
BHF	BRIGHTHOUSE FINL INC	6,168	$272K	0.1%	$34.77	+51.1%	COM	10922N103
OXY/WS	OCCIDENTAL PETE CORP	6,561	$269K	0.1%	$35.19	—	*W EXP 08/03/202	674599162
VYMI	VANGUARD WHITEHALL FDS	4,188	$259K	0.1%	$59.57	—	INTL HIGH ETF	921946794
DJCO	DAILY JOURNAL CORP	889	$253K	0.1%	$220.08	+31.7%	COM	233912104
CABO	CABLE ONE INC	360	$253K	0.1%	$388.66	+77.0%	COM	12685J105
XOM	EXXON MOBIL CORP	2,228	$244K	0.1%	$96.28	+4.1%	COM	30231G102
OVLY	OAK VY BANCORP OAKDALE CALIF	10,252	$243K	0.1%	$8.75	+189.9%	COM	671807105
IDT	IDT CORP	7,103	$242K	0.1%	$26.81	+14.8%	CL B NEW	448947507
BAM	BROOKFIELD ASSET MANAGMT LTD	7,395	$242K	0.1%	$29.36	0.0%	CL A LMT VTG SHS	113004105
FTI	TECHNIPFMC PLC	17,403	$238K	0.1%	$7.68	+73.2%	COM	G87110105
—	LIBERTY MEDIA CORP DEL	6,963	$235K	0.1%	$27.53	—	COM C BRAVES GRP	531229888
VGK	VANGUARD INTL EQUITY INDEX F	3,817	$233K	0.1%	$53.72	—	FTSE EUROPE ETF	922042874
CEF	SPROTT PHYSICAL GOLD & SILVE	12,291	$232K	0.1%	$17.21	—	TR UNIT	85208R101
CCJ	CAMECO CORP	8,595	$225K	0.1%	$26.27	0.0%	COM	13321L108
CSW	CSW INDUSTRIALS INC	1,600	$222K	0.1%	$133.41	0.0%	COM	126402106
RRC	RANGE RES CORP	8,330	$220K	0.1%	$22.82	+10.3%	COM	75281A109
DFEV	DIMENSIONAL ETF TRUST	9,340	$218K	0.1%	$22.61	—	EMERGING MKTS VA	25434V740
AVGO	BROADCOM INC	330	$212K	0.1%	$57.59	0.0%	COM	11135F101
SYLD	CAMBRIA ETF TR	3,548	$208K	0.1%	$59.31	—	SHSHLD YIELD ETF	132061201
VZ	VERIZON COMMUNICATIONS INC	5,202	$202K	0.0%	$30.64	+6.7%	COM	92343V104
MTR	MESA RTY TR	11,731	$188K	0.0%	$4.23	—	UNIT BEN INT	590660106
GEOS	GEOSPACE TECHNOLOGIES CORP	24,081	$170K	0.0%	$10.62	-47.8%	COM	37364X109
—	GRINDROD SHIPPING HOLDINGS L	15,745	$166K	0.0%	$6.28	—	SHS	Y28895103
TFSL	TFS FINL CORP	12,280	$155K	0.0%	$12.97	-16.4%	COM	87240R107
—	SPROTT FOCUS TR INC	16,837	$136K	0.0%	$7.84	—	COM	85208J109
UBFO	UNITED SEC BANCSHARES CALIF	19,862	$127K	0.0%	$2.58	+140.9%	COM	911460103
HNRG	HALLADOR ENERGY COMPANY	10,500	$96,495	0.0%	$4.97	+70.0%	COM	40609P105
—	RAMACO RES INC	10,900	$96,029	0.0%	$8.79	—	COM	75134P303
—	YAMANA GOLD INC	12,185	$71,282	0.0%	$4.21	—	COM	98462Y100
TTI	TETRA TECHNOLOGIES INC DEL	22,000	$58,300	0.0%	$1.63	+113.9%	COM	88162F105
—	PHX MINERALS INC	14,573	$38,181	0.0%	$3.05	—	CL A	69291A100
—	BRF SA	22,725	$29,088	0.0%	$1.28	—	SPONSORED ADR	10552T107
ARQ	ADVANCED EMISSIONS SOLUTIONS	13,150	$26,037	0.0%	$5.70	-52.4%	COM	00770C101
POWW	AMMO INC	10,000	$19,700	0.0%	$2.07	0.0%	COM	00175J107
—	NAUTILUS INC	11,517	$15,433	0.0%	$1.34	—	COM	63910B102
TPHS	TRINITY PL HLDGS INC	11,847	$5,687	0.0%	$2.59	-70.0%	COM	89656D101