Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	180,900	$64.52M	13.5%	$115.89	+202.9%	CL B NEW	084670702
WTM	WHITE MTNS INS GROUP LTD	21,983	$33.08M	6.9%	$595.64	+149.5%	COM	G9618E107
WRB	BERKLEY W R CORP	435,274	$30.78M	6.4%	$24.56	+75.2%	COM	084423102
—	ENSTAR GROUP LIMITED	101,780	$29.96M	6.3%	$176.73	—	SHS	G3075P101
FRFHF	FAIRFAX FINL HLDGS LTD SUB VTG	31,734	$29.28M	6.1%	$508.46	+67.2%	Stock	303901102
MKL	MARKEL GROUP INC	18,057	$25.64M	5.4%	$685.51	+107.0%	COM	570535104
JEF	JEFFERIES FINL GROUP INC	567,941	$22.95M	4.8%	$16.68	+99.1%	COM	47233W109
L	LOEWS CORP	263,412	$18.33M	3.8%	$42.39	+55.8%	COM	540424108
AVUV	AMERICAN CENTY ETF TR	145,563	$13.07M	2.7%	$72.38	—	US SML CP VALU	025072877
MSFT	MICROSOFT CORP	19,683	$7.402M	1.6%	$26.70	+1212.0%	COM	594918104
CACC	CREDIT ACCEP CORP MICH	13,752	$7.326M	1.5%	$462.97	-2.9%	COM	225310101
AVDV	AMERICAN CENTY ETF TR	106,858	$6.678M	1.4%	$59.85	—	INTL SMCP VLU	025072802
UHAL/B	U HAUL HOLDING COMPANY	88,497	$6.234M	1.3%	$56.04	-2.9%	COM SER N	023586506
CNQ	CANADIAN NAT RES LTD	83,307	$5.458M	1.1%	$11.88	+151.1%	COM	136385101
BN	BROOKFIELD CORP	132,330	$5.309M	1.1%	$22.05	+1.5%	CL A LTD VT SH	11271J107
OXY	OCCIDENTAL PETE CORP	85,154	$5.085M	1.1%	$29.05	+101.8%	COM	674599105
LEN/B	LENNAR CORP	31,059	$4.164M	0.9%	$39.13	+167.2%	CL B	526057302
DFIV	DIMENSIONAL ETF TRUST	117,094	$4.023M	0.8%	$31.40	—	INTERNATNAL VAL	25434V807
—	ROYCE MICRO-CAP TR INC	429,670	$3.97M	0.8%	$9.27	—	COM	780915104
BRK/A	BERKSHIRE HATHAWAY INC DEL	7	$3.798M	0.8%	$283601.72	+88.2%	CL A	084670108
NVR	NVR INC	462	$3.234M	0.7%	$3646.46	+69.2%	COM	62944T105
SLB	SCHLUMBERGER LTD	60,523	$3.15M	0.7%	$29.92	+71.1%	COM STK	806857108
AMR	ALPHA METALLURGICAL RESOUR I	9,073	$3.075M	0.6%	$25.43	+934.3%	COM	020764106
CTRA	COTERRA ENERGY INC	118,737	$3.03M	0.6%	$17.16	+45.4%	COM	127097103
CLF	CLEVELAND-CLIFFS INC NEW	142,842	$2.917M	0.6%	$17.21	-0.5%	COM	185899101
AR	ANTERO RESOURCES CORP	128,049	$2.904M	0.6%	$17.20	+47.3%	COM	03674X106
VTS	VITESSE ENERGY INC	132,445	$2.899M	0.6%	$18.15	+27.0%	COMMON STOCK	92852X103
VTIP	VANGUARD MALVERN FDS	61,016	$2.898M	0.6%	$51.25	—	STRM INFPROIDX	922020805
GHC	GRAHAM HLDGS CO	4,079	$2.841M	0.6%	$421.67	+44.8%	COM CL B	384637104
TDW	TIDEWATER INC NEW	38,956	$2.809M	0.6%	$25.88	+150.2%	COM	88642R109
JNJ	JOHNSON & JOHNSON	17,790	$2.788M	0.6%	$60.59	+137.0%	COM	478160104
SCHW	SCHWAB CHARLES CORP	39,856	$2.742M	0.6%	$49.84	+12.6%	COM	808513105
CUBI	CUSTOMERS BANCORP INC	44,412	$2.559M	0.5%	$21.82	+99.0%	COM	23204G100
FCX	FREEPORT-MCMORAN INC	58,791	$2.503M	0.5%	$16.70	+115.0%	CL B	35671D857
VTV	VANGUARD INDEX FDS	16,710	$2.498M	0.5%	$136.27	—	VALUE ETF	922908744
AAPL	APPLE INC	12,928	$2.489M	0.5%	$73.01	+150.4%	COM	037833100
ABEV	AMBEV SA	834,723	$2.337M	0.5%	$2.89	—	SPONSORED ADR	02319V103
BR	BROADRIDGE FINL SOLUTIONS IN	11,168	$2.298M	0.5%	$21.85	+715.4%	COM	11133T103
VYM	VANGUARD WHITEHALL FDS	19,269	$2.151M	0.5%	$102.79	—	HIGH DIV YLD	921946406
BSM	BLACK STONE MINERALS L P	133,143	$2.125M	0.4%	$11.73	—	COM UNIT	09225M101
WBD	WARNER BROS DISCOVERY INC	183,745	$2.091M	0.4%	$15.25	-29.2%	COM SER A	934423104
DFAI	DIMENSIONAL ETF TRUST	68,533	$1.963M	0.4%	$28.00	—	INTL CORE EQT MK	25434V203
SBR	SABINE RTY TR	28,312	$1.917M	0.4%	$36.56	—	UNIT BEN INT	785688102
CRGY	CRESCENT ENERGY COMPANY	144,474	$1.909M	0.4%	$12.16	-12.0%	CL A COM	44952J104
COP	CONOCOPHILLIPS	16,308	$1.893M	0.4%	$34.28	+220.1%	COM	20825C104
FCNCA	FIRST CTZNS BANCSHARES INC N	1,316	$1.867M	0.4%	$779.06	+78.7%	CL A	31946M103
RES	RPC INC	255,280	$1.858M	0.4%	$11.20	-34.5%	COM	749660106
DISV	DIMENSIONAL ETF TRUST	69,425	$1.79M	0.4%	$22.25	—	INTL SMALL CAP V	25434V781
AMGN	AMGEN INC	6,071	$1.748M	0.4%	$113.18	+125.4%	COM	031162100
JOE	ST JOE CO	28,124	$1.693M	0.4%	$17.07	+208.3%	COM	790148100
DMLP	DORCHESTER MINERALS LP	53,043	$1.688M	0.4%	$15.51	—	COM UNIT	25820R105
TPL	TEXAS PACIFIC LAND CORPORATI	1,065	$1.675M	0.4%	$117.17	+57.8%	COM	88262P102
AVEM	AMERICAN CENTY ETF TR	27,940	$1.576M	0.3%	$59.09	—	AVANTIS EMGMKT	025072604
GNK	GENCO SHIPPING & TRADING LTD	93,551	$1.552M	0.3%	$13.68	+6.3%	SHS	Y2685T131
OIH	VANECK ETF TRUST	4,946	$1.531M	0.3%	$239.65	—	OIL SERVICES ETF	92189H607
—	GENERAL AMERN INVS CO INC	34,643	$1.488M	0.3%	$31.93	—	COM	368802104
DIHP	DIMENSIONAL ETF TRUST	57,065	$1.464M	0.3%	$21.06	—	INTL HIGH PROFIT	25434V765
VIGI	VANGUARD WHITEHALL FDS	18,209	$1.445M	0.3%	$78.11	—	INTL DVD ETF	921946810
JAAA	JANUS DETROIT STR TR	27,895	$1.403M	0.3%	$50.30	—	HENDRSON AAA CL	47103U845
EMR	EMERSON ELEC CO	13,986	$1.361M	0.3%	$38.98	+126.0%	COM	291011104
CVX	CHEVRON CORP NEW	8,928	$1.332M	0.3%	$74.68	+84.5%	COM	166764100
BK	BANK NEW YORK MELLON CORP	24,402	$1.27M	0.3%	$24.83	+75.9%	COM	064058100
CRC	CALIFORNIA RES CORP	23,019	$1.259M	0.3%	$19.84	+148.3%	COM STOCK	13057Q305
CSWC	CAPITAL SOUTHWEST CORP	49,930	$1.183M	0.2%	$12.54	+37.0%	COM	140501107
VAL	VALARIS LTD	17,140	$1.175M	0.2%	$26.73	+156.4%	CL A	G9460G101
CTO	CTO RLTY GROWTH INC NEW	66,621	$1.155M	0.2%	$29.72	—	COM	22948Q101
CLB	CORE LABORATORIES INC	65,249	$1.152M	0.2%	$22.46	-10.8%	COM	21867A105
AXP	AMERICAN EXPRESS CO	6,139	$1.15M	0.2%	$57.26	+174.2%	COM	025816109
SJT	SAN JUAN BASIN RTY TR	218,124	$1.106M	0.2%	$9.84	—	UNIT BEN INT	798241105
BUR	BURFORD CAP LTD	69,331	$1.082M	0.2%	$9.65	+36.3%	ORD SHS	G17977110
ABT	ABBOTT LABS	9,687	$1.066M	0.2%	$29.95	+220.8%	COM	002824100
—	EQUITY COMWLTH	55,093	$1.058M	0.2%	$19.20	—	COM SH BEN INT	294628102
CMBT	EURONAV NV	60,014	$1.056M	0.2%	$4.97	+153.8%	SHS	B38564108
DFAC	DIMENSIONAL ETF TRUST	35,864	$1.048M	0.2%	$27.19	—	US CORE EQUITY 2	25434V708
APD	AIR PRODS & CHEMS INC	3,816	$1.045M	0.2%	$64.78	+300.2%	COM	009158106
NTR	NUTRIEN LTD	18,535	$1.044M	0.2%	$57.69	-9.0%	COM	67077M108
CRT	CROSS TIMBERS RTY TR	58,041	$1.016M	0.2%	$17.96	—	TR UNIT	22757R109
—	DIAMOND OFFSHORE DRILLING IN	76,879	$999K	0.2%	$7.22	—	COM	25271C201
DVN	DEVON ENERGY CORP NEW	22,052	$999K	0.2%	$38.14	+11.2%	COM	25179M103
IVOL	KRANESHARES TR	47,140	$975K	0.2%	$27.89	—	QUADRTC INT RT	500767736
—	ROYCE VALUE TR INC	64,838	$944K	0.2%	$15.28	—	COM	780910105
AGO	ASSURED GUARANTY LTD	12,558	$940K	0.2%	$48.71	+32.3%	COM	G0585R106
DD	DUPONT DE NEMOURS INC	12,182	$937K	0.2%	$27.24	+6.5%	COM	26614N102
CVS	CVS HEALTH CORP	11,603	$916K	0.2%	$57.19	+14.4%	COM	126650100
NMM	NAVIOS MARITIME PARTNERS L P	32,535	$910K	0.2%	$25.62	—	COM UNIT LPI	Y62267409
AVES	AMERICAN CENTY ETF TR	18,816	$865K	0.2%	$41.95	—	EMERGING MKT VAL	025072372
IAU	ISHARES GOLD TR	20,317	$793K	0.2%	$33.71	—	ISHARES NEW	464285204
SU	SUNCOR ENERGY INC NEW	24,219	$776K	0.2%	$20.57	+47.6%	COM	867224107
IEO	ISHARES TR	8,205	$765K	0.2%	$83.11	—	US OIL GS EX ETF	464288851
DFLV	DIMENSIONAL ETF TRUST	28,201	$763K	0.2%	$27.05	—	US LARGE CAP VAL	25434V666
HP	HELMERICH & PAYNE INC	20,689	$749K	0.2%	$60.67	-36.3%	COM	423452101
VONV	VANGUARD SCOTTSDALE FDS	10,113	$734K	0.2%	$94.94	—	VNG RUS1000VAL	92206C714
VTOL	BRISTOW GROUP INC	25,722	$727K	0.2%	$28.56	-5.4%	COM	11040G103
CNA	CNA FINL CORP	16,358	$692K	0.1%	$15.22	+126.6%	COM	126117100
PSLV	SPROTT PHYSICAL SILVER TR	84,725	$685K	0.1%	$6.44	—	TR UNIT	85207K107
DOW	DOW INC	12,108	$664K	0.1%	$36.37	+22.8%	COM	260557103
FWONK	LIBERTY MEDIA CORP DEL	10,497	$663K	0.1%	$62.30	—	COM LBTY ONE S C	531229755
COST	COSTCO WHSL CORP NEW	986	$651K	0.1%	$204.07	+181.0%	COM	22160K105
NVS	NOVARTIS AG	6,431	$649K	0.1%	$72.84	—	SPONSORED ADR	66987V109
—	SOUTHWESTERN ENERGY CO	96,152	$630K	0.1%	$2.09	—	COM	845467109
OFG	OFG BANCORP	16,400	$615K	0.1%	$16.32	+101.8%	COM	67103X102
CTVA	CORTEVA INC	12,450	$597K	0.1%	$26.67	+74.5%	COM	22052L104
CVE	CENOVUS ENERGY INC	35,193	$586K	0.1%	$16.91	+2.0%	COM	15135U109
MAC	MACERICH CO	37,753	$583K	0.1%	$15.24	—	COM	554382101
—	BLUEPRINT MEDICINES CORP	6,311	$582K	0.1%	$44.99	—	COM	09627Y109
AMAT	APPLIED MATLS INC	3,563	$577K	0.1%	$12.31	+1071.6%	COM	038222105
EBAY	EBAY INC.	12,920	$564K	0.1%	$42.97	-7.3%	COM	278642103
USB	US BANCORP DEL	12,808	$554K	0.1%	$25.39	+30.4%	COM NEW	902973304
HAL	HALLIBURTON CO	14,728	$532K	0.1%	$33.11	+10.0%	COM	406216101
OEC	ORION S.A.	19,180	$532K	0.1%	$21.07	+8.9%	COM	L72967109
IMO	IMPERIAL OIL LTD	9,180	$525K	0.1%	$19.43	+179.6%	COM NEW	453038408
LUMN	LUMEN TECHNOLOGIES INC	286,742	$525K	0.1%	$8.05	-82.4%	COM	550241103
GD	GENERAL DYNAMICS CORP	2,015	$523K	0.1%	$56.44	+315.0%	COM	369550108
—	SOURCE CAP INC	12,367	$499K	0.1%	$55.20	—	COM	836144105
WMB	WILLIAMS COS INC	14,156	$493K	0.1%	$14.83	+116.9%	COM	969457100
VIG	VANGUARD SPECIALIZED FUNDS	2,865	$488K	0.1%	$98.86	—	DIV APP ETF	921908844
SO	SOUTHERN CO	6,890	$483K	0.1%	$27.42	+132.5%	COM	842587107
INSW	INTERNATIONAL SEAWAYS INC	10,508	$478K	0.1%	$11.47	+224.0%	COM	Y41053102
WY	WEYERHAEUSER CO MTN BE	13,609	$473K	0.1%	$18.86	+54.4%	COM NEW	962166104
EQT	EQT CORP	11,864	$459K	0.1%	$13.53	+190.4%	COM	26884L109
WABC	WESTAMERICA BANCORPORATION	7,515	$424K	0.1%	$29.77	+52.8%	COM	957090103
LMT	LOCKHEED MARTIN CORP	934	$423K	0.1%	$311.49	+34.0%	COM	539830109
ZTS	ZOETIS INC	1,998	$394K	0.1%	$80.56	+114.6%	CL A	98978V103
UHAL	U HAUL HOLDING COMPANY	5,422	$389K	0.1%	$35.98	+57.6%	COM	023586100
CCJ	CAMECO CORP	9,022	$389K	0.1%	$26.76	+55.6%	COM	13321L108
LBRDK	LIBERTY BROADBAND CORP	4,788	$386K	0.1%	$48.64	+61.6%	COM SER C	530307305
CMCSA	COMCAST CORP NEW	8,511	$373K	0.1%	$27.44	+46.1%	CL A	20030N101
OSG	AMBAC FINL GROUP INC	22,600	$372K	0.1%	$17.01	-18.3%	COM NEW	023139884
AVGO	BROADCOM INC	330	$368K	0.1%	$57.59	+60.2%	COM	11135F101
QCOM	QUALCOMM INC	2,535	$367K	0.1%	$98.76	+19.8%	COM	747525103
LBTYK	LIBERTY GLOBAL LTD	18,925	$353K	0.1%	$9.07	0.0%	COM CL C	G61188127
FTI	TECHNIPFMC PLC	17,403	$350K	0.1%	$7.68	+163.0%	COM	G87110105
SRE	SEMPRA	4,591	$343K	0.1%	$47.67	+40.0%	COM	816851109
GEOS	GEOSPACE TECHNOLOGIES CORP	25,731	$333K	0.1%	$10.53	+16.1%	COM	37364X109
CSW	CSW INDUSTRIALS INC	1,600	$332K	0.1%	$133.41	+34.9%	COM	126402106
ENB	ENBRIDGE INC	8,606	$310K	0.1%	$21.39	+37.5%	COM	29250N105
CSCO	CISCO SYS INC	6,039	$305K	0.1%	$21.70	+121.1%	COM	17275R102
DJCO	DAILY JOURNAL CORP	889	$303K	0.1%	$220.08	+42.1%	COM	233912104
IP	INTERNATIONAL PAPER CO	8,350	$302K	0.1%	$22.81	+40.1%	COM	460146103
PDS	PRECISION DRILLING CORP	5,140	$279K	0.1%	$60.50	-4.5%	COM NEW	74022D407
VYMI	VANGUARD WHITEHALL FDS	4,188	$278K	0.1%	$59.57	—	INTL HIGH ETF	921946794
—	UNITED STATES STL CORP NEW	5,600	$272K	0.1%	$48.65	—	COM	912909108
VEA	VANGUARD TAX-MANAGED FDS	5,611	$269K	0.1%	$42.50	—	VAN FTSE DEV MKT	921943858
FNF	FIDELITY NATIONAL FINANCIAL	5,121	$261K	0.1%	$25.01	+55.2%	FNF GROUP COM	31620R303
BX	BLACKSTONE INC	1,975	$259K	0.1%	$39.22	+160.2%	COM	09260D107
OXY/WS	OCCIDENTAL PETE CORP	6,556	$255K	0.1%	$35.19	—	*W EXP 08/03/202	674599162
RRC	RANGE RES CORP	8,330	$254K	0.1%	$22.82	+43.8%	COM	75281A109
PTEN	PATTERSON-UTI ENERGY INC	23,194	$250K	0.1%	$21.18	-42.6%	COM	703481101
OVLY	OAK VY BANCORP OAKDALE CALIF	8,337	$250K	0.1%	$8.75	+199.3%	COM	671807105
SYLD	CAMBRIA ETF TR	3,548	$240K	0.1%	$59.31	—	SHSHLD YIELD ETF	132061201
DFEV	DIMENSIONAL ETF TRUST	9,470	$239K	0.0%	$22.62	—	EMERGING MKTS VA	25434V740
MCK	MCKESSON CORP	515	$238K	0.0%	$379.54	+18.6%	COM	58155Q103
IDT	IDT CORP	6,937	$236K	0.0%	$29.47	0.0%	CL B NEW	448947507
CEF	SPROTT PHYSICAL GOLD & SILVE	12,291	$235K	0.0%	$17.21	—	TR UNIT	85208R101
LAD	LITHIA MTRS INC	711	$234K	0.0%	$239.48	+14.6%	COM	536797103
MRK	MERCK & CO INC	2,076	$226K	0.0%	$32.58	+197.1%	COM	58933Y105
XOM	EXXON MOBIL CORP	2,228	$223K	0.0%	$96.28	+1.4%	COM	30231G102
MET	METLIFE INC	3,317	$219K	0.0%	$28.97	+102.9%	COM	59156R108
TRMD	TORM PLC	7,085	$215K	0.0%	$6.48	+235.6%	SHS CL A	G89479102
VGK	VANGUARD INTL EQUITY INDEX F	3,271	$211K	0.0%	$64.48	—	FTSE EUROPE ETF	922042874
PNC	PNC FINL SVCS GROUP INC	1,350	$209K	0.0%	$119.93	0.0%	COM	693475105
—	MARATHON OIL CORP	8,628	$208K	0.0%	$23.02	—	COM	565849106
DUHP	DIMENSIONAL ETF TRUST	7,208	$206K	0.0%	$28.61	—	US HIGH PROFITAB	25434V831
CABO	CABLE ONE INC	360	$200K	0.0%	$388.66	+40.7%	COM	12685J105
UBFO	UNITED SEC BANCSHARES CALIF	19,862	$167K	0.0%	$2.58	+166.4%	COM	911460103
MTR	MESA RTY TR	11,686	$153K	0.0%	$4.23	—	UNIT BEN INT	590660106
VTRS	VIATRIS INC	12,000	$130K	0.0%	$8.69	0.0%	COM	92556V106
—	SPROTT FOCUS TR INC	15,835	$127K	0.0%	$7.84	—	COM	85208J109
TTI	TETRA TECHNOLOGIES INC DEL	22,000	$99,440	0.0%	$1.63	+210.2%	COM	88162F105
—	GRINDROD SHIPPING HOLDINGS L	10,745	$96,812	0.0%	$6.28	—	SHS	Y28895103
QURE	UNIQURE NV	13,604	$92,099	0.0%	$20.95	-68.5%	SHS	N90064101
—	BRF SA	22,725	$63,176	0.0%	$1.28	—	SPONSORED ADR	10552T107
SB	SAFE BULKERS INC	13,346	$52,450	0.0%	$3.23	+9.0%	COM	Y7388L103
—	PHX MINERALS INC	14,544	$46,832	0.0%	$3.05	—	CL A	69291A100
ARQ	ADVANCED EMISSIONS SOLUTIONS	11,300	$33,674	0.0%	$5.02	-55.6%	COM	00770C101
GLDG	GOLDMINING INC	10,000	$9,742	0.0%	$1.03	-15.9%	COM	38149E101
—	BOWFLEX INC	11,517	$8,868	0.0%	$1.34	—	COM	63910B102
TPHS	TRINITY PL HLDGS INC	13,572	$1,507	0.0%	$2.29	-88.0%	COM	89656D101