Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	175,087	$73.63M	13.9%	$115.89	+239.4%	CL B NEW	084670702
WTM	WHITE MTNS INS GROUP LTD	21,540	$38.65M	7.3%	$595.64	+181.4%	COM	G9618E107
WRB	BERKLEY W R CORP	430,203	$38.05M	7.2%	$24.56	+109.4%	COM	084423102
FRFHF	FAIRFAX FINL HLDGS LTD SUB VTG	31,326	$33.78M	6.4%	$508.46	+99.6%	Stock	303901102
—	ENSTAR GROUP LIMITED	102,949	$31.99M	6.0%	$178.25	—	SHS	G3075P101
MKL	MARKEL GROUP INC	18,252	$27.77M	5.2%	$693.85	+111.3%	COM	570535104
JEF	JEFFERIES FINL GROUP INC	560,073	$24.7M	4.7%	$16.68	+136.2%	COM	47233W109
L	LOEWS CORP	257,914	$20.19M	3.8%	$42.39	+73.5%	COM	540424108
AVUV	AMERICAN CENTY ETF TR	152,887	$14.33M	2.7%	$73.40	—	US SML CP VALU	025072877
MSFT	MICROSOFT CORP	19,317	$8.127M	1.5%	$26.70	+1395.2%	COM	594918104
CACC	CREDIT ACCEP CORP MICH	13,474	$7.432M	1.4%	$462.97	+18.5%	COM	225310101
AVDV	AMERICAN CENTY ETF TR	109,670	$7.223M	1.4%	$60.01	—	INTL SMCP VLU	025072802
BN	BROOKFIELD CORP	151,328	$6.336M	1.2%	$22.63	+17.7%	CL A LTD VT SH	11271J107
CNQ	CANADIAN NAT RES LTD	82,969	$6.332M	1.2%	$11.88	+162.3%	COM	136385101
UHAL/B	U HAUL HOLDING COMPANY	88,175	$5.88M	1.1%	$56.04	+15.0%	COM SER N	023586506
OXY	OCCIDENTAL PETE CORP	87,799	$5.706M	1.1%	$29.91	+92.5%	COM	674599105
DFIV	DIMENSIONAL ETF TRUST	145,320	$5.341M	1.0%	$32.44	—	INTERNATNAL VAL	25434V807
LEN/B	LENNAR CORP	30,896	$4.764M	0.9%	$39.13	+234.4%	CL B	526057302
BRK/A	BERKSHIRE HATHAWAY INC DEL	7	$4.441M	0.8%	$283601.72	+109.4%	CL A	084670108
—	ROYCE MICRO-CAP TR INC	416,882	$3.94M	0.7%	$9.27	—	COM	780915104
JAAA	JANUS DETROIT STR TR	75,943	$3.853M	0.7%	$50.58	—	HENDRSON AAA CL	47103U845
AR	ANTERO RESOURCES CORP	131,523	$3.814M	0.7%	$17.39	+38.9%	COM	03674X106
NVR	NVR INC	460	$3.726M	0.7%	$3646.46	+103.7%	COM	62944T105
TDW	TIDEWATER INC NEW	38,156	$3.51M	0.7%	$25.88	+188.2%	COM	88642R109
SLB	SCHLUMBERGER LTD	63,408	$3.475M	0.7%	$30.74	+55.6%	COM STK	806857108
CTRA	COTERRA ENERGY INC	118,526	$3.305M	0.6%	$17.16	+40.0%	COM	127097103
VTS	VITESSE ENERGY INC	136,076	$3.229M	0.6%	$18.25	+20.2%	COMMON STOCK	92852X103
CLF	CLEVELAND-CLIFFS INC NEW	139,849	$3.18M	0.6%	$17.21	+15.2%	COM	185899101
GHC	GRAHAM HLDGS CO	4,016	$3.083M	0.6%	$421.67	+66.8%	COM CL B	384637104
AMR	ALPHA METALLURGICAL RESOUR I	9,030	$2.99M	0.6%	$25.43	+1342.1%	COM	020764106
FCX	FREEPORT-MCMORAN INC	60,071	$2.825M	0.5%	$17.18	+129.3%	CL B	35671D857
JNJ	JOHNSON & JOHNSON	17,790	$2.814M	0.5%	$60.59	+148.0%	COM	478160104
SCHW	SCHWAB CHARLES CORP	37,528	$2.715M	0.5%	$49.84	+28.9%	COM	808513105
VYM	VANGUARD WHITEHALL FDS	21,222	$2.568M	0.5%	$104.47	—	HIGH DIV YLD	921946406
VTIP	VANGUARD MALVERN FDS	51,530	$2.468M	0.5%	$51.25	—	STRM INFPROIDX	922020805
DFLV	DIMENSIONAL ETF TRUST	78,395	$2.351M	0.4%	$28.93	—	US LARGE CAP VAL	25434V666
BR	BROADRIDGE FINL SOLUTIONS IN	11,043	$2.262M	0.4%	$21.85	+795.0%	COM	11133T103
CUBI	CUSTOMERS BANCORP INC	42,349	$2.247M	0.4%	$21.82	+141.4%	COM	23204G100
VTV	VANGUARD INDEX FDS	13,719	$2.234M	0.4%	$136.27	—	VALUE ETF	922908744
AAPL	APPLE INC	12,492	$2.142M	0.4%	$73.01	+146.9%	COM	037833100
BSM	BLACK STONE MINERALS L P	130,818	$2.09M	0.4%	$11.73	—	COM UNIT	09225M101
FCNCA	FIRST CTZNS BANCSHARES INC N	1,275	$2.085M	0.4%	$779.06	+91.6%	CL A	31946M103
COP	CONOCOPHILLIPS	15,945	$2.029M	0.4%	$34.28	+214.0%	COM	20825C104
ABEV	AMBEV SA	787,645	$1.953M	0.4%	$2.89	—	SPONSORED ADR	02319V103
OIH	VANECK ETF TRUST	5,753	$1.935M	0.4%	$253.22	—	OIL SERVICES ETF	92189H607
GNK	GENCO SHIPPING & TRADING LTD	94,130	$1.914M	0.4%	$13.68	+35.3%	SHS	Y2685T131
DISV	DIMENSIONAL ETF TRUST	69,022	$1.877M	0.4%	$22.25	—	INTL SMALL CAP V	25434V781
RES	RPC INC	241,410	$1.869M	0.4%	$11.20	-39.3%	COM	749660106
TPL	TEXAS PACIFIC LAND CORPORATI	3,195	$1.848M	0.3%	$150.57	+11.1%	COM	88262P102
AMGN	AMGEN INC	6,447	$1.833M	0.3%	$122.68	+125.0%	COM	031162100
AVEM	AMERICAN CENTY ETF TR	30,958	$1.794M	0.3%	$58.98	—	AVANTIS EMGMKT	025072604
CRGY	CRESCENT ENERGY COMPANY	150,528	$1.791M	0.3%	$12.08	-14.7%	CL A COM	44952J104
WBD	WARNER BROS DISCOVERY INC	204,481	$1.785M	0.3%	$14.68	-34.3%	COM SER A	934423104
—	EQUITY COMWLTH	91,124	$1.72M	0.3%	$19.07	—	COM SH BEN INT	294628102
JOE	ST JOE CO	29,379	$1.703M	0.3%	$18.70	+195.3%	COM	790148100
DFAI	DIMENSIONAL ETF TRUST	55,556	$1.679M	0.3%	$28.00	—	INTL CORE EQT MK	25434V203
SBR	SABINE RTY TR	26,549	$1.678M	0.3%	$36.56	—	UNIT BEN INT	785688102
DMLP	DORCHESTER MINERALS LP	48,639	$1.64M	0.3%	$15.51	—	COM UNIT	25820R105
EMR	EMERSON ELEC CO	13,616	$1.544M	0.3%	$38.98	+155.0%	COM	291011104
—	GENERAL AMERN INVS CO INC	32,520	$1.512M	0.3%	$31.93	—	COM	368802104
VAL	VALARIS LTD	19,202	$1.445M	0.3%	$31.06	+115.8%	CL A	G9460G101
DIHP	DIMENSIONAL ETF TRUST	51,772	$1.395M	0.3%	$21.06	—	INTL HIGH PROFIT	25434V765
CVX	CHEVRON CORP NEW	8,841	$1.395M	0.3%	$74.68	+86.1%	COM	166764100
VIGI	VANGUARD WHITEHALL FDS	16,909	$1.379M	0.3%	$78.11	—	INTL DVD ETF	921946810
NMM	NAVIOS MARITIME PARTNERS L P	32,340	$1.378M	0.3%	$25.62	—	COM UNIT LPI	Y62267409
AXP	AMERICAN EXPRESS CO	5,629	$1.282M	0.2%	$57.26	+254.4%	COM	025816109
—	DIVERSIFIED ENERGY COMPANY P	106,235	$1.278M	0.2%	$12.03	—	SHS NEW	G2891G204
CRC	CALIFORNIA RES CORP	22,830	$1.258M	0.2%	$19.84	+148.0%	COM STOCK	13057Q305
CABO	CABLE ONE INC	2,900	$1.227M	0.2%	$463.69	+2.3%	COM	12685J105
DVN	DEVON ENERGY CORP NEW	24,445	$1.227M	0.2%	$38.50	+8.6%	COM	25179M103
BK	BANK NEW YORK MELLON CORP	21,210	$1.222M	0.2%	$24.83	+112.1%	COM	064058100
BUR	BURFORD CAP LTD	73,563	$1.175M	0.2%	$9.94	+47.2%	ORD SHS	G17977110
CSWC	CAPITAL SOUTHWEST CORP	47,044	$1.174M	0.2%	$12.54	+53.8%	COM	140501107
CLB	CORE LABORATORIES INC	63,462	$1.084M	0.2%	$22.46	-30.4%	COM	21867A105
AGO	ASSURED GUARANTY LTD	12,388	$1.081M	0.2%	$48.71	+69.3%	COM	G0585R106
NTR	NUTRIEN LTD	19,388	$1.053M	0.2%	$57.30	-14.7%	COM	67077M108
SJT	SAN JUAN BASIN RTY TR	196,109	$1.039M	0.2%	$9.84	—	UNIT BEN INT	798241105
—	DIAMOND OFFSHORE DRILLING IN	74,073	$1.01M	0.2%	$7.22	—	COM	25271C201
ABT	ABBOTT LABS	8,881	$1.009M	0.2%	$29.95	+269.9%	COM	002824100
—	ROYCE VALUE TR INC	64,330	$976K	0.2%	$15.28	—	COM	780910105
CVS	CVS HEALTH CORP	12,148	$969K	0.2%	$57.80	+22.5%	COM	126650100
APD	AIR PRODS & CHEMS INC	3,830	$928K	0.2%	$64.78	+258.9%	COM	009158106
DD	DUPONT DE NEMOURS INC	12,082	$926K	0.2%	$27.24	+4.7%	COM	26614N102
IAU	ISHARES GOLD TR	21,617	$908K	0.2%	$34.21	—	ISHARES NEW	464285204
DFAC	DIMENSIONAL ETF TRUST	28,415	$908K	0.2%	$27.19	—	US CORE EQUITY 2	25434V708
IVOL	KRANESHARES TRUST	47,140	$892K	0.2%	$27.89	—	QUADRTC INT RT	500767736
SU	SUNCOR ENERGY INC NEW	23,823	$879K	0.2%	$20.57	+53.9%	COM	867224107
CVE	CENOVUS ENERGY INC	43,515	$870K	0.2%	$16.78	-3.5%	COM	15135U109
AVES	AMERICAN CENTY ETF TR	18,315	$868K	0.2%	$41.95	—	EMERGING MKT VAL	025072372
HP	HELMERICH & PAYNE INC	20,184	$849K	0.2%	$60.67	-37.6%	COM	423452101
AMAT	APPLIED MATLS INC	3,973	$819K	0.2%	$29.65	+508.4%	COM	038222105
IEO	ISHARES TR	7,327	$784K	0.1%	$83.11	—	US OIL GS EX ETF	464288851
CTO	CTO RLTY GROWTH INC NEW	44,339	$752K	0.1%	$29.72	—	COM	22948Q101
VONV	VANGUARD SCOTTSDALE FDS	9,421	$741K	0.1%	$94.94	—	VNG RUS1000VAL	92206C714
CNA	CNA FINL CORP	15,858	$720K	0.1%	$15.22	+153.3%	COM	126117100
CTVA	CORTEVA INC	12,451	$718K	0.1%	$26.67	+89.7%	COM	22052L104
COST	COSTCO WHSL CORP NEW	961	$704K	0.1%	$204.07	+246.3%	COM	22160K105
PSLV	SPROTT PHYSICAL SILVER TR	84,725	$702K	0.1%	$6.44	—	TR UNIT	85207K107
DOW	DOW INC	12,111	$702K	0.1%	$36.37	+34.6%	COM	260557103
HAL	HALLIBURTON CO	17,736	$699K	0.1%	$33.28	+2.5%	COM	406216101
CRT	CROSS TIMBERS RTY TR	51,111	$666K	0.1%	$17.96	—	TR UNIT	22757R109
VTOL	BRISTOW GROUP INC	24,389	$663K	0.1%	$28.56	-6.7%	COM	11040G103
EBAY	EBAY INC.	12,252	$647K	0.1%	$42.97	+2.3%	COM	278642103
FWONK	LIBERTY MEDIA CORP DEL	9,724	$638K	0.1%	$62.30	—	COM LBTY ONE S C	531229755
IMO	IMPERIAL OIL LTD	9,180	$635K	0.1%	$19.43	+199.3%	COM NEW	453038408
NVS	NOVARTIS AG	6,398	$619K	0.1%	$72.84	—	SPONSORED ADR	66987V109
OFG	OFG BANCORP	16,400	$604K	0.1%	$16.32	+121.8%	COM	67103X102
—	BLUEPRINT MEDICINES CORP	6,076	$576K	0.1%	$44.99	—	COM	09627Y109
USB	US BANCORP DEL	12,808	$573K	0.1%	$25.39	+52.2%	COM NEW	902973304
GD	GENERAL DYNAMICS CORP	2,015	$569K	0.1%	$56.44	+357.1%	COM	369550108
INSW	INTERNATIONAL SEAWAYS INC	10,508	$559K	0.1%	$11.47	+275.2%	COM	Y41053102
EQT	EQT CORP	15,076	$559K	0.1%	$18.07	+92.8%	COM	26884L109
WMB	WILLIAMS COS INC	14,156	$552K	0.1%	$14.83	+122.4%	COM	969457100
PXE	INVESCO EXCHANGE TRADED FD T	15,131	$542K	0.1%	$35.80	—	ENERGY EXPLORATI	46137V761
LUMN	LUMEN TECHNOLOGIES INC	325,979	$509K	0.1%	$7.27	-78.5%	COM	550241103
MAC	MACERICH CO	29,335	$505K	0.1%	$15.24	—	COM	554382101
SO	SOUTHERN CO	6,890	$494K	0.1%	$27.42	+136.2%	COM	842587107
AVGO	BROADCOM INC	330	$437K	0.1%	$57.59	+110.5%	COM	11135F101
FTI	TECHNIPFMC PLC	17,373	$436K	0.1%	$7.68	+170.5%	COM	G87110105
OEC	ORION S.A.	18,180	$428K	0.1%	$21.07	+9.7%	COM	L72967109
—	SOURCE CAP INC	9,687	$412K	0.1%	$55.20	—	COM	836144105
QCOM	QUALCOMM INC	2,430	$411K	0.1%	$98.76	+50.4%	COM	747525103
LMT	LOCKHEED MARTIN CORP	876	$398K	0.1%	$311.49	+33.5%	COM	539830109
VIG	VANGUARD SPECIALIZED FUNDS	2,160	$395K	0.1%	$98.86	—	DIV APP ETF	921908844
CSW	CSW INDUSTRIALS INC	1,600	$375K	0.1%	$133.41	+65.9%	COM	126402106
CMCSA	COMCAST CORP NEW	8,511	$369K	0.1%	$27.44	+48.1%	CL A	20030N101
—	KOREA FD INC	13,350	$339K	0.1%	$25.43	—	COM NEW	500634209
GEOS	GEOSPACE TECHNOLOGIES CORP	25,031	$330K	0.1%	$10.53	+27.5%	COM	37364X109
OSG	AMBAC FINL GROUP INC	21,100	$330K	0.1%	$17.01	-7.3%	COM NEW	023139884
SRE	SEMPRA	4,591	$330K	0.1%	$47.67	+41.2%	COM	816851109
WY	WEYERHAEUSER CO MTN BE	9,061	$325K	0.1%	$18.86	+69.2%	COM NEW	962166104
ZTS	ZOETIS INC	1,917	$324K	0.1%	$80.56	+127.6%	CL A	98978V103
DJCO	DAILY JOURNAL CORP	889	$321K	0.1%	$220.08	+55.2%	COM	233912104
UHAL	U HAUL HOLDING COMPANY	4,715	$318K	0.1%	$35.98	+83.7%	COM	023586100
IP	INTERNATIONAL PAPER CO	8,050	$314K	0.1%	$22.81	+47.3%	COM	460146103
PDS	PRECISION DRILLING CORP	4,567	$307K	0.1%	$60.50	-0.1%	COM NEW	74022D407
ENB	ENBRIDGE INC	8,304	$300K	0.1%	$21.39	+47.5%	COM	29250N105
VYMI	VANGUARD WHITEHALL FDS	4,188	$288K	0.1%	$59.57	—	INTL HIGH ETF	921946794
RRC	RANGE RES CORP	8,330	$287K	0.1%	$22.82	+35.5%	COM	75281A109
OXY/WS	OCCIDENTAL PETE CORP	6,532	$282K	0.1%	$35.19	—	*W EXP 08/03/202	674599162
VEA	VANGUARD TAX-MANAGED FDS	5,611	$282K	0.1%	$42.50	—	VAN FTSE DEV MKT	921943858
CSCO	CISCO SYS INC	5,533	$276K	0.1%	$21.70	+117.6%	COM	17275R102
MRK	MERCK & CO INC	2,076	$274K	0.1%	$32.58	+255.3%	COM	58933Y105
LBTYK	LIBERTY GLOBAL LTD	15,063	$266K	0.1%	$9.07	+11.1%	COM CL C	G61188127
IDT	IDT CORP	6,937	$262K	0.0%	$29.47	+21.2%	CL B NEW	448947507
SYLD	CAMBRIA ETF TR	3,548	$260K	0.0%	$59.31	—	SHSHLD YIELD ETF	132061201
XOM	EXXON MOBIL CORP	2,228	$259K	0.0%	$96.28	+1.9%	COM	30231G102
WABC	WESTAMERICA BANCORPORATION	5,166	$253K	0.0%	$29.77	+50.9%	COM	957090103
CEF	SPROTT PHYSICAL GOLD & SILVE	12,291	$250K	0.0%	$17.21	—	TR UNIT	85208R101
PTEN	PATTERSON-UTI ENERGY INC	20,822	$249K	0.0%	$21.18	-47.6%	COM	703481101
—	MARATHON OIL CORP	8,768	$248K	0.0%	$23.10	—	COM	565849106
DFEV	DIMENSIONAL ETF TRUST	9,470	$246K	0.0%	$22.62	—	EMERGING MKTS VA	25434V740
MET	METLIFE INC	3,134	$232K	0.0%	$28.97	+127.9%	COM	59156R108
TRMD	TORM PLC	6,585	$230K	0.0%	$6.48	+296.9%	SHS CL A	G89479102
—	UNITED STATES STL CORP NEW	5,600	$228K	0.0%	$48.65	—	COM	912909108
—	SOUTHWESTERN ENERGY CO	30,000	$227K	0.0%	$2.09	—	COM	845467109
LAD	LITHIA MTRS INC	751	$226K	0.0%	$242.47	+21.9%	COM	536797103
BAC	BANK AMERICA CORP	5,805	$220K	0.0%	$32.80	0.0%	COM	060505104
BX	BLACKSTONE INC	1,675	$220K	0.0%	$39.22	+202.6%	COM	09260D107
MCK	MCKESSON CORP	409	$220K	0.0%	$379.54	+32.6%	COM	58155Q103
VZ	VERIZON COMMUNICATIONS INC	5,202	$218K	0.0%	$35.93	0.0%	COM	92343V104
PNC	PNC FINL SVCS GROUP INC	1,350	$218K	0.0%	$119.93	+17.7%	COM	693475105
VGK	VANGUARD INTL EQUITY INDEX F	3,171	$214K	0.0%	$64.48	—	FTSE EUROPE ETF	922042874
OVLY	OAK VY BANCORP OAKDALE CALIF	8,337	$207K	0.0%	$8.75	+191.2%	COM	671807105
HNRG	HALLADOR ENERGY COMPANY	31,500	$168K	0.0%	$7.70	0.0%	COM	40609P105
UBFO	UNITED SEC BANCSHARES CALIF	19,862	$153K	0.0%	$2.58	+164.4%	COM	911460103
VTRS	VIATRIS INC	12,000	$143K	0.0%	$8.69	+27.0%	COM	92556V106
—	SPROTT FOCUS TR INC	15,835	$127K	0.0%	$7.84	—	COM	85208J109
—	GRINDROD SHIPPING HOLDINGS L	10,745	$111K	0.0%	$6.28	—	SHS	Y28895103
MTR	MESA RTY TR	10,526	$111K	0.0%	$4.23	—	UNIT BEN INT	590660106
TTI	TETRA TECHNOLOGIES INC DEL	22,000	$97,460	0.0%	$1.63	+155.4%	COM	88162F105
—	BRF SA	29,725	$96,904	0.0%	$1.75	—	SPONSORED ADR	10552T107
ARQ	ARQ INC	11,300	$73,224	0.0%	$5.02	-25.7%	COM	00770C101
QURE	UNIQURE NV	13,109	$68,167	0.0%	$20.95	-72.6%	SHS	N90064101
SB	SAFE BULKERS INC	13,346	$66,196	0.0%	$3.23	+36.5%	COM	Y7388L103
—	PHX MINERALS INC	14,544	$49,595	0.0%	$3.05	—	CL A	69291A100
GLDG	GOLDMINING INC	10,000	$8,750	0.0%	$1.03	-18.8%	COM	38149E101
TPHS	TRINITY PL HLDGS INC	13,572	$2,036	0.0%	$2.29	-92.4%	COM	89656D101