Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	168,510	$77.56M	14.0%	$115.89	+281.6%	CL B NEW	084670702
FRFHF	FAIRFAX FINL HLDGS LTD SUB VTG	30,569	$38.6M	7.0%	$1156.52	0.0%	Stock	303901102
WRB	BERKLEY W R CORP	651,263	$36.95M	6.7%	$34.53	+56.1%	COM	084423102
WTM	WHITE MTNS INS GROUP LTD	21,198	$35.96M	6.5%	$595.64	+192.7%	COM	G9618E107
JEF	JEFFERIES FINL GROUP INC	546,278	$33.62M	6.1%	$16.68	+225.9%	COM	47233W109
—	ENSTAR GROUP LIMITED	102,314	$32.9M	6.0%	$178.25	—	SHS	G3075P101
MKL	MARKEL GROUP INC	18,489	$29M	5.2%	$703.21	+122.6%	COM	570535104
L	LOEWS CORP	252,226	$19.94M	3.6%	$42.39	+84.3%	COM	540424108
AVUV	AMERICAN CENTY ETF TR	160,419	$15.39M	2.8%	$74.26	—	US SML CP VALU	025072877
BN	BROOKFIELD CORP	188,080	$9.996M	1.8%	$23.81	+31.4%	CL A LTD VT SH	11271J107
JAAA	JANUS DETROIT STR TR	173,038	$8.804M	1.6%	$50.75	—	HENDRSON AAA CL	47103U845
MSFT	MICROSOFT CORP	18,928	$8.145M	1.5%	$26.70	+1484.5%	COM	594918104
AVDV	AMERICAN CENTY ETF TR	114,642	$8.102M	1.5%	$60.22	—	INTL SMCP VLU	025072802
DFIV	DIMENSIONAL ETF TRUST	190,623	$7.259M	1.3%	$33.46	—	INTERNATNAL VAL	25434V807
UHAL/B	U HAUL HOLDING COMPANY	87,798	$6.321M	1.1%	$56.04	+16.0%	COM SER N	023586506
CACC	CREDIT ACCEP CORP MICH	13,411	$5.947M	1.1%	$463.27	+6.1%	COM	225310101
CNQ	CANADIAN NAT RES LTD	175,277	$5.821M	1.1%	$24.19	+37.1%	COM	136385101
LEN/B	LENNAR CORP	30,219	$5.226M	0.9%	$39.13	+279.8%	CL B	526057302
OXY	OCCIDENTAL PETE CORP	98,523	$5.078M	0.9%	$33.02	+67.8%	COM	674599105
BRK/A	BERKSHIRE HATHAWAY INC DEL	7	$4.838M	0.9%	$283601.72	+134.1%	CL A	084670108
NVR	NVR INC	452	$4.435M	0.8%	$3646.46	+139.4%	COM	62944T105
AR	ANTERO RESOURCES CORP	140,566	$4.027M	0.7%	$18.21	+55.7%	COM	03674X106
—	ROYCE MICRO-CAP TR INC	394,480	$3.791M	0.7%	$9.27	—	COM	780915104
SLB	SCHLUMBERGER LTD	84,194	$3.532M	0.6%	$34.08	+25.2%	COM STK	806857108
VTS	VITESSE ENERGY INC	144,455	$3.47M	0.6%	$18.61	+32.6%	COMMON STOCK	92852X103
GHC	GRAHAM HLDGS CO	3,955	$3.25M	0.6%	$421.67	+77.9%	COM CL B	384637104
FCX	FREEPORT-MCMORAN INC	57,069	$2.849M	0.5%	$17.18	+157.5%	CL B	35671D857
CTRA	COTERRA ENERGY INC	118,460	$2.837M	0.5%	$17.16	+37.1%	COM	127097103
JNJ	JOHNSON & JOHNSON	17,358	$2.813M	0.5%	$60.59	+151.9%	COM	478160104
AAPL	APPLE INC	11,739	$2.735M	0.5%	$73.01	+204.0%	COM	037833100
TDW	TIDEWATER INC NEW	37,761	$2.711M	0.5%	$25.88	+236.7%	COM	88642R109
TPL	TEXAS PACIFIC LAND CORPORATI	2,894	$2.561M	0.5%	$150.57	+80.9%	COM	88262P102
DFLV	DIMENSIONAL ETF TRUST	76,453	$2.356M	0.4%	$28.93	—	US LARGE CAP VAL	25434V666
AVEM	AMERICAN CENTY ETF TR	36,279	$2.344M	0.4%	$59.45	—	AVANTIS EMGMKT	025072604
VAL	VALARIS LTD	41,472	$2.312M	0.4%	$53.97	+21.4%	CL A	G9460G101
LUMN	LUMEN TECHNOLOGIES INC	318,806	$2.264M	0.4%	$6.59	-35.2%	COM	550241103
AMGN	AMGEN INC	7,024	$2.263M	0.4%	$135.55	+131.0%	COM	031162100
CVE	CENOVUS ENERGY INC	135,118	$2.261M	0.4%	$17.66	+1.4%	COM	15135U109
VYM	VANGUARD WHITEHALL FDS	17,290	$2.217M	0.4%	$104.47	—	HIGH DIV YLD	921946406
BR	BROADRIDGE FINL SOLUTIONS IN	10,245	$2.203M	0.4%	$21.85	+835.8%	COM	11133T103
FCNCA	FIRST CTZNS BANCSHARES INC N	1,180	$2.172M	0.4%	$779.06	+143.6%	CL A	31946M103
AMR	ALPHA METALLURGICAL RESOUR I	8,705	$2.056M	0.4%	$25.43	+904.5%	COM	020764106
SCHW	SCHWAB CHARLES CORP	31,657	$2.052M	0.4%	$49.84	+29.5%	COM	808513105
WBD	WARNER BROS DISCOVERY INC	245,313	$2.024M	0.4%	$13.57	-42.4%	COM SER A	934423104
DISV	DIMENSIONAL ETF TRUST	68,856	$2.001M	0.4%	$22.25	—	INTL SMALL CAP V	25434V781
JOE	ST JOE CO	33,547	$1.956M	0.4%	$23.41	+150.4%	COM	790148100
CLF	CLEVELAND-CLIFFS INC NEW	151,223	$1.931M	0.3%	$17.08	-20.5%	COM	185899101
CUBI	CUSTOMERS BANCORP INC	40,777	$1.894M	0.3%	$21.82	+138.6%	COM	23204G100
BSM	BLACK STONE MINERALS L P	125,287	$1.892M	0.3%	$11.73	—	COM UNIT	09225M101
OIH	VANECK ETF TRUST	6,662	$1.89M	0.3%	$259.35	—	OIL SERVICES ETF	92189H607
NMM	NAVIOS MARITIME PARTNERS L P	29,896	$1.872M	0.3%	$25.62	—	COM UNIT LPI	Y62267409
CABO	CABLE ONE INC	5,199	$1.819M	0.3%	$417.12	-16.1%	COM	12685J105
—	EQUITY COMWLTH	90,860	$1.808M	0.3%	$19.09	—	COM SH BEN INT	294628102
SBLK	STAR BULK CARRIERS CORP.	75,095	$1.779M	0.3%	$22.19	0.0%	SHS PAR	Y8162K204
VTV	VANGUARD INDEX FDS	10,175	$1.776M	0.3%	$136.27	—	VALUE ETF	922908744
CRGY	CRESCENT ENERGY COMPANY	159,827	$1.75M	0.3%	$12.00	-10.8%	CL A COM	44952J104
ABEV	AMBEV SA	712,757	$1.739M	0.3%	$2.89	—	SPONSORED ADR	02319V103
BUR	BURFORD CAP LTD	123,659	$1.64M	0.3%	$11.51	+14.1%	ORD SHS	G17977110
SBR	SABINE RTY TR	25,658	$1.581M	0.3%	$36.56	—	UNIT BEN INT	785688102
COP	CONOCOPHILLIPS	14,951	$1.574M	0.3%	$34.28	+206.6%	COM	20825C104
VTIP	VANGUARD MALVERN FDS	30,732	$1.515M	0.3%	$51.25	—	STRM INFPROIDX	922020805
DFAI	DIMENSIONAL ETF TRUST	47,137	$1.498M	0.3%	$28.00	—	INTL CORE EQT MK	25434V203
BK	BANK NEW YORK MELLON CORP	20,210	$1.452M	0.3%	$24.83	+157.1%	COM	064058100
DMLP	DORCHESTER MINERALS LP	47,439	$1.43M	0.3%	$15.51	—	COM UNIT	25820R105
NE	NOBLE CORP PLC	37,749	$1.364M	0.2%	$38.68	-5.8%	ORD SHS A	G65431127
—	DIVERSIFIED ENERGY COMPANY P	117,366	$1.336M	0.2%	$12.01	—	SHS NEW	G2891G204
AXP	AMERICAN EXPRESS CO	4,881	$1.324M	0.2%	$57.26	+328.1%	COM	025816109
EMR	EMERSON ELEC CO	11,945	$1.306M	0.2%	$38.98	+169.6%	COM	291011104
CVS	CVS HEALTH CORP	20,643	$1.298M	0.2%	$57.77	-4.5%	COM	126650100
DIHP	DIMENSIONAL ETF TRUST	45,722	$1.266M	0.2%	$21.06	—	INTL HIGH PROFIT	25434V765
—	GENERAL AMERN INVS CO INC	23,431	$1.256M	0.2%	$31.93	—	COM	368802104
CVX	CHEVRON CORP NEW	8,491	$1.25M	0.2%	$74.68	+87.4%	COM	166764100
DVN	DEVON ENERGY CORP NEW	30,989	$1.212M	0.2%	$39.59	+6.5%	COM	25179M103
VIGI	VANGUARD WHITEHALL FDS	13,630	$1.203M	0.2%	$78.11	—	INTL DVD ETF	921946810
CRC	CALIFORNIA RES CORP	22,477	$1.179M	0.2%	$19.84	+143.4%	COM STOCK	13057Q305
APD	AIR PRODS & CHEMS INC	3,853	$1.147M	0.2%	$64.78	+306.3%	COM	009158106
CSWC	CAPITAL SOUTHWEST CORP	45,244	$1.144M	0.2%	$12.54	+68.0%	COM	140501107
HAL	HALLIBURTON CO	38,771	$1.126M	0.2%	$32.70	-7.2%	COM	406216101
—	KOREA FD INC	49,210	$1.12M	0.2%	$24.11	—	COM NEW	500634209
NTR	NUTRIEN LTD	22,949	$1.103M	0.2%	$55.85	-17.4%	COM	67077M108
DD	DUPONT DE NEMOURS INC	12,083	$1.077M	0.2%	$27.24	+21.1%	COM	26614N102
IAU	ISHARES GOLD TR	20,367	$1.012M	0.2%	$34.21	—	ISHARES NEW	464285204
AGO	ASSURED GUARANTY LTD	11,898	$946K	0.2%	$48.71	+59.7%	COM	G0585R106
AVES	AMERICAN CENTY ETF TR	17,970	$937K	0.2%	$41.95	—	EMERGING MKT VAL	025072372
—	ROYCE SMALL CAP TRUST INC	57,339	$900K	0.2%	$15.28	—	COM	780910105
PSLV	SPROTT PHYSICAL SILVER TR	84,725	$885K	0.2%	$6.44	—	TR UNIT	85207K107
SU	SUNCOR ENERGY INC NEW	23,593	$871K	0.2%	$20.57	+80.4%	COM	867224107
COST	COSTCO WHSL CORP NEW	961	$852K	0.2%	$204.07	+322.4%	COM	22160K105
VTOL	BRISTOW GROUP INC	24,144	$838K	0.2%	$28.56	+26.4%	COM	11040G103
PXE	INVESCO EXCHANGE TRADED FD T	28,228	$837K	0.2%	$33.68	—	ENERGY EXPLORATI	46137V761
EWJV	ISHARES TR	24,047	$794K	0.1%	$32.21	—	MSCI JP VALUE	46435U374
DFAC	DIMENSIONAL ETF TRUST	22,070	$757K	0.1%	$27.19	—	US CORE EQUITY 2	25434V708
OFG	OFG BANCORP	16,400	$737K	0.1%	$16.32	+163.8%	COM	67103X102
CTVA	CORTEVA INC	12,454	$732K	0.1%	$26.67	+101.7%	COM	22052L104
SJT	SAN JUAN BASIN RTY TR	193,071	$711K	0.1%	$9.54	—	UNIT BEN INT	798241105
AMAT	APPLIED MATLS INC	3,485	$704K	0.1%	$29.65	+582.5%	COM	038222105
VONV	VANGUARD SCOTTSDALE FDS	8,412	$701K	0.1%	$94.94	—	VNG RUS1000VAL	92206C714
ABT	ABBOTT LABS	5,988	$683K	0.1%	$29.95	+257.5%	COM	002824100
FWONK	LIBERTY MEDIA CORP DEL	8,620	$667K	0.1%	$62.30	—	COM LBTY ONE S C	531229755
DOW	DOW INC	12,117	$662K	0.1%	$36.37	+31.8%	COM	260557103
IVOL	KRANESHARES TRUST	34,001	$655K	0.1%	$27.89	—	QUADRTC INT RT	500767736
IEO	ISHARES TR	6,896	$631K	0.1%	$83.11	—	US OIL GS EX ETF	464288851
SO	SOUTHERN CO	6,890	$621K	0.1%	$27.42	+197.7%	COM	842587107
GD	GENERAL DYNAMICS CORP	2,015	$609K	0.1%	$56.44	+407.6%	COM	369550108
IMO	IMPERIAL OIL LTD	8,630	$608K	0.1%	$19.43	+251.3%	COM NEW	453038408
WMB	WILLIAMS COS INC	13,056	$596K	0.1%	$14.83	+181.6%	COM	969457100
AVGO	BROADCOM INC	3,400	$587K	0.1%	$148.26	+6.6%	COM	11135F101
CSW	CSW INDUSTRIALS INC	1,600	$586K	0.1%	$133.41	+132.7%	COM	126402106
CNA	CNA FINL CORP	11,650	$570K	0.1%	$15.22	+192.9%	COM	126117100
EQT	EQT CORP	15,100	$553K	0.1%	$18.07	+84.8%	COM	26884L109
—	BLUEPRINT MEDICINES CORP	5,781	$535K	0.1%	$44.99	—	COM	09627Y109
NVS	NOVARTIS AG	4,592	$528K	0.1%	$72.84	—	SPONSORED ADR	66987V109
INSW	INTERNATIONAL SEAWAYS INC	9,749	$503K	0.1%	$11.47	+303.6%	COM	Y41053102
LMT	LOCKHEED MARTIN CORP	854	$499K	0.1%	$311.49	+65.8%	COM	539830109
CRT	CROSS TIMBERS RTY TR	45,876	$480K	0.1%	$17.96	—	TR UNIT	22757R109
FTI	TECHNIPFMC PLC	17,323	$454K	0.1%	$7.68	+242.1%	COM	G87110105
CTO	CTO RLTY GROWTH INC NEW	23,639	$450K	0.1%	$29.72	—	COM	22948Q101
USB	US BANCORP DEL	9,772	$447K	0.1%	$25.39	+62.0%	COM NEW	902973304
QCOM	QUALCOMM INC	2,430	$413K	0.1%	$105.99	+61.5%	COM	747525103
—	SOURCE CAP INC	8,070	$359K	0.1%	$55.20	—	COM	836144105
ENB	ENBRIDGE INC	8,671	$352K	0.1%	$21.89	+62.3%	COM	29250N105
CMCSA	COMCAST CORP NEW	8,358	$349K	0.1%	$27.44	+37.6%	CL A	20030N101
ZTS	ZOETIS INC	1,756	$343K	0.1%	$80.56	+125.1%	CL A	98978V103
UHAL	U HAUL HOLDING COMPANY	4,426	$343K	0.1%	$35.98	+90.0%	COM	023586100
DJCO	DAILY JOURNAL CORP	689	$338K	0.1%	$220.08	+106.5%	COM	233912104
VIG	VANGUARD SPECIALIZED FUNDS	1,672	$331K	0.1%	$98.86	—	DIV APP ETF	921908844
OEC	ORION S.A.	18,455	$329K	0.1%	$21.04	-8.4%	COM	L72967109
CEF	SPROTT PHYSICAL GOLD & SILVE	12,291	$301K	0.1%	$17.21	—	TR UNIT	85208R101
VYMI	VANGUARD WHITEHALL FDS	4,097	$301K	0.1%	$59.57	—	INTL HIGH ETF	921946794
HNRG	HALLADOR ENERGY COMPANY	31,575	$298K	0.1%	$7.65	-7.0%	COM	40609P105
WY	WEYERHAEUSER CO MTN BE	8,489	$287K	0.1%	$18.86	+56.0%	COM NEW	962166104
XOM	EXXON MOBIL CORP	2,328	$273K	0.0%	$98.56	+11.6%	COM	30231G102
LMB	LIMBACH HLDGS INC	3,500	$265K	0.0%	$63.59	0.0%	COM	53263P105
GEOS	GEOSPACE TECHNOLOGIES CORP	25,456	$263K	0.0%	$10.51	-9.1%	COM	37364X109
IP	INTERNATIONAL PAPER CO	5,382	$263K	0.0%	$22.81	+93.7%	COM	460146103
—	JAPAN SMALLER CAPITALIZATION	31,300	$259K	0.0%	$8.27	—	COM	47109U104
SRE	SEMPRA	3,089	$258K	0.0%	$47.67	+60.2%	COM	816851109
DFEV	DIMENSIONAL ETF TRUST	9,070	$258K	0.0%	$22.62	—	EMERGING MKTS VA	25434V740
SYLD	CAMBRIA ETF TR	3,548	$257K	0.0%	$59.31	—	SHSHLD YIELD ETF	132061201
WSC	WILLSCOT HLDGS CORP	6,750	$254K	0.0%	$38.16	0.0%	COM CL A	971378104
IDT	IDT CORP	6,504	$248K	0.0%	$29.47	+26.1%	CL B NEW	448947507
LBRDK	LIBERTY BROADBAND CORP	3,164	$245K	0.0%	$57.82	0.0%	COM SER C	530307305
SLM	SLM CORP	10,475	$240K	0.0%	$21.55	0.0%	COM	78442P106
MRK	MERCK & CO INC	2,066	$235K	0.0%	$32.58	+246.7%	COM	58933Y105
VZ	VERIZON COMMUNICATIONS INC	5,202	$234K	0.0%	$35.93	+6.8%	COM	92343V104
VEA	VANGUARD TAX-MANAGED FDS	4,411	$233K	0.0%	$42.50	—	VAN FTSE DEV MKT	921943858
LLY	ELI LILLY & CO	262	$232K	0.0%	$890.31	0.0%	COM	532457108
HP	HELMERICH & PAYNE INC	7,606	$231K	0.0%	$60.67	-43.1%	COM	423452101
WABC	WESTAMERICA BANCORPORATION	4,646	$230K	0.0%	$29.77	+61.1%	COM	957090103
PNC	PNC FINL SVCS GROUP INC	1,240	$229K	0.0%	$167.50	0.0%	COM	693475105
LBTYK	LIBERTY GLOBAL LTD	10,422	$225K	0.0%	$9.07	+14.0%	COM CL C	G61188127
TRGP	TARGA RES CORP	1,475	$218K	0.0%	$136.82	0.0%	COM	87612G101
—	MARATHON OIL CORP	8,075	$215K	0.0%	$23.10	—	COM	565849106
VGK	VANGUARD INTL EQUITY INDEX F	2,916	$207K	0.0%	$71.10	—	FTSE EUROPE ETF	922042874
MAC	MACERICH CO	10,394	$190K	0.0%	$15.24	—	COM	554382101
OSG	AMBAC FINL GROUP INC	15,600	$175K	0.0%	$17.01	-31.3%	COM NEW	023139884
UBFO	UNITED SEC BANCSHARES CALIF	18,248	$159K	0.0%	$2.58	+183.4%	COM	911460103
—	SOUTHWESTERN ENERGY CO	20,000	$142K	0.0%	$2.09	—	COM	845467109
VTRS	VIATRIS INC	12,000	$139K	0.0%	$8.69	+24.5%	COM	92556V106
—	BRF SA	29,725	$130K	0.0%	$1.75	—	SPONSORED ADR	10552T107
—	SPROTT FOCUS TR INC	10,718	$82,529	0.0%	$7.84	—	COM	85208J109
SB	SAFE BULKERS INC	13,345	$69,127	0.0%	$3.23	+59.3%	COM	Y7388L103
TTI	TETRA TECHNOLOGIES INC DEL	22,000	$68,200	0.0%	$1.63	+98.4%	COM	88162F105
ARQ	ARQ INC	11,300	$66,331	0.0%	$5.02	+21.3%	COM	00770C101
QURE	UNIQURE NV	12,504	$61,645	0.0%	$20.26	-67.9%	SHS	N90064101
MTR	MESA RTY TR	10,046	$56,860	0.0%	$4.23	—	UNIT BEN INT	590660106
—	PHX MINERALS INC	14,479	$48,938	0.0%	$3.05	—	CL A	69291A100