Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XOM	EXXONMOBIL HOLDINGS CORP	2,064	$336K	0.1%	$162.75	$162.75	—	COM SHS	30233Q108
APA	APA CORPORATION	7,250	$301K	0.0%	$41.54	$39.70	+4.6%	COM	03743Q108
SDRL	SEADRILL LTD	4,967	$222K	0.0%	$44.67	$45.18	-1.1%	COM	G7997W102
PM	PHILIP MORRIS INTL INC	1,085	$207K	0.0%	$190.82	$188.94	+1.0%	COM	718172109
MET	METLIFE INC	2,174	$205K	0.0%	$94.16	$95.36	-1.3%	COM	59156R108
JPM	JPMORGAN CHASE & CO	610	$202K	0.0%	$331.01	$349.77	-5.4%	COM	46625H100
INCY	INCYTE CORP	1,660	$201K	0.0%	$121.35	$122.02	-0.5%	COM	45337C102
UNP	UNION PAC CORP	735	$200K	0.0%	$272.26	$290.77	-6.4%	COM	907818108
CRTO	CRITEO S A	10,100	$154K	0.0%	$15.20 *	$19.63	-11.1%	ORD SHS	L20675101
SBSW	SIBANYE STILLWATER LTD	10,700	$109K	0.0%	$10.21	$10.40	-1.8%	SPONSORED ADR	82575P107
FRMI	FERMI INC	25,600	$108K	0.0%	$4.21	$5.92	-28.9%	COM	314911108
STLA	STELLANTIS N.V	21,202	$92,440	0.0%	$4.36	$4.36	—	SHS	N82405106
GFR	GREENFIRE RES LTD NEW	15,333	$86,631	0.0%	$5.65	$6.23	-9.3%	COM SHS	39525U107

Increased Positions (35)

MKL MARKEL GROUP INC 5.4%

Value $34.56M (-9.8%) Shares 20,184 (+2.9%) Share Price $1712.45 Est. Cost/Share $805.40 Unrealized @ Report Date +112.6%

AVES AMERICAN CENTY ETF TR 0.6%

Value $3.921M (+141.5%) Shares 60,203 (+143.2%) Share Price $65.13 Est. Cost/Share $58.82 Unrealized @ Report Date +10.7%

OXY OCCIDENTAL PETE CORP 1.2%

Value $7.696M (+17.8%) Shares 139,109 (+3.5%) Share Price $55.32 Est. Cost/Share $37.11 Unrealized @ Report Date +49.1%

EWZS ISHARES TR 0.2%

Value $1.598M (+268.3%) Shares 120,040 (+259.1%) Share Price $13.31 Est. Cost/Share $13.35 Unrealized @ Report Date -0.3%

WSC WILLSCOT HLDGS CORP 0.3%

Value $2.094M (-33.7%) Shares 121,904 (+11.4%) Share Price $17.18 Est. Cost/Share $25.17 Unrealized @ Report Date -31.7%

BN BROOKFIELD CORP 2.9%

Value $18.85M (-5.2%) Shares 516,953 (+10.8%) Share Price $36.46 Est. Cost/Share $36.43 Unrealized @ Report Date +0.1%

CRGY CRESCENT ENERGY COMPANY 0.4%

Value $2.725M (+33.4%) Shares 211,424 (+1.6%) Share Price $12.89 Est. Cost/Share $11.27 Unrealized @ Report Date +14.4%

TFLO ISHARES TR 0.6%

Value $3.542M (+19.3%) Shares 69,895 (+19.2%) Share Price $50.67 Est. Cost/Share $50.52 Unrealized @ Report Date +0.3%

SLB SLB LIMITED 1.0%

Value $6.285M (+8.3%) Shares 129,004 (+3.4%) Share Price $48.72 Est. Cost/Share $35.82 Unrealized @ Report Date +36.0%

PXE INVESCO EXCHANGE TRADED FD T 0.4%

Value $2.415M (+17.8%) Shares 61,302 (+1.3%) Share Price $39.39 Est. Cost/Share $31.11 Unrealized @ Report Date +26.6%

NE NOBLE CORP PLC 0.4%

Value $2.817M (+14.5%) Shares 67,486 (+2.4%) Share Price $41.74 Est. Cost/Share $35.58 Unrealized @ Report Date +17.3%

VTV VANGUARD INDEX FDS 0.2%

Value $1.584M (+27.1%) Shares 7,328 (+28.2%) Share Price $216.09 Est. Cost/Share $157.96 Unrealized @ Report Date +36.8%

NVDA NVIDIA CORPORATION 0.2%

Value $1.378M (+31.9%) Shares 6,033 (+15.6%) Share Price $228.38 Est. Cost/Share $137.76 Unrealized @ Report Date +65.8%

— JAPAN SMALLER CAPITALIZATION 0.4%

Value $2.659M (+11.6%) Shares 211,069 (+4.3%) Share Price $12.60 Est. Cost/Share $9.25 Unrealized @ Report Date —

AR ANTERO RESOURCES CORP 0.9%

Value $5.475M (-3.9%) Shares 163,964 (+1.1%) Share Price $33.39 Est. Cost/Share $20.54 Unrealized @ Report Date +62.6%

VTS VITESSE ENERGY INC 0.4%

Value $2.756M (+7.7%) Shares 165,002 (+1.7%) Share Price $16.70 Est. Cost/Share $18.71 Unrealized @ Report Date -10.8%

BUR BURFORD CAPITAL LIMITED 0.4%

Value $2.529M (+7.5%) Shares 645,108 (+12.5%) Share Price $3.92 Est. Cost/Share $8.97 Unrealized @ Report Date -56.3%

AIG AMERICAN INTL GROUP INC 0.3%

Value $1.691M (+7.3%) Shares 22,722 (+7.5%) Share Price $74.42 Est. Cost/Share $80.01 Unrealized @ Report Date -7.0%

LEN/B LENNAR CORP 0.5%

Value $3.043M (-2.8%) Shares 38,037 (+7.8%) Share Price $79.99 Est. Cost/Share $51.71 Unrealized @ Report Date +54.7%

DEC DIVERSIFIED ENERGY CO 0.4%

Value $2.388M (+2.9%) Shares 178,595 (+6.7%) Share Price $13.37 Est. Cost/Share $13.87 Unrealized @ Report Date -3.6%

AMTM AMENTUM HOLDINGS INC 0.3%

Value $1.931M (+3.6%) Shares 106,585 (+18.2%) Share Price $18.12 Est. Cost/Share $24.43 Unrealized @ Report Date -25.8%

NVS NOVARTIS AG 0.1%

Value $656K (-8.0%) Shares 4,604 (+1.1%) Share Price $142.57 Est. Cost/Share $80.28 Unrealized @ Report Date +77.6%

LFCR LIFECORE BIOMEDICAL INC 0.0%

Value $146K (+57.6%) Shares 22,160 (+25.7%) Share Price $6.58 Est. Cost/Share $6.27 Unrealized @ Report Date +4.9%

AVGO BROADCOM INC 0.2%

Value $1.247M (-3.1%) Shares 3,552 (+4.2%) Share Price $351.19 Est. Cost/Share $157.51 Unrealized @ Report Date +123.0%

ETR ENTERGY CORP NEW 0.0%

Value $215K (-12.7%) Shares 2,168 (+1.1%) Share Price $99.26 Est. Cost/Share $100.45 Unrealized @ Report Date -1.2%

SOC SABLE OFFSHORE CORP 0.0%

Value $84,531 (+54.6%) Shares 24,431 (+37.6%) Share Price $3.46 Est. Cost/Share $8.64 Unrealized @ Report Date -59.9%

ENB ENBRIDGE INC 0.0%

Value $293K (+10.2%) Shares 6,313 (+28.5%) Share Price $46.49 Est. Cost/Share $28.50 Unrealized @ Report Date +63.1%

HAL HALLIBURTON CO 0.6%

Value $3.652M (-0.6%) Shares 114,848 (+6.1%) Share Price $31.80 Est. Cost/Share $27.38 Unrealized @ Report Date +16.2%

CSIQ CANADIAN SOLAR INC 0.0%

Value $208K (+10.5%) Shares 18,073 (+53.6%) Share Price $11.52 Est. Cost/Share $15.31 Unrealized @ Report Date -24.8%

GOOGL ALPHABET INC 0.1%

Value $552K (+2.7%) Shares 1,603 (+6.7%) Share Price $344.08 Est. Cost/Share $261.60 Unrealized @ Report Date +31.5%

TXN TEXAS INSTRS INC 0.0%

Value $239K (-4.1%) Shares 853 (+2.0%) Share Price $280.09 Est. Cost/Share $277.41 Unrealized @ Report Date +1.0%

CSCO CISCO SYS INC 0.0%

Value $230K (-2.0%) Shares 2,139 (+7.0%) Share Price $107.63 Est. Cost/Share $105.10 Unrealized @ Report Date +2.4%

WFC WELLS FARGO & CO 0.0%

Value $219K (-1.9%) Shares 2,740 (+1.3%) Share Price $80.06 Est. Cost/Share $71.34 Unrealized @ Report Date +12.2%

JAAA JANUS DETROIT STR TR 0.0%

Value $294K (+1.2%) Shares 5,831 (+1.2%) Share Price $50.47 Est. Cost/Share $50.65 Unrealized @ Report Date -0.4%

QCOM QUALCOMM INC 0.1%

Value $356K (+0.8%) Shares 1,934 (+1.3%) Share Price $184.04 Est. Cost/Share $111.56 Unrealized @ Report Date +65.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MKL	MARKEL GROUP INC	20,184 (+2.9%)	$34.56M (-9.8%)	5.4%	$1712.45	$805.40	+112.6%	COM	570535104
AVES	AMERICAN CENTY ETF TR	60,203 (+143.2%)	$3.921M (+141.5%)	0.6%	$65.13	$58.82	+10.7%	EMERGING MKT VAL	025072372
OXY	OCCIDENTAL PETE CORP	139,109 (+3.5%)	$7.696M (+17.8%)	1.2%	$55.32	$37.11	+49.1%	COM	674599105
EWZS	ISHARES TR	120,040 (+259.1%)	$1.598M (+268.3%)	0.2%	$13.31	$13.35	-0.3%	BRAZIL SM-CP ETF	464289131
WSC	WILLSCOT HLDGS CORP	121,904 (+11.4%)	$2.094M (-33.7%)	0.3%	$17.18	$25.17	-31.7%	COM CL A	971378104
BN	BROOKFIELD CORP	516,953 (+10.8%)	$18.85M (-5.2%)	2.9%	$36.46	$36.43	+0.1%	CL A LTD VT SH	11271J107
CRGY	CRESCENT ENERGY COMPANY	211,424 (+1.6%)	$2.725M (+33.4%)	0.4%	$12.89	$11.27	+14.4%	CL A COM	44952J104
TFLO	ISHARES TR	69,895 (+19.2%)	$3.542M (+19.3%)	0.6%	$50.67	$50.52	+0.3%	TRS FLT RT BD	46434V860
SLB	SLB LIMITED	129,004 (+3.4%)	$6.285M (+8.3%)	1.0%	$48.72	$35.82	+36.0%	COM STK	806857108
PXE	INVESCO EXCHANGE TRADED FD T	61,302 (+1.3%)	$2.415M (+17.8%)	0.4%	$39.39	$31.11	+26.6%	ENERG EXPL ETF	46137V761
NE	NOBLE CORP PLC	67,486 (+2.4%)	$2.817M (+14.5%)	0.4%	$41.74	$35.58	+17.3%	ORD SHS A	G65431127
VTV	VANGUARD INDEX FDS	7,328 (+28.2%)	$1.584M (+27.1%)	0.2%	$216.09	$157.96	+36.8%	MRNGSTR VAL ETF	922908744
NVDA	NVIDIA CORPORATION	6,033 (+15.6%)	$1.378M (+31.9%)	0.2%	$228.38	$137.76	+65.8%	COM	67066G104
—	JAPAN SMALLER CAPITALIZATION	211,069 (+4.3%)	$2.659M (+11.6%)	0.4%	$12.60	$9.25	—	COM	47109U104
AR	ANTERO RESOURCES CORP	163,964 (+1.1%)	$5.475M (-3.9%)	0.9%	$33.39	$20.54	+62.6%	COM	03674X106
VTS	VITESSE ENERGY INC	165,002 (+1.7%)	$2.756M (+7.7%)	0.4%	$16.70	$18.71	-10.8%	COMMON STOCK	92852X103
BUR	BURFORD CAPITAL LIMITED	645,108 (+12.5%)	$2.529M (+7.5%)	0.4%	$3.92	$8.97	-56.3%	ORD SHS	G17977110
AIG	AMERICAN INTL GROUP INC	22,722 (+7.5%)	$1.691M (+7.3%)	0.3%	$74.42	$80.01	-7.0%	COM NEW	026874784
LEN/B	LENNAR CORP	38,037 (+7.8%)	$3.043M (-2.8%)	0.5%	$79.99	$51.71	+54.7%	CL B	526057302
DEC	DIVERSIFIED ENERGY CO	178,595 (+6.7%)	$2.388M (+2.9%)	0.4%	$13.37	$13.87	-3.6%	COMMON STOCK	25520W107
AMTM	AMENTUM HOLDINGS INC	106,585 (+18.2%)	$1.931M (+3.6%)	0.3%	$18.12	$24.43	-25.8%	COM	023939101
NVS	NOVARTIS AG	4,604 (+1.1%)	$656K (-8.0%)	0.1%	$142.57	$80.28	+77.6%	SPONSORED ADR	66987V109
LFCR	LIFECORE BIOMEDICAL INC	22,160 (+25.7%)	$146K (+57.6%)	0.0%	$6.58	$6.27	+4.9%	COM	514766104
AVGO	BROADCOM INC	3,552 (+4.2%)	$1.247M (-3.1%)	0.2%	$351.19	$157.51	+123.0%	COM	11135F101
ETR	ENTERGY CORP NEW	2,168 (+1.1%)	$215K (-12.7%)	0.0%	$99.26	$100.45	-1.2%	COM	29364G103
SOC	SABLE OFFSHORE CORP	24,431 (+37.6%)	$84,531 (+54.6%)	0.0%	$3.46	$8.64	-59.9%	COM SHS	78574H104
ENB	ENBRIDGE INC	6,313 (+28.5%)	$293K (+10.2%)	0.0%	$46.49	$28.50	+63.1%	COM	29250N105
HAL	HALLIBURTON CO	114,848 (+6.1%)	$3.652M (-0.6%)	0.6%	$31.80	$27.38	+16.2%	COM	406216101
CSIQ	CANADIAN SOLAR INC	18,073 (+53.6%)	$208K (+10.5%)	0.0%	$11.52	$15.31	-24.8%	COM	136635109
GOOGL	ALPHABET INC	1,603 (+6.7%)	$552K (+2.7%)	0.1%	$344.08	$261.60	+31.5%	CAP STK CL A	02079K305
TXN	TEXAS INSTRS INC	853 (+2.0%)	$239K (-4.1%)	0.0%	$280.09	$277.41	+1.0%	COM	882508104
CSCO	CISCO SYS INC	2,139 (+7.0%)	$230K (-2.0%)	0.0%	$107.63	$105.10	+2.4%	COM	17275R102
WFC	WELLS FARGO & CO	2,740 (+1.3%)	$219K (-1.9%)	0.0%	$80.06	$71.34	+12.2%	COM	949746101
JAAA	JANUS DETROIT STR TR	5,831 (+1.2%)	$294K (+1.2%)	0.0%	$50.47	$50.65	-0.4%	HENDRSON AAA CL	47103U845
QCOM	QUALCOMM INC	1,934 (+1.3%)	$356K (+0.8%)	0.1%	$184.04	$111.56	+65.0%	COM	747525103

Exited Positions (14)

FRFHF FAIRFAX FINL HLDGS LTD SUB VTG 7.6%

Value $48.46M Shares 29,425 Share Price $1646.81 * Est. Cost/Share $1162.02 Unrealized @ Report Date +34.7%

AGO ASSURED GUARANTY LTD 0.1%

Value $793K Shares 9,888 Share Price $80.16 * Est. Cost/Share $48.71 Unrealized @ Report Date +39.0%

DFAC DIMENSIONAL ETF TRUST 0.1%

Value $568K Shares 12,804 Share Price $44.36 Est. Cost/Share $27.17 Unrealized @ Report Date +63.6%

IVOL KRANESHARES TRUST 0.1%

Value $536K Shares 30,989 Share Price $17.29 * Est. Cost/Share $28.37 Unrealized @ Report Date -41.0%

CABO CABLE ONE INC 0.1%

Value $364K Shares 6,855 Share Price $53.11 * Est. Cost/Share $292.66 Unrealized @ Report Date -96.2%

SYY SYSCO CORP 0.0%

Value $251K Shares 3,000 Share Price $83.58 * Est. Cost/Share $71.09 Unrealized @ Report Date +9.7%

— ENERGY TRANSFER L P 0.0%

Value $237K Shares 20,697 Share Price $11.46 Est. Cost/Share $11.57 Unrealized @ Report Date —

PG PROCTER & GAMBLE CO 0.0%

Value $228K Shares 1,557 Share Price $146.64 Est. Cost/Share $145.55 Unrealized @ Report Date -0.2%

ROK ROCKWELL AUTOMATION INC 0.0%

Value $207K Shares 419 Share Price $495.08 * Est. Cost/Share $435.04 Unrealized @ Report Date +0.1%

KOID KRANESHARES TRUST 0.0%

Value $206K Shares 5,000 Share Price $41.22 * Est. Cost/Share $38.67 Unrealized @ Report Date -7.6%

VGK VANGUARD INTL EQUITY INDEX F 0.0%

Value $204K Shares 2,300 Share Price $88.54 Est. Cost/Share $87.53 Unrealized @ Report Date -0.8%

CRTO CRITEO S A 0.0%

Value $185K Shares 10,100 Share Price $18.28 * Est. Cost/Share $17.93 Unrealized @ Report Date -15.2%

— SPROTT FOCUS TR INC 0.0%

Value $102K Shares 10,718 Share Price $9.48 Est. Cost/Share $7.84 Unrealized @ Report Date —

RDI READING INTL INC 0.0%

Value $24,128 Shares 18,850 Share Price $1.28 * Est. Cost/Share $1.33 Unrealized @ Report Date +39.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
FRFHF	FAIRFAX FINL HLDGS LTD SUB VTG	29,425	$48.46M	7.6%	$1646.81 *	$1162.02	+34.7%	—	303901102
AGO	ASSURED GUARANTY LTD	9,888	$793K	0.1%	$80.16 *	$48.71	+39.0%	—	G0585R106
DFAC	DIMENSIONAL ETF TRUST	12,804	$568K	0.1%	$44.36	$27.17	+63.6%	—	25434V708
IVOL	KRANESHARES TRUST	30,989	$536K	0.1%	$17.29 *	$28.37	-41.0%	—	500767736
CABO	CABLE ONE INC	6,855	$364K	0.1%	$53.11 *	$292.66	-96.2%	—	12685J105
SYY	SYSCO CORP	3,000	$251K	0.0%	$83.58 *	$71.09	+9.7%	—	871829107
—	ENERGY TRANSFER L P	20,697	$237K	0.0%	$11.46	$11.57	—	—	29273V704
PG	PROCTER & GAMBLE CO	1,557	$228K	0.0%	$146.64	$145.55	-0.2%	—	742718109
ROK	ROCKWELL AUTOMATION INC	419	$207K	0.0%	$495.08 *	$435.04	+0.1%	—	773903109
KOID	KRANESHARES TRUST	5,000	$206K	0.0%	$41.22 *	$38.67	-7.6%	—	500767751
VGK	VANGUARD INTL EQUITY INDEX F	2,300	$204K	0.0%	$88.54	$87.53	-0.8%	—	922042874
CRTO	CRITEO S A	10,100	$185K	0.0%	$18.28 *	$17.93	-15.2%	—	226718104
—	SPROTT FOCUS TR INC	10,718	$102K	0.0%	$9.48	$7.84	—	—	85208J109
RDI	READING INTL INC	18,850	$24,128	0.0%	$1.28 *	$1.33	+39.0%	—	755408101

Decreased Positions (35)

— KOREA FD INC 0.4%

Value $2.419M (-52.1%) Shares 36,847 (-45.2%) Share Price $65.66 Est. Cost/Share $22.98 Unrealized @ Report Date —

MSFT MICROSOFT CORP 1.4%

Value $8.764M (+33.4%) Shares 17,086 (-3.0%) Share Price $512.91 Est. Cost/Share $33.23 Unrealized @ Report Date +1443.4%

AVEM AMERICAN CENTY ETF TR 0.8%

Value $5.162M (-28.1%) Shares 54,900 (-26.2%) Share Price $94.02 Est. Cost/Share $64.95 Unrealized @ Report Date +44.8%

BRK/B BERKSHIRE HATHAWAY INC DEL 12.0%

Value $76.68M (-2.1%) Shares 153,999 (-1.6%) Share Price $497.95 Est. Cost/Share $115.89 Unrealized @ Report Date +329.7%

CACC CREDIT ACCEP CORP MICH 0.6%

Value $4.108M (-23.0%) Shares 7,737 (-7.6%) Share Price $531.00 Est. Cost/Share $463.83 Unrealized @ Report Date +14.5%

USFR WISDOMTREE TR 6.6%

Value $42.07M (-2.8%) Shares 834,821 (-2.9%) Share Price $50.39 Est. Cost/Share $50.35 Unrealized @ Report Date +0.1%

AMAT APPLIED MATLS INC 0.1%

Value $922K (-37.9%) Shares 1,803 (-12.3%) Share Price $511.38 Est. Cost/Share $29.65 Unrealized @ Report Date +1624.7%

AAPL APPLE INC 0.7%

Value $4.661M (+12.8%) Shares 13,997 (-2.0%) Share Price $333.02 Est. Cost/Share $107.21 Unrealized @ Report Date +210.6%

DVN DEVON ENERGY CORP NEW 0.8%

Value $5.419M (+9.7%) Shares 117,696 (-1.6%) Share Price $46.04 Est. Cost/Share $43.39 Unrealized @ Report Date +6.1%

SBLK STAR BULK CARRIERS CORP. 0.4%

Value $2.842M (+16.1%) Shares 96,790 (-1.2%) Share Price $29.36 Est. Cost/Share $20.25 Unrealized @ Report Date +45.0%

FCX FREEPORT MCMORAN INC 0.6%

Value $3.641M (+10.0%) Shares 52,018 (-1.2%) Share Price $70.00 Est. Cost/Share $19.19 Unrealized @ Report Date +264.8%

CVX CHEVRON CORPORATION 0.3%

Value $1.871M (+21.1%) Shares 9,160 (-1.7%) Share Price $204.21 Est. Cost/Share $88.66 Unrealized @ Report Date +130.3%

IBTG ISHARES TR 0.0%

Value $310K (-46.1%) Shares 13,550 (-46.1%) Share Price $22.88 Est. Cost/Share $22.90 Unrealized @ Report Date -0.1%

INSW INTERNATIONAL SEAWAYS INC 0.1%

Value $958K (+32.8%) Shares 8,697 (-7.7%) Share Price $110.14 Est. Cost/Share $11.47 Unrealized @ Report Date +860.6%

CUBI CUSTOMERS BANCORP INC 0.4%

Value $2.616M (-8.0%) Shares 35,358 (-1.7%) Share Price $74.00 Est. Cost/Share $21.82 Unrealized @ Report Date +239.2%

ELVA ELECTROVAYA INC 0.0%

Value $104K (-64.0%) Shares 16,000 (-42.1%) Share Price $6.52 Est. Cost/Share $8.65 Unrealized @ Report Date -24.6%

ABEV AMBEV SA 0.3%

Value $2.032M (-8.2%) Shares 695,946 (-1.3%) Share Price $2.92 Est. Cost/Share $2.89 Unrealized @ Report Date +1.2%

VYM VANGUARD WHITEHALL FDS 0.3%

Value $1.667M (-7.3%) Shares 10,744 (-5.6%) Share Price $155.20 Est. Cost/Share $101.96 Unrealized @ Report Date +52.2%

— GENERAL AMERN INVS CO INC 0.2%

Value $1.038M (-10.3%) Shares 16,362 (-9.9%) Share Price $63.44 Est. Cost/Share $32.94 Unrealized @ Report Date —

EMR EMERSON ELEC CO 0.3%

Value $2.073M (+5.8%) Shares 13,367 (-2.3%) Share Price $155.10 Est. Cost/Share $64.39 Unrealized @ Report Date +140.9%

FCNCA FIRST CTZNS BANCSHARES INC D 0.3%

Value $1.998M (-5.2%) Shares 970 (-4.2%) Share Price $2060.20 Est. Cost/Share $779.06 Unrealized @ Report Date +164.4%

USB US BANCORP 0.1%

Value $542K (-14.5%) Shares 9,379 (-10.6%) Share Price $57.76 Est. Cost/Share $28.09 Unrealized @ Report Date +105.6%

BK BANK OF NY MELLON CORP 0.4%

Value $2.773M (-2.7%) Shares 19,175 (-2.7%) Share Price $144.63 Est. Cost/Share $27.74 Unrealized @ Report Date —

CSWC CAPITAL SOUTHWEST CORP 0.1%

Value $448K (-14.3%) Shares 19,354 (-11.9%) Share Price $23.13 Est. Cost/Share $12.54 Unrealized @ Report Date +84.4%

LMT LOCKHEED MARTIN CORP 0.1%

Value $421K (-12.9%) Shares 828 (-12.8%) Share Price $509.05 Est. Cost/Share $326.26 Unrealized @ Report Date +56.1%

MMM 3M CO 0.1%

Value $386K (-10.1%) Shares 2,350 (-11.3%) Share Price $164.15 Est. Cost/Share $141.25 Unrealized @ Report Date +16.2%

FWONK LIBERTY MEDIA CORP DEL 0.1%

Value $604K (-6.2%) Shares 6,532 (-3.4%) Share Price $92.40 Est. Cost/Share $62.30 Unrealized @ Report Date —

OFG OFG BANCORP 0.1%

Value $595K (-5.9%) Shares 11,890 (-7.8%) Share Price $50.08 Est. Cost/Share $16.32 Unrealized @ Report Date +206.9%

RTX RTX CORPORATION 0.1%

Value $439K (-7.3%) Shares 2,365 (-5.3%) Share Price $185.65 Est. Cost/Share $131.75 Unrealized @ Report Date +40.9%

AMR ALPHA METALLURGICAL RESOUR I 0.7%

Value $4.396M (+0.7%) Shares 26,132 (-1.2%) Share Price $168.22 Est. Cost/Share $119.14 Unrealized @ Report Date +41.2%

NVGS NAVIGATOR HLDGS LTD 0.0%

Value $249K (+13.8%) Shares 10,760 (-8.5%) Share Price $23.18 Est. Cost/Share $13.34 Unrealized @ Report Date +73.7%

DFLV DIMENSIONAL ETF TRUST 0.3%

Value $2.208M (-1.0%) Shares 54,973 (-2.6%) Share Price $40.17 Est. Cost/Share $26.91 Unrealized @ Report Date +49.3%

BAC BANK OF AMER CORP 0.0%

Value $274K (-6.9%) Shares 5,029 (-2.6%) Share Price $54.43 Est. Cost/Share $41.45 Unrealized @ Report Date +31.3%

IAU ISHARES GOLD TR 0.2%

Value $1.232M (+1.1%) Shares 15,772 (-2.2%) Share Price $78.10 Est. Cost/Share $35.28 Unrealized @ Report Date +121.4%

VIG VANGUARD SPECIALIZED FUNDS 0.0%

Value $250K (-3.6%) Shares 1,071 (-2.3%) Share Price $233.31 Est. Cost/Share $102.01 Unrealized @ Report Date +128.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	KOREA FD INC	36,847 (-45.2%)	$2.419M (-52.1%)	0.4%	$65.66	$22.98	—	COM NEW	500634209
MSFT	MICROSOFT CORP	17,086 (-3.0%)	$8.764M (+33.4%)	1.4%	$512.91	$33.23	+1443.4%	COM	594918104
AVEM	AMERICAN CENTY ETF TR	54,900 (-26.2%)	$5.162M (-28.1%)	0.8%	$94.02	$64.95	+44.8%	AVANTIS EMGMKT	025072604
BRK/B	BERKSHIRE HATHAWAY INC DEL	153,999 (-1.6%)	$76.68M (-2.1%)	12.0%	$497.95	$115.89	+329.7%	CL B NEW	084670702
CACC	CREDIT ACCEP CORP MICH	7,737 (-7.6%)	$4.108M (-23.0%)	0.6%	$531.00	$463.83	+14.5%	COM	225310101
USFR	WISDOMTREE TR	834,821 (-2.9%)	$42.07M (-2.8%)	6.6%	$50.39	$50.35	+0.1%	FLOATNG RAT TREA	97717Y527
AMAT	APPLIED MATLS INC	1,803 (-12.3%)	$922K (-37.9%)	0.1%	$511.38	$29.65	+1624.7%	COM	038222105
AAPL	APPLE INC	13,997 (-2.0%)	$4.661M (+12.8%)	0.7%	$333.02	$107.21	+210.6%	COM	037833100
DVN	DEVON ENERGY CORP NEW	117,696 (-1.6%)	$5.419M (+9.7%)	0.8%	$46.04	$43.39	+6.1%	COM	25179M103
SBLK	STAR BULK CARRIERS CORP.	96,790 (-1.2%)	$2.842M (+16.1%)	0.4%	$29.36	$20.25	+45.0%	SHS PAR	Y8162K204
FCX	FREEPORT MCMORAN INC	52,018 (-1.2%)	$3.641M (+10.0%)	0.6%	$70.00	$19.19	+264.8%	CL B	35671D857
CVX	CHEVRON CORPORATION	9,160 (-1.7%)	$1.871M (+21.1%)	0.3%	$204.21	$88.66	+130.3%	COM	166764100
IBTG	ISHARES TR	13,550 (-46.1%)	$310K (-46.1%)	0.0%	$22.88	$22.90	-0.1%	IBONDS 26 TRM TS	46436E858
INSW	INTERNATIONAL SEAWAYS INC	8,697 (-7.7%)	$958K (+32.8%)	0.1%	$110.14	$11.47	+860.6%	COM	Y41053102
CUBI	CUSTOMERS BANCORP INC	35,358 (-1.7%)	$2.616M (-8.0%)	0.4%	$74.00	$21.82	+239.2%	COM	23204G100
ELVA	ELECTROVAYA INC	16,000 (-42.1%)	$104K (-64.0%)	0.0%	$6.52	$8.65	-24.6%	COM NEW	28617B606
ABEV	AMBEV SA	695,946 (-1.3%)	$2.032M (-8.2%)	0.3%	$2.92	$2.89	+1.2%	SPONSORED ADR	02319V103
VYM	VANGUARD WHITEHALL FDS	10,744 (-5.6%)	$1.667M (-7.3%)	0.3%	$155.20	$101.96	+52.2%	HIGH DIV YLD	921946406
—	GENERAL AMERN INVS CO INC	16,362 (-9.9%)	$1.038M (-10.3%)	0.2%	$63.44	$32.94	—	COM	368802104
EMR	EMERSON ELEC CO	13,367 (-2.3%)	$2.073M (+5.8%)	0.3%	$155.10	$64.39	+140.9%	COM	291011104
FCNCA	FIRST CTZNS BANCSHARES INC D	970 (-4.2%)	$1.998M (-5.2%)	0.3%	$2060.20	$779.06	+164.4%	CL A	31946M103
USB	US BANCORP	9,379 (-10.6%)	$542K (-14.5%)	0.1%	$57.76	$28.09	+105.6%	COM NEW	902973304
BK	BANK OF NY MELLON CORP	19,175 (-2.7%)	$2.773M (-2.7%)	0.4%	$144.63	$27.74	—	COM	064058100
CSWC	CAPITAL SOUTHWEST CORP	19,354 (-11.9%)	$448K (-14.3%)	0.1%	$23.13	$12.54	+84.4%	COM	140501107
LMT	LOCKHEED MARTIN CORP	828 (-12.8%)	$421K (-12.9%)	0.1%	$509.05	$326.26	+56.1%	COM	539830109
MMM	3M CO	2,350 (-11.3%)	$386K (-10.1%)	0.1%	$164.15	$141.25	+16.2%	COM	88579Y101
FWONK	LIBERTY MEDIA CORP DEL	6,532 (-3.4%)	$604K (-6.2%)	0.1%	$92.40	$62.30	—	COM SER C	531229755
OFG	OFG BANCORP	11,890 (-7.8%)	$595K (-5.9%)	0.1%	$50.08	$16.32	+206.9%	COM	67103X102
RTX	RTX CORPORATION	2,365 (-5.3%)	$439K (-7.3%)	0.1%	$185.65	$131.75	+40.9%	COM	75513E101
AMR	ALPHA METALLURGICAL RESOUR I	26,132 (-1.2%)	$4.396M (+0.7%)	0.7%	$168.22	$119.14	+41.2%	COM	020764106
NVGS	NAVIGATOR HLDGS LTD	10,760 (-8.5%)	$249K (+13.8%)	0.0%	$23.18	$13.34	+73.7%	SHS	Y62132108
DFLV	DIMENSIONAL ETF TRUST	54,973 (-2.6%)	$2.208M (-1.0%)	0.3%	$40.17	$26.91	+49.3%	US LARG VALU ETF	25434V666
BAC	BANK OF AMER CORP	5,029 (-2.6%)	$274K (-6.9%)	0.0%	$54.43	$41.45	+31.3%	COM	060505104
IAU	ISHARES GOLD TR	15,772 (-2.2%)	$1.232M (+1.1%)	0.2%	$78.10	$35.28	+121.4%	ISHARES NEW	464285204
VIG	VANGUARD SPECIALIZED FUNDS	1,071 (-2.3%)	$250K (-3.6%)	0.0%	$233.31	$102.01	+128.7%	DIV APP ETF	921908844

Unchanged Positions (115)

JEF JEFFERIES FINANCIAL GROUP IN 4.4%

Value $28.35M Shares 619,917 Share Price $45.73 Est. Cost/Share $20.85 Unrealized @ Report Date +119.4%

CVE CENOVUS ENERGY INC 1.8%

Value $11.43M Shares 367,795 Share Price $31.08 Est. Cost/Share $15.68 Unrealized @ Report Date +98.2%

L LOEWS CORP 4.2%

Value $26.81M Shares 256,765 Share Price $104.43 Est. Cost/Share $43.67 Unrealized @ Report Date +139.1%

CNQ CANADIAN NAT RES LTD MED TER 1.7%

Value $11.19M Shares 237,682 Share Price $47.07 Est. Cost/Share $26.12 Unrealized @ Report Date +80.2%

WRB BERKLEY W R CORP 6.7%

Value $43.13M Shares 638,546 Share Price $67.54 Est. Cost/Share $35.08 Unrealized @ Report Date +92.5%

WTM WHITE MTNS INS GROUP LTD 6.9%

Value $44.44M Shares 22,147 Share Price $2006.51 Est. Cost/Share $678.48 Unrealized @ Report Date +195.7%

AVUV AMERICAN CENTY ETF TR 3.0%

Value $19.4M Shares 164,708 Share Price $117.77 Est. Cost/Share $75.63 Unrealized @ Report Date +55.7%

TPL TEXAS PACIFIC LAND CORPORATI 0.4%

Value $2.595M Shares 7,965 Share Price $325.82 Est. Cost/Share $255.55 Unrealized @ Report Date +27.5%

AVDV AMERICAN CENTY ETF TR 2.3%

Value $14.7M Shares 134,349 Share Price $109.38 Est. Cost/Share $63.21 Unrealized @ Report Date +73.1%

NMM NAVIOS MARITIME PARTNERS LP 0.6%

Value $3.834M Shares 42,641 Share Price $89.91 Est. Cost/Share $30.17 Unrealized @ Report Date —

TDW TIDEWATER INC NEW 0.6%

Value $4.009M Shares 49,433 Share Price $81.10 Est. Cost/Share $31.08 Unrealized @ Report Date +161.0%

LUMN LUMEN TECHNOLOGIES INC 0.3%

Value $1.808M Shares 322,894 Share Price $5.60 Est. Cost/Share $6.46 Unrealized @ Report Date -13.3%

UHAL/B U HAUL HOLDING COMPANY 1.0%

Value $6.13M Shares 115,982 Share Price $52.85 Est. Cost/Share $55.03 Unrealized @ Report Date -4.0%

DFIV DIMENSIONAL ETF TRUST 2.4%

Value $15.38M Shares 275,284 Share Price $55.86 Est. Cost/Share $35.69 Unrealized @ Report Date +56.5%

AMGN AMGEN INC 0.5%

Value $3.235M Shares 7,674 Share Price $421.51 Est. Cost/Share $168.22 Unrealized @ Report Date +150.6%

— ROYCE MICRO-CAP TR INC 0.7%

Value $4.629M Shares 344,409 Share Price $13.44 Est. Cost/Share $9.27 Unrealized @ Report Date —

COP CONOCOPHILLIPS 0.3%

Value $2.062M Shares 16,473 Share Price $125.15 Est. Cost/Share $41.74 Unrealized @ Report Date +199.8%

JNJ JOHNSON & JOHNSON 1.2%

Value $7.414M Shares 28,005 Share Price $264.74 Est. Cost/Share $95.20 Unrealized @ Report Date +178.1%

NVR NVR INC 0.5%

Value $3.237M Shares 526 Share Price $6154.39 Est. Cost/Share $4196.32 Unrealized @ Report Date +46.7%

SU SUNCOR ENERGY INC NEW 0.2%

Value $1.529M Shares 22,535 Share Price $67.87 Est. Cost/Share $21.38 Unrealized @ Report Date +217.5%

BR BROADRIDGE FINL SOLUTIONS IN 0.3%

Value $1.74M Shares 10,802 Share Price $161.10 Est. Cost/Share $33.06 Unrealized @ Report Date +387.3%

MRK MERCK & CO INC 0.3%

Value $2.206M Shares 15,179 Share Price $145.31 Est. Cost/Share $82.73 Unrealized @ Report Date +75.6%

Q QNITY ELECTRONICS INC 0.1%

Value $810K Shares 6,440 Share Price $125.74 Est. Cost/Share $89.08 Unrealized @ Report Date +41.2%

VAL VALARIS LTD 0.4%

Value $2.859M Shares 36,417 Share Price $78.52 Est. Cost/Share $52.01 Unrealized @ Report Date +51.0%

DISV DIMENSIONAL ETF TRUST 0.5%

Value $2.955M Shares 68,255 Share Price $43.29 Est. Cost/Share $20.91 Unrealized @ Report Date +107.0%

QURE UNIQURE NV 0.0%

Value $205K Shares 8,465 Share Price $24.16 Est. Cost/Share $26.18 Unrealized @ Report Date -7.7%

SCHW CHARLES SCHWAB CORP (THE) 0.5%

Value $3.025M Shares 30,949 Share Price $97.74 Est. Cost/Share $49.84 Unrealized @ Report Date +96.1%

NTR NUTRIEN LTD 0.3%

Value $1.621M Shares 23,070 Share Price $70.25 Est. Cost/Share $55.64 Unrealized @ Report Date +26.2%

JOE ST JOE CO 0.5%

Value $3.273M Shares 49,752 Share Price $65.78 Est. Cost/Share $31.79 Unrealized @ Report Date +106.9%

AXP AMERICAN EXPRESS CO 0.2%

Value $1.316M Shares 4,327 Share Price $304.09 Est. Cost/Share $57.26 Unrealized @ Report Date +431.1%

EWJV ISHARES TR 0.2%

Value $1.489M Shares 30,699 Share Price $48.51 Est. Cost/Share $32.54 Unrealized @ Report Date +49.1%

IEO ISHARES TR 0.1%

Value $758K Shares 5,745 Share Price $131.99 Est. Cost/Share $82.03 Unrealized @ Report Date +60.9%

IDT IDT CORP 0.1%

Value $448K Shares 5,598 Share Price $79.97 Est. Cost/Share $30.90 Unrealized @ Report Date +158.8%

CSL CARLISLE COS INC 0.1%

Value $955K Shares 2,965 Share Price $322.17 Est. Cost/Share $367.43 Unrealized @ Report Date -12.3%

DMLP DORCHESTER MINERALS L P 0.2%

Value $1.194M Shares 42,587 Share Price $28.04 Est. Cost/Share $15.51 Unrealized @ Report Date —

TTI TETRA TECHNOLOGIES INC DEL 0.0%

Value $129K Shares 22,000 Share Price $5.87 Est. Cost/Share $1.63 Unrealized @ Report Date +260.8%

SBR SABINE RTY TR 0.3%

Value $1.602M Shares 23,165 Share Price $69.15 Est. Cost/Share $36.56 Unrealized @ Report Date —

FITB FIFTH THIRD BANCORP 0.1%

Value $904K Shares 17,880 Share Price $50.58 Est. Cost/Share $39.02 Unrealized @ Report Date +29.6%

IMO IMPERIAL OIL LTD 0.2%

Value $1.038M Shares 8,435 Share Price $123.05 Est. Cost/Share $19.43 Unrealized @ Report Date +533.4%

COF CAPITAL ONE FINL CORP 0.4%

Value $2.499M Shares 12,944 Share Price $193.07 Est. Cost/Share $191.29 Unrealized @ Report Date +0.9%

CTVA CORTEVA INC 0.2%

Value $961K Shares 12,378 Share Price $77.65 Est. Cost/Share $26.67 Unrealized @ Report Date +191.1%

SJT SAN JUAN BASIN RTY TR 0.1%

Value $672K Shares 184,236 Share Price $3.65 Est. Cost/Share $9.54 Unrealized @ Report Date —

KELYA KELLY SVCS INC 0.1%

Value $321K Shares 19,800 Share Price $16.21 Est. Cost/Share $10.41 Unrealized @ Report Date +55.8%

GLRE GREENLIGHT CAP RE LTD 0.1%

Value $663K Shares 45,710 Share Price $14.50 Est. Cost/Share $13.38 Unrealized @ Report Date +8.3%

WMB WILLIAMS COS INC 0.1%

Value $777K Shares 11,430 Share Price $67.97 Est. Cost/Share $17.41 Unrealized @ Report Date +290.5%

RPM RPM INTL INC 0.1%

Value $592K Shares 6,000 Share Price $98.67 Est. Cost/Share $109.97 Unrealized @ Report Date -10.3%

— ROYCE SMALL CAP TRUST INC 0.1%

Value $878K Shares 51,232 Share Price $17.13 Est. Cost/Share $15.28 Unrealized @ Report Date —

EQT EQT CORP 0.1%

Value $725K Shares 14,932 Share Price $48.56 Est. Cost/Share $18.07 Unrealized @ Report Date +168.7%

AEM AGNICO EAGLE MINES LTD 0.1%

Value $446K Shares 2,433 Share Price $183.27 Est. Cost/Share $94.57 Unrealized @ Report Date +93.8%

TSLA TESLA INC 0.1%

Value $366K Shares 1,032 Share Price $354.81 Est. Cost/Share $340.85 Unrealized @ Report Date +4.1%

CAT CATERPILLAR INC 0.0%

Value $209K Shares 257 Share Price $811.55 Est. Cost/Share $878.47 Unrealized @ Report Date -7.7%

OIH VANECK ETF TRUST 0.6%

Value $3.794M Shares 10,028 Share Price $378.35 Est. Cost/Share $262.35 Unrealized @ Report Date +44.2%

PPG PPG INDS INC 0.0%

Value $313K Shares 3,000 Share Price $104.33 Est. Cost/Share $106.34 Unrealized @ Report Date -1.9%

APD AIR PRODUCTS AND CHEMICALS I 0.2%

Value $1.072M Shares 3,854 Share Price $278.23 Est. Cost/Share $64.78 Unrealized @ Report Date +329.5%

AMCX AMC GLOBAL MEDIA INC 0.1%

Value $338K Shares 28,950 Share Price $11.66 Est. Cost/Share $7.78 Unrealized @ Report Date +49.8%

CRC CALIFORNIA RES CORP 0.2%

Value $1.145M Shares 22,539 Share Price $50.80 Est. Cost/Share $19.84 Unrealized @ Report Date +156.1%

BSM BLACK STONE MINERALS L P 0.3%

Value $1.876M Shares 130,976 Share Price $14.32 Est. Cost/Share $11.84 Unrealized @ Report Date —

GEOS GEOSPACE TECHNOLOGIES CORP 0.0%

Value $120K Shares 24,485 Share Price $4.89 Est. Cost/Share $10.49 Unrealized @ Report Date -53.4%

OSG OCTAVE SPECIALTY GROUP INC 0.0%

Value $88,803 Shares 21,450 Share Price $4.14 Est. Cost/Share $14.11 Unrealized @ Report Date -70.7%

SRE SEMPRA 0.0%

Value $208K Shares 2,666 Share Price $77.96 Est. Cost/Share $54.12 Unrealized @ Report Date +44.0%

GD GENERAL DYNAMICS CORP 0.1%

Value $679K Shares 2,045 Share Price $331.83 Est. Cost/Share $56.44 Unrealized @ Report Date +487.9%

GHC GRAHAM HLDGS CO 0.6%

Value $3.792M Shares 3,342 Share Price $1134.77 Est. Cost/Share $421.67 Unrealized @ Report Date +169.1%

ABT ABBOTT LABORATORIES 0.1%

Value $468K Shares 4,733 Share Price $98.83 Est. Cost/Share $29.95 Unrealized @ Report Date +230.0%

SB SAFE BULKERS INC 0.0%

Value $141K Shares 16,500 Share Price $8.54 Est. Cost/Share $3.31 Unrealized @ Report Date +158.3%

SO SOUTHERN CO 0.0%

Value $231K Shares 2,792 Share Price $82.89 Est. Cost/Share $27.42 Unrealized @ Report Date +202.3%

SLM SLM CORP 0.0%

Value $237K Shares 10,475 Share Price $22.63 Est. Cost/Share $21.55 Unrealized @ Report Date +5.0%

PK PARK HOTELS & RESORTS INC 0.1%

Value $456K Shares 29,550 Share Price $15.42 Est. Cost/Share $14.25 Unrealized @ Report Date —

MCK MCKESSON CORP 0.0%

Value $301K Shares 352 Share Price $853.81 Est. Cost/Share $892.45 Unrealized @ Report Date -4.3%

HSY HERSHEY CO 0.0%

Value $293K Shares 1,860 Share Price $157.61 Est. Cost/Share $161.62 Unrealized @ Report Date -2.5%

DJCO DAILY JOURNAL CORP 0.1%

Value $445K Shares 689 Share Price $646.22 Est. Cost/Share $220.08 Unrealized @ Report Date +193.6%

ADMA ADMA BIOLOGICS INC 0.0%

Value $178K Shares 17,700 Share Price $10.03 Est. Cost/Share $9.12 Unrealized @ Report Date +10.0%

GASS STEALTHGAS INC 0.0%

Value $238K Shares 26,500 Share Price $8.98 Est. Cost/Share $5.73 Unrealized @ Report Date +56.8%

PSLV SPROTT ASSET MANAGEMENT LP 0.2%

Value $1.003M Shares 51,774 Share Price $19.37 Est. Cost/Share $6.44 Unrealized @ Report Date —

FTI TECHNIPFMC PLC 0.2%

Value $1.084M Shares 15,962 Share Price $67.92 Est. Cost/Share $7.68 Unrealized @ Report Date +784.8%

CNA CNA FINL CORP 0.0%

Value $311K Shares 6,931 Share Price $44.88 Est. Cost/Share $15.22 Unrealized @ Report Date +195.0%

UHAL U HAUL HOLDING COMPANY 0.0%

Value $244K Shares 4,049 Share Price $60.17 Est. Cost/Share $54.84 Unrealized @ Report Date +9.7%

DIHP DIMENSIONAL ETF TRUST 0.2%

Value $1.449M Shares 43,009 Share Price $33.69 Est. Cost/Share $22.64 Unrealized @ Report Date +48.8%

DD DUPONT DE NEMOURS INC 0.1%

Value $523K Shares 4,025 Share Price $129.89 Est. Cost/Share $135.64 Unrealized @ Report Date —

OSCR OSCAR HEALTH INC 0.0%

Value $308K Shares 9,975 Share Price $30.84 Est. Cost/Share $21.53 Unrealized @ Report Date +43.3%

BTE BAYTEX ENERGY CORP 0.0%

Value $187K Shares 41,280 Share Price $4.53 Est. Cost/Share $4.62 Unrealized @ Report Date -1.9%

HCC WARRIOR MET COAL INC 0.0%

Value $277K Shares 3,150 Share Price $88.07 Est. Cost/Share $57.14 Unrealized @ Report Date +54.1%

VTRS VIATRIS INC 0.0%

Value $195K Shares 11,000 Share Price $17.72 Est. Cost/Share $8.74 Unrealized @ Report Date +102.8%

VTOL BRISTOW GROUP INC 0.1%

Value $940K Shares 23,090 Share Price $40.72 Est. Cost/Share $28.56 Unrealized @ Report Date +42.6%

OEC ORION S.A. 0.0%

Value $108K Shares 19,240 Share Price $5.62 Est. Cost/Share $13.02 Unrealized @ Report Date -56.8%

CL COLGATE PALMOLIVE CO 0.0%

Value $256K Shares 3,000 Share Price $85.32 Est. Cost/Share $90.04 Unrealized @ Report Date -5.2%

COST COSTCO WHOLESALE CORPORATION 0.1%

Value $881K Shares 968 Share Price $910.34 Est. Cost/Share $247.34 Unrealized @ Report Date +268.1%

EXE EXPAND ENERGY CORPORATION 0.0%

Value $219K Shares 2,601 Share Price $84.09 Est. Cost/Share $109.10 Unrealized @ Report Date -22.9%

IART INTEGRA LIFESCIENCES HLDGS C 0.0%

Value $174K Shares 10,700 Share Price $16.28 Est. Cost/Share $10.97 Unrealized @ Report Date +48.4%

ARCO ARCOS DORADOS HLDGS INC 0.0%

Value $138K Shares 19,300 Share Price $7.15 Est. Cost/Share $7.31 Unrealized @ Report Date -2.1%

CEF SPROTT ASSET MANAGEMENT LP 0.1%

Value $511K Shares 12,291 Share Price $41.54 Est. Cost/Share $17.21 Unrealized @ Report Date —

CRON CRONOS GROUP INC 0.0%

Value $98,423 Shares 29,825 Share Price $3.30 Est. Cost/Share $1.90 Unrealized @ Report Date +74.1%

ITW ILLINOIS TOOL WKS INC 0.0%

Value $283K Shares 1,100 Share Price $257.28 Est. Cost/Share $237.16 Unrealized @ Report Date +8.5%

VTIP VANGUARD MALVERN FDS 0.1%

Value $689K Shares 14,002 Share Price $49.22 Est. Cost/Share $51.49 Unrealized @ Report Date -4.4%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.8%

Value $5.229M Shares 7 Share Price $747005.00 Est. Cost/Share $283601.72 Unrealized @ Report Date +163.4%

VIGI VANGUARD WHITEHALL FDS 0.2%

Value $980K Shares 10,384 Share Price $94.42 Est. Cost/Share $77.53 Unrealized @ Report Date +21.8%

RPRX ROYALTY PHARMA PLC 0.0%

Value $266K Shares 4,550 Share Price $58.36 Est. Cost/Share $43.79 Unrealized @ Report Date +33.3%

TWI TITAN INTL INC ILL 0.0%

Value $74,173 Shares 10,940 Share Price $6.78 Est. Cost/Share $7.20 Unrealized @ Report Date -5.9%

CSW CSW INDUSTRIALS INC 0.0%

Value $297K Shares 1,030 Share Price $288.08 Est. Cost/Share $133.41 Unrealized @ Report Date +115.9%

VYMI VANGUARD WHITEHALL FDS 0.1%

Value $333K Shares 3,290 Share Price $101.13 Est. Cost/Share $57.38 Unrealized @ Report Date +76.3%

VONV VANGUARD SCOTTSDALE FDS 0.1%

Value $519K Shares 4,772 Share Price $108.70 Est. Cost/Share $63.89 Unrealized @ Report Date +70.1%

M MACYS INC 0.0%

Value $228K Shares 10,000 Share Price $22.77 Est. Cost/Share $11.59 Unrealized @ Report Date +96.5%

CWBC COMMUNITY WEST BANCSHARES NE 0.0%

Value $215K Shares 8,247 Share Price $26.04 Est. Cost/Share $24.34 Unrealized @ Report Date +7.0%

DFAI DIMENSIONAL ETF TRUST 0.3%

Value $1.643M Shares 39,657 Share Price $41.43 Est. Cost/Share $28.63 Unrealized @ Report Date +44.7%

ARQ ARQ INC 0.0%

Value $22,318 Shares 11,300 Share Price $1.98 Est. Cost/Share $5.02 Unrealized @ Report Date -60.6%

KOS KOSMOS ENERGY LTD 0.0%

Value $28,448 Shares 11,200 Share Price $2.54 Est. Cost/Share $2.93 Unrealized @ Report Date -13.3%

REI RING ENERGY INC 0.0%

Value $26,200 Shares 20,000 Share Price $1.31 Est. Cost/Share $1.50 Unrealized @ Report Date -12.7%

NSC NORFOLK SOUTHN CORP 0.0%

Value $225K Shares 729 Share Price $309.00 Est. Cost/Share $308.32 Unrealized @ Report Date +0.2%

VEA VANGUARD TAX-MANAGED FDS 0.0%

Value $277K Shares 3,917 Share Price $70.61 Est. Cost/Share $43.73 Unrealized @ Report Date +61.5%

DFEV DIMENSIONAL ETF TRUST 0.1%

Value $385K Shares 9,070 Share Price $42.40 Est. Cost/Share $21.95 Unrealized @ Report Date +93.1%

TRGP TARGA RES CORP 0.0%

Value $302K Shares 1,116 Share Price $270.31 Est. Cost/Share $168.08 Unrealized @ Report Date +60.8%

DOW DOW HLDGS INC 0.1%

Value $330K Shares 11,975 Share Price $27.54 Est. Cost/Share $36.37 Unrealized @ Report Date -24.3%

LGO LARGO INC 0.0%

Value $6,734 Shares 13,850 Share Price $0.49 Est. Cost/Share $1.19 Unrealized @ Report Date -58.7%

LAD LITHIA MTRS INC 0.0%

Value $219K Shares 752 Share Price $291.70 Est. Cost/Share $284.19 Unrealized @ Report Date +2.7%

RRC RANGE RES CORP 0.0%

Value $234K Shares 6,330 Share Price $37.04 Est. Cost/Share $33.07 Unrealized @ Report Date +12.0%

UTHR UNITED THERAPEUTICS CORP DEL 0.0%

Value $244K Shares 450 Share Price $541.89 Est. Cost/Share $465.69 Unrealized @ Report Date +16.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
JEF	JEFFERIES FINANCIAL GROUP IN	619,917	$28.35M	4.4%	$45.73	$20.85	+119.4%	COM	47233W109
CVE	CENOVUS ENERGY INC	367,795	$11.43M	1.8%	$31.08	$15.68	+98.2%	COM	15135U109
L	LOEWS CORP	256,765	$26.81M	4.2%	$104.43	$43.67	+139.1%	COM	540424108
CNQ	CANADIAN NAT RES LTD MED TER	237,682	$11.19M	1.7%	$47.07	$26.12	+80.2%	COM	136385101
WRB	BERKLEY W R CORP	638,546	$43.13M	6.7%	$67.54	$35.08	+92.5%	COM	084423102
WTM	WHITE MTNS INS GROUP LTD	22,147	$44.44M	6.9%	$2006.51	$678.48	+195.7%	COM	G9618E107
AVUV	AMERICAN CENTY ETF TR	164,708	$19.4M	3.0%	$117.77	$75.63	+55.7%	US SML CP VALU	025072877
TPL	TEXAS PACIFIC LAND CORPORATI	7,965	$2.595M	0.4%	$325.82	$255.55	+27.5%	COM	88262P102
AVDV	AMERICAN CENTY ETF TR	134,349	$14.7M	2.3%	$109.38	$63.21	+73.1%	INTL SMCP VLU	025072802
NMM	NAVIOS MARITIME PARTNERS LP	42,641	$3.834M	0.6%	$89.91	$30.17	—	COM UNIT LPI	Y62267409
TDW	TIDEWATER INC NEW	49,433	$4.009M	0.6%	$81.10	$31.08	+161.0%	COM	88642R109
LUMN	LUMEN TECHNOLOGIES INC	322,894	$1.808M	0.3%	$5.60	$6.46	-13.3%	COM	550241103
UHAL/B	U HAUL HOLDING COMPANY	115,982	$6.13M	1.0%	$52.85	$55.03	-4.0%	COM SER N	023586506
DFIV	DIMENSIONAL ETF TRUST	275,284	$15.38M	2.4%	$55.86	$35.69	+56.5%	INTERNATNAL VAL	25434V807
AMGN	AMGEN INC	7,674	$3.235M	0.5%	$421.51	$168.22	+150.6%	COM	031162100
—	ROYCE MICRO-CAP TR INC	344,409	$4.629M	0.7%	$13.44	$9.27	—	COM	780915104
COP	CONOCOPHILLIPS	16,473	$2.062M	0.3%	$125.15	$41.74	+199.8%	COM	20825C104
JNJ	JOHNSON & JOHNSON	28,005	$7.414M	1.2%	$264.74	$95.20	+178.1%	COM	478160104
NVR	NVR INC	526	$3.237M	0.5%	$6154.39	$4196.32	+46.7%	COM	62944T105
SU	SUNCOR ENERGY INC NEW	22,535	$1.529M	0.2%	$67.87	$21.38	+217.5%	COM	867224107
BR	BROADRIDGE FINL SOLUTIONS IN	10,802	$1.74M	0.3%	$161.10	$33.06	+387.3%	COM	11133T103
MRK	MERCK & CO INC	15,179	$2.206M	0.3%	$145.31	$82.73	+75.6%	COM	58933Y105
Q	QNITY ELECTRONICS INC	6,440	$810K	0.1%	$125.74	$89.08	+41.2%	COMMON STOCK	74743L100
VAL	VALARIS LTD	36,417	$2.859M	0.4%	$78.52	$52.01	+51.0%	CL A	G9460G101
DISV	DIMENSIONAL ETF TRUST	68,255	$2.955M	0.5%	$43.29	$20.91	+107.0%	INTL SMALL CAP V	25434V781
QURE	UNIQURE NV	8,465	$205K	0.0%	$24.16	$26.18	-7.7%	SHS	N90064101
SCHW	CHARLES SCHWAB CORP (THE)	30,949	$3.025M	0.5%	$97.74	$49.84	+96.1%	COM	808513105
NTR	NUTRIEN LTD	23,070	$1.621M	0.3%	$70.25	$55.64	+26.2%	COM	67077M108
JOE	ST JOE CO	49,752	$3.273M	0.5%	$65.78	$31.79	+106.9%	COM	790148100
AXP	AMERICAN EXPRESS CO	4,327	$1.316M	0.2%	$304.09	$57.26	+431.1%	COM	025816109
EWJV	ISHARES TR	30,699	$1.489M	0.2%	$48.51	$32.54	+49.1%	MSCI JP VALUE	46435U374
IEO	ISHARES TR	5,745	$758K	0.1%	$131.99	$82.03	+60.9%	US OIL GS EX ETF	464288851
IDT	IDT CORP	5,598	$448K	0.1%	$79.97	$30.90	+158.8%	CL B NEW	448947507
CSL	CARLISLE COS INC	2,965	$955K	0.1%	$322.17	$367.43	-12.3%	COM	142339100
DMLP	DORCHESTER MINERALS L P	42,587	$1.194M	0.2%	$28.04	$15.51	—	COM UNIT	25820R105
TTI	TETRA TECHNOLOGIES INC DEL	22,000	$129K	0.0%	$5.87	$1.63	+260.8%	COM	88162F105
SBR	SABINE RTY TR	23,165	$1.602M	0.3%	$69.15	$36.56	—	UNIT BEN INT	785688102
FITB	FIFTH THIRD BANCORP	17,880	$904K	0.1%	$50.58	$39.02	+29.6%	COM	316773100
IMO	IMPERIAL OIL LTD	8,435	$1.038M	0.2%	$123.05	$19.43	+533.4%	COM NEW	453038408
COF	CAPITAL ONE FINL CORP	12,944	$2.499M	0.4%	$193.07	$191.29	+0.9%	COM	14040H105
CTVA	CORTEVA INC	12,378	$961K	0.2%	$77.65	$26.67	+191.1%	COM	22052L104
SJT	SAN JUAN BASIN RTY TR	184,236	$672K	0.1%	$3.65	$9.54	—	UNIT BEN INT	798241105
KELYA	KELLY SVCS INC	19,800	$321K	0.1%	$16.21	$10.41	+55.8%	CL A	488152208
GLRE	GREENLIGHT CAP RE LTD	45,710	$663K	0.1%	$14.50	$13.38	+8.3%	CLASS A	G4095J109
WMB	WILLIAMS COS INC	11,430	$777K	0.1%	$67.97	$17.41	+290.5%	COM	969457100
RPM	RPM INTL INC	6,000	$592K	0.1%	$98.67	$109.97	-10.3%	COM	749685103
—	ROYCE SMALL CAP TRUST INC	51,232	$878K	0.1%	$17.13	$15.28	—	COM	780910105
EQT	EQT CORP	14,932	$725K	0.1%	$48.56	$18.07	+168.7%	COM	26884L109
AEM	AGNICO EAGLE MINES LTD	2,433	$446K	0.1%	$183.27	$94.57	+93.8%	COM	008474108
TSLA	TESLA INC	1,032	$366K	0.1%	$354.81	$340.85	+4.1%	COM	88160R101
CAT	CATERPILLAR INC	257	$209K	0.0%	$811.55	$878.47	-7.7%	COM	149123101
OIH	VANECK ETF TRUST	10,028	$3.794M	0.6%	$378.35	$262.35	+44.2%	OIL SERVICES ETF	92189H607
PPG	PPG INDS INC	3,000	$313K	0.0%	$104.33	$106.34	-1.9%	COM	693506107
APD	AIR PRODUCTS AND CHEMICALS I	3,854	$1.072M	0.2%	$278.23	$64.78	+329.5%	COM	009158106
AMCX	AMC GLOBAL MEDIA INC	28,950	$338K	0.1%	$11.66	$7.78	+49.8%	CL A	00164V103
CRC	CALIFORNIA RES CORP	22,539	$1.145M	0.2%	$50.80	$19.84	+156.1%	COM STOCK	13057Q305
BSM	BLACK STONE MINERALS L P	130,976	$1.876M	0.3%	$14.32	$11.84	—	COM UNIT	09225M101
GEOS	GEOSPACE TECHNOLOGIES CORP	24,485	$120K	0.0%	$4.89	$10.49	-53.4%	COM	37364X109
OSG	OCTAVE SPECIALTY GROUP INC	21,450	$88,803	0.0%	$4.14	$14.11	-70.7%	COM NEW	023139884
SRE	SEMPRA	2,666	$208K	0.0%	$77.96	$54.12	+44.0%	COM	816851109
GD	GENERAL DYNAMICS CORP	2,045	$679K	0.1%	$331.83	$56.44	+487.9%	COM	369550108
GHC	GRAHAM HLDGS CO	3,342	$3.792M	0.6%	$1134.77	$421.67	+169.1%	COM CL B	384637104
ABT	ABBOTT LABORATORIES	4,733	$468K	0.1%	$98.83	$29.95	+230.0%	COM	002824100
SB	SAFE BULKERS INC	16,500	$141K	0.0%	$8.54	$3.31	+158.3%	COM	Y7388L103
SO	SOUTHERN CO	2,792	$231K	0.0%	$82.89	$27.42	+202.3%	COM	842587107
SLM	SLM CORP	10,475	$237K	0.0%	$22.63	$21.55	+5.0%	COM	78442P106
PK	PARK HOTELS & RESORTS INC	29,550	$456K	0.1%	$15.42	$14.25	—	COM	700517105
MCK	MCKESSON CORP	352	$301K	0.0%	$853.81	$892.45	-4.3%	COM	58155Q103
HSY	HERSHEY CO	1,860	$293K	0.0%	$157.61	$161.62	-2.5%	COM	427866108
DJCO	DAILY JOURNAL CORP	689	$445K	0.1%	$646.22	$220.08	+193.6%	COM	233912104
ADMA	ADMA BIOLOGICS INC	17,700	$178K	0.0%	$10.03	$9.12	+10.0%	COM	000899104
GASS	STEALTHGAS INC	26,500	$238K	0.0%	$8.98	$5.73	+56.8%	SHS	Y81669106
PSLV	SPROTT ASSET MANAGEMENT LP	51,774	$1.003M	0.2%	$19.37	$6.44	—	PHYSICAL SILVER	85207K107
FTI	TECHNIPFMC PLC	15,962	$1.084M	0.2%	$67.92	$7.68	+784.8%	COM	G87110105
CNA	CNA FINL CORP	6,931	$311K	0.0%	$44.88	$15.22	+195.0%	COM	126117100
UHAL	U HAUL HOLDING COMPANY	4,049	$244K	0.0%	$60.17	$54.84	+9.7%	COM	023586100
DIHP	DIMENSIONAL ETF TRUST	43,009	$1.449M	0.2%	$33.69	$22.64	+48.8%	INTL HIGH PROFIT	25434V765
DD	DUPONT DE NEMOURS INC	4,025	$523K	0.1%	$129.89	$135.64	—	COMMON STOCK	26614N201
OSCR	OSCAR HEALTH INC	9,975	$308K	0.0%	$30.84	$21.53	+43.3%	CL A	687793109
BTE	BAYTEX ENERGY CORP	41,280	$187K	0.0%	$4.53	$4.62	-1.9%	COM	07317Q105
HCC	WARRIOR MET COAL INC	3,150	$277K	0.0%	$88.07	$57.14	+54.1%	COM	93627C101
VTRS	VIATRIS INC	11,000	$195K	0.0%	$17.72	$8.74	+102.8%	COM	92556V106
VTOL	BRISTOW GROUP INC	23,090	$940K	0.1%	$40.72	$28.56	+42.6%	COM	11040G103
OEC	ORION S.A.	19,240	$108K	0.0%	$5.62	$13.02	-56.8%	COM	L72967109
CL	COLGATE PALMOLIVE CO	3,000	$256K	0.0%	$85.32	$90.04	-5.2%	COM	194162103
COST	COSTCO WHOLESALE CORPORATION	968	$881K	0.1%	$910.34	$247.34	+268.1%	COM	22160K105
EXE	EXPAND ENERGY CORPORATION	2,601	$219K	0.0%	$84.09	$109.10	-22.9%	COM	165167735
IART	INTEGRA LIFESCIENCES HLDGS C	10,700	$174K	0.0%	$16.28	$10.97	+48.4%	COM NEW	457985208
ARCO	ARCOS DORADOS HLDGS INC	19,300	$138K	0.0%	$7.15	$7.31	-2.1%	SHS CLASS -A -	G0457F107
CEF	SPROTT ASSET MANAGEMENT LP	12,291	$511K	0.1%	$41.54	$17.21	—	PHYSICAL GOLD AN	85208R101
CRON	CRONOS GROUP INC	29,825	$98,423	0.0%	$3.30	$1.90	+74.1%	COM	22717L101
ITW	ILLINOIS TOOL WKS INC	1,100	$283K	0.0%	$257.28	$237.16	+8.5%	COM	452308109
VTIP	VANGUARD MALVERN FDS	14,002	$689K	0.1%	$49.22	$51.49	-4.4%	STRM INFPROIDX	922020805
BRK/A	BERKSHIRE HATHAWAY INC DEL	7	$5.229M	0.8%	$747005.00	$283601.72	+163.4%	CL A	084670108
VIGI	VANGUARD WHITEHALL FDS	10,384	$980K	0.2%	$94.42	$77.53	+21.8%	INTL DVD ETF	921946810
RPRX	ROYALTY PHARMA PLC	4,550	$266K	0.0%	$58.36	$43.79	+33.3%	SHS CLASS A	G7709Q104
TWI	TITAN INTL INC ILL	10,940	$74,173	0.0%	$6.78	$7.20	-5.9%	COM	88830M102
CSW	CSW INDUSTRIALS INC	1,030	$297K	0.0%	$288.08	$133.41	+115.9%	COM	126402106
VYMI	VANGUARD WHITEHALL FDS	3,290	$333K	0.1%	$101.13	$57.38	+76.3%	INTL HIGH ETF	921946794
VONV	VANGUARD SCOTTSDALE FDS	4,772	$519K	0.1%	$108.70	$63.89	+70.1%	VNG RUS1000VAL	92206C714
M	MACYS INC	10,000	$228K	0.0%	$22.77	$11.59	+96.5%	COM	55616P104
CWBC	COMMUNITY WEST BANCSHARES NE	8,247	$215K	0.0%	$26.04	$24.34	+7.0%	COM	203937107
DFAI	DIMENSIONAL ETF TRUST	39,657	$1.643M	0.3%	$41.43	$28.63	+44.7%	INTL CORE EQT MK	25434V203
ARQ	ARQ INC	11,300	$22,318	0.0%	$1.98	$5.02	-60.6%	COM	00770C101
KOS	KOSMOS ENERGY LTD	11,200	$28,448	0.0%	$2.54	$2.93	-13.3%	COM	500688106
REI	RING ENERGY INC	20,000	$26,200	0.0%	$1.31	$1.50	-12.7%	COM	76680V108
NSC	NORFOLK SOUTHN CORP	729	$225K	0.0%	$309.00	$308.32	+0.2%	COM	655844108
VEA	VANGUARD TAX-MANAGED FDS	3,917	$277K	0.0%	$70.61	$43.73	+61.5%	VAN FTSE DEV MKT	921943858
DFEV	DIMENSIONAL ETF TRUST	9,070	$385K	0.1%	$42.40	$21.95	+93.1%	EMERGING MKTS VA	25434V740
TRGP	TARGA RES CORP	1,116	$302K	0.0%	$270.31	$168.08	+60.8%	COM	87612G101
DOW	DOW HLDGS INC	11,975	$330K	0.1%	$27.54	$36.37	-24.3%	COM	260557103
LGO	LARGO INC	13,850	$6,734	0.0%	$0.49	$1.19	-58.7%	COM	517097101
LAD	LITHIA MTRS INC	752	$219K	0.0%	$291.70	$284.19	+2.7%	COM	536797103
RRC	RANGE RES CORP	6,330	$234K	0.0%	$37.04	$33.07	+12.0%	COM	75281A109
UTHR	UNITED THERAPEUTICS CORP DEL	450	$244K	0.0%	$541.89	$465.69	+16.4%	COM	91307C102