Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CROX	CROCS INC	160,316	$19.34M	1.4%	—	—	COM	227046109
TME	TENCENT MUSIC ENTMT GROUP	1,054,403	$8.913M	0.7%	—	—	SPON ADS	88034P109
BRK/A	BERKSHIRE HATHAWAY INC DEL	1	$749K	0.1%	—	—	CL A	084670108
GOOG	ALPHABET INC	815	$288K	0.0%	—	—	CAP STK CL C	02079K107
SYK	STRYKER CORPORATION	803	$253K	0.0%	—	—	COM	863667101
USFD	US FOODS HLDG CORP	2,137	$219K	0.0%	—	—	COM	912008109
GOOGL	ALPHABET INC	605	$216K	0.0%	—	—	CAP STK CL A	02079K305
AMZN	AMAZON COM INC	851	$203K	0.0%	—	—	COM	023135106

Increased Positions (10)

BABA ALIBABA GROUP HLDG LTD 15.7%

Value $213M (-21.5%) Shares 2,217,364 (+2.6%) Est. Cost — Unrealized —

LULU LULULEMON ATHLETICA INC 2.0%

Value $26.9M (+139.4%) Shares 235,581 (+221.0%) Est. Cost — Unrealized —

SGOV ISHARES TR 6.3%

Value $85.09M (+17.3%) Shares 845,240 (+17.3%) Est. Cost — Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 9.5%

Value $128M (+9.7%) Shares 255,944 (+5.1%) Est. Cost — Unrealized —

ADBE ADOBE INC 1.6%

Value $21.35M (+73.9%) Shares 104,151 (+106.2%) Est. Cost — Unrealized —

WHR WHIRLPOOL CORP 9.1%

Value $124M (-5.2%) Shares 3,140,419 (+29.6%) Est. Cost — Unrealized —

AAPL APPLE INC 0.2%

Value $2.269M (+22.8%) Shares 7,841 (+7.7%) Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 0.1%

Value $1.184M (+18.3%) Shares 5,919 (+3.1%) Est. Cost — Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.3%

Value $4.04M (-4.1%) Shares 4,319 (+2.2%) Est. Cost — Unrealized —

CVX CHEVRON CORPORATION 0.0%

Value $452K (-16.7%) Shares 2,728 (+4.0%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BABA	ALIBABA GROUP HLDG LTD	2,217,364 (+2.6%)	$213M (-21.5%)	15.7%	—	—	SPONSORED ADS	01609W102
LULU	LULULEMON ATHLETICA INC	235,581 (+221.0%)	$26.9M (+139.4%)	2.0%	—	—	COM	550021109
SGOV	ISHARES TR	845,240 (+17.3%)	$85.09M (+17.3%)	6.3%	—	—	0-3 MTH TREASURY	46436E718
BRK/B	BERKSHIRE HATHAWAY INC DEL	255,944 (+5.1%)	$128M (+9.7%)	9.5%	—	—	CL B NEW	084670702
ADBE	ADOBE INC	104,151 (+106.2%)	$21.35M (+73.9%)	1.6%	—	—	COM	00724F101
WHR	WHIRLPOOL CORP	3,140,419 (+29.6%)	$124M (-5.2%)	9.1%	—	—	COM	963320106
AAPL	APPLE INC	7,841 (+7.7%)	$2.269M (+22.8%)	0.2%	—	—	COM	037833100
NVDA	NVIDIA CORPORATION	5,919 (+3.1%)	$1.184M (+18.3%)	0.1%	—	—	COM	67066G104
COST	COSTCO WHOLESALE CORPORATION	4,319 (+2.2%)	$4.04M (-4.1%)	0.3%	—	—	COM	22160K105
CVX	CHEVRON CORPORATION	2,728 (+4.0%)	$452K (-16.7%)	0.0%	—	—	COM	166764100

Exited Positions (2)

FAF FIRST AMERN FINL CORP 0.1%

Value $1.752M Shares 29,057 Est. Cost — Unrealized —

WNC WABASH NATL CORP 0.0%

Value $477K Shares 55,375 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FAF	FIRST AMERN FINL CORP	29,057	$1.752M	0.1%	—	—	—	31847R102
WNC	WABASH NATL CORP	55,375	$477K	0.0%	—	—	—	929566107

Decreased Positions (16)

DJCO DAILY JOURNAL CORP 15.7%

Value $213M (+22.5%) Shares 354,295 (-1.7%) Est. Cost — Unrealized —

CRI CARTERS INC 4.4%

Value $59.44M (-29.0%) Shares 1,444,045 (-38.4%) Est. Cost — Unrealized —

KHC KRAFT HEINZ CO 4.1%

Value $55.5M (-23.0%) Shares 2,349,610 (-26.7%) Est. Cost — Unrealized —

PII POLARIS INC 2.5%

Value $34.17M (-29.4%) Shares 499,211 (-43.8%) Est. Cost — Unrealized —

XOM EXXON MOBIL CORP 3.0%

Value $41.22M (-24.4%) Shares 301,524 (-6.2%) Est. Cost — Unrealized —

AMCX AMC GLOBAL MEDIA INC 1.0%

Value $13.99M (+35.3%) Shares 1,401,949 (-7.9%) Est. Cost — Unrealized —

HELE HELEN OF TROY LTD 1.0%

Value $13.8M (-18.5%) Shares 474,611 (-59.6%) Est. Cost — Unrealized —

WFC WELLS FARGO & CO 10.3%

Value $139M (+1.3%) Shares 1,680,197 (-2.4%) Est. Cost — Unrealized —

WGO WINNEBAGO INDS INC 0.3%

Value $4.054M (-21.3%) Shares 129,757 (-21.9%) Est. Cost — Unrealized —

ACN ACCENTURE PLC IRELAND 0.0%

Value $493K (-40.2%) Shares 3,960 (-4.6%) Est. Cost — Unrealized —

HRB BLOCK H & R INC 0.8%

Value $11.28M (-1.4%) Shares 296,272 (-17.8%) Est. Cost — Unrealized —

FOXF FOX FACTORY HLDG CORP 6.7%

Value $91.19M (+0.1%) Shares 5,381,694 (-2.7%) Est. Cost — Unrealized —

RSG REPUBLIC SVCS INC 0.1%

Value $1.28M (-3.9%) Shares 6,006 (-1.2%) Est. Cost — Unrealized —

IVV ISHARES TR 0.0%

Value $285K (+11.4%) Shares 381 (-2.8%) Est. Cost — Unrealized —

TBLL INVESCO EXCH TRADED FD TR II 0.1%

Value $1.233M (-2.0%) Shares 11,684 (-2.0%) Est. Cost — Unrealized —

ORCL ORACLE CORP 0.0%

Value $214K (-2.2%) Shares 1,460 (-1.8%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DJCO	DAILY JOURNAL CORP	354,295 (-1.7%)	$213M (+22.5%)	15.7%	—	—	COM	233912104
CRI	CARTERS INC	1,444,045 (-38.4%)	$59.44M (-29.0%)	4.4%	—	—	COM	146229109
KHC	KRAFT HEINZ CO	2,349,610 (-26.7%)	$55.5M (-23.0%)	4.1%	—	—	COM	500754106
PII	POLARIS INC	499,211 (-43.8%)	$34.17M (-29.4%)	2.5%	—	—	COM	731068102
XOM	EXXON MOBIL CORP	301,524 (-6.2%)	$41.22M (-24.4%)	3.0%	—	—	COM	30231G102
AMCX	AMC GLOBAL MEDIA INC	1,401,949 (-7.9%)	$13.99M (+35.3%)	1.0%	—	—	CL A	00164V103
HELE	HELEN OF TROY LTD	474,611 (-59.6%)	$13.8M (-18.5%)	1.0%	—	—	COM	G4388N106
WFC	WELLS FARGO & CO	1,680,197 (-2.4%)	$139M (+1.3%)	10.3%	—	—	COM	949746101
WGO	WINNEBAGO INDS INC	129,757 (-21.9%)	$4.054M (-21.3%)	0.3%	—	—	COM	974637100
ACN	ACCENTURE PLC IRELAND	3,960 (-4.6%)	$493K (-40.2%)	0.0%	—	—	SHS CLASS A	G1151C101
HRB	BLOCK H & R INC	296,272 (-17.8%)	$11.28M (-1.4%)	0.8%	—	—	COM	093671105
FOXF	FOX FACTORY HLDG CORP	5,381,694 (-2.7%)	$91.19M (+0.1%)	6.7%	—	—	COM	35138V102
RSG	REPUBLIC SVCS INC	6,006 (-1.2%)	$1.28M (-3.9%)	0.1%	—	—	COM	760759100
IVV	ISHARES TR	381 (-2.8%)	$285K (+11.4%)	0.0%	—	—	CORE S&P500 ETF	464287200
TBLL	INVESCO EXCH TRADED FD TR II	11,684 (-2.0%)	$1.233M (-2.0%)	0.1%	—	—	SHORT TERM ETF	46138G888
ORCL	ORACLE CORP	1,460 (-1.8%)	$214K (-2.2%)	0.0%	—	—	COM	68389X105

Unchanged Positions (6)

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value $1.794M Shares 6,378 Est. Cost — Unrealized —

MSFT MICROSOFT CORP 2.5%

Value $33.7M Shares 90,349 Est. Cost — Unrealized —

GILD GILEAD SCIENCES INC 0.1%

Value $906K Shares 7,169 Est. Cost — Unrealized —

SBUX STARBUCKS CORP 0.0%

Value $417K Shares 4,079 Est. Cost — Unrealized —

XPOF XPONENTIAL FITNESS INC 0.0%

Value $208K Shares 30,000 Est. Cost — Unrealized —

TJX TJX COS INC NEW 0.0%

Value $208K Shares 1,371 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IBM	INTERNATIONAL BUSINESS MACHS	6,378	$1.794M	0.1%	—	—	COM	459200101
MSFT	MICROSOFT CORP	90,349	$33.7M	2.5%	—	—	COM	594918104
GILD	GILEAD SCIENCES INC	7,169	$906K	0.1%	—	—	COM	375558103
SBUX	STARBUCKS CORP	4,079	$417K	0.0%	—	—	COM	855244109
XPOF	XPONENTIAL FITNESS INC	30,000	$208K	0.0%	—	—	COM CL A	98422X101
TJX	TJX COS INC NEW	1,371	$208K	0.0%	—	—	COM	872540109