| Berkshire Hathaway Inc. | 167K | US$83.6M | 12.0% |
| Fairfax Financial Holdings Limited | 29,425 | US$48.5M | 7.0% |
| White Mountains Insurance Group, Ltd. | 22,218 | US$46.1M | 6.6% |
| W.r. Berkley Corporation | 636K | US$44.8M | 6.4% |
| Markel Group Inc. | 19,610 | US$38.3M | 5.5% |
| Jefferies Financial Group Inc. | 617K | US$30.8M | 4.4% |
| Loews Corporation | 256K | US$29M | 4.2% |
| Brookfield Corporation | 467K | US$19.9M | 2.9% |
| Canadian Natural Resources Limited | 236K | US$9.33M | 1.3% |
| Cenovus Energy Inc. | 367K | US$9.1M | 1.3% |
| Johnson & Johnson | 27,909 | US$7.09M | 1.0% |
| U-haul Holding Company | 121K | US$6.97M | 1.00% |
| Microsoft Corp. | 17,616 | US$6.57M | 0.94% |
| Occidental Petroleum Corporation | 134K | US$6.53M | 0.94% |
| Antero Resources Corporation | 162K | US$5.7M | 0.82% |
| Credit Acceptance Corporation | 8,376 | US$5.33M | 0.77% |
| Devon Energy Corporation | 120K | US$4.94M | 0.71% |
| Alpha Metallurgical Resources, Inc. | 26,459 | US$4.36M | 0.63% |
| Apple Inc | 14,285 | US$4.13M | 0.59% |
| Graham Holdings Company | 3,357 | US$3.83M | 0.55% |
| Halliburton Company | 108K | US$3.67M | 0.53% |
| Nvr, Inc. | 522 | US$3.56M | 0.51% |
| Texas Pacific Land Corporation | 8,040 | US$3.52M | 0.50% |
| Freeport-mcmoran, Inc. | 52,651 | US$3.31M | 0.47% |
| Tidewater Inc. | 49,433 | US$3.29M | 0.47% |
| Willscot Holdings Corporation | 109K | US$3.16M | 0.45% |
| Lennar Corporation | 34,590 | US$3.13M | 0.45% |
| St. Joe Company (the) | 49,827 | US$3.12M | 0.45% |
| Navios Maritime Partners Lp | 43,021 | US$3.01M | 0.43% |
| Charles Schwab Corporation (the) | 30,923 | US$2.85M | 0.41% |
| The Bank Of New York Mellon Corporation | 19,700 | US$2.85M | 0.41% |
| Customers Bancorp, Inc | 35,967 | US$2.84M | 0.41% |
| Amgen Inc. | 7,668 | US$2.78M | 0.40% |
| Valaris Limited | 36,417 | US$2.64M | 0.38% |
| Capital One Financial Corporation | 12,909 | US$2.59M | 0.37% |
| Vitesse Energy Inc. | 162K | US$2.56M | 0.37% |
| Lumen Technologies, Inc. | 321K | US$2.46M | 0.35% |
| Star Bulk Carriers Corp. | 97,991 | US$2.45M | 0.35% |
| Diversified Energy Company | 167K | US$2.32M | 0.33% |
| Ambev Sa | 705K | US$2.21M | 0.32% |
| First Citizens Bancshares, Inc. | 1,013 | US$2.11M | 0.30% |
| Crescent Energy Company | 208K | US$2.04M | 0.29% |
| Emerson Electric Company | 13,687 | US$1.96M | 0.28% |
| Merck & Company, Inc. | 15,118 | US$1.94M | 0.28% |
| Amentum Holdings, Inc. | 90,200 | US$1.86M | 0.27% |
| Black Stone Minerals, L.p. | 131K | US$1.83M | 0.26% |
| Sabine Royalty Trust | 23,325 | US$1.71M | 0.24% |
| Conocophillips | 16,384 | US$1.7M | 0.24% |
| American International Group, Inc. New | 21,145 | US$1.58M | 0.23% |
| Chevron Corporation | 9,315 | US$1.54M | 0.22% |
| Applied Materials, Inc. | 2,055 | US$1.49M | 0.21% |
| Broadridge Financial Solutions, Inc. | 10,699 | US$1.47M | 0.21% |
| American Express Company | 4,328 | US$1.46M | 0.21% |
| Nutrien Ltd. | 23,130 | US$1.46M | 0.21% |
| Broadcom Inc. | 3,408 | US$1.29M | 0.18% |
| Suncor Energy Inc. | 22,712 | US$1.22M | 0.17% |
| California Resources Corporation | 22,531 | US$1.19M | 0.17% |
| Air Products And Chemicals, Inc. | 3,830 | US$1.12M | 0.16% |
| Carlisle Companies Incorporated | 2,965 | US$1.08M | 0.15% |
| Dorchester Minerals, L.p. | 42,532 | US$1.07M | 0.15% |
| Qnity Electronics, Inc. | 6,440 | US$1.05M | 0.15% |
| Corteva, Inc. | 12,368 | US$1.05M | 0.15% |
| Nvidia Corporation | 5,220 | US$1.04M | 0.15% |
| Fifth Third Bancorp | 17,880 | US$1.01M | 0.14% |
| Bristow Group, Inc. | 23,231 | US$960K | 0.14% |
| Imperial Oil Limited | 8,435 | US$945K | 0.14% |
| Costco Wholesale Corporation | 962 | US$900K | 0.13% |
| Williams Companies, Inc. (the) | 11,480 | US$853K | 0.12% |
| Eqt Corporation | 14,926 | US$794K | 0.11% |
| Assured Guaranty Ltd. | 9,888 | US$793K | 0.11% |
| Greenlight Reinsurance, Ltd. | 45,710 | US$740K | 0.11% |
| International Seaways, Inc. | 9,419 | US$721K | 0.10% |
| General Dynamics Corporation | 2,029 | US$719K | 0.10% |
| Novartis Ag | 4,552 | US$713K | 0.10% |
| Rpm International Inc. | 6,000 | US$667K | 0.10% |
| Liberty Media Corporation - Series A Liberty Formula One | 6,764 | US$644K | 0.09% |
| U.s. Bancorp | 10,490 | US$634K | 0.09% |
| San Juan Basin Royalty Trust | 184K | US$591K | 0.08% |
| Alphabet Inc (google) Class C | 1,503 | US$537K | 0.08% |
| Capital Southwest Corporation | 21,979 | US$522K | 0.07% |
| Lockheed Martin Corporation | 950 | US$484K | 0.07% |
| Rtx Corporation | 2,497 | US$474K | 0.07% |
| Tesla, Inc. | 1,027 | US$432K | 0.06% |
| 3m Company | 2,650 | US$429K | 0.06% |
| Abbott Laboratories | 4,727 | US$429K | 0.06% |
| Park Hotels & Resorts Inc. | 29,550 | US$421K | 0.06% |
| Daily Journal Corp. (s.c.) | 689 | US$414K | 0.06% |
| Agnico Eagle Mines Limited | 2,433 | US$377K | 0.05% |
| Cable One, Inc. | 6,855 | US$364K | 0.05% |
| Ppg Industries, Inc. | 3,000 | US$364K | 0.05% |
| Qualcomm Incorporated | 1,910 | US$353K | 0.05% |
| Cna Financial Corporation | 6,931 | US$337K | 0.05% |
| Dow Inc. | 11,975 | US$328K | 0.05% |
| Idt Corporation | 5,618 | US$327K | 0.05% |
| The Hershey Company | 1,860 | US$326K | 0.05% |
| Targa Resources, Inc. | 1,116 | US$299K | 0.04% |
| Illinois Tool Works Inc. | 1,102 | US$298K | 0.04% |
| Bank Of America Corporation | 5,161 | US$294K | 0.04% |
| Electrovaya Inc. | 27,625 | US$290K | 0.04% |
| Amc Global Media Inc. | 28,950 | US$289K | 0.04% |