| BRK.B Berkshire Hathaway Inc. Class B | 12.23% | 38,760 | $17.8M | No change |
| PM Philip Morris International | 8.83% | 106,167 | $12.9M | No change |
| VEA Vanguard Ftse Developed ETF | 8.43% | 233,000 | $12.3M | No change |
| BTI British American Tob-SP ADR | 7.89% | 314,531 | $11.5M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.90% | 15,000 | $8.6M | No change |
| BSM Black Stone Minerals LP | 5.68% | 548,698 | $8.3M | No change |
| CHKP Check Point Software Tech | 3.58% | 27,100 | $5.2M | Reduce -0.4% |
| CNQ Canadian Natural Resources | 3.54% | 155,403 | $5.2M | Add +89.8% |
| BLDR Builders Firstsource Inc. | 2.94% | 22,151 | $4.3M | Reduce -1.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 2.84% | 6 | $4.1M | No change |
| EPD Enterprise Products Partners | 2.78% | 139,372 | $4.1M | No change |
| SFM Sprouts Farmers Market Inc. | 2.76% | 36,500 | $4.0M | No change |
| BOXX Alpha Architect 1-3 MNTH Box | 2.48% | 33,195 | $3.6M | Add +2.9% |
| IBKR Interactive Brokers Gro Class A | 2.38% | 24,906 | $3.5M | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.37% | 48,150 | $3.5M | No change |
| JEF Jefferies Financial Group Inc. | 2.29% | 54,181 | $3.3M | Reduce -49.6% |
| VIRT Virtu Financial Inc. Class A | 1.72% | 82,582 | $2.5M | No change |
| LMT Lockheed Martin Corp. | 1.56% | 3,900 | $2.3M | No change |
| JPM JPMorgan Chase & Co. | 1.50% | 10,400 | $2.2M | No change |
| DVA Davita Inc. | 1.47% | 13,091 | $2.1M | No change |
| NTB Bank of N.T. Butterfield&son | 1.06% | 42,092 | $1.6M | No change |
| MKL Markel Group Inc. | 1.03% | 961 | $1.5M | No change |
| GOOG Alphabet Inc. Class C | 0.97% | 8,487 | $1.4M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.97% | 35,680 | $1.4M | No change |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 0.94% | 46,022 | $1.4M | No change |
| LILAK Liberty Latin Americ Class C | 0.90% | 137,754 | $1.3M | No change |
| HCC Warrior Met Coal Inc. | 0.85% | 19,432 | $1.2M | Add +213.5% |
| SLM SLM Corp. | 0.83% | 52,751 | $1.2M | Add +19.4% |
| TPB Turning Point Brands Inc. | 0.77% | 25,964 | $1.1M | No change |
| INSW International Seaways Inc. | 0.76% | 21,381 | $1.1M | No change |
| DHT DHT Holdings Inc. | 0.74% | 97,804 | $1.1M | No change |
| SMHI Seacor Marine Holdings Inc. | 0.71% | 107,862 | $1.0M | No change |
| STR Sitio Royalties Corp. Class A | 0.60% | 41,737 | $870K | No change |
| PKE Park Aerospace Corp. | 0.58% | 64,882 | $845K | No change |
| AFL Aflac Inc. | 0.57% | 7,500 | $839K | No change |
| UAN CVR Partners LP | 0.51% | 11,051 | $742K | No change |
| GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC | 0.50% | 16,600 | $733K | Add +31.3% |
| NEN New England Realty Assoc-LP | 0.49% | 8,636 | $717K | No change |
| CBOE Cboe Global Markets Inc. | 0.41% | 2,946 | $604K | No change |
| CLB Core Laboratories Inc. | 0.40% | 31,860 | $590K | No change |
| DEO Diageo PLC-Sponsored ADR | 0.38% | 3,989 | $560K | No change |
| TDW Tidewater Inc. | 0.38% | 7,653 | $549K | No change |
| RPRX Royalty Pharma PLC Class A | 0.37% | 19,190 | $543K | Add +26.6% |
| TRMD Torm PLC-A | 0.22% | 9,460 | $323K | No change |
| MAA Mid-America Apartment Comm | 0.22% | 2,008 | $319K | No change |
| BUR Burford Capital Ltd. | 0.21% | 23,291 | $309K | Add +20.9% |
| EXPD Expeditors Intl Wash Inc. | 0.20% | 2,200 | $289K | No change |
| CE Celanese Corp. | 0.19% | 2,000 | $272K | No change |
| AVAL Grupo Aval Acciones Y Valore | 0.04% | 31,113 | $63K | No change |