| BRK.B Berkshire Hathaway Inc. Class B | 16.21% | 100,095 | $50.3M | Reduce -6.1% |
| COST Costco Wholesale Corp. | 15.90% | 57,198 | $49.3M | Reduce -1.2% |
| V Visa Inc. Class A | 10.47% | 92,651 | $32.5M | Reduce -2.4% |
| AAPL Apple Inc. | 10.14% | 115,715 | $31.5M | Reduce -3.7% |
| AXP American Express Co. | 4.01% | 33,635 | $12.4M | Reduce -3.9% |
| FWONK Liberty Media Corp.-Liberty-C | 3.44% | 108,329 | $10.7M | Reduce -1.9% |
| GOOG Alphabet Inc. Class C | 3.38% | 33,419 | $10.5M | No change |
| MA Mastercard Inc. Class A | 3.19% | 17,323 | $9.9M | No change |
| AMZN Amazon.com Inc. | 3.10% | 41,729 | $9.6M | Reduce -0.2% |
| UNP Union Pacific Corp. | 2.82% | 37,810 | $8.7M | Add +5.2% |
| GOOGL Alphabet Inc. Class A | 2.66% | 26,330 | $8.2M | Reduce -3.4% |
| ONON On Holding AG Class A filed as ON HLDG AG | 2.32% | 154,890 | $7.2M | Reduce -8.4% |
| PKG Packaging Corp. of America | 2.28% | 34,302 | $7.1M | Reduce -2.8% |
| LIBERTY MEDIA CORP-BRAVES C filed as ATLANTA BRAVES HLDGS INCCLASS SERIES C | 1.99% | 156,357 | $6.2M | Reduce -23.3% |
| GDX Market Vectors Gold Miners ETF | 1.48% | 53,385 | $4.6M | Reduce -1.2% |
| MU Micron Technology Inc. | 1.10% | 11,940 | $3.4M | Reduce -4.6% |
| WCC Wesco International Inc. | 1.09% | 13,763 | $3.4M | Reduce -0.2% |
| FERG Ferguson Enterprises Inc. | 1.06% | 14,773 | $3.3M | Reduce -1.3% |
| GDXJ Vaneck Junior Gold Miners | 1.04% | 28,266 | $3.2M | Reduce -0.2% |
| RTX RTX Corp. | 1.03% | 17,373 | $3.2M | Reduce -7.7% |
| FFXDF Fairfax India Ho-Sub VTG SHS | 0.72% | 127,765 | $2.2M | Add +51.5% |
| GLD SPDR Gold Shares | 0.62% | 4,876 | $1.9M | Reduce -0.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.61% | 36,937 | $1.9M | Reduce -18.2% |
| MSFT Microsoft Corp. | 0.56% | 3,604 | $1.7M | No change |
| CAVA Cava Group Inc. | 0.55% | 28,957 | $1.7M | New |
| LLY Eli Lilly & Co. | 0.51% | 1,480 | $1.6M | No change |
| GHC Graham Holdings Co. Class B | 0.50% | 1,409 | $1.5M | Reduce -12.2% |
| LHX L3HARRIS Technologies Inc. | 0.49% | 5,180 | $1.5M | Reduce -3.7% |
| SBUX Starbucks Corp. | 0.48% | 17,521 | $1.5M | Reduce -12.6% |
| A Agilent Technologies Inc. | 0.47% | 10,705 | $1.5M | Reduce -8.8% |
| TER Teradyne Inc. | 0.36% | 5,825 | $1.1M | No change |
| DE Deere & Co. | 0.35% | 2,350 | $1.1M | No change |
| DHI D.R. Horton Inc. | 0.35% | 7,575 | $1.1M | No change |
| CB Chubb Corp. | 0.34% | 3,387 | $1.1M | Reduce -1.9% |
| NOC Northrop Grumman Corp. | 0.31% | 1,705 | $972K | Reduce -26.2% |
| ABT Abbott Laboratories | 0.30% | 7,478 | $937K | No change |
| NSC Norfolk Southern Corp. | 0.29% | 3,150 | $909K | Reduce -3.5% |
| EADSF Airbus SE | 0.29% | 3,845 | $896K | No change |
| ABBV Abbvie Inc. | 0.26% | 3,573 | $816K | Reduce -0.9% |
| EFX Equifax Inc. | 0.25% | 3,600 | $781K | No change |
| LMT Lockheed Martin Corp. | 0.25% | 1,577 | $763K | Reduce -5.7% |
| JNJ Johnson & Johnson | 0.21% | 3,106 | $643K | No change |
| MGRC McGrath Rentcorp | 0.19% | 5,550 | $582K | No change |
| MKL Markel Group Inc. | 0.17% | 250 | $537K | No change |
| NVDA Nvidia Corp. | 0.17% | 2,870 | $535K | No change |
| AMRZ Amrize Ltd. | 0.17% | 9,740 | $527K | Reduce -4.1% |
| KEX Kirby Corp. | 0.14% | 4,000 | $441K | No change |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.14% | 9,030 | $422K | Reduce -18.2% |
| ABNB Airbnb Inc. Class A | 0.13% | 3,045 | $413K | Reduce -1.6% |
| POOL Pool Corp. | 0.13% | 1,786 | $409K | Add +28.0% |
| OHI Omega Healthcare Investors | 0.13% | 9,000 | $399K | No change |
| LEN Lennar Corp. Class A | 0.12% | 3,607 | $371K | No change |
| EPD Enterprise Products Partners | 0.11% | 10,690 | $343K | Reduce -14.4% |
| HOLX Hologic Inc. | 0.11% | 4,600 | $343K | No change |
| XYL Xylem Inc. | 0.10% | 2,330 | $317K | No change |
| ADP Automatic Data Processing | 0.09% | 1,136 | $292K | No change |
| GE General Electric Company filed as GE Aerospace | 0.09% | 940 | $290K | No change |
| SPB Spectrum Brands Holdings Inc. | 0.08% | 4,353 | $257K | Reduce -15.9% |
| CVX Chevron Corp. | 0.08% | 1,540 | $235K | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.07% | 1,886 | $219K | No change |
| GCI LIBERTY INC XXX SUBMITTED FOR ESCROW CL A filed as ESC GCI LIBERTY INC SHS | 0.00% | 12,350 | $0 | No change |