| WTM White Mountains Insurance GP | 20.09% | 82,077 | $147.3M | Reduce -2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 18.35% | 319,837 | $134.5M | Reduce -1.7% |
| GHC Graham Holdings Co. Class B | 17.84% | 170,311 | $130.7M | Reduce -2.1% |
| L Loews Corp. | 3.14% | 293,583 | $23.0M | Reduce -1.5% |
| JNJ Johnson & Johnson | 3.08% | 142,560 | $22.6M | Add +14.4% |
| LBTYA Liberty Global Ltd. Class A | 2.73% | 1,182,513 | $20.0M | Add +5.6% |
| LBTYK Liberty Global Ltd. Class C | 2.61% | 1,082,905 | $19.1M | Reduce -3.5% |
| RSG Republic Services Inc. | 2.57% | 98,505 | $18.9M | Reduce -2.0% |
| CABO Cable One Inc. | 2.55% | 44,129 | $18.7M | Reduce -0.3% |
| TRIP Tripadvisor Inc. | 2.20% | 580,912 | $16.1M | Reduce -1.4% |
| JOUT Johnson Outdoors Inc. Class A | 2.16% | 343,786 | $15.9M | Add +21.2% |
| GIS General Mills Inc. | 2.06% | 215,845 | $15.1M | Add +3.6% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 1.96% | 135,481 | $14.4M | Reduce -1.6% |
| UL Unilever PLC | 1.96% | 286,414 | $14.4M | Add +31.8% |
| AMG Affiliated Managers Group | 1.61% | 70,306 | $11.8M | Reduce -1.8% |
| CNX CNX Resources Corp. | 1.46% | 452,272 | $10.7M | Add +0.1% |
| EQC Equity Commonwealth | 1.41% | 546,310 | $10.3M | Reduce -3.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.30% | 15 | $9.5M | No change |
| MHK Mohawk Industries Inc. | 1.00% | 55,911 | $7.3M | Reduce -4.3% |
| LBRDK Liberty Broadband-C | 0.87% | 111,921 | $6.4M | Reduce -2.1% |
| KO The Coca-Cola Co. | 0.71% | 85,574 | $5.2M | Add +0.1% |
| SNY Sanofi-ADR | 0.71% | 106,734 | $5.2M | Reduce -5.6% |
| PG The Procter & Gamble Co. | 0.55% | 24,713 | $4.0M | Add +9.3% |
| GSK GSK PLC-Spon ADR | 0.44% | 74,944 | $3.2M | Reduce -3.7% |
| MCY Mercury General Corp. | 0.42% | 60,073 | $3.1M | Reduce -2.1% |
| NPK National Presto Inds Inc. | 0.42% | 36,586 | $3.1M | Add +0.8% |
| DRIL-QUIP INC | 0.39% | 128,138 | $2.9M | Reduce -2.0% |
| MRK Merck & Co. Inc. | 0.35% | 19,525 | $2.6M | Add +0.0% |
| MDLZ Mondelez International Inc. Class A | 0.35% | 36,242 | $2.5M | Add +2.9% |
| AAPL Apple Inc. | 0.29% | 12,471 | $2.1M | Reduce -2.4% |
| HSY The Hershey Co. | 0.28% | 10,575 | $2.1M | Add +2.4% |
| CLX Clorox Company | 0.28% | 13,174 | $2.0M | Add +5.4% |
| LSXMK Liberty Media Corp.-Liber-New | 0.27% | 67,535 | $2.0M | Reduce -4.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.19% | 2,664 | $1.4M | Add +7.2% |
| CVX Chevron Corp. | 0.18% | 8,164 | $1.3M | New |
| GOOG Alphabet Inc. Class C | 0.16% | 7,920 | $1.2M | No change |
| CL Colgate-Palmolive Co. | 0.16% | 13,140 | $1.2M | Add +4.8% |
| ITIC Investors Title Co. | 0.16% | 7,127 | $1.2M | Reduce -4.2% |
| MA Mastercard Inc. Class A | 0.15% | 2,350 | $1.1M | No change |
| MSFT Microsoft Corp. | 0.15% | 2,642 | $1.1M | Reduce -0.8% |
| UNH Unitedhealth Group Inc. | 0.14% | 2,100 | $1.0M | No change |
| V Visa Inc. Class A | 0.14% | 3,669 | $1.0M | No change |
| LLY Eli Lilly & Co. | 0.13% | 1,230 | $957K | Reduce -11.6% |
| VOO Vanguard S&P 500 ETF | 0.12% | 1,884 | $906K | No change |
| KHC The Kraft Heinz Co. | 0.12% | 23,908 | $882K | Add +90.8% |
| XOM Exxon Mobil Corp. | 0.11% | 7,157 | $832K | Add +26.5% |
| LLYVK Liberty Media Corp.-Liberty-C | 0.10% | 16,881 | $740K | Reduce -4.6% |
| AMZN Amazon.com Inc. | 0.10% | 4,100 | $740K | No change |
| HLN Haleon PLC-ADR | 0.09% | 81,415 | $691K | Reduce -7.6% |
| ABT Abbott Laboratories | 0.09% | 6,000 | $682K | Reduce -0.7% |
| PIPR Piper Sandler Cos | 0.09% | 3,188 | $633K | No change |
| ZTS Zoetis Inc. | 0.08% | 3,672 | $621K | No change |
| SRG Seritage Growth Prop- A | 0.08% | 61,787 | $596K | Reduce -0.6% |
| ACN Accenture PLC Class A | 0.07% | 1,500 | $520K | No change |
| LSXMA Liberty Media Corp. Class A New | 0.07% | 16,862 | $501K | Reduce -7.5% |
| IT Gartner Inc. | 0.07% | 1,000 | $477K | No change |
| MCD McDonald's Corp. | 0.06% | 1,613 | $455K | Reduce -12.6% |
| ADP Automatic Data Processing | 0.06% | 1,790 | $447K | No change |
| ENB Enbridge Inc. | 0.06% | 12,096 | $438K | New |
| MRSH Marsh & McLennan Cos | 0.06% | 1,960 | $404K | No change |
| GOOGL Alphabet Inc. Class A | 0.05% | 2,540 | $383K | No change |
| JPM JPMorgan Chase & Co. | 0.05% | 1,881 | $377K | Add +27.2% |
| PEP Pepsico Inc. | 0.05% | 2,131 | $373K | Add +47.2% |
| PM Philip Morris International | 0.05% | 3,954 | $362K | Add +26.4% |
| WFC Wells Fargo & Co. | 0.04% | 5,268 | $305K | No change |
| LBRDA Liberty Broadband-A | 0.04% | 5,280 | $302K | Add +7.3% |
| NKE Nike Inc. Class B | 0.04% | 3,000 | $282K | No change |
| VEA Vanguard Ftse Developed ETF | 0.04% | 5,352 | $269K | No change |
| PFE Pfizer Inc. | 0.04% | 9,490 | $263K | New |
| PGR Progressive Corp. | 0.03% | 1,201 | $248K | New |
| META Meta Platforms Inc. Class A | 0.03% | 500 | $243K | New |
| CRD.A Crawford & Company Class A | 0.03% | 25,500 | $240K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.03% | 380 | $221K | Reduce -70.3% |
| CLAR Clarus Corp. | 0.03% | 29,553 | $199K | No change |
| WHG Westwood Holdings Group Inc. | 0.02% | 10,159 | $125K | No change |
| VOD Vodafone Group PLC-SP ADR | 0.02% | 12,500 | $111K | New |
| CRWS Crown Crafts Inc. | 0.01% | 12,500 | $64K | No change |