| WTM White Mountains Insurance GP | 21.41% | 81,304 | $147.8M | Reduce -0.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 18.76% | 318,192 | $129.4M | Reduce -0.5% |
| GHC Graham Holdings Co. Class B | 17.11% | 168,793 | $118.1M | Reduce -0.9% |
| LBTYA Liberty Global Ltd. Class A | 3.40% | 1,345,968 | $23.5M | Add +13.8% |
| L Loews Corp. | 3.12% | 288,351 | $21.6M | Reduce -1.8% |
| JNJ Johnson & Johnson | 3.00% | 141,771 | $20.7M | Reduce -0.6% |
| RSG Republic Services Inc. | 2.76% | 98,151 | $19.1M | Reduce -0.4% |
| LBTYK Liberty Global Ltd. Class C | 2.62% | 1,013,129 | $18.1M | Reduce -6.4% |
| UL Unilever PLC | 2.42% | 303,982 | $16.7M | Add +6.1% |
| CABO Cable One Inc. | 2.24% | 43,683 | $15.5M | Reduce -1.0% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 2.02% | 133,596 | $13.9M | Reduce -1.4% |
| GIS General Mills Inc. | 1.79% | 195,478 | $12.4M | Reduce -9.4% |
| JOUT Johnson Outdoors Inc. Class A | 1.69% | 332,896 | $11.6M | Reduce -3.2% |
| AMG Affiliated Managers Group | 1.58% | 69,860 | $10.9M | Reduce -0.6% |
| CNX CNX Resources Corp. | 1.57% | 446,642 | $10.9M | Reduce -1.2% |
| EQC Equity Commonwealth | 1.49% | 530,250 | $10.3M | Reduce -2.9% |
| TRIP Tripadvisor Inc. | 1.45% | 562,783 | $10.0M | Reduce -3.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.33% | 15 | $9.2M | No change |
| MHK Mohawk Industries Inc. | 0.91% | 55,015 | $6.2M | Reduce -1.6% |
| LBRDK Liberty Broadband-C | 0.88% | 111,119 | $6.1M | Reduce -0.7% |
| KO The Coca-Cola Co. | 0.77% | 83,322 | $5.3M | Reduce -2.6% |
| PG The Procter & Gamble Co. | 0.61% | 25,391 | $4.2M | Add +2.7% |
| MCY Mercury General Corp. | 0.46% | 59,594 | $3.2M | Reduce -0.8% |
| NPK National Presto Inds Inc. | 0.39% | 35,711 | $2.7M | Reduce -2.4% |
| AAPL Apple Inc. | 0.37% | 12,021 | $2.5M | Reduce -3.6% |
| MDLZ Mondelez International Inc. Class A | 0.35% | 37,004 | $2.4M | Add +2.1% |
| MRK Merck & Co. Inc. | 0.34% | 19,163 | $2.4M | Reduce -1.9% |
| DRIL-QUIP INC | 0.34% | 124,923 | $2.3M | Reduce -2.5% |
| HSY The Hershey Co. | 0.28% | 10,525 | $1.9M | Reduce -0.5% |
| CLX Clorox Company | 0.26% | 13,354 | $1.8M | Add +1.4% |
| GOOG Alphabet Inc. Class C | 0.22% | 8,420 | $1.5M | Add +6.3% |
| LSXMK Liberty Media Corp.-Liber-New | 0.21% | 66,806 | $1.5M | Reduce -1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.21% | 2,664 | $1.4M | No change |
| MSFT Microsoft Corp. | 0.21% | 3,242 | $1.4M | Add +22.7% |
| CL Colgate-Palmolive Co. | 0.19% | 13,290 | $1.3M | Add +1.1% |
| CVX Chevron Corp. | 0.19% | 8,164 | $1.3M | No change |
| ITIC Investors Title Co. | 0.18% | 6,922 | $1.2M | Reduce -2.9% |
| MA Mastercard Inc. Class A | 0.16% | 2,550 | $1.1M | Add +8.5% |
| XOM Exxon Mobil Corp. | 0.16% | 9,587 | $1.1M | Add +34.0% |
| UNH Unitedhealth Group Inc. | 0.15% | 2,100 | $1.1M | No change |
| V Visa Inc. Class A | 0.14% | 3,669 | $963K | No change |
| AMZN Amazon.com Inc. | 0.14% | 4,850 | $937K | Add +18.3% |
| LLY Eli Lilly & Co. | 0.14% | 1,030 | $933K | Reduce -16.3% |
| VOO Vanguard S&P 500 ETF | 0.12% | 1,700 | $850K | Reduce -9.8% |
| KHC The Kraft Heinz Co. | 0.11% | 23,918 | $771K | Add +0.0% |
| PIPR Piper Sandler Cos | 0.11% | 3,188 | $734K | No change |
| ZTS Zoetis Inc. | 0.10% | 3,972 | $689K | Add +8.2% |
| HLN Haleon PLC-ADR | 0.10% | 80,136 | $662K | Reduce -1.6% |
| LLYVK Liberty Media Corp.-Liberty-C | 0.09% | 16,700 | $639K | Reduce -1.1% |
| ABT Abbott Laboratories | 0.09% | 6,000 | $623K | No change |
| GOOGL Alphabet Inc. Class A | 0.08% | 3,040 | $554K | Add +19.7% |
| ACN Accenture PLC Class A | 0.07% | 1,500 | $455K | No change |
| IT Gartner Inc. | 0.07% | 1,000 | $449K | No change |
| JPM JPMorgan Chase & Co. | 0.06% | 2,131 | $431K | Add +13.3% |
| ENB Enbridge Inc. | 0.06% | 12,096 | $430K | No change |
| ADP Automatic Data Processing | 0.06% | 1,790 | $427K | No change |
| MRSH Marsh & McLennan Cos | 0.06% | 1,960 | $413K | No change |
| MCD McDonald's Corp. | 0.06% | 1,614 | $411K | Add +0.1% |
| PM Philip Morris International | 0.06% | 3,904 | $396K | Reduce -1.3% |
| LSXMA Liberty Media Corp. Class A New | 0.05% | 16,862 | $373K | No change |
| PEP Pepsico Inc. | 0.05% | 2,231 | $368K | Add +4.7% |
| WFC Wells Fargo & Co. | 0.05% | 5,268 | $313K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.04% | 530 | $293K | Add +39.5% |
| LBRDA Liberty Broadband-A | 0.04% | 5,280 | $288K | No change |
| SRG Seritage Growth Prop- A | 0.04% | 61,107 | $285K | Reduce -1.1% |
| PFE Pfizer Inc. | 0.04% | 10,190 | $285K | Add +7.4% |
| META Meta Platforms Inc. Class A | 0.04% | 500 | $252K | No change |
| PGR Progressive Corp. | 0.04% | 1,201 | $249K | No change |
| NKE Nike Inc. Class B | 0.03% | 3,000 | $226K | No change |
| VEA Vanguard Ftse Developed ETF | 0.03% | 4,500 | $222K | Reduce -15.9% |
| CRD.A Crawford & Company Class A | 0.03% | 25,500 | $220K | No change |
| ABBV Abbvie Inc. | 0.03% | 1,213 | $208K | New |
| KMB Kimberly-Clark Corp. | 0.03% | 1,490 | $206K | New |
| AMGN Amgen Inc. | 0.03% | 644 | $201K | New |
| CLAR Clarus Corp. | 0.02% | 24,456 | $165K | Reduce -17.3% |
| CNH CNH Industrial NV | 0.02% | 14,000 | $142K | New |
| WHG Westwood Holdings Group Inc. | 0.02% | 10,159 | $124K | No change |
| VOD Vodafone Group PLC-SP ADR | 0.02% | 12,500 | $111K | No change |
| CRWS Crown Crafts Inc. | 0.01% | 12,500 | $65K | No change |