Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (56 quarters reported)
$492M in Q3 2012 → $3.64B now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| Berkshire Hathaway Call | 55.3% | Added 6.1% | 4,016,300 | $2.01B |
| Berkshire Hathaway | 11.5% | Trimmed 25% | 836,370 | $419M |
| Alphabet | 6.5% | Trimmed 3.3% | 667,737 | $236M |
| Brookfield Corp. | 5.2% | Added 0.5% | 4,402,984 | $188M |
| M Markel | 4.3% | Added 3.0% | 79,209 | $155M |
| AH Aercap Holdings | 3.2% | Trimmed 1.2% | 807,867 | $118M |
| FC First Citizens | 2.5% | Added 0.6% | 44,353 | $92.3M |
| SX Sirius Xm | 2.4% | Trimmed 0.5% | 2,927,799 | $86.5M |
| Lkq Corp | 1.4% | Trimmed 1.6% | 1,886,416 | $49.7M |
| A Amazon | 1.4% | Added 1.0% | 206,057 | $49.1M |
| Cimpress | 1.3% | Added 0.2% | 472,485 | $48.1M |
| D( Disney (walt) | 1.2% | Added 2.7% | 450,174 | $43.3M |
| HF Hershey Foods | 1.0% | Added 6.7% | 205,272 | $36M |
| J Jefferies | 0.9% | Added 0.8% | 685,910 | $34.3M |
| BH Berkshire Hathaway 'a' | 0.6% | Trimmed 3.4% | 28 | $21M |
| Wayfair | 0.4% | Added 0.6% | 169,025 | $15.6M |
| Apple | 0.2% | Added 1.6% | 23,439 | $6.78M |
| BC Biglari Cl A | 0.1% | Trimmed 1.0% | 1,562 | $3.29M |
| FF Fairfax Finl Hldgs | 0.1% | Added 804% | 1,979 | $3.25M |
| Microsoft | 0.1% | Added 2.5% | 6,229 | $2.32M |
| CT Caterpillar Tractor | 0.1% | Unchanged | 1,717 | $1.83M |
| Amgen | 0.0% | Unchanged | 3,885 | $1.41M |
| AC Alphabet Class A | 0.0% | Unchanged | 3,683 | $1.32M |
| Corning | 0.0% | Unchanged | 5,050 | $1.29M |
| GS Goldman Sachs | 0.0% | Unchanged | 1,230 | $1.24M |
| General Electric | 0.0% | Unchanged | 2,990 | $1.12M |
| Ge Vernova | 0.0% | Unchanged | 901 | $1.06M |
| Trupanion Inc. | 0.0% | Trimmed 1.5% | 40,075 | $993K |
| TM Tesla Motors | 0.0% | Trimmed 6.0% | 2,350 | $988K |
| IE Ishares Exponential Technologi | 0.0% | Unchanged | 8,800 | $727K |
| SS SPDR S&P 500 | 0.0% | Unchanged | 965 | $721K |
| Bank Of America | 0.0% | Added 0.0% | 12,038 | $686K |
| RT Raytheon Technologies | 0.0% | Unchanged | 3,489 | $662K |
| Nvidia | 0.0% | Added 45% | 3,077 | $616K |
| Brookfield Asset Management | 0.0% | Added 1.4% | 13,129 | $589K |
| U Unitedhealth | 0.0% | Trimmed 8.9% | 1,122 | $466K |
| Biglari Holdings | 0.0% | Unchanged | 967 | $412K |
| Fastenal | 0.0% | Unchanged | 7,920 | $380K |
| Wells Fargo | 0.0% | Added 1.6% | 4,483 | $370K |
| U Uber | 0.0% | Added 0.1% | 4,865 | $351K |
| SU Schwab Us Large Cap Growth | 0.0% | Unchanged | 9,800 | $332K |
| Jpmorgan Chase | 0.0% | Added 0.1% | 957 | $313K |
| Boeing Co | 0.0% | Unchanged | 1,445 | $313K |
| Fedex | 0.0% | Trimmed 3.2% | 961 | $301K |
| Illinois Tool Works | 0.0% | Unchanged | 1,100 | $298K |
| Quest Diagnostics | 0.0% | Unchanged | 1,300 | $276K |
| Citizens Financial Group | 0.0% | Unchanged | 3,800 | $266K |
| FM Freeport Mcmoran Copper | 0.0% | New | 3,881 | $244K |
| Hudbay Minerals | 0.0% | New | 9,940 | $235K |
| Lam Research | 0.0% | New | 500 | $217K |
| Taseko Mines | 0.0% | New | 31,350 | $216K |
| Chevron | 0.0% | Trimmed 7.4% | 1,250 | $207K |
| SU Schwab Us Small Cap ETF | 0.0% | New | 5,600 | $202K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 03, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Berkshire Hathaway | Trimmed | −272,020 | −$136M | 11.5% |
| Berkshire Hathaway | Added | +230,600 | +$115M | 55.3% |
| Alphabet | Trimmed | −22,662 | −$8.01M | 6.5% |
| M Markel | Added | +2,323 | +$4.54M | 4.3% |
| FF Fairfax Finl Hldgs | Added | +1,760 | +$2.89M | 0.1% |
| HF Hershey Foods | Added | +12,962 | +$2.27M | 1.0% |
| AH Aercap Holdings | Trimmed | −9,788 | −$1.43M | 3.2% |
| D( Disney (walt) | Added | +11,641 | +$1.12M | 1.2% |
| Brookfield Corp. | Added | +23,046 | +$982K | 5.2% |
| Lkq Corp | Trimmed | −30,690 | −$808K | 1.4% |
Showing the 10 largest of 38 changes.
quarter ended March 31, 2026 · filed May 04, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Berkshire Hathaway | Added | +275,700 | +$132M | 52.8% |
| A Amazon | Added | +200,606 | +$41.8M | 1.2% |
| Lkq Corp | Added | +358,625 | +$10.5M | 1.6% |
| J Jefferies | Added | +227,684 | +$9.4M | 0.8% |
| Cimpress | Added | +64,860 | +$4.73M | 1.0% |
| Alphabet | Trimmed | −13,214 | −$3.79M | 5.8% |
| Bank Of America | Trimmed | −67,705 | −$3.3M | — |
| Berkshire Hathaway | Added | +5,882 | +$2.82M | 15.5% |
| FC First Citizens | Added | +1,280 | +$2.41M | 2.4% |
| SX Sirius Xm | Added | +59,095 | +$1.36M | 2.0% |
Showing the 10 largest of 33 changes.
quarter ended December 31, 2025 · filed February 06, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Berkshire Hathaway | Added | +616,100 | +$310M | 51.3% |
| Brookfield Corp. | Added | +1,459,800 | +$67M | 5.9% |
| Fedex | Trimmed | −197,951 | −$57.2M | — |
| J Jefferies | New | +452,487 | +$28M | 0.8% |
| Carmax | Exited | −600,043 | −$26.9M | — |
| SX Sirius Xm | Added | +821,657 | +$16.4M | 1.7% |
| FC First Citizens | Added | +7,424 | +$15.9M | 2.7% |
| Berkshire Hathaway | Added | +27,348 | +$13.7M | 16.1% |
| Alphabet | Trimmed | −11,739 | −$3.68M | 6.4% |
| Cimpress | Added | +22,319 | +$1.49M | 0.8% |
Showing the 10 largest of 31 changes.
quarter ended September 30, 2025 · filed November 06, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Berkshire Hathaway | Trimmed | −71,600 | −$36M | 48.0% |
| S Suncor | Exited | −841,456 | −$31.5M | — |
| SX Sirius Xm | Added | +895,247 | +$20.8M | 1.6% |
| FC First Citizens | Added | +1,078 | +$1.93M | 2.1% |
| Alphabet | Trimmed | −6,600 | −$1.61M | 5.7% |
| Berkshire Hathaway | Added | +3,095 | +$1.56M | 17.8% |
| Cimpress | Added | +16,158 | +$1.02M | 0.8% |
| Brookfield Corp. | Trimmed | −14,423 | −$989K | 6.6% |
| AH Aercap Holdings | Trimmed | −6,592 | −$798K | 3.3% |
| HF Hershey Foods | Added | +2,615 | +$489K | 1.2% |
Showing the 10 largest of 32 changes.
quarter ended June 30, 2025 · filed July 25, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Berkshire Hathaway | Trimmed | −583,000 | −$283M | 48.7% |
| S Suncor | Trimmed | −851,419 | −$31.9M | 1.1% |
| Berkshire Hathaway | Added | +10,326 | +$5.02M | 17.6% |
| Brookfield Corp. | Trimmed | −50,424 | −$3.12M | 6.2% |
| M Markel | Trimmed | −1,306 | −$2.61M | 5.3% |
| Alphabet | Trimmed | −10,096 | −$1.79M | 4.3% |
| AH Aercap Holdings | Trimmed | −14,932 | −$1.75M | 3.3% |
| Carmax | Trimmed | −10,708 | −$720K | 1.4% |
| FC First Citizens | Added | +328 | +$642K | 2.3% |
| D( Disney (walt) | Trimmed | −5,106 | −$633K | 1.8% |
Showing the 10 largest of 31 changes.
quarter ended March 31, 2025 · filed May 02, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Berkshire Hathaway | Trimmed | −524,100 | −$279M | 55.1% |
| Berkshire Hathaway | Trimmed | −40,203 | −$21.4M | 16.5% |
| M Markel | Added | +1,921 | +$3.59M | 4.3% |
| Fedex | Added | +13,620 | +$3.32M | 1.4% |
| AH Aercap Holdings | Trimmed | −9,541 | −$975K | 2.5% |
| BH Berkshire Hathaway 'a' | Trimmed | −1 | −$754K | 0.6% |
| FC First Citizens | Added | +359 | +$666K | 1.8% |
| Alphabet | Trimmed | −4,159 | −$650K | 3.3% |
| SX Sirius Xm | Added | +26,613 | +$600K | 0.8% |
| HF Hershey Foods | Added | +3,498 | +$598K | 0.9% |
Showing the 10 largest of 40 changes.
quarter ended December 31, 2024 · filed January 30, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| D( Disney (walt) | Added | +435,716 | +$48.5M | 1.5% |
| Berkshire Hathaway | Added | +65,900 | +$29.9M | 55.0% |
| SX Sirius Xm | Added | +981,517 | +$22.4M | 0.8% |
| FC First Citizens | Added | +5,605 | +$11.8M | 2.1% |
| HF Hershey Foods | Added | +46,915 | +$7.95M | 0.9% |
| Berkshire Hathaway | Trimmed | −12,526 | −$5.68M | 14.9% |
| Alphabet | Trimmed | −18,345 | −$3.49M | 4.2% |
| Brookfield Asset Management | Trimmed | −41,000 | −$2.22M | — |
| Brookfield Corp. | Trimmed | −37,806 | −$2.17M | 5.1% |
| Wayfair | Trimmed | −34,833 | −$1.54M | 0.2% |
Showing the 10 largest of 36 changes.
quarter ended September 30, 2024 · filed November 06, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Berkshire Hathaway | Trimmed | −111,903 | −$51.5M | 15.8% |
| Berkshire Hathaway | Trimmed | −58,800 | −$27.1M | 56.8% |
| LM Liberty Media Siriusxm | Exited | −200,112 | −$4.43M | — |
| SX Sirius Xm | New | +164,214 | +$3.88M | 0.1% |
| Alphabet | Trimmed | −6,630 | −$1.11M | 3.9% |
| Brookfield Corp. | Trimmed | −16,103 | −$856K | 5.0% |
| Lkq Corp | Added | +12,833 | +$512K | 2.0% |
| Matson Inc. | Exited | −3,296 | −$432K | — |
| Apple | Trimmed | −1,808 | −$421K | 0.2% |
| AH Aercap Holdings | Added | +3,360 | +$318K | 2.6% |
Showing the 10 largest of 37 changes.
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