Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (16 quarters reported)
$1.71B in Q3 2022 → $3.95B 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 |
|---|---|---|---|---|
| Alphabet Inc | 9.4% | Added 5.0% | 1,049,574 | $371M |
| BH Berkshire Hathaway Inc Del Cl A Frmly | 9.2% | Added 2.3% | 486 | $364M |
| Meta Platforms | 7.4% | Added 0.4% | 517,000 | $291M |
| WA Western Alliance Bancorp | 6.9% | Added 8.2% | 3,336,000 | $274M |
| M Markel | 4.6% | Added 30% | 92,105 | $180M |
| BH Berkshire Hathaway Inc Del Cl B Frmly | 4.5% | Added 12% | 354,216 | $177M |
| Chubb Limited | 4.3% | Unchanged | 494,556 | $169M |
| Corebridge Financial | 4.2% | Trimmed 0.1% | 5,800,000 | $166M |
| Jpmorgan Chase & Co | 4.1% | Added 5.4% | 493,896 | $162M |
| Axos Financial Inc | 3.8% | Unchanged | 1,535,219 | $150M |
| Progressive Corp | 2.8% | Unchanged | 504,510 | $110M |
| Visa Inc | 2.8% | Unchanged | 320,000 | $110M |
| Global Payments Inc. | 2.7% | Unchanged | 1,485,000 | $108M |
| First American Financial Corp | 2.6% | Unchanged | 1,500,000 | $103M |
| M&T Bank | 2.5% | Unchanged | 410,000 | $97.6M |
| Goldman Sachs Group Inc. | 2.4% | Unchanged | 92,391 | $93.4M |
| AP Accenture PLC Cl A | 2.3% | Added 37% | 740,000 | $92.1M |
| Servisfirst Bancshares Inc | 2.0% | Unchanged | 910,376 | $79M |
| Five Star Bancorp | 1.9% | Unchanged | 1,511,500 | $73.6M |
| ER Equity Residential | 1.8% | Trimmed 0.3% | 1,065,000 | $72.3M |
| Arch Capital Group Ltd | 1.6% | Unchanged | 650,000 | $63.1M |
| A Alibaba | 1.5% | Unchanged | 607,561 | $58.3M |
| MH Marketaxess Hldgs Inc | 1.4% | Added 359% | 500,000 | $56.7M |
| Trico Bancshares | 1.4% | Unchanged | 1,046,900 | $56.4M |
| Ameris Bancorp | 1.4% | Unchanged | 621,800 | $56.1M |
| Mastercard Inc | 1.3% | Unchanged | 102,000 | $52.4M |
| Carlyle Group | 1.2% | Unchanged | 1,131,000 | $47.6M |
| UB Us Bancorp Del Com New | 1.1% | Unchanged | 715,210 | $43.2M |
| Old Second Bancorp | 1.1% | Unchanged | 1,800,000 | $42M |
| Raymond James Financial Inc | 1.0% | Unchanged | 270,000 | $41M |
| Fb Financial Corp | 0.9% | Unchanged | 619,236 | $34.3M |
| CF Cnb Financial Corp Pa | 0.8% | Unchanged | 950,000 | $32M |
| Wells Fargo | 0.7% | Unchanged | 337,969 | $27.9M |
| Infleqtion Inc. | 0.7% | New | 2,085,798 | $27.8M |
| American Express Company | 0.5% | Unchanged | 63,000 | $21.3M |
| State Street Corp | 0.3% | Trimmed 34% | 76,000 | $12.9M |
| Timberland Bancorp Inc | 0.2% | Unchanged | 174,476 | $7.82M |
| Applied Materials Inc. | 0.1% | Unchanged | 6,626 | $4.79M |
| Exxon Mobil Corp | 0.1% | Unchanged | 24,166 | $3.3M |
| Johnson & Johnson | 0.1% | Unchanged | 12,500 | $3.17M |
| The Coca Cola Company | 0.1% | Unchanged | 25,000 | $2.03M |
| Blackrock Inc. | 0.1% | Unchanged | 2,100 | $2.02M |
| Mgm Resorts International | 0.0% | Unchanged | 31,458 | $1.5M |
| Alphabet Inc | 0.0% | Trimmed 16% | 4,000 | $1.43M |
| Deere & Company | 0.0% | Unchanged | 1,943 | $1.23M |
| The Travelers Companies Inc. | 0.0% | Unchanged | 3,653 | $1.21M |
| EL Eli Lily | 0.0% | Unchanged | 637 | $764K |
| Merck & Co. Inc. | 0.0% | Unchanged | 4,000 | $514K |
| Linde PLC | 0.0% | Unchanged | 900 | $467K |
| Weyerhaeuser Co. | 0.0% | Unchanged | 17,301 | $414K |
| WB Wr Berkley Corp. | 0.0% | Unchanged | 5,804 | $409K |
| International Business Machines Co. | 0.0% | Unchanged | 1,274 | $358K |
| Shattuck Labs Inc. | 0.0% | Unchanged | 48,276 | $335K |
| Union Pacific Corp | 0.0% | Unchanged | 1,200 | $326K |
| Aflac Incorporated | 0.0% | Unchanged | 2,000 | $235K |
| WS Walmart Stores Inc. | 0.0% | Unchanged | 1,500 | $170K |
| Corteva Inc. | 0.0% | Unchanged | 1,835 | $155K |
| General Electric Company | 0.0% | Unchanged | 412 | $154K |
| Qnity Electronics Inc. | 0.0% | Unchanged | 917 | $150K |
| 3m Company | 0.0% | Unchanged | 800 | $130K |
Showing top 60 of 85 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| MH Marketaxess Hldgs Inc | Added | +391,154 | +$44.4M | 1.4% |
| M Markel | Added | +21,474 | +$41.9M | 4.6% |
| Infleqtion Inc. | New | +2,085,798 | +$27.8M | 0.7% |
| AP Accenture PLC Cl A | Added | +200,000 | +$24.9M | 2.3% |
| WA Western Alliance Bancorp | Added | +253,000 | +$20.8M | 6.9% |
| BH Berkshire Hathaway Inc Del Cl B Frmly | Added | +38,573 | +$19.3M | 4.5% |
| Alphabet Inc | Added | +49,574 | +$17.5M | 9.4% |
| BH Berkshire Hathaway Inc Del Cl A Frmly | Added | +11 | +$8.24M | 9.2% |
| Jpmorgan Chase & Co | Added | +25,110 | +$8.22M | 4.1% |
| State Street Corp | Trimmed | −40,000 | −$6.78M | 0.3% |
Showing the 10 largest of 20 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| BH Berkshire Hathaway Inc Del Cl A Frmly | Added | +355 | +$255M | 9.9% |
| Jpmorgan Chase & Co | New | +468,786 | +$138M | 4.0% |
| Webster Financial Corp | Exited | −2,000,000 | −$126M | — |
| Progressive Corp | New | +504,510 | +$100M | 2.9% |
| Goldman Sachs Group Inc. | New | +92,391 | +$78.2M | 2.3% |
| BH Berkshire Hathaway Inc Del Cl B Frmly | Added | +135,643 | +$65M | 4.4% |
| Corebridge Financial | Added | +2,304,000 | +$55M | 4.0% |
| WA Western Alliance Bancorp | Added | +583,000 | +$41.3M | 6.3% |
| M Markel | Added | +20,631 | +$39.5M | 3.9% |
| AP Accenture PLC Cl A | Added | +190,000 | +$37.7M | 3.1% |
Showing the 10 largest of 77 changes.
quarter ended December 31, 2025 · filed February 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS State Str Corp | Exited | −1,200,000 | −$139M | — |
| AP Accenture PLC Cl A | Added | +100,000 | +$26.8M | 3.4% |
| First American Financial Corp | Added | +400,000 | +$24.6M | 3.3% |
| M&T Bank | Added | +75,000 | +$15.1M | 2.9% |
| Servisfirst Bancshares Inc | Added | +111,814 | +$8.03M | 2.3% |
| Old Second Bancorp | Added | +245,523 | +$4.79M | 1.2% |
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AP Accenture PLC Ireland | New | +250,000 | +$61.7M | 2.2% |
| FA First Amern Finl Corp | Added | +811,642 | +$52.1M | 2.5% |
| FF Fb Finl Corp | New | +619,236 | +$34.5M | 1.2% |
| JL Jones Lange Lasalle Inc. | Exited | −129,346 | −$33.1M | — |
| Carlyle Group Inc. | Trimmed | −500,000 | −$31.4M | 2.2% |
| Southern States Bancshares | Exited | −774,046 | −$28.2M | — |
| OS Old Second Bancorp Inc Ill | Added | +115,498 | +$2M | 0.9% |
| CF Cnb Finl Corp Pa | Added | +55,967 | +$1.35M | 0.8% |
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| First American Financial Corp | New | +288,358 | +$17.7M | 0.7% |
| Ameris Bancorp | Added | +221,800 | +$14.4M | 1.6% |
| Kkr & Co. | Exited | −100,000 | −$11.6M | — |
| Old Second Bancorp | Added | +284,502 | +$5.05M | 1.0% |
| CF Cnb Financial Corp Pa | Added | +194,033 | +$4.44M | 0.8% |
| Trico Bancshares | Added | +26,100 | +$1.06M | 1.7% |
quarter ended March 31, 2025 · filed May 12, 2025
No position changes this quarter.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Kkr & Co. | Trimmed | −400,000 | −$59.2M | 0.6% |
| Goldman Sachs Group Inc | Exited | −70,000 | −$34.7M | — |
| FC First Citizen Bancshares | Exited | −14,200 | −$26.1M | — |
| Corebridge Financial | Added | +500,000 | +$15M | 4.3% |
| ER Equity Residential | Trimmed | −200,000 | −$14.4M | 2.3% |
| UB Us Bancorp Del Com New | Trimmed | −200,000 | −$9.57M | 1.2% |
| BH Berkshire Hathaway Inc Del Cl B Frmly | Trimmed | −20,000 | −$9.07M | 3.3% |
| JL Jones Lange Lasalle Inc. | Trimmed | −20,654 | −$5.23M | 1.3% |
| Servisfirst Bancshares Inc | Trimmed | −60,000 | −$5.08M | 2.6% |
| Raymond James Financial Inc | Trimmed | −30,000 | −$4.66M | 1.7% |
Showing the 10 largest of 13 changes.
quarter ended September 30, 2024 · filed November 12, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Kkr & Co. | Trimmed | −200,000 | −$26.1M | 2.6% |
| M Markel | Added | +15,000 | +$23.5M | 3.1% |
| Glacier Bancorp | Exited | −296,749 | −$11.1M | — |
| Global Payments Inc. | Added | +100,000 | +$10.2M | 5.7% |
| UB Us Bancorp Del Com New | Trimmed | −200,000 | −$9.15M | 1.5% |
| Old Second Bancorp | Added | +516,101 | +$8.05M | 0.7% |
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