Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (54 quarters reported)
$286M in Q2 2013 → $360M now. Hover for any quarter.
As reported for the quarter ended September 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| Texas Pacific Land Corp | 10.0% | Added 0.2% | 110,359 | $36M |
| BH Berkshire Hathaway Inc Cl B | 6.0% | Trimmed 1.7% | 43,364 | $21.6M |
| Microsoft Corp | 5.2% | Trimmed 0.4% | 36,651 | $18.8M |
| Phillips 66 | 5.2% | Trimmed 12% | 72,723 | $18.6M |
| TF Thermo Fisher Corp | 5.0% | Trimmed 2.1% | 26,485 | $17.9M |
| Arthur J Gallagher & Co | 4.2% | Added 0.3% | 66,540 | $15.2M |
| AC Alphabet Inc Cl C | 3.8% | Trimmed 0.9% | 40,562 | $13.8M |
| Aflac Inc | 3.8% | Added 3.1% | 122,244 | $13.7M |
| Lincoln Electric Holdings Inc | 3.2% | Added 8.5% | 43,981 | $11.6M |
| Hca Healthcare Inc | 3.1% | Added 0.1% | 26,403 | $11.3M |
| Johnson & Johnson | 3.1% | Trimmed 3.9% | 41,778 | $11.1M |
| Chubb Corp | 3.0% | Trimmed 3.0% | 33,052 | $10.8M |
| Fifth Third Bancorp | 3.0% | Trimmed 3.3% | 212,067 | $10.7M |
| Fairfax Financial Holdings | 2.9% | Trimmed 0.1% | 6,571 | $10.3M |
| DW Disney Walt | 2.7% | Added 0.0% | 93,878 | $9.85M |
| Pepsico Inc | 2.5% | Added 8.4% | 71,372 | $9.04M |
| Elevance Health Inc | 2.4% | Trimmed 7.2% | 22,446 | $8.73M |
| HF Hershey Foods Corp | 2.3% | Added 3.3% | 52,657 | $8.3M |
| Nelnet | 2.2% | Trimmed 1.8% | 64,841 | $7.98M |
| CR Charles River Labs Int'l | 2.2% | Trimmed 4.9% | 26,634 | $7.86M |
| Cullen/frost Bankers, Inc. | 2.2% | Trimmed 3.5% | 51,393 | $7.85M |
| CP Canadian Pacific Kansas City L | 2.0% | Trimmed 7.1% | 83,223 | $7.08M |
| Brookfield Corporation | 1.7% | Added 12% | 170,264 | $6.21M |
| Chevron Corp | 1.7% | Trimmed 1.9% | 30,217 | $6.17M |
| Asbury Automotive Group | 1.7% | Added 6.9% | 35,723 | $6.16M |
| Marinemax, Inc. | 1.6% | Trimmed 6.1% | 110,597 | $5.78M |
| Bruker Corp | 1.6% | Trimmed 5.3% | 87,582 | $5.67M |
| BH Berkshire Hathaway Inc Cl A | 1.5% | Unchanged | 7 | $5.23M |
| Pfizer Inc | 1.3% | Trimmed 2.8% | 169,881 | $4.85M |
| Vulcan Materials Co | 1.2% | Trimmed 6.9% | 17,832 | $4.36M |
| Canadian National Railway Co | 1.0% | Trimmed 1.4% | 31,578 | $3.75M |
| SH Sky Harbour Group Corp Cl A | 0.8% | Added 6.1% | 297,214 | $2.81M |
| SS SPDR S&P 500 | 0.7% | Added 49% | 3,459 | $2.64M |
| BA Brookfield Asset Management Lt | 0.6% | Added 0.1% | 48,447 | $2.16M |
| M Mcdonalds Corp | 0.6% | Trimmed 1.0% | 8,865 | $2.05M |
| Lkq Corporation | 0.6% | Trimmed 7.6% | 88,909 | $2.03M |
| Coca Cola Co | 0.3% | Unchanged | 13,490 | $1.16M |
| Costco Wholesale Corp | 0.3% | Trimmed 4.0% | 1,210 | $1.1M |
| Crimson Wine Group Ltd | 0.3% | Trimmed 0.8% | 250,142 | $1.06M |
| Procter & Gamble Co | 0.3% | Unchanged | 6,488 | $943K |
| DP Dino Polska Sa ADR | 0.2% | Unchanged | 98,135 | $893K |
| Apple Inc | 0.2% | Trimmed 2.0% | 2,500 | $833K |
| C8 Costamare Inc. 8.50 Preferred | 0.2% | Unchanged | 30,893 | $832K |
| Constellium Se | 0.2% | Unchanged | 25,120 | $608K |
| Abbvie Inc | 0.1% | Unchanged | 1,758 | $460K |
| FN First National Of Nebraska Inc | 0.1% | Unchanged | 21 | $403K |
| Coherent, Inc. | 0.1% | Unchanged | 1,400 | $403K |
| Amazon.com Inc | 0.1% | Unchanged | 1,600 | $399K |
| AZ Auto Zone Inc | 0.1% | Trimmed 20% | 137 | $388K |
| IC Ishares Core S&P 500 ETF | 0.1% | Unchanged | 500 | $383K |
| Wheaton Precious Metals Corp | 0.1% | Unchanged | 2,500 | $334K |
| Walmart Inc | 0.1% | Unchanged | 3,150 | $327K |
| NS Nestle S.a. Spons ADR | 0.1% | Trimmed 3.4% | 3,505 | $319K |
| Dominion Energy, Inc. | 0.1% | Unchanged | 4,730 | $286K |
| Colgate Palmolive Co | 0.1% | Trimmed 7.0% | 3,331 | $284K |
| IR Ishares Russell 2500 ETF | 0.1% | New | 2,940 | $251K |
| Abbott Laboratories | 0.1% | Unchanged | 2,522 | $249K |
| Nextera Energy Inc | 0.1% | Unchanged | 3,000 | $227K |
| Amgen Inc | 0.1% | New | 482 | $203K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2026 · filed October 22, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Phillips 66 | Trimmed | −10,076 | −$2.57M | 5.2% |
| Lincoln Electric Holdings Inc | Added | +3,441 | +$910K | 3.2% |
| SS SPDR S&P 500 | Added | +1,144 | +$872K | 0.7% |
| Pepsico Inc | Added | +5,559 | +$704K | 2.5% |
| Elevance Health Inc | Trimmed | −1,753 | −$682K | 2.4% |
| Brookfield Corporation | Added | +18,397 | +$671K | 1.7% |
| CP Canadian Pacific Kansas City L | Trimmed | −6,315 | −$537K | 2.0% |
| Johnson & Johnson | Trimmed | −1,713 | −$454K | 3.1% |
| Aflac Inc | Added | +3,696 | +$413K | 3.8% |
| CR Charles River Labs Int'l | Trimmed | −1,370 | −$404K | 2.2% |
Showing the 10 largest of 45 changes.
quarter ended June 30, 2026 · filed July 28, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Fairfax Financial Holdings | New | +6,575 | +$10.8M | 3.0% |
| Pepsico Inc | Added | +57,385 | +$7.77M | 2.5% |
| TF Thermo Fisher Corp | Added | +13,597 | +$6.82M | 3.8% |
| Elevance Health Inc | Trimmed | −12,980 | −$5.02M | 2.6% |
| Msc Industrial Direct Co. | Exited | −40,761 | −$3.76M | — |
| Bruker Corp | Trimmed | −40,166 | −$2.42M | 1.5% |
| Texas Pacific Land Corp | Trimmed | −2,781 | −$1.22M | 13.4% |
| Asbury Automotive Group | Trimmed | −5,499 | −$1.11M | 1.9% |
| BH Berkshire Hathaway Inc Cl B | Trimmed | −1,659 | −$830K | 6.1% |
| BH Berkshire Hathaway Inc Cl A | Trimmed | −1 | −$749K | 1.5% |
Showing the 10 largest of 51 changes.
quarter ended March 31, 2026 · filed April 22, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Elevance Health Inc | Added | +16,967 | +$4.97M | 3.2% |
| Keysight Technologies Inc | Exited | −20,785 | −$4.22M | — |
| Phillips 66 | Trimmed | −16,365 | −$2.98M | 4.6% |
| Civitas Resources Inc. | Exited | −99,147 | −$2.69M | — |
| Lincoln Electric Holdings Inc | Trimmed | −8,390 | −$2.09M | 3.0% |
| Hca Healthcare Inc | Trimmed | −3,759 | −$1.78M | 3.5% |
| Microsoft Corp | Added | +2,937 | +$1.09M | 4.0% |
| Fifth Third Bancorp | Added | +14,749 | +$685K | 3.0% |
| Texas Pacific Land Corp | Trimmed | −1,325 | −$629K | 15.6% |
| Constellium Se | Trimmed | −23,500 | −$578K | 0.2% |
Showing the 10 largest of 48 changes.
quarter ended December 31, 2025 · filed January 20, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Texas Pacific Land Corp | Added | +74,478 | +$21.4M | 9.8% |
| AZ Auto Zone Inc | Trimmed | −5,324 | −$18.1M | 0.2% |
| BH Berkshire Hathaway Inc Cl B | Trimmed | −30,607 | −$15.4M | 6.7% |
| Copart Inc | Exited | −271,220 | −$12.2M | — |
| Hca Healthcare Inc | Trimmed | −22,690 | −$10.6M | 4.1% |
| AC Alphabet Inc Cl C | Trimmed | −32,240 | −$10.1M | 3.8% |
| Elevance Health Inc | Trimmed | −23,046 | −$8.08M | 2.1% |
| BH Berkshire Hathaway Inc Cl A | Trimmed | −10 | −$7.55M | 1.8% |
| AC Alphabet Inc Cl A | Exited | −26,954 | −$6.55M | — |
| Boston Omaha Corp | Exited | −479,208 | −$6.27M | — |
Showing the 10 largest of 94 changes.
quarter ended September 30, 2025 · filed October 20, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Chubb Corp | New | +48,521 | +$13.7M | 2.5% |
| Enovis Corp | Exited | −227,235 | −$7.13M | — |
| AC Alphabet Inc Cl C | Trimmed | −25,782 | −$6.28M | 3.2% |
| DP Dino Polska Sa ADR | Added | +462,266 | +$5.53M | 1.3% |
| Brookfield Corporation | Trimmed | −57,722 | −$3.96M | 1.5% |
| Elevance Health Inc | Added | +8,652 | +$2.8M | 2.6% |
| BH Berkshire Hathaway Inc Cl A | Trimmed | −2 | −$1.51M | 2.5% |
| AC Alphabet Inc Cl A | Trimmed | −4,214 | −$1.02M | 1.2% |
| Arthur J Gallagher & Co | Trimmed | −3,125 | −$968K | 3.6% |
| BH Berkshire Hathaway Inc Cl B | Added | +1,780 | +$895K | 6.9% |
Showing the 10 largest of 74 changes.
quarter ended June 30, 2025 · filed July 25, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SU Schwab Us Large Cap ETF | New | +41,328 | +$1.01M | 0.2% |
| Phillips 66 | Added | +7,783 | +$929K | 3.3% |
| CR Charles River Labs Int'l | Trimmed | −5,518 | −$837K | 1.4% |
| Coca Cola Co | Trimmed | −10,100 | −$715K | 1.3% |
| Arthur J Gallagher & Co | Trimmed | −1,965 | −$629K | 3.9% |
| VS Vanguard Scottsdale Fds Corp B | New | +7,333 | +$583K | 0.1% |
| Microsoft Corp | Trimmed | −1,009 | −$502K | 4.0% |
| Enovis Corp | Added | +13,566 | +$425K | 1.3% |
| BH Berkshire Hathaway Inc Cl B | Trimmed | −842 | −$409K | 6.7% |
| AZ Auto Zone Inc | Added | +105 | +$390K | 3.8% |
Showing the 10 largest of 66 changes.
quarter ended March 31, 2025 · filed April 28, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Bruker Corp | New | +208,306 | +$8.69M | 1.6% |
| Texas Pacific Land Corp | Trimmed | −5,534 | −$7.33M | 10.0% |
| Phillips 66 | Added | +38,147 | +$4.71M | 3.3% |
| Lkq Corporation | Trimmed | −42,527 | −$1.81M | 1.1% |
| BH Berkshire Hathaway Inc Cl A | Trimmed | −2 | −$1.6M | 2.9% |
| AZ Auto Zone Inc | Trimmed | −355 | −$1.35M | 3.8% |
| Arthur J Gallagher & Co | Trimmed | −2,757 | −$952K | 4.3% |
| Mistras Group Inc | Trimmed | −82,909 | −$877K | — |
| SH Sky Harbour Group Corp Cl A | Added | +63,068 | +$821K | 1.1% |
| Civitas Resources Inc. | Trimmed | −21,675 | −$756K | 0.9% |
Showing the 10 largest of 69 changes.
quarter ended December 31, 2024 · filed January 23, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Texas Pacific Land Corp | Trimmed | −3,398 | −$3.76M | 9.6% |
| SS SPDR S&P 500 | New | +5,083 | +$2.98M | 0.6% |
| Aflac Inc | Trimmed | −25,786 | −$2.67M | 2.5% |
| SH Sky Harbour Group Corp Cl A | Added | +205,788 | +$2.46M | 0.8% |
| Wells Fargo Co | Trimmed | −25,156 | −$1.77M | 0.5% |
| Elevance Health Inc | Added | +4,372 | +$1.61M | 2.2% |
| Waters Corp | Trimmed | −3,377 | −$1.25M | 0.8% |
| Lkq Corporation | Trimmed | −30,437 | −$1.12M | 1.2% |
| Fifth Third Bancorp | Trimmed | −23,971 | −$1.01M | 2.5% |
| Valmont Industries Inc | Trimmed | −3,257 | −$999K | 0.5% |
Showing the 10 largest of 74 changes.
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