Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$332M in Q2 2013 → $912M 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 |
|---|---|---|---|---|
| GH Graham Hldgs Co | 19.6% | Added 0.8% | 156,376 | $178M |
| WM White Mtns Ins Group Ltd | 18.2% | Added 1.6% | 80,067 | $166M |
| BH Berkshire Hathaway Inc Del | 14.5% | Added 8.9% | 263,465 | $132M |
| People Inc | 5.7% | Added 0.8% | 1,127,772 | $52.1M |
| U Haul Holding Company | 3.5% | Added 2.9% | 557,360 | $32.2M |
| SD Seaboard Corp Del | 3.4% | Trimmed 7.1% | 6,871 | $30.7M |
| Loews Corp | 3.0% | Trimmed 5.0% | 244,525 | $27.7M |
| Johnson & Johnson | 2.9% | Trimmed 11% | 105,306 | $26.7M |
| MI Mohawk Inds Inc | 2.9% | Added 2.4% | 218,805 | $26.5M |
| Affiliated Managers Group | 2.2% | Trimmed 7.2% | 58,334 | $19.7M |
| Molson Coors Beverage Co | 1.9% | Trimmed 2.4% | 445,346 | $17.4M |
| IM Ingles Mkts Inc | 1.9% | Trimmed 0.1% | 192,195 | $17M |
| CR Cnx Res Corp | 1.8% | Added 17% | 496,627 | $16.9M |
| PH Post Hldgs Inc | 1.8% | Added 58% | 186,530 | $16.5M |
| RS Republic Svcs Inc | 1.8% | Trimmed 3.6% | 77,246 | $16.5M |
| Liberty Global Ltd | 1.7% | Added 4.3% | 1,342,309 | $15.3M |
| Heartland Express Inc | 1.6% | Trimmed 0.6% | 965,007 | $14.7M |
| Zoetis Inc | 1.6% | Added 5550% | 197,251 | $14.2M |
| Unilever PLC | 1.3% | Added 11% | 200,651 | $12.1M |
| Johnson Outdoors Inc | 1.3% | Trimmed 0.3% | 248,207 | $11.4M |
| LC Liberty Cap Corp | 1.2% | Trimmed 5.1% | 492,557 | $10.6M |
| Apple Inc | 0.4% | Added 5.1% | 12,969 | $3.75M |
| Procter & Gamble Co | 0.4% | Trimmed 1.7% | 24,139 | $3.54M |
| Alphabet Inc | 0.4% | Added 15% | 9,462 | $3.34M |
| Liberty Global Ltd | 0.3% | Trimmed 14% | 289,811 | $3.19M |
| BH Berkshire Hathaway Inc Del | 0.3% | Trimmed 71% | 4 | $3M |
| U Haul Holding Company | 0.3% | Trimmed 3.2% | 45,170 | $2.96M |
| Coca Cola Co | 0.2% | Trimmed 31% | 26,328 | $2.14M |
| Liberty Broadband Corp | 0.2% | Trimmed 11% | 54,758 | $1.82M |
| SS State Str SPDR S&P 500 ETF T | 0.2% | Trimmed 28% | 2,205 | $1.65M |
| SH Siriusxm Holdings Inc | 0.2% | Added 0.0% | 53,407 | $1.58M |
| Merck & Co Inc | 0.2% | Trimmed 29% | 11,829 | $1.52M |
| Tripadvisor Inc | 0.2% | Trimmed 30% | 108,543 | $1.49M |
| MI Mondelez Intl Inc | 0.2% | Trimmed 7.9% | 25,697 | $1.49M |
| Microsoft Corp | 0.2% | Added 17% | 3,954 | $1.47M |
| Alphabet Inc | 0.2% | Added 13% | 4,059 | $1.45M |
| Visa Inc | 0.2% | Added 24% | 4,222 | $1.45M |
| Mastercard Incorporated | 0.1% | Unchanged | 2,478 | $1.27M |
| Hershey Co | 0.1% | Trimmed 2.4% | 6,835 | $1.2M |
| Liberty Live Holdings Inc | 0.1% | Trimmed 0.4% | 11,330 | $1.2M |
| Exxon Mobil Corp | 0.1% | Trimmed 6.4% | 8,442 | $1.15M |
| Jpmorgan Chase & Co | 0.1% | Added 47% | 3,515 | $1.15M |
| VI Vanguard Index Fds | 0.1% | Added 2.1% | 1,492 | $1.02M |
| PM Philip Morris Intl Inc | 0.1% | Added 61% | 5,639 | $1.02M |
| Unitedhealth Group Inc | 0.1% | Unchanged | 2,119 | $881K |
| EL Eli Lilly & Co | 0.1% | Added 55% | 723 | $867K |
| Colgate Palmolive Co | 0.1% | Trimmed 9.2% | 8,735 | $801K |
| CC Clorox Co Del | 0.1% | Trimmed 15% | 8,216 | $784K |
| Cable One Inc | 0.1% | Trimmed 2.0% | 11,567 | $614K |
| HI Hingham Instn Svgs Mass | 0.1% | Added 100% | 2,000 | $614K |
| Rtx Corporation | 0.1% | Added 163% | 2,975 | $564K |
| Piper Sandler Companies | 0.1% | Unchanged | 7,600 | $550K |
| Abbvie Inc | 0.1% | Added 29% | 2,165 | $545K |
| IT Ishares Tr | 0.1% | New | 3,300 | $542K |
| Enbridge Inc | 0.1% | Trimmed 12% | 8,846 | $480K |
| Amphenol Corp | 0.1% | Trimmed 8.8% | 2,600 | $458K |
| Altria Group Inc | 0.0% | New | 6,280 | $452K |
| Kraft Heinz Co | 0.0% | Trimmed 1.0% | 18,377 | $434K |
| Amgen Inc | 0.0% | Added 63% | 1,171 | $424K |
| AD Automatic Data Processing In | 0.0% | Unchanged | 1,760 | $394K |
Showing top 60 of 77 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 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Zoetis Inc | Added | +193,760 | +$13.9M | 1.6% |
| BH Berkshire Hathaway Inc Del | Added | +21,573 | +$10.8M | 14.5% |
| BH Berkshire Hathaway Inc Del | Trimmed | −10 | −$7.49M | 0.3% |
| PH Post Hldgs Inc | Added | +68,362 | +$6.03M | 1.8% |
| Johnson & Johnson | Trimmed | −13,064 | −$3.32M | 2.9% |
| WM White Mtns Ins Group Ltd | Added | +1,272 | +$2.64M | 18.2% |
| CR Cnx Res Corp | Added | +73,055 | +$2.48M | 1.8% |
| SD Seaboard Corp Del | Trimmed | −525 | −$2.34M | 3.4% |
| Affiliated Managers Group | Trimmed | −4,540 | −$1.54M | 2.2% |
| GH Graham Hldgs Co | Added | +1,305 | +$1.49M | 19.6% |
Showing the 10 largest of 66 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| U Haul Holding Company | New | +541,890 | +$24.2M | 2.8% |
| I Iac Inc | Added | +235,503 | +$9.43M | 5.1% |
| IM Ingles Mkts Inc | Added | +46,658 | +$4.19M | 2.0% |
| Johnson & Johnson | Trimmed | −16,449 | −$4.02M | 3.3% |
| WM White Mtns Ins Group Ltd | Trimmed | −1,552 | −$3.41M | 19.9% |
| Johnson Outdoors Inc | Added | +59,546 | +$2.77M | 1.3% |
| Molson Coors Beverage Co | Added | +56,024 | +$2.41M | 2.3% |
| U Haul Holding Company | New | +46,645 | +$2.23M | 0.3% |
| GH Graham Hldgs Co | Trimmed | −1,997 | −$2.11M | 18.8% |
| SD Seaboard Corp Del | Trimmed | −317 | −$1.79M | 4.8% |
Showing the 10 largest of 61 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Unilever PLC | Exited | −275,150 | −$16.3M | — |
| GL Gci Liberty Inc | Added | +354,536 | +$13.2M | 2.3% |
| Unilever PLC | New | +191,192 | +$12.5M | 1.5% |
| MI Mohawk Inds Inc | Added | +60,982 | +$6.67M | 2.7% |
| Molson Coors Beverage Co | Trimmed | −128,118 | −$5.98M | 2.3% |
| I Iac Inc | Added | +145,635 | +$5.69M | 4.2% |
| GH Graham Hldgs Co | Trimmed | −5,164 | −$5.67M | 20.8% |
| Heartland Express Inc | Added | +374,874 | +$3.39M | 1.0% |
| BH Berkshire Hathaway Inc Del | Trimmed | −6,506 | −$3.27M | 14.8% |
| Johnson & Johnson | Trimmed | −15,627 | −$3.23M | 3.4% |
Showing the 10 largest of 67 changes.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| I Iac Inc | New | +738,140 | +$25.1M | 3.1% |
| SC Sunrise Communications Ag | Exited | −410,575 | −$23.2M | — |
| IM Ingles Mkts Inc | New | +144,520 | +$10.1M | 1.2% |
| GL Gci Liberty Inc | New | +151,441 | +$5.64M | 0.7% |
| Heartland Express Inc | New | +571,500 | +$4.79M | 0.6% |
| WM White Mtns Ins Group Ltd | Added | +2,453 | +$4.1M | 16.9% |
| Liberty Global Ltd | Trimmed | −179,052 | −$2.1M | 0.9% |
| Johnson & Johnson | Trimmed | −9,167 | −$1.7M | 3.5% |
| Johnson Outdoors Inc | Trimmed | −34,689 | −$1.4M | 1.2% |
| Tripadvisor Inc | Trimmed | −49,172 | −$800K | 0.6% |
Showing the 10 largest of 57 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| BH Berkshire Hathaway Inc Del | Trimmed | −43,240 | −$21M | 16.6% |
| SD Seaboard Corp Del | Added | +3,357 | +$9.61M | 3.0% |
| Molson Coors Beverage Co | Added | +173,278 | +$8.33M | 3.5% |
| MI Mohawk Inds Inc | Added | +59,615 | +$6.25M | 2.1% |
| Johnson & Johnson | Added | +22,588 | +$3.45M | 3.3% |
| Cable One Inc | Trimmed | −22,037 | −$2.99M | 0.3% |
| GH Graham Hldgs Co | Trimmed | −2,727 | −$2.58M | 20.9% |
| NP National Presto Inds Inc | Exited | −21,987 | −$1.93M | — |
| WM White Mtns Ins Group Ltd | Trimmed | −895 | −$1.61M | 19.3% |
| Johnson Outdoors Inc | Trimmed | −34,581 | −$1.05M | 1.1% |
Showing the 10 largest of 66 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SD Seaboard Corp Del | New | +4,327 | +$11.7M | 1.5% |
| Molson Coors Beverage Co | Added | +138,270 | +$8.42M | 2.8% |
| BH Berkshire Hathaway Inc Del | Trimmed | −10,982 | −$5.85M | 20.0% |
| MG Mercury Genl Corp New | Exited | −57,236 | −$3.81M | — |
| MI Mohawk Inds Inc | Added | +28,213 | +$3.22M | 1.3% |
| Apple Inc | Added | +4,568 | +$1.01M | 0.5% |
| SC Sunrise Communications Ag | Trimmed | −20,113 | −$971K | 2.6% |
| Tripadvisor Inc | Trimmed | −66,429 | −$941K | 0.6% |
| NP National Presto Inds Inc | Trimmed | −9,460 | −$832K | 0.2% |
| Cable One Inc | Trimmed | −2,938 | −$781K | 1.3% |
Showing the 10 largest of 63 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SC Sunrise Communications Ag | New | +441,313 | +$19M | 2.6% |
| Molson Coors Beverage Co | Added | +167,178 | +$9.58M | 1.7% |
| EC Equity Comwlth | Exited | −475,818 | −$9.47M | — |
| BH Berkshire Hathaway Inc Del | Trimmed | −11,330 | −$5.14M | 18.9% |
| WM White Mtns Ins Group Ltd | Trimmed | −2,208 | −$4.29M | 21.3% |
| Johnson Outdoors Inc | Trimmed | −62,096 | −$2.05M | 1.4% |
| GH Graham Hldgs Co | Trimmed | −2,236 | −$1.95M | 19.7% |
| Tripadvisor Inc | Trimmed | −128,288 | −$1.89M | 0.8% |
| IT Investors Title Co Nc | Exited | −6,642 | −$1.53M | — |
| Cable One Inc | Trimmed | −4,150 | −$1.5M | 2.1% |
Showing the 10 largest of 63 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| GM General Mls Inc | Trimmed | −189,176 | −$14M | 0.1% |
| Molson Coors Beverage Co | New | +54,540 | +$3.14M | 0.4% |
| D Dril-quip Inc | Exited | −124,923 | −$2.32M | — |
| WM White Mtns Ins Group Ltd | Added | +1,062 | +$1.8M | 18.9% |
| SH Siriusxm Holdings Inc | New | +70,044 | +$1.66M | 0.2% |
| LM Liberty Media Corp Del | Exited | −66,806 | −$1.48M | — |
| Johnson Outdoors Inc | Added | +37,433 | +$1.36M | 1.8% |
| Innovex International Inc | New | +80,161 | +$1.18M | 0.2% |
| EC Equity Comwlth | Trimmed | −54,432 | −$1.08M | 1.3% |
| Cable One Inc | Added | +3,041 | +$1.06M | 2.2% |
Showing the 10 largest of 71 changes.
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