Q4 2025 Holdings
Filed 2026-01-20 | 62 holdings | $336.0M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Texas Pacific Land Corp(TPL) | COM | 88262P102 | $32.8M | 114,220 | 9.8% |
| Berkshire Hathaway Inc Cl B(BRK/B) | COM | 084670702 | $22.6M | 44,899 | 6.7% |
| Arthur J Gallagher & Co(AJG) | COM | 363576109 | $16.6M | 64,329 | 5.0% |
| Microsoft Corp(MSFT) | COM | 594918104 | $16.5M | 34,045 | 4.9% |
| HCA Healthcare Inc(HCA) | COM | 40412C101 | $13.7M | 29,373 | 4.1% |
| Aflac Inc(AFL) | COM | 001055102 | $13.7M | 123,861 | 4.1% |
| Phillips 66(PSX) | COM | 718546104 | $13.3M | 102,964 | 4.0% |
| Alphabet Inc Cl C(GOOG) | COM | 02079K107 | $12.7M | 40,434 | 3.8% |
| Lincoln Electric Holdings Inc(LECO) | COM | 533900106 | $11.8M | 49,230 | 3.5% |
| Chubb Corp(CB) | COM | H1467J104 | $10.7M | 34,397 | 3.2% |
| Disney Walt(DIS) | COM | 254687106 | $10.3M | 90,789 | 3.1% |
| Fifth Third Bancorp(FITB) | COM | 316773100 | $9.7M | 206,979 | 2.9% |
| Hershey Foods Corp(HSY) | COM | 427866108 | $9.4M | 51,571 | 2.8% |
| Asbury Automotive Group(ABG) | COM | 043436104 | $9.3M | 40,111 | 2.8% |
| Johnson & Johnson(JNJ) | COM | 478160104 | $9.3M | 44,866 | 2.8% |
| Nelnet(NNI) | COM | 64031N108 | $8.8M | 66,142 | 2.6% |
| Thermo Fisher Corp(TMO) | COM | 883556102 | $8.1M | 14,047 | 2.4% |
| Elevance Health Inc(ELV) | COM | 036752103 | $7.1M | 20,212 | 2.1% |
| Brookfield Corporation(BN) | COM | 11271J107 | $7.0M | 152,993 | 2.1% |
| Canadian Pacific Kansas City L(CP) | COM | 13646K108 | $6.9M | 94,216 | 2.1% |
| Cullen t Bankers, Inc.(CFR) | COM | 229899109 | $6.8M | 53,723 | 2.0% |
| Charles River Labs Int'l(CRL) | COM | 159864107 | $6.3M | 31,638 | 1.9% |
| Bruker Corp(BRKR) | COM | 116794108 | $6.2M | 131,535 | 1.8% |
| Berkshire Hathaway Inc Cl A(BRK/A) | COM | 084670108 | $6.0M | 8 | 1.8% |
| Vulcan Materials Co(VMC) | COM | 929160109 | $5.6M | 19,771 | 1.7% |
| Pfizer Inc(PFE) | COM | 717081103 | $4.8M | 192,771 | 1.4% |
| Chevron Corp(CVX) | COM | 166764100 | $4.8M | 31,404 | 1.4% |
| Keysight Technologies Inc(KEYS) | COM | 49338L103 | $4.2M | 20,785 | 1.3% |
| MSC Industrial Direct Co.(MSM) | COM | 553530106 | $3.7M | 44,103 | 1.1% |
| LKQ Corporation(LKQ) | COM | 501889208 | $3.5M | 117,387 | 1.1% |
| Canadian National Railway Co(CNI) | COM | 136375102 | $3.4M | 34,184 | 1.0% |
| MarineMax, Inc.(HZO) | COM | 567908108 | $3.2M | 131,498 | 0.9% |
| Brookfield Asset Management Lt(BAM) | COM | 113004105 | $2.9M | 55,556 | 0.9% |
| McDonalds Corp(MCD) | COM | 580135101 | $2.7M | 8,955 | 0.8% |
| Civitas Resources Inc.(CIVI) | COM | 17888H103 | $2.7M | 99,147 | 0.8% |
| Sky Harbour Group Corp Cl A(SKYH) | COM | 83085C107 | $2.5M | 273,812 | 0.7% |
| Spdr S&P 500(SPY) | COM | 78462F103 | $1.5M | 2,265 | 0.5% |
| Crimson Wine Group Ltd(CWGL) | COM | 22662X100 | $1.3M | 267,498 | 0.4% |
| Dino Polska SA Adr | COM | 25445T106 | $1.1M | 97,135 | 0.3% |
| Costco Wholesale Corp(COST) | COM | 22160K105 | $1.1M | 1,281 | 0.3% |
| Constellium SE(CSTM) | COM | F21107101 | $1.0M | 54,020 | 0.3% |
| Coca Cola Co(KO) | COM | 191216100 | $996.3K | 14,251 | 0.3% |
| Pepsico Inc(PEP) | COM | 713448108 | $965.6K | 6,728 | 0.3% |
| Procter & Gamble Co(PG) | COM | 742718109 | $962.3K | 6,715 | 0.3% |
| Costamare Inc. 8.50 Preferred | PRD | Y1771G128 | $830.1K | 30,893 | 0.2% |
| Apple Inc(AAPL) | COM | 037833100 | $761.2K | 2,800 | 0.2% |
| Nestle S.A. Spons ADR(NSRGY) | COM | 641069406 | $716.1K | 7,205 | 0.2% |
| Auto Zone Inc(AZO) | COM | 053332102 | $583.3K | 172 | 0.2% |
| First National of Nebraska Inc(FINN) | COM | 335720108 | $465.0K | 30 | 0.1% |
| Amazon.com Inc(AMZN) | COM | 023135106 | $415.5K | 1,800 | 0.1% |