Q2 2025 Holdings
Filed 2025-08-13 | 31 holdings | $2.6B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Meta Platforms(META) | Cl A | 30303M102 | $369.0M | 500,000 | 14.4% |
| Western Alliance Bancorp(WAL) | COM | 957638109 | $195.0M | 2,500,000 | 7.6% |
| Alphabet Inc(GOOG) | Class C | 02079K107 | $177.4M | 1,000,000 | 6.9% |
| Chubb Limited(CB) | COM | H1467J104 | $130.4M | 450,000 | 5.1% |
| State Street Corp(STT) | COM | 857477103 | $127.6M | 1,200,000 | 5.0% |
| Corebridge Financial(CRBG) | COM | 21871X109 | $124.3M | 3,500,000 | 4.8% |
| Global Payments Inc.(GPN) | COM | 37940X102 | $112.1M | 1,400,000 | 4.4% |
| Axos Financial Inc(AX) | COM | 05465C100 | $110.8M | 1,457,219 | 4.3% |
| Webster Financial Corp(WBS) | COM | 947890109 | $109.2M | 2,000,000 | 4.3% |
| Visa Inc Com(V) | COM | 92826C839 | $106.5M | 300,000 | 4.1% |
| Markel(MKL) | COM | 570535104 | $99.9M | 50,000 | 3.9% |
| Berkshire Hathaway Inc Del Cl A Frmly(BRK/A) | CL A | 084670108 | $87.5M | 120 | 3.4% |
| Berkshire Hathaway Inc Del Cl B Frmly(BRK/B) | CL B | 084670702 | $87.4M | 180,000 | 3.4% |
| Carlyle Group(CG) | COM | 14316J108 | $77.1M | 1,500,000 | 3.0% |
| M&T Bank(MTB) | COM | 55261F104 | $63.0M | 325,000 | 2.5% |
| Servisfirst Bancshares Inc(SFBS) | COM | 81768T108 | $59.2M | 763,562 | 2.3% |
| Alibaba(BABA) | Sponsored ADS | 01609W102 | $56.7M | 500,000 | 2.2% |
| Equity Residential(EQR) | SH BEN INT | 29476L107 | $54.0M | 800,000 | 2.1% |
| Arch Capital Group LTD(ACGL) | COM | G0450A105 | $50.1M | 550,000 | 1.9% |
| Mastercard Inc(MA) | COM | 57636Q104 | $47.8M | 85,000 | 1.9% |
| Five Star Bancorp(FSBC) | COM | 33830T103 | $43.1M | 1,511,500 | 1.7% |
| TriCo Bancshares(TCBK) | COM | 896095106 | $42.4M | 1,046,900 | 1.7% |
| Raymond James Financial Inc(RJF) | COM | 754730109 | $41.4M | 270,000 | 1.6% |
| Ameris Bancorp(ABCB) | COM | 03076K108 | $40.2M | 621,800 | 1.6% |
| Jones Lange Lasalle Inc.(JLL) | COM | 48020Q107 | $33.1M | 129,346 | 1.3% |
| Southern States Bancshares(SSBK) | COM | 843878307 | $28.2M | 774,046 | 1.1% |
| US Bancorp Del Com New(USB) | COM | 902973304 | $27.2M | 600,000 | 1.1% |
| Old Second Bancorp(OSBC) | COM | 680277100 | $24.6M | 1,384,502 | 1.0% |
| CNB Financial Corp PA(CCNE) | COM | 126128107 | $20.4M | 894,033 | 0.8% |
| First American Financial Corp(FAF) | COM | 31847R102 | $17.7M | 288,358 | 0.7% |
| Timberland Bancorp Inc(TSBK) | COM | 887098101 | $5.4M | 174,476 | 0.2% |