Q4 2025 Holdings
Filed 2026-02-13 | 30 holdings | $2.8B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Meta Platforms(META) | Cl A | 30303M102 | $330.0M | 500,000 | 11.8% |
| Alphabet Inc(GOOG) | Class C | 02079K107 | $313.8M | 1,000,000 | 11.2% |
| Western Alliance Bancorp(WAL) | COM | 957638109 | $210.2M | 2,500,000 | 7.5% |
| Chubb Limited(CB) | COM | H1467J104 | $140.5M | 450,000 | 5.0% |
| Webster Financial Corp(WBS) | COM | 947890109 | $125.9M | 2,000,000 | 4.5% |
| Axos Financial Inc(AX) | COM | 05465C100 | $125.6M | 1,457,219 | 4.5% |
| Global Payments Inc.(GPN) | COM | 37940X102 | $108.4M | 1,400,000 | 3.9% |
| Markel(MKL) | COM | 570535104 | $107.5M | 50,000 | 3.8% |
| Corebridge Financial(CRBG) | COM | 21871X109 | $105.6M | 3,500,000 | 3.8% |
| Visa Inc Com(V) | COM | 92826C839 | $105.2M | 300,000 | 3.8% |
| Accenture PLC Cl A(ACN) | COM | G1151C101 | $93.9M | 350,000 | 3.4% |
| First American Financial Corp(FAF) | COM | 31847R102 | $92.2M | 1,500,000 | 3.3% |
| Berkshire Hathaway Inc Del Cl A Frmly(BRK/A) | CL A | 084670108 | $90.6M | 120 | 3.2% |
| Berkshire Hathaway Inc Del Cl B Frmly(BRK/B) | CL B | 084670702 | $90.5M | 180,000 | 3.2% |
| M&T Bank(MTB) | COM | 55261F104 | $80.6M | 400,000 | 2.9% |
| Alibaba(BABA) | Sponsored ADS | 01609W102 | $73.3M | 500,000 | 2.6% |
| Servisfirst Bancshares Inc(SFBS) | COM | 81768T108 | $62.8M | 875,376 | 2.3% |
| Carlyle Group(CG) | COM | 14316J108 | $59.1M | 1,000,000 | 2.1% |
| Five Star Bancorp(FSBC) | COM | 33830T103 | $54.1M | 1,511,500 | 1.9% |
| Arch Capital Group LTD(ACGL) | COM | G0450A105 | $52.8M | 550,000 | 1.9% |
| Equity Residential(EQR) | SH BEN INT | 29476L107 | $50.4M | 800,000 | 1.8% |
| TriCo Bancshares(TCBK) | COM | 896095106 | $49.6M | 1,046,900 | 1.8% |
| Mastercard Inc(MA) | COM | 57636Q104 | $48.5M | 85,000 | 1.7% |
| Ameris Bancorp(ABCB) | COM | 03076K108 | $46.2M | 621,800 | 1.7% |
| Raymond James Financial Inc(RJF) | COM | 754730109 | $43.4M | 270,000 | 1.6% |
| FB Financial Corp(FBK) | COM | 30257X104 | $34.6M | 619,236 | 1.2% |
| Old Second Bancorp(OSBC) | COM | 680277100 | $34.0M | 1,745,523 | 1.2% |
| US Bancorp Del Com New(USB) | COM | 902973304 | $32.0M | 600,000 | 1.1% |
| CNB Financial Corp PA(CCNE) | COM | 126128107 | $24.9M | 950,000 | 0.9% |
| Timberland Bancorp Inc(TSBK) | COM | 887098101 | $6.2M | 174,476 | 0.2% |