Q3 2025 Holdings
Filed 2025-10-14 | 51 holdings | $696.0M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Berkshire Hathaway CL B(BRK/B) | COM | 084670702 | $48.6M | 96,594 | 7.0% |
| Newmont Goldcorp(NEM) | COM | 651639106 | $48.3M | 573,053 | 6.9% |
| Exxon Mobil(XOM) | COM | 30231G102 | $47.4M | 420,628 | 6.8% |
| Teck Resources LTD CL B(TECK) | COM | 878742204 | $41.8M | 951,919 | 6.0% |
| Chevron(CVX) | COM | 166764100 | $36.2M | 232,982 | 5.2% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $35.7M | 212,049 | 5.1% |
| Dollar General Corp(DG) | COM | 256677105 | $29.3M | 283,634 | 4.2% |
| Verizon Communications Inc COM(VZ) | COM | 92343V104 | $27.4M | 622,441 | 3.9% |
| Conocophillips(COP) | COM | 20825C104 | $26.9M | 284,450 | 3.9% |
| Pfizer Inc COM(PFE) | COM | 717081103 | $23.0M | 903,641 | 3.3% |
| Mosaic(MOS) | COM | 61945C103 | $22.3M | 643,147 | 3.2% |
| Federated Hermes, Inc(FHI) | COM | 314211103 | $20.6M | 396,828 | 3.0% |
| Barrick Gold Corp(B) | COM | 06849F108 | $19.6M | 597,996 | 2.8% |
| Intel Corp.(INTC) | COM | 458140100 | $17.9M | 532,473 | 2.6% |
| LKQ Corp(LKQ) | COM | 501889208 | $17.7M | 580,193 | 2.5% |
| Merck and Co. Inc.(MRK) | COM | 58933Y105 | $16.0M | 190,778 | 2.3% |
| Ambev SA Spon ADR(ABEV) | COM | 02319V103 | $15.4M | 6,883,476 | 2.2% |
| Franklin Resources Inc COM(BEN) | COM | 354613101 | $13.5M | 585,240 | 1.9% |
| Loews(L) | COM | 540424108 | $12.7M | 126,338 | 1.8% |
| Sanofi(SNY) | COM | 80105N105 | $12.2M | 258,047 | 1.7% |
| Gilead Sciences Inc(GILD) | COM | 375558103 | $12.1M | 109,045 | 1.7% |
| Permian Basin Royalty Trust(PBT) | COM | 714236106 | $11.7M | 642,507 | 1.7% |
| HP Inc(HPQ) | COM | 40434L105 | $10.2M | 375,314 | 1.5% |
| Park Aerospace Corp(PKE) | COM | 70014A104 | $10.2M | 500,493 | 1.5% |
| Nutrien LTD(NTR) | COM | 67077M108 | $10.0M | 170,779 | 1.4% |
| Novo-Nordisk ADR(NVO) | COM | 670100205 | $9.3M | 167,766 | 1.3% |
| Freeport-Mcmoran Inc.(FCX) | COM | 35671D857 | $8.7M | 221,826 | 1.3% |
| Phillips 66(PSX) | COM | 718546104 | $8.6M | 62,869 | 1.2% |
| Kraft Heinz Company(KHC) | COM | 500754106 | $8.1M | 312,468 | 1.2% |
| Cenovus Energy, Inc.(CVE) | COM | 15135U109 | $8.1M | 474,023 | 1.2% |
| Tsakos Energy Navigation LTD(TEN) | COM | G9108L173 | $7.8M | 352,024 | 1.1% |
| Tejon Ranch Co(TRC) | COM | 879080109 | $7.8M | 485,080 | 1.1% |
| Bristol Myers Squibb(BMY) | COM | 110122108 | $6.9M | 154,035 | 1.0% |
| CNH Industrial NV(CNH) | COM | N20944109 | $6.9M | 636,914 | 1.0% |
| Comcast(CMCSA) | COM | 20030N101 | $6.6M | 210,783 | 1.0% |
| Apache Corp(APA) | COM | 03743Q108 | $5.6M | 229,463 | 0.8% |
| Cameco Corp(CCJ) | COM | 13321L108 | $4.8M | 57,066 | 0.7% |
| Devon Energy(DVN) | COM | 25179M103 | $4.3M | 121,635 | 0.6% |
| Berkshire Hathaway HLD A(BRK/A) | COM | 084670108 | $3.8M | 5 | 0.5% |
| Ovintiv Inc(OVV) | COM | 69047Q102 | $3.7M | 91,523 | 0.5% |
| Graftech International LTD(EAF) | COM | 384313607 | $2.2M | 172,648 | 0.3% |
| Wal-Mart Stores(WMT) | COM | 931142103 | $1.8M | 17,502 | 0.3% |
| Marathon Petroleum Corp(MPC) | COM | 56585A102 | $950.0K | 4,929 | 0.1% |
| The Travelers Cos., Inc.(TRV) | COM | 89417E109 | $646.4K | 2,315 | 0.1% |
| Imperial Oil LTD(IMO) | COM | 453038408 | $630.2K | 6,945 | 0.1% |
| Chubb LTD Inc(CB) | COM | H1467J104 | $600.9K | 2,129 | 0.1% |
| Transocean, LTD(RIG) | COM | H8817H100 | $592.2K | 189,807 | 0.1% |
| International Business Machine(IBM) | COM | 459200101 | $394.7K | 1,399 | 0.1% |
| Raytheon Technologies(RTX) | COM | 75513E101 | $292.7K | 1,749 | 0.0% |
| Johnson and Johnson(JNJ) | COM | 478160104 | $205.1K | 1,106 | 0.0% |