Q3 2025 Holdings
Filed 2025-11-14 | 77 holdings | $804.7M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Graham Hldgs Co(GHC) | COM CL B | 384637104 | $191.0M | 162,232 | 23.7% |
| White Mtns INS Group LTD(WTM) | COM | G9618E107 | $136.2M | 81,489 | 16.9% |
| Berkshire Hathaway Inc del(BRK/B) | CL B NEW | 084670702 | $126.2M | 251,042 | 15.7% |
| Seaboard Corp del(SEB) | COM | 811543107 | $28.2M | 7,740 | 3.5% |
| Johnson & Johnson(JNJ) | COM | 478160104 | $27.9M | 150,446 | 3.5% |
| Loews Corp(L) | COM | 540424108 | $26.9M | 268,044 | 3.3% |
| IAC Inc(IAC) | COM NEW | 44891N208 | $25.1M | 738,140 | 3.1% |
| Molson Coors Beverage Co(TAP) | CL B | 60871R209 | $23.9M | 528,518 | 3.0% |
| Republic Svcs Inc(RSG) | COM | 760759100 | $20.5M | 89,547 | 2.6% |
| Mohawk Inds Inc(MHK) | COM | 608190104 | $19.0M | 147,240 | 2.4% |
| Unilever PLC | SPON ADR NEW | 904767704 | $16.3M | 275,150 | 2.0% |
| Affiliated Managers Group in(AMG) | COM | 008252108 | $16.0M | 66,900 | 2.0% |
| Liberty Global LTD(LBTYA) | COM CL A | G61188101 | $15.4M | 1,340,791 | 1.9% |
| CNX RES Corp(CNX) | COM | 12653C108 | $13.4M | 418,322 | 1.7% |
| Post Hldgs Inc(POST) | COM | 737446104 | $13.2M | 122,381 | 1.6% |
| Berkshire Hathaway Inc del(BRK/A) | CL A | 084670108 | $10.6M | 14 | 1.3% |
| Ingles Mkts Inc(IMKTA) | CL A | 457030104 | $10.1M | 144,520 | 1.2% |
| Johnson Outdoors Inc(JOUT) | CL A | 479167108 | $9.6M | 236,654 | 1.2% |
| Liberty Global LTD(LBTYK) | COM CL C | G61188127 | $7.2M | 614,217 | 0.9% |
| Liberty Broadband Corp(LBRDK) | COM SER C | 530307305 | $6.0M | 94,879 | 0.7% |
| GCI Liberty Inc(GLIBK) | COM SER C | 36164V800 | $5.6M | 151,441 | 0.7% |
| Heartland Express Inc(HTLD) | COM | 422347104 | $4.8M | 571,500 | 0.6% |
| Tripadvisor Inc(TRIP) | COM | 896945201 | $4.6M | 283,185 | 0.6% |
| Coca Cola Co(KO) | COM | 191216100 | $4.2M | 62,968 | 0.5% |
| Procter and Gamble Co(PG) | COM | 742718109 | $3.9M | 25,149 | 0.5% |
| Apple Inc(AAPL) | COM | 037833100 | $3.4M | 13,335 | 0.4% |
| Cable One Inc(CABO) | COM | 12685J105 | $2.7M | 15,358 | 0.3% |
| Alphabet Inc(GOOG) | CAP STK CL C | 02079K107 | $2.0M | 8,245 | 0.2% |
| Mondelez Intl Inc(MDLZ) | CL A | 609207105 | $2.0M | 31,532 | 0.2% |
| Microsoft Corp(MSFT) | COM | 594918104 | $1.7M | 3,257 | 0.2% |
| Hershey Co(HSY) | COM | 427866108 | $1.6M | 8,650 | 0.2% |
| Merck & Co Inc(MRK) | COM | 58933Y105 | $1.5M | 17,779 | 0.2% |
| Spdr S&P 500 ETF TR(SPY) | TR UNIT | 78462F103 | $1.5M | 2,177 | 0.2% |
| Mastercard Incorporated(MA) | CL A | 57636Q104 | $1.4M | 2,528 | 0.2% |
| Siriusxm Holdings Inc(SIRI) | COMMON STOCK | 829933100 | $1.3M | 55,981 | 0.2% |
| Visa Inc(V) | COM CL A | 92826C839 | $1.2M | 3,647 | 0.2% |
| Liberty Media Corp del(LLYVK*) | COM LBTY LIV S C | 531229722 | $1.2M | 12,832 | 0.2% |
| Clorox Co del(CLX) | COM | 189054109 | $1.1M | 8,861 | 0.1% |
| Exxon Mobil Corp(XOM) | COM | 30231G102 | $1.0M | 8,978 | 0.1% |
| Vanguard Index FDS(VOO) | S&P 500 ETF SHS | 922908363 | $901.1K | 1,471 | 0.1% |
| Colgate Palmolive Co(CL) | COM | 194162103 | $824.6K | 10,315 | 0.1% |
| Alphabet Inc(GOOGL) | CAP STK CL A | 02079K305 | $772.3K | 3,177 | 0.1% |
| Unitedhealth Group Inc(UNH) | COM | 91324P102 | $731.7K | 2,119 | 0.1% |
| JPMorgan Chase & Co.(JPM) | COM | 46625H100 | $728.8K | 2,310 | 0.1% |
| Piper Sandler Companies(PIPR) | COM | 724078100 | $659.3K | 1,900 | 0.1% |
| Kraft Heinz Co(KHC) | COM | 500754106 | $570.2K | 21,896 | 0.1% |
| Philip Morris Intl Inc(PM) | COM | 718172109 | $569.5K | 3,511 | 0.1% |
| Chevron Corp New(CVX) | COM | 166764100 | $546.5K | 3,520 | 0.1% |
| Zoetis Inc(ZTS) | CL A | 98978V103 | $540.1K | 3,691 | 0.1% |
| Enbridge Inc(ENB) | COM | 29250N105 | $522.1K | 10,346 | 0.1% |