The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN EXPRESS CO COM 025816109   400,926,343 1,760,843 SH   SOLE   0 0 1,760,843
AMGEN INC COM 031162100   305,317,316 1,073,851 SH   SOLE   0 0 1,073,851
APA CORPORATION COM 03743Q108   266,764,287 7,759,287 SH   SOLE   0 0 7,759,287
BANK AMERICA CORP COM 060505104   275,501,389 7,265,332 SH   SOLE   0 0 7,265,332
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   81,611,998 194,074 SH   SOLE   0 0 194,074
CANADA GOOSE HLDGS INC SHS SUB VTG 135086106   3,600,475 298,533 SH   SOLE   0 0 298,533
CENOVUS ENERGY INC COM 15135U109   86,440,912 4,322,101 SH   SOLE   0 0 4,322,101
CONOCOPHILLIPS COM 20825C104   256,024,738 2,011,508 SH   SOLE   0 0 2,011,508
CREDIT ACCEP CORP MICH COM 225310101   104,948,382 190,279 SH   SOLE   0 0 190,279
D R HORTON INC COM 23331A109   379,175,691 2,304,319 SH   SOLE   0 0 2,304,319
DEVON ENERGY CORP NEW COM 25179M103   270,139,514 5,383,410 SH   SOLE   0 0 5,383,410
EBAY INC. COM 278642103   180,040,655 3,411,153 SH   SOLE   0 0 3,411,153
FIFTH THIRD BANCORP COM 316773100   75,769,830 2,036,276 SH   SOLE   0 0 2,036,276
FRONTLINE PLC COM M46528101   13,991,177 614,726 SH   SOLE   0 0 614,726
HOME DEPOT INC COM 437076102   181,295,498 472,616 SH   SOLE   0 0 472,616
JPMORGAN CHASE & CO COM 46625H100   290,656,131 1,451,104 SH   SOLE   0 0 1,451,104
LENNAR CORP CL A 526057104   419,955,038 2,441,883 SH   SOLE   0 0 2,441,883
M & T BK CORP COM 55261F104   65,757,205 452,126 SH   SOLE   0 0 452,126
MACERICH CO COM 554382101   322,362,324 18,709,363 SH   SOLE   0 0 18,709,363
MERCK & CO INC COM 58933Y105   402,048,351 3,046,975 SH   SOLE   0 0 3,046,975
NVR INC COM 62944T105   268,602,774 33,161 SH   SOLE   0 0 33,161
OCCIDENTAL PETE CORP *W EXP 08/03/202 674599162   12,136,960 281,600 SH   SOLE   0 0 281,600
OCCIDENTAL PETE CORP COM 674599105   407,808,091 6,274,936 SH   SOLE   0 0 6,274,936
OVINTIV INC COM 69047Q102   299,525,072 5,771,196 SH   SOLE   0 0 5,771,196
QUALCOMM INC COM 747525103   132,020,479 779,802 SH   SOLE   0 0 779,802
SIMON PPTY GROUP INC NEW COM 828806109   375,442,201 2,399,145 SH   SOLE   0 0 2,399,145
TARGET CORP COM 87612E106   201,995,477 1,139,865 SH   SOLE   0 0 1,139,865
U HAUL HOLDING COMPANY COM 023586100   36,981,797 547,554 SH   SOLE   0 0 547,554
U HAUL HOLDING COMPANY COM SER N 023586506   145,105,015 2,176,140 SH   SOLE   0 0 2,176,140
WARNER BROS DISCOVERY INC COM SER A 934423104   57,639,485 6,602,461 SH   SOLE   0 0 6,602,461
WEST FRASER TIMBER CO LTD COM 952845105   10,725,940 124,170 SH   SOLE   0 0 124,170
WESTERN ALLIANCE BANCORP COM 957638109   79,351,935 1,236,204 SH   SOLE   0 0 1,236,204