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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACADEMY SPORTS & OUTDOORS IN COM 00402l107 1,572 35,800 SH   SOLE   29,150 0 6,650
ALLEGHANY CORP MD COM 017175100 6,611 9,903 SH   SOLE   5,933 0 3,970
ALPHABET INC CAP STK CL A 02079k305 151 52 SH   SOLE   0 0 52
ALPHABET INC CAP STK CL C 02079k107 24,274 8,389 SH   SOLE   5,709 0 2,680
BK OF AMERICA CORP COM 060505104 5,543 124,598 SH   SOLE   75,600 0 48,998
BARRICK GOLD CORP COM 067901108 8,001 421,080 SH   SOLE   239,315 0 181,765
BARRICK GOLD CORP COM 067901108 79 500 SH Call SOLE   500 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 26,886 89,919 SH   SOLE   54,516 0 35,403
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 3,834 63,502 SH   SOLE   40,050 0 23,452
BROOKFIELD ASSET MGMT REINS CL A EXCH LT VTG g16169107 26 415 SH   SOLE   270 0 145
BUILDERS FIRSTSOURCE INC COM 12008r107 14,734 171,900 SH   SOLE   108,600 0 63,300
CHUBB LIMITED COM h1467j104 701 3,625 SH   SOLE   180 0 3,445
DEVON ENERGY CORP NEW COM 25179m103 5,892 133,762 SH   SOLE   68,512 0 65,250
GLOBAL INDUSTRIAL COMPANY COM 37892e102 2,288 55,951 SH   SOLE   33,935 0 22,016
GUILD HLDGS CO CL A 40172n107 4,854 345,969 SH   SOLE   200,051 0 145,918
HESS MIDSTREAM LP CL A SHS 428103105 4,022 145,563 SH   SOLE   83,417 0 62,146
JEFFERIES FINL GROUP INC COM 47233w109 17,522 451,599 SH   SOLE   269,132 0 182,467
JPMORGAN CHASE & CO COM 46625h100 1,267 8,000 SH   SOLE   8,000 0 0
KKR & CO INC COM 48251w104 5,493 73,725 SH   SOLE   48,050 0 25,675
LENNAR CORP CL B 526057302 8,266 86,446 SH   SOLE   56,246 0 30,200
MARKEL CORP COM 570535104 2,900 2,350 SH   SOLE   285 0 2,065
META PLATFORMS INC. CL A 30303m102 4,144 12,320 SH   SOLE   7,870 0 4,450
PG&E CORP COM 69331c108 4,961 408,675 SH   SOLE   241,550 0 167,125
PROGRESSIVE CORP COM 743315103 6,212 60,520 SH   SOLE   37,675 0 22,845
STORE CAP CORP COM 862121100 6,827 198,451 SH   SOLE   123,000 0 75,451
VERIZON COMMUNICATIONS INC COM 92343v104 1,327 25,532 SH   SOLE   686 0 24,846
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609w102 2,777 23,380 SH   SOLE   13,275 0 10,105
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609w102 27 140 SH Call SOLE   140 0 0