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 2,003 50,850 SH   SOLE   43,850 0 7,000
ALLEGHANY CORP MD COM 017175100 9,382 11,077 SH   SOLE   6,927 0 4,150
ALPHABET INC CAP STK A 02079k305 150 54 SH   SOLE   0 0 54
ALPHABET INC CAP STK C 02079k107 23,464 8,401 SH   SOLE   5,714 0 2,687
BK OF AMERICA CORP COM 060505104 5,136 124,598 SH   SOLE   75,600 0 48,998
BARRICK GOLD CORP COM 067901108 9,029 368,080 SH   SOLE   186,315 0 181,765
BARRICK GOLD CORP COM 067901108 567 1,000 SH Call SOLE   1,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 31,733 89,919 SH   SOLE   54,516 0 35,403
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 3,592 63,502 SH   SOLE   40,050 0 23,452
BROOKFIELD ASSET MGMT REINS CL A EXCH LT VTG g16169107 24 415 SH   SOLE   270 0 145
BUILDERS FIRSTSOURCE INC COM 12008r107 11,094 171,900 SH   SOLE   108,600 0 63,300
CHUBB LIMITED COM h1467j104 775 3,625 SH   SOLE   180 0 3,445
DEVON ENERGY CORP NEW COM 25179m103 6,721 113,662 SH   SOLE   66,462 0 47,200
GLOBAL INDUSTRIAL COMPANY COM 37892e102 2,521 78,211 SH   SOLE   49,780 0 28,431
GUILD HLDGS CO CL A 40172n107 3,550 345,969 SH   SOLE   200,051 0 145,918
HESS MIDSTREAM LP CL A SHS 428103105 4,311 143,692 SH   SOLE   83,417 0 60,275
JEFFERIES FINL GROUP INC COM 47233w109 14,848 451,999 SH   SOLE   269,132 0 182,867
JPMORGAN CHASE & CO COM 46625h100 1,091 8,000 SH   SOLE   8,000 0 0
KKR & CO INC COM 48251w104 4,901 83,825 SH   SOLE   52,800 0 31,025
LENNAR CORP CL B 526057302 6,414 93,846 SH   SOLE   56,646 0 37,200
MARKEL CORP COM 570535104 3,467 2,350 SH   SOLE   285 0 2,065
META PLATFORMS INC CL A 30303m102 4,695 21,115 SH   SOLE   14,560 0 6,555
PROGRESSIVE CORP COM 743315103 6,899 60,520 SH   SOLE   37,675 0 22,845
RH COM 74967x103 1,252 3,840 SH   SOLE   2,715 0 1,125
STORE CAP CORP COM 862121100 6,219 212,755 SH   SOLE   133,200 0 79,555
VERIZON COMMUNICATIONS INC COM 92343v104 1,270 24,932 SH   SOLE   686 0 24,246
ALIBABA GROUP HOLDING LTD SPONSORED ADS 01609w102 2,544 23,380 SH   SOLE   13,275 0 10,105
ALIBABA GROUP HOLDING LTD SPONSORED ADS 01609w102 4 50 SH Call SOLE   50 0 0