3M CO COM 88579Y101 384860 2650 SH SOLE 0 0 2650 ABBOTT LABORATORIES COM 002824100 485321 4727 SH SOLE 0 0 4727 AGNICO EAGLE MINES LTD COM 008474108 493850 2433 SH SOLE 0 0 2433 AIR PRODUCTS AND CHEMICALS I COM 009158106 1109472 3819 SH SOLE 0 0 3819 ALPHA METALLURGICAL RESOUR I COM 020764106 5431855 26462 SH SOLE 0 0 26462 ALPHABET INC CAP STK CL A 02079K305 367214 1277 SH SOLE 0 0 1277 AMBEV SA SPONSORED ADR 02319V103 2062422 706309 SH SOLE 0 0 706309 AMC NETWORKS INC CL A 00164V103 196571 28950 SH SOLE 0 0 28950 AMENTUM HOLDINGS INC COM 023939101 1877369 71985 SH SOLE 0 0 71985 AMERICAN CENTY ETF TR US SML CP VALU 025072877 18435936 166886 SH SOLE 0 0 166886 AMERICAN CENTY ETF TR INTL SMCP VLU 025072802 13376952 133957 SH SOLE 0 0 133957 AMERICAN CENTY ETF TR AVANTIS EMGMKT 025072604 6177455 76662 SH SOLE 0 0 76662 AMERICAN CENTY ETF TR EMERGING MKT VAL 025072372 1029564 17165 SH SOLE 0 0 17165 AMERICAN EXPRESS CO COM 025816109 1302270 4305 SH SOLE 0 0 4305 AMERICAN INTL GROUP INC COM NEW 026874784 1601019 21276 SH SOLE 0 0 21276 AMGEN INC COM 031162100 2713624 7712 SH SOLE 0 0 7712 ANTERO RESOURCES CORP COM 03674X106 6584736 155154 SH SOLE 0 0 155154 APPLE INC COM 037833100 3691067 14544 SH SOLE 0 0 14543 APPLIED MATLS INC COM 038222105 702378 2055 SH SOLE 0 0 2055 ARCOS DORADOS HLDGS INC SHS CLASS -A - G0457F107 162236 19665 SH SOLE 0 0 19665 ARQ INC COM 00770C101 28928 11300 SH SOLE 0 0 11300 ASSURED GUARANTY LTD COM G0585R106 819118 10053 SH SOLE 0 0 10053 BANK AMERICA CORP COM 060505104 251599 5161 SH SOLE 0 0 5161 BANK NEW YORK MELLON CORP COM 064058100 2404630 20270 SH SOLE 0 0 20270 BERKLEY W R CORP COM 084423102 41795711 630593 SH SOLE 0 0 630593 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 76047123 158696 SH SOLE 0 0 158696 BERKSHIRE HATHAWAY INC DEL CL A 084670108 5026980 7 SH SOLE 0 0 7 BLACK STONE MINERALS L P COM UNIT 09225M101 2020803 133651 SH SOLE 0 0 133651 BRISTOW GROUP INC COM 11040G103 1094572 23343 SH SOLE 0 0 23343 BROADCOM INC COM 11135F101 1052334 3400 SH SOLE 0 0 3400 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1705878 10499 SH SOLE 0 0 10499 BROOKFIELD CORP CL A LTD VT SH 11271J107 18344930 453297 SH SOLE 0 0 453297 BURFORD CAPITAL LIMITED ORD SHS G17977110 2103034 465273 SH SOLE 0 0 465273 CABLE ONE INC COM 12685J105 625268 6855 SH SOLE 0 0 6855 CALIFORNIA RES CORP COM STOCK 13057Q305 1559010 22523 SH SOLE 0 0 22522 CANADIAN NAT RES LTD MED TER COM 136385101 11398775 233917 SH SOLE 0 0 233917 CAPITAL SOUTHWEST CORP COM 140501107 536498 24254 SH SOLE 0 0 24254 CARLISLE COS INC COM 142339100 989183 2965 SH SOLE 0 0 2965 CENOVUS ENERGY INC COM 15135U109 9637978 363286 SH SOLE 0 0 363286 CHEVRON CORPORATION COM 166764100 1876169 9068 SH SOLE 0 0 9068 CNA FINL CORP COM 126117100 319420 6956 SH SOLE 0 0 6956 COLGATE PALMOLIVE CO COM 194162103 255690 3000 SH SOLE 0 0 3000 COMCAST CORP NEW CL A 20030N101 213229 7427 SH SOLE 0 0 7427 CONOCOPHILLIPS COM 20825C104 2170573 16444 SH SOLE 0 0 16443 CORTEVA INC COM 22052L104 1030055 12305 SH SOLE 0 0 12305 COSTCO WHOLESALE CORPORATION COM 22160K105 958566 962 SH SOLE 0 0 962 COTERRA ENERGY INC COM 127097103 3648903 103839 SH SOLE 0 0 103839 CREDIT ACCEP CORP MICH COM 225310101 5587555 13195 SH SOLE 0 0 13195 CRESCENT ENERGY COMPANY CL A COM 44952J104 2725360 201878 SH SOLE 0 0 201878 CRITEO S A SPONS ADS 226718104 181093 10100 SH SOLE 0 0 10100 CRONOS GROUP INC COM 22717L101 74861 29825 SH SOLE 0 0 29825 CROSS TIMBERS RTY TR TR UNIT 22757R109 115322 10900 SH SOLE 0 0 10900 CSW INDUSTRIALS INC COM 126402106 268397 1030 SH SOLE 0 0 1030 CUSTOMERS BANCORP INC COM 23204G100 2542697 36633 SH SOLE 0 0 36633 DAILY JOURNAL CORP COM 233912104 332332 689 SH SOLE 0 0 689 DEVON ENERGY CORP NEW COM 25179M103 2146098 42649 SH SOLE 0 0 42649 DIMENSIONAL ETF TRUST INTL CORE EQT MK 25434V203 1570521 40311 SH SOLE 0 0 40311 DIMENSIONAL ETF TRUST US CORE EQUITY 2 25434V708 498498 12828 SH SOLE 0 0 12828 DIMENSIONAL ETF TRUST INTERNATNAL VAL 25434V807 14243496 269865 SH SOLE 0 0 269865 DIMENSIONAL ETF TRUST INTL HIGH PROFIT 25434V765 1391426 43185 SH SOLE 0 0 43185 DIMENSIONAL ETF TRUST INTL SMALL CAP V 25434V781 2703691 68552 SH SOLE 0 0 68552 DIMENSIONAL ETF TRUST US LARGE CAP VAL 25434V666 2056325 57584 SH SOLE 0 0 57584 DIMENSIONAL ETF TRUST EMERGING MKTS VA 25434V740 324525 9070 SH SOLE 0 0 9070 DIVERSIFIED ENERGY CO COMMON STOCK 25520W107 2920241 167445 SH SOLE 0 0 167445 DORCHESTER MINERALS L P COM UNIT 25820R105 1157483 42712 SH SOLE 0 0 42711 DOW HLDGS INC COM 260557103 498769 11975 SH SOLE 0 0 11975 DUPONT DE NEMOURS INC COM 26614N102 550432 12018 SH SOLE 0 0 12018 ELECTROVAYA INC COM NEW 28617B606 216028 27625 SH SOLE 0 0 27625 EMERSON ELEC CO COM 291011104 1842403 14062 SH SOLE 0 0 14062 ENBRIDGE INC COM 29250N105 271404 5013 SH SOLE 0 0 5013 ENERGY TRANSFER L P 9.250% FXD PFD I 29273V704 239464 20697 SH SOLE 0 0 20697 ENTERGY CORP NEW COM 29364G103 241012 2145 SH SOLE 0 0 2145 EQT CORP COM 26884L109 949597 14921 SH SOLE 0 0 14921 EXPAND ENERGY CORPORATION COM 165167735 285538 2601 SH SOLE 0 0 2601 EXXON MOBIL CORP COM 30231G102 334909 1974 SH SOLE 0 0 1974 FAIRFAX FINL HLDGS LTD SUB VTG Stock 303901102 49587415 29102 SH SOLE 0 0 29102 FIFTH THIRD BANCORP COM 316773100 830705 17880 SH SOLE 0 0 17880 FIRST CTZNS BANCSHARES INC D CL A 31946M103 1999624 1061 SH SOLE 0 0 1061 FREEPORT MCMORAN INC CL B 35671D857 3158361 53732 SH SOLE 0 0 53731 GENERAL AMERN INVS CO INC COM 368802104 1189912 20351 SH SOLE 0 0 20350 GENERAL DYNAMICS CORP COM 369550108 695021 2025 SH SOLE 0 0 2025 GEOSPACE TECHNOLOGIES CORP COM 37364X109 293788 24081 SH SOLE 0 0 24081 GRAHAM HLDGS CO COM CL B 384637104 3640378 3443 SH SOLE 0 0 3443 GREENLIGHT CAP RE LTD CLASS A G4095J109 790326 45710 SH SOLE 0 0 45710 HALLIBURTON CO COM 406216101 4122520 105733 SH SOLE 0 0 105732 HERSHEY CO COM 427866108 439479 2114 SH SOLE 0 0 2114 IDT CORP CL B NEW 448947507 275844 5618 SH SOLE 0 0 5618 ILLINOIS TOOL WKS INC COM 452308109 286319 1100 SH SOLE 0 0 1100 IMPERIAL OIL LTD COM NEW 453038408 1128977 8630 SH SOLE 0 0 8630 INTEGRA LIFESCIENCES HLDGS C COM NEW 457985208 100794 10700 SH SOLE 0 0 10700 INTERNATIONAL SEAWAYS INC COM Y41053102 710507 9749 SH SOLE 0 0 9749 INVESCO EXCHANGE TRADED FD T ENERGY EXPLORATI 46137V761 2235760 57035 SH SOLE 0 0 57034 ISHARES GOLD TR ISHARES NEW 464285204 1512297 17154 SH SOLE 0 0 17154 ISHARES TR TRS FLT RT BD 46434V860 2765107 54614 SH SOLE 0 0 54614 ISHARES TR MSCI JP VALUE 46435U374 1309698 30694 SH SOLE 0 0 30693 ISHARES TR IBONDS 26 TRM TS 46436E858 618361 26985 SH SOLE 0 0 26985 ISHARES TR US OIL GS EX ETF 464288851 739117 5918 SH SOLE 0 0 5917 JANUS DETROIT STR TR HENDRSON AAA CL 47103U845 286785 5694 SH SOLE 0 0 5693 JAPAN SMALLER CAPITALIZATION COM 47109U104 2130441 195453 SH SOLE 0 0 195453 JEFFERIES FINANCIAL GROUP IN COM 47233W109 25353111 614323 SH SOLE 0 0 614323 JOHNSON & JOHNSON COM 478160104 6910074 28269 SH SOLE 0 0 28269 JPMORGAN CHASE & CO COM 46625H100 268211 912 SH SOLE 0 0 911 KOREA FD INC COM NEW 500634209 3043319 67780 SH SOLE 0 0 67779 KOSMOS ENERGY LTD COM 500688106 31136 11200 SH SOLE 0 0 11200 KRANESHARES TRUST QUADRTC INT RT 500767736 579804 30989 SH SOLE 0 0 30989 LARGO INC COM 517097101 15512 13850 SH SOLE 0 0 13850 LENNAR CORP CL B 526057302 2890871 34366 SH SOLE 0 0 34366 LIBERTY MEDIA CORP DEL COM LBTY ONE S C 531229755 577201 6789 SH SOLE 0 0 6789 LIFECORE BIOMEDICAL INC COM 514766104 58125 15625 SH SOLE 0 0 15625 LOCKHEED MARTIN CORP COM 539830109 573879 950 SH SOLE 0 0 949 LOEWS CORP COM 540424108 27079264 253694 SH SOLE 0 0 253693 LUMEN TECHNOLOGIES INC COM 550241103 2233690 321394 SH SOLE 0 0 321394 MACYS INC COM 55616P104 180900 10000 SH SOLE 0 0 10000 MARKEL GROUP INC COM 570535104 36629558 19137 SH SOLE 0 0 19137 MCKESSON CORP COM 58155Q103 310664 359 SH SOLE 0 0 359 MERCK & CO INC COM 58933Y105 1829496 15209 SH SOLE 0 0 15209 MICROSOFT CORP COM 594918104 6617279 17876 SH SOLE 0 0 17876 NAVIGATOR HLDGS LTD SHS Y62132108 227321 11760 SH SOLE 0 0 11760 NAVIOS MARITIME PARTNERS LP COM UNIT LPI Y62267409 2903057 43021 SH SOLE 0 0 43021 NOBLE CORP PLC ORD SHS A G65431127 3162463 64448 SH SOLE 0 0 64448 NOVARTIS AG SPONSORED ADR 66987V109 695318 4552 SH SOLE 0 0 4552 NUTRIEN LTD COM 67077M108 1752559 23225 SH SOLE 0 0 23225 NVIDIA CORPORATION COM 67066G104 910368 5220 SH SOLE 0 0 5220 NVR INC COM 62944T105 3393762 515 SH SOLE 0 0 515 OCCIDENTAL PETE CORP COM 674599105 8591482 132177 SH SOLE 0 0 132176 OCTAVE SPECIALTY GROUP INC COM NEW 023139884 99743 21450 SH SOLE 0 0 21450 OFG BANCORP COM 67103X102 602449 14890 SH SOLE 0 0 14890 ORION S.A. COM L72967109 125060 19240 SH SOLE 0 0 19240 PNC FINL SVCS GROUP INC COM 693475105 249708 1200 SH SOLE 0 0 1200 PPG INDS INC COM 693506107 320640 3000 SH SOLE 0 0 3000 QNITY ELECTRONICS INC COMMON STOCK 74743L100 693318 6009 SH SOLE 0 0 6009 QUALCOMM INC COM 747525103 245970 1910 SH SOLE 0 0 1910 RANGE RES CORP COM 75281A109 285989 6330 SH SOLE 0 0 6330 READING INTL INC CL A 755408101 21301 18850 SH SOLE 0 0 18850 RING ENERGY INC COM 76680V108 30600 20000 SH SOLE 0 0 20000 RIO TINTO PLC SPONSORED ADR 767204100 236117 2531 SH SOLE 0 0 2531 ROYALTY PHARMA PLC SHS CLASS A G7709Q104 218264 4550 SH SOLE 0 0 4550 ROYCE MICRO-CAP TR INC COM 780915104 3968775 350908 SH SOLE 0 0 350908 ROYCE SMALL CAP TRUST INC COM 780910105 850449 51232 SH SOLE 0 0 51231 RPM INTL INC COM 749685103 596400 6000 SH SOLE 0 0 6000 RTX CORPORATION COM 75513E101 480900 2493 SH SOLE 0 0 2493 SABINE RTY TR UNIT BEN INT 785688102 1749366 23325 SH SOLE 0 0 23324 SABLE OFFSHORE CORP COM SHS 78574H104 225151 13629 SH SOLE 0 0 13629 SAFE BULKERS INC COM Y7388L103 104445 16500 SH SOLE 0 0 16500 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 884331 184236 SH SOLE 0 0 184235 SCHWAB CHARLES CORP COM 808513105 2906105 30923 SH SOLE 0 0 30922 SEADRILL LTD COM G7997W102 225999 4967 SH SOLE 0 0 4967 SEMPRA COM 816851109 259055 2666 SH SOLE 0 0 2666 SLB LIMITED COM STK 806857108 6309913 122785 SH SOLE 0 0 122784 SLM CORP COM 78442P106 224270 10475 SH SOLE 0 0 10475 SOUTHERN CO COM 842587107 269484 2792 SH SOLE 0 0 2792 SPROTT ASSET MANAGEMENT LP PHYSICAL SILVER 85207K107 1262768 51774 SH SOLE 0 0 51774 SPROTT ASSET MANAGEMENT LP PHYSICAL GOLD AN 85208R101 586527 12291 SH SOLE 0 0 12291 SPROTT FOCUS TR INC COM 85208J109 102250 10718 SH SOLE 0 0 10718 ST JOE CO COM 790148100 3132276 49877 SH SOLE 0 0 49877 STAR BULK CARRIERS CORP. SHS PAR Y8162K204 2250854 97991 SH SOLE 0 0 97991 STEALTHGAS INC SHS Y81669106 243270 26500 SH SOLE 0 0 26500 SUNCOR ENERGY INC NEW COM 867224107 1473063 22282 SH SOLE 0 0 22282 SYSCO CORP COM 871829107 213990 3000 SH SOLE 0 0 3000 TARGA RES CORP COM 87612G101 282071 1125 SH SOLE 0 0 1125 TECHNIPFMC PLC COM G87110105 1135875 16431 SH SOLE 0 0 16431 TESLA INC COM 88160R101 287363 773 SH SOLE 0 0 773 TETRA TECHNOLOGIES INC DEL COM 88162F105 187440 22000 SH SOLE 0 0 22000 TEXAS PACIFIC LAND CORPORATI COM 88262P102 3999769 8428 SH SOLE 0 0 8428 TIDEWATER INC NEW COM 88642R109 4135558 49498 SH SOLE 0 0 49498 TITAN INTL INC ILL COM 88830M102 75595 10940 SH SOLE 0 0 10940 U HAUL HOLDING COMPANY COM SER N 023586506 5233801 117166 SH SOLE 0 0 117165 UNITED SEC BANCSHARES CALIF COM 911460103 191786 18248 SH SOLE 0 0 18248 UNITED THERAPEUTICS CORP DEL COM 91307C102 266841 450 SH SOLE 0 0 450 US BANCORP COM NEW 902973304 602588 11586 SH SOLE 0 0 11586 VALARIS LTD CL A G9460G101 3638068 37108 SH SOLE 0 0 37108 VANECK ETF TRUST OIL SERVICES ETF 92189H607 3951786 9777 SH SOLE 0 0 9776 VANGUARD INDEX FDS VALUE ETF 922908744 1161225 5919 SH SOLE 0 0 5918 VANGUARD MALVERN FDS STRM INFPROIDX 922020805 788411 15784 SH SOLE 0 0 15784 VANGUARD SCOTTSDALE FDS VNG RUS1000VAL 92206C714 461857 4927 SH SOLE 0 0 4927 VANGUARD SPECIALIZED FUNDS DIV APP ETF 921908844 243233 1131 SH SOLE 0 0 1131 VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 251001 3917 SH SOLE 0 0 3917 VANGUARD WHITEHALL FDS INTL DVD ETF 921946810 918569 10384 SH SOLE 0 0 10384 VANGUARD WHITEHALL FDS INTL HIGH ETF 921946794 310050 3290 SH SOLE 0 0 3290 VANGUARD WHITEHALL FDS HIGH DIV YLD 921946406 1678269 11332 SH SOLE 0 0 11332 VERIZON COMMUNICATIONS INC COM 92343V104 311340 6202 SH SOLE 0 0 6202 VIATRIS INC COM 92556V106 148610 11000 SH SOLE 0 0 11000 VITESSE ENERGY INC COMMON STOCK 92852X103 2807620 154605 SH SOLE 0 0 154604 WARRIOR MET COAL INC COM 93627C101 293423 3150 SH SOLE 0 0 3150 WELLS FARGO & CO COM 949746101 215363 2705 SH SOLE 0 0 2705 WHITE MTNS INS GROUP LTD COM G9618E107 48726795 22179 SH SOLE 0 0 22179 WILLIAMS COS INC COM 969457100 842865 11581 SH SOLE 0 0 11581 WILLSCOT HLDGS CORP COM CL A 971378104 1926928 110998 SH SOLE 0 0 110998 WISDOMTREE TR FLOATNG RAT TREA 97717Y527 41403057 822468 SH SOLE 0 0 822468 ZOETIS INC CL A 98978V103 282877 2393 SH SOLE 0 0 2393