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

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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
Alphabet Inc Class C 02079K107   152,260,000 1,000,000 SH   SOLE   1,000,000 0 0
Alibaba Sponsored ADS 01609W102   36,180,000 500,000 SH   SOLE   500,000 0 0
Ameris Bancorp COM 03076K108   19,352,000 400,000 SH   SOLE   400,000 0 0
Arch Capital Group LTD COM G0450A105   60,086,000 650,000 SH   SOLE   650,000 0 0
Berkshire Hathaway Inc Del Cl A Frmly CL A 084670108   76,132,800 120 SH   SOLE   120 0 0
Berkshire Hathaway Inc Del Cl B Frmly CL B 084670702   84,104,000 200,000 SH   SOLE   200,000 0 0
AXOS Financial Inc COM 05465C100   81,060,000 1,500,000 SH   SOLE   1,500,000 0 0
CNB Financial Corp PA COM 126128107   14,273,000 700,000 SH   SOLE   700,000 0 0
Carlyle Group COM 14316J108   70,365,000 1,500,000 SH   SOLE   1,500,000 0 0
Chubb Limited COM H1467J104   116,608,500 450,000 SH   SOLE   450,000 0 0
Corebridge Financial COM 21871X109   86,190,000 3,000,000 SH   SOLE   3,000,000 0 0
Meta Platforms Cl A 30303M102   242,790,000 500,000 SH   SOLE   500,000 0 0
Equity Residential SH BEN INT 29476L107   63,110,000 1,000,000 SH   SOLE   1,000,000 0 0
First Citizen Bancshares Cl A 31946M103   23,217,000 14,200 SH   SOLE   14,200 0 0
Five Star Bancorp COM 33830T103   32,883,750 1,461,500 SH   SOLE   1,461,500 0 0
Glacier Bancorp COM 37637Q105   11,953,050 296,749 SH   SOLE   296,749 0 0
Global Payments Inc. COM 37940X102   147,026,000 1,100,000 SH   SOLE   1,100,000 0 0
Goldman Sachs Group Inc COM 38141G104   50,122,800 120,000 SH   SOLE   120,000 0 0
Jones Lange Lasalle Inc. COM 48020Q107   29,263,500 150,000 SH   SOLE   150,000 0 0
KKR & Co. COM 48248M102   100,580,000 1,000,000 SH   SOLE   1,000,000 0 0
M&T Bank COM 55261F104   50,176,800 345,000 SH   SOLE   345,000 0 0
Markel COM 570535104   53,251,800 35,000 SH   SOLE   35,000 0 0
Mastercard Inc COM 57636Q104   40,933,450 85,000 SH   SOLE   85,000 0 0
Raymond James Financial Inc COM 754730109   38,526,000 300,000 SH   SOLE   300,000 0 0
Servisfirst Bancshares Inc COM 81768T108   54,651,574 823,562 SH   SOLE   823,562 0 0
Southern States Bancshares COM 843878307   20,063,272 774,046 SH   SOLE   774,046 0 0
State Street Corp COM 857477103   92,784,000 1,200,000 SH   SOLE   1,200,000 0 0
Timberland Bancorp Inc COM 887098101   4,696,894 174,476 SH   SOLE   174,476 0 0
TriCo Bancshares COM 896095106   37,545,024 1,020,800 SH   SOLE   1,020,800 0 0
US Bancorp Del Com New COM 902973304   44,700,000 1,000,000 SH   SOLE   1,000,000 0 0
Visa Inc Com COM 92826C839   83,724,000 300,000 SH   SOLE   300,000 0 0
Webster Financial Corp COM 947890109   101,540,000 2,000,000 SH   SOLE   2,000,000 0 0
Western Alliance Bancorp COM 957638109   160,475,000 2,500,000 SH   SOLE   2,500,000 0 0