| # | Security | Value | Shares | % Port | Change | Δ Shares |
|---|---|---|---|---|---|---|
| 1 | Berkshire Hathaway Inc Del Cl A Frmly CL A | $341.1M | 475 | 9.9% | ADDED | +355 |
| 2 | Meta Platforms Cl A | $294.6M | 515.0K | 8.5% | ADDED | +15.0K |
| 3 | Alphabet Inc Class C | $286.9M | 1.00M | 8.3% | —HELD | 0 |
| 4 | Western Alliance Bancorp COM | $218.4M | 3.08M | 6.3% | ADDED | +583.0K |
| 5 | Chubb Limited COM | $161.2M | 494.6K | 4.7% | ADDED | +44.6K |
| 6 | Berkshire Hathaway Inc Del Cl B Frmly CL B | $151.3M | 315.6K | 4.4% | ADDED | +135.6K |
| 7 | Corebridge Financial COM | $138.5M | 5.80M | 4.0% | ADDED | +2.30M |
| 8 | JPMorgan Chase & Co COM | $137.9M | 468.8K | 4.0% | NEW | — |
| 9 | Markel COM | $135.2M | 70.6K | 3.9% | ADDED | +20.6K |
| 10 | AXOS Financial Inc COM | $124.0M | 1.54M | 3.6% | ADDED | +78.0K |
| 11 | Accenture PLC Cl A COM | $107.1M | 540.0K | 3.1% | ADDED | +190.0K |
| 12 | Progressive Corp COM | $100.0M | 504.5K | 2.9% | NEW | — |
| 13 | Global Payments Inc. COM | $99.9M | 1.49M | 2.9% | ADDED | +85.0K |
| 14 | Visa Inc COM | $96.7M | 320.0K | 2.8% | ADDED | +20.0K |
| 15 | First American Financial Corp COM | $90.4M | 1.50M | 2.6% | —HELD | 0 |
| 16 | M&T Bank COM | $84.8M | 410.0K | 2.5% | ADDED | +10.0K |
| 17 | Goldman Sachs Group Inc. COM | $78.2M | 92.4K | 2.3% | NEW | — |
| 18 | Alibaba Sponsored ADS | $76.2M | 607.6K | 2.2% | ADDED | +107.6K |
| 19 | Servisfirst Bancshares Inc COM | $66.3M | 910.4K | 1.9% | ADDED | +35.0K |
| 20 | Equity Residential SH BEN INT | $63.2M | 1.07M | 1.8% | ADDED | +268.0K |
| 21 | Arch Capital Group LTD COM | $62.4M | 650.0K | 1.8% | ADDED | +100.0K |
| 22 | Five Star Bancorp COM | $57.0M | 1.51M | 1.6% | —HELD | 0 |
| 23 | Carlyle Group COM | $54.7M | 1.13M | 1.6% | ADDED | +131.0K |
| 24 | Mastercard Inc COM | $51.0M | 102.0K | 1.5% | ADDED | +17.0K |
| 25 | TriCo Bancshares COM | $49.8M | 1.05M | 1.4% | —HELD | 0 |
Holdings data sourced from SEC EDGAR 13F-HR filings. Updated quarterly, approximately 45 days after quarter end. All data is public domain.
Last filed: May 15, 2026