| # | Security | Value | Shares | % Port | Change | Δ Shares |
|---|---|---|---|---|---|---|
| 1 | RAYONIER INC COM | $195.1M | 9.46M | 9.6% | ADDED | +4.37M |
| 2 | MATTEL INC COM | $162.9M | 11.21M | 8.0% | ADDED | +11.19M |
| 3 | CNX RES CORP COM | $136.3M | 3.54M | 6.7% | REDUCED | -656,911 |
| 4 | IAC INC COM NEW | $135.2M | 3.38M | 6.7% | ADDED | +39.2K |
| 5 | ALBERTSONS COS INC COMMON STOCK | $106.1M | 6.23M | 5.2% | ADDED | +930.6K |
| 6 | REGENERON PHARMACEUTICALS COM | $82.5M | 106.8K | 4.1% | REDUCED | -31,792 |
| 7 | KRAFT HEINZ CO COM | $74.3M | 3.30M | 3.7% | ADDED | +3.28M |
| 8 | FEDEX CORP COM | $73.4M | 206.1K | 3.6% | ADDED | +201.6K |
| 9 | FORTUNE BRANDS INNOVATIONS I COM | $70.9M | 1.82M | 3.5% | ADDED | +828.1K |
| 10 | MGM RESORTS INTERNATIONAL COM | $51.5M | 1.39M | 2.5% | ADDED | +1.38M |
| 11 | GCI LIBERTY INC COM SER C | $49.1M | 1.32M | 2.4% | —HELD | 0 |
| 12 | TRIPADVISOR INC COM | $48.9M | 4.59M | 2.4% | ADDED | +1.76M |
| 13 | PVH CORPORATION COM | $45.4M | 650.6K | 2.2% | —HELD | 0 |
| 14 | SHENANDOAH TELECOMMUNICATION COM | $45.3M | 2.94M | 2.2% | —HELD | 0 |
| 15 | BIO RAD LABS INC CL A | $39.3M | 140.9K | 1.9% | ADDED | +138.5K |
| 16 | CNH INDL N V SHS | $36.4M | 3.31M | 1.8% | —HELD | 0 |
| 17 | EMPIRE ST RLTY TR INC CL A | $33.6M | 6.46M | 1.7% | ADDED | +2.76M |
| 18 | WHITE MTNS INS GROUP LTD COM | $33.5M | 15.2K | 1.6% | REDUCED | -11,013 |
| 19 | GRAHAM HLDGS CO COM CL B | $33.4M | 31.6K | 1.6% | ADDED | +30.4K |
| 20 | FIDELITY NATL INFORMATION SV COM | $32.9M | 700.7K | 1.6% | ADDED | +683.5K |
| 21 | ACM RESH INC COM CL A | $30.8M | 782.9K | 1.5% | REDUCED | -897,281 |
| 22 | NEW ORIENTAL ED & TECHNOLOGY SPON ADR | $29.6M | 522.3K | 1.5% | ADDED | +142.7K |
| 23 | ATLANTA BRAVES HLDGS INC COM SER C | $28.6M | 670.0K | 1.4% | —HELD | 0 |
| 24 | DOLE PLC ORD SHS | $27.6M | 1.93M | 1.4% | —HELD | 0 |
| 25 | BOSTON BEER INC CL A | $27.2M | 118.2K | 1.3% | REDUCED | -29,550 |
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