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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | NELNET INC | $215.2M | 1668976 | 40.04% |
| 2 | BOSTON OMAHA CORP | $65.3M | 5589253 | 12.15% |
| 3 | CORE NATURAL RESOURCES INC | $63.1M | 602500 | 11.74% |
| 4 | ASBURY AUTOMOTIVE GROUP INC | $56.3M | 288004 | 10.47% |
| 5 | ALLIANCE RESOURCE PARTNERS L | $39.0M | 1411260 | 7.26% |
| 6 | COGENT COMM HOLDINGS INC | $24.3M | 1290204 | 4.52% |
| 7 | PURE CYCLE CORP | $19.3M | 1914559 | 3.58% |
| 8 | AMERICAS CAR-MART INC | $16.0M | 1260690 | 2.99% |
| 9 | RE/MAX HLDGS INC | $15.4M | 2665643 | 2.86% |
| 10 | OLD MKT CAP CORP | $11.2M | 2515902 | 2.09% |
| 11 | LENNAR CORP | $9.1M | 108750 | 1.70% |
| 12 | NVR INC | $3.2M | 490 | 0.60% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.