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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | JPMorgan Chase & Co. | $770.0M | 2617548 | 40.87% |
| 2 | Berkshire Hathaway Inc. Class A | $477.6M | 665 | 25.35% |
| 3 | American Express Company | $193.9M | 641100 | 10.29% |
| 4 | Goldman Sachs Group Inc. | $132.5M | 156600 | 7.03% |
| 5 | Berkshire Hathaway Inc. Class B | $95.1M | 198400 | 5.05% |
| 6 | Equity Residential SBI | $78.5M | 1200000 | 4.16% |
| 7 | Bank of New York Mellon Corporation | $29.8M | 251000 | 1.58% |
| 8 | US Bancorp | $29.1M | 560000 | 1.55% |
| 9 | Western Alliance Bancorporation | $26.6M | 375638 | 1.41% |
| 10 | Wells Fargo & Co. | $20.2M | 253314 | 1.07% |
| 11 | Progressive Corporation | $17.1M | 86200 | 0.91% |
| 12 | MasterCard Incorporated | $3.5M | 7000 | 0.19% |
| 13 | State Street Corporation | $3.2M | 25668 | 0.17% |
| 14 | Shattuck Labs Inc. | $2.8M | 435749 | 0.15% |
| 15 | Ecolab Inc. | $2.6M | 9740 | 0.14% |
| 16 | Charles Schwab Corporation | $1.0M | 10837 | 0.05% |
| 17 | American International Group Inc. | $226K | 3000 | 0.01% |
| 18 | W.R. Berkley Corporation | $224K | 3375 | 0.01% |
| 19 | Alibaba Group Holding | $100K | 800 | 0.01% |
| 20 | Accenture PLC | $59K | 300 | 0.00% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.