Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| Alphabet Inc(GOOG) | 1,000,000 | 1,000,000 | 0 | 243,550 | 313,800 | 11.24% | +70,250 |
| Accenture PLC Cl A SHS CLASS A | 250,000 | 350,000 | +100,000 | 61,650 | 93,905 | 3.36% | +32,255 |
| First American Financial Corp(FAF) | 1,100,000 | 1,500,000 | +400,000 | 70,664 | 92,160 | 3.30% | +21,496 |
| M&T Bank(MTB) | 325,000 | 400,000 | +75,000 | 64,227 | 80,592 | 2.89% | +16,366 |
| Chubb Limited COM | 450,000 | 450,000 | 0 | 127,013 | 140,454 | 5.03% | +13,442 |
| Markel(MKL) | 50,000 | 50,000 | 0 | 95,568 | 107,483 | 3.85% | +11,915 |
| Old Second Bancorp(OSBC) | 1,500,000 | 1,745,523 | +245,523 | 25,928 | 34,038 | 1.22% | +8,110 |
| Webster Financial Corp(WBS) | 2,000,000 | 2,000,000 | 0 | 118,880 | 125,880 | 4.51% | +7,000 |
| Five Star Bancorp(FSBC) | 1,511,500 | 1,511,500 | 0 | 48,670 | 54,081 | 1.94% | +5,411 |
| TriCo Bancshares(TCBK) | 1,046,900 | 1,046,900 | 0 | 46,493 | 49,592 | 1.78% | +3,099 |
| US Bancorp Del Com New(USB) | 600,000 | 600,000 | 0 | 28,998 | 32,016 | 1.15% | +3,018 |
| Arch Capital Group LTD ORD | 550,000 | 550,000 | 0 | 49,902 | 52,756 | 1.89% | +2,855 |
| Visa Inc Com(V) | 300,000 | 300,000 | 0 | 102,414 | 105,213 | 3.77% | +2,799 |
| AXOS Financial Inc(AX) | 1,457,219 | 1,457,219 | 0 | 123,354 | 125,554 | 4.50% | +2,200 |
| CNB Financial Corp PA(CCNE) | 950,000 | 950,000 | 0 | 22,990 | 24,862 | 0.89% | +1,872 |
| Servisfirst Bancshares Inc(SFBS) | 763,562 | 875,376 | +111,814 | 61,490 | 62,843 | 2.25% | +1,354 |
| Ameris Bancorp(ABCB) | 621,800 | 621,800 | 0 | 45,584 | 46,181 | 1.65% | +597 |
| Timberland Bancorp Inc(TSBK) | 174,476 | 174,476 | 0 | 5,807 | 6,246 | 0.22% | +440 |
| Mastercard Inc(MA) | 85,000 | 85,000 | 0 | 48,349 | 48,525 | 1.74% | +176 |
| Berkshire Hathaway Inc Del Cl A Frmly | 120 | 120 | 0 | 90,504 | 90,576 | 3.24% | +72 |
| FB Financial Corp(FBK) | 619,236 | 619,236 | 0 | 34,516 | 34,553 | 1.24% | +37 |
| Berkshire Hathaway Inc Del Cl B Frmly | 180,000 | 180,000 | 0 | 90,493 | 90,475 | 3.24% | -18 |
| Equity Residential(VMRK) | 800,000 | 800,000 | 0 | 51,784 | 50,432 | 1.81% | -1,352 |
| Raymond James Financial Inc(RJF) | 270,000 | 270,000 | 0 | 46,602 | 43,359 | 1.55% | -3,243 |
| Carlyle Group(CG) | 1,000,000 | 1,000,000 | 0 | 62,700 | 59,110 | 2.12% | -3,590 |
| Corebridge Financial(CRBD) | 3,500,000 | 3,500,000 | 0 | 112,175 | 105,595 | 3.78% | -6,580 |
| Western Alliance Bancorp(WAL) | 2,500,000 | 2,500,000 | 0 | 216,800 | 210,175 | 7.53% | -6,625 |
| Global Payments Inc.(GPN) | 1,400,000 | 1,400,000 | 0 | 116,312 | 108,360 | 3.88% | -7,952 |
| Alibaba(BABA) | 500,000 | 500,000 | 0 | 89,365 | 73,290 | 2.62% | -16,075 |
| Meta Platforms(META) | 500,000 | 500,000 | 0 | 367,190 | 330,045 | 11.82% | -37,145 |
| State Str Corp(STT) | 1,200,000 | 0 | -1,200,000 | 139,212 | 0 | — | -139,212 |