| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC | 3,694,365 | 3,606,579 | -87,786 | 48.92 | 49.67 | +0.75 | sell |
| VANGUARD GROUP INC | 2,090,102 | 2,350,380 | +260,278 | 0.03 | 0.05 | +0.01 | buy |
| BlackRock, Inc. | 2,280,153 | 1,815,148 | -465,005 | 0.04 | 0.04 | -0.00 | sell |
| STATE STREET CORP | 762,627 | 1,185,230 | +422,603 | 0.03 | 0.05 | +0.02 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 462,518 | 622,115 | +159,597 | 0.03 | 0.05 | +0.02 | buy |
| SoftVest Advisors, LLC | 393,300 | 393,300 | 0 | 86.63 | 87.08 | +0.45 | hold |
| FIRST MANHATTAN CO. LLC. | 338,044 | 338,032 | -12 | 0.89 | 1.10 | +0.21 | sell |
| Invesco Ltd. | 98,737 | 299,578 | +200,841 | 0.02 | 0.06 | +0.04 | buy |
| MORGAN STANLEY | 233,685 | 283,617 | +49,932 | 0.01 | 0.02 | +0.01 | buy |
| NORTHERN TRUST CORP | 184,583 | 224,768 | +40,185 | 0.03 | 0.04 | +0.01 | buy |
| UBS Group AG | 74,164 | 195,484 | +121,320 | 0.02 | 0.05 | +0.03 | buy |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 136,418 | 179,635 | +43,217 | 0.02 | 0.04 | +0.01 | buy |
| PACIFIC HEIGHTS ASSET MANAGEMENT LLC | 165,000 | 165,000 | 0 | 10.84 | 12.45 | +1.61 | hold |
| SCHWARTZ INVESTMENT COUNSEL INC | 185,225 | 150,181 | -35,044 | 5.83 | 5.98 | +0.16 | sell |
| Bank of New York Mellon Corp | 191,685 | 148,889 | -42,796 | 0.03 | 0.03 | -0.00 | sell |
| DIMENSIONAL FUND ADVISORS LP | 136,654 | 123,724 | -12,930 | 0.03 | 0.03 | +0.00 | sell |
| PRICE T ROWE ASSOCIATES INC /MD/ | 11,600 | 121,055 | +109,455 | 0.00 | 0.02 | +0.01 | buy |
| Legal & General Group Plc | 112,583 | 104,842 | -7,741 | 0.03 | 0.03 | +0.00 | sell |
| Douglass Winthrop Advisors, LLC | 99,198 | 99,457 | +259 | 1.67 | 2.14 | +0.47 | buy |
| MAD RIVER INVESTORS | 97,778 | 95,938 | -1,840 | 47.99 | 49.30 | +1.31 | sell |
| York GP, Ltd. | 42,400 | 92,100 | +49,700 | 92.18 | 95.69 | +3.51 | buy |
| FIRST TRUST ADVISORS LP | 81,559 | 90,152 | +8,593 | 0.07 | 0.09 | +0.02 | buy |
| AQR CAPITAL MANAGEMENT LLC | 72,687 | 76,119 | +3,432 | 0.09 | 0.11 | +0.02 | buy |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 87,793 | 76,054 | -11,739 | 0.09 | 0.10 | +0.01 | sell |
| Moors & Cabot, Inc. | 75,162 | 74,976 | -186 | 3.30 | 3.94 | +0.64 | sell |
| GOLDMAN SACHS GROUP INC | 55,766 | 74,360 | +18,594 | 0.01 | 0.02 | +0.01 | buy |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 70,836 | 73,933 | +3,097 | 0.02 | 0.02 | +0.00 | buy |
| Neuberger Berman Group LLC | 86,175 | 71,306 | -14,869 | 0.06 | 0.06 | +0.00 | sell |
| Amundi | 70,271 | 70,190 | -81 | 0.03 | 0.03 | +0.01 | sell |
| Hodges Capital Management Inc. | 72,390 | 65,514 | -6,876 | 4.10 | 4.34 | +0.24 | sell |
| DEUTSCHE BANK AG\ | 31,865 | 64,643 | +32,778 | 0.01 | 0.03 | +0.02 | buy |
| Swiss National Bank | 57,951 | 55,251 | -2,700 | 0.03 | 0.04 | +0.01 | sell |
| EagleClaw Capital Managment, LLC | 47,591 | 47,315 | -276 | 7.04 | 8.29 | +1.25 | sell |
| LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE | 49,707 | 46,309 | -3,398 | 8.01 | 9.64 | +1.63 | sell |
| PNC FINANCIAL SERVICES GROUP, INC. | 45,490 | 44,940 | -550 | 0.03 | 0.03 | +0.01 | sell |
| Sumitomo Mitsui Trust Group, Inc. | 46,784 | 44,183 | -2,601 | 0.03 | 0.03 | +0.00 | sell |
| JPMORGAN CHASE & CO | 33,923 | 40,670 | +6,747 | 0.00 | 0.00 | +0.00 | buy |
| RHUMBLINE ADVISERS | 58,789 | 38,673 | -20,116 | 0.05 | 0.04 | -0.01 | sell |
| CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM | 38,993 | 37,805 | -1,188 | 0.02 | 0.03 | +0.00 | sell |
| National Pension Service | 40,190 | 34,890 | -5,300 | 0.03 | 0.04 | +0.00 | sell |
| BARCLAYS PLC | 19,892 | 34,539 | +14,647 | 0.01 | 0.02 | +0.01 | buy |
| Lagoda Investment Management, L.P. | 39,302 | 34,293 | -5,009 | 19.97 | 20.51 | +0.54 | sell |
| BNP PARIBAS FINANCIAL MARKETS | 0 | 34,019 | +34,019 | 0.00 | 0.03 | +0.03 | buy |
| TOCQUEVILLE ASSET MANAGEMENT L.P. | 33,741 | 33,550 | -191 | 0.47 | 0.58 | +0.11 | sell |
| WELLS FARGO & COMPANY/MN | 39,862 | 32,489 | -7,373 | 0.01 | 0.01 | +0.00 | sell |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 252 | 31,152 | +30,900 | 0.00 | 0.03 | +0.03 | buy |
| HighTower Advisors, LLC | 32,231 | 29,746 | -2,485 | 0.04 | 0.05 | +0.00 | sell |
| BANK OF AMERICA CORP /DE/ | 35,493 | 29,598 | -5,895 | 0.00 | 0.00 | +0.00 | sell |
| Mitsubishi UFJ Asset Management Co., Ltd. | 12,967 | 29,499 | +16,532 | 0.01 | 0.03 | +0.02 | buy |
| Proficio Capital Partners LLC | 0 | 28,755 | +28,755 | 0.00 | 0.00 | +0.00 | buy |
| RENAISSANCE TECHNOLOGIES LLC | 21,800 | 28,105 | +6,305 | 0.03 | 0.05 | +0.02 | buy |
| Summit Street Capital Management, LLC | 13,097 | 28,005 | +14,908 | 4.14 | 4.85 | +0.72 | buy |
| Blue Trust, Inc. | 19,176 | 26,881 | +7,705 | 0.18 | 0.38 | +0.20 | buy |
| First Dallas Securities Inc. | 26,328 | 25,434 | -894 | 9.74 | 11.46 | +1.73 | sell |
| HSBC HOLDINGS PLC | 9,445 | 25,308 | +15,863 | 0.01 | 0.02 | +0.01 | buy |
| One Charles Private Wealth Services, LLC | 24,062 | 25,194 | +1,132 | 8.10 | 9.37 | +1.27 | buy |
| PRINCIPAL FINANCIAL GROUP INC | 46,102 | 24,861 | -21,241 | 0.02 | 0.01 | -0.01 | sell |
| Focus Partners Wealth | 23,511 | 23,648 | +137 | 0.07 | 0.07 | +0.00 | buy |
| CITADEL ADVISORS LLC | 0 | 22,027 | +22,027 | 0.00 | 0.02 | +0.02 | buy |
| PRUDENTIAL FINANCIAL INC | 3,880 | 21,313 | +17,433 | 0.00 | 0.03 | +0.03 | buy |
| STATE OF WISCONSIN INVESTMENT BOARD | 14,533 | 21,152 | +6,619 | 0.03 | 0.06 | +0.03 | buy |
| AMERICAN CENTURY COMPANIES INC | 26,947 | 20,925 | -6,022 | 0.01 | 0.01 | -0.00 | sell |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 22,578 | 20,258 | -2,320 | 0.04 | 0.04 | +0.00 | sell |
| US BANCORP \DE\ | 21,728 | 20,207 | -1,521 | 0.02 | 0.03 | +0.00 | sell |
| SAPIENT CAPITAL LLC | 18,978 | 18,421 | -557 | 0.34 | 0.39 | +0.05 | sell |
| AXA S.A. | 10,764 | 17,966 | +7,202 | 0.03 | 0.06 | +0.03 | buy |
| BAR HARBOR WEALTH MANAGEMENT | 21,835 | 17,792 | -4,043 | 1.23 | 1.29 | +0.06 | sell |
| ALLIANCEBERNSTEIN L.P. | 23,929 | 17,519 | -6,410 | 0.01 | 0.01 | -0.00 | sell |
| ROYAL BANK OF CANADA | 13,778 | 17,427 | +3,649 | 0.00 | 0.00 | +0.00 | buy |
| Pacer Advisors, Inc. | 10,313 | 17,422 | +7,109 | 0.02 | 0.04 | +0.02 | buy |
| BANK OF MONTREAL /CAN/ | 6,561 | 17,377 | +10,816 | 0.00 | 0.01 | +0.01 | buy |
| RWA WEALTH PARTNERS, LLC | 3,609 | 16,599 | +12,990 | 0.04 | 0.23 | +0.19 | buy |
| Janney Montgomery Scott LLC | 14,611 | 16,502 | +1,891 | 0.04 | 0.05 | +0.01 | buy |
| HOWLAND CAPITAL MANAGEMENT LLC | 18,000 | 16,468 | -1,532 | 0.69 | 0.80 | +0.11 | sell |
| FRANKLIN RESOURCES INC | 14,367 | 16,286 | +1,919 | 0.00 | 0.01 | +0.00 | buy |
| CITIGROUP INC | 24,318 | 15,780 | -8,538 | 0.02 | 0.02 | -0.00 | sell |
| Essex Financial Services, Inc. | 15,885 | 15,538 | -347 | 1.25 | 1.21 | -0.04 | sell |
| Sequoia Financial Advisors, LLC | 16,896 | 15,136 | -1,760 | 0.16 | 0.16 | +0.00 | sell |
| COMMONWEALTH EQUITY SERVICES, LLC | 18,662 | 15,059 | -3,603 | 0.03 | 0.02 | -0.00 | sell |
| CORTLAND ASSOCIATES INC/MO | 41,263 | 14,884 | -26,379 | 4.43 | 1.87 | -2.56 | sell |
| NEW YORK STATE COMMON RETIREMENT FUND | 15,257 | 14,257 | -1,000 | 0.02 | 0.02 | +0.00 | sell |
| Concorde Financial Corp | 14,351 | 14,226 | -125 | 7.48 | 9.36 | +1.89 | sell |
| PECAUT & CO. | 15,543 | 14,105 | -1,438 | 4.86 | 5.38 | +0.52 | sell |
| MGO ONE SEVEN LLC | 13,741 | 13,924 | +183 | 0.53 | 0.59 | +0.07 | buy |
| Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. | 14,489 | 13,778 | -711 | 1.95 | 2.30 | +0.35 | sell |
| APG Asset Management N.V. | 7,815 | 13,606 | +5,791 | 0.04 | 0.04 | -0.00 | buy |
| LPL Financial LLC | 12,070 | 13,501 | +1,431 | 0.00 | 0.01 | +0.00 | buy |
| Atlas Wealth Partners, LLC | 13,053 | 13,292 | +239 | 17.61 | 18.60 | +1.00 | buy |
| FMR LLC | 2,525 | 13,217 | +10,692 | 0.00 | 0.00 | +0.00 | buy |
| Fielder Capital Group LLC | 12,863 | 12,863 | 0 | 3.76 | 4.43 | +0.67 | hold |
| Lido Advisors, LLC | 15,586 | 12,748 | -2,838 | 0.10 | 0.09 | -0.02 | sell |
| NORTH POINT PORTFOLIO MANAGERS CORP/OH | 16,330 | 12,343 | -3,987 | 2.32 | 2.38 | +0.06 | sell |
| AVIVA PLC | 1,459 | 12,177 | +10,718 | 0.00 | 0.03 | +0.03 | buy |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 11,871 | 12,172 | +301 | 0.02 | 0.03 | +0.00 | buy |
| CANADA LIFE ASSURANCE Co | 25,507 | 12,045 | -13,462 | 0.04 | 0.02 | -0.02 | sell |
| Mitsubishi UFJ Trust & Banking Corp | 13,229 | 11,969 | -1,260 | 0.03 | 0.03 | +0.00 | sell |
| Mariner, LLC | 10,600 | 11,926 | +1,326 | 0.02 | 0.02 | +0.01 | buy |
| American Money Management, LLC | 12,026 | 11,644 | -382 | 2.13 | 2.51 | +0.39 | sell |
| TIAA TRUST, NATIONAL ASSOCIATION | 11,979 | 11,563 | -416 | 0.03 | 0.04 | +0.01 | sell |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 12,430 | 11,501 | -929 | 0.01 | 0.01 | +0.00 | sell |