| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC | 3,504,692 | 10,333,762 | +6,829,070 | 39.89 | 40.14 | +0.25 | buy |
| SoftVest Advisors, LLC | 393,600 | 1,180,800 | +787,200 | 76.41 | 76.26 | -0.15 | buy |
| FIRST MANHATTAN CO. LLC. | 337,681 | 1,013,363 | +675,682 | 0.83 | 0.76 | -0.07 | buy |
| PACIFIC HEIGHTS ASSET MANAGEMENT LLC | 185,000 | 620,000 | +435,000 | 7.65 | 6.67 | -0.98 | buy |
| SCHWARTZ INVESTMENT COUNSEL INC | 153,421 | 475,104 | +321,683 | 4.81 | 4.77 | -0.04 | buy |
| Epoch Investment Partners, Inc. | 108,149 | 381,685 | +273,536 | 0.55 | 0.62 | +0.07 | buy |
| Douglass Winthrop Advisors, LLC | 109,011 | 331,128 | +222,117 | 1.77 | 1.66 | -0.11 | buy |
| MAD RIVER INVESTORS | 94,772 | 286,083 | +191,311 | 37.91 | 37.44 | -0.47 | buy |
| York GP, Ltd. | 91,700 | 270,600 | +178,900 | 93.09 | 99.67 | +6.58 | buy |
| Moors & Cabot, Inc. | 56,944 | 171,076 | +114,132 | 2.32 | 2.10 | -0.22 | buy |
| EagleClaw Capital Managment, LLC | 48,948 | 146,388 | +97,440 | 6.39 | 6.08 | -0.31 | buy |
| LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE | 39,742 | 114,220 | +74,478 | 6.78 | 9.76 | +2.99 | buy |
| Lagoda Investment Management, L.P. | 34,092 | 104,221 | +70,129 | 18.01 | 17.33 | -0.67 | buy |
| Hodges Capital Management Inc. | 35,970 | 104,267 | +68,297 | 2.87 | 2.57 | -0.30 | buy |
| TOCQUEVILLE ASSET MANAGEMENT L.P. | 27,893 | 83,643 | +55,750 | 0.38 | 0.35 | -0.03 | buy |
| One Charles Private Wealth Services, LLC | 25,787 | 76,205 | +50,418 | 6.32 | 5.66 | -0.67 | buy |
| RWA WEALTH PARTNERS, LLC | 23,724 | 70,856 | +47,132 | 0.25 | 0.22 | -0.03 | buy |
| First Dallas Securities Inc. | 21,816 | 64,655 | +42,839 | 7.63 | 6.91 | -0.72 | buy |
| ASR Vermogensbeheer N.V. | 12,467 | 51,861 | +39,394 | 0.14 | 0.17 | +0.03 | buy |
| AVIVA PLC | 16,031 | 50,796 | +34,765 | 0.03 | 0.02 | -0.00 | buy |
| HOWLAND CAPITAL MANAGEMENT LLC | 16,468 | 49,404 | +32,936 | 0.59 | 0.54 | -0.05 | buy |
| BLI - Banque de Luxembourg Investments | 13,300 | 45,900 | +32,600 | 0.36 | 0.39 | +0.04 | buy |
| Crawford Fund Management, LLC | 9,550 | 41,687 | +32,137 | 4.82 | 3.84 | -0.98 | buy |
| Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. | 8,193 | 39,534 | +31,341 | 1.23 | 1.52 | +0.30 | buy |
| Essex Financial Services, Inc. | 15,192 | 45,515 | +30,323 | 0.85 | 0.74 | -0.10 | buy |
| Aberdeen Group plc | 16,006 | 46,188 | +30,182 | 0.02 | 0.02 | -0.00 | buy |
| SAPIENT CAPITAL LLC | 17,885 | 47,634 | +29,749 | 0.25 | 0.20 | -0.06 | buy |
| CORTLAND ASSOCIATES INC/MO | 14,803 | 43,157 | +28,354 | 1.63 | 1.56 | -0.07 | buy |
| Atlas Wealth Partners, LLC | 13,319 | 39,782 | +26,463 | 12.69 | 12.56 | -0.14 | buy |
| Mediolanum International Funds Ltd | 10,224 | 36,654 | +26,430 | 0.10 | 0.11 | +0.01 | buy |
| Hosking Partners LLP | 11,051 | 37,470 | +26,419 | 0.37 | 0.37 | -0.01 | buy |
| Fielder Capital Group LLC | 12,820 | 37,952 | +25,132 | 2.73 | 2.32 | -0.41 | buy |
| BAR HARBOR WEALTH MANAGEMENT | 12,494 | 36,873 | +24,379 | 0.70 | 0.61 | -0.09 | buy |
| SPROTT INC. | 9,787 | 33,921 | +24,134 | 0.32 | 0.33 | +0.01 | buy |
| American Money Management, LLC | 10,559 | 34,156 | +23,597 | 1.64 | 1.54 | -0.10 | buy |
| NORTH POINT PORTFOLIO MANAGERS CORP/OH | 11,946 | 35,457 | +23,511 | 1.84 | 1.72 | -0.12 | buy |
| Summit Street Capital Management, LLC | 14,574 | 36,864 | +22,290 | 1.87 | 1.66 | -0.20 | buy |
| Bulldog Investors, LLP | 9,700 | 31,700 | +22,000 | 2.10 | 2.03 | -0.07 | buy |
| TIAA TRUST, NATIONAL ASSOCIATION | 10,907 | 31,971 | +21,064 | 0.02 | 0.02 | -0.00 | buy |
| NCM Capital Management, LLC | 10,078 | 30,248 | +20,170 | 3.65 | 3.22 | -0.43 | buy |
| CRAWFORD INVESTMENT COUNSEL INC | 2,204 | 22,294 | +20,090 | 0.03 | 0.11 | +0.07 | buy |
| Chevy Chase Trust Holdings, LLC | 9,853 | 29,356 | +19,503 | 0.03 | 0.02 | -0.00 | buy |
| ROYAL LONDON ASSET MANAGEMENT LTD | 9,635 | 28,296 | +18,661 | 0.02 | 0.02 | -0.00 | buy |
| Compass Ion Advisors, LLC | 8,699 | 26,420 | +17,721 | 0.78 | 0.72 | -0.06 | buy |
| VIKING FUND MANAGEMENT LLC | 2,000 | 18,900 | +16,900 | 0.23 | 0.63 | +0.40 | buy |
| Asset Management One Co., Ltd. | 8,098 | 24,263 | +16,165 | 0.02 | 0.02 | -0.00 | buy |
| Marietta Wealth Management, LLC | 6,848 | 22,631 | +15,783 | 0.78 | 0.75 | -0.03 | buy |
| Lunt Capital Management, Inc. | 9,231 | 24,702 | +15,471 | 3.30 | 2.66 | -0.64 | buy |
| Miracle Mile Advisors, LLC | 7,344 | 22,806 | +15,462 | 0.10 | 0.09 | -0.01 | buy |
| PROMETHIUM ADVISORS,LLC | 6,907 | 21,900 | +14,993 | 3.70 | 3.39 | -0.31 | buy |
| MISSION WEALTH MANAGEMENT, LP | 7,228 | 21,681 | +14,453 | 0.13 | 0.12 | -0.01 | buy |
| Korea Investment CORP | 14,076 | 28,122 | +14,046 | 0.03 | 0.02 | -0.01 | buy |
| PECAUT & CO. | 6,869 | 20,605 | +13,736 | 2.06 | 1.91 | -0.15 | buy |
| CI INVESTMENTS INC. | 7,119 | 20,690 | +13,571 | 0.02 | 0.03 | +0.00 | buy |
| STATE OF MICHIGAN RETIREMENT SYSTEM | 6,500 | 19,800 | +13,300 | 0.03 | 0.03 | -0.00 | buy |
| Westwind Capital | 7,148 | 19,789 | +12,641 | 1.39 | 0.00 | -1.39 | buy |
| BAHL & GAYNOR INC | 6,000 | 18,000 | +12,000 | 0.03 | 0.03 | -0.00 | buy |
| Resona Asset Management Co.,Ltd. | 6,275 | 18,066 | +11,791 | 0.03 | 0.03 | -0.00 | buy |
| Lansforsakringar Fondforvaltning AB (publ) | 5,742 | 17,436 | +11,694 | 0.03 | 0.02 | -0.00 | buy |
| GF FUND MANAGEMENT CO. LTD. | 5,116 | 16,753 | +11,637 | 0.09 | 0.08 | -0.00 | buy |
| 1900 WEALTH MANAGEMENT LLC | 5,811 | 17,433 | +11,622 | 0.37 | 0.32 | -0.05 | buy |
| Sienna Gestion | 5,587 | 16,761 | +11,174 | 0.33 | 0.29 | -0.04 | buy |
| Empowered Funds, LLC | 6,253 | 17,332 | +11,079 | 0.06 | 0.08 | +0.03 | buy |
| Czech National Bank | 4,904 | 15,273 | +10,369 | 0.03 | 0.03 | -0.00 | buy |
| Massar Capital Management, LP | 7,000 | 16,260 | +9,260 | 2.34 | 0.92 | -1.42 | buy |
| Ipswich Investment Management Co., Inc. | 4,635 | 13,869 | +9,234 | 1.01 | 0.92 | -0.09 | buy |
| PRING TURNER CAPITAL GROUP INC | 4,417 | 13,629 | +9,212 | 2.52 | 2.42 | -0.09 | buy |
| IFM Investors Pty Ltd | 4,376 | 13,173 | +8,797 | 0.04 | 0.03 | -0.01 | buy |
| Watchman Group, Inc. | 270 | 8,584 | +8,314 | 0.06 | 0.59 | +0.53 | buy |
| APG Asset Management N.V. | 10,071 | 18,358 | +8,287 | 0.02 | 0.01 | -0.01 | buy |
| Retirement Systems of Alabama | 4,119 | 12,321 | +8,202 | 0.01 | 0.01 | -0.00 | buy |
| ADAMS NATURAL RESOURCES FUND, INC. | 5,150 | 13,350 | +8,200 | 0.73 | 0.58 | -0.15 | buy |
| HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC | 4,071 | 12,198 | +8,127 | 0.53 | 0.47 | -0.06 | buy |
| Wallace Hart LLC | 4,032 | 12,096 | +8,064 | 2.77 | 2.56 | -0.21 | buy |
| Westerkirk Capital Inc. | 2,110 | 10,111 | +8,001 | 0.23 | 0.28 | +0.06 | buy |
| DnB Asset Management AS | 3,963 | 11,889 | +7,926 | 0.01 | 0.01 | -0.00 | buy |
| GRIMES & COMPANY, INC. | 4,411 | 12,329 | +7,918 | 0.10 | 0.08 | -0.02 | buy |
| Morningstar Investment Management LLC | 3,958 | 11,874 | +7,916 | 0.14 | 0.20 | +0.07 | buy |
| Independent Advisor Alliance | 3,803 | 11,594 | +7,791 | 0.09 | 0.08 | -0.01 | buy |
| AZZAD ASSET MANAGEMENT INC /ADV | 3,562 | 11,142 | +7,580 | 0.33 | 0.31 | -0.01 | buy |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 2,808 | 10,386 | +7,578 | 0.02 | 0.02 | +0.00 | buy |
| SPRING CAPITAL MANAGEMENT, LLC | 3,780 | 11,340 | +7,560 | 1.73 | 1.65 | -0.08 | buy |
| Vest Financial, LLC | 851 | 8,210 | +7,359 | 0.01 | 0.03 | +0.02 | buy |
| TOWER BRIDGE ADVISORS | 3,944 | 11,162 | +7,218 | 0.37 | 0.32 | -0.04 | buy |
| True North Advisors, LLC | 3,345 | 10,024 | +6,679 | 0.50 | 0.37 | -0.12 | buy |
| COLLECTIVE FAMILY OFFICE LLC | 3,311 | 9,933 | +6,622 | 0.74 | 0.65 | -0.09 | buy |
| KINGSWOOD WEALTH ADVISORS, LLC | 5,323 | 11,909 | +6,586 | 0.30 | 0.17 | -0.14 | buy |
| Financial Engines Advisors L.L.C. | 4,485 | 11,037 | +6,552 | 0.01 | 0.01 | -0.00 | buy |
| JB Capital LLC | 3,222 | 9,727 | +6,505 | 0.13 | 0.11 | -0.02 | buy |
| Utah Retirement Systems | 3,207 | 9,621 | +6,414 | 0.03 | 0.03 | -0.00 | buy |
| ANCHOR CAPITAL ADVISORS LLC | 2,983 | 9,327 | +6,344 | 0.08 | 0.08 | -0.00 | buy |
| IPG Investment Advisors LLC | 1,910 | 8,130 | +6,220 | 0.32 | 0.41 | +0.09 | buy |
| National Pension Service | 35,699 | 41,720 | +6,021 | 0.03 | 0.01 | -0.02 | buy |
| WORLD EQUITY GROUP, INC. | 2,648 | 8,481 | +5,833 | 0.56 | 0.68 | +0.12 | buy |
| PITTENGER & ANDERSON INC | 180 | 6,009 | +5,829 | 0.01 | 0.07 | +0.06 | buy |
| ARMISTICE CAPITAL, LLC | 2,590 | 8,296 | +5,706 | 0.04 | 0.03 | -0.01 | buy |
| Curated Wealth Partners LLC | 2,766 | 8,298 | +5,532 | 0.31 | 0.26 | -0.05 | buy |
| CIM, LLC | 2,790 | 8,289 | +5,499 | 0.34 | 0.31 | -0.03 | buy |
| Mraz, Amerine & Associates, Inc. | 3,096 | 8,478 | +5,382 | 0.45 | 0.36 | -0.09 | buy |
| Resurgent Financial Advisors LLC | 2,690 | 8,070 | +5,380 | 1.23 | 1.16 | -0.07 | buy |