The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 03-31-2022
Check here if Amendment   Amendment Number:
This Amendment (Check only one.):   is a restatement.
  adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Wallace Capital Management Inc.
Address: 100 CRESCENT COURT
SUITE 1190
DALLAS , TX75201
Form 13F File Number: 028-14310

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Blake Estess
Title: Chief Compliance Officer
Phone: 214-303-0200
Signature, Place, and Date of Signing:
Blake Estess, Chief Compliance Officer DALLAS , TX 05-16-2022
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
  13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
  13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 70
Form 13F Information Table Value Total: 663,721
(thousands)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name


SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AFFILIATED MANAGERS GROUP IN COM 008252108 11,609 89,209 SH SOLE 89,209 0 0
ALPHABET INC CAP STK CL C 02079K107 225 96 SH SOLE 96 0 0
APPLE INC COM 037833100 1,663 10,531 SH SOLE 10,531 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 393 1,790 SH SOLE 1,790 0 0
AXIS CAP HLDGS LTD SHS G0692U109 26,639 467,841 SH SOLE 467,841 0 0
BELLRING BRANDS INC COMMON STOCK 07831C103 3,662 171,769 SH SOLE 171,769 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 8,129 17 SH SOLE 17 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 106,070 333,353 SH SOLE 333,353 0 0
CABLE ONE INC COM 12685J105 37,549 32,566 SH SOLE 32,566 0 0
CLARUS CORP NEW COM 18270P109 677 29,553 SH SOLE 29,553 0 0
CLOROX CO DEL COM 189054109 1,839 12,832 SH SOLE 12,832 0 0
COCA COLA CO COM 191216100 6,299 99,286 SH SOLE 99,286 0 0
COLGATE PALMOLIVE CO COM 194162103 1,067 14,188 SH SOLE 14,188 0 0
CONDUENT INC COM 206787103 2,353 427,900 SH SOLE 427,900 0 0
CRAWFORD & CO CL A 224633206 195 25,500 SH SOLE 25,500 0 0
CROWN CRAFTS INC COM 228309100 78 12,500 SH SOLE 12,500 0 0
DRIL-QUIP INC COM 262037104 4,020 132,294 SH SOLE 132,294 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 3,696 142,267 SH SOLE 142,267 0 0
EXXON MOBIL CORP COM 30231G102 381 4,406 SH SOLE 4,406 0 0
FOOT LOCKER INC COM 344849104 11,566 388,524 SH SOLE 388,524 0 0
FRANKLIN RESOURCES INC COM 354613101 8,103 319,887 SH SOLE 319,887 0 0
GENERAL MLS INC COM 370334104 16,038 230,835 SH SOLE 230,835 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 6,442 144,050 SH SOLE 144,050 0 0
GRAHAM HLDGS CO COM CL B 384637104 98,337 166,230 SH SOLE 166,230 0 0
HANESBRANDS INC COM 410345102 12,289 916,370 SH SOLE 916,370 0 0
HERSHEY CO COM 427866108 2,503 11,507 SH SOLE 11,507 0 0
HOME DEPOT INC COM 437076102 309 1,007 SH SOLE 1,007 0 0
INVESTORS TITLE CO NC COM 461804106 735 3,960 SH SOLE 3,960 0 0
ISHARES TR CORE S&P TTL STK 464287150 296 3,201 SH SOLE 3,201 0 0
JEFFERIES FINL GROUP INC COM 47233W109 7,895 247,794 SH SOLE 247,794 0 0
JOHNSON & JOHNSON COM 478160104 21,309 119,283 SH SOLE 119,283 0 0
JOHNSON OUTDOORS INC CL A 479167108 4,776 61,569 SH SOLE 61,569 0 0
JPMORGAN CHASE & CO COM 46625H100 248 2,062 SH SOLE 2,062 0 0
KRAFT HEINZ CO COM 500754106 581 13,852 SH SOLE 13,852 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 13,979 123,836 SH SOLE 123,836 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 626 5,774 SH SOLE 5,774 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 42,437 1,782,324 SH SOLE 1,782,324 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 2,628 62,522 SH SOLE 62,522 0 0
LIBERTY MEDIA CORP DEL COM C SIRIUSXM 531229607 9,308 221,089 SH SOLE 221,089 0 0
LILLY ELI & CO COM 532457108 493 1,703 SH SOLE 1,703 0 0
LOEWS CORP COM 540424108 20,979 340,739 SH SOLE 340,739 0 0
LUMENT FINANCE TRUST INC COM 55025L108 43 16,180 SH SOLE 16,180 0 0
MARSH & MCLENNAN COS INC COM 571748102 386 2,443 SH SOLE 2,443 0 0
MASTERCARD INCORPORATED CL A 57636Q104 422 1,175 SH SOLE 1,175 0 0
MCDONALDS CORP COM 580135101 542 2,198 SH SOLE 2,198 0 0
MERCK & CO INC COM 58933Y105 1,886 21,516 SH SOLE 21,516 0 0
MERCURY GENL CORP NEW COM 589400100 9,382 184,217 SH SOLE 184,217 0 0
MOHAWK INDS INC COM 608190104 7,507 51,505 SH SOLE 51,505 0 0
MONDELEZ INTL INC CL A 609207105 2,323 36,422 SH SOLE 36,422 0 0
NATIONAL PRESTO INDS INC COM 637215104 1,902 26,361 SH SOLE 26,361 0 0
PEPSICO INC COM 713448108 283 1,689 SH SOLE 1,689 0 0
PFIZER INC COM 717081103 379 7,839 SH SOLE 7,839 0 0
PHILIP MORRIS INTL INC COM 718172109 429 4,354 SH SOLE 4,354 0 0
PIPER SANDLER COMPANIES COM 724078100 380 3,188 SH SOLE 3,188 0 0
POST HLDGS INC COM 737446104 10,033 137,106 SH SOLE 137,106 0 0
PROCTER AND GAMBLE CO COM 742718109 3,628 22,908 SH SOLE 22,908 0 0
REPUBLIC SVCS INC COM 760759100 13,969 106,639 SH SOLE 106,639 0 0
RPC INC COM 749660106 642 62,500 SH SOLE 62,500 0 0
SANOFI SPONSORED ADR 80105N105 7,474 140,854 SH SOLE 140,854 0 0
SCHOLASTIC CORP COM 807066105 2,922 79,469 SH SOLE 79,469 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 2,863 292,120 SH SOLE 292,120 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 881 2,126 SH SOLE 2,126 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 207 380 SH SOLE 380 0 0
TRIPADVISOR INC COM 896945201 9,251 365,939 SH SOLE 365,939 0 0
UNILEVER PLC SPON ADR NEW 904767704 10,975 240,458 SH SOLE 240,458 0 0
VISA INC COM CL A 92826C839 333 1,572 SH SOLE 1,572 0 0
WELLS FARGO CO NEW COM 949746101 311 7,114 SH SOLE 7,114 0 0
WESTWOOD HLDGS GROUP INC COM 961765104 164 10,159 SH SOLE 10,159 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 75,472 71,871 SH SOLE 71,871 0 0
ZOETIS INC CL A 98978V103 311 1,778 SH SOLE 1,778 0 0