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
ACI WORLDWIDE INC COM 004498101 2,241,877 48,832 SH OTR 2 48,832 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 2,647,075 33,188 SH OTR 2 33,188 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 1,634,175 22,500 SH OTR 1,2 22,500 0 0
AMERICAN EXPRESS CO COM 025816109 33,492,900 105,000 SH OTR 1 105,000 0 0
AMGEN INC COM 031162100 2,394,226 8,575 SH OTR 2 8,575 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 875,250 75,000 SH OTR 1,2 75,000 0 0
APPLIED INDL TECHNOLOGIES IN COM 03820C105 2,756,160 11,857 SH OTR 2 11,857 0 0
ARCOSA INC COM 039653100 3,003,808 34,642 SH OTR 2 34,642 0 0
AUTODESK INC COM 052769106 3,158,852 10,204 SH OTR 2 10,204 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 749,206,400 1,028 SH OTR 1 1,028 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 121,928,270 251,000 SH OTR 1 251,000 0 0
BOOZ ALLEN HAMILTON HLDG COR CL A 099502106 2,660,105 25,546 SH OTR 2 25,546 0 0
BOX INC CL A 10316T104 2,958,199 86,573 SH OTR 2 86,573 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 1,671,768 64,200 SH OTR 1,2 64,200 0 0
CARDINAL HEALTH INC COM 14149Y108 3,257,856 19,392 SH OTR 2 19,392 0 0
CATERPILLAR INC COM 149123101 38,821,000 100,000 SH OTR 1 100,000 0 0
CBOE GLOBAL MKTS INC COM 12503M108 2,754,210 11,810 SH OTR 2 11,810 0 0
CENCORA INC COM 03073E105 2,881,259 9,609 SH OTR 2 9,609 0 0
CIENA CORP COM NEW 171779309 3,595,681 44,211 SH OTR 2 44,211 0 0
CISCO SYS INC COM 17275R102 86,031,200 1,240,000 SH OTR 1 1,240,000 0 0
COCA COLA CONS INC COM 191098102 2,209,554 19,790 SH OTR 2 19,790 0 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 74,112,499 2,750,000 SH OTR 1 2,750,000 0 0
CONAGRA BRANDS INC COM 205887102 2,049,763 100,135 SH OTR 2 100,135 0 0
CORPAY INC COM SHS 219948106 2,542,405 7,662 SH OTR 2 7,662 0 0
COUSINS PPTYS INC COM NEW 222795502 2,177,175 72,500 SH OTR 1,2 72,500 0 0
CREDIT ACCEP CORP MICH COM 225310101 2,636,300 5,175 SH OTR 2 5,175 0 0
CROWN CASTLE INC COM 22822V101 3,081,900 30,000 SH OTR 1,2 30,000 0 0
CURBLINE PPTYS CORP COM 23128Q101 1,369,800 60,000 SH OTR 1,2 60,000 0 0
CVS HEALTH CORP COM 126650100 2,720,088 39,433 SH OTR 2 39,433 0 0
DIGITAL RLTY TR INC COM 253868103 2,876,445 16,500 SH OTR 1,2 16,500 0 0
DRAFTKINGS INC NEW COM CL A 26142V105 25,734,000 600,000 SH OTR 1 600,000 0 0
DROPBOX INC CL A 26210C104 2,860,686 100,024 SH OTR 2 100,024 0 0
EAGLE MATLS INC COM 26969P108 2,433,202 12,039 SH OTR 2 12,039 0 0
EASTGROUP PPTYS INC COM 277276101 1,235,852 7,395 SH OTR 1,2 7,395 0 0
EBAY INC. COM 278642103 48,399,000 650,000 SH OTR 1 650,000 0 0
ELEVANCE HEALTH INC COM 036752103 2,389,381 6,143 SH OTR 2 6,143 0 0
EMCOR GROUP INC COM 29084Q100 3,866,185 7,228 SH OTR 2 7,228 0 0
ENERSYS COM 29275Y102 2,502,168 29,173 SH OTR 2 29,173 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 113,186,500 3,650,000 SH OTR 1 3,650,000 0 0
EQUINIX INC COM 29444U700 2,784,145 3,500 SH OTR 1,2 3,500 0 0
ESSENT GROUP LTD COM G3198U102 2,811,010 46,287 SH OTR 2 46,287 0 0
EURONET WORLDWIDE INC COM 298736109 2,534,906 25,004 SH OTR 2 25,004 0 0
EVERCORE INC CLASS A 29977A105 81,006,000 300,000 SH OTR 1 300,000 0 0
EXTRA SPACE STORAGE INC COM 30225T102 1,820,884 12,350 SH OTR 1,2 12,350 0 0
FIRST INDL RLTY TR INC COM 32054K103 1,985,844 41,260 SH OTR 1,2 41,260 0 0
FIRST WATCH RESTAURANT GROUP COM 33748L101 14,436,000 900,000 SH OTR 1 900,000 0 0
FORTIVE CORP COM 34959J108 1,903,110 36,507 SH OTR 2 36,507 0 0
FORWARD AIR CORP COM 34986A104 23,926,500 975,000 SH OTR 1 975,000 0 0
FOX CORP CL A COM 35137L105 2,645,256 47,203 SH OTR 2 47,203 0 0
FRONTDOOR INC COM 35905A109 4,098,511 69,537 SH OTR 2 69,537 0 0
FTI CONSULTING INC COM 302941109 2,629,543 16,282 SH OTR 2 16,282 0 0
GEN DIGITAL INC COM 668771108 2,959,522 100,664 SH OTR 2 100,664 0 0
GENPACT LIMITED SHS G3922B107 2,334,819 53,052 SH OTR 2 53,052 0 0
GFL ENVIRONMENTAL INC SUB VTG SHS 36168Q104 50,460,000 1,000,000 SH OTR 1 1,000,000 0 0
GLOBAL NET LEASE INC COM NEW 379378201 2,231,025 295,500 SH OTR 1,2 295,500 0 0
GODADDY INC CL A 380237107 2,670,470 14,831 SH OTR 2 14,831 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 906,370 51,763 SH OTR 1,2 51,763 0 0
HIGHWOODS PPTYS INC COM 431284108 2,487,200 80,000 SH OTR 1,2 80,000 0 0
HOME DEPOT INC COM 437076102 2,673,906 7,293 SH OTR 2 7,293 0 0
HOST HOTELS & RESORTS INC COM 44107P104 1,590,144 103,525 SH OTR 1,2 103,525 0 0
HUMANA INC COM 444859102 2,468,270 10,096 SH OTR 2 10,096 0 0
INSPERITY INC COM 45778Q107 1,800,053 29,941 SH OTR 2 29,941 0 0
INSTALLED BLDG PRODS INC COM 45780R101 29,752,800 165,000 SH OTR 1 165,000 0 0
INVITATION HOMES INC COM 46187W107 676,598 20,628 SH OTR 1,2 20,628 0 0
IRIDIUM COMMUNICATIONS INC COM 46269C102 2,950,354 97,791 SH OTR 2 97,791 0 0
JABIL INC COM 466313103 4,282,394 19,635 SH OTR 2 19,635 0 0
JPMORGAN CHASE & CO. COM 46625H100 298,027,480 1,028,000 SH OTR 1 1,028,000 0 0
KEYSIGHT TECHNOLOGIES INC COM 49338L103 2,923,099 17,839 SH OTR 2 17,839 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 4,510,708 37,168 SH OTR 1,2 37,168 0 0
LEIDOS HOLDINGS INC COM 525327102 3,123,490 19,799 SH OTR 2 19,799 0 0
MAPLEBEAR INC COM 565394103 31,668,000 700,000 SH OTR 1 700,000 0 0
MCKESSON CORP COM 58155Q103 2,908,404 3,969 SH OTR 2 3,969 0 0
MICROSOFT CORP COM 594918104 99,482,000 200,000 SH OTR 1 200,000 0 0
MID-AMER APT CMNTYS INC COM 59522J103 1,184,080 8,000 SH OTR 1,2 8,000 0 0
NASDAQ INC COM 631103108 3,149,194 35,218 SH OTR 2 35,218 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 1,119,650 35,000 SH OTR 1,2 35,000 0 0
NEW YORK TIMES CO CL A 650111107 3,015,251 53,863 SH OTR 2 53,863 0 0
NEXPOINT RESIDENTIAL TR INC COM 65341D102 2,401,772 72,082 SH OTR 1,2 72,082 0 0
NIKE INC CL B 654106103 2,989,789 42,086 SH OTR 2 42,086 0 0
NUTANIX INC CL A 67059N108 2,925,359 38,270 SH OTR 2 38,270 0 0
NVR INC COM 62944T105 2,725,309 369 SH OTR 2 369 0 0
OWENS CORNING NEW COM 690742101 2,572,587 18,707 SH OTR 2 18,707 0 0
PAYPAL HLDGS INC COM 70450Y103 37,160,000 500,000 SH OTR 1 500,000 0 0
PAYPAL HLDGS INC COM 70450Y103 3,043,032 40,945 SH OTR 2 40,945 0 0
PEGASYSTEMS INC COM 705573103 4,153,720 76,736 SH OTR 2 76,736 0 0
PLEXUS CORP COM 729132100 2,821,214 20,850 SH OTR 2 20,850 0 0
POLARIS INC COM 731068102 2,652,697 65,257 SH OTR 2 65,257 0 0
QUALYS INC COM 74758T303 3,030,987 21,215 SH OTR 2 21,215 0 0
RALLIANT CORP COM 750940108 590,016 12,168 SH OTR 2 12,168 0 0
REXFORD INDL RLTY INC COM 76169C100 1,422,800 40,000 SH OTR 1,2 40,000 0 0
SAFEHOLD INC COM 78646V107 1,288,368 82,800 SH OTR 1,2 82,800 0 0
SCHWAB CHARLES CORP COM 808513105 68,430,000 750,000 SH OTR 1 750,000 0 0
SCIENCE APPLICATIONS INTL CO COM 808625107 2,679,668 23,796 SH OTR 2 23,796 0 0
SIRIUSXM HOLDINGS INC COMMON STOCK 829933100 2,721,991 118,502 SH OTR 2 118,502 0 0
STANLEY BLACK & DECKER INC COM 854502101 46,070,000 680,000 SH OTR 1 680,000 0 0
SUN CMNTYS INC COM 866674104 2,088,856 16,514 SH OTR 1,2 16,514 0 0
TARGET CORP COM 87612E106 2,525,440 25,600 SH OTR 2 25,600 0 0
TORO CO COM 891092108 2,594,097 36,702 SH OTR 2 36,702 0 0
TRAVELERS COMPANIES INC COM 89417E109 58,858,800 220,000 SH OTR 1 220,000 0 0
TRINET GROUP INC COM 896288107 2,465,915 33,715 SH OTR 2 33,715 0 0
UNITEDHEALTH GROUP INC COM 91324P102 1,591,671 5,102 SH OTR 2 5,102 0 0
VAIL RESORTS INC COM 91879Q109 188,556 1,200 SH OTR 1,2 1,200 0 0
VENTAS INC COM 92276F100 3,473,250 55,000 SH OTR 1,2 55,000 0 0
VICI PPTYS INC COM 925652109 1,687,474 51,763 SH OTR 1,2 51,763 0 0
VISTRA CORP COM 92840M102 4,409,178 22,750 SH OTR 2 22,750 0 0
WALMART INC COM 931142103 26,400,600 270,000 SH OTR 1 270,000 0 0
WATTS WATER TECHNOLOGIES INC CL A 942749102 3,216,979 13,083 SH OTR 2 13,083 0 0
YUM BRANDS INC COM 988498101 86,685,300 585,000 SH OTR 1 585,000 0 0