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
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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
ARS Pharmaceuticals Inc. COM 82835W108 569,351 71,080 SH SOLE 0 0 71,080
Abbott Laboratories COM 002824100 678,554 7,478 SH SOLE 0 0 7,478
Abbvie Inc. COM 00287y109 899,110 3,573 SH SOLE 0 0 3,573
Agilent Technologies COM 00846u101 1,411,850 10,629 SH SOLE 0 0 10,629
Airbnb, Inc. COM 009066101 441,464 3,085 SH SOLE 0 0 3,085
Airbus COM N0280G100 854,474 3,845 SH SOLE 0 0 3,845
Alphabet Inc. Class A COM 02079k305 9,064,690 25,365 SH SOLE 0 0 25,365
Alphabet Inc. Class C COM 02079k107 11,807,974 33,419 SH SOLE 0 0 33,419
Amazon.com Inc. COM 023135106 9,802,686 41,129 SH SOLE 0 0 41,129
American Express Company COM 025816109 11,645,948 34,430 SH SOLE 0 0 34,430
Amrize Ltd COM H2927K103 613,750 11,515 SH SOLE 0 0 11,515
Apple Inc. COM 037833100 32,129,666 111,037 SH SOLE 0 0 111,037
Atlanta Braves Holdings, Inc. COM 531229888 7,864,822 151,538 SH SOLE 0 0 151,538
Automatic Data Processing COM 053015103 254,407 1,136 SH SOLE 0 0 1,136
Bank of New York Mellon Corp. COM 064058100 272,734 1,886 SH SOLE 0 0 1,886
Berkshire Hathaway B COM 084670702 48,259,113 96,443 SH SOLE 0 0 96,443
Canadian Pacific Kansas City COM 13645t100 235,255 2,715 SH SOLE 0 0 2,715
Cava Group, Inc. COM 148929102 2,686,920 34,237 SH SOLE 0 0 34,237
Chevron Corporation COM 166764100 288,422 1,740 SH SOLE 0 0 1,740
Chubb Corp COM 171232101 1,167,716 3,427 SH SOLE 0 0 3,427
Costco Whsl Corp COM 22160k105 53,511,690 57,203 SH SOLE 0 0 57,203
D R Horton Inc. COM 23331a109 1,233,816 7,575 SH SOLE 0 0 7,575
Deere & Co COM 244199105 1,490,676 2,350 SH SOLE 0 0 2,350
Duke Energy Corp COM 26441c204 313,159 2,474 SH SOLE 0 0 2,474
Ecolab Inc COM 278865100 210,629 756 SH SOLE 0 0 756
Enterprise Prd Prtnrs LP COM 293792107 392,964 10,690 SH SOLE 0 0 10,690
Equifax Inc COM 294429105 476,160 3,000 SH SOLE 0 0 3,000
Fairfax India Holdings Corpora COM 303897102 2,711,348 148,730 SH SOLE 0 0 148,730
Ferguson Enterprises Inc. COM 31488V107 3,423,011 14,423 SH SOLE 0 0 14,423
GE Vernova Inc. COM 36828A101 274,917 234 SH SOLE 0 0 234
General Electric Company COM 369604103 351,306 940 SH SOLE 0 0 940
Graham Holdings Co. Class B COM 384637104 1,605,978 1,407 SH SOLE 0 0 1,407
Johnson & Johnson COM 478160104 788,831 3,106 SH SOLE 0 0 3,106
Kirby Corporation COM 497266106 543,880 4,000 SH SOLE 0 0 4,000
L3Harris Technologies Inc. COM 502431109 1,563,374 5,380 SH SOLE 0 0 5,380
Lennar Corp Cl A COM 526057104 326,397 3,607 SH SOLE 0 0 3,607
Liberty Media Corp - Formula O COM 531229854 9,980,376 104,902 SH SOLE 0 0 104,902
Lilly Eli & Company COM 532457108 1,775,156 1,480 SH SOLE 0 0 1,480
Lockheed Martin Corp COM 539830109 719,358 1,412 SH SOLE 0 0 1,412
Markel Group Inc. COM 570535104 488,253 250 SH SOLE 0 0 250
Mastercard Inc. COM 57636q104 8,846,246 17,224 SH SOLE 0 0 17,224
McGrath RentCorp COM 580589109 671,717 5,550 SH SOLE 0 0 5,550
Micron Technology Inc. COM 595112103 13,934,589 12,072 SH SOLE 0 0 12,072
Microsoft Corp COM 594918104 1,049,678 2,814 SH SOLE 0 0 2,814
Norfolk Southern Corp COM 655844108 943,770 3,000 SH SOLE 0 0 3,000
Northrop Grumman Corp COM 666807102 868,374 1,705 SH SOLE 0 0 1,705
Novo-Nordisk A-S Adr COM 670100205 2,025,705 42,255 SH SOLE 0 0 42,255
Nvidia Corp COM 67066G104 574,258 2,870 SH SOLE 0 0 2,870
Omega Healthcare Inv COM 681936100 429,120 9,000 SH SOLE 0 0 9,000
On Holdings COM H5919C104 4,942,401 139,537 SH SOLE 0 0 139,537
Packaging Corp of America COM 695156109 8,055,770 33,808 SH SOLE 0 0 33,808
RTX Corp COM 75513E101 3,225,031 16,998 SH SOLE 0 0 16,998
SLB Limited COM 806857108 766,388 16,485 SH SOLE 0 0 16,485
Spdr Gold Tr Gold Shs COM 78463v107 1,752,015 4,756 SH SOLE 0 0 4,756
Spectrum Brands Holdings Inc. COM 84790a105 352,261 4,108 SH SOLE 0 0 4,108
Starbucks Corp COM 855244109 1,629,011 15,941 SH SOLE 0 0 15,941
Teradyne Inc. COM 880770102 2,274,048 4,700 SH SOLE 0 0 4,700
U Haul Holding COM 023586506 532,860 9,235 SH SOLE 0 0 9,235
Union Pacific Corp COM 907818108 10,397,200 38,225 SH SOLE 0 0 38,225
Vaneck Junior Gold Miners COM 92189F791 2,719,658 27,681 SH SOLE 0 0 27,681
Vaneck Vectors Gold Miners ETF COM 57060u100 4,002,623 53,050 SH SOLE 0 0 53,050
Visa Inc. Class A COM 92826c839 31,747,147 92,533 SH SOLE 0 0 92,533
Wesco International, Inc. COM 95082p105 4,719,610 13,663 SH SOLE 0 0 13,663
Xylem Inc. COM 98419m100 516,578 4,370 SH SOLE 0 0 4,370