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
AerCap Holdings COM n00985106 117,770,852 807,867 SH SOLE 807,867 0 0
Alphabet COM 38259p706 235,944,012 667,772 SH SOLE 667,772 0 0
Alphabet Class A COM 38259p508 1,316,339 3,683 SH SOLE 3,683 0 0
Amazon COM 023135106 49,111,526 206,057 SH SOLE 206,057 0 0
Amgen COM 031162100 1,406,836 3,885 SH SOLE 3,885 0 0
Apple COM 037833100 6,782,388 23,439 SH SOLE 23,439 0 0
Bank of America COM 060505104 685,912 12,038 SH SOLE 12,038 0 0
Berkshire Hathaway 'A' COM 084670108 20,967,800 28 SH SOLE 28 0 0
Berkshire Hathaway COM 084670702 559,973,704 1,119,075 SH SOLE 1,119,075 0 0
Berkshire Hathaway COM 084670702 462,160,204 923,600 SH Call SOLE 923,600 0 0
Berkshire Hathaway COM 084670702 539,570,537 1,078,300 SH Call SOLE 1,078,300 0 0
Berkshire Hathaway COM 084670702 763,895,374 1,526,600 SH Call SOLE 1,526,600 0 0
Berkshire Hathaway COM 084670702 116,740,987 233,300 SH Call SOLE 233,300 0 0
Berkshire Hathaway COM 084670702 5,053,939 10,100 SH Call SOLE 10,100 0 0
Berkshire Hathaway COM 084670702 8,056,279 16,100 SH Call SOLE 16,100 0 0
Berkshire Hathaway COM 084670702 27,471,411 54,900 SH Call SOLE 54,900 0 0
Berkshire Hathaway COM 084670702 5,554,329 11,100 SH Call SOLE 11,100 0 0
Berkshire Hathaway COM 084670702 14,611,388 29,200 SH Call SOLE 29,200 0 0
Berkshire Hathaway COM 084670702 36,178,197 72,300 SH Call SOLE 72,300 0 0
Berkshire Hathaway COM 084670702 450,351 900 SH Call SOLE 900 0 0
Berkshire Hathaway COM 084670702 4,303,354 8,600 SH Call SOLE 8,600 0 0
Berkshire Hathaway COM 084670702 19,465,171 38,900 SH Call SOLE 38,900 0 0
Berkshire Hathaway COM 084670702 6,505,070 13,000 SH Call SOLE 13,000 0 0
Berkshire Hathaway COM 084670702 250,195 500 SH Call SOLE 500 0 0
Biglari Cl A COM 08986r408 3,287,510 1,562 SH SOLE 1,562 0 0
Biglari Holdings COM 08986r101 411,971 967 SH SOLE 967 0 0
Boeing Co COM 097023105 312,799 1,445 SH SOLE 1,445 0 0
Brookfield Asset Management COM 113004105 588,836 13,129 SH SOLE 13,129 0 0
Brookfield Corp. COM 11271J107 187,786,592 4,409,171 SH SOLE 4,409,171 0 0
Caterpillar Tractor COM 149123101 1,828,433 1,717 SH SOLE 1,717 0 0
Chevron COM 166764100 207,200 1,250 SH SOLE 1,250 0 0
Cimpress COM 045290255 48,051,725 472,485 SH SOLE 472,485 0 0
Citizens Financial Group COM 174610105 266,266 3,800 SH SOLE 3,800 0 0
Corning COM 219350105 1,289,921 5,050 SH SOLE 5,050 0 0
Disney (Walt) COM 254687106 43,329,226 450,174 SH SOLE 450,174 0 0
Fairfax Finl Hldgs COM 303901102 3,253,915 1,979 SH SOLE 1,979 0 0
Fastenal COM 311900104 380,398 7,920 SH SOLE 7,920 0 0
FedEx COM 31428x106 300,918 961 SH SOLE 961 0 0
First Citizens COM 31946M103 92,293,066 44,355 SH SOLE 44,355 0 0
Freeport Mcmoran Copper COM 35671d857 244,076 3,881 SH SOLE 3,881 0 0
GE Vernova COM 36828A101 1,058,549 901 SH SOLE 901 0 0
General Electric COM 369604103 1,117,453 2,990 SH SOLE 2,990 0 0
Goldman Sachs COM 38141g104 1,243,985 1,230 SH SOLE 1,230 0 0
Hershey Foods COM 427866108 36,015,028 205,272 SH SOLE 205,272 0 0
Hudbay Minerals COM 443628102 234,683 9,940 SH SOLE 9,940 0 0
Illinois Tool Works COM 452308109 297,517 1,100 SH SOLE 1,100 0 0
JPMorgan Chase COM 46625h100 313,279 957 SH SOLE 957 0 0
Jefferies COM 47233w109 34,281,773 685,910 SH SOLE 685,910 0 0
LKQ Corp COM 501889208 49,669,339 1,886,416 SH SOLE 1,886,416 0 0
Lam Research COM 512807108 216,665 500 SH SOLE 500 0 0
Markel COM 570535104 154,696,297 79,209 SH SOLE 79,209 0 0
Microsoft COM 594918104 2,323,566 6,229 SH SOLE 6,229 0 0
Nvidia COM 67066g104 615,677 3,077 SH SOLE 3,077 0 0
Quest Diagnostics COM 74834l100 275,536 1,300 SH SOLE 1,300 0 0
Raytheon Technologies COM 75513E101 661,968 3,489 SH SOLE 3,489 0 0
Schwab US Large Cap Growth COM 808524300 331,632 9,800 SH SOLE 9,800 0 0
Sirius XM COM 829933100 86,487,194 2,927,799 SH SOLE 2,927,799 0 0
Taseko Mines COM 89472y107 215,688 31,350 SH SOLE 31,350 0 0
Tesla Motors COM 88160r101 988,410 2,350 SH SOLE 2,350 0 0
Trupanion Inc. COM 898202106 992,658 40,075 SH SOLE 40,075 0 0
Uber COM 90353T100 351,058 4,865 SH SOLE 4,865 0 0
UnitedHealth COM 91324p102 466,337 1,122 SH SOLE 1,122 0 0
Wayfair COM 94419l101 15,621,260 169,025 SH SOLE 169,025 0 0
Wells Fargo COM 949746101 370,475 4,483 SH SOLE 4,483 0 0
IShares Exponential Technologi ETF 46434V381 727,144 8,800 SH SOLE 8,800 0 0
SPDR S&P 500 ETF 78462f103 720,633 965 SH SOLE 965 0 0
Schwab US Small Cap ETF ETF 808524607 202,328 5,600 SH SOLE 5,600 0 0