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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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 273,168 63,380 SH SOLE 0 0 63,380
Abbott Laboratories COM 002824100 739,051 7,478 SH SOLE 0 0 7,478
Abbvie Inc. COM 00287y109 934,661 3,573 SH SOLE 0 0 3,573
Agilent Technologies COM 00846u101 1,778,067 10,319 SH SOLE 0 0 10,319
Airbus COM N0280G100 830,520 3,845 SH SOLE 0 0 3,845
Alphabet Inc. Class A COM 02079k305 8,655,332 25,155 SH SOLE 0 0 25,155
Alphabet Inc. Class C COM 02079k107 11,387,227 33,419 SH SOLE 0 0 33,419
Amazon.com Inc. COM 023135106 10,243,553 41,114 SH SOLE 0 0 41,114
American Express Company COM 025816109 10,465,602 34,415 SH SOLE 0 0 34,415
Amrize Ltd COM H2927K103 425,124 11,370 SH SOLE 0 0 11,370
Apple Inc. COM 037833100 36,977,542 111,037 SH SOLE 0 0 111,037
Atlanta Braves Holdings, Inc. COM 531229888 8,126,714 153,508 SH SOLE 0 0 153,508
Automatic Data Processing COM 053015103 293,156 1,136 SH SOLE 0 0 1,136
Bank of New York Mellon Corp. COM 064058100 272,772 1,886 SH SOLE 0 0 1,886
Berkshire Hathaway B COM 084670702 46,514,505 93,412 SH SOLE 0 0 93,412
Canadian Pacific Kansas City COM 13645t100 231,047 2,715 SH SOLE 0 0 2,715
Cava Group, Inc. COM 148929102 5,518,200 102,000 SH SOLE 0 0 102,000
Chevron Corporation COM 166764100 331,841 1,625 SH SOLE 0 0 1,625
Chubb Corp COM 171232101 1,111,379 3,417 SH SOLE 0 0 3,417
Costco Whsl Corp COM 22160k105 52,035,945 57,161 SH SOLE 0 0 57,161
D R Horton Inc. COM 23331a109 1,035,124 7,575 SH SOLE 0 0 7,575
Deere & Co COM 244199105 1,578,143 2,350 SH SOLE 0 0 2,350
Duke Energy Corp COM 26441c204 269,520 2,364 SH SOLE 0 0 2,364
Ecolab Inc COM 278865100 207,582 756 SH SOLE 0 0 756
Enterprise Prd Prtnrs LP COM 293792107 380,671 10,690 SH SOLE 0 0 10,690
Equifax Inc COM 294429105 411,720 3,000 SH SOLE 0 0 3,000
Fairfax India Holdings Corpora COM 303897102 2,404,502 134,480 SH SOLE 0 0 134,480
Ferguson Enterprises Inc. COM 31488V107 3,256,485 14,628 SH SOLE 0 0 14,628
GE Vernova Inc. COM 36828A101 222,415 234 SH SOLE 0 0 234
General Electric Company COM 369604103 293,553 940 SH SOLE 0 0 940
Graham Holdings Co. Class B COM 384637104 1,596,481 1,407 SH SOLE 0 0 1,407
Ishares Core S&P 500 COM 464287200 284,130 371 SH SOLE 0 0 371
Johnson & Johnson COM 478160104 822,282 3,106 SH SOLE 0 0 3,106
Kirby Corporation COM 497266106 525,000 4,000 SH SOLE 0 0 4,000
L3Harris Technologies Inc. COM 502431109 1,273,876 5,380 SH SOLE 0 0 5,380
Lennar Corp Cl A COM 526057104 667,651 8,183 SH SOLE 0 0 8,183
Liberty Media Corp - Formula O COM 531229854 9,783,220 105,879 SH SOLE 0 0 105,879
Lilly Eli & Company COM 532457108 1,712,478 1,480 SH SOLE 0 0 1,480
Lockheed Martin Corp COM 539830109 703,784 1,382 SH SOLE 0 0 1,382
Markel Group Inc. COM 570535104 428,113 250 SH SOLE 0 0 250
Mastercard Inc. COM 57636q104 9,498,519 17,224 SH SOLE 0 0 17,224
McGrath RentCorp COM 580589109 634,643 5,550 SH SOLE 0 0 5,550
Micron Technology Inc. COM 595112103 12,804,752 12,022 SH SOLE 0 0 12,022
Microsoft Corp COM 594918104 1,380,214 2,691 SH SOLE 0 0 2,691
Norfolk Southern Corp COM 655844108 877,560 2,840 SH SOLE 0 0 2,840
Northrop Grumman Corp COM 666807102 807,412 1,670 SH SOLE 0 0 1,670
Novo-Nordisk A-S Adr COM 670100205 1,407,409 37,125 SH SOLE 0 0 37,125
Nvidia Corp COM 67066G104 655,451 2,870 SH SOLE 0 0 2,870
Omega Healthcare Inv COM 681936100 416,790 9,000 SH SOLE 0 0 9,000
Packaging Corp of America COM 695156109 7,681,127 33,504 SH SOLE 0 0 33,504
RTX Corp COM 75513E101 3,155,679 16,998 SH SOLE 0 0 16,998
SLB Limited COM 806857108 1,289,180 26,461 SH SOLE 0 0 26,461
Spdr Gold Tr Gold Shs COM 78463v107 1,811,275 4,756 SH SOLE 0 0 4,756
Spectrum Brands Holdings Inc. COM 84790a105 322,493 4,056 SH SOLE 0 0 4,056
Starbucks Corp COM 855244109 1,490,300 15,861 SH SOLE 0 0 15,861
Teradyne Inc. COM 880770102 1,884,277 4,700 SH SOLE 0 0 4,700
U Haul Holding COM 023586506 488,070 9,235 SH SOLE 0 0 9,235
Union Pacific Corp COM 907818108 10,402,441 38,226 SH SOLE 0 0 38,226
Vaneck Junior Gold Miners COM 92189F791 3,218,518 28,245 SH SOLE 0 0 28,245
Vaneck Vectors Gold Miners ETF COM 57060u100 4,865,349 55,414 SH SOLE 0 0 55,414
Visa Inc. Class A COM 92826c839 33,244,134 92,517 SH SOLE 0 0 92,517
Wesco International, Inc. COM 95082p105 4,913,078 13,663 SH SOLE 0 0 13,663
Xylem Inc. COM 98419m100 513,439 5,070 SH SOLE 0 0 5,070