#	Holding	Value	% Port.	Δ Shares	Change (QoQ)
1	Apple Inc	$65950296923	22.04%	—	Held
2	American Express Co	$51282319275	17.14%	—	Held
3	Coca Cola Co	$32508000000	10.86%	—	Held
4	Alphabet Inc	$28157599351	9.41%	+24541369	+45.24%
5	Bank Of Amer Corp	$27543790975	9.20%	-30230150	-5.89%
6	Chevron Corporation	$13986141890	4.67%	—	Held
7	Occidental Pete Corp	$12868205304	4.30%	—	Held
8	Chubb Limited	$11670066615	3.90%	—	Held
9	Moodys Corp	$11173435852	3.73%	—	Held
10	Alphabet Inc	$9606489032	3.21%	+23603218	+658.35%
11	Kraft Heinz Co	$7691494401	2.57%	—	Held
12	Davita Inc	$6425268898	2.15%	-1220376	-4.05%
13	Delta Air Lines Inc	$5368591200	1.79%	+17510544	+43.99%
14	Siriusxm Holdings Inc	$3686802237	1.23%	—	Held
15	Verisign Inc	$2261494212	0.76%	—	Held
16	Kroger Co	$2165670000	0.72%	-11000000	-22.00%
17	Ally Finl Inc	$1240650000	0.41%	-2000000	-6.90%
18	Lennar Corp	$1186481443	0.40%	+3012099	+29.82%
19	Liberty Live Holdings Inc	$1118425787	0.37%	—	Held
20	New York Times Co Mtn Be	$1098686000	0.37%	+553465	+3.65%
21	Capital One Finl Corp	$601860000	0.20%	-4150000	-58.04%
22	Liberty Live Holdings Inc	$504941901	0.17%	—	Held
23	Louisiana Pac Corp	$445592617	0.15%	—	Held
24	Nucor Corp	$413814258	0.14%	-2049323	-52.45%
25	Macys Inc	$173031882	0.06%	+4309071	+141.82%
26	Nvr Inc	$75710501	0.03%	—	Held
27	Lennar Corp	$26445959	0.01%	+60414	+25.42%
28	Jefferies Financial Group In	$21669229	0.01%	—	Held
29	D R Horton Inc	$580504	0.00%	—	NEW BUY

Holdings disclosed quarterly to the SEC on Form 13-F and may be up to 45 days old. Values as reported. For research only — not investment advice.