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
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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN EXPRESS CO COM 025816109   315,154,963 1,682,262 SH   SOLE   1,682,262 0 0
AMGEN INC COM 031162100   296,593,779 1,029,768 SH   SOLE   1,029,768 0 0
APA CORPORATION COM 03743Q108   187,866,137 5,235,957 SH   SOLE   5,235,957 0 0
BANK AMERICA CORP COM 060505104   234,475,590 6,963,932 SH   SOLE   6,963,932 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   66,381,916 186,121 SH   SOLE   186,121 0 0
CANADA GOOSE HLDGS INC SHS SUB VTG 135086106   2,891,347 243,404 SH   SOLE   243,404 0 0
CENOVUS ENERGY INC COM 15135U109   10,079,815 604,903 SH   SOLE   604,903 0 0
CONOCOPHILLIPS COM 20825C104   223,954,279 1,929,476 SH   SOLE   1,929,476 0 0
CREDIT ACCEP CORP MICH COM 225310101   97,215,767 182,486 SH   SOLE   182,486 0 0
D R HORTON INC COM 23331A109   395,478,101 2,602,172 SH   SOLE   2,602,172 0 0
DEVON ENERGY CORP NEW COM 25179M103   172,651,528 3,811,292 SH   SOLE   3,811,292 0 0
EBAY INC. COM 278642103   142,639,974 3,270,059 SH   SOLE   3,270,059 0 0
FIFTH THIRD BANCORP COM 316773100   67,353,762 1,952,849 SH   SOLE   1,952,849 0 0
FRONTLINE PLC COM M46528101   10,001,850 500,827 SH   SOLE   500,827 0 0
HOME DEPOT INC COM 437076102   157,065,124 453,225 SH   SOLE   453,225 0 0
JPMORGAN CHASE & CO COM 46625H100   236,644,991 1,391,211 SH   SOLE   1,391,211 0 0
LENNAR CORP CL A 526057104   404,169,653 2,711,820 SH   SOLE   2,711,820 0 0
M & T BK CORP COM 55261F104   59,418,148 433,456 SH   SOLE   433,456 0 0
MACERICH CO COM 554382101   316,379,343 20,504,170 SH   SOLE   20,504,170 0 0
MERCK & CO INC COM 58933Y105   318,607,897 2,922,472 SH   SOLE   2,922,472 0 0
NVR INC COM 62944T105   276,384,766 39,481 SH   SOLE   39,481 0 0
OCCIDENTAL PETE CORP COM 674599105   359,029,005 6,012,879 SH   SOLE   6,012,879 0 0
OCCIDENTAL PETE CORP *W EXP 08/03/202 674599162   12,062,460 309,850 SH   SOLE   309,850 0 0
OVINTIV INC COM 69047Q102   242,636,479 5,524,510 SH   SOLE   5,524,510 0 0
QUALCOMM INC COM 747525103   108,121,917 747,576 SH   SOLE   747,576 0 0
SIMON PPTY GROUP INC NEW COM 828806109   328,211,217 2,300,976 SH   SOLE   2,300,976 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   1,399,313 2,944 SH   SOLE   2,944 0 0
TARGET CORP COM 87612E106   156,168,230 1,096,533 SH   SOLE   1,096,533 0 0
U HAUL HOLDING COMPANY COM 023586100   38,383,706 534,592 SH   SOLE   534,592 0 0
U HAUL HOLDING COMPANY COM SER N 023586506   146,339,100 2,077,500 SH   SOLE   2,077,500 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   114,003,099 10,017,847 SH   SOLE   10,017,847 0 0
WEST FRASER TIMBER CO LTD COM 952845105   8,664,655 101,280 SH   SOLE   101,280 0 0
WESTERN ALLIANCE BANCORP COM 957638109   77,956,939 1,184,936 SH   SOLE   1,184,936 0 0