Holdings
| Level 3 Communications Inc. | $2.07B | 11.0% | 47,105,487 | −1,733,720 | −3.5% | Reduced |
| CHKEUR CHESAPEAKE ENERGY CORP | $2.00B | 10.6% | 64,304,516 | −4,054,324 | −5.9% | Reduced |
| FDX FEDEX CORP | $1.88B | 10.0% | 12,412,235 | −674,617 | −5.2% | Reduced |
| L LOEWS CORP | $1.55B | 8.3% | 35,300,094 | −1,518,790 | −4.1% | Reduced |
| BNY BANK OF NEW YORK MELLON CORP | $1.29B | 6.9% | 34,546,139 | −2,021,365 | −5.5% | Reduced |
| MDLZ MONDELEZ INTERNATIONAL INC-A | $1.19B | 6.3% | 31,664,358 | −2,420,463 | −7.1% | Reduced |
| CONSOL Energy Inc. | $1.05B | 5.6% | 22,714,540 | −337,901 | −1.5% | Reduced |
| MUR MURPHY OIL CORP | $962.8M | 5.1% | 14,482,958 | −524,474 | −3.5% | Reduced |
| TRV TRAVELERS COS INC | $871.7M | 4.6% | 9,266,741 | −467,894 | −4.8% | Reduced |
| Aon PLC | $826.1M | 4.4% | 9,169,828 | −897,470 | −8.9% | Reduced |
| EG EVEREST GROUP LTD | $672.6M | 3.6% | 4,190,620 | −284,100 | −6.3% | Reduced |
| tw telecom inc. | $612.8M | 3.3% | 15,201,344 | +4,366,541 | +40.3% | Added |
| ABT ABBOTT LABORATORIES | $559.8M | 3.0% | 13,687,877 | −59,467 | −0.4% | Reduced |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | $544.5M | 2.9% | 4,302,129 | −31,367 | −0.7% | Reduced |
| PHG KONINKLIJKE PHILIPS NVR- NY | $502.3M | 2.7% | 15,816,052 | +623,905 | +4.1% | Added |
| NWS NEWS CORP - CLASS B | $453.4M | 2.4% | 25,983,627 | −2,593,600 | −9.1% | Reduced |
| GHC GRAHAM HOLDINGS CO-CLASS B | $431.9M | 2.3% | 601,372 | +64,362 | +12.0% | Added |
| NWSA NEWS CORP - CLASS A | $290.8M | 1.5% | 16,210,530 | −1,061,968 | −6.1% | Reduced |
| Texas Industries Inc. | $282.6M | 1.5% | 3,059,870 | −5,000,287 | −62.0% | Reduced |
| SNI SCRIPPS NETWORKS INTER-CL A | $225.8M | 1.2% | 2,783,249 | +75,605 | +2.8% | Added |
| ESRT EMPIRE STATE REALTY TRUST-A | $204.9M | 1.1% | 12,415,753 | — | — | Held |
| MTN VAIL RESORTS INC | $197.3M | 1.0% | 2,556,858 | — | — | Held |
| RYN RAYONIER INC | $47.7M | 0.3% | 1,341,900 | +920,962 | +218.8% | Added |
| VSAT VIASAT INC | $39.7M | 0.2% | 684,828 | +684,828 | — | New |
| VOD VODAFONE GROUP PLC-SP ADR | $35.7M | 0.2% | 1,069,738 | — | — | Held |
| DIN DINE BRANDS GLOBAL INC | $16.9M | 0.1% | 213,000 | −1,102,000 | −83.8% | Reduced |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | $1.3M | 0.0% | 7 | — | — | Held |
Sold positions
| Holding | Shares sold | Prior value |
|---|---|---|
| CNH CNH INDUSTRIAL NV | 9,781,919 | $112.5M |
| VNO VORNADO REALTY TRUST | 230,700 | $22.7M |
Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.