CIK 1056831
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Real Estate Management & Development | 79.67% | 1 |
| Utilities | 13.63% | 1 |
| Unclassified | 4.48% | 3 |
| Insurance | 1.99% | 2 |
| Food Products | 0.16% | 1 |
| Technology Hardware & Equipment | 0.04% | 1 |
| Banks | 0.02% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | JOE | ST JOE Co | Real Estate | 79.67% |
| 2 | EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Utilities | 13.63% |
| 3 | OZK | BANK OZK LITTLE ROCK ARK | Financials | 2.79% |
| 4 | BRK.B | BERKSHIRE HATHAWAY INC | Financials | 1.60% |
| 5 | WRB | BERKLEY W R CORP | Financials | 1.12% |
| 6 | PGR | PROGRESSIVE CORP/OH/ | Financials | 0.87% |
| 7 | KHC | Kraft Heinz Co | Consumer Staples | 0.16% |
| 8 | BRK.A | BERKSHIRE HATHAWAY INC DEL | Unclassified | 0.09% |
| 9 | AAPL | Apple Inc. | Information Technology | 0.04% |
| 10 | HOMB | HOME BANCSHARES INC | Financials | 0.02% |
9/10 names classified · sector 99.9% of weight · industry 95.5% · mkt cap 97.1%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 99.9% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 81.9% of book weight (6/10 names) · unclassified 18.1%: EPD, OZK, BRK.B, BRK.A. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | JOEST JOE CO | 19,210,167 | $1.2B | 79.7% | HOLD |
| 2 | EPDENTERPRISE PRODS PARTNERS L | 5,455,800 | $206M | 13.6% | HOLD |
| 3 | OZKBANK OZK LITTLE ROCK ARK | 921,252 | $42M | 2.8% | HOLD |
| 4 | BRK.BBERKSHIRE HATHAWAY INC DEL | 50,452 | $24M | 1.6% | ADD 5% |
| 5 | WRBBERKLEY W R CORP | 256,350 | $17M | 1.1% | HOLD |
| 6 | PGRPROGRESSIVE CORP | 66,400 | $13M | 0.9% | ADD 159% |
| 7 | KHCKRAFT HEINZ CO | 105,300 | $2M | 0.2% | NEW |
| 8 | BRK.ABERKSHIRE HATHAWAY INC DEL | 2 | $1M | 0.1% | ADD 100% |
| 9 | AAPLAPPLE INC | 2,400 | $609,096 | 0.0% | HOLD |
| 10 | HOMBHOME BANCSHARES INC | 12,100 | $325,853 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| JOEST JOE CO | 20.6M | 20.2M | 20.2M | 19.6M | 19.4M | 19.2M | $1.2B |
| EPDENTERPRISE PRODS PARTNERS L | 5.4M | 5.5M | 5.5M | 5.5M | 5.5M | 5.5M | $206M |
| OZKBANK OZK LITTLE ROCK ARK | 643K | 632K | 917K | 916K | 914K | 921K | $42M |
| BRK.BBERKSHIRE HATHAWAY INC DEL | 49K | 49K | 49K | 48K | 48K | 50K | $24M |
| WRBBERKLEY W R CORP | 261K | 261K | 261K | 261K | 260K | 256K | $17M |
| PGRPROGRESSIVE CORP | — | — | — | — | 26K | 66K | $13M |
| KHCKRAFT HEINZ CO | — | — | — | — | — | 105K | $2M |
| BRK/ABERKSHIRE HATHAWAY INC DEL | 1 | 1 | 1 | 1 | 1 | 2 | $1M |
| AAPLAPPLE INC | 2K | 2K | 2K | 2K | 2K | 2K | $609,096 |
| HOMBHOME BANCSHARES INC | — | — | — | — | — | 12K | $325,853 |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Where this firm's principals came from and which firms its alumni went on to found.
