# EDGAR Filing Document

**Accession Number:** 0000010742
**File Stem:** 0000010742-26-000002
**Filing Date:** 2026-2
**Character Count:** 22839
**Document Hash:** bc6240ec82b782f4749ab29f099211b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000010742-26-000002.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0000010742-26-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260212

**EFFECTIVENESS DATE**: 20260212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BECK MACK & OLIVER LLC
- **CENTRAL INDEX KEY:** 0000010742

**ORGANIZATION NAME:**
- **EIN:** 130477010
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-00678
- **FILM NUMBER:** 26627128

**BUSINESS ADDRESS:**
- **STREET 1:** 565 FIFTH AVENUE
- **STREET 2:** 19TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 2126612640

**MAIL ADDRESS:**
- **STREET 1:** 565 FIFTH AVENUE
- **STREET 2:** 19TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** BECK MACK  OLIVER LLC<br>**Address:** 565 FIFTH AVENUE<br>19TH FLOOR<br>NEW YORK, NY 10017

**Form 13F File Number:** 028-00678

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** JOHN C. ELLIS<br>**Title:** CO-MANAGING PARTNER<br>**Phone:** 212-661-2640

**Signature, Place, and Date of Signing:**

JOHN C. ELLIS  NEW YORK, NY  02-12-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 194

**Form 13F Information Table Value Total:** $5506180680

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 1STDIBS COM INC COM | COM | 320551104 |  | 11683363 | 1950478 | SH |  | SOLE |  | 1927578 | 0 | 22900 |
| ABBOTT LABS | COM | 002824100 |  | 109594809 | 874729 | SH |  | SOLE |  | 847527 | 0 | 27202 |
| ABBVIE INC. COM | COM | 00287y109 |  | 4165144 | 18229 | SH |  | SOLE |  | 18229 | 0 | 0 |
| ACCENTURE PLC | COM | G1151C101 |  | 387962 | 1446 | SH |  | SOLE |  | 1446 | 0 | 0 |
| ADVANCED DRAIN SYS INC COM | COM | 00790R104 |  | 1512460 | 10443 | SH |  | SOLE |  | 10443 | 0 | 0 |
| ALCON INC ORD SHS | COM | H01301128 |  | 2127870 | 27000 | SH |  | SOLE |  | 27000 | 0 | 0 |
| ALLIANCE BERNSTEIN HOLDING L.P | COM | 01881g106 |  | 294680 | 7658 | SH |  | SOLE |  | 7658 | 0 | 0 |
| ALLSTATE CORP COM | COM | 020002101 |  | 439197 | 2110 | SH |  | SOLE |  | 2110 | 0 | 0 |
| ALPHABET INC CAP STK CL A | COM | 02079k305 |  | 87989854 | 281118 | SH |  | SOLE |  | 277408 | 0 | 3710 |
| ALPHABET INC CAP STK CL C | COM | 02079k107 |  | 313430344 | 998822 | SH |  | SOLE |  | 970817 | 0 | 28005 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 1089543 | 18896 | SH |  | SOLE |  | 18896 | 0 | 0 |
| AMAZON.COM INC | COM | 023135106 |  | 47862685 | 207359 | SH |  | SOLE |  | 202984 | 0 | 4375 |
| AMDOCS LTD | COM | g02602103 |  | 1444430 | 17941 | SH |  | SOLE |  | 0 | 0 | 17941 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 151497997 | 409509 | SH |  | SOLE |  | 403488 | 0 | 6021 |
| AMGEN INC COM | COM | 031162100 |  | 1656941 | 5062 | SH |  | SOLE |  | 624 | 0 | 4438 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 400199968 | 2764576 | SH |  | SOLE |  | 2643668 | 0 | 120908 |
| APPLE INC COM | COM | 037833100 |  | 31916326 | 117400 | SH |  | SOLE |  | 117075 | 0 | 325 |
| ARES MGMT L P COM UNIT RP IN | COM | 03990B101 |  | 12375363 | 76566 | SH |  | SOLE |  | 64091 | 0 | 12475 |
| ARMSTRONG WORLD INDS I COM | COM | 04247x102 |  | 5159509 | 26999 | SH |  | SOLE |  | 26879 | 0 | 120 |
| ASHTEAD GROUP PLC SHS | COM | G05320109 |  | 238254995 | 3482242 | SH |  | SOLE |  | 3383953 | 0 | 98289 |
| AUTODESK INC | COM | 052769106 |  | 219047 | 740 | SH |  | SOLE |  | 740 | 0 | 0 |
| AUTOM.DATA PROCESSING | COM | 053015103 |  | 6632161 | 25783 | SH |  | SOLE |  | 24235 | 0 | 1548 |
| AXIS CAP.HOLDGS.LTD. | COM | G0692U109 |  | 5106158 | 47681 | SH |  | SOLE |  | 47681 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 2808739 | 24194 | SH |  | SOLE |  | 8385 | 0 | 15809 |
| BAXTER INTL INC | COM | 071813109 |  | 400718 | 20969 | SH |  | SOLE |  | 20969 | 0 | 0 |
| BEAR CREEK MNG CORP COM | COM | 07380n104 |  | 12984 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| BEL FUSE INC CL B | COM | 077347300 |  | 593705 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| BERKSHIRE HATHAW.CLB | COM | 084670702 |  | 46327888 | 92167 | SH |  | SOLE |  | 86850 | 0 | 5317 |
| BLACKBERRY LTD COM | COM | 09228F103 |  | 68789 | 18150 | SH |  | SOLE |  | 18150 | 0 | 0 |
| BLACKSTONE INC. | COM | 09260D107 |  | 331310706 | 2149414 | SH |  | SOLE |  | 2070971 | 0 | 78443 |
| BLUE OWL CAPITAL INC COM CL A | COM | 09581B103 |  | 116037381 | 7766893 | SH |  | SOLE |  | 7463043 | 0 | 303850 |
| BODYCOTE PLC COM | COM | G1214R111 |  | 160310 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| BOOKING HLDGS INC COM | COM | 09857L108 |  | 230279 | 43 | SH |  | SOLE |  | 43 | 0 | 0 |
| BROOKFIELD ASSET MANAG CL A LM | COM | 113004105 |  | 4931366 | 94128 | SH |  | SOLE |  | 92802 | 0 | 1326 |
| BROOKFIELD CORP CL A LMT VTG S | COM | 11271J107 |  | 38639288 | 841998 | SH |  | SOLE |  | 832811 | 0 | 9187 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 617533 | 2548 | SH |  | SOLE |  | 2548 | 0 | 0 |
| CARRIER GLOBAL CORP COM | COM | 14448C104 |  | 549219 | 10394 | SH |  | SOLE |  | 10394 | 0 | 0 |
| CBRE GROUP INC CL A | COM | 12504L109 |  | 470472 | 2926 | SH |  | SOLE |  | 2926 | 0 | 0 |
| CENTRAL SECS CORP | COM | 155123102 |  | 297265 | 5862 | SH |  | SOLE |  | 5862 | 0 | 0 |
| CHEVRON CORPORATION | COM | 166764100 |  | 2743685 | 18002 | SH |  | SOLE |  | 17552 | 0 | 450 |
| CHUBB LIMITED COM | COM | h1467j104 |  | 274041 | 878 | SH |  | SOLE |  | 878 | 0 | 0 |
| CITY HLDG CO COM | COM | 177835105 |  | 311231 | 2611 | SH |  | SOLE |  | 2611 | 0 | 0 |
| COCA-COLA CO | COM | 191216100 |  | 1267888 | 18136 | SH |  | SOLE |  | 17846 | 0 | 290 |
| COMCAST CORP CL A | COM | 20030N101 |  | 918191 | 30719 | SH |  | SOLE |  | 30719 | 0 | 0 |
| COMMERCE BANCSHARES COM | COM | 200525103 |  | 478126 | 9135 | SH |  | SOLE |  | 9135 | 0 | 0 |
| CONOCOPHILLIPS COM | COM | 20825C104 |  | 335124 | 3580 | SH |  | SOLE |  | 3580 | 0 | 0 |
| COOPER COS INC COM NEW | COM | 216648501 |  | 3360360 | 41000 | SH |  | SOLE |  | 41000 | 0 | 0 |
| COSTAR GROUP INC. | COM | 22160n109 |  | 149601536 | 2224889 | SH |  | SOLE |  | 2157729 | 0 | 67160 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 9063673 | 10511 | SH |  | SOLE |  | 10511 | 0 | 0 |
| CREDIT ACCEP CORP MICH COM | COM | 225310101 |  | 137626924 | 310348 | SH |  | SOLE |  | 300363 | 0 | 9985 |
| CRIMSON WINE GROUP LTD COM | COM | 22662X100 |  | 7457663 | 1521972 | SH |  | SOLE |  | 1509972 | 0 | 12000 |
| CUMMINS INC COM | COM | 231021106 |  | 265434 | 520 | SH |  | SOLE |  | 520 | 0 | 0 |
| CVS HEALTH CORP COM | COM | 126650100 |  | 1686274 | 21248 | SH |  | SOLE |  | 300 | 0 | 20948 |
| DANAHER CORP DEL | COM | 235851102 |  | 1907361 | 8332 | SH |  | SOLE |  | 8332 | 0 | 0 |
| DEERE  CO COM | COM | 244199105 |  | 2467521 | 5300 | SH |  | SOLE |  | 5300 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 505139 | 4440 | SH |  | SOLE |  | 4440 | 0 | 0 |
| DOMINION ENERGY | COM | 25746U109 |  | 1095223 | 18693 | SH |  | SOLE |  | 18693 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 9760758 | 49994 | SH |  | SOLE |  | 43936 | 0 | 6058 |
| DUKE ENERGY CORP NEW COM NEW | COM | 26441c204 |  | 14658869 | 125065 | SH |  | SOLE |  | 121999 | 0 | 3066 |
| DUNDEE ENERGY LTD COM | COM | 26518Q102 |  | 0 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| EDWARDS LIFESCIENCES COR | COM | 28176E108 |  | 1288980 | 15120 | SH |  | SOLE |  | 15120 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 330569 | 943 | SH |  | SOLE |  | 943 | 0 | 0 |
| ENBRIDGE INC COM | COM | 29250n105 |  | 15517965 | 324440 | SH |  | SOLE |  | 314604 | 0 | 9836 |
| ENTERPRISE PRODS PARTNERS LP | COM | 293792107 |  | 25490329 | 795082 | SH |  | SOLE |  | 777708 | 0 | 17374 |
| EOG RES INC COM | COM | 26875P101 |  | 514549 | 4900 | SH |  | SOLE |  | 4900 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 5516025 | 45837 | SH |  | SOLE |  | 45837 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 1149323 | 28640 | SH |  | SOLE |  | 28640 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 8207668 | 28414 | SH |  | SOLE |  | 28414 | 0 | 0 |
| FERGUSON ENTERPRISES INC. | COM | 31488V107 |  | 187783559 | 843478 | SH |  | SOLE |  | 820260 | 0 | 23218 |
| FERROGLOBE PLC SHS | COM | G33856108 |  | 187456 | 40400 | SH |  | SOLE |  | 40400 | 0 | 0 |
| FISERV INC COM | COM | 337738108 |  | 2771098 | 41255 | SH |  | SOLE |  | 41255 | 0 | 0 |
| FORTREA HOLDINGS INC. | COM | 34965K107 |  | 13880230 | 804651 | SH |  | SOLE |  | 781625 | 0 | 23026 |
| GALLAGHER ARTHUR J | COM | 363576109 |  | 227491597 | 879059 | SH |  | SOLE |  | 848137 | 0 | 30922 |
| GE AEROSPACE | COM | 369604301 |  | 2236914 | 7262 | SH |  | SOLE |  | 7262 | 0 | 0 |
| GE VERNOVA INC COM | COM | 36828A101 |  | 1251587 | 1915 | SH |  | SOLE |  | 1915 | 0 | 0 |
| GLOBALSTAR INC | COM | 378973507 |  | 69533777 | 1139151 | SH |  | SOLE |  | 1097618 | 0 | 41533 |
| GLOBE LIFE INC COM | COM | 37959E102 |  | 2954543 | 21125 | SH |  | SOLE |  | 21125 | 0 | 0 |
| GOLDMAN SACHS GROUP | COM | 38141G104 |  | 239088 | 272 | SH |  | SOLE |  | 272 | 0 | 0 |
| HILTON WORLDWIDE HOLDINGS INC | COM | 43300a203 |  | 117931062 | 410552 | SH |  | SOLE |  | 400698 | 0 | 9854 |
| HOME DEPOT INC COM | COM | 437076102 |  | 6676916 | 19404 | SH |  | SOLE |  | 19404 | 0 | 0 |
| HUBBELL INC COM | COM | 443510607 |  | 21866644 | 49237 | SH |  | SOLE |  | 47737 | 0 | 1500 |
| IDEXX LABS INC COM | COM | 45168D104 |  | 595346 | 880 | SH |  | SOLE |  | 450 | 0 | 430 |
| INTEL CORP COM | COM | 458140100 |  | 221695 | 6008 | SH |  | SOLE |  | 6008 | 0 | 0 |
| INTL. BUSINESS MACHINES | COM | 459200101 |  | 503636 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| JACOBS ENGR GROUP INC COM | COM | 46982L108 |  | 295651 | 2232 | SH |  | SOLE |  | 2232 | 0 | 0 |
| JEFFERIES FINANCIAL GROUP | COM | 47233W109 |  | 76365445 | 1232297 | SH |  | SOLE |  | 1199057 | 0 | 33240 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 45465673 | 219694 | SH |  | SOLE |  | 213552 | 0 | 6142 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 127912928 | 396974 | SH |  | SOLE |  | 388148 | 0 | 8826 |
| KIMBERLY CLARK CORP | COM | 494368103 |  | 4398602 | 43598 | SH |  | SOLE |  | 42798 | 0 | 800 |
| KKR  CO INC. | COM | 48251W104 |  | 7039446 | 55220 | SH |  | SOLE |  | 53670 | 0 | 1550 |
| KLA-TENCOR CORP COM | COM | 482480100 |  | 363309 | 299 | SH |  | SOLE |  | 299 | 0 | 0 |
| KRAFT HEINZ CO COM | COM | 500754106 |  | 727500 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| LABCORP HOLDINGS | COM | 504922105 |  | 157311087 | 627037 | SH |  | SOLE |  | 609202 | 0 | 17835 |
| LAMAR ADVERTISING CO | COM | 512816109 |  | 632900 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| LIBERTY MEDIA CORP DEL FRMULA | COM | 531229771 |  | 456642 | 5109 | SH |  | SOLE |  | 5109 | 0 | 0 |
| LIBERTY MEDIA CORP DEL FRMULA | COM | 531229755 |  | 355030 | 3604 | SH |  | SOLE |  | 3604 | 0 | 0 |
| LINDE PLC COM | COM | G54950103 |  | 3535199 | 8291 | SH |  | SOLE |  | 8291 | 0 | 0 |
| LOAR HOLDINGS INC. | COM | 53947R105 |  | 340000 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| LOWES COS INC COM | COM | 548661107 |  | 33534263 | 139054 | SH |  | SOLE |  | 136895 | 0 | 2159 |
| M  T BK CORP | COM | 55261F104 |  | 3274251 | 16251 | SH |  | SOLE |  | 14603 | 0 | 1648 |
| MANITOK ENERGY INC COM | COM | 563499102 |  | 0 | 24829 | SH |  | SOLE |  | 24829 | 0 | 0 |
| MARKEL GROUP INC. | COM | 570535104 |  | 46434590 | 21601 | SH |  | SOLE |  | 19997 | 0 | 1604 |
| MASTERCARD INC CL A | COM | 57636Q104 |  | 54733222 | 95875 | SH |  | SOLE |  | 92945 | 0 | 2930 |
| MATADOR RES CO COM | COM | 576485205 |  | 60787814 | 1432324 | SH |  | SOLE |  | 1384291 | 0 | 48033 |
| MCDONALDS CORP COM | COM | 580135101 |  | 368284 | 1205 | SH |  | SOLE |  | 1205 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 10307675 | 97926 | SH |  | SOLE |  | 88339 | 0 | 9587 |
| META PLATFORMS INC CL A | COM | 30303m102 |  | 1362426 | 2064 | SH |  | SOLE |  | 2064 | 0 | 0 |
| METTLER TOLEDO INT'L | COM | 592688105 |  | 892282 | 640 | SH |  | SOLE |  | 640 | 0 | 0 |
| MICRON TECHNOLOGY | COM | 595112103 |  | 237747 | 833 | SH |  | SOLE |  | 833 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 274491162 | 567576 | SH |  | SOLE |  | 554356 | 0 | 13220 |
| MORGAN STANLEY | COM | 617446448 |  | 1087371 | 6125 | SH |  | SOLE |  | 6125 | 0 | 0 |
| NESTLE SA SPONSORED ADR | COM | 641069406 |  | 1735565 | 17570 | SH |  | SOLE |  | 17570 | 0 | 0 |
| NEXTERA ENERGY INC. | COM | 65339F101 |  | 1190392 | 14828 | SH |  | SOLE |  | 14828 | 0 | 0 |
| NUTRIEN LTD COM | COM | 67077M108 |  | 11519421 | 186640 | SH |  | SOLE |  | 184940 | 0 | 1700 |
| NVIDIA CORP COM | COM | 67066G104 |  | 2271757 | 12181 | SH |  | SOLE |  | 11871 | 0 | 310 |
| ONEX COPR SUB VTG  (ONEXF) | COM | 68272k103 |  | 210228 | 2535 | SH |  | SOLE |  | 2535 | 0 | 0 |
| ORACLE CORP COM | COM | 68389X105 |  | 802444 | 4117 | SH |  | SOLE |  | 3350 | 0 | 767 |
| OTIS WORLDWIDE CORP COM | COM | 68902V107 |  | 400238 | 4582 | SH |  | SOLE |  | 4582 | 0 | 0 |
| PARK AEROSPACE CORP. | COM | 70014A104 |  | 14252687 | 667886 | SH |  | SOLE |  | 663886 | 0 | 4000 |
| PAYCHEX INC | COM | 704326107 |  | 448720 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| PEPSICO INC COM | COM | 713448108 |  | 3048014 | 21238 | SH |  | SOLE |  | 21238 | 0 | 0 |
| PERPETUA RESOURCES COR COM | COM | 714266103 |  | 501147 | 20700 | SH |  | SOLE |  | 20700 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 2206775 | 88626 | SH |  | SOLE |  | 88626 | 0 | 0 |
| PNC FINL SVCS GROUP COM | COM | 693475105 |  | 1108148 | 5309 | SH |  | SOLE |  | 5309 | 0 | 0 |
| PROCTER  GAMBLE | COM | 742718109 |  | 7443235 | 51938 | SH |  | SOLE |  | 51938 | 0 | 0 |
| PROGRESSIVE CORP OHIO | COM | 743315103 |  | 5570942 | 24464 | SH |  | SOLE |  | 19364 | 0 | 5100 |
| PUBLIC SERVICE ENTERPRISE GR | COM | 744573106 |  | 1316920 | 16400 | SH |  | SOLE |  | 16400 | 0 | 0 |
| QUALCOMM INC COM | COM | 747525103 |  | 55763668 | 326008 | SH |  | SOLE |  | 315083 | 0 | 10925 |
| RADNET INC COM | COM | 750491102 |  | 230564029 | 3231451 | SH |  | SOLE |  | 3110371 | 0 | 121080 |
| RENAISSANCE RE HLDGS | COM | g7496g103 |  | 477972 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| ROCHE HOLDINGS LTD - SPON ADR | COM | 771195104 |  | 299983 | 5817 | SH |  | SOLE |  | 0 | 0 | 5817 |
| ROCKET COS INC COM CL A | COM | 77311W101 |  | 5130400 | 265000 | SH |  | SOLE |  | 265000 | 0 | 0 |
| ROPER TECHNOLOGIES INC COM | COM | 776696106 |  | 102867510 | 231095 | SH |  | SOLE |  | 223333 | 0 | 7762 |
| RTX CORP. | COM | 75513E101 |  | 1965131 | 10715 | SH |  | SOLE |  | 10715 | 0 | 0 |
| RUSH ENTERPRISES INC CL A | COM | 781846209 |  | 53071350 | 983896 | SH |  | SOLE |  | 959546 | 0 | 24350 |
| S GLOBAL INC COM | COM | 78409V104 |  | 399781 | 765 | SH |  | SOLE |  | 765 | 0 | 0 |
| SAN JUAN BASIN RTUBI | COM | 798241105 |  | 87560 | 15580 | SH |  | SOLE |  | 15580 | 0 | 0 |
| SCHWAB CHARLES CP NEW COM | COM | 808513105 |  | 206303949 | 2064898 | SH |  | SOLE |  | 2000507 | 0 | 64391 |
| SEMPRA ENERGY | COM | 816851109 |  | 401839 | 4551 | SH |  | SOLE |  | 0 | 0 | 4551 |
| SHELL PLC SPON ADS | COM | 780259305 |  | 951346 | 12947 | SH |  | SOLE |  | 12947 | 0 | 0 |
| SHERWIN WILLIAMS CO COM | COM | 824348106 |  | 9270498 | 28610 | SH |  | SOLE |  | 27580 | 0 | 1030 |
| SLB LIMITED | COM | 806857108 |  | 1105344 | 28800 | SH |  | SOLE |  | 28800 | 0 | 0 |
| SMITH DOUGLAS HOMES CO COM SHS | COM | 83207R107 |  | 13691816 | 816447 | SH |  | SOLE |  | 815547 | 0 | 900 |
| SOMNIGROUP INTERNATIONAL COM | COM | 88023U101 |  | 207452347 | 2323615 | SH |  | SOLE |  | 2261677 | 0 | 61938 |
| SOUTHERN CO COM | COM | 842587107 |  | 296480 | 3400 | SH |  | SOLE |  | 2900 | 0 | 500 |
| SYSCO CORP COM | COM | 871829107 |  | 13316594 | 180711 | SH |  | SOLE |  | 177111 | 0 | 3600 |
| TAIWAN SEMICONDUCTOR-SP ADR | COM | 874039100 |  | 1649211 | 5427 | SH |  | SOLE |  | 5427 | 0 | 0 |
| TESLA INC COM | COM | 88160R101 |  | 449720 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| TEVA PHARMAC.IND.ADR | COM | 881624209 |  | 32973365 | 1056500 | SH |  | SOLE |  | 1025700 | 0 | 30800 |
| TEXAS INSTRS INC COM | COM | 882508104 |  | 212525 | 1225 | SH |  | SOLE |  | 1225 | 0 | 0 |
| THE BALDWIN INSURANCE COM CL A | COM | 05589G102 |  | 6963293 | 289775 | SH |  | SOLE |  | 277500 | 0 | 12275 |
| THERMO FISHER SCIENTIF COM | COM | 883556102 |  | 1127030 | 1945 | SH |  | SOLE |  | 1945 | 0 | 0 |
| TJX COS INC NEW COM | COM | 872540109 |  | 2092322 | 13621 | SH |  | SOLE |  | 13621 | 0 | 0 |
| TOAST INC CL A | COM | 888787108 |  | 742869 | 20920 | SH |  | SOLE |  | 20920 | 0 | 0 |
| TOWNSQUARE MEDIA INC CL A | COM | 892231101 |  | 5518304 | 1073600 | SH |  | SOLE |  | 1001575 | 0 | 72025 |
| TRACTOR SUPPLY CO COM | COM | 892356106 |  | 599470 | 11987 | SH |  | SOLE |  | 11987 | 0 | 0 |
| TRANE TECHNOLOGIES PLC SHS | COM | G8994E103 |  | 464316 | 1193 | SH |  | SOLE |  | 1193 | 0 | 0 |
| TRANSOCEAN LTD | COM | h8817h100 |  | 44191 | 10700 | SH |  | SOLE |  | 10700 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 29471556 | 127406 | SH |  | SOLE |  | 125329 | 0 | 2077 |
| US BANCORP DEL COM | COM | 902973304 |  | 355004 | 6653 | SH |  | SOLE |  | 6653 | 0 | 0 |
| VERIZON COMM. | COM | 92343V104 |  | 8965529 | 220121 | SH |  | SOLE |  | 213867 | 0 | 6254 |
| VERRICA PHARMACEUTICALS INC | COM | 92511W207 |  | 99720 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| VIATRIS INC COM | COM | 92556V106 |  | 132804 | 10667 | SH |  | SOLE |  | 10667 | 0 | 0 |
| VISA INC COM CL A | COM | 92826C839 |  | 5546829 | 15816 | SH |  | SOLE |  | 15816 | 0 | 0 |
| VITESSE ENERGY INC | COM | 92852X103 |  | 3855332 | 200173 | SH |  | SOLE |  | 194877 | 0 | 5296 |
| WABTEC CORPORATION | COM | 929740108 |  | 49301187 | 230973 | SH |  | SOLE |  | 224623 | 0 | 6350 |
| WAL MART INC. | COM | 931142103 |  | 32676219 | 293297 | SH |  | SOLE |  | 288097 | 0 | 5200 |
| WARNER BROS DISCOVERY INC COM | COM | 934423104 |  | 53914150 | 1870720 | SH |  | SOLE |  | 1842420 | 0 | 28300 |
| WASTE MGMT INC DEL COM | COM | 94106L109 |  | 449966 | 2048 | SH |  | SOLE |  | 2048 | 0 | 0 |
| WATERS CORPORATION | COM | 941848103 |  | 148382489 | 390655 | SH |  | SOLE |  | 378389 | 0 | 12266 |
| WEBSTER FINANCIAL CP | COM | 947890109 |  | 257488 | 4091 | SH |  | SOLE |  | 4091 | 0 | 0 |
| WELLS FARGO  CO NEW | COM | 949746101 |  | 343162 | 3682 | SH |  | SOLE |  | 3682 | 0 | 0 |
| WESDOME GOLD MINES LTD COM | COM | 95083R100 |  | 180613 | 10900 | SH |  | SOLE |  | 10900 | 0 | 0 |
| WILLIAMS COS INC DEL | COM | 969457100 |  | 25648035 | 426685 | SH |  | SOLE |  | 422685 | 0 | 4000 |
| YUM!  BRANDS INC. | COM | 988498101 |  | 266253 | 1760 | SH |  | SOLE |  | 1760 | 0 | 0 |
| ZOETIS INC CL A | COM | 98978v103 |  | 277433 | 2205 | SH |  | SOLE |  | 2205 | 0 | 0 |
| ZURN ELKAY WATER SOLUTIONS COR | COM | 98983L108 |  | 166706138 | 3585849 | SH |  | SOLE |  | 3512422 | 0 | 73427 |
| JPMORGAN CHASE AND CO 6 DEP NC | PFD | 48128B648 |  | 359804 | 14312 | SH |  | SOLE |  | 14312 | 0 | 0 |
| MERCHANTS BANCORP IND 6  FXD P | PFD | 58844R702 |  | 1825225 | 99359 | SH |  | SOLE |  | 99359 | 0 | 0 |
| ISHARES S 500 INDEX FUND | EMF | 464287200 |  | 3018531 | 4407 | SH |  | SOLE |  | 4407 | 0 | 0 |
| SCHWAB STRATEGIC TR US LCAP VA | EMF | 808524409 |  | 270451 | 9134 | SH |  | SOLE |  | 9134 | 0 | 0 |
| SCHWAB STRATEGIC TR US MID-CAP | EMF | 808524508 |  | 275652 | 9167 | SH |  | SOLE |  | 9167 | 0 | 0 |
| SPDR GOLD TRUST | EMF | 78463V107 |  | 4484248 | 11315 | SH |  | SOLE |  | 11315 | 0 | 0 |
| SPDR TR UNIT SER 1 STANDARD | EMF | 78462F103 |  | 1026290 | 1505 | SH |  | SOLE |  | 1505 | 0 | 0 |
| STATE STREET SPDR S DIVID ET | EMF | 78464a763 |  | 345534 | 2483 | SH |  | SOLE |  | 2483 | 0 | 0 |
| VANGUARD INDEX FDS S 500 ETF | EMF | 922908363 |  | 1579740 | 2519 | SH |  | SOLE |  | 2519 | 0 | 0 |
| VANGUARD SMALL-CAP VIPERS | EMF | 922908751 |  | 239894 | 930 | SH |  | SOLE |  | 930 | 0 | 0 |
| VANECK VECTORS ETF TR JR GOLD | IFUS | 92189f791 |  | 694058 | 6100 | SH |  | SOLE |  | 6100 | 0 | 0 |
| SOUND SHORE FD INC INV CL | MF | 836083105 |  | 363231 | 9088 | SH |  | SOLE |  | 9088 | 0 | 0 |
| VANGUARD INDEX FDS 500INDEX AD | MF | 922908710 |  | 497228 | 787 | SH |  | SOLE |  | 787 | 0 | 0 |
| CAPITAL WORLD GROWTH  COM | MIUS | 140543109 |  | 1861811 | 26036 | SH |  | SOLE |  | 26036 | 0 | 0 |
| GROWTH FD AMER CL A | MIUS | 399874106 |  | 657356 | 8170 | SH |  | SOLE |  | 8170 | 0 | 0 |
| ISHARES TR IBOXX HI YD ETF | FIUS | 464288513 |  | 225683 | 2799 | SH |  | SOLE |  | 2799 | 0 | 0 |
| CONSTELLATION SOFTWARE INC (B1 | COM | 21037x100 |  | 211667 | 88 | SH |  | SOLE |  | 88 | 0 | 0 |

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