# EDGAR Filing Document

**Accession Number:** 0001142031
**File Stem:** 0001142031-26-000005
**Filing Date:** 2026-2
**Character Count:** 35293
**Document Hash:** 82988a3145c7e452d1fb54a741a4a6f1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001142031-26-000005.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001142031-26-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260211

**EFFECTIVENESS DATE**: 20260212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRIVATE MANAGEMENT GROUP INC
- **CENTRAL INDEX KEY:** 0001142031

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05223
- **FILM NUMBER:** 26622341

**BUSINESS ADDRESS:**
- **STREET 1:** 15635 ALTON PARKWAY
- **STREET 2:** SUITE 400
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** 9497527500

**MAIL ADDRESS:**
- **STREET 1:** 15635 ALTON PARKWAY
- **STREET 2:** SUITE 400
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618

### 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:** PRIVATE MANAGEMENT GROUP INC<br>**Address:** 15635 ALTON PARKWAY<br>SUITE 400<br>IRVINE, CA 92618

**Form 13F File Number:** 028-05223

**CRD Number (if applicable):** 000104707

**SEC File Number (if applicable):** 801-28023

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:** Robert Summers CFA<br>**Title:** Co-CEO Private Management Group Inc.<br>**Phone:** 949-752-7500

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

Robert Summers CFA  Irvine, CA  02-11-2026<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:** 310

**Form 13F Information Table Value Total:** $3434806449

      (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 |
| 3M CO | COM | 88579Y101 |  | 571237 | 3568 | SH |  | SOLE | 0 | 3568 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 2655020 | 21191 | SH |  | SOLE | 0 | 20591 | 0 | 600 |
| ABBVIE INC | COM | 00287Y109 |  | 7528517 | 32949 | SH |  | SOLE | 0 | 32069 | 0 | 880 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 312570 | 1165 | SH |  | SOLE | 0 | 1165 | 0 | 0 |
| ADIAL PHARMACEUTICALS INC | COM | 00688A205 |  | 2200 | 10000 | SH |  | SOLE | 0 | 10000 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 255493 | 730 | SH |  | SOLE | 0 | 730 | 0 | 0 |
| ADVANCE AUTO PARTS INC | COM | 00751Y106 |  | 20122543 | 512024 | SH |  | SOLE | 0 | 503863 | 0 | 8161 |
| AERSALE CORPORATION | COM | 00810F106 |  | 8235470 | 1158294 | SH |  | SOLE | 0 | 1124654 | 0 | 33640 |
| AFLAC INC | COM | 001055102 |  | 4623842 | 41932 | SH |  | SOLE | 0 | 41932 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 41273263 | 2403801 | SH |  | SOLE | 0 | 2334690 | 0 | 69111 |
| ALEXANDER  BALDWIN INC | COM | 014491104 |  | 770821 | 37346 | SH |  | SOLE | 0 | 36047 | 0 | 1299 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 39557753 | 6432155 | SH |  | SOLE | 0 | 6254062 | 0 | 178093 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 28521390 | 194579 | SH |  | SOLE | 0 | 188601 | 0 | 5978 |
| ALLY FINL INC | COM | 02005N100 |  | 19198476 | 423901 | SH |  | SOLE | 0 | 401776 | 0 | 22125 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 18093213 | 57806 | SH |  | SOLE | 0 | 54287 | 0 | 3519 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2361666 | 7526 | SH |  | SOLE | 0 | 7526 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 3164350 | 54879 | SH |  | SOLE | 0 | 54879 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 3064623 | 13277 | SH |  | SOLE | 0 | 13277 | 0 | 0 |
| AMBEV SA | SPONSORED ADR | 02319V103 |  | 37328717 | 15112841 | SH |  | SOLE | 0 | 14703505 | 0 | 409336 |
| AMERICOLD REALTY TRUST INC | COM | 03064D108 |  | 60592758 | 4711723 | SH |  | SOLE | 0 | 4603342 | 0 | 108381 |
| AMGEN INC | COM | 031162100 |  | 475909 | 1454 | SH |  | SOLE | 0 | 1454 | 0 | 0 |
| ANDERSONS INC | COM | 034164103 |  | 5172697 | 97286 | SH |  | SOLE | 0 | 93029 | 0 | 4257 |
| APPLE INC | COM | 037833100 |  | 13528747 | 49764 | SH |  | SOLE | 0 | 49764 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 278577 | 1084 | SH |  | SOLE | 0 | 1084 | 0 | 0 |
| ARCOS DORADOS HOLDINGS INC | SHS CLASS -A - | G0457F107 |  | 24794924 | 3378055 | SH |  | SOLE | 0 | 3277936 | 0 | 100119 |
| ARDAGH METAL PACKAGING S A | SHS | L02235106 |  | 20838328 | 5082519 | SH |  | SOLE | 0 | 4939709 | 0 | 142810 |
| ARDMORE SHIPPING CORP | COM | Y0207T100 |  | 13060520 | 1233288 | SH |  | SOLE | 0 | 1194140 | 0 | 39148 |
| AT INC | COM | 00206R102 |  | 2718702 | 109449 | SH |  | SOLE | 0 | 109449 | 0 | 0 |
| AUTONATION INC | COM | 05329W102 |  | 16492177 | 79873 | SH |  | SOLE | 0 | 75146 | 0 | 4727 |
| AUTOZONE INC | COM | 053332102 |  | 8105685 | 2390 | SH |  | SOLE | 0 | 2317 | 0 | 73 |
| AVANTOR INC | COM | 05352A100 |  | 28155604 | 2456859 | SH |  | SOLE | 0 | 2403867 | 0 | 52992 |
| BANK AMERICA CORP | COM | 060505104 |  | 4443501 | 80791 | SH |  | SOLE | 0 | 80791 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 40694653 | 350544 | SH |  | SOLE | 0 | 336640 | 0 | 13904 |
| BARINGS BDC INC | COM | 06759L103 |  | 34568474 | 3765629 | SH |  | SOLE | 0 | 3687497 | 0 | 78132 |
| BAUSCH HEALTH COS INC | COM | 071734107 |  | 13155620 | 1892895 | SH |  | SOLE | 0 | 1847120 | 0 | 45775 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 24908400 | 33 | SH |  | SOLE | 0 | 33 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 76101210 | 151400 | SH |  | SOLE | 0 | 147826 | 0 | 3574 |
| BGC GROUP INC | CL A | 088929104 |  | 29475903 | 3300773 | SH |  | SOLE | 0 | 3216703 | 0 | 84070 |
| BLACKROCK INC | COM | 09290D101 |  | 248319 | 232 | SH |  | SOLE | 0 | 232 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 3143069 | 20391 | SH |  | SOLE | 0 | 20391 | 0 | 0 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 27011869 | 2173119 | SH |  | SOLE | 0 | 2136275 | 0 | 36844 |
| BOEING CO | COM | 097023105 |  | 865680 | 3987 | SH |  | SOLE | 0 | 3987 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 450600 | 10000 | SH |  | SOLE | 0 | 10000 | 0 | 0 |
| BOSTON OMAHA CORP | CL A COM STK | 101044105 |  | 8814961 | 712608 | SH |  | SOLE | 0 | 696202 | 0 | 16406 |
| BRIDGFORD FOODS CORP | COM | 108763103 |  | 616512 | 79040 | SH |  | SOLE | 0 | 77957 | 0 | 1083 |
| BRIGHTSPIRE CAPITAL INC | COM CL A | 10949T109 |  | 27170668 | 4851905 | SH |  | SOLE | 0 | 4747050 | 0 | 104855 |
| BRIGHTVIEW HLDGS INC | COM | 10948C107 |  | 7468167 | 589437 | SH |  | SOLE | 0 | 582330 | 0 | 7107 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1108587 | 20552 | SH |  | SOLE | 0 | 20552 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 833409 | 2408 | SH |  | SOLE | 0 | 2408 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 3400583 | 64909 | SH |  | SOLE | 0 | 60357 | 0 | 4552 |
| BROOKFIELD BUSINESS CORP | CL A EXC SUB VTG | 11259V106 |  | 36842660 | 1026830 | SH |  | SOLE | 0 | 989963 | 0 | 36867 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 34325536 | 747996 | SH |  | SOLE | 0 | 718275 | 0 | 29721 |
| CABLE ONE INC | COM | 12685J105 |  | 36181967 | 320620 | SH |  | SOLE | 0 | 313415 | 0 | 7205 |
| CALIFORNIA RES CORP | COM STOCK | 13057Q305 |  | 38851962 | 868977 | SH |  | SOLE | 0 | 841057 | 0 | 27920 |
| CANNAE HLDGS INC | COM | 13765N107 |  | 28655105 | 1821685 | SH |  | SOLE | 0 | 1777512 | 0 | 44173 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 39245553 | 663941 | SH |  | SOLE | 0 | 638888 | 0 | 25053 |
| CARPARTS COM INC | COM | 14427M107 |  | 22609 | 45217 | SH |  | SOLE | 0 | 45217 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 391749 | 684 | SH |  | SOLE | 0 | 684 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 532098 | 1800 | SH |  | SOLE | 0 | 1800 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 6768848 | 20041 | SH |  | SOLE | 0 | 20041 | 0 | 0 |
| CENTENE CORP | COM | 15135B101 |  | 23085068 | 560998 | SH |  | SOLE | 0 | 538401 | 0 | 22597 |
| CHEMOURS CO | COM | 163851108 |  | 10851233 | 920376 | SH |  | SOLE | 0 | 891772 | 0 | 28604 |
| CHEVRON CORP | COM | 166764100 |  | 4746080 | 31140 | SH |  | SOLE | 0 | 31140 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 2705072 | 35117 | SH |  | SOLE | 0 | 35117 | 0 | 0 |
| CITIGROUP INC | COM | 172967424 |  | 3518787 | 30155 | SH |  | SOLE | 0 | 30155 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 2369402 | 40565 | SH |  | SOLE | 0 | 40565 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 3264260 | 46692 | SH |  | SOLE | 0 | 46692 | 0 | 0 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 3861825 | 42578 | SH |  | SOLE | 0 | 39382 | 0 | 3196 |
| COGNITION THERAPEUTICS INC | COM | 19243B102 |  | 32400 | 24000 | SH |  | SOLE | 0 | 24000 | 0 | 0 |
| COMCAST CORP | CL A | 20030N101 |  | 43310072 | 1448982 | SH |  | SOLE | 0 | 1414812 | 0 | 34170 |
| COMMUNITY WEST BANCSHARES NE | COM | 203937107 |  | 12096855 | 537638 | SH |  | SOLE | 0 | 520928 | 0 | 16710 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1943073 | 20757 | SH |  | SOLE | 0 | 20357 | 0 | 400 |
| COSTCO WHSL CORP | COM | 22160K105 |  | 1666041 | 1932 | SH |  | SOLE | 0 | 1932 | 0 | 0 |
| COYA THERAPEUTICS INC | COMMON STOCK | 22407B108 |  | 1625549 | 280267 | SH |  | SOLE | 0 | 276797 | 0 | 3470 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 681577 | 1454 | SH |  | SOLE | 0 | 1454 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 25363879 | 246323 | SH |  | SOLE | 0 | 237657 | 0 | 8666 |
| CVB FINL CORP | COM | 126600105 |  | 199522 | 10727 | SH |  | SOLE | 0 | 10727 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 2384054 | 30041 | SH |  | SOLE | 0 | 30041 | 0 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 |  | 36559764 | 1015549 | SH |  | SOLE | 0 | 985664 | 0 | 29885 |
| DEERE  CO | COM | 244199105 |  | 588946 | 1265 | SH |  | SOLE | 0 | 1265 | 0 | 0 |
| DIAGEO PLC | SPON ADR | 25243Q205 |  | 27854858 | 322880 | SH |  | SOLE | 0 | 316723 | 0 | 6157 |
| DIGITALBRIDGE GROUP INC | CL A NEW | 25401T603 |  | 37869428 | 2468672 | SH |  | SOLE | 0 | 2393887 | 0 | 74785 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 289121 | 5794 | SH |  | SOLE | 0 | 5794 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 |  | 908063 | 12243 | SH |  | SOLE | 0 | 12243 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 248092 | 5325 | SH |  | SOLE | 0 | 5325 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 240152 | 3447 | SH |  | SOLE | 0 | 3447 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 765442 | 6728 | SH |  | SOLE | 0 | 6728 | 0 | 0 |
| DOUBLEVERIFY HLDGS INC | COM | 25862V105 |  | 11420472 | 998293 | SH |  | SOLE | 0 | 986610 | 0 | 11683 |
| DOW INC | COM | 260557103 |  | 701400 | 30000 | SH |  | SOLE | 0 | 30000 | 0 | 0 |
| ELANCO ANIMAL HEALTH INC | COM | 28414H103 |  | 28990705 | 1281074 | SH |  | SOLE | 0 | 1226908 | 0 | 54166 |
| ELI LILLY  CO | COM | 532457108 |  | 630837 | 587 | SH |  | SOLE | 0 | 116 | 0 | 471 |
| EMERSON ELEC CO | COM | 291011104 |  | 204389 | 1540 | SH |  | SOLE | 0 | 1540 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 6623255 | 401653 | SH |  | SOLE | 0 | 401653 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 4876271 | 152098 | SH |  | SOLE | 0 | 152098 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 939365 | 17525 | SH |  | SOLE | 0 | 17525 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1816000 | 15091 | SH |  | SOLE | 0 | 15091 | 0 | 0 |
| FEDERAL RLTY INVT TR | SH BEN INT NEW | 313745101 |  | 28046290 | 278237 | SH |  | SOLE | 0 | 273975 | 0 | 4262 |
| FEDEX CORP | COM | 31428X106 |  | 7283894 | 25216 | SH |  | SOLE | 0 | 23950 | 0 | 1266 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 |  | 3275400 | 60000 | SH |  | SOLE | 0 | 60000 | 0 | 0 |
| FIRST FNDTN INC | COM | 32026V104 |  | 676645 | 109845 | SH |  | SOLE | 0 | 109845 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 |  | 12301426 | 514704 | SH |  | SOLE | 0 | 486914 | 0 | 27790 |
| FIVE POINT HOLDINGS LLC | COM CL A | 33833Q106 |  | 29653323 | 5304709 | SH |  | SOLE | 0 | 5160851 | 0 | 143858 |
| FLAGSTAR BANK NATIONAL ASSOC | COM NEW | 649445400 |  | 39168359 | 3111069 | SH |  | SOLE | 0 | 3030656 | 0 | 80413 |
| FORWARD AIR CORP | COM | 34986A104 |  | 23220175 | 928807 | SH |  | SOLE | 0 | 899761 | 0 | 29046 |
| FRANKLIN STR PPTYS CORP | COM | 35471R106 |  | 9571333 | 10119828 | SH |  | SOLE | 0 | 9864640 | 0 | 255188 |
| FULL HSE RESORTS INC | COM | 359678109 |  | 4472561 | 1713625 | SH |  | SOLE | 0 | 1656694 | 0 | 56931 |
| GABELLI GLOBAL SMALL  MID C | COM | 36249W104 |  | 3903810 | 260254 | SH |  | SOLE | 0 | 259108 | 0 | 1146 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 4500099 | 17389 | SH |  | SOLE | 0 | 17389 | 0 | 0 |
| GE AEROSPACE | COM | 369604301 |  | 970331 | 3150 | SH |  | SOLE | 0 | 3150 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 511092 | 782 | SH |  | SOLE | 0 | 782 | 0 | 0 |
| GENELUX CORPORATION | COM | 36870H103 |  | 49412 | 11333 | SH |  | SOLE | 0 | 11333 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 6862477 | 20384 | SH |  | SOLE | 0 | 20384 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 2807856 | 60384 | SH |  | SOLE | 0 | 60384 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 32405909 | 418681 | SH |  | SOLE | 0 | 407959 | 0 | 10722 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 409614 | 466 | SH |  | SOLE | 0 | 466 | 0 | 0 |
| GREAT LAKES DREDGE  DOCK CO | COM | 390607109 |  | 3706308 | 282493 | SH |  | SOLE | 0 | 261593 | 0 | 20900 |
| GREENLIGHT CAPITAL RE LTD | CLASS A | G4095J109 |  | 21902586 | 1502235 | SH |  | SOLE | 0 | 1470550 | 0 | 31685 |
| GREIF INC | CL A | 397624107 |  | 13447522 | 198634 | SH |  | SOLE | 0 | 191315 | 0 | 7319 |
| HAMILTON INSURANCE GROUP LTD | CL B | G42706104 |  | 24411691 | 874971 | SH |  | SOLE | 0 | 851697 | 0 | 23274 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 331566 | 1817 | SH |  | SOLE | 0 | 1817 | 0 | 0 |
| HENRY SCHEIN INC | COM | 806407102 |  | 25697200 | 340000 | SH |  | SOLE | 0 | 330256 | 0 | 9744 |
| HOME DEPOT INC | COM | 437076102 |  | 7888681 | 22926 | SH |  | SOLE | 0 | 22926 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 421004 | 2158 | SH |  | SOLE | 0 | 2158 | 0 | 0 |
| INSPIRED ENTMT INC | COM | 45782N108 |  | 12079192 | 1290512 | SH |  | SOLE | 0 | 1249180 | 0 | 41332 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 521475 | 1760 | SH |  | SOLE | 0 | 1760 | 0 | 0 |
| INTERNATIONAL SEAWAYS INC | COM | Y41053102 |  | 18467400 | 380379 | SH |  | SOLE | 0 | 364733 | 0 | 15646 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO 30 CORP | 46138J460 |  | 499140 | 29500 | SH |  | SOLE | 0 | 29355 | 0 | 145 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 203437 | 1062 | SH |  | SOLE | 0 | 1062 | 0 | 0 |
| INVESCO QQQ | TR UNIT SER 1 | 46090E103 |  | 677792 | 1103 | SH |  | SOLE | 0 | 1103 | 0 | 0 |
| INVESCO SR INCOME TR | COM | 46131H107 |  | 93404 | 28564 | SH |  | SOLE | 0 | 28564 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 397001 | 7996 | SH |  | SOLE | 0 | 7996 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 424629 | 6317 | SH |  | SOLE | 0 | 6317 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 2189187 | 21809 | SH |  | SOLE | 0 | 19462 | 0 | 2347 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 2640716 | 31885 | SH |  | SOLE | 0 | 31715 | 0 | 170 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 426879 | 3552 | SH |  | SOLE | 0 | 3552 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 1486900 | 10000 | SH |  | SOLE | 0 | 10000 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 628090 | 917 | SH |  | SOLE | 0 | 917 | 0 | 0 |
| ISHARES TR | IBOND DEC 2030 | 46436E593 |  | 199085 | 10032 | SH |  | SOLE | 0 | 10032 | 0 | 0 |
| ISHARES TR | IBONDS 26 TRM TS | 46436E858 |  | 201872 | 8825 | SH |  | SOLE | 0 | 8825 | 0 | 0 |
| ISHARES TR | IBONDS 27 TRM TS | 46436E841 |  | 201803 | 8981 | SH |  | SOLE | 0 | 8981 | 0 | 0 |
| ISHARES TR | IBONDS 28 TRM TS | 46436E833 |  | 201576 | 9013 | SH |  | SOLE | 0 | 9013 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 254960 | 2655 | SH |  | SOLE | 0 | 2655 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 432596 | 914 | SH |  | SOLE | 0 | 914 | 0 | 0 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 1044052 | 7402 | SH |  | SOLE | 0 | 7402 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 1810357 | 18805 | SH |  | SOLE | 0 | 18805 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 866237 | 3519 | SH |  | SOLE | 0 | 3519 | 0 | 0 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 694145 | 7165 | SH |  | SOLE | 0 | 7165 | 0 | 0 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 203438 | 1546 | SH |  | SOLE | 0 | 1546 | 0 | 0 |
| JBG SMITH PPTYS | COM | 46590V100 |  | 26933719 | 1583405 | SH |  | SOLE | 0 | 1553795 | 0 | 29610 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 40770063 | 657900 | SH |  | SOLE | 0 | 634042 | 0 | 23858 |
| JOBY AVIATION INC | COMMON STOCK | G65163100 |  | 156935 | 11889 | SH |  | SOLE | 0 | 11889 | 0 | 0 |
| JOHN HANCOCK EXCHANGE TRADED | MULTIFACTOR MI | 47804J206 |  | 222894 | 3404 | SH |  | SOLE | 0 | 3404 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 24378381 | 117798 | SH |  | SOLE | 0 | 114377 | 0 | 3421 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 40071601 | 124361 | SH |  | SOLE | 0 | 120766 | 0 | 3595 |
| KELLY SVCS INC | CL A | 488152208 |  | 11164111 | 1268649 | SH |  | SOLE | 0 | 1246894 | 0 | 21755 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 42608924 | 1521204 | SH |  | SOLE | 0 | 1484563 | 0 | 36641 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 434954 | 21458 | SH |  | SOLE | 0 | 21458 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 244948 | 10101 | SH |  | SOLE | 0 | 10101 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 2154373 | 34481 | SH |  | SOLE | 0 | 34303 | 0 | 178 |
| LAMAR ADVERTISING CO | CL A | 512816109 |  | 22065299 | 174319 | SH |  | SOLE | 0 | 168368 | 0 | 5951 |
| LESLIES INC | COM | 527064208 |  | 244545 | 148209 | SH |  | SOLE | 0 | 146831 | 0 | 1378 |
| LIBERTY GLOBAL LTD | COM CL A | G61188101 |  | 11097590 | 996193 | SH |  | SOLE | 0 | 961523 | 0 | 34670 |
| LIBERTY GLOBAL LTD | COM CL C | G61188127 |  | 5672396 | 513804 | SH |  | SOLE | 0 | 502782 | 0 | 11022 |
| LIGHTWAVE LOGIC INC | COM | 532275104 |  | 359902 | 111081 | SH |  | SOLE | 0 | 111081 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 39685367 | 1314085 | SH |  | SOLE | 0 | 1277976 | 0 | 36109 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1696257 | 3507 | SH |  | SOLE | 0 | 3507 | 0 | 0 |
| LOEWS CORP | COM | 540424108 |  | 352999 | 3352 | SH |  | SOLE | 0 | 3352 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 281916 | 1169 | SH |  | SOLE | 0 | 1169 | 0 | 0 |
| LUCKY STRIKE ENTERTAINMENT C | CL A COM | 10258P102 |  | 16187305 | 1911134 | SH |  | SOLE | 0 | 1864464 | 0 | 46670 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 226133 | 6233 | SH |  | SOLE | 0 | 6233 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 7318350 | 45000 | SH |  | SOLE | 0 | 45000 | 0 | 0 |
| MARINEMAX INC | COM | 567908108 |  | 4484658 | 185087 | SH |  | SOLE | 0 | 182699 | 0 | 2388 |
| MCDONALDS CORP | COM | 580135101 |  | 4838493 | 15831 | SH |  | SOLE | 0 | 14911 | 0 | 920 |
| MERCK  CO INC | COM | 58933Y105 |  | 2412138 | 22916 | SH |  | SOLE | 0 | 20516 | 0 | 2400 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1339502 | 2029 | SH |  | SOLE | 0 | 2029 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 23862062 | 302281 | SH |  | SOLE | 0 | 291544 | 0 | 10737 |
| MGP INGREDIENTS INC | COM | 55303J106 |  | 1625767 | 66904 | SH |  | SOLE | 0 | 65919 | 0 | 985 |
| MGP INGREDIENTS INC | NOTE 1.875%11/1 | 55303JAB2 |  | 1928403 | 1993000 | SH |  | SOLE | 0 | 1973000 | 0 | 20000 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 500055 | 1752 | SH |  | SOLE | 0 | 1752 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 8286645 | 17135 | SH |  | SOLE | 0 | 17135 | 0 | 0 |
| MODIV INDUSTRIAL INC | COM STK CL C | 60784B101 |  | 229002 | 15914 | SH |  | SOLE | 0 | 15914 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 17340313 | 371472 | SH |  | SOLE | 0 | 357864 | 0 | 13608 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 1223233 | 22724 | SH |  | SOLE | 0 | 22724 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 2668500 | 50000 | SH |  | SOLE | 0 | 50000 | 0 | 0 |
| NCR VOYIX CORPORATION | COM | 62886E108 |  | 29251784 | 2867822 | SH |  | SOLE | 0 | 2782730 | 0 | 85092 |
| NEOGENOMICS INC | NOTE 0.250% 1/1 | 64049MAB6 |  | 58522 | 66000 | SH |  | SOLE | 0 | 66000 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 340349 | 3630 | SH |  | SOLE | 0 | 3530 | 0 | 100 |
| NEUBERGER ENGY INFRSTR  INC | COM | 64129H104 |  | 6379905 | 750577 | SH |  | SOLE | 0 | 708674 | 0 | 41903 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 |  | 406100 | 2000 | SH |  | SOLE | 0 | 2000 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 389358 | 4850 | SH |  | SOLE | 0 | 4850 | 0 | 0 |
| NICE LTD | SPONSORED ADR | 653656108 |  | 30869189 | 273082 | SH |  | SOLE | 0 | 267931 | 0 | 5151 |
| NIKE INC | CL B | 654106103 |  | 441574 | 6931 | SH |  | SOLE | 0 | 6931 | 0 | 0 |
| NIOCORP DEVS LTD | COM | 654484609 |  | 11370429 | 2145364 | SH |  | SOLE | 0 | 2145364 | 0 | 0 |
| NOBLE CORP PLC | ORD SHS A | G65431127 |  | 18255692 | 646448 | SH |  | SOLE | 0 | 627447 | 0 | 19001 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 329430 | 1141 | SH |  | SOLE | 0 | 1141 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 7331386 | 39310 | SH |  | SOLE | 0 | 39310 | 0 | 0 |
| OAKTREE SPECIALTY LENDING CO | COM | 67401P405 |  | 41524374 | 3259370 | SH |  | SOLE | 0 | 3194108 | 0 | 65262 |
| O-I GLASS INC | COM | 67098H104 |  | 40976579 | 2776191 | SH |  | SOLE | 0 | 2694812 | 0 | 81379 |
| OLD NATL BANCORP IND | COM | 680033107 |  | 11977012 | 536845 | SH |  | SOLE | 0 | 505470 | 0 | 31375 |
| OMNIAB INC | COM | 68218J103 |  | 4477884 | 2420478 | SH |  | SOLE | 0 | 2317723 | 0 | 102755 |
| ONEOK INC | COM | 682680103 |  | 2453577 | 33382 | SH |  | SOLE | 0 | 33382 | 0 | 0 |
| ONEWATER MARINE INC | CL A COM | 68280L101 |  | 5474455 | 505957 | SH |  | SOLE | 0 | 499677 | 0 | 6280 |
| ORACLE CORP | COM | 68389X105 |  | 1616603 | 8294 | SH |  | SOLE | 0 | 8294 | 0 | 0 |
| ORASURE TECHNOLOGIES INC | COM | 68554V108 |  | 13058850 | 5396219 | SH |  | SOLE | 0 | 5263362 | 0 | 132857 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 31168513 | 4347073 | SH |  | SOLE | 0 | 4242352 | 0 | 104721 |
| ORION PROPERTIES INC | COM | 68629Y103 |  | 12115351 | 5360775 | SH |  | SOLE | 0 | 5244947 | 0 | 115828 |
| PARK HOTELS  RESORTS INC | COM | 700517105 |  | 33292642 | 3182853 | SH |  | SOLE | 0 | 3093612 | 0 | 89241 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 602088 | 685 | SH |  | SOLE | 0 | 685 | 0 | 0 |
| PARK-OHIO HLDGS CORP | COM | 700666100 |  | 21626706 | 1032794 | SH |  | SOLE | 0 | 1000465 | 0 | 32329 |
| PAYSAFE LIMITED | SHS | G6964L206 |  | 19291365 | 2384594 | SH |  | SOLE | 0 | 2318714 | 0 | 65880 |
| PBF ENERGY INC | CL A | 69318G106 |  | 31343533 | 1155735 | SH |  | SOLE | 0 | 1121811 | 0 | 33924 |
| PEAKSTONE REALTY TRUST | COMMON SHARES | 39818P799 |  | 2119495 | 147700 | SH |  | SOLE | 0 | 144817 | 0 | 2883 |
| PENSKE AUTOMOTIVE GRP INC | COM | 70959W103 |  | 27485476 | 173640 | SH |  | SOLE | 0 | 167480 | 0 | 6160 |
| PEOPLES BANCORP INC | COM | 709789101 |  | 18147009 | 604296 | SH |  | SOLE | 0 | 584221 | 0 | 20075 |
| PEPSICO INC | COM | 713448108 |  | 294790 | 2054 | SH |  | SOLE | 0 | 2054 | 0 | 0 |
| PERDOCEO ED CORP | COM | 71363P106 |  | 10399127 | 354556 | SH |  | SOLE | 0 | 338402 | 0 | 16154 |
| PFIZER INC | COM | 717081103 |  | 2019365 | 81099 | SH |  | SOLE | 0 | 81099 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 8601450 | 53625 | SH |  | SOLE | 0 | 53625 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 2039993 | 15809 | SH |  | SOLE | 0 | 15709 | 0 | 100 |
| PIEDMONT REALTY TRUST INC | COM CL A | 720190206 |  | 31499946 | 3776972 | SH |  | SOLE | 0 | 3686896 | 0 | 90076 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 |  | 27245947 | 285567 | SH |  | SOLE | 0 | 276608 | 0 | 8959 |
| POWERFLEET INC | COM | 73931J109 |  | 28008800 | 5264812 | SH |  | SOLE | 0 | 5116080 | 0 | 148732 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 532880 | 3718 | SH |  | SOLE | 0 | 3718 | 0 | 0 |
| PROSPECT CAP CORP | COM | 74348T102 |  | 8352359 | 3224849 | SH |  | SOLE | 0 | 3192204 | 0 | 32645 |
| PROSPERITY BANCSHARES INC | COM | 743606105 |  | 32247763 | 466615 | SH |  | SOLE | 0 | 451149 | 0 | 15466 |
| QUALCOMM INC | COM | 747525103 |  | 4954206 | 28963 | SH |  | SOLE | 0 | 28963 | 0 | 0 |
| QUIDELORTHO CORP | COM | 219798105 |  | 21292965 | 745552 | SH |  | SOLE | 0 | 729693 | 0 | 15859 |
| RBB FUND TRUST | TWEEDY BROWNE | 75526L860 |  | 266772 | 20680 | SH |  | SOLE | 0 | 20664 | 0 | 16 |
| READY CAPITAL CORP | COM | 75574U101 |  | 10477272 | 4806088 | SH |  | SOLE | 0 | 4721934 | 0 | 84154 |
| REALTY INCOME CORP | COM | 756109104 |  | 25997549 | 461195 | SH |  | SOLE | 0 | 451107 | 0 | 10088 |
| REPAY HLDGS CORP | COM CL A | 76029L100 |  | 19755596 | 5412492 | SH |  | SOLE | 0 | 5277389 | 0 | 135103 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 346661 | 891 | SH |  | SOLE | 0 | 891 | 0 | 0 |
| ROYCE GLOBAL TRUST INC | COM | 78081T104 |  | 2230942 | 170171 | SH |  | SOLE | 0 | 169147 | 0 | 1024 |
| RTX CORPORATION | COM | 75513E101 |  | 287021 | 1565 | SH |  | SOLE | 0 | 1565 | 0 | 0 |
| RUSH ENTERPRISES INC | CL A | 781846209 |  | 16001193 | 296648 | SH |  | SOLE | 0 | 292237 | 0 | 4411 |
| RUSH ENTERPRISES INC | CL B | 781846308 |  | 18434827 | 327672 | SH |  | SOLE | 0 | 314761 | 0 | 12911 |
| SAFEHOLD INC | COM | 78646V107 |  | 212838 | 15547 | SH |  | SOLE | 0 | 15547 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 202391 | 764 | SH |  | SOLE | 0 | 764 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 475472 | 2003 | SH |  | SOLE | 0 | 2003 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 447541 | 13720 | SH |  | SOLE | 0 | 13720 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 225617 | 7922 | SH |  | SOLE | 0 | 7922 | 0 | 0 |
| SCORPIO TANKERS INC | SHS | Y7542C130 |  | 12726460 | 250373 | SH |  | SOLE | 0 | 242811 | 0 | 7562 |
| SEABOARD CORP | COM | 811543107 |  | 43221430 | 9724 | SH |  | SOLE | 0 | 9422 | 0 | 302 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 233040 | 3000 | SH |  | SOLE | 0 | 3000 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 348610 | 2252 | SH |  | SOLE | 0 | 2252 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 396952 | 2559 | SH |  | SOLE | 0 | 2559 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 332859 | 2312 | SH |  | SOLE | 0 | 2312 | 0 | 0 |
| SIERRA BANCORP | COM | 82620P102 |  | 17847823 | 546139 | SH |  | SOLE | 0 | 524495 | 0 | 21644 |
| SIRIUSPOINT LTD | COM | G8192H106 |  | 76121993 | 3477478 | SH |  | SOLE | 0 | 3336846 | 0 | 140632 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 |  | 26916937 | 1346183 | SH |  | SOLE | 0 | 1307102 | 0 | 39081 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 6303403 | 163005 | SH |  | SOLE | 0 | 154927 | 0 | 8078 |
| SONOCO PRODS CO | COM | 835495102 |  | 37653508 | 862821 | SH |  | SOLE | 0 | 838812 | 0 | 24009 |
| SOUTHSTATE BK CORP | COM | 84472E102 |  | 9661333 | 102660 | SH |  | SOLE | 0 | 97452 | 0 | 5208 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 850481 | 2146 | SH |  | SOLE | 0 | 2146 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1326471 | 1945 | SH |  | SOLE | 0 | 1945 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A763 |  | 445729 | 3203 | SH |  | SOLE | 0 | 3203 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 10023746 | 109693 | SH |  | SOLE | 0 | 109693 | 0 | 0 |
| SPRINKLR INC | CL A | 85208T107 |  | 18767927 | 2412330 | SH |  | SOLE | 0 | 2373222 | 0 | 39108 |
| STAR HLDGS | SHS BEN INT | 85512G106 |  | 87337 | 10612 | SH |  | SOLE | 0 | 10612 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 378692 | 4497 | SH |  | SOLE | 0 | 4497 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 47458135 | 367864 | SH |  | SOLE | 0 | 353069 | 0 | 14795 |
| SUN CMNTYS INC | COM | 866674104 |  | 23633726 | 190733 | SH |  | SOLE | 0 | 186156 | 0 | 4577 |
| TARGA RES CORP | COM | 87612G101 |  | 1845000 | 10000 | SH |  | SOLE | 0 | 10000 | 0 | 0 |
| TELEPHONE  DATA SYS INC | COM | 879433829 |  | 19806239 | 483079 | SH |  | SOLE | 0 | 462181 | 0 | 20898 |
| TENET HEALTHCARE CORP | COM | 88033G407 |  | 12337929 | 62087 | SH |  | SOLE | 0 | 60629 | 0 | 1458 |
| TESLA INC | COM | 88160R101 |  | 993881 | 2210 | SH |  | SOLE | 0 | 2210 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 27751776 | 889195 | SH |  | SOLE | 0 | 861390 | 0 | 27805 |
| TEXAS INSTRS INC | COM | 882508104 |  | 373697 | 2154 | SH |  | SOLE | 0 | 2154 | 0 | 0 |
| TORO CO | COM | 891092108 |  | 5510400 | 70000 | SH |  | SOLE | 0 | 70000 | 0 | 0 |
| TOTAL RETURN SECURITIES FUND | COM | 870875101 |  | 302849 | 10545 | SH |  | SOLE | 0 | 10545 | 0 | 0 |
| UGI CORP | COM | 902681105 |  | 35962220 | 960786 | SH |  | SOLE | 0 | 946662 | 0 | 14124 |
| UMH PPTYS INC | COM | 903002103 |  | 29309863 | 1842229 | SH |  | SOLE | 0 | 1791749 | 0 | 50480 |
| UNION PAC CORP | COM | 907818108 |  | 360547 | 1559 | SH |  | SOLE | 0 | 1559 | 0 | 0 |
| UNITED NAT FOODS INC | COM | 911163103 |  | 2127978 | 63201 | SH |  | SOLE | 0 | 57863 | 0 | 5338 |
| US BANCORP DEL | COM | 902973304 |  | 2143578 | 40172 | SH |  | SOLE | 0 | 40172 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 48864837 | 300171 | SH |  | SOLE | 0 | 290926 | 0 | 9245 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 424368 | 5449 | SH |  | SOLE | 0 | 5449 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 348340 | 4420 | SH |  | SOLE | 0 | 4420 | 0 | 0 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 525142 | 10868 | SH |  | SOLE | 0 | 10868 | 0 | 0 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 640325 | 3062 | SH |  | SOLE | 0 | 3062 | 0 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 1706531 | 5421 | SH |  | SOLE | 0 | 5421 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 491052 | 1692 | SH |  | SOLE | 0 | 1692 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 270396 | 431 | SH |  | SOLE | 0 | 431 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 264141 | 1024 | SH |  | SOLE | 0 | 1024 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 356271 | 1063 | SH |  | SOLE | 0 | 1063 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 758994 | 3974 | SH |  | SOLE | 0 | 3974 | 0 | 0 |
| VANGUARD MALVERN FDS | CORE-PLUS BD ETF | 922020755 |  | 288636 | 3695 | SH |  | SOLE | 0 | 3682 | 0 | 13 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 9365325 | 117463 | SH |  | SOLE | 0 | 116878 | 0 | 585 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000IDX | 92206C730 |  | 260830 | 844 | SH |  | SOLE | 0 | 844 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 1323955 | 6024 | SH |  | SOLE | 0 | 6024 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 207463 | 3321 | SH |  | SOLE | 0 | 3321 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 200354 | 1396 | SH |  | SOLE | 0 | 1396 | 0 | 0 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 |  | 217834 | 2382 | SH |  | SOLE | 0 | 2382 | 0 | 0 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 217934 | 757 | SH |  | SOLE | 0 | 757 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 345985 | 459 | SH |  | SOLE | 0 | 459 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 43680664 | 1072444 | SH |  | SOLE | 0 | 1044375 | 0 | 28069 |
| VESTIS CORPORATION | COM SHS | 29430C102 |  | 13160884 | 1973146 | SH |  | SOLE | 0 | 1923201 | 0 | 49945 |
| VISA INC | COM CL A | 92826C839 |  | 1368120 | 3901 | SH |  | SOLE | 0 | 3901 | 0 | 0 |
| VONTIER CORPORATION | COM | 928881101 |  | 14520761 | 390553 | SH |  | SOLE | 0 | 374630 | 0 | 15923 |
| VORNADO RLTY TR | SH BEN INT | 929042109 |  | 31918382 | 959086 | SH |  | SOLE | 0 | 937730 | 0 | 21356 |
| WALMART INC | COM | 931142103 |  | 333919 | 2997 | SH |  | SOLE | 0 | 2997 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 78730937 | 2731816 | SH |  | SOLE | 0 | 2650154 | 0 | 81662 |
| WEAVE COMMUNICATIONS INC | COM | 94724R108 |  | 75900 | 10000 | SH |  | SOLE | 0 | 10000 | 0 | 0 |
| WELLS FARGO CO | COM | 949746101 |  | 1039180 | 11150 | SH |  | SOLE | 0 | 11150 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 246861 | 1330 | SH |  | SOLE | 0 | 1330 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 1036087 | 6014 | SH |  | SOLE | 0 | 6014 | 0 | 0 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 1508650 | 726 | SH |  | SOLE | 0 | 712 | 0 | 14 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 640825 | 12735 | SH |  | SOLE | 0 | 12735 | 0 | 0 |
| WP CAREY INC | COM | 92936U109 |  | 23374458 | 363183 | SH |  | SOLE | 0 | 352468 | 0 | 10715 |
| XEROX HOLDINGS CORP | COM | 98421M106 |  | 2308013 | 973845 | SH |  | SOLE | 0 | 955150 | 0 | 18695 |

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