{"url":"https://nivawealth.com/firms/mraz-amerine-and-associates-158338","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/158338","regulatoryAum":917491815,"crd":"158338","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"8026604","suffix":null,"lastName":"Gomez Guerrero","firstName":"Angela","middleName":"Gabriela"},{"crd":"6433993","suffix":null,"lastName":"JOHNSON","firstName":"BENJAMIN","middleName":"OSBORN"},{"crd":"7370681","suffix":null,"lastName":"Mraz","firstName":"Christopher","middleName":"Shaun"},{"crd":"809949","suffix":null,"lastName":"MRAZ","firstName":"DAVID","middleName":"FREDERICK"},{"crd":"5215952","suffix":null,"lastName":"MRAZ","firstName":"DEIDRE","middleName":"MICHELLE"}],"total":5,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-17","regulatoryAum":499019550,"clients":578,"employees":8,"offices":1},{"filedOn":"2022-03-11","regulatoryAum":565509753,"clients":571,"employees":11,"offices":1},{"filedOn":"2023-04-10","regulatoryAum":586806254,"clients":533,"employees":8,"offices":1},{"filedOn":"2024-05-01","regulatoryAum":652513277,"clients":527,"employees":8,"offices":1},{"filedOn":"2025-05-12","regulatoryAum":784862351,"clients":507,"employees":7,"offices":1},{"filedOn":"2026-10-01","regulatoryAum":917491815,"clients":487,"employees":6,"offices":1}],"secFileNumber":"801-72742","legalName":"Mraz, Amerine & Associates, Inc.","displayName":"Mraz, Amerine & Associates","slug":"mraz-amerine-and-associates-158338","website":"https://mrazassociates.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"2011","organization":"California corporation","fiscalYearEnd":"December","headquarters":{"street":"1120 13th Street, Suite C","city":"Modesto","state":"CA","stateName":"California","country":"United States","postalCode":"95354"},"tradeNames":["Mraz and Associates"],"registration":{"secApproved":"22 September 2011","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1845229.9281183933,"staff":{"employees":6,"advisory":5,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":917491815,"discretionary":917491815,"discretionaryAccounts":1289,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":4},"clientTypes":[{"label":"Individuals (other than HNW)","clients":252,"regulatoryAum":100244821},{"label":"High-net-worth individuals","clients":221,"regulatoryAum":772548935},{"label":"Pension and profit-sharing plans","clients":9,"regulatoryAum":26598588},{"label":"Charitable organizations","clients":2,"regulatoryAum":8059463},{"label":"Corporations and other businesses","clients":3,"regulatoryAum":10040008}],"feePrograms":[{"role":"main","program":"Investment Management Fee","feeBasis":"marginal","fee_tiers":[{"to":500000,"pct":1.25,"from":0},{"to":2500000,"pct":1,"from":500000},{"to":5000000,"pct":0.9,"from":2500000},{"to":15000000,"pct":0.7,"from":5000000},{"to":null,"pct":0.5,"from":15000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1061344","versionId":1061344,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-10-16","documentName":"DISCLOSURE BROCHURE","fee_rate_low":0.5,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":1000000,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning","summary":"Financial planning for non-investment advisory clients is billed at $250 per hour; plans generally range from $1,000 to $5,000, and fees are negotiable.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1061344","versionId":1061344,"submittedOn":"2026-10-16","documentName":"DISCLOSURE BROCHURE"},{"role":"other","program":"Retirement Plan Assets","summary":"Non-discretionary management of retirement plan assets is billed a flat 50 basis points a year; discretionary management follows the tiered schedule.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1061344","versionId":1061344,"submittedOn":"2026-10-16","documentName":"DISCLOSURE BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T07:00:00.055537+00:00","documents":[{"name":"DISCLOSURE BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1061344","versionId":1061344,"submittedOn":"2026-10-16"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":917491815}],"custodyNote":"Mraz, Amerine & Associates has custody of $271M for 209 clients.","otherCustodians":[],"leadership":[{"name":"Deidre Mraz","title":"Shareholder/Chief Compliance Officer","crd":"5215952"},{"name":"David Mraz","title":"Shareholder","crd":"809949"},{"name":"Gloria Mraz","title":"Shareholder","crd":"5987619"}],"ownership":[{"label":"Deidre Mraz","detail":"Shareholder/chief compliance officer in the 10% to 25% ownership band and a control person, since October 2011."},{"label":"David Mraz","detail":"Shareholder in the 25% to 50% ownership band and a control person, since October 2011."},{"label":"Gloria Mraz","detail":"Shareholder in the 25% to 50% ownership band and a control person, since October 2011."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"1120 13th Street, Suite C","city":"Modesto","headquarters":true}]}],"brochureServices":["education planning","estate planning","insurance","retirement plan services","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"209-593-5870","stateRegisteredReps":5,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":67},{"label":"U.S. government/agency bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":23},{"label":"Cash and cash equivalents","percent":8}],"privateFunds":0},"sources":{"adv1FilingDate":"1 October 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/158338/PDF/158338.pdf","brochureDate":"16 October 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1061344","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Mraz, Amerine & Associates have?","answer":"Mraz, Amerine & Associates has 487 clients and manages $917 million for them, as of October 2026. They include 252 individual clients, 221 high-net-worth individuals, and 9 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Mraz, Amerine & Associates offer?","answer":"Mraz, Amerine & Associates provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, education planning, estate planning, insurance, retirement plan services, and tax planning.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Mraz, Amerine & Associates charge?","answer":"Mraz, Amerine & Associates charges 0.50%–1.25% a year for its Investment Management Fee. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and requires an account of at least $1,000,000.","source":"DISCLOSURE BROCHURE, filed 16 October 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Mraz, Amerine & Associates use?","answer":"Mraz, Amerine & Associates’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $917M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 October 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Mraz, Amerine & Associates have?","answer":"Mraz, Amerine & Associates has 5 investment adviser representatives registered with state securities authorities, out of 6 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Mraz, Amerine & Associates invest in?","answer":"At the end of its last fiscal year, Mraz, Amerine & Associates’ separately managed accounts held 67% exchange-traded equities, 23% registered funds (mutual funds, ETFs, BDCs), 8% cash and equivalents and 2% U.S. government and agency bonds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Mraz, Amerine & Associates have a minimum investment?","answer":"Yes, Mraz, Amerine & Associates’ minimum account size for its Investment Management Fee is $1M.","source":"DISCLOSURE BROCHURE, filed 16 October 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Mraz, Amerine & Associates?","answer":"Mraz, Amerine & Associates’ direct owners are Deidre Mraz, David Mraz and Gloria Mraz, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Mraz, Amerine & Associates get paid?","answer":"Mraz, Amerine & Associates is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Mraz, Amerine & Associates?","answer":"Mraz, Amerine & Associates’ main office is at 1120 13th Street, Suite C, Modesto, CA 95354. Its phone number is 209-593-5870. Its website is mrazassociates.com.","source":"Form ADV Part 1A, Item 1.F, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/mraz-amerine-and-associates-158338/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-16","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1542324/000121465926008633/0001214659-26-008633-index.html","totalValue":697119949,"positionCount":199,"top10Share":0.5731868031795486,"top10":[{"issuer":"BERKSHIRE HATHAWAY INC DEL","titleOfClass":"CL B NEW","cusip":"084670702","value":78339557,"shares":156557,"shareType":"SH","priorValue":76047123,"priorShares":158696},{"issuer":"FAIRFAX FINL HLDGS LTD SUB VTG","titleOfClass":"Stock","cusip":"303901102","value":48457312,"shares":29425,"shareType":"SH","priorValue":49587415,"priorShares":29102},{"issuer":"WHITE MTNS INS GROUP LTD","titleOfClass":"COM","cusip":"G9618E107","value":46066975,"shares":22218,"shareType":"SH","priorValue":48726795,"priorShares":22179},{"issuer":"BERKLEY W R CORP","titleOfClass":"COM","cusip":"084423102","value":44839667,"shares":635753,"shareType":"SH","priorValue":41795711,"priorShares":630593},{"issuer":"WISDOMTREE TR","titleOfClass":"FLOATNG RAT TREA","cusip":"97717Y527","value":43282966,"shares":859642,"shareType":"SH","priorValue":41403057,"priorShares":822468},{"issuer":"MARKEL GROUP INC","titleOfClass":"COM","cusip":"570535104","value":38298526,"shares":19610,"shareType":"SH","priorValue":36629558,"priorShares":19137},{"issuer":"JEFFERIES FINANCIAL GROUP IN","titleOfClass":"COM","cusip":"47233W109","value":30843757,"shares":617122,"shareType":"SH","priorValue":25353111,"priorShares":614323},{"issuer":"LOEWS CORP","titleOfClass":"COM","cusip":"540424108","value":28965333,"shares":255855,"shareType":"SH","priorValue":27079264,"priorShares":253694},{"issuer":"AMERICAN CENTY ETF TR","titleOfClass":"US SML CP VALU","cusip":"025072877","value":20609194,"shares":165191,"shareType":"SH","priorValue":18435936,"priorShares":166886},{"issuer":"BROOKFIELD CORP","titleOfClass":"CL A LTD VT SH","cusip":"11271J107","value":19876668,"shares":466698,"shareType":"SH","priorValue":18344930,"priorShares":453297}],"positionsListed":199,"positions":[{"issuer":"BERKSHIRE HATHAWAY INC DEL","titleOfClass":"CL B NEW","cusip":"084670702","value":78339557,"shares":156557,"shareType":"SH","priorValue":76047123,"priorShares":158696},{"issuer":"FAIRFAX FINL HLDGS LTD SUB VTG","titleOfClass":"Stock","cusip":"303901102","value":48457312,"shares":29425,"shareType":"SH","priorValue":49587415,"priorShares":29102},{"issuer":"WHITE MTNS INS GROUP LTD","titleOfClass":"COM","cusip":"G9618E107","value":46066975,"shares":22218,"shareType":"SH","priorValue":48726795,"priorShares":22179},{"issuer":"BERKLEY W R CORP","titleOfClass":"COM","cusip":"084423102","value":44839667,"shares":635753,"shareType":"SH","priorValue":41795711,"priorShares":630593},{"issuer":"WISDOMTREE TR","titleOfClass":"FLOATNG RAT TREA","cusip":"97717Y527","value":43282966,"shares":859642,"shareType":"SH","priorValue":41403057,"priorShares":822468},{"issuer":"MARKEL GROUP INC","titleOfClass":"COM","cusip":"570535104","value":38298526,"shares":19610,"shareType":"SH","priorValue":36629558,"priorShares":19137},{"issuer":"JEFFERIES FINANCIAL GROUP IN","titleOfClass":"COM","cusip":"47233W109","value":30843757,"shares":617122,"shareType":"SH","priorValue":25353111,"priorShares":614323},{"issuer":"LOEWS CORP","titleOfClass":"COM","cusip":"540424108","value":28965333,"shares":255855,"shareType":"SH","priorValue":27079264,"priorShares":253694},{"issuer":"AMERICAN CENTY ETF TR","titleOfClass":"US SML CP VALU","cusip":"025072877","value":20609194,"shares":165191,"shareType":"SH","priorValue":18435936,"priorShares":166886},{"issuer":"BROOKFIELD CORP","titleOfClass":"CL A LTD VT SH","cusip":"11271J107","value":19876668,"shares":466698,"shareType":"SH","priorValue":18344930,"priorShares":453297},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"INTERNATNAL VAL","cusip":"25434V807","value":14815398,"shares":274258,"shareType":"SH","priorValue":14243496,"priorShares":269865},{"issuer":"AMERICAN CENTY ETF TR","titleOfClass":"INTL SMCP VLU","cusip":"025072802","value":13821667,"shares":134126,"shareType":"SH","priorValue":13376952,"priorShares":133957},{"issuer":"CANADIAN NAT RES LTD MED TER","titleOfClass":"COM","cusip":"136385101","value":9333337,"shares":236287,"shareType":"SH","priorValue":11398775,"priorShares":233917},{"issuer":"CENOVUS ENERGY INC","titleOfClass":"COM","cusip":"15135U109","value":9104054,"shares":366951,"shareType":"SH","priorValue":9637978,"priorShares":363286},{"issuer":"AMERICAN CENTY ETF TR","titleOfClass":"AVANTIS EMGMKT","cusip":"025072604","value":7174218,"shares":74352,"shareType":"SH","priorValue":6177455,"priorShares":76662},{"issuer":"JOHNSON & JOHNSON","titleOfClass":"COM","cusip":"478160104","value":7088049,"shares":27909,"shareType":"SH","priorValue":6910074,"priorShares":28269},{"issuer":"U HAUL HOLDING COMPANY","titleOfClass":"COM SER N","cusip":"023586506","value":6703663,"shares":116181,"shareType":"SH","priorValue":5233801,"priorShares":117166},{"issuer":"MICROSOFT CORP","titleOfClass":"COM","cusip":"594918104","value":6571282,"shares":17616,"shareType":"SH","priorValue":6617279,"priorShares":17876},{"issuer":"OCCIDENTAL PETE CORP","titleOfClass":"COM","cusip":"674599105","value":6530948,"shares":134465,"shareType":"SH","priorValue":8591482,"priorShares":132177},{"issuer":"SLB LIMITED","titleOfClass":"COM STK","cusip":"806857108","value":5802142,"shares":124804,"shareType":"SH","priorValue":6309913,"priorShares":122785},{"issuer":"ANTERO RESOURCES CORP","titleOfClass":"COM","cusip":"03674X106","value":5696686,"shares":162114,"shareType":"SH","priorValue":6584736,"priorShares":155154},{"issuer":"CREDIT ACCEP CORP MICH","titleOfClass":"COM","cusip":"225310101","value":5333334,"shares":8376,"shareType":"SH","priorValue":5587555,"priorShares":13195},{"issuer":"BERKSHIRE HATHAWAY INC DEL","titleOfClass":"CL A","cusip":"084670108","value":5241950,"shares":7,"shareType":"SH","priorValue":5026980,"priorShares":7},{"issuer":"ROYCE MICRO-CAP TR INC","titleOfClass":"COM","cusip":"780915104","value":5070234,"shares":346327,"shareType":"SH","priorValue":3968775,"priorShares":350908},{"issuer":"KOREA FD INC","titleOfClass":"COM NEW","cusip":"500634209","value":5055987,"shares":67225,"shareType":"SH","priorValue":3043319,"priorShares":67780},{"issuer":"DEVON ENERGY CORP NEW","titleOfClass":"COM","cusip":"25179M103","value":4941128,"shares":119582,"shareType":"SH","priorValue":2146098,"priorShares":42649},{"issuer":"ALPHA METALLURGICAL RESOUR I","titleOfClass":"COM","cusip":"020764106","value":4364147,"shares":26459,"shareType":"SH","priorValue":5431855,"priorShares":26462},{"issuer":"APPLE INC","titleOfClass":"COM","cusip":"037833100","value":4133458,"shares":14285,"shareType":"SH","priorValue":3691067,"priorShares":14544},{"issuer":"GRAHAM HLDGS CO","titleOfClass":"COM CL B","cusip":"384637104","value":3832035,"shares":3357,"shareType":"SH","priorValue":3640378,"priorShares":3443},{"issuer":"VANECK ETF TRUST","titleOfClass":"OIL SERVICES ETF","cusip":"92189H607","value":3738369,"shares":10049,"shareType":"SH","priorValue":3951786,"priorShares":9777},{"issuer":"HALLIBURTON CO","titleOfClass":"COM","cusip":"406216101","value":3674494,"shares":108233,"shareType":"SH","priorValue":4122520,"priorShares":105733},{"issuer":"NVR INC","titleOfClass":"COM","cusip":"62944T105","value":3556595,"shares":522,"shareType":"SH","priorValue":3393762,"priorShares":515},{"issuer":"TEXAS PACIFIC LAND CORPORATI","titleOfClass":"COM","cusip":"88262P102","value":3518416,"shares":8040,"shareType":"SH","priorValue":3999769,"priorShares":8428},{"issuer":"FREEPORT MCMORAN INC","titleOfClass":"CL B","cusip":"35671D857","value":3311220,"shares":52651,"shareType":"SH","priorValue":3158361,"priorShares":53732},{"issuer":"TIDEWATER INC NEW","titleOfClass":"COM","cusip":"88642R109","value":3293721,"shares":49433,"shareType":"SH","priorValue":4135558,"priorShares":49498},{"issuer":"WILLSCOT HLDGS CORP","titleOfClass":"COM CL A","cusip":"971378104","value":3156963,"shares":109389,"shareType":"SH","priorValue":1926928,"priorShares":110998},{"issuer":"LENNAR CORP","titleOfClass":"CL B","cusip":"526057302","value":3130026,"shares":35284,"shareType":"SH","priorValue":2890871,"priorShares":34366},{"issuer":"ST JOE CO","titleOfClass":"COM","cusip":"790148100","value":3120665,"shares":49827,"shareType":"SH","priorValue":3132276,"priorShares":49877},{"issuer":"NAVIOS MARITIME PARTNERS LP","titleOfClass":"COM UNIT LPI","cusip":"Y62267409","value":3014481,"shares":43021,"shareType":"SH","priorValue":2903057,"priorShares":43021},{"issuer":"ISHARES TR","titleOfClass":"TRS FLT RT BD","cusip":"46434V860","value":2968184,"shares":58625,"shareType":"SH","priorValue":2765107,"priorShares":54614},{"issuer":"SCHWAB CHARLES CORP","titleOfClass":"COM","cusip":"808513105","value":2853228,"shares":30923,"shareType":"SH","priorValue":2906105,"priorShares":30923},{"issuer":"BANK OF NY MELLON CORP","titleOfClass":"COM","cusip":"064058100","value":2848817,"shares":19700,"shareType":"SH","priorValue":2404630,"priorShares":20270},{"issuer":"CUSTOMERS BANCORP INC","titleOfClass":"COM","cusip":"23204G100","value":2844990,"shares":35967,"shareType":"SH","priorValue":2542697,"priorShares":36633},{"issuer":"AMGEN INC","titleOfClass":"COM","cusip":"031162100","value":2776736,"shares":7668,"shareType":"SH","priorValue":2713624,"priorShares":7712},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"INTL SMALL CAP V","cusip":"25434V781","value":2750992,"shares":68552,"shareType":"SH","priorValue":2703691,"priorShares":68552},{"issuer":"VALARIS LTD","titleOfClass":"CL A","cusip":"G9460G101","value":2643874,"shares":36417,"shareType":"SH","priorValue":3638068,"priorShares":37108},{"issuer":"CAPITAL ONE FINL CORP","titleOfClass":"COM","cusip":"14040H105","value":2589872,"shares":12909,"shareType":"SH"},{"issuer":"VITESSE ENERGY INC","titleOfClass":"COMMON STOCK","cusip":"92852X103","value":2557988,"shares":162206,"shareType":"SH","priorValue":2807620,"priorShares":154605},{"issuer":"LUMEN TECHNOLOGIES INC","titleOfClass":"COM","cusip":"550241103","value":2464468,"shares":320894,"shareType":"SH","priorValue":2233690,"priorShares":321394},{"issuer":"NOBLE CORP PLC","titleOfClass":"ORD SHS A","cusip":"G65431127","value":2459338,"shares":65934,"shareType":"SH","priorValue":3162463,"priorShares":64448},{"issuer":"STAR BULK CARRIERS CORP.","titleOfClass":"SHS PAR","cusip":"Y8162K204","value":2446836,"shares":97991,"shareType":"SH","priorValue":2250854,"priorShares":97991},{"issuer":"JAPAN SMALLER CAPITALIZATION","titleOfClass":"COM","cusip":"47109U104","value":2383827,"shares":202362,"shareType":"SH","priorValue":2130441,"priorShares":195453},{"issuer":"BURFORD CAPITAL LIMITED","titleOfClass":"ORD SHS","cusip":"G17977110","value":2351772,"shares":573603,"shareType":"SH","priorValue":2103034,"priorShares":465273},{"issuer":"DIVERSIFIED ENERGY CO","titleOfClass":"COMMON STOCK","cusip":"25520W107","value":2320788,"shares":167445,"shareType":"SH","priorValue":2920241,"priorShares":167445},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US LARG VALU ETF","cusip":"25434V666","value":2230649,"shares":56415,"shareType":"SH","priorValue":2056325,"priorShares":57584},{"issuer":"AMBEV SA","titleOfClass":"SPONSORED ADR","cusip":"02319V103","value":2213979,"shares":705089,"shareType":"SH","priorValue":2062422,"priorShares":706309},{"issuer":"FIRST CTZNS BANCSHARES INC D","titleOfClass":"CL A","cusip":"31946M103","value":2107840,"shares":1013,"shareType":"SH","priorValue":1999624,"priorShares":1061},{"issuer":"INVESCO EXCHANGE TRADED FD T","titleOfClass":"ENERG EXPL ETF","cusip":"46137V761","value":2049327,"shares":60488,"shareType":"SH","priorValue":2235760,"priorShares":57035},{"issuer":"CRESCENT ENERGY COMPANY","titleOfClass":"CL A COM","cusip":"44952J104","value":2043199,"shares":208065,"shareType":"SH","priorValue":2725360,"priorShares":201878},{"issuer":"EMERSON ELEC CO","titleOfClass":"COM","cusip":"291011104","value":1959294,"shares":13687,"shareType":"SH","priorValue":1842403,"priorShares":14062},{"issuer":"MERCK & CO INC","titleOfClass":"COM","cusip":"58933Y105","value":1942619,"shares":15118,"shareType":"SH","priorValue":1829496,"priorShares":15209},{"issuer":"AMENTUM HOLDINGS INC","titleOfClass":"COM","cusip":"023939101","value":1864434,"shares":90200,"shareType":"SH","priorValue":1877369,"priorShares":71985},{"issuer":"BLACK STONE MINERALS L P","titleOfClass":"COM UNIT","cusip":"09225M101","value":1829735,"shares":130976,"shareType":"SH","priorValue":2020803,"priorShares":133651},{"issuer":"VANGUARD WHITEHALL FDS","titleOfClass":"HIGH DIV YLD","cusip":"921946406","value":1798223,"shares":11379,"shareType":"SH","priorValue":1678269,"priorShares":11332},{"issuer":"SABINE RTY TR","titleOfClass":"UNIT BEN INT","cusip":"785688102","value":1707381,"shares":23325,"shareType":"SH","priorValue":1749366,"priorShares":23325},{"issuer":"CONOCOPHILLIPS","titleOfClass":"COM","cusip":"20825C104","value":1703299,"shares":16384,"shareType":"SH","priorValue":2170573,"priorShares":16444},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"INTL CORE EQT MK","cusip":"25434V203","value":1636342,"shares":39669,"shareType":"SH","priorValue":1570521,"priorShares":40311},{"issuer":"AMERICAN CENTY ETF TR","titleOfClass":"EMERGING MKT VAL","cusip":"025072372","value":1623674,"shares":24751,"shareType":"SH","priorValue":1029564,"priorShares":17165},{"issuer":"AMERICAN INTL GROUP INC","titleOfClass":"COM NEW","cusip":"026874784","value":1575937,"shares":21145,"shareType":"SH","priorValue":1601019,"priorShares":21276},{"issuer":"CHEVRON CORPORATION","titleOfClass":"COM","cusip":"166764100","value":1544054,"shares":9315,"shareType":"SH","priorValue":1876169,"priorShares":9068},{"issuer":"APPLIED MATLS INC","titleOfClass":"COM","cusip":"038222105","value":1485765,"shares":2055,"shareType":"SH","priorValue":702378,"priorShares":2055},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"INTL HIGH PROFIT","cusip":"25434V765","value":1472636,"shares":43154,"shareType":"SH","priorValue":1391426,"priorShares":43185},{"issuer":"BROADRIDGE FINL SOLUTIONS IN","titleOfClass":"COM","cusip":"11133T103","value":1465228,"shares":10699,"shareType":"SH","priorValue":1705878,"priorShares":10499},{"issuer":"AMERICAN EXPRESS CO","titleOfClass":"COM","cusip":"025816109","value":1463803,"shares":4328,"shareType":"SH","priorValue":1302270,"priorShares":4305},{"issuer":"NUTRIEN LTD","titleOfClass":"COM","cusip":"67077M108","value":1456034,"shares":23130,"shareType":"SH","priorValue":1752559,"priorShares":23225},{"issuer":"ISHARES TR","titleOfClass":"MSCI JP VALUE","cusip":"46435U374","value":1349565,"shares":30699,"shareType":"SH","priorValue":1309698,"priorShares":30694},{"issuer":"BROADCOM INC","titleOfClass":"COM","cusip":"11135F101","value":1287372,"shares":3408,"shareType":"SH","priorValue":1052334,"priorShares":3400},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"VALUE ETF","cusip":"922908744","value":1245698,"shares":5716,"shareType":"SH","priorValue":1161225,"priorShares":5919},{"issuer":"SUNCOR ENERGY INC NEW","titleOfClass":"COM","cusip":"867224107","value":1219180,"shares":22712,"shareType":"SH","priorValue":1473063,"priorShares":22282},{"issuer":"ISHARES GOLD TR","titleOfClass":"ISHARES NEW","cusip":"464285204","value":1217901,"shares":16129,"shareType":"SH","priorValue":1512297,"priorShares":17154},{"issuer":"CALIFORNIA RES CORP","titleOfClass":"COM STOCK","cusip":"13057Q305","value":1191193,"shares":22531,"shareType":"SH","priorValue":1559010,"priorShares":22523},{"issuer":"GENERAL AMERN INVS CO INC","titleOfClass":"COM","cusip":"368802104","value":1157096,"shares":18151,"shareType":"SH","priorValue":1189912,"priorShares":20351},{"issuer":"AIR PRODUCTS AND CHEMICALS I","titleOfClass":"COM","cusip":"009158106","value":1122933,"shares":3830,"shareType":"SH","priorValue":1109472,"priorShares":3819},{"issuer":"CARLISLE COS INC","titleOfClass":"COM","cusip":"142339100","value":1075554,"shares":2965,"shareType":"SH","priorValue":989183,"priorShares":2965},{"issuer":"DORCHESTER MINERALS L P","titleOfClass":"COM UNIT","cusip":"25820R105","value":1073929,"shares":42532,"shareType":"SH","priorValue":1157483,"priorShares":42712},{"issuer":"TECHNIPFMC PLC","titleOfClass":"COM","cusip":"G87110105","value":1058281,"shares":15962,"shareType":"SH","priorValue":1135875,"priorShares":16431},{"issuer":"QNITY ELECTRONICS INC","titleOfClass":"COMMON STOCK","cusip":"74743L100","value":1051716,"shares":6440,"shareType":"SH","priorValue":693318,"priorShares":6009},{"issuer":"CORTEVA INC","titleOfClass":"COM","cusip":"22052L104","value":1047449,"shares":12368,"shareType":"SH","priorValue":1030055,"priorShares":12305},{"issuer":"NVIDIA CORPORATION","titleOfClass":"COM","cusip":"67066G104","value":1044470,"shares":5220,"shareType":"SH","priorValue":910368,"priorShares":5220},{"issuer":"FIFTH THIRD BANCORP","titleOfClass":"COM","cusip":"316773100","value":1007896,"shares":17880,"shareType":"SH","priorValue":830705,"priorShares":17880},{"issuer":"SPROTT ASSET MANAGEMENT LP","titleOfClass":"PHYSICAL SILVER","cusip":"85207K107","value":976975,"shares":51774,"shareType":"SH","priorValue":1262768,"priorShares":51774},{"issuer":"VANGUARD WHITEHALL FDS","titleOfClass":"INTL DVD ETF","cusip":"921946810","value":969658,"shares":10384,"shareType":"SH","priorValue":918569,"priorShares":10384},{"issuer":"BRISTOW GROUP INC","titleOfClass":"COM","cusip":"11040G103","value":959902,"shares":23231,"shareType":"SH","priorValue":1094572,"priorShares":23343},{"issuer":"ROYCE SMALL CAP TRUST INC","titleOfClass":"COM","cusip":"780910105","value":946253,"shares":51232,"shareType":"SH","priorValue":850449,"priorShares":51232},{"issuer":"IMPERIAL OIL LTD","titleOfClass":"COM NEW","cusip":"453038408","value":944889,"shares":8435,"shareType":"SH","priorValue":1128977,"priorShares":8630},{"issuer":"COSTCO WHOLESALE CORPORATION","titleOfClass":"COM","cusip":"22160K105","value":899922,"shares":962,"shareType":"SH","priorValue":958566,"priorShares":962},{"issuer":"WILLIAMS COS INC","titleOfClass":"COM","cusip":"969457100","value":853423,"shares":11480,"shareType":"SH","priorValue":842865,"priorShares":11581},{"issuer":"EQT CORP","titleOfClass":"COM","cusip":"26884L109","value":793639,"shares":14926,"shareType":"SH","priorValue":949597,"priorShares":14921},{"issuer":"ASSURED GUARANTY LTD","titleOfClass":"COM","cusip":"G0585R106","value":792622,"shares":9888,"shareType":"SH","priorValue":819118,"priorShares":10053},{"issuer":"GREENLIGHT CAP RE LTD","titleOfClass":"CLASS A","cusip":"G4095J109","value":739588,"shares":45710,"shareType":"SH","priorValue":790326,"priorShares":45710},{"issuer":"INTERNATIONAL SEAWAYS INC","titleOfClass":"COM","cusip":"Y41053102","value":721401,"shares":9419,"shareType":"SH","priorValue":710507,"priorShares":9749},{"issuer":"GENERAL DYNAMICS CORP","titleOfClass":"COM","cusip":"369550108","value":718753,"shares":2029,"shareType":"SH","priorValue":695021,"priorShares":2025},{"issuer":"NOVARTIS AG","titleOfClass":"SPONSORED ADR","cusip":"66987V109","value":713389,"shares":4552,"shareType":"SH","priorValue":695318,"priorShares":4552},{"issuer":"VANGUARD MALVERN FDS","titleOfClass":"STRM INFPROIDX","cusip":"922020805","value":703320,"shares":14002,"shareType":"SH","priorValue":788411,"priorShares":15784},{"issuer":"RPM INTL INC","titleOfClass":"COM","cusip":"749685103","value":666900,"shares":6000,"shareType":"SH","priorValue":596400,"priorShares":6000},{"issuer":"LIBERTY MEDIA CORP DEL","titleOfClass":"COM LBTY ONE S C","cusip":"531229755","value":643527,"shares":6764,"shareType":"SH","priorValue":577201,"priorShares":6789},{"issuer":"ISHARES TR","titleOfClass":"US OIL GS EX ETF","cusip":"464288851","value":636211,"shares":5793,"shareType":"SH","priorValue":739117,"priorShares":5918},{"issuer":"US BANCORP","titleOfClass":"COM NEW","cusip":"902973304","value":633596,"shares":10490,"shareType":"SH","priorValue":602588,"priorShares":11586},{"issuer":"OFG BANCORP","titleOfClass":"COM","cusip":"67103X102","value":632512,"shares":12890,"shareType":"SH","priorValue":602449,"priorShares":14890},{"issuer":"SAN JUAN BASIN RTY TR","titleOfClass":"UNIT BEN INT","cusip":"798241105","value":591396,"shares":184236,"shareType":"SH","priorValue":884331,"priorShares":184236},{"issuer":"ISHARES TR","titleOfClass":"IBONDS 26 TRM TS","cusip":"46436E858","value":575111,"shares":25125,"shareType":"SH","priorValue":618361,"priorShares":26985},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US COR EQU 2 ETF","cusip":"25434V708","value":567971,"shares":12804,"shareType":"SH","priorValue":498498,"priorShares":12828},{"issuer":"DUPONT DE NEMOURS INC","titleOfClass":"COMMON STOCK","cusip":"26614N201","value":545951,"shares":4025,"shareType":"SH"},{"issuer":"ALPHABET INC","titleOfClass":"CAP STK CL A","cusip":"02079K305","value":537127,"shares":1503,"shareType":"SH","priorValue":367214,"priorShares":1277},{"issuer":"KRANESHARES TRUST","titleOfClass":"QUADRTC INT RT","cusip":"500767736","value":535800,"shares":30989,"shareType":"SH","priorValue":579804,"priorShares":30989},{"issuer":"CAPITAL SOUTHWEST CORP","titleOfClass":"COM","cusip":"140501107","value":522441,"shares":21979,"shareType":"SH","priorValue":536498,"priorShares":24254},{"issuer":"VANGUARD SCOTTSDALE FDS","titleOfClass":"VNG RUS1000VAL","cusip":"92206C714","value":509650,"shares":4794,"shareType":"SH","priorValue":461857,"priorShares":4927},{"issuer":"SPROTT ASSET MANAGEMENT LP","titleOfClass":"PHYSICAL GOLD AN","cusip":"85208R101","value":494467,"shares":12291,"shareType":"SH","priorValue":586527,"priorShares":12291},{"issuer":"LOCKHEED MARTIN CORP","titleOfClass":"COM","cusip":"539830109","value":483781,"shares":950,"shareType":"SH","priorValue":573879,"priorShares":950},{"issuer":"RTX CORPORATION","titleOfClass":"COM","cusip":"75513E101","value":473756,"shares":2497,"shareType":"SH","priorValue":480900,"priorShares":2493},{"issuer":"ISHARES TR","titleOfClass":"BRAZIL SM-CP ETF","cusip":"464289131","value":433857,"shares":33425,"shareType":"SH"},{"issuer":"TESLA INC","titleOfClass":"COM","cusip":"88160R101","value":431956,"shares":1027,"shareType":"SH","priorValue":287363,"priorShares":773},{"issuer":"3M CO","titleOfClass":"COM","cusip":"88579Y101","value":429062,"shares":2650,"shareType":"SH","priorValue":384860,"priorShares":2650},{"issuer":"ABBOTT LABORATORIES","titleOfClass":"COM","cusip":"002824100","value":428928,"shares":4727,"shareType":"SH","priorValue":485321,"priorShares":4727},{"issuer":"PARK HOTELS & RESORTS INC","titleOfClass":"COM","cusip":"700517105","value":421088,"shares":29550,"shareType":"SH"},{"issuer":"DAILY JOURNAL CORP","titleOfClass":"COM","cusip":"233912104","value":414220,"shares":689,"shareType":"SH","priorValue":332332,"priorShares":689},{"issuer":"UNIQURE NV","titleOfClass":"SHS","cusip":"N90064101","value":389898,"shares":8465,"shareType":"SH"},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"EMERGING MKTS VA","cusip":"25434V740","value":386991,"shares":9070,"shareType":"SH","priorValue":324525,"priorShares":9070},{"issuer":"AGNICO EAGLE MINES LTD","titleOfClass":"COM","cusip":"008474108","value":377431,"shares":2433,"shareType":"SH","priorValue":493850,"priorShares":2433},{"issuer":"CABLE ONE INC","titleOfClass":"COM","cusip":"12685J105","value":364083,"shares":6855,"shareType":"SH","priorValue":625268,"priorShares":6855},{"issuer":"PPG INDS INC","titleOfClass":"COM","cusip":"693506107","value":363870,"shares":3000,"shareType":"SH","priorValue":320640,"priorShares":3000},{"issuer":"QUALCOMM INC","titleOfClass":"COM","cusip":"747525103","value":352949,"shares":1910,"shareType":"SH","priorValue":245970,"priorShares":1910},{"issuer":"CNA FINL CORP","titleOfClass":"COM","cusip":"126117100","value":336916,"shares":6931,"shareType":"SH","priorValue":319420,"priorShares":6956},{"issuer":"DOW HLDGS INC","titleOfClass":"COM","cusip":"260557103","value":327643,"shares":11975,"shareType":"SH","priorValue":498769,"priorShares":11975},{"issuer":"IDT CORP","titleOfClass":"CL B NEW","cusip":"448947507","value":326743,"shares":5618,"shareType":"SH","priorValue":275844,"priorShares":5618},{"issuer":"HERSHEY CO","titleOfClass":"COM","cusip":"427866108","value":326337,"shares":1860,"shareType":"SH","priorValue":439479,"priorShares":2114},{"issuer":"VANGUARD WHITEHALL FDS","titleOfClass":"INTL HIGH ETF","cusip":"921946794","value":323078,"shares":3290,"shareType":"SH","priorValue":310050,"priorShares":3290},{"issuer":"TARGA RES CORP","titleOfClass":"COM","cusip":"87612G101","value":299244,"shares":1116,"shareType":"SH","priorValue":282071,"priorShares":1125},{"issuer":"ILLINOIS TOOL WKS INC","titleOfClass":"COM","cusip":"452308109","value":298058,"shares":1102,"shareType":"SH","priorValue":286319,"priorShares":1100},{"issuer":"BANK OF AMER CORP","titleOfClass":"COM","cusip":"060505104","value":294074,"shares":5161,"shareType":"SH","priorValue":251599,"priorShares":5161},{"issuer":"JANUS DETROIT STR TR","titleOfClass":"HENDRSON AAA CL","cusip":"47103U845","value":290902,"shares":5762,"shareType":"SH","priorValue":286785,"priorShares":5694},{"issuer":"ELECTROVAYA INC","titleOfClass":"COM NEW","cusip":"28617B606","value":290063,"shares":27625,"shareType":"SH","priorValue":216028,"priorShares":27625},{"issuer":"AMC GLOBAL MEDIA INC","titleOfClass":"CL A","cusip":"00164V103","value":288921,"shares":28950,"shareType":"SH","priorValue":196571,"priorShares":28950},{"issuer":"CSW INDUSTRIALS INC","titleOfClass":"COM","cusip":"126402106","value":286649,"shares":1030,"shareType":"SH","priorValue":268397,"priorShares":1030},{"issuer":"OSCAR HEALTH INC","titleOfClass":"CL A","cusip":"687793109","value":284487,"shares":9975,"shareType":"SH"},{"issuer":"VANGUARD TAX-MANAGED FDS","titleOfClass":"VAN FTSE DEV MKT","cusip":"921943858","value":279086,"shares":3917,"shareType":"SH","priorValue":251001,"priorShares":3917},{"issuer":"COLGATE PALMOLIVE CO","titleOfClass":"COM","cusip":"194162103","value":275040,"shares":3000,"shareType":"SH","priorValue":255690,"priorShares":3000},{"issuer":"CATERPILLAR INC","titleOfClass":"COM","cusip":"149123101","value":271807,"shares":255,"shareType":"SH"},{"issuer":"SLM CORP","titleOfClass":"COM","cusip":"78442P106","value":271722,"shares":10475,"shareType":"SH","priorValue":224270,"priorShares":10475},{"issuer":"U HAUL HOLDING COMPANY","titleOfClass":"COM","cusip":"023586100","value":267322,"shares":4085,"shareType":"SH"},{"issuer":"SOUTHERN CO","titleOfClass":"COM","cusip":"842587107","value":267222,"shares":2792,"shareType":"SH","priorValue":269484,"priorShares":2792},{"issuer":"ENBRIDGE INC","titleOfClass":"COM","cusip":"29250N105","value":266334,"shares":4913,"shareType":"SH","priorValue":271404,"priorShares":5013},{"issuer":"MCKESSON CORP","titleOfClass":"COM","cusip":"58155Q103","value":265971,"shares":352,"shareType":"SH","priorValue":310664,"priorShares":359},{"issuer":"VANGUARD SPECIALIZED FUNDS","titleOfClass":"DIV APP ETF","cusip":"921908844","value":259336,"shares":1096,"shareType":"SH","priorValue":243233,"priorShares":1131},{"issuer":"WARRIOR MET COAL INC","titleOfClass":"COM","cusip":"93627C101","value":255654,"shares":3150,"shareType":"SH","priorValue":293423,"priorShares":3150},{"issuer":"ROYALTY PHARMA PLC","titleOfClass":"SHS CLASS A","cusip":"G7709Q104","value":255119,"shares":4550,"shareType":"SH","priorValue":218264,"priorShares":4550},{"issuer":"SYSCO CORP","titleOfClass":"COM","cusip":"871829107","value":250740,"shares":3000,"shareType":"SH","priorValue":213990,"priorShares":3000},{"issuer":"TETRA TECHNOLOGIES INC DEL","titleOfClass":"COM","cusip":"88162F105","value":249260,"shares":22000,"shareType":"SH","priorValue":187440,"priorShares":22000},{"issuer":"TEXAS INSTRS INC","titleOfClass":"COM","cusip":"882508104","value":249187,"shares":836,"shareType":"SH"},{"issuer":"SEMPRA","titleOfClass":"COM","cusip":"816851109","value":248092,"shares":2676,"shareType":"SH","priorValue":259055,"priorShares":2666},{"issuer":"ENTERGY CORP NEW","titleOfClass":"COM","cusip":"29364G103","value":246375,"shares":2145,"shareType":"SH","priorValue":241012,"priorShares":2145},{"issuer":"UNITED THERAPEUTICS CORP DEL","titleOfClass":"COM","cusip":"91307C102","value":243824,"shares":450,"shareType":"SH","priorValue":266841,"priorShares":450},{"issuer":"KELLY SVCS INC","titleOfClass":"CL A","cusip":"488152208","value":243144,"shares":19800,"shareType":"SH"},{"issuer":"ENERGY TRANSFER L P","titleOfClass":"9.250% FXD PFD I","cusip":"29273V704","value":237190,"shares":20697,"shareType":"SH","priorValue":239464,"priorShares":20697},{"issuer":"EXPAND ENERGY CORPORATION","titleOfClass":"COM","cusip":"165167735","value":237185,"shares":2601,"shareType":"SH","priorValue":285538,"priorShares":2601},{"issuer":"MACYS INC","titleOfClass":"COM","cusip":"55616P104","value":235500,"shares":10000,"shareType":"SH","priorValue":180900,"priorShares":10000},{"issuer":"RANGE RES CORP","titleOfClass":"COM","cusip":"75281A109","value":235413,"shares":6330,"shareType":"SH","priorValue":285989,"priorShares":6330},{"issuer":"CISCO SYS INC","titleOfClass":"COM","cusip":"17275R102","value":234920,"shares":2000,"shareType":"SH"},{"issuer":"NORFOLK SOUTHN CORP","titleOfClass":"COM","cusip":"655844108","value":229336,"shares":729,"shareType":"SH"},{"issuer":"PROCTER & GAMBLE CO","titleOfClass":"COM","cusip":"742718109","value":228318,"shares":1557,"shareType":"SH"},{"issuer":"WELLS FARGO & CO","titleOfClass":"COM","cusip":"949746101","value":223560,"shares":2705,"shareType":"SH","priorValue":215363,"priorShares":2705},{"issuer":"COMMUNITY WEST BANCSHARES NE","titleOfClass":"COM","cusip":"203937107","value":221514,"shares":8247,"shareType":"SH"},{"issuer":"NAVIGATOR HLDGS LTD","titleOfClass":"SHS","cusip":"Y62132108","value":219089,"shares":11760,"shareType":"SH","priorValue":227321,"priorShares":11760},{"issuer":"LITHIA MTRS INC","titleOfClass":"COM","cusip":"536797103","value":218330,"shares":752,"shareType":"SH"},{"issuer":"STEALTHGAS INC","titleOfClass":"SHS","cusip":"Y81669106","value":209350,"shares":26500,"shareType":"SH","priorValue":243270,"priorShares":26500},{"issuer":"ROCKWELL AUTOMATION INC","titleOfClass":"COM","cusip":"773903109","value":207439,"shares":419,"shareType":"SH"},{"issuer":"KRANESHARES TRUST","titleOfClass":"GBL HUMANOID ROB","cusip":"500767751","value":206100,"shares":5000,"shareType":"SH"},{"issuer":"VANGUARD INTL EQUITY INDEX F","titleOfClass":"FTSE EUROPE ETF","cusip":"922042874","value":203642,"shares":2300,"shareType":"SH"},{"issuer":"INTEGRA LIFESCIENCES HLDGS C","titleOfClass":"COM NEW","cusip":"457985208","value":192172,"shares":10700,"shareType":"SH","priorValue":100794,"priorShares":10700},{"issuer":"CANADIAN SOLAR INC","titleOfClass":"COM","cusip":"136635109","value":188475,"shares":11765,"shareType":"SH"},{"issuer":"CRITEO S A","titleOfClass":"SPONS ADS","cusip":"226718104","value":184628,"shares":10100,"shareType":"SH","priorValue":181093,"priorShares":10100},{"issuer":"VIATRIS INC","titleOfClass":"COM","cusip":"92556V106","value":174680,"shares":11000,"shareType":"SH","priorValue":148610,"priorShares":11000},{"issuer":"BAYTEX ENERGY CORP","titleOfClass":"COM","cusip":"07317Q105","value":165120,"shares":41280,"shareType":"SH"},{"issuer":"GEOSPACE TECHNOLOGIES CORP","titleOfClass":"COM","cusip":"37364X109","value":165086,"shares":24385,"shareType":"SH","priorValue":293788,"priorShares":24081},{"issuer":"ARCOS DORADOS HLDGS INC","titleOfClass":"SHS CLASS -A -","cusip":"G0457F107","value":155558,"shares":19300,"shareType":"SH","priorValue":162236,"priorShares":19665},{"issuer":"ADMA BIOLOGICS INC","titleOfClass":"COM","cusip":"000899104","value":148149,"shares":17700,"shareType":"SH"},{"issuer":"OCTAVE SPECIALTY GROUP INC","titleOfClass":"COM NEW","cusip":"023139884","value":133848,"shares":21450,"shareType":"SH","priorValue":99743,"priorShares":21450},{"issuer":"ORION S.A.","titleOfClass":"COM","cusip":"L72967109","value":127561,"shares":19240,"shareType":"SH","priorValue":125060,"priorShares":19240},{"issuer":"SAFE BULKERS INC","titleOfClass":"COM","cusip":"Y7388L103","value":104115,"shares":16500,"shareType":"SH","priorValue":104445,"priorShares":16500},{"issuer":"SPROTT FOCUS TR INC","titleOfClass":"COM","cusip":"85208J109","value":101607,"shares":10718,"shareType":"SH","priorValue":102250,"priorShares":10718},{"issuer":"LIFECORE BIOMEDICAL INC","titleOfClass":"COM","cusip":"514766104","value":92531,"shares":17625,"shareType":"SH","priorValue":58125,"priorShares":15625},{"issuer":"TITAN INTL INC ILL","titleOfClass":"COM","cusip":"88830M102","value":84347,"shares":10940,"shareType":"SH","priorValue":75595,"priorShares":10940},{"issuer":"CRONOS GROUP INC","titleOfClass":"COM","cusip":"22717L101","value":82914,"shares":29825,"shareType":"SH","priorValue":74861,"priorShares":29825},{"issuer":"SABLE OFFSHORE CORP","titleOfClass":"COM SHS","cusip":"78574H104","value":54682,"shares":17754,"shareType":"SH","priorValue":225151,"priorShares":13629},{"issuer":"ARQ INC","titleOfClass":"COM","cusip":"00770C101","value":28815,"shares":11300,"shareType":"SH","priorValue":28928,"priorShares":11300},{"issuer":"READING INTL INC","titleOfClass":"CL A","cusip":"755408101","value":24128,"shares":18850,"shareType":"SH","priorValue":21301,"priorShares":18850},{"issuer":"KOSMOS ENERGY LTD","titleOfClass":"COM","cusip":"500688106","value":23632,"shares":11200,"shareType":"SH","priorValue":31136,"priorShares":11200},{"issuer":"RING ENERGY INC","titleOfClass":"COM","cusip":"76680V108","value":21600,"shares":20000,"shareType":"SH","priorValue":30600,"priorShares":20000},{"issuer":"LARGO INC","titleOfClass":"COM","cusip":"517097101","value":8784,"shares":13850,"shareType":"SH","priorValue":15512,"priorShares":13850}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}