Fund portfolio

Central Securities

Ticker	Change	% of portfolio	Shares	Value
GOOG(L) history	−5%	9.49%	400,000	$115,024,000
ADI history	−3%	9.19%	350,000	$111,349,000
PGR history		6.54%	400,000	$79,296,000
SCHW history	−13%	5.43%	700,000	$65,786,000
COF history	+5%	5.27%	350,000	$63,850,500
MSI history		5.01%	140,000	$60,755,800
KEYS history		4.66%	200,000	$56,474,000
AMZN history		4.47%	260,000	$54,150,200
CVX history		4.38%	256,250	$53,018,125
META history		4.25%	90,000	$51,491,700
879360105 history		3.5%	70,000	$42,350,700
AXP history		3.5%	140,000	$42,347,200
JPM history		3.4%	140,000	$41,182,400
SUNB history	NEW	3.22%	600,000	$39,054,000
MSFT history		2.44%	80,000	$29,613,600
AJG history	+29%	2.41%	135,000	$29,238,300
TSM history		2.23%	80,000	$27,036,000
MELI history	+19%	2.21%	15,500	$26,799,810
NKE history		2.18%	500,000	$26,410,000
754907103 history		2.14%	1,260,130	$25,983,881
AON history	−20%	2.13%	80,000	$25,822,400
V history		1.87%	75,000	$22,668,000
MDT history		1.79%	250,000	$21,662,500
MRK history		1.49%	150,000	$18,043,500
EFX history	NEW	1.49%	100,000	$18,007,000
776696106 history		1.46%	50,000	$17,693,000
JNJ history	−13%	1.41%	70,000	$17,110,800
104674106 history		1.34%	200,000	$16,248,000
87318A101 history	+5%	0.76%	500,000	$9,195,000
WSC history		0.32%	225,000	$3,906,000
COHR history	SOLD	—	—	—