| HORIZON KINETICS ASSET MANAGEMENT LLC | 9,802,899 | $4.3bn | 48.6% |
| BlackRock, Inc. | 5,296,254 | $2.3bn | 0.0% |
| STATE STREET CORP | 3,964,748 | $1.7bn | 0.1% |
| VANGUARD CAPITAL MANAGEMENT LLC | 3,808,863 | $1.7bn | 0.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 3,184,079 | $1.4bn | 0.1% |
| GEODE CAPITAL MANAGEMENT, LLC | 1,646,584 | $717.9m | 0.0% |
| FIRST MANHATTAN CO. LLC. | 1,064,741 | $466.0m | 1.2% |
| SoftVest Advisors, LLC | 1,062,099 | $464.8m | 50.5% |
| MORGAN STANLEY | 972,321 | $425.5m | 0.0% |
| Invesco Ltd. | 715,743 | $313.2m | 0.0% |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 647,812 | $283.5m | 0.0% |
| Pacific Heights Asset Management LLC | 590,000 | $258.2m | 8.2% |
| NORTHERN TRUST CORP | 540,628 | $236.6m | 0.0% |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 477,430 | $208.9m | 0.0% |
| UBS Group AG | 445,744 | $195.1m | 0.0% |
| DIMENSIONAL FUND ADVISORS LP | 442,988 | $193.8m | 0.0% |
| SCHWARTZ INVESTMENT COUNSEL INC | 413,457 | $180.9m | 6.0% |
| Legal & General Group Plc | 350,454 | $153.4m | 0.0% |
| Bank of New York Mellon Corp | 340,777 | $149.1m | 0.0% |
| VANGUARD FIDUCIARY TRUST CO | 333,823 | $146.1m | 0.0% |
| GOLDMAN SACHS GROUP INC | 318,614 | $139.4m | 0.0% |
| Tidal Investments LLC | 310,603 | $135.9m | 0.2% |
| TD Asset Management Inc | 303,908 | $133.0m | 0.1% |
| Amundi | 290,162 | $127.0m | 0.0% |
| MAD RIVER INVESTORS | 285,330 | $124.9m | 46.6% |