Instuitional Investor - Regency Capital Management Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Berkshire Hathaway Inc	BRK.A	30,086	$14,614,876	7.67%
2.	Costco Wholesale Corp W	COST	13,992	$13,851,240	7.27%
3.	Markel Group Inc.	MKL	6,807	$13,596,030	7.13%
4.	Chubb Ltd	CB	38,054	$11,025,005	5.78%
5.	Ishares Trust	IAU	171,052	$10,666,803	5.6%