The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN EXPRESS CO COM 025816109 8,072 82,363 SH   SOLE   79,443 0 2,920
AMERICAN INTL GROUP INC COM NEW 026874784 7,625 143,812 SH   SOLE   138,651 0 5,161
APPLE INC COM 037833100 4,960 26,796 SH   SOLE   25,865 0 931
APTIV PLC SHS G6095L109 10,667 116,412 SH   SOLE   112,212 0 4,200
BANK AMER CORP COM 060505104 10,420 369,622 SH   SOLE   357,320 0 12,302
BANK AMER CORP 7.25% CNV PFD L 060505682 1,528 1,222 SH   SOLE   1,215 0 7
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 10,802 57,872 SH   SOLE   55,872 0 2,000
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 10,539 413,280 SH   SOLE   399,030 0 14,250
DXC TECHNOLOGY CO COM 23355L106 7,153 88,732 SH   SOLE   85,752 0 2,980
ENSCO PLC SHS CLASS A G3157S106 8,503 1,171,242 SH   SOLE   1,131,141 0 40,101
FIRST AMERN FINL CORP COM 31847R102 398 7,700 SH   SOLE   7,700 0 0
GABELLI GLB SML & MD CP VAL COM 36249W104 163 13,428 SH   SOLE   13,428 0 0
HCA HEALTHCARE INC COM 40412C101 11,206 109,221 SH   SOLE   105,371 0 3,850
ISHARES TR CALIF MUN BD ETF 464288356 211 3,600 SH   SOLE   3,600 0 0
MCKESSON CORP COM 58155Q103 6,624 49,654 SH   SOLE   47,884 0 1,770
MRC GLOBAL INC COM 55345K103 249 11,510 SH   SOLE   10,810 0 700
NEWMONT MINING CORP COM 651639106 7,642 202,651 SH   SOLE   195,529 0 7,122
NOW INC. COM 67011P100 3,852 288,975 SH   SOLE   280,165 0 8,810
OLD REP INTL CORP COM 680223104 8,148 409,252 SH   SOLE   395,573 0 13,679
PERSPECTA INC COM 715347100 8,893 432,729 SH   SOLE   417,579 0 15,150
SCIENCE APPLICATIONS INTL CP N COM 808625107 1,702 21,036 SH   SOLE   20,429 0 607
SEABOARD CORP COM 811543107 9,895 2,497 SH   SOLE   2,406 0 91
SEARS HLDGS CORP *W EXP 12/15/2019 812350155 4 29,518 SH   SOLE   28,734 0 784
SERITAGE GROWTH PPTYS CL A 81752R100 9,794 230,834 SH   SOLE   222,894 0 7,940
SPDR SERIES TRUST PORTFOLIO SHORT 78464A474 2,467 81,810 SH   SOLE   81,510 0 300
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 331 28,993 SH   SOLE   28,993 0 0
YY INC ADS REPCOM CLA 98426T106 9,096 90,539 SH   SOLE   87,429 0 3,110