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 8,998 84,499 SH   SOLE   81,579 0 2,920
APPLE INC COM 037833100 5,452 24,153 SH   SOLE   23,302 0 851
APTIV PLC SHS G6095L109 9,698 115,585 SH   SOLE   111,385 0 4,200
BANK AMER CORP COM 060505104 4,192 142,283 SH   SOLE   138,983 0 3,300
BANK AMER CORP 7.25% CNV PFD L 060505682 1,570 1,213 SH   SOLE   1,206 0 7
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 12,390 57,866 SH   SOLE   55,866 0 2,000
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 12,216 412,997 SH   SOLE   398,747 0 14,250
ENSCO PLC SHS CLASS A G3157S106 9,927 1,176,244 SH   SOLE   1,136,142 0 40,102
FIRST AMERN FINL CORP COM 31847R102 397 7,700 SH   SOLE   7,700 0 0
GABELLI GLB SML & MD CP VAL COM 36249W104 170 13,928 SH   SOLE   13,928 0 0
HCA HEALTHCARE INC COM 40412C101 15,189 109,181 SH   SOLE   105,330 0 3,851
MCKESSON CORP COM 58155Q103 5,398 40,694 SH   SOLE   39,144 0 1,550
MRC GLOBAL INC COM 55345K103 216 11,510 SH   SOLE   10,810 0 700
NEWMONT MINING CORP COM 651639106 6,121 202,683 SH   SOLE   195,661 0 7,022
NOW INC. COM 67011P100 4,767 288,058 SH   SOLE   279,248 0 8,810
OLD REP INTL CORP COM 680223104 9,145 408,618 SH   SOLE   394,936 0 13,682
PERSPECTA INC COM 715347100 11,216 436,063 SH   SOLE   420,913 0 15,150
PG&E CROP COM 69331C108 9,764 212,225 SH   SOLE   204,815 0 7,410
SCHWAB STRATEGIC TR US TIPS ETF 808524870 854 15,829 SH   SOLE   15,829 0 0
SCIENCE APPLICATIONS INTL CP N COM 808625107 1,670 20,719 SH   SOLE   20,112 0 607
SEABOARD CORP COM 811543107 8,908 2,401 SH   SOLE   2,312 0 89
SEARS HLDGS CORP *W EXP 12/15/2019 812350155 1 29,484 SH   SOLE   28,700 0 784
SERITAGE GROWTH PPTYS CL A 81752R100 6,017 126,693 SH   SOLE   122,303 0 4,390
SPDR SERIES TRUST PORTFOLIO SHORT 78464A474 2,298 76,155 SH   SOLE   75,855 0 300
VISTA OUTDOOR INC COM 928377100 11,248 628,748 SH   SOLE   607,448 0 21,300
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 322 28,593 SH   SOLE   28,593 0 0
YY INC ADS REPCOM CLA 98426T106 3,350 44,712 SH   SOLE   43,052 0 1,660