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

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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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 206,417 1,815,621 SH   SOLE   531,152 13,795 1,270,674
APPLE INC COM 037833100 908 6,644 SH   SOLE   0 0 6,644
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 86,018 315,299 SH   SOLE   9,900 1,472 303,927
DAILY JOURNAL CORP COM 233912104 73,305 283,496 SH   SOLE   37,341 7,802 238,353
EXXON MOBIL CORP COM 30231G102 141,254 1,649,316 SH   SOLE   190,498 0 1,458,818
FIRST AMERN FINL CORP COM 31847R102 816 15,417 SH   SOLE   0 0 15,417
INTERNATIONAL BUSINESS MACHS COM 459200101 7,193 50,946 SH   SOLE   8,797 0 42,149
KRAFT HEINZ CO COM 500754106 100,939 2,646,262 SH   SOLE   40,470 0 2,605,792
MCDONALDS CORP COM 580135101 234 949 SH   SOLE   0 0 949
MICROSOFT CORP COM 594918104 26,005 101,252 SH   SOLE   49,677 0 51,575
POSCO HOLDINGS INC SPONSORED ADR 693483109 4,945 111,027 SH   SOLE   0 0 111,027
REPUBLIC SVCS INC COM 760759100 1,498 11,443 SH   SOLE   134 0 11,309
WABASH NATL CORP COM 929566107 6,148 452,680 SH   SOLE   6,520 0 446,160
WELLS FARGO CO NEW COM 949746101 94,988 2,424,821 SH   SOLE   302,496 0 2,122,325