The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it 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 |
| ALLEGHANY CORP DEL | COM | 017175100 | 2,584 | 4,335 | SH | SOLE | 835 | 0 | 3,500 | ||
| ALPHABET INC | CAP STK CL A | 02079k305 | 2,572 | 2,442 | SH | SOLE | 2,100 | 0 | 342 | ||
| ALPHABET INC | CAP STK CL C | 02079k107 | 16,968 | 16,216 | SH | SOLE | 12,680 | 0 | 3,536 | ||
| AMERICAN AIRLS GROUP INC | COM | 02376r102 | 7,456 | 143,300 | SH | SOLE | 126,100 | 0 | 17,200 | ||
| BARRICK GOLD CORP | COM | 067901108 | 29,638 | 2,048,235 | SH | SOLE | 1,579,995 | 0 | 468,240 | ||
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 13,302 | 67,109 | SH | SOLE | 43,651 | 0 | 23,458 | ||
| BUILDERS FIRSTSOURCE INC | COM | 12008r107 | 4,441 | 203,800 | SH | SOLE | 203,800 | 0 | 0 | ||
| DILLARDS INC | CL A | 254067101 | 1,501 | 25,000 | SH | SOLE | 25,000 | 0 | 0 | ||
| FEDERATED INVS INC PA | CL B | 314211103 | 15,887 | 440,318 | SH | SOLE | 315,738 | 0 | 124,580 | ||
| HP INC | COM | 40434l105 | 13,584 | 646,569 | SH | SOLE | 512,774 | 0 | 133,795 | ||
| LEUCADIA NATL CORP | COM | 527288104 | 13,909 | 525,051 | SH | SOLE | 380,547 | 0 | 144,504 | ||
| MACYS INC | COM | 55616p104 | 2,771 | 110,000 | SH | SOLE | 110,000 | 0 | 0 | ||
| OAKTREE CAP GROUP LLC | UNIT CL A | 674001201 | 4,197 | 99,700 | SH | SOLE | 65,300 | 0 | 34,400 | ||
| SEARS HLDGS CORP | COM | 812350106 | 140 | 39,182 | SH | SOLE | 10,239 | 0 | 28,943 | ||
| SPECTRUM BRANDS HLDGS INC | COM | 84763r101 | 9,351 | 83,190 | SH | SOLE | 64,845 | 0 | 18,345 | ||
| SYSTEMAX INC | COM | 871851101 | 9,792 | 294,330 | SH | SOLE | 232,614 | 0 | 61,716 | ||
| VERIZON COMMUNICATIONS INC | COM | 92343v104 | 11,593 | 219,034 | SH | SOLE | 165,836 | 0 | 53,198 | ||
| WHITE MTNS INS GROUP LTD | COM | g9618e107 | 7,268 | 8,538 | SH | SOLE | 6,953 | 0 | 1,585 | ||
| WPX ENERGY INC | COM | 98212b103 | 36,377 | 2,585,462 | SH | SOLE | 1,998,837 | 0 | 586,625 | ||
| WPX ENERGY INC | PFD SER A CV | 98212b202 | 297 | 4,800 | SH | SOLE | 1,395 | 0 | 3,405 | ||
| CENTRAL FD CDA LTD | CL A | 153501101 | 308 | 23,000 | SH | SOLE | 23,000 | 0 | 0 | ||