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 |
3M CO | COM | 88579Y101 | 208 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
AT&T INC | COM | 00206R102 | 1,277 | 33,857 | SH | | SOLE | | 33,857 | 0 | 0 |
ABBOTT LABS | COM | 002824100 | 1,575 | 32,402 | SH | | SOLE | | 32,402 | 0 | 0 |
ABERDEEN LATIN AMER EQTY FD | COM | 00306K106 | 675 | 29,142 | SH | | SOLE | | 29,142 | 0 | 0 |
AERCAP HOLDINGS NV | SHS | N00985106 | 517 | 11,144 | SH | | SOLE | | 11,144 | 0 | 0 |
AIR PRODS & CHEMS INC | COM | 009158106 | 545 | 3,812 | SH | | SOLE | | 3,812 | 0 | 0 |
ALLEGHANY CORP DEL | COM | 017175100 | 22,487 | 37,806 | SH | | SOLE | | 37,806 | 0 | 0 |
AMERCO | COM | 023586100 | 1,282 | 3,501 | SH | | SOLE | | 3,501 | 0 | 0 |
AMERICAN EXPRESS CO | COM | 025816109 | 783 | 9,291 | SH | | SOLE | | 9,291 | 0 | 0 |
AMERICAN NATL INS CO | COM | 028591105 | 1,651 | 14,171 | SH | | SOLE | | 14,171 | 0 | 0 |
AMGEN INC | COM | 031162100 | 1,204 | 6,994 | SH | | SOLE | | 6,994 | 0 | 0 |
ANIXTER INTL INC | COM | 035290105 | 313 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
ANNALY CAP MGMT INC | COM | 035710409 | 421 | 34,900 | SH | | SOLE | | 34,900 | 0 | 0 |
ANTERO RES CORP | COM | 03674X106 | 973 | 45,010 | SH | | SOLE | | 45,010 | 0 | 0 |
APPLE INC | COM | 037833100 | 1,447 | 10,049 | SH | | SOLE | | 10,049 | 0 | 0 |
APPLIED MATLS INC | COM | 038222105 | 668 | 16,167 | SH | | SOLE | | 16,167 | 0 | 0 |
ARGO GROUP INTL HLDGS LTD | COM | G0464B107 | 284 | 4,679 | SH | | SOLE | | 4,679 | 0 | 0 |
ATWOOD OCEANICS INC | COM | 050095108 | 172 | 21,145 | SH | | SOLE | | 21,145 | 0 | 0 |
BANK AMER CORP | COM | 060505104 | 447 | 18,440 | SH | | SOLE | | 18,440 | 0 | 0 |
BANK NEW YORK MELLON CORP | COM | 064058100 | 4,395 | 86,140 | SH | | SOLE | | 86,140 | 0 | 0 |
BERKLEY W R CORP | COM | 084423102 | 15,529 | 224,503 | SH | | SOLE | | 224,503 | 0 | 0 |
BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | 2,038 | 8 | SH | | SOLE | | 8 | 0 | 0 |
BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 47,589 | 280,978 | SH | | SOLE | | 280,978 | 0 | 0 |
BLACKSTONE GROUP L P | COM UNIT LTD | 09253U108 | 584 | 17,511 | SH | | SOLE | | 17,511 | 0 | 0 |
BLACKSTONE MTG TR INC | COM CL A | 09257W100 | 461 | 14,575 | SH | | SOLE | | 14,575 | 0 | 0 |
BOARDWALK PIPELINE PARTNERS | UT LTD PARTNER | 096627104 | 2,337 | 129,775 | SH | | SOLE | | 129,775 | 0 | 0 |
BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 | 1,758 | 23,270 | SH | | SOLE | | 23,270 | 0 | 0 |
BROOKFIELD ASSET MGMT INC | CL A LTD VT SH | 112585104 | 1,103 | 28,130 | SH | | SOLE | | 28,130 | 0 | 0 |
CNA FINL CORP | COM | 126117100 | 2,339 | 47,976 | SH | | SOLE | | 47,976 | 0 | 0 |
CABLE ONE INC | COM | 12685J105 | 515 | 725 | SH | | SOLE | | 725 | 0 | 0 |
CAMECO CORP | COM | 13321L108 | 110 | 12,103 | SH | | SOLE | | 12,103 | 0 | 0 |
CANADIAN NAT RES LTD | COM | 136385101 | 314 | 10,904 | SH | | SOLE | | 10,904 | 0 | 0 |
CARS COM INC | COM | 14575E105 | 1,336 | 50,151 | SH | | SOLE | | 50,151 | 0 | 0 |
CATHAY GEN BANCORP | COM | 149150104 | 410 | 10,800 | SH | | SOLE | | 10,800 | 0 | 0 |
CHEMOURS CO | COM | 163851108 | 227 | 5,989 | SH | | SOLE | | 5,989 | 0 | 0 |
CHESAPEAKE ENERGY CORP | COM | 165167107 | 129 | 25,875 | SH | | SOLE | | 25,875 | 0 | 0 |
CHEVRON CORP NEW | COM | 166764100 | 1,656 | 15,875 | SH | | SOLE | | 15,875 | 0 | 0 |
CHICAGO BRIDGE & IRON CO N V | COM | 167250109 | 1,722 | 87,258 | SH | | SOLE | | 87,258 | 0 | 0 |
CIMAREX ENERGY CO | COM | 171798101 | 4,469 | 47,541 | SH | | SOLE | | 47,541 | 0 | 0 |
CISCO SYS INC | COM | 17275R102 | 687 | 21,934 | SH | | SOLE | | 21,934 | 0 | 0 |
CLOROX CO DEL | COM | 189054109 | 208 | 1,558 | SH | | SOLE | | 1,558 | 0 | 0 |
COCA COLA CO | COM | 191216100 | 2,117 | 47,200 | SH | | SOLE | | 47,200 | 0 | 0 |
COMCAST CORP NEW | CL A | 20030N101 | 237 | 6,092 | SH | | SOLE | | 6,092 | 0 | 0 |
COMPASS MINERALS INTL INC | COM | 20451N101 | 261 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
CONOCOPHILLIPS | COM | 20825C104 | 1,205 | 27,407 | SH | | SOLE | | 27,407 | 0 | 0 |
CONSOL ENERGY INC | COM | 20854P109 | 156 | 10,450 | SH | | SOLE | | 10,450 | 0 | 0 |
CONSOLIDATED TOMOKA LD CO | COM | 210226106 | 2,043 | 35,875 | SH | | SOLE | | 35,875 | 0 | 0 |
CONTANGO OIL & GAS COMPANY | COM NEW | 21075N204 | 121 | 18,193 | SH | | SOLE | | 18,193 | 0 | 0 |
CORNING INC | COM | 219350105 | 591 | 19,670 | SH | | SOLE | | 19,670 | 0 | 0 |
COSTCO WHSL CORP NEW | COM | 22160K105 | 316 | 1,975 | SH | | SOLE | | 1,975 | 0 | 0 |
COVANTA HLDG CORP | COM | 22282E102 | 531 | 40,250 | SH | | SOLE | | 40,250 | 0 | 0 |
CROSS TIMBERS RTY TR | TR UNIT | 22757R109 | 1,162 | 75,870 | SH | | SOLE | | 75,870 | 0 | 0 |
DEVON ENERGY CORP NEW | COM | 25179M103 | 1,486 | 46,470 | SH | | SOLE | | 46,470 | 0 | 0 |
DIAMOND OFFSHORE DRILLING IN | COM | 25271C102 | 406 | 37,512 | SH | | SOLE | | 37,512 | 0 | 0 |
DORCHESTER MINERALS LP | COM UNIT | 25820R105 | 537 | 37,170 | SH | | SOLE | | 37,170 | 0 | 0 |
DOW CHEM CO | COM | 260543103 | 408 | 6,474 | SH | | SOLE | | 6,474 | 0 | 0 |
DU PONT E I DE NEMOURS & CO | COM | 263534109 | 2,272 | 28,148 | SH | | SOLE | | 28,148 | 0 | 0 |
EBAY INC | COM | 278642103 | 299 | 8,555 | SH | | SOLE | | 8,555 | 0 | 0 |
EDISON INTL | COM | 281020107 | 274 | 3,500 | SH | | SOLE | | 3,500 | 0 | 0 |
EMERSON ELEC CO | COM | 291011104 | 1,567 | 26,284 | SH | | SOLE | | 26,284 | 0 | 0 |
ENSCO PLC | SHS CLASS A | G3157S106 | 118 | 22,846 | SH | | SOLE | | 22,846 | 0 | 0 |
ENSTAR GROUP LIMITED | SHS | G3075P101 | 12,356 | 62,198 | SH | | SOLE | | 62,198 | 0 | 0 |
ENTERGY CORP NEW | COM | 29364G103 | 595 | 7,750 | SH | | SOLE | | 7,750 | 0 | 0 |
ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 224 | 8,266 | SH | | SOLE | | 8,266 | 0 | 0 |
EQT CORP | COM | 26884L109 | 229 | 3,900 | SH | | SOLE | | 3,900 | 0 | 0 |
EXXON MOBIL CORP | COM | 30231G102 | 399 | 4,946 | SH | | SOLE | | 4,946 | 0 | 0 |
FACEBOOK INC | CL A | 30303M102 | 217 | 1,436 | SH | | SOLE | | 1,436 | 0 | 0 |
FAIRFAX FINANCIAL HLDGS LTD | COM | 303901102 | 8,749 | 20,213 | SH | | SOLE | | 20,213 | 0 | 0 |
FOREST CITY RLTY TR INC | COM CL A | 345605109 | 2,993 | 123,820 | SH | | SOLE | | 123,820 | 0 | 0 |
FORTRESS INVESTMENT GROUP LL | CL A | 34958B106 | 855 | 107,050 | SH | | SOLE | | 107,050 | 0 | 0 |
GANNETT CO INC | COM | 36473H104 | 690 | 79,165 | SH | | SOLE | | 79,165 | 0 | 0 |
GENER8 MARITIME INC | COM | Y26889108 | 100 | 17,500 | SH | | SOLE | | 17,500 | 0 | 0 |
GENERAL DYNAMICS CORP | COM | 369550108 | 786 | 3,966 | SH | | SOLE | | 3,966 | 0 | 0 |
GENERAL ELECTRIC CO | COM | 369604103 | 380 | 14,068 | SH | | SOLE | | 14,068 | 0 | 0 |
GENERAL AMERN INVS INC | COM | 368802104 | 4,928 | 143,468 | SH | | SOLE | | 143,468 | 0 | 0 |
GEOSPACE TECHNOLOGIES CORP | COM | 37364X109 | 520 | 37,595 | SH | | SOLE | | 37,595 | 0 | 0 |
GOLUB CAP BDC INC | COM | 38173M102 | 323 | 16,900 | SH | | SOLE | | 16,900 | 0 | 0 |
GRAHAM HLDGS CO | COM | 384637104 | 435 | 725 | SH | | SOLE | | 725 | 0 | 0 |
GRAN TIERRA ENERGY INC | COM | 38500T101 | 27 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
GREIF INC | CL B | 397624206 | 1,664 | 27,557 | SH | | SOLE | | 27,557 | 0 | 0 |
HALLADOR ENERGY COMPANY | COM | 40609P105 | 140 | 18,053 | SH | | SOLE | | 18,053 | 0 | 0 |
HARTFORD FINL SVCS GROUP INC | COM | 416515104 | 557 | 10,600 | SH | | SOLE | | 10,600 | 0 | 0 |
HELMERICH & PAYNE INC | COM | 423452101 | 1,978 | 36,400 | SH | | SOLE | | 36,400 | 0 | 0 |
IDT CORP | CL B NEW | 448947507 | 188 | 13,096 | SH | | SOLE | | 13,096 | 0 | 0 |
INTEL CORP | COM | 458140100 | 410 | 12,161 | SH | | SOLE | | 12,161 | 0 | 0 |
INTERNATIONAL BUSINESS MACHS | COM | 459200101 | 2,199 | 14,293 | SH | | SOLE | | 14,293 | 0 | 0 |
INTL PAPER CO | COM | 460146103 | 894 | 15,798 | SH | | SOLE | | 15,798 | 0 | 0 |
JOHNSON & JOHNSON | COM | 478160104 | 4,030 | 30,465 | SH | | SOLE | | 30,465 | 0 | 0 |
JPMORGAN CHASE & CO | COM | 46625H100 | 209 | 2,284 | SH | | SOLE | | 2,284 | 0 | 0 |
KLONDEX MNS LTD | COM | 498696103 | 37 | 11,000 | SH | | SOLE | | 11,000 | 0 | 0 |
LENNAR CORP | CL B | 526057302 | 1,075 | 23,900 | SH | | SOLE | | 23,900 | 0 | 0 |
LEUCADIA NATL CORP | COM | 527288104 | 12,507 | 478,096 | SH | | SOLE | | 478,096 | 0 | 0 |
LIBERTY BROADBAND CORP | COM SER A | 530307107 | 211 | 2,454 | SH | | SOLE | | 2,454 | 0 | 0 |
LIBERTY BROADBAND CORP | COM SER C | 530307305 | 584 | 6,730 | SH | | SOLE | | 6,730 | 0 | 0 |
LIBERTY GLOBAL PLC | SHS CL C | G5480U120 | 399 | 12,800 | SH | | SOLE | | 12,800 | 0 | 0 |
LIBERTY MEDIA CORP DELAWARE | COM C BRAVES GRP | 531229888 | 299 | 12,483 | SH | | SOLE | | 12,483 | 0 | 0 |
LIONS GATE ENTMNT CORP | CL B NON VTG | 535919500 | 207 | 7,882 | SH | | SOLE | | 7,882 | 0 | 0 |
LOEWS CORP | COM | 540424108 | 14,465 | 309,019 | SH | | SOLE | | 309,019 | 0 | 0 |
MARATHON OIL CORP | COM | 565849106 | 537 | 45,281 | SH | | SOLE | | 45,281 | 0 | 0 |
MARKEL CORP | COM | 570535104 | 17,468 | 17,900 | SH | | SOLE | | 17,900 | 0 | 0 |
MCDERMOTT INTL INC | COM | 580037109 | 165 | 23,000 | SH | | SOLE | | 23,000 | 0 | 0 |
MERCK & CO INC | COM | 58933Y105 | 312 | 4,869 | SH | | SOLE | | 4,869 | 0 | 0 |
METHANEX CORP | COM | 59151K108 | 410 | 9,300 | SH | | SOLE | | 9,300 | 0 | 0 |
METLIFE INC | COM | 59156R108 | 654 | 11,909 | SH | | SOLE | | 11,909 | 0 | 0 |
MICROSOFT CORP | COM | 594918104 | 5,243 | 76,064 | SH | | SOLE | | 76,064 | 0 | 0 |
MONMOUTH REAL ESTATE INVT CO | CL A | 609720107 | 1,107 | 73,528 | SH | | SOLE | | 73,528 | 0 | 0 |
NABORS INDUSTRIES LTD | SHS | G6359F103 | 85 | 10,400 | SH | | SOLE | | 10,400 | 0 | 0 |
NEW MEDIA INVT GROUP INC | COM | 64704V106 | 343 | 25,456 | SH | | SOLE | | 25,456 | 0 | 0 |
NOBLE CORP PLC | SHS USD | G65431101 | 133 | 36,675 | SH | | SOLE | | 36,675 | 0 | 0 |
NOVARTIS A G | SPONSORED ADR | 66987V109 | 728 | 8,724 | SH | | SOLE | | 8,724 | 0 | 0 |
NOW INC | COM | 67011P100 | 2,542 | 158,062 | SH | | SOLE | | 158,062 | 0 | 0 |
OAK VALLEY BANCORP OAKDALE C | COM | 671807105 | 363 | 26,125 | SH | | SOLE | | 26,125 | 0 | 0 |
OAKTREE CAP GROUP LLC | UNIT CL A | 674001201 | 712 | 15,280 | SH | | SOLE | | 15,280 | 0 | 0 |
OCCIDENTAL PETE CORP DEL | COM | 674599105 | 533 | 8,911 | SH | | SOLE | | 8,911 | 0 | 0 |
OFG BANCORP | COM | 67103X102 | 299 | 29,916 | SH | | SOLE | | 29,916 | 0 | 0 |
PICO HLDGS INC | COM NEW | 693366205 | 2,228 | 127,292 | SH | | SOLE | | 127,292 | 0 | 0 |
PATTERSON UTI ENERGY INC | COM | 703481101 | 699 | 34,600 | SH | | SOLE | | 34,600 | 0 | 0 |
PAYPAL HLDGS INC | COM | 70450Y103 | 462 | 8,603 | SH | | SOLE | | 8,603 | 0 | 0 |
PEPSICO INC | COM | 713448108 | 374 | 3,242 | SH | | SOLE | | 3,242 | 0 | 0 |
PERMIAN BASIN RTY TR | UNIT BEN INT | 714236106 | 665 | 76,450 | SH | | SOLE | | 76,450 | 0 | 0 |
PFIZER INC | COM | 717081103 | 626 | 18,635 | SH | | SOLE | | 18,635 | 0 | 0 |
PG&E CORP | COM | 69331C108 | 261 | 3,936 | SH | | SOLE | | 3,936 | 0 | 0 |
PNC FINL SVCS GROUP INC | COM | 693475105 | 771 | 6,171 | SH | | SOLE | | 6,171 | 0 | 0 |
PROCTER AND GAMBLE CO | COM | 742718109 | 348 | 3,993 | SH | | SOLE | | 3,993 | 0 | 0 |
REIS INC | COM | 75936P105 | 200 | 9,400 | SH | | SOLE | | 9,400 | 0 | 0 |
RENAISSANCERE HOLDINGS LTD | COM | G7496G103 | 236 | 1,700 | SH | | SOLE | | 1,700 | 0 | 0 |
RESOLUTE FST PRODS INC | COM | 76117W109 | 45 | 10,300 | SH | | SOLE | | 10,300 | 0 | 0 |
ROYCE GLOBAL VALUE TR INC | COM | 78081T104 | 99 | 10,300 | SH | | SOLE | | 10,300 | 0 | 0 |
ROYCE MICRO-CAP TR INC | COM | 780915104 | 1,262 | 145,920 | SH | | SOLE | | 145,920 | 0 | 0 |
ROYCE VALUE TR INC | COM | 780910105 | 1,155 | 79,179 | SH | | SOLE | | 79,179 | 0 | 0 |
RPC INC | COM | 749660106 | 7,915 | 391,662 | SH | | SOLE | | 391,662 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 432 | 1,788 | SH | | SOLE | | 1,788 | 0 | 0 |
SABINE ROYALTY TR | UNIT BEN INT | 785688102 | 1,405 | 36,264 | SH | | SOLE | | 36,264 | 0 | 0 |
SAN JUAN BASIN RTY TR | UNIT BEN INT | 798241105 | 968 | 142,097 | SH | | SOLE | | 142,097 | 0 | 0 |
SCRIPPS E W CO OHIO | CL A NEW | 811054402 | 688 | 38,633 | SH | | SOLE | | 38,633 | 0 | 0 |
SEMPRA ENERGY | COM | 816851109 | 460 | 4,077 | SH | | SOLE | | 4,077 | 0 | 0 |
SNYDERS-LANCE INC | COM | 833551104 | 446 | 12,886 | SH | | SOLE | | 12,886 | 0 | 0 |
SOLITARIO EXPL & RTY CORP | COM | 8342EP107 | 10 | 14,300 | SH | | SOLE | | 14,300 | 0 | 0 |
SOURCE CAP INC | COM | 836144105 | 2,402 | 62,158 | SH | | SOLE | | 62,158 | 0 | 0 |
SYSCO CORP | COM | 871829107 | 777 | 15,442 | SH | | SOLE | | 15,442 | 0 | 0 |
TCW STRATEGIC INCOME FUND IN | COM | 872340104 | 332 | 58,918 | SH | | SOLE | | 58,918 | 0 | 0 |
TEGNA INC | COM | 87901J105 | 2,288 | 158,810 | SH | | SOLE | | 158,810 | 0 | 0 |
SOUTHERN CO | COM | 842587107 | 405 | 8,466 | SH | | SOLE | | 8,466 | 0 | 0 |
TOTAL S A | SPONSORED ADR | 89151E109 | 425 | 8,561 | SH | | SOLE | | 8,561 | 0 | 0 |
TRI POINTE GROUP INC | COM | 87265H109 | 3,064 | 232,260 | SH | | SOLE | | 232,260 | 0 | 0 |
TRINITY PL HLDGS INC | COM | 89656D101 | 86 | 12,038 | SH | | SOLE | | 12,038 | 0 | 0 |
US BANCORP DEL | COM NEW | 902973304 | 1,121 | 21,591 | SH | | SOLE | | 21,591 | 0 | 0 |
UNITED SECURITY BANCSHARES C | COM | 911460103 | 195 | 21,049 | SH | | SOLE | | 21,049 | 0 | 0 |
V F CORP | COM | 918204108 | 438 | 7,600 | SH | | SOLE | | 7,600 | 0 | 0 |
VANGUARD SPECIALIZED PORTFOL | DIV APP ETF | 921908844 | 1,995 | 21,523 | SH | | SOLE | | 21,523 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | 391 | 7,100 | SH | | SOLE | | 7,100 | 0 | 0 |
VERIZON COMMUNICATIONS INC | COM | 92343V104 | 515 | 11,521 | SH | | SOLE | | 11,521 | 0 | 0 |
VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 | 643 | 22,376 | SH | | SOLE | | 22,376 | 0 | 0 |
W & T OFFSHORE INC | COM | 92922P106 | 30 | 15,250 | SH | | SOLE | | 15,250 | 0 | 0 |
WELLS FARGO CO NEW | COM | 949746101 | 1,361 | 24,561 | SH | | SOLE | | 24,561 | 0 | 0 |
WESTAMERICA BANCORPORATION | COM | 957090103 | 4,473 | 79,812 | SH | | SOLE | | 79,812 | 0 | 0 |
WEYERHAEUSER CO | COM | 962166104 | 959 | 28,613 | SH | | SOLE | | 28,613 | 0 | 0 |
WHITE MTNS INS GROUP LTD | COM | G9618E107 | 26,058 | 29,999 | SH | | SOLE | | 29,999 | 0 | 0 |
ZOETIS INC | CL A | 98978V103 | 205 | 3,286 | SH | | SOLE | | 3,286 | 0 | 0 |