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 |
GANNETT CO INC | COM | 36473H104 | 541 | 51,325 | SH | | SOLE | | 51,325 | 0 | 0 |
SEMPRA ENERGY | COM | 816851109 | 431 | 3,422 | SH | | SOLE | | 3,422 | 0 | 0 |
NAVIOS MARITIME PARTNERS L P | UNIT LPI | Y62267102 | 31 | 33,693 | SH | | SOLE | | 33,693 | 0 | 0 |
EBAY INC | COM | 278642103 | 236 | 6,365 | SH | | SOLE | | 6,365 | 0 | 0 |
AMERICAS CAR MART INC | COM | 03062T105 | 277 | 3,030 | SH | | SOLE | | 3,030 | 0 | 0 |
JOHNSON & JOHNSON | COM | 478160104 | 3,164 | 22,631 | SH | | SOLE | | 22,631 | 0 | 0 |
DISCOVERY INC | COM SER C | 25470F302 | 1,001 | 39,398 | SH | | SOLE | | 39,398 | 0 | 0 |
COVANTA HLDG CORP | COM | 22282E102 | 697 | 40,250 | SH | | SOLE | | 40,250 | 0 | 0 |
VANGUARD WHITEHALL FDS INC | INTL DVD ETF | 921946810 | 311 | 4,820 | SH | | SOLE | | 4,820 | 0 | 0 |
COSTCO WHSL CORP NEW | COM | 22160K105 | 600 | 2,479 | SH | | SOLE | | 2,479 | 0 | 0 |
CROSS TIMBERS RTY TR | TR UNIT | 22757R109 | 1,486 | 130,386 | SH | | SOLE | | 130,385 | 0 | 0 |
PERMIAN BASIN RTY TR | UNIT BEN INT | 714236106 | 508 | 67,543 | SH | | SOLE | | 67,543 | 0 | 0 |
SABINE ROYALTY TR | UNIT BEN INT | 785688102 | 1,723 | 37,140 | SH | | SOLE | | 37,139 | 0 | 0 |
LIBERTY MEDIA CORP DELAWARE | COM C BRAVES GRP | 531229888 | 272 | 9,794 | SH | | SOLE | | 9,794 | 0 | 0 |
PROCTER AND GAMBLE CO | COM | 742718109 | 433 | 4,164 | SH | | SOLE | | 4,163 | 0 | 0 |
OCCIDENTAL PETE CORP | COM | 674599105 | 686 | 10,357 | SH | | SOLE | | 10,357 | 0 | 0 |
INTEL CORP | COM | 458140100 | 521 | 9,702 | SH | | SOLE | | 9,702 | 0 | 0 |
CLOROX CO DEL | COM | 189054109 | 241 | 1,500 | SH | | SOLE | | 1,500 | 0 | 0 |
AMERCO | COM | 023586100 | 1,798 | 4,841 | SH | | SOLE | | 4,841 | 0 | 0 |
TIDEWATER INC NEW | COM | 88642R109 | 1,439 | 62,060 | SH | | SOLE | | 62,060 | 0 | 0 |
EAGLE BULK SHIPPING INC | SHS NEW | Y2187A143 | 87 | 18,654 | SH | | SOLE | | 18,654 | 0 | 0 |
SANOFI | SPONSORED ADR | 80105N105 | 226 | 5,100 | SH | | SOLE | | 5,100 | 0 | 0 |
MERCK & CO INC | COM | 58933Y105 | 323 | 3,882 | SH | | SOLE | | 3,882 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 429 | 1,519 | SH | | SOLE | | 1,519 | 0 | 0 |
EMERSON ELEC CO | COM | 291011104 | 1,666 | 24,331 | SH | | SOLE | | 24,330 | 0 | 0 |
AMERICAN NATL INS CO | COM | 028591105 | 1,431 | 11,843 | SH | | SOLE | | 11,843 | 0 | 0 |
ANNALY CAP MGMT INC | COM | 035710409 | 160 | 16,000 | SH | | SOLE | | 16,000 | 0 | 0 |
ALASKA AIR GROUP INC | COM | 011659109 | 230 | 4,100 | SH | | SOLE | | 4,100 | 0 | 0 |
CORNING INC | COM | 219350105 | 500 | 15,120 | SH | | SOLE | | 15,120 | 0 | 0 |
CONTURA ENERGY INC | COM | 21241B100 | 508 | 8,768 | SH | | SOLE | | 8,768 | 0 | 0 |
BANK NEW YORK MELLON CORP | COM | 064058100 | 4,313 | 85,522 | SH | | SOLE | | 85,522 | 0 | 0 |
TEGNA INC | COM | 87901J105 | 1,670 | 118,405 | SH | | SOLE | | 118,405 | 0 | 0 |
VERIZON COMMUNICATIONS INC | COM | 92343V104 | 316 | 5,352 | SH | | SOLE | | 5,352 | 0 | 0 |
PEPSICO INC | COM | 713448108 | 353 | 2,878 | SH | | SOLE | | 2,878 | 0 | 0 |
RAMACO RES INC | COM | 75134P303 | 64 | 11,100 | SH | | SOLE | | 11,100 | 0 | 0 |
C&J ENERGY SVCS INC NEW | COM | 12674R100 | 467 | 30,095 | SH | | SOLE | | 30,095 | 0 | 0 |
US BANCORP DEL | COM NEW | 902973304 | 456 | 9,463 | SH | | SOLE | | 9,463 | 0 | 0 |
BRIGHTHOUSE FINL INC | COM | 10922N103 | 402 | 11,076 | SH | | SOLE | | 11,076 | 0 | 0 |
DOWDUPONT INC | COM | 26078J100 | 2,017 | 37,830 | SH | | SOLE | | 37,830 | 0 | 0 |
SOUTHERN CO | COM | 842587107 | 356 | 6,890 | SH | | SOLE | | 6,890 | 0 | 0 |
BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 | 1,975 | 19,050 | SH | | SOLE | | 19,050 | 0 | 0 |
SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 | 590 | 8,671 | SH | | SOLE | | 8,671 | 0 | 0 |
CENTURYLINK INC | COM | 156700106 | 645 | 53,801 | SH | | SOLE | | 53,801 | 0 | 0 |
CENOVUS ENERGY INC | COM | 15135U109 | 316 | 36,395 | SH | | SOLE | | 36,395 | 0 | 0 |
CARS COM INC | COM | 14575E105 | 909 | 39,872 | SH | | SOLE | | 39,872 | 0 | 0 |
PATTERSON UTI ENERGY INC | COM | 703481101 | 492 | 35,125 | SH | | SOLE | | 35,125 | 0 | 0 |
BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 52,242 | 260,053 | SH | | SOLE | | 260,053 | 0 | 0 |
WEYERHAEUSER CO | COM | 962166104 | 625 | 23,739 | SH | | SOLE | | 23,739 | 0 | 0 |
SOLAR CAP LTD | COM | 83413U100 | 245 | 11,763 | SH | | SOLE | | 11,763 | 0 | 0 |
COMCAST CORP NEW | CL A | 20030N101 | 385 | 9,618 | SH | | SOLE | | 9,617 | 0 | 0 |
MICROSOFT CORP | COM | 594918104 | 6,760 | 57,319 | SH | | SOLE | | 57,319 | 0 | 0 |
CANADIAN NAT RES LTD | COM | 136385101 | 1,334 | 48,519 | SH | | SOLE | | 48,519 | 0 | 0 |
JEFFERIES FINL GROUP INC | COM | 47233W109 | 10,900 | 580,110 | SH | | SOLE | | 580,109 | 0 | 0 |
V F CORP | COM | 918204108 | 661 | 7,600 | SH | | SOLE | | 7,600 | 0 | 0 |
SOLITARIO ZINC CORP | COM | 8342EP107 | 6 | 14,300 | SH | | SOLE | | 14,300 | 0 | 0 |
ST JOE CO | COM | 790148100 | 602 | 36,501 | SH | | SOLE | | 36,501 | 0 | 0 |
MONMOUTH REAL ESTATE INVT CO | CL A | 609720107 | 756 | 57,340 | SH | | SOLE | | 57,340 | 0 | 0 |
BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | 2,410 | 8 | SH | | SOLE | | 8 | 0 | 0 |
ROYCE MICRO-CAP TR INC | COM | 780915104 | 1,197 | 143,713 | SH | | SOLE | | 143,712 | 0 | 0 |
ARGO GROUP INTL HLDGS LTD | COM | G0464B107 | 332 | 4,700 | SH | | SOLE | | 4,700 | 0 | 0 |
ISTAR INC | COM | 45031U101 | 891 | 105,820 | SH | | SOLE | | 105,820 | 0 | 0 |
TEJON RANCH CO | COM | 879080109 | 196 | 11,112 | SH | | SOLE | | 11,112 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | 331 | 6,165 | SH | | SOLE | | 6,165 | 0 | 0 |
BROOKFIELD ASSET MGMT INC | CL A LTD VT SH | 112585104 | 987 | 21,151 | SH | | SOLE | | 21,151 | 0 | 0 |
METHANEX CORP | COM | 59151K108 | 500 | 8,800 | SH | | SOLE | | 8,800 | 0 | 0 |
GENERAL AMERN INVS INC | COM | 368802104 | 3,611 | 108,405 | SH | | SOLE | | 108,405 | 0 | 0 |
GOLUB CAP BDC INC | COM | 38173M102 | 516 | 28,864 | SH | | SOLE | | 28,864 | 0 | 0 |
INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 46137V357 | 239 | 2,291 | SH | | SOLE | | 2,291 | 0 | 0 |
AIR PRODS & CHEMS INC | COM | 009158106 | 707 | 3,703 | SH | | SOLE | | 3,703 | 0 | 0 |
MEDLEY CAP CORP | COM | 58503F106 | 108 | 34,828 | SH | | SOLE | | 34,828 | 0 | 0 |
PICO HLDGS INC | COM NEW | 693366205 | 1,388 | 140,186 | SH | | SOLE | | 140,185 | 0 | 0 |
UNITED SECURITY BANCSHARES C | COM | 911460103 | 223 | 21,049 | SH | | SOLE | | 21,049 | 0 | 0 |
OAK VALLEY BANCORP OAKDALE C | COM | 671807105 | 399 | 22,600 | SH | | SOLE | | 22,600 | 0 | 0 |
AERCAP HOLDINGS NV | SHS | N00985106 | 382 | 8,217 | SH | | SOLE | | 8,217 | 0 | 0 |
SOURCE CAP INC | COM | 836144105 | 2,042 | 56,713 | SH | | SOLE | | 56,712 | 0 | 0 |
RPC INC | COM | 749660106 | 4,840 | 424,210 | SH | | SOLE | | 424,209 | 0 | 0 |
FREEPORT-MCMORAN INC | CL B | 35671D857 | 184 | 14,256 | SH | | SOLE | | 14,256 | 0 | 0 |
SYSCO CORP | COM | 871829107 | 694 | 10,400 | SH | | SOLE | | 10,400 | 0 | 0 |
ENTERGY CORP NEW | COM | 29364G103 | 585 | 6,122 | SH | | SOLE | | 6,122 | 0 | 0 |
CATHAY GEN BANCORP | COM | 149150104 | 356 | 10,500 | SH | | SOLE | | 10,500 | 0 | 0 |
EURONAV NV ANTWERPEN | SHS | B38564108 | 325 | 39,899 | SH | | SOLE | | 39,899 | 0 | 0 |
OAKTREE CAP GROUP LLC | UNIT CL A | 674001201 | 730 | 14,702 | SH | | SOLE | | 14,701 | 0 | 0 |
ABERDEEN EMRG MRKTS EQT INM | COM | 00301W105 | 606 | 83,310 | SH | | SOLE | | 83,310 | 0 | 0 |
ROYCE VALUE TR INC | COM | 780910105 | 1,298 | 94,357 | SH | | SOLE | | 94,356 | 0 | 0 |
CONSOLIDATED TOMOKA LD CO | COM | 210226106 | 1,744 | 29,541 | SH | | SOLE | | 29,540 | 0 | 0 |
ENZO BIOCHEM INC | COM | 294100102 | 49 | 18,100 | SH | | SOLE | | 18,100 | 0 | 0 |
CELGENE CORP | COM | 151020104 | 292 | 3,100 | SH | | SOLE | | 3,100 | 0 | 0 |
GEOSPACE TECHNOLOGIES CORP | COM | 37364X109 | 480 | 37,095 | SH | | SOLE | | 37,095 | 0 | 0 |
CAPITAL PRODUCT PARTNERS L P | COM UNIT LP | Y11082107 | 53 | 23,118 | SH | | SOLE | | 23,118 | 0 | 0 |
METLIFE INC | COM | 59156R108 | 275 | 6,462 | SH | | SOLE | | 6,462 | 0 | 0 |
TECHNIPFMC PLC | COM | G87110105 | 230 | 9,800 | SH | | SOLE | | 9,800 | 0 | 0 |
NOVARTIS A G | SPONSORED ADR | 66987V109 | 702 | 7,306 | SH | | SOLE | | 7,306 | 0 | 0 |
TOTAL S A | SPONSORED ADS | 89151E109 | 462 | 8,301 | SH | | SOLE | | 8,301 | 0 | 0 |
MCDERMOTT INTL INC | COM | 580037703 | 383 | 51,426 | SH | | SOLE | | 51,426 | 0 | 0 |
CIMAREX ENERGY CO | COM | 171798101 | 2,880 | 41,205 | SH | | SOLE | | 41,204 | 0 | 0 |
WHITE MTNS INS GROUP LTD | COM | G9618E107 | 26,015 | 28,110 | SH | | SOLE | | 28,110 | 0 | 0 |
MOHAWK INDS INC | COM | 608190104 | 2,130 | 16,885 | SH | | SOLE | | 16,885 | 0 | 0 |
ENBRIDGE INC | COM | 29250N105 | 381 | 10,504 | SH | | SOLE | | 10,504 | 0 | 0 |
GENCO SHIPPING & TRADING LTD | SHS | Y2685T131 | 188 | 25,184 | SH | | SOLE | | 25,184 | 0 | 0 |
ZOETIS INC | CL A | 98978V103 | 252 | 2,500 | SH | | SOLE | | 2,500 | 0 | 0 |
BLACKSTONE GROUP L P | COM UNIT LTD | 09253U108 | 497 | 14,200 | SH | | SOLE | | 14,200 | 0 | 0 |
HALLADOR ENERGY COMPANY | COM | 40609P105 | 88 | 16,660 | SH | | SOLE | | 16,660 | 0 | 0 |
OFG BANCORP | COM | 67103X102 | 426 | 21,550 | SH | | SOLE | | 21,550 | 0 | 0 |
AMBAC FINL GROUP INC | COM NEW | 023139884 | 364 | 20,100 | SH | | SOLE | | 20,100 | 0 | 0 |
BLACKSTONE MTG TR INC | COM CL A | 09257W100 | 535 | 15,475 | SH | | SOLE | | 15,475 | 0 | 0 |
GENERAL DYNAMICS CORP | COM | 369550108 | 609 | 3,600 | SH | | SOLE | | 3,600 | 0 | 0 |
CISCO SYS INC | COM | 17275R102 | 807 | 14,948 | SH | | SOLE | | 14,948 | 0 | 0 |
LIBERTY GLOBAL PLC | SHS CL C | G5480U120 | 284 | 11,737 | SH | | SOLE | | 11,737 | 0 | 0 |
APACHE CORP | COM | 037411105 | 412 | 11,889 | SH | | SOLE | | 11,889 | 0 | 0 |
LENNAR CORP | CL B | 526057302 | 1,421 | 36,322 | SH | | SOLE | | 36,322 | 0 | 0 |
AT&T INC | COM | 00206R102 | 680 | 21,681 | SH | | SOLE | | 21,681 | 0 | 0 |
CONTANGO OIL & GAS COMPANY | COM NEW | 21075N204 | 111 | 35,093 | SH | | SOLE | | 35,093 | 0 | 0 |
NOBLE CORP PLC | SHS USD | G65431101 | 137 | 47,775 | SH | | SOLE | | 47,775 | 0 | 0 |
SCORPIO BULKERS INC | COM | Y7546A122 | 143 | 37,150 | SH | | SOLE | | 37,150 | 0 | 0 |
DIAMOND OFFSHORE DRILLING IN | COM | 25271C102 | 803 | 76,511 | SH | | SOLE | | 76,511 | 0 | 0 |
WELLS FARGO CO NEW | COM | 949746101 | 776 | 16,053 | SH | | SOLE | | 16,053 | 0 | 0 |
UNION PACIFIC CORP | COM | 907818108 | 202 | 1,210 | SH | | SOLE | | 1,209 | 0 | 0 |
DORCHESTER MINERALS LP | COM UNIT | 25820R105 | 1,240 | 67,901 | SH | | SOLE | | 67,901 | 0 | 0 |
JPMORGAN CHASE & CO | COM | 46625H100 | 202 | 1,998 | SH | | SOLE | | 1,998 | 0 | 0 |
WESTAMERICA BANCORPORATION | COM | 957090103 | 3,846 | 62,233 | SH | | SOLE | | 62,233 | 0 | 0 |
INTL PAPER CO | COM | 460146103 | 613 | 13,250 | SH | | SOLE | | 13,250 | 0 | 0 |
HARTFORD FINL SVCS GROUP INC | COM | 416515104 | 384 | 7,727 | SH | | SOLE | | 7,727 | 0 | 0 |
CHEVRON CORP NEW | COM | 166764100 | 1,468 | 11,916 | SH | | SOLE | | 11,916 | 0 | 0 |
CONOCOPHILLIPS | COM | 20825C104 | 1,693 | 25,373 | SH | | SOLE | | 25,372 | 0 | 0 |
MARKEL CORP | COM | 570535104 | 18,325 | 18,394 | SH | | SOLE | | 18,394 | 0 | 0 |
BANK AMER CORP | COM | 060505104 | 338 | 12,233 | SH | | SOLE | | 12,233 | 0 | 0 |
INTERNATIONAL BUSINESS MACHS | COM | 459200101 | 1,007 | 7,139 | SH | | SOLE | | 7,138 | 0 | 0 |
PFIZER INC | COM | 717081103 | 417 | 9,823 | SH | | SOLE | | 9,823 | 0 | 0 |
3M CO | COM | 88579Y101 | 208 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
AMERICAN EXPRESS CO | COM | 025816109 | 887 | 8,113 | SH | | SOLE | | 8,113 | 0 | 0 |
AMGEN INC | COM | 031162100 | 1,043 | 5,488 | SH | | SOLE | | 5,487 | 0 | 0 |
APPLIED MATLS INC | COM | 038222105 | 485 | 12,234 | SH | | SOLE | | 12,234 | 0 | 0 |
ALLY FINL INC | COM | 02005N100 | 304 | 11,057 | SH | | SOLE | | 11,057 | 0 | 0 |
TCW STRATEGIC INCOME FUND IN | COM | 872340104 | 217 | 39,433 | SH | | SOLE | | 39,433 | 0 | 0 |
SAN JUAN BASIN RTY TR | UNIT BEN INT | 798241105 | 825 | 153,092 | SH | | SOLE | | 153,092 | 0 | 0 |
NOW INC | COM | 67011P100 | 2,869 | 205,523 | SH | | SOLE | | 205,523 | 0 | 0 |
VANGUARD GROUP | DIV APP ETF | 921908844 | 1,891 | 17,249 | SH | | SOLE | | 17,249 | 0 | 0 |
ENSTAR GROUP LIMITED | SHS | G3075P101 | 13,090 | 75,231 | SH | | SOLE | | 75,231 | 0 | 0 |
ANTERO RES CORP | COM | 03674X106 | 436 | 49,330 | SH | | SOLE | | 49,330 | 0 | 0 |
LIBERTY MEDIA CORP DELAWARE | COM SER C FRMLA | 531229854 | 542 | 15,451 | SH | | SOLE | | 15,451 | 0 | 0 |
ORION ENGINEERED CARBONS S A | COM | L72967109 | 286 | 15,080 | SH | | SOLE | | 15,080 | 0 | 0 |
LIBERTY BROADBAND CORP | COM SER A | 530307107 | 206 | 2,247 | SH | | SOLE | | 2,247 | 0 | 0 |
LIBERTY BROADBAND CORP | COM SER C | 530307305 | 613 | 6,681 | SH | | SOLE | | 6,681 | 0 | 0 |
CALIFORNIA RES CORP | COM NEW | 13057Q206 | 2,341 | 91,042 | SH | | SOLE | | 91,042 | 0 | 0 |
CNA FINL CORP | COM | 126117100 | 1,395 | 32,181 | SH | | SOLE | | 32,181 | 0 | 0 |
HELMERICH & PAYNE INC | COM | 423452101 | 2,141 | 38,530 | SH | | SOLE | | 38,530 | 0 | 0 |
PNC FINL SVCS GROUP INC | COM | 693475105 | 681 | 5,550 | SH | | SOLE | | 5,550 | 0 | 0 |
GRAHAM HLDGS CO | COM | 384637104 | 427 | 625 | SH | | SOLE | | 625 | 0 | 0 |
BERKLEY W R CORP | COM | 084423102 | 17,856 | 210,760 | SH | | SOLE | | 210,759 | 0 | 0 |
LOEWS CORP | COM | 540424108 | 16,082 | 335,532 | SH | | SOLE | | 335,532 | 0 | 0 |
SPROTT FOCUS TR INC | COM | 85208J109 | 115 | 16,837 | SH | | SOLE | | 16,837 | 0 | 0 |
EXXON MOBIL CORP | COM | 30231G102 | 679 | 8,404 | SH | | SOLE | | 8,404 | 0 | 0 |
VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 | 302 | 16,615 | SH | | SOLE | | 16,615 | 0 | 0 |
CABLE ONE INC | COM | 12685J105 | 613 | 625 | SH | | SOLE | | 625 | 0 | 0 |
CHEMOURS CO | COM | 163851108 | 219 | 5,882 | SH | | SOLE | | 5,882 | 0 | 0 |
PAYPAL HLDGS INC | COM | 70450Y103 | 693 | 6,673 | SH | | SOLE | | 6,673 | 0 | 0 |
THE CHARLES SCHWAB CORPORATI | COM | 808513105 | 2,024 | 47,335 | SH | | SOLE | | 47,334 | 0 | 0 |
APPLE INC | COM | 037833100 | 1,966 | 10,351 | SH | | SOLE | | 10,351 | 0 | 0 |
ABBOTT LABS | COM | 002824100 | 2,336 | 29,221 | SH | | SOLE | | 29,220 | 0 | 0 |
ALLEGHANY CORP DEL | COM | 017175100 | 23,307 | 38,059 | SH | | SOLE | | 38,059 | 0 | 0 |
FAIRFAX FINL HLDGS LTD SUB VTG | Stock | 303901102 | 12,588 | 27,146 | SH | | SOLE | | 27,146 | 0 | 0 |