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 |
TETRA TECHNOLOGIES INC DEL | COM | 88162F105 | 8 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
SEMPRA ENERGY | COM | 816851109 | 271 | 2,291 | SH | | SOLE | | 2,290 | 0 | 0 |
ISHARES GOLD TRUST | ISHARES | 464285105 | 450 | 25,011 | SH | | SOLE | | 25,011 | 0 | 0 |
EBAY INC. | COM | 278642103 | 323 | 6,200 | SH | | SOLE | | 6,200 | 0 | 0 |
CENTRAL SECS CORP | COM | 155123102 | 217 | 7,496 | SH | | SOLE | | 7,496 | 0 | 0 |
JOHNSON & JOHNSON | COM | 478160104 | 3,148 | 21,145 | SH | | SOLE | | 21,145 | 0 | 0 |
DISCOVERY INC | COM SER C | 25470F302 | 968 | 49,370 | SH | | SOLE | | 49,370 | 0 | 0 |
COVANTA HLDG CORP | COM | 22282E102 | 312 | 40,250 | SH | | SOLE | | 40,250 | 0 | 0 |
VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 | 668 | 9,279 | SH | | SOLE | | 9,279 | 0 | 0 |
COSTCO WHSL CORP NEW | COM | 22160K105 | 338 | 952 | SH | | SOLE | | 952 | 0 | 0 |
CLEVELAND-CLIFFS INC NEW | COM | 185899101 | 84 | 13,120 | SH | | SOLE | | 13,120 | 0 | 0 |
CROSS TIMBERS RTY TR | TR UNIT | 22757R109 | 653 | 118,801 | SH | | SOLE | | 118,801 | 0 | 0 |
SABINE ROYALTY TR | UNIT BEN INT | 785688102 | 975 | 33,495 | SH | | SOLE | | 33,494 | 0 | 0 |
OCCIDENTAL PETE CORP | COM | 674599105 | 258 | 25,731 | SH | | SOLE | | 25,730 | 0 | 0 |
INTEL CORP | COM | 458140100 | 359 | 6,936 | SH | | SOLE | | 6,936 | 0 | 0 |
AMERCO | COM | 023586100 | 2,478 | 6,962 | SH | | SOLE | | 6,962 | 0 | 0 |
TIDEWATER INC NEW | COM | 88642R109 | 296 | 44,060 | SH | | SOLE | | 44,060 | 0 | 0 |
SANOFI | SPONSORED ADR | 80105N105 | 206 | 4,100 | SH | | SOLE | | 4,100 | 0 | 0 |
MERCK & CO. INC | COM | 58933Y105 | 216 | 2,606 | SH | | SOLE | | 2,606 | 0 | 0 |
EMERSON ELEC CO | COM | 291011104 | 1,309 | 19,956 | SH | | SOLE | | 19,955 | 0 | 0 |
AMERICAN NATIONAL GROUP INC | COM NEW | 02772A109 | 612 | 9,059 | SH | | SOLE | | 9,059 | 0 | 0 |
ANNALY CAPITAL MANAGEMENT IN | COM | 035710409 | 93 | 13,000 | SH | | SOLE | | 13,000 | 0 | 0 |
NVR INC | COM | 62944T105 | 1,809 | 443 | SH | | SOLE | | 443 | 0 | 0 |
CORNING INC | COM | 219350105 | 458 | 14,144 | SH | | SOLE | | 14,144 | 0 | 0 |
PARK HOTELS RESORTS INC | COM | 700517105 | 100 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
CONTURA ENERGY INC | COM | 21241B100 | 129 | 17,568 | SH | | SOLE | | 17,568 | 0 | 0 |
BANK NEW YORK MELLON CORP | COM | 064058100 | 2,945 | 85,749 | SH | | SOLE | | 85,749 | 0 | 0 |
TEGNA INC | COM | 87901J105 | 965 | 82,130 | SH | | SOLE | | 82,130 | 0 | 0 |
VERIZON COMMUNICATIONS INC | COM | 92343V104 | 309 | 5,202 | SH | | SOLE | | 5,202 | 0 | 0 |
NEXTIER OILFIELD SOLUTIONS | COM | 65290C105 | 32 | 17,133 | SH | | SOLE | | 17,133 | 0 | 0 |
RAMACO RES INC | COM | 75134P303 | 88 | 25,000 | SH | | SOLE | | 25,000 | 0 | 0 |
BLACK STONE MINERALS L P | COM UNIT | 09225M101 | 93 | 15,200 | SH | | SOLE | | 15,200 | 0 | 0 |
US BANCORP DEL | COM NEW | 902973304 | 459 | 12,808 | SH | | SOLE | | 12,808 | 0 | 0 |
DUPONT DE NEMOURS INC | COM | 26614N102 | 700 | 12,609 | SH | | SOLE | | 12,609 | 0 | 0 |
SOUTHERN CO | COM | 842587107 | 374 | 6,890 | SH | | SOLE | | 6,890 | 0 | 0 |
BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 | 1,781 | 13,490 | SH | | SOLE | | 13,490 | 0 | 0 |
LUMEN TECHNOLOGIES INC | COM | 156700106 | 1,691 | 167,638 | SH | | SOLE | | 167,638 | 0 | 0 |
CENOVUS ENERGY INC | COM | 15135U109 | 248 | 63,800 | SH | | SOLE | | 63,800 | 0 | 0 |
CARS COM INC | COM | 14575E105 | 244 | 30,218 | SH | | SOLE | | 30,218 | 0 | 0 |
NUTRIEN LTD | COM | 67077M108 | 314 | 7,994 | SH | | SOLE | | 7,994 | 0 | 0 |
PATTERSON UTI ENERGY INC | COM | 703481101 | 76 | 26,739 | SH | | SOLE | | 26,739 | 0 | 0 |
BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 50,060 | 235,089 | SH | | SOLE | | 235,089 | 0 | 0 |
WEYERHAEUSER CO MTN BE | COM NEW | 962166104 | 505 | 17,690 | SH | | SOLE | | 17,690 | 0 | 0 |
SOLAR CAP LTD | COM | 83413U100 | 186 | 11,763 | SH | | SOLE | | 11,763 | 0 | 0 |
COMCAST CORP NEW | CL A | 20030N101 | 422 | 9,114 | SH | | SOLE | | 9,113 | 0 | 0 |
MICROSOFT CORP | COM | 594918104 | 6,062 | 28,819 | SH | | SOLE | | 28,819 | 0 | 0 |
CANADIAN NAT RES LTD | COM | 136385101 | 1,327 | 82,884 | SH | | SOLE | | 82,884 | 0 | 0 |
SCHLUMBERGER LTD | COM | 806857108 | 415 | 26,646 | SH | | SOLE | | 26,646 | 0 | 0 |
CVS HEALTH CORP | COM | 126650100 | 556 | 9,520 | SH | | SOLE | | 9,520 | 0 | 0 |
JEFFERIES FINL GROUP INC | COM | 47233W109 | 11,060 | 614,460 | SH | | SOLE | | 614,459 | 0 | 0 |
V F CORP | COM | 918204108 | 527 | 7,500 | SH | | SOLE | | 7,500 | 0 | 0 |
SPECTRUM BRANDS HLDGS INC NE | COM | 84790A105 | 700 | 12,251 | SH | | SOLE | | 12,251 | 0 | 0 |
ST JOE CO | COM | 790148100 | 699 | 33,901 | SH | | SOLE | | 33,901 | 0 | 0 |
MONMOUTH REAL ESTATE INVT CO | CL A | 609720107 | 526 | 38,000 | SH | | SOLE | | 38,000 | 0 | 0 |
BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | 2,240 | 7 | SH | | SOLE | | 7 | 0 | 0 |
ROYCE MICRO-CAP TR INC | COM | 780915104 | 1,052 | 137,175 | SH | | SOLE | | 137,175 | 0 | 0 |
VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 | 699 | 11,265 | SH | | SOLE | | 11,265 | 0 | 0 |
SOUTHWESTERN ENERGY CO | COM | 845467109 | 234 | 99,400 | SH | | SOLE | | 99,400 | 0 | 0 |
MACERICH CO | COM | 554382101 | 159 | 23,418 | SH | | SOLE | | 23,418 | 0 | 0 |
ISTAR INC | COM | 45031U101 | 1,016 | 86,020 | SH | | SOLE | | 86,020 | 0 | 0 |
TEJON RANCH CO | COM | 879080109 | 155 | 10,957 | SH | | SOLE | | 10,957 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | 323 | 6,165 | SH | | SOLE | | 6,165 | 0 | 0 |
BROOKFIELD ASSET MGMT INC | CL A LTD VT SH | 112585104 | 1,182 | 35,762 | SH | | SOLE | | 35,762 | 0 | 0 |
DOW INC | COM | 260557103 | 593 | 12,613 | SH | | SOLE | | 12,613 | 0 | 0 |
GENERAL AMERN INVS INC | COM | 368802104 | 2,995 | 88,218 | SH | | SOLE | | 88,217 | 0 | 0 |
DIAMOND S SHIPPING INC | COM | Y20676105 | 217 | 31,617 | SH | | SOLE | | 31,617 | 0 | 0 |
SPROTT PHYSICAL SILVER TR | TR UNIT | 85207K107 | 911 | 110,210 | SH | | SOLE | | 110,210 | 0 | 0 |
GOLUB CAP BDC INC | COM | 38173M102 | 349 | 26,364 | SH | | SOLE | | 26,364 | 0 | 0 |
CORTEVA INC | COM | 22052L104 | 369 | 12,811 | SH | | SOLE | | 12,810 | 0 | 0 |
BORR DRILLING LTD | SHS | G1466R207 | 15 | 26,754 | SH | | SOLE | | 26,754 | 0 | 0 |
GRINDROD SHIPPING HOLDINGS L | SHS | Y28895103 | 95 | 24,445 | SH | | SOLE | | 24,445 | 0 | 0 |
AIR PRODS & CHEMS INC | COM | 009158106 | 1,108 | 3,720 | SH | | SOLE | | 3,719 | 0 | 0 |
VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 | 296 | 2,855 | SH | | SOLE | | 2,855 | 0 | 0 |
AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 | 253 | 5,344 | SH | | SOLE | | 5,344 | 0 | 0 |
VANGUARD SCOTTSDALE FDS | VNG RUS2000VAL | 92206C649 | 205 | 2,352 | SH | | SOLE | | 2,352 | 0 | 0 |
PICO HLDGS INC | COM NEW | 693366205 | 1,168 | 130,357 | SH | | SOLE | | 130,356 | 0 | 0 |
UNITED SEC BANCSHARES CALIF | COM | 911460103 | 129 | 21,049 | SH | | SOLE | | 21,049 | 0 | 0 |
OAK VALLEY BANCORP OAKDALE C | COM | 671807105 | 163 | 14,215 | SH | | SOLE | | 14,215 | 0 | 0 |
SOURCE CAP INC | COM | 836144105 | 1,484 | 40,276 | SH | | SOLE | | 40,276 | 0 | 0 |
RPC INC | COM | 749660106 | 998 | 377,970 | SH | | SOLE | | 377,970 | 0 | 0 |
FREEPORT-MCMORAN INC | CL B | 35671D857 | 722 | 46,165 | SH | | SOLE | | 46,165 | 0 | 0 |
CTO REALTY GROWTH INC | COM | 22948P103 | 1,110 | 25,165 | SH | | SOLE | | 25,165 | 0 | 0 |
ENTERGY CORP NEW | COM | 29364G103 | 342 | 3,472 | SH | | SOLE | | 3,472 | 0 | 0 |
CATHAY GEN BANCORP | COM | 149150104 | 205 | 9,460 | SH | | SOLE | | 9,460 | 0 | 0 |
EURONAV NV | SHS | B38564108 | 755 | 85,496 | SH | | SOLE | | 85,496 | 0 | 0 |
CREDIT ACCEP CORP MICH | COM | 225310101 | 1,718 | 5,073 | SH | | SOLE | | 5,073 | 0 | 0 |
ABERDEEN EMRG MRKTS EQT INM | COM | 00301W105 | 467 | 72,110 | SH | | SOLE | | 72,110 | 0 | 0 |
ROYCE VALUE TR INC | COM | 780910105 | 1,132 | 89,570 | SH | | SOLE | | 89,569 | 0 | 0 |
TRINITY PL HLDGS INC | COM | 89656D101 | 22 | 15,350 | SH | | SOLE | | 15,350 | 0 | 0 |
GEOSPACE TECHNOLOGIES CORP | COM | 37364X109 | 223 | 36,060 | SH | | SOLE | | 36,060 | 0 | 0 |
METLIFE INC | COM | 59156R108 | 236 | 6,362 | SH | | SOLE | | 6,362 | 0 | 0 |
TECHNIPFMC PLC | COM | G87110105 | 66 | 10,400 | SH | | SOLE | | 10,400 | 0 | 0 |
NOVARTIS AG | SPONSORED ADR | 66987V109 | 543 | 6,245 | SH | | SOLE | | 6,245 | 0 | 0 |
TOTAL SE | SPONSORED ADS | 89151E109 | 273 | 7,950 | SH | | SOLE | | 7,950 | 0 | 0 |
CIMAREX ENERGY CO | COM | 171798101 | 724 | 29,754 | SH | | SOLE | | 29,754 | 0 | 0 |
WHITE MTNS INS GROUP LTD | COM | G9618E107 | 19,837 | 25,464 | SH | | SOLE | | 25,464 | 0 | 0 |
MOHAWK INDS INC | COM | 608190104 | 1,470 | 15,065 | SH | | SOLE | | 15,065 | 0 | 0 |
ENBRIDGE INC | COM | 29250N105 | 269 | 9,208 | SH | | SOLE | | 9,208 | 0 | 0 |
GENCO SHIPPING & TRADING LTD | SHS | Y2685T131 | 174 | 25,284 | SH | | SOLE | | 25,284 | 0 | 0 |
TEEKAY CORPORATION | COM | Y8564W103 | 57 | 25,400 | SH | | SOLE | | 25,400 | 0 | 0 |
CUSTOMERS BANCORP INC | COM | 23204G100 | 295 | 26,300 | SH | | SOLE | | 26,300 | 0 | 0 |
ZOETIS INC | CL A | 98978V103 | 375 | 2,266 | SH | | SOLE | | 2,266 | 0 | 0 |
BLACKSTONE GROUP INC | COM CL A | 09260D107 | 591 | 11,330 | SH | | SOLE | | 11,330 | 0 | 0 |
HALLADOR ENERGY COMPANY | COM | 40609P105 | 8 | 12,671 | SH | | SOLE | | 12,670 | 0 | 0 |
OFG BANCORP | COM | 67103X102 | 219 | 17,550 | SH | | SOLE | | 17,550 | 0 | 0 |
QUALCOMM INC | COM | 747525103 | 232 | 1,970 | SH | | SOLE | | 1,970 | 0 | 0 |
AMBAC FINL GROUP INC | COM NEW | 023139884 | 269 | 21,100 | SH | | SOLE | | 21,100 | 0 | 0 |
BLACKSTONE MTG TR INC | COM CL A | 09257W100 | 305 | 13,875 | SH | | SOLE | | 13,875 | 0 | 0 |
GENERAL DYNAMICS CORP | COM | 369550108 | 281 | 2,028 | SH | | SOLE | | 2,028 | 0 | 0 |
CISCO SYS INC | COM | 17275R102 | 349 | 8,857 | SH | | SOLE | | 8,857 | 0 | 0 |
LIBERTY GLOBAL PLC | SHS CL C | G5480U120 | 611 | 29,759 | SH | | SOLE | | 29,759 | 0 | 0 |
LENNAR CORP | CL B | 526057302 | 2,049 | 31,210 | SH | | SOLE | | 31,210 | 0 | 0 |
AT&T INC | COM | 00206R102 | 498 | 17,471 | SH | | SOLE | | 17,471 | 0 | 0 |
ROYCE GLOBAL VALUE TR INC | COM | 78081T104 | 128 | 10,410 | SH | | SOLE | | 10,410 | 0 | 0 |
CONTANGO OIL & GAS CO | COM NEW | 21075N204 | 244 | 181,851 | SH | | SOLE | | 181,851 | 0 | 0 |
TEXAS PAC LD TR | SUB CTF PROP I T | 882610108 | 466 | 1,033 | SH | | SOLE | | 1,033 | 0 | 0 |
WELLS FARGO CO NEW | COM | 949746101 | 339 | 14,400 | SH | | SOLE | | 14,400 | 0 | 0 |
GOLAR LNG LTD | SHS | G9456A100 | 253 | 41,811 | SH | | SOLE | | 41,810 | 0 | 0 |
LOCKHEED MARTIN CORP | COM | 539830109 | 212 | 552 | SH | | SOLE | | 552 | 0 | 0 |
DORCHESTER MINERALS LP | COM UNIT | 25820R105 | 706 | 68,376 | SH | | SOLE | | 68,376 | 0 | 0 |
WESTAMERICA BANCORPORATION | COM | 957090103 | 1,875 | 34,494 | SH | | SOLE | | 34,494 | 0 | 0 |
INTERNATIONAL PAPER CO | COM | 460146103 | 399 | 9,850 | SH | | SOLE | | 9,850 | 0 | 0 |
CHEVRON CORP NEW | COM | 166764100 | 799 | 11,098 | SH | | SOLE | | 11,098 | 0 | 0 |
CONOCOPHILLIPS | COM | 20825C104 | 696 | 21,188 | SH | | SOLE | | 21,187 | 0 | 0 |
MARKEL CORP | COM | 570535104 | 16,745 | 17,197 | SH | | SOLE | | 17,197 | 0 | 0 |
VANGUARD TAX-MANAGED INTL FD | FTSE DEV MKT ETF | 921943858 | 297 | 7,268 | SH | | SOLE | | 7,268 | 0 | 0 |
GANNETT CO INC | COM | 36472T109 | 22 | 16,951 | SH | | SOLE | | 16,951 | 0 | 0 |
3M CO | COM | 88579Y101 | 219 | 1,365 | SH | | SOLE | | 1,365 | 0 | 0 |
AMERICAN EXPRESS CO | COM | 025816109 | 732 | 7,302 | SH | | SOLE | | 7,302 | 0 | 0 |
AMGEN INC | COM | 031162100 | 1,357 | 5,341 | SH | | SOLE | | 5,340 | 0 | 0 |
APPLIED MATLS INC | COM | 038222105 | 571 | 9,600 | SH | | SOLE | | 9,600 | 0 | 0 |
TCW STRATEGIC INCOME FD INC | COM | 872340104 | 220 | 39,233 | SH | | SOLE | | 39,233 | 0 | 0 |
SAN JUAN BASIN RTY TR | UNIT BEN INT | 798241105 | 587 | 232,915 | SH | | SOLE | | 232,915 | 0 | 0 |
WILLIAMS COS INC | COM | 969457100 | 242 | 12,300 | SH | | SOLE | | 12,300 | 0 | 0 |
NOW INC | COM | 67011P100 | 558 | 122,848 | SH | | SOLE | | 122,848 | 0 | 0 |
VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | 2,012 | 15,638 | SH | | SOLE | | 15,638 | 0 | 0 |
FIDELITY NATIONAL FINANCIAL | FNF GROUP COM | 31620R303 | 233 | 7,429 | SH | | SOLE | | 7,429 | 0 | 0 |
ENSTAR GROUP LIMITED | SHS | G3075P101 | 13,888 | 85,992 | SH | | SOLE | | 85,992 | 0 | 0 |
ANTERO RESOURCES CORP | COM | 03674X106 | 202 | 73,431 | SH | | SOLE | | 73,431 | 0 | 0 |
LIBERTY MEDIA CORP DEL | COM SER C FRMLA | 531229854 | 504 | 13,887 | SH | | SOLE | | 13,887 | 0 | 0 |
ORION ENGINEERED CARBONS S A | COM | L72967109 | 267 | 21,380 | SH | | SOLE | | 21,380 | 0 | 0 |
DAILY JOURNAL CORP | COM | 233912104 | 215 | 889 | SH | | SOLE | | 889 | 0 | 0 |
LIBERTY BROADBAND CORP | COM SER A | 530307107 | 304 | 2,146 | SH | | SOLE | | 2,146 | 0 | 0 |
LIBERTY BROADBAND CORP | COM SER C | 530307305 | 918 | 6,425 | SH | | SOLE | | 6,425 | 0 | 0 |
CNA FINL CORP | COM | 126117100 | 833 | 27,787 | SH | | SOLE | | 27,787 | 0 | 0 |
CORE LABORATORIES N V | COM | N22717107 | 160 | 10,480 | SH | | SOLE | | 10,480 | 0 | 0 |
HELMERICH & PAYNE INC | COM | 423452101 | 412 | 28,130 | SH | | SOLE | | 28,130 | 0 | 0 |
GRAHAM HLDGS CO | COM CL B | 384637104 | 1,197 | 2,962 | SH | | SOLE | | 2,962 | 0 | 0 |
BERKLEY W R CORP | COM | 084423102 | 17,651 | 288,655 | SH | | SOLE | | 288,655 | 0 | 0 |
LOEWS CORP | COM | 540424108 | 11,168 | 321,385 | SH | | SOLE | | 321,385 | 0 | 0 |
SPROTT FOCUS TR INC | COM | 85208J109 | 100 | 16,837 | SH | | SOLE | | 16,837 | 0 | 0 |
SPROTT PHYSICAL GOLD & SILVE | TR UNIT | 85208R101 | 260 | 14,167 | SH | | SOLE | | 14,167 | 0 | 0 |
CABLE ONE INC | COM | 12685J105 | 707 | 375 | SH | | SOLE | | 375 | 0 | 0 |
PAYPAL HLDGS INC | COM | 70450Y103 | 642 | 3,257 | SH | | SOLE | | 3,257 | 0 | 0 |
SCHWAB CHARLES CORP | COM | 808513105 | 1,715 | 47,335 | SH | | SOLE | | 47,334 | 0 | 0 |
APPLE INC | COM | 037833100 | 2,220 | 19,168 | SH | | SOLE | | 19,167 | 0 | 0 |
ABBOTT LABS | COM | 002824100 | 1,267 | 11,643 | SH | | SOLE | | 11,643 | 0 | 0 |
CSW INDUSTRIALS INC | COM | 126402106 | 216 | 2,800 | SH | | SOLE | | 2,800 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 | 349 | 4,329 | SH | | SOLE | | 4,329 | 0 | 0 |
ALLEGHANY CORP DEL | COM | 017175100 | 18,205 | 34,980 | SH | | SOLE | | 34,980 | 0 | 0 |
FAIRFAX FINL HLDGS LTD SUB VTG | Stock | 303901102 | 10,574 | 35,909 | SH | | SOLE | | 35,909 | 0 | 0 |