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 | 13 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
SEMPRA ENERGY | COM | 816851109 | 292 | 2,292 | SH | | SOLE | | 2,292 | 0 | 0 |
ISHARES GOLD TRUST | ISHARES | 464285105 | 921 | 50,823 | SH | | SOLE | | 50,823 | 0 | 0 |
EBAY INC. | COM | 278642103 | 543 | 10,806 | SH | | SOLE | | 10,806 | 0 | 0 |
CENTRAL SECS CORP | COM | 155123102 | 223 | 6,840 | SH | | SOLE | | 6,840 | 0 | 0 |
JOHNSON & JOHNSON | COM | 478160104 | 3,125 | 19,855 | SH | | SOLE | | 19,855 | 0 | 0 |
DISCOVERY INC | COM SER C | 25470F302 | 1,232 | 47,041 | SH | | SOLE | | 47,041 | 0 | 0 |
COVANTA HLDG CORP | COM | 22282E102 | 528 | 40,250 | SH | | SOLE | | 40,250 | 0 | 0 |
VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 | 905 | 11,118 | SH | | SOLE | | 11,118 | 0 | 0 |
COSTCO WHSL CORP NEW | COM | 22160K105 | 359 | 952 | SH | | SOLE | | 952 | 0 | 0 |
CLEVELAND-CLIFFS INC NEW | COM | 185899101 | 191 | 13,120 | SH | | SOLE | | 13,120 | 0 | 0 |
CROSS TIMBERS RTY TR | TR UNIT | 22757R109 | 869 | 105,777 | SH | | SOLE | | 105,777 | 0 | 0 |
MESA RTY TR | UNIT BEN INT | 590660106 | 42 | 10,371 | SH | | SOLE | | 10,371 | 0 | 0 |
SABINE ROYALTY TR | UNIT BEN INT | 785688102 | 863 | 30,642 | SH | | SOLE | | 30,642 | 0 | 0 |
LIBERTY MEDIA CORP DEL | COM C BRAVES GRP | 531229888 | 204 | 8,199 | SH | | SOLE | | 8,199 | 0 | 0 |
OCCIDENTAL PETE CORP | COM | 674599105 | 832 | 48,044 | SH | | SOLE | | 48,044 | 0 | 0 |
INTEL CORP | COM | 458140100 | 460 | 9,232 | SH | | SOLE | | 9,232 | 0 | 0 |
AMERCO | COM | 023586100 | 3,123 | 6,880 | SH | | SOLE | | 6,880 | 0 | 0 |
ISHARES SILVER TR | ISHARES | 46428Q109 | 226 | 9,213 | SH | | SOLE | | 9,213 | 0 | 0 |
TIDEWATER INC NEW | COM | 88642R109 | 379 | 43,870 | SH | | SOLE | | 43,870 | 0 | 0 |
MERCK & CO. INC | COM | 58933Y105 | 213 | 2,606 | SH | | SOLE | | 2,606 | 0 | 0 |
EMERSON ELEC CO | COM | 291011104 | 1,435 | 17,855 | SH | | SOLE | | 17,855 | 0 | 0 |
AMERICAN NATIONAL GROUP INC | COM NEW | 02772A109 | 775 | 8,059 | SH | | SOLE | | 8,059 | 0 | 0 |
ANNALY CAPITAL MANAGEMENT IN | COM | 035710409 | 110 | 13,000 | SH | | SOLE | | 13,000 | 0 | 0 |
NVR INC | COM | 62944T105 | 1,758 | 431 | SH | | SOLE | | 431 | 0 | 0 |
CORNING INC | COM | 219350105 | 509 | 14,144 | SH | | SOLE | | 14,144 | 0 | 0 |
CONTURA ENERGY INC | COM | 21241B100 | 195 | 17,168 | SH | | SOLE | | 17,168 | 0 | 0 |
BANK NEW YORK MELLON CORP | COM | 064058100 | 3,532 | 83,216 | SH | | SOLE | | 83,216 | 0 | 0 |
TEGNA INC | COM | 87901J105 | 1,052 | 75,380 | SH | | SOLE | | 75,380 | 0 | 0 |
VERIZON COMMUNICATIONS INC | COM | 92343V104 | 306 | 5,202 | SH | | SOLE | | 5,202 | 0 | 0 |
NEXTIER OILFIELD SOLUTIONS | COM | 65290C105 | 52 | 15,037 | SH | | SOLE | | 15,037 | 0 | 0 |
RAMACO RES INC | COM | 75134P303 | 72 | 25,000 | SH | | SOLE | | 25,000 | 0 | 0 |
BLACK STONE MINERALS L P | COM UNIT | 09225M101 | 102 | 15,200 | SH | | SOLE | | 15,200 | 0 | 0 |
US BANCORP DEL | COM NEW | 902973304 | 597 | 12,808 | SH | | SOLE | | 12,808 | 0 | 0 |
BRIGHTHOUSE FINL INC | COM | 10922N103 | 234 | 6,476 | SH | | SOLE | | 6,476 | 0 | 0 |
DUPONT DE NEMOURS INC | COM | 26614N102 | 897 | 12,610 | SH | | SOLE | | 12,610 | 0 | 0 |
SOUTHERN CO | COM | 842587107 | 423 | 6,890 | SH | | SOLE | | 6,890 | 0 | 0 |
BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 | 2,028 | 13,240 | SH | | SOLE | | 13,240 | 0 | 0 |
CARS COM INC | COM | 14575E105 | 241 | 21,306 | SH | | SOLE | | 21,306 | 0 | 0 |
NUTRIEN LTD | COM | 67077M108 | 327 | 6,794 | SH | | SOLE | | 6,794 | 0 | 0 |
PATTERSON-UTI ENERGY INC | COM | 703481101 | 138 | 26,253 | SH | | SOLE | | 26,252 | 0 | 0 |
BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 50,715 | 218,723 | SH | | SOLE | | 218,723 | 0 | 0 |
WEYERHAEUSER CO MTN BE | COM NEW | 962166104 | 608 | 18,119 | SH | | SOLE | | 18,119 | 0 | 0 |
SOLAR CAP LTD | COM | 83413U100 | 204 | 11,663 | SH | | SOLE | | 11,663 | 0 | 0 |
COMCAST CORP NEW | CL A | 20030N101 | 446 | 8,511 | SH | | SOLE | | 8,511 | 0 | 0 |
MICROSOFT CORP | COM | 594918104 | 5,913 | 26,586 | SH | | SOLE | | 26,586 | 0 | 0 |
CANADIAN NAT RES LTD | COM | 136385101 | 1,733 | 72,051 | SH | | SOLE | | 72,051 | 0 | 0 |
SCHLUMBERGER LTD | COM | 806857108 | 651 | 29,836 | SH | | SOLE | | 29,836 | 0 | 0 |
CVS HEALTH CORP | COM | 126650100 | 631 | 9,240 | SH | | SOLE | | 9,240 | 0 | 0 |
JEFFERIES FINL GROUP INC | COM | 47233W109 | 14,557 | 591,733 | SH | | SOLE | | 591,732 | 0 | 0 |
V F CORP | COM | 918204108 | 641 | 7,500 | SH | | SOLE | | 7,500 | 0 | 0 |
SPECTRUM BRANDS HLDGS INC NE | COM | 84790A105 | 860 | 10,883 | SH | | SOLE | | 10,882 | 0 | 0 |
ST JOE CO | COM | 790148100 | 1,431 | 33,701 | SH | | SOLE | | 33,701 | 0 | 0 |
MONMOUTH REAL ESTATE INVT CO | CL A | 609720107 | 595 | 34,325 | SH | | SOLE | | 34,325 | 0 | 0 |
BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | 2,435 | 7 | SH | | SOLE | | 7 | 0 | 0 |
ROYCE MICRO-CAP TR INC | COM | 780915104 | 1,326 | 130,982 | SH | | SOLE | | 130,982 | 0 | 0 |
VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 | 681 | 11,049 | SH | | SOLE | | 11,049 | 0 | 0 |
SOUTHWESTERN ENERGY CO | COM | 845467109 | 302 | 101,400 | SH | | SOLE | | 101,400 | 0 | 0 |
MACERICH CO | COM | 554382101 | 218 | 20,413 | SH | | SOLE | | 20,413 | 0 | 0 |
ISTAR INC | COM | 45031U101 | 1,251 | 84,256 | SH | | SOLE | | 84,256 | 0 | 0 |
TEJON RANCH CO | COM | 879080109 | 157 | 10,862 | SH | | SOLE | | 10,862 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | 371 | 6,165 | SH | | SOLE | | 6,165 | 0 | 0 |
BROOKFIELD ASSET MGMT INC | CL A LTD VT SH | 112585104 | 1,474 | 35,721 | SH | | SOLE | | 35,721 | 0 | 0 |
DOW INC | COM | 260557103 | 700 | 12,616 | SH | | SOLE | | 12,615 | 0 | 0 |
GENERAL AMERN INVS CO INC | COM | 368802104 | 3,125 | 84,038 | SH | | SOLE | | 84,038 | 0 | 0 |
DIAMOND S SHIPPING INC | COM | Y20676105 | 204 | 30,617 | SH | | SOLE | | 30,617 | 0 | 0 |
SPROTT PHYSICAL SILVER TR | TR UNIT | 85207K107 | 1,029 | 110,210 | SH | | SOLE | | 110,210 | 0 | 0 |
GOLUB CAP BDC INC | COM | 38173M102 | 387 | 27,364 | SH | | SOLE | | 27,364 | 0 | 0 |
CORTEVA INC | COM | 22052L104 | 496 | 12,812 | SH | | SOLE | | 12,811 | 0 | 0 |
BORR DRILLING LTD | SHS | G1466R207 | 15 | 18,754 | SH | | SOLE | | 18,754 | 0 | 0 |
GRINDROD SHIPPING HOLDINGS L | SHS | Y28895103 | 103 | 24,445 | SH | | SOLE | | 24,445 | 0 | 0 |
AIR PRODS & CHEMS INC | COM | 009158106 | 1,018 | 3,727 | SH | | SOLE | | 3,726 | 0 | 0 |
AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 | 587 | 10,319 | SH | | SOLE | | 10,319 | 0 | 0 |
VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 | 776 | 6,475 | SH | | SOLE | | 6,475 | 0 | 0 |
AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 | 707 | 12,374 | SH | | SOLE | | 12,374 | 0 | 0 |
VANGUARD SCOTTSDALE FDS | VNG RUS2000VAL | 92206C649 | 238 | 2,057 | SH | | SOLE | | 2,057 | 0 | 0 |
PICO HLDGS INC | COM NEW | 693366205 | 1,165 | 124,592 | SH | | SOLE | | 124,592 | 0 | 0 |
UNITED SEC BANCSHARES CALIF | COM | 911460103 | 148 | 21,049 | SH | | SOLE | | 21,049 | 0 | 0 |
OAK VY BANCORP OAKDALE CALIF | COM | 671807105 | 236 | 14,215 | SH | | SOLE | | 14,215 | 0 | 0 |
SOURCE CAP INC | COM | 836144105 | 1,520 | 38,087 | SH | | SOLE | | 38,087 | 0 | 0 |
RPC INC | COM | 749660106 | 1,186 | 376,553 | SH | | SOLE | | 376,553 | 0 | 0 |
FREEPORT-MCMORAN INC | CL B | 35671D857 | 1,205 | 46,317 | SH | | SOLE | | 46,316 | 0 | 0 |
ENTERGY CORP NEW | COM | 29364G103 | 277 | 2,772 | SH | | SOLE | | 2,772 | 0 | 0 |
CATHAY GEN BANCORP | COM | 149150104 | 305 | 9,460 | SH | | SOLE | | 9,460 | 0 | 0 |
EURONAV NV | SHS | B38564108 | 653 | 81,571 | SH | | SOLE | | 81,571 | 0 | 0 |
CALIFORNIA RES CORP | COMMON STOCK | 13057Q305 | 437 | 18,517 | SH | | SOLE | | 18,517 | 0 | 0 |
CREDIT ACCEP CORP MICH | COM | 225310101 | 1,780 | 5,141 | SH | | SOLE | | 5,141 | 0 | 0 |
ABERDEEN EMRG MRKTS EQT INM | COM | 00301W105 | 589 | 72,218 | SH | | SOLE | | 72,217 | 0 | 0 |
ROYCE VALUE TR INC | COM | 780910105 | 1,402 | 86,843 | SH | | SOLE | | 86,842 | 0 | 0 |
TRINITY PL HLDGS INC | COM | 89656D101 | 15 | 12,050 | SH | | SOLE | | 12,050 | 0 | 0 |
GEOSPACE TECHNOLOGIES CORP | COM | 37364X109 | 262 | 30,570 | SH | | SOLE | | 30,570 | 0 | 0 |
METLIFE INC | COM | 59156R108 | 299 | 6,362 | SH | | SOLE | | 6,362 | 0 | 0 |
NOVARTIS AG | SPONSORED ADR | 66987V109 | 590 | 6,245 | SH | | SOLE | | 6,245 | 0 | 0 |
TOTAL SE | SPONSORED ADS | 89151E109 | 270 | 6,450 | SH | | SOLE | | 6,450 | 0 | 0 |
CIMAREX ENERGY CO | COM | 171798101 | 1,092 | 29,120 | SH | | SOLE | | 29,120 | 0 | 0 |
WHITE MTNS INS GROUP LTD | COM | G9618E107 | 24,428 | 24,412 | SH | | SOLE | | 24,412 | 0 | 0 |
MOHAWK INDS INC | COM | 608190104 | 2,084 | 14,785 | SH | | SOLE | | 14,785 | 0 | 0 |
ENBRIDGE INC | COM | 29250N105 | 292 | 9,133 | SH | | SOLE | | 9,133 | 0 | 0 |
GENCO SHIPPING & TRADING LTD | SHS | Y2685T131 | 185 | 25,188 | SH | | SOLE | | 25,188 | 0 | 0 |
TEEKAY CORPORATION | COM | Y8564W103 | 56 | 25,880 | SH | | SOLE | | 25,880 | 0 | 0 |
W & T OFFSHORE INC | COM | 92922P106 | 22 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
CUSTOMERS BANCORP INC | COM | 23204G100 | 527 | 29,000 | SH | | SOLE | | 29,000 | 0 | 0 |
ZOETIS INC | CL A | 98978V103 | 359 | 2,170 | SH | | SOLE | | 2,170 | 0 | 0 |
BLACKSTONE GROUP INC | COM CL A | 09260D107 | 704 | 10,870 | SH | | SOLE | | 10,870 | 0 | 0 |
HALLADOR ENERGY COMPANY | COM | 40609P105 | 18 | 12,500 | SH | | SOLE | | 12,500 | 0 | 0 |
OFG BANCORP | COM | 67103X102 | 325 | 17,550 | SH | | SOLE | | 17,550 | 0 | 0 |
QUALCOMM INC | COM | 747525103 | 300 | 1,970 | SH | | SOLE | | 1,970 | 0 | 0 |
AMBAC FINL GROUP INC | COM NEW | 023139884 | 325 | 21,100 | SH | | SOLE | | 21,100 | 0 | 0 |
BLACKSTONE MTG TR INC | COM CL A | 09257W100 | 377 | 13,700 | SH | | SOLE | | 13,700 | 0 | 0 |
GENERAL DYNAMICS CORP | COM | 369550108 | 302 | 2,028 | SH | | SOLE | | 2,028 | 0 | 0 |
EQT CORP | COM | 26884L109 | 150 | 11,814 | SH | | SOLE | | 11,814 | 0 | 0 |
CISCO SYS INC | COM | 17275R102 | 396 | 8,857 | SH | | SOLE | | 8,857 | 0 | 0 |
LIBERTY GLOBAL PLC | SHS CL C | G5480U120 | 658 | 27,816 | SH | | SOLE | | 27,816 | 0 | 0 |
LENNAR CORP | CL B | 526057302 | 1,883 | 30,760 | SH | | SOLE | | 30,760 | 0 | 0 |
AT&T INC | COM | 00206R102 | 501 | 17,432 | SH | | SOLE | | 17,432 | 0 | 0 |
CONTANGO OIL & GAS CO | COM NEW | 21075N204 | 408 | 178,207 | SH | | SOLE | | 178,207 | 0 | 0 |
WELLS FARGO CO NEW | COM | 949746101 | 438 | 14,505 | SH | | SOLE | | 14,505 | 0 | 0 |
DORCHESTER MINERALS LP | COM UNIT | 25820R105 | 635 | 58,176 | SH | | SOLE | | 58,176 | 0 | 0 |
WESTAMERICA BANCORPORATION | COM | 957090103 | 732 | 13,236 | SH | | SOLE | | 13,236 | 0 | 0 |
INTERNATIONAL PAPER CO | COM | 460146103 | 440 | 8,850 | SH | | SOLE | | 8,850 | 0 | 0 |
CHEVRON CORP NEW | COM | 166764100 | 895 | 10,598 | SH | | SOLE | | 10,598 | 0 | 0 |
CONOCOPHILLIPS | COM | 20825C104 | 799 | 19,991 | SH | | SOLE | | 19,991 | 0 | 0 |
MARKEL CORP | COM | 570535104 | 17,601 | 17,034 | SH | | SOLE | | 17,034 | 0 | 0 |
VANGUARD TAX-MANAGED INTL FD | FTSE DEV MKT ETF | 921943858 | 338 | 7,165 | SH | | SOLE | | 7,165 | 0 | 0 |
GANNETT CO INC | COM | 36472T109 | 40 | 11,908 | SH | | SOLE | | 11,908 | 0 | 0 |
AMERICAN EXPRESS CO | COM | 025816109 | 907 | 7,505 | SH | | SOLE | | 7,505 | 0 | 0 |
AMGEN INC | COM | 031162100 | 1,205 | 5,241 | SH | | SOLE | | 5,240 | 0 | 0 |
APPLIED MATLS INC | COM | 038222105 | 828 | 9,600 | SH | | SOLE | | 9,600 | 0 | 0 |
ALLY FINL INC | COM | 02005N100 | 256 | 7,190 | SH | | SOLE | | 7,190 | 0 | 0 |
TCW STRATEGIC INCOME FD INC | COM | 872340104 | 223 | 39,233 | SH | | SOLE | | 39,233 | 0 | 0 |
SAN JUAN BASIN RTY TR | UNIT BEN INT | 798241105 | 610 | 228,536 | SH | | SOLE | | 228,535 | 0 | 0 |
WILLIAMS COS INC | COM | 969457100 | 243 | 12,100 | SH | | SOLE | | 12,100 | 0 | 0 |
NOW INC | COM | 67011P100 | 778 | 108,418 | SH | | SOLE | | 108,418 | 0 | 0 |
VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | 2,208 | 15,638 | SH | | SOLE | | 15,638 | 0 | 0 |
FIDELITY NATIONAL FINANCIAL | FNF GROUP COM | 31620R303 | 373 | 9,554 | SH | | SOLE | | 9,554 | 0 | 0 |
ENSTAR GROUP LIMITED | SHS | G3075P101 | 17,106 | 83,489 | SH | | SOLE | | 83,489 | 0 | 0 |
ANTERO RESOURCES CORP | COM | 03674X106 | 435 | 79,906 | SH | | SOLE | | 79,906 | 0 | 0 |
LIBERTY MEDIA CORP DEL | COM SER C FRMLA | 531229854 | 578 | 13,566 | SH | | SOLE | | 13,566 | 0 | 0 |
ORION ENGINEERED CARBONS S A | COM | L72967109 | 366 | 21,380 | SH | | SOLE | | 21,380 | 0 | 0 |
DAILY JOURNAL CORP | COM | 233912104 | 359 | 889 | SH | | SOLE | | 889 | 0 | 0 |
LIBERTY BROADBAND CORP | COM SER A | 530307107 | 325 | 2,065 | SH | | SOLE | | 2,065 | 0 | 0 |
LIBERTY BROADBAND CORP | COM SER C | 530307305 | 983 | 6,210 | SH | | SOLE | | 6,210 | 0 | 0 |
CNA FINL CORP | COM | 126117100 | 1,038 | 26,637 | SH | | SOLE | | 26,637 | 0 | 0 |
CORE LABORATORIES N V | COM | N22717107 | 675 | 25,445 | SH | | SOLE | | 25,445 | 0 | 0 |
HELMERICH & PAYNE INC | COM | 423452101 | 590 | 25,480 | SH | | SOLE | | 25,480 | 0 | 0 |
PNC FINL SVCS GROUP INC | COM | 693475105 | 231 | 1,550 | SH | | SOLE | | 1,550 | 0 | 0 |
GRAHAM HLDGS CO | COM CL B | 384637104 | 1,784 | 3,344 | SH | | SOLE | | 3,344 | 0 | 0 |
BERKLEY W R CORP | COM | 084423102 | 18,318 | 275,789 | SH | | SOLE | | 275,788 | 0 | 0 |
LOEWS CORP | COM | 540424108 | 13,762 | 305,676 | SH | | SOLE | | 305,675 | 0 | 0 |
SPROTT FOCUS TR INC | COM | 85208J109 | 116 | 16,837 | SH | | SOLE | | 16,837 | 0 | 0 |
SPROTT PHYSICAL GOLD & SILVE | TR UNIT | 85208R101 | 274 | 14,167 | SH | | SOLE | | 14,167 | 0 | 0 |
CABLE ONE INC | COM | 12685J105 | 780 | 350 | SH | | SOLE | | 350 | 0 | 0 |
PAYPAL HLDGS INC | COM | 70450Y103 | 763 | 3,257 | SH | | SOLE | | 3,257 | 0 | 0 |
SCHWAB CHARLES CORP | COM | 808513105 | 2,511 | 47,335 | SH | | SOLE | | 47,334 | 0 | 0 |
APPLE INC | COM | 037833100 | 2,412 | 18,175 | SH | | SOLE | | 18,175 | 0 | 0 |
ABBOTT LABS | COM | 002824100 | 1,242 | 11,343 | SH | | SOLE | | 11,343 | 0 | 0 |
CSW INDUSTRIALS INC | COM | 126402106 | 313 | 2,800 | SH | | SOLE | | 2,800 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 | 410 | 4,427 | SH | | SOLE | | 4,427 | 0 | 0 |
ALLEGHANY CORP DEL | COM | 017175100 | 20,274 | 33,583 | SH | | SOLE | | 33,583 | 0 | 0 |
FAIRFAX FINL HLDGS LTD SUB VTG | Stock | 303901102 | 11,120 | 32,599 | SH | | SOLE | | 32,599 | 0 | 0 |