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 |
ABBOTT LABS | COM | 002824100 | 1,344 | 34,194 | SH | | SOLE | | 34,194 | 0 | 0 |
ABERDEEN LATIN AMER EQTY FD | COM | 00306K106 | 295 | 14,642 | SH | | SOLE | | 14,642 | 0 | 0 |
ACCURIDE CORP NEW | COM NEW | 00439T206 | 49 | 39,400 | SH | | SOLE | | 39,400 | 0 | 0 |
AIR PRODS & CHEMS INC | COM | 009158106 | 549 | 3,862 | SH | | SOLE | | 3,862 | 0 | 0 |
ALLEGHANY CORP DEL | COM | 017175100 | 21,031 | 38,267 | SH | | SOLE | | 38,267 | 0 | 0 |
AMERICAN CAP LTD | COM | 02503Y103 | 231 | 14,616 | SH | | SOLE | | 14,616 | 0 | 0 |
AMERICAN EXPRESS CO | COM | 025816109 | 566 | 9,314 | SH | | SOLE | | 9,314 | 0 | 0 |
AMERICAN NATL INS CO | COM | 028591105 | 1,706 | 15,078 | SH | | SOLE | | 15,078 | 0 | 0 |
AMGEN INC | COM | 031162100 | 868 | 5,707 | SH | | SOLE | | 5,707 | 0 | 0 |
ANIXTER INTL INC | COM | 035290105 | 213 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
ANNALY CAP MGMT INC | COM | 035710409 | 372 | 33,600 | SH | | SOLE | | 33,600 | 0 | 0 |
APACHE CORP | COM | 037411105 | 256 | 4,594 | SH | | SOLE | | 4,594 | 0 | 0 |
APPLE INC | COM | 037833100 | 1,063 | 11,124 | SH | | SOLE | | 11,124 | 0 | 0 |
APPLIED MATLS INC | COM | 038222105 | 418 | 17,434 | SH | | SOLE | | 17,434 | 0 | 0 |
ARGO GROUP INTL HLDGS LTD | COM | G0464B107 | 243 | 4,679 | SH | | SOLE | | 4,679 | 0 | 0 |
AT&T INC | COM | 00206R102 | 1,630 | 37,730 | SH | | SOLE | | 37,730 | 0 | 0 |
ATWOOD OCEANICS INC | COM | 050095108 | 217 | 17,345 | SH | | SOLE | | 17,345 | 0 | 0 |
BANK AMER CORP | COM | 060505104 | 333 | 25,071 | SH | | SOLE | | 25,071 | 0 | 0 |
BANK NEW YORK MELLON CORP | COM | 064058100 | 3,464 | 89,171 | SH | | SOLE | | 89,171 | 0 | 0 |
BERKLEY W R CORP | COM | 084423102 | 13,887 | 231,759 | SH | | SOLE | | 231,759 | 0 | 0 |
BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | 1,736 | 8 | SH | | SOLE | | 8 | 0 | 0 |
BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 40,458 | 279,428 | SH | | SOLE | | 279,428 | 0 | 0 |
BLACKSTONE GROUP L P | COM UNIT LTD | 09253U108 | 454 | 18,500 | SH | | SOLE | | 18,500 | 0 | 0 |
BLACKSTONE MTG TR INC | COM CL A | 09257W100 | 403 | 14,575 | SH | | SOLE | | 14,575 | 0 | 0 |
BOARDWALK PIPELINE PARTNERS | UT LTD PARTNER | 096627104 | 1,454 | 83,339 | SH | | SOLE | | 83,339 | 0 | 0 |
BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 | 1,480 | 22,700 | SH | | SOLE | | 22,700 | 0 | 0 |
BROOKFIELD ASSET MGMT INC | CL A LTD VT SH | 112585104 | 973 | 29,421 | SH | | SOLE | | 29,421 | 0 | 0 |
CABLE ONE INC | COM | 12685J105 | 371 | 725 | SH | | SOLE | | 725 | 0 | 0 |
CAMECO CORP | COM | 13321L108 | 133 | 12,103 | SH | | SOLE | | 12,103 | 0 | 0 |
CATHAY GEN BANCORP | COM | 149150104 | 305 | 10,800 | SH | | SOLE | | 10,800 | 0 | 0 |
CHESAPEAKE ENERGY CORP | COM | 165167107 | 115 | 26,875 | SH | | SOLE | | 26,875 | 0 | 0 |
CHEVRON CORP NEW | COM | 166764100 | 1,655 | 15,790 | SH | | SOLE | | 15,790 | 0 | 0 |
CHICAGO BRIDGE & IRON CO N V | COM | 167250109 | 2,881 | 83,193 | SH | | SOLE | | 83,193 | 0 | 0 |
CIMAREX ENERGY CO | COM | 171798101 | 5,770 | 48,361 | SH | | SOLE | | 48,361 | 0 | 0 |
CISCO SYS INC | COM | 17275R102 | 663 | 23,106 | SH | | SOLE | | 23,106 | 0 | 0 |
CLOROX CO DEL | COM | 189054109 | 372 | 2,685 | SH | | SOLE | | 2,685 | 0 | 0 |
CNA FINL CORP | COM | 126117100 | 1,514 | 48,201 | SH | | SOLE | | 48,201 | 0 | 0 |
COCA COLA CO | COM | 191216100 | 2,140 | 47,200 | SH | | SOLE | | 47,200 | 0 | 0 |
COMCAST CORP NEW | CL A | 20030N101 | 201 | 3,083 | SH | | SOLE | | 3,083 | 0 | 0 |
CONOCOPHILLIPS | COM | 20825C104 | 893 | 20,480 | SH | | SOLE | | 20,480 | 0 | 0 |
CONSOL ENERGY INC | COM | 20854P109 | 168 | 10,450 | SH | | SOLE | | 10,450 | 0 | 0 |
CONSOLIDATED TOMOKA LD CO | COM | 210226106 | 1,623 | 34,182 | SH | | SOLE | | 34,182 | 0 | 0 |
CORNING INC | COM | 219350105 | 498 | 24,330 | SH | | SOLE | | 24,330 | 0 | 0 |
COVANTA HLDG CORP | COM | 22282E102 | 662 | 40,250 | SH | | SOLE | | 40,250 | 0 | 0 |
CROSS TIMBERS RTY TR | TR UNIT | 22757R109 | 814 | 44,900 | SH | | SOLE | | 44,900 | 0 | 0 |
DAILY JOURNAL CORP | COM | 233912104 | 211 | 889 | SH | | SOLE | | 889 | 0 | 0 |
DEVON ENERGY CORP NEW | COM | 25179M103 | 3,531 | 97,409 | SH | | SOLE | | 97,409 | 0 | 0 |
DIAMOND OFFSHORE DRILLING IN | COM | 25271C102 | 929 | 38,196 | SH | | SOLE | | 38,196 | 0 | 0 |
DORCHESTER MINERALS LP | COM UNIT | 25820R105 | 241 | 16,716 | SH | | SOLE | | 16,716 | 0 | 0 |
DOW CHEM CO | COM | 260543103 | 357 | 7,174 | SH | | SOLE | | 7,174 | 0 | 0 |
DU PONT E I DE NEMOURS & CO | COM | 263534109 | 1,841 | 28,414 | SH | | SOLE | | 28,414 | 0 | 0 |
EBAY INC | COM | 278642103 | 217 | 9,255 | SH | | SOLE | | 9,255 | 0 | 0 |
EDISON INTL | COM | 281020107 | 272 | 3,500 | SH | | SOLE | | 3,500 | 0 | 0 |
EMERSON ELEC CO | COM | 291011104 | 1,440 | 27,610 | SH | | SOLE | | 27,610 | 0 | 0 |
ENCANA CORP | COM | 292505104 | 203 | 26,100 | SH | | SOLE | | 26,100 | 0 | 0 |
ENSCO PLC | SHS CLASS A | G3157S106 | 196 | 20,205 | SH | | SOLE | | 20,205 | 0 | 0 |
ENSTAR GROUP LIMITED | SHS | G3075P101 | 8,503 | 52,492 | SH | | SOLE | | 52,492 | 0 | 0 |
ENTERGY CORP NEW | COM | 29364G103 | 639 | 7,850 | SH | | SOLE | | 7,850 | 0 | 0 |
ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 242 | 8,265 | SH | | SOLE | | 8,265 | 0 | 0 |
EQT CORP | COM | 26884L109 | 302 | 3,900 | SH | | SOLE | | 3,900 | 0 | 0 |
EXPRESS SCRIPTS HLDG CO | COM | 30219G108 | 648 | 8,549 | SH | | SOLE | | 8,549 | 0 | 0 |
EXXON MOBIL CORP | COM | 30231G102 | 508 | 5,414 | SH | | SOLE | | 5,414 | 0 | 0 |
Fairfax Financial Hldgs Ltd | COM | 303901102 | 11,240 | 20,853 | SH | | SOLE | | 20,853 | 0 | 0 |
FORTRESS INVESTMENT GROUP LL | CL A | 34958B106 | 440 | 99,460 | SH | | SOLE | | 99,460 | 0 | 0 |
GANNETT CO INC | COM | 36473H104 | 1,124 | 81,415 | SH | | SOLE | | 81,415 | 0 | 0 |
GENERAL AMERN INVS INC | COM | 368802104 | 4,614 | 149,722 | SH | | SOLE | | 149,722 | 0 | 0 |
GENERAL DYNAMICS CORP | COM | 369550108 | 571 | 4,102 | SH | | SOLE | | 4,102 | 0 | 0 |
GENERAL ELECTRIC CO | COM | 369604103 | 457 | 14,522 | SH | | SOLE | | 14,522 | 0 | 0 |
GEOSPACE TECHNOLOGIES CORP | COM | 37364X109 | 534 | 32,595 | SH | | SOLE | | 32,595 | 0 | 0 |
GOLUB CAP BDC INC | COM | 38173M102 | 314 | 17,400 | SH | | SOLE | | 17,400 | 0 | 0 |
GRAHAM HLDGS CO | COM | 384637104 | 355 | 725 | SH | | SOLE | | 725 | 0 | 0 |
GRAN TIERRA ENERGY INC | COM | 38500T101 | 41 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
GREIF INC | CL B | 397624206 | 1,700 | 31,047 | SH | | SOLE | | 31,047 | 0 | 0 |
HALLADOR ENERGY COMPANY | COM | 40609P105 | 89 | 19,170 | SH | | SOLE | | 19,170 | 0 | 0 |
HARTFORD FINL SVCS GROUP INC | COM | 416515104 | 537 | 12,100 | SH | | SOLE | | 12,100 | 0 | 0 |
HELMERICH & PAYNE INC | COM | 423452101 | 806 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
IDT CORP | CL B NEW | 448947507 | 190 | 13,422 | SH | | SOLE | | 13,422 | 0 | 0 |
INTEL CORP | COM | 458140100 | 402 | 12,245 | SH | | SOLE | | 12,245 | 0 | 0 |
INTERNATIONAL BUSINESS MACHS | COM | 459200101 | 2,348 | 15,472 | SH | | SOLE | | 15,472 | 0 | 0 |
INTL PAPER CO | COM | 460146103 | 680 | 16,052 | SH | | SOLE | | 16,052 | 0 | 0 |
JOHNSON & JOHNSON | COM | 478160104 | 3,744 | 30,866 | SH | | SOLE | | 30,866 | 0 | 0 |
KLONDEX MNS LTD | COM | 498696103 | 40 | 11,000 | SH | | SOLE | | 11,000 | 0 | 0 |
LENNAR CORP | CL B | 526057302 | 778 | 20,875 | SH | | SOLE | | 20,875 | 0 | 0 |
LEUCADIA NATL CORP | COM | 527288104 | 8,194 | 472,844 | SH | | SOLE | | 472,844 | 0 | 0 |
LIBERTY BROADBAND CORP | COM SER C | 530307305 | 412 | 6,869 | SH | | SOLE | | 6,869 | 0 | 0 |
LIBERTY GLOBAL PLC | SHS CL C | G5480U120 | 376 | 13,111 | SH | | SOLE | | 13,111 | 0 | 0 |
LIBERTY MEDIA CORP DELAWARE | COM A SIRIUSXM | 531229409 | 344 | 10,956 | SH | | SOLE | | 10,956 | 0 | 0 |
LIBERTY MEDIA CORP DELAWARE | COM C BRAVES GRP | 531229888 | 188 | 12,852 | SH | | SOLE | | 12,852 | 0 | 0 |
LIBERTY MEDIA CORP DELAWARE | COM C SIRIUSXM | 531229607 | 2,348 | 76,069 | SH | | SOLE | | 76,069 | 0 | 0 |
LOEWS CORP | COM | 540424108 | 12,332 | 300,121 | SH | | SOLE | | 300,121 | 0 | 0 |
MARATHON OIL CORP | COM | 565849106 | 686 | 45,725 | SH | | SOLE | | 45,725 | 0 | 0 |
MARKEL CORP | COM | 570535104 | 16,325 | 17,134 | SH | | SOLE | | 17,134 | 0 | 0 |
MCDERMOTT INTL INC | COM | 580037109 | 122 | 24,600 | SH | | SOLE | | 24,600 | 0 | 0 |
Medtronic Inc | COM | 585055106 | 463 | 5,332 | SH | | SOLE | | 5,332 | 0 | 0 |
MERCK & CO INC | COM | 58933Y105 | 322 | 5,584 | SH | | SOLE | | 5,584 | 0 | 0 |
METHANEX CORP | COM | 59151K108 | 271 | 9,300 | SH | | SOLE | | 9,300 | 0 | 0 |
METLIFE INC | COM | 59156R108 | 486 | 12,205 | SH | | SOLE | | 12,205 | 0 | 0 |
MFC BANCORP LTD | COM | 55278T105 | 73 | 33,411 | SH | | SOLE | | 33,411 | 0 | 0 |
MICROSOFT CORP | COM | 594918104 | 4,063 | 79,403 | SH | | SOLE | | 79,403 | 0 | 0 |
MONMOUTH REAL ESTATE INVT CO | CL A | 609720107 | 1,108 | 83,578 | SH | | SOLE | | 83,578 | 0 | 0 |
NABORS INDUSTRIES LTD | SHS | G6359F103 | 105 | 10,400 | SH | | SOLE | | 10,400 | 0 | 0 |
NEW MEDIA INVT GROUP INC | COM | 64704V106 | 508 | 28,106 | SH | | SOLE | | 28,106 | 0 | 0 |
NOBLE CORP PLC | SHS USD | G65431101 | 314 | 38,075 | SH | | SOLE | | 38,075 | 0 | 0 |
NOVARTIS A G | SPONSORED ADR | 66987V109 | 736 | 8,926 | SH | | SOLE | | 8,926 | 0 | 0 |
NOW INC | COM | 67011P100 | 1,010 | 55,685 | SH | | SOLE | | 55,685 | 0 | 0 |
NRG ENERGY INC | COM NEW | 629377508 | 154 | 10,279 | SH | | SOLE | | 10,279 | 0 | 0 |
OAK VALLEY BANCORP OAKDALE C | COM | 671807105 | 255 | 26,125 | SH | | SOLE | | 26,125 | 0 | 0 |
OAKTREE CAP GROUP LLC | UNIT CL A | 674001201 | 568 | 12,700 | SH | | SOLE | | 12,700 | 0 | 0 |
OCCIDENTAL PETE CORP DEL | COM | 674599105 | 695 | 9,195 | SH | | SOLE | | 9,195 | 0 | 0 |
OFG BANCORP | COM | 67103X102 | 248 | 29,916 | SH | | SOLE | | 29,916 | 0 | 0 |
PATTERSON UTI ENERGY INC | COM | 703481101 | 750 | 35,200 | SH | | SOLE | | 35,200 | 0 | 0 |
PAYPAL HLDGS INC | COM | 70450Y103 | 318 | 8,703 | SH | | SOLE | | 8,703 | 0 | 0 |
PERMIAN BASIN RTY TR | UNIT BEN INT | 714236106 | 566 | 77,150 | SH | | SOLE | | 77,150 | 0 | 0 |
PFIZER INC | COM | 717081103 | 649 | 18,444 | SH | | SOLE | | 18,444 | 0 | 0 |
PG&E CORP | COM | 69331C108 | 237 | 3,703 | SH | | SOLE | | 3,703 | 0 | 0 |
PICO HLDGS INC | COM NEW | 693366205 | 1,175 | 124,217 | SH | | SOLE | | 124,217 | 0 | 0 |
PNC FINL SVCS GROUP INC | COM | 693475105 | 504 | 6,190 | SH | | SOLE | | 6,190 | 0 | 0 |
PROCTER & GAMBLE CO | COM | 742718109 | 471 | 5,557 | SH | | SOLE | | 5,557 | 0 | 0 |
REIS INC | COM | 75936P105 | 234 | 9,400 | SH | | SOLE | | 9,400 | 0 | 0 |
RENAISSANCERE HOLDINGS LTD | COM | G7496G103 | 235 | 2,000 | SH | | SOLE | | 2,000 | 0 | 0 |
RESOLUTE FST PRODS INC | COM | 76117W109 | 68 | 12,800 | SH | | SOLE | | 12,800 | 0 | 0 |
ROYCE GLOBAL VALUE TR INC | COM | 78081T104 | 85 | 11,171 | SH | | SOLE | | 11,171 | 0 | 0 |
ROYCE MICRO-CAP TR INC | COM | 780915104 | 787 | 107,238 | SH | | SOLE | | 107,238 | 0 | 0 |
ROYCE VALUE TR INC | COM | 780910105 | 977 | 83,015 | SH | | SOLE | | 83,015 | 0 | 0 |
RPC INC | COM | 749660106 | 6,264 | 403,367 | SH | | SOLE | | 403,367 | 0 | 0 |
SABINE ROYALTY TR | UNIT BEN INT | 785688102 | 296 | 8,847 | SH | | SOLE | | 8,847 | 0 | 0 |
SAN JUAN BASIN RTY TR | UNIT BEN INT | 798241105 | 1,044 | 143,616 | SH | | SOLE | | 143,616 | 0 | 0 |
SCRIPPS E W CO OHIO | CL A NEW | 811054402 | 612 | 38,633 | SH | | SOLE | | 38,633 | 0 | 0 |
SEMPRA ENERGY | COM | 816851109 | 545 | 4,777 | SH | | SOLE | | 4,777 | 0 | 0 |
SNYDERS-LANCE INC | COM | 833551104 | 437 | 12,886 | SH | | SOLE | | 12,886 | 0 | 0 |
SOURCE CAP INC | COM | 836144105 | 1,952 | 52,919 | SH | | SOLE | | 52,919 | 0 | 0 |
SOUTHERN CO | COM | 842587107 | 454 | 8,466 | SH | | SOLE | | 8,466 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 229 | 1,095 | SH | | SOLE | | 1,095 | 0 | 0 |
STARZ | COM SER A | 85571Q102 | 317 | 10,598 | SH | | SOLE | | 10,598 | 0 | 0 |
SYSCO CORP | COM | 871829107 | 917 | 18,080 | SH | | SOLE | | 18,080 | 0 | 0 |
TCW STRATEGIC INCOME FUND IN | COM | 872340104 | 321 | 58,918 | SH | | SOLE | | 58,918 | 0 | 0 |
TEGNA INC | COM | 87901J105 | 3,764 | 162,450 | SH | | SOLE | | 162,450 | 0 | 0 |
TIDEWATER INC | COM | 886423102 | 47 | 10,600 | SH | | SOLE | | 10,600 | 0 | 0 |
TIMMINS GOLD CORP | COM | 88741P103 | 4 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
TOTAL S A | SPONSORED ADR | 89151E109 | 253 | 5,261 | SH | | SOLE | | 5,261 | 0 | 0 |
TRI POINTE GROUP INC | COM | 87265H109 | 2,448 | 207,139 | SH | | SOLE | | 207,139 | 0 | 0 |
UNITED SECURITY BANCSHARES C | COM | 911460103 | 130 | 20,237 | SH | | SOLE | | 20,237 | 0 | 0 |
US BANCORP DEL | COM NEW | 902973304 | 871 | 21,591 | SH | | SOLE | | 21,591 | 0 | 0 |
V F CORP | COM | 918204108 | 468 | 7,604 | SH | | SOLE | | 7,604 | 0 | 0 |
VANGUARD SPECIALIZED PORTFOL | DIV APP ETF | 921908844 | 1,862 | 22,371 | SH | | SOLE | | 22,371 | 0 | 0 |
VERIZON COMMUNICATIONS INC | COM | 92343V104 | 737 | 13,190 | SH | | SOLE | | 13,190 | 0 | 0 |
VODAFONE GROUP PLC NEW | SPNSR ADR | 92857W308 | 739 | 23,911 | SH | | SOLE | | 23,911 | 0 | 0 |
W & T OFFSHORE INC | COM | 92922P106 | 23 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
WAL-MART STORES INC | COM | 931142103 | 488 | 6,680 | SH | | SOLE | | 6,680 | 0 | 0 |
WELLS FARGO & CO NEW | COM | 949746101 | 1,279 | 27,017 | SH | | SOLE | | 27,017 | 0 | 0 |
WESTAMERICA BANCORPORATION | COM | 957090103 | 4,113 | 83,498 | SH | | SOLE | | 83,498 | 0 | 0 |
WEYERHAEUSER CO | COM | 962166104 | 862 | 28,971 | SH | | SOLE | | 28,971 | 0 | 0 |
WHITE MTNS INS GROUP LTD | COM | G9618E107 | 26,129 | 31,032 | SH | | SOLE | | 31,032 | 0 | 0 |
WILEY JOHN & SONS INC | CL A | 968223206 | 618 | 11,850 | SH | | SOLE | | 11,850 | 0 | 0 |