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 | 1,387 | 32,796 | SH | | SOLE | | 32,796 | 0 | 0 |
ABERDEEN LATIN AMER EQTY FD | COM | 00306K106 | 311 | 14,642 | SH | | SOLE | | 14,642 | 0 | 0 |
ACCURIDE CORP NEW | COM NEW | 00439T206 | 101 | 39,400 | SH | | SOLE | | 39,400 | 0 | 0 |
AIR PRODS & CHEMS INC | COM | 009158106 | 581 | 3,862 | SH | | SOLE | | 3,862 | 0 | 0 |
ALLEGHANY CORP DEL | COM | 017175100 | 20,227 | 38,526 | SH | | SOLE | | 38,526 | 0 | 0 |
AMERCO | COM | 023586100 | 657 | 2,025 | SH | | SOLE | | 2,025 | 0 | 0 |
AMERICAN CAP LTD | COM | 02503Y103 | 247 | 14,616 | SH | | SOLE | | 14,616 | 0 | 0 |
AMERICAN EXPRESS CO | COM | 025816109 | 596 | 9,314 | SH | | SOLE | | 9,314 | 0 | 0 |
AMERICAN NATL INS CO | COM | 028591105 | 1,774 | 14,548 | SH | | SOLE | | 14,548 | 0 | 0 |
AMGEN INC | COM | 031162100 | 952 | 5,709 | SH | | SOLE | | 5,709 | 0 | 0 |
ANIXTER INTL INC | COM | 035290105 | 258 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
ANNALY CAP MGMT INC | COM | 035710409 | 353 | 33,600 | SH | | SOLE | | 33,600 | 0 | 0 |
APACHE CORP | COM | 037411105 | 293 | 4,594 | SH | | SOLE | | 4,594 | 0 | 0 |
APPLE INC | COM | 037833100 | 1,263 | 11,176 | SH | | SOLE | | 11,176 | 0 | 0 |
APPLIED MATLS INC | COM | 038222105 | 523 | 17,334 | SH | | SOLE | | 17,334 | 0 | 0 |
ARGO GROUP INTL HLDGS LTD | COM | G0464B107 | 264 | 4,679 | SH | | SOLE | | 4,679 | 0 | 0 |
AT&T INC | COM | 00206R102 | 1,483 | 36,530 | SH | | SOLE | | 36,530 | 0 | 0 |
ATWOOD OCEANICS INC | COM | 050095108 | 151 | 17,345 | SH | | SOLE | | 17,345 | 0 | 0 |
BANK AMER CORP | COM | 060505104 | 392 | 25,072 | SH | | SOLE | | 25,072 | 0 | 0 |
BANK NEW YORK MELLON CORP | COM | 064058100 | 3,528 | 88,471 | SH | | SOLE | | 88,471 | 0 | 0 |
BERKLEY W R CORP | COM | 084423102 | 13,308 | 230,395 | SH | | SOLE | | 230,395 | 0 | 0 |
BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | 1,730 | 8 | SH | | SOLE | | 8 | 0 | 0 |
BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 40,273 | 278,764 | SH | | SOLE | | 278,764 | 0 | 0 |
BLACKSTONE GROUP L P | COM UNIT LTD | 09253U108 | 460 | 18,000 | SH | | SOLE | | 18,000 | 0 | 0 |
BLACKSTONE MTG TR INC | COM CL A | 09257W100 | 429 | 14,575 | SH | | SOLE | | 14,575 | 0 | 0 |
BOARDWALK PIPELINE PARTNERS | UT LTD PARTNER | 096627104 | 1,929 | 112,425 | SH | | SOLE | | 112,425 | 0 | 0 |
BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 | 1,539 | 22,700 | SH | | SOLE | | 22,700 | 0 | 0 |
BROOKFIELD ASSET MGMT INC | CL A LTD VT SH | 112585104 | 1,035 | 29,421 | SH | | SOLE | | 29,421 | 0 | 0 |
CABLE ONE INC | COM | 12685J105 | 423 | 725 | SH | | SOLE | | 725 | 0 | 0 |
CAMECO CORP | COM | 13321L108 | 104 | 12,103 | SH | | SOLE | | 12,103 | 0 | 0 |
CATHAY GEN BANCORP | COM | 149150104 | 332 | 10,800 | SH | | SOLE | | 10,800 | 0 | 0 |
CHESAPEAKE ENERGY CORP | COM | 165167107 | 169 | 26,875 | SH | | SOLE | | 26,875 | 0 | 0 |
CHEVRON CORP NEW | COM | 166764100 | 1,636 | 15,895 | SH | | SOLE | | 15,895 | 0 | 0 |
CHICAGO BRIDGE & IRON CO N V | COM | 167250109 | 2,321 | 82,793 | SH | | SOLE | | 82,793 | 0 | 0 |
CIMAREX ENERGY CO | COM | 171798101 | 6,498 | 48,362 | SH | | SOLE | | 48,362 | 0 | 0 |
CISCO SYS INC | COM | 17275R102 | 727 | 22,934 | SH | | SOLE | | 22,934 | 0 | 0 |
CLOROX CO DEL | COM | 189054109 | 311 | 2,485 | SH | | SOLE | | 2,485 | 0 | 0 |
CNA FINL CORP | COM | 126117100 | 1,678 | 48,753 | SH | | SOLE | | 48,753 | 0 | 0 |
COCA COLA CO | COM | 191216100 | 1,998 | 47,200 | SH | | SOLE | | 47,200 | 0 | 0 |
COMCAST CORP NEW | CL A | 20030N101 | 205 | 3,083 | SH | | SOLE | | 3,083 | 0 | 0 |
CONOCOPHILLIPS | COM | 20825C104 | 1,132 | 26,031 | SH | | SOLE | | 26,031 | 0 | 0 |
CONSOL ENERGY INC | COM | 20854P109 | 201 | 10,450 | SH | | SOLE | | 10,450 | 0 | 0 |
CONSOLIDATED TOMOKA LD CO | COM | 210226106 | 1,744 | 34,062 | SH | | SOLE | | 34,062 | 0 | 0 |
CONTANGO OIL & GAS COMPANY | COM NEW | 21075N204 | 186 | 18,193 | SH | | SOLE | | 18,193 | 0 | 0 |
CORNING INC | COM | 219350105 | 537 | 22,690 | SH | | SOLE | | 22,690 | 0 | 0 |
COVANTA HLDG CORP | COM | 22282E102 | 619 | 40,250 | SH | | SOLE | | 40,250 | 0 | 0 |
CROSS TIMBERS RTY TR | TR UNIT | 22757R109 | 819 | 44,900 | SH | | SOLE | | 44,900 | 0 | 0 |
DEVON ENERGY CORP NEW | COM | 25179M103 | 4,261 | 96,610 | SH | | SOLE | | 96,610 | 0 | 0 |
DIAMOND OFFSHORE DRILLING IN | COM | 25271C102 | 665 | 37,750 | SH | | SOLE | | 37,750 | 0 | 0 |
DORCHESTER MINERALS LP | COM UNIT | 25820R105 | 362 | 23,516 | SH | | SOLE | | 23,516 | 0 | 0 |
DOW CHEM CO | COM | 260543103 | 372 | 7,174 | SH | | SOLE | | 7,174 | 0 | 0 |
DU PONT E I DE NEMOURS & CO | COM | 263534109 | 1,903 | 28,414 | SH | | SOLE | | 28,414 | 0 | 0 |
EBAY INC | COM | 278642103 | 285 | 8,655 | SH | | SOLE | | 8,655 | 0 | 0 |
EDISON INTL | COM | 281020107 | 253 | 3,500 | SH | | SOLE | | 3,500 | 0 | 0 |
EMERSON ELEC CO | COM | 291011104 | 1,506 | 27,623 | SH | | SOLE | | 27,623 | 0 | 0 |
ENCANA CORP | COM | 292505104 | 273 | 26,100 | SH | | SOLE | | 26,100 | 0 | 0 |
ENSCO PLC | SHS CLASS A | G3157S106 | 172 | 20,206 | SH | | SOLE | | 20,206 | 0 | 0 |
ENSTAR GROUP LIMITED | SHS | G3075P101 | 8,929 | 54,292 | SH | | SOLE | | 54,292 | 0 | 0 |
ENTERGY CORP NEW | COM | 29364G103 | 602 | 7,850 | SH | | SOLE | | 7,850 | 0 | 0 |
ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 228 | 8,265 | SH | | SOLE | | 8,265 | 0 | 0 |
EQT CORP | COM | 26884L109 | 283 | 3,900 | SH | | SOLE | | 3,900 | 0 | 0 |
EXPRESS SCRIPTS HLDG CO | COM | 30219G108 | 603 | 8,549 | SH | | SOLE | | 8,549 | 0 | 0 |
EXXON MOBIL CORP | COM | 30231G102 | 473 | 5,415 | SH | | SOLE | | 5,415 | 0 | 0 |
Fairfax Financial Hldgs Ltd | COM | 303901102 | 12,082 | 20,612 | SH | | SOLE | | 20,612 | 0 | 0 |
FORTRESS INVESTMENT GROUP LL | CL A | 34958B106 | 491 | 99,460 | SH | | SOLE | | 99,460 | 0 | 0 |
GANNETT CO INC | COM | 36473H104 | 948 | 81,415 | SH | | SOLE | | 81,415 | 0 | 0 |
GENER8 MARITIME INC | COM | Y26889108 | 90 | 17,500 | SH | | SOLE | | 17,500 | 0 | 0 |
GENERAL AMERN INVS INC | COM | 368802104 | 4,861 | 148,887 | SH | | SOLE | | 148,887 | 0 | 0 |
GENERAL DYNAMICS CORP | COM | 369550108 | 636 | 4,102 | SH | | SOLE | | 4,102 | 0 | 0 |
GENERAL ELECTRIC CO | COM | 369604103 | 430 | 14,524 | SH | | SOLE | | 14,524 | 0 | 0 |
GEOSPACE TECHNOLOGIES CORP | COM | 37364X109 | 635 | 32,595 | SH | | SOLE | | 32,595 | 0 | 0 |
GOLUB CAP BDC INC | COM | 38173M102 | 280 | 15,100 | SH | | SOLE | | 15,100 | 0 | 0 |
GRAHAM HLDGS CO | COM | 384637104 | 349 | 725 | SH | | SOLE | | 725 | 0 | 0 |
GRAN TIERRA ENERGY INC | COM | 38500T101 | 36 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
GREIF INC | CL B | 397624206 | 1,833 | 30,247 | SH | | SOLE | | 30,247 | 0 | 0 |
HALLADOR ENERGY COMPANY | COM | 40609P105 | 151 | 19,171 | SH | | SOLE | | 19,171 | 0 | 0 |
HARTFORD FINL SVCS GROUP INC | COM | 416515104 | 501 | 11,700 | SH | | SOLE | | 11,700 | 0 | 0 |
HELMERICH & PAYNE INC | COM | 423452101 | 1,312 | 19,500 | SH | | SOLE | | 19,500 | 0 | 0 |
IDT CORP | CL B NEW | 448947507 | 231 | 13,422 | SH | | SOLE | | 13,422 | 0 | 0 |
INTEL CORP | COM | 458140100 | 462 | 12,245 | SH | | SOLE | | 12,245 | 0 | 0 |
INTERNATIONAL BUSINESS MACHS | COM | 459200101 | 2,444 | 15,388 | SH | | SOLE | | 15,388 | 0 | 0 |
INTL PAPER CO | COM | 460146103 | 770 | 16,052 | SH | | SOLE | | 16,052 | 0 | 0 |
JOHNSON & JOHNSON | COM | 478160104 | 3,646 | 30,866 | SH | | SOLE | | 30,866 | 0 | 0 |
KLONDEX MNS LTD | COM | 498696103 | 63 | 11,000 | SH | | SOLE | | 11,000 | 0 | 0 |
LENNAR CORP | CL B | 526057302 | 833 | 24,800 | SH | | SOLE | | 24,800 | 0 | 0 |
LEUCADIA NATL CORP | COM | 527288104 | 9,027 | 474,118 | SH | | SOLE | | 474,118 | 0 | 0 |
LIBERTY BROADBAND CORP | COM SER C | 530307305 | 486 | 6,797 | SH | | SOLE | | 6,797 | 0 | 0 |
LIBERTY GLOBAL PLC | SHS CL C | G5480U120 | 432 | 13,060 | SH | | SOLE | | 13,060 | 0 | 0 |
LIBERTY MEDIA CORP DELAWARE | COM A SIRIUSXM | 531229409 | 370 | 10,901 | SH | | SOLE | | 10,901 | 0 | 0 |
LIBERTY MEDIA CORP DELAWARE | COM C BRAVES GRP | 531229888 | 221 | 12,744 | SH | | SOLE | | 12,744 | 0 | 0 |
LIBERTY MEDIA CORP DELAWARE | COM C MEDIA GRP | 531229854 | 526 | 18,681 | SH | | SOLE | | 18,681 | 0 | 0 |
LIBERTY MEDIA CORP DELAWARE | COM C SIRIUSXM | 531229607 | 2,517 | 75,344 | SH | | SOLE | | 75,344 | 0 | 0 |
LOEWS CORP | COM | 540424108 | 12,511 | 304,024 | SH | | SOLE | | 304,024 | 0 | 0 |
MARATHON OIL CORP | COM | 565849106 | 723 | 45,725 | SH | | SOLE | | 45,725 | 0 | 0 |
MARKEL CORP | COM | 570535104 | 15,850 | 17,066 | SH | | SOLE | | 17,066 | 0 | 0 |
MCDERMOTT INTL INC | COM | 580037109 | 115 | 23,000 | SH | | SOLE | | 23,000 | 0 | 0 |
MEDTRONIC PLC | SHS | G5960L103 | 461 | 5,332 | SH | | SOLE | | 5,332 | 0 | 0 |
MERCK & CO INC | COM | 58933Y105 | 349 | 5,589 | SH | | SOLE | | 5,589 | 0 | 0 |
METHANEX CORP | COM | 59151K108 | 332 | 9,300 | SH | | SOLE | | 9,300 | 0 | 0 |
METLIFE INC | COM | 59156R108 | 542 | 12,205 | SH | | SOLE | | 12,205 | 0 | 0 |
MICROSOFT CORP | COM | 594918104 | 4,553 | 79,053 | SH | | SOLE | | 79,053 | 0 | 0 |
MONMOUTH REAL ESTATE INVT CO | CL A | 609720107 | 1,123 | 78,678 | SH | | SOLE | | 78,678 | 0 | 0 |
NABORS INDUSTRIES LTD | SHS | G6359F103 | 126 | 10,400 | SH | | SOLE | | 10,400 | 0 | 0 |
NEW MEDIA INVT GROUP INC | COM | 64704V106 | 436 | 28,106 | SH | | SOLE | | 28,106 | 0 | 0 |
NOBLE CORP PLC | SHS USD | G65431101 | 245 | 38,573 | SH | | SOLE | | 38,573 | 0 | 0 |
NOVARTIS A G | SPONSORED ADR | 66987V109 | 705 | 8,926 | SH | | SOLE | | 8,926 | 0 | 0 |
NOW INC | COM | 67011P100 | 1,187 | 55,375 | SH | | SOLE | | 55,375 | 0 | 0 |
NRG ENERGY INC | COM NEW | 629377508 | 115 | 10,280 | SH | | SOLE | | 10,280 | 0 | 0 |
OAK VALLEY BANCORP OAKDALE C | COM | 671807105 | 266 | 26,125 | SH | | SOLE | | 26,125 | 0 | 0 |
OAKTREE CAP GROUP LLC | UNIT CL A | 674001201 | 560 | 13,200 | SH | | SOLE | | 13,200 | 0 | 0 |
OCCIDENTAL PETE CORP DEL | COM | 674599105 | 671 | 9,203 | SH | | SOLE | | 9,203 | 0 | 0 |
OFG BANCORP | COM | 67103X102 | 302 | 29,916 | SH | | SOLE | | 29,916 | 0 | 0 |
OMNICOM GROUP INC | COM | 681919106 | 204 | 2,400 | SH | | SOLE | | 2,400 | 0 | 0 |
PATTERSON UTI ENERGY INC | COM | 703481101 | 787 | 35,200 | SH | | SOLE | | 35,200 | 0 | 0 |
PAYPAL HLDGS INC | COM | 70450Y103 | 357 | 8,703 | SH | | SOLE | | 8,703 | 0 | 0 |
PERMIAN BASIN RTY TR | UNIT BEN INT | 714236106 | 538 | 77,150 | SH | | SOLE | | 77,150 | 0 | 0 |
PFIZER INC | COM | 717081103 | 625 | 18,444 | SH | | SOLE | | 18,444 | 0 | 0 |
PG&E CORP | COM | 69331C108 | 227 | 3,703 | SH | | SOLE | | 3,703 | 0 | 0 |
PICO HLDGS INC | COM NEW | 693366205 | 1,460 | 123,830 | SH | | SOLE | | 123,830 | 0 | 0 |
PIONEER NAT RES CO | COM | 723787107 | 213 | 1,146 | SH | | SOLE | | 1,146 | 0 | 0 |
PNC FINL SVCS GROUP INC | COM | 693475105 | 558 | 6,190 | SH | | SOLE | | 6,190 | 0 | 0 |
PROCTER AND GAMBLE CO | COM | 742718109 | 501 | 5,583 | SH | | SOLE | | 5,583 | 0 | 0 |
RENAISSANCERE HOLDINGS LTD | COM | G7496G103 | 240 | 2,000 | SH | | SOLE | | 2,000 | 0 | 0 |
RESOLUTE FST PRODS INC | COM | 76117W109 | 61 | 12,800 | SH | | SOLE | | 12,800 | 0 | 0 |
ROYCE GLOBAL VALUE TR INC | COM | 78081T104 | 91 | 11,171 | SH | | SOLE | | 11,171 | 0 | 0 |
ROYCE MICRO-CAP TR INC | COM | 780915104 | 838 | 107,238 | SH | | SOLE | | 107,238 | 0 | 0 |
ROYCE VALUE TR INC | COM | 780910105 | 1,042 | 82,294 | SH | | SOLE | | 82,294 | 0 | 0 |
RPC INC | COM | 749660106 | 6,777 | 403,367 | SH | | SOLE | | 403,367 | 0 | 0 |
SABINE ROYALTY TR | UNIT BEN INT | 785688102 | 518 | 14,080 | SH | | SOLE | | 14,080 | 0 | 0 |
SAN JUAN BASIN RTY TR | UNIT BEN INT | 798241105 | 837 | 141,825 | SH | | SOLE | | 141,825 | 0 | 0 |
SCRIPPS E W CO OHIO | CL A NEW | 811054402 | 614 | 38,633 | SH | | SOLE | | 38,633 | 0 | 0 |
SEMPRA ENERGY | COM | 816851109 | 512 | 4,777 | SH | | SOLE | | 4,777 | 0 | 0 |
SNYDERS-LANCE INC | COM | 833551104 | 433 | 12,886 | SH | | SOLE | | 12,886 | 0 | 0 |
SOURCE CAP INC | COM | 836144105 | 2,162 | 58,869 | SH | | SOLE | | 58,869 | 0 | 0 |
SOUTHERN CO | COM | 842587107 | 434 | 8,466 | SH | | SOLE | | 8,466 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 237 | 1,095 | SH | | SOLE | | 1,095 | 0 | 0 |
STARZ | COM SER A | 85571Q102 | 328 | 10,504 | SH | | SOLE | | 10,504 | 0 | 0 |
SYSCO CORP | COM | 871829107 | 871 | 17,780 | SH | | SOLE | | 17,780 | 0 | 0 |
TCW STRATEGIC INCOME FUND IN | COM | 872340104 | 312 | 58,918 | SH | | SOLE | | 58,918 | 0 | 0 |
TEGNA INC | COM | 87901J105 | 3,551 | 162,450 | SH | | SOLE | | 162,450 | 0 | 0 |
TIDEWATER INC | COM | 886423102 | 30 | 10,600 | SH | | SOLE | | 10,600 | 0 | 0 |
TIMMINS GOLD CORP | COM | 88741P103 | 5 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
TOTAL S A | SPONSORED ADR | 89151E109 | 299 | 6,261 | SH | | SOLE | | 6,261 | 0 | 0 |
TRI POINTE GROUP INC | COM | 87265H109 | 2,731 | 207,239 | SH | | SOLE | | 207,239 | 0 | 0 |
UNITED SECURITY BANCSHARES C | COM | 911460103 | 129 | 20,437 | SH | | SOLE | | 20,437 | 0 | 0 |
US BANCORP DEL | COM NEW | 902973304 | 926 | 21,591 | SH | | SOLE | | 21,591 | 0 | 0 |
V F CORP | COM | 918204108 | 426 | 7,604 | SH | | SOLE | | 7,604 | 0 | 0 |
VANGUARD SPECIALIZED PORTFOL | DIV APP ETF | 921908844 | 1,836 | 21,871 | SH | | SOLE | | 21,871 | 0 | 0 |
VERIZON COMMUNICATIONS INC | COM | 92343V104 | 655 | 12,603 | SH | | SOLE | | 12,603 | 0 | 0 |
VODAFONE GROUP PLC NEW | SPNSR ADR | 92857W308 | 689 | 23,639 | SH | | SOLE | | 23,639 | 0 | 0 |
W & T OFFSHORE INC | COM | 92922P106 | 18 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
WAL-MART STORES INC | COM | 931142103 | 482 | 6,680 | SH | | SOLE | | 6,680 | 0 | 0 |
WELLS FARGO & CO NEW | COM | 949746101 | 1,188 | 26,828 | SH | | SOLE | | 26,828 | 0 | 0 |
WESTAMERICA BANCORPORATION | COM | 957090103 | 4,246 | 83,453 | SH | | SOLE | | 83,453 | 0 | 0 |
WEYERHAEUSER CO | COM | 962166104 | 925 | 28,971 | SH | | SOLE | | 28,971 | 0 | 0 |
WHITE MTNS INS GROUP LTD | COM | G9618E107 | 25,631 | 30,880 | SH | | SOLE | | 30,880 | 0 | 0 |
WILEY JOHN & SONS INC | CL A | 968223206 | 612 | 11,850 | SH | | SOLE | | 11,850 | 0 | 0 |