The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
ALASKA AIR GROUP INC COM 011659109 2,654 93,227 SH   SOLE   93,227 0 0
ALLEGHANY CORP DEL COM 017175100 2,061 3,731 SH   SOLE   3,731 0 0
AMERICAN EXPRESS CO COM 025816109 1,995 23,303 SH   SOLE   23,303 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 22,848 84 SH   SOLE   84 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 37,374 204,421 SH   SOLE   204,421 0 0
COCA COLA CO COM 191216100 1,062 24,000 SH   SOLE   24,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 5,508 19,316 SH   SOLE   19,316 0 0
CUMMINS INC COM 231021106 4,217 31,165 SH   SOLE   31,165 0 0
DISNEY WALT CO COM DISNEY 254687106 7,358 76,171 SH   SOLE   76,171 0 0
DOLLAR GEN CORP NEW COM 256677105 3,710 24,568 SH   SOLE   24,568 0 0
EQUINOR ASA SPONSORED ADR 29446M102 1,723 141,453 SH   SOLE   141,453 0 0
EXXON MOBIL CORP COM 30231G102 5,478 144,269 SH   SOLE   144,269 0 0
GENERAL ELECTRIC CO COM 369604103 1,132 142,607 SH   SOLE   142,607 0 0
GENUINE PARTS CO COM 372460105 2,106 31,278 SH   SOLE   31,278 0 0
HEXCEL CORP NEW COM 428291108 2,694 72,432 SH   SOLE   72,432 0 0
KINROSS GOLD CORP COM 496902404 4,780 1,200,925 SH   SOLE   1,200,925 0 0
MEDTRONIC PLC SHS G5960L103 276 3,056 SH   SOLE   3,056 0 0
MERCK & CO. INC COM 58933Y105 3,389 44,044 SH   SOLE   44,044 0 0
MERCURY GENL CORP NEW COM 589400100 7,763 190,647 SH   SOLE   190,647 0 0
NEWMONT CORP COM 651639106 14,131 312,084 SH   SOLE   312,084 0 0
NIKE INC CL B 654106103 1,132 13,678 SH   SOLE   13,678 0 0
NXP SEMICONDUCTORS N V COM N6596X109 4,368 52,674 SH   SOLE   52,674 0 0
OLIN CORP COM PAR $1 680665205 8,045 689,403 SH   SOLE   689,403 0 0
SEACOR MARINE HLDGS INC COM 78413P101 1,149 262,373 SH   SOLE   262,373 0 0
STARBUCKS CORP COM 855244109 8,052 122,482 SH   SOLE   122,482 0 0
TRAVELERS COMPANIES INC COM 89417E109 1,987 20,000 SH   SOLE   20,000 0 0
WASHINGTON FED INC COM 938824109 1,681 64,755 SH   SOLE   64,755 0 0