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 3,354 92,500 SH   SOLE   92,500 0 0
ALLEGHANY CORP DEL COM 017175100 3,898 7,970 SH   SOLE   7,970 0 0
AMERICAN EXPRESS CO COM 025816109 2,205 23,161 SH   SOLE   23,161 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 22,720 85 SH   SOLE   85 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 37,255 208,701 SH   SOLE   208,701 0 0
COCA COLA CO COM 191216100 1,139 25,500 SH   SOLE   25,500 0 0
COSTCO WHSL CORP NEW COM 22160K105 5,810 19,161 SH   SOLE   19,161 0 0
CUMMINS INC COM 231021106 5,341 30,826 SH   SOLE   30,826 0 0
DISNEY WALT CO COM DISNEY 254687106 8,561 76,771 SH   SOLE   76,771 0 0
DOLLAR GEN CORP NEW COM 256677105 2,043 10,722 SH   SOLE   10,722 0 0
EQUINOR ASA SPONSORED ADR 29446M102 2,041 140,944 SH   SOLE   140,944 0 0
EXXON MOBIL CORP COM 30231G102 6,425 143,663 SH   SOLE   143,663 0 0
GENERAL ELECTRIC CO COM 369604103 974 142,607 SH   SOLE   142,607 0 0
GENUINE PARTS CO COM 372460105 2,700 31,053 SH   SOLE   31,053 0 0
HEXCEL CORP NEW COM 428291108 3,269 72,282 SH   SOLE   72,282 0 0
KINROSS GOLD CORP COM 496902404 8,577 1,187,953 SH   SOLE   1,187,953 0 0
MERCK & CO. INC COM 58933Y105 3,406 44,044 SH   SOLE   44,044 0 0
MERCURY GENL CORP NEW COM 589400100 8,554 209,903 SH   SOLE   209,903 0 0
NEWMONT CORP COM 651639106 19,114 309,595 SH   SOLE   309,595 0 0
NIKE INC CL B 654106103 1,335 13,615 SH   SOLE   13,615 0 0
NXP SEMICONDUCTORS N V COM N6596X109 5,953 52,202 SH   SOLE   52,202 0 0
OLIN CORP COM PAR $1 680665205 8,184 712,272 SH   SOLE   712,272 0 0
PEPSICO INC COM 713448108 209 1,582 SH   SOLE   1,582 0 0
SEACOR MARINE HLDGS INC COM 78413P101 660 259,015 SH   SOLE   259,015 0 0
STARBUCKS CORP COM 855244109 9,099 123,647 SH   SOLE   123,647 0 0
TRAVELERS COMPANIES INC COM 89417E109 2,281 20,000 SH   SOLE   20,000 0 0
WASHINGTON FED INC COM 938824109 1,752 65,276 SH   SOLE   65,276 0 0