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 3,371 92,035 SH   SOLE   92,035 0 0
ALLEGHANY CORP DEL COM 017175100 4,172 8,017 SH   SOLE   8,017 0 0
AMERICAN EXPRESS CO COM 025816109 2,296 22,902 SH   SOLE   22,902 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 27,200 85 SH   SOLE   85 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 43,943 206,361 SH   SOLE   206,361 0 0
COCA COLA CO COM 191216100 1,259 25,500 SH   SOLE   25,500 0 0
COSTCO WHSL CORP NEW COM 22160K105 6,119 17,238 SH   SOLE   17,238 0 0
CUMMINS INC COM 231021106 6,336 30,008 SH   SOLE   30,008 0 0
DISNEY WALT CO COM DISNEY 254687106 9,482 76,417 SH   SOLE   76,417 0 0
DOLLAR GEN CORP NEW COM 256677105 2,240 10,684 SH   SOLE   10,684 0 0
EQUINOR ASA SPONSORED ADR 29446M102 1,967 139,906 SH   SOLE   139,906 0 0
EXXON MOBIL CORP COM 30231G102 4,908 142,964 SH   SOLE   142,964 0 0
GENERAL ELECTRIC CO COM 369604103 888 142,607 SH   SOLE   142,607 0 0
GENUINE PARTS CO COM 372460105 2,935 30,843 SH   SOLE   30,843 0 0
HEXCEL CORP NEW COM 428291108 2,411 71,851 SH   SOLE   71,851 0 0
KINROSS GOLD CORP COM 496902404 10,731 1,216,635 SH   SOLE   1,216,635 0 0
MERCK & CO. INC COM 58933Y105 3,653 44,044 SH   SOLE   44,044 0 0
MERCURY GENL CORP NEW COM 589400100 8,945 216,227 SH   SOLE   216,227 0 0
NEWMONT CORP COM 651639106 19,923 314,001 SH   SOLE   314,001 0 0
NIKE INC CL B 654106103 1,699 13,531 SH   SOLE   13,531 0 0
NXP SEMICONDUCTORS N V COM N6596X109 6,470 51,839 SH   SOLE   51,839 0 0
OLIN CORP COM PAR $1 680665205 8,975 724,993 SH   SOLE   724,993 0 0
PEPSICO INC COM 713448108 219 1,582 SH   SOLE   1,582 0 0
SEACOR MARINE HLDGS INC COM 78413P101 523 257,672 SH   SOLE   257,672 0 0
STARBUCKS CORP COM 855244109 10,570 123,017 SH   SOLE   123,017 0 0
TRAVELERS COMPANIES INC COM 89417E109 2,164 20,000 SH   SOLE   20,000 0 0
WASHINGTON FED INC COM 938824109 1,356 64,993 SH   SOLE   64,993 0 0