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 4,778 91,890 SH   SOLE   91,890 0 0
ALLEGHANY CORP DEL COM 017175100 4,838 8,014 SH   SOLE   8,014 0 0
AMERICAN EXPRESS CO COM 025816109 2,765 22,872 SH   SOLE   22,872 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 29,564 85 SH   SOLE   85 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 46,300 199,680 SH   SOLE   199,680 0 0
COCA COLA CO COM 191216100 1,398 25,500 SH   SOLE   25,500 0 0
COSTCO WHSL CORP NEW COM 22160K105 2,547 6,760 SH   SOLE   6,760 0 0
CUMMINS INC COM 231021106 6,666 29,354 SH   SOLE   29,354 0 0
DISNEY WALT CO COM 254687106 7,004 38,660 SH   SOLE   38,660 0 0
DOLLAR GEN CORP NEW COM 256677105 2,247 10,684 SH   SOLE   10,684 0 0
EQUINOR ASA SPONSORED ADR 29446M102 3,097 188,619 SH   SOLE   188,619 0 0
EXXON MOBIL CORP COM 30231G102 6,514 158,030 SH   SOLE   158,030 0 0
GENERAL ELECTRIC CO COM 369604103 1,540 142,607 SH   SOLE   142,607 0 0
GENUINE PARTS CO COM 372460105 3,093 30,798 SH   SOLE   30,798 0 0
HEXCEL CORP NEW COM 428291108 3,479 71,757 SH   SOLE   71,757 0 0
HOLLYFRONTIER CORP COM 436106108 5,406 209,115 SH   SOLE   209,115 0 0
KINROSS GOLD CORP COM 496902404 9,228 1,257,251 SH   SOLE   1,257,251 0 0
MERCK & CO. INC COM 58933Y105 3,603 44,044 SH   SOLE   44,044 0 0
MERCURY GENL CORP NEW COM 589400100 15,659 299,914 SH   SOLE   299,914 0 0
NEWMONT CORP COM 651639106 19,438 324,569 SH   SOLE   324,569 0 0
NIKE INC CL B 654106103 1,526 10,789 SH   SOLE   10,789 0 0
NXP SEMICONDUCTORS N V COM N6596X109 6,236 39,216 SH   SOLE   39,216 0 0
OLIN CORP COM PAR $1 680665205 17,785 724,143 SH   SOLE   724,143 0 0
PEPSICO INC COM 713448108 235 1,582 SH   SOLE   1,582 0 0
PROSHARES TR SHORT QQQ NEW 74347B714 1,312 91,077 SH   SOLE   91,077 0 0
SEACOR MARINE HLDGS INC COM 78413P101 697 257,026 SH   SOLE   257,026 0 0
STARBUCKS CORP COM 855244109 11,243 105,099 SH   SOLE   105,099 0 0
TRAVELERS COMPANIES INC COM 89417E109 2,807 20,000 SH   SOLE   20,000 0 0
VALERO ENERGY CORP COM 91913Y100 6,008 106,209 SH   SOLE   106,209 0 0
WASHINGTON FED INC COM 938824109 1,672 64,943 SH   SOLE   64,943 0 0