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 6,354 91,811 SH   SOLE   91,811 0 0
ALLEGHANY CORP DEL COM 017175100 5,343 8,531 SH   SOLE   8,531 0 0
AMERICAN EXPRESS CO COM 025816109 3,235 22,870 SH   SOLE   22,870 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 32,785 85 SH   SOLE   85 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 51,034 199,765 SH   SOLE   199,765 0 0
CHEVRON CORP NEW COM 166764100 345 3,288 SH   SOLE   3,288 0 0
COCA COLA CO COM 191216100 1,344 25,500 SH   SOLE   25,500 0 0
COSTCO WHSL CORP NEW COM 22160K105 2,383 6,760 SH   SOLE   6,760 0 0
CUMMINS INC COM 231021106 7,597 29,319 SH   SOLE   29,319 0 0
DISNEY WALT CO COM 254687106 7,118 38,576 SH   SOLE   38,576 0 0
DOLLAR GEN CORP NEW COM 256677105 2,164 10,680 SH   SOLE   10,680 0 0
EQUINOR ASA SPONSORED ADR 29446M102 3,669 188,565 SH   SOLE   188,565 0 0
EXXON MOBIL CORP COM 30231G102 8,838 158,297 SH   SOLE   158,297 0 0
GENERAL ELECTRIC CO COM 369604103 1,872 142,607 SH   SOLE   142,607 0 0
GENUINE PARTS CO COM 372460105 3,559 30,792 SH   SOLE   30,792 0 0
HEXCEL CORP NEW COM 428291108 4,013 71,654 SH   SOLE   71,654 0 0
HOLLYFRONTIER CORP COM 436106108 8,086 225,997 SH   SOLE   225,997 0 0
KINROSS GOLD CORP COM 496902404 10,352 1,552,010 SH   SOLE   1,552,010 0 0
MERCK & CO. INC COM 58933Y105 3,398 44,073 SH   SOLE   44,073 0 0
MERCURY GENL CORP NEW COM 589400100 18,103 297,696 SH   SOLE   297,696 0 0
NEWMONT CORP COM 651639106 20,981 348,120 SH   SOLE   348,120 0 0
NIKE INC CL B 654106103 1,430 10,758 SH   SOLE   10,758 0 0
NXP SEMICONDUCTORS N V COM N6596X109 7,866 39,069 SH   SOLE   39,069 0 0
OLIN CORP COM PAR $1 680665205 27,424 722,249 SH   SOLE   722,249 0 0
PEPSICO INC COM 713448108 224 1,582 SH   SOLE   1,582 0 0
SEACOR MARINE HLDGS INC COM 78413P101 1,368 256,692 SH   SOLE   256,692 0 0
STARBUCKS CORP COM 855244109 11,373 104,082 SH   SOLE   104,082 0 0
TRAVELERS COMPANIES INC COM 89417E109 3,008 20,000 SH   SOLE   20,000 0 0
VALERO ENERGY CORP COM 91913Y100 7,697 107,504 SH   SOLE   107,504 0 0
WASHINGTON FED INC COM 938824109 2,000 64,943 SH   SOLE   64,943 0 0