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 7,071 135,723 SH   SOLE   135,723 0 0
ALLEGHANY CORP MD COM 017175100 5,840 8,748 SH   SOLE   8,748 0 0
AMERICAN EXPRESS CO COM 025816109 3,478 21,260 SH   SOLE   21,260 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 38,757 86 SH   SOLE   86 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 63,241 211,508 SH   SOLE   211,508 0 0
CHEVRON CORP NEW COM 166764100 386 3,288 SH   SOLE   3,288 0 0
COCA COLA CO COM 191216100 1,303 22,000 SH   SOLE   22,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 3,122 5,500 SH   SOLE   5,500 0 0
CUMMINS INC COM 231021106 6,387 29,279 SH   SOLE   29,279 0 0
DISNEY WALT CO COM 254687106 5,898 38,081 SH   SOLE   38,081 0 0
DOLLAR GEN CORP NEW COM 256677105 2,506 10,627 SH   SOLE   10,627 0 0
DOLLAR TREE INC COM 256746108 9,594 68,272 SH   SOLE   68,272 0 0
EQUINOR ASA SPONSORED ADR 29446M102 5,181 196,782 SH   SOLE   196,782 0 0
EXXON MOBIL CORP COM 30231G102 9,744 159,243 SH   SOLE   159,243 0 0
GENERAL ELECTRIC CO COM NEW 369604301 1,684 17,821 SH   SOLE   17,821 0 0
HEXCEL CORP NEW COM 428291108 3,705 71,518 SH   SOLE   71,518 0 0
HOLLYFRONTIER CORP COM 436106108 8,782 267,893 SH   SOLE   267,893 0 0
KINROSS GOLD CORP COM 496902404 13,784 2,372,387 SH   SOLE   2,372,387 0 0
MERCK & CO INC COM 58933Y105 3,378 44,073 SH   SOLE   44,073 0 0
MERCURY GENL CORP NEW COM 589400100 7,173 135,194 SH   SOLE   135,194 0 0
NEWMONT CORP COM 651639106 23,711 382,311 SH   SOLE   382,311 0 0
NIKE INC CL B 654106103 1,773 10,639 SH   SOLE   10,639 0 0
NXP SEMICONDUCTORS N V COM N6596X109 5,292 23,233 SH   SOLE   23,233 0 0
OLIN CORP COM PAR $1 680665205 41,238 716,927 SH   SOLE   716,927 0 0
PEPSICO INC COM 713448108 275 1,582 SH   SOLE   1,582 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 211 4,868 SH   SOLE   4,868 0 0
SEACOR MARINE HLDGS INC COM 78413P101 866 254,744 SH   SOLE   254,744 0 0
STARBUCKS CORP COM 855244109 9,161 78,318 SH   SOLE   78,318 0 0
SYNCHRONY FINANCIAL COM 87165B103 206 4,437 SH   SOLE   4,437 0 0
TRAVELERS COMPANIES INC COM 89417E109 3,129 20,000 SH   SOLE   20,000 0 0
VALERO ENERGY CORP COM 91913Y100 8,914 118,676 SH   SOLE   118,676 0 0
VIACOMCBS INC CL B 92556H206 22,599 748,822 SH   SOLE   748,822 0 0
WASHINGTON FED INC COM 938824109 2,127 63,723 SH   SOLE   63,723 0 0