The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| American Express Co. | COM | 025816109 | 5,523 | 86,248 | SH | SOLE | 86,248 | 0 | 0 | ||
| Bank of America CNV PFD L | 7.25%CNV PFD L | 060505682 | 916 | 751 | SH | SOLE | 751 | 0 | 0 | ||
| Boeing Company | COM | 097023105 | 6,004 | 45,581 | SH | SOLE | 45,581 | 0 | 0 | ||
| Boston Scientific Corp | COM | 101137107 | 5,265 | 221,225 | SH | SOLE | 221,225 | 0 | 0 | ||
| Calpine Corp. | COM NEW | 131347304 | 4,401 | 348,225 | SH | SOLE | 348,225 | 0 | 0 | ||
| Cheniere Energy Partners LP Holdings | COM REP LLC IN | 16411w108 | 7,049 | 310,006 | SH | SOLE | 310,006 | 0 | 0 | ||
| Cisco Systems Inc. | COM | 17275R102 | 6,173 | 194,632 | SH | SOLE | 194,632 | 0 | 0 | ||
| Corning Inc. | COM | 219350105 | 6,947 | 293,766 | SH | SOLE | 293,766 | 0 | 0 | ||
| Eli Lilly & Co. | COM | 532457108 | 5,658 | 70,498 | SH | SOLE | 70,498 | 0 | 0 | ||
| Genworth Financial Inc | COM CL A | 37247D106 | 4,270 | 860,975 | SH | SOLE | 860,975 | 0 | 0 | ||
| Gilead Sciences Inc. | COM | 375558103 | 5,760 | 72,811 | SH | SOLE | 72,811 | 0 | 0 | ||
| Hewlett Packard Enterprise Co. | COM | 42824C109 | 4,488 | 197,315 | SH | SOLE | 197,315 | 0 | 0 | ||
| Legg Mason Inc. | COM | 524901105 | 4,836 | 144,456 | SH | SOLE | 144,456 | 0 | 0 | ||
| Live Nation Entertainment, Inc | COM | 538034109 | 5,540 | 201,612 | SH | SOLE | 201,612 | 0 | 0 | ||
| Maui Land & Pineapple Co. | COM | 577345101 | 7,399 | 1,114,231 | SH | SOLE | 1,114,231 | 0 | 0 | ||
| MBIA Inc | COM | 55262C100 | 5,300 | 680,360 | SH | SOLE | 680,360 | 0 | 0 | ||
| Merck & Co. Inc. | COM | 58933Y105 | 372 | 5,976 | SH | SOLE | 5,976 | 0 | 0 | ||
| Mesabi Trust | CTF BEN INT | 590672101 | 1,874 | 202,615 | SH | SOLE | 202,615 | 0 | 0 | ||
| National Oilwell Varco Inc | COM | 637071101 | 2,549 | 69,398 | SH | SOLE | 69,398 | 0 | 0 | ||
| New York Times Cl A | CL A | 650111107 | 4,104 | 343,498 | SH | SOLE | 343,498 | 0 | 0 | ||
| Pfizer Inc. | COM | 717081103 | 3,663 | 108,170 | SH | SOLE | 108,170 | 0 | 0 | ||
| QEP Resources, Inc. | COM | 74733V100 | 668 | 34,212 | SH | SOLE | 34,212 | 0 | 0 | ||
| Qualcomm Inc. | COM | 747525103 | 1,140 | 16,651 | SH | SOLE | 16,651 | 0 | 0 | ||
| Scorpio Bulkers, Inc | COM | Y7546A122 | 176 | 51,100 | SH | SOLE | 51,100 | 0 | 0 | ||
| Sprint Nextel Corp | COM SER 1 | 85207U105 | 3,009 | 453,945 | SH | SOLE | 453,945 | 0 | 0 | ||
| Tejon Ranch Co | COM | 879080109 | 265 | 10,920 | SH | SOLE | 10,920 | 0 | 0 | ||
| WellsFargo Pfd Series L | PERP PFD CNV A | 949746804 | 378 | 289 | SH | SOLE | 289 | 0 | 0 | ||
| Xerox Corporation | COM | 984121103 | 5,733 | 566,031 | SH | SOLE | 566,031 | 0 | 0 | ||
| Zimmer Biomet Holdings, Inc. | COM | 98956P102 | 3,027 | 23,281 | SH | SOLE | 23,281 | 0 | 0 | ||