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 |
| Adtalem | COM | 00737L103 | 91,790 | 2,946,701 | SH | SOLE | 2,603,666 | 0 | 343,035 | ||
| Alphabet Inc | CAP STK CL A | 02079K305 | 41,869 | 29,526 | SH | SOLE | 22,717 | 0 | 6,809 | ||
| Alphabet Inc | CAP STK CL C | 02079K107 | 34,413 | 24,344 | SH | SOLE | 24,344 | 0 | 0 | ||
| American Express Company | COM | 025816109 | 14,307 | 150,287 | SH | SOLE | 131,371 | 0 | 18,916 | ||
| Astronics Corp | COM | 046433108 | 28,624 | 2,710,637 | SH | SOLE | 2,406,636 | 0 | 304,001 | ||
| Baidu Inc | SPON ADR REP A | 056752108 | 28,826 | 240,437 | SH | SOLE | 227,046 | 0 | 13,391 | ||
| Barrick Gold Corp | COM | 067901108 | 28,415 | 1,054,733 | SH | SOLE | 1,054,733 | 0 | 0 | ||
| Berkshire Hathaway Inc | CL A | 084670108 | 134,452 | 503 | SH | SOLE | 433 | 0 | 70 | ||
| Berkshire Hathaway Inc | CL B | 084670702 | 138,128 | 773,784 | SH | SOLE | 678,542 | 0 | 95,242 | ||
| Booking Holdings Inc. | COM | 09857L108 | 3,530 | 2,217 | SH | SOLE | 2,217 | 0 | 0 | ||
| CDK Global Inc. | COM | 12508E101 | 36,911 | 891,136 | SH | SOLE | 781,467 | 0 | 109,669 | ||
| Chevron | COM | 166764100 | 45,296 | 507,633 | SH | SOLE | 447,159 | 0 | 60,474 | ||
| Criteo SA | SPON ADS | 226718104 | 9,328 | 819,006 | SH | SOLE | 753,326 | 0 | 65,680 | ||
| Dollar Tree | COM | 256746108 | 582 | 6,283 | SH | SOLE | 6,283 | 0 | 0 | ||
| Flowserve Corp. | COM | 34354P105 | 13,416 | 470,414 | SH | SOLE | 421,355 | 0 | 49,059 | ||
| iShares Gold Trust | ISHARES | 464285105 | 100,369 | 5,907,539 | SH | SOLE | 3,615,064 | 0 | 2,292,475 | ||
| J.M. Smucker Company | COM | 832696405 | 1,706 | 16,122 | SH | SOLE | 16,122 | 0 | 0 | ||
| LKQ Corp | COM | 501889208 | 142,716 | 5,447,175 | SH | SOLE | 4,795,015 | 0 | 652,160 | ||
| Loma Negra Corp | SPON ADS | 54150E104 | 9,490 | 2,227,759 | SH | SOLE | 2,227,759 | 0 | 0 | ||
| Mastercard Inc | CL A | 57636Q104 | 29,981 | 101,391 | SH | SOLE | 89,198 | 0 | 12,193 | ||
| Net 1 UEPS Technologies | COM | 64107N206 | 5,342 | 1,757,266 | SH | SOLE | 1,475,797 | 0 | 281,469 | ||
| Newmont Corp. | COM | 651639106 | 117,494 | 1,903,038 | SH | SOLE | 1,903,038 | 0 | 0 | ||
| News Corp | CL B | 65249B208 | 274 | 22,953 | SH | SOLE | 22,953 | 0 | 0 | ||
| Oracle Corp | COM | 68389X105 | 56,400 | 1,020,440 | SH | SOLE | 898,046 | 0 | 122,394 | ||
| Phoenix New Media Ltd | SPON ADS | 71910C103 | 6,872 | 4,643,560 | SH | SOLE | 4,643,560 | 0 | 0 | ||
| Qurate Retail Inc | COM SER A | 74915M100 | 10,896 | 1,146,899 | SH | SOLE | 1,009,531 | 0 | 137,368 | ||
| Schlumberger Ltd | COM | 806857108 | 29,118 | 1,583,348 | SH | SOLE | 1,471,796 | 0 | 111,552 | ||
| Sina Corp | COM | G81477104 | 44,963 | 1,252,090 | SH | SOLE | 1,160,853 | 0 | 91,237 | ||
| Skechers USA Inc. Class A | COM | 830566105 | 26,307 | 838,341 | SH | SOLE | 757,529 | 0 | 80,812 | ||
| Tiffany & Co. | COM | 886547108 | 11,427 | 93,706 | SH | SOLE | 93,706 | 0 | 0 | ||
| Unilever NV ADR | SPON ADR | 904784709 | 1,990 | 37,358 | SH | SOLE | 37,358 | 0 | 0 | ||
| Western Union Co | COM | 959802109 | 102,868 | 4,758,014 | SH | SOLE | 4,227,882 | 0 | 530,132 | ||