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

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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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 174,503 2,181,548 SH   SOLE   379,039 13,795 1,788,714
APPLE INC COM 037833100 961 6,951 SH   SOLE   0 0 6,951
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 84,125 315,051 SH   SOLE   9,900 1,472 303,679
DAILY JOURNAL CORP COM 233912104 73,849 288,034 SH   SOLE   38,144 7,802 242,088
EXXON MOBIL CORP COM 30231G102 131,099 1,501,530 SH   SOLE   190,498 0 1,311,032
FIRST AMERN FINL CORP COM 31847R102 711 15,417 SH   SOLE   0 0 15,417
INTERNATIONAL BUSINESS MACHS COM 459200101 5,415 45,576 SH   SOLE   8,797 0 36,779
KRAFT HEINZ CO COM 500754106 79,037 2,369,905 SH   SOLE   40,470 0 2,329,435
MCDONALDS CORP COM 580135101 242 1,049 SH   SOLE   0 0 1,049
MICROSOFT CORP COM 594918104 23,587 101,277 SH   SOLE   49,677 0 51,600
POSCO HOLDINGS INC SPONSORED ADR 693483109 20,835 569,113 SH   SOLE   0 0 569,113
REPUBLIC SVCS INC COM 760759100 1,558 11,449 SH   SOLE   134 0 11,315
WABASH NATL CORP COM 929566107 7,040 452,492 SH   SOLE   6,520 0 445,972
WELLS FARGO CO NEW COM 949746101 95,918 2,384,842 SH   SOLE   302,496 0 2,082,346