Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	495,600	$74.41M	18.7%	$111.94	+29.0%	—	084670702
MU	MICRON TECHNOLOGY INC	1,509,500	$52.85M	13.3%	$16.19	+99.5%	—	595112103
—	TURQUOISE HILL RES LTD	13,034,206	$40.41M	10.1%	$3.60	—	—	900435108
AIG	AMERICAN INTL GROUP INC	686,413	$38.45M	9.7%	$32.51	+26.5%	—	026874784
—	AMERICAN INTL GROUP INC	1,043,205	$25.68M	6.5%	$22.25	—	—	026874156
—	NATIONAL BK GREECE S A	1,443,587	$20.07M	5.0%	$12.26	—	—	633643507
LPG	DORIAN LPG LTD	1,374,957	$19.1M	4.8%	$14.35	0.0%	—	Y2106R110
GNW	GENWORTH FINL INC	2,000,000	$17M	4.3%	$10.50	0.0%	—	37247D106
ALLY	ALLY FINL INC	620,000	$14.64M	3.7%	$18.86	-8.4%	—	02005N100
BAC	BANK AMER CORP	748,467	$13.39M	3.4%	$10.30	+31.5%	—	060505104
RYAM	RAYONIER ADVANCED MATLS INC	593,000	$13.22M	3.3%	$35.09	-24.6%	—	75508B104
—	PACIFIC ETHANOL INC	1,140,400	$11.78M	3.0%	$10.33	—	—	69423U305
—	EROS INTL PLC	523,386	$11.07M	2.8%	$21.16	—	—	G3788M114
—	ISHARES	684,669	$7.696M	1.9%	$11.77	—	—	464286848
G	GENPACT LIMITED	285,600	$5.406M	1.4%	$15.86	+0.4%	—	G3922B107
BRK/A	BERKSHIRE HATHAWAY INC DEL	19	$4.294M	1.1%	$165023.42	+31.2%	—	084670108
—	TRIBUNE MEDIA CO	65,500	$3.915M	1.0%	$59.77	—	—	896047503
—	ROYAL BK SCOTLAND GROUP PLC	114,112	$2.717M	0.7%	$21.22	—	—	780097747
—	BARCLAYS BK PLC	59,950	$2.165M	0.5%	$37.44	—	—	06740L519
VEU	VANGUARD INTL EQUITY INDEX F	44,368	$2.079M	0.5%	$45.31	—	—	922042775
—	JPMORGAN CHASE & CO	90,710	$1.887M	0.5%	$19.33	—	—	46634E114
VTI	VANGUARD INDEX FDS	16,842	$1.785M	0.4%	$84.91	—	—	922908769
VV	VANGUARD INDEX FDS	14,536	$1.372M	0.3%	$73.43	—	—	922908637
AXP	AMERICAN EXPRESS CO	12,200	$1.135M	0.3%	$76.41	0.0%	—	025816109
—	PROSHARES TR	48,730	$1.061M	0.3%	$21.77	—	—	74347R503
—	RESOLUTE FST PRODS INC	60,000	$1.057M	0.3%	$13.17	—	—	76117W109
JNJ	JOHNSON & JOHNSON	10,000	$1.046M	0.3%	$77.30	0.0%	—	478160104
XOM	EXXON MOBIL CORP	11,000	$1.017M	0.3%	$58.00	0.0%	—	30231G102
—	LEUCADIA NATL CORP	45,000	$1.009M	0.3%	$26.62	—	—	527288104
L	LOEWS CORP	20,000	$840K	0.2%	$42.08	-5.7%	—	540424108
—	1ST CENTURY BANCSHARES INC	110,400	$701K	0.2%	$7.51	—	—	31943X102
C	CITIGROUP INC	12,754	$690K	0.2%	$35.76	+10.6%	—	172967424
CSCO	CISCO SYS INC	18,900	$526K	0.1%	$18.31	0.0%	—	17275R102
—	ROYAL BK SCOTLAND GROUP PLC	19,299	$478K	0.1%	$21.05	—	—	780097770
—	HEWLETT PACKARD CO	10,800	$433K	0.1%	$40.09	—	—	428236103
—	ELLSWORTH FUND LTD	43,126	$376K	0.1%	$7.66	—	—	289074106
VT	VANGUARD INTL EQUITY INDEX F	4,902	$295K	0.1%	$59.83	—	—	922042742
—	POWERSHS DB US DOLLAR INDEX	11,000	$264K	0.1%	$22.91	—	—	73936D107
—	ROYAL BK SCOTLAND GROUP PLC	10,090	$243K	0.1%	$21.01	—	—	780097762
MSFT	MICROSOFT CORP	5,000	$232K	0.1%	$31.94	+24.9%	—	594918104
—	EATON VANCE NATL MUN OPPORT	10,345	$217K	0.1%	$18.51	—	—	27829L105
—	BANCROFT FUND LTD	10,374	$208K	0.1%	$17.32	—	—	059695106
—	PUTNAM MUN OPPORTUNITIES TR	14,492	$174K	0.0%	$11.23	—	—	746922103
—	MAGAL SECURITY SYS LTD	29,613	$172K	0.0%	$3.68	—	—	M6786D104
XMUSX	BLACKROCK MUNIHOLDNGS QLTY I	11,792	$157K	0.0%	$12.78	—	—	09254A101
—	FRANKLIN LTD DURATION INC TR	11,910	$145K	0.0%	$13.04	—	—	35472T101
FEIM	FREQUENCY ELECTRS INC	10,000	$114K	0.0%	$7.91	+11.2%	—	358010106
—	INVESCO MUNI INCOME OPP TRST	12,667	$88,000	0.0%	$6.42	—	—	46132X101
—	LIONBRIDGE TECHNOLOGIES INC	14,082	$81,000	0.0%	$2.91	—	—	536252109