Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	105,943	$17.66M	13.3%	$110.46	+51.5%	COM	084670702
—	LIBERTY MEDIA CORP SERIES C LI	207,458	$7.084M	5.3%	$18.97	—	COM	531229854
MKL	MARKEL CORP	6,307	$6.154M	4.6%	$526.07	+79.7%	COM	570535104
MSFT	MICROSOFT CORP	92,551	$6.095M	4.6%	$26.70	+116.6%	COM	594918104
BAC	BANK OF AMERICA CORP	248,600	$5.864M	4.4%	$10.31	+88.0%	COM	060505104
—	CISCO SYSTEMS INC	171,434	$5.794M	4.4%	$24.33	—	COM	17275r102
—	HOWARD HUGHES CORP	47,297	$5.545M	4.2%	$114.31	—	COM	44267d107
—	SPDR GOLD SHARES ETF	46,682	$5.542M	4.2%	$121.22	—	UIUS	78463v107
—	ALLEGHANY CORP DEL	8,390	$5.156M	3.9%	$472.15	—	COM	017175100
—	ABBVIE INC	74,073	$4.826M	3.6%	$46.39	—	COM	00287y109
—	VALUESHARES U S QUANTITATIVE V	187,630	$4.763M	3.6%	$21.37	—	COM	02072l102
AIG	AMERICAN INTL GROUP	75,713	$4.726M	3.6%	$32.58	+57.1%	COM	026874784
—	VODAFONE GROUP F SPONSORED ADR	161,482	$4.267M	3.2%	$34.15	—	COM	92857w308
—	LIBERTY MEDIA CORP SERIES C LI	109,029	$4.228M	3.2%	$30.86	—	COM	531229607
GLW	CORNING INC	143,490	$3.874M	2.9%	$10.49	+100.0%	COM	219350105
—	ALPHABET INC. CLASS C	4,607	$3.821M	2.9%	$572.35	—	COM	02079k107
AAPL	APPLE INC	25,758	$3.7M	2.8%	$18.34	+66.0%	COM	037833100
—	ALPHABET INC. CLASS A	4,230	$3.586M	2.7%	$875.83	—	COM	02079k305
GVAL	CAMBRIA GLOBAL VALUE ETF	159,691	$3.519M	2.6%	$22.57	—	UIUS	132061409
—	PROSHARES SHORT S&P 500 ETF NE	101,954	$3.516M	2.6%	$39.65	—	COM	74347b425
—	DISCOVERY COMM INC CLASS C	116,060	$3.285M	2.5%	$26.78	—	COM	25470f302
—	WISDOMTREE EMRG MRKT HG DIV ET	75,155	$3.07M	2.3%	$40.85	—	UIUS	97717w315
—	VANECK VECTORS GOLD MINERS ETF	105,900	$2.415M	1.8%	$27.71	—	UIUS	92189f106
—	NEW RESIDENTIAL INVE	138,560	$2.352M	1.8%	$16.97	—	COM	64828t201
ABT	ABBOTT LABORATORIES	48,443	$2.151M	1.6%	$28.85	+28.0%	COM	002824100
IGSB	ISHARES 1-3 YEAR CREDIT BOND E	18,720	$1.969M	1.5%	$104.99	—	UHUS	464288646
—	SPDR NUVEEN BARCLAYS XXX REVER	36,111	$1.749M	1.3%	$24.34	—	UHUS	78464a425
—	TESLA INC	2,690	$748K	0.6%	$129.86	—	COM	88160r101
—	VALUESHARES INTRNTNL QNTV VAL	22,130	$625K	0.5%	$23.05	—	COM	02072l201
IGIB	ISHARES INTERM CREDIT BOND ETF	5,660	$616K	0.5%	$107.60	—	UHUS	464288638
—	BLACKROCK CALIFORNIA MUN	33,770	$511K	0.4%	$15.02	—	UHUS	09249c105
TNET	TRINET GROUP INC	16,100	$465K	0.3%	$13.83	+88.8%	COM	896288107
—	SOLAR SENIOR CAPITAL	19,540	$351K	0.3%	$18.36	—	COM	83416m105
—	GUGGENHEIM S&P 500 EQUAL WEIGH	3,350	$304K	0.2%	$78.51	—	COM	78355w106
—	WISDOMTREE FUNDAMENTAL US SHOR	5,880	$295K	0.2%	$49.83	—	COM	97717x149
—	COHEN STEERS REIT PREFER	14,648	$283K	0.2%	$20.16	—	COM	19247x100
—	BANK OF AMERIC 7.25 PFD	214	$255K	0.2%	$1191.59	—	CPUS	060505682
—	LIBERTY MEDIA CORP SERIES C LI	10,665	$252K	0.2%	$14.59	—	COM	531229888
—	NORTHWEST NATURAL GA	4,000	$236K	0.2%	$50.50	—	COM	667655104
SCHO	SCHWAB SHORT TERM US TREASURY	4,455	$224K	0.2%	$50.28	—	UHUS	808524862
—	DUFF & PHELPS UTILITY &	24,215	$223K	0.2%	$9.17	—	COM	26432k108
—	MOMNTMSHRS US QUNTITATV MOMNTM	8,170	$209K	0.2%	$25.58	—	COM	02072l409
—	ISHARES CORE 1 5 YEAR USD BOND	4,000	$200K	0.2%	$75.30	—	UHUS	46432f859
—	CRIMSON WINE GROUP	12,905	$129K	0.1%	$8.50	—	COM	22662x100
—	VEREIT INC	12,787	$108K	0.1%	$8.06	—	COM	92339v100
—	NEW YORK REIT INC REIT	10,632	$103K	0.1%	$9.88	—	COM	64976l109
ARAY	ACCURAY INC	10,000	$47,000	0.0%	$5.05	+3.1%	COM	004397105