Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	103,443	$20.5M	14.8%	$198.22 *	$110.48	+71.9%	COM	084670702
BAC	BANK OF AMERICA CORP	241,490	$7.128M	5.2%	$29.52 *	$10.31	+121.0%	COM	060505104
MKL	MARKEL CORP	6,158	$7.014M	5.1%	$1139.01 *	$526.07	+107.8%	COM	570535104
—	ABBVIE INC	70,185	$6.787M	4.9%	$96.70	$46.39	—	COM	00287y109
—	CISCO SYSTEMS INC	165,414	$6.335M	4.6%	$38.30	$24.33	—	COM	17275r102
MSFT	MICROSOFT CORP	73,021	$6.246M	4.5%	$85.54 *	$26.70	+181.8%	COM	594918104
—	HOWARD HUGHES CORP	46,233	$6.069M	4.4%	$131.27	$114.41	—	COM	44267d107
—	SPDR GOLD SHARES ETF	46,692	$5.773M	4.2%	$123.64	$121.14	—	UIUS	78463v107
—	VALUESHARES U S QUANTITATIVE V	185,950	$5.71M	4.1%	$30.71	$21.37	—	COM	02072l102
GLW	CORNING INC	161,720	$5.173M	3.7%	$31.99 *	$12.64	+99.6%	COM	219350105
—	ALPHABET INC. CLASS C	4,480	$4.687M	3.4%	$1046.21	$572.35	—	COM	02079k107
—	LIBERTY MEDIA CORP SERIES C LI	135,353	$4.623M	3.3%	$34.16	$18.97	—	COM	531229854
—	VODAFONE GROUP F SPONSORED ADR	143,431	$4.575M	3.3%	$31.90	$34.15	—	COM	92857w308
AIG	AMERICAN INTL GROUP	72,993	$4.348M	3.1%	$59.57 *	$32.60	+52.5%	COM	026874784
—	ALPHABET INC. CLASS A	4,103	$4.322M	3.1%	$1053.38	$875.83	—	COM	02079k305
AAPL	APPLE INC	24,696	$4.179M	3.0%	$169.22 *	$18.53	+111.0%	COM	037833100
—	LIBERTY MEDIA CORP SERIES C LI	105,179	$4.171M	3.0%	$39.66	$30.86	—	COM	531229607
GVAL	CAMBRIA GLOBAL VALUE ETF	156,671	$4.012M	2.9%	$25.61	$22.58	—	UIUS	132061409
—	WISDOMTREE EMRG MRKT HG DIV ET	74,565	$3.381M	2.4%	$45.34	$40.85	—	UIUS	97717w315
—	VANECK VECTORS GOLD MINERS ETF	113,170	$2.63M	1.9%	$23.24	$27.39	—	UIUS	92189f106
ABT	ABBOTT LABORATORIES	44,798	$2.556M	1.8%	$57.06 *	$28.85	+66.8%	COM	002824100
—	NEW RESIDENTIAL INVE REIT	134,790	$2.41M	1.7%	$17.88	$16.97	—	COM	64828t201
—	DISCOVERY COMM INC CLASS C	106,420	$2.252M	1.6%	$21.16	$26.78	—	COM	25470f302
—	JD.COM INC F SPONSORED ADR 1 A	52,455	$2.172M	1.6%	$41.41	$38.19	—	COM	47215p106
IGSB	ISHARES 1-3 YEAR CREDIT BOND E	18,660	$1.95M	1.4%	$104.50	$104.99	—	UHUS	464288646
—	PROSHARES SHORT S&P 500 ETF NE	58,954	$1.779M	1.3%	$30.18	$39.65	—	COM	74347b425
—	SPDR NUVEEN BARCLAYS XXX REVER	35,274	$1.689M	1.2%	$47.88	$24.69	—	UHUS	78464a425
—	VALUESHARES INTRNTNL QNTV VAL	23,530	$777K	0.6%	$33.02	$23.82	—	COM	02072l201
—	TESLA INC	2,475	$770K	0.6%	$311.11	$129.86	—	COM	88160r101
—	BLACKROCK CALIFORNIA MUN	42,370	$616K	0.4%	$14.54	$14.97	—	UHUS	09249c105
IGIB	ISHARES INTERM CREDIT BOND ETF	5,615	$613K	0.4%	$109.17	$107.60	—	UHUS	464288638
—	COHEN STEERS REIT PREFER	20,088	$427K	0.3%	$21.26	$20.32	—	COM	19247x100
—	WISDOMTREE FUNDAMENTAL US SHOR	7,570	$371K	0.3%	$49.01	$49.95	—	COM	97717x149
—	SOLAR SENIOR CAPITAL	20,265	$359K	0.3%	$17.72	$18.28	—	COM	83416m105
SCHO	SCHWAB SHORT TERM US TREASURY	7,015	$350K	0.3%	$49.89	$50.30	—	UHUS	808524862
—	BANK OF AMERIC 7.25 PFD CONV S	214	$282K	0.2%	$1317.76	$1191.59	—	CPUS	060505682
—	NORTHWEST NATURAL GA	4,000	$238K	0.2%	$59.50	$50.50	—	COM	667655104
—	MOMNTMSHRS US QUNTITATV MOMNTM	7,920	$226K	0.2%	$28.54	$25.63	—	COM	02072l409
—	LIBERTY MEDIA CORP SERIES C LI	10,215	$226K	0.2%	$22.12	$14.59	—	COM	531229888
—	DUFF & PHELPS UTILITY &	25,065	$221K	0.2%	$8.82	$9.17	—	COM	26432k108
—	CRIMSON WINE GROUP	12,203	$130K	0.1%	$10.65	$8.50	—	COM	22662x100
—	VEREIT INC REIT	12,787	$99,000	0.1%	$7.74	$8.06	—	COM	92339v100
ARAY	ACCURAY INC	10,000	$43,000	0.0%	$4.30 *	$5.05	-9.1%	COM	004397105