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
OMB APPROVAL
OMB Number: 3235-0006
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hours per response: 23.8
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
ALLEGHANY CORP DEL COM 017175100 122,086 263,400 SH   SOLE   263,400 0 0
ARROW ELECTRS INC COM 042735100 30,375 524,700 SH   SOLE   524,700 0 0
BANK OF AMERICA CORP COM 060505104 129,158 7,219,547 SH   SOLE   7,219,547 0 0
BANK NEW YORK MELLON CORP COM 064058100 107,856 2,658,521 SH   SOLE   2,658,521 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 36,111 240,500 SH   SOLE   240,500 0 0
CITIGROUP INC COM NEW 172967424 140,990 2,605,610 SH   SOLE   2,605,610 0 0
CNA FINL CORP COM 126117100 59,261 1,530,900 SH   SOLE   1,530,900 0 0
CORNING INC COM 219350105 113,864 4,965,700 SH   SOLE   4,965,700 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 156,858 809,253 SH   SOLE   809,253 0 0
HELMERICH & PAYNE INC COM 423452101 18,466 273,900 SH   SOLE   273,900 0 0
INGRAM MICRO INC CL A 457153104 66,065 2,390,200 SH   SOLE   2,390,200 0 0
KT CORP SPONSORED ADR 48268K101 58,520 4,144,456 SH   SOLE   4,144,456 0 0
LOEWS CORP COM 540424108 69,972 1,665,200 SH   SOLE   1,665,200 0 0
MICROSOFT CORP COM 594918104 90,607 1,950,629 SH   SOLE   1,950,629 0 0
MORGAN STANLEY COM NEW 617446448 130,924 3,374,341 SH   SOLE   3,374,341 0 0
PATTERSON UTI ENERGY INC COM 703481101 37,155 2,239,600 SH   SOLE   2,239,600 0 0
POSCO SPONSORED ADR 693483109 57,289 897,800 SH   SOLE   897,800 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 10,834 401,100 SH   SOLE   401,100 0 0
SUNTRUST BKS INC COM 867914103 62,511 1,491,900 SH   SOLE   1,491,900 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 45,022 957,503 SH   SOLE   957,503 0 0