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
Estimated average burden
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
AFFILIATED MANAGERS GROUP IN COM 008252108 249,123 1,671,630 SH   SOLE   1,671,630 0 0
ALLEGHANY CORP DEL COM 017175100 29,871 47,695 SH   SOLE   47,695 0 0
AMDOCS LTD SHS G02602103 17,089 243,600 SH   SOLE   243,600 0 0
AMERICAN EXPRESS CO COM 025816109 95,745 676,930 SH   SOLE   676,930 0 0
AUTOLIV INC COM 052800109 18,476 199,100 SH   SOLE   199,100 0 0
AUTOZONE INC COM 053332102 39,591 28,193 SH   SOLE   28,193 0 0
BAKER HUGHES COMPANY CL A 05722G100 74,015 3,425,038 SH   SOLE   3,425,038 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 54,906 214,920 SH   SOLE   214,920 0 0
BOOKING HOLDINGS INC COM 09857L108 55,676 23,897 SH   SOLE   23,897 0 0
BORGWARNER INC COM 099724106 42,294 912,300 SH   SOLE   912,300 0 0
CARMAX INC COM 143130102 44,189 333,100 SH   SOLE   333,100 0 0
CISCO SYS INC COM 17275R102 18,186 351,700 SH   SOLE   351,700 0 0
CITIGROUP INC COM NEW 172967424 135,351 1,860,496 SH   SOLE   1,860,496 0 0
COMCAST CORP NEW CL A 20030N101 58,390 1,079,099 SH   SOLE   1,079,099 0 0
CVS HEALTH CORP COM 126650100 123,897 1,646,909 SH   SOLE   1,646,909 0 0
EBAY INC. COM 278642103 91,570 1,495,267 SH   SOLE   1,495,267 0 0
EXXON MOBIL CORP COM 30231G102 127,858 2,290,125 SH   SOLE   2,290,125 0 0
FRANKLIN RESOURCES INC COM 354613101 57,963 1,958,194 SH   SOLE   1,958,194 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 93,137 284,823 SH   SOLE   284,823 0 0
HARLEY DAVIDSON INC COM 412822108 83,810 2,090,031 SH   SOLE   2,090,031 0 0
INVESCO LTD SHS G491BT108 97,298 3,857,977 SH   SOLE   3,857,977 0 0
KT CORP SPONSORED ADR 48268K101 67,870 5,455,809 SH   SOLE   5,455,809 0 0
LOCKHEED MARTIN CORP COM 539830109 17,884 48,400 SH   SOLE   48,400 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 50,964 489,800 SH   SOLE   489,800 0 0
MORGAN STANLEY COM NEW 617446448 107,533 1,384,666 SH   SOLE   1,384,666 0 0
NIELSEN HLDGS PLC SHS EUR G6518L108 102,725 4,084,496 SH   SOLE   4,084,496 0 0
RYANAIR HOLDINGS PLC SPONSORED ADS 783513203 2,691 23,400 SH   SOLE   23,400 0 0
SCHLUMBERGER LTD COM 806857108 173,569 6,383,565 SH   SOLE   6,383,565 0 0
SOUTHWEST AIRLS CO COM 844741108 65,647 1,075,119 SH   SOLE   1,075,119 0 0
STATE STR CORP COM 857477103 72,156 858,900 SH   SOLE   858,900 0 0
UNITED NAT FOODS INC COM 911163103 119,903 3,640,034 SH   SOLE   3,640,034 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 91,963 1,675,100 SH   SOLE   1,675,100 0 0
WELLS FARGO CO NEW COM 949746101 136,997 3,506,458 SH   SOLE   3,506,458 0 0