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

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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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 891 8,190 SH   SOLE   6,000 1 2,190
APPLE INC COM 037833100 744 4,260 SH   SOLE   0 1 4,260
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 17,347 49,155 SH   SOLE   0 1 49,155
BERKSHIRE HATHAWAY INC DEL CL A 084670108 529 1 SH   SOLE   0 0 1
CITIGROUP INC COM NEW 172967424 7,807 146,200 SH   SOLE   123,900 1 22,300
COMMERCIAL METALS CO COM 201723103 86,337 2,074,400 SH   SOLE   1,759,200 1 315,200
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 9,447 844,200 SH   SOLE   844,200 1 0
ENTERPRISE PRODS PARTNERS L COM 293792107 83,232 3,224,800 SH   SOLE   3,224,800 1 0
INTEL CORP COM 458140100 29,161 588,400 SH   SOLE   498,000 1 90,400
KINDER MORGAN INC DEL COM 49456B101 15,092 798,100 SH   SOLE   121,600 1 676,500
OLD REP INTL CORP COM 680223104 9,600 371,100 SH   SOLE   371,100 1 0
SANDERSON FARMS INC COM 800013104 1,312 7,000 SH   SOLE   7,000 1 0
ST JOE CO COM 790148100 1,458,287 24,616,590 SH   SOLE   22,978,291 1 1,638,299
WALGREENS BOOTS ALLIANCE INC COM 931427108 3,089 69,000 SH   SOLE   69,000 1 0