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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALLEGIANT TRAVEL CO COM 01748X102   2,543 37,400 SH   SOLE NONE 37,400 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   130,496 422,453 SH   SOLE NONE 359,753 0 62,700
CITIGROUP INC COM NEW 172967424   91,906 2,031,974 SH   SOLE NONE 1,561,074 0 470,900
COLLIERS INTL GROUP INC SUB VTG SHS 194693107   239 2,600 SH   SOLE NONE 2,600 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104   15,542 2,086,120 SH   SOLE NONE 2,086,120 0 0
COPA HOLDINGS SA CL A P31076105   757 9,100 SH   SOLE NONE 9,100 0 0
EMBRAER S.A. SPONSORED ADS 29082A107   25,158 2,301,703 SH   SOLE NONE 2,301,703 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106   1,242 15,900 SH   SOLE NONE 15,900 0 0
GAIA INC NEW CL A 36269P104   358 150,525 SH   SOLE NONE 150,525 0 0
GENERAL MTRS CO COM 37045V100   195 5,800 SH   SOLE NONE 5,800 0 0
HALLADOR ENERGY COMPANY COM 40609P105   2,583 258,602 SH   SOLE NONE 258,602 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109   45,004 2,819,791 SH   SOLE NONE 1,586,591 0 1,233,200
INFOSYS LTD SPONSORED ADR 456788108   16,250 902,298 SH   SOLE NONE 902,298 0 0
NETFLIX INC COM 64110L106   1,121 3,800 SH   SOLE NONE 3,800 0 0
OCEANEERING INTL INC COM 675232102   1,519 86,829 SH   SOLE NONE 86,829 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106   13,570 568,989 SH   SOLE NONE 568,989 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101   15,477 1,666,023 SH   SOLE NONE 1,666,023 0 0
PHILIP MORRIS INTL INC COM 718172109   1,538 15,200 SH   SOLE NONE 15,200 0 0
PLDT INC SPONSORED ADR 69344D408   1,015 44,500 SH   SOLE NONE 44,500 0 0
PROGRESSIVE CORP COM 743315103   649 5,000 SH   SOLE NONE 5,000 0 0
SOUTHWEST AIRLS CO COM 844741108   74,114 2,201,200 SH   SOLE NONE 1,676,500 0 524,700
SS&C TECHNOLOGIES HLDGS INC COM 78467J100   97,352 1,870,000 SH   SOLE NONE 1,587,600 0 282,400
SYNCHRONY FINANCIAL COM 87165B103   1,502 45,700 SH   SOLE NONE 45,700 0 0
TERNIUM SA SPONSORED ADS 880890108   17,946 587,236 SH   SOLE NONE 587,236 0 0
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204   8,451 1,764,317 SH   SOLE NONE 1,764,317 0 0