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
ALTRIA GROUP INC COM 02209S103 2,222 54,200 SH   SOLE 1 54,200 0 0
APPLE INC COM 037833100 565 4,260 SH   SOLE 1 0 0 4,260
AT&T INC COM 00206R102 11,179 388,700 SH   SOLE 1 262,000 0 126,700
BK OF AMERICA CORP COM 060505104 14,655 483,500 SH   SOLE 1 288,200 0 195,300
BERKSHIRE HATHAWAY INC DEL CL A 084670108 348 1 SH   SOLE   0 0 1
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 13,785 59,450 SH   SOLE 1 0 0 59,450
CANADIAN NAT RES LTD COM 136385101 11,431 475,300 SH   SOLE 1 283,900 0 191,400
CINCINNATI FINL CORP COM 172062101 8,449 96,700 SH   SOLE 1 63,400 0 33,300
CVS HEALTH CORP COM 126650100 7,588 111,100 SH   SOLE 1 90,600 0 20,500
ENBRIDGE INC COM 29250N105 8,218 256,900 SH   SOLE 1 183,700 0 73,200
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 4,841 783,300 SH   SOLE 1 783,300 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 1,861 95,000 SH   SOLE 1 95,000 0 0
KINDER MORGAN INC DEL COM 49456B101 8,639 632,000 SH   SOLE 1 403,600 0 228,400
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 1,736 40,900 SH   SOLE 1 40,900 0 0
OCCIDENTAL PETE CORP *W EXP 08/03/202 674599162 198 29,102 SH   SOLE 1 11,785 0 17,317
OLD REP INTL CORP COM 680223104 7,472 379,100 SH   SOLE 1 296,100 0 83,000
PHILIP MORRIS INTL INC COM 718172109 1,167 14,100 SH   SOLE 1 14,100 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 1,755 213,000 SH   SOLE 1 213,000 0 0
ST JOE CO COM 790148100 1,121,969 26,430,357 SH   SOLE 1 24,117,991 0 2,312,366
WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT 958669103 7,692 556,600 SH   SOLE 1 556,600 0 0