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
3M COMPANY COMMON 88579Y101 5,091 30,550 SH   DFND   0 0 30,550
3M COMPANY COMMON 88579Y101 26,141 156,883 SH   SOLE   135,083 0 21,800
ALPHABET INC CLASS A 02079K305 8,165 10,703 SH   DFND   0 0 10,703
ALPHABET INC CLASS A CLASS A 02079K305 36,640 48,027 SH   SOLE   42,384 0 5,643
ALPHABET INC CLASS C CLASS C 02079K107 10,959 14,711 SH   SOLE   12,362 0 2,349
AMERICAN EXPRESS CO COMMON 025816109 3,838 62,500 SH   DFND   0 0 62,500
AMERICAN EXPRESS CO COMMON 025816109 38,200 622,150 SH   SOLE   538,050 0 84,100
APACHE CORP COMMON 037411105 10,021 205,300 SH   DFND   0 0 205,300
APACHE CORP COMMON 037411105 76,875 1,574,990 SH   SOLE   1,370,790 0 204,200
AUSTRAL&NEW ZEAL BKG BKG SP ADR (1 ORD) 052528304 2,221 124,050 SH   SOLE   124,050 0 0
BANCO BRADESCO S A ADR (1 PFD) 059460303 135,219 18,150,160 SH   SOLE   14,943,180 0 3,206,980
BECTON DICKINSON COMMON 075887109 4,243 27,950 SH   DFND   0 0 27,950
BECTON DICKINSON COMMON 075887109 23,562 155,200 SH   SOLE   131,800 0 23,400
BEMIS INC COMMON 081437105 2,330 45,000 SH   DFND   0 0 45,000
BEMIS INC COMMON 081437105 9,542 184,280 SH   SOLE   156,980 0 27,300
BERKSHIRE HATHAWAY CLASS B 084670702 10,606 74,754 SH   DFND   0 0 74,754
BERKSHIRE HATHAWAY CLASS B 084670702 61,139 430,920 SH   SOLE   371,000 0 59,920
CARLISLE COS INC COMMON 142339100 4,975 50,000 SH   DFND   0 0 50,000
CARLISLE COS INC COMMON 142339100 24,268 243,900 SH   SOLE   213,600 0 30,300
CARNIVAL CORP COMMON 143658300 5,842 110,700 SH   DFND   0 0 110,700
CARNIVAL CORP COMMON 143658300 27,749 525,848 SH   SOLE   452,842 0 73,006
COCA-COLA CO COMMON 191216100 4,073 87,800 SH   DFND   0 0 87,800
COCA-COLA CO COMMON 191216100 18,570 400,300 SH   SOLE   346,700 0 53,600
COPA HOLDINGS CLASS A P31076105 46,961 693,157 SH   SOLE   560,957 0 132,200
CULLEN FROST BANKERS COMMON 229899109 3,511 63,700 SH   DFND   0 0 63,700
CULLEN FROST BANKERS COMMON 229899109 20,435 370,800 SH   SOLE   321,000 0 49,800
DENBURY RES INC COMMON 247916208 4,193 1,888,800 SH   DFND   0 0 1,888,800
DENBURY RES INC COMMON 247916208 28,980 13,054,200 SH   SOLE   11,285,700 0 1,768,500
DENTSPLY SIRONA INC COM USD0.01 24906P109 3,217 52,200 SH   DFND   0 0 52,200
DENTSPLY SIRONA INC COM USD0.01 24906P109 12,227 198,389 SH   SOLE   169,789 0 28,600
EAGLE MATERIALS COMMON 26969P108 2,832 40,400 SH   DFND   0 0 40,400
EAGLE MATERIALS COMMON 26969P108 17,871 254,900 SH   SOLE   220,400 0 34,500
EMERSON ELEC CO COMMON 291011104 2,523 46,400 SH   DFND   0 0 46,400
EMERSON ELEC CO COMMON 291011104 9,201 169,200 SH   SOLE   147,200 0 22,000
FLIR SYS INC COMMON 302445101 3,934 119,400 SH   DFND   0 0 119,400
FLIR SYS INC COMMON 302445101 25,348 769,298 SH   SOLE   668,898 0 100,400
GENERAL DYNAMICS COMMON 369550108 2,076 15,800 SH   DFND   0 0 15,800
GENERAL DYNAMICS COMMON 369550108 6,904 52,555 SH   SOLE   45,655 0 6,900
GENTEX CORP COMMON 371901109 2,846 181,400 SH   DFND   0 0 181,400
GENTEX CORP COMMON 371901109 20,753 1,322,700 SH   SOLE   1,148,600 0 174,100
GRANITE CONSTR INC COMMON 387328107 2,782 58,200 SH   DFND   0 0 58,200
GRANITE CONSTR INC COMMON 387328107 12,729 266,300 SH   SOLE   220,300 0 46,000
HARLEY DAVIDSON INC COMMON 412822108 1,263 24,600 SH   DFND   0 0 24,600
HARLEY DAVIDSON INC COMMON 412822108 9,034 176,000 SH   SOLE   154,100 0 21,900
HEARTLAND EXPRESS IN COMMON 422347104 1,942 104,700 SH   DFND   0 0 104,700
HEARTLAND EXPRESS IN COMMON 422347104 443 23,873 SH   SOLE   23,873 0 0
INFOSYS LIMITED ADR 456788108 183,506 9,648,080 SH   SOLE   7,574,180 0 2,073,900
INTEL CORP COMMON 458140100 4,519 139,700 SH   DFND   0 0 139,700
INTEL CORP COMMON 458140100 24,676 762,780 SH   SOLE   641,160 0 121,620
JACOBS ENGR GROUP COMMON 469814107 3,445 79,100 SH   DFND   0 0 79,100
JACOBS ENGR GROUP COMMON 469814107 32,986 757,439 SH   SOLE   662,639 0 94,800
JOHNSON & JOHNSON COMMON 478160104 9,608 88,800 SH   DFND   0 0 88,800
JOHNSON & JOHNSON COMMON 478160104 57,205 528,700 SH   SOLE   458,500 0 70,200
MARKEL CORP COMMON 570535104 15,417 17,292 SH   DFND   0 0 17,292
MARKEL CORP COMMON 570535104 132,764 148,910 SH   SOLE   128,524 0 20,386
MATTEL INC COMMON 577081102 6,415 190,800 SH   DFND   0 0 190,800
MATTEL INC COMMON 577081102 45,928 1,366,100 SH   SOLE   1,200,400 0 165,700
MDU RES GROUP INC COMMON 552690109 7,128 366,300 SH   DFND   0 0 366,300
MDU RES GROUP INC COMMON 552690109 54,694 2,810,600 SH   SOLE   2,444,500 0 366,100
MEDTRONIC PLC SHS G5960L103 2,966 39,542 SH   DFND   0 0 39,542
MEDTRONIC PLC SHS G5960L103 12,279 163,725 SH   SOLE   143,203 0 20,522
MERCK & CO INC COMMON 58933Y105 3,354 63,400 SH   DFND   0 0 63,400
MERCK & CO INC COMMON 58933Y105 18,852 356,300 SH   SOLE   305,900 0 50,400
MICROSOFT CORP COMMON 594918104 1,851 33,521 SH   DFND   0 0 33,521
MICROSOFT CORP COMMON 594918104 23,009 416,600 SH   SOLE   356,900 0 59,700
NATL AUSTRALIA BK SP ADR (1 ORD) 632525408 1,175 117,466 SH   SOLE   117,466 0 0
OCEANEERING INTL INC COMMON 675232102 2,390 71,900 SH   DFND   0 0 71,900
OCEANEERING INTL INC COMMON 675232102 18,136 545,600 SH   SOLE   471,800 0 73,800
PFIZER INC COMMON 717081103 2,306 77,800 SH   DFND   0 0 77,800
PFIZER INC COMMON 717081103 13,386 451,610 SH   SOLE   385,590 0 66,020
POSCO ADR (0.25 ORD) 693483109 198,852 4,201,386 SH   SOLE   3,417,266 0 784,120
PROCTER & GAMBLE CO COMMON 742718109 10,067 122,300 SH   DFND   0 0 122,300
PROCTER & GAMBLE CO COMMON 742718109 58,111 706,000 SH   SOLE   613,000 0 93,000
QUALCOMM INC COMMON 747525103 4,720 92,300 SH   DFND   0 0 92,300
QUALCOMM INC COMMON 747525103 34,172 668,200 SH   SOLE   580,800 0 87,400
ROCKWELL COLLINS INC COMMON 774341101 2,185 23,700 SH   DFND   0 0 23,700
ROCKWELL COLLINS INC COMMON 774341101 13,500 146,400 SH   SOLE   127,700 0 18,700
SAMSUNG ELECTRS LTD GDR 144A (0.5 ORD) 796050888 325,058 566,672 SH   SOLE   457,038 0 109,634
STATE BK OF INDIA GDR(2 INR10 REG S) 856552203 15,861 541,330 SH   SOLE   332,970 0 208,360
SYSCO CORP COMMON 871829107 2,911 62,300 SH   DFND   0 0 62,300
SYSCO CORP COMMON 871829107 13,678 292,700 SH   SOLE   253,100 0 39,600
TEGNA INC COMMON 87901J105 4,605 196,300 SH   DFND   0 0 196,300
TEGNA INC COMMON 87901J105 14,564 620,820 SH   SOLE   518,930 0 101,890
TELEDYNE TECH INC COMMON 879360105 555 6,300 SH   DFND   0 0 6,300
TELEDYNE TECH INC COMMON 879360105 7,642 86,700 SH   SOLE   75,100 0 11,600
TIDEWATER INC COMMON 886423102 2,656 388,800 SH   DFND   0 0 388,800
TIDEWATER INC COMMON 886423102 21,484 3,145,553 SH   SOLE   2,725,387 0 420,166
TIFFANY & CO COMMON 886547108 609 8,300 SH   DFND   0 0 8,300
TIFFANY & CO COMMON 886547108 7,888 107,500 SH   SOLE   92,700 0 14,800
UNITED TECHNOLOGIES COMMON 913017109 6,967 69,600 SH   DFND   0 0 69,600
UNITED TECHNOLOGIES COMMON 913017109 44,745 447,000 SH   SOLE   389,400 0 57,600
VALLEY NATL BANCORP COMMON 919794107 3,562 373,400 SH   DFND   0 0 373,400
VALLEY NATL BANCORP COMMON 919794107 18,600 1,949,700 SH   SOLE   1,690,300 0 259,400
VALMONT INDS INC COMMON 920253101 2,427 19,600 SH   DFND   0 0 19,600
VALMONT INDS INC COMMON 920253101 20,099 162,300 SH   SOLE   140,900 0 21,400
WALGREENS BOOTS ALNC COMMON 931427108 4,288 50,900 SH   DFND   0 0 50,900
WALGREENS BOOTS ALNC COMMON 931427108 22,012 261,300 SH   SOLE   216,200 0 45,100
WALT DISNEY CO COMMON 254687106 2,552 25,700 SH   DFND   0 0 25,700
WALT DISNEY CO COMMON 254687106 9,802 98,700 SH   SOLE   85,000 0 13,700
WASHINGTON FEDERAL COMMON 938824109 5,087 224,600 SH   DFND   0 0 224,600
WASHINGTON FEDERAL COMMON 938824109 44,276 1,954,775 SH   SOLE   1,659,695 0 295,080
WELLS FARGO & CO COMMON 949746101 10,301 213,000 SH   DFND   0 0 213,000
WELLS FARGO & CO COMMON 949746101 56,869 1,175,950 SH   SOLE   1,000,750 0 175,200
WESTAMERICA BANCORP COMMON 957090103 2,343 48,100 SH   DFND   0 0 48,100
WESTAMERICA BANCORP COMMON 957090103 16,527 339,300 SH   SOLE   299,100 0 40,200
WORLD FUEL SVCS CORP COMMON 981475106 2,487 51,200 SH   DFND   0 0 51,200
WORLD FUEL SVCS CORP COMMON 981475106 545 11,217 SH   SOLE   11,217 0 0