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
ALLERGAN PLC SHS G0177J108 290 1,067 SH   SOLE   1,067 0 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 308 39,150 SH   SOLE   37,900 0 1,250
AMERICAN INTL GROUP INC COM NEW 026874784 12,762 224,603 SH   SOLE   216,707 0 7,896
BANK AMER CORP COM 060505104 10,672 684,998 SH   SOLE   660,446 0 24,552
BANK AMER CORP *W EXP 10/28/201 060505153 11 40,700 SH   SOLE   40,700 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 8,265 63,383 SH   SOLE   61,123 0 2,260
BLACKROCK RES AND COMM STRAT T SHS 09257A108 5,432 765,046 SH   SOLE   741,283 0 23,763
BLOCK H AND R INC COM 093671105 7,863 217,211 SH   SOLE   210,420 0 6,791
BLUCORA INC COM 095229100 5,339 387,700 SH   SOLE   377,060 0 10,640
BLYTH INC COM NEW 09643P207 749 125,440 SH   SOLE   125,440 0 0
BROOKFIELD MTG OPP INC FD IN COM 112792106 153 10,400 SH   SOLE   10,300 0 100
CHEMOURS CO COM 163851108 2,348 362,895 SH   SOLE   349,380 0 13,515
CIVEO CORP CDA COM 17878Y108 257 173,330 SH   SOLE   173,330 0 0
EATON VANCE NATL MUN OPPORT COM SHS 27829L105 444 21,450 SH   SOLE   21,350 0 100
EMERGENT CAP INC COM 29102N105 2,504 459,487 SH   SOLE   459,487 0 0
ENOVA INTL INC COM 29357K103 4,081 399,296 SH   SOLE   382,836 0 16,460
FIRST AMERN FINL CORP COM 31847R102 2,813 71,995 SH   SOLE   71,995 0 0
GETTY RLTY CORP NEW COM 374297109 4,845 306,650 SH   SOLE   293,810 0 12,840
HARVARD BIOSCIENCE INC COM 416906105 1,040 275,150 SH   SOLE   275,150 0 0
HOWARD HUGHES CORP COM 44267D107 2,702 23,548 SH   SOLE   23,548 0 0
KCG HLDGS INC CL A 48244B100 381 34,730 SH   SOLE   34,730 0 0
LAYNE CHRISTENSEN CO COM 521050104 324 49,821 SH   SOLE   49,821 0 0
LEIDOS HLDGS INC COM 525327102 7,403 179,208 SH   SOLE   174,322 0 4,866
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 2,540 184,860 SH   SOLE   180,510 0 4,350
MORGAN STANLEY EMER MKTS DEB COM 61744H105 524 62,850 SH   SOLE   62,650 0 200
NAVIENT CORP COM 63938C108 5,169 459,860 SH   SOLE   442,710 0 17,150
NEWMONT MINING CORP COM 651639106 2,065 128,516 SH   SOLE   122,481 0 6,035
OLD REP INTL CORP COM 680223104 11,835 756,689 SH   SOLE   734,480 0 22,209
SANOFI RIGHT 12/31/2020 80105N113 5 27,400 SH   SOLE   27,400 0 0
SCIENCE APPLICATNS INTL CP N COM 808625107 7,248 180,263 SH   SOLE   174,604 0 5,659
SEARS HLDGS CORP COM 812350106 1,308 57,881 SH   SOLE   57,881 0 0
SEARS HLDGS CORP *W EXP 12/15/201 812350155 908 51,899 SH   SOLE   50,609 0 1,290
SILVER BAY RLTY TR CORP COM 82735Q102 941 58,765 SH   SOLE   58,765 0 0
TEMPLETON RUS AND EAST EUR F COM 88022F105 567 58,250 SH   SOLE   58,250 0 0
TRI POINTE HOMES INC COM 87265H109 1,035 79,070 SH   SOLE   79,070 0 0
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 6,620 762,680 SH   SOLE   735,530 0 27,150
VECTRUS INC COM 92242T101 10,324 468,425 SH   SOLE   452,735 0 15,690
VEREIT INC COM 92339V100 9,714 1,258,240 SH   SOLE   1,213,240 0 45,000
WESTERN ASSET CLYM INFL OPP COM 95766R104 482 46,330 SH   SOLE   46,130 0 200