The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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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 |
| Acuity Brands Inc | COM | 00508Y102 | 172,760 | 1,251,885 | SH | SOLE | 1,107,001 | 0 | 144,884 | ||
| Adtalem Global Ed Inc | COM | 00737L103 | 60,355 | 1,725,901 | SH | SOLE | 1,540,030 | 0 | 185,871 | ||
| Alphabet Inc | CAP STK CL A | 02079K305 | 18,130 | 13,536 | SH | SOLE | 12,039 | 0 | 1,497 | ||
| Alphabet Inc | CAP STK CL C | 02079K107 | 56,053 | 41,924 | SH | SOLE | 37,199 | 0 | 4,725 | ||
| Arcos Dorados Holdings Inc | SHS CL A | G0457F107 | 19,270 | 2,379,000 | SH | SOLE | 2,210,768 | 0 | 168,232 | ||
| Astronics Corp | COM | 046433108 | 57,738 | 2,065,768 | SH | SOLE | 1,893,045 | 0 | 172,723 | ||
| Baidu Inc | SPON ADR REP A | 056752108 | 38,166 | 301,948 | SH | SOLE | 283,328 | 0 | 18,620 | ||
| Bank of America Corp | COM | 060505104 | 180,719 | 5,131,142 | SH | SOLE | 4,536,331 | 0 | 594,811 | ||
| Barrick Gold Corp | COM | 067901108 | 42,156 | 2,267,691 | SH | SOLE | 2,267,691 | 0 | 0 | ||
| Berkshire Hathaway Inc | CL A | 084670108 | 296,122 | 872 | SH | SOLE | 772 | 0 | 100 | ||
| Berkshire Hathaway Inc | CL B | 084670702 | 114,127 | 503,871 | SH | SOLE | 442,989 | 0 | 60,882 | ||
| CDK Global Inc. | COM | 12508E101 | 55,020 | 1,006,217 | SH | SOLE | 906,433 | 0 | 99,784 | ||
| Cimarex Energy Co | COM | 171798101 | 124,031 | 2,362,936 | SH | SOLE | 2,082,000 | 0 | 280,936 | ||
| Criteo SA | SPON ADS | 226718104 | 55,827 | 3,221,413 | SH | SOLE | 2,987,006 | 0 | 234,407 | ||
| Dollar Tree | COM | 256746108 | 406 | 4,315 | SH | SOLE | 4,315 | 0 | 0 | ||
| Embraer SA | SPON ADS | 29082A107 | 392 | 20,092 | SH | SOLE | 20,092 | 0 | 0 | ||
| iShares Gold Trust | ISHARES | 464285105 | 269,830 | 18,608,954 | SH | SOLE | 13,159,429 | 0 | 5,449,525 | ||
| Goldman Sachs | COM | 38141G104 | 117,931 | 512,898 | SH | SOLE | 455,405 | 0 | 57,493 | ||
| LKQ Corp | COM | 501889208 | 88,730 | 2,485,423 | SH | SOLE | 2,205,856 | 0 | 279,567 | ||
| Loma Negra Corp | SPON ADS | 54150E104 | 17,175 | 2,196,269 | SH | SOLE | 2,196,269 | 0 | 0 | ||
| Mastercard Inc | CL A | 57636Q104 | 129,962 | 435,251 | SH | SOLE | 386,424 | 0 | 48,827 | ||
| Net 1 UEPS Technologies | COM | 64107N206 | 26,533 | 7,132,477 | SH | SOLE | 6,736,007 | 0 | 396,470 | ||
| Newmont Goldcorp Corp. | COM | 651639106 | 86,832 | 1,998,431 | SH | SOLE | 1,970,996 | 0 | 27,435 | ||
| News Corp | CL A | 65249B109 | 78,049 | 5,519,754 | SH | SOLE | 5,208,738 | 0 | 311,016 | ||
| News Corp | CL B | 65249B208 | 333 | 22,953 | SH | SOLE | 22,953 | 0 | 0 | ||
| Oracle Corp | COM | 68389X105 | 56,747 | 1,071,105 | SH | SOLE | 964,852 | 0 | 106,253 | ||
| Phoenix New Media Ltd | SPON ADS | 71910C103 | 9,787 | 4,993,454 | SH | SOLE | 4,993,454 | 0 | 0 | ||
| Qurate Retail Inc | COM SER A | 74915M100 | 43,718 | 5,186,009 | SH | SOLE | 4,681,685 | 0 | 504,324 | ||
| Schlumberger Ltd | COM | 806857108 | 149,112 | 3,709,264 | SH | SOLE | 3,380,945 | 0 | 328,319 | ||
| Sina Corp | COM | G81477104 | 41,121 | 1,029,828 | SH | SOLE | 960,044 | 0 | 69,784 | ||
| Western Union Co | COM | 959802109 | 34,329 | 1,281,900 | SH | SOLE | 1,161,149 | 0 | 120,751 | ||