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
BARRICK GOLD STK 067901108 98,555 4,339,127 SH   SOLE   4,339,127 0 0
BERKSHIRE HATHAWAY STK 084670702 1,268,795 547,200 SH   SOLE   547,200 0 0
BUENAVENTURA ADR 204448104 59,296 4,864,352 SH   SOLE   4,864,352 0 0
CITIGROUP STK 172967424 96,248 1,560,943 SH   SOLE   1,560,943 0 0
EMBRAER ADR 29082A107 35,971 5,282,065 SH   SOLE   5,282,065 0 0
GAIA STK 36269P104 1,273 128,825 SH   SOLE   128,825 0 0
GENERAL MOTORS STK 37045V100 416 10,000 SH   SOLE   10,000 0 0
HALLADOR ENERGY STK 40609P105 241 164,204 SH   SOLE   164,204 0 0
HEWLETT PACKARD STK 42824C109 75,117 6,339,009 SH   SOLE   6,339,009 0 0
INFOSYS ADR 456788108 58,752 3,466,214 SH   SOLE   3,466,214 0 0
NOV INC STK 637071101 104,210 7,589,981 SH   SOLE   7,589,981 0 0
OCEANEERING STK 675232102 672 84,529 SH   SOLE   84,529 0 0
PETROBRAS ADR 71654V101 69,356 6,270,923 SH   SOLE   6,270,923 0 0
PHILIP MORRIS STK 718172109 6,714 81,100 SH   SOLE   81,100 0 0
SAMSUNG ELECTRONICS GDR 796050888 522 286 SH   SOLE   286 0 0
SK TELECOM ADR 78440P108 64,099 2,618,434 SH   SOLE   2,618,434 0 0
SYNCHRONY FINANCIAL STK 87165B103 4,196 120,900 SH   SOLE   120,900 0 0
TELKOM INDONESIA ADR 715684106 51,564 2,192,331 SH   SOLE   2,192,331 0 0
TURKCELL ADR 900111204 92,604 7,467,579 SH   SOLE   7,467,579 0 0
VIACOM CBS STK 92556H206 202 5,425 SH   SOLE   5,425 0 0