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
ALLEGIANT TRAVEL CO COM 01748X102 2,503 34,300 SH   SOLE NONE 34,300 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 113,551 425,253 SH   SOLE NONE 362,553 0 62,700
CITIGROUP INC COM NEW 172967424 86,027 2,064,474 SH   SOLE NONE 1,593,574 0 470,900
COLLIERS INTL GROUP INC SUB VTG SHS 194693107 293 3,200 SH   SOLE NONE 3,200 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 14,177 2,106,520 SH   SOLE NONE 2,106,520 0 0
COPA HOLDINGS SA CL A P31076105 523 7,800 SH   SOLE NONE 7,800 0 0
EMBRAER S.A. SPONSORED ADS 29082A107 19,607 2,279,903 SH   SOLE NONE 2,279,903 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 916 14,600 SH   SOLE NONE 14,600 0 0
GAIA INC NEW CL A 36269P104 366 150,525 SH   SOLE NONE 150,525 0 0
GENERAL MTRS CO COM 37045V100 186 5,800 SH   SOLE NONE 5,800 0 0
HALLADOR ENERGY COMPANY COM 40609P105 1,453 258,602 SH   SOLE NONE 258,602 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 58,578 4,889,691 SH   SOLE NONE 3,656,491 0 1,233,200
INFOSYS LTD SPONSORED ADR 456788108 9,534 561,798 SH   SOLE NONE 561,798 0 0
NETFLIX INC COM 64110L106 989 4,200 SH   SOLE NONE 4,200 0 0
OCEANEERING INTL INC COM 675232102 997 125,229 SH   SOLE NONE 125,229 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 22,145 767,589 SH   SOLE NONE 767,589 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 16,799 1,516,123 SH   SOLE NONE 1,516,123 0 0
PHILIP MORRIS INTL INC COM 718172109 1,776 21,400 SH   SOLE NONE 21,400 0 0
PLDT INC SPONSORED ADR 69344D408 837 33,100 SH   SOLE NONE 33,100 0 0
PROGRESSIVE CORP COM 743315103 988 8,500 SH   SOLE NONE 8,500 0 0
SOUTHWEST AIRLS CO COM 844741108 68,382 2,217,300 SH   SOLE NONE 1,692,600 0 524,700
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 58,900 1,233,500 SH   SOLE NONE 951,100 0 282,400
SYNCHRONY FINANCIAL COM 87165B103 1,677 59,500 SH   SOLE NONE 59,500 0 0
TERNIUM SA SPONSORED ADS 880890108 16,117 588,436 SH   SOLE NONE 588,436 0 0
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 7,271 2,733,517 SH   SOLE NONE 2,733,517 0 0