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
Acacia Research COM 003881307 319 91,900 SH   SOLE   91,900 0 0
Alphabet Inc - CL A COM 02079K305 1,392 950 SH   SOLE   950 0 0
Alphabet Inc - CL C COM 02079K107 1,662 1,131 SH   SOLE   1,131 0 0
American National Group Inc COM 02772A109 41 600 SH   SOLE   600 0 0
Apple Computer Inc COM 037833100 1,953 16,865 SH   SOLE   16,865 0 0
Axalta Coatings Sys LTD COM G0750C108 29 1,300 SH   SOLE   1,300 0 0
Barklays BK PLC Ipath B Short Term 06746P621 7 300 SH   SOLE   300 0 0
Berkshire Hathaway Inc. CL A 084670108 16,000 50 SH   SOLE   50 0 0
Berkshire Hathaway Inc. CL B 084670702 13,709 64,380 SH   SOLE   64,380 0 0
Blackberry LTD COM 09228F103 330 72,000 SH   SOLE   72,000 0 0
Cadiz Inc. COM 127537207 3,044 306,500 SH   SOLE   306,500 0 0
Cardiff Oncology Inc. COM 14147L108 14 1,000 SH   SOLE   1,000 0 0
Citigoup Inc. COM 172967424 513 11,900 SH   SOLE   11,900 0 0
Corteva COM 22052L104 173 6,000 SH   SOLE   6,000 0 0
Creative Realities Inc. COM 22530J200 0 78 SH   SOLE   78 0 0
CTO Realty Growth Inc. COM 22948O103 1,802 40,872 SH   SOLE   40,872 0 0
Dow Chemical COM 260557103 405 8,600 SH   SOLE   8,600 0 0
Du Pont E I De Nemours & Co COM 26614N102 544 9,800 SH   SOLE   9,800 0 0
Energy Recovery Inc. COM 29270J100 553 67,400 SH   SOLE   67,400 0 0
Enerplus Resources Fund COM 292766102 124 66,500 SH   SOLE   66,500 0 0
Five Point Holdings LLC COM CL A 33833Q106 13 3,000 SH   SOLE   3,000 0 0
Fuel Tech Inc. COM 359523107 13 15,000 SH   SOLE   15,000 0 0
Goldman Sachs Group Inc COM 38141G104 1,309 6,515 SH   SOLE   6,515 0 0
GW Pharmaceuticals PLC ADS 36197T103 97 995 SH   SOLE   995 0 0
International Business Mach COM 459200101 12 100 SH   SOLE   100 0 0
Jefferies Financial Group Inc. COM 47233W109 158 8,800 SH   SOLE   8,800 0 0
JPMorgan Chase & Co. COM 46625H100 218 2,260 SH   SOLE   2,260 0 0
Kennedy-Wilson Hldgs COM 489398107 63,681 4,385,747 SH   SOLE   4,385,747 0 0
Kinder Morgan, Inc. COM 49456B101 15 1,200 SH   SOLE   1,200 0 0
Manitowoc Co Inc. COM 563571405 18 2,100 SH   SOLE   2,100 0 0
Nephros Inc. COM 640671400 114 15,700 SH   SOLE   15,700 0 0
Nucor Corp COM 670346105 352 7,850 SH   SOLE   7,850 0 0
Occidental Petrolium COM 674599105 40 4,000 SH   SOLE   4,000 0 0
Polymet Mining Corp. COM NEW 731916409 442 121,050 SH   SOLE   121,050 0 0
Proshares Short S&P 500 SHORT S&P 500 NE 74347B425 786 38,700 SH   SOLE   38,700 0 0
Proshares Short Dow 30 PSHS SHORT DOW 30 74347B235 339 7,750 SH   SOLE   7,750 0 0
Reading International Inc CL A 755408101 126 39,000 SH   SOLE   39,000 0 0
Taylor Devices Inc COM 877163105 270 28,401 SH   SOLE   28,401 0 0
Viacomcbs Inc. CL B 92556H206 199 7,100 SH   SOLE   7,100 0 0
White Mtns Ins Group Ltd COM G9618E107 17,621 22,620 SH   SOLE   22,620 0 0