Instuitional Investor - Mraz, Amerine & Associates, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Berkshire Hathaway Inc	BRK.A	166,238	$75,352,361	13.42%
2.	Jefferies Financial Group Inc.	JEF	538,699	$42,234,032	7.52%
3.	Fairfax Financial Holdings Ltd	FRFHF	30,076	$41,847,781	7.45%
4.	White Mountains Insurance Group Ltd	WTM	21,069	$40,980,473	7.3%
5.	Berkley W R Corp	WRB	640,573	$37,486,313	6.67%