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
ABBOTT LABS COM 002824100 5,217 43,535 SH   SOLE 1 43,535 0 0
ABERDEEN STD PLATINUM ETF TR PHYSCL PLATM SHS 003260106 13,212 118,700 SH   SOLE 1 118,700 0 0
AFLAC INC COM 001055102 9,481 185,255 SH   SOLE 1 185,255 0 0
AGNICO EAGLE MINES LTD COM 008474108 2,370 41,000 SH   SOLE   41,000 0 0
AKAMAI TECHNOLOGIES INC NOTE 0.125% 5/0 00971TAJ0 726 600,000 PRN   SOLE 1 600,000 0 0
AKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 00971TAL5 325 300,000 PRN   SOLE 1 300,000 0 0
ALLEGHANY CORP DEL COM 017175100 23,113 36,904 SH   SOLE 1 36,904 0 0
GALLAGHER ARTHUR J & CO COM 363576109 15,821 126,800 SH   SOLE 1 126,800 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 301 6,060 SH   SOLE 1 6,060 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 1,068 44,308 SH   SOLE   44,308 0 0
AXALTA COATING SYS LTD COM G0750C108 7,289 246,400 SH   SOLE 1 246,400 0 0
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 7,088 185,450 SH   SOLE 1 185,450 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 41,279 161,580 SH   SOLE 1 161,580 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 0.599% 8/0 09061GAH4 1,012 1,000,000 PRN   SOLE 1 1,000,000 0 0
BM TECHNOLOGIES INC CL A COM 05591L107 511 43,900 SH   SOLE   43,900 0 0
PRICELINE GRP INC NOTE 0.900% 9/1 741503AX4 352 300,000 PRN   SOLE 1 300,000 0 0
BROWN & BROWN INC COM 115236101 16,750 366,430 SH   SOLE 1 366,430 0 0
CAMBRIDGE BANCORP COM 132152109 1,527 18,115 SH   SOLE   18,115 0 0
CAMPBELL SOUP CO COM 134429109 405 8,050 SH   SOLE 1 8,050 0 0
CARRIER GLOBAL CORPORATION COM 14448C104 1,597 37,830 SH   SOLE   37,830 0 0
CBOE GLOBAL MKTS INC COM 12503M108 10,979 111,245 SH   SOLE 1 111,245 0 0
CENTRAL VY CMNTY BANCORP COM 155685100 1,557 84,578 SH   SOLE 1 84,578 0 0
CHURCH & DWIGHT INC COM 171340102 10,830 123,984 SH   SOLE 1 123,984 0 0
CIGNA CORP NEW COM 125523100 5,833 24,130 SH   SOLE   24,130 0 0
CIRCOR INTL INC COM 17273k109 945 27,150 SH   SOLE 1 27,150 0 0
CITIGROUP INC COM NEW 172967424 5,010 68,870 SH   SOLE 1 68,870 0 0
COLGATE PALMOLIVE CO COM 194162103 1,115 14,150 SH   SOLE   14,150 0 0
COMERICA INC COM 200340107 20,546 286,400 SH   SOLE 1 286,400 0 0
CURTISS WRIGHT CORP COM 231561101 8,741 73,700 SH   SOLE 1 73,700 0 0
DARDEN RESTAURANTS INC COM 237194105 8,925 62,850 SH   SOLE 1 62,850 0 0
DEVON ENERGY CORP NEW COM 25179M103 1,444 66,100 SH   SOLE 1 66,100 0 0
DIAMOND HILL INVT GROUP INC COM NEW 25264R207 1,584 10,150 SH   SOLE 1 10,150 0 0
DOMTAR CORP COM NEW 257559203 1,851 50,093 SH   SOLE 1 50,093 0 0
EATON CORP PLC SHS G29183103 7,988 57,770 SH   SOLE 1 57,770 0 0
EBAY INC. COM 278642103 9,664 157,800 SH   SOLE 1 157,800 0 0
EMERGENT BIOSOLUTIONS INC COM 29089Q105 2,327 25,050 SH   SOLE 1 25,050 0 0
EVEREST RE GROUP LTD COM G3223R108 9,831 39,670 SH   SOLE 1 39,670 0 0
EXXON MOBIL CORP COM 30231G102 670 12,000 SH   SOLE   12,000 0 0
FARO TECHNOLOGIES INC COM 311642102 1,939 22,400 SH   SOLE 1 22,400 0 0
FEDERATED HERMES INC CL B 314211103 14,123 451,200 SH   SOLE 1 451,200 0 0
FIRST AMERN FINL CORP COM 31847r102 344 6,075 SH   SOLE 1 6,075 0 0
FIRST BANCSHARES INC MS COM 318916103 727 19,850 SH   SOLE   19,850 0 0
FIRST CHOICE BANCORP COM 31948P104 710 29,200 SH   SOLE   29,200 0 0
FIRST HORIZON CORPORATION COM 320517105 11,997 709,480 SH   SOLE 1 709,480 0 0
FLIR SYS INC COM 302445101 10,117 179,150 SH   SOLE 1 179,150 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 442 16,146 SH   SOLE 1 16,146 0 0
GENERAL DYNAMICS CORP COM 369550108 6,070 33,430 SH   SOLE   33,430 0 0
GLOBE LIFE INC COM 37959E102 22,062 228,310 SH   SOLE 1 228,310 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100 3,316 246,152 SH   SOLE 1 246,152 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 3,340 50,000 SH Call SOLE   50,000 0 0
HENRY SCHEIN INC COM 806407102 1,724 24,900 SH   SOLE 1 24,900 0 0
HESS CORP COM 42809H107 8,654 122,300 SH   SOLE 1 122,300 0 0
HOME DEPOT INC COM 437076102 8,707 28,524 SH   SOLE 1 28,524 0 0
HOMETRUST BANCSHARES INC COM 437872104 3,959 162,600 SH   SOLE 1 162,600 0 0
HOSTESS BRANDS INC CL A 44109J106 2,059 143,600 SH   SOLE 1 143,600 0 0
INVESCO LTD SHS G491BT108 1,306 51,800 SH   SOLE 1 51,800 0 0
JEFFERIES FINL GROUP INC COM 47233W109 1,380 45,850 SH   SOLE 1 45,850 0 0
JOHNSON & JOHNSON COM 478160104 7,019 42,710 SH   SOLE 1 42,710 0 0
JPMORGAN CHASE & CO COM 46625H100 13,632 89,550 SH   SOLE   89,550 0 0
KAMAN CORP NOTE 3.250% 5/0 483548AF0 1,084 1,000,000 PRN   SOLE 1 1,000,000 0 0
KEYCORP COM 493267108 19,701 986,050 SH   SOLE 1 986,050 0 0
KINROSS GOLD CORP COM 496902404 560 83,900 SH   SOLE 1 83,900 0 0
LEIDOS HOLDINGS INC COM 525327102 10,193 105,870 SH   SOLE 1 105,870 0 0
LIGAND PHARMACEUTICALS INC NOTE 0.750% 5/1 53220KAF5 725 700,000 PRN   SOLE 1 700,000 0 0
LITTELFUSE INC COM 537008104 11,995 45,360 SH   SOLE 1 45,360 0 0
LOUISIANA PAC CORP COM 546347105 650 11,720 SH   SOLE 1 11,720 0 0
MARSH & MCLENNAN COS INC COM 571748102 475 3,900 SH   SOLE   3,900 0 0
MEDTRONIC PLC SHS G5960L103 11,482 97,200 SH   SOLE 1 97,200 0 0
MERCK & CO. INC COM 58933Y105 17,715 229,798 SH   SOLE 1 229,798 0 0
MICROSOFT CORP COM 594918104 5,004 21,225 SH   SOLE 1 21,225 0 0
MONDELEZ INTL INC CL A 609207105 11,190 191,191 SH   SOLE 1 191,191 0 0
MOOG INC CL A 615394202 3,987 47,950 SH   SOLE 1 47,950 0 0
NEWMONT CORP COM 651639106 4,924 81,700 SH   SOLE 1 81,700 0 0
NOODLES & CO COM CL A 65540B105 7,463 721,083 SH   SOLE 1 721,083 0 0
NUVASIVE INC COM 670704105 9,496 144,850 SH   SOLE 1 144,850 0 0
THE ONE GROUP HOSPITALITY IN COM 88338K103 288 38,450 SH   SOLE   38,450 0 0
OPEN LENDING CORP COM CL A 68373J104 312 8,800 SH   SOLE   8,800 0 0
ORACLE CORP COM 68389X105 5,433 77,430 SH   SOLE 1 77,430 0 0
ORIGIN BANCORP INC COM 68621T102 5,545 130,750 SH   SOLE 1 130,750 0 0
OTIS WORLDWIDE CORP COM 68902V107 5,102 74,540 SH   SOLE 1 74,540 0 0
PALO ALTO NETWORKS INC NOTE 0.750% 7/0 697435AD7 661 500,000 PRN   SOLE 1 500,000 0 0
PAYCHEX INC COM 704326107 6,342 64,700 SH   SOLE 1 64,700 0 0
PAYPAL HLDGS INC COM 70450y103 4,092 16,850 SH   SOLE   16,850 0 0
PCSB FINL CORP COM 69324R104 3,670 220,943 SH   SOLE 1 220,943 0 0
PENTAIR PLC SHS G7S00T104 12,163 195,170 SH   SOLE 1 195,170 0 0
PIONEER NAT RES CO COM 723787107 17,757 111,804 SH   SOLE 1 111,804 0 0
PJT PARTNERS INC COM CL A 69343T107 4,411 65,200 SH   SOLE   65,200 0 0
PPG INDS INC COM 693506107 7,423 49,400 SH   SOLE   49,400 0 0
PRIMERICA INC COM 74164M108 9,836 66,540 SH   SOLE 1 66,540 0 0
PROCTER AND GAMBLE CO COM 742718109 6,455 47,660 SH   SOLE 1 47,660 0 0
PROGRESSIVE CORP COM 743315103 10,049 105,100 SH   SOLE   105,100 0 0
QCR HOLDINGS INC COM 74727A104 4,450 94,250 SH   SOLE 1 94,250 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101 5,241 67,830 SH   SOLE 1 67,830 0 0
REGAL BELOIT CORP COM 758750103 1,363 9,550 SH   SOLE 1 9,550 0 0
RENAISSANCERE HLDGS LTD COM G7496G103 25,269 157,684 SH   SOLE 1 157,684 0 0
ROBERT HALF INTL INC COM 770323103 10,707 137,150 SH   SOLE 1 137,150 0 0
SCHLUMBERGER LTD COM 806857108 9,231 339,500 SH   SOLE 1 339,500 0 0
SCIENCE APPLICATIONS INTL CO COM 808625107 2,742 32,800 SH   SOLE   32,800 0 0
SELECTIVE INS GROUP INC COM 816300107 2,725 37,570 SH   SOLE 1 37,570 0 0
SENSATA TECHNOLOGIES HLDG PL SHS G8060N102 6,241 107,700 SH   SOLE 1 107,700 0 0
SILVERGATE CAP CORP CL A 82837P408 394 2,771 SH   SOLE   2,771 0 0
SUNCOR ENERGY INC NEW COM 867224107 2,452 117,300 SH   SOLE 1 117,300 0 0
SYNOVUS FINL CORP COM NEW 87161C501 8,338 182,250 SH   SOLE 1 182,250 0 0
COCA COLA CO COM 191216100 5,058 95,965 SH   SOLE 1 95,965 0 0
HANOVER INS GROUP INC COM 410867105 7,136 55,125 SH   SOLE 1 55,125 0 0
HOWARD HUGHES CORP COM 44267d107 14,483 152,245 SH   SOLE 1 152,245 0 0
SMUCKER J M CO COM NEW 832696405 12,124 95,820 SH   SOLE 1 95,820 0 0
PNC FINL SVCS GROUP INC COM 693475105 15,112 86,150 SH   SOLE 1 86,150 0 0
US BANCORP DEL COM NEW 902973304 19,846 358,820 SH   SOLE 1 358,820 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 3,632 127,050 SH   SOLE 1 127,050 0 0
VECTRUS INC COM 92242T101 4,846 90,680 SH   SOLE 1 90,680 0 0
VISHAY INTERTECHNOLOGY INC NOTE 2.250% 6/1 928298AP3 544 500,000 PRN   SOLE 1 500,000 0 0
VOYA FINANCIAL INC COM 929089100 12,486 196,200 SH   SOLE 1 196,200 0 0
BERKLEY W R CORP COM 084423102 7,964 105,700 SH   SOLE 1 105,700 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 361 6,580 SH   SOLE 1 6,580 0 0