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 2,918 26,860 SH   SOLE 1 26,860 0 0
ABRDN PLATINUM ETF TRUST PHYSCL PLATM SHS 003260106 10,244 123,275 SH   SOLE 1 123,275 0 0
AGNICO EAGLE MINES LTD COM 008474108 6,501 142,063 SH   SOLE 1 142,063 0 0
AIR PRODS & CHEMS INC COM 009158106 3,860 16,050 SH   SOLE 1 16,050 0 0
AKAMAI TECHNOLOGIES INC NOTE 0.125% 5/0 00971TAJ0 657 600,000 PRN   SOLE 1 600,000 0 0
AKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 00971TAL5 298 300,000 PRN   SOLE 1 300,000 0 0
ALLEGHANY CORP MD COM 017175100 783 940 SH   SOLE 1 940 0 0
A-MARK PRECIOUS METALS INC COM 00181T107 1,853 57,458 SH   SOLE 1 57,458 0 0
GALLAGHER ARTHUR J & CO COM 363576109 16,606 101,850 SH   SOLE 1 101,850 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 389 5,885 SH   SOLE 1 5,885 0 0
AXALTA COATING SYS LTD COM G0750C108 6,891 311,650 SH   SOLE 1 311,650 0 0
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 6,359 203,870 SH   SOLE 1 203,870 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 39,334 144,070 SH   SOLE 1 144,070 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 0.599% 8/0 09061GAH4 990 1,000,000 PRN   SOLE 1 1,000,000 0 0
BM TECHNOLOGIES INC CL A COM 05591L107 289 49,100 SH   SOLE   49,100 0 0
BROWN & BROWN INC COM 115236101 16,948 290,505 SH   SOLE 1 290,505 0 0
CAMBRIDGE BANCORP COM 132152109 1,498 18,115 SH   SOLE   18,115 0 0
CARRIER GLOBAL CORPORATION COM 14448C104 6,491 182,025 SH   SOLE 1 182,025 0 0
CBOE GLOBAL MKTS INC COM 12503M108 8,939 78,970 SH   SOLE 1 78,970 0 0
CBTX INC COM 12481V104 2,982 112,153 SH   SOLE 1 112,153 0 0
CHURCH & DWIGHT CO INC COM 171340102 10,450 112,779 SH   SOLE 1 112,779 0 0
CIGNA CORP NEW COM 125523100 11,728 44,505 SH   SOLE 1 44,505 0 0
CITIGROUP INC COM NEW 172967424 5,074 110,335 SH   SOLE 1 110,335 0 0
COLGATE PALMOLIVE CO COM 194162103 3,965 49,475 SH   SOLE 1 49,475 0 0
COLONY BANKCORP INC COM 19623P101 492 32,600 SH   SOLE   32,600 0 0
COMERICA INC COM 200340107 10,759 146,625 SH   SOLE 1 146,625 0 0
CURTISS WRIGHT CORP COM 231561101 8,970 67,920 SH   SOLE 1 67,920 0 0
DARDEN RESTAURANTS INC COM 237194105 11,282 99,735 SH   SOLE 1 99,735 0 0
DEVON ENERGY CORP NEW COM 25179M103 2,525 45,825 SH   SOLE 1 45,825 0 0
DIAMOND HILL INVT GROUP INC COM NEW 25264R207 2,075 11,950 SH   SOLE 1 11,950 0 0
EATON CORP PLC SHS G29183103 7,089 56,270 SH   SOLE 1 56,270 0 0
EBAY INC. COM 278642103 6,129 147,075 SH   SOLE 1 147,075 0 0
EVEREST RE GROUP LTD COM G3223R108 10,593 37,795 SH   SOLE 1 37,795 0 0
EXPEDIA GROUP INC COM NEW 30212P303 3,134 33,050 SH   SOLE 1 33,050 0 0
EXXON MOBIL CORP COM 30231G102 882 10,300 SH   SOLE   10,300 0 0
FARO TECHNOLOGIES INC COM 311642102 3,740 121,300 SH   SOLE 1 121,300 0 0
FEDERATED HERMES INC CL B 314211103 16,438 517,075 SH   SOLE 1 517,075 0 0
FIRST AMERN FINL CORP COM 31847r102 321 6,075 SH   SOLE 1 6,075 0 0
FIRST BANCORP P R COM NEW 318672706 11,501 890,825 SH   SOLE 1 890,825 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 429 16,146 SH   SOLE 1 16,146 0 0
GENERAL DYNAMICS CORP COM 369550108 6,404 28,945 SH   SOLE   28,945 0 0
GLOBE LIFE INC COM 37959E102 20,179 207,025 SH   SOLE 1 207,025 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100 3,246 235,352 SH   SOLE 1 235,352 0 0
HENRY SCHEIN INC COM 806407102 2,659 34,650 SH   SOLE 1 34,650 0 0
HESS CORP COM 42809H107 6,036 56,975 SH   SOLE 1 56,975 0 0
HOME DEPOT INC COM 437076102 7,312 26,659 SH   SOLE 1 26,659 0 0
HOSTESS BRANDS INC CL A 44109J106 5,183 244,350 SH   SOLE 1 244,350 0 0
INVESCO LTD SHS G491BT108 1,773 109,890 SH   SOLE 1 109,890 0 0
JOHNSON & JOHNSON COM 478160104 14,052 79,160 SH   SOLE 1 79,160 0 0
KAMAN CORP NOTE 3.250% 5/0 483548AF0 935 1,000,000 PRN   SOLE 1 1,000,000 0 0
KEMPER CORP COM 488401100 7,648 159,675 SH   SOLE 1 159,675 0 0
KEYCORP COM 493267108 11,405 661,925 SH   SOLE 1 661,925 0 0
LEIDOS HOLDINGS INC COM 525327102 12,150 120,645 SH   SOLE 1 120,645 0 0
LIGAND PHARMACEUTICALS INC NOTE 0.750% 5/1 53220KAF5 383 400,000 PRN   SOLE 1 400,000 0 0
LITTELFUSE INC COM 537008104 14,305 56,310 SH   SOLE 1 56,310 0 0
LOUISIANA PAC CORP COM 546347105 234 4,470 SH   SOLE 1 4,470 0 0
MARSH & MCLENNAN COS INC COM 571748102 559 3,600 SH   SOLE   3,600 0 0
MEDTRONIC PLC SHS G5960L103 11,668 130,005 SH   SOLE 1 130,005 0 0
MERCK & CO INC COM 58933Y105 18,253 200,208 SH   SOLE 1 200,208 0 0
MICROSOFT CORP COM 594918104 4,730 18,417 SH   SOLE 1 18,417 0 0
MID PENN BANCORP INC COM 59540G107 562 20,850 SH   SOLE   20,850 0 0
MONDELEZ INTL INC CL A 609207105 11,138 179,391 SH   SOLE 1 179,391 0 0
MOOG INC CL A 615394202 3,970 50,000 SH   SOLE 1 50,000 0 0
NEWMONT CORP COM 651639106 5,107 85,595 SH   SOLE 1 85,595 0 0
NOODLES & CO COM CL A 65540B105 3,867 822,733 SH   SOLE 1 822,733 0 0
NUVASIVE INC COM 670704105 8,341 169,675 SH   SOLE 1 169,675 0 0
NUVASIVE INC NOTE 0.375% 3/1 670704AJ4 534 600,000 PRN   SOLE 1 600,000 0 0
ORACLE CORP COM 68389X105 4,851 69,430 SH   SOLE 1 69,430 0 0
ORIGIN BANCORP INC COM 68621T102 3,948 101,750 SH   SOLE 1 101,750 0 0
OTIS WORLDWIDE CORP COM 68902V107 7,404 104,765 SH   SOLE 1 104,765 0 0
PALO ALTO NETWORKS INC NOTE 0.750% 7/0 697435AD7 744 400,000 PRN   SOLE 1 400,000 0 0
PAYCHEX INC COM 704326107 3,866 33,950 SH   SOLE 1 33,950 0 0
PAYPAL HLDGS INC COM 70450y103 3,076 44,050 SH   SOLE 1 44,050 0 0
PENTAIR PLC SHS G7S00T104 5,613 122,635 SH   SOLE 1 122,635 0 0
PFIZER INC COM 717081103 7,563 144,250 SH   SOLE 1 144,250 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 3,886 53,745 SH   SOLE 1 53,745 0 0
PIONEER NAT RES CO COM 723787107 17,889 80,193 SH   SOLE 1 80,193 0 0
PJT PARTNERS INC COM CL A 69343T107 3,886 55,300 SH   SOLE   55,300 0 0
PPG INDS INC COM 693506107 5,940 51,950 SH   SOLE   51,950 0 0
PRIMERICA INC COM 74164M108 11,701 97,765 SH   SOLE 1 97,765 0 0
PROCTER AND GAMBLE CO COM 742718109 5,800 40,335 SH   SOLE   40,335 0 0
PROGRESSIVE CORP COM 743315103 11,194 96,275 SH   SOLE   96,275 0 0
QCR HOLDINGS INC COM 74727A104 5,278 97,750 SH   SOLE 1 97,750 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101 5,375 55,930 SH   SOLE 1 55,930 0 0
RENAISSANCERE HLDGS LTD COM G7496G103 15,474 98,959 SH   SOLE 1 98,959 0 0
SCHLUMBERGER LTD COM STK 806857108 9,544 266,900 SH   SOLE 1 266,900 0 0
SENSATA TECHNOLOGIES HLDG PL SHS G8060N102 11,931 288,825 SH   SOLE 1 288,825 0 0
SOUTHSTATE CORPORATION COM 840441109 8,691 112,650 SH   SOLE 1 112,650 0 0
STATE STR CORP COM 857477103 9,001 146,000 SH   SOLE 1 146,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 4,215 120,200 SH   SOLE 1 120,200 0 0
SYNOVUS FINL CORP COM NEW 87161C501 8,230 228,300 SH   SOLE 1 228,300 0 0
TEXAS ROADHOUSE INC COM 882681109 3,587 49,000 SH   SOLE 1 49,000 0 0
HOWARD HUGHES CORP COM 44267d107 10,225 150,255 SH   SOLE 1 150,255 0 0
PNC FINL SVCS GROUP INC COM 693475105 7,324 46,420 SH   SOLE   46,420 0 0
US BANCORP DEL COM NEW 902973304 12,445 270,420 SH   SOLE 1 270,420 0 0
VECTRUS INC COM 92242T101 3,844 114,880 SH   SOLE 1 114,880 0 0
VISHAY INTERTECHNOLOGY INC NOTE 2.250% 6/1 928298AP3 946 1,000,000 PRN   SOLE 1 1,000,000 0 0
VOYA FINANCIAL INC COM 929089100 13,551 227,625 SH   SOLE 1 227,625 0 0
BERKLEY W R CORP COM 084423102 7,792 114,145 SH   SOLE 1 114,145 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 297 7,830 SH   SOLE 1 7,830 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 3,863 3,100 SH   SOLE 1 3,100 0 0
ZILLOW GROUP INC NOTE 2.750% 5/1 98954MAH4 659 700,000 PRN   SOLE 1 700,000 0 0
ZIMVIE INC COM 98888T107 2,070 129,300 SH   SOLE 1 129,300 0 0