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
ALAMOS GOLD INC NEW COM CL A CS 011532108 735 223,255 SH   SOLE   223,255 0 0
AMDOCS LTD SHS CS G02602103 12,369 226,671 SH   SOLE   226,671 0 0
AMERICAN SCIENCE & ENGR INC CO CS 029429107 11,985 289,639 SH   SOLE   289,639 0 0
APPLE INC COM CS 037833100 1,680 15,964 SH   SOLE   15,964 0 0
BALDWIN & LYONS INC CL B CS 057755209 13,838 575,877 SH   SOLE   575,877 0 0
BANK NEW YORK MELLON CORP COM CS 064058100 6,880 166,910 SH   SOLE   166,910 0 0
BERKSHIRE HATHAWAY INC DEL CL CS 084670702 16,326 123,642 SH   SOLE   123,642 0 0
BIO RAD LABS INC CL A CS 090572207 9,609 69,302 SH   SOLE   69,302 0 0
CISCO SYS INC COM CS 17275R102 3,975 146,400 SH   SOLE   146,400 0 0
COACH INC COM CS 189754104 7,976 243,685 SH   SOLE   243,685 0 0
CONTANGO OIL & GAS COMPANY COM CS 21075N204 130 20,215 SH   SOLE   20,215 0 0
CUBIC CORP COM CS 229669106 4,317 91,358 SH   SOLE   91,358 0 0
DOLLAR GEN CORP NEW COM CS 256677105 848 11,800 SH   SOLE   11,800 0 0
EXPRESS SCRIPTS HLDG CO COM CS 30219G108 7,678 87,840 SH   SOLE   87,840 0 0
FABRINET SHS CS G3323L100 9,684 406,542 SH   SOLE   406,542 0 0
FRP HLDGS INC COM CS 30292L107 832 24,506 SH   SOLE   24,506 0 0
HAWKINS INC COM CS 420261109 6,535 182,703 SH   SOLE   182,703 0 0
INGRAM MICRO INC CL A CS 457153104 13,499 444,322 SH   SOLE   444,322 0 0
LABORATORY CORP AMER HLDGS COM CS 50540R409 878 7,101 SH   SOLE   7,101 0 0
LEUCADIA NATL CORP COM CS 527288104 8,957 515,070 SH   SOLE   515,070 0 0
MATTEL INC COM CS 577081102 6,032 222,025 SH   SOLE   222,025 0 0
MEDASSETS INC COM CS 584045108 1,779 57,500 SH   SOLE   57,500 0 0
MICROSOFT CORP COM CS 594918104 7,569 136,435 SH   SOLE   136,435 0 0
NORTHERN TR CORP COM CS 665859104 1,389 19,270 SH   SOLE   19,270 0 0
OAKTREE CAP GROUP LLC UNIT CL CS 674001201 10,336 216,607 SH   SOLE   216,607 0 0
PATTERSON UTI ENERGY INC COM CS 703481101 5,915 392,260 SH   SOLE   392,260 0 0
PROFIRE ENERGY INC COM CS 74316X101 347 350,581 SH   SOLE   350,581 0 0
SANDISK CORP COM CS 80004C101 2,015 26,515 SH   SOLE   26,515 0 0
SANDSTORM GOLD LTD COM NEW CS 80013R206 7,945 3,021,001 SH   SOLE   3,021,001 0 0
SILVER WHEATON CORP COM CS 828336107 4,996 402,245 SH   SOLE   402,245 0 0
STAPLES INC COM CS 855030102 4,257 449,550 SH   SOLE   449,550 0 0
SYMANTEC CORP COM CS 871503108 10,978 522,780 SH   SOLE   522,780 0 0
TELEPHONE & DATA SYS INC COM N CS 879433829 8,599 332,134 SH   SOLE   332,134 0 0
TERADATA CORP DEL COM CS 88076W103 1,861 70,425 SH   SOLE   70,425 0 0
TETRA TECH INC NEW COM CS 88162G103 21,340 820,120 SH   SOLE   820,120 0 0
UNIT CORP COM CS 909218109 6,851 561,535 SH   SOLE   561,535 0 0
VERIZON COMMUNICATIONS INC COM CS 92343V104 13,796 298,476 SH   SOLE   298,476 0 0
WESTERN UN CO COM CS 959802109 10,996 613,970 SH   SOLE   613,970 0 0
EZCORP INC CV 302301ab2 27,996 40,685,000 PRN   SOLE   40,685,000 0 0