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 745 140,875 SH   SOLE   140,875 0 0
AMDOCS LTD SHS CS G02602103 12,350 204,406 SH   SOLE   204,406 0 0
AMERICAN SCIENCE & ENGR INC CO CS 029429107 12,122 437,777 SH   SOLE   437,777 0 0
APPLE INC COM CS 037833100 1,740 15,964 SH   SOLE   15,964 0 0
BALDWIN & LYONS INC CL B CS 057755209 12,929 525,370 SH   SOLE   525,370 0 0
BANK NEW YORK MELLON CORP COM CS 064058100 6,386 173,400 SH   SOLE   173,400 0 0
BERKSHIRE HATHAWAY INC DEL CL CS 084670702 15,357 108,242 SH   SOLE   108,242 0 0
BIO RAD LABS INC CL A CS 090572207 8,925 65,278 SH   SOLE   65,278 0 0
CISCO SYS INC COM CS 17275R102 4,168 146,400 SH   SOLE   146,400 0 0
COACH INC COM CS 189754104 9,817 244,885 SH   SOLE   244,885 0 0
CONTANGO OIL & GAS COMPANY COM CS 21075N204 238 20,215 SH   SOLE   20,215 0 0
CUBIC CORP COM CS 229669106 13,829 346,059 SH   SOLE   346,059 0 0
DOLLAR GEN CORP NEW COM CS 256677105 753 8,800 SH   SOLE   8,800 0 0
EXPRESS SCRIPTS HLDG CO COM CS 30219G108 6,001 87,370 SH   SOLE   87,370 0 0
FRP HLDGS INC COM CS 30292L107 872 24,506 SH   SOLE   24,506 0 0
HAWKINS INC COM CS 420261109 6,594 182,703 SH   SOLE   182,703 0 0
LABORATORY CORP AMER HLDGS COM CS 50540R409 891 7,611 SH   SOLE   7,611 0 0
LEUCADIA NATL CORP COM CS 527288104 8,475 524,135 SH   SOLE   524,135 0 0
MATTEL INC COM CS 577081102 7,598 226,000 SH   SOLE   226,000 0 0
NORTHERN TR CORP COM CS 665859104 1,452 22,280 SH   SOLE   22,280 0 0
OAKTREE CAP GROUP LLC UNIT CL CS 674001201 11,054 224,082 SH   SOLE   224,082 0 0
PATTERSON UTI ENERGY INC COM CS 703481101 6,912 392,260 SH   SOLE   392,260 0 0
PROFIRE ENERGY INC COM CS 74316X101 213 219,273 SH   SOLE   219,273 0 0
SANDISK CORP COM CS 80004C101 2,524 33,175 SH   SOLE   33,175 0 0
SANDSTORM GOLD LTD COM NEW CS 80013R206 5,938 1,804,765 SH   SOLE   1,804,765 0 0
SILVER WHEATON CORP COM CS 828336107 6,187 373,185 SH   SOLE   373,185 0 0
STARZ COM SER A CS 85571Q102 2,638 100,175 SH   SOLE   100,175 0 0
SYMANTEC CORP COM CS 871503108 7,587 412,780 SH   SOLE   412,780 0 0
TELEPHONE & DATA SYS INC COM N CS 879433829 1,827 60,730 SH   SOLE   60,730 0 0
TERADATA CORP DEL COM CS 88076W103 1,987 75,735 SH   SOLE   75,735 0 0
TETRA TECH INC NEW COM CS 88162G103 22,507 754,778 SH   SOLE   754,778 0 0
UNIT CORP COM CS 909218109 3,872 439,501 SH   SOLE   439,501 0 0
VERIZON COMMUNICATIONS INC COM CS 92343V104 10,734 198,476 SH   SOLE   198,476 0 0
WESTERN UN CO COM CS 959802109 10,299 533,900 SH   SOLE   533,900 0 0
EZCORP INC CV 302301ab2 25,901 41,636,000 PRN   SOLE   41,636,000 0 0
ROYAL GOLD INC CV 780287aa6 1,912 2,000,000 PRN   SOLE   2,000,000 0 0