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 1,212 140,875 SH   SOLE   140,875 0 0
AMDOCS LTD SHS CS G02602103 12,008 208,041 SH   SOLE   208,041 0 0
AMERICAN SCIENCE & ENGR INC CO CS 029429107 15,608 417,213 SH   SOLE   417,213 0 0
APPLE INC COM CS 037833100 1,526 15,964 SH   SOLE   15,964 0 0
BALDWIN & LYONS INC CL B CS 057755209 10,061 408,003 SH   SOLE   408,003 0 0
BANK NEW YORK MELLON CORP COM CS 064058100 6,745 173,625 SH   SOLE   173,625 0 0
BERKSHIRE HATHAWAY INC DEL CL CS 084670702 16,891 116,662 SH   SOLE   116,662 0 0
BIO RAD LABS INC CL A CS 090572207 6,948 48,583 SH   SOLE   48,583 0 0
CISCO SYS INC COM CS 17275R102 3,696 128,830 SH   SOLE   128,830 0 0
COACH INC COM CS 189754104 6,471 158,825 SH   SOLE   158,825 0 0
CONTANGO OIL & GAS COMPANY COM CS 21075N204 247 20,215 SH   SOLE   20,215 0 0
CUBIC CORP COM CS 229669106 11,855 295,182 SH   SOLE   295,182 0 0
DOLLAR GEN CORP NEW COM CS 256677105 602 6,400 SH   SOLE   6,400 0 0
EXPRESS SCRIPTS HLDG CO COM CS 30219G108 6,623 87,370 SH   SOLE   87,370 0 0
FRP HLDGS INC COM CS 30292L107 845 24,506 SH   SOLE   24,506 0 0
LABORATORY CORP AMER HLDGS COM CS 50540R409 1,184 9,086 SH   SOLE   9,086 0 0
LEUCADIA NATL CORP COM CS 527288104 11,422 659,070 SH   SOLE   659,070 0 0
LIBERTY MEDIA CORP DELAWARE CO CS 531229888 216 14,700 SH   SOLE   14,700 0 0
MATTEL INC COM CS 577081102 7,178 229,390 SH   SOLE   229,390 0 0
NORTHERN TR CORP COM CS 665859104 1,476 22,280 SH   SOLE   22,280 0 0
OAKTREE CAP GROUP LLC UNIT CL CS 674001201 11,895 265,747 SH   SOLE   265,747 0 0
PATTERSON UTI ENERGY INC COM CS 703481101 8,384 393,260 SH   SOLE   393,260 0 0
SANDSTORM GOLD LTD COM NEW CS 80013R206 3,600 807,082 SH   SOLE   807,082 0 0
SILVER WHEATON CORP COM CS 828336107 7,949 337,815 SH   SOLE   337,815 0 0
TELEPHONE & DATA SYS INC COM N CS 879433829 1,186 39,974 SH   SOLE   39,974 0 0
TERADATA CORP DEL COM CS 88076W103 12,378 493,755 SH   SOLE   493,755 0 0
TETRA TECH INC NEW COM CS 88162G103 20,839 677,793 SH   SOLE   677,793 0 0
VERIZON COMMUNICATIONS INC COM CS 92343V104 11,083 198,476 SH   SOLE   198,476 0 0
WESTERN DIGITAL CORP COM CS 958102105 6,477 137,049 SH   SOLE   137,049 0 0
WESTERN UN CO COM CS 959802109 10,352 539,740 SH   SOLE   539,740 0 0
EZCORP INC CV 302301ab2 35,777 42,486,000 PRN   SOLE   42,486,000 0 0