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
AMDOCS LTD SHS CS G02602103 28,891 531,091 SH   SOLE   531,091 0 0
APPLE INC COM CS 037833100 1,986 15,964 SH   SOLE   15,964 0 0
AURICO GOLD INC COM CS 05155C105 3,694 1,333,595 SH   SOLE   1,333,595 0 0
BALDWIN & LYONS INC CL B CS 057755209 1,237 52,748 SH   SOLE   52,748 0 0
BANK NEW YORK MELLON CORP COM CS 064058100 13,915 345,810 SH   SOLE   345,810 0 0
BERKSHIRE HATHAWAY INC DEL CL CS 084670702 18,883 130,840 SH   SOLE   130,840 0 0
BIO RAD LABS INC CL A CS 090572207 20,529 151,861 SH   SOLE   151,861 0 0
CISCO SYS INC COM CS 17275R102 4,883 177,400 SH   SOLE   177,400 0 0
COACH INC COM CS 189754104 8,042 194,110 SH   SOLE   194,110 0 0
CONTANGO OIL & GAS COMPANY COM CS 21075N204 10,328 469,468 SH   SOLE   469,468 0 0
CSG SYS INTL INC COM CS 126349109 4,402 144,843 SH   SOLE   144,843 0 0
DOLLAR GEN CORP NEW COM CS 256677105 528 7,000 SH   SOLE   7,000 0 0
EXPRESS SCRIPTS HLDG CO COM CS 30219G108 15,730 181,280 SH   SOLE   181,280 0 0
FABRINET SHS CS G3323L100 7,366 387,874 SH   SOLE   387,874 0 0
FRP HLDGS INC COM CS 30292L107 892 24,506 SH   SOLE   24,506 0 0
HAWKINS INC COM CS 420261109 7,032 185,110 SH   SOLE   185,110 0 0
INGRAM MICRO INC CL A CS 457153104 15,039 598,703 SH   SOLE   598,703 0 0
INTUITIVE SURGICAL INC COM NEW CS 46120E602 12,064 23,887 SH   SOLE   23,887 0 0
LABORATORY CORP AMER HLDGS COM CS 50540R409 797 6,320 SH   SOLE   6,320 0 0
LEUCADIA NATL CORP COM CS 527288104 12,142 544,715 SH   SOLE   544,715 0 0
MATTEL INC COM CS 577081102 5,611 245,565 SH   SOLE   245,565 0 0
MEDASSETS INC COM CS 584045108 659 35,000 SH   SOLE   35,000 0 0
MICROSOFT CORP COM CS 594918104 7,989 196,500 SH   SOLE   196,500 0 0
NEWMONT MINING CORP COM CS 651639106 984 45,330 SH   SOLE   45,330 0 0
NORTHERN OIL & GAS INC NEV COM CS 665531109 6,575 852,750 SH   SOLE   852,750 0 0
NORTHERN TR CORP COM CS 665859104 1,342 19,270 SH   SOLE   19,270 0 0
OAKTREE CAP GROUP LLC UNIT CL CS 674001201 14,051 271,988 SH   SOLE   271,988 0 0
PAN AMERICAN SILVER CORP COM CS 697900108 7,822 891,955 SH   SOLE   891,955 0 0
PATRIOT TRANSN HLDG INC COM CS 70338W105 204 8,168 SH   SOLE   8,168 0 0
PATTERSON UTI ENERGY INC COM CS 703481101 5,042 268,540 SH   SOLE   268,540 0 0
PROFIRE ENERGY INC COM CS 74316X101 499 369,981 SH   SOLE   369,981 0 0
QUEST DIAGNOSTICS INC COM CS 74834L100 1,177 15,320 SH   SOLE   15,320 0 0
SANDISK CORP COM CS 80004C101 1,223 19,220 SH   SOLE   19,220 0 0
SANDSTORM GOLD LTD COM NEW CS 80013R206 7,689 2,344,243 SH   SOLE   2,344,243 0 0
STAPLES INC COM CS 855030102 7,384 453,450 SH   SOLE   453,450 0 0
TELEPHONE & DATA SYS INC COM N CS 879433829 8,289 332,888 SH   SOLE   332,888 0 0
TERADATA CORP DEL COM CS 88076W103 2,369 53,670 SH   SOLE   53,670 0 0
TETRA TECH INC NEW COM CS 88162G103 27,775 1,156,320 SH   SOLE   1,156,320 0 0
UNIT CORP COM CS 909218109 13,911 497,171 SH   SOLE   497,171 0 0
VERIZON COMMUNICATIONS INC COM CS 92343V104 1,270 26,120 SH   SOLE   26,120 0 0
WESTERN UN CO COM CS 959802109 17,603 845,880 SH   SOLE   845,880 0 0