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 944 115,115 SH   SOLE   115,115 0 0
AMDOCS LTD SHS CS G02602103 12,107 209,291 SH   SOLE   209,291 0 0
APPLE INC COM CS 037833100 2,278 20,154 SH   SOLE   20,154 0 0
BALDWIN & LYONS INC CL B CS 057755209 5,273 205,743 SH   SOLE   205,743 0 0
BANK NEW YORK MELLON CORP COM CS 064058100 7,142 179,092 SH   SOLE   179,092 0 0
BERKSHIRE HATHAWAY INC DEL CL CS 084670702 16,778 116,132 SH   SOLE   116,132 0 0
BIO RAD LABS INC CL A CS 090572207 6,733 41,104 SH   SOLE   41,104 0 0
CISCO SYS INC COM CS 17275R102 4,062 128,045 SH   SOLE   128,045 0 0
COACH INC COM CS 189754104 5,822 159,255 SH   SOLE   159,255 0 0
CONTANGO OIL & GAS COMPANY COM CS 21075N204 550 53,785 SH   SOLE   53,785 0 0
CUBIC CORP COM CS 229669106 11,352 242,518 SH   SOLE   242,518 0 0
DOLLAR GEN CORP NEW COM CS 256677105 448 6,400 SH   SOLE   6,400 0 0
DOMINION DIAMOND CORP COM CS 257287102 5,060 519,485 SH   SOLE   519,485 0 0
EXPRESS SCRIPTS HLDG CO COM CS 30219G108 6,134 86,970 SH   SOLE   86,970 0 0
FRP HLDGS INC COM CS 30292L107 761 24,506 SH   SOLE   24,506 0 0
ISHARES GOLD TRUST ISHARES CS 464285105 5,132 404,385 SH   SOLE   404,385 0 0
LABORATORY CORP AMER HLDGS COM CS 50540R409 1,477 10,741 SH   SOLE   10,741 0 0
LEUCADIA NATL CORP COM CS 527288104 12,793 671,925 SH   SOLE   671,925 0 0
LIBERTY MEDIA CORP DELAWARE CO CS 531229888 255 14,700 SH   SOLE   14,700 0 0
MATTEL INC COM CS 577081102 6,984 230,655 SH   SOLE   230,655 0 0
NORTHERN TR CORP COM CS 665859104 1,736 25,530 SH   SOLE   25,530 0 0
OAKTREE CAP GROUP LLC UNIT CL CS 674001201 11,495 271,110 SH   SOLE   271,110 0 0
PATTERSON UTI ENERGY INC COM CS 703481101 11,553 516,450 SH   SOLE   516,450 0 0
PRIMERO MNG CORP COM CS 74164W106 166 100,000 SH   SOLE   100,000 0 0
TELEPHONE & DATA SYS INC COM N CS 879433829 1,117 41,114 SH   SOLE   41,114 0 0
TERADATA CORP DEL COM CS 88076W103 15,377 496,030 SH   SOLE   496,030 0 0
TETRA TECH INC NEW COM CS 88162G103 18,667 526,271 SH   SOLE   526,271 0 0
VERIZON COMMUNICATIONS INC COM CS 92343V104 9,643 185,515 SH   SOLE   185,515 0 0
WESTERN DIGITAL CORP COM CS 958102105 13,800 236,023 SH   SOLE   236,023 0 0
WESTERN UN CO COM CS 959802109 9,778 469,629 SH   SOLE   469,629 0 0
EZCORP INC CV 302301ab2 6,883 6,964,000 PRN   SOLE   6,964,000 0 0