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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBOTT LABS COM 002824100   9,141,327 83,850 SH   SOLE 1 83,850 0 0
ABRDN PLATINUM ETF TRUST PHYSCL PLATM SHS 003260106   6,976,828 83,405 SH   SOLE 1 83,405 0 0
AGNICO EAGLE MINES LTD COM 008474108   3,204,318 64,112 SH   SOLE 1 64,112 0 0
AKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 00971TAL5   1,062,314 1,100,000 PRN   SOLE 1 1,100,000 0 0
ALPHABET INC CAP STK CL A 02079K305   7,705,089 64,370 SH   SOLE 1 64,370 0 0
ALPHABET INC CAP STK CL C 02079K107   5,026,304 41,550 SH   SOLE 1 41,550 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108   421,189 5,885 SH   SOLE 1 5,885 0 0
AXALTA COATING SYS LTD COM G0750C108   9,646,140 294,000 SH   SOLE 1 294,000 0 0
BERKLEY W R CORP COM 084423102   11,491,506 192,940 SH   SOLE 1 192,940 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   32,796,698 96,178 SH   SOLE 1 96,178 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 0.599% 8/0 09061GAH4   982,268 1,000,000 PRN   SOLE 1 1,000,000 0 0
BROWN & BROWN INC COM 115236101   19,886,981 288,887 SH   SOLE 1 288,887 0 0
CAMBRIDGE BANCORP COM 132152109   569,983 10,495 SH   SOLE   10,495 0 0
CAMPBELL SOUP CO COM 134429109   10,162,476 222,325 SH   SOLE 1 222,325 0 0
CARRIER GLOBAL CORPORATION COM 14448C104   13,271,327 266,975 SH   SOLE 1 266,975 0 0
CBOE GLOBAL MKTS INC COM 12503M108   10,877,948 78,820 SH   SOLE 1 78,820 0 0
CHART INDS INC NOTE 1.000%11/1 16115QAE0   274,150 100,000 PRN   SOLE 1 100,000 0 0
CHURCH & DWIGHT CO INC COM 171340102   15,919,932 158,834 SH   SOLE 1 158,834 0 0
CITIGROUP INC COM NEW 172967424   7,144,717 155,185 SH   SOLE 1 155,185 0 0
COLGATE PALMOLIVE CO COM 194162103   11,479,345 149,005 SH   SOLE 1 149,005 0 0
CURTISS WRIGHT CORP COM 231561101   17,098,746 93,100 SH   SOLE 1 93,100 0 0
DARDEN RESTAURANTS INC COM 237194105   11,815,898 70,720 SH   SOLE 1 70,720 0 0
DENTSPLY SIRONA INC COM 24906P109   10,658,327 266,325 SH   SOLE 1 266,325 0 0
DEVON ENERGY CORP NEW COM 25179M103   2,195,845 45,425 SH   SOLE 1 45,425 0 0
DROPBOX INC NOTE 3/0 26210CAD6   956,500 1,000,000 PRN   SOLE 1 1,000,000 0 0
EATON CORP PLC SHS G29183103   14,726,955 73,232 SH   SOLE 1 73,232 0 0
EBAY INC. COM 278642103   6,751,542 151,075 SH   SOLE 1 151,075 0 0
EVEREST RE GROUP LTD COM G3223R108   13,039,224 38,142 SH   SOLE 1 38,142 0 0
EVERTEC INC COM 30040P103   550,609 14,950 SH   SOLE   14,950 0 0
EXPEDIA GROUP INC COM NEW 30212P303   7,155,200 65,410 SH   SOLE 1 65,410 0 0
EXXON MOBIL CORP COM 30231G102   498,713 4,650 SH   SOLE   4,650 0 0
FEDERATED HERMES INC CL B 314211103   8,425,324 235,016 SH   SOLE 1 235,016 0 0
FIDELIS INSURANCE HOLDINGS L COM G3398L118   6,142,500 450,000 SH   SOLE 1 450,000 0 0
FIDELITY NATL INFORMATION SV COM 31620m106   8,251,057 150,842 SH   SOLE 1 150,842 0 0
FIRST AMERN FINL CORP COM 31847r102   339,554 5,955 SH   SOLE 1 5,955 0 0
FIRST BANCORP P R COM NEW 318672706   6,557,374 536,610 SH   SOLE 1 536,610 0 0
FORTUNE BRANDS INNOVATIONS I COM 34964C106   4,791,870 66,600 SH   SOLE 1 66,600 0 0
FOUR CORNERS PPTY TR INC COM 35086T109   418,033 16,458 SH   SOLE 1 16,458 0 0
GALLAGHER ARTHUR J & CO COM 363576109   21,934,823 99,899 SH   SOLE 1 99,899 0 0
GENERAL DYNAMICS CORP COM 369550108   5,251,812 24,410 SH   SOLE   24,410 0 0
GLOBE LIFE INC COM 37959E102   22,532,939 205,555 SH   SOLE 1 205,555 0 0
HENRY SCHEIN INC COM 806407102   3,793,453 46,775 SH   SOLE 1 46,775 0 0
HESS CORP COM 42809H107   7,737,594 56,915 SH   SOLE 1 56,915 0 0
HOME DEPOT INC COM 437076102   9,772,424 31,459 SH   SOLE 1 31,459 0 0
HOSTESS BRANDS INC CL A 44109J106   1,974,327 77,975 SH   SOLE 1 77,975 0 0
HOWARD HUGHES CORP COM 44267d107   11,336,937 143,651 SH   SOLE 1 143,651 0 0
INTEGRA LIFESCIENCES HLDGS C NOTE 0.500% 8/1 457985AM1   913,000 1,000,000 PRN   SOLE 1 1,000,000 0 0
JOHNSON & JOHNSON COM 478160104   6,808,500 41,134 SH   SOLE   41,134 0 0
LEIDOS HOLDINGS INC COM 525327102   17,592,301 198,828 SH   SOLE 1 198,828 0 0
LITTELFUSE INC COM 537008104   15,924,461 54,665 SH   SOLE 1 54,665 0 0
LOUISIANA PAC CORP COM 546347105   335,161 4,470 SH   SOLE 1 4,470 0 0
MARKEL GROUP INC COM 570535104   9,477,549 6,852 SH   SOLE 1 6,852 0 0
MEDTRONIC PLC SHS G5960L103   14,710,938 166,980 SH   SOLE 1 166,980 0 0
MERCK & CO INC COM 58933Y105   18,123,384 157,062 SH   SOLE 1 157,062 0 0
MICROSOFT CORP COM 594918104   7,148,616 20,992 SH   SOLE 1 20,992 0 0
MONDELEZ INTL INC CL A 609207105   15,235,051 208,871 SH   SOLE 1 208,871 0 0
MOOG INC CL A 615394202   5,378,128 49,600 SH   SOLE 1 49,600 0 0
NEWMONT CORP COM 651639106   6,008,448 140,845 SH   SOLE 1 140,845 0 0
NOODLES & CO COM CL A 65540B105   1,169,382 345,971 SH   SOLE 1 345,971 0 0
NUVASIVE INC NOTE 0.375% 3/1 670704AJ4   541,500 600,000 PRN   SOLE 1 600,000 0 0
ORIGIN BANCORP INC COM 68621T102   2,125,715 72,550 SH   SOLE 1 72,550 0 0
OTIS WORLDWIDE CORP COM 68902V107   10,775,996 121,065 SH   SOLE 1 121,065 0 0
PAYCHEX INC COM 704326107   3,887,483 34,750 SH   SOLE 1 34,750 0 0
PENTAIR PLC SHS G7S00T104   15,425,188 238,780 SH   SOLE 1 238,780 0 0
PFIZER INC COM 717081103   10,520,007 286,805 SH   SOLE 1 286,805 0 0
PIONEER NAT RES CO COM 723787107   17,583,988 84,873 SH   SOLE 1 84,873 0 0
PJT PARTNERS INC COM CL A 69343T107   4,150,544 59,600 SH   SOLE   59,600 0 0
PNC FINL SVCS GROUP INC COM 693475105   3,811,877 30,265 SH   SOLE   30,265 0 0
PPG INDS INC COM 693506107   15,387,905 103,762 SH   SOLE 1 103,762 0 0
PRIMERICA INC COM 74164M108   16,565,366 83,765 SH   SOLE 1 83,765 0 0
PROCTER AND GAMBLE CO COM 742718109   6,518,750 42,960 SH   SOLE   42,960 0 0
PROGRESSIVE CORP COM 743315103   11,189,236 84,530 SH   SOLE   84,530 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101   2,792,350 28,505 SH   SOLE 1 28,505 0 0
RENAISSANCERE HLDGS LTD COM G7496G103   7,053,627 37,817 SH   SOLE 1 37,817 0 0
SCHLUMBERGER LTD COM STK 806857108   10,501,856 213,800 SH   SOLE 1 213,800 0 0
SENSATA TECHNOLOGIES HLDG PL SHS G8060N102   11,489,321 255,375 SH   SOLE 1 255,375 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107   380,194 16,890 SH   SOLE   16,890 0 0
SOUTHSTATE CORPORATION COM 840441109   5,000,603 75,997 SH   SOLE 1 75,997 0 0
STELLAR BANCORP INC COM 858927106   2,603,234 113,728 SH   SOLE 1 113,728 0 0
SUNCOR ENERGY INC NEW COM 867224107   3,494,944 119,200 SH   SOLE 1 119,200 0 0
TEXAS ROADHOUSE INC COM 882681109   3,865,239 34,425 SH   SOLE 1 34,425 0 0
THE CIGNA GROUP COM 125523100   11,128,035 39,658 SH   SOLE 1 39,658 0 0
TRIMBLE INC COM 896239100   9,048,240 170,915 SH   SOLE 1 170,915 0 0
V2X INC COM 92242T101   4,673,756 94,305 SH   SOLE 1 94,305 0 0
VERINT SYSTEMS INC NOTE 0.250% 4/1 92343XAC4   969,375 1,100,000 PRN   SOLE 1 1,100,000 0 0
VISHAY INTERTECHNOLOGY INC NOTE 2.250% 6/1 928298AP3   547,200 500,000 PRN   SOLE 1 500,000 0 0
VOYA FINANCIAL INC COM 929089100   8,047,798 112,227 SH   SOLE 1 112,227 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108   219,231 7,695 SH   SOLE 1 7,695 0 0
WHITE MTNS INS GROUP LTD COM G9618E107   4,482,013 3,227 SH   SOLE 1 3,227 0 0
WILLIAM PENN BANCORPORATION COM 96927A105   661,780 65,200 SH   SOLE   65,200 0 0
YETI HLDGS INC COM 98585X104   479,674 12,350 SH   SOLE   12,350 0 0
ZEBRA TECHNOLOGIES CORPORATI CL A 989207105   8,459,555 28,596 SH   SOLE 1 28,596 0 0
ZILLOW GROUP INC NOTE 2.750% 5/1 98954MAH4   734,300 700,000 PRN   SOLE 1 700,000 0 0