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 824 223,255 SH   SOLE   223,255 0 0
AMDOCS LTD SHS CS G02602103 21,390 376,061 SH   SOLE   376,061 0 0
AMERICAN SCIENCE & ENGR INC CO CS 029429107 10,836 304,737 SH   SOLE   304,737 0 0
APPLE INC COM CS 037833100 1,761 15,964 SH   SOLE   15,964 0 0
BALDWIN & LYONS INC CL B CS 057755209 13,019 599,959 SH   SOLE   599,959 0 0
BANK NEW YORK MELLON CORP COM CS 064058100 7,499 191,545 SH   SOLE   191,545 0 0
BERKSHIRE HATHAWAY INC DEL CL CS 084670702 17,839 136,802 SH   SOLE   136,802 0 0
BIO RAD LABS INC CL A CS 090572207 9,753 72,612 SH   SOLE   72,612 0 0
CISCO SYS INC COM CS 17275R102 4,646 177,000 SH   SOLE   177,000 0 0
COACH INC COM CS 189754104 6,214 214,780 SH   SOLE   214,780 0 0
CONTANGO OIL & GAS COMPANY COM CS 21075N204 289 37,965 SH   SOLE   37,965 0 0
CUBIC CORP COM CS 229669106 6,251 149,047 SH   SOLE   149,047 0 0
DOLLAR GEN CORP NEW COM CS 256677105 507 7,000 SH   SOLE   7,000 0 0
EXPRESS SCRIPTS HLDG CO COM CS 30219G108 11,320 139,820 SH   SOLE   139,820 0 0
FABRINET SHS CS G3323L100 7,497 409,027 SH   SOLE   409,027 0 0
FRP HLDGS INC COM CS 30292L107 739 24,506 SH   SOLE   24,506 0 0
HAWKINS INC COM CS 420261109 7,109 184,658 SH   SOLE   184,658 0 0
INGRAM MICRO INC CL A CS 457153104 16,320 599,112 SH   SOLE   599,112 0 0
LABORATORY CORP AMER HLDGS COM CS 50540R409 705 6,496 SH   SOLE   6,496 0 0
LEUCADIA NATL CORP COM CS 527288104 11,664 575,715 SH   SOLE   575,715 0 0
MATTEL INC COM CS 577081102 3,776 179,285 SH   SOLE   179,285 0 0
MEDASSETS INC COM CS 584045108 1,153 57,500 SH   SOLE   57,500 0 0
MICROSOFT CORP COM CS 594918104 8,667 195,830 SH   SOLE   195,830 0 0
NORTHERN TR CORP COM CS 665859104 1,313 19,270 SH   SOLE   19,270 0 0
OAKTREE CAP GROUP LLC UNIT CL CS 674001201 13,477 272,263 SH   SOLE   272,263 0 0
PAN AMERICAN SILVER CORP COM CS 697900108 233 36,700 SH   SOLE   36,700 0 0
PATTERSON UTI ENERGY INC COM CS 703481101 5,154 392,260 SH   SOLE   392,260 0 0
PROFIRE ENERGY INC COM CS 74316X101 485 504,981 SH   SOLE   504,981 0 0
SANDISK CORP COM CS 80004C101 1,341 24,690 SH   SOLE   24,690 0 0
SANDSTORM GOLD LTD COM NEW CS 80013R206 7,084 2,653,151 SH   SOLE   2,653,151 0 0
SILVER WHEATON CORP COM CS 828336107 5,209 433,695 SH   SOLE   433,695 0 0
SM ENERGY CO COM CS 78454L100 1,057 33,000 SH   SOLE   33,000 0 0
STAPLES INC COM CS 855030102 5,307 452,470 SH   SOLE   452,470 0 0
SYMANTEC CORP COM CS 871503108 9,419 483,780 SH   SOLE   483,780 0 0
TELEPHONE & DATA SYS INC COM N CS 879433829 8,313 333,049 SH   SOLE   333,049 0 0
TERADATA CORP DEL COM CS 88076W103 1,475 50,940 SH   SOLE   50,940 0 0
TETRA TECH INC NEW COM CS 88162G103 26,362 1,084,393 SH   SOLE   1,084,393 0 0
UNIT CORP COM CS 909218109 6,237 553,925 SH   SOLE   553,925 0 0
VERIZON COMMUNICATIONS INC COM CS 92343V104 14,263 327,801 SH   SOLE   327,801 0 0
WESTERN UN CO COM CS 959802109 11,235 611,910 SH   SOLE   611,910 0 0
EZCORP INC CV 302301ab2 28,921 40,520,000 PRN   SOLE   40,520,000 0 0