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 802 111,663 SH   SOLE   111,663 0 0
AMDOCS LTD SHS CS G02602103 20,858 323,576 SH   SOLE   323,576 0 0
APPLE INC COM CS 037833100 2,851 19,799 SH   SOLE   19,799 0 0
BALDWIN & LYONS INC CL B CS 057755209 19,564 798,514 SH   SOLE   798,514 0 0
BANK NEW YORK MELLON CORP COM CS 064058100 9,011 176,621 SH   SOLE   176,621 0 0
BERKSHIRE HATHAWAY CLASS B CS 084670702 19,160 113,127 SH   SOLE   113,127 0 0
BIO RAD LABS INC CL A CS 090572207 5,727 25,304 SH   SOLE   25,304 0 0
CISCO SYS INC COM CS 17275R102 3,845 122,850 SH   SOLE   122,850 0 0
COACH INC COM CS 189754104 1,464 30,935 SH   SOLE   30,935 0 0
CONTANGO OIL & GAS COMPANY COM CS 21075N204 346 52,165 SH   SOLE   52,165 0 0
CUBIC CORP COM CS 229669106 620 13,398 SH   SOLE   13,398 0 0
DOLLAR GEN CORP NEW COM CS 256677105 1,290 17,900 SH   SOLE   17,900 0 0
DOMINION DIAMOND CORP COM CS 257287102 16,970 1,351,123 SH   SOLE   1,351,123 0 0
FRP HLDGS INC COM CS 30292L107 2,336 50,608 SH   SOLE   50,608 0 0
HALLMARK FINL SVCS INC EC C CS 40624Q203 568 50,413 SH   SOLE   50,413 0 0
ISHARES GOLD TRUST ISHARES CS 464285105 5,117 428,520 SH   SOLE   428,520 0 0
ISHARES SILVER TRUST ISHARES CS 46428Q109 370 23,570 SH   SOLE   23,570 0 0
LABORATORY CORP AMER HLDGS COM CS 50540R409 1,816 11,781 SH   SOLE   11,781 0 0
LEUCADIA NATL CORP COM CS 527288104 17,135 655,025 SH   SOLE   655,025 0 0
NORTHERN TR CORP COM CS 665859104 1,726 17,760 SH   SOLE   17,760 0 0
OAKTREE CAP GROUP LLC UNIT CL CS 674001201 13,162 282,456 SH   SOLE   282,456 0 0
PATTERSON UTI ENERGY INC COM CS 703481101 17,522 867,880 SH   SOLE   867,880 0 0
PRIMERO MNG CORP COM CS 74164W106 35 100,000 SH   SOLE   100,000 0 0
SCRIPPS NETWORKS INTERACT INC CS 811065101 365 5,350 SH   SOLE   5,350 0 0
SYNTEL INC COM CS 87162H103 22,324 1,316,299 SH   SOLE   1,316,299 0 0
TELEPHONE & DATA SYS INC COM N CS 879433829 1,299 46,794 SH   SOLE   46,794 0 0
TERADATA CORP DEL COM CS 88076W103 17,090 579,510 SH   SOLE   579,510 0 0
TETRA TECH INC NEW COM CS 88162G103 5,846 127,785 SH   SOLE   127,785 0 0
VERIZON COMMUNICATIONS INC COM CS 92343V104 12,029 269,354 SH   SOLE   269,354 0 0
WESTERN DIGITAL CORP COM CS 958102105 12,888 145,468 SH   SOLE   145,468 0 0
WESTERN UN CO COM CS 959802109 13,189 692,327 SH   SOLE   692,327 0 0
EZCORP INC CV 302301ab2 8,199 8,464,000 PRN   SOLE   8,464,000 0 0