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 751 111,108 SH   SOLE   111,108 0 0
AMDOCS LTD SHS CS G02602103 20,869 324,451 SH   SOLE   324,451 0 0
APPLE INC COM CS 037833100 3,046 19,764 SH   SOLE   19,764 0 0
BALDWIN & LYONS INC CL B CS 057755209 22,806 1,011,349 SH   SOLE   1,011,349 0 0
BANK NEW YORK MELLON CORP COM CS 064058100 9,361 176,551 SH   SOLE   176,551 0 0
BERKSHIRE HATHAWAY CLASS B CS 084670702 20,738 113,127 SH   SOLE   113,127 0 0
BIO RAD LABS INC CL A CS 090572207 1,152 5,182 SH   SOLE   5,182 0 0
CISCO SYS INC COM CS 17275R102 4,129 122,786 SH   SOLE   122,786 0 0
COACH INC COM CS 189754104 1,228 30,480 SH   SOLE   30,480 0 0
CONTANGO OIL & GAS COMPANY COM CS 21075N204 262 52,165 SH   SOLE   52,165 0 0
CUBIC CORP COM CS 229669106 735 14,413 SH   SOLE   14,413 0 0
DOLLAR GEN CORP NEW COM CS 256677105 1,451 17,900 SH   SOLE   17,900 0 0
DOMINION DIAMOND CORP COM CS 257287953 14,072 992,401 SH   SOLE   992,401 0 0
FRP HLDGS INC COM CS 30292L107 7,566 167,198 SH   SOLE   167,198 0 0
GREENHILL & CO INC COM CS 395259104 2,945 177,426 SH   SOLE   177,426 0 0
HALLMARK FINL SVCS INC EC C CS 40624Q203 585 50,413 SH   SOLE   50,413 0 0
ISHARES GOLD TRUST ISHARES CS 464285105 5,275 428,520 SH   SOLE   428,520 0 0
ISHARES SILVER TRUST ISHARES CS 46428Q109 510 32,420 SH   SOLE   32,420 0 0
LABORATORY CORP AMER HLDGS COM CS 50540R409 1,771 11,731 SH   SOLE   11,731 0 0
LEUCADIA NATL CORP COM CS 527288104 16,609 657,770 SH   SOLE   657,770 0 0
NORTHERN TR CORP COM CS 665859104 1,597 17,370 SH   SOLE   17,370 0 0
OAKTREE CAP GROUP LLC UNIT CL CS 674001201 13,359 283,931 SH   SOLE   283,931 0 0
PATTERSON UTI ENERGY INC COM CS 703481101 12,752 608,980 SH   SOLE   608,980 0 0
PRIMERO MNG CORP COM CS 74164W106 7 100,000 SH   SOLE   100,000 0 0
SYNTEL INC COM CS 87162H103 23,464 1,194,099 SH   SOLE   1,194,099 0 0
TELEPHONE & DATA SYS INC COM N CS 879433829 1,286 46,114 SH   SOLE   46,114 0 0
TERADATA CORP DEL COM CS 88076W103 19,595 579,895 SH   SOLE   579,895 0 0
TETRA TECH INC NEW COM CS 88162G103 2,122 45,595 SH   SOLE   45,595 0 0
VERIZON COMMUNICATIONS INC COM CS 92343V104 2,250 45,460 SH   SOLE   45,460 0 0
WESTERN DIGITAL CORP COM CS 958102105 12,569 145,478 SH   SOLE   145,478 0 0
WESTERN UN CO COM CS 959802109 13,348 695,227 SH   SOLE   695,227 0 0
EZCORP INC CV 302301ab2 8,242 8,464,000 PRN   SOLE   8,464,000 0 0