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
ABBOTT LABS COM 002824100 4,375 37,035 SH   SOLE 1 37,035 0 0
ABERDEEN STD PLATINUM ETF TR PHYSCL PLATM SHS 003260106 10,617 117,700 SH   SOLE 1 117,700 0 0
AFLAC INC COM 001055102 1,887 36,200 SH   SOLE 1 36,200 0 0
AGNICO EAGLE MINES LTD COM 008474108 3,484 67,200 SH   SOLE 1 67,200 0 0
AKAMAI TECHNOLOGIES INC NOTE 0.125% 5/0 00971TAJ0 728 600,000 PRN   SOLE 1 600,000 0 0
AKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 00971TAL5 328 300,000 PRN   SOLE 1 300,000 0 0
ALLEGHANY CORP MD COM 017175100 22,914 36,697 SH   SOLE 1 36,697 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 364 6,060 SH   SOLE 1 6,060 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 1,174 44,308 SH   SOLE   44,308 0 0
AXALTA COATING SYS LTD COM G0750C108 8,116 278,050 SH   SOLE 1 278,050 0 0
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 6,504 183,150 SH   SOLE 1 183,150 0 0
BERKLEY W R CORP COM 084423102 7,862 107,430 SH   SOLE 1 107,430 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 43,922 160,920 SH   SOLE 1 160,920 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 0.599% 8/0 09061GAH4 1,023 1,000,000 PRN   SOLE 1 1,000,000 0 0
BM TECHNOLOGIES INC CL A COM 05591L107 437 49,100 SH   SOLE   49,100 0 0
BROWN & BROWN INC COM 115236101 19,709 355,430 SH   SOLE 1 355,430 0 0
CAMBRIDGE BANCORP COM 132152109 1,594 18,115 SH   SOLE   18,115 0 0
CARRIER GLOBAL CORPORATION COM 14448C104 2,214 42,780 SH   SOLE   42,780 0 0
CBOE GLOBAL MKTS INC COM 12503M108 13,686 110,495 SH   SOLE 1 110,495 0 0
CENTRAL VY CMNTY BANCORP COM 155685100 1,846 85,878 SH   SOLE 1 85,878 0 0
CHURCH & DWIGHT INC COM 171340102 10,972 132,884 SH   SOLE 1 132,884 0 0
CIGNA CORP NEW COM 125523100 4,790 23,930 SH   SOLE   23,930 0 0
CIRCOR INTL INC COM 17273k109 830 25,150 SH   SOLE 1 25,150 0 0
CITIGROUP INC COM NEW 172967424 4,163 59,320 SH   SOLE 1 59,320 0 0
CMC MATERIALS INC COM 12571T100 5,003 40,600 SH   SOLE 1 40,600 0 0
COCA COLA CO COM 191216100 4,330 82,515 SH   SOLE 1 82,515 0 0
COLGATE PALMOLIVE CO COM 194162103 1,345 17,800 SH   SOLE 1 17,800 0 0
COMERICA INC COM 200340107 22,113 274,700 SH   SOLE 1 274,700 0 0
CURTISS WRIGHT CORP COM 231561101 8,624 68,350 SH   SOLE 1 68,350 0 0
DARDEN RESTAURANTS INC COM 237194105 9,262 61,150 SH   SOLE 1 61,150 0 0
DEVON ENERGY CORP NEW COM 25179M103 1,992 56,100 SH   SOLE 1 56,100 0 0
DIAMOND HILL INVT GROUP INC COM NEW 25264R207 1,783 10,150 SH   SOLE 1 10,150 0 0
EATON CORP PLC SHS G29183103 8,514 57,020 SH   SOLE 1 57,020 0 0
EBAY INC. COM 278642103 10,924 156,800 SH   SOLE 1 156,800 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 873 19,280 SH   SOLE   19,280 0 0
EVEREST RE GROUP LTD COM G3223R108 10,249 40,870 SH   SOLE 1 40,870 0 0
EXXON MOBIL CORP COM 30231G102 706 12,000 SH   SOLE   12,000 0 0
FARO TECHNOLOGIES INC COM 311642102 3,692 56,100 SH   SOLE 1 56,100 0 0
FEDERATED HERMES INC CL B 314211103 14,623 449,950 SH   SOLE 1 449,950 0 0
FIRST AMERN FINL CORP COM 31847r102 407 6,075 SH   SOLE 1 6,075 0 0
FIRST BANCORP P R COM NEW 318672706 13,095 995,800 SH   SOLE 1 995,800 0 0
FIRST BANCSHARES INC MS COM 318916103 770 19,850 SH   SOLE   19,850 0 0
FIRST HORIZON CORPORATION COM 320517105 11,434 701,930 SH   SOLE 1 701,930 0 0
FIVE STAR BANCORP COM 33830T103 311 13,000 SH   SOLE   13,000 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 434 16,146 SH   SOLE 1 16,146 0 0
GALLAGHER ARTHUR J & CO COM 363576109 18,700 125,800 SH   SOLE 1 125,800 0 0
GENERAL DYNAMICS CORP COM 369550108 6,475 33,030 SH   SOLE   33,030 0 0
GLOBE LIFE INC COM 37959E102 19,547 219,560 SH   SOLE 1 219,560 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100 3,144 223,952 SH   SOLE 1 223,952 0 0
HENRY SCHEIN INC COM 806407102 3,092 40,600 SH   SOLE 1 40,600 0 0
HESS CORP COM 42809H107 9,170 117,400 SH   SOLE 1 117,400 0 0
HOME DEPOT INC COM 437076102 8,526 25,974 SH   SOLE 1 25,974 0 0
HOMETRUST BANCSHARES INC COM 437872104 4,550 162,600 SH   SOLE 1 162,600 0 0
HOSTESS BRANDS INC CL A 44109J106 4,454 256,400 SH   SOLE 1 256,400 0 0
HOWARD HUGHES CORP COM 44267d107 13,610 154,995 SH   SOLE 1 154,995 0 0
INVESCO LTD SHS G491BT108 1,149 47,650 SH   SOLE 1 47,650 0 0
JOHNSON & JOHNSON COM 478160104 5,170 32,010 SH   SOLE   32,010 0 0
JPMORGAN CHASE & CO COM 46625H100 14,086 86,050 SH   SOLE   86,050 0 0
KAMAN CORP NOTE 3.250% 5/0 483548AF0 1,014 1,000,000 PRN   SOLE 1 1,000,000 0 0
KEYCORP COM 493267108 19,952 922,850 SH   SOLE 1 922,850 0 0
KINROSS GOLD CORP COM 496902404 2,315 431,940 SH   SOLE 1 431,940 0 0
LEIDOS HOLDINGS INC COM 525327102 13,205 137,370 SH   SOLE 1 137,370 0 0
LIGAND PHARMACEUTICALS INC NOTE 0.750% 5/1 53220KAF5 701 700,000 PRN   SOLE 1 700,000 0 0
LITTELFUSE INC COM 537008104 12,600 46,110 SH   SOLE 1 46,110 0 0
LOUISIANA PAC CORP COM 546347105 701 11,420 SH   SOLE 1 11,420 0 0
MARSH & MCLENNAN COS INC COM 571748102 591 3,900 SH   SOLE   3,900 0 0
MEDTRONIC PLC SHS G5960L103 12,115 96,650 SH   SOLE 1 96,650 0 0
MERCK & CO INC COM 58933Y105 17,058 227,108 SH   SOLE 1 227,108 0 0
MICROSOFT CORP COM 594918104 5,913 20,975 SH   SOLE 1 20,975 0 0
MID PENN BANCORP INC COM 59540G107 321 11,650 SH   SOLE   11,650 0 0
MONDELEZ INTL INC CL A 609207105 10,847 186,441 SH   SOLE 1 186,441 0 0
MOOG INC CL A 615394202 3,350 43,950 SH   SOLE 1 43,950 0 0
NEWMONT CORP COM 651639106 4,310 79,370 SH   SOLE 1 79,370 0 0
NOODLES & CO COM CL A 65540B105 8,448 715,933 SH   SOLE 1 715,933 0 0
NUVASIVE INC COM 670704105 9,145 152,800 SH   SOLE 1 152,800 0 0
NUVASIVE INC NOTE 0.375% 3/1 670704AJ4 578 600,000 PRN   SOLE 1 600,000 0 0
OPEN LENDING CORP COM CL A 68373J104 285 7,900 SH   SOLE   7,900 0 0
ORACLE CORP COM 68389X105 6,668 76,530 SH   SOLE 1 76,530 0 0
ORIGIN BANCORP INC COM 68621T102 5,537 130,750 SH   SOLE 1 130,750 0 0
OTIS WORLDWIDE CORP COM 68902V107 5,639 68,540 SH   SOLE 1 68,540 0 0
PALO ALTO NETWORKS INC NOTE 0.750% 7/0 697435AD7 909 500,000 PRN   SOLE 1 500,000 0 0
PAYCHEX INC COM 704326107 6,061 53,900 SH   SOLE 1 53,900 0 0
PAYPAL HLDGS INC COM 70450y103 4,306 16,550 SH   SOLE   16,550 0 0
PCSB FINL CORP COM 69324R104 4,074 220,943 SH   SOLE 1 220,943 0 0
PENTAIR PLC SHS G7S00T104 10,515 144,770 SH   SOLE 1 144,770 0 0
PFIZER INC COM 717081103 4,585 106,600 SH   SOLE 1 106,600 0 0
PIONEER NAT RES CO COM 723787107 18,267 109,704 SH   SOLE 1 109,704 0 0
PJT PARTNERS INC COM CL A 69343T107 5,103 64,500 SH   SOLE   64,500 0 0
PNC FINL SVCS GROUP INC COM 693475105 10,842 55,420 SH   SOLE   55,420 0 0
PPG INDS INC COM 693506107 7,858 54,950 SH   SOLE   54,950 0 0
PRIMERICA INC COM 74164M108 9,838 64,040 SH   SOLE 1 64,040 0 0
PROCTER AND GAMBLE CO COM 742718109 4,866 34,810 SH   SOLE   34,810 0 0
PROGRESSIVE CORP COM 743315103 9,369 103,650 SH   SOLE   103,650 0 0
QCR HOLDINGS INC COM 74727A104 5,381 104,600 SH   SOLE 1 104,600 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101 5,753 66,930 SH   SOLE 1 66,930 0 0
RENAISSANCERE HLDGS LTD COM G7496G103 18,245 130,884 SH   SOLE 1 130,884 0 0
ROBERT HALF INTL INC COM 770323103 13,143 131,000 SH   SOLE 1 131,000 0 0
SCHLUMBERGER LTD COM STK 806857108 9,947 335,600 SH   SOLE 1 335,600 0 0
SELECTIVE INS GROUP INC COM 816300107 761 10,070 SH   SOLE 1 10,070 0 0
SENSATA TECHNOLOGIES HLDG PL SHS G8060N102 6,914 126,350 SH   SOLE 1 126,350 0 0
SMUCKER J M CO COM NEW 832696405 11,597 96,620 SH   SOLE 1 96,620 0 0
SOUTHSTATE CORPORATION COM 840441109 1,449 19,400 SH   SOLE 1 19,400 0 0
SUNCOR ENERGY INC NEW COM 867224107 2,444 117,850 SH   SOLE 1 117,850 0 0
SYNOVUS FINL CORP COM NEW 87161C501 8,030 182,950 SH   SOLE 1 182,950 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 3,520 128,500 SH   SOLE 1 128,500 0 0
US BANCORP DEL COM NEW 902973304 20,582 346,270 SH   SOLE 1 346,270 0 0
VECTRUS INC COM 92242T101 4,489 89,280 SH   SOLE 1 89,280 0 0
VISHAY INTERTECHNOLOGY INC NOTE 2.250% 6/1 928298AP3 824 800,000 PRN   SOLE 1 800,000 0 0
VOYA FINANCIAL INC COM 929089100 11,765 191,650 SH   SOLE 1 191,650 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 310 6,580 SH   SOLE 1 6,580 0 0