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
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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
A T & T Inc New COM 00206r102 289 7,383 SH   SOLE   7,383 0 0
Airgas, Inc. COM 009363102 11,390 80,415 SH   SOLE   80,415 0 0
Allergan PLC COM g0177j108 2,255 8,415 SH   SOLE   8,415 0 0
American Eagle Outfitters, Inc COM 02553e106 1,947 116,797 SH   SOLE   116,797 0 0
Amgen Incorporated COM 031162100 287 1,914 SH   SOLE   1,914 0 0
Aqua America, Inc. COM 03836W103 27,746 871,969 SH   SOLE   871,969 0 0
Arthur J. Gallagher & Co. COM 363576109 14,877 334,462 SH   SOLE   334,462 0 0
Ashford Hospitality Prime REIT COM 044102101 3,919 335,792 SH   SOLE   335,792 0 0
AutoZone, Inc. COM 053332102 55,023 69,064 SH   SOLE   69,064 0 0
Bank of the Ozarks, Inc. COM 063904106 29,017 691,378 SH   SOLE   691,378 0 0
Berkshire Hathaway Inc. A COM 084670108 43,971 206 SH   SOLE   206 0 0
Berkshire Hathaway Inc. B COM 084670702 20,110 141,736 SH   SOLE   141,736 0 0
Biglari Holdings Inc. COM 08986r101 11,832 31,832 SH   SOLE   31,832 0 0
Brookfield Asset Management In COM 112585104 68,213 1,960,714 SH   SOLE   1,960,714 0 0
Brown & Brown, Inc. COM 115236101 66,409 1,855,007 SH   SOLE   1,855,007 0 0
CarMax, Inc. COM 143130102 43,360 848,528 SH   SOLE   848,528 0 0
CDW Corporation COM 12514G108 77,907 1,877,272 SH   SOLE   1,877,272 0 0
Clarcor Inc COM 179895107 371 6,424 SH   SOLE   6,424 0 0
Conmed Corp COM 207410101 297 7,087 SH   SOLE   7,087 0 0
Consolidated-Tomoka Land Co. COM 210226106 5,226 113,274 SH   SOLE   113,274 0 0
Diamond Hill Investment Group, COM 25264r207 4,127 23,271 SH   SOLE   23,271 0 0
Digital Realty Trust, Inc. COM 253868103 17,394 196,565 SH   SOLE   196,565 0 0
Donaldson Company, Inc. COM 257651109 40,864 1,280,617 SH   SOLE   1,280,617 0 0
DSW Inc. COM 23334l102 28,936 1,046,882 SH   SOLE   1,046,882 0 0
Echo Global Logistics, Inc. COM 27875t101 9,311 342,825 SH   SOLE   342,825 0 0
EOG Resources, Inc. COM 26875P101 50,379 694,115 SH   SOLE   694,115 0 0
Evolution Petroleum Corporatio COM 30049A107 4,233 870,925 SH   SOLE   870,925 0 0
Exxon Mobil Corporation COM 30231G102 1,468 17,566 SH   SOLE   17,566 0 0
Fabrinet COM g3323l100 11,978 370,256 SH   SOLE   370,256 0 0
Ferro Corporation COM 315405100 9,068 763,942 SH   SOLE   763,942 0 0
First NBC Bank Holding Company COM 32115d106 4,598 223,330 SH   SOLE   223,330 0 0
FLIR Systems, Inc. COM 302445101 36,446 1,106,110 SH   SOLE   1,106,110 0 0
Flowers Foods, Inc. COM 343498101 21,670 1,173,875 SH   SOLE   1,173,875 0 0
Forest City Realty Trust, Inc. COM 345605109 14,419 683,700 SH   SOLE   683,700 0 0
Forward Air Corporation COM 349853101 29,113 642,383 SH   SOLE   642,383 0 0
Franklin Electric Co., Inc. COM 353514102 6,650 206,720 SH   SOLE   206,720 0 0
Franklin Resources, Inc. COM 354613101 42,954 1,099,974 SH   SOLE   1,099,974 0 0
FRP Holdings, Inc. COM 30292l107 7,655 215,037 SH   SOLE   215,037 0 0
General Electric Company COM 369604103 537 16,895 SH   SOLE   16,895 0 0
Glenville Bank Hldg Co COM 37908p109 332 4,006 SH   SOLE   4,006 0 0
Graco Inc. COM 384109104 35,065 417,639 SH   SOLE   417,639 0 0
Hallmark Financial Services, I COM 40624q203 6,650 578,226 SH   SOLE   578,226 0 0
Home BancShares, Inc. COM 436893200 3,736 91,223 SH   SOLE   91,223 0 0
IDEX Corporation COM 45167R104 71,358 860,976 SH   SOLE   860,976 0 0
Illinois Tool Works Inc. COM 452308109 52,819 515,612 SH   SOLE   515,612 0 0
Infinity Property and Casualty COM 45665q103 6,189 76,885 SH   SOLE   76,885 0 0
Ingersoll-Rand, PLC COM g47791101 5,974 96,333 SH   SOLE   96,333 0 0
International Business Machine COM 459200101 1,096 7,240 SH   SOLE   7,240 0 0
Interpublic Group of Companies COM 460690100 36,075 1,571,915 SH   SOLE   1,571,915 0 0
John Wiley & Sons, Inc. COM 968223206 10,609 217,000 SH   SOLE   217,000 0 0
Keysight Technologies Inc. COM 49338l103 19,063 687,190 SH   SOLE   687,190 0 0
Knight Transportation, Inc. COM 499064103 4,288 163,970 SH   SOLE   163,970 0 0
Landstar System, Inc. COM 515098101 8,625 133,496 SH   SOLE   133,496 0 0
Lindsay Corp. COM 535555106 1,922 26,835 SH   SOLE   26,835 0 0
Loews Corporation COM 540424108 23,449 612,895 SH   SOLE   612,895 0 0
M&T Bank Corporation COM 55261F104 38,226 344,377 SH   SOLE   344,377 0 0
Macquarie Infrastructure Compa COM 55608b105 11,868 175,986 SH   SOLE   175,986 0 0
Markel Corporation COM 570535104 76,758 86,093 SH   SOLE   86,093 0 0
Mattel, Inc. COM 577081102 11,261 334,962 SH   SOLE   334,962 0 0
McGrath RentCorp COM 580589109 7,646 304,875 SH   SOLE   304,875 0 0
MDU Resources Group, Inc. COM 552690109 5,186 266,478 SH   SOLE   266,478 0 0
MEDNAX, Inc. COM 58502B106 51,411 795,585 SH   SOLE   795,585 0 0
Microchip Technology Incorpora COM 595017104 41,661 864,340 SH   SOLE   864,340 0 0
Mistras Group, Inc. COM 60649t107 9,183 370,750 SH   SOLE   370,750 0 0
Mohawk Industries, Inc. COM 608190104 27,200 142,484 SH   SOLE   142,484 0 0
Multi-Color Corp COM 625383104 5,259 98,580 SH   SOLE   98,580 0 0
National Commerce Corporation COM 63546l102 7,194 304,697 SH   SOLE   304,697 0 0
National Instruments COM 636518102 3,673 122,000 SH   SOLE   122,000 0 0
NBT Bancorp Inc COM 628778102 414 15,356 SH   SOLE   15,356 0 0
Newlink Genetics Corp COM 651511107 224 12,321 SH   SOLE   12,321 0 0
OneBeacon Insurance Group, Ltd COM G67742109 6,608 519,104 SH   SOLE   519,104 0 0
Patterson Companies, Inc. COM 703395103 32,322 694,640 SH   SOLE   694,640 0 0
PC Connection, Inc. COM 69318J100 7,947 307,900 SH   SOLE   307,900 0 0
Pfizer Incorporated COM 717081103 272 9,164 SH   SOLE   9,164 0 0
Pinnacle Financial Partners, I COM 72346Q104 17,891 364,686 SH   SOLE   364,686 0 0
Procter & Gamble COM 742718109 237 2,880 SH   SOLE   2,880 0 0
Pub Svc Ent Group Inc COM 744573106 231 4,901 SH   SOLE   4,901 0 0
Questar Corporation COM 748356102 9,983 402,541 SH   SOLE   402,541 0 0
Republic Services, Inc. COM 760759100 10,046 210,826 SH   SOLE   210,826 0 0
Retail Opportunity Investments COM 76131n101 4,600 228,625 SH   SOLE   228,625 0 0
Ross Stores, Inc. COM 778296103 85,757 1,481,115 SH   SOLE   1,481,115 0 0
Scansource, Inc. COM 806037107 10,234 253,450 SH   SOLE   253,450 0 0
Smuckers, Jm COM 832696405 228 1,753 SH   SOLE   1,753 0 0
South State Corporation COM 840441109 32,395 504,360 SH   SOLE   504,360 0 0
Starwood Hotels & Resorts Worl COM 85590a401 41,296 494,980 SH   SOLE   494,980 0 0
Stock Yards Bancorp, Inc. COM 861025104 3,331 86,450 SH   SOLE   86,450 0 0
StoneCastle Financial Corp. COM 861780104 4,736 273,600 SH   SOLE   273,600 0 0
Stonegate Bank COM 861811107 5,644 188,400 SH   SOLE   188,400 0 0
Stryker Corporation COM 863667101 61,502 573,236 SH   SOLE   573,236 0 0
T Rowe Price Group, Inc. COM 74144t108 29,040 395,315 SH   SOLE   395,315 0 0
Thermon Group Holdings, Inc. COM 88362t103 6,477 368,875 SH   SOLE   368,875 0 0
Tupperware Brands Corporation COM 899896104 4,014 69,234 SH   SOLE   69,234 0 0
Union Pacific Corp COM 907818108 458 5,754 SH   SOLE   5,754 0 0
US Bancorp COM 902973304 298 7,331 SH   SOLE   7,331 0 0
US Ecology, Inc. COM 91732j102 25,664 581,154 SH   SOLE   581,154 0 0
Waters Corporation COM 941848103 41,570 315,114 SH   SOLE   315,114 0 0
Westwood Holdings Group, Inc. COM 961765104 7,003 119,396 SH   SOLE   119,396 0 0
White Mountains Insurance Grou COM G9618E107 55,780 69,499 SH   SOLE   69,499 0 0
Xilinx, Inc. COM 983919101 40,007 843,504 SH   SOLE   843,504 0 0
YUM! Brands, Inc. COM 988498101 20,507 250,546 SH   SOLE   250,546 0 0