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
A T & T Inc New COM 00206r102 298 8,865 SH   SOLE   8,865 0 0
ACI Worldwide, Inc. COM 004498101 7,348 364,326 SH   SOLE   364,326 0 0
Actavis, PLC COM g0083b108 2,162 8,400 SH   SOLE   8,400 0 0
Altera Corp COM 021441100 2,992 81,000 SH   SOLE   81,000 0 0
American Eagle Outfitters COM 02553e106 23,014 1,658,047 SH   SOLE   1,658,047 0 0
American Express Company COM 025816109 611 6,566 SH   SOLE   6,566 0 0
Amerisafe, Inc. COM 03071h100 2,631 62,100 SH   SOLE   62,100 0 0
Amgen Incorporated COM 031162100 305 1,914 SH   SOLE   1,914 0 0
Aqua America Inc COM 03836W103 23,798 891,329 SH   SOLE   891,329 0 0
Arthur J Gallagher & Co. COM 363576109 14,091 299,290 SH   SOLE   299,290 0 0
Autozone Inc COM 053332102 43,182 69,748 SH   SOLE   69,748 0 0
Bank of the Ozarks, Inc. COM 063904106 26,799 706,725 SH   SOLE   706,725 0 0
Bed Bath and Beyond COM 075896100 34,875 457,857 SH   SOLE   457,857 0 0
Berkshire Hathaway A COM 084670108 46,556 206 SH   SOLE   206 0 0
Berkshire Hathaway B COM 084670702 20,726 138,038 SH   SOLE   138,038 0 0
Biglari Holdings Inc. COM 08986r101 18,121 45,357 SH   SOLE   45,357 0 0
Brookfield Asset Management COM 112585104 64,300 1,282,668 SH   SOLE   1,282,668 0 0
Brown & Brown Inc. COM 115236101 68,437 2,079,522 SH   SOLE   2,079,522 0 0
Carmax COM 143130102 56,345 846,270 SH   SOLE   846,270 0 0
CDW Corp. COM 12514G108 63,826 1,814,786 SH   SOLE   1,814,786 0 0
Chevron Corporation COM 166764100 411 3,663 SH   SOLE   3,663 0 0
Clarcor Inc COM 179895107 428 6,424 SH   SOLE   6,424 0 0
Conmed Corp COM 207410101 319 7,087 SH   SOLE   7,087 0 0
Consolidated Tomoka Land Co. COM 210226106 2,899 51,955 SH   SOLE   51,955 0 0
Destination Maternity COM 25065d100 4,273 267,925 SH   SOLE   267,925 0 0
Diamond Hill Investment Group, COM 25264r207 1,208 8,754 SH   SOLE   8,754 0 0
Digital Realty Trust Inc. COM 253868103 18,919 285,350 SH   SOLE   285,350 0 0
Donaldson Co., Inc. COM 257651109 42,306 1,095,172 SH   SOLE   1,095,172 0 0
DSW, Inc. COM 23334l102 7,097 190,272 SH   SOLE   190,272 0 0
Echo Global Logistics, Inc. COM 27875t101 6,020 206,175 SH   SOLE   206,175 0 0
EOG Resources Inc. COM 26875P101 56,932 618,358 SH   SOLE   618,358 0 0
Evolution Petroleum Corporatio COM 30049A107 5,924 797,371 SH   SOLE   797,371 0 0
Exxon Mobil Corporation COM 30231G102 1,866 20,185 SH   SOLE   20,185 0 0
Fabrinet COM g3323l100 8,111 457,231 SH   SOLE   457,231 0 0
First NBC Bank Holding Company COM 32115d106 5,649 160,475 SH   SOLE   160,475 0 0
FLIR Systems, Inc. COM 302445101 32,509 1,006,164 SH   SOLE   1,006,164 0 0
Flowers Foods COM 343498101 12,314 641,675 SH   SOLE   641,675 0 0
Forest City Enterprises Class COM 345550107 12,859 603,700 SH   SOLE   603,700 0 0
Forward Air COM 349853101 32,633 647,866 SH   SOLE   647,866 0 0
Franklin Resources COM 354613101 45,292 817,981 SH   SOLE   817,981 0 0
FRP Holdings, Inc. COM 30292l107 6,790 173,177 SH   SOLE   173,177 0 0
General Electric Company COM 369604103 569 22,517 SH   SOLE   22,517 0 0
Glenville Bank Hldg Co COM 37908p109 234 2,756 SH   SOLE   2,756 0 0
Graco COM 384109104 27,470 342,608 SH   SOLE   342,608 0 0
Hallmark Financial Services, I COM 40624q203 5,539 458,125 SH   SOLE   458,125 0 0
Home Bancshares, Inc. COM 436893200 2,472 76,878 SH   SOLE   76,878 0 0
Houston Wire & Cable Company COM 44244K109 2,958 247,512 SH   SOLE   247,512 0 0
Hudson Valley Holding Corp COM 444172100 5,052 186,000 SH   SOLE   186,000 0 0
Idex Corporation COM 45167R104 67,579 868,182 SH   SOLE   868,182 0 0
Illinois Tool Works COM 452308109 48,577 512,958 SH   SOLE   512,958 0 0
Infinity Property & Casualty C COM 45665q103 5,940 76,885 SH   SOLE   76,885 0 0
International Business Machine COM 459200101 1,223 7,625 SH   SOLE   7,625 0 0
Interpublic Group of Companies COM 460690100 33,447 1,610,350 SH   SOLE   1,610,350 0 0
John Bean Technologies Corpora COM 477839104 2,957 90,000 SH   SOLE   90,000 0 0
John Wiley & Sons COM 968223206 13,350 225,350 SH   SOLE   225,350 0 0
Keycorp New COM 493267108 155 11,181 SH   SOLE   11,181 0 0
Knight Transportation Inc. COM 499064103 41,926 1,245,565 SH   SOLE   1,245,565 0 0
Landauer Inc COM 51476K103 4,652 136,256 SH   SOLE   136,256 0 0
Loews Corp COM 540424108 28,804 685,481 SH   SOLE   685,481 0 0
M & T Bank Corp COM 55261F104 28,308 225,345 SH   SOLE   225,345 0 0
Markel Corp COM 570535104 76,505 112,040 SH   SOLE   112,040 0 0
Mattel Inc. COM 577081102 13,930 450,159 SH   SOLE   450,159 0 0
McCormick & Co. COM 579780206 2,025 27,250 SH   SOLE   27,250 0 0
McGrath Rentcorp COM 580589109 36,942 1,030,171 SH   SOLE   1,030,171 0 0
Mednax Inc. COM 58502B106 77,263 1,168,706 SH   SOLE   1,168,706 0 0
Meridian Bioscience COM 589584101 1,062 64,501 SH   SOLE   64,501 0 0
Microchip Technology Inc. COM 595017104 30,145 668,260 SH   SOLE   668,260 0 0
Mistras Group, Inc. COM 60649t107 4,346 237,075 SH   SOLE   237,075 0 0
Mohawk Industries COM 608190104 22,265 143,314 SH   SOLE   143,314 0 0
National Instruments COM 636518102 3,793 122,000 SH   SOLE   122,000 0 0
NBT Bancorp Inc COM 628778102 561 21,350 SH   SOLE   21,350 0 0
Newlink Genetics Corp COM 651511107 490 12,321 SH   SOLE   12,321 0 0
OneBeacon COM G67742109 3,448 212,866 SH   SOLE   212,866 0 0
Patterson Companies Inc. COM 703395103 26,022 541,000 SH   SOLE   541,000 0 0
PC Connection, Inc. COM 69318J100 4,740 193,075 SH   SOLE   193,075 0 0
Pfizer Incorporated COM 717081103 310 9,944 SH   SOLE   9,944 0 0
Physicians Realty Trust COM 71943u104 7,404 446,050 SH   SOLE   446,050 0 0
Pinnacle Financial Partners COM 72346Q104 15,051 380,654 SH   SOLE   380,654 0 0
Procter & Gamble COM 742718109 238 2,608 SH   SOLE   2,608 0 0
Protective Life Corp. COM 743674103 30,096 432,100 SH   SOLE   432,100 0 0
Pub Svc Ent Group Inc COM 744573106 203 4,901 SH   SOLE   4,901 0 0
Questar Corp COM 748356102 9,768 386,375 SH   SOLE   386,375 0 0
Rosetta Stone COM 777780107 2,975 304,850 SH   SOLE   304,850 0 0
Ross Stores Inc. COM 778296103 105,771 1,122,117 SH   SOLE   1,122,117 0 0
Sigma Aldrich Corp. COM 826552101 3,432 25,000 SH   SOLE   25,000 0 0
South State Corporation COM 840441109 33,475 499,025 SH   SOLE   499,025 0 0
Southwestern Energy Co COM 845467109 4,858 178,000 SH   SOLE   178,000 0 0
Starwood Hotels Resorts COM 85590a401 34,171 421,495 SH   SOLE   421,495 0 0
Stock Yards Bancorp, Inc. COM 861025104 268 8,026 SH   SOLE   8,026 0 0
Stonecastle Financial Corp. COM 861780104 4,006 205,776 SH   SOLE   205,776 0 0
Stryker Corp COM 863667101 61,187 648,647 SH   SOLE   648,647 0 0
T Rowe Price Group, Inc. COM 74144t108 17,904 208,525 SH   SOLE   208,525 0 0
Trustco Bank Corp COM 898349105 149 20,533 SH   SOLE   20,533 0 0
Tupperware Brands Corp. COM 899896104 4,158 66,000 SH   SOLE   66,000 0 0
U.S. Physical Therapy Inc. COM 90337l108 2,561 61,045 SH   SOLE   61,045 0 0
Union Pacific Corp COM 907818108 685 5,754 SH   SOLE   5,754 0 0
US Bancorp COM 902973304 330 7,331 SH   SOLE   7,331 0 0
US Ecology, Inc. COM 91732j102 9,775 243,644 SH   SOLE   243,644 0 0
Waters Corp. COM 941848103 42,258 374,891 SH   SOLE   374,891 0 0
Western Union COM 959802109 1,826 101,936 SH   SOLE   101,936 0 0
Westwood Holdings Group, Inc. COM 961765104 3,932 63,596 SH   SOLE   63,596 0 0
White Mtns Insurance COM G9618E107 54,466 86,439 SH   SOLE   86,439 0 0
Winthrop Realty Trust COM 976391300 5,367 344,232 SH   SOLE   344,232 0 0
Xilinx Inc COM 983919101 29,774 687,784 SH   SOLE   687,784 0 0
Yum Brands COM 988498101 32,930 452,027 SH   SOLE   452,027 0 0