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 301 7,083 SH   SOLE   7,083 0 0
Air Prod & Chemicals Inc COM 009158106 10,593 73,655 SH   SOLE   73,655 0 0
Allergan PLC COM g0177j108 1,767 8,415 SH   SOLE   8,415 0 0
Aqua America, Inc. COM 03836W103 19,316 643,017 SH   SOLE   643,017 0 0
Arthur J. Gallagher & Co. COM 363576109 28,571 549,872 SH   SOLE   549,872 0 0
Ashford Hospitality Prime REIT COM 044102101 4,582 335,670 SH   SOLE   335,670 0 0
Auto Data Processing COM 053015103 208 2,020 SH   SOLE   2,020 0 0
AutoZone, Inc. COM 053332102 54,219 68,650 SH   SOLE   68,650 0 0
Bank of the Ozarks, Inc. COM 063904106 32,869 625,003 SH   SOLE   625,003 0 0
Berkshire Hathaway Inc. A COM 084670108 50,289 206 SH   SOLE   206 0 0
Berkshire Hathaway Inc. B COM 084670702 23,141 141,985 SH   SOLE   141,985 0 0
Biglari Holdings Inc. COM 08986r101 6,116 12,925 SH   SOLE   12,925 0 0
Brookfield Asset Management In COM 112585104 65,790 1,993,035 SH   SOLE   1,993,035 0 0
Brown & Brown, Inc. COM 115236101 78,866 1,758,049 SH   SOLE   1,758,049 0 0
CarMax, Inc. COM 143130102 56,576 878,652 SH   SOLE   878,652 0 0
CDW Corporation COM 12514G108 104,943 2,014,656 SH   SOLE   2,014,656 0 0
Choice Hotels International, I COM 169905106 8,764 156,360 SH   SOLE   156,360 0 0
Clarcor Inc COM 179895107 530 6,424 SH   SOLE   6,424 0 0
Conmed Corp COM 207410101 313 7,087 SH   SOLE   7,087 0 0
Consolidated-Tomoka Land Co. COM 210226106 8,292 155,224 SH   SOLE   155,224 0 0
Diamond Hill Investment Group, COM 25264r207 7,948 37,777 SH   SOLE   37,777 0 0
Digital Realty Trust, Inc. COM 253868103 11,170 113,680 SH   SOLE   113,680 0 0
Donaldson Company, Inc. COM 257651109 51,155 1,215,655 SH   SOLE   1,215,655 0 0
DSW Inc. COM 23334l102 31,584 1,394,442 SH   SOLE   1,394,442 0 0
Echo Global Logistics, Inc. COM 27875t101 8,390 334,950 SH   SOLE   334,950 0 0
EOG Resources, Inc. COM 26875P101 70,584 698,162 SH   SOLE   698,162 0 0
Evolution Petroleum Corporatio COM 30049A107 8,341 834,140 SH   SOLE   834,140 0 0
Exlservice Holdings Inc. COM 302081104 6,512 129,100 SH   SOLE   129,100 0 0
Exxon Mobil Corporation COM 30231G102 1,586 17,566 SH   SOLE   17,566 0 0
FLIR Systems, Inc. COM 302445101 41,034 1,133,848 SH   SOLE   1,133,848 0 0
Flowers Foods, Inc. COM 343498101 34,420 1,723,610 SH   SOLE   1,723,610 0 0
Forest City Realty Trust, Inc. COM 345605109 28,701 1,377,224 SH   SOLE   1,377,224 0 0
Forward Air Corporation COM 349853101 30,046 634,153 SH   SOLE   634,153 0 0
Franklin Electric Co., Inc. COM 353514102 6,454 165,920 SH   SOLE   165,920 0 0
Franklin Resources, Inc. COM 354613101 45,168 1,141,182 SH   SOLE   1,141,182 0 0
FRP Holdings, Inc. COM 30292l107 6,542 173,537 SH   SOLE   173,537 0 0
General Electric Company COM 369604103 515 16,295 SH   SOLE   16,295 0 0
Glenville Bank Hldg Co COM 37908p109 312 4,006 SH   SOLE   4,006 0 0
Graco Inc. COM 384109104 34,253 412,244 SH   SOLE   412,244 0 0
Hallmark Financial Services, I COM 40624q203 7,408 636,972 SH   SOLE   636,972 0 0
Home BancShares, Inc. COM 436893200 4,823 173,671 SH   SOLE   173,671 0 0
IDEX Corporation COM 45167R104 77,158 856,736 SH   SOLE   856,736 0 0
Illinois Tool Works Inc. COM 452308109 59,181 483,267 SH   SOLE   483,267 0 0
Infinity Property and Casualty COM 45665q103 6,508 74,035 SH   SOLE   74,035 0 0
Ingersoll-Rand, PLC COM g47791101 11,427 152,274 SH   SOLE   152,274 0 0
International Business Machine COM 459200101 1,214 7,314 SH   SOLE   7,314 0 0
Interpublic Group of Companies COM 460690100 55,845 2,385,505 SH   SOLE   2,385,505 0 0
Keysight Technologies Inc. COM 49338l103 31,575 863,415 SH   SOLE   863,415 0 0
Landstar System, Inc. COM 515098101 4,965 58,207 SH   SOLE   58,207 0 0
Lindsay Corp. COM 535555106 8,193 109,815 SH   SOLE   109,815 0 0
Loews Corporation COM 540424108 28,074 599,495 SH   SOLE   599,495 0 0
M&T Bank Corporation COM 55261F104 56,838 363,347 SH   SOLE   363,347 0 0
Macquarie Infrastructure Compa COM 55608b105 15,574 190,626 SH   SOLE   190,626 0 0
Markel Corporation COM 570535104 77,898 86,123 SH   SOLE   86,123 0 0
Marriott Intl Inc New Cl A COM 571903202 32,271 390,317 SH   SOLE   390,317 0 0
Mattel, Inc. COM 577081102 9,028 327,712 SH   SOLE   327,712 0 0
MDU Resources Group, Inc. COM 552690109 7,481 260,028 SH   SOLE   260,028 0 0
MEDNAX, Inc. COM 58502B106 53,382 800,810 SH   SOLE   800,810 0 0
Microchip Technology Incorpora COM 595017104 58,340 909,425 SH   SOLE   909,425 0 0
Mistras Group, Inc. COM 60649t107 8,914 347,125 SH   SOLE   347,125 0 0
Mohawk Industries, Inc. COM 608190104 28,356 142,009 SH   SOLE   142,009 0 0
Multi-Color Corp COM 625383104 8,069 103,984 SH   SOLE   103,984 0 0
National Commerce Corporation COM 63546l102 9,699 261,088 SH   SOLE   261,088 0 0
National Instruments COM 636518102 3,760 122,000 SH   SOLE   122,000 0 0
NBT Bancorp Inc COM 628778102 1,041 24,856 SH   SOLE   24,856 0 0
Newlink Genetics Corp COM 651511107 127 12,321 SH   SOLE   12,321 0 0
Omnicom Group COM 681919106 1,787 21,000 SH   SOLE   21,000 0 0
Patterson Companies, Inc. COM 703395103 40,610 989,765 SH   SOLE   989,765 0 0
PC Connection, Inc. COM 69318j100 8,825 314,175 SH   SOLE   314,175 0 0
Penske Automotive Group Inc. COM 70959w103 11,210 216,250 SH   SOLE   216,250 0 0
Pfizer Incorporated COM 717081103 298 9,164 SH   SOLE   9,164 0 0
Pinnacle Financial Partners, I COM 72346Q104 23,206 334,861 SH   SOLE   334,861 0 0
Procter & Gamble COM 742718109 242 2,880 SH   SOLE   2,880 0 0
Pub Svc Ent Group Inc COM 744573106 215 4,901 SH   SOLE   4,901 0 0
Republic Services, Inc. COM 760759100 7,949 139,331 SH   SOLE   139,331 0 0
Retail Opportunity Investments COM 76131n101 4,858 229,900 SH   SOLE   229,900 0 0
Robert Half Intl. Inc. COM 770323103 12,999 266,475 SH   SOLE   266,475 0 0
Ross Stores, Inc. COM 778296103 96,385 1,469,280 SH   SOLE   1,469,280 0 0
Scansource, Inc. COM 806037107 11,215 277,950 SH   SOLE   277,950 0 0
South State Corporation COM 840441109 47,143 539,397 SH   SOLE   539,397 0 0
Stock Yards Bancorp, Inc. COM 861025104 5,002 106,537 SH   SOLE   106,537 0 0
StoneCastle Financial Corp. COM 861780104 4,606 246,424 SH   SOLE   246,424 0 0
Stonegate Bank COM 861811107 8,877 212,725 SH   SOLE   212,725 0 0
Stryker Corporation COM 863667101 64,349 537,091 SH   SOLE   537,091 0 0
T Rowe Price Group, Inc. COM 74144t108 37,903 503,625 SH   SOLE   503,625 0 0
Thermon Group Holdings, Inc. COM 88362t103 9,451 495,065 SH   SOLE   495,065 0 0
Tupperware Brands Corporation COM 899896104 3,612 68,650 SH   SOLE   68,650 0 0
Union Pacific Corp COM 907818108 348 3,354 SH   SOLE   3,354 0 0
US Bancorp COM 902973304 400 7,781 SH   SOLE   7,781 0 0
US Ecology, Inc. COM 91732j102 19,630 399,397 SH   SOLE   399,397 0 0
Versum Materials Inc. COM 92532w103 4,847 172,665 SH   SOLE   172,665 0 0
Waters Corporation COM 941848103 37,612 279,874 SH   SOLE   279,874 0 0
Westwood Holdings Group, Inc. COM 961765104 7,254 120,921 SH   SOLE   120,921 0 0
White Mountains Insurance Grou COM G9618E107 46,561 55,692 SH   SOLE   55,692 0 0
Xilinx, Inc. COM 983919101 47,148 780,979 SH   SOLE   780,979 0 0
YUM! Brands, Inc. COM 988498101 15,639 246,950 SH   SOLE   246,950 0 0
Spdr S&P 500 ETF Trust ETF 78462f103 3,708 16,587 SH   SOLE   16,587 0 0