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 254 7,383 SH   SOLE   7,383 0 0
Airgas, Inc. COM 009363102 11,178 80,815 SH   SOLE   80,815 0 0
Allergan PLC COM g0177j108 2,630 8,415 SH   SOLE   8,415 0 0
American Eagle Outfitters, Inc COM 02553e106 1,810 116,797 SH   SOLE   116,797 0 0
Amgen Incorporated COM 031162100 311 1,914 SH   SOLE   1,914 0 0
Apple Inc COM 037833100 234 2,222 SH   SOLE   2,222 0 0
Aqua America, Inc. COM 03836W103 26,144 877,306 SH   SOLE   877,306 0 0
Arthur J. Gallagher & Co. COM 363576109 13,650 333,412 SH   SOLE   333,412 0 0
Ashford Hospitality Prime REIT COM 044102101 3,315 228,638 SH   SOLE   228,638 0 0
AutoZone, Inc. COM 053332102 51,287 69,129 SH   SOLE   69,129 0 0
Bank of the Ozarks, Inc. COM 063904106 34,201 691,478 SH   SOLE   691,478 0 0
Berkshire Hathaway Inc. A COM 084670108 40,747 206 SH   SOLE   206 0 0
Berkshire Hathaway Inc. B COM 084670702 18,781 142,236 SH   SOLE   142,236 0 0
Biglari Holdings Inc. COM 08986r101 13,111 40,239 SH   SOLE   40,239 0 0
Brookfield Asset Management In COM 112585104 60,839 1,929,549 SH   SOLE   1,929,549 0 0
Brown & Brown, Inc. COM 115236101 67,149 2,091,867 SH   SOLE   2,091,867 0 0
CarMax, Inc. COM 143130102 40,264 746,043 SH   SOLE   746,043 0 0
CDW Corporation COM 12514G108 78,999 1,879,147 SH   SOLE   1,879,147 0 0
Chevron Corporation COM 166764100 237 2,630 SH   SOLE   2,630 0 0
Clarcor Inc COM 179895107 319 6,424 SH   SOLE   6,424 0 0
Conmed Corp COM 207410101 312 7,087 SH   SOLE   7,087 0 0
Consolidated-Tomoka Land Co. COM 210226106 4,548 86,280 SH   SOLE   86,280 0 0
Diamond Hill Investment Group, COM 25264r207 3,559 18,832 SH   SOLE   18,832 0 0
Digital Realty Trust, Inc. COM 253868103 16,804 222,210 SH   SOLE   222,210 0 0
Donaldson Company, Inc. COM 257651109 34,587 1,206,797 SH   SOLE   1,206,797 0 0
DSW Inc. COM 23334l102 21,868 916,519 SH   SOLE   916,519 0 0
Echo Global Logistics, Inc. COM 27875t101 7,048 345,650 SH   SOLE   345,650 0 0
EOG Resources, Inc. COM 26875P101 47,387 669,398 SH   SOLE   669,398 0 0
Evolution Petroleum Corporatio COM 30049A107 4,589 954,155 SH   SOLE   954,155 0 0
Exxon Mobil Corporation COM 30231G102 1,385 17,766 SH   SOLE   17,766 0 0
Fabrinet COM g3323l100 12,776 536,356 SH   SOLE   536,356 0 0
Ferro Corporation COM 315405100 6,829 614,075 SH   SOLE   614,075 0 0
First NBC Bank Holding Company COM 32115d106 6,654 177,975 SH   SOLE   177,975 0 0
FLIR Systems, Inc. COM 302445101 29,001 1,033,160 SH   SOLE   1,033,160 0 0
Flowers Foods, Inc. COM 343498101 12,162 565,925 SH   SOLE   565,925 0 0
Forest City Enterprises, Inc. COM 345550107 13,239 603,700 SH   SOLE   603,700 0 0
Forward Air Corporation COM 349853101 27,642 642,683 SH   SOLE   642,683 0 0
Fossil Group, Inc. COM 34988v106 2,759 75,475 SH   SOLE   75,475 0 0
Franklin Electric Co., Inc. COM 353514102 4,966 183,721 SH   SOLE   183,721 0 0
Franklin Resources, Inc. COM 354613101 36,732 997,599 SH   SOLE   997,599 0 0
FRP Holdings, Inc. COM 30292l107 7,298 215,037 SH   SOLE   215,037 0 0
General Electric Company COM 369604103 554 17,793 SH   SOLE   17,793 0 0
Glenville Bank Hldg Co COM 37908p109 330 4,006 SH   SOLE   4,006 0 0
Graco Inc. COM 384109104 27,452 380,914 SH   SOLE   380,914 0 0
Hallmark Financial Services, I COM 40624q203 5,761 492,772 SH   SOLE   492,772 0 0
Home BancShares, Inc. COM 436893200 3,681 90,848 SH   SOLE   90,848 0 0
Houston Wire & Cable Company COM 44244K109 211 40,025 SH   SOLE   40,025 0 0
IDEX Corporation COM 45167R104 66,060 862,286 SH   SOLE   862,286 0 0
Illinois Tool Works Inc. COM 452308109 47,822 515,987 SH   SOLE   515,987 0 0
Infinity Property and Casualty COM 45665q103 6,322 76,885 SH   SOLE   76,885 0 0
Ingersoll-Rand, PLC COM g47791101 2,742 49,598 SH   SOLE   49,598 0 0
International Business Machine COM 459200101 996 7,240 SH   SOLE   7,240 0 0
Interpublic Group of Companies COM 460690100 36,726 1,577,590 SH   SOLE   1,577,590 0 0
John Wiley & Sons, Inc. COM 968223206 9,772 217,000 SH   SOLE   217,000 0 0
Joy Global, Inc. COM 481165108 1,517 120,291 SH   SOLE   120,291 0 0
Keysight Technologies Inc. COM 49338l103 15,954 563,166 SH   SOLE   563,166 0 0
Knight Transportation, Inc. COM 499064103 29,304 1,209,399 SH   SOLE   1,209,399 0 0
Landauer, Inc. COM 51476K103 2,840 86,256 SH   SOLE   86,256 0 0
Loews Corporation COM 540424108 23,731 617,990 SH   SOLE   617,990 0 0
M&T Bank Corporation COM 55261F104 40,297 332,537 SH   SOLE   332,537 0 0
Macquarie Infrastructure Compa COM 55608b105 11,708 161,266 SH   SOLE   161,266 0 0
Markel Corporation COM 570535104 89,051 100,810 SH   SOLE   100,810 0 0
Mattel, Inc. COM 577081102 9,174 337,662 SH   SOLE   337,662 0 0
McCormick & Company COM 579780206 1,904 22,250 SH   SOLE   22,250 0 0
McGrath RentCorp COM 580589109 21,768 864,155 SH   SOLE   864,155 0 0
MDU Resources Group, Inc. COM 552690109 4,332 236,478 SH   SOLE   236,478 0 0
MEDNAX, Inc. COM 58502B106 56,311 785,805 SH   SOLE   785,805 0 0
Meridian Bioscience, Inc. COM 589584101 5,436 264,900 SH   SOLE   264,900 0 0
Microchip Technology Incorpora COM 595017104 30,969 665,435 SH   SOLE   665,435 0 0
Mistras Group, Inc. COM 60649t107 8,460 443,150 SH   SOLE   443,150 0 0
Mohawk Industries, Inc. COM 608190104 26,985 142,484 SH   SOLE   142,484 0 0
National Commerce Corporation COM 63546l102 7,543 301,100 SH   SOLE   301,100 0 0
National Instruments COM 636518102 3,500 122,000 SH   SOLE   122,000 0 0
NBT Bancorp Inc COM 628778102 450 16,151 SH   SOLE   16,151 0 0
Newlink Genetics Corp COM 651511107 448 12,321 SH   SOLE   12,321 0 0
OneBeacon Insurance Group, Ltd COM G67742109 7,058 568,733 SH   SOLE   568,733 0 0
Patriot Transportation Holding COM 70338w105 1,206 53,613 SH   SOLE   53,613 0 0
Patterson Companies, Inc. COM 703395103 24,531 542,600 SH   SOLE   542,600 0 0
PC Connection, Inc. COM 69318J100 6,858 302,900 SH   SOLE   302,900 0 0
Pfizer Incorporated COM 717081103 302 9,364 SH   SOLE   9,364 0 0
Pinnacle Financial Partners, I COM 72346Q104 18,939 368,759 SH   SOLE   368,759 0 0
Procter & Gamble COM 742718109 252 3,168 SH   SOLE   3,168 0 0
Questar Corporation COM 748356102 7,935 407,316 SH   SOLE   407,316 0 0
Republic Services, Inc. COM 760759100 9,340 212,326 SH   SOLE   212,326 0 0
Retail Opportunity Investments COM 76131n101 3,287 183,625 SH   SOLE   183,625 0 0
Ross Stores, Inc. COM 778296103 101,976 1,895,110 SH   SOLE   1,895,110 0 0
Smuckers, Jm COM 832696405 229 1,853 SH   SOLE   1,853 0 0
South State Corporation COM 840441109 35,702 496,210 SH   SOLE   496,210 0 0
Starwood Hotels & Resorts Worl COM 85590a401 34,353 495,855 SH   SOLE   495,855 0 0
StoneCastle Financial Corp. COM 861780104 4,505 276,351 SH   SOLE   276,351 0 0
Stonegate Bank COM 861811107 5,369 163,400 SH   SOLE   163,400 0 0
Stryker Corporation COM 863667101 53,400 574,561 SH   SOLE   574,561 0 0
T Rowe Price Group, Inc. COM 74144t108 26,771 374,465 SH   SOLE   374,465 0 0
Trustco Bank Corp COM 898349105 126 20,533 SH   SOLE   20,533 0 0
Tupperware Brands Corporation COM 899896104 3,844 69,075 SH   SOLE   69,075 0 0
Union Pacific Corp COM 907818108 450 5,754 SH   SOLE   5,754 0 0
US Bancorp COM 902973304 313 7,331 SH   SOLE   7,331 0 0
US Ecology, Inc. COM 91732j102 19,455 533,904 SH   SOLE   533,904 0 0
Waters Corporation COM 941848103 42,415 315,164 SH   SOLE   315,164 0 0
Westwood Holdings Group, Inc. COM 961765104 4,974 95,496 SH   SOLE   95,496 0 0
White Mountains Insurance Grou COM G9618E107 52,726 72,544 SH   SOLE   72,544 0 0
Winthrop Realty Trust COM 976391300 1,795 138,382 SH   SOLE   138,382 0 0
Xilinx, Inc. COM 983919101 42,212 898,709 SH   SOLE   898,709 0 0
YUM! Brands, Inc. COM 988498101 32,699 447,627 SH   SOLE   447,627 0 0
Vanguard Health Care Index Fun ETF 92204a504 222 1,671 SH   SOLE   1,671 0 0