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 5,001 35,535 SH   SOLE 1 35,535 0 0
ABERDEEN STD PLATINUM ETF TR PHYSCL PLATM SHS 003260106 10,473 116,500 SH   SOLE 1 116,500 0 0
AGNICO EAGLE MINES LTD COM 008474108 2,450 46,100 SH   SOLE 1 46,100 0 0
AKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 00971TAL5 351 300,000 PRN   SOLE 1 300,000 0 0
AKAMAI TECHNOLOGIES INC NOTE 0.125% 5/0 00971TAJ0 785 600,000 PRN   SOLE 1 600,000 0 0
ALLEGHANY CORP MD COM 017175100 24,886 37,277 SH   SOLE 1 37,277 0 0
ALLEGIANCE BANCSHARES INC COM 01748H107 211 5,000 SH   SOLE 1 5,000 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 353 6,060 SH   SOLE 1 6,060 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 1,275 44,308 SH   SOLE   44,308 0 0
AXALTA COATING SYS LTD COM G0750C108 9,830 296,800 SH   SOLE 1 296,800 0 0
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 7,731 202,850 SH   SOLE 1 202,850 0 0
BERKLEY W R CORP COM 084423102 9,049 109,830 SH   SOLE 1 109,830 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 52,313 174,960 SH   SOLE 1 174,960 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 0.599% 8/0 09061GAH4 1,046 1,000,000 PRN   SOLE 1 1,000,000 0 0
BM TECHNOLOGIES INC CL A COM 05591L107 452 49,100 SH   SOLE   49,100 0 0
BROWN & BROWN INC COM 115236101 23,177 329,780 SH   SOLE 1 329,780 0 0
CAMBRIDGE BANCORP COM 132152109 1,695 18,115 SH   SOLE   18,115 0 0
CARRIER GLOBAL CORPORATION COM 14448C104 2,293 42,280 SH   SOLE   42,280 0 0
CBOE GLOBAL MKTS INC COM 12503M108 13,959 107,045 SH   SOLE 1 107,045 0 0
CBTX INC COM 12481V104 3,235 111,553 SH   SOLE 1 111,553 0 0
CENTRAL VY CMNTY BANCORP COM 155685100 1,865 89,778 SH   SOLE 1 89,778 0 0
CHURCH & DWIGHT CO INC COM 171340102 14,061 137,184 SH   SOLE 1 137,184 0 0
CIGNA CORP NEW COM 125523100 5,679 24,730 SH   SOLE   24,730 0 0
CITIGROUP INC COM NEW 172967424 3,836 63,520 SH   SOLE 1 63,520 0 0
CMC MATERIALS INC COM 12571T100 9,642 50,300 SH   SOLE 1 50,300 0 0
COCA COLA CO COM 191216100 4,821 81,415 SH   SOLE 1 81,415 0 0
COLGATE PALMOLIVE CO COM 194162103 1,645 19,275 SH   SOLE 1 19,275 0 0
COMERICA INC COM 200340107 23,955 275,350 SH   SOLE 1 275,350 0 0
CURTISS WRIGHT CORP COM 231561101 9,977 71,950 SH   SOLE 1 71,950 0 0
DARDEN RESTAURANTS INC COM 237194105 14,331 95,135 SH   SOLE 1 95,135 0 0
DEVON ENERGY CORP NEW COM 25179M103 2,269 51,500 SH   SOLE 1 51,500 0 0
DIAMOND HILL INVT GROUP INC COM NEW 25264R207 2,302 11,850 SH   SOLE 1 11,850 0 0
EATON CORP PLC SHS G29183103 9,733 56,320 SH   SOLE 1 56,320 0 0
EBAY INC. COM 278642103 10,477 157,550 SH   SOLE 1 157,550 0 0
EVEREST RE GROUP LTD COM G3223R108 11,455 41,820 SH   SOLE 1 41,820 0 0
EXXON MOBIL CORP COM 30231G102 630 10,300 SH   SOLE   10,300 0 0
FARO TECHNOLOGIES INC COM 311642102 4,229 60,400 SH   SOLE 1 60,400 0 0
FEDERATED HERMES INC CL B 314211103 17,433 463,900 SH   SOLE 1 463,900 0 0
FIRST AMERN FINL CORP COM 31847r102 475 6,075 SH   SOLE 1 6,075 0 0
FIRST BANCORP P R COM NEW 318672706 14,314 1,038,750 SH   SOLE 1 1,038,750 0 0
FIRST BANCSHARES INC MS COM 318916103 624 16,150 SH   SOLE   16,150 0 0
FIRST HORIZON CORPORATION COM 320517105 11,289 691,280 SH   SOLE 1 691,280 0 0
FIVE STAR BANCORP COM 33830T103 476 15,858 SH   SOLE   15,858 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 475 16,146 SH   SOLE 1 16,146 0 0
GALLAGHER ARTHUR J & CO COM 363576109 19,584 115,425 SH   SOLE 1 115,425 0 0
GENERAL DYNAMICS CORP COM 369550108 6,802 32,630 SH   SOLE   32,630 0 0
GLOBE LIFE INC COM 37959E102 21,594 230,410 SH   SOLE 1 230,410 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100 3,475 234,152 SH   SOLE 1 234,152 0 0
HENRY SCHEIN INC COM 806407102 3,357 43,300 SH   SOLE 1 43,300 0 0
HESS CORP COM 42809H107 7,547 101,950 SH   SOLE 1 101,950 0 0
HOME DEPOT INC COM 437076102 10,551 25,424 SH   SOLE 1 25,424 0 0
HOMETRUST BANCSHARES INC COM 437872104 2,404 77,600 SH   SOLE 1 77,600 0 0
HOSTESS BRANDS INC CL A 44109J106 5,606 274,550 SH   SOLE 1 274,550 0 0
HOWARD HUGHES CORP COM 44267d107 16,233 159,495 SH   SOLE 1 159,495 0 0
INVESCO LTD SHS G491BT108 1,115 48,450 SH   SOLE 1 48,450 0 0
JOHNSON & JOHNSON COM 478160104 5,408 31,610 SH   SOLE   31,610 0 0
JPMORGAN CHASE & CO COM 46625H100 13,428 84,800 SH   SOLE   84,800 0 0
KAMAN CORP NOTE 3.250% 5/0 483548AF0 1,032 1,000,000 PRN   SOLE 1 1,000,000 0 0
KEMPER CORP COM 488401100 4,806 81,750 SH   SOLE 1 81,750 0 0
KEYCORP COM 493267108 21,587 933,300 SH   SOLE 1 933,300 0 0
KINROSS GOLD CORP COM 496902404 1,007 173,300 SH   SOLE 1 173,300 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 4,690 111,800 SH   SOLE 1 111,800 0 0
LEIDOS HOLDINGS INC COM 525327102 11,963 134,570 SH   SOLE 1 134,570 0 0
LIGAND PHARMACEUTICALS INC NOTE 0.750% 5/1 53220KAF5 697 700,000 PRN   SOLE 1 700,000 0 0
LITTELFUSE INC COM 537008104 18,503 58,800 SH   SOLE 1 58,800 0 0
LOUISIANA PAC CORP COM 546347105 703 8,970 SH   SOLE 1 8,970 0 0
MARSH & MCLENNAN COS INC COM 571748102 539 3,100 SH   SOLE   3,100 0 0
MEDTRONIC PLC SHS G5960L103 12,885 124,550 SH   SOLE 1 124,550 0 0
MERCK & CO INC COM 58933Y105 17,145 223,708 SH   SOLE 1 223,708 0 0
MICROSOFT CORP COM 594918104 6,970 20,725 SH   SOLE 1 20,725 0 0
MID PENN BANCORP INC COM 59540G107 662 20,850 SH   SOLE   20,850 0 0
MONDELEZ INTL INC CL A 609207105 12,678 191,191 SH   SOLE 1 191,191 0 0
MOOG INC CL A 615394202 3,870 47,800 SH   SOLE 1 47,800 0 0
NEWMONT CORP COM 651639106 5,143 82,920 SH   SOLE 1 82,920 0 0
NOODLES & CO COM CL A 65540B105 6,944 765,633 SH   SOLE 1 765,633 0 0
NUVASIVE INC COM 670704105 8,838 168,400 SH   SOLE 1 168,400 0 0
NUVASIVE INC NOTE 0.375% 3/1 670704AJ4 575 600,000 PRN   SOLE 1 600,000 0 0
ORACLE CORP COM 68389X105 6,574 75,380 SH   SOLE 1 75,380 0 0
ORIGIN BANCORP INC COM 68621T102 5,509 128,350 SH   SOLE 1 128,350 0 0
OTIS WORLDWIDE CORP COM 68902V107 6,050 69,490 SH   SOLE 1 69,490 0 0
PALO ALTO NETWORKS INC NOTE 0.750% 7/0 697435AD7 839 400,000 PRN   SOLE 1 400,000 0 0
PAYCHEX INC COM 704326107 6,818 49,950 SH   SOLE 1 49,950 0 0
PAYPAL HLDGS INC COM 70450y103 3,074 16,300 SH   SOLE   16,300 0 0
PCSB FINL CORP COM 69324R104 4,054 212,943 SH   SOLE 1 212,943 0 0
PENTAIR PLC SHS G7S00T104 9,707 132,920 SH   SOLE 1 132,920 0 0
PFIZER INC COM 717081103 9,522 161,250 SH   SOLE 1 161,250 0 0
PIONEER NAT RES CO COM 723787107 18,180 99,958 SH   SOLE 1 99,958 0 0
PJT PARTNERS INC COM CL A 69343T107 4,716 63,650 SH   SOLE   63,650 0 0
PNC FINL SVCS GROUP INC COM 693475105 10,962 54,670 SH   SOLE   54,670 0 0
PPG INDS INC COM 693506107 9,450 54,800 SH   SOLE   54,800 0 0
PRIMERICA INC COM 74164M108 9,884 64,490 SH   SOLE 1 64,490 0 0
PROCTER AND GAMBLE CO COM 742718109 5,612 34,310 SH   SOLE   34,310 0 0
PROGRESSIVE CORP COM 743315103 10,470 102,000 SH   SOLE   102,000 0 0
QCR HOLDINGS INC COM 74727A104 6,154 109,900 SH   SOLE 1 109,900 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101 5,687 66,080 SH   SOLE 1 66,080 0 0
RENAISSANCERE HLDGS LTD COM G7496G103 22,230 131,284 SH   SOLE 1 131,284 0 0
ROBERT HALF INTL INC COM 770323103 13,803 123,775 SH   SOLE 1 123,775 0 0
SCHLUMBERGER LTD COM STK 806857108 8,078 269,700 SH   SOLE 1 269,700 0 0
SENSATA TECHNOLOGIES HLDG PL SHS G8060N102 14,500 235,050 SH   SOLE 1 235,050 0 0
SMUCKER J M CO COM NEW 832696405 13,877 102,170 SH   SOLE 1 102,170 0 0
SOUTHSTATE CORPORATION COM 840441109 1,602 20,000 SH   SOLE 1 20,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 2,997 119,750 SH   SOLE 1 119,750 0 0
SYNOVUS FINL CORP COM NEW 87161C501 8,638 180,450 SH   SOLE 1 180,450 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 4,211 140,750 SH   SOLE 1 140,750 0 0
US BANCORP DEL COM NEW 902973304 17,855 317,870 SH   SOLE 1 317,870 0 0
VECTRUS INC COM 92242T101 4,404 96,230 SH   SOLE 1 96,230 0 0
VISHAY INTERTECHNOLOGY INC NOTE 2.250% 6/1 928298AP3 1,034 1,000,000 PRN   SOLE 1 1,000,000 0 0
VOYA FINANCIAL INC COM 929089100 13,249 199,800 SH   SOLE 1 199,800 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 343 6,580 SH   SOLE 1 6,580 0 0