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
ALAMOS GOLD INCORPOR F CLASS A CS 011532108 787 115,115 SH   SOLE   115,115 0 0
AMDOCS LTD SHS CS G02602103 12,485 214,341 SH   SOLE   214,341 0 0
APPLE INC COM CS 037833100 2,334 20,154 SH   SOLE   20,154 0 0
BALDWIN & LYONS INC CLASS B CS 057755209 7,073 280,677 SH   SOLE   280,677 0 0
BANK NEW YORK MELLON CORP COM CS 064058100 8,485 179,092 SH   SOLE   179,092 0 0
BERKSHIRE HATHAWAY CLASS B CS 084670702 18,927 116,132 SH   SOLE   116,132 0 0
BIO RAD LABS INC CL A CS 090572207 6,316 34,649 SH   SOLE   34,649 0 0
CISCO SYS INC COM CS 17275R102 3,870 128,045 SH   SOLE   128,045 0 0
COACH INC COM CS 189754104 5,658 161,570 SH   SOLE   161,570 0 0
CONTANGO OIL & GAS COMPANY COM CS 21075N204 502 53,785 SH   SOLE   53,785 0 0
CUBIC CORP COM CS 229669106 10,460 218,136 SH   SOLE   218,136 0 0
DOLLAR GEN CORP NEW COM CS 256677105 474 6,400 SH   SOLE   6,400 0 0
DOMINION DIAMOND CO F CS 257287102 14,246 1,471,709 SH   SOLE   1,471,709 0 0
EXPRESS SCRIPTS HLDG CO COM CS 30219G108 5,983 86,970 SH   SOLE   86,970 0 0
FRP HLDGS INC COM CS 30292L107 924 24,506 SH   SOLE   24,506 0 0
ISHARES GOLD TRUST ISHARES CS 464285105 4,685 422,860 SH   SOLE   422,860 0 0
ISHARES SILVER TRUST ISHARES CS 46428Q109 317 20,960 SH   SOLE   20,960 0 0
LABORATORY CORP AMER HLDGS COM CS 50540R409 1,476 11,501 SH   SOLE   11,501 0 0
LEUCADIA NATL CORP COM CS 527288104 15,654 673,275 SH   SOLE   673,275 0 0
LIBERTY MEDIA CORP DELAWARE CO CS 531229888 303 14,700 SH   SOLE   14,700 0 0
MATTEL INC COM CS 577081102 2,485 90,195 SH   SOLE   90,195 0 0
NORTHERN TR CORP COM CS 665859104 1,618 18,170 SH   SOLE   18,170 0 0
OAKTREE CAP GROUP LLC UNIT CL CS 674001201 10,162 270,976 SH   SOLE   270,976 0 0
PATTERSON UTI ENERGY CS 703481101 13,903 516,450 SH   SOLE   516,450 0 0
PRIMERO MNG CORP COM CS 74164W106 79 100,000 SH   SOLE   100,000 0 0
SYNTEL INC COM CS 87162H103 7,079 357,700 SH   SOLE   357,700 0 0
TELEPHONE & DATA SYS CS 879433829 1,234 42,734 SH   SOLE   42,734 0 0
TERADATA CORP DEL COM CS 88076W103 15,791 581,210 SH   SOLE   581,210 0 0
TETRA TECH INC NEW COM CS 88162G103 12,160 281,806 SH   SOLE   281,806 0 0
VERIZON COMMUNICATIONS INC COM CS 92343V104 9,903 185,515 SH   SOLE   185,515 0 0
WESTERN DIGITAL CORP CS 958102105 16,109 237,073 SH   SOLE   237,073 0 0
WESTERN UN CO COM CS 959802109 10,288 473,674 SH   SOLE   473,674 0 0
EZCORP INC CV 302301ab2 5,266 5,464,000 PRN   SOLE   5,464,000 0 0