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
Ambassadors Group Inc. Common 023177108 5,481 1,189,000 SH   SOLE   1,189,000 0 0
American International Group Common 026874784 3,278 60,050 SH   SOLE   60,050 0 0
American Public Education, Inc. Common 02913V103 2,193 63,799 SH   SOLE   63,799 0 0
Apple Computer Inc. Common 037833100 2,602 28,000 SH   SOLE   28,000 0 0
Atlas Financial Holdings Inc. Common G06207115 5,433 358,381 SH   SOLE   358,381 0 0
Berkshire Hills Bancorp Inc Common 084680107 1,306 56,243 SH   SOLE   56,243 0 0
Body Central Corp Common 09689U102 1,248 1,407,700 SH   SOLE   1,407,700 0 0
Capitol Fed Financing Inc. Common 14057J101 1,813 149,055 SH   SOLE   149,055 0 0
Carpetright PLC Foreign 0177294GB 2,102 245,800 SH   SOLE   245,800 0 0
Franklin Covey Co Common 353469109 3,037 150,866 SH   SOLE   150,866 0 0
Intralinks Holdings, Inc. Common 46118H104 5,921 665,995 SH   SOLE   665,995 0 0
Learning Tree International Inc. Common 522015106 1,238 483,778 SH   SOLE   483,778 0 0
Markel Corp Common 570535104 7,999 12,200 SH   SOLE   12,200 0 0
Mastercard Inc. Common 57636Q104 2,225 30,290 SH   SOLE   30,290 0 0
National American University Holdings Common 63245Q105 2,627 853,073 SH   SOLE   853,073 0 0
News Corp / New Class A Common 65249B109 2,386 133,000 SH   SOLE   133,000 0 0
Quicksilver Inc. Common 74838C106 1,392 388,949 SH   SOLE   388,949 0 0