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
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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
Laboratory Corporation of America Hldgs Equity 50540r409 42,039 223,292 SH   SOLE   0 0 223,292
Equity Lifestyle Properties Inc. Equity 29472r108 22,465 365,039 SH   SOLE   0 0 365,039
Apple Inc. Equity 037833100 22,275 192,344 SH   SOLE   0 0 192,344
Lamar Advertising Co. Equity 512815101 22,203 335,550 SH   SOLE   0 0 335,550
Casey's General Stores, Inc. Equity 147528103 20,355 114,580 SH   SOLE   0 0 114,580
Sun Communities UserDef 866674104 20,101 142,956 SH   SOLE   0 0 142,956
Johnson & Johnson Equity 478160104 17,182 115,410 SH   SOLE   0 0 115,410
Kansas City Southern Equity 485170302 16,768 92,575 SH   SOLE   0 0 92,575
The Chubb Group Equity 171232101 16,619 142,420 SH   SOLE   0 0 142,420
Berkshire Hathaway, Inc. - Class B Equity 084670702 14,370 67,484 SH   SOLE   0 0 67,484
First Horizon Natl Equity 320517105 13,647 1,430,435 SH   SOLE   0 0 1,430,435
Weyerhaeuser Co. Equity 962166104 10,768 377,555 SH   SOLE   0 0 377,555
Check Point Software Technologies Equity m22465104 10,425 86,630 SH   SOLE   0 0 86,630
Schwab (Charles) Corp. Equity 808513105 10,161 280,465 SH   SOLE   0 0 280,465
F5 Networks Inc. Equity 315616102 9,132 74,385 SH   SOLE   0 0 74,385
Graphic Packaging Holding Co Equity 388689101 8,910 630,100 SH   SOLE   0 0 630,100
Marcus & Millichap Equity 566324109 8,555 310,875 SH   SOLE   0 0 310,875
Citizens Financial Group Equity 174610105 7,682 303,882 SH   SOLE   0 0 303,882
Home Bancshares Equity 436893200 7,231 476,950 SH   SOLE   0 0 476,950
Jones Lang LaSalle Equity 48020Q107 7,122 74,447 SH   SOLE   0 0 74,447
Cerner Corp. Equity 156782104 6,535 90,235 SH   SOLE   0 0 90,235
Potlatch Corp. Equity 737630103 5,884 139,760 SH   SOLE   0 0 139,760
Axis Capital Hldg Lt Equity G0692U109 5,522 124,540 SH   SOLE   0 0 124,540
Pinnacle Finl Partners Inc Equity 72346Q104 4,681 131,514 SH   SOLE   0 0 131,514
Cedar Fair -L.P. Equity 150185106 3,938 140,294 SH   SOLE   0 0 140,294
Synovus Financial Corp Equity 87161C501 3,819 178,865 SH   SOLE   0 0 178,865
Ball Corp. Equity 058498106 3,325 40,000 SH   SOLE   0 0 40,000
Kroger Co. Equity 501044101 3,204 94,500 SH   SOLE   0 0 94,500
1/100 Berkshire Htwy Cla Equity 084990175 1,000 1,000 PRN   SOLE   0 0 1,000
First Community Corp Equity 319835104 3,128 229,525 SH   SOLE   0 0 229,525
CCB Financial Corp. Equity 124875105 3,049 248,900 SH   SOLE   0 0 248,900
Analog Devices, Inc. Equity 032654105 2,937 25,155 SH   SOLE   0 0 25,155
Cohen & Steers Inc Equity 19247A100 2,535 45,475 SH   SOLE   0 0 45,475
Stryker Corp. Equity 863667101 2,468 11,845 SH   SOLE   0 0 11,845
Thermo Fisher Scientific Inc Equity 883556102 2,208 5,000 SH   SOLE   0 0 5,000
Omnicell, Inc. Equity 68213n109 2,139 28,650 SH   SOLE   0 0 28,650
Irish Continental Group PLC Equity G49406179 1,488 408,141 SH   SOLE   0 0 408,141
Costco Wholesale Corporation Equity 22160k105 1,420 4,000 SH   SOLE   0 0 4,000
Telesites Sab De C Ordf Equity P90355135 1,381 1,528,000 SH   SOLE   0 0 1,528,000
iSHARES S&P 500 Index Equity 464287200 1,243 3,700 SH   SOLE   0 0 3,700
Thermon Group Hldgs Equity 88362T103 1,107 98,575 SH   SOLE   0 0 98,575
Henry Schein Inc. Equity 806407102 1,105 18,800 SH   SOLE   0 0 18,800
Google Inc. Equity 38259p508 1,029 700 SH   SOLE   0 0 700
CSX Corp. Equity 126408103 932 12,000 SH   SOLE   0 0 12,000
Alphabet Inc Equity 02079K305 828 565 SH   SOLE   0 0 565
Sunstone Hotel Invts UserDef 867892101 805 101,400 SH   SOLE   0 0 101,400
Kaisar Aluminum Corp Equity 483007704 804 15,000 SH   SOLE   0 0 15,000
Donaldson Company Inc. Equity 257651109 783 16,865 SH   SOLE   0 0 16,865
Sa Des Ciments Vic Ordf Equity F18060107 719 21,480 SH   SOLE   0 0 21,480
Banner Corporation Equity 06652V208 582 18,050 SH   SOLE   0 0 18,050
Calavo Growers, Inc. Equity 128246105 574 8,669 SH   SOLE   0 0 8,669
Microsoft Corp. Equity 594918104 566 2,690 SH   SOLE   0 0 2,690
Dentsply International Inc. Equity 249030107 547 12,500 SH   SOLE   0 0 12,500
Canadian Tire Ltd Equity 136681202 504 5,000 SH   SOLE   0 0 5,000
Euronet Worldwide Equity 298736109 501 5,500 SH   SOLE   0 0 5,500
Hormel Foods Corp. Equity 440452100 489 10,000 SH   SOLE   0 0 10,000
Walgreens Boots Allianc Equity 931427108 417 11,600 SH   SOLE   0 0 11,600
iShares Silver Trust Equity 46428q109 396 18,300 SH   SOLE   0 0 18,300
Fifth Third Bancorp. Equity 316773100 384 18,000 SH   SOLE   0 0 18,000
Reliant Bancorp Inc Equity 75956B101 351 24,200 SH   SOLE   0 0 24,200
Evans Bancorp Inc Equity 29911Q208 342 15,000 SH   SOLE   0 0 15,000
Alibaba Group Holding Equity 01609W102 323 1,100 SH   SOLE   0 0 1,100
Cabot Microelectron Equity 12709P103 288 2,020 SH   SOLE   0 0 2,020
Americold Realty TRUST UserDef 03064D108 263 7,350 SH   SOLE   0 0 7,350
FedEx Corporation Equity 31428x106 258 1,025 SH   SOLE   0 0 1,025
Nanophase Technologies Corp Equity 630079101 243 392,416 SH   SOLE   0 0 392,416
Holly Energy Partner Lp UserDef 435763107 243 20,000 SH   SOLE   0 0 20,000
Cadence Bancorp Equity 12739A100 241 28,000 SH   SOLE   0 0 28,000
Wolverine World Wide, Inc. Equity 978097103 237 9,150 SH   SOLE   0 0 9,150
Universal Health Realty Income Trust Equity 913903100 225 3,950 SH   SOLE   0 0 3,950
PowerShares Water Resource Portfolio Equity 73935X575 220 5,550 SH   SOLE   0 0 5,550
SPDR Gold Trust Equity 78463v107 213 1,200 SH   SOLE   0 0 1,200
Landmark Infrastruct Lp UserDef 51508J108 185 20,409 SH   SOLE   0 0 20,409
Royce Micro-Cap Tr Inc Com Equity 780915104 171 22,351 SH   SOLE   0 0 22,351
Aberdeen Emrg Mkts Equity 00301W105 98 15,087 SH   SOLE   0 0 15,087
Tradeshow Marketing Co. Equity 892652108 0 27,900 SH   SOLE   0 0 27,900
RMR Real Estate Fd Fractional Shares Equity HGK70B105 0 174,077 SH   SOLE   0 0 174,077
UFood Restaurant Group Inc. Equity 903508109 0 11,000 SH   SOLE   0 0 11,000