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
Balchem Corp. - Common Stock COM 057665200 41,274 318,131 SH   SOLE   318,131 0 0
Bel Fuse Inc. - Class A Common Stock CL A 077347201 504 23,434 SH   SOLE   23,434 0 0
Bel Fuse Inc. - Class B Common Stock CL B 077347300 1,052 67,634 SH   SOLE   67,634 0 0
Berkshire Hathaway Inc. Common Stock CL A 084670108 1,636 4 SH   SOLE   4 0 0
Black Knight Inc. - Common Stock COM 09215C105 186 2,852 SH   SOLE   2,852 0 0
Boeing Co. - Common Stock COM 097023105 684 5,000 SH   SOLE   5,000 0 0
Boston Omaha Corporation - Class A Common Stock CL A 101044105 2,770 134,155 SH   SOLE   134,155 0 0
Broadridge Financial Solutions, Inc. - Common Stock COM 11133T103 5,815 40,793 SH   SOLE   40,793 0 0
Chase Corporation - Common Stock COM 16150R104 827 10,626 SH   SOLE   10,626 0 0
Dolby Laboratories - Common Stock COM 25659T107 621 8,679 SH   SOLE   8,679 0 0
First Horizon National Corp. - Common Stock COM 320517105 2,236 102,296 SH   SOLE   102,296 0 0
Flushing Financial Corporation - Common Stock COM 343873105 462 21,745 SH   SOLE   21,745 0 0
Franco-Nevada Corporation - Common Stock COM 351858105 1,405 10,676 SH   SOLE   10,676 0 0
Garmin Ltd. - Common Stock COM H2906T109 4,004 40,755 SH   SOLE   40,755 0 0
Lixte Biotechnology Holdings Inc. - Common Stock COM 539319202 124 166,667 SH   SOLE   166,667 0 0
Mastercard Incorporated - Common Stock COM 57636Q104 36,965 117,170 SH   SOLE   117,170 0 0
Metropolitan Bank Holding Corp. - Common Stock COM 591774104 542 7,811 SH   SOLE   7,811 0 0
Psychemedics Corp. - Common Stock COM 744375205 127 20,000 SH   SOLE   20,000 0 0
Simulations Plus, Inc. - Common Stock COM 829214105 1,411 28,596 SH   SOLE   28,596 0 0
Tejon Ranch Co. - Common Stock COM 879080109 2,696 173,701 SH   SOLE   173,701 0 0
Texas Pacific Land Corp. - Common Stock COM 882610108 27,234 18,302 SH   SOLE   18,302 0 0
Virtus Investment Partners, Inc. - Common Stock COM 92828Q109 1,039 6,076 SH   SOLE   6,076 0 0