| Biglari Hldgs Inc(BH) | CS | 08986R309 | $5.9M | 31,935 | 47.0% |
| Cisco SYS Inc COM(CSCO) | CS | 17275R102 | $5.3M | 122,805 | 42.4% |
| BIO RAD Labs Inc CL A(BIO) | CS | 090572207 | $1.0M | 3,609 | 8.4% |
| Baldwin & Lyons Inc CL B | CS | 057755209 | $24.8K | 1,016,574 | 0.2% |
| Berkshire Hathaway Class B(BRK/B) | CS | 084670702 | $22.5K | 120,697 | 0.2% |
| Amdocs LTD SHS(DOX) | CS | G02602103 | $22.0K | 332,326 | 0.2% |
| NET 1 Ueps Technologies Inc Co(LSAK) | CS | 64107N206 | $20.1K | 2,219,019 | 0.2% |
| Jefferies Finl Group Inc COM(JEF) | CS | 47233W109 | $15.4K | 677,750 | 0.1% |
| Discovery Inc COM SER C(DISCKUSD) | CS | 25470F302 | $15.3K | 599,831 | 0.1% |
| Western UN Co COM(WU) | CS | 959802109 | $14.5K | 715,279 | 0.1% |
| Oaktree Cap Group LLC Unit CL | CS | 674001201 | $13.9K | 342,411 | 0.1% |
| Amerisourcebergen Corp COM(COR) | CS | 03073E105 | $13.4K | 157,485 | 0.1% |
| Patterson UTI Energy Inc COM(PTEN) | CS | 703481101 | $12.3K | 682,315 | 0.1% |
| Teradata Corp del COM(TDC) | CS | 88076W103 | $12.0K | 297,779 | 0.1% |
| FRP Hldgs Inc COM(FRPH) | CS | 30292L107 | $10.9K | 168,671 | 0.1% |
| Western Digital Corp COM(WDC) | CS | 958102105 | $10.5K | 135,988 | 0.1% |
| Hallmark Finl Svcs Inc EC C | CS | 40624Q203 | $9.8K | 979,797 | 0.1% |
| Bank New York Mellon Corp COM(BK) | CS | 064058100 | $9.3K | 172,506 | 0.1% |
| Cheesecake Factory Inc COM(CAKE) | CS | 163072101 | $7.2K | 131,630 | 0.1% |
| Greenhill & Co Inc COM | CS | 395259104 | $7.2K | 254,780 | 0.1% |
| Consolidated Tomoka LD Co COM(CTOUSD) | CS | 210226106 | $4.9K | 78,998 | 0.0% |
| Ishares Gold Trust Ishares(IAUUSD) | CS | 464285105 | $4.4K | 365,845 | 0.0% |
| Apple Inc COM(AAPL) | CS | 037833100 | $3.5K | 18,943 | 0.0% |
| Biglari Hldgs Inc(BH/A) | CS | 08986R408 | $3.0K | 3,190 | 0.0% |
| Laboratory Corp Amer Hldgs COM | CS | 50540R409 | $2.5K | 13,746 | 0.0% |
| Crawford & Company(CRD/A) | CS | 224633206 | $2.3K | 264,704 | 0.0% |
| Consolidated Tomoka LD Co | CV | 210226AB2 | $2.2K | $2,125,000 | 0.0% |
| Telephone & Data SYS Inc COM N(TDS) | CS | 879433829 | $1.6K | 60,114 | 0.0% |
| Dollar GEN Corp New COM(DG) | CS | 256677105 | $1.6K | 16,365 | 0.0% |
| Donnelley Finl Solutions Inc C(DFIN) | CS | 25787G100 | $1.5K | 86,100 | 0.0% |
| Northern TR Corp COM(NTRS) | CS | 665859104 | $1.2K | 11,465 | 0.0% |
| Ishares Silver Trust Ishares(SLV) | CS | 46428Q109 | $942 | 62,165 | 0.0% |
| Tetra Tech Inc New COM(TTEK) | CS | 88162G103 | $903 | 15,440 | 0.0% |
| Syntel Inc COM | CS | 87162H103 | $873 | 27,200 | 0.0% |
| Omnicom Group Inc COM(OMC) | CS | 681919106 | $841 | 11,030 | 0.0% |
| Molson Coors Brewing Co CL B(TAP) | CS | 60871R209 | $730 | 10,730 | 0.0% |
| Verizon Communications Inc COM(VZ) | CS | 92343V104 | $556 | 11,060 | 0.0% |
| Ezcorp Inc | CV | 302301AB2 | $534 | $528,000 | 0.0% |
| Tapestry Inc COM(TPR) | CS | 876030107 | $505 | 10,810 | 0.0% |
| Cubic Corp COM(CUBUSD) | CS | 229669106 | $500 | 7,793 | 0.0% |
| Alamos Gold Inc New COM CL A(AGI) | CS | 011532108 | $361 | 63,380 | 0.0% |
| Kroger Co COM(KR) | CS | 501044101 | $340 | 11,945 | 0.0% |
| BIG Lots Inc COM(BIGGQ) | CS | 089302103 | $333 | 7,960 | 0.0% |
| Dollar Tree Inc COM(DLTR) | CS | 256746108 | $327 | 3,850 | 0.0% |