| Cisco SYS Inc COM(CSCO) | CS | 17275R102 | $3.6M | 82,800 | 47.9% |
| Biglari Hldgs Inc(BH) | CS | 08986R309 | $2.9M | 25,959 | 39.4% |
| BIO RAD Labs Inc CL A(BIO) | CS | 090572207 | $778.0K | 3,349 | 10.4% |
| Protective INS Corp CL B(PTVCB) | CS | 74368L203 | $15.2K | 913,508 | 0.2% |
| Berkshire Hathaway Class B(BRK/B) | CS | 084670702 | $12.6K | 61,907 | 0.2% |
| Amdocs LTD SHS(DOX) | CS | G02602103 | $11.0K | 187,992 | 0.1% |
| Hallmark Finl Svcs Inc EC C | CS | 40624Q203 | $10.4K | 975,810 | 0.1% |
| NET 1 Ueps Technologies Inc Co(LSAK) | CS | 64107N206 | $9.7K | 2,070,665 | 0.1% |
| Amerisourcebergen Corp COM(COR) | CS | 03073E105 | $8.0K | 107,295 | 0.1% |
| Teradata Corp del COM(TDC) | CS | 88076W103 | $7.8K | 204,529 | 0.1% |
| Oaktree Cap Group LLC Unit CL | CS | 674001201 | $7.1K | 177,564 | 0.1% |
| Dollar Tree Inc COM(DLTR) | CS | 256746108 | $6.9K | 76,475 | 0.1% |
| Bank New York Mellon Corp COM(BK) | CS | 064058100 | $6.7K | 141,564 | 0.1% |
| Western UN Co COM(WU) | CS | 959802109 | $6.4K | 373,206 | 0.1% |
| Madison Square Garden Co New C(MSGS) | CS | 55825T103 | $6.3K | 23,712 | 0.1% |
| FRP Hldgs Inc COM(FRPH) | CS | 30292L107 | $5.4K | 116,615 | 0.1% |
| Jefferies Finl Group Inc COM(JEF) | CS | 47233W109 | $5.4K | 308,635 | 0.1% |
| Cheesecake Factory Inc COM(CAKE) | CS | 163072101 | $5.2K | 118,600 | 0.1% |
| Skechers U S A Inc CL A(SKAA) | CS | 830566105 | $4.4K | 191,180 | 0.1% |
| Ishares Gold Trust Ishares(IAUUSD) | CS | 464285105 | $4.1K | 336,500 | 0.1% |
| Consolidated Tomoka LD Co COM(CTOUSD) | CS | 210226106 | $4.1K | 78,185 | 0.1% |
| Wyndham Destinations Inc COM | CS | 98310W108 | $3.7K | 104,555 | 0.1% |
| Twitter Inc | CV | 90184LAB8 | $3.4K | $3,500,000 | 0.0% |
| Apple Inc COM(AAPL) | CS | 037833100 | $3.2K | 20,198 | 0.0% |
| Sykes Enterprises Inc COM | CS | 871237103 | $2.8K | 112,593 | 0.0% |
| Greenhill & Co Inc COM | CS | 395259104 | $2.6K | 106,428 | 0.0% |
| Cabot Oil & Gas Corp COM(CTRA) | CS | 127097103 | $2.4K | 107,315 | 0.0% |
| Crawford & Company(CRD/A) | CS | 224633206 | $2.3K | 259,705 | 0.0% |
| Consolidated Tomoka LD Co | CV | 210226AB2 | $2.1K | $2,125,000 | 0.0% |
| Donnelley Finl Solutions Inc C(DFIN) | CS | 25787G100 | $2.0K | 143,001 | 0.0% |
| Laboratory Corp Amer Hldgs COM | CS | 50540R409 | $1.9K | 14,641 | 0.0% |
| Ishares Silver Trust Ishares(SLV) | CS | 46428Q109 | $1.8K | 125,495 | 0.0% |
| Dollar GEN Corp New COM(DG) | CS | 256677105 | $1.5K | 14,315 | 0.0% |
| Discovery Inc COM SER C(DISCKUSD) | CS | 25470F302 | $1.1K | 49,162 | 0.0% |
| Party City Holdco Inc COM(PRTY1EUR) | CS | 702149105 | $818 | 81,985 | 0.0% |
| Northern TR Corp COM(NTRS) | CS | 665859104 | $804 | 9,615 | 0.0% |
| Crawford & Co CL B(CRD/B) | CS | 224633107 | $702 | 77,994 | 0.0% |
| Omnicom Group Inc COM(OMC) | CS | 681919106 | $558 | 7,620 | 0.0% |
| Molson Coors Brewing Co CL B(TAP) | CS | 60871R209 | $536 | 9,540 | 0.0% |
| Ezcorp Inc | CV | 302301AB2 | $514 | $528,000 | 0.0% |
| Kroger Co COM(KR) | CS | 501044101 | $485 | 17,630 | 0.0% |
| Tetra Tech Inc New COM(TTEK) | CS | 88162G103 | $465 | 8,975 | 0.0% |
| Cubic Corp COM(CUBUSD) | CS | 229669106 | $423 | 7,878 | 0.0% |
| Alamos Gold Inc New COM CL A(AGI) | CS | 011532108 | $375 | 104,235 | 0.0% |
| Biglari Hldgs Inc(BH/A) | CS | 08986R408 | $338 | 575 | 0.0% |
| Western Digital Corp COM(WDC) | CS | 958102105 | $264 | 7,152 | 0.0% |
| Tapestry Inc COM(TPR) | CS | 876030107 | $213 | 6,300 | 0.0% |