| 3m Co (MMM) |
US |
MMM |
Diversified Manufa ... |
60,000 |
$4,350,000 |
$-27,600 |
-0.63 % |
No Change |
- |
- |
- |
| Accenture (XET.BE) |
FR |
XET.BE |
Consulting Service ... |
10,000 |
$401,800 |
$-3,500 |
-0.86 % |
Sold Some |
-20,000 |
-66.66 |
$7,000 |
| Aflac Inc (AFL) |
US |
AFL |
Life/Health Insura ... |
205,000 |
$11,777,250 |
$514,550 |
4.56 % |
Added More |
175,000 |
583.33 |
$439,250 |
| Alleghany Corp (AGA.BE) |
US |
AGA.BE |
Property/Casualty ... |
4,080 |
$1,289,974 |
$58,466 |
4.74 % |
No Change |
- |
- |
- |
| Allied Cap Corp (ALD) |
US |
ALD |
Investment Compani ... |
234,699 |
$3,466,504 |
$239,393 |
7.41 % |
Sold Some |
-145,616 |
-38.28 |
$-148,528 |
| Altria Group Inc (MO) |
US |
MO |
Tobacco |
116,700 |
$2,455,368 |
$-59,517 |
-2.36 % |
No Change |
- |
- |
- |
| American Express Co (AXP) |
US |
AXP |
Finance-Credit Car ... |
10,000 |
$403,900 |
$35,000 |
9.48 % |
No Change |
- |
- |
- |
| American Intl Group Inc (AIG) |
US |
AIG |
Multi-Line Insuran ... |
None |
- |
- |
- % |
Sold All |
-20,000 |
-100.00 |
$10,800 |
| Anheuser Busch Cos Inc (ABC.BE) |
US |
ABC.BE |
Brewery |
None |
- |
- |
- % |
Sold All |
-20,000 |
-100.00 |
$3,000 |
| Automatic Data Processing Inc (ADP) |
US |
ADP |
Commercial Serv-Fi ... |
306,600 |
$13,775,538 |
$-21,462 |
-0.15 % |
No Change |
- |
- |
- |
| Bank Amer Corp (BAC) |
US |
BAC |
Super-Regional Ban ... |
525,000 |
$16,500,750 |
$1,349,250 |
8.90 % |
No Change |
- |
- |
- |
| Bank New York Mellon Corp (BN9.BE) |
US |
BN9.BE |
- |
33,019 |
$1,106,797 |
$-67,359 |
-5.73 % |
No Change |
- |
- |
- |
| Berkshire Hathaway Inc (BRH.BE) |
US |
BRH.BE |
Reinsurance |
105 |
$11,995,369 |
$84,496 |
0.70 % |
No Change |
- |
- |
- |
| Bp Plc (BP) |
DE |
BP |
Oil Comp-Integrate ... |
11,548 |
$665,511 |
$-22,403 |
-3.25 % |
New Holding |
11,548 |
100.00 |
$-22,403 |
| Brookfield Asset Mgmt Inc (BAM) |
CA |
BAM |
Real Estate Oper/D ... |
237,205 |
$7,457,725 |
$173,160 |
2.37 % |
Added More |
30,000 |
14.47 |
$21,900 |
| Brookfield Infrastructurepartners ... (BIP) |
BM |
BIP |
Electric-Distribut ... |
7,288 |
$130,382 |
$-73 |
-0.05 % |
No Change |
- |
- |
- |
| Brown And Brown Inc (BRO) |
US |
BRO |
Insurance Brokers |
365,628 |
$7,367,404 |
$552,098 |
8.10 % |
No Change |
- |
- |
- |
| Brown Forman Corp (BF5A.BE) |
US |
BF5A.BE |
Beverages-Wine/Spi ... |
283,860 |
$21,658,518 |
$184,509 |
0.85 % |
No Change |
- |
- |
- |
| Carmax Inc (KMX) |
US |
KMX |
Retail-Automobile |
160,000 |
$2,400,000 |
$12,800 |
0.53 % |
No Change |
- |
- |
- |
| Caterpillar Inc (CAT1.BE) |
US |
CAT1.BE |
Machinery-Constr&M ... |
135,000 |
$9,304,200 |
$-40,500 |
-0.43 % |
No Change |
- |
- |
- |
| Cb Richard Ellis Group Inc (RF6.BE) |
US |
RF6.BE |
Real Estate Mgmnt/ ... |
50,000 |
$638,500 |
$-91,500 |
-12.53 % |
No Change |
- |
- |
- |
| Cincinnati Finl Corp (CINF) |
US |
CINF |
Multi-Line Insuran ... |
300,906 |
$8,879,736 |
$616,857 |
7.46 % |
Sold Some |
-135,330 |
-31.02 |
$-277,427 |
| Cintas Corp (CTAS) |
US |
CTAS |
Linen Supply&Rel I ... |
40,000 |
$1,255,200 |
$36,400 |
2.98 % |
No Change |
- |
- |
- |
| Citigroup Inc (C) |
US |
C |
Finance-Invest Bnk ... |
205,500 |
$3,920,940 |
$260,985 |
7.13 % |
Added More |
500 |
0.24 |
$635 |
| Cohen And Steers Inc (CNS) |
US |
CNS |
Invest Mgmnt/Advis ... |
95,800 |
$2,821,310 |
$308,476 |
12.27 % |
Added More |
30,000 |
45.59 |
$96,600 |
| Comcast Corp (CCT) |
US |
CCT |
- |
557,500 |
$13,285,225 |
$44,600 |
0.33 % |
No Change |
- |
- |
- |
| Corus Bankshares Inc (CORS) |
US |
CORS |
Commer Banks-Centr ... |
197,000 |
$788,000 |
$-112,290 |
-12.47 % |
Sold Some |
-120,000 |
-37.85 |
$68,400 |
| Costco Whsl Corp (COST) |
US |
COST |
Retail-Discount |
5,000 |
$339,050 |
$4,300 |
1.28 % |
New Holding |
5,000 |
100.00 |
$4,300 |
| Disney Walt Co (DIS) |
US |
DIS |
Multimedia |
25,000 |
$814,750 |
$21,250 |
2.67 % |
Sold Some |
-99,175 |
-79.86 |
$-84,299 |
| Emerson Elec Co (EMR) |
US |
EMR |
Electric Products- ... |
159,300 |
$7,576,308 |
$-254,880 |
-3.25 % |
Added More |
61,000 |
62.05 |
$-97,600 |
| Enterprise Gp Hldgs L P (EPE) |
US |
EPE |
Pipelines |
65,500 |
$1,930,285 |
$102,835 |
5.62 % |
New Holding |
65,500 |
100.00 |
$102,835 |
| Fairfax Financial Holdings Ltd (FFH) |
CA |
FFH |
Multi-Line Insuran ... |
279,459 |
$60,681,727 |
$-3,227,751 |
-5.05 % |
No Change |
- |
- |
- |
| Federated Invs Inc Pa (FII) |
US |
FII |
Invest Mgmnt/Advis ... |
10,000 |
$339,500 |
$38,800 |
12.90 % |
No Change |
- |
- |
- |
| Fidelity Natl Finl Inc (FNF) |
US |
FNF |
Property/Casualty ... |
1,000,000 |
$14,310,000 |
$1,320,000 |
10.16 % |
No Change |
- |
- |
- |
| Forest City Enterprises Inc (FCYA.BE) |
US |
FCYA.BE |
Real Estate Oper/D ... |
812,467 |
$22,529,710 |
$24,374 |
0.10 % |
No Change |
- |
- |
- |
| Fortune Brands Inc (FO) |
US |
FO |
Consumer Products- ... |
25,000 |
$1,498,250 |
$-6,250 |
-0.41 % |
No Change |
- |
- |
- |
| Friedman Billings Ramsey Groupinc (FRM.BE) |
US |
FRM.BE |
Finance-Invest Bnk ... |
140,000 |
$257,600 |
$-12,600 |
-4.66 % |
Sold Some |
-75,000 |
-34.88 |
$6,750 |
| General Dynamics Corp (GD) |
US |
GD |
Aerospace/Defense |
394,409 |
$37,078,390 |
$216,925 |
0.58 % |
Added More |
2 |
0.00 |
$1 |
| General Elec Co (GE) |
US |
GE |
Diversified Manufa ... |
455,000 |
$13,117,650 |
$-218,400 |
-1.63 % |
No Change |
- |
- |
- |
| Goldman Sachs Group Inc (GS) |
US |
GS |
Finance-Invest Bnk ... |
10,000 |
$1,618,300 |
$-30,700 |
-1.86 % |
No Change |
- |
- |
- |
| Home Depot Inc (HD) |
US |
HD |
Retail-Building Pr ... |
20,000 |
$548,400 |
$18,000 |
3.39 % |
No Change |
- |
- |
- |
| Illinois Tool Wks Inc (ITW) |
US |
ITW |
Diversified Manufa ... |
210,000 |
$10,460,100 |
$178,500 |
1.73 % |
No Change |
- |
- |
- |
| Intel Corp (INTC) |
US |
INTC |
Electronic Compo-S ... |
60,000 |
$1,415,400 |
$-31,800 |
-2.19 % |
No Change |
- |
- |
- |
| International Business Machines C ... (IBM) |
US |
IBM |
Computers |
10,000 |
$1,245,800 |
$-12,200 |
-0.96 % |
No Change |
- |
- |
- |
| International Game Technology (IGT) |
US |
IGT |
Casino Services |
250,000 |
$5,427,500 |
$-262,500 |
-4.61 % |
No Change |
- |
- |
- |
| International Speedway Corp (ISCA) |
US |
ISCA |
Racetracks |
None |
- |
- |
- % |
Sold All |
-58,650 |
-100.00 |
$-42,815 |
| Investors Title Co Nc (ITIC) |
US |
ITIC |
Property/Casualty ... |
229,350 |
$9,976,725 |
$-1,032,075 |
-9.37 % |
Sold Some |
-600 |
-0.26 |
$2,700 |
| Johnson And Johnson (JNJ) |
US |
JNJ |
Medical Products |
75,000 |
$5,355,750 |
$15,750 |
0.29 % |
No Change |
- |
- |
- |
| Landamerica Finl Group Inc (LFG) |
US |
LFG |
Property/Casualty ... |
1,280,500 |
$22,780,095 |
$5,096,390 |
28.81 % |
Added More |
350,000 |
37.61 |
$1,393,000 |
| Leucadia Natl Corp (LUK) |
US |
LUK |
Diversified Operat ... |
75,000 |
$3,488,250 |
$220,500 |
6.74 % |
No Change |
- |
- |
- |
| Lowes Cos Inc (LOW) |
US |
LOW |
Retail-Building Pr ... |
95,000 |
$2,365,500 |
$172,900 |
7.88 % |
No Change |
- |
- |
- |
| Manpower Inc Wis (MAN) |
US |
MAN |
Human Resources |
7,000 |
$342,160 |
$-17,010 |
-4.73 % |
New Holding |
7,000 |
100.00 |
$-17,010 |
| Marriott Intl Inc (MAR) |
US |
MAR |
Hotels&Motels |
175,000 |
$4,942,000 |
$22,750 |
0.46 % |
Added More |
20,000 |
12.90 |
$2,600 |
| Marsh And Mclennan Cos Inc (MMC) |
US |
MMC |
Insurance Brokers |
50,000 |
$1,617,500 |
$86,000 |
5.61 % |
Sold Some |
-10,000 |
-16.66 |
$-17,200 |
| Mcgraw Hill Companies (MHP) |
FR |
MHP |
Multimedia |
340,800 |
$15,070,176 |
$323,760 |
2.19 % |
Sold Some |
-120,000 |
-26.04 |
$-114,000 |
| Meadowbrook Ins Group Inc (MIG) |
US |
MIG |
Property/Casualty ... |
130,000 |
$895,700 |
$32,500 |
3.76 % |
Sold Some |
-161,300 |
-55.37 |
$-40,325 |
| Microsoft Corp (MSFT) |
US |
MSFT |
Applications Softw ... |
8,290 |
$231,623 |
$249 |
0.10 % |
Sold Some |
-500 |
-5.68 |
$-15 |
| Nike Inc (NKE.BE) |
US |
NKE.BE |
Athletic Footwear |
50,200 |
$2,966,820 |
$-130,018 |
-4.19 % |
New Holding |
50,200 |
100.00 |
$-130,018 |
| Northern Tr Corp (NTRS) |
US |
NTRS |
Fiduciary Banks |
20,000 |
$1,632,000 |
$105,000 |
6.87 % |
No Change |
- |
- |
- |
| Nustar Gp Hldgs Llc (VL2.F) |
US |
VL2.F |
Pipelines |
90,000 |
$1,721,700 |
$79,200 |
4.82 % |
Added More |
10,000 |
12.50 |
$8,800 |
| Pepsico Inc (PEP) |
US |
PEP |
Beverages-Non-Alco ... |
33,500 |
$2,317,865 |
$-18,425 |
-0.78 % |
No Change |
- |
- |
- |
| Plum Creek Timber Co Inc (PCL) |
US |
PCL |
Forestry |
356,000 |
$18,188,040 |
$1,253,120 |
7.39 % |
Added More |
300 |
0.08 |
$1,056 |
| Price T Rowe Group Inc (TROW) |
US |
TROW |
Invest Mgmnt/Advis ... |
11,000 |
$660,000 |
$20,460 |
3.19 % |
No Change |
- |
- |
- |
| Progressive Corp Oh (PGR) |
US |
PGR |
Property/Casualty ... |
46,516 |
$860,546 |
$2,791 |
0.32 % |
No Change |
- |
- |
- |
| Rli (RLI) |
BE |
RLI |
Property/Casualty ... |
623,841 |
$35,583,891 |
$374,305 |
1.06 % |
Sold Some |
-6,072 |
-0.96 |
$-3,643 |
| Schwab Charles Corp (SCHW) |
US |
SCHW |
Finance-Invest Bnk ... |
55,000 |
$1,345,300 |
$130,900 |
10.77 % |
No Change |
- |
- |
- |
| State Str Corp (STT) |
US |
STT |
Fiduciary Banks |
40,400 |
$2,766,592 |
$71,508 |
2.65 % |
No Change |
- |
- |
- |
| Sysco Corporation (SYY) |
US |
SYY |
Food-Wholesale/Dis ... |
85,000 |
$2,717,450 |
$37,400 |
1.39 % |
No Change |
- |
- |
- |
| United Parcel Svc Inc (UPS) |
US |
UPS |
Transport-Services |
280,000 |
$18,116,000 |
$28,000 |
0.15 % |
No Change |
- |
- |
- |
| Valley Natl Bancorp (VLY) |
US |
VLY |
Commer Banks-Easte ... |
29,641 |
$596,081 |
$-19,563 |
-3.17 % |
Sold Some |
-96,966 |
-76.58 |
$63,998 |
| W P Carey And Co Llc (WPC) |
US |
WPC |
Real Estate Mgmnt/ ... |
860,000 |
$26,393,400 |
$679,400 |
2.64 % |
Sold Some |
-89,400 |
-9.41 |
$-70,626 |
| Wachovia Corp (WB) |
US |
WB |
Super-Regional Ban ... |
None |
- |
- |
- % |
Sold All |
-12,797 |
-100.00 |
$-15,100 |
| Wal Mart Stores Inc (WMT) |
US |
WMT |
Retail-Discount |
70,000 |
$4,191,600 |
$140,000 |
3.45 % |
No Change |
- |
- |
- |
| Walgreen Co (WAG) |
US |
WAG |
Retail-Drug Store |
35,000 |
$1,278,200 |
$-13,650 |
-1.05 % |
No Change |
- |
- |
- |
| Washington Post Co (WPO) |
US |
WPO |
Publishing-Newspap ... |
5,425 |
$3,272,631 |
$-133,998 |
-3.93 % |
No Change |
- |
- |
- |
| White Mountains Insurancegroup Lt ... (WTM) |
BM |
WTM |
Property/Casualty ... |
33,975 |
$16,053,188 |
$1,579,498 |
10.91 % |
Sold Some |
-3,000 |
-8.11 |
$-139,470 |
| Xl Capital Ltd (XL) |
KY |
XL |
Multi-Line Insuran ... |
349,230 |
$7,005,554 |
$586,706 |
9.14 % |
Sold Some |
-120,566 |
-25.66 |
$-202,551 |
| Yum Brands Inc (TGR.BE) |
US |
TGR.BE |
Retail-Restaurants |
24,300 |
$848,799 |
$-43,011 |
-4.82 % |
Sold Some |
-500 |
-2.01 |
$885 |