| 3m Co (MMM) |
US |
MMM |
Diversified Manufa ... |
60,000 |
$4,151,400 |
$-226,200 |
-5.16 % |
No Change |
- |
- |
- |
| Accenture (XET.BE) |
FR |
XET.BE |
Consulting Service ... |
10,000 |
$384,700 |
$-20,600 |
-5.08 % |
Sold Some |
-20,000 |
-66.66 |
$41,200 |
| Aflac Inc (AFL) |
US |
AFL |
Life/Health Insura ... |
205,000 |
$11,824,400 |
$561,700 |
4.98 % |
Added More |
175,000 |
583.33 |
$479,500 |
| Alleghany Corp (AGA.BE) |
US |
AGA.BE |
Property/Casualty ... |
4,080 |
$1,302,132 |
$70,625 |
5.73 % |
No Change |
- |
- |
- |
| Allied Cap Corp (ALD) |
US |
ALD |
Investment Compani ... |
234,699 |
$3,590,895 |
$363,783 |
11.27 % |
Sold Some |
-145,616 |
-38.28 |
$-225,705 |
| Altria Group Inc (MO) |
US |
MO |
Tobacco |
116,700 |
$2,444,865 |
$-70,020 |
-2.78 % |
No Change |
- |
- |
- |
| American Express Co (AXP) |
US |
AXP |
Finance-Credit Car ... |
10,000 |
$394,000 |
$25,100 |
6.80 % |
No Change |
- |
- |
- |
| American Intl Group Inc (AIG) |
US |
AIG |
Multi-Line Insuran ... |
None |
- |
- |
- % |
Sold All |
-20,000 |
-100.00 |
$-5,800 |
| Anheuser Busch Cos Inc (ABC.BE) |
US |
ABC.BE |
Brewery |
None |
- |
- |
- % |
Sold All |
-20,000 |
-100.00 |
$0 |
| Automatic Data Processing Inc (ADP) |
US |
ADP |
Commercial Serv-Fi ... |
306,600 |
$13,539,456 |
$-257,544 |
-1.86 % |
No Change |
- |
- |
- |
| Bank Amer Corp (BAC) |
US |
BAC |
Super-Regional Ban ... |
525,000 |
$16,920,750 |
$1,769,250 |
11.67 % |
No Change |
- |
- |
- |
| Bank New York Mellon Corp (BN9.BE) |
US |
BN9.BE |
- |
33,019 |
$1,131,231 |
$-42,925 |
-3.65 % |
No Change |
- |
- |
- |
| Berkshire Hathaway Inc (BRH.BE) |
US |
BRH.BE |
Reinsurance |
105 |
$12,422,537 |
$511,664 |
4.29 % |
No Change |
- |
- |
- |
| Bp Plc (BP) |
DE |
BP |
Oil Comp-Integrate ... |
11,548 |
$623,938 |
$-63,976 |
-9.29 % |
New Holding |
11,548 |
100.00 |
$-63,976 |
| Brookfield Asset Mgmt Inc (BAM) |
CA |
BAM |
Real Estate Oper/D ... |
237,205 |
$7,336,751 |
$52,185 |
0.71 % |
Added More |
30,000 |
14.47 |
$6,600 |
| Brookfield Infrastructurepartners ... (BIP) |
BM |
BIP |
Electric-Distribut ... |
7,288 |
$131,476 |
$1,020 |
0.78 % |
No Change |
- |
- |
- |
| Brown And Brown Inc (BRO) |
US |
BRO |
Insurance Brokers |
365,628 |
$7,952,409 |
$1,137,103 |
16.68 % |
No Change |
- |
- |
- |
| Brown Forman Corp (BF5A.BE) |
US |
BF5A.BE |
Beverages-Wine/Spi ... |
283,860 |
$19,790,719 |
$-1,683,290 |
-7.83 % |
No Change |
- |
- |
- |
| Carmax Inc (KMX) |
US |
KMX |
Retail-Automobile |
160,000 |
$2,464,000 |
$76,800 |
3.21 % |
No Change |
- |
- |
- |
| Caterpillar Inc (CAT1.BE) |
US |
CAT1.BE |
Machinery-Constr&M ... |
135,000 |
$8,556,300 |
$-788,400 |
-8.43 % |
No Change |
- |
- |
- |
| Cb Richard Ellis Group Inc (RF6.BE) |
US |
RF6.BE |
Real Estate Mgmnt/ ... |
50,000 |
$626,000 |
$-104,000 |
-14.24 % |
No Change |
- |
- |
- |
| Cincinnati Finl Corp (CINF) |
US |
CINF |
Multi-Line Insuran ... |
300,906 |
$9,195,687 |
$932,809 |
11.28 % |
Sold Some |
-135,330 |
-31.02 |
$-419,523 |
| Cintas Corp (CTAS) |
US |
CTAS |
Linen Supply&Rel I ... |
40,000 |
$1,222,400 |
$3,600 |
0.29 % |
No Change |
- |
- |
- |
| Citigroup Inc (C) |
US |
C |
Finance-Invest Bnk ... |
205,500 |
$3,918,885 |
$258,930 |
7.07 % |
Added More |
500 |
0.24 |
$630 |
| Cohen And Steers Inc (CNS) |
US |
CNS |
Invest Mgmnt/Advis ... |
95,800 |
$2,650,786 |
$137,952 |
5.48 % |
Added More |
30,000 |
45.59 |
$43,200 |
| Comcast Corp (CCT) |
US |
CCT |
- |
557,500 |
$13,218,325 |
$-22,300 |
-0.16 % |
No Change |
- |
- |
- |
| Corus Bankshares Inc (CORS) |
US |
CORS |
Commer Banks-Centr ... |
197,000 |
$943,630 |
$43,340 |
4.81 % |
Sold Some |
-120,000 |
-37.85 |
$-26,400 |
| Costco Whsl Corp (COST) |
US |
COST |
Retail-Discount |
5,000 |
$342,200 |
$7,450 |
2.22 % |
New Holding |
5,000 |
100.00 |
$7,450 |
| Disney Walt Co (DIS) |
US |
DIS |
Multimedia |
25,000 |
$784,000 |
$-9,500 |
-1.19 % |
Sold Some |
-99,175 |
-79.86 |
$37,687 |
| Emerson Elec Co (EMR) |
US |
EMR |
Electric Products- ... |
159,300 |
$7,044,246 |
$-786,942 |
-10.04 % |
Added More |
61,000 |
62.05 |
$-301,340 |
| Enterprise Gp Hldgs L P (EPE) |
US |
EPE |
Pipelines |
65,500 |
$1,885,090 |
$57,640 |
3.15 % |
New Holding |
65,500 |
100.00 |
$57,640 |
| Fairfax Financial Holdings Ltd (FFH) |
CA |
FFH |
Multi-Line Insuran ... |
279,459 |
$59,435,340 |
$-4,474,139 |
-7.00 % |
No Change |
- |
- |
- |
| Federated Invs Inc Pa (FII) |
US |
FII |
Invest Mgmnt/Advis ... |
10,000 |
$319,700 |
$19,000 |
6.31 % |
No Change |
- |
- |
- |
| Fidelity Natl Finl Inc (FNF) |
US |
FNF |
Property/Casualty ... |
1,000,000 |
$15,230,000 |
$2,240,000 |
17.24 % |
No Change |
- |
- |
- |
| Forest City Enterprises Inc (FCYA.BE) |
US |
FCYA.BE |
Real Estate Oper/D ... |
812,467 |
$23,431,548 |
$926,212 |
4.11 % |
No Change |
- |
- |
- |
| Fortune Brands Inc (FO) |
US |
FO |
Consumer Products- ... |
25,000 |
$1,453,000 |
$-51,500 |
-3.42 % |
No Change |
- |
- |
- |
| Friedman Billings Ramsey Groupinc (FRM.BE) |
US |
FRM.BE |
Finance-Invest Bnk ... |
140,000 |
$260,400 |
$-9,800 |
-3.62 % |
Sold Some |
-75,000 |
-34.88 |
$5,250 |
| General Dynamics Corp (GD) |
US |
GD |
Aerospace/Defense |
394,409 |
$33,777,187 |
$-3,084,278 |
-8.36 % |
Added More |
2 |
0.00 |
$-16 |
| General Elec Co (GE) |
US |
GE |
Diversified Manufa ... |
455,000 |
$12,685,400 |
$-650,650 |
-4.87 % |
No Change |
- |
- |
- |
| Goldman Sachs Group Inc (GS) |
US |
GS |
Finance-Invest Bnk ... |
10,000 |
$1,632,400 |
$-16,600 |
-1.00 % |
No Change |
- |
- |
- |
| Home Depot Inc (HD) |
US |
HD |
Retail-Building Pr ... |
20,000 |
$571,800 |
$41,400 |
7.80 % |
No Change |
- |
- |
- |
| Illinois Tool Wks Inc (ITW) |
US |
ITW |
Diversified Manufa ... |
210,000 |
$10,061,100 |
$-220,500 |
-2.14 % |
No Change |
- |
- |
- |
| Intel Corp (INTC) |
US |
INTC |
Electronic Compo-S ... |
60,000 |
$1,236,600 |
$-210,600 |
-14.55 % |
No Change |
- |
- |
- |
| International Business Machines C ... (IBM) |
US |
IBM |
Computers |
10,000 |
$1,143,300 |
$-114,700 |
-9.11 % |
No Change |
- |
- |
- |
| International Game Technology (IGT) |
US |
IGT |
Casino Services |
250,000 |
$5,062,500 |
$-627,500 |
-11.02 % |
No Change |
- |
- |
- |
| International Speedway Corp (ISCA) |
US |
ISCA |
Racetracks |
None |
- |
- |
- % |
Sold All |
-58,650 |
-100.00 |
$-119,060 |
| Investors Title Co Nc (ITIC) |
US |
ITIC |
Property/Casualty ... |
229,350 |
$10,433,132 |
$-575,669 |
-5.22 % |
Sold Some |
-600 |
-0.26 |
$1,506 |
| Johnson And Johnson (JNJ) |
US |
JNJ |
Medical Products |
75,000 |
$5,300,250 |
$-39,750 |
-0.74 % |
No Change |
- |
- |
- |
| Landamerica Finl Group Inc (LFG) |
US |
LFG |
Property/Casualty ... |
1,280,500 |
$22,639,240 |
$4,955,535 |
28.02 % |
Added More |
350,000 |
37.61 |
$1,354,500 |
| Leucadia Natl Corp (LUK) |
US |
LUK |
Diversified Operat ... |
75,000 |
$3,400,500 |
$132,750 |
4.06 % |
No Change |
- |
- |
- |
| Lowes Cos Inc (LOW) |
US |
LOW |
Retail-Building Pr ... |
95,000 |
$2,446,250 |
$253,650 |
11.56 % |
No Change |
- |
- |
- |
| Manpower Inc Wis (MAN) |
US |
MAN |
Human Resources |
7,000 |
$333,410 |
$-25,760 |
-7.17 % |
New Holding |
7,000 |
100.00 |
$-25,760 |
| Marriott Intl Inc (MAR) |
US |
MAR |
Hotels&Motels |
175,000 |
$5,040,000 |
$120,750 |
2.45 % |
Added More |
20,000 |
12.90 |
$13,800 |
| Marsh And Mclennan Cos Inc (MMC) |
US |
MMC |
Insurance Brokers |
50,000 |
$1,621,500 |
$90,000 |
5.87 % |
Sold Some |
-10,000 |
-16.66 |
$-18,000 |
| Mcgraw Hill Companies (MHP) |
FR |
MHP |
Multimedia |
340,800 |
$14,783,904 |
$37,488 |
0.25 % |
Sold Some |
-120,000 |
-26.04 |
$-13,200 |
| Meadowbrook Ins Group Inc (MIG) |
US |
MIG |
Property/Casualty ... |
130,000 |
$973,700 |
$110,500 |
12.80 % |
Sold Some |
-161,300 |
-55.37 |
$-137,105 |
| Microsoft Corp (MSFT) |
US |
MSFT |
Applications Softw ... |
8,290 |
$212,639 |
$-18,735 |
-8.09 % |
Sold Some |
-500 |
-5.68 |
$1,130 |
| Nike Inc (NKE.BE) |
US |
NKE.BE |
Athletic Footwear |
50,200 |
$3,004,972 |
$-91,866 |
-2.96 % |
New Holding |
50,200 |
100.00 |
$-91,866 |
| Northern Tr Corp (NTRS) |
US |
NTRS |
Fiduciary Banks |
20,000 |
$1,612,600 |
$85,600 |
5.60 % |
No Change |
- |
- |
- |
| Nustar Gp Hldgs Llc (VL2.F) |
US |
VL2.F |
Pipelines |
90,000 |
$1,825,200 |
$182,700 |
11.12 % |
Added More |
10,000 |
12.50 |
$20,300 |
| Pepsico Inc (PEP) |
US |
PEP |
Beverages-Non-Alco ... |
33,500 |
$2,308,820 |
$-27,470 |
-1.17 % |
No Change |
- |
- |
- |
| Plum Creek Timber Co Inc (PCL) |
US |
PCL |
Forestry |
356,000 |
$17,273,120 |
$338,200 |
1.99 % |
Added More |
300 |
0.08 |
$285 |
| Price T Rowe Group Inc (TROW) |
US |
TROW |
Invest Mgmnt/Advis ... |
11,000 |
$641,960 |
$2,420 |
0.37 % |
No Change |
- |
- |
- |
| Progressive Corp Oh (PGR) |
US |
PGR |
Property/Casualty ... |
46,516 |
$853,569 |
$-4,186 |
-0.48 % |
No Change |
- |
- |
- |
| Rli (RLI) |
BE |
RLI |
Property/Casualty ... |
623,841 |
$34,779,136 |
$-430,450 |
-1.22 % |
Sold Some |
-6,072 |
-0.96 |
$4,190 |
| Schwab Charles Corp (SCHW) |
US |
SCHW |
Finance-Invest Bnk ... |
55,000 |
$1,324,950 |
$110,550 |
9.10 % |
No Change |
- |
- |
- |
| State Str Corp (STT) |
US |
STT |
Fiduciary Banks |
40,400 |
$2,741,948 |
$46,864 |
1.73 % |
No Change |
- |
- |
- |
| Sysco Corporation (SYY) |
US |
SYY |
Food-Wholesale/Dis ... |
85,000 |
$2,730,200 |
$50,150 |
1.87 % |
No Change |
- |
- |
- |
| United Parcel Svc Inc (UPS) |
US |
UPS |
Transport-Services |
280,000 |
$17,889,200 |
$-198,800 |
-1.09 % |
No Change |
- |
- |
- |
| Valley Natl Bancorp (VLY) |
US |
VLY |
Commer Banks-Easte ... |
29,641 |
$598,748 |
$-16,895 |
-2.74 % |
Sold Some |
-96,966 |
-76.58 |
$55,271 |
| W P Carey And Co Llc (WPC) |
US |
WPC |
Real Estate Mgmnt/ ... |
860,000 |
$25,800,000 |
$86,000 |
0.33 % |
Sold Some |
-89,400 |
-9.41 |
$-8,940 |
| Wachovia Corp (WB) |
US |
WB |
Super-Regional Ban ... |
None |
- |
- |
- % |
Sold All |
-12,797 |
-100.00 |
$-24,826 |
| Wal Mart Stores Inc (WMT) |
US |
WMT |
Retail-Discount |
70,000 |
$4,251,800 |
$200,200 |
4.94 % |
No Change |
- |
- |
- |
| Walgreen Co (WAG) |
US |
WAG |
Retail-Drug Store |
35,000 |
$1,210,650 |
$-81,200 |
-6.28 % |
No Change |
- |
- |
- |
| Washington Post Co (WPO) |
US |
WPO |
Publishing-Newspap ... |
5,425 |
$3,139,990 |
$-266,639 |
-7.82 % |
No Change |
- |
- |
- |
| White Mountains Insurancegroup Lt ... (WTM) |
BM |
WTM |
Property/Casualty ... |
33,975 |
$16,188,748 |
$1,715,058 |
11.84 % |
Sold Some |
-3,000 |
-8.11 |
$-151,440 |
| Xl Capital Ltd (XL) |
KY |
XL |
Multi-Line Insuran ... |
349,230 |
$6,663,308 |
$244,461 |
3.80 % |
Sold Some |
-120,566 |
-25.66 |
$-84,396 |
| Yum Brands Inc (TGR.BE) |
US |
TGR.BE |
Retail-Restaurants |
24,300 |
$881,604 |
$-10,206 |
-1.14 % |
Sold Some |
-500 |
-2.01 |
$210 |