Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ROST	Ross Stores Inc.	1,112,577	$81M	4.9%	$28.26	+6.9%	COM	778296103
IEX	Idex Corporation	1,163,822	$75.94M	4.6%	$45.08	+13.8%	COM	45167R104
BRO	Brown & Brown Inc.	2,045,300	$65.65M	4.0%	$13.98	+3.5%	COM	115236101
MD	Mednax Inc.	614,240	$61.67M	3.7%	$44.76	+9.0%	COM	58502B106
EOG	EOG Resources Inc.	361,298	$61.16M	3.7%	$46.52	+21.2%	COM	26875P101
MKL	Markel Corp	112,789	$58.4M	3.5%	$523.59	+0.3%	COM	570535104
WTM	White Mtns Insurance	86,554	$49.13M	3.0%	$583.58	-0.5%	COM	G9618E107
—	Brookfield Asset Management	1,296,538	$48.49M	2.9%	$36.02	—	COM	112585104
ZBRA	Zebra Technologies A	1,032,650	$47.05M	2.8%	$45.53	+1.3%	COM	989207105
BRK/A	Berkshire Hathaway A	270	$46.01M	2.8%	$165023.42	+4.8%	COM	084670108
SYK	Stryker Corp	664,742	$44.93M	2.7%	$56.92	+4.4%	COM	863667101
BEN	Franklin Resources	830,643	$41.99M	2.5%	$29.22	-1.7%	COM	354613101
KMX	Carmax	859,527	$41.66M	2.5%	$45.40	+7.7%	COM	143130102
DCI	Donaldson Co., Inc.	1,083,892	$41.33M	2.5%	$29.49	+2.3%	COM	257651109
ITW	Illinois Tool Works	530,281	$40.45M	2.4%	$49.85	+9.9%	COM	452308109
WAT	Waters Corp.	370,622	$39.36M	2.4%	$95.76	+7.1%	COM	941848103
—	Bed Bath and Beyond	493,893	$38.21M	2.3%	$70.95	—	COM	075896100
YUM	Yum Brands	475,457	$33.94M	2.1%	$38.97	+5.2%	COM	988498101
—	Xilinx Inc	708,494	$33.19M	2.0%	$39.61	—	COM	983919101
L	Loews Corp	676,811	$31.63M	1.9%	$42.08	+2.8%	COM	540424108
MGRC	McGrath Rentcorp	884,571	$31.58M	1.9%	$31.67	+9.9%	COM	580589109
—	Interpublic Group of Companies	1,675,200	$28.78M	1.7%	$9.16	+15.0%	COM	460690100
—	First Financial Holdings, Inc.	508,500	$28.05M	1.7%	$55.16	—	COM	32023e105
—	Forward Air	672,551	$27.12M	1.6%	$38.28	—	COM	349853101
—	FLIR Systems, Inc.	841,844	$26.43M	1.6%	$26.97	—	COM	302445101
GGG	Graco	345,711	$25.6M	1.5%	$16.98	+16.8%	COM	384109104
—	Knight Transportation Inc.	1,443,630	$23.85M	1.4%	$16.82	—	COM	499064103
HOMB	Home Bancshares, Inc.	761,392	$23.13M	1.4%	$10.30	+33.5%	COM	436893200
AZO	Autozone Inc	53,360	$22.56M	1.4%	$408.10	+4.9%	COM	053332102
MTB	M & T Bank Corp	200,220	$22.41M	1.4%	$72.91	+13.0%	COM	55261F104
—	Aqua America Inc	904,808	$22.38M	1.4%	$29.99	—	COM	03836W103
—	Patterson Companies Inc.	542,625	$21.8M	1.3%	$37.60	—	COM	703395103
MHK	Mohawk Industries	151,774	$19.77M	1.2%	$112.71	+8.2%	COM	608190104
—	Starwood Hotels Resorts	296,516	$19.7M	1.2%	$66.45	—	COM	85590a401
—	TCF Financial	1,362,997	$19.46M	1.2%	$14.18	—	COM	872275102
MCHP	Microchip Technology Inc.	482,950	$19.46M	1.2%	$13.83	+9.5%	COM	595017104
—	Protective Life Corp.	432,100	$18.39M	1.1%	$38.41	—	COM	743674103
—	VCA Antech, Inc.	662,200	$18.18M	1.1%	$26.09	—	COM	918194101
BRK/B	Berkshire Hathaway B	141,264	$16.04M	1.0%	$110.02	+4.9%	COM	084670702
—	Bank of the Ozarks, Inc.	333,710	$16M	1.0%	$43.33	—	COM	063904106
—	OneBeacon	1,015,252	$14.98M	0.9%	$14.48	—	COM	G67742109
—	Pinnacle Financial Partners	456,075	$13.6M	0.8%	$25.71	—	COM	72346Q104
AJG	Arthur J Gallagher & Co.	297,930	$13.01M	0.8%	$33.49	+2.3%	COM	363576109
—	Biglari Holdings Inc.	30,535	$12.6M	0.8%	$410.89	—	COM	08986r101
MAT	Mattel Inc.	273,409	$11.45M	0.7%	$44.76	-4.4%	COM	577081102
—	Winthrop Realty Trust	990,458	$11.04M	0.7%	$11.90	—	COM	976391300
WLY	John Wiley & Sons	225,350	$10.75M	0.7%	$27.09	+15.9%	COM	968223206
—	Questar Corp	467,950	$10.52M	0.6%	$23.85	—	COM	748356102
DLR	Digital Realty Trust Inc.	188,900	$10.03M	0.6%	$38.91	-9.9%	COM	253868103
—	US Ecology, Inc.	312,669	$9.421M	0.6%	$27.44	—	COM	91732j102
—	Sigma Aldrich Corp.	110,000	$9.383M	0.6%	$80.42	—	COM	826552101
—	Southwestern Energy Co	237,000	$8.622M	0.5%	$36.53	—	COM	845467109
EPM	Evolution Petroleum Corporatio	519,221	$5.846M	0.4%	$5.21	+11.1%	COM	30049A107
—	Fabrinet	327,575	$5.516M	0.3%	$14.54	—	COM	g3323l100
FLO	Flowers Foods	231,750	$4.969M	0.3%	$13.91	+2.6%	COM	343498101
—	Rosetta Stone	285,851	$4.639M	0.3%	$16.23	—	COM	777780107
—	Forest City Enterprises Class	244,701	$4.635M	0.3%	$18.94	—	COM	345550107
—	National Instruments	122,000	$3.773M	0.2%	$27.94	—	COM	636518102
—	Tupperware Brands Corp.	40,000	$3.455M	0.2%	$77.70	—	COM	899896104
—	Physicians Realty Trust	242,450	$2.938M	0.2%	$12.12	—	COM	71943u104
WHG	Westwood Holdings Group, Inc.	58,496	$2.811M	0.2%	$43.23	+12.3%	COM	961765104
—	Infinity Property & Casualty C	41,286	$2.667M	0.2%	$64.60	—	COM	45665q103
—	Amerisafe, Inc.	73,600	$2.614M	0.2%	$32.38	—	COM	03071h100
CRMT	America's Car-Mart Inc.	57,800	$2.607M	0.2%	$44.93	-3.3%	COM	03062T105
JBTM	John Bean Technologies Corpora	101,500	$2.525M	0.2%	$19.54	+11.6%	COM	477839104
—	Destination Maternity	79,251	$2.52M	0.2%	$24.61	—	COM	25065d100
—	Patriot Transportation Holding	70,052	$2.37M	0.1%	$30.36	—	COM	70337B102
—	Altera Corp	61,000	$2.267M	0.1%	$32.98	—	COM	021441100
—	First NBC Bank Holding Company	91,775	$2.237M	0.1%	$24.37	—	COM	32115d106
—	Houston Wire & Cable Company	139,950	$1.882M	0.1%	$13.84	—	COM	44244K109
WU	Western Union	100,000	$1.866M	0.1%	$17.11	—	COM	959802109
—	U.S. Physical Therapy Inc.	58,345	$1.813M	0.1%	$27.65	—	COM	90337l108
MKC	McCormick & Co.	27,250	$1.763M	0.1%	$28.19	-2.1%	COM	579780206
—	Rofin-Sinar Technologies, Inc.	70,650	$1.71M	0.1%	$24.94	—	COM	775043102
XOM	Exxon Mobil Corporation	18,814	$1.619M	0.1%	$53.74	+0.8%	COM	30231G102
GRMN	Garmin	34,600	$1.564M	0.1%	$23.52	+15.8%	COM	H2906T109
—	Rue 21	38,250	$1.543M	0.1%	$41.61	—	COM	781295100
—	Ca Technologies	50,000	$1.484M	0.1%	$28.62	—	COM	12673P105
IBM	International Business Machine	7,860	$1.456M	0.1%	$114.24	-2.4%	COM	459200101
—	Dr. Pepper Snapple Group Inc.	30,800	$1.38M	0.1%	$45.94	—	COM	26138E109
—	Actavis, PLC	8,400	$1.21M	0.1%	$144.05	—	COM	G0083b108
—	Inventure Foods, Inc.	107,092	$1.124M	0.1%	$8.36	—	COM	461212102
—	Landauer Inc	20,000	$1.025M	0.1%	$48.30	—	COM	51476K103
—	Gordmans Stores, Inc.	52,400	$590K	0.0%	$13.61	—	COM	38269P100
—	SY Bancorp Inc	17,285	$490K	0.0%	$24.53	—	COM	785060104
—	MTS Systems	7,051	$454K	0.0%	$56.59	—	COM	553777103
UNP	Union Pacific Corp	2,837	$441K	0.0%	$57.06	+5.4%	COM	907818108
—	General Electric Company	17,292	$413K	0.0%	$23.39	—	COM	369604103
—	Clarcor Inc	6,424	$357K	0.0%	$52.15	—	COM	179895107
NBTB	NBT Bancorp Inc	13,000	$299K	0.0%	$22.35	0.0%	COM	628778102
CVX	Chevron Corporation	2,443	$297K	0.0%	$71.30	+2.5%	COM	166764100
—	A T & T Inc New	8,565	$290K	0.0%	$35.38	—	COM	00206r102
PFE	Pfizer Incorporated	9,744	$280K	0.0%	$16.46	-0.6%	COM	717081103
USB	US Bancorp	7,331	$268K	0.0%	$22.41	+8.6%	COM	902973304
—	Meredith Corp	5,300	$252K	0.0%	$47.74	—	COM	589433101
AMBZ	American Business Bank	8,419	$242K	0.0%	$22.86	+3.3%	COM	02475L105
CNMD	Conmed Corp	7,087	$241K	0.0%	$27.74	+1.0%	COM	207410101
—	Newlink Genetics Corp	12,321	$231K	0.0%	$19.72	—	COM	651511107
—	Glenville Bank Hldg Co	2,756	$223K	0.0%	$81.64	—	COM	37908p109
AMGN	Amgen Incorporated	1,914	$214K	0.0%	$76.98	0.0%	COM	031162100
—	Trustco Bank Corp	20,533	$122K	0.0%	$5.45	—	COM	898349105