Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ROST	Ross Stores Inc.	1,106,716	$82.93M	4.7%	$28.26	+17.9%	COM	778296103
IEX	Idex Corporation	922,969	$68.16M	3.9%	$45.08	+31.4%	COM	45167R104
MKL	Markel Corp	113,629	$65.94M	3.7%	$523.59	+3.6%	COM	570535104
MD	Mednax Inc.	1,225,905	$65.44M	3.7%	$49.20	+9.1%	COM	58502B106
BRO	Brown & Brown Inc.	2,053,321	$64.45M	3.7%	$13.98	+0.8%	COM	115236101
ZBRA	Zebra Technologies A	1,029,553	$55.68M	3.2%	$45.53	+10.1%	COM	989207105
EOG	EOG Resources Inc.	327,702	$55M	3.1%	$46.52	+34.0%	COM	26875P101
WTM	White Mtns Insurance	85,954	$51.84M	2.9%	$583.58	+1.0%	COM	G9618E107
—	Brookfield Asset Management	1,298,581	$50.42M	2.9%	$36.02	—	COM	112585104
SYK	Stryker Corp	662,286	$49.76M	2.8%	$56.92	+10.8%	COM	863667101
BEN	Franklin Resources	826,203	$47.7M	2.7%	$29.22	+10.0%	COM	354613101
DCI	Donaldson Co., Inc.	1,095,667	$47.62M	2.7%	$29.53	+12.8%	COM	257651109
ITW	Illinois Tool Works	526,531	$44.27M	2.5%	$49.85	+19.3%	COM	452308109
KMX	Carmax	855,102	$40.21M	2.3%	$45.40	+8.0%	COM	143130102
—	Bed Bath and Beyond	490,775	$39.41M	2.2%	$70.95	—	COM	075896100
WAT	Waters Corp.	369,398	$36.94M	2.1%	$95.76	+5.3%	COM	941848103
BRK/A	Berkshire Hathaway A	207	$36.83M	2.1%	$165023.42	+5.1%	COM	084670108
MGRC	McGrath Rentcorp	878,871	$34.98M	2.0%	$31.67	+16.8%	COM	580589109
YUM	Yum Brands	454,657	$34.38M	1.9%	$38.97	+4.9%	COM	988498101
—	First Financial Holdings, Inc.	505,555	$33.62M	1.9%	$55.16	—	COM	32023e105
L	Loews Corp	680,124	$32.81M	1.9%	$42.08	+7.0%	COM	540424108
—	Xilinx Inc	700,933	$32.19M	1.8%	$39.61	—	COM	983919101
MCHP	Microchip Technology Inc.	683,900	$30.61M	1.7%	$14.52	+11.4%	COM	595017104
—	FLIR Systems, Inc.	1,016,689	$30.6M	1.7%	$27.51	—	COM	302445101
—	Interpublic Group of Companies	1,667,410	$29.51M	1.7%	$9.16	+20.7%	COM	460690100
—	Forward Air	670,926	$29.46M	1.7%	$38.28	—	COM	349853101
GGG	Graco	348,461	$27.22M	1.5%	$16.98	+27.5%	COM	384109104
AZO	Autozone Inc	55,762	$26.65M	1.5%	$409.85	+9.5%	COM	053332102
—	Knight Transportation Inc.	1,448,735	$26.57M	1.5%	$16.82	—	COM	499064103
MTB	M & T Bank Corp	227,980	$26.54M	1.5%	$73.94	+10.1%	COM	55261F104
—	Starwood Hotels Resorts	300,934	$23.91M	1.4%	$66.64	—	COM	85590a401
HOMB	Home Bancshares, Inc.	628,752	$23.48M	1.3%	$10.30	+67.2%	COM	436893200
MHK	Mohawk Industries	151,199	$22.51M	1.3%	$112.71	+21.2%	COM	608190104
—	Patterson Companies Inc.	541,000	$22.29M	1.3%	$37.60	—	COM	703395103
—	Protective Life Corp.	432,100	$21.89M	1.2%	$38.41	—	COM	743674103
—	Aqua America Inc	910,340	$21.48M	1.2%	$29.99	—	COM	03836W103
—	VCA Antech, Inc.	662,200	$20.77M	1.2%	$26.09	—	COM	918194101
—	Bank of the Ozarks, Inc.	362,185	$20.5M	1.2%	$44.37	—	COM	063904106
BRK/B	Berkshire Hathaway B	141,945	$16.83M	1.0%	$110.02	+5.1%	COM	084670702
—	OneBeacon	1,019,616	$16.13M	0.9%	$14.48	—	COM	G67742109
—	Biglari Holdings Inc.	31,540	$15.98M	0.9%	$413.94	—	COM	08986r101
—	TCF Financial	908,663	$14.77M	0.8%	$14.18	—	COM	872275102
—	Pinnacle Financial Partners	437,400	$14.23M	0.8%	$25.71	—	COM	72346Q104
AJG	Arthur J Gallagher & Co.	298,105	$13.99M	0.8%	$33.49	+9.0%	COM	363576109
DLR	Digital Realty Trust Inc.	282,225	$13.86M	0.8%	$36.33	-14.4%	COM	253868103
MAT	Mattel Inc.	275,159	$13.09M	0.7%	$44.76	-0.4%	COM	577081102
WLY	John Wiley & Sons	225,350	$12.44M	0.7%	$27.09	+31.7%	COM	968223206
—	Forest City Enterprises Class	600,001	$11.46M	0.6%	$19.04	—	COM	345550107
—	Winthrop Realty Trust	1,024,783	$11.32M	0.6%	$11.87	—	COM	976391300
—	US Ecology, Inc.	285,369	$10.59M	0.6%	$27.44	—	COM	91732j102
—	Sigma Aldrich Corp.	110,000	$10.34M	0.6%	$80.42	—	COM	826552101
—	Questar Corp	427,700	$9.833M	0.6%	$23.85	—	COM	748356102
—	Southwestern Energy Co	237,000	$9.321M	0.5%	$36.53	—	COM	845467109
—	Fabrinet	343,325	$7.059M	0.4%	$14.81	—	COM	g3323l100
EPM	Evolution Petroleum Corporatio	534,246	$6.593M	0.4%	$5.23	+15.6%	COM	30049A107
—	Physicians Realty Trust	456,450	$5.815M	0.3%	$12.41	—	COM	71943u104
FLO	Flowers Foods	231,750	$4.976M	0.3%	$13.91	+4.0%	COM	343498101
—	Rosetta Stone	390,251	$4.769M	0.3%	$15.16	—	COM	777780107
—	First NBC Bank Holding Company	143,450	$4.633M	0.3%	$27.23	—	COM	32115d106
—	Infinity Property & Casualty C	56,136	$4.028M	0.2%	$66.49	—	COM	45665q103
—	National Instruments	122,000	$3.906M	0.2%	$27.94	—	COM	636518102
—	Tupperware Brands Corp.	40,000	$3.781M	0.2%	$77.70	—	COM	899896104
WHG	Westwood Holdings Group, Inc.	58,496	$3.621M	0.2%	$43.23	+26.1%	COM	961765104
—	Destination Maternity	117,826	$3.521M	0.2%	$26.33	—	COM	25065d100
—	Amerisafe, Inc.	72,600	$3.067M	0.2%	$32.38	—	COM	03071h100
JBTM	John Bean Technologies Corpora	101,500	$2.977M	0.2%	$19.54	+33.2%	COM	477839104
—	Patriot Transportation Holding	70,052	$2.908M	0.2%	$30.36	—	COM	70337B102
—	Altera Corp	81,000	$2.633M	0.1%	$32.87	—	COM	021441100
—	Skullcandy, Inc.	327,425	$2.361M	0.1%	$7.21	—	COM	83083j104
—	Houston Wire & Cable Company	174,325	$2.332M	0.1%	$13.75	—	COM	44244K109
XOM	Exxon Mobil Corporation	20,395	$2.064M	0.1%	$53.91	+3.8%	COM	30231G102
—	U.S. Physical Therapy Inc.	58,345	$2.057M	0.1%	$27.65	—	COM	90337l108
—	Rofin-Sinar Technologies, Inc.	70,650	$1.909M	0.1%	$24.94	—	COM	775043102
MKC	McCormick & Co.	27,250	$1.878M	0.1%	$28.19	-4.2%	COM	579780206
—	Echo Global Logistics, Inc.	83,593	$1.796M	0.1%	$21.49	—	COM	27875t101
—	Dr. Pepper Snapple Group Inc.	36,525	$1.779M	0.1%	$46.37	—	COM	26138E109
WU	Western Union	100,000	$1.725M	0.1%	$17.11	—	COM	959802109
—	Ca Technologies	50,000	$1.683M	0.1%	$28.62	—	COM	12673P105
IBM	International Business Machine	7,905	$1.483M	0.1%	$114.24	-6.9%	COM	459200101
—	Actavis, PLC	8,400	$1.411M	0.1%	$167.98	—	COM	g0083b108
CRMT	America's Car-Mart Inc.	25,650	$1.083M	0.1%	$44.93	-3.8%	COM	03062T105
—	Landauer Inc	20,000	$1.052M	0.1%	$48.30	—	COM	51476K103
—	Mistras Group, Inc.	45,401	$948K	0.1%	$20.88	—	COM	60649t107
—	MTS Systems	11,051	$785K	0.0%	$61.82	—	COM	553777103
—	General Electric Company	26,637	$747K	0.0%	$25.02	—	COM	369604103
—	Inventure Foods, Inc.	43,092	$571K	0.0%	$8.36	—	COM	461212102
—	SY Bancorp Inc	15,286	$488K	0.0%	$24.53	—	COM	785060104
UNP	Union Pacific Corp	2,837	$477K	0.0%	$57.06	+6.1%	COM	907818108
—	Clarcor Inc	6,424	$413K	0.0%	$52.15	—	COM	179895107
—	Gordmans Stores, Inc.	52,400	$402K	0.0%	$13.61	—	COM	38269P100
NBTB	NBT Bancorp Inc	13,000	$337K	0.0%	$22.35	+9.8%	COM	628778102
CVX	Chevron Corporation	2,663	$333K	0.0%	$71.40	+1.5%	COM	166764100
PFE	Pfizer Incorporated	10,299	$315K	0.0%	$16.52	+6.7%	COM	717081103
—	A T & T Inc New	8,865	$312K	0.0%	$35.37	—	COM	00206r102
CNMD	Conmed Corp	7,087	$301K	0.0%	$27.74	+18.2%	COM	207410101
USB	US Bancorp	7,331	$296K	0.0%	$22.41	+13.2%	COM	902973304
—	Newlink Genetics Corp	12,321	$271K	0.0%	$19.72	—	COM	651511107
AMGN	Amgen Incorporated	1,914	$218K	0.0%	$76.98	+5.4%	COM	031162100
—	Glenville Bank Hldg Co	2,756	$215K	0.0%	$81.64	—	COM	37908p109
PG	Procter & Gamble	2,608	$212K	0.0%	$58.01	0.0%	COM	742718109
AMBZ	American Business Bank	6,968	$211K	0.0%	$22.86	+6.8%	COM	02475L105
—	Trustco Bank Corp	20,533	$147K	0.0%	$5.45	—	COM	898349105