Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD S&P 500 ETF	177,211	$33.41M	20.0%	$187.67	—	COM	922908363
BRK/B	BERKSHIRE HATHAWAY INC-CL B	192,775	$27.35M	16.3%	$131.53	+0.8%	COM	084670702
BRK/A	BERKSHIRE HATHAWAY INC-CL A	117	$24.97M	14.9%	$199512.94	0.0%	COM	084670108
VEA	VANGUARD FTSE DEVELOPED ETF	578,123	$20.73M	12.4%	$38.84	—	COM	921943858
VB	VANGUARD SMALL-CAP ETF	54,786	$6.11M	3.6%	$113.33	—	COM	922908751
FEZ	SPDR EURO STOXX 50 ETF	130,800	$4.346M	2.6%	$33.78	—	Call	78463X202
FEZ	SPDR EURO STOXX 50 ETF	67,498	$2.243M	1.3%	$33.78	—	COM	78463X202
EWP	ISHARES MSCI SPAIN INDEX FUND	82,196	$2.234M	1.3%	$36.85	—	COM	464286764
ORCL	ORACLE CORP	52,100	$2.131M	1.3%	$28.86	+10.7%	COM	68389X105
MSFT	MICROSOFT CORP	37,800	$2.088M	1.2%	$30.02	+53.5%	COM	594918104
—	AON PLC	16,700	$1.744M	1.0%	$77.33	—	COM	G0408V102
VWO	VANGUARD EMERGING MARKET	48,573	$1.68M	1.0%	$35.00	—	COM	922042858
GOOG	ALPHABET INC-CL C	2,142	$1.596M	1.0%	$35.61	-0.2%	COM	02079K107
AMZN	AMAZON.COM INC	2,160	$1.282M	0.8%	$15.84	+79.1%	COM	023135106
C	CITIGROUP INC	29,300	$1.223M	0.7%	$37.61	-16.9%	COM	172967424
UNH	UNITED HEALTH GROUP INC	9,300	$1.199M	0.7%	$59.09	+70.8%	COM	91324P102
—	ISHARES MSCI JAPAN IDX	100,668	$1.149M	0.7%	$11.41	—	COM	464286848
ECL	ECOLAB INC	10,300	$1.149M	0.7%	$90.95	+4.8%	COM	278865100
KBE	SPDR S&P BANK ETF	36,012	$1.094M	0.7%	$32.79	—	COM	78464A797
—	TWENTY-FIRST CENTURY FOX - B	38,150	$1.076M	0.6%	$31.59	—	COM	90130A200
PEP	PEPSICO INC	9,400	$963K	0.6%	$57.75	+26.9%	COM	713448108
MDLZ	MONDELEZ INTERNATIONAL INC	23,800	$955K	0.6%	$25.52	+27.0%	COM	609207105
—	AMERICAN CAPITAL LTD	61,550	$938K	0.6%	$13.94	—	COM	02503Y103
—	DISH NETWORK CORP - A	19,200	$888K	0.5%	$60.38	—	COM	25470M109
TFSL	TFS FINANCIAL CORP	47,720	$829K	0.5%	$7.25	+26.0%	COM	87240R107
AIN	ALBANY INTL CORP-CL A	20,980	$789K	0.5%	$31.70	-1.8%	COM	012348108
TMO	THERMO FISHER SCIENTIFIC INC	5,400	$765K	0.5%	$95.60	+36.3%	COM	883556102
—	SYNOVUS FINANCIAL CORP	24,990	$722K	0.4%	$24.13	—	COM	87161C501
SATS	ECHOSTAR CORP-A	16,280	$721K	0.4%	$40.14	-20.7%	COM	278768106
MS	MORGAN STANLEY	27,500	$688K	0.4%	$21.86	-11.7%	COM	617446448
MAR	MARRIOTT INTL - CL A - NEW	9,600	$683K	0.4%	$59.55	0.0%	COM	571903202
GOOGL	ALPHABET INC-CL A	880	$671K	0.4%	$36.73	-0.5%	COM	02079K305
—	CORE-MARK HOLDING CO INC	8,112	$662K	0.4%	$53.02	—	COM	218681104
JPM	JPMORGAN CHASE & CO	10,900	$645K	0.4%	$41.85	+7.2%	COM	46625H100
—	NOBLE ENERGY INC.	20,400	$641K	0.4%	$63.97	—	COM	655044105
—	NEENAH PAPER INC	9,827	$626K	0.4%	$54.93	—	COM	640079109
BR	BROADRIDGE FINANCIAL SOLUTIO	10,175	$603K	0.4%	$33.89	+35.8%	COM	11133T103
AIZ	ASSURANT INC	7,335	$566K	0.3%	$53.23	+17.2%	COM	04621X108
MUSA	MURPHY USA INC	9,166	$563K	0.3%	$54.88	+9.0%	COM	626755102
—	DIAMOND RESORTS INTERNATIONA	23,125	$562K	0.3%	$30.67	—	COM	25272T104
—	FOREST CITY REALTY TRUST- A	26,590	$561K	0.3%	$21.10	—	COM	345605109
—	ATLANTIC TELE-NETWORK INC	7,335	$556K	0.3%	$53.87	—	COM	049079205
WRB	WR BERKLEY CORP	9,700	$545K	0.3%	$9.82	+24.7%	COM	084423102
—	TWENTY-FIRST CENTURY FOX INC	19,125	$533K	0.3%	$29.75	—	COM	90130A101
BAC	BANK OF AMERICA CORP	37,900	$512K	0.3%	$13.13	-17.3%	COM	060505104
GS	GOLDMAN SACHS GROUP INC	3,200	$502K	0.3%	$128.81	-2.0%	COM	38141G104
NPO	ENPRO INDUSTRIES INC	8,615	$497K	0.3%	$68.11	-29.2%	COM	29355X107
—	MFA FINANCIAL INC	69,822	$478K	0.3%	$7.62	—	COM	55272X102
CLW	CLEARWATER PAPER CORP	9,563	$464K	0.3%	$65.51	-36.4%	COM	18538R103
—	CASH AMERICA INTL INC	11,811	$456K	0.3%	$22.85	—	COM	14754D100
—	AIR METHODS CORP	12,530	$454K	0.3%	$52.03	—	COM	009128307
—	DENNY'S CORPORATION	41,596	$431K	0.3%	$7.40	—	COM	24869P104
KAI	KADANT INC	9,520	$430K	0.3%	$35.46	+3.3%	COM	48282T104
—	DELTIC TIMBER CORP	6,748	$406K	0.2%	$66.69	—	COM	247850100
—	LIBERTY LILAC GROUP-C	10,525	$399K	0.2%	$36.75	—	COM	G5480U153
—	STARWOOD HOTELS & RESORTS	4,650	$388K	0.2%	$69.25	—	COM	85590A401
MGRC	MCGRATH RENTCORP	15,425	$387K	0.2%	$34.70	-29.2%	COM	580589109
—	NORTHSTAR ASSET MANAGEMEN-WI	33,312	$378K	0.2%	$16.66	—	COM	66705Y104
PRI	PRIMERICA INC	8,145	$363K	0.2%	$47.46	-9.0%	COM	74164M108
—	NORTHSTAR REALTY FINANCE	26,900	$353K	0.2%	$13.12	—	COM	66704R803
BABA	ALIBABA GROUP HOLDING-SP ADR	4,450	$352K	0.2%	$79.46	—	ADR	01609W102
CATO	CATO CORP-CLASS A	8,640	$333K	0.2%	$18.00	+15.0%	COM	149205106
CTS	CTS CORP	20,565	$324K	0.2%	$16.53	-14.1%	COM	126501105
FIS	FIDELITY NATIONAL INFORMATIO	4,900	$310K	0.2%	$50.57	0.0%	COM	31620M106
—	PROVIDENCE SERVICE CORP	6,005	$307K	0.2%	$51.12	—	COM	743815102
KHC	KRAFT HEINZ CO/THE	3,800	$299K	0.2%	$47.82	+1.0%	COM	500754106
PARR	PAR PACIFIC HOLDINGS INC	15,749	$295K	0.2%	$19.93	+7.7%	COM	69888T207
CASY	CASEYS GENERAL STORES INC	2,567	$291K	0.2%	$64.98	+60.2%	COM	147528103
FSS	FEDERAL SIGNAL CORP	21,670	$287K	0.2%	$13.80	-10.4%	COM	313855108
—	DIGITALGLOBE INC	16,140	$279K	0.2%	$25.91	—	COM	25389M877
—	DISCOVERY COMMUNICATIONS-A	9,150	$262K	0.2%	$34.49	—	COM	25470F104
—	DST SYSTEMS INC	2,240	$253K	0.2%	$112.95	—	COM	233326107
RNST	RENASANT CORP	7,460	$246K	0.1%	$30.71	+3.6%	COM	75970E107
—	NATIONAL GENERAL HLDGS	10,665	$230K	0.1%	$16.87	—	COM	636220303
—	VALEANT PHARMACEUTICALS INTE	8,225	$216K	0.1%	$113.83	—	COM	91911K102
MMS	MAXIMUS INC	3,884	$204K	0.1%	$51.00	0.0%	COM	577933104
—	ORITANI FINANCIAL CORP	11,795	$200K	0.1%	$14.60	—	COM	68633D103
—	MAIDEN HOLDINGS LTD	12,395	$160K	0.1%	$11.07	—	COM	G5753U112
AROC	ARCHROCK INC	15,139	$121K	0.1%	$8.04	-60.1%	COM	03957W106
—	DESTINATION MATERNITY CORP	16,299	$111K	0.1%	$15.45	—	COM	25065D100