as of Dec. 31, 2005
Portfolio Holdings for
holds 59 positions in its portfolio as reported in the December 2005 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Penn National Gaming (PENN) | 18.2 | $233M | 7.1M | 32.95 | |
| American Tower Corporation | 16.7 | $213M | 7.8M | 27.10 | |
| Markel Corporation (MKL) | 9.5 | $121M | 381k | 317.05 | |
| Americredit Corp. | 4.6 | $58M | 2.3M | 25.63 | |
| CarMax (KMX) | 4.5 | $57M | 2.1M | 27.68 | |
| 99 Cents Only Stores | 4.1 | $52M | 5.0M | 10.46 | |
| Pinnacle Entertainment | 3.6 | $46M | 1.9M | 24.71 | |
| Monarch Casino & Resort (MCRI) | 3.4 | $44M | 1.9M | 22.60 | |
| Alliance Gaming/agi | 2.3 | $30M | 2.3M | 13.02 | |
| AES Corporation (AES) | 2.2 | $29M | 1.8M | 15.83 | |
| O'Reilly Automotive | 2.0 | $26M | 808k | 32.01 | |
| Toll Brothers (TOL) | 1.9 | $24M | 701k | 34.64 | |
| Simpson Manufacturing (SSD) | 1.9 | $24M | 647k | 36.35 | |
| Hilb Rogal & Hobbs | 1.8 | $23M | 609k | 38.51 | |
| D.R. Horton (DHI) | 1.6 | $20M | 567k | 35.73 | |
| Station Casinos/stn | 1.5 | $19M | 280k | 67.80 | |
| Global Imaging Systems/gisx | 1.5 | $19M | 543k | 34.63 | |
| American Woodmark Corporation (AMWD) | 1.5 | $19M | 752k | 24.79 | |
| Isle of Capri Casinos | 1.3 | $16M | 671k | 24.36 | |
| Landamerica Financial Group | 1.2 | $16M | 250k | 62.40 | |
| Boyd Gaming Corporation (BYD) | 1.2 | $15M | 320k | 47.66 | |
| International Game Technology | 1.0 | $13M | 411k | 30.78 | |
| Advance Auto Parts (AAP) | 1.0 | $13M | 288k | 43.46 | |
| International Speedway Corporation | 0.8 | $10M | 213k | 47.90 | |
| Berkshire Hathaway (BRK.A) | 0.8 | $9.8M | 121.00 | 81280.99 | |
| Partner Re | 0.7 | $9.4M | 144k | 65.67 | |
| Willis Group Holdings | 0.7 | $9.1M | 247k | 36.94 | |
| Dynamex | 0.7 | $8.9M | 465k | 19.06 | |
| Fairfax Financial Holdings Lim (FRFHF) | 0.7 | $8.3M | 58k | 143.36 | |
| Bradley Pharmaceutical/bdy | 0.7 | $8.3M | 877k | 9.50 | |
| Mark West Hydro/mwp | 0.6 | $7.2M | 326k | 22.01 | |
| Coca-Cola Bottling Co. Consolidated (COKE) | 0.5 | $6.9M | 161k | 43.00 | |
| Citi | 0.5 | $6.1M | 127k | 48.53 | |
| Penn Virginia Corporation | 0.5 | $6.1M | 106k | 57.40 | |
| Berkshire Hathaway Inc. Class B | 0.5 | $5.8M | 2.0k | 2935.45 | |
| Dover Motorsports | 0.4 | $5.1M | 831k | 6.11 | |
| Ing Pref 6.125% 01/15/11 p | 0.4 | $4.9M | 200k | 24.35 | |
| Aeropostale | 0.4 | $4.8M | 184k | 26.30 | |
| Federal Home Loan Mortgage (FMCC) | 0.3 | $4.4M | 67k | 65.35 | |
| Wells Fargo & Company (WFC) | 0.3 | $3.8M | 61k | 62.84 | |
| ProAssurance Corporation (PRA) | 0.3 | $3.6M | 75k | 48.64 | |
| W. P. Carey & Co | 0.2 | $3.0M | 117k | 25.36 | |
| Goldman Sachs (GS) | 0.2 | $2.8M | 22k | 127.73 | |
| Investors Title Company (ITIC) | 0.2 | $2.6M | 61k | 42.16 | |
| Big 5 Sporting Goods Corporation (BGFV) | 0.2 | $2.5M | 116k | 21.89 | |
| White Mountains Insurance Gp (WTM) | 0.2 | $2.2M | 3.9k | 558.43 | |
| MICROS Systems | 0.1 | $1.9M | 39k | 48.33 | |
| Shuffle Master | 0.1 | $1.8M | 70k | 25.14 | |
| Quanta Cap. Holdings | 0.1 | $1.1M | 225k | 5.10 | |
| Brown & Brown (BRO) | 0.1 | $763k | 25k | 30.52 | |
| Florida Gaming Corporation (FGMG) | 0.1 | $723k | 50k | 14.49 | |
| Sands Regent/snds | 0.1 | $756k | 74k | 10.18 | |
| Triad Guaranty (TGIC) | 0.1 | $629k | 14k | 44.02 | |
| Progressive Corporation (PGR) | 0.0 | $566k | 4.8k | 116.80 | |
| CSX Corporation (CSX) | 0.0 | $483k | 9.5k | 50.75 | |
| Exxon Mobil Corporation (XOM) | 0.0 | $479k | 8.5k | 56.17 | |
| Entertainment Properties Trust | 0.0 | $520k | 13k | 40.77 | |
| Bank Of New York | 0.0 | $224k | 7.0k | 31.82 | |
| Equus Gaming Company (EQUUS) | 0.0 | $18k | 62k | 0.29 |
