as of June 30, 2003
Portfolio Holdings for
holds 34 positions in its portfolio as reported in the June 2003 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Markel Corporation (MKL) | 19.9 | $42M | 165k | 256.00 | |
| Penn National Gaming (PENN) | 18.5 | $39M | 1.9M | 20.52 | |
| American Tower Corporation | 16.6 | $35M | 4.0M | 8.85 | |
| Americredit Corp. | 6.0 | $13M | 1.5M | 8.55 | |
| Alliance Gaming/agi | 4.7 | $10M | 529k | 18.91 | |
| Intl. Speedway B | 4.3 | $9.1M | 234k | 39.00 | |
| Berkshire Hathaway (BRK.A) | 4.2 | $8.9M | 123.00 | 72495.93 | |
| AES Corporation (AES) | 2.9 | $6.2M | 977k | 6.35 | |
| International Speedway Corporation | 2.9 | $6.1M | 154k | 39.51 | |
| J P Morgan 5 7/8% | 2.4 | $5.0M | 200k | 24.97 | |
| Federal Home Loan Mortgage (FMCC) | 1.9 | $4.1M | 81k | 50.77 | |
| Citi | 1.8 | $3.9M | 91k | 42.80 | |
| Dover Motorsports | 1.7 | $3.5M | 862k | 4.10 | |
| Scientific Games (LNWO) | 1.6 | $3.4M | 367k | 9.35 | |
| Wells Fargo & Company (WFC) | 1.4 | $2.9M | 58k | 50.41 | |
| Burke & Herbert/bhrb | 1.3 | $2.7M | 1.7k | 1610.25 | |
| Berkshire Hathaway Inc. Class B | 1.2 | $2.6M | 1.1k | 2429.90 | |
| Amc Entertainment | 1.2 | $2.6M | 224k | 11.44 | |
| D.R. Horton (DHI) | 1.0 | $2.1M | 75k | 28.10 | |
| Shuffle Master | 1.0 | $2.0M | 70k | 29.19 | |
| Bank Of New York | 0.9 | $1.9M | 67k | 28.75 | |
| Balchem Corporation (BCPC) | 0.4 | $941k | 40k | 23.52 | |
| MICROS Systems | 0.3 | $622k | 19k | 33.00 | |
| Entertainment Properties Trust | 0.3 | $598k | 21k | 28.75 | |
| International Game Technology | 0.3 | $578k | 5.6k | 102.39 | |
| Abbott Laboratories (ABT) | 0.2 | $529k | 12k | 43.72 | |
| First Data Corp | 0.2 | $414k | 10k | 41.40 | |
| Philip Morris Cos. | 0.2 | $409k | 9.0k | 45.44 | |
| Coca-Cola Company (KO) | 0.2 | $371k | 8.0k | 46.42 | |
| Corus Bankshares | 0.2 | $337k | 7.0k | 48.14 | |
| CSX Corporation (CSX) | 0.1 | $286k | 9.5k | 30.05 | |
| Bristol Myers Squibb (BMY) | 0.1 | $263k | 9.7k | 27.11 | |
| Airnet Systems | 0.1 | $162k | 40k | 4.04 | |
| Pds Gaming | 0.1 | $149k | 107k | 1.40 |
