as of March 31, 2004
Portfolio Holdings for
holds 52 positions in its portfolio as reported in the March 2004 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| American Tower Corporation | 13.1 | $55M | 5.1M | 10.82 | |
| Markel Corporation (MKL) | 11.5 | $49M | 192k | 253.51 | |
| Penn National Gaming (PENN) | 10.3 | $44M | 1.9M | 23.08 | |
| Americredit Corp. | 6.3 | $27M | 1.7M | 15.93 | |
| Multimedia Games | 5.9 | $25M | 611k | 41.10 | |
| Unum (UNM) | 3.2 | $14M | 861k | 15.77 | |
| Alliance Gaming/agi | 3.1 | $13M | 530k | 24.65 | |
| CarMax (KMX) | 3.0 | $13M | 407k | 30.93 | |
| Platinum Underwriter/ptp | 2.8 | $12M | 400k | 30.00 | |
| AES Corporation (AES) | 2.8 | $12M | 1.3M | 9.44 | |
| Partner Re | 2.8 | $12M | 200k | 58.05 | |
| Global Imaging Systems/gisx | 2.7 | $12M | 361k | 31.75 | |
| D.R. Horton (DHI) | 2.6 | $11M | 250k | 43.26 | |
| Intl. Speedway B | 2.4 | $10M | 225k | 44.60 | |
| Hilb Rogal & Hobbs | 2.1 | $9.0M | 281k | 32.07 | |
| Monarch Casino & Resort (MCRI) | 2.0 | $8.6M | 783k | 11.03 | |
| Berkshire Hathaway (BRK.A) | 2.0 | $8.6M | 102.00 | 84245.10 | |
| Toll Brothers (TOL) | 1.9 | $8.0M | 200k | 39.76 | |
| Ryland | 1.7 | $7.1M | 80k | 88.64 | |
| Penn Virginia Corporation | 1.5 | $6.4M | 116k | 55.65 | |
| Sprint Pcs | 1.3 | $5.6M | 992k | 5.62 | |
| International Speedway Corporation | 1.2 | $5.2M | 116k | 44.66 | |
| Kaneb Services/ksl | 1.1 | $4.6M | 145k | 31.87 | |
| Citi | 1.0 | $4.4M | 91k | 48.54 | |
| American Woodmark Corporation (AMWD) | 0.9 | $3.9M | 72k | 55.05 | |
| Federal Home Loan Mortgage (FMCC) | 0.9 | $3.7M | 64k | 58.32 | |
| Burke & Herbert/bhrb | 0.8 | $3.6M | 1.7k | 2079.72 | |
| Amc Entertainment | 0.8 | $3.4M | 224k | 15.21 | |
| Coca-Cola Bottling Co. Consolidated (COKE) | 0.8 | $3.2M | 60k | 52.87 | |
| Wells Fargo & Company (WFC) | 0.7 | $3.1M | 53k | 58.89 | |
| Berkshire Hathaway Inc. Class B | 0.7 | $3.1M | 1.1k | 2814.92 | |
| Dover Motorsports | 0.7 | $3.0M | 852k | 3.50 | |
| Beazer Homes USA | 0.7 | $2.9M | 30k | 97.67 | |
| Mark West Hydro/mwp | 0.7 | $2.8M | 250k | 11.28 | |
| Shuffle Master | 0.6 | $2.4M | 70k | 34.51 | |
| Bank Of New York | 0.5 | $2.2M | 67k | 33.11 | |
| Fidelity National Financial In | 0.5 | $1.9M | 50k | 38.78 | |
| Pma Capital Corporation Cl-a Cmn Cl | 0.4 | $1.5M | 300k | 5.12 | |
| Service Corporation International (SCI) | 0.2 | $1.1M | 200k | 5.39 | |
| International Game Technology | 0.2 | $985k | 28k | 35.71 | |
| White Mountains Insurance Gp (WTM) | 0.2 | $920k | 2.0k | 460.00 | |
| Allmerica Financial/afc | 0.2 | $852k | 28k | 30.76 | |
| MICROS Systems | 0.2 | $817k | 19k | 43.34 | |
| Regal Entertainment | 0.2 | $821k | 40k | 20.52 | |
| Entertainment Properties Trust | 0.2 | $764k | 22k | 34.73 | |
| Chubb Corporation | 0.2 | $681k | 10k | 68.10 | |
| First Data Corp | 0.1 | $411k | 10k | 41.10 | |
| CSX Corporation (CSX) | 0.1 | $342k | 9.5k | 35.93 | |
| American Real Estate Partners | 0.1 | $330k | 19k | 17.01 | |
| Corus Bankshares | 0.1 | $217k | 7.0k | 31.00 | |
| Florida Gaming Corporation (FGMG) | 0.0 | $109k | 28k | 3.96 | |
| Pds Gaming | 0.0 | $80k | 42k | 1.92 |
