as of Dec. 31, 2004
Portfolio Holdings for
holds 65 positions in its portfolio as reported in the December 2004 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Penn National Gaming (PENN) | 13.6 | $141M | 2.3M | 60.55 | |
| Markel Corporation (MKL) | 11.9 | $124M | 341k | 364.00 | |
| American Tower Corporation | 10.3 | $107M | 5.8M | 18.40 | |
| CarMax (KMX) | 5.7 | $59M | 1.9M | 31.05 | |
| Americredit Corp. | 4.6 | $47M | 1.9M | 24.45 | |
| Monarch Casino & Resort (MCRI) | 3.5 | $36M | 892k | 40.55 | |
| 99 Cents Only Stores | 3.0 | $32M | 2.0M | 16.16 | |
| Alliance Gaming/agi | 2.7 | $28M | 2.1M | 13.81 | |
| Dollar Tree Stores | 2.6 | $27M | 954k | 28.77 | |
| AES Corporation (AES) | 2.3 | $24M | 1.7M | 13.67 | |
| Pinnacle Entertainment | 2.1 | $22M | 1.1M | 19.78 | |
| Kaneb Services/ksl | 2.1 | $22M | 510k | 43.19 | |
| Platinum Underwriter/ptp | 2.1 | $22M | 700k | 31.10 | |
| Global Imaging Systems/gisx | 2.1 | $21M | 543k | 39.50 | |
| Toll Brothers (TOL) | 2.0 | $21M | 300k | 68.61 | |
| Hilb Rogal & Hobbs | 1.9 | $20M | 548k | 36.24 | |
| D.R. Horton (DHI) | 1.6 | $17M | 425k | 40.31 | |
| Allmerica Financial/afc | 1.6 | $17M | 523k | 32.83 | |
| Partner Re | 1.6 | $17M | 275k | 61.94 | |
| Briggs & Stratton Corporation | 1.6 | $17M | 399k | 41.58 | |
| Station Casinos/stn | 1.4 | $15M | 272k | 54.68 | |
| International Speedway Corporation | 1.2 | $12M | 229k | 53.50 | |
| Montpelier Re Holdings/mrh | 1.1 | $12M | 300k | 38.45 | |
| Fairfax Financial Holdings Lim (FRFHF) | 1.1 | $12M | 68k | 168.50 | |
| Bradley Pharmaceutical/bdy | 1.0 | $11M | 542k | 19.40 | |
| Coca-Cola Bottling Co. Consolidated (COKE) | 0.9 | $9.7M | 171k | 57.05 | |
| International Game Technology | 0.8 | $8.9M | 258k | 34.38 | |
| Berkshire Hathaway (BRK.A) | 0.8 | $8.5M | 107.00 | 79682.24 | |
| American Woodmark Corporation (AMWD) | 0.8 | $8.5M | 195k | 43.68 | |
| Aeropostale | 0.8 | $8.1M | 275k | 29.43 | |
| Advance Auto Parts (AAP) | 0.8 | $7.8M | 178k | 43.68 | |
| Willis Group Holdings | 0.7 | $7.0M | 171k | 41.17 | |
| Dynamex | 0.7 | $6.9M | 372k | 18.53 | |
| International Speedway Corporation | 0.7 | $6.7M | 128k | 52.80 | |
| Argosy Gaming/agy | 0.6 | $6.3M | 135k | 46.70 | |
| Spectrasite Inc./ssi | 0.6 | $6.0M | 104k | 57.90 | |
| Isle of Capri Casinos | 0.6 | $5.8M | 226k | 25.65 | |
| Mark West Hydro/mwp | 0.5 | $5.6M | 326k | 17.25 | |
| Citi | 0.5 | $5.2M | 107k | 48.18 | |
| Dover Motorsports | 0.5 | $5.1M | 897k | 5.73 | |
| Federal Home Loan Mortgage (FMCC) | 0.5 | $5.1M | 69k | 73.70 | |
| Berkshire Hathaway Inc. Class B | 0.5 | $4.7M | 1.6k | 2935.97 | |
| Penn Virginia Corporation | 0.4 | $4.3M | 106k | 40.57 | |
| Simpson Manufacturing (SSD) | 0.4 | $3.8M | 108k | 34.90 | |
| Wells Fargo & Company (WFC) | 0.3 | $3.6M | 58k | 62.16 | |
| Shuffle Master | 0.3 | $3.3M | 70k | 47.10 | |
| ProAssurance Corporation (PRA) | 0.3 | $2.9M | 75k | 39.11 | |
| Metrologic Instruments/mtlg | 0.2 | $2.5M | 119k | 21.25 | |
| Investors Title Company (ITIC) | 0.2 | $2.3M | 61k | 36.98 | |
| Triad Guaranty (TGIC) | 0.2 | $1.8M | 30k | 60.47 | |
| White Mountains Insurance Gp (WTM) | 0.2 | $1.7M | 2.6k | 645.81 | |
| Pma Capital Corporation Cl-a Cmn Cl | 0.1 | $1.4M | 300k | 4.81 | |
| MICROS Systems | 0.1 | $1.5M | 19k | 78.04 | |
| Service Corporation International (SCI) | 0.1 | $1.5M | 200k | 7.45 | |
| Goldman Sachs (GS) | 0.1 | $1.2M | 12k | 104.04 | |
| AutoZone (AZO) | 0.1 | $1.2M | 14k | 91.33 | |
| Bank Of New York | 0.1 | $1.1M | 34k | 33.42 | |
| Entertainment Properties Trust | 0.1 | $1.1M | 26k | 44.54 | |
| Brown & Brown (BRO) | 0.1 | $1.1M | 25k | 43.56 | |
| Regal Entertainment | 0.1 | $830k | 40k | 20.75 | |
| Delta Air Lines/dal | 0.1 | $621k | 83k | 7.48 | |
| Exxon Mobil Corporation (XOM) | 0.1 | $488k | 9.5k | 51.22 | |
| Scripps | 0.1 | $569k | 12k | 48.25 | |
| CSX Corporation (CSX) | 0.0 | $381k | 9.5k | 40.03 | |
| Corus Bankshares | 0.0 | $336k | 7.0k | 48.00 |
