The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 | ||||
| VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY | |||||
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 | 7,508,429 | 74,150 | SH | SOLE | 1 | 74,150 | 0 | 0 | |
| ABRDN PLATINUM ETF TRUST | PHYSCL PLATM SHS | 003260106 | 6,983,303 | 75,955 | SH | SOLE | 1 | 75,955 | 0 | 0 | |
| AGNICO EAGLE MINES LTD | COM | 008474108 | 3,242,304 | 63,612 | SH | SOLE | 1 | 63,612 | 0 | 0 | |
| AKAMAI TECHNOLOGIES INC | NOTE 0.375% 9/0 | 00971TAL5 | 826,567 | 900,000 | PRN | SOLE | 1 | 900,000 | 0 | 0 | |
| ALPHABET INC | CAP STK CL C | 02079K107 | 4,290,000 | 41,250 | SH | SOLE | 1 | 41,250 | 0 | 0 | |
| ALPHABET INC | CAP STK CL A | 02079K305 | 6,635,608 | 63,970 | SH | SOLE | 1 | 63,970 | 0 | 0 | |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 | 408,478 | 5,885 | SH | SOLE | 1 | 5,885 | 0 | 0 | |
| AXALTA COATING SYS LTD | COM | G0750C108 | 8,876,485 | 293,050 | SH | SOLE | 1 | 293,050 | 0 | 0 | |
| BANK AMERICA CORP | COM | 060505104 | 2,434,575 | 85,125 | SH | SOLE | 1 | 85,125 | 0 | 0 | |
| BANK AMERICA CORP | COM | 060505104 | 9,438,000 | 330,000 | SH | Call | SOLE | 330,000 | 0 | 0 | |
| BERKLEY W R CORP | COM | 084423102 | 9,122,024 | 146,515 | SH | SOLE | 1 | 146,515 | 0 | 0 | |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 35,233,127 | 114,108 | SH | SOLE | 1 | 114,108 | 0 | 0 | |
| BIOMARIN PHARMACEUTICAL INC | NOTE 0.599% 8/0 | 09061GAH4 | 1,025,979 | 1,000,000 | PRN | SOLE | 1 | 1,000,000 | 0 | 0 | |
| BROWN & BROWN INC | COM | 115236101 | 16,490,278 | 287,187 | SH | SOLE | 1 | 287,187 | 0 | 0 | |
| CAMBRIDGE BANCORP | COM | 132152109 | 753,092 | 11,620 | SH | SOLE | 11,620 | 0 | 0 | ||
| CARRIER GLOBAL CORPORATION | COM | 14448C104 | 12,138,619 | 265,325 | SH | SOLE | 1 | 265,325 | 0 | 0 | |
| CBOE GLOBAL MKTS INC | COM | 12503M108 | 10,520,389 | 78,370 | SH | SOLE | 1 | 78,370 | 0 | 0 | |
| CHART INDS INC | NOTE 1.000%11/1 | 16115QAE0 | 215,650 | 100,000 | PRN | SOLE | 1 | 100,000 | 0 | 0 | |
| CHURCH & DWIGHT CO INC | COM | 171340102 | 13,967,365 | 157,984 | SH | SOLE | 1 | 157,984 | 0 | 0 | |
| CITIGROUP INC | COM NEW | 172967424 | 4,512,459 | 96,235 | SH | SOLE | 1 | 96,235 | 0 | 0 | |
| COLGATE PALMOLIVE CO | COM | 194162103 | 10,496,201 | 139,670 | SH | SOLE | 1 | 139,670 | 0 | 0 | |
| CURTISS WRIGHT CORP | COM | 231561101 | 10,648,748 | 60,415 | SH | SOLE | 1 | 60,415 | 0 | 0 | |
| CUSTOMERS BANCORP INC | COM | 23204G100 | 481,520 | 26,000 | SH | Call | SOLE | 26,000 | 0 | 0 | |
| DARDEN RESTAURANTS INC | COM | 237194105 | 10,926,367 | 70,420 | SH | SOLE | 1 | 70,420 | 0 | 0 | |
| DENTSPLY SIRONA INC | COM | 24906P109 | 9,917,218 | 252,475 | SH | SOLE | 1 | 252,475 | 0 | 0 | |
| DEVON ENERGY CORP NEW | COM | 25179M103 | 2,298,959 | 45,425 | SH | SOLE | 1 | 45,425 | 0 | 0 | |
| EATON CORP PLC | SHS | G29183103 | 12,162,056 | 70,982 | SH | SOLE | 1 | 70,982 | 0 | 0 | |
| EBAY INC. | COM | 278642103 | 6,667,702 | 150,275 | SH | SOLE | 1 | 150,275 | 0 | 0 | |
| EVEREST RE GROUP LTD | COM | G3223R108 | 13,583,995 | 37,942 | SH | SOLE | 1 | 37,942 | 0 | 0 | |
| EVERTEC INC | COM | 30040P103 | 504,563 | 14,950 | SH | SOLE | 14,950 | 0 | 0 | ||
| EXPEDIA GROUP INC | COM NEW | 30212P303 | 6,307,920 | 65,010 | SH | SOLE | 1 | 65,010 | 0 | 0 | |
| EXXON MOBIL CORP | COM | 30231G102 | 564,749 | 5,150 | SH | SOLE | 5,150 | 0 | 0 | ||
| FARO TECHNOLOGIES INC | COM | 311642102 | 1,821,140 | 74,000 | SH | SOLE | 1 | 74,000 | 0 | 0 | |
| FEDERATED HERMES INC | CL B | 314211103 | 13,497,717 | 336,266 | SH | SOLE | 1 | 336,266 | 0 | 0 | |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 | 8,149,065 | 149,992 | SH | SOLE | 1 | 149,992 | 0 | 0 | |
| FIRST AMERN FINL CORP | COM | 31847R102 | 331,455 | 5,955 | SH | SOLE | 1 | 5,955 | 0 | 0 | |
| FIRST BANCORP P R | COM NEW | 318672706 | 7,366,014 | 645,010 | SH | SOLE | 1 | 645,010 | 0 | 0 | |
| FORTUNE BRANDS INNOVATIONS I | COM | 34964C106 | 3,896,736 | 66,350 | SH | SOLE | 1 | 66,350 | 0 | 0 | |
| FOUR CORNERS PPTY TR INC | COM | 35086T109 | 442,062 | 16,458 | SH | SOLE | 1 | 16,458 | 0 | 0 | |
| GALLAGHER ARTHUR J & CO | COM | 363576109 | 19,006,457 | 99,349 | SH | SOLE | 1 | 99,349 | 0 | 0 | |
| GENERAL DYNAMICS CORP | COM | 369550108 | 5,513,554 | 24,160 | SH | SOLE | 24,160 | 0 | 0 | ||
| GLOBE LIFE INC | COM | 37959E102 | 22,488,638 | 204,405 | SH | SOLE | 1 | 204,405 | 0 | 0 | |
| HENRY SCHEIN INC | COM | 806407102 | 3,489,912 | 42,800 | SH | SOLE | 1 | 42,800 | 0 | 0 | |
| HESS CORP | COM | 42809H107 | 7,479,195 | 56,515 | SH | SOLE | 1 | 56,515 | 0 | 0 | |
| HOME DEPOT INC | COM | 437076102 | 9,225,156 | 31,259 | SH | SOLE | 1 | 31,259 | 0 | 0 | |
| HOSTESS BRANDS INC | CL A | 44109J106 | 1,940,018 | 77,975 | SH | SOLE | 1 | 77,975 | 0 | 0 | |
| HOWARD HUGHES CORP | COM | 44267D107 | 11,428,080 | 142,851 | SH | SOLE | 1 | 142,851 | 0 | 0 | |
| INTEGRA LIFESCIENCES HLDGS C | NOTE 0.500% 8/1 | 457985AM1 | 972,585 | 1,000,000 | PRN | SOLE | 1 | 1,000,000 | 0 | 0 | |
| JOHNSON & JOHNSON | COM | 478160104 | 6,321,520 | 40,784 | SH | SOLE | 40,784 | 0 | 0 | ||
| KAMAN CORP | NOTE 3.250% 5/0 | 483548AF0 | 943,000 | 1,000,000 | PRN | SOLE | 1 | 1,000,000 | 0 | 0 | |
| LEIDOS HOLDINGS INC | COM | 525327102 | 13,829,990 | 150,228 | SH | SOLE | 1 | 150,228 | 0 | 0 | |
| LIGAND PHARMACEUTICALS INC | NOTE 0.750% 5/1 | 53220KAF5 | 396,113 | 400,000 | PRN | SOLE | 1 | 400,000 | 0 | 0 | |
| LITTELFUSE INC | COM | 537008104 | 14,614,926 | 54,515 | SH | SOLE | 1 | 54,515 | 0 | 0 | |
| LOUISIANA PAC CORP | COM | 546347105 | 242,319 | 4,470 | SH | SOLE | 1 | 4,470 | 0 | 0 | |
| MANCHESTER UTD PLC NEW | ORD CL A | G5784H106 | 540,460 | 24,400 | SH | SOLE | 24,400 | 0 | 0 | ||
| MANCHESTER UTD PLC NEW | ORD CL A | G5784H106 | 540,460 | 24,400 | SH | Put | SOLE | 24,400 | 0 | 0 | |
| MARKEL CORP | COM | 570535104 | 8,688,943 | 6,802 | SH | SOLE | 1 | 6,802 | 0 | 0 | |
| MEDTRONIC PLC | SHS | G5960L103 | 13,719,912 | 170,180 | SH | SOLE | 1 | 170,180 | 0 | 0 | |
| MERCK & CO INC | COM | 58933Y105 | 17,015,697 | 159,937 | SH | SOLE | 1 | 159,937 | 0 | 0 | |
| MICROSOFT CORP | COM | 594918104 | 5,994,334 | 20,792 | SH | SOLE | 1 | 20,792 | 0 | 0 | |
| MONDELEZ INTL INC | CL A | 609207105 | 14,485,794 | 207,771 | SH | SOLE | 1 | 207,771 | 0 | 0 | |
| MOOG INC | CL A | 615394202 | 4,997,200 | 49,600 | SH | SOLE | 1 | 49,600 | 0 | 0 | |
| NEWMONT CORP | COM | 651639106 | 6,023,087 | 122,870 | SH | SOLE | 1 | 122,870 | 0 | 0 | |
| NOODLES & CO | COM CL A | 65540B105 | 2,811,826 | 579,758 | SH | SOLE | 1 | 579,758 | 0 | 0 | |
| NUVASIVE INC | NOTE 0.375% 3/1 | 670704AJ4 | 529,800 | 600,000 | PRN | SOLE | 1 | 600,000 | 0 | 0 | |
| ORIGIN BANCORP INC | COM | 68621T102 | 2,975,483 | 92,550 | SH | SOLE | 1 | 92,550 | 0 | 0 | |
| OTIS WORLDWIDE CORP | COM | 68902V107 | 10,163,026 | 120,415 | SH | SOLE | 1 | 120,415 | 0 | 0 | |
| PALO ALTO NETWORKS INC | NOTE 0.750% 7/0 | 697435AD7 | 448,100 | 200,000 | PRN | SOLE | 1 | 200,000 | 0 | 0 | |
| PAYCHEX INC | COM | 704326107 | 3,941,896 | 34,400 | SH | SOLE | 1 | 34,400 | 0 | 0 | |
| PAYPAL HLDGS INC | COM | 70450Y103 | 4,131,136 | 54,400 | SH | SOLE | 1 | 54,400 | 0 | 0 | |
| PENTAIR PLC | SHS | G7S00T104 | 13,119,993 | 237,380 | SH | SOLE | 1 | 237,380 | 0 | 0 | |
| PFIZER INC | COM | 717081103 | 11,253,864 | 275,830 | SH | SOLE | 1 | 275,830 | 0 | 0 | |
| PIONEER NAT RES CO | COM | 723787107 | 16,615,537 | 81,353 | SH | SOLE | 1 | 81,353 | 0 | 0 | |
| PJT PARTNERS INC | COM CL A | 69343T107 | 4,262,820 | 59,050 | SH | SOLE | 59,050 | 0 | 0 | ||
| PNC FINL SVCS GROUP INC | COM | 693475105 | 11,439,000 | 90,000 | SH | Call | SOLE | 90,000 | 0 | 0 | |
| PNC FINL SVCS GROUP INC | COM | 693475105 | 9,318,972 | 73,320 | SH | SOLE | 1 | 73,320 | 0 | 0 | |
| PPG INDS INC | COM | 693506107 | 13,052,369 | 97,712 | SH | SOLE | 1 | 97,712 | 0 | 0 | |
| PRIMERICA INC | COM | 74164M108 | 14,414,766 | 83,690 | SH | SOLE | 1 | 83,690 | 0 | 0 | |
| PROCTER AND GAMBLE CO | COM | 742718109 | 6,320,812 | 42,510 | SH | SOLE | 42,510 | 0 | 0 | ||
| PROGRESSIVE CORP | COM | 743315103 | 11,384,715 | 79,580 | SH | SOLE | 79,580 | 0 | 0 | ||
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 | 5,499,259 | 56,155 | SH | SOLE | 1 | 56,155 | 0 | 0 | |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 | 9,411,372 | 46,977 | SH | SOLE | 1 | 46,977 | 0 | 0 | |
| SCHLUMBERGER LTD | COM STK | 806857108 | 10,509,855 | 214,050 | SH | SOLE | 1 | 214,050 | 0 | 0 | |
| SENSATA TECHNOLOGIES HLDG PL | SHS | G8060N102 | 12,716,335 | 254,225 | SH | SOLE | 1 | 254,225 | 0 | 0 | |
| SOUTHSTATE CORPORATION | COM | 840441109 | 5,383,479 | 75,547 | SH | SOLE | 1 | 75,547 | 0 | 0 | |
| STELLAR BANCORP INC | COM | 858927106 | 3,453,472 | 140,328 | SH | SOLE | 1 | 140,328 | 0 | 0 | |
| SUNCOR ENERGY INC NEW | COM | 867224107 | 3,722,895 | 119,900 | SH | SOLE | 1 | 119,900 | 0 | 0 | |
| TEXAS ROADHOUSE INC | COM | 882681109 | 6,305,301 | 58,350 | SH | SOLE | 1 | 58,350 | 0 | 0 | |
| THE CIGNA GROUP | COM | 125523100 | 9,705,796 | 37,983 | SH | SOLE | 1 | 37,983 | 0 | 0 | |
| TRIMBLE INC | COM | 896239100 | 4,011,441 | 76,525 | SH | SOLE | 1 | 76,525 | 0 | 0 | |
| US BANCORP DEL | COM NEW | 902973304 | 4,307,795 | 119,495 | SH | SOLE | 119,495 | 0 | 0 | ||
| US BANCORP DEL | COM NEW | 902973304 | 7,931,000 | 220,000 | SH | Call | SOLE | 220,000 | 0 | 0 | |
| V2X INC | COM | 92242T101 | 4,523,314 | 113,880 | SH | SOLE | 1 | 113,880 | 0 | 0 | |
| VERINT SYSTEMS INC | NOTE 0.250% 4/1 | 92343XAC4 | 972,813 | 1,100,000 | PRN | SOLE | 1 | 1,100,000 | 0 | 0 | |
| VOYA FINANCIAL INC | COM | 929089100 | 16,873,278 | 236,122 | SH | SOLE | 1 | 236,122 | 0 | 0 | |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 | 266,093 | 7,695 | SH | SOLE | 1 | 7,695 | 0 | 0 | |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 | 3,108,995 | 2,257 | SH | SOLE | 1 | 2,257 | 0 | 0 | |
| WILLIAM PENN BANCORPORATION | COM | 96927A105 | 738,716 | 65,200 | SH | SOLE | 65,200 | 0 | 0 | ||
| YETI HLDGS INC | COM | 98585X104 | 494,000 | 12,350 | SH | SOLE | 12,350 | 0 | 0 | ||
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 | 7,479,678 | 23,521 | SH | SOLE | 1 | 23,521 | 0 | 0 | |
| ZILLOW GROUP INC | NOTE 2.750% 5/1 | 98954MAH4 | 715,400 | 700,000 | PRN | SOLE | 1 | 700,000 | 0 | 0 | |