Top 10 Holdings as of 9/30/2018 (%)
| % of Net Assets | |
|---|---|
| Berkshire Hathaway, Inc. - Class B (BRK/B) | 5.04 |
| Jefferies Financial Group, Inc. (JEF) | 3.65 |
| Oaktree Capital Group LLC (OAK) | 3.10 |
| AmerisourceBergen Corp. (ABC) | 3.10 |
| Protective Insurance Corp. - Class B (PTVCB) | 3.06 |
| % of Net Assets | |
|---|---|
| The Western Union Co. (WU) | 2.90 |
| Net 1 UEPS Technologies, Inc. (UEPS) | 2.43 |
| Teradata Corp. (TDC) | 2.36 |
| FRP Holdings, Inc. (FRPH) | 2.32 |
| FTI Consulting, Inc., 11/15/2022, 6.000% | 2.28 |
Sector Allocation as of 09/30/18 (%)
| % of Net Assets | |
|---|---|
| Financials | 23.2 |
| Consumer Discretionary | 21.1 |
| Information Technology | 15.0 |
| Industrials | 11.2 |
| Cash & Cash Equivalents | 8.9 |
| Materials | 4.8 |
| Healthcare | 4.8 |
| Energy | 4.3 |
| Real Estate | 3.8 |
| Consumer Staples | 2.1 |
| Currency Derivatives | 0.8 |
Asset Allocation as of 09/30/18 (%)
| % of Net Assets | |
|---|---|
| Common Stocks | 57.0 |
| Corporate Bonds | 31.0 |
| Cash and Cash Equivalents | 8.9 |
| Convertible Bonds | 2.3 |
| Currency Derivatives | 0.8 |
Portfolio Characteristics as of 09/30/18
Median Market Cap
$2.5B
Portfolio Price/Earnings
16.92X
Portfolio Price/Book
2.14X
Standard Deviation
12.91
Beta
0.52