The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information 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
Berkshire Hathaway, Inc. - Class B Equity 084670702 40,876 191,751 SH   SOLE   0 0 191,751
Laboratory Corporation of America Hldgs Equity 50540r409 40,113 232,000 SH   SOLE   0 0 232,000
Lamar Advertising Co. Equity 512815101 29,087 360,389 SH   SOLE   0 0 360,389
Equity Lifestyle Properties Inc. Equity 29472r108 23,527 193,153 SH   SOLE   0 0 193,153
Cohen & Steers Inc Equity 19247A100 23,274 452,450 SH   SOLE   0 0 452,450
Plains Group Holdings Equity 72651a108 20,156 807,197 SH   SOLE   0 0 807,197
Casey's General Stores, Inc. Equity 147528103 19,618 125,765 SH   SOLE   0 0 125,765
Sun Communities UserDef 866674104 17,082 132,674 SH   SOLE   0 0 132,674
Cadence Bancorp Equity 12739A100 15,738 756,650 SH   SOLE   0 0 756,650
First Horizon Natl Equity 320517105 15,563 1,035,100 SH   SOLE   0 0 1,035,100
Weyerhaeuser Co. Equity 962166104 14,511 550,900 SH   SOLE   0 0 550,900
Occidental Petroleum Corp. Equity 674599105 14,135 278,275 SH   SOLE   0 0 278,275
Kansas City Southern Equity 485170302 11,501 94,170 SH   SOLE   0 0 94,170
Omnicell, Inc. Equity 68213n109 10,288 119,585 SH   SOLE   0 0 119,585
Graphic Packaging Holding Co Equity 388689101 10,181 725,350 SH   SOLE   0 0 725,350
Apple Inc. Equity 037833100 9,791 49,470 SH   SOLE   0 0 49,470
Potlatch Corp. Equity 737630103 9,266 237,700 SH   SOLE   0 0 237,700
Schwab (Charles) Corp. Equity 808513105 9,187 228,600 SH   SOLE   0 0 228,600
Pinnacle Finl Partners Inc Equity 72346Q104 7,104 123,586 SH   SOLE   0 0 123,586
Cedar Fair -L.P. Equity 150185106 6,429 134,817 SH   SOLE   0 0 134,817
Oceanfirst Financial Corp Equity 675234108 6,257 251,800 SH   SOLE   0 0 251,800
First Community Corp Equity 319835104 4,693 253,550 SH   SOLE   0 0 253,550
Stryker Corp. Equity 863667101 4,126 20,068 SH   SOLE   0 0 20,068
Kroger Co. Equity 501044101 3,296 151,825 SH   SOLE   0 0 151,825
1/100 Berkshire Htwy Cla Equity 084990175 3,184 3,184 PRN   SOLE   0 0 3,184
Johnson & Johnson Equity 478160104 2,953 21,200 SH   SOLE   0 0 21,200
Ball Corp. Equity 058498106 2,800 40,000 SH   SOLE   0 0 40,000
Thermon Group Hldgs Equity 88362T103 2,180 85,000 SH   SOLE   0 0 85,000
CCB Financial Corp. Equity 124875105 1,942 125,550 SH   SOLE   0 0 125,550
Check Point Software Technologies Equity m22465104 1,694 14,650 SH   SOLE   0 0 14,650
Eastgroup Properties Equity 277276101 1,683 14,420 SH   SOLE   0 0 14,420
Synopsys, Inc. Equity 871607107 1,667 12,950 SH   SOLE   0 0 12,950
Vertu Motors Plc Ord Equity G9337V109 1,628 3,185,000 SH   SOLE   0 0 3,185,000
First Choice Bancorp Equity 31948P104 1,565 68,800 SH   SOLE   0 0 68,800
Thermo Fisher Scientific Inc Equity 883556102 1,468 5,000 SH   SOLE   0 0 5,000
Kaisar Aluminum Corp Equity 483007704 1,464 15,000 SH   SOLE   0 0 15,000
Cavco Industries Inc Equity 149568107 1,260 8,000 SH   SOLE   0 0 8,000
Bank of South Carolina Corp Equity 065066102 1,152 61,016 SH   SOLE   0 0 61,016
Costco Wholesale Corporation Equity 22160k105 1,057 4,000 SH   SOLE   0 0 4,000
CSX Corp. Equity 126408103 928 12,000 SH   SOLE   0 0 12,000
ICON plc Equity G4705A100 924 6,000 SH   SOLE   0 0 6,000
Calavo Growers, Inc. Equity 128246105 839 8,669 SH   SOLE   0 0 8,669
AbbVie, Inc. Equity 00287Y109 785 10,800 SH   SOLE   0 0 10,800
Dentsply International Inc. Equity 249030107 730 12,500 SH   SOLE   0 0 12,500
Anadarko Petroleum Corp. Equity 032511107 699 9,900 SH   SOLE   0 0 9,900
Irish Continental Group PLC Equity G49406179 642 129,550 SH   SOLE   0 0 129,550
United States Lime&M Equity 911922102 640 8,000 SH   SOLE   0 0 8,000
Walgreens Boots Allianc Equity 931427108 634 11,600 SH   SOLE   0 0 11,600
Holly Energy Partner Lp UserDef 435763107 550 20,000 SH   SOLE   0 0 20,000
Canadian Tire Ltd Equity 136681202 545 5,000 SH   SOLE   0 0 5,000
Alphabet Inc Equity 02079K305 541 500 SH   SOLE   0 0 500
Google Inc. Equity 38259p508 540 500 SH   SOLE   0 0 500
Fifth Third Bancorp. Equity 316773100 536 19,041 SH   SOLE   0 0 19,041
Eplus Inc Equity 294268107 517 7,500 SH   SOLE   0 0 7,500
Hormel Foods Corp. Equity 440452100 405 10,000 SH   SOLE   0 0 10,000
Landmark Infrastruct Lp UserDef 51508J108 344 20,409 SH   SOLE   0 0 20,409
Universal Health Realty Income Trust Equity 913903100 338 3,950 SH   SOLE   0 0 3,950
Wolverine World Wide, Inc. Equity 978097103 334 12,100 SH   SOLE   0 0 12,100
First Bancorp Equity 318910106 252 6,900 SH   SOLE   0 0 6,900
Prologis Equity 74340w103 232 2,900 SH   SOLE   0 0 2,900
Nanophase Technologies Corp Equity 630079101 203 389,838 SH   SOLE   0 0 389,838
Select Bancorp Inc Equity 81617L108 182 15,900 SH   SOLE   0 0 15,900
FalconStor Software Inc. Equity 306137100 1 11,000 SH   SOLE   0 0 11,000
RMR Real Estate Fd Fractional Shares Equity HGK70B105 0 174,077 SH   SOLE   0 0 174,077
UFood Restaurant Group Inc. Equity 903508109 0 11,000 SH   SOLE   0 0 11,000
Tradeshow Marketing Co. Equity 892652108 0 27,900 SH   SOLE   0 0 27,900