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
OMB APPROVAL
OMB Number: 3235-0006
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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
AT&T Inc COM 00206r102 409 12,536 SH   SOLE   0 0 12,536
Actavis Inc Com COM g0083b108 786 2,642 SH   SOLE   0 0 2,642
Alerus Finl Corp Com COM 01446u103 382 20,100 SH   SOLE   0 0 20,100
Alleghany Corp COM 017175100 8,485 17,424 SH   SOLE   0 0 17,424
Allstate Corp COM 020002101 222 3,121 SH   SOLE   0 0 3,121
Altria Group Inc. COM 02209s103 263 5,263 SH   SOLE   0 0 5,263
Avalonbay Comm Reit Inc. COM 053484101 235 1,350 SH   SOLE   0 0 1,350
BB&T Corp COM 054937107 227 5,811 SH   SOLE   0 0 5,811
Bank Of Amer Corp COM 060505104 1,207 78,459 SH   SOLE   0 0 78,459
Becton Dickinson & Co Com COM 758871099 5,716 39,805 SH   SOLE   0 0 39,805
Bed Bath & Beyond Inc Com COM 075896100 8,076 105,190 SH   SOLE   0 0 105,190
Berkshire Hathaway Inc-Cl A COM 846701084 652 3 SH   SOLE   0 0 3
Berkshire Hathaway Inc-Cl B COM 084670702 21,950 152,095 SH   SOLE   0 0 152,095
Boston Properties COM 101121101 337 2,400 SH   SOLE   0 0 2,400
Bristol-Meyers Squibb COM 110122108 217 3,360 SH   SOLE   0 0 3,360
Chevrontexaco Corp Com COM 166764100 356 3,390 SH   SOLE   0 0 3,390
Chubb Corp COM 171232101 404 4,000 SH   SOLE   0 0 4,000
Coca-Cola Corp COM 191216100 5,278 130,164 SH   SOLE   0 0 130,164
Colfax Corp Com COM 194014106 5,416 113,465 SH   SOLE   0 0 113,465
Corning Inc Com COM 219350105 3,082 135,875 SH   SOLE   0 0 135,875
Costco Wholesale Corp COM 22160k105 322 2,126 SH   SOLE   0 0 2,126
Diamond Offshore Drill Com COM 25271c102 1,340 50,014 SH   SOLE   0 0 50,014
Dover Corp Com COM 260003108 3,495 50,559 SH   SOLE   0 0 50,559
Dover Motorsports Inc COM 260174107 161 67,969 SH   SOLE   0 0 67,969
Exxon Mobil Corp COM 30231g102 7,990 94,004 SH   SOLE   0 0 94,004
Federal Realty Invt Tr Sbi-New COM 313747206 368 2,500 SH   SOLE   0 0 2,500
First Natl Bk Alaska Com COM 32212j106 354 225 SH   SOLE   0 0 225
General Electric Corp COM 369604103 458 18,480 SH   SOLE   0 0 18,480
Genuine Parts Co Com COM 372460105 5,237 56,193 SH   SOLE   0 0 56,193
Glaxo Holdings Plc COM 37733w105 1,699 36,815 SH   SOLE   0 0 36,815
Graham Holdings Co COM 384637104 3,427 3,265 SH   SOLE   0 0 3,265
Hasbro Inc Com COM 418056107 5,829 92,179 SH   SOLE   0 0 92,179
Honeywell Intl Inc COM 438516106 313 3,000 SH   SOLE   0 0 3,000
IShares Tr MSCI Eafe Idx COM 464287465 254 3,965 SH   SOLE   0 0 3,965
International Business Machine COM 459200101 467 2,912 SH   SOLE   0 0 2,912
International Speedway Cl A COM 460335201 1,013 31,055 SH   SOLE   0 0 31,055
J P Morgan Chase And Co COM 46625h100 466 7,684 SH   SOLE   0 0 7,684
Johnson & Johnson COM 478160104 11,278 112,103 SH   SOLE   0 0 112,103
Knowles Corp Com COM 49926d109 598 31,032 SH   SOLE   0 0 31,032
Leucadia National Corp COM 527288104 6,787 304,495 SH   SOLE   0 0 304,495
Loews Corp COM 540424108 6,425 157,371 SH   SOLE   0 0 157,371
Markel Corp Com COM 570535104 18,076 23,507 SH   SOLE   0 0 23,507
Marsh & McLennan Cos Com COM 571748102 3,457 61,640 SH   SOLE   0 0 61,640
McCormick & Co Inc Com Non Vtg COM 579780206 4,440 57,585 SH   SOLE   0 0 57,585
Medtronic Plc COM G5960L103 3,035 38,917 SH   SOLE   0 0 38,917
Microsoft Corp Com COM 594918104 6,841 168,261 SH   SOLE   0 0 168,261
Nestle Sa-Adr Repstg COM 641069406 1,158 15,400 SH   SOLE   0 0 15,400
Norfolk Southern Corp COM 655844108 8,594 83,502 SH   SOLE   0 0 83,502
Paychex Inc COM 704326107 5,460 110,049 SH   SOLE   0 0 110,049
Pentair Ltd COM g7s00t104 1,057 16,806 SH   SOLE   0 0 16,806
Pepsico Inc COM 713448108 5,777 60,418 SH   SOLE   0 0 60,418
Pfizer Inc Com COM 717081103 719 20,672 SH   SOLE   0 0 20,672
Philip Morris Intl Inc Com COM 718172109 315 4,187 SH   SOLE   0 0 4,187
Procter & Gamble Co COM 742718109 4,140 50,524 SH   SOLE   0 0 50,524
Progressive Corp Ohio Com COM 743315103 6,129 225,316 SH   SOLE   0 0 225,316
Royal Dutch Shell Plc Adr Cl A COM 780257804 382 6,400 SH   SOLE   0 0 6,400
Sandy Spring Bancorp Com COM 800363103 3,780 144,111 SH   SOLE   0 0 144,111
Santa Fe Pacific Gold Corp COM 78463v107 201 1,772 SH   SOLE   0 0 1,772
Target Corp Com COM 87612e106 2,222 27,075 SH   SOLE   0 0 27,075
Teva Pharmaceutical Inds Adr COM 881624209 327 5,250 SH   SOLE   0 0 5,250
Tyco Intl Ltd New Com COM h89128104 2,290 53,172 SH   SOLE   0 0 53,172
Verizon Communications Com COM 92343v104 388 7,988 SH   SOLE   0 0 7,988
Wal Mart Stores Inc Com COM 931142103 11,409 138,713 SH   SOLE   0 0 138,713
Walgreens Boots Alliance Inc C COM 931427108 11,079 130,837 SH   SOLE   0 0 130,837
Walt Disney Holding Co COM 254687106 5,923 56,470 SH   SOLE   0 0 56,470
Washington Real Estate Inv Tr COM 939653101 395 14,290 SH   SOLE   0 0 14,290
Wells Fargo & Co COM 949746101 5,989 110,101 SH   SOLE   0 0 110,101
Source Capital Inc COM 836144105 428 5,841 SH   SOLE   0 0 5,841