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
Estimated average burden
hours per response: 23.8
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
ADVANCE AUTO PARTS INC COM 00751y106 2,989 19,860 SH   SOLE   19,860 0 0
ALPHABET INC CAP STK CL A 02079k305 11,022 14,167 SH   SOLE   14,167 0 0
ALPHABET INC CAP STK CL C 02079k107 9,377 12,357 SH   SOLE   12,357 0 0
ALTRIA GROUP INC COM 02209s103 521 8,950 SH   SOLE   8,950 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 310 5,000 SH   SOLE   5,000 0 0
AT&T INC COM 00206r102 248 7,213 SH   SOLE   7,213 0 0
BANK AMER CORP *W EXP 01/16/201 060505146 286 49,200 SH   SOLE   49,200 0 0
BANK NEW YORK MELLON CORP COM 064058100 311 7,546 SH   SOLE   7,546 0 0
BENCHMARK BANKSHARES COM 08160E207 1,616 132,499 SH   SOLE   132,499 0 0
BERKLEY W R CORP COM 084423102 9,136 166,875 SH   SOLE   166,875 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 11,806 89,410 SH   SOLE   89,410 0 0
CHEVRON CORP NEW COM 166764100 362 4,027 SH   SOLE   4,027 0 0
CIMPRESS N V SHS EURO n20146101 18,562 228,770 SH   SOLE   228,770 0 0
CLOROX CO DEL COM 189054109 233 1,834 SH   SOLE   1,834 0 0
COCA COLA CO COM 191216100 397 9,243 SH   SOLE   9,243 0 0
COLFAX CORP COM 194014106 222 9,500 SH   SOLE   9,500 0 0
DOMINION RES INC VA NEW COM 25746u109 368 5,434 SH   SOLE   5,434 0 0
EXELON CORP COM 30161n101 309 11,132 SH   SOLE   11,132 0 0
EXXON MOBIL CORP COM 30231g102 390 5,009 SH   SOLE   5,009 0 0
HOMEFED COM 43739d307 292 8,563 SH   SOLE   8,563 0 0
HOWARD HUGHES CORP COM 44267d107 6,360 56,200 SH   SOLE   56,200 0 0
IMPERIAL METALS COM 452892102 7,337 1,516,550 SH   SOLE   1,516,550 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 15,671 113,875 SH   SOLE   113,875 0 0
JOHNSON & JOHNSON COM 478160104 313 3,049 SH   SOLE   3,049 0 0
JPMORGAN CHASE & CO COM 46625h100 1,420 21,510 SH   SOLE   21,510 0 0
MICROSOFT CORP COM 594918104 15,464 278,730 SH   SOLE   278,730 0 0
MONDELEZ INTL INC CL A 609207105 251 5,588 SH   SOLE   5,588 0 0
NEXTERA ENERGY INC COM 65339f101 263 2,534 SH   SOLE   2,534 0 0
PHILIP MORRIS INTL INC COM 718172109 744 8,461 SH   SOLE   8,461 0 0
PRECISION CASTPARTS CORP COM 740189105 1,723 7,425 SH   SOLE   7,425 0 0
PROCTER & GAMBLE CO COM 742718109 339 4,263 SH   SOLE   4,263 0 0
RANGE RES CORP COM 75281a109 3,258 132,400 SH   SOLE   132,400 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 15,258 3,523,968 SH   SOLE   3,523,968 0 0
SOUTHERN CO COM 842587107 494 10,553 SH   SOLE   10,553 0 0
VALEANT PHARMACEUTICALS INTL COM 91911k102 19,298 189,850 SH   SOLE   189,850 0 0
WALGREEN BOOTS ALLIANCE INC COM 931422109 213 2,500 SH   SOLE   2,500 0 0
WELLS FARGO & CO NEW COM 949746101 9,523 175,178 SH   SOLE   175,178 0 0
WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 2,049 100,000 SH   SOLE   100,000 0 0
WHITE MTNS INS GROUP LTD COM g9618e107 1,018 1,400 SH   SOLE   1,400 0 0
WYNN RESORTS LTD COM 983134107 8,146 117,740 SH   SOLE   117,740 0 0