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
ADAMS DIVERSIFIED EQUITY FD COM 006212104 2,673 135,005 SH   SOLE NONE 0 0 135,005
ALPHABET INC CAP STK CL A 02079k107 23,071 8,656 SH   SOLE NONE 2,000 0 6,656
AMERICAN EXPRESS CO COM 025816109 11,625 69,392 SH   SOLE NONE 14,500 0 54,892
AMERICAN INTL GROUP INC COM 026874784 16,271 296,429 SH   SOLE NONE 161,000 0 135,429
APPLE INC COM 037833100 568 4,017 SH   SOLE NONE 0 0 4,017
ARCHAEA ENERGY INC COM CL A 03940f103 49,229 2,599,208 SH   SOLE NONE 745,000 0 1,854,208
ASSURED GUARANTY LTD COM G0585R106 3,745 80,000 SH   SOLE NONE 80,000 0 0
ATHENE HLDG LTD CL A G0684d107 39,843 578,518 SH   SOLE NONE 236,000 0 342,518
AUTOZONE INC COM 053332102 18,931 11,149 SH   SOLE NONE 2,000 0 9,149
BERKSHIRE HATHAWAY INC CL B 084670702 1,163 4,260 SH   SOLE NONE 0 0 4,260
BRIGHAM MINERALS INC COM CL A 10918L103 7,921 413,410 SH   SOLE NONE 0 0 413,410
COCA COLA CO COM 191216100 691 13,164 SH   SOLE NONE 0 0 13,164
COMCAST CORP NEW CL A 20030n101 15,336 274,205 SH   SOLE NONE 54,000 0 220,205
CORTEVA INC COM 220521104 1,664 39,538 SH   SOLE NONE 0 0 39,538
CRAWFORD & CO CL A 224633206 1,153 128,507 SH   SOLE NONE 121,507 0 7,000
DANIMER SCIENTIFIC INC COM CL A 236272100 4,669 285,720 SH   SOLE NONE 58,000 0 227,720
DARLING INGREDIENTS INC COM 237266101 47,613 662,205 SH   SOLE NONE 160,000 0 502,205
DUPONT DE NEMOURS INC COM 26614n102 1,131 16,636 SH   SOLE NONE 0 0 16,636
ENSTAR GROUP LIMITED SHS G3075p101 27,204 115,895 SH   SOLE NONE 62,000 0 53,895
ESSENT GROUP LTD COM G3198U102 7,712 175,240 SH   SOLE NONE 77,000 0 98,240
EVEREST RE GROUP LTD COM G3223R108 2,759 11,000 SH   SOLE NONE 11,000 0 0
FACEBOOK INC CL A 30303M102 206 608 SH   SOLE NONE 0 0 608
FIRST HORIZON NATL CORP COM 320517105 375 22,995 SH   SOLE NONE 0 0 22,995
HARTFORD FINL SVCS CORP COM 416515104 2,459 35,000 SH   SOLE NONE 35,000 0 0
HOME BANCSHARES INC COM 436893200 1,177 50,000 SH   SOLE NONE 0 0 50,000
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 1,328 9,929 SH   SOLE NONE 0 0 9,929
LENNAR CORP CL B 526057302 10,199 131,453 SH   SOLE NONE 33,000 0 98,453
LIBERTY BROADBAND CORP COM SER C 530307305 22,350 129,415 SH   SOLE NONE 31,200 0 98,215
LIVE OAK CRESTVIEW CLIMATE A UNIT 99/99/9999 538086208 8,878 905,000 SH   SOLE NONE 452,500 0 452,500
MGIC INVESTMENT CORP CORP 552848103 38,500 2,573,532 SH   SOLE NONE 1,308,212 0 1,265,320
MICROSOFT CORP CORP 594918104 596 2,112 SH   SOLE NONE 0 0 2,112
NMI HOLDINGS INC CL A 629209305 633 28,010 SH   SOLE NONE 0 0 28,010
OLD REP INTL CORP COM 680223104 8,702 376,200 SH   SOLE NONE 120,000 0 256,200
PINNACLE FINL PARTNERS COM 72346Q104 216 2,300 SH   SOLE NONE 0 0 2,300
PROGRESSIVE CORP OHIO COM 743315103 12,418 137,378 SH   SOLE NONE 63,500 0 73,878
REGIONS FINANCIAL CORP COM 7591EP100 410 19,235 SH   SOLE NONE 0 0 19,235
RENAISSANCE RE HOLDINGS LTD COM G7496G103 2,162 15,510 SH   SOLE NONE 15,500 0 10
RICE ACQUISITION CORP II UNIT 99/99/9999 G75529118 6,927 672,550 SH   SOLE NONE 150,000 0 522,550
SELECT INTERIOR CONCEPTS INC CL A 816120307 1,416 98,196 SH   SOLE NONE 0 0 98,196
STARWOOD PPTY TR INC COM 85571B105 17,321 709,580 SH   SOLE NONE 108,000 0 601,580
STORE CAP CORP COM 862121100 5,596 174,725 SH   SOLE NONE 0 0 174,725
TRAVELERS GROUP INC COM 894190107 1,976 13,000 SH   SOLE NONE 13,000 0 0
TRIUMPH BANCORP INC COM 89679E300 24,196 241,648 SH   SOLE NONE 48,000 0 193,648
VERISIGN INC COM 94343E102 6,586 32,125 SH   SOLE NONE 7,900 0 24,225