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
Balchem Corp. - Common Stock COM 057665200 43,489 318,131 SH   SOLE   318,131 0 0
Bel Fuse Inc. - Class A Common Stock CL A 077347201 492 23,434 SH   SOLE   23,434 0 0
Bel Fuse Inc. - Class B Common Stock CL B 077347300 1,207 67,634 SH   SOLE   67,634 0 0
Berkshire Hathaway Inc. Common Stock CL A 084670108 2,116 4 SH   SOLE   4 0 0
Black Knight Inc. - Common Stock COM 09215C105 165 2,852 SH   SOLE   2,852 0 0
Boeing Co. - Common Stock COM 097023105 958 5,000 SH   SOLE   5,000 0 0
Boston Omaha Corporation - Class A Common Stock CL A 101044105 3,404 134,155 SH   SOLE   134,155 0 0
Broadridge Financial Solutions, Inc. - Common Stock COM 11133T103 6,352 40,793 SH   SOLE   40,793 0 0
Chase Corporation - Common Stock COM 16150R104 924 10,626 SH   SOLE   10,626 0 0
Dolby Laboratories - Common Stock COM 25659T107 679 8,679 SH   SOLE   8,679 0 0
First Horizon National Corp. - Common Stock COM 320517105 2,403 102,296 SH   SOLE   102,296 0 0
Flushing Financial Corporation - Common Stock COM 343873105 486 21,745 SH   SOLE   21,745 0 0
Franco-Nevada Corporation - Common Stock COM 351858105 1,703 10,676 SH   SOLE   10,676 0 0
Garmin Ltd. - Common Stock COM H2906T109 4,834 40,755 SH   SOLE   40,755 0 0
Lixte Biotechnology Holdings Inc. - Common Stock COM 539319202 205 166,667 SH   SOLE   166,667 0 0
Mastercard Incorporated - Common Stock COM 57636Q104 41,874 117,170 SH   SOLE   117,170 0 0
Metropolitan Bank Holding Corp. - Common Stock COM 591774104 795 7,811 SH   SOLE   7,811 0 0
Psychemedics Corp. - Common Stock COM 744375205 138 20,000 SH   SOLE   20,000 0 0
Simulations Plus, Inc. - Common Stock COM 829214105 1,458 28,596 SH   SOLE   28,596 0 0
Tejon Ranch Co. - Common Stock COM 879080109 2,761 151,201 SH   SOLE   151,201 0 0
Texas Pacific Land Corp. - Common Stock COM 882610108 24,727 18,288 SH   SOLE   18,288 0 0
Virtus Investment Partners, Inc. - Common Stock COM 92828Q109 1,458 6,076 SH   SOLE   6,076 0 0