| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 2,695 | 1,348 | 0 | 1,347 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| RESOLUTE ENERGY C 8.5%20 | 90,240 | 89,100 |
| PETROQUEST ENERGY 10%21 | 141,390 | 84,000 |
| APL LOGISTICS | 106,140 | 139,579 |
| JPMORGAN CHASE | 176,130 | 161,544 |
| NAVIENT CORP | 112,565 | 111,119 |
| NAVIENT CORP | 16,661 | 16,719 |
| NAVIENT CORP | 56,471 | 54,464 |
| NAVIENT CORP | 55,438 | 53,114 |
| NAVIENT CORP | 81,015 | 77,048 |
| NAVIENT CORP | 9,803 | 10,639 |
| STATE BK OF INDI 2.15%19 | 70,178 | 69,776 |
| AMER EXPRSS CNTR 2.35%20 | 70,285 | 69,110 |
| WELLS FARGO BK N 1.75%21 | 71,529 | 70,488 |
| CAPITAL ONE BANK 2.2%21 | 45,836 | 44,770 |
| STATE BK OF INDI 2.35%22 | 71,653 | 69,958 |
| AMER EXPRSS CNTRN 2.4%22 | 45,784 | 44,362 |
| GOLDMAN SACHS BK US 3%23 | 71,367 | 68,331 |
| DISCOVER BK 3.2%24 | 70,576 | 67,373 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALLERGAN PLC | 154,280 | 106,928 |
| ALLY FINANCIAL INC | 132,360 | 149,556 |
| AMERICAN INTL GROUP | 180,105 | 122,171 |
| ATENTO SA | 200,813 | 80,200 |
| BANK OF COMMERCE HLD | 105,015 | 109,600 |
| BAY BANKS VIRGINIA | 140,565 | 108,045 |
| BROOKFIELD PREFERRED STOCK | 156,607 | 148,307 |
| CHESAPEAKE FINL SHS | 122,780 | 105,565 |
| CONIFER HOLDINGS INC | 147,499 | 72,629 |
| CONNECTONE BANCORP | 7,475 | 7,388 |
| COUNTY BANCORP INC | 125,489 | 86,850 |
| DISH NETWORK CORP | 155,162 | 62,425 |
| F&M BANK CORP | 116,250 | 123,000 |
| FACEBOOK INC | 154,239 | 117,981 |
| FAQUIER BANKSHARES | 119,615 | 110,285 |
| FEDERAL AGRI MTG | 7,072 | 12,088 |
| FIRST TRUST MLP AND ENER | 162,661 | 166,600 |
| GUARANTY FED BANSCHS | 89,704 | 105,596 |
| HOMETOWN BANKSHARES | 16,340 | 19,441 |
| JAMES FINANCIAL GRP | 31,620 | 27,300 |
| KINGSTONE COMPANIES | 39,064 | 57,581 |
| LENNAR CORP | 134,709 | 111,848 |
| LYON WILLIAM HOMES | 113,566 | 106,900 |
| MICRON TECHNOLOGY | 8,702 | 10,312 |
| NETFLIX INC | 59,772 | 120,447 |
| NORTHEAST BANCORP | 95,335 | 117,696 |
| OHANA PACIFIC BANK | 135,915 | 133,200 |
| PARKWAY ACQUISITION GROUP | 126,572 | 103,550 |
| PRIVATE BANCORP | 119,015 | 114,750 |
| PURECYCLE CORP | 26,037 | 47,297 |
| RING ENERGY INC | 112,863 | 121,920 |
| SOMERSET TR HLDG CO | 134,910 | 132,344 |
| SPROTT PHYSICAL GOLD & S | 158,164 | 175,560 |
| STANDARD A V B FINAN | 110,405 | 113,544 |
| STEWARDSHIP FINL CO | 107,265 | 118,300 |
| STITCH FIX INC | 80,086 | 68,360 |
| T P I COMPOSITES INC | 169,860 | 159,770 |
| TOWER SEMICONDUCTOR | 201,509 | 103,180 |
| US METRO BANK | 51,022 | 67,070 |
| W T B FINL CORP | 110,415 | 125,940 |
| WEST TOWN BANCORP | 105,909 | 104,263 |
| WHEELER REIT 8.75 PFD | 119,050 | 48,154 |
| ALIBABA GRP HOLDING ADR | 213,640 | 294,701 |
| ALPHABET INC. | 374,847 | 475,457 |
| BAIDU INC ADR | 202,042 | 187,148 |
| CENTENE CORP | 191,292 | 359,160 |
| CIGNA CORP | 327,386 | 341,286 |
| COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A | 301,224 | 336,127 |
| CVS | 370,838 | 304,013 |
| DANAHER CORP | 354,399 | 446,510 |
| FACEBOOK INC | 392,257 | 294,297 |
| IDEXX LABORATORIES INC | 34,340 | 53,202 |
| INTERCONTINENTAL EXCHANGE | 281,331 | 368,740 |
| PAYPAL HOLDINGS INC | 122,063 | 253,531 |
| TENCENT HOLDINGS SPONSORED ADR | 202,177 | 172,208 |
| TRANSUNION | 139,438 | 183,180 |
| VISA | 387,834 | 616,820 |
| CYBER-ARK SOFTWARE LTD COM ILSO.01 | 27,716 | 29,656 |
| ABIOMED INC | 76,309 | 76,384 |
| ADOBE SYS INC | 60,292 | 75,112 |
| ALPHABET INC CAP STK CL A | 93,683 | 93,001 |
| AMAZON.COM INC | 97,512 | 111,146 |
| APPLIED MATERIALS | 108 | 60 |
| ARISTA NETWORKS INC | 54,493 | 53,307 |
| BIOTELEMETRY INC COM | 68,145 | 83,608 |
| BOEING CO | 73,903 | 66,391 |
| BROADCOM LIMITED COM NPV | 70,465 | 69,965 |
| BURLINGTON STORES INC | 81,105 | 68,321 |
| CME GROUP INC COM CL A | 70,386 | 70,072 |
| CENTENE CORP | 61,559 | 58,803 |
| COMERICA INC | 128 | 88 |
| CONSTELLATION BRANDS INC CL A | 309 | 224 |
| CRACKER BARREL OLD CTRY STORE | 71,183 | 67,141 |
| D R HORTON INC | 120 | 83 |
| EURONET WORLDWIDE INC | 7,731 | 64,499 |
| FACEBOOK INC | 32,104 | 24,252 |
| IAC INTERACTIVECORP | 34,424 | 39,354 |
| INTUITIVE SURGICAL INC | 50,709 | 64,654 |
| KIRKLAND LAKE GOLD COM NPV | 71,960 | 73,052 |
| LULULEMON ATHLETICA INC | 80,560 | 77,830 |
| MKS INSTRUMENTS INC | 242 | 145 |
| MASTERCARD INCORPORATED | 131,597 | 143,328 |
| MICROSOFT CORP | 71,080 | 67,177 |
| NETFLIX COM INC COM | 94,332 | 70,930 |
| NVIDIA CORP | 53,739 | 29,899 |
| PALO ALTO NETWORKS INC | 81,858 | 80,991 |
| REGENERON PHARMACEUTICALS | 70,442 | 69,098 |
| SALESFORCE COM INC | 60,352 | 72,594 |
| SKYWEST INC | 70 | 57 |
| UBIQUITI NETWORKS INC | 61,393 | 55,670 |
| UNITEDHEALTH GROUP | 69,988 | 66,238 |
| VERTEX PHARMACEUTICLS INC | 72,883 | 66,284 |
| VISA INC COM CL A | 70,156 | 67,685 |
| ZOETIS INC COM CL A | 71,608 | 67,669 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| BLUEROCK RESIDENTIAL REIT | AT COST | 144,105 | 108,240 |
| CITY OFFICE REIT | AT COST | 136,597 | 123,000 |
| INDEPENDENCE REALTY TRUSTS | AT COST | 22,847 | 27,540 |
| ONE LIBERTY PRPERTIES REIT | AT COST | 151,213 | 145,320 |
| DFA DIVERSIFIED FIXED | AT COST | 72,250 | 72,029 |
| AQR LG CAP MULTI STYLE | AT COST | 136,726 | 118,864 |
| BRIDGEWAY OMNI SM CAP VALUE FD | AT COST | 442,491 | 338,949 |
| DFA EMERGING MKTS CORE EQTY PORT INSTL | AT COST | 146,870 | 151,712 |
| DFA INTL CORE EQTY PORT INSTL | AT COST | 91,099 | 87,010 |
| DFA INTL SMALL CAP VALUE PORT INSTL | AT COST | 195,720 | 162,971 |
| DFA INTL VALUE III PORT | AT COST | 189,998 | 171,065 |
| DFA US CORE EQTY 2 PORT INSTL | AT COST | 376,610 | 364,011 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INCOME RECEIVABLE | 25,920 | 65,905 | 65,905 |
| ACCRUED INTEREST PAID | 2,408 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INCOME FROM VIPER ENERGY PARTNERS LLP | 0 | 89 | |
| OTHER INCOME | 740 | 740 |
| Description | Amount |
|---|---|
| BOOK GAIN ON DONATED SECURITIES | 15,184 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 127,928 | 63,964 | 0 | 63,964 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAX | 18,000 | 0 | 0 | 0 |
| FOREIGN TAXES | 1,922 | 1,922 | 0 | 0 |