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 Fund, COM 006212104 2,872 188,819 SH   SOLE   188,819 0 0
Alphabet Inc. COM 02079K107 29,253 30,500 SH   SOLE   30,500 0 0
Amazon.com, Inc. COM 023135106 19,227 20,000 SH   SOLE   20,000 0 0
American Express Company COM 025816109 14,926 165,000 SH   SOLE   165,000 0 0
Anadarko Petroleum Corporation COM 032511107 8,451 173,000 SH   SOLE   173,000 0 0
Aon plc COM G0408V102 22,580 154,552 SH   SOLE   154,552 0 0
Apple Inc. COM 037833100 16,028 104,000 SH   SOLE   104,000 0 0
Applied DNA Sciences, Inc. - W COM 03815U110 197 281,409 SH   SOLE   281,409 0 0
Applied Materials, Inc. COM 038222105 13,543 260,000 SH   SOLE   260,000 0 0
Arantana Therapeutics, Inc. COM 03874P101 5,318 867,600 SH   SOLE   867,600 0 0
Arch Capital Group Ltd. COM G0450A105 39,400 400,000 SH   SOLE   400,000 0 0
ASML Holding N.V. COM N07059210 31,818 185,850 SH   SOLE   185,850 0 0
Axis Capital Holdings Limited COM G0692U109 14,041 245,000 SH   SOLE   245,000 0 0
Berkshire Hathaway Inc. Class COM 084670108 30,221 110 SH   SOLE   110 0 0
Brighthouse Financial, Inc. COM 10922N103 2,211 36,363 SH   SOLE   36,363 0 0
Broadcom Limited COM Y09827109 5,821 24,000 SH   SOLE   24,000 0 0
Cameco Corporation COM 13321L108 11,033 1,140,947 SH   SOLE   1,140,947 0 0
Celgene Corporation COM 151020104 22,602 155,000 SH   SOLE   155,000 0 0
Charter Communications, Inc. COM 16119P108 5,451 15,000 SH   SOLE   15,000 0 0
Cisco Systems, Inc. COM 17275R102 26,568 790,000 SH   SOLE   790,000 0 0
Costco Wholesale Corporation COM 22160K105 19,515 118,781 SH   SOLE   118,781 0 0
CVS Health Corporation COM 126650100 10,572 130,000 SH   SOLE   130,000 0 0
Diageo plc ADR COM 25243Q205 12,316 93,210 SH   SOLE   93,210 0 0
Eaton Corporation plc COM G29183103 14,523 189,131 SH   SOLE   189,131 0 0
eBay Inc. COM 278642103 29,037 755,000 SH   SOLE   755,000 0 0
Ensco plc Class A COM G3157S106 7,164 1,200,000 SH   SOLE   1,200,000 0 0
Everest Re Group, Ltd. COM G3223R108 25,123 110,000 SH   SOLE   110,000 0 0
Ford Motor Company COM 345370860 15,131 1,264,063 SH   SOLE   1,264,063 0 0
General Electric Company COM 369604103 21,037 870,000 SH   SOLE   870,000 0 0
Gilead Sciences, Inc. COM 375558103 37,561 463,600 SH   SOLE   463,600 0 0
Guggenheim S&P 500 Equal Weigh COM 78355W106 2,686 28,111 SH   SOLE   28,111 0 0
Gulf Coast Ultra Deep Royalty COM 40222T104 172 3,830,440 SH   SOLE   3,830,440 0 0
Halliburton Company COM 406216101 19,333 420,000 SH   SOLE   420,000 0 0
Helix Energy Solutions Group, COM 42330P107 12,719 1,721,159 SH   SOLE   1,721,159 0 0
Intra-Cellular Therapies, Inc. COM 46116X010 4,496 284,942 SH   SOLE   284,942 0 0
Johnson Controls International COM G51502105 12,691 315,000 SH   SOLE   315,000 0 0
JPMorgan Chase & Co. COM 46625H100 19,580 205,000 SH   SOLE   205,000 0 0
Kindred Biosciences, Inc. COM 494577109 5,232 666,467 SH   SOLE   666,467 0 0
Liberty Expedia Holdings, Inc. COM 53046P109 17,833 335,779 SH   SOLE   335,779 0 0
Liberty Interactive Corporatio COM 53071M856 18,508 321,599 SH   SOLE   321,599 0 0
M&T Bank Corporation COM 55261F104 17,714 110,000 SH   SOLE   110,000 0 0
Macy's, Inc. COM 55616P104 7,528 345,000 SH   SOLE   345,000 0 0
Merck & Co., Inc. COM 58933Y105 12,818 200,191 SH   SOLE   200,191 0 0
MetLife, Inc. COM 59156R108 20,780 400,000 SH   SOLE   400,000 0 0
Microsoft Corporation COM 594918104 45,118 605,686 SH   SOLE   605,686 0 0
Nelnet, Inc. COM 64031N108 19,695 390,000 SH   SOLE   390,000 0 0
NOW INC. COM 67011P100 7,654 554,204 SH   SOLE   554,204 0 0
Oracle Corporation COM 68389X105 18,389 380,328 SH   SOLE   380,328 0 0
Paratek Pharmaceuticals, Inc. COM 699374302 8,715 347,213 SH   SOLE   347,213 0 0
PepsiCo, Inc. COM 713448108 21,729 195,000 SH   SOLE   195,000 0 0
Pfizer Inc. COM 717081103 13,595 380,808 SH   SOLE   380,808 0 0
QUALCOMM Incorporated COM 747525103 15,614 301,200 SH   SOLE   301,200 0 0
Regal Entertainment Group COM 758766109 9,726 607,845 SH   SOLE   607,845 0 0
Repros Therapeutics Inc. COM 76028H209 76 237,504 SH   SOLE   237,504 0 0
Republic Services, Inc. COM 760759100 52,042 787,800 SH   SOLE   787,800 0 0
Royce Value Trust, Inc. COM 780910105 2,833 179,416 SH   SOLE   179,416 0 0
RPC, INC. COM 749660160 1,242 50,107 SH   SOLE   50,107 0 0
TJX Companies, Inc./The COM 872540109 67,814 919,768 SH   SOLE   919,768 0 0
Tyler Technologies, Inc. COM 902252105 9,269 53,170 SH   SOLE   53,170 0 0
United Technologies Corporatio COM 913017109 22,055 190,000 SH   SOLE   190,000 0 0
Universal Display Corporation COM 91347P105 21,996 170,709 SH   SOLE   170,709 0 0
Vodafone Group plc ADR COM 92857W308 14,835 521,252 SH   SOLE   521,252 0 0
Wal-Mart Stores, Inc. COM 931142103 15,628 200,000 SH   SOLE   200,000 0 0