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
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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 3,148 188,819 SH   SOLE   188,819 0 0
Alphabet Inc. COM 02079K107 42,368 35,500 SH   SOLE   35,500 0 0
Amazon.com, Inc. COM 023135106 36,054 18,000 SH   SOLE   18,000 0 0
Anadarko Petroleum Corporation COM 032511107 17,021 252,500 SH   SOLE   252,500 0 0
Aon plc COM G0408V102 23,767 154,552 SH   SOLE   154,552 0 0
Apple Inc. COM 037833100 23,477 104,000 SH   SOLE   104,000 0 0
Applied DNA Sciences, Inc. - W COM 03815U110 73 281,409 SH   SOLE   281,409 0 0
Applied Materials, Inc. COM 038222105 7,871 203,652 SH   SOLE   203,652 0 0
Arantana Therapeutics, Inc. COM 03874P101 10,946 1,874,364 SH   SOLE   1,874,364 0 0
Arch Capital Group Ltd. COM G0450A105 35,772 1,200,000 SH   SOLE   1,200,000 0 0
ASML Holding N.V. COM N07059210 33,439 177,850 SH   SOLE   177,850 0 0
Avon Products COM 054303102 5,247 2,385,000 SH   SOLE   2,385,000 0 0
Axis Capital Holdings Limited COM G0692U109 15,870 275,000 SH   SOLE   275,000 0 0
Berkshire Hathaway Inc. Class COM 084670108 35,200 110 SH   SOLE   110 0 0
Cameco Corporation COM 13321L108 12,859 1,127,947 SH   SOLE   1,127,947 0 0
Celgene Corporation COM 151020104 14,766 165,000 SH   SOLE   165,000 0 0
Charter Communications, Inc. COM 16119P108 3,259 10,000 SH   SOLE   10,000 0 0
Cisco Systems, Inc. COM 17275R102 31,136 640,000 SH   SOLE   640,000 0 0
Costco Wholesale Corporation COM 22160K105 20,012 85,200 SH   SOLE   85,200 0 0
Delta Air Lines, Inc. COM 247361702 22,930 396,511 SH   SOLE   396,511 0 0
Diageo plc ADR COM 25243Q205 13,205 93,210 SH   SOLE   93,210 0 0
Discovery, Inc. COM 25470F104 12,777 399,285 SH   SOLE   399,285 0 0
DXC Technology Company COM 23355L106 11,828 126,474 SH   SOLE   126,474 0 0
Eaton Corporation plc COM G29183103 11,200 129,131 SH   SOLE   129,131 0 0
eBay Inc. COM 278642103 21,093 638,800 SH   SOLE   638,800 0 0
Ensco plc Class A COM G3157S106 12,871 1,525,000 SH   SOLE   1,525,000 0 0
Everest Re Group, Ltd. COM G3223R108 27,416 120,000 SH   SOLE   120,000 0 0
Facebook, Inc. - Class A COM 30303M102 14,144 86,000 SH   SOLE   86,000 0 0
Ford Motor Company COM 345370860 4,015 434,063 SH   SOLE   434,063 0 0
GCI Liberty, Inc. Class A COM 36164V305 14,872 291,599 SH   SOLE   291,599 0 0
General Electric Company COM 369604103 3,331 295,000 SH   SOLE   295,000 0 0
Gilead Sciences, Inc. COM 375558103 28,846 373,600 SH   SOLE   373,600 0 0
Gulf Coast Ultra Deep Royalty COM 40222T104 211 3,830,440 SH   SOLE   3,830,440 0 0
Halliburton Company COM 406216101 19,657 485,000 SH   SOLE   485,000 0 0
Helix Energy Solutions Group, COM 42330P107 12,844 1,300,000 SH   SOLE   1,300,000 0 0
InterDigital, Inc. COM 45867G101 10,717 133,966 SH   SOLE   133,966 0 0
Intra-Cellular Therapies, Inc. COM 46116X010 6,509 299,942 SH   SOLE   299,942 0 0
Invesco S&P Equal Weight COM 46137V357 3,003 28,111 SH   SOLE   28,111 0 0
JPMorgan Chase & Co. COM 46625H100 21,315 188,900 SH   SOLE   188,900 0 0
Kindred Biosciences, Inc. COM 494577109 6,400 458,817 SH   SOLE   458,817 0 0
Kroger Co. /The COM 501044101 16,207 556,761 SH   SOLE   556,761 0 0
Liberty Expedia Holdings, Inc. COM 53046P109 15,772 335,279 SH   SOLE   335,279 0 0
Lumentum Holdings Inc. COM 55024U109 10,491 175,000 SH   SOLE   175,000 0 0
M&T Bank Corporation COM 55261F104 18,099 110,000 SH   SOLE   110,000 0 0
Macy's, Inc. COM 55616P104 14,587 420,000 SH   SOLE   420,000 0 0
Madison Square Garden Company/ COM 55825T103 3,153 10,000 SH   SOLE   10,000 0 0
Merck & Co., Inc. COM 58933Y105 14,202 200,191 SH   SOLE   200,191 0 0
MetLife, Inc. COM 59156R108 18,688 400,000 SH   SOLE   400,000 0 0
Microsoft Corporation COM 594918104 57,263 500,686 SH   SOLE   500,686 0 0
Nelnet, Inc. COM 64031N108 21,153 370,000 SH   SOLE   370,000 0 0
New York Community Bancorp, In COM 649445103 12,185 1,175,000 SH   SOLE   1,175,000 0 0
Paratek Pharmaceuticals, Inc. COM 699374302 4,233 436,364 SH   SOLE   436,364 0 0
PepsiCo, Inc. COM 713448108 21,801 195,000 SH   SOLE   195,000 0 0
Pfizer Inc. COM 717081103 16,782 380,808 SH   SOLE   380,808 0 0
Phillips 66 COM 718546104 15,781 140,000 SH   SOLE   140,000 0 0
QUALCOMM Incorporated COM 747525103 9,727 135,036 SH   SOLE   135,036 0 0
Republic Services, Inc. COM 760759100 43,443 597,895 SH   SOLE   597,895 0 0
Royce Value Trust, Inc. COM 780910105 3,227 197,358 SH   SOLE   197,358 0 0
Sinclair Broadcast Group, Inc. COM 829226109 13,047 460,196 SH   SOLE   460,196 0 0
TJX Companies, Inc./The COM 872540109 72,619 648,268 SH   SOLE   648,268 0 0
United Technologies Corporatio COM 913017109 30,414 217,541 SH   SOLE   217,541 0 0
Universal Display Corporation COM 91347P105 15,481 131,309 SH   SOLE   131,309 0 0
VBI Vaccines Inc. COM 91822J103 2,092 864,464 SH   SOLE   864,464 0 0
Venator Materials PLC COM G9329Z100 10,706 1,189,536 SH   SOLE   1,189,536 0 0
Vodafone Group plc ADR COM 92857W308 14,566 671,252 SH   SOLE   671,252 0 0
Wal-Mart Stores, Inc. COM 931142103 21,618 230,200 SH   SOLE   230,200 0 0
Worldpay, Inc. COM 989155810 14,053 138,769 SH   SOLE   138,769 0 0
Microsoft Corporation Jan 105 PUT 594918954 263 1,500 SH   SOLE   1,500 0 0