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 Express COM 006212104 2,125 166,688 SH   SOLE   166,688 0 0
American Express Company COM 025816109 18,162 245,000 SH   SOLE   245,000 0 0
Anadarko Petroleum Corporation COM 032511107 12,682 210,000 SH   SOLE   210,000 0 0
Aon plc COM G0408V102 21,576 243,492 SH   SOLE   243,492 0 0
Apache Corporation COM 037411105 9,042 230,900 SH   SOLE   230,900 0 0
Apple Inc. COM 037833100 43,458 394,000 SH   SOLE   394,000 0 0
Applied DNA Sciences Inc. - Wa COM 03815U110 2,580 860,000 SH   SOLE   860,000 0 0
Applied DNA Sciences, Inc. COM 03815U201 6,016 1,175,000 SH   SOLE   1,175,000 0 0
Arch Capital Group Ltd. COM G0450A105 51,429 700,000 SH   SOLE   700,000 0 0
Ariad Pharmaceuticals, Inc. COM 04033A100 7,008 1,200,000 SH   SOLE   1,200,000 0 0
ASML Holding N.V. COM N07059210 17,671 200,850 SH   SOLE   200,850 0 0
Berkshire Hathaway Inc. Class COM 084670108 21,476 110 SH   SOLE   110 0 0
Cameco Corporation COM 13321L108 19,141 1,572,819 SH   SOLE   1,572,819 0 0
Celgene Corporation COM 151020104 19,471 180,000 SH   SOLE   180,000 0 0
Cempra Holdings Inc. COM 15130J109 4,733 170,000 SH   SOLE   170,000 0 0
Ciena Corporation COM 171779309 10,277 496,000 SH   SOLE   496,000 0 0
Cisco Systems, Inc. COM 17275R102 26,250 1,000,000 SH   SOLE   1,000,000 0 0
Costco Wholesale Corporation COM 22160K105 44,499 307,800 SH   SOLE   307,800 0 0
Diageo plc ADR COM 25243Q205 25,589 237,400 SH   SOLE   237,400 0 0
Eaton Corporation PLC COM 278058102 11,241 219,131 SH   SOLE   219,131 0 0
EMC Corporation COM 268648102 14,858 615,000 SH   SOLE   615,000 0 0
Ensco plc Class A COM G3157S106 8,659 615,000 SH   SOLE   615,000 0 0
Everest Re Group, Ltd. COM G3223R108 23,401 135,000 SH   SOLE   135,000 0 0
FCB Financial Holdings, Inc. COM 30255G103 12,559 385,000 SH   SOLE   385,000 0 0
FireEye, Inc. COM 31816Q101 3,551 111,600 SH   SOLE   111,600 0 0
Ford Motor Company COM 345370860 17,153 1,264,063 SH   SOLE   1,264,063 0 0
General Electric Company COM 369604103 25,598 1,015,000 SH   SOLE   1,015,000 0 0
Gilead Sciences, Inc. COM 375558103 43,066 438,600 SH   SOLE   438,600 0 0
Gulf Coast Ultra Deep Royalty COM 40222T104 727 2,505,440 SH   SOLE   2,505,440 0 0
Halliburton Company COM 406216101 20,680 585,000 SH   SOLE   585,000 0 0
Hertz Global Holdings, Inc. COM 42805T105 12,465 745,064 SH   SOLE   745,064 0 0
Hudson City Bancorp, Inc. COM 443683107 3,865 380,000 SH   SOLE   380,000 0 0
Huntsman Corporation COM 447011107 7,766 801,422 SH   SOLE   801,422 0 0
Intel Corporation COM 458140100 25,128 833,700 SH   SOLE   833,700 0 0
Intra-Cellular Therapies Inc. COM 46116X010 9,815 245,142 SH   SOLE   245,142 0 0
JPMorgan Chase & Co. COM 46625H100 19,206 315,000 SH   SOLE   315,000 0 0
Keysight Technologies, Inc. COM 49338L103 7,750 251,300 SH   SOLE   251,300 0 0
M&T Bank Corporation COM 55261F104 15,244 125,000 SH   SOLE   125,000 0 0
Merck & Co., Inc. COM 58933Y105 21,099 427,191 SH   SOLE   427,191 0 0
MetLife, Inc. COM 59156R108 17,210 365,000 SH   SOLE   365,000 0 0
Microsoft Corporation COM 594918104 30,127 680,686 SH   SOLE   680,686 0 0
Nelnet, Inc. COM 64031N108 16,907 488,500 SH   SOLE   488,500 0 0
Occidental Petroleum Corporati COM 674599105 13,230 200,000 SH   SOLE   200,000 0 0
Paratek Pharmaceuticals Inc COM 699374302 5,264 277,076 SH   SOLE   277,076 0 0
PartnerRe Ltd. COM G6852T105 35,187 253,361 SH   SOLE   253,361 0 0
PepsiCo, Inc. COM 713448108 18,389 195,000 SH   SOLE   195,000 0 0
Pfizer Inc. COM 717081103 19,028 605,808 SH   SOLE   605,808 0 0
QUALCOMM Incorporated COM 747525103 28,810 536,200 SH   SOLE   536,200 0 0
Repros Therapeutics Inc. COM 76028H209 3,782 509,060 SH   SOLE   509,060 0 0
Republic Services, Inc. COM 760759100 42,729 1,037,100 SH   SOLE   1,037,100 0 0
Royce Value Trust, Inc. COM 780910105 2,384 207,266 SH   SOLE   207,266 0 0
Synchronoss Technologies, Inc. COM 87157B103 13,138 400,534 SH   SOLE   400,534 0 0
Target Corporation COM 87612E106 17,014 216,300 SH   SOLE   216,300 0 0
TJX Companies, Inc./The COM 872540109 88,894 1,244,668 SH   SOLE   1,244,668 0 0
Towers Watson & Co. Class A COM 891894107 28,558 243,298 SH   SOLE   243,298 0 0
Ultra Petroleum Corp. COM 903914109 5,136 803,803 SH   SOLE   803,803 0 0
United Technologies Corporatio COM 913017109 26,697 300,000 SH   SOLE   300,000 0 0
Verint Systems Inc. COM 92343X100 8,254 191,286 SH   SOLE   191,286 0 0
Vodafone Group plc ADR COM 92857W308 21,705 683,852 SH   SOLE   683,852 0 0