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 Express COM 006212104 2,329 166,689 SH   SOLE 0 166,689 0 0
American Express Company COM 025816109 19,041 245,000 SH   SOLE 0 245,000 0 0
Anadarko Petroleum Corporation COM 032511107 16,393 210,000 SH   SOLE 0 210,000 0 0
Aon plc COM G0408V102 29,255 293,492 SH   SOLE 0 293,492 0 0
Apache Corporation COM 037411105 17,374 301,478 SH   SOLE 0 301,478 0 0
Apple Inc. COM 037833100 49,417 394,000 SH   SOLE 0 394,000 0 0
Applied DNA Sciences Inc. - Wa COM 03815U110 1,204 860,000 SH   SOLE 0 860,000 0 0
Applied DNA Sciences, Inc. COM 03815U201 3,643 1,175,000 SH   SOLE 0 1,175,000 0 0
Arch Capital Group Ltd. COM G0450A105 48,881 730,000 SH   SOLE 0 730,000 0 0
Ariad Pharmaceuticals, Inc. COM 04033A100 9,924 1,200,000 SH   SOLE 0 1,200,000 0 0
ASML Holding N.V. COM N07059210 24,143 231,850 SH   SOLE 0 231,850 0 0
Berkshire Hathaway Inc. Class COM 084670108 22,534 110 SH   SOLE 0 110 0 0
Cameco Corporation COM 13321L108 21,746 1,522,819 SH   SOLE 0 1,522,819 0 0
Celgene Corporation COM 151020104 23,147 200,000 SH   SOLE 0 200,000 0 0
Cempra Holdings Inc. COM 15130J109 5,841 170,000 SH   SOLE 0 170,000 0 0
Ciena Corporation COM 171779309 11,745 496,000 SH   SOLE 0 496,000 0 0
Cisco Systems, Inc. COM 17275R102 27,460 1,000,000 SH   SOLE 0 1,000,000 0 0
Costco Wholesale Corporation COM 22160K105 41,571 307,800 SH   SOLE 0 307,800 0 0
Diageo plc ADR COM 25243Q205 27,548 237,400 SH   SOLE 0 237,400 0 0
Eaton Corporation PLC COM 278058102 14,789 219,131 SH   SOLE 0 219,131 0 0
EMC Corporation COM 268648102 16,230 615,000 SH   SOLE 0 615,000 0 0
Ensco plc Class A COM G3157S106 9,353 420,000 SH   SOLE 0 420,000 0 0
Everest Re Group, Ltd. COM G3223R108 24,571 135,000 SH   SOLE 0 135,000 0 0
FCB Financial Holdings, Inc. COM 30255G103 16,059 505,000 SH   SOLE 0 505,000 0 0
FireEye, Inc. COM 31816Q101 489 10,000 SH   SOLE 0 10,000 0 0
Ford Motor Company COM 345370860 18,974 1,264,063 SH   SOLE 0 1,264,063 0 0
General Electric Company COM 369604103 26,969 1,015,000 SH   SOLE 0 1,015,000 0 0
Gilead Sciences, Inc. COM 375558103 49,595 423,600 SH   SOLE 0 423,600 0 0
Gulf Coast Ultra Deep Royalty COM 40222T104 824 1,177,438 SH   SOLE 0 1,177,438 0 0
Halliburton Company COM 406216101 25,196 585,000 SH   SOLE 0 585,000 0 0
Halyard Health, Inc. COM 40650V100 7,173 177,119 SH   SOLE 0 177,119 0 0
Hertz Global Holdings, Inc. COM 42805T105 1,314 72,500 SH   SOLE 0 72,500 0 0
Hudson City Bancorp, Inc. COM 443683107 4,940 500,000 SH   SOLE 0 500,000 0 0
Huntsman Corporation COM 447011107 14,372 651,217 SH   SOLE 0 651,217 0 0
Intel Corporation COM 458140100 25,357 833,700 SH   SOLE 0 833,700 0 0
Intra-Cellular Therapies Inc. COM 46116X010 8,471 265,142 SH   SOLE 0 265,142 0 0
JPMorgan Chase & Co. COM 46625H100 21,344 315,000 SH   SOLE 0 315,000 0 0
Keysight Technologies, Inc. COM 49338L103 7,838 251,300 SH   SOLE 0 251,300 0 0
M&T Bank Corporation COM 55261F104 15,616 125,000 SH   SOLE 0 125,000 0 0
Merck & Co., Inc. COM 58933Y105 24,320 427,191 SH   SOLE 0 427,191 0 0
MetLife, Inc. COM 59156R108 20,436 365,000 SH   SOLE 0 365,000 0 0
Microsoft Corporation COM 594918104 30,052 680,686 SH   SOLE 0 680,686 0 0
Nelnet, Inc. COM 64031N108 21,157 488,500 SH   SOLE 0 488,500 0 0
Occidental Petroleum Corporati COM 674599105 15,554 200,000 SH   SOLE 0 200,000 0 0
Owens Corning COM 690742101 6,658 161,400 SH   SOLE 0 161,400 0 0
Paratek Pharmaceuticals Inc COM 699374302 7,140 277,076 SH   SOLE 0 277,076 0 0
PartnerRe Ltd. COM G6852T105 32,768 255,000 SH   SOLE 0 255,000 0 0
PepsiCo, Inc. COM 713448108 18,201 195,000 SH   SOLE 0 195,000 0 0
Pfizer Inc. COM 717081103 20,313 605,808 SH   SOLE 0 605,808 0 0
QUALCOMM Incorporated COM 747525103 33,582 536,200 SH   SOLE 0 536,200 0 0
Repros Therapeutics Inc. COM 76028H209 4,301 601,553 SH   SOLE 0 601,553 0 0
Republic Services, Inc. COM 760759100 40,623 1,037,100 SH   SOLE 0 1,037,100 0 0
Royce Value Trust, Inc. COM 780910105 2,792 202,486 SH   SOLE 0 202,486 0 0
Synchronoss Technologies, Inc. COM 87157B103 17,265 377,534 SH   SOLE 0 377,534 0 0
Target Corporation COM 87612E106 17,657 216,300 SH   SOLE 0 216,300 0 0
TJX Companies, Inc./The COM 872540109 82,360 1,244,668 SH   SOLE 0 1,244,668 0 0
Towers Watson & Co. Class A COM 891894107 33,186 263,798 SH   SOLE 0 263,798 0 0
Ultra Petroleum Corp. COM 903914109 10,064 803,803 SH   SOLE 0 803,803 0 0
United Technologies Corporatio COM 913017109 33,279 300,000 SH   SOLE 0 300,000 0 0
Verint Systems Inc. COM 92343X100 9,698 159,653 SH   SOLE 0 159,653 0 0
Vodafone Group plc ADR COM 92857W308 22,739 623,852 SH   SOLE 0 623,852 0 0