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 2,327 166,689 SH   SOLE 0 166,689 0 0
American Express Company COM 025816109 19,139 245,000 SH   SOLE 0 245,000 0 0
Anadarko Petroleum Corporation COM 032511107 15,320 185,000 SH   SOLE 0 185,000 0 0
Aon plc COM G0408V102 28,210 293,492 SH   SOLE 0 293,492 0 0
Apache Corporation COM 037411105 18,188 301,478 SH   SOLE 0 301,478 0 0
Apple Inc. COM 037833100 49,025 394,000 SH   SOLE 0 394,000 0 0
Applied DNA Sciences Inc. - Wa COM 03815U110 903 860,000 SH   SOLE 0 860,000 0 0
Applied DNA Sciences, Inc. COM 03815U201 3,043 1,175,000 SH   SOLE 0 1,175,000 0 0
Arch Capital Group Ltd. COM G0450A105 44,968 730,000 SH   SOLE 0 730,000 0 0
Ariad Pharmaceuticals, Inc. COM 04033A100 9,888 1,200,000 SH   SOLE 0 1,200,000 0 0
ASML Holding N.V. COM N07059210 25,950 256,850 SH   SOLE 0 256,850 0 0
Berkshire Hathaway Inc. Class COM 084670108 23,925 110 SH   SOLE 0 110 0 0
Cameco Corporation COM 13321L108 19,123 1,372,819 SH   SOLE 0 1,372,819 0 0
Celgene Corporation COM 151020104 23,056 200,000 SH   SOLE 0 200,000 0 0
Cempra Holdings Inc. COM 15130J109 5,833 170,000 SH   SOLE 0 170,000 0 0
Ciena Corporation COM 171779309 10,929 566,000 SH   SOLE 0 566,000 0 0
Cisco Systems, Inc. COM 17275R102 27,525 1,000,000 SH   SOLE 0 1,000,000 0 0
Costco Wholesale Corporation COM 22160K105 46,630 307,800 SH   SOLE 0 307,800 0 0
Diageo plc ADR COM 25243Q205 26,249 237,400 SH   SOLE 0 237,400 0 0
Dow Chemical Company/The COM 260543103 3,661 76,300 SH   SOLE 0 76,300 0 0
Eaton Corporation PLC COM 278058102 14,888 219,131 SH   SOLE 0 219,131 0 0
EMC Corporation COM 268648102 15,719 615,000 SH   SOLE 0 615,000 0 0
Ensco plc Class A COM G3157S106 8,849 420,000 SH   SOLE 0 420,000 0 0
Everest Re Group, Ltd. COM G3223R108 23,490 135,000 SH   SOLE 0 135,000 0 0
FCB Financial Holdings, Inc. COM 30255G103 18,305 668,800 SH   SOLE 0 668,800 0 0
Ford Motor Company COM 345370860 20,402 1,264,063 SH   SOLE 0 1,264,063 0 0
General Electric Company COM 369604103 25,182 1,015,000 SH   SOLE 0 1,015,000 0 0
Gilead Sciences, Inc. COM 375558103 43,530 443,600 SH   SOLE 0 443,600 0 0
Halliburton Company COM 406216101 25,670 585,000 SH   SOLE 0 585,000 0 0
Hertz Global Holdings, Inc. COM 42805T105 1,572 72,500 SH   SOLE 0 72,500 0 0
Huntsman Corporation COM 447011107 12,516 564,553 SH   SOLE 0 564,553 0 0
Imperva, Inc. COM 45321L100 4,496 105,300 SH   SOLE 0 105,300 0 0
Intel Corporation COM 458140100 26,070 833,700 SH   SOLE 0 833,700 0 0
Intra-Cellular Therapies Inc. COM 46116X010 6,332 265,142 SH   SOLE 0 265,142 0 0
JPMorgan Chase & Co. COM 46625H100 21,809 360,000 SH   SOLE 0 360,000 0 0
Keysight Technologies, Inc. COM 49338L103 6,921 186,300 SH   SOLE 0 186,300 0 0
M&T Bank Corporation COM 55261F104 15,875 125,000 SH   SOLE 0 125,000 0 0
Merck & Co., Inc. COM 58933Y105 24,555 427,191 SH   SOLE 0 427,191 0 0
MetLife, Inc. COM 59156R108 18,451 365,000 SH   SOLE 0 365,000 0 0
Microsoft Corporation COM 594918104 27,673 680,686 SH   SOLE 0 680,686 0 0
Nelnet, Inc. COM 64031N108 24,535 518,500 SH   SOLE 0 518,500 0 0
Occidental Petroleum Corporati COM 674599105 14,600 200,000 SH   SOLE 0 200,000 0 0
Owens Corning COM 690742101 16,926 390,000 SH   SOLE 0 390,000 0 0
Paratek Pharmaceuticals Inc COM 699374302 2,083 66,635 SH   SOLE 0 66,635 0 0
PartnerRe Ltd. COM G6852T105 29,154 255,000 SH   SOLE 0 255,000 0 0
PepsiCo, Inc. COM 713448108 18,646 195,000 SH   SOLE 0 195,000 0 0
Pfizer Inc. COM 717081103 24,555 705,808 SH   SOLE 0 705,808 0 0
QUALCOMM Incorporated COM 747525103 37,180 536,200 SH   SOLE 0 536,200 0 0
Repros Therapeutics Inc. COM 76028H209 4,367 508,375 SH   SOLE 0 508,375 0 0
Republic Services, Inc. COM 760759100 42,065 1,037,100 SH   SOLE 0 1,037,100 0 0
Royce Value Trust, Inc. COM 780910105 2,841 198,396 SH   SOLE 0 198,396 0 0
Synchronoss Technologies, Inc. COM 87157B103 17,348 365,534 SH   SOLE 0 365,534 0 0
Target Corporation COM 87612E106 17,752 216,300 SH   SOLE 0 216,300 0 0
TJX Companies, Inc./The COM 872540109 87,189 1,244,668 SH   SOLE 0 1,244,668 0 0
Towers Watson & Co. Class A COM 891894107 36,192 273,798 SH   SOLE 0 273,798 0 0
Ultra Petroleum Corp. COM 903914109 12,563 803,803 SH   SOLE 0 803,803 0 0
United Technologies Corporatio COM 913017109 35,160 300,000 SH   SOLE 0 300,000 0 0
Verint Systems Inc. COM 92343X100 5,425 87,600 SH   SOLE 0 87,600 0 0
Vodafone Group plc ADR COM 92857W308 20,387 623,852 SH   SOLE 0 623,852 0 0