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 2,400 188,820 SH   SOLE   188,820 0 0
Alphabet Inc. COM 02079K107 17,752 23,000 SH   SOLE   23,000 0 0
Amazon.com, Inc. COM 023135106 14,997 20,000 SH   SOLE   20,000 0 0
American Express Company COM 025816109 16,668 225,000 SH   SOLE   225,000 0 0
Anadarko Petroleum Corporation COM 032511107 7,879 113,000 SH   SOLE   113,000 0 0
Aon plc COM G0408V102 17,720 158,877 SH   SOLE   158,877 0 0
Apache Corporation COM 037411105 10,212 160,900 SH   SOLE   160,900 0 0
Apple Inc. COM 037833100 14,362 124,000 SH   SOLE   124,000 0 0
Applied DNA Sciences, Inc. - W WARRANTS 03815U110 141 281,409 SH   SOLE   281,409 0 0
Applied Materials, Inc. COM 038222105 9,681 300,000 SH   SOLE   300,000 0 0
Arantana Therapeutics, Inc. COM 03874P101 3,486 485,468 SH   SOLE   485,468 0 0
Arch Capital Group Ltd. COM G0450A105 42,714 495,000 SH   SOLE   495,000 0 0
Ariad Pharmaceuticals, Inc. COM 04033A100 8,883 714,100 SH   SOLE   714,100 0 0
ASML Holding N.V. COM N07059210 20,852 185,850 SH   SOLE   185,850 0 0
Axis Capital Holdings Limited COM G0692U109 12,238 187,500 SH   SOLE   187,500 0 0
Berkshire Hathaway Inc. Class COM 084670108 26,853 110 SH   SOLE   110 0 0
Cameco Corporation COM 13321L108 8,385 800,819 SH   SOLE   800,819 0 0
Celgene Corporation COM 151020104 19,099 165,000 SH   SOLE   165,000 0 0
Cempra, Inc. COM 15130J109 460 164,409 SH   SOLE   164,409 0 0
Charter Communications, Inc. COM 16119P108 5,758 20,000 SH   SOLE   20,000 0 0
Chipotle Mexican Grill, Inc. COM 169656105 5,282 14,000 SH   SOLE   14,000 0 0
Cisco Systems, Inc. COM 17275R102 23,874 790,000 SH   SOLE   790,000 0 0
Costco Wholesale Corporation COM 22160K105 27,024 168,781 SH   SOLE   168,781 0 0
CVS Health Corporation COM 126650100 15,567 197,280 SH   SOLE   197,280 0 0
Diageo plc ADR COM 25243Q205 21,813 209,864 SH   SOLE   209,864 0 0
Eaton Corporation plc COM G29183103 12,689 189,131 SH   SOLE   189,131 0 0
eBay Inc. COM 278642103 17,220 580,000 SH   SOLE   580,000 0 0
Ensco plc Class A COM G3157S106 4,277 440,000 SH   SOLE   440,000 0 0
Everest Re Group, Ltd. COM G3223R108 27,050 125,000 SH   SOLE   125,000 0 0
Ford Motor Company COM 345370860 15,333 1,264,063 SH   SOLE   1,264,063 0 0
General Electric Company COM 369604103 28,440 900,000 SH   SOLE   900,000 0 0
Gilead Sciences, Inc. COM 375558103 34,631 483,600 SH   SOLE   483,600 0 0
Gulf Coast Ultra Deep Royalty COM 40222T104 555 3,830,440 SH   SOLE   3,830,440 0 0
Halliburton Company COM 406216101 28,127 520,000 SH   SOLE   520,000 0 0
Helix Energy Solutions Group, COM 42330P107 15,181 1,721,159 SH   SOLE   1,721,159 0 0
Herc Holdings Inc. COM 42704L104 2,258 56,216 SH   SOLE   56,216 0 0
Huntsman Corporation COM 447011107 11,952 626,422 SH   SOLE   626,422 0 0
IMAX Corporation COM 45245E109 10,974 349,496 SH   SOLE   349,496 0 0
Intel Corporation COM 458140100 11,806 325,500 SH   SOLE   325,500 0 0
Intra-Cellular Therapies, Inc. COM 46116X010 4,300 284,942 SH   SOLE   284,942 0 0
JPMorgan Chase & Co. COM 46625H100 18,552 215,000 SH   SOLE   215,000 0 0
Liberty Expedia Holdings, Inc. COM 53046P109 7,691 193,866 SH   SOLE   193,866 0 0
Liberty Interactive Corporatio COM 53071M856 12,506 339,199 SH   SOLE   339,199 0 0
M&T Bank Corporation COM 55261F104 18,772 120,000 SH   SOLE   120,000 0 0
Macy's, Inc. COM 55616P104 8,642 241,326 SH   SOLE   241,326 0 0
Merck & Co., Inc. COM 58933Y105 15,612 265,191 SH   SOLE   265,191 0 0
MetLife, Inc. COM 59156R108 20,478 380,000 SH   SOLE   380,000 0 0
Microsoft Corporation COM 594918104 42,298 680,686 SH   SOLE   680,686 0 0
Nelnet, Inc. COM 64031N108 20,300 400,000 SH   SOLE   400,000 0 0
Paratek Pharmaceuticals, Inc. COM 699374302 4,053 263,176 SH   SOLE   263,176 0 0
PepsiCo, Inc. COM 713448108 20,403 195,000 SH   SOLE   195,000 0 0
Pfizer Inc. COM 717081103 14,967 460,808 SH   SOLE   460,808 0 0
QUALCOMM Incorporated COM 747525103 22,246 341,200 SH   SOLE   341,200 0 0
Regal Entertainment Group COM 758766109 9,054 439,500 SH   SOLE   439,500 0 0
Repros Therapeutics Inc. COM 76028H209 778 589,768 SH   SOLE   589,768 0 0
Republic Services, Inc. COM 760759100 44,944 787,800 SH   SOLE   787,800 0 0
Royce Value Trust, Inc. COM 780910105 2,579 192,570 SH   SOLE   192,570 0 0
TJX Companies, Inc./The COM 872540109 69,102 919,768 SH   SOLE   919,768 0 0
Tyler Technologies, Inc. COM 902252105 6,820 47,770 SH   SOLE   47,770 0 0
United Technologies Corporatio COM 913017109 20,828 190,000 SH   SOLE   190,000 0 0
Universal Display Corporation COM 91347P105 15,950 283,309 SH   SOLE   283,309 0 0
Vodafone Group plc ADR COM 92857W308 10,465 428,352 SH   SOLE   428,352 0 0
Cameco Corporation Mar 10 Call CALL 13321L908 1,425 15,000 SH   SOLE   15,000 0 0
Ensco plc Jan 8 Calls Exp 1/20 CALL G3157S906 1,700 10,000 SH   SOLE   10,000 0 0
Vodafone Group plc ADR July 26 CALL 92857W908 205 2,500 SH   SOLE   2,500 0 0