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
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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 2,596 188,819 SH   SOLE   188,819 0 0
Alphabet Inc. COM 02079K107 23,228 28,000 SH   SOLE   28,000 0 0
Amazon.com, Inc. COM 023135106 17,731 20,000 SH   SOLE   20,000 0 0
American Express Company COM 025816109 17,800 225,000 SH   SOLE   225,000 0 0
Anadarko Petroleum Corporation COM 032511107 7,006 113,000 SH   SOLE   113,000 0 0
Aon plc COM G0408V102 18,344 154,552 SH   SOLE   154,552 0 0
Apache Corporation COM 037411105 8,269 160,900 SH   SOLE   160,900 0 0
Apple Inc. COM 037833100 16,377 114,000 SH   SOLE   114,000 0 0
Applied DNA Sciences, Inc. - W COM 03815U110 114 281,409 SH   SOLE   281,409 0 0
Applied Materials, Inc. COM 038222105 9,725 250,000 SH   SOLE   250,000 0 0
Arantana Therapeutics, Inc. COM 03874P101 2,780 524,459 SH   SOLE   524,459 0 0
Arch Capital Group Ltd. COM G0450A105 42,173 445,000 SH   SOLE   445,000 0 0
ASML Holding N.V. COM N07059210 24,681 185,850 SH   SOLE   185,850 0 0
Axis Capital Holdings Limited COM G0692U109 12,568 187,500 SH   SOLE   187,500 0 0
Berkshire Hathaway Inc. Class COM 084670108 27,484 110 SH   SOLE   110 0 0
Cameco Corporation COM 13321L108 11,789 1,064,947 SH   SOLE   1,064,947 0 0
Celgene Corporation COM 151020104 20,531 165,000 SH   SOLE   165,000 0 0
Charter Communications, Inc. COM 16119P108 6,546 20,000 SH   SOLE   20,000 0 0
Chipotle Mexican Grill, Inc. COM 169656105 6,237 14,000 SH   SOLE   14,000 0 0
Cisco Systems, Inc. COM 17275R102 26,702 790,000 SH   SOLE   790,000 0 0
Costco Wholesale Corporation COM 22160K105 28,303 168,781 SH   SOLE   168,781 0 0
CVS Health Corporation COM 126650100 15,486 197,280 SH   SOLE   197,280 0 0
Diageo plc ADR COM 25243Q205 21,135 182,864 SH   SOLE   182,864 0 0
Eaton Corporation plc COM G29183103 14,024 189,131 SH   SOLE   189,131 0 0
eBay Inc. COM 278642103 20,310 605,000 SH   SOLE   605,000 0 0
Ensco plc Class A COM G3157S106 12,620 1,410,000 SH   SOLE   1,410,000 0 0
Everest Re Group, Ltd. COM G3223R108 29,226 125,000 SH   SOLE   125,000 0 0
Ford Motor Company COM 345370860 14,714 1,264,063 SH   SOLE   1,264,063 0 0
General Electric Company COM 369604103 26,820 900,000 SH   SOLE   900,000 0 0
Gilead Sciences, Inc. COM 375558103 32,846 483,600 SH   SOLE   483,600 0 0
Gulf Coast Ultra Deep Royalty COM 40222T104 383 3,830,440 SH   SOLE   3,830,440 0 0
Halliburton Company COM 406216101 23,129 470,000 SH   SOLE   470,000 0 0
Helix Energy Solutions Group, COM 42330P107 13,373 1,721,159 SH   SOLE   1,721,159 0 0
Herc Holdings Inc. COM 42704L104 2,748 56,216 SH   SOLE   56,216 0 0
Huntsman Corporation COM 447011107 11,691 476,422 SH   SOLE   476,422 0 0
IMAX Corporation COM 45245E109 11,883 349,496 SH   SOLE   349,496 0 0
Intra-Cellular Therapies, Inc. COM 46116X010 4,630 284,942 SH   SOLE   284,942 0 0
Johnson Controls International COM G51502105 6,739 160,000 SH   SOLE   160,000 0 0
JPMorgan Chase & Co. COM 46625H100 18,007 205,000 SH   SOLE   205,000 0 0
Liberty Expedia Holdings, Inc. COM 53046P109 14,931 328,289 SH   SOLE   328,289 0 0
Liberty Interactive Corporatio COM 53071M856 17,405 391,299 SH   SOLE   391,299 0 0
M&T Bank Corporation COM 55261F104 17,020 110,000 SH   SOLE   110,000 0 0
Macy's, Inc. COM 55616P104 10,226 345,000 SH   SOLE   345,000 0 0
Merck & Co., Inc. COM 58933Y105 16,850 265,191 SH   SOLE   265,191 0 0
MetLife, Inc. COM 59156R108 20,072 380,000 SH   SOLE   380,000 0 0
Microsoft Corporation COM 594918104 39,890 605,686 SH   SOLE   605,686 0 0
Nelnet, Inc. COM 64031N108 17,544 400,000 SH   SOLE   400,000 0 0
Paratek Pharmaceuticals, Inc. COM 699374302 5,914 307,213 SH   SOLE   307,213 0 0
PepsiCo, Inc. COM 713448108 21,813 195,000 SH   SOLE   195,000 0 0
Pfizer Inc. COM 717081103 15,764 460,808 SH   SOLE   460,808 0 0
QUALCOMM Incorporated COM 747525103 19,564 341,200 SH   SOLE   341,200 0 0
Regal Entertainment Group COM 758766109 9,924 439,500 SH   SOLE   439,500 0 0
Repros Therapeutics Inc. COM 76028H209 708 589,768 SH   SOLE   589,768 0 0
Republic Services, Inc. COM 760759100 49,482 787,800 SH   SOLE   787,800 0 0
Royce Value Trust, Inc. COM 780910105 2,747 196,235 SH   SOLE   196,235 0 0
TJX Companies, Inc./The COM 872540109 72,735 919,768 SH   SOLE   919,768 0 0
Tyler Technologies, Inc. COM 902252105 7,986 51,670 SH   SOLE   51,670 0 0
United Technologies Corporatio COM 913017109 21,320 190,000 SH   SOLE   190,000 0 0
Universal Display Corporation COM 91347P105 16,851 195,709 SH   SOLE   195,709 0 0
Vodafone Group plc ADR COM 92857W308 12,059 456,252 SH   SOLE   456,252 0 0
Vodafone Group plc ADR July 26 CALL 92857W908 293 2,500 SH   SOLE   2,500 0 0