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
ADIENT PLC ORD SHS G0084W101 4,242 70,990 SH   SOLE   70,990 0 0
AFLAC INC COM 001055102 3,895 89,000 SH   SOLE   89,000 0 0
ALLEGHANY CORP DEL COM 017175100 1,466 2,386 SH   SOLE   2,386 0 0
ALLIANCEBERNSTEIN GBL HGH IN COM 01879R106 20,105 1,690,932 SH   SOLE   1,690,932 0 0
ALPHABET INC CAP STK CL A 02079K305 12,488 12,041 SH   SOLE   12,041 0 0
ALPHABET INC CAP STK CL C 02079K107 352 341 SH   SOLE   341 0 0
ALTRIA GROUP INC COM 02209S103 935 15,000 SH   SOLE   15,000 0 0
AMAZON COM INC COM 023135106 1,575 1,088 SH   SOLE   1,088 0 0
AMBEV SA SPONSORED ADR 02319V103 130 17,875 SH   SOLE   17,875 0 0
AMERICAN EXPRESS CO COM 025816109 1,022 10,953 SH   SOLE   10,953 0 0
APPLE INC COM 037833100 1,779 10,606 SH   SOLE   10,606 0 0
APTARGROUP INC COM 038336103 1,269 14,129 SH   SOLE   14,129 0 0
ARADIGM CORP COM PAR 038505400 585 479,477 SH   SOLE   479,477 0 0
ARQULE INC COM 04269E107 432 150,000 SH   SOLE   150,000 0 0
AVANGRID INC COM 05351W103 3,203 62,664 SH   SOLE   62,664 0 0
AXALTA COATING SYS LTD COM G0750C108 3,888 128,800 SH   SOLE   128,800 0 0
BANK N S HALIFAX COM 064149107 740 12,000 SH   SOLE   12,000 0 0
BANK NEW YORK MELLON CORP COM 064058100 309 6,000 SH   SOLE   6,000 0 0
BED BATH & BEYOND INC COM 075896100 2,219 105,700 SH   SOLE   105,700 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 229 1,150 SH   SOLE   1,150 0 0
BLACKROCK MUNIYIELD NY QLTY COM 09255E102 1,381 114,600 SH   SOLE   114,600 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 7,054 111,529 SH   SOLE   111,529 0 0
BROADCOM LTD SHS Y09827109 3,935 16,700 SH   SOLE   16,700 0 0
CAMECO CORP COM 13321L108 3,740 411,400 SH   SOLE   411,400 0 0
CATERPILLAR INC DEL COM 149123101 6,395 105,456 SH   SOLE   105,456 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 746 2,396 SH   SOLE   2,396 0 0
CHINA YUCHAI INTL LTD COM G21082105 3,916 185,000 SH   SOLE   185,000 0 0
CISCO SYS INC COM 17275R102 433 10,100 SH   SOLE   10,100 0 0
COMCAST CORP NEW CL A 20030N101 9,380 274,509 SH   SOLE   274,509 0 0
CONAGRA BRANDS INC COM 205887102 729 19,762 SH   SOLE   19,762 0 0
CONSOLIDATED TOMOKA LD CO COM 210226106 251 4,000 SH   SOLE   4,000 0 0
CONSTELLATION BRANDS INC CL A 21036P108 547 2,400 SH   SOLE   2,400 0 0
CURIS INC COM 231269101 1,907 2,918,753 SH   SOLE   2,918,753 0 0
DEAN FOODS CO NEW COM NEW 242370203 1,129 131,000 SH   SOLE   131,000 0 0
DEERE & CO COM 244199105 2,744 17,666 SH   SOLE   17,666 0 0
DICKS SPORTING GOODS INC COM 253393102 1,413 40,300 SH   SOLE   40,300 0 0
DILLARDS INC CL A 254067101 3,688 45,900 SH   SOLE   45,900 0 0
DISNEY WALT CO COM DISNEY 254687106 703 7,000 SH   SOLE   7,000 0 0
DONEGAL GROUP INC CL A 257701201 898 56,820 SH   SOLE   56,820 0 0
DOWDUPONT INC COM 26078J100 6,364 99,885 SH   SOLE   99,885 0 0
DRIL-QUIP INC COM 262037104 1,098 24,500 SH   SOLE   24,500 0 0
ENERGY XXI GULF COAST INC COM 29276K101 842 219,238 SH   SOLE   219,238 0 0
EOG RES INC COM 26875P101 8,337 79,194 SH   SOLE   79,194 0 0
EXXON MOBIL CORP COM 30231G102 390 5,228 SH   SOLE   5,228 0 0
FACEBOOK INC CL A 30303M102 607 3,800 SH   SOLE   3,800 0 0
FIESTA RESTAURANT GROUP INC COM 31660B101 973 52,600 SH   SOLE   52,600 0 0
FOOT LOCKER INC COM 344849104 3,338 73,300 SH   SOLE   73,300 0 0
FORTIS INC COM 349553107 3,508 103,876 SH   SOLE   103,876 0 0
FRONTIER COMMUNICATIONS CORP PFD CONV SER-A 35906A207 171 14,920 SH   SOLE   14,920 0 0
GALLAGHER ARTHUR J & CO COM 363576109 3,918 57,000 SH   SOLE   57,000 0 0
GENERAL ELECTRIC CO COM 369604103 1,538 114,101 SH   SOLE   114,101 0 0
GENTEX CORP COM 371901109 1,289 56,000 SH   SOLE   56,000 0 0
GERON CORP COM 374163103 657 154,700 SH   SOLE   154,700 0 0
GILEAD SCIENCES INC COM 375558103 7,758 102,900 SH   SOLE   102,900 0 0
GOLUB CAP BDC INC COM 38173M102 11,418 638,244 SH   SOLE   638,244 0 0
GOPRO INC CL A 38268T103 1,627 339,597 SH   SOLE   339,597 0 0
HANESBRANDS INC COM 410345102 3,866 209,900 SH   SOLE   209,900 0 0
HONEYWELL INTL INC COM 438516106 329 2,275 SH   SOLE   2,275 0 0
HRG GROUP INC COM 40434J100 3,808 230,900 SH   SOLE   230,900 0 0
IDENTIV INC COM NEW 45170X205 151 40,500 SH   SOLE   40,500 0 0
INDEPENDENCE HLDG CO NEW COM NEW 453440307 18,294 513,161 SH   SOLE   513,161 0 0
INTEL CORP COM 458140100 1,474 28,296 SH   SOLE   28,296 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 12,569 81,922 SH   SOLE   81,922 0 0
INTEVAC INC COM 461148108 2,026 293,646 SH   SOLE   293,646 0 0
ISHARES GOLD TRUST ISHARES 464285105 1,904 149,600 SH   SOLE   149,600 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 3,723 241,600 SH   SOLE   241,600 0 0
JOHNSON & JOHNSON COM 478160104 7,195 56,142 SH   SOLE   56,142 0 0
JPMORGAN CHASE & CO COM 46625H100 375 3,412 SH   SOLE   3,412 0 0
KIMBERLY CLARK CORP COM 494368103 3,866 35,100 SH   SOLE   35,100 0 0
KULICKE & SOFFA INDS INC COM 501242101 6,253 250,000 SH   SOLE   250,000 0 0
LAMB WESTON HLDGS INC COM 513272104 383 6,587 SH   SOLE   6,587 0 0
LAYNE CHRISTENSEN CO COM 521050104 973 65,200 SH   SOLE   65,200 0 0
LAYNE CHRISTENSEN CO NOTE 4.250%11/1 521050AB0 1,551 1,550,000 PRN   SOLE   1,550,000 0 0
LEUCADIA NATL CORP COM 527288104 5,160 227,000 SH   SOLE   227,000 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 902 28,809 SH   SOLE   28,809 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 2,545 83,629 SH   SOLE   83,629 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 290 15,183 SH   SOLE   15,183 0 0
LOEWS CORP COM 540424108 696 14,000 SH   SOLE   14,000 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 1,722 41,350 SH   SOLE   41,350 0 0
M & T BK CORP COM 55261F104 10,428 56,561 SH   SOLE   56,561 0 0
MACYS INC COM 55616P104 5,915 198,900 SH   SOLE   198,900 0 0
MERCK & CO INC COM 58933Y105 3,148 57,790 SH   SOLE   57,790 0 0
METLIFE INC COM 59156R108 6,090 132,700 SH   SOLE   132,700 0 0
MGM RESORTS INTERNATIONAL COM 552953101 2,690 76,800 SH   SOLE   76,800 0 0
MICROSOFT CORP COM 594918104 7,995 87,600 SH   SOLE   87,600 0 0
MOLSON COORS BREWING CO CL B 60871R209 7,774 103,200 SH   SOLE   103,200 0 0
MONDELEZ INTL INC CL A 609207105 289 6,920 SH   SOLE   6,920 0 0
MONSTER BEVERAGE CORP NEW COM 61174X109 1,144 20,000 SH   SOLE   20,000 0 0
MURPHY OIL CORP COM 626717102 626 24,226 SH   SOLE   24,226 0 0
MURPHY USA INC COM 626755102 257 3,531 SH   SOLE   3,531 0 0
NATIONAL OILWELL VARCO INC COM 637071101 4,833 131,300 SH   SOLE   131,300 0 0
NEW GERMANY FD INC COM 644465106 276 14,146 SH   SOLE   14,146 0 0
NEWELL BRANDS INC COM 651229106 12,226 479,810 SH   SOLE   479,810 0 0
NEWLINK GENETICS CORP COM 651511107 2,163 298,400 SH   SOLE   298,400 0 0
NORDIC AMERICAN TANKERS LIMI COM G65773106 322 166,000 SH   SOLE   166,000 0 0
NOVARTIS A G SPONSORED ADR 66987V109 1,281 15,848 SH   SOLE   15,848 0 0
NUTRIEN LTD COM 67077M108 7,532 159,368 SH   SOLE   159,368 0 0
NXP SEMICONDUCTORS N V COM N6596X109 7,225 61,751 SH   SOLE   61,751 0 0
OAKTREE SPECIALTY LENDING CO COM 67401P108 2,020 479,860 SH   SOLE   479,860 0 0
OCEANEERING INTL INC COM 675232102 1,721 92,800 SH   SOLE   92,800 0 0
PEPSICO INC COM 713448108 5,346 48,981 SH   SOLE   48,981 0 0
PFIZER INC COM 717081103 7,593 213,961 SH   SOLE   213,961 0 0
PG&E CORP COM 69331C108 3,593 81,781 SH   SOLE   81,781 0 0
PHILIP MORRIS INTL INC COM 718172109 1,491 15,000 SH   SOLE   15,000 0 0
POTLATCHDELTIC CORPORATION COM 737630103 814 15,631 SH   SOLE   15,631 0 0
PPL CORP COM 69351T106 3,225 113,988 SH   SOLE   113,988 0 0
PRAXAIR INC COM 74005P104 1,154 8,000 SH   SOLE   8,000 0 0
PROGRESSIVE CORP OHIO COM 743315103 4,021 66,000 SH   SOLE   66,000 0 0
QUALCOMM INC COM 747525103 11,570 208,812 SH   SOLE   208,812 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 386 5,000 SH   SOLE   5,000 0 0
SANOFI RIGHT 12/31/2020 80105N113 62 146,402 SH   SOLE   146,402 0 0
SEALED AIR CORP NEW COM 81211K100 4,163 97,300 SH   SOLE   97,300 0 0
SIRIUS XM HLDGS INC COM 82968B103 125 20,000 SH   SOLE   20,000 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 604 25,000 SH   SOLE   25,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 77,822 618,665 SH   SOLE   618,665 0 0
SPDR SERIES TRUST S&P INS ETF 78464A789 4,337 139,800 SH   SOLE   139,800 0 0
SPDR SERIES TRUST S&P PHARMAC 78464A722 3,542 84,600 SH   SOLE   84,600 0 0
SPECTRUM BRANDS HLDGS INC COM 84763R101 7,363 71,000 SH   SOLE   71,000 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 826 136,709 SH   SOLE   136,709 0 0
SYSCO CORP COM 871829107 5,199 86,700 SH   SOLE   86,700 0 0
TAHOE RES INC COM 873868103 1,670 356,000 SH   SOLE   356,000 0 0
TE CONNECTIVITY LTD REG SHS H84989104 409 4,094 SH   SOLE   4,094 0 0
TECHNIPFMC PLC COM G87110105 939 31,900 SH   SOLE   31,900 0 0
TEEKAY TANKERS LTD CL A Y8565N102 669 562,200 SH   SOLE   562,200 0 0
TERADATA CORP DEL COM 88076W103 2,269 57,200 SH   SOLE   57,200 0 0
TIME WARNER INC COM NEW 887317303 15,905 168,168 SH   SOLE   168,168 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 11,587 315,815 SH   SOLE   315,815 0 0
UNION PAC CORP COM 907818108 1,210 9,000 SH   SOLE   9,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 335 2,660 SH   SOLE   2,660 0 0
UNIVERSAL DISPLAY CORP COM 91347P105 1,010 10,000 SH   SOLE   10,000 0 0
UNUM GROUP COM 91529Y106 3,047 64,000 SH   SOLE   64,000 0 0
US BANCORP DEL COM NEW 902973304 1,520 30,100 SH   SOLE   30,100 0 0
VERITIV CORP COM 923454102 1,580 40,300 SH   SOLE   40,300 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 4,210 88,043 SH   SOLE   88,043 0 0
WALMART INC COM 931142103 684 7,686 SH   SOLE   7,686 0 0
WASHINGTON PRIME GROUP NEW COM 93964W108 3,685 552,400 SH   SOLE   552,400 0 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 1,609 142,100 SH   SOLE   142,100 0 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 470 40,726 SH   SOLE   40,726 0 0
XYLEM INC COM 98419M100 1,531 19,900 SH   SOLE   19,900 0 0