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 2,912 188,819 SH   SOLE   188,819 0 0
Alphabet Inc. COM 02079K107 39,606 35,500 SH   SOLE   35,500 0 0
Amazon.com, Inc. COM 023135106 30,596 18,000 SH   SOLE   18,000 0 0
American Express Company COM 025816109 10,290 105,000 SH   SOLE   105,000 0 0
Anadarko Petroleum Corporation COM 032511107 15,199 207,500 SH   SOLE   207,500 0 0
Aon plc COM G0408V102 21,200 154,552 SH   SOLE   154,552 0 0
Apple Inc. COM 037833100 19,251 104,000 SH   SOLE   104,000 0 0
Applied DNA Sciences, Inc. - W COM 03815U110 79 281,409 SH   SOLE   281,409 0 0
Applied Materials, Inc. COM 038222105 9,689 209,756 SH   SOLE   209,756 0 0
Arantana Therapeutics, Inc. COM 03874P101 6,876 1,617,923 SH   SOLE   1,617,923 0 0
Arch Capital Group Ltd. COM G0450A105 31,752 1,200,000 SH   SOLE   1,200,000 0 0
ASML Holding N.V. COM N07059210 38,179 192,850 SH   SOLE   192,850 0 0
Axis Capital Holdings Limited COM G0692U109 15,296 275,000 SH   SOLE   275,000 0 0
Berkshire Hathaway Inc. Class COM 084670108 31,024 110 SH   SOLE   110 0 0
Broadcom Limited COM Y09827109 3,251 13,400 SH   SOLE   13,400 0 0
Cameco Corporation COM 13321L108 12,689 1,127,947 SH   SOLE   1,127,947 0 0
Celgene Corporation COM 151020104 13,104 165,000 SH   SOLE   165,000 0 0
Charter Communications, Inc. COM 16119P108 2,932 10,000 SH   SOLE   10,000 0 0
Cisco Systems, Inc. COM 17275R102 27,539 640,000 SH   SOLE   640,000 0 0
Costco Wholesale Corporation COM 22160K105 21,688 103,781 SH   SOLE   103,781 0 0
Delta Air Lines, Inc. COM 247361702 10,974 221,511 SH   SOLE   221,511 0 0
Diageo plc ADR COM 25243Q205 13,423 93,210 SH   SOLE   93,210 0 0
Discovery, Inc. COM 25470F104 11,530 419,285 SH   SOLE   419,285 0 0
DXC Technology Company COM 23355L106 10,195 126,474 SH   SOLE   126,474 0 0
Eaton Corporation plc COM G29183103 11,146 149,131 SH   SOLE   149,131 0 0
eBay Inc. COM 278642103 22,300 615,000 SH   SOLE   615,000 0 0
Ensco plc Class A COM G3157S106 11,072 1,525,000 SH   SOLE   1,525,000 0 0
Everest Re Group, Ltd. COM G3223R108 27,658 120,000 SH   SOLE   120,000 0 0
Facebook, Inc. - Class A COM 30303M102 13,602 70,000 SH   SOLE   70,000 0 0
Ford Motor Company COM 345370860 4,805 434,063 SH   SOLE   434,063 0 0
GCI Liberty Inc Class A COM 36164V305 13,145 291,599 SH   SOLE   291,599 0 0
General Electric Company COM 369604103 4,015 295,000 SH   SOLE   295,000 0 0
Gilead Sciences, Inc. COM 375558103 31,425 443,600 SH   SOLE   443,600 0 0
Goodyear Tire & Rubber Company COM 382550101 4,888 209,858 SH   SOLE   209,858 0 0
Gulf Coast Ultra Deep Royalty COM 40222T104 328 3,830,440 SH   SOLE   3,830,440 0 0
Halliburton Company COM 406216101 20,052 445,000 SH   SOLE   445,000 0 0
Helix Energy Solutions Group, COM 42330P107 12,983 1,558,600 SH   SOLE   1,558,600 0 0
InterDigital, Inc. COM 45867G101 10,838 133,966 SH   SOLE   133,966 0 0
Intra-Cellular Therapies, Inc. COM 46116X010 5,300 299,942 SH   SOLE   299,942 0 0
Invesco S&P Equal Weight COM 46137V357 2,864 28,111 SH   SOLE   28,111 0 0
JPMorgan Chase & Co. COM 46625H100 21,361 205,000 SH   SOLE   205,000 0 0
Kindred Biosciences, Inc. COM 494577109 6,335 594,878 SH   SOLE   594,878 0 0
Kroger Co. /The COM 501044101 13,555 476,459 SH   SOLE   476,459 0 0
Liberty Expedia Holdings, Inc. COM 53046P109 14,732 335,279 SH   SOLE   335,279 0 0
Lumentum Holdings Inc. COM 55024U109 8,685 150,000 SH   SOLE   150,000 0 0
M&T Bank Corporation COM 55261F104 18,717 110,000 SH   SOLE   110,000 0 0
Macy's, Inc. COM 55616P104 15,721 420,000 SH   SOLE   420,000 0 0
Merck & Co., Inc. COM 58933Y105 12,152 200,191 SH   SOLE   200,191 0 0
MetLife, Inc. COM 59156R108 17,440 400,000 SH   SOLE   400,000 0 0
Microsoft Corporation COM 594918104 49,373 500,686 SH   SOLE   500,686 0 0
Nelnet, Inc. COM 64031N108 21,612 370,000 SH   SOLE   370,000 0 0
Paratek Pharmaceuticals, Inc. COM 699374302 3,941 386,364 SH   SOLE   386,364 0 0
PepsiCo, Inc. COM 713448108 22,863 210,000 SH   SOLE   210,000 0 0
Perspecta Inc COM 715347100 251 12,200 SH   SOLE   12,200 0 0
Pfizer Inc. COM 717081103 13,816 380,808 SH   SOLE   380,808 0 0
Phillips 66 COM 718546104 15,723 140,000 SH   SOLE   140,000 0 0
QUALCOMM Incorporated COM 747525103 18,802 335,036 SH   SOLE   335,036 0 0
Republic Services, Inc. COM 760759100 53,854 787,800 SH   SOLE   787,800 0 0
Royce Value Trust, Inc. COM 780910105 2,835 179,416 SH   SOLE   179,416 0 0
Sinclair Broadcast Group, Inc. COM 829226109 14,795 460,196 SH   SOLE   460,196 0 0
TJX Companies, Inc./The COM 872540109 61,702 648,268 SH   SOLE   648,268 0 0
United Technologies Corporatio COM 913017109 27,199 217,541 SH   SOLE   217,541 0 0
Universal Display Corporation COM 91347P105 11,293 131,309 SH   SOLE   131,309 0 0
VBI Vaccines Inc. COM 91822J103 2,377 864,464 SH   SOLE   864,464 0 0
Venator Materials PLC COM G9329Z100 12,394 757,595 SH   SOLE   757,595 0 0
Vodafone Group plc ADR COM 92857W308 10,241 421,252 SH   SOLE   421,252 0 0
Wal-Mart Stores, Inc. COM 931142103 19,717 230,200 SH   SOLE   230,200 0 0
Worldpay, Inc. CL A 989155810 10,956 133,969 SH   SOLE   133,969 0 0
TJX Companies, Inc/The Jan 90 PUT 872540959 350 1,000 SH   SOLE   1,000 0 0