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
Adams Diversified Equity Fund, COM 006212104 2,383 188,819 SH   SOLE   188,819 0 0
Alphabet Inc. COM 02079K107 36,764 35,500 SH   SOLE   35,500 0 0
Amazon.com, Inc. COM 023135106 27,035 18,000 SH   SOLE   18,000 0 0
Anadarko Petroleum Corporation COM 032511107 11,070 252,500 SH   SOLE   252,500 0 0
Aon plc COM G0408V102 22,466 154,552 SH   SOLE   154,552 0 0
Apple Inc. COM 037833100 14,039 89,000 SH   SOLE   89,000 0 0
Applied DNA Sciences, Inc. - W COM 03815U110 1 281,409 SH   SOLE   281,409 0 0
Applied Materials, Inc. COM 038222105 6,668 203,652 SH   SOLE   203,652 0 0
Arantana Therapeutics, Inc. COM 03874P101 9,804 1,599,365 SH   SOLE   1,599,365 0 0
Arch Capital Group Ltd. COM G0450A105 32,064 1,200,000 SH   SOLE   1,200,000 0 0
ASML Holding N.V. COM N07059210 27,677 177,850 SH   SOLE   177,850 0 0
Avon Products COM 054303102 4,560 3,000,000 SH   SOLE   3,000,000 0 0
Axis Capital Holdings Limited COM G0692U109 15,234 295,000 SH   SOLE   295,000 0 0
Berkshire Hathaway Inc. Class COM 084670108 33,660 110 SH   SOLE   110 0 0
Cameco Corporation COM 13321L108 15,072 1,327,947 SH   SOLE   1,327,947 0 0
Celgene Corporation COM 151020104 9,934 155,000 SH   SOLE   155,000 0 0
Cisco Systems, Inc. COM 17275R102 27,731 640,000 SH   SOLE   640,000 0 0
Costco Wholesale Corporation COM 22160K105 17,356 85,200 SH   SOLE   85,200 0 0
Delta Air Lines, Inc. COM 247361702 20,784 416,511 SH   SOLE   416,511 0 0
Diageo plc ADR COM 25243Q205 13,217 93,210 SH   SOLE   93,210 0 0
Discovery, Inc. COM 25470F104 11,115 449,285 SH   SOLE   449,285 0 0
DXC Technology Company COM 23355L106 8,054 151,474 SH   SOLE   151,474 0 0
Eaton Corporation plc COM G29183103 10,583 154,131 SH   SOLE   154,131 0 0
eBay Inc. COM 278642103 12,317 438,800 SH   SOLE   438,800 0 0
Ensco plc Class A COM G3157S106 4,717 1,325,000 SH   SOLE   1,325,000 0 0
Everest Re Group, Ltd. COM G3223R108 25,042 115,000 SH   SOLE   115,000 0 0
Facebook, Inc. - Class A COM 30303M102 10,028 76,500 SH   SOLE   76,500 0 0
FireEye, Inc. COM 31816Q101 4,762 293,794 SH   SOLE   293,794 0 0
GCI Liberty, Inc. Class A COM 36164V305 14,785 359,199 SH   SOLE   359,199 0 0
Gilead Sciences, Inc. COM 375558103 20,867 333,600 SH   SOLE   333,600 0 0
Gulf Coast Ultra Deep Royalty COM 40222T104 109 3,830,440 SH   SOLE   3,830,440 0 0
Halliburton Company COM 406216101 12,227 460,000 SH   SOLE   460,000 0 0
Helix Energy Solutions Group, COM 42330P107 7,033 1,300,000 SH   SOLE   1,300,000 0 0
InterDigital, Inc. COM 45867G101 8,899 133,966 SH   SOLE   133,966 0 0
Intra-Cellular Therapies, Inc. COM 46116X101 3,416 299,942 SH   SOLE   299,942 0 0
Invesco S&P Equal Weight COM 46137V357 2,569 28,111 SH   SOLE   28,111 0 0
JPMorgan Chase & Co. COM 46625H100 17,796 182,300 SH   SOLE   182,300 0 0
Kindred Biosciences, Inc. COM 494577109 4,923 449,574 SH   SOLE   449,574 0 0
Kroger Co. /The COM 501044101 11,434 415,782 SH   SOLE   415,782 0 0
Liberty Expedia Holdings, Inc. COM 53046P109 13,113 335,279 SH   SOLE   335,279 0 0
Lumentum Holdings Inc. COM 55024U109 7,352 175,000 SH   SOLE   175,000 0 0
M&T Bank Corporation COM 55261F104 15,744 110,000 SH   SOLE   110,000 0 0
Macy's, Inc. COM 55616P104 8,934 300,000 SH   SOLE   300,000 0 0
Madison Square Garden Company/ COM 55825T103 6,023 22,500 SH   SOLE   22,500 0 0
Merck & Co., Inc. COM 58933Y105 15,297 200,191 SH   SOLE   200,191 0 0
MetLife, Inc. COM 59156R108 16,424 400,000 SH   SOLE   400,000 0 0
Microsoft Corporation COM 594918104 50,855 500,686 SH   SOLE   500,686 0 0
Nelnet, Inc. COM 64031N108 20,020 382,500 SH   SOLE   382,500 0 0
New York Community Bancorp, In COM 649445103 11,763 1,250,000 SH   SOLE   1,250,000 0 0
Paratek Pharmaceuticals, Inc. COM 699374302 2,385 464,985 SH   SOLE   464,985 0 0
PepsiCo, Inc. COM 713448108 19,279 174,500 SH   SOLE   174,500 0 0
Pfizer Inc. COM 717081103 14,440 330,808 SH   SOLE   330,808 0 0
Phillips 66 COM 718546104 14,473 168,000 SH   SOLE   168,000 0 0
Pioneer Natural Resources Comp COM 723787107 4,019 30,556 SH   SOLE   30,556 0 0
QUALCOMM Incorporated COM 747525103 7,685 135,036 SH   SOLE   135,036 0 0
Republic Services, Inc. COM 760759100 43,102 597,895 SH   SOLE   597,895 0 0
Royce Value Trust, Inc. COM 780910105 2,329 197,358 SH   SOLE   197,358 0 0
Sinclair Broadcast Group, Inc. COM 829226109 5,194 197,196 SH   SOLE   197,196 0 0
TJX Companies, Inc./The COM 872540109 58,007 1,296,536 SH   SOLE   1,296,536 0 0
United Technologies Corporatio COM 913017109 23,164 217,541 SH   SOLE   217,541 0 0
Universal Display Corporation COM 91347P105 11,351 121,309 SH   SOLE   121,309 0 0
VBI Vaccines Inc. COM 91822J103 2,823 1,764,464 SH   SOLE   1,764,464 0 0
Venator Materials PLC COM G9329Z100 4,984 1,189,536 SH   SOLE   1,189,536 0 0
Vodafone Group plc ADR COM 92857W308 6,611 342,900 SH   SOLE   342,900 0 0
Wal-Mart Stores, Inc. COM 931142103 14,706 157,875 SH   SOLE   157,875 0 0
Worldpay, Inc. COM 981558109 11,370 148,769 SH   SOLE   148,769 0 0
Microsoft Corporation Jan 105 PUT 594918954 728 1,500 SH   SOLE   1,500 0 0
The TJX Companies Inc. Jan 48. PUT 872540959 1,520 3,800 SH   SOLE   3,800 0 0