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 2,991 188,819 SH   SOLE   188,819 0 0
Alphabet Inc. COM 02079K107 43,275 35,500 SH   SOLE   35,500 0 0
Amazon.com, Inc. COM 023135106 31,246 18,000 SH   SOLE   18,000 0 0
Aon plc COM G0408V102 13,591 70,214 SH   SOLE   70,214 0 0
Apple Inc. COM 037833100 18,813 84,000 SH   SOLE   84,000 0 0
Applied DNA Sciences, Inc. - W COM 03815U110 1 281,409 SH   SOLE   281,409 0 0
Applied Materials, Inc. COM 038222105 7,667 153,652 SH   SOLE   153,652 0 0
Arch Capital Group Ltd. COM G0450A105 45,338 1,080,000 SH   SOLE   1,080,000 0 0
ASML Holding N.V. COM N07059210 42,443 170,850 SH   SOLE   170,850 0 0
Axis Capital Holdings Limited COM G0692U109 19,682 295,000 SH   SOLE   295,000 0 0
Berkshire Hathaway Inc. Class COM 084670108 34,302 110 SH   SOLE   110 0 0
Cameco Corporation COM 13321L108 14,259 1,500,947 SH   SOLE   1,500,947 0 0
CBS Corporation-Class B COM 124857202 15,009 371,794 SH   SOLE   371,794 0 0
Cisco Systems, Inc. COM 17275R102 31,172 630,886 SH   SOLE   630,886 0 0
Cleveland-Cliffs Inc. COM 185899101 6,279 869,669 SH   SOLE   869,669 0 0
Corbus Pharmaceuticals Holding COM 21833P103 2,715 557,400 SH   SOLE   557,400 0 0
Costco Wholesale Corporation COM 22160K105 24,547 85,200 SH   SOLE   85,200 0 0
Costco Wholesale Corp 290 Puts PUT 22160K955 504 60,000 SH   SOLE   60,000 0 0
Delta Air Lines, Inc. COM 247361702 25,143 436,511 SH   SOLE   436,511 0 0
Diageo plc ADR COM 25243Q205 15,242 93,210 SH   SOLE   93,210 0 0
Discovery, Inc. COM 25470F104 4,966 186,500 SH   SOLE   186,500 0 0
Eaton Corporation plc COM G29183103 12,816 154,131 SH   SOLE   154,131 0 0
eBay Inc. COM 278642103 7,359 188,800 SH   SOLE   188,800 0 0
Elanco Animal Health Incorpora COM 28414H103 5,575 209,683 SH   SOLE   209,683 0 0
EOG Resources Inc. COM 26875P101 8,960 120,725 SH   SOLE   120,725 0 0
Everest Re Group, Ltd. COM G3223R108 27,939 105,000 SH   SOLE   105,000 0 0
Expedia Group Inc. COM 30212P303 10,645 79,201 SH   SOLE   79,201 0 0
Facebook, Inc. - Class A COM 30303M102 13,623 76,500 SH   SOLE   76,500 0 0
FireEye, Inc. COM 31816Q101 4,819 361,240 SH   SOLE   361,240 0 0
GCI Liberty, Inc. Class A COM 36164V305 19,192 309,199 SH   SOLE   309,199 0 0
Gilead Sciences, Inc. COM 375558103 21,144 333,600 SH   SOLE   333,600 0 0
Gulf Coast Ultra Deep Royalty COM 40222T104 118 3,830,440 SH   SOLE   3,830,440 0 0
Halliburton Company COM 406216101 8,671 460,000 SH   SOLE   460,000 0 0
Helix Energy Solutions Group, COM 42330P107 9,269 1,150,000 SH   SOLE   1,150,000 0 0
InterDigital, Inc. COM 45867G101 9,399 179,137 SH   SOLE   179,137 0 0
Intra-Cellular Therapies, Inc. COM 46116X101 2,551 341,527 SH   SOLE   341,527 0 0
Invesco S&P Equal Weight COM 46137V357 3,038 28,111 SH   SOLE   28,111 0 0
JPMorgan Chase & Co. COM 46625H100 21,455 182,300 SH   SOLE   182,300 0 0
Kindred Biosciences, Inc. COM 494577109 3,386 494,327 SH   SOLE   494,327 0 0
Kroger Co. /The COM 501044101 8,141 315,782 SH   SOLE   315,782 0 0
Lumentum Holdings Inc. COM 55024U109 7,231 135,000 SH   SOLE   135,000 0 0
M&T Bank Corporation COM 55261F104 17,377 110,000 SH   SOLE   110,000 0 0
Macy's, Inc. COM 55616P104 6,995 450,100 SH   SOLE   450,100 0 0
Madison Square Garden Company/ COM 55825T103 3,468 13,160 SH   SOLE   13,160 0 0
Merck & Co., Inc. COM 58933Y105 15,589 185,191 SH   SOLE   185,191 0 0
MetLife, Inc. COM 59156R108 17,921 380,000 SH   SOLE   380,000 0 0
Microsoft Corporation COM 594918104 50,146 360,686 SH   SOLE   360,686 0 0
Nelnet, Inc. COM 64031N108 22,260 350,000 SH   SOLE   350,000 0 0
New York Community Bancorp, In COM 649445103 10,040 800,000 SH   SOLE   800,000 0 0
Nuance Communications, Inc. COM 67020Y100 8,656 530,741 SH   SOLE   530,741 0 0
Paratek Pharmaceuticals, Inc. COM 699374302 3,239 749,660 SH   SOLE   749,660 0 0
PepsiCo, Inc. COM 713448108 19,194 140,000 SH   SOLE   140,000 0 0
Pfizer Inc. COM 717081103 11,886 330,808 SH   SOLE   330,808 0 0
Phillips 66 COM 718546104 14,643 143,000 SH   SOLE   143,000 0 0
Pioneer Natural Resources Comp COM 723787107 6,407 50,944 SH   SOLE   50,944 0 0
QUALCOMM Incorporated COM 747525103 6,105 80,036 SH   SOLE   80,036 0 0
Republic Services, Inc. COM 760759100 51,748 597,895 SH   SOLE   597,895 0 0
Royce Value Trust, Inc. COM 780910105 2,716 197,358 SH   SOLE   197,358 0 0
Target Corporation COM 87612E106 18,902 176,800 SH   SOLE   176,800 0 0
TJX Companies, Inc./The COM 872540109 58,808 1,055,037 SH   SOLE   1,055,037 0 0
TJX Companies, Inc./The 42.50 Puts PUT 872540959 23 150,000 SH   SOLE   150,000 0 0
United Technologies Corporatio COM 913017109 29,699 217,541 SH   SOLE   217,541 0 0
Universal Display Corporation COM 91347P105 14,995 89,309 SH   SOLE   89,309 0 0
Valaris plc COM G9402V109 1,593 331,250 SH   SOLE   331,250 0 0
VBI Vaccines Inc. COM 91822J103 1,025 2,174,264 SH   SOLE   2,174,264 0 0
Venator Materials PLC COM G9329Z100 2,902 1,189,536 SH   SOLE   1,189,536 0 0
Vodafone Group plc ADR COM 92857W308 6,827 342,900 SH   SOLE   342,900 0 0
Walt Disney Company /The COM 254687106 6,516 50,000 SH   SOLE   50,000 0 0