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
Abbott Laboratories COM 002824100 7,338 62,000 SH   SOLE   62,000 0 0
Adams Diversified Equity Fund, COM 006212104 3,131 169,819 SH   SOLE   169,819 0 0
Adobe Inc. COM 00724F101 13,669 30,000 SH   SOLE   30,000 0 0
Advance Auto Parts, Inc. COM 00751Y106 11,954 57,761 SH   SOLE   57,761 0 0
Agnico Eagle Mines Limited COM 008474108 18,381 300,141 SH   SOLE   300,141 0 0
Alamos Gold Inc. - Class A COM 011532108 15,013 1,783,042 SH   SOLE   1,783,042 0 0
Alphabet Inc. - Class C COM 02079K107 71,221 25,500 SH   SOLE   25,500 0 0
Amazon.com, Inc. COM 023135106 46,617 14,300 SH   SOLE   14,300 0 0
Angi Inc. COM 00183L102 6,727 1,186,414 SH   SOLE   1,186,414 0 0
Apple Inc. COM 037833100 60,764 348,000 SH   SOLE   348,000 0 0
Applied Materials, Inc. COM 038222105 16,034 121,652 SH   SOLE   121,652 0 0
Arch Capital Group Ltd. COM G0450A105 45,392 937,459 SH   SOLE   937,459 0 0
ASML Holding N.V. COM N07059210 53,167 79,600 SH   SOLE   79,600 0 0
Axis Capital Holdings Limited COM G0692U109 15,118 250,000 SH   SOLE   250,000 0 0
Azenta, Inc. COM 114340102 6,593 79,553 SH   SOLE   79,553 0 0
Berkshire Hathaway Inc. - Clas COM 084670108 58,181 110 SH   SOLE   110 0 0
Berkshire Hathaway Inc. - Clas COM 084670702 7,605 21,549 SH   SOLE   21,549 0 0
Boeing Company/The COM 097023105 5,745 30,000 SH   SOLE   30,000 0 0
Booking Holdings Inc. COM 09857L108 9,394 4,000 SH   SOLE   4,000 0 0
Broadcom Inc. COM 11135F101 18,890 30,000 SH   SOLE   30,000 0 0
Cameco Corporation COM 13321L108 18,747 644,230 SH   SOLE   644,230 0 0
Centrus Energy Corp. - Class A COM 15643U104 712 21,133 SH   SOLE   21,133 0 0
Chevron Corporation COM 166764100 10,094 61,991 SH   SOLE   61,991 0 0
Cisco Systems, Inc. COM 17275R102 30,278 543,000 SH   SOLE   543,000 0 0
Cleveland-Cliffs Inc. COM 185899101 14,645 454,669 SH   SOLE   454,669 0 0
Costco Wholesale Corporation COM 22160K105 30,520 53,000 SH   SOLE   53,000 0 0
Eaton Corporation plc COM G29183103 22,177 146,131 SH   SOLE   146,131 0 0
Elanco Animal Health Incorpora COM 28414H103 3,914 150,000 SH   SOLE   150,000 0 0
Energy Transfer LP COM 29273V100 14,771 1,320,030 SH   SOLE   1,320,030 0 0
Everest Re Group, Ltd. COM G3223R108 36,618 121,500 SH   SOLE   121,500 0 0
Expedia Group, Inc. COM 30212P303 17,427 89,065 SH   SOLE   89,065 0 0
Fiserv Inc COM 337738108 8,366 82,500 SH   SOLE   82,500 0 0
Gilead Sciences, Inc. COM 375558103 8,388 141,100 SH   SOLE   141,100 0 0
Gulf Coast Ultra Deep Royalty COM 40222T104 76 2,060,603 SH   SOLE   2,060,603 0 0
GXO Logistics, Inc. COM 36262G101 8,368 117,300 SH   SOLE   117,300 0 0
Hess Corporation COM 42809H107 6,422 60,000 SH   SOLE   60,000 0 0
iCAD, Inc. COM 44934S206 1,576 353,386 SH   SOLE   353,386 0 0
Intra-Cellular Therapies, Inc. COM 46116X101 17,344 283,439 SH   SOLE   283,439 0 0
Invesco S&P Equal Weight COM 46137V357 4,433 28,111 SH   SOLE   28,111 0 0
JPMorgan Chase & Co. COM 46625H100 10,906 80,000 SH   SOLE   80,000 0 0
Liberty Broadband Corporation COM 530307305 6,870 50,768 SH   SOLE   50,768 0 0
M&T Bank Corporation COM 55261F104 16,950 100,000 SH   SOLE   100,000 0 0
Merck & Co., Inc. COM 58933Y105 19,708 240,191 SH   SOLE   240,191 0 0
Meta Platforms, Inc. - Class A COM 30303M102 15,454 69,500 SH   SOLE   69,500 0 0
MetLife, Inc. COM 59156R108 22,274 316,927 SH   SOLE   316,927 0 0
Microsoft Corporation COM 594918104 72,453 235,000 SH   SOLE   235,000 0 0
Nelnet, Inc. - Class A COM 64031N108 20,688 243,415 SH   SOLE   243,415 0 0
Paratek Pharmaceuticals, Inc. COM 699374302 4,301 1,448,170 SH   SOLE   1,448,170 0 0
PepsiCo, Inc. COM 713448108 23,433 140,000 SH   SOLE   140,000 0 0
Pfizer Inc. COM 717081103 17,902 345,808 SH   SOLE   345,808 0 0
Raytheon Technologies Corporat COM 75513E101 17,337 175,000 SH   SOLE   175,000 0 0
Regeneron Pharmaceuticals, Inc COM 75886F107 16,117 23,076 SH   SOLE   23,076 0 0
Republic Services, Inc. COM 760759100 69,549 524,895 SH   SOLE   524,895 0 0
Royce Value Trust, Inc. COM 780910105 3,498 205,877 SH   SOLE   205,877 0 0
T-Mobile US, Inc. COM 872590104 33,108 257,950 SH   SOLE   257,950 0 0
Target Corporation COM 87612E106 27,790 130,951 SH   SOLE   130,951 0 0
TJX Companies, Inc./The COM 872540109 33,325 550,092 SH   SOLE   550,092 0 0
Tyler Technologies, Inc. COM 902252105 4,894 11,000 SH   SOLE   11,000 0 0
Universal Display Corporation COM 91347P105 11,354 68,009 SH   SOLE   68,009 0 0
VBI Vaccines, Inc. COM 91822J103 3,117 1,877,497 SH   SOLE   1,877,497 0 0
Venator Materials PLC COM G9329Z100 1,556 874,076 SH   SOLE   874,076 0 0
Walmart Inc. COM 931142103 14,168 95,140 SH   SOLE   95,140 0 0
Walt Disney Company /The COM 254687106 12,547 91,478 SH   SOLE   91,478 0 0