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 6,736 62,000 SH   SOLE   62,000 0 0
Adams Diversified Equity Fund, COM 006212104 2,605 169,819 SH   SOLE   169,819 0 0
Adobe Inc. COM 00724F101 10,982 30,000 SH   SOLE   30,000 0 0
Agnico Eagle Mines Limited COM 008474108 14,421 315,141 SH   SOLE   315,141 0 0
Alamos Gold Inc. - Class A COM 011532108 12,728 1,813,042 SH   SOLE   1,813,042 0 0
Algoma Steel Group Inc. COM 015658107 7,372 820,960 SH   SOLE   820,960 0 0
Alphabet Inc. - Class C COM 02079K107 55,780 25,500 SH   SOLE   25,500 0 0
Amazon.com, Inc. COM 023135106 30,376 286,000 SH   SOLE   286,000 0 0
Angi Inc. COM 00183L102 4,631 1,011,225 SH   SOLE   1,011,225 0 0
Apple Inc. COM 037833100 47,579 348,000 SH   SOLE   348,000 0 0
Applied Materials, Inc. COM 038222105 9,248 101,652 SH   SOLE   101,652 0 0
Arch Capital Group Ltd. COM G0450A105 42,645 937,459 SH   SOLE   937,459 0 0
ASML Holding N.V. COM N07059210 37,880 79,600 SH   SOLE   79,600 0 0
Axis Capital Holdings Limited COM G0692U109 14,273 250,000 SH   SOLE   250,000 0 0
Azenta, Inc. COM 114340102 5,736 79,553 SH   SOLE   79,553 0 0
Bath & Body Works Inc. COM 070830104 8,738 324,592 SH   SOLE   324,592 0 0
Berkshire Hathaway Inc. - Clas COM 084670108 44,985 110 SH   SOLE   110 0 0
Berkshire Hathaway Inc. - Clas COM 084670702 3,153 11,549 SH   SOLE   11,549 0 0
Broadcom Inc. COM 11135F101 14,574 30,000 SH   SOLE   30,000 0 0
Cameco Corporation COM 13321L108 13,542 644,230 SH   SOLE   644,230 0 0
Chevron Corporation COM 166764100 8,975 61,991 SH   SOLE   61,991 0 0
Cisco Systems, Inc. COM 17275R102 22,386 525,000 SH   SOLE   525,000 0 0
Cleveland-Cliffs Inc. COM 185899101 4,820 313,593 SH   SOLE   313,593 0 0
Costco Wholesale Corporation COM 22160K105 25,402 53,000 SH   SOLE   53,000 0 0
Eaton Corporation plc COM G29183103 18,411 146,131 SH   SOLE   146,131 0 0
Energy Transfer LP COM 29273V100 14,671 1,470,030 SH   SOLE   1,470,030 0 0
Everest Re Group, Ltd. COM G3223R108 34,054 121,500 SH   SOLE   121,500 0 0
Expedia Group, Inc. COM 30212P303 15,843 167,065 SH   SOLE   167,065 0 0
First Horizon Corporation COM 320517105 6,558 300,000 SH   SOLE   300,000 0 0
Gilead Sciences, Inc. COM 375558103 8,721 141,100 SH   SOLE   141,100 0 0
Gulf Coast Ultra Deep Royalty COM 40222T104 53 1,173,370 SH   SOLE   1,173,370 0 0
GXO Logistics, Inc. COM 36262G101 6,374 147,300 SH   SOLE   147,300 0 0
Hess Corporation COM 42809H107 7,257 68,500 SH   SOLE   68,500 0 0
iCAD, Inc. COM 44934S206 765 191,216 SH   SOLE   191,216 0 0
Intra-Cellular Therapies, Inc. COM 46116X101 16,179 283,439 SH   SOLE   283,439 0 0
Invesco S&P Equal Weight COM 46137V357 3,773 28,111 SH   SOLE   28,111 0 0
JPMorgan Chase & Co. COM 46625H100 9,009 80,000 SH   SOLE   80,000 0 0
Liberty Broadband Corporation COM 530307305 5,871 50,768 SH   SOLE   50,768 0 0
M&T Bank Corporation COM 55261F104 15,939 100,000 SH   SOLE   100,000 0 0
Merck & Co., Inc. COM 58933Y105 21,898 240,191 SH   SOLE   240,191 0 0
Meta Platforms, Inc. - Class A COM 30303M102 11,207 69,500 SH   SOLE   69,500 0 0
MetLife, Inc. COM 59156R108 14,249 226,927 SH   SOLE   226,927 0 0
Microsoft Corporation COM 594918104 60,355 235,000 SH   SOLE   235,000 0 0
Nelnet, Inc. - Class A COM 64031N108 20,751 243,415 SH   SOLE   243,415 0 0
Paratek Pharmaceuticals, Inc. COM 699374302 3,382 1,752,470 SH   SOLE   1,752,470 0 0
PepsiCo, Inc. COM 713448108 23,332 140,000 SH   SOLE   140,000 0 0
Pfizer Inc. COM 717081103 18,131 345,808 SH   SOLE   345,808 0 0
Quantum-Si Incorporated COM 74765K105 228 98,311 SH   SOLE   98,311 0 0
Raytheon Technologies Corporat COM 75513E101 15,858 165,000 SH   SOLE   165,000 0 0
Regeneron Pharmaceuticals, Inc COM 75886F107 12,459 21,076 SH   SOLE   21,076 0 0
Republic Services, Inc. COM 760759100 68,693 524,895 SH   SOLE   524,895 0 0
Royce Value Trust, Inc. COM 780910105 2,876 205,877 SH   SOLE   205,877 0 0
SomaLogic, Inc. COM 83444K105 162 35,877 SH   SOLE   35,877 0 0
T-Mobile US, Inc. COM 872590104 34,705 257,950 SH   SOLE   257,950 0 0
Target Corporation COM 87612E106 18,494 130,951 SH   SOLE   130,951 0 0
TJX Companies, Inc./The COM 872540109 30,723 550,092 SH   SOLE   550,092 0 0
Tyler Technologies, Inc. COM 902252105 3,657 11,000 SH   SOLE   11,000 0 0
Universal Display Corporation COM 91347P105 6,878 68,009 SH   SOLE   68,009 0 0
VBI Vaccines, Inc. COM 91822J103 1,518 1,877,497 SH   SOLE   1,877,497 0 0
Venator Materials PLC COM G9329Z100 1,818 874,076 SH   SOLE   874,076 0 0
Walt Disney Company /The COM 254687106 10,996 116,478 SH   SOLE   116,478 0 0